Chapter 958 Incorruptible as Water

Author: Jiangsu Daozi

Chapter 958 Incorruptible as Water

When Song Minghao heard Zuo Zhong asked him to elaborate, he tilted his head forward slightly, glanced at everyone, and said mysteriously: "Deputy Chairman, after the outbreak of the Sino-Japanese War, the economic situation in various places was very chaotic.

Stimulated by the chaos of wartime economic order and huge profits, financial crimes began to spread in mountainous financial markets, and the domestic foreign exchange, foreign exchange, gold and insurance markets were the most serious crimes."

Domestic foreign exchange, foreign exchange, gold and insurance?

These four words flashed through Zuo Zhong's mind, and he waved to his subordinates to sit in the reception area. Well, Deputy Director Zuo is so realistic. If you can think of a way, just sit. If you can't, just stand.

Everyone sat down one by one, Song Minghao licked his lips and followed what he just said: "I have some friends in my humble position. According to them, manipulating the black market exchange rate is the most common method in the mountain city's internal foreign exchange market.

Last year, the national government began to restrict remittances from mountainous cities to coastal areas and maintained a low exchange rate. As the amount of remittances became smaller and smaller, commercial banks began to manipulate the exchange rate as their profits decreased.

As a result, a domestic foreign exchange black market emerged. Banks in mountainous cities used funds from branches and branches in various places to conduct arbitrage, deliberately lowering the exchange rate in one place and raising the exchange rate in another place, thus obtaining a large amount of additional income.

For example, there is a black market exchange rate between Shancheng and Chengcheng. The exchange rate in Shancheng is 1,000.5 yuan, and the price in Chengdu is 988 yuan. This is still a small amount. After all, some small banks have little access.

Those with backgrounds, such as Yexi, Hecheng, Chuankang and other 13 commercial banks, can achieve profits of more than 300 yuan per thousand yuan in business operations, which makes many remittancers complain endlessly.

These arbitrage techniques are all bizarre and seriously violate the national government's "Interim Measures to Facilitate Domestic Foreign Exchange", which stipulates that remittance fees shall not exceed 1 yuan per 100 yuan, and fees exceeding 100 yuan shall be approved by the government based on local conditions.

Therefore, similar businesses must have someone in the government. The biggest backend behind the dozen banks I just mentioned is our Deputy Director Xu, who has repeatedly used the name of the Central Government to excuse them."

Zuo Zhong couldn't help but take a breath. It was really shameful. He could earn 300 in tears for a thousand remittance. The profit from this kind of no-cost business was nearly 30%. No wonder they all said that opening a bank made money.

However, Song Minghao does have some skills, and he was able to receive such hidden information. He probably had connections from his previous arms business in Jinling, and he was very good at dealing with all kinds of religions.

And Xu Enzeng, this bastard spends his days drinking, drinking, and sensuality. It turns out that he exploits the remitter's hard-earned money. How much of the 300 profit can he share? I'm afraid it's at least half.

On the other side, Song Minghao swallowed: "Then there is foreign exchange. Also last year, foreign banks first broke the national government's "Approval Measures for Purchasing Foreign Exchange", which stipulates that all foreign exchange transactions must be approved by the central bank, buying and selling foreign exchange privately.

A black market emerged.

At the beginning of this year, a large number of foreigners brought huge amounts of U.S. dollars, pounds, francs, Japanese yen and even poisonous rupees to circulate in the black market of mountain cities. Speculators immediately drove up the prices of these currencies, and the foreign exchange black market broke out on a large scale.

Last month, the US dollar exchange rate rose by about 15%, the rupee also increased by about 10%, and other currencies also rose. It has become a common phenomenon for the exchange rate to change three times a day. Many companies engaged in foreign exchange speculation made hundreds of dollars in just one month.

Ten thousand.

Such huge interests have naturally aroused the covetousness of many people. If these speculators did not have official help, they would have been wiped out long ago. Privileged departments like the Central Government have become the targets of many people.

Xu Enzeng, as the deputy director of the Central Committee of the Communist Party of China, earns tens of thousands of yuan in income from this aspect alone every month. Director Zhu and Dongxin also received a lot of benefits, and they are quite rich. This is almost an open secret within the government.

"

"etc."

Zuo Zhong frowned when he heard this, and asked angrily: "How come I haven't heard of this? They are afraid of the Central Unification, aren't they afraid of our Military Unification? This is simply unreasonable."

Song Minghao shrank his head and replied awkwardly: "Vice-in-Chief, you rarely interact with the outside world. In addition, you have killed so many people before. Many people think that you are as incorruptible as water, so they did not come to see you."

Deputy Director Zuo became anxious and immediately scolded him: "What do you mean, Zuo has always been a cool man? This is a well-known fact. Even the committee members have praised me many times."

After saying that, he reached out and slapped the table hard with a ferocious expression: "The problem is that I don't have to give it, but they have to give it. I don't care about the money, what I care about is the face of our military commander.

If we let others know that they give to the Zhongtong and not to the military, wouldn’t we be putting ourselves at a disadvantage to those bastards in the Zhongtong? This is unacceptable, why didn’t you remind me earlier?”

Forehead.

Everyone present lowered their heads. The foreign exchange merchants did not dare to approach Zuo Zhong, but if they came to them, without the acquiescence of the military commander, those merchants would not dare to do business in the mountain city even if they had a hundred heads.

