A century-old wealthy family that rose from Shanghai

A week later.

News spread in the Shanghai Stock Exchange that Chen Guangliang had teamed up with Ping An Bank to acquire Boyi Textile Company.

When the news came out, it still caused astonishment in the business community. After all, the textile industry was so decadent now, and Chen Guangliang actually invested a huge amount of money in the textile industry. Could it be that he was preparing to become the "textile king" after the "sugar making", "shipping", "finance", "real estate" and other industries?

Chen Guangliang ignored the outside public opinion. That day, he brought his subordinates to inspect the Boyi Textile Factory No. 2 on Robertson Road in the International Settlement.

"Boss Chen, on behalf of all the staff of Boyi Second Factory, we welcome you to take over the factory!"

Led by Lu Wansheng, the director of Boyi No. 2 Factory, a welcoming ceremony was held at the factory gate.

Chen Guangliang did not spoil the fun, but said: "Well, I will be stationed in Factory 1 and Factory 2 recently, and work with everyone to summarize the reasons why Boyi Textile has been making poor profits for many years. We will then make corresponding improvement plans, so everyone should cheer up and meet new challenges."

Although he had never worked in the textile industry before, he had many friends in this field, so he was not completely ignorant.

Looking at the overall situation, Chen Guangliang knew one thing without any investigation - Europe and the United States have advanced textile machinery and equipment, and have an absolute advantage in mid-to-high-end textiles; therefore, the first thing he would do after acquiring the textile factory would probably be to upgrade the textile equipment.

Of course, the specific plan needs further investigation.

Lu Wansheng didn't dare to be careless. After all, he knew who was standing in front of him. He was a top businessman who even saved the China Merchants Group.

"Okay, Mr. Chen, please!"

Next, Chen Guangliang inspected the factory. The workers inside were obviously numb on their faces. After all, textile workers are the most exploited by society now.

"How many male, female, and child workers are there in this factory?"

Lu Wansheng immediately replied, "The total number of workers in Factory 2256 is 325, including 1452 male workers, 479 female workers, and child workers."

Seeing the serious expression on Chen Guangliang's face, he quickly added, "The textile industry has been in a downturn in recent years, and many companies are hiring more women and children to save costs and compete with foreign merchants. If this weren't the case, our Chinese textile industry would be less competitive and would inevitably go bankrupt. Then, no one would have a job."

After hearing this, Chen Guangliang did not say much.

He also understood one thing, there were only two choices: one was to eat from the same big pot, in which there would be basically no foreign trade, and everyone would play their own game and starve together, but they would still feel balanced; the other was to develop capital and open up the world through cheap labor. Foreign trade could make a lot of money, and the bosses would get rich quickly. Naturally, the employees would be exploited, and they were not allowed to have their own ideas, so there was a huge gap between the rich and the poor.

After all, the West has been ahead for two centuries, and the technology, systems it has established, and the wealth it has looted are all advantages.

Next.

Chen Guangliang visited the various processes including raw materials, coarse yarn, spun yarn, reeling, sizing, warping, weaving, inspection, polishing, singeing, bleaching and dyeing, bag printing and packaging.

Then he asked, "I took a look and the textile machinery here is quite old!"

Lu Wansheng nodded and said, "We haven't purchased new machines in over four years. After all, the cotton spinning industry has been in a downturn in recent years."

Chen Guangliang said: "This has become a vicious cycle."

In the textile industry, in addition to machinery and equipment, raw materials are also very important.

Before the 1930s, China mainly used "local cotton", but the quality of this cotton was not good; after the 1920s, the "American cotton" variety improved by the United States was excellent and began to be introduced into China.

However, the development of this "American cotton" in China has been full of twists and turns, and it has not been popularized in the short term.

The importance of "American cotton" to China in recent years has reached the point where China cannot start work without American cotton, because Japan has been dumping gauze. If Chinese textiles do not use American cotton, they cannot compete with Japanese spinning.

