A century-old wealthy family that rose from Shanghai

Chapter 34 Fishing Law Enforcement
No. 9 Ningbo Road, Shanghai, is a five-story Western-style house. It is the headquarters of "Shanghai Commercial Savings Bank" and the predecessor of the later New China "Shanghai Bank".

This bank was founded by the national banker Chen Guangfu in 1915. At that time, it was just an inconspicuous bank in Shanghai.

At the time, there were ten private banks with capital exceeding one million yuan, including the Salt Industry Bank, Zhejiang Xingye Bank, Juxingcheng Bank, and Xinhua Bank. The smallest bank, the China Commercial and Savings Bank, had capital of 10 yuan. Therefore, the Shanghai Commercial and Savings Bank, with its mere 25 yuan in capital, was nicknamed a "small bank" upon its opening.

Although the Shanghai Commercial Savings Bank contains the word "commercial" in its name, it is indeed a bank that has developed by making full use of "small savings".

That year, Chen Guangfu launched the advertisement "Open an account for one yuan" in the Shanghai Stock Exchange, shocking the entire Shanghai Beach. He even used the gimmick of "customers spend one hundred yuan to open one hundred accounts" to start the small deposit effect.

In addition, Shanghai Commercial Savings Bank has also taken the lead in launching innovative measures such as "zero deposit lump sum withdrawal, deposit principal and interest withdrawal, and fixed-term and flexible-term conversion".

As a result, the bank's business is booming.

如今‘沪市商业储蓄银行’已经成为‘沪市私营银行的首位’，存款高达2亿元，资本额也高达4700万元（1大洋=1元=0.9两银子）。

Chen Guangliang and Lin Feng came to Shanghai Commercial Savings Bank. They rode in their own rickshaw, which had changed from pulling a rickshaw to riding in a rickshaw.

"Wait at the door."

"Yes, Liang Ge."

Now, Lin Feng has become Chen Guangliang's follower and errand runner, and there are two other people in the family who are his deputies - He Xiangdong is mainly responsible for accounting, purchasing, etc., and Zhou Xinggao is mainly responsible for handling matters related to rickshaws and rickshaws.

After entering the bank, Chen Guangliang was led by a staff member to Li Shoumin's office in the loan department.

Manager Li

"Well, come and sit down."

When they met again, Li Shoumin's attitude was better.

Because he didn't expect that Chen Guangliang would develop so quickly, it was simply a miracle.

It took only about two months for Changjiang Rickshaw Company to grow from three rickshaws to the current 45 rickshaws.

"I've already reviewed your information. Xiao Wang also visited your dealership and gave it a good review. However, the last time you loaned me 700 yuan, that was because I was looking up to Professor Zhang. This time, you're trying to get a 36 yuan mortgage loan using 6000 rickshaws and their license plates. That's clearly too much!"

There was some hesitation in Li Shoumin's words.

Although Changjiang Motors was surprised, Chen Guangliang's request was indeed too high.

Chen Guangliang immediately said, "Manager Li, a loan of 6000 yuan is actually not that high. After all, although I used Projects C and D as collateral, once Project E is put into operation, it will also contribute to my repayment capacity."

Li Shoumin nodded and said, "That's true, but you're being cunning. How much equity do you have in these three projects? On average, it's only a little over 40%."

The implication is that Chen Guangliang is using other people's assets as collateral for his own.

Chen Guangliang said calmly, "Now I have a close cooperation with the Transportation Department, and my business is better than other car dealerships. This is all my reputation. Manager Li, please rest assured that my repayment ability is absolutely no problem."

If Li Shoumin didn't want to lend the money, he would not have met with Chen Guangliang at all and would have let his subordinates deal with it.

So he quickly said, "Okay, I agree to the loan this time." He then jokingly added, "But, next time you have Project E, don't even think about borrowing from me, or else this bank will become yours."

This is indeed the case. With this method of lending, Chen Guangliang can simply empty an entire bank. It's just a "snowball" approach.

Chen Guangliang smiled and said, "It was Mr. Smith, the head of the Transportation Department, who said this was the last good opportunity this year, so I did this. But thank you very much for your help, Manager Li. If you are free, I would like to treat you to a meal."

Li Shoumin really liked Chen Guangliang's politeness, but he said, "I'll owe you this meal for now. We'll talk about it after you finish these things." "Yes, yes, I'll definitely remember it."

Li Shoumin is already a very powerful figure in the banking industry, so Chen Guangliang naturally wants to hold on to him tightly.

After obtaining the bank loan, Chen Guangliang immediately started purchasing from two rickshaw manufacturing companies in Shanghai.

A single company may not have enough stock of sixty rickshaws, but rickshaws, a simple industrial product, have long been domestically produced.

After ordering the rickshaws, Chen Guangliang began to prepare for the "IPO" and "recruitment" work.

For a while, he was very busy.

"You mean, Wang's Rickshaw Company is going to sell 20 rickshaws with 'Da Zhao Hui' license plates?"

"Yes, and I heard the price is quite cheap, only 250 yuan per car."

Seeing Zhou Xinggao's eager expression, Chen Guangliang said directly: "If you dare to buy one, the police will come to arrest you the next moment."

Zhou Xinggao was so frightened that he broke out in a cold sweat and quickly asked, "What does the boss mean?"

Chen Guangliang sneered, "Now the Wang family rickshaw company has a deep feud with the original rickshaw drivers. And since the Wang family was robbed, they naturally suspect the rickshaw drivers the most. If a rickshaw driver comes to buy their rickshaw at this time, it means that this driver has become rich overnight. If he can't explain where the money came from, he is a suspect."

Wang needs money to manage things and does need to sell assets.

However, selling assets such as rickshaws clearly raises suspicions of sting enforcement.

After all, Wang Chengyun has been in business for many years and doesn't need to sell his rickshaw.

Zhou Xinggao nodded and said, "Sure enough, I called the police."

After saying this, a fierce look flashed in his eyes.

Chen Guangliang said, "Don't act impulsively in the future. I have a way to clean up that money for you, but if you don't listen to me, then we will part ways. I will go my way and you will go your way."

Zhou Xinggao quickly said, "Boss, I understand!"

He admired capable people, not to mention that Chen Guangliang had saved his life and treated him as a brother.

Chen Guangliang then said with relief: "Remember, greed is like a snake swallowing an elephant. Sometimes, if you are too greedy, you will be burst sooner or later. And if you don't attack someone like Wang Chengyun this time, I will never be your friend."

Not to mention that Wang Chengyun tortured him to death, even if Wang Chengyun did not care about the driver's life, Zhou Xinggao's act this time could be considered a "chivalrous act."

Therefore, Chen Guangliang does not have much psychological burden.

Zhou Xinggao was educated and said, "I will definitely keep my boss's words in mind!"

Then, Chen Guangliang said, "Take Lin Feng with you to arrange the stock offering and the recruitment of drivers!"

"Okay, I'll make sure it's done!"

On one hand, they were "selling cars to save their husbands", and on the other hand, they were "expanding aggressively". Now the situations of Changjiang Car Dealership and Wang's Car Dealership have been reversed.

I believe that after this expansion, Chen Guangliang will also become a "big shot" in the eyes of many people.

(End of this chapter)