Volume 1, Chapter 68: Financial Disaster (Part 1)

A hundred years later, an Australian Chinese writer, Sher, wrote a book "National Destiny 1909", which included this introduction: "Under the 'official profit' system, investors who are unfortunate enough to become shareholders will drain the fish and kill the goose to get the eggs."

In order to make short-term arbitrage, it was difficult for the Qing Dynasty to establish a company system based on contract and legal system!

This passage summarizes the root causes of the Shanghai stock market crash in the late Qing Dynasty.

One on the Bund Shanghai Stock Exchange (the Shanghai Stock Exchange at that time.) In the past year, as the United States across the Pacific has made great strides into the automobile age, the price of rubber on the London Stock Exchange has been rising, and Southeast Asia has become

Shanghai is a hot spot for investment in the rubber industry and has become the best place for financing.

Rubber stocks were a new thing spawned by the New Deal in the late Qing Dynasty. The stocks were issued in Shanghai, but the stocks were issued by European and American companies. The industry represented by the stocks was in Nanyang.

On March 10, 1909, there was a crowd of people in front of Citibank. The most popular rubber stock in the Shanghai market, the "Wanlilai" International Rubber Industry Group Company from the United States, issued another 30,000 new shares.

Standing on the balcony of Citibank, Fang Jianxiong, with a smile on his face, looked at the crowds of people below. Foreigners with short hair and Chinese with pigtails gathered together. Everyone, regardless of social status, was equal!

Fang Jianxiong's limited historical knowledge limited his grasp of the pulse of this trend. Fisher made a decisive trip to Wuhu two years ago. After a long conversation, Fang Jianxiong agreed to Fisher's plan and finally made a profit.

One vote.

Prior to this, Fisher successfully conducted a series of market operations. Wanlilai Rubber Group was successfully described as a company with 20,000 acres of rubber plantations, a large rubber processing plant, and a long-term stable supplier to American automobile companies.

Large rubber company.

Fisher successfully learned from Fang Jianxiong's approach at the talent recruitment fair, and through overwhelming newspaper publicity, supplemented by the testimonies of hundreds of "profit-making shareholders", Wanlilai Stock successfully implanted the concept of "once you own a fortune, you will make a lot of profits!" into speculation.

deep in the heart of the person.

The door of the bank slowly opened, and the crowd began to commotion. The patrolmen who maintained order promptly waved wooden sticks to stop those who tried to disrupt the order. It was obvious that scolding could no longer stop people's enthusiasm for rubber stocks, and finally a few unlucky guys

He was pulled out of the crowd by the patrolmen, pushed down and given a beating with sticks. The crowd was frightened and the order of the team was guaranteed.

"Let's go, stop watching!" Fang Jianxiong calmed down and was not too excited. Although his stomach was full after this feast, more national capital was stolen by Western speculators, and the country's vitality was lost.

Of course, from another perspective, this disaster intensified the plight of commercial railways and the Qing government’s determination to nationalize railways. (Author’s note: The main reason for the nationalization of railways in the late Qing Dynasty was the failure of commercial railways. Provinces in the name of patriotism

The business gentry under the banner of the Qing Dynasty played a disgraceful role in the trend of commercial railways. The nationalization of railways triggered the road protection movement, and the Qing government was embarrassed as the main reason. Then, in 1912, when the Republic of China government took over the task of nationalizing railways

When the banner was under the banner, the appearance was uglier and the conditions were more stringent, but private capital did not respond much. It is really paradoxical!)

"I have pretty good coffee here, would you like some?"

Douglas is full of success. In the past year or so, Citibank's business in China has developed rapidly. First, the shares of Wanlilai Rubber Group were handed over to Citibank for issuance. Secondly, with the efforts of Mr. Douglas, the trade with China has developed

Rapid development. The most important thing is that Eurasia Group used a hidden method to change hands with Wanlilai Rubber Group registered in the United States and borrowed one million US dollars from Citibank, and all the money was used to obtain a loan from Citibank.

Purchasing machinery and equipment in the United States.

The huge performance made Douglas very popular within Citibank. The United States, which has always advocated the "open door" policy, has been hampered in its expansion in the Far East market because it does not have a strong military force to back it up. Even though it was said that it was dry, the results were very fruitful.

With the sudden rise of Micro Douglas, American capital became a unique bright spot when the Far East market was in turmoil! It was also a huge bright spot! It also successfully attracted the attention of the US government.

Some analysts in the United States believe that the reason why the business of American capital in China is bleak is largely because the Chinese Exclusion Act has hurt the self-esteem of the Chinese people! In order to mend Sino-US relations, and because they are jealous of more Chinese students going to Japan, they are eager to

To expand the influence of the United States on China’s elite, the United States officially launched the Boxer Indemnity Program for studying abroad in 1908.

