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Volume 2 Beijing Story Chapter 128: A Gamble of Progress and No Retreat

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    Update time: 2012-08-01

    "Why not? The war in Europe is raging, and the United States and Japan are making huge war fortunes. At this time, there is a lot of capital and no place to invest. Since our domestic funds lack liquidity, wouldn't it be a perfect fit to introduce foreign capital?" Wang Geng asked puzzledly.  road.

    "Hey! Brother Wang! My Supervisor Wang! Stop teasing these old brothers. Who doesn't know that foreign banks are very powerful. Private capital in Jiangsu and Zhejiang, especially financial capital, was mostly started as compradors for foreign banks and foreign banks in the early days.  , they are well aware of their capitalist system, and it is absolutely not feasible to introduce foreign capital into China's state-owned banks. Foreigners are much more ruthless than us, and they will seek control when they come in. In the future, we will lose our autonomy in mergers and reorganizations.  , The wealth that domestic banks have managed to accumulate is not enough for others!" Song Hanzhang said with a bitter look on his face.

    Wang Geng¡¯s idea really shocked the three of them. Lu Ding also shook his head and objected,

    "Brother Wang, I have never heard of foreign capital participation in the National Bank, let alone foreign capital control. This means that one's economic lifeline has been handed over to the control of foreign devils. Chinese financial bankers have struggled all their lives and cannot return to old age.  Go on to work as compradors and lackeys for foreigners!¡±

    Zhang Jia'ao's face turned even red, his lips trembled and he was speechless. If the Bank of China was deprived of its controlling stake by foreign capital participation in his hands, then he would still call himself a warrior who would not submit to the Beiyang government. The real  National banker and hero?

    Wang Geng slapped his head and realized that he had acted too hastily. If the Bank of China was just a commercial bank, it would be nothing more than a commercial bank, but now it assumes the role of a national bank together with the Bank of Communications. If it dares to introduce foreign capital in a big way, it will be criticized by domestic public opinion.  The financial world has been criticized and criticized for a hundred times without any help. By then, the big label of betraying sovereignty will probably be slapped on them. No wonder Lu Ding, Song Hanzhang and Zhang Jiayao were shocked when they heard this!

    "Okay, okay, I know what your concerns are, but the first pot of gold accumulated by factory owners or bankers in Jiangsu and Zhejiang when they started their business was mostly earned from foreigners as compradors. Of course, in the end  I earned it from my own compatriots! But the salary and monthly salary bonus are also paid by the boss of the foreign company, right?" Wang Geng chuckled to lighten the atmosphere.

    "Of course it's different. That's not how it works. Chinese people make money and then invest it. Of course it's considered domestic capital, not foreign capital!" Zhang Jiayao said seriously.

    "Okay, that's enough. I, Wang Geng, control the Manhattan Industrial Bank in New York, USA. Since I am an out-and-out Chinese, can the investment in Manhattan Industrial Bank be considered my investment? I will subscribe and underwrite the remaining shares.  Bank of China shares are ready! Brother Zhang, just feel free to raise shares. I will subscribe for all the shares, right?"

    Wang Geng told him his plan. What would happen if he didn't do the business that came to his door? He was preparing to supervise the war and would handle more of the business of issuing public bonds and borrowing money from foreign powers in the future. The money would not go to outsiders. Since Lu Ding  Be it Song Hanzhang, Zhang Jia'ao or Feng Gengguang, if we want to find a new helmsman and captain for the broken ship of the Ministry of Finance and the Bank of China, who else is more suitable besides ourselves?

    Anyway, Lao Duan will never think that he has been recruited with sugar-coated bullets by the Southern Party. Wang Geng believes that Duan Qirui will never look away or worry about this, and since the Prime Minister wants to use him, then he  To help him win over the Ministry of Foreign Affairs and the Ministry of Finance, which have been controlled by the Southern Party members, would be a great contribution to Lao Duan and the Anhui Clique!

    Wang Geng said that he would use his Manhattan Industrial Bank to underwrite the remaining shares, which shocked Lu Ding, Song Hanzhang and Zhang Jia'ao. Didn't they say that the threshold for an American investment bank was only US$50,000? How could that be enough to underwrite the remaining shares?  For Bank of China shares, Zhang Jiayao can raise up to about 5 million yuan. Doesn¡¯t he have to pay about 5 million yuan for the rest?

    With the current exchange rate of the U.S. dollar, at least one million U.S. dollars is enough. Could it be that Wang Geng, a Chinese young man who just graduated from West Point, has already accumulated a million U.S. dollars in the United States?  These days, having a net worth of millions is already quite impressive. Let alone a million dollars, how many millionaires are there in the entire United States?

    "Brother Wang, if the capital is controlled by Chinese people, of course it cannot be counted as foreign capital, it must be counted as our Chinese capital. However, the capital that Song and Zhang raised in Jiangsu and Zhejiang is at most just over 5 million. You have to underwrite the remaining 5 million.  . . . Wouldn¡¯t it be enough for nearly a million dollars?¡± Lu Ding came back to his senses and grabbed Wang Geng¡¯s hand excitedly.