Fortunately, Chen Guangliang roughly understood that American cotton would enter the harvest period in China next year, and the forced showdown of the Nanjing government in the past few years was finally going to take effect.

After an inspection, Chen Guangliang had a clear idea in mind. He returned to his office and prepared to make reforms:
First, Boyi Textile was renamed "Xinfeng Textile", with Chen Guangliang personally serving as the general manager. Celebrities from all walks of life were invited to serve as ex-officio directors, including those from the textile and financial sectors, and Ping An Bank's network of relationships provided assistance in management.

Second, he and Ping An Bank injected another 150 million yuan into Xinfeng Textile to purchase the latest textile machinery and raw materials.

3. The "Three S Management" system of the Vitasoy factory was introduced into Xinfeng Textile to improve management efficiency.

Fourth, go to Hong Kong to prepare for the establishment of the "Xinfeng Third Factory" to prepare for production capacity during the Anti-Japanese War.
Chen Guangliang wrote down all the reform plans and prepared to implement them according to plan.

In terms of funding: The total cost of the acquisition of Boyi Textile is 450 million yuan, including the inheritance of more than 400 million yuan in debt, which actually only gives shareholders such as Xu Jingren a few hundred thousand yuan; in addition, 150 million yuan will be injected later.

This is equivalent to a total cost of 600 million oceans.

In terms of equity: Chen Guangliang and Ping An Bank each hold 50% of the shares.

In this way, the actual expenditure of 600 million yuan was all paid from Ping An Bank; as a result, Ping An Bank's cash reserves were reduced, but still relatively stable.

Originally, the two creditors, Zhongnan Bank and Jincheng Bank, could continue to maintain the loans, but Chen Guangliang felt that Ping An Bank could take over this part of the loan, so he decided to transfer it to himself.

Ping An Bank.

Just when Chen Guangliang was worried about the decrease in bank cash reserves, Ye Ximing came to his office.

"Boss, on the 3st of next month (1), the 'Er San Guan' treasury bonds will begin to be issued, and our Ping An Bank has also been allocated a quota of 500 million."

Chen Guangliang immediately became alert. This "Second and Third Gate" was very famous in history. Not only did the "Seven Star Company" led by Sister Song make a fortune, but many financial professionals in the Shanghai Stock Exchange also went bankrupt and jumped off buildings.

Now Ping An Bank has also been allocated a quota of 500 million and has also been caught up in the vortex.

"Ersanguan" refers to the customs bonds approved for issuance in the 1rd year of the Republic of China, with a total amount of million yuan.

The channel for issuing treasury bonds is banks, and then major banks distribute treasury bonds to various securities companies, and sell them to the public through securities companies.

The Ministry of Finance conducts an inventory of treasury bonds every three months and gives banks a certain percentage of commission based on the number of treasury bonds they have issued through securities companies.

There is a rule here: banks cannot sell "bonds" without authorization, they must be auctioned off through securities companies, and the banks will receive "commissions" rather than direct profits.

Take the "Er San Guan" bond, for example. Its face value is 98 yuan. Based on past bond issuances, the market typically auctions it for 60 yuan, while the government typically settles it with the bank at 50 yuan. Thus, for every 1 million yuan in bonds issued, the government only receives 5000 million yuan in cash, with the remaining profits going to the bank and the market.

"so much?"

Ye Ximing nodded and said, "Ping An Bank is now considered a large bank. Compared to the strength of the Four Banks of the North, the Three Banks of the South, Siming, Tongshang, Shiye, and Guohuo Bank, it also has its wins and losses. Therefore, these things are all based on the standards of the Southern Whale Finance Department."

Siming, Tongshang, Shiye and Guohuo banks were later referred to as the "Small Four Banks" because they were four private banks acquired by the Ministry of Finance of Nanjing during this wave of crisis.

