During the current Qing Dynasty, the domestic financial and banking industry was roughly divided into two parts:

The first part is foreign-funded banks established in the country by foreign governments or consortiums.

These banks have strong financial strength and can engage in settlement, investment, acquisition, etc. in the Qing Dynasty without any hindrance. They are especially keen on the development of the Qing Dynasty's railways and mineral resources.

HSBC and Liru Bank in the UK.

Japan's Zhengjin Bank, Mitsui Banking Corporation.

French bank Crédit Agricole.

Deutsche Bank in Germany.

Citibank of the United States.

Russia's Huadosheng Town Tour

In addition to engaging in domestic and foreign currency settlement, banknotes, issuing national or corporate bonds, they also made loans to the Qing government.

The second part is domestic banks.

The current banking industry under the Qing government is very backward, all government-run and in the ascendant.

Daqing Bank (account bank)

China Commercial Bank.

Beiyang Baoshang Bank.

In addition, domestic private capital mainly consists of banks.

Famous banks are represented by the following ones.

Rishengchang Bank

Bozhou Bank

Nanjing Lane Bank

Wuhu Bank

Dade Chang Bank.

"According to Uncle Shi's description, we in the Qing Dynasty do not yet have a truly private bank?" Chen Tianhua asked.

"Yes, currently private capital is the bank." Chen Zongyu said:

“The banks are mainly more convenient in terms of settlement and lending, and branches have been opened in towns and villages in Jiangsu and Zhejiang.”

"If we establish a bank, it will be the first private bank in China." Chen Tianhua couldn't help but sigh.

"It can be said that we have become pioneers. The first person who dares to eat crabs has great uncertainty." Chen Zongyu said:

"At present, the financial system in the Qing Dynasty mainly consists of imperial capital, mainly the treasury, foreign capital from the West, and private capital from various domestic firms. The Bank of the Qing Dynasty represents the imperial capital, but it is currently in debt and has to pay compensation.

Just like Mount Tai, the operation of the Qing Bank is actually completely dependent on foreign capital."

"So, in the current Qing Dynasty, foreign capital is actually in control of the situation. They are the only one. Even the Commercial Bank opened in Shanghai and the Baoshang Bank opened in Tianjin are actually Sino-foreign joint venture banks, and they are still dominated by foreign capital.

."

Chen Zongyu's words completely revealed the very real and cruel economic veil of the current Qing Dynasty, shaking to the ground like a fig leaf.

That is to say, China has been completely reduced to a colonial country since the Xinchou Treaty, and the feudal court of the Qing Dynasty was serving and working for foreigners.

Later historians believed that the late Qing Dynasty at this time was in a semi-feudal and semi-colonial state, which is to be polite.

From Chen Tianhua's point of view, this is just putting a fig leaf on his face, and in fact it has basically reduced him to a colonial country.

Think about it, a country's financial system and economic lifeline are controlled by foreign governments and consortiums. How to develop the national economy and national industries?

In this era, if you want to develop national industry and commerce, you need to have advantages in several aspects at the same time.

On the one hand is the source of raw materials and where the products are sold.

On the other hand, there are advantages in geography and transportation.

The most important thing is government-led policy support, as well as a large amount of construction and working capital.

No matter what system the country is under, whether it is liberal capitalism, state capitalism, capitalism under a constitutional monarchy, or a feudal country with an autocratic monarch.

If they want to develop the national economy, heavy industry, light industry, commerce and other things, they cannot violate the laws of the market.

The greatest manifestation of the laws of the market is money, the real gold and silver in all economic activities.

Because the Qing government had no money and its treasury was empty, the autocratic monarchy system was actually completely out of control of national governance. The state planned economy was almost zero, leaving only the liberal economy of capital, left to its own devices.

In the capital economic model, if you want to develop industry, you must respect the laws of the market. If you have money, you can do many things, but if you don't have money, you can't do anything.

Since we have lost our national capital, we must strengthen our national capital and not allow foreign governments and consortiums to exterminate the Chinese nation and enslave us.

First of all, financial institutions must have their own banks, commercial banks with predominantly private capital.

At present, there are hundreds of various types of officially registered financial institutions in China, all of which are old-fashioned banks, banks, etc., which are not the same thing as modern banks.

But if these banks and banks can be united to form a joint bank to compete with foreign banks, there will still be a place for them.

To establish a United Bank, awareness alone is not enough. You also need to have financial strength and charisma to be the initiator.

Now, I can only start from scratch, step by step.

"Uncle Shi, I still prefer to set up a commercial bank. If it is set up as a bank, it will be meaningless. The key question is, what are the main aspects of our banking business?"

Chen Tianhua waited for Chen Zongyu to finish introducing the current banking industry situation, and after some serious thinking, he asked a very pointed question.

That is the issue of survival and development of new banks at this stage.

"Of course we do large-scale transactions, including those from the government, foreign businessmen, famous local companies, and dignitaries."

"As soon as the bank opens, if your father-in-law supports you in opening a bank, then the military salaries and military expenditures of his New Army First Association, as well as the province's armament expenditures should be placed in our bank, as well as the money of my own company, and many friends around me.

, they will also leave their money with us.”

"The focus of our banking business is of course bonds, large customer deposits and settlements, and deposits and loans to large entities. You see, the Jiangnan bonds issued last year have increased many times."

Chen Zongyu's eyebrows were dancing and he spoke eloquently.

The key customer strategy, bond agency and issuance he talked about are indeed the highlights of all banks and banks at present.

But the competition is extremely fierce.

With these ideas, or running on these tracks, crashes or even rollovers are inevitable.

Newly established banks often have no foundation when entering the industry and do not have particularly strong funds, so they are easily stifled by competitors.

"Uncle Shi, I personally think that the bank we run should have its own characteristics. We should use our strengths to avoid weaknesses and find new ways."

"Oh, tell me." Chen Zongyu took a sip of tea and looked at Chen Tianhua with interest.

"Uncle Shi, you see, at present, the domestic banks and banks have determined their service targets and targets to be dignitaries and wealthy merchants, and they wholeheartedly provide them with deposits and withdrawals, off-site settlement, operating capital loans and other services. However, in

This track seems very crowded.”
Chapter completed!