Scroll of Ren, Family and Country, Chapter 92, Major
The sudden run left the German Central Bank at a loss. After the emergency discussion, the cabinet finally decided to stop paying gold or foreign exchange internally, and the German Mark became waste paper again. ?? 1?ka?n?shu· However, in order to prevent the situation from turmoil, the government only announced the bank's vacation to cover up the suspension of hard currency internally. It did not directly announce that the Mark will no longer be supported by gold or foreign exchange in the future.
The German government's handling of this made a group of speculators in Shanghai very disappointed. Chen Guangfu stayed asleep and stared at European telegrams for three days and three nights, but in the end he received disappointing information. Forced by various countries, especially under pressure from the United States, the Weimar government will officially announce the suspension of redemption of gold and foreign exchange in the domestic market after the bank's seven-day vacation, which basically declared a run of the mark and the bankruptcy of the plan that implicated the pound.
"Maybe I'm going to Tonghua soon." Zhang Kun was also disappointed when he heard Chen Guangbiao's report. The plan to strangle the yen was one after another. Germany was the first ring. Now that Germany is not successful, it is even more impossible for Britain to succeed.
"What's the use of going at this time?" Chen Guangfu said with a thumping head. He didn't expect that the German Weimar government would sell the country and seek honor in such a way. It was really angering. "I'd better think about how to ship back the foreign exchange and gold exchanged in Germany."
Chen Guangfu seemed to have admitted his failure. While Zhang Kun was hesitating, the phone ring suddenly rang. He lifted the microphone and looked solemn as soon as he heard it for a while. After hanging up for a few minutes, Chen Guangfu asked, "Who called it, what's the matter?"
"The person who came from Beijing was Chen ****, Minister of Revenue." Zhang Kun still frowned. He exclaimed: "It was Japan, Britain, the United States and others who accused my country of maliciously running the Japanese yen aggravated the economic crisis, so he wanted to check the accounts and the Financial Investigation Department of the Ministry of Revenue will come in the afternoon."
"What? Financial Investigation Department!" Chen Guangfu was also a little panicked. He was a man who had a ghost in his heart. Although the yen run was a business of various commercial banks, the run was a foreign exchange provided by the State Bank. If the people from the Ministry of Revenue in the investigation showed that there were some shortcomings in foreign exchange a few months ago, what explanation should he make? "Would you like to check the yen or check the mark?" he asked.
"I don't know, I checked the yen in my tone, but Mark didn't say it. But I'm afraid..." Zhang Kun also thought about Germany's affairs. As a central bank, it was impossible for the National Bank to speculate in foreign exchange. His current operation was to lend a large amount of German Mark to Qiaoshang Bank, and Qiaoshang Bank loaned them to Earl of Christian. Earl of Christian finally handed over the money to Gorene. This is a legal relationship. But the actual trader was Gu Yiqun of the International Department of the National Bank. Gu Yiqun's instructions to Germany through the Intelligence Bureau to direct the run.
If the German Mark is really investigated, it will definitely involve Qiaoshang Bank. However, most of the business branches of Qiaoshang Bank are abroad. Under normal circumstances, the Financial Investigation Department of the Ministry of Revenue cannot check the real-time general ledger of Qiaoshang Bank. 1??Read books??·1.K?a?n?s?h?u?·As long as you are interested, the bank can use the reason that the accounts of foreign branches have not arrived, but if the Ministry of Revenue cooperates with the United Kingdom, the United States and other countries to investigate, the matter will be difficult to handle.
"You have to notify Mr. Zhang Kun's matter in advance!" Zhang Kun thought about it completely and finally said.
"This..." Chen Guangfu looked at Zhang Kun uneasyly. It was his responsibility to not get things done. Now the Ministry of Revenue checked the accounts but asked the gentleman to support the situation. The late father-in-law of the Mr. was originally one of the founders of Qiaoshang Bank. Qiaoshang Bank found the gentleman. "Is this the only way? Is there no other way?"
"What else can I do?" Zhang Kun smiled bitterly and asked, "If you can steal a chicken, you will lose a piece of rice. Now it depends on Li Guangqian's."
Li Guangqian is the chief office of the Overseas Chinese Bank and the eldest son-in-law of Singapore rubber king Chen Jiageng. When he encountered a rebellion in the European war in Singapore, he led the way for the 6th Navy team of the Fuxing Army and rescued the Singapore Governor, so he was awarded the medal of the Chinese Academy of Skeleton and the British Government. Such a deep background made Liu Dajun, the director of the Financial Investigation Department, who went to check the accounts, very nervous. However, the loan of 100 million marks in the foreign exchange managed by the State Bank was a bit strange. Such a large amount was inexplicably loaned away, and there was another run in Germany a few days ago, which was really suspicious.