The four major banks are the Central Bank of China, Bank of China, Bank of Communications and Agricultural Bank of China. Together with the Central Trust Bureau and the Postal Savings and Remittance Bureau, they are collectively known as the "Four Banks and Two Bureaus."

The above is a huge trust organization that the Nanjing government later established using the "two bureaus and four banks". The Nanjing government used this organization to build a huge national financial network, so it would inevitably swallow up other private enterprises, including Rong's "Shenxin System" and Liu Hongsheng's industrial empire, which are all on the "candidate list for being eaten".

"I'm responsible for this matter. Report any situation to me!"

"it is good"

This was a crisis, but also an opportunity. As long as they didn't get carried away by the Seven Star Company, they could definitely make a killing. Ping An Bank was also a bit short on cash. After all, in the past three months, they had invested a total of 500 million yuan in the "Fifty Houses on Xiafei Road" and "Xinfeng Textiles."

So, Chen Guangliang decided to take advantage of the situation and make some money.

The next day at noon, Chen Guangliang invited Jiang Meiying and her father Jiang Zhenhua to have lunch together, and the location was chosen to be the International Hotel.

After Jiang Meiying gave birth to Chen Wenjin, Jiang Zhenhua's attitude changed, becoming less receptive to reality. When Jiang Zhenhua's textile factory ran into trouble, it was Chen Guangliang who offered him a helping hand, securing a loan from Ping An Bank to tide him over. This helped to ease their relationship.

Chen Guangliang originally wanted to do textile business with Jiang Zhenhua, but the emergence of Boyi Textile Industry made him give up this idea, because Jiang Zhenhua's entire assets added up to only 400,000 or 500,000 yuan, so he had no assets to use for a partnership.

Of course, now that both of them are textile merchants, they naturally have things to talk about.

"Uncle, what do you think is the current predicament of China's textile industry?"

During the dinner, Chen Guangliang also asked Jiang Zhenhua this question. It was not that he did not understand, but that everyone has their own opinions.

Jiang Zhenhua said radiantly, "American cotton, British yarn, and Japanese cloth are naturally the greatest external pressure on China's textile industry. Add to that the current economic downturn in China, and the textile industry is basically at its most dangerous time. Even Shenxin Factory No. 7 will be auctioned off next month. It's really sad!"

Without American cotton, China's textile industry would not be able to operate; British yarn symbolizes the highest level of this industry; and the East, that is, Japan, relies on domestic government subsidies to dump large quantities of cloth in China, intending to paralyze the Chinese economy and facilitate subsequent occupation.

These three are indeed external factors.

Chen Guangliang then said, "It is expected that China will have a bumper cotton harvest next year. After all, in recent years, under the operation of the Nanjing government, the scope of our country's planting of American cotton has greatly expanded."

Upon hearing this, Jiang Zhenhua was suddenly shocked. Now that he had the help of Ping An Bank, he had the ability to overcome the difficulties.

Once the cotton harvest is good, it means that costs will be reduced, and then production and development will come.

"It's just that China's economy is so corrupt."

"Well, the Southern Whale government is expected to implement a new monetary policy of fully paper currency, thereby abolishing the silver standard. If they can gain support from the UK, the US, and other countries, the economy will recover next year."

As a senior economic adviser to the Nanjing government, Chen Guangliang's words naturally represent authority. After listening to him, Jiang Zhenhua also had an idea in his mind.

"That's good. After all, I'm planning to move the factory to the concession, and the cost will increase significantly."

"It's totally worth it. It's estimated that Japan will invade Shanghai again in just two to three years. Judging from their government's subsidies to the textile industry, they want to paralyze China's economy first, so this must be taken seriously."

"it is good"

Jiang Zhenhua's textile factory relocation wasn't a quick process. He first had to lease land in the concession and build the factory, a process that took over a year. He then moved the existing factory's machinery and equipment to the new facility. Meanwhile, he also prepared to purchase a batch of new textile equipment.

