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Chapter 225 The formation of chaebol

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    The first payment for Feng Yong¡¯s food factory was a loan from Shubian Bank.

    In view of Feng Delin¡¯s status and the prospect of instant noodles, the Beizhen Branch of the Shibian Bank decided to lend the money and agreed on an interest of one cent.  However, Beizhen was a big place in the Ming and Qing Dynasties. By the late Qing Dynasty, it had fallen behind Fengtian and Liaoyang. The turnover of the entire branch was not enough to issue this huge loan of 500,000 yuan, so it had to turn to the Fengtian branch for help.  Also tempted by generous profits, the branch transferred a sum of funds to allow the loan to be formed.

    If Zhang Hanqing didn¡¯t know such big news, he would be derelict in his duty.  As an old rival, he had already spread the net of the "Fengqi Bureau" to Beizhen.  Under the notification of the "Fengqi Bureau", the newly established Financial Services Department conducted a surprise inspection of the Fengtian Branch of Shibian Bank in the name of monthly audit, and also discovered this illegal loan project - in order to avoid a high proportion of deposit reserves.  , Shubian Bank consciously concealed some of its turnover. To use modern words, it was a second account.

    But going back to Feng Delin¡¯s loan, this action can be seen clearly.  In accordance with the law, the Financial Services Agency issued an order to rectify all branches of the Bank of Japan in Fengtian within a time limit.  And without explanation, all branches in various places were closed down, and their business was handed over to the official banks of the three northeastern provinces. The reason was that "if you don't think about past mistakes, there is a risk of cholera cholera local financial order and disrupting economic life." Shubian Bank again  With the background, strong dragons still can't suppress local gangsters, and the Financial Services Agency has taken over the national interests during the financial crisis, so he has nothing to do.  Everyone knows who is standing behind this official bank account.  The president of the Beizhen branch was dismissed, and Shibian Bank filed a lawsuit with the Fengtian High Court on the grounds that Feng Delin colluded with branch employees to illegally defraud loans, demanding Feng Delin return the money.

    Another thorn in the side, Industrial Bank, saw that the situation was not good and had already thought about how to retreat.  This Industrial Bank is also known as "Quanye Bank", and its earliest name was "Fengtian Agricultural Bank". When Fengtian was hit by severe floods at the beginning of the first year of the Republic of China, Zhang Xiluan, then the governor of Fengtian Province, allocated 300,000 taels in April to provide relief.  Silver was established and banknotes were issued for circulation.  In 1913, due to insufficient funds, the company raised more than 500,000 yuan in commercial shares and 200,000 yuan in official funds under the name of "Quanye Bank". In July, it was reorganized into the Fengtian Industrial (Head Office) Bank, a joint venture between government and businessmen.  The head office is located in Fengtian, with four branches.  After years of hard work, the share capital has been increased to 1.5 million, and the capital held is as much as 5 million.

    Because the official capital is low and the main character Zhang Xiluan is already a has-been figure, he lacks confidence when facing the cooperation between the official banks of the three northeastern provinces and the Financial Services Department who came from behind.  The arrogant Shubian Bank has suffered a defeat, and its own registered capital is not much, so it dares not challenge the government.  But now there are very few institutions that dare or have the power to take over the business. Is this entity that has always had a good reputation really going to close down?

    The savior has come.  Learning that Industrial Bank was in trouble, Yu Aozhou personally discussed the merger with its senior management.  However, Fengtian Farmers Capital Credit Cooperative has only been established for three months, with a share capital of just over 2 million. Its capital holdings are only tied with it, but it wants to eat up Industrial Bank in one fell swoop.  His plan was to establish a new agricultural bank, with Fengtian Farmers Capital Credit Cooperative accounting for 75 percent and Industrial Bank the remainder.

    This is naked blackmail!  The difference between the two companies is only 500,000 yuan, but they have three times the shareholding ratio. This is clearly bullying!  It's blackmail!

    Of course, Yu Aozhou is confident: his cooperative is now one of the four major banks in Fengtian. Excluding the 10% reserve ratio, it has 4.5 million yuan in theory available.  Since Industrial Bank was ordered to cease operations, the 5 million in savings was just a number and could not be used as equity. All that could be used was its 1.5 million in equity.  From this theory, Yu Aozhou is right.

    When he came, he was already confident.  Zhang Hanqing gave him sufficient inside information and promised not to let any other bank or entity inject capital into the other party.  If this can't be won, the Yu family's reputation as the richest businessman in western Liaoning will really be wasted.

    The final result excited Zhang Hanqing and others.  After clarifying Yu Aozhou's background, everyone at Industrial Bank wisely chose to compromise.  In full recognition of its business venues, popularity, brand effect, and sufficient cash flow, Yu Aozhou finally raised the proportion of Industrial Bank in the newly established Agricultural Bank of China to 30%, and more than half of the management personnel and operating personnel  Personnel were retained.

    This is what Yu Aozhou is happy to see. After all, the credit union has only been established for a short time and has not yet formed a brand effect. There are not enough familiar or experienced banking personnel.  With the foundation of Industrial Bank, these things are no big deal.

    Zhang Zuolin paid a lot of attention to the newly established Agricultural Bank of China: he instructed Liu Shangqing and Zhang Huilin to provide appropriate preferential treatment to the Agricultural Bank of China.  The two capable men in the financial world understood and took the initiative to understand the situation.The deposit reserve ratio of commercial banks was lowered to less than 10%, which allowed the Agricultural Bank of China to expand rapidly.  As chairman and general manager, Yu Aozhou began his first take-off in life.

    Agricultural Bank of China is first based in Fengtian. Its main business scope is farmland reclamation, construction of water conservancy facilities, large-scale aquatic products, animal husbandry, etc. It is qualitatively different from the farmer, agriculture, and rural small loans that the Farmers Credit Cooperative is involved in.  , and compared with its branches mainly distributed in rural areas, Agricultural Bank of China is based in cities.

    Of course, in order to prevent vicious competition, the Bank of China, the Bank of Communications, and the Guanyin Bank of the Three Northeastern Provinces each have their own business scope: for example, the main business of the Guanyin Bank of the Three Northeastern Provinces is factories, mining, and light industry; the Bank of Communications's main business is railways and highways.  , water transportation and bridge construction; Bank of China is responsible for urban construction.  In the vast countryside, the Yu family, headed by Ao Zhou, gradually grew.

    Of course, the success of this uncle is inseparable from Zhang Hanqing's "silent" support. The Yu family has become Zhang Hanqing's private treasury. With the improvement of Zhang Hanqing's status and the growth of his clan, the Yu family has also grown.  The monopoly of financial power has gradually made Zhang Hanqing a person that Fengtian cannot be underestimated, and it is not just the factor of being a commander-in-chief.

    In contrast, Feng Delin and his son are in trouble: it seems that they have been stabbed. Now after a lot of hard work, the food factory has been built, but there are problems with subsequent operations.  Not only was the principal required to be returned, but hundreds of manpower and food and drink expenses for dozens of employees were spent on building the factory, which was a huge expense.  The most annoying thing is that just when we are about to get on the right track, the capital chain is broken.

    The three banks in Fengtian controlled by Zhang Zuolin all refused to give Lao Feng a loan, let alone the Agricultural Bank of China.  Zhubian Bank figured out the grudge between Zhang Zuolin and Feng Delin, and in order to protect themselves, they also fell out with him.  In the huge Fengtian, no powerful consortium took over, so Feng Delin even had the idea of ??embezzling military pay, but was fortunately blocked by Feng Yong.  (Remember the website address: www.hlnovel.com
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