Beiyang reactionaries

Therefore, statistical agencies seem to be departments without authority, but they are also important departments that deal with all aspects of statistical agencies.It's a very different organization.

"This incident is a lesson for you and a lesson for the government. The cabinet and I must also learn this lesson. Therefore, we all need accurate data to formulate our policies. The cabinet needs to formulate future economic policies, Industrial policy, including land policy and education policy, all require accurate data. That's what the Census and Statistics Bureau does, and you must live up to your name as an advisor."

"Prime Minister……"

"I think you, as the president of the Bank of China, make the last decision. You sign the order for the reserve fund yourself. Then you declare that you are responsible for the Shanghai affairs and resign automatically. Then go to investigate the Bureau of Statistics."

After Duan Xun finished speaking, he slowly raised his teacup to drink tea.

While drinking, he looked at Zhang Jiaao.

Zhang Jiaao stood up, so he already understood what Duan Xun meant.Duan Xun is seeing off the guests, indicating that today's conversation is over.

"Prime Minister, I see. I will prepare."

"Go."

Zhang Jiaao was still baffled.

Not very clear what Duan Xun meant.Did Duan Xun abandon himself and regard himself as a scapegoat?There are other deep meanings.Duan Xun walked out of Duan Xun's office with a puzzled look on his face.

After Zhang Jiaao left, Duan Xun sighed.

Zhang Jiaao and Duan Xun appreciate it very much.Whether it is his professional ability, or his courage, or even his means, Duan Xun likes him very much.

young and promising.

As long as we slowly accumulate more experience and add more political skills, there will be great development in the future.In the future political map of China, there must be a place for Zhang Jiaao.

But there is no benefit in confronting public opinion now.

After all, this financial turmoil has affected too many people.Even Shanghai's economy has been greatly affected.It even affected many ordinary Shanghai citizens.

So Zhang Jiaao had to avoid the edge.

But Duan Xun will definitely reuse Zhang Jiaao in the future.Duan Xun has already planned to set up a department similar to the "Development and Reform Commission" in the cabinet to guide the future investment of the Chinese government and the development plan of the Chinese government.

Heavyweight division.

Zhang Jiaao is Duan Xun's favorite, and he will be one of the leaders of such a planning department in the future.So let him practice for a while, go to the Bureau of Statistics to have a more intuitive understanding of all aspects of Chinese society, including the Chinese economy.

Of course, if Zhang Jiaao was in a slump because of this incident, Duan Xun would give up Zhang Jiaao at that time.

A person's life is ups and downs.

Where there is smooth sailing.This is even more so in officialdom.Because a little setback will lead to nothing, such a person cannot be entrusted with a heavy responsibility.

428

On March 1924, 3, Zhang Jia'ao, who was currently in a turmoil of public opinion, announced a new banking supervision plan in his capacity as the governor of the Bank of China.Dropped a bombshell in the chaotic financial industry.

There are a total of three published regulations.

Known as "Zhang Santiao".

The introduction of the famous "Zhang San Tiao" in the history of China's finance has become a huge turning point in the history of China's finance, and it has also been deeply imprinted in the history of China's finance.Because from this moment on, the disorderly development of China's finance has finally come to an end, and the Chinese government has begun to truly supervise the financial order.

In the past, China's financial development was completely unregulated, and it could develop as it wanted.Because the development of modern finance was brought about by the great powers, China's finance has been in the hands of the great powers since the end of the Qing Dynasty.

Among them, HSBC is the most powerful, accounting for half of China's savings.In addition, the Chinese government's reparations, loans, bonds, and even taxes are handled by HSBC Bank, so HSBC Bank alone controls about 70.00% of China's financial shares.In addition to HSBC, China also has a large number of foreign banks and Sino-foreign joint venture banks.

They control about 30.00% share of Chinese savings.

Moreover, they also rely on the power of the great powers behind them to control a large number of foreign-funded foreign firms in China, as well as the business of Chinese businessmen related to foreign firms.

This is the previous financial situation in China.

HSBC, other foreign banks, and Sino-foreign joint venture banks own more than 80.00% of China's savings and control more than 90.00% of China's finance.The banks controlled by the Chinese government, as well as private commercial banks, seem to have a lot of money, but compared with these foreign banks, there is a real difference between heaven and earth.

It is not an exaggeration to say that the great powers control China's finances.

Just look at these data to know the situation of China's finance.

However, with the promulgation of the "Three Articles of Zhang", the situation in which the great powers controlled China's finance came to an end, and the situation in which China's finances developed disorderly came to an end.The Chinese government began to really monitor the development of China's finance.China's finance, which had been developing disorderly and controlled by the great powers, will finally return to the control of the Chinese government.

The first article emphasizes the threshold of banks and tightens the issuance of bank licenses again.

Local governments do not have the right to issue banking licenses, and only the Bank of China has the right to issue banking licenses in China.All people and institutions who want to open a bank must apply to the Bank of China.

Only with the approval of the Bank of China can a bank license be obtained.

Of course, the bank license mentioned here does not just mean a bank.This includes institutions similar to banks such as banks and banks, as well as all financial institutions such as securities exchanges and insurance companies. They are not allowed to open at will, and must obtain a license issued by the Bank of China.

Strictly stipulate the funds required to open a bank, bank account, and bank.Bank of China will not issue licenses to people or institutions without certain funds.

To open these financial institutions, you must invest the amount of funds stipulated by the Bank of China.

No one is allowed to be a white wolf with empty hands.

Without a license issued by the Bank of China, it is illegal to open a bank, bank account, bank, stock exchange, or insurance company without permission.Anyone who dares to illegally open a bank, bank account, bank, stock exchange, or insurance company will violate the law.Bank of China has the right to fine them, confiscate property, etc., and prohibit them from re-entering the financial industry.

Of course, this is only the punishment of the Bank of China, and most of them are administrative punishments.Anyone who sets up financial institutions such as banks, bank accounts, banks, and stock exchanges without authorization is a serious violation of the criminal law and must be tried by the judicial department.However, the law on this aspect still needs to be passed by Congress.

Because the regulation on finance is just beginning, there are not many supporting laws in this area.It is also necessary for the Law Reform Commission to supplement and improve the laws on finance.

Moreover, even institutions such as banks, bank accounts, and money houses cannot do all kinds of business after they are opened.

Bank of China has made a very detailed plan.Those banks, banks, and money houses that want to do business in a certain area must obtain relevant licenses.

Just like many banks in Shanghai before, in addition to the traditional deposit and loan business, they also do investment, foreign exchange business, securities management business, insurance business, and even companies that operate under the bank.

But the policy introduced by the Bank of China this time will not work.

not like this.

A bank is a bank.

Those newly established banks can only do traditional deposit and loan business.Only those with strength and experience can obtain the license issued by the Bank of China to engage in other businesses.

Banks without such licenses are involved in certain fields, which is a violation of banking laws and financial supervision.must also be severely punished.

Just like the regulations of the Bank of China this time, there are only four banks that are qualified to do foreign exchange remittance business in China at present.That is to say, only four banks have obtained the foreign exchange exchange business authority issued by the Bank of China.

That is HSBC, China Bank of Communications, China Commercial Bank, and China Commercial Bank.Other banks must apply to Bank of China if they want to obtain foreign exchange business.Only with the approval of the Bank of China can they do foreign exchange business.It deprived many banks of their foreign exchange remittance business power.

And the first article also stipulates that these regulations do not only apply to domestic banks in China.It also includes foreign banks. If they want to open a bank in China, they must obtain a banking license issued by the Bank of China.Otherwise, it is not allowed to open banking business in China.

The second article is about bank interest rates.