    If Wang Geng really has a net worth of one million U.S. dollars, why wait for next year? Let Meier get engaged to him today, and get married directly when he turns 16 next year, and his position as the mistress of the Wang family will be confirmed.  In order to avoid long nights and many dreams, if Wang Geng were really a million-dollar millionaire.  .  .  sky.  .  .  As Lu Ding was thinking about it, he felt that the air in the room was a little uncomfortable.Used.

    Song Hanzhang and Zhang Jia'ao also widened their eyes, especially Zhang Jia'ao. If Wang Geng wasn't talking big words, he had already earned a million dollars in the United States at this young age. Zhang Jia'ao felt that the experience he was proud of was nothing compared to this guy's.  The difference was too great. The fourth young master of the Zhang family felt like a deer for a moment, his face flushed, and he felt that there was not enough air in the room.

    "This is not surprising. A millionaire is not considered a rich person in the United States. No matter how much money is spent on a war, it is not enough. All the gentlemen are the leaders in the domestic banking industry. Brother Zhang, please go back and give the drafted articles of association."  I have a complete copy. The shareholders' meeting you mentioned elects directors and supervisors. The government's method of appointing the president and vice president among the managing directors is a good one. The president and vice president can only be removed by the shareholders' meeting. Although this is difficult, I think there is a chance to solve it!" Wang Geng said!  He waved his hand.

    "The most important thing is that like the United States, in the future, printing of bills must be done through the issuance of government bonds. Otherwise, banks will always advance funds to the Ministry of Finance. No matter how well-run the bank is, it will not be able to withstand such trouble!" Song Hanzhang glanced at Lu Ding  , categorically said.

    The director of the Taxation Department of the Ministry of Finance spread his hands and shouted, "Old Song, don't look at me so much. What authority do I, a small director, have to let you print money indiscriminately? Wang Geng needs to go and talk to the Prime Minister about this matter."  Wouldn¡¯t it be possible for the great powers to agree to postpone the Gengzi compensation payment? The Ministry of Finance must be able to slow down and repay the debt owed to you within five years!¡±

    "Behind national credit is strength. The European War forced European countries to abandon the gold standard. China's silver standard system will have to be reformed sooner or later. Before that, as Supervisor Wang said, the sooner the country is unified, the better. Now the governors of various places  It is said that local taxes are not paid at all, and military receipts are printed indiscriminately to steal people's wealth. The central government's finance is entirely supported by salt taxes, customs duties and borrowings. If this situation does not change, how can the country become rich and powerful?" Zhang Jiayao patted the armrest of the chair and said.  .

    "Don't worry, gentlemen, you are all the pillars of the country. Whether it is the Ministry of Finance or the Bank of China, we will leave it to you. What I said remains unchanged. Brother Zhang, please go with the scale of 10 million yuan."  For raising shares, I suggest you organize a capable team. In addition to Beijing, Tianjin and Shanghai, you should also go to cities like Wuhan, Guangzhou and Chengdu. Private capital is developed in Jiangsu and Zhejiang. You can even post the prospectus at the township level!  I'll take care of the rest!"

    Wang Geng smiled and said to Zhang Jia'ao. The fourth young master of the Zhang family nodded when he heard this. Zhang Jia'ao lamented that Wang Geng was so heroic and courageous!

    At this time, Lu Ding, Song Hanzhang and he gradually believed that Wang Geng really had a way to get one million US dollars to underwrite the remaining shares. Of course, it was all Wang Geng's own funds. These people subconsciously did not want to go anymore.  After further investigation, everyone recognizes Wang Geng, and has entrusted his fortune and future to this guy who may not be Adou or Sun Quan. At this moment, everyone has made no progress!

    If Wang Geng can really hold 5 million yuan of Bank of China shares, he will definitely be the largest shareholder. With such an outstanding person's endorsement, Song Hanzhang and Zhang Jia'ao looked at each other a few times, and their hearts suddenly filled with pride. For a while, both of them turned their gazes of approval to  Lu Ding, if this guy hadn't patted his chest and said that Wang Geng was a person worthy of everyone's gamble, how could everyone have so many unexpected developments and discoveries about Wang Geng tonight?

    "The prospectus can not only be posted at the township level. In my opinion, the governors in each region are doing their own thing. This prospectus is posted in every provincial capital, so that the governors and their families can also come to buy shares!" Lu Ding's eyes rolled.  Another idea came to me.

    "Lao Lu is right. The governors in various places are like kings of grass in troubled times. Each has led the way for three to five years, but there is no good channel for maintaining and increasing the value of private money. As the largest bank with the most branches among Chinese banks, Bank of China also has  With the background of the Ministry of Finance and the National Bank, the private money of these governors and their families can at least be used to exchange for some shares!" Song Hanzhang slapped his thigh and shouted!
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