Chapter 151 Plan
In January 1910, all rubber stocks grew rapidly. As a star stock in rubber stocks, Nanyang Rubber had soared from ten oceans at the time of issuance to five hundred oceans, and it had doubled fifty times in just one month!
In February 1910, the price of rubber stocks was refreshed again. People talking about stocks were everywhere in Shanghai, from high-ranking officials to street vendors, who were trying their best to buy stocks. Even Yuanfengrun and Yishanyuan, the two largest private money houses, could not hold back and rushed to buy stocks, which would push up the stock price again.[]
In March 1910, as the stock price rose, the money dealers watched the speculators make a lot of money, and they became increasingly unwilling to be backstage bosses, so they issued banknotes and directly participated in stock trading. Many money dealers also borrowed huge sums of money from foreign banks to purchase stocks.
In Shanghai in the early 20th century, traditional Chinese financial institutions, money shops, silver accounts, and bill accounts also achieved great development in Shanghai, with a large number of them, among which Yuanfengrun and Yishanyuan were the most powerful. They were the leaders of Shanghai's banking and money industry, and together with the Qing Bank and the Bank of Communications, they were the pillars of the sky to maintain financial stability in the Qing Dynasty.
Money banks intervene in rubber stock speculation in two ways. The first situation is relatively common. Money banks provide loans to speculators. In addition to credit loans, they also accept physical loans. In fact, speculators use the rubber stocks they have purchased as collateral to obtain new loans to purchase new stocks. As long as the price of rubber stocks does not decline, money banks will not lose money, and the mortgaged stocks are still appreciating. Therefore, money banks have accelerated the speed of distributing funds to foreign banks, and foreign banks enjoy their success. With the strong financial support of foreign banks and Shanghai money banks, the trend of speculation in Shanghai has become increasingly fierce.
The second situation is that the money dealer directly participates in stock trading. Since the shares issued by various rubber companies in Shanghai are mainly sold through foreign banks and foreign banks, the compradors of these foreign banks can take advantage of their positions and rush to buy them.
In April 1910, due to the intervention of money shops, the stocks on the market were quickly acquired. Many dignitaries who could not buy stocks in Shanghai ran to the UK and went to the London stock market to buy stocks. At this time, the stock transactions in the market began to slowly decrease, and the stock price also slowed down.
Holding the account book of Pacific Investment Bank in his hand, he felt extremely heavy for the astonishing numbers inside. With a "bang", he closed the account book and looked up at Wang Qingyuan, the general manager of the bank, who was sitting upright: "Brother Qingyuan, what do you think about this?"
"Irrational madness! No problem is enough to say, if something goes wrong, it will be a complete stock market crash!" Wang Qingyuan shook his head and sighed, his mood being indescribable. He was both frightened by the crazy securities trading market now, and also was very satisfied with his successful private operation during this period...
"Oh, life and death are fate, wealth and honor are all in the sky. We have done everything we can do. As for where things will develop in the future, we cannot control them. As long as we have a clear conscience, we don't care about the floods and misfortunes every day?" Wang Jin waved his hand disapprovingly, as if he wanted to dispel the depression in his heart. "By the way, the shopkeepers of those money shops have no doubts, right?"
"How could it be that I don't doubt?" Wang Jinyuan stood up excitedly, waved his arms and looked unrestless: "These guys have gone through money, and their eyes are red by the surge in rubber stocks. But that's it. They can pay a higher price to borrow funds from foreign banks, and are unwilling to pay attention to the conditions we have proposed. They are really a bunch of bastards!"
Wang Jin frowned and his heart was filled with anger. The veins on the back of his hands were extremely frightening. He took a few deep breaths and barely suppressed the anger in his heart, making his tone look as plain as possible: "Then do they have any specific conditions? I mean it is within the range we can tolerate!"
"Rubber stocks, especially those that are currently in a fast-moving momentum!" Wang Qingyuan stared at Wang Jin with a bright look, his eyes full of enthusiasm: "If you want to exchange for the newly issued banknotes on their hands, unless you exchange them for the rubber stocks that are rarely circulated on the market, they would rather pay a greater price from foreigners!"
"Soul faded!" Wang Jin was furious and slapped the tea table in front of him into pieces with one palm. The teapot and tea cup on it made a sound and the "bang bang" fell all over the ground.
Wang Qingyuan was startled and hurriedly stepped forward to stop Wang Jin and continued to vent. He finally persuaded Wang Jin to stop his anger. Naturally, he could no longer ask Wang Jin to free up some of the rubber stocks in his hand. He is not a fool. From the recent actions of the Shanghai Xinguangfu Association Branch, he knew that Wang Jin had not only owned the majority of the equity of Nanyang Rubber, but also inserted a hand in the rubber stocks of other companies. He still didn't know how much wealth this guy had hidden on the books?
How could he not understand the thoughts of those bank bosses? It was just to get a large number of rubber stocks that were booming on the market now. In addition to being a star stock in the Shanghai securities trading market, Nanyang Rubber was also run by the Chinese. Of course, it was the foreign speculators and foreign banks who had been having a lot of fun with Nanyang Rubber.
As a senior student who graduated from the Harvard Finance Department, he has a certain understanding of the operation of foreign banks. Knowing the style of foreign banks, they are happy to exchange the rubber stocks they mortgaged at hand for the banknotes of the banknotes.
"Okay, I agree to exchange the rubber stocks in my hand for the banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's banker's bank
It was like a thunderclap in his ears, making his head feel dizzy. What, I heard it right, the boss actually told him that the rubber stocks on his hands were like gold lumps?
"What's your look? For our big plan, we can afford to lose something, really!" Wang Jin said seriously with a serious face.
At present, Wang Jin and Wang Qingyuan are working on a big plan, hoping to take advantage of the opportunity that almost all bankers in Shanghai are entering the market in a crazy way, and use the resources at hand to obtain newly issued banknotes from several major banknotes, and wait until the stock market suddenly collapses before accepting these banknotes.
Chapter completed!