Chapter 1538 Financial Institutions

Cai Jinmei's reputation does not only exist within Haihan, most of the money bank bosses in Zhejiang have also heard that the official in charge of Haihan Bank is a woman, and her methods are quite powerful. Although businessmen generally do not have the stereotype that "women can't take care of accounts", it is enough to make people feel shocked that a woman is actually behind the scenes in a well-known big money bank like Haihan Bank.

How rich the Haihan Bank is, just like how high the combat effectiveness of the Haihan Army is, is a puzzle that is difficult for the Ming people to have a specific answer. However, some big businessmen who have a close relationship with Haihan have had the privilege of visiting the vault of Haihan Bank on Zhoushan Island, and it is said that there are millions of cash reserves available for use at any time, and even if there is any emergency, another million cash can be transferred from Fujian within three days, and the funds can be described as very abundant, and this is only the branch of Haihan Bank in Zhejiang.

There is also an office of Haihan Bank in Ningbo, but because the trade relationship between Haihan and Daming has not been officially recognized, the business scope of this office is relatively narrow, and there is no public savings and loan business, just to provide account settlement services for those merchants who have money dealings with Haihan. As long as Ningbo merchants open a special account in Haihan Bank, then their trade with Haihan can settle accounts through this office, and they no longer need to take the risk of carrying boxes of silver back and forth.

Of course, it is also very convenient for depositors to withdraw the money deposited in Haihan Bank, as long as they take their passbook and seal to go through the formalities, and the bank will also provide additional services escorted home by armed bodyguards escorted by golden shields for relatively large cash withdrawals. Although the market has been left to local banks in terms of savings and loans, in fact, in order to facilitate trade settlement, the amount of money deposited in Haihan Bank by merchants in the coastal areas of Jiangsu and Zhejiang is still very considerable, and according to informed sources, the amount may be two to three times more than the amount of cash in the bank's vault.

With such a huge amount of capital, Haihan Bank only needs to do a little bit of off-the-table operations and use some financial means, which is enough to make those local money banks with a capital of only a few hundred thousand taels collapse in just a few days, which is very clear to both local businessmen and the bosses of money banks. And Haihan has never taken such radical measures to get rid of competitors, which is enough to make these money bank bosses feel awe.

This book was first published on the Genesis Chinese website, and the following content will be re-edited later for anti-theft

Cai Jinmei's reputation does not only exist within Haihan, most of the money bank bosses in Zhejiang have also heard that the official in charge of Haihan Bank is a woman, and her methods are quite powerful. Although businessmen generally do not have the stereotype that "women can't take care of accounts", it is enough to make people feel shocked that a woman is actually behind the scenes in a well-known big money bank like Haihan Bank.

How rich the Haihan Bank is, just like how high the combat effectiveness of the Haihan Army is, is a puzzle that is difficult for the Ming people to have a specific answer. However, some big businessmen who have a close relationship with Haihan have had the privilege of visiting the vault of Haihan Bank on Zhoushan Island, and it is said that there are millions of cash reserves available for use at any time, and even if there is any emergency, another million cash can be transferred from Fujian within three days, and the funds can be described as very abundant, and this is only the branch of Haihan Bank in Zhejiang.

There is also an office of Haihan Bank in Ningbo, but because the trade relationship between Haihan and Daming has not been officially recognized, the business scope of this office is relatively narrow, and there is no public savings and loan business, just to provide account settlement services for those merchants who have money dealings with Haihan. As long as Ningbo merchants open a special account in Haihan Bank, then their trade with Haihan can settle accounts through this office, and they no longer need to take the risk of carrying boxes of silver back and forth.

Of course, it is also very convenient for depositors to withdraw the money deposited in Haihan Bank, as long as they take their passbook and seal to go through the formalities, and the bank will also provide additional services escorted home by armed bodyguards escorted by golden shields for relatively large cash withdrawals. Although the market has been left to local banks in terms of savings and loans, in fact, in order to facilitate trade settlement, the amount of money deposited in Haihan Bank by merchants in the coastal areas of Jiangsu and Zhejiang is still very considerable, and according to informed sources, the amount may be two to three times more than the amount of cash in the bank's vault.

