Now Shanghai's dignitaries and wealthy ladies have all participated in the rubber market. A large amount of gold and silver jewelry has been mortgaged and sold to buy stocks. The income earned from serving as an official has also been used to buy stocks.
At the home of Chen Yiqing, the owner of Zhengyuan Bank, he invited Dai Jiabao, the owner of Zhaokang Bank, and Lu Dasheng, the owner of Qianyu Bank, to discuss the rubber market.
After some polite greetings, Chen Yiqing, the host, was the first to ask, "What do you think of the rubber market this time?"
"Many people have made a fortune this time due to the huge price increase in rubber. It's unclear whether the price can continue to rise now." Lu Dasheng from Qianyu Bank replied.
"Yes, I also feel that the increase in rubber this time is a bit too fast, and I dare not go into the water to test it." Dai Jiabao also expressed his opinion.
After hearing what they said, Chen Yiqing talked about his investigation. "I didn't believe it before, but I sent someone to investigate and found out. The United States imported 71 million taels of rubber last year, and England also imported
We paid 11 million taels, and the rubber market in other countries is worth hundreds of millions of taels a year. Not to mention that the price of rubber is now 6 taels and 1 tael of silver per pound, and the production cost is very low, so it is a profitable business."
When the two heard the results of Chen Yiqing's investigation, they knew that this man was also interested. "So according to Brother Yiqing's wishes, let's do it last time?"
"That's what I think. Just relying on our three banks may be a bit too small. I plan to find five banks, Senyuan, Yuanfeng, Huida, Xieda, and Jinda, which have close relations with each other, to do it together. We will be the host and they will be the helpers.
, take a look at it."
The two of them heard what Chen Yiqing meant. It seemed that this person was planning to do something big. Dai Jiabao wanted to know how much money he planned to do, so he asked. "Brother Yiqing, there is a financial backer standing behind you. If it's less, it won't make sense."
Alright."
The financial sponsor Dai Jiabao mentioned is Shi Dianzhang, who was previously the prefect of Guangzhou and was later transferred to the general revenue and expenditure position of the Sichuan-Hankou Railway Company. He is in charge of this railway company raised by the Sichuan people. Now he has 3.5 million railway construction funds in hand, which is in Chen Yiqing's bank.
He put 2 million yuan in it for him to manage, making him a veritable big benefactor.
"The total of the three of us only has 6 million taels, which I think is still too little. I plan to have tens of millions of taels to make the rubber plate."
After hearing Chen Yiqing's words, the two of them felt in their hearts that this man was really ambitious and wanted to control the pace of the rubber market.
Seeing the silent two people, Chen Yiqing asked, "Do you dare to have a try with me? As long as we succeed, we can both make a fortune."
Lu Dasheng, who was stirred up by Chen Yiqing, replied, "Brother Yiqing wants to do something big, so I will be your guarantee. After all, you also have a share in my Qianyu Bank."
Dai Jiabao, who was awakened by Lu Dasheng's words, secretly cursed "confused". Chen Yiqing also had a share of his own bank, which was not a small amount. Now he could only accompany him for a while. He also said, "I am also willing to accompany brother Yiqing."
Take a walk.”
After seeing that both of them agreed, Chen Yiqing said with a smile, "It's cool, then we can have sex with him."
After delivering a heroic speech, Chen Yiqing continued, "After you two go back, you can issue more banknotes to raise some money. We will make up for it with the money we make."
After some discussion, the two left the Chen family and prepared to go their separate ways. After seeing them off, Chen Yiqing went to the study and planned to write to Senyuan, Yuanfeng, Huida, Xieda, and Jinda, five banks with close contacts.
Letter, let them come in and join us in the booming rubber industry.
Within two days, Chen Yiqing's letter was placed in the hands of Yan Yibin, the owner of Senyuan Bank. This Yan Yibin was a popular businessman, and he was "extremely popular". He owned three banks, one was Senyuan Bank, and the other was called Yuan.
Fengrun Bank, and another one called Yuantong Bank. You can see how "extremely popular" he is in this Yuan Fengrun Bank.
Yuan Fengrun is the largest bank in Shanghai and one of the largest banks in China. It has branches in Hankou, Tianjin, Beijing, Guangzhou and other places. It has 17 branches across the country. In his bank, not only ordinary people
The people's deposits also absorbed a large amount of government funds, including customs duties and regular war reparations paid to the great powers. There were usually tens of millions of taels of silver circulating in Yuan Fengrun.
After reading Chen Yiqing's letter, the popular Yan Yibin was also thinking about the gains and losses secretly. The good performance of rubber now made him excited, but the risks involved were also clear to him. After thinking for a while, he finally became greedy.
This deceived the red-top businessman, and he wrote back to Chen Yiqing to support Zhengyuan Bank's speculation.
Chen Yiqing, who was waiting at home, received a reply from these five companies, saying that they were all willing to enter the rubber market together. Chen Yiqing was overjoyed when he heard the news. Now he is high-spirited and has the courage to guide the financial world.
Subsequently, a large number of funds from banks entered the market. Among them, Chen Yiqing's Zhengyuan Bank, Zhaokang Bank, and Qianyu Bank invested 7 million taels of silver. The stock price reached a new high. Shanghai's star stock Willis Rubber stock exceeded 500 taels in one fell swoop.
mark.
At this time, the banking industry, represented by HSBC, announced that it would accept loans pledged by the stocks of 14 rubber companies including Willis. Later, Chinese banks followed suit and also announced that stocks could be used as collateral. Here
Stimulated by the two pieces of good news, the crowd went completely crazy, unable to listen to the voices of persuasion, and a large number of people began to mortgage their shares to buy stocks.
Seeing the gradually rising prices, Nestri and others felt that it was almost done. Nestri arranged for two assistants from Willis Company. "We can slowly release our stocks. I believe there will be good gains."
"I'm going to release our shares right now." The previously impatient Stocker fully agreed. He was frightened by the current stock price, and the current issue price of ten times made him feel uneasy.
"Stokel, don't be impatient. We have a lot of stocks in our hands. Three to four months is a reasonable release time. We must release them safely and slowly." Seeing his eager mood, Sterry warned him again and again.
Speaking of.
"Okay, I will pay attention and not let others find out." Seeing Stree saying solemnly, Stocker also knew that the matter was important, and it related to whether they could evacuate safely.
"Felix informed the other group of the news that we had started releasing stocks so that they could coordinate with each other."
"Okay, I'll bring the news to them." Felix replied to Sterry's arrangement.
The subsequent slow release of their stocks did not cause any ripples in the frenzied stock market. By the time they were fully released in April, Willis' stock price had exceeded the 1,000 mark. Now Shanghai, the largest financial center in the Far East, has also
Trapped in a cashless situation.
Now Stry and the others know that they need to prepare for a safe evacuation.
