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Chapter 223 Unification

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    This is a crucial battle for Zhang Zuolin. What he lacks now is time.  To pave the way for Fengtian's financial industry, you need to have a strong family background before you can say anything else.  Therefore, Zhang Hanqing¡¯s approach is to engage in construction behind closed doors.

    By the 7th year of the Republic of China (1918), the official bank of the three northeastern provinces had stable currency value and abundant strength, becoming the financial hub of the entire Northeast region. The currency issued not only circulated in the three northeastern provinces, but also extended to Jehol, Hebei, Shanghai and other provinces.  City, and the number of official bank branches in the three eastern provinces once increased to 99.  Compared with Guanhai, Northeast China has experienced unprecedented prosperity and stability. This is a story for another day.

    The Finance and Economics Committee has regulated the access and business scope of Fengtian¡¯s banking industry: any bank with a registered capital of less than two million yuan will not be allowed to operate in Fengtian Province; existing banks with a registered capital of less than two million yuan will not be allowed to operate in Fengtian Province.  It will be integrated within a time limit (anyone with a discerning eye can see that this is tailor-made for Yu Fengzhi's natal "Fengtian Farmers' Fund Credit Cooperative"), otherwise it will cease operations and be closed. Its branches in various places will be taken over by the official bank account; the headquarters is not in Fengtian  Banks, except for the official bank, their business institutions in Fengtian are required to pay deposit reserves of no less than 30% of the turnover at the official bank of the three northeastern provinces.

    ¡°In this way, in the entire Fengtian, only three government-run companies, namely the Three Eastern Provinces Guanyinhao, Bank of China, and Bank of Communications, and one private company, Fengtian Farmers Capital Credit Cooperative, meet the access standards.  However, Heilongjiang Guanyin Bank, Zhubian Bank, and Industrial Bank were on the verge of bankruptcy due to insufficient funds.

    The three banks are trying their best to raise new capital.  However, with the run on Fengtian and the impact of a strong crackdown on financial speculation, and the Fengtian Financial and Economic Commission has issued a decree, most investors are not optimistic about this kind of capital injection.  Heilongjiang Guanyin Bank wisely chose to merge with Northeast Guanyin Bank, but Zhubian Bank and Industrial Bank still wanted to suffer.  Among them, Shubian Bank relied on its abundant funds, its headquarters in Beijing, and its large business, so it ignored the Financial Services Agency's order to announce its financial situation in Fengtian within a time limit.

    "Zhongbian Bank" was originally founded by Xu Shaozhen, Wang Yitang, Xu Shiying and other Beiyang soldiers. It was officially opened in Beijing on January 22, 1914, with Wang Pengnian as its general manager.  The bank's main responsibility is "to assist the Bank of China in catching up with border financial forces", with a total capital of 20 million yuan.  However, according to the regulations of the Fengtian Financial and Economic Committee, since it is a private company, it needs to produce financial statements in Fengtian as a basis and pay a large amount of cash as deposit reserves.

    As the supervisory authority of the banking industry, it is acceptable for the Financial Services Agency to inspect statements, but paying such a huge reserve fund has caused great distress to the Fengtian branches.  Originally, due to the bank run, the money supply of major banks shrank and a large amount of cash reserves had been used up.  Now, with so many reserves to be handed over, there are very few funds that can be loaned out. In summary, the interest rate difference is not enough for daily expenses. In this case, what will the bank eat?

    There are policies and measures to counter.  Several managers of Shubian Bank in Fengtian came up with a not-so-good idea: to make false accounts.  They instructed branches to consciously conceal the savings of some branches to reduce the number of reserves turned over.  Unfortunately, an indirect incident caused their plan to be exposed, thus destroying the financial wall that had been built for many years.

    Just after New Year¡¯s Day, the Financial Services Agency reported a related financial scandal involving the Fengtian Branch of the Shubian Bank, which was discovered due to the dead loans of its subordinate branches: this also intensified the false accounting crisis of the Mingtian Branch of the Shubian Bank.  It was caused by Feng Delin, Fengtian's deputy military affairs officer, borrowing two million from Shibian Bank to open a factory, and the main product of this factory was instant noodles.

    After months of preparations, Zhang Hanqing and his "Yi Tong" Food Factory made their grand debut after months of inactivity.  Slogans such as "Yi Tong, this is the taste", "Yi Tong, the more you eat, the better it tastes", "Eat Yi Tong noodles, unify the whole of China" resounded throughout the northern continent.  Due to the novel taste and fast-eating properties of instant noodles, it has quickly become a popular new thing in the Beijing-Tianjin-Hebei, Jiangsu, Zhejiang and Shanghai areas. Some places even send their parents-in-law as holiday gifts, and many of them also use "Yi Tong" instant noodles. This makes Zhang Hanqing and him  The friends were unexpected.  In some theaters and tea houses, "Yi Tong" instant noodles have become a kind of snack, which is fashionable and down-to-earth and very popular.  After Lu Yongxiang, the governor of Zhejiang Province, saw with his own eyes the advantages of instant noodles in terms of military logistics support, he ordered 100,000 boxes with a stroke of his pen, advertising the "Yi Tong" instant noodles.

    It is not an indoor flower or an outdoor fragrance. At least Fengtian Provincial City does not allow this kind of thing to be as beautiful as other places. According to statistics from the Fengtian sales department, in December alone, Fengtian Provincial City consumed 300,000 packages, and merchants also made reservations.  Half a million bales.  In this sales hut, mountains of instant noodles that had been stored for up to three months were cleared away. Supply exceeded demand in various places. The factory worked overtime and overtime and was unable to supply the distribution departments in various places.??Demand.  In this round alone, more than 14 million packages of "Yi Tong" instant noodles were sold, with a net profit of nearly 300,000!

    Not only that, but taking into account the hundreds of workers supported by this factory and the benefits that indirectly benefited the Guards Brigade Troops, this "unified" instant noodles can be said to be a great success, with not only amazing economic benefits, but also extraordinary social benefits.

    This makes people salivate.

    However, Zhang Hanqing was well prepared. He had already registered with the Fengtian Department of Industry and Commerce. Except for the "Yitong" factory, Fengtian Province will not allow the production of similar products for 10 years. This is also the origin of China's patent system.  In addition, he also arranged for someone to publish a statement in the "Fengtian Times" for seven consecutive days, stating that instant noodles were an invention of the "Yitong" Food Factory, and others were not allowed to imitate them, and violators would be prosecuted.  He knew that the birth of this thing would surely lead to imitation by businesses, so he laid the groundwork here first.  You can't control other provinces and cities by yourself, but in Fengtian, you have to follow Fengtian's rules.  Maybe this is a kind of collusion between government and business?  This will allow China to embark on the sunny road of respecting knowledge and talents in advance, and collusion between government and business is not out of the question.

    Others can take care of it, but Feng Delin cannot.  Zhang Hanqing reclaimed farmland for water conservancy, built pig houses and set up factories. Feng Delin saw all these measures and was anxious about them.  Not only was the Guards Brigade really useless for provincial financial support, but it was also living well, so he couldn't help but pay attention to it.  As soon as instant noodles became popular, he felt that this was a good way to make money. The production was simple, and the "unified" instant noodles opened up the market.  According to the principle that quantitative change equals qualitative change, he needs to invest a large amount of capital to seize the market. Otherwise, once the "Yi Tong" instant noodles completely flood the market, it will be more difficult for latecomers to intervene.  That's why they borrowed money from the "Colonial Bank" to build factories.  (Remember the website address: www.hlnovel.com
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