With such a huge amount of capital, Haihan Bank only needs to do a little bit of off-the-table operations and use some financial means, which is enough to make those local money banks with a capital of only a few hundred thousand taels collapse in just a few days, which is very clear to both local businessmen and the bosses of money banks. And Haihan has never taken such radical measures to get rid of competitors, which is enough to make these money bank bosses feel awe. Cai Jinmei's reputation does not only exist within Haihan, most of the money bank bosses in Zhejiang have also heard that the official in charge of Haihan Bank is a woman, and her methods are quite powerful. Although businessmen generally do not have the stereotype that "women can't take care of accounts", it is enough to make people feel shocked that a woman is actually behind the scenes in a well-known big money bank like Haihan Bank.

How rich the Haihan Bank is, just like how high the combat effectiveness of the Haihan Army is, is a puzzle that is difficult for the Ming people to have a specific answer. However, some big businessmen who have a close relationship with Haihan have had the privilege of visiting the vault of Haihan Bank on Zhoushan Island, and it is said that there are millions of cash reserves available for use at any time, and even if there is any emergency, another million cash can be transferred from Fujian within three days, and the funds can be described as very abundant, and this is only the branch of Haihan Bank in Zhejiang.

There is also an office of Haihan Bank in Ningbo, but because the trade relationship between Haihan and Daming has not been officially recognized, the business scope of this office is relatively narrow, and there is no public savings and loan business, just to provide account settlement services for those merchants who have money dealings with Haihan. As long as Ningbo merchants open a special account in Haihan Bank, then their trade with Haihan can settle accounts through this office, and they no longer need to take the risk of carrying boxes of silver back and forth.

Of course, it is also very convenient for depositors to withdraw the money deposited in Haihan Bank, as long as they take their passbook and seal to go through the formalities, and the bank will also provide additional services escorted home by armed bodyguards escorted by golden shields for relatively large cash withdrawals. Although the market has been left to local banks in terms of savings and loans, in fact, in order to facilitate trade settlement, the amount of money deposited in Haihan Bank by merchants in the coastal areas of Jiangsu and Zhejiang is still very considerable, and according to informed sources, the amount may be two to three times more than the amount of cash in the bank's vault.

With such a huge amount of capital, Haihan Bank only needs to do a little bit of off-the-table operations and use some financial means, which is enough to make those local money banks with a capital of only a few hundred thousand taels collapse in just a few days, which is very clear to both local businessmen and the bosses of money banks. And Haihan has never taken such radical measures to get rid of competitors, which is enough to make these money bank bosses feel awe. Cai Jinmei's reputation does not only exist within Haihan, most of the money bank bosses in Zhejiang have also heard that the official in charge of Haihan Bank is a woman, and her methods are quite powerful. Although businessmen generally do not have the stereotype that "women can't take care of accounts", it is enough to make people feel shocked that a woman is actually behind the scenes in a well-known big money bank like Haihan Bank.

How rich the Haihan Bank is, just like how high the combat effectiveness of the Haihan Army is, is a puzzle that is difficult for the Ming people to have a specific answer. However, some big businessmen who have a close relationship with Haihan have had the privilege of visiting the vault of Haihan Bank on Zhoushan Island, and it is said that there are millions of cash reserves available for use at any time, and even if there is any emergency, another million cash can be transferred from Fujian within three days, and the funds can be described as very abundant, and this is only the branch of Haihan Bank in Zhejiang.

There is also an office of Haihan Bank in Ningbo, but because the trade relationship between Haihan and Daming has not been officially recognized, the business scope of this office is relatively narrow, and there is no public savings and loan business, just to provide account settlement services for those merchants who have money dealings with Haihan. As long as Ningbo merchants open a special account in Haihan Bank, then their trade with Haihan can settle accounts through this office, and they no longer need to take the risk of carrying boxes of silver back and forth.