Analysts believe that the Boxer Reparation Act to study abroad successfully made up for the negative impact of the Chinese Exclusion Act and gave birth to Mr. Douglas’s success.

Mr. Douglas sneered at the views of analysts in newspapers! Mr. Fisher told Douglas the truth with facts. When doing business in China, you must first understand that this country is a humane society. Then you can talk about other things! Because of the acquisition of China

With the trust of the wealthy businessman Fang Jianxiong, under the guidance and funding of this "Chinese legend", Fisher's investment in the rubber plantation in the Philippines received huge returns. Of course, Douglas was also very aware of the fact that the rubber plantation in the Philippines

At this stage, only 5,000 acres of rubber saplings have been planted, and the other 15,000 acres are still in a tropical jungle state.

But all this did not affect Fisher's assistant John in raising hundreds of thousands of pounds in the British market, and then invested the money in the expansion of the rubber plantation. He then successfully raised funds in the Shanghai securities market and issued new shares again!

Douglas has seen the raw materials of Wanlilai Rubber Group, and Fang Jianxiong owns 80% of the shares of this rubber company. This means that the Chinese man named Fang Jianxiong in front of him is worth at least five million taels of silver.

In other words, the secretive success experience summarized by Douglas is that the main factor for success in China is to find a suitable collaborator and maintain a close and good relationship with it. Next, the Chinese people who value favors more than interests

, will bring you a steady stream of rewards.

"No, thank you, I think I should go back!" Fang Jianxiong declined Mr. Douglas's invitation, adhering to his usual low-key style, with a smile on his face and a humble tone.

"That's such a pity. I'd like to invite you to lunch!" Douglas felt a little regretful, feeling that Fang Jianxiong's trust in him was not too high so far. What was enviable was Fisher, who got

This can be clearly seen from the fact that in the past year, Fang Jianxiong rarely came to Shanghai and handed over the rubber industry to Fisher.

"Next time, I've booked a boat ticket to Qingdao tomorrow!" Fang Jianxiong smiled and waved goodbye. When Douglas arrived at the door, he asked casually: "Are you going to Qingdao?"

"I'm just passing through Qingdao. I'm going to Jinan. The current governor of Shandong is my teacher. I want to see him." Fang Jianxiong had no intention of hiding it.

"So that's it, then I wish you a safe journey!" Douglas nodded slightly, and Fang Jianxiong got on the carriage and left Citibank through the side door. Douglas, who looked calm, was not calm at the moment. Fisher told him that Fang Jianxiong came to Shanghai this time.

He also brought a huge business, he wanted to build a railway from Jiangning to Anqing. It is said that all aspects of the relationship were basically confirmed.

Douglas believes that if a qualified businessman misses such an opportunity, it is tantamount to committing a crime, a crime against himself!

Fang Jianxiong on the carriage closed his eyes and seemed very tired. Fisher maintained a respectful sitting posture and did not slack off because Fang Jianxiong closed his eyes. At this time, Fang Jianxiong's mind was echoing with the report in the study last night.

"The London market was all withdrawn last month, with an overall profit of 3 million pounds. In the Shanghai market, excluding the issuance of new shares, 5 million silver dollars were invested in capital operations, and the profit was 21.33 million pounds.

Silver dollars.”

"Fisher!" Fang Jianxiong suddenly opened his eyes, and Fisher, who had been sitting upright, leaned forward slightly. For this boss, Fisher's admiration for this boss was far beyond his gratitude to Fang Jianxiong.

"Boss, what are your instructions?"

"Two things. First, you can start setting up a bank with a capital of 10 million silver dollars. I don't care how to do it. You are fully responsible. Second, tell John that you don't need to come to China and go directly to Mexico to find oil.

.I will tell you the specific location later."

Fisher had no doubts about these words, and even asked humbly with a sacred look: "What happens after oil is found?" He actually did not doubt the possibility of finding oil!

"After you find it? This is a question! None of the American oil giants are good! Tell him, after you find it, find an American oil giant to sell it. I need the money so much!" Fang Jianxiong said, looking up and closing his eyes.

Continue to close your eyes and meditate.

Suddenly he sat upright again and said: "Tell Douglas that I may want to build a steel plant. If you are willing to cooperate, I can sell up to 40% of the shares. The designed output of this steel plant is 200,000 tons, and the project is divided into three phases.

The first phase will produce 50,000 tons of steel per year and the construction period will be two years."

"No problem, I think Mr. Douglas will be very willing to cooperate!" Fisher smiled slightly. In fact, it was a pleasure to work under Fang Jianxiong. The rate of return was very high. Fang Jianxiong gave him enough power. Of course, Fisher would not do this.

Some bad thoughts arose, because this boss may bring more than just some immediate benefits. Fisher has no doubt that the future Far East market will be a broad stage provided by the boss in front of him!

c!~!
Chapter completed!