Their reaction stunned Zuo Zhong, and then he realized that he was an "alternative", contrary, contrary, these guys dared to collect money privately without telling him, how much less souvenirs would he receive!

Covering his heart in distress, Zuo Zhong sat down on the sofa and weakly pointed at everyone: "You, you, oh, next time something like this happens, you must report it in time, no one can be special.

It doesn't matter whether we have money or not. What's important is the friendship between us. We are all brothers in life and death. We must advance and retreat together. We can't make people think that our military is not united. Lao Gu, are you right?"

"You're right, Deputy."

Gu Qi took the lead and responded, but was embarrassed to explain: "The other party has just been found. Since you only talked to Lao Bai before, we didn't dare to tell you. We originally planned to report to you after a while.

Don't worry, I'll notify them right away to come and visit. These foreign exchange merchants are very powerful and have given away several houses in the city alone. If Mr. Zuo and the others come back in the future, you can arrange it easily."

Zuo Zhong's face looked a little better now. It turned out that the two parties had just started to contact each other, so it would be fine. However, he would not ask for a house in the mountain city. He would still stand firm and the gold bars that could be knocked were the most real.

He straightened his hair, which was a little messy due to excitement, and looked at Song Minghao: "Old Song, go on, listen to what you mean, Xu Enzeng is involved in domestic foreign exchange, foreign exchange, gold and insurance?"

"Yes."

Song Minghao nodded and explained all the ways Xu Enzeng made money: "The main profit method of the mountain city gold black market is gold speculation. The national government promulgated the "Measures for the Exchange of Gold into Legal Currency" as early as September 26 of the Republic of China.

It is stipulated that the exchange of legal currency for gold must be traded according to the central bank's market price. However, the black market price of gold in various places quickly exceeded the central bank's market price. By November of that year, every tael of gold rose to about 130 yuan.

This year, the government promulgated the "Measures for Banning the Collection and Sale of Gold", which stipulates that gold trading can only be operated by government agencies. However, the private demand for gold is very large, and many commercial banks trade gold privately.

The Shancheng Police Station discovered that various branches of Shancheng Meifeng Commercial Bank were secretly engaged in gold transactions. The other party privately purchased and sold privately produced gold worth tens of thousands of taels. Zhongtong personally sent people to suppress the matter.

Bai Wenzhi refused to give up and wanted to take the opportunity to make a fortune, but Xu Enzeng scolded him on the phone, saying that Meifeng Bank had helped the government transfer a lot of funds and had made contributions to the anti-Japanese war and could not be investigated and punished at will.

But the truth is that the person surnamed Xu had an extra US$30,000 in his HSBC account, and his wife also bought more than a dozen shops in the city, and there must be interest transactions among them, and even Xu Enzeng is a shareholder of the bank."

Zuo Zhong gritted his teeth and said with an upright look (envy, jealousy and hatred) on his face: "This worm, did he use the power given to us by the party and state in this way? I, Zuo, are incompatible with this kind of behavior that harms the public and enriches private interests."

!”

"Yeah yeah."

Everyone agreed and scolded Xu Enzeng with indignation - Meifeng Bank did not contact the military commander for some unknown reason. Since it was not a customer, it was hard to criticize him enough.

Song Minghao waited for everyone to finish scolding, and then introduced: "After the war, the insurance market in Shancheng flourished for a time, and the number of insurance companies increased from two or three before the war to 13.

However, illegal activities are not uncommon. The "Wartime Insurance Industry Management Measures" clearly stipulates that companies operating insurance are not allowed to concurrently operate other businesses, and insurance premiums must be charged in accordance with the industry's public standards.

However, some insurance companies privately set premium rates in the process of handling business, fail to follow unified regulations, and absorb funds from the black market, or recruit insurance without authorization in the black market.

For example, Tai An Feng Insurance Company privately charges additional fees to policyholders. At the same time, many speculators have used Tai An Feng to finance and speculate in U.S. dollars, gold and commodities.

The other party also had close business contacts with the banking industry and used banks to promote funds to obtain additional income. Strangely, all of these funds suffered losses without exception, and investors suffered heavy losses.

In addition, Tai Anfeng also used the premiums collected to engage in commercial transactions, transfer short-term high-value loans, act as a real estate and land and water transportation broker, and buy and sell foreign exchange gold on the black market, etc.

Relying on these illegal profit-making methods, Tai'anfeng Insurance Company's profit far exceeds ordinary people's imagination, and according to its registration with the government, one of the shareholders is Xu Enzeng's brother-in-law."

After introducing the general situation, Song Minghao made a decisive suggestion: "If the person named Xu is having trouble with us, then we will attack those domestic foreign exchange banks, foreign exchange merchants, Meifeng and Antaifeng, and completely cut off his funding channels.

This group of people only cares about money. Once they find out that Xu Enzeng caused their losses, they will only have two reactions, either to fall out with our military commander, or to squeeze Xu Enzeng out, or a combination of both.

According to my guess, the other party is likely to choose the second path. Businessmen seek advantages and avoid disadvantages, and making money is the first priority. However, we are stronger than Zhongtong and receive more attention in front of the committee!"

"Pah~pah~pah~"

Everyone present applauded, and Zuo Zhong also showed a satisfied smile. Song Minghao was right, those businessmen would definitely choose the second path, because no one would be willing to be buried with a sunken ship.
Chapter completed!