Of course, it is also very convenient for depositors to withdraw the money deposited in Haihan Bank, as long as they take their passbook and seal to go through the formalities, and the bank will also provide additional services escorted home by armed bodyguards escorted by golden shields for relatively large cash withdrawals. Although the market has been left to local banks in terms of savings and loans, in fact, in order to facilitate trade settlement, the amount of money deposited in Haihan Bank by merchants in the coastal areas of Jiangsu and Zhejiang is still very considerable, and according to informed sources, the amount may be two to three times more than the amount of cash in the bank's vault.

With such a huge amount of capital, Haihan Bank only needs to do a little bit of off-the-table operations and use some financial means, which is enough to make those local money banks with a capital of only a few hundred thousand taels collapse in just a few days, which is very clear to both local businessmen and the bosses of money banks. And Haihan has never taken such radical measures to get rid of competitors, which is enough to make these money bank bosses feel awe. Cai Jinmei's reputation does not only exist within Haihan, most of the money bank bosses in Zhejiang have also heard that the official in charge of Haihan Bank is a woman, and her methods are quite powerful. Although businessmen generally do not have the stereotype that "women can't take care of accounts", it is enough to make people feel shocked that a woman is actually behind the scenes in a well-known big money bank like Haihan Bank.

How rich the Haihan Bank is, just like how high the combat effectiveness of the Haihan Army is, is a puzzle that is difficult for the Ming people to have a specific answer. However, some big businessmen who have a close relationship with Haihan have had the privilege of visiting the vault of Haihan Bank on Zhoushan Island, and it is said that there are millions of cash reserves available for use at any time, and even if there is any emergency, another million cash can be transferred from Fujian within three days, and the funds can be described as very abundant, and this is only the branch of Haihan Bank in Zhejiang.

There is also an office of Haihan Bank in Ningbo, but because the trade relationship between Haihan and Daming has not been officially recognized, the business scope of this office is relatively narrow, and there is no public savings and loan business, just to provide account settlement services for those merchants who have money dealings with Haihan. As long as Ningbo merchants open a special account in Haihan Bank, then their trade with Haihan can settle accounts through this office, and they no longer need to take the risk of carrying boxes of silver back and forth.

Of course, it is also very convenient for depositors to withdraw the money deposited in Haihan Bank, as long as they take their passbook and seal to go through the formalities, and the bank will also provide additional services escorted home by armed bodyguards escorted by golden shields for relatively large cash withdrawals. Although the market has been left to local banks in terms of savings and loans, in fact, in order to facilitate trade settlement, the amount of money deposited in Haihan Bank by merchants in the coastal areas of Jiangsu and Zhejiang is still very considerable, and according to informed sources, the amount may be two to three times more than the amount of cash in the bank's vault.

With such a huge amount of capital, Haihan Bank only needs to do a little bit of off-the-table operations and use some financial means, which is enough to make those local money banks with a capital of only a few hundred thousand taels collapse in just a few days, which is very clear to both local businessmen and the bosses of money banks. And Haihan has never taken such radical measures to get rid of competitors, which is enough to make these money bank bosses feel awe. Cai Jinmei's reputation does not only exist within Haihan, most of the money bank bosses in Zhejiang have also heard that the official in charge of Haihan Bank is a woman, and her methods are quite powerful. Although businessmen generally do not have the stereotype that "women can't take care of accounts", it is enough to make people feel shocked that a woman is actually behind the scenes in a well-known big money bank like Haihan Bank.

How rich the Haihan Bank is, just like how high the combat effectiveness of the Haihan Army is, is a puzzle that is difficult for the Ming people to have a specific answer. However, some big businessmen who have a close relationship with Haihan have had the privilege of visiting the vault of Haihan Bank on Zhoushan Island, and it is said that there are millions of cash reserves available for use at any time, and even if there is any emergency, another million cash can be transferred from Fujian within three days, and the funds can be described as very abundant, and this is only the branch of Haihan Bank in Zhejiang.

(End of chapter)