To be honest, as early as decades ago, Japan had repeatedly manufactured and printed banknotes issued by China in order to impact the Chinese market and try to economically bring down China's financial system.
Due to the policy of seclusion, China, which was originally the world's number one, failed to catch up with the Age of Discovery, and subsequently became a backward and ignorant country. Therefore, in modern times, China was also bullied in turn by Western powers.
However, a century of humiliation has not defeated the strong Chinese people. The Chinese people are also constantly learning and making progress.
The same is naturally true for the economy. China's economy began to develop somewhat in the early twentieth century. And with the changes of time and social and economic development, the previous silver exchange system became increasingly unsuitable for economic development.
Scale and speed.
Therefore, successive governments have tried to replace the silver-based financial system by issuing banknotes. Unfortunately, they have never had good results, and sometimes they are even full of jokes.
One of the main reasons for this is that the printing technology of successive Chinese governments was too backward, and as for anti-counterfeiting technology, it was basically non-existent.
Therefore, as long as one kind of banknote is issued, counterfeit banknotes will definitely appear within a year and a half.
If these counterfeit banknotes appear on the market, the final result will naturally be that the banknotes issued by the government will depreciate rapidly and no longer have any circulation value. Therefore, the government has no choice but to give up.
But anyone who knows a little bit about economics will understand that every time a banknote is issued, it will cause shocks in the country's financial market. If it is abandoned halfway, it will have a serious impact on the country's financial market.
Therefore, for so many years, China's banknote issuance has not been smooth, and the biggest culprit here is the Japanese.
Although the Japanese were also opened to the country by the United States with strong ships and cannons, the Japanese have a fine tradition, which is to call anyone who is outstanding "Dad".
After they realized how powerful Western countries were, they immediately began to learn from them.
Therefore, the Japanese banknote manufacturing technology and level are far superior to China's. Therefore, as soon as China issues banknotes, they can copy and print them in a short time and then put them into the Chinese market to attack China's economy.
For example, in 1897, China's first commercial bank, China Commercial Bank, was established, and it was also China's first bank to issue banknotes.
Although on the surface the Commercial Bank of China is a commercial bank run by the private sector under the supervision of the government, it is actually equivalent to the national bank of the Qing Empire.
Moreover, at that time, China Commercial Bank completely followed the management system of HSBC in the UK for management, and even the banknotes it issued were printed in the UK.
But in February 1903, news suddenly spread in Shanghai about counterfeit currency from China Commercial Bank. Some people said that a clerk from a certain bank was discovered on the spot when he went to the bank counter to exchange the banknotes from China Commercial Bank.
It's counterfeit money.
Some people said that when they went to buy things with Bank of China banknotes, the shopkeeper discovered that the banknotes were counterfeit.
The next day, the Commercial Bank of China also announced that they were issuing counterfeit five-yuan and ten-yuan banknotes, and even stamped the counterfeit banknotes with the stamp of "counterfeit currency." They then posted instructions on how to do this at the doors of each business department.
Instructions for identifying genuine and counterfeit banknotes.
As the news came out, it immediately caused an uproar. In addition, people's trust in banknotes was not high at that time, so all the major shops on the market refused to use China Commercial Bank in an instant.
of banknotes.
Even those who originally held the Bank of China banknotes all flocked to the Bank of China and asked the bank to exchange cash for them, which directly led to an unprecedented bank run.
At that time, there was a sea of people in front of the China Commercial Bank, and the situation was almost completely out of control. When the people from the patrol house in the concession discovered the chaos, they immediately rushed to suppress it. However, the people from the patrol house even used fire hoses to disperse the crowd.
Still to no avail.
In order to stabilize its credibility, the Commercial Bank of China decided to take the method of retrieving gold and silver from its inventory and dismantling it in other banks, allowing people who hold banknotes to redeem it at any time, and even extended its business hours to
This is to stabilize the mood of the people.
At the same time, they immediately investigated the source of these counterfeit banknotes, but in the end nothing was found.
Because at that time, the British HSBC Bank was responsible for the printing work of China Commercial Bank's banknotes. They also believed that the Chinese had no concept of counterfeit banknotes at all, so it was impossible to have such technology.
Just when everyone was very upset, a Japanese actually came to the HSBC Bank in the UK with four thousand dollars of counterfeit banknotes to exchange, and was later spotted by HSBC staff on the spot.
The people from the patrol house in the concession immediately took this as a breakthrough, arrested the Japanese, and then interrogated him.
This Japanese was not a tough guy, and he quickly confessed. It turned out that this Japanese was named Nakai Ginosuke. He teamed up with several Japanese ronin in Osaka to forge a large number of counterfeit China Commercial Bank notes in Japan, and then divided them into batches.
It was transported to Shanghai and then flowed into the market through various Japanese trading companies in Shanghai.
Subsequently, people patrolling the concession house found a large amount of counterfeit money that had not been used at Nakai Ginosuke's residence in Shanghai.
Because this matter involved the Japanese, neither China nor the concession had the right to deal with it, so the people from the Chinese Embassy in Japan had no choice but to communicate the matter with the Japanese.
Then the Japanese police also captured several of Nakai Ginosuke's co-defendants and confiscated the printing machine for making counterfeit banknotes and a large number of counterfeit coins.
As for the follow-up, there is actually no follow-up. Because the other party is Japanese, China has no right to participate in the arrest or trial.
But in the end, the Japanese informed the Chinese about this matter, but the final reply from Japan was that since Japanese law did not provide for the counterfeiting of other countries' currencies, it could not be punished.
Therefore, this also allowed the criminals who produced China's first counterfeit banknote case to finally escape the severe punishment of the law.
And this is the so-called weak country without diplomacy!