Beiyang reactionaries

"Tell me."

Xi Yuguang asked his son calmly.

As the third son of Xi Zhengfu, Xi Yuguang is also a big comprador in Shanghai.At the end of the Qing Dynasty, he served as the comprador of Baoxin Bank and the assistant manager of the Shanghai Branch of the Bank of Great Qing.

Xi Yuguang's wife, that is, Xi Demao's mother, is the third daughter of Xu Chunrong, a well-known bank owner in Shanghai.Xu Chunrong was born as a comprador of Taihe Foreign Bank and Dehua Bank in his early years, and his bank was able to rank among the top three in Shanghai.

After Xi Demao's mother died, Xi Yuguang married a second wife, a woman from the Shen family.The Shen family and the Chen Qimei family, the director and comprador of Shanghai Yingshang Mori Matheson Co., Ltd., and the chief comprador of Hamburg Matheson Co., Ltd., the comprador of Ruihe Matheson Co., Ltd., and Shanghai Bund tycoon Ye Zhuotang, a broker of the Shanghai Stock Exchange, are related by marriage.

It can be seen that these tycoons are closely related by marriage.

They rely on this kind of in-laws to weave their personal connections.In many cases, this kind of personal connection plays a very important role.Even if you fall down for a while, as long as you have such connections, you can rise again at any time.

Shi Demao immediately said: "Dad, the current situation is very obvious. Cabinet Prime Minister Duan Xun is a nationalist. He has been taking power and strengthening the strength of the Beijing government. At present, although the government is working hard to build its own financial In terms of economic strength and bank management capabilities, foreign-funded banks are still stronger than Chinese banks, including several large commercial banks controlled by the government. .And foreign banks are currently firmly controlling the foreign exchange business, and the Bank of China has been unable to intervene in this aspect. This must be the unwillingness of the people above. They must want to take back the foreign exchange business from foreign banks. This is a big event in the history of Bank of China, the history of China's finance. I would like to participate in it."

Comprador, the Xi family is a comprador.

There is no doubt about it.Their interests are also linked to foreign banks and foreign firms.But this is their origin, not everyone thinks that way.

In any class, there will be those who betray their own class.

Of course, Xi Demao has not yet reached the point where he wants to betray his own class and family.It's just that he thinks this is a big event and an opportunity for China's financial development.

It is likely to be a historic moment in China's finance.

He certainly wanted to be involved.

And the location is also very good.Directly let him take the position of manager of China Commercial Bank, which can let him develop freely.Such an opportunity does not come every time.

So of course Xi Demao was a little moved.

"If you go, do you think you can change the current situation?"

"can."

Shi Demao is very confident.

Immediately nodded.

"Why do you think you can change the current situation? Foreign banks have been in charge of China's foreign exchange business for more than half a century, and they are already deeply entrenched in this industry. Why do you think that you can change this situation, you can tear apart A crack."

Xi Yuguang suddenly questioned his son in a cold voice.

Xi Demao said without the slightest hesitation: "Dad, in fact, the so-called foreign exchange business has little to do with the bank, and more depends on the attitude of the government. For a long time, whether it is the Manchu Qing government or the former Republic of China government, they have There are demands from the foreign powers and these foreign banks. Including the income of the Chinese customs is in the hands of the consular missions of the great powers, and the government can only get loans through these foreign banks, so the business of foreign exchange exchange can only be entrusted to them. Because Bank of China doesn’t need such business either. But it’s different now.”

Xi Demao is young, just in his early thirties.

But I have been fascinated by it since I was a child, and I have something to do. I graduated from Birmingham with a master's degree in business.After returning to China, I have been working in the financial circle in Shanghai, and I am very familiar with the things inside.

After receiving such an invitation, he certainly thought a lot.

"Now the Chinese government has taken back the customs. Although it has not been fully recovered, the customs duties are already in the hands of the Chinese government. And with the signing of the 'Sino-Japanese Treaty of Nanjing', the Chinese government is becoming increasingly tough. And according to the current Chinese government Attitude, it will definitely not continue to pay the previous indemnity. This will greatly change the situation that the Chinese government’s finances are completely dependent on the big powers, and China’s finances can gradually become independent. Therefore, the current Chinese government no longer needs to look at the faces of those big powers and big power banks. .Therefore, there is no need to completely hand over the business of foreign exchange exchange to those foreign banks.”

"Look at the recent contracts signed between the Chinese government and Germany. When the funds flow out, whoever says it will have to go through foreign banks. The Bank of China can completely conduct foreign exchange business with Germany. The Chinese government has exported it over the years. There are a lot of resources. In the future, when resources are exported, China’s own banks will accept those payments. Those payments should be foreign exchange, and China’s own banks can completely carry out foreign exchange business independently. In fact, at present, China needs foreign exchange most. The foreign exchange business is the government department. As long as the government hands over this business to China Commercial Bank, it will be very easy for China Commercial Bank to open a hole in foreign exchange exchange. With the support of the government, China Commercial Bank can get amazing foreign exchange every year exchange business."

Xi Yuguang listened to his son's analysis and nodded.

Indeed it is.

To put it bluntly, for China, the biggest business is still the business of government departments.In the import and export business every year, the main export is resources.If it is said that resources were in the hands of businessmen from big powers and some local businessmen in the past, then after years of rectification by Duan Xun, most of China's resources are in the hands of the government.

At present, which of China's largest mines and some important materials is not controlled by the government, or the government occupies the position of major shareholder.

So as long as the government is willing to hand over these businesses to China's own banks, the foreign exchange business can also develop smoothly.

"In that case, why are you hesitating?"

"Dad, this is after all a business grab with a foreign bank. Once the Commercial Bank takes over most of the government's business, the business of many foreign banks will definitely plummet. I am worried that if I am in charge of the Commercial Bank, it will affect our family at that time."

This is what Xi Demao is most worried about.

How many of the Xi family and their in-laws act as compradors? If the business of foