Dreaming back to 1949, the great powers were there to deceive us
Chapter 322 No Banknotes
On June 6, after Zheng Xipo was elected county magistrate, he immediately nominated Duan Long as police chief and began to reorganize the security corps and the security teams of various factories.
There are two key points in the reorganization. The first is the division of powers and responsibilities. Security guards are security guards, and police are police. The two cannot be confused.
The factory security team began to ban guns.
Second, the police are subdivided into three major categories: land police, maritime police, and air police.
The latter two are just decorations, and the main force is still the land police. In terms of department settings, they are divided into twelve departments, including logistics, enemy intelligence, criminal, immigration, and public security.
There are definitely some imperfections in the department setup, which will be gradually improved in the future.
Hu Zhenhua is carrying out police restructuring in full swing when the annoying Morris suddenly pays a visit.
It's no wonder that he came here for the position of general manager of Chongming Development Bank.
It is impossible to give him this position. The reason is simple. Huaqi Foreign Company has already come in. If someone from Huaqi is appointed as the president, the financial lifeline of Chongming will fall into Morris's hands.
Hu Zhenhua politely declined.
"My friend, if you can secure 3 million euros for the bank, you will be appointed president."
Morris's mouth was wide enough to swallow an egg.
Huaqi Foreign Company is almost unable to survive, where can it get 3 million US dollars!
"Hu, you are a lion with your mouth wide open, ready to eat people!"
"Morris, you're asking for too much. When it comes to Chinese culture, you still need to learn more from Carter!"
When Carter was mentioned, Morris was immediately filled with anger. That hateful politician was unwilling to show up when he heard that he was eyeing the position of bank president.
It was obvious that he had anticipated the outcome.
If the Chongming Development Bank's funds had not been looted and the import and export settlements had not been in a state of liquidity, how could Hu Zhenhua have agreed to Huaqi Foreign Company coming in early and having the spoils all to himself? Wouldn't that be great for him!
Morris said angrily,
"You are a lion anyway!"
Hu Zhenhua pinched his chin and thought for a while, then smiled and said,
"I don't have an English name yet, so I might as well just call myself Lion!"
"Hu Lion?"
Hu Zhenhua was so angry that he said,
"Morris, English is English and Chinese is Chinese. Don't mix them up! I just helped you hang a gangster a few days ago. Why are you so upset with me now?"
Morris lit a cigar and said angrily,
"Why can't I appoint a bank president? There's an old Chinese saying: 'The emperor takes turns sitting on the throne, and next year it's my turn!'"
Hu Zhenhua slammed the table and shouted,
"Bullshit! The appointment of a president requires the approval of the board of directors. It's your fault that you don't have enough shares. Morris, don't be so sarcastic. I'm telling you this today. It's my power to appoint the president. Don't even think about it!"
Morris seemed to anticipate Hu Zhenhua's anger and said calmly,
"Alright, alright! You'll be the one to appoint the bank president. That's fine, right? I'll take a step back. You'll approve the continued circulation of Huaqi Foreign Bank's banknotes in the market."
Hu Zhenhua suddenly realized that the root was here.
When Zheng Xipo first entered the Huaqi Foreign Company, he set a rule: issuing banknotes was permitted, but their circulation in the market was prohibited. In other words, Huaqi's banknotes could only be circulated between institutions.
The secret to making big money in the financial industry is leverage.
Banknotes could not circulate and leverage was greatly weakened.
Hu Zhenhua yawned and threatened,
"I suddenly feel that there is only one bank in the industrial zone, which is a bit monopolistic. Charlie saw you enter the industrial zone and has contacted me several times, but I rejected them all. Now I think this move was inappropriate!"
Morris's face turned green, and he quickly gave in.
"Hu, you promised me that no other banks would be allowed to enter in the short term."
"I told you to obey me, and you promised, but now you're ready to explode after just a few days! If you keep this attitude, you'll be out of the game soon. The world will continue to turn around without anyone! I finally managed to open the door to the Red Market, and you're trying to shut down my industrial zone? If that happens, even if I spare you, the US government won't let you go!"
Morris's face was covered with bruises. He didn't get any benefits and was scolded.
"Alright, alright, just pretend I didn't mention the banknotes!"
Seeing that he had given in, Hu Zhenhua softened his tone.
"Morris, don't think I'm harming you by blocking the circulation of banknotes. On the contrary, I'm saving you. Think about all the major riots in the Magic City; every one of them wasn't caused by banknotes. If banks want to thrive, risk control is paramount. Greed will only get you killed!"
Morris didn't want to listen to his moralizing, so he quickly changed the subject.