On the 14th floor of the State Bank and the 13th floor of the Overseas Chinese Bank. After the elevator was up, Li Guangqian, the general manager of the Bank, had a pair of large-framed glasses. He was waiting for Liu Dajun and his party at the entrance of the elevator. Looking at more than a dozen officials of the Ministry of Revenue, he smiled and said, "Mr. Liu, you sir, you have not been able to welcome you. I hope you will forgive me."
Li Guangqian saluted Liu Dajun and others with a smile, completely looking like I was a good person. Liu Dajun, who understood his background, was also rude. He bowed his hands and showed the official document and said, "I'm going to bother Mr. Li this time."
"Where! Where!" Li Guangqian smiled even more, and he said sideways: "Please! Please!" When Liu Dajun moves forward, he followed half a step behind Liu Dajun. He said again: "Sir, the accounts are ready. However, due to geographical limitations, the accounts of foreign branches will not be included in the general ledger until the second half of the year, so the foreign branches only have last year's record and general ledger."
"Last year?" It's only April, and Liu Dajun coughed, "Do you feel relieved if your bank's accounts are so lagging?"
"Sir, our bank has not been listed. Yikanshu??·1?k?a read n?s?h?u read·?" Li Guangqian explained: "Stock shareholders are old shareholders, so I have always been at ease with our bank. However, when I learned that the adults came to check the accounts this time, I still prepared a report for the first three months of this year, maybe...
Li Guangqian was talking, and his subordinates had submitted a report. In fact, it was a statement, but it was actually nothing more than a balance sheet, cash flow statement and income statement. Qiaoshang Bank's website covers overseas Chinese all over the world, and has branches in various countries. Their various foreign exchange and local currency deposits totaled up to more than 2 billion Chinese yuan, and 100 million marks were not conspicuous. As Liu Dajun expected, there was no information on the 100 million mark loan he was looking for in the report.
"Official office of General Liu, according to the accounts of the National Bank, your bank borrowed a 100 million mark of foreign exchange in the first month of this year." Liu Dajun put down the thin report of Qiaoshang Bank for the first quarter of this year and began to inquire directly.
"100 million marks?" Li Guangqian seemed to think for a while, and finally nodded, "Yes, this is the case. The main reason is that when the German economic crisis is serious, our bank thought that whether it is to rescue or invest in the economic crisis, we should prepare a large amount of marks in advance, so we borrowed 100 million marks from the National Bank. Sir, why, is there any problem with this money?"
Liu Dajun asked the German Mark directly, and Li Guangqian directly asked if there was any problem. Everyone was straightforward and only made people smile. Liu Dajun said: "Of course there is no problem with money. I just heard that Germany suddenly had a run in a few days ago. I was very worried that the money of the company would lose all its money."
"This..." Liu Dajun said this. Li Guangqian had to pretend to be stupid, "Hey, sir, the world is not as good as before. The whole world is in chaos, and investment can lose money wherever it is placed. Now Argentina has begun to be in chaos. Many of the bank's investments in Argentina have lost all their money, so I don't know the government..."
When the economic crisis occurred, Argentina became in chaos. Soldiers used radicals to launch a coup, and the local overseas Chinese and overseas Chinese banks were facing the risk of confiscation. This was also the first diplomatic problem faced by the Song cabinet since the economic crisis.
You told me Germany, and I would just talk to you about Argentina. Liu Dajun sneered in his heart but had no choice. He immediately put down his teacup and said, "Since that's the case, I'll wait for the accounts of various countries of your bank to be sent back next time." After he said that, he picked up the report on the table: "If you don't mind, I'll take this back first, so I'll do a record."
"Of course I don't mind." Li Guangqian held the big frame and smiled harmlessly. However, Liu Dajun did not take this trick. He still bowed his hands seriously and withdrew from Qiaoshang Bank with more than a dozen subordinates.
Officials from the Financial Investigation Department of the Ministry of Revenue withdrew within an hour of entering Qiaoshang Bank. This spread immediately after the news ran faster than the plane. Some people said that they saw Mr. Li, the general manager of the bank, scolding the people from the Ministry of Revenue. One of them was slapped back and the dog officials ran out in shame. Some people said that it was not the case at all, saying that the officials of the Ministry of Revenue knew that Qiaoshang Bank was run by the Prime Minister's father-in-law. They went there just to deal with Shangguan. They met with Mr. Li of the bank, and they did not go to check the accounts. The people who went there asked for a cup of tea and said goodbye...
With all the talk, Shanghai Financial Group said everything in the small circle. But after all, the Financial Investigation Department failed to investigate, which caused the morale of the Shanghai Banking General Office, which was completely opposite to the Ministry of Revenue due to the confiscation of business licenses. With this guarantee, in the lawsuit that was about to be heard, some uneasy banking general offices finally had some confidence. At least, the matter of Qiaoshang Bank shows that the depth of the Shanghai Banking General Office is not something that those highly educated bureaucrats in the Ministry of Revenue can explore.
