Chapter 575 Currency Change
A year and a half ago, Song Ziwen resigned and Kong Xiangxi took over as Minister of Finance and Vice President of the Executive Yuan, he implemented a series of financial reform measures.
Reduce land taxes, increase commercial taxes, strengthen the central government's fiscal control over local governments, and then issue countless blank checks to win over the support of Jiangsu and Zhejiang chaebols.
Years ago, he persuaded Song Ziwen to come out and serve as the president of the Central Bank.
After that, a series of magical operations began.
Kong Xiangxi made a fuss to make a fortune by using the method of exaggerating assets and inflated debt rights to increase capital and reorganize the two largest private banks, Bank of China and Bank of Communications, and successfully allowed the central bank controlled by the National Government to embezzle more than half of the equity of these two banks...
It was because of this reason that Wang Zhaoming went to Qingdao to recuperate and had not returned to Nanjing yet.
Next, Kong Xiangxi took advantage of the conflict between Britain, the United States and Japan to secretly go to the UK, successfully convinced the British government to support it and agreed to the National Government to implement currency reforms based on the British pound.
After returning to China, Kong Xiangxi persuaded Song Ziwen to come forward and jointly established the first investment bank in China's history, China Construction Bank Company, together with Chinese and foreign capitalists and bankers.
This is why Fang Buwei attended the last cocktail party.
These plans by Kong Xiangxi and Song Ziwen were ultimately abolished China's current silver standard currency system and accepted it as state-owned gold and silver, and implemented exchange-based currency reform.
If there is no reform, the National Government will risk bankruptcy.
By the end of three or four years, China's gold and silver had been acquired by the United States and plundered by Japan, and there was little left.
Once a large-scale run occurs, all domestic financial institutions, including the central bank, are at risk of bankruptcy.
This is also the main means for the United States to indirectly control the National Government, while Japan wants to collapse the National Government.
However, once the currency reform is successful, the conspiracy between the United States and Japan will be self-defeating.
The Americans have no movement for the time being, and may not know that the Chinese government has already had a way to deal with it and is already acting in secret.
But the Japanese had already received the news and were ready to block the attack in secret.
Zhao Jinshan didn't know how much real money and silver had been prepared by the Japanese government and the Japanese Central Bank to implement the blocking plan, but he explained that in Nanjing, the amount of gold and silver had been raised in equivalent value of more than 100,000 taels of gold, and the amount was still increasing.
Fang Buwei's financial knowledge is basically zero, and Zhao Jinshan is the same. They don't know the specific operation method.
But Zhao Jinshan repeatedly mentioned a sentence that caused panic among the people, hiding gold and silver in the cellar, and rejecting legal currency at the same time...
Currency reform has never been a forceful order.
If the public cannot establish trust in fiat currency as soon as possible, this reform will be a failure.
Fang Buwei didn't know what kind of swords and arrows and bloody storms would be experienced in the middle, but he knew that Kong Xiangxi's reform was finally successful.
After implementation, although the fiat currency depreciates year by year and is in the end not as good as waste paper, it is quite beneficial for China at this stage.
If the National Government really goes bankrupt, it will only return to the warlord era. Once war between China and Japan begins, China will be unable to concentrate all its armed forces together and make effective resistance.
In addition to information related to the vault, Fang Buwei reported all the Japanese plans to Gu Zhenlong.
He didn't know how Kong Xiangxi and Song Ziwen responded, but after Gu Zhenlong came back, he looked shocked and scared, and praised Fang Buwei for one night.
Gu Zhenlong didn't understand the various things. Kong Xiangxi and Song Ziwen explained it to him for a long time before he understood.
According to Kong Xiangxi and Song Ziwen, if you understand the Japanese plan this time, for example, you will not make a lot of contributions to arresting many spies and traitors.
Gu Zhenlong warned Fang Buwei not to interfere with the rest of the matter, including how the news was leaked, and it was also investigated by Kong Xiangxi and Song Ziwen themselves.
Fang Buwei suspected that it was likely that there was an extraordinary figure, and the chairman issued a ban.
Anyway, the currency reform will definitely succeed in the end. Fang Bu is not worried about this, but he has a deep heart for this vault.
How much gold and silver was hidden in Shanghai, Peking, Tianjin and other places? It is not incalculable, but the vault hidden in Nanjing is not determined to win.
Hundreds of thousands of taels of gold!
How many weapons and food can you buy?
It was because of the foundation of this 100,000 taels of gold that Fang Buwei half coaxed and half deceived Zhao Shirui came forward to buy Sihai Freight Company.
As a time traveler, if you don’t do anything more, you will really feel sorry for your conscience.
But the problem is also here, Zhao Jinshan doesn't know the specific location of the vault.
Fang Buwei immediately suspected that Heshui Jinxing had arrived.
Through Zhao Jinshan's explanation, it is also indirectly proved that this financial bank has a close relationship with the largest bank in Japan in China.
But what surprised Fang Buwei was that no one of the shareholders of Shuijinxing had any direct relationship with the Japanese, including Wu Wenzhai, the most suspected one.
Fang Buwei didn't give up. In the past three months, he has indirectly investigated and secretly investigated and even used Song Ziwen's relationship through Chen Zuyan, but he did not find out which bank and financial institution in Nanjing had a direct relationship with the Japanese.
Later, when Gu Zhenlong heard the news, he thought Fang Buwei had the idea of getting to Shui Jinxing, so he specially called him to the military police headquarters to warn him.
The Jiangsu and Zhejiang Consortium is a behemoth and the biggest financial backer behind the chairman. Who dares to stroke the tiger's beard?
Fang Buwei had to stop the battle.
He originally thought that Nakamura and Yamada might have some information, but he didn't expect that these two were not as good as Zhao Jinshan.
Fang Buwei was as if he was anxious, but he couldn't think of any solution for a while.
It is understandable that the specific location of the vault is not found, but from what channel did so much gold and silver transport in?
Fang Buwei frowned tightly.
Youjiming is now the Consul General of Japan in China, so he must be clear about such a thing.
But this is a super nuclear bomb. Fang would rather have been wasted 100,000 taels of gold than have Ji Ming's idea.
What should I think of again?
Fang Buwei sat opposite Tongmiao, his mind full of golden colors.
"Is this kid stupid?" After waiting for almost half an hour, Chen Chao couldn't hold back his anger.
"I probably encountered some difficulties!" Gu Zhenlong replied.
"Go down and ask!" Ma Chunfeng said.
His focus was not on what Fang Buwei asked, but on what the shot he gave these three people was halfway through.
When he heard footsteps in the aisle, Fang Buwei woke up from his thoughts.
Chapter completed!