Da Ming Tai Shi

Chapter 498 Guangdong, No Money!

With the help of Chen Jinghe, the emerging Medici Bank was naturally listed on the Canton Stock Exchange very smoothly.

This is the first private bank listed on the Canton Stock Exchange besides the Guangdong Bank, and it is also a non-Daming foreign capital bank.

It was also through this listing that Chen Jinghe knew about Chen Yaxi's shareholding in the bank.

A full thirty percent!

The listed stocks accounted for [-]% of the total shares, and of the remaining [-]%, Cosimo Medici, the founder, only had [-]%, and the remaining [-]% was in the hands of Chen Yaxi.

In other words, Chen Yaxi is the biggest shareholder of this bank.

A behind-the-scenes actual controller.

As Chen Yaxi's in-law's family, although the Hu family is not considered a top clan in Guangzhou, they have been in business for many years, and there are many relatives and friends, so they naturally help each other.

Not only did he wantonly buy shares in Medici Bank, but he also brought in a large amount of savings from his relatives and friends, injecting the first substantial start-up capital into the nascent Medici Bank.

And capital always needs a media channel to speak out.

Soon, the young Cosimo imitated the Guangzhou Daily and compiled a business newspaper "Guangzhou Economic News".

In this paper, Cosimo was packaged as a genius.

Yuanyang Wanli came to Daming to go to school, and at the same time founded the Medici Bank from scratch, and braved the wind and waves all the way.

And in order to make his Guangzhou Economic Newsletter sell well, Cosimo also played a trick.

Since it is an economic and business newspaper, wealth will always be the core pursuit of this newspaper.

In this Guangzhou Economic News, Cosimo made a "Medici Fortune List", and found a dozen extremely handsome fireworks girls from Guangzhou brothels, painting boats and other places of fireworks.

what to do?

Interview!

The subjects of the interviews were big and famous businessmen on the ground in Guangzhou. They interviewed their business territory, ascertained their wealth and strength, and then sorted it out and published it on this Medici wealth list.

As for the interview fee?
Why do you think Cosimo picked girls from the land of fireworks?
Under the stimulation of wine and sex, the rich and wealthy merchants in Guangzhou City shook off all their fortunes, and what's more, they blown them into the sea.

Bragging is sometimes a means of propaganda.

It can not only show one's own financial strength, but also take advantage of the trend to raise the stock price of one's own firm.

As a result, the Guangzhou Economic News became an instant hit, becoming the best-selling newspaper in Guangzhou, and the west wind once overwhelmed the east wind.

It's a win-win situation.

Relying on the popularity of the Guangzhou Economic News, Cosimo, as the founder, naturally pushed himself and his Medici Bank into the forefront of the capital circle in Guangzhou.

He is not a pig, Cosimo is smarter than a monkey, so it is only natural that he soars into the sky.

The savings, loans and investment businesses of Medici Bank expanded rapidly. In just one year, the initial capital of less than 100 million taels rapidly expanded to nearly 800 million taels!

This is a myth that only capital operations can create, and this is a carnival for capitalists.

"The best era has come!"

The capitalists in Guangzhou cheered and rejoiced that they were born in the best era and met such a great and enlightened dictator as Chen Yunfu.

As the head of the stock market supervision bureau, Chen Jinghe suddenly became busy.

The speed of capital's disorderly expansion is too fast, and the chain reaction it triggers is naturally huge.

This year, under the economic environment of liberalization of foreign investment control, more and more Arab businessmen, Nanyang businessmen, and Japanese businessmen began to enter Guangzhou to do business and take root.

And with Medici Bank's jewels ahead, more and more private banks and foreign-funded banks have sprung up like mushrooms after rain, and have been listed on the Canton Stock Exchange one after another.

The speed of capital operation is getting faster and faster, and it becomes crazy like a snowball.

But, this is stock.

"This year, the trading volume of the Canton Stock Exchange reached 500 million taels."

Mai Jiliang, head of the Canton Stock Exchange, walked into Chen Jinghe's classroom with the statistical data, and reported in horror: "Last year, the total transaction volume of the Canton Stock Exchange was only 200 million taels, and the growth rate was as high as 80.00 million taels." [-]% five.

A total of 180 stocks rose by more than [-]%, and a large amount of cash and silver poured into the stock market. There were even cases where ordinary people entered the bank for loans and then invested the loans in the stock market.

And just this year, the first phase of the Guangzhou railway project was launched, and the chief minister, Si Yamen, borrowed 3000 million taels from the Bank of Guangdong in the name of the government office. However, the development of manufacturing, handicraft, textile, fishery, grain and wine industries in Guangdong The speed is only seven percent.

From such a comparison point of view, both Guangdong Bank and private private banks are under extremely overwhelmed loan pressure. Once the stock market's stock price fluctuates hugely or the stock price crashes, then the whole of Guangdong will be destroyed. "

With the disorderly expansion of capital and the growth rate of production level far behind the speed of financial expansion, Guangdong is about to face an inevitable challenge for economic development.

financial crisis!

It can also be said to be a bubble crisis and an inflation crisis.

Chen Jinghe's desk was already full of densely packed test books, he rubbed his eyebrows and remained silent.

There is no need for Mai Jiliang to talk about these issues.

Guangdong is facing a huge challenge.

Money is being spent everywhere, and money is being created everywhere.

The crazy rise of the stock market has stimulated the entire banking industry, including the Bank of Guangdong, to make excessive foreign loans. Even if there is no reserve of real money, they dare to issue large loan drafts!

It seems that everyone firmly believes that no matter how much money is loaned out, Guangdong's overall economic development is so good, they will definitely be able to earn back from the stock market.

As long as the sea-going ships in Guangzhou Port continue, as long as overseas businessmen continue to flood the market with capital, and as long as the Guangdong railway project is completed, then everyone will become a millionaire!
The yamen was busy building roads and laying railroad tracks.

Businessmen are busy making markets and bull markets.

But in the invisible corner, no one has noticed that in Guangdong, which lacks the support of actual productivity, prices are quietly rising.

Sooner or later it will collapse!
Chen Jinghe was so worried that he got up suddenly.

He had to report this matter to Wu Shigao.

And after Wu Shigao heard the news, he didn't foolishly let it go, and immediately called together the chief officials of various government offices in Guangdong.

The first person to speak was Zhang Yuanxiong, the president of the Bank of Guangdong, a descendant of a businessman from the Zhang family.

"Now, the Guangdong Bank's gold reserves are 59 taels, silver reserves are 130 million taels, and cash deposits are 500 million taels."

"And the debts of the entire Guangdong, that is, the loans we have issued, have reached 4000 million taels!"

Zhang Yuanxiong said in an extremely heavy tone.

"All the common people have no money!"

(End of this chapter)