The Shanghai Banking General Officers were relieved this time, but Zhang Kun and others were still in their hearts. Although the general trend was in me (according to my husband's judgment, the pound will withdraw from the gold standard at most next September), but when will this general trend come? Now the main gold bank has started to pay for those who run the yen in the pound, and Japan will also conduct a second round of fundraising in the European financial market;
In addition, some complaints were leaked in the Cabinet of Hamakou, saying that the yen run by the Chinese banks in Shanghai was a sign of unfriendly to Japan. Although this was a complaint from some minor officials, over time, when the hope of the yen collapse was not seen, the hot money brought in was withdrawn, and Wang Boyuan and others who had lost their cover could not play anymore. What should I do? What should I do?
Zhang Kun, Chen Guangfu and others grabbed their heads, but Ma Yinchu, who had been waiting for the results of the investigation in Shanghai, began a bitter investigation without any results. The only Mark loan also became untraceable due to the internal management practices of Qiaoshang Bank.
"Is it really clear that the investigation?" Ma Yinchu stared at Liu Dajun who led the team to Shanghai for investigation, and pulled him over as soon as he got off the plane.
"There is no problem with the accounts of the National Bank, which is completely in line with the regulations, except for a Mark loan." Liu Dajun said truthfully. Although he didn't like the arrogant Zhang Kun, he still admired the orderly nature of the National Bank under Zhang Kun's management.
"Mark, we are not going to check Mark!" Ma Yinchu, who was frustrated by the lawsuit in Shanghai, was a little crazy. He said anxiously: "I want you to check the yen run! Have you found it?!"
"Not found." Looking at Ma Yinchu who was a little angry, Liu Dajun remained silent. He said, "With Zhang Xingjian's energy, he could ask someone to instruct Wang Boyuan to speculate on the Japanese yen. There was no need to do anything on the account. Only after this investigation did I find out that the Shanghai banking industry called Zhang Xingjian not Zhang Xingjian at all, but called him Zhang Tianwang."
"What is Zhang Xingjian, the king of Zhang Tian, the mess that came out of a money shop! It was just that he was born earlier and had better luck. He just happened to join the Revival Society before Dingge!" Ma Yinchu said gritted his teeth. Since he was kicked out of the National Bank by Zhang Kun last time, he has become a mortal enemy with Zhang Kun. This investigation was made by him, but he didn't want to find anything.
"Yuanshan, in fact, we are not completely correct to focus on the yen. Now the bank of gold no longer redeems gold but redeems pounds. Once the pound exits the gold standard, the yen will definitely be run again." Liu Dajun was thinking on the plane what Qiaoshang Bank would do for the Mark. When refueling at a gas station on the road to Beijing, the driver said that gasoline prices dropped and diesel also dropped. He couldn't help but think of the correlation of the goods, and then the relationship between the yen, pounds, and marks, and some things that could not be understood suddenly became connected.
"You mean Zhang Xingjian is going to run the pound. Did he take the leopard courage?" Ma Yinchu understood what Liu Dajun said, but his eyes suddenly made him feel unbelievable. Even the pound dares to run the pound maliciously. What's wrong with this world?
"Of course he, Zhang Xingjian, has no courage to run the pound, but he can run the German Mark." Liu Dajun said his mutual logic, "German capital has invested a lot in the UK. Once Germany implements foreign exchange controls, these capitals will run the pound in order to preserve value and escape. The Bank of England does not have much gold reserves, so the Bank of England and the British cabinet will likely announce that the pound will be separated from the gold standard; the pound will be separated from the gold standard, and the yen will not be able to withstand it. Seeing this, Wang Boyuan, even the Japanese Mitsui, Mitsubishi, Sumitomo and other consortiums will look for opportunities to exchange foreign exchange or gold in the foreign exchange market. At that time, the yen will definitely collapse."
With Liu Dajun's explanation, Ma Yinchu's mouth became wider and wider. He never thought that finance could be played like this, which was almost exactly the same as the military roundabout side attack. Once the pound and the yen collapsed, not to mention the Japanese gold lost due to the run during this period, from the perspective of the Japanese economy with a big downturn, Japan, which had a big economic downturn, would definitely agree to China's establishment of Asian banks.
Close his mouth and hide his scary teeth. Ma Yinchu shook his head again and said, "Ji Tao, what you said is true?"
"This is just my guess." Liu Dajun said, "After not seeing the record of Qiaoshang Bank in the first half of the year, I cannot be sure that the runs from Germany's bank have a relationship with the national bank, and the Japanese yen."
Chapter completed!