The entire "Great Shift of the Universe" will take two years to complete, but it will also be just enough to avoid the first wave of risks.

They talked about textiles and the current situation, and the two quickly became friends.

Jiang Meiying took the opportunity to act as a link between the two of them, taking their relationship to the next level.

After the meeting, Jiang Zhenhua said with a blush on his face: "Guangliang, I am finally relieved that Meiying is with you. I know you will treat him well."

"Thank you, uncle. Don't worry about that. Time will prove it."

"it is good"

Watching Jiang Zhenhua get into the car, Chen Guangliang breathed a sigh of relief. Without the support of his parents, how could he be happy?

Is Miss Zhao Si really very happy?

How happy can one be when he has severed ties with his parents and is resisted by Zhang Opian’s wife!
Although Yan Renmei also boycotted Jiang Meiying, she only made one request - Jiang Meiying could not enter the house, but she did not target Jiang Meiying. When her mother-in-law Yang Hui went to visit Jiang Meiying, Yan Renmei did not say anything and even asked her to buy some good things for her visit.

In short, maybe after a while, Yan Renmei will soften her stance. Even if she doesn't admit it publicly, she can at least come back and get together.

Jiang Meiying took Chen Guangliang's arm and said gently, "Husband, thank you!"

Chen Guangliang patted the back of her hand and said, "If I don't do this for you, how can I say I love you!"

Jiang Meiying was immediately moved. From the very beginning, Chen Guangliang hoped that she would not fall out with her family and isolate herself.

"Let's go to your company and sit down!"

"it is good"

After a while, the two arrived at the office building of Jiang Meiying's investment company.

It was very simple and there were no staff. It just had one office and some office equipment.

Jiang Meiying had previously used the funds given to her by Chen Guangliang to speculate in gold. With Chen Guangliang's guidance, she also made a profit of 200,000 yuan.

In this way, her total wealth is 170 million yuan, which makes her a small wealthy woman.

Of course, this is not enough.

Chen Guangliang sat in Jiang Meiying's boss chair and said, "The Nanjing government is planning to issue 'Er San Guan' recently. I'm planning to have you pool all your funds to speculate on Er San Guan. The specific operation is very simple. As soon as Er San Guan securities open, you should aggressively buy all your funds. As for when to sell, I will give you instructions."

Jiang Meiying was wearing a winter cheongsam, but her good figure couldn't be concealed. Her high heels made a clicking sound as she walked to Chen Guangliang's side.

"Actually, I have so much money, but it's useless. Where can I spend it?"

She was worried that Chen Guangliang would take risks and offend the wife of the family for the sake of money, so she tried to comfort him.

Chen Guangliang grabbed Jiang Meiying's hand that rested on his shoulder from behind and said, "Don't worry about this. I must have made arrangements for doing this. If the Japanese want to invade China, you will go to Hong Kong first and then to the United States. It will cost a lot of money. Otherwise, when the child grows up and wants to develop a career, how can we, as parents, support him? How many people can start from scratch? If I had a reliable father, I wouldn't have had to work so hard."

Jiang Meiying then said, "Well, as long as you don't make things difficult for me!"

Chen Guangliang smiled and said, "Why should I be embarrassed? I'm just giving you some ideas so you can make money. Don't worry, Renmei is not a difficult person to get along with. Maybe you can sit together in the future."

Jiang Meiying leaned her head on Chen Guangliang's shoulder and said, "Do you miss Ehuang and Nvying so much?"

Her tone was full of charm and tenderness, but Chen Guangliang knew that he couldn't be fooled. Although Jiang Meiying was easy to talk to, it didn't mean that she supported him without limits.

"We're all family, so it's good to be united. After all, Chen Wenjie and Chen Wenjin are brothers, and you are their mother."

"Oh, I don't have any intention of competing with her. I only have eyes for you."

"Thank you" (End of this chapter)