"Chongming County is too small, two banks are enough. Hu, you have to block the other banks!"
"Don't worry! But I can only hold him back for a while. His company also wants to enter the Western market, so compromise is inevitable."
Hu Zhenhua saw that Morris was a little unhappy, so he changed the subject.
"One step faster, every step faster! If Huaqi Foreign Company enters the market a few months later, the entire market will be yours. If you can't establish a competitive advantage under such circumstances, I can only give you two words: incompetent!"
The words are rough and the reasoning is not rough!
Due to a shortage of capital, Chongming Development Bank has basically given up on foreign trade settlement and is focusing on maintaining existing loan customers.
In a short period of time, Huaqi Foreign Company could be said to be the only dominant company, making a lot of money in the foreign exchange and settlement business.
Morris's mood improved a lot. He rolled his eyes and said,
"I'm doing RMB exchange business. You wouldn't object, right?"
"The market pie is made bigger by everyone working together. I certainly welcome your participation, but you have to bear the risks yourself."
Morris finally got something and laughed.
“What cowboys never lack is a spirit of adventure!”
He was holding his breath in his heart, determined to take advantage of this once-in-a-lifetime opportunity to grow rapidly and surpass Chongming Development Bank.
This is China. Only by managing the local currency can we become bigger and stronger and achieve glory.
In Chongming County, there are three currencies in circulation, namely RMB, rice yuan, and Chongming Development Bank banknotes.
Morris' confidence comes from his own currency. Banknotes can only be circulated in Chongming County, while rice and yuan can be circulated all over the world. Ordinary people will know which currency to exchange by voting with their feet!
Morris was plotting against Lao Hu, and Hu Zhenhua was plotting against Morris in return.
Although banks implement a fixed exchange rate, the black market implements a floating exchange rate.
Some traders who were in urgent need of money would exchange their banknotes for rice yuan at a 20% discount.
If Morris had also adopted a fixed exchange rate, the market would have quickly taught him a lesson.
In Hu Zhenhua's eyes, every foreign investor must have the attributes of a leek.
That afternoon, Chongming Development Bank welcomed its second president: Liu Anmin.
He is not from the banking system and has always followed TA Group's financial manager Wang Zhan.
Liu Anmin was parachuted in, so his prestige was somewhat lacking, but he himself didn't care about it at all.
We are just colleagues. It doesn’t matter whether you obey or not. Just follow orders.
The first thing Liu Anmin did after taking office was to build a new bank headquarters building.
The reason why the vault was robbed last time was because the walls were not thick enough. This time, we must build a steel fortress.
There was no bidding, no groundbreaking, and no groundbreaking ceremony, and the project was carried out quietly.
The driver, Xiang Huaqiang, was introduced by someone and entered the bank construction site to haul earth.
Earthwork is the favorite of engineers.
Nine out of ten local entrepreneurs are rich, and the remaining one is just starting out.
This job is relatively simple and is at the forefront of the project, so the funds are settled quickly.
Xiang Huaqiang filled a truck with earth, walked to the door, and collected the freight for his truck at the toll booth: 1.1 yuan in banknotes.
Xiang Huaqiang was a little stunned and asked,
"Can we pay with rice?"
The cashier had heard too many such questions and scolded angrily,
"Banknotes aren't money. You can't buy anything with them! Hurry up! The people behind us are waiting! If you don't want to work, take off the dirt!"
Xiang Huaqiang also had a bad temper. Just as he was about to argue with the cashier, he was stopped by his companions behind him.
Those who do transportation usually work in groups and rarely act alone.
Many places bully newcomers, and when there are fewer people around, they are more likely to suffer losses.
"Qiangzi, don't mess around! This is the only time you'll be cheated, and we men can afford it!"
Xiang Huaqiang snatched the banknote and warned,
"If you can't spend it, don't blame me for being unlucky!"
"Get out of here!"
"you!"
Xiang Huaqiang was dragged away by his companions. How many people in the transportation business dare to offend the client?
The soil excavated from the construction site was transported six or seven kilometers away to be used for expanding the wharf.
After unloading the truck, Xiang Huaqiang and his companions gathered together, whispering and discussing the banknotes in their hands.
They had seen this before. Ever since the Chongming Development Bank was robbed, its capital was seriously insufficient. The people were afraid that the bank would go bankrupt and refused to accept banknotes.
Suddenly, a driver named Gouzi shouted,
"I remember now. The East China Grain Storage Company seems to accept banknotes! I saw their sign!"
"Really? Where is it? Let's go check it out!"
A group of people jumped onto their own four-legged beasts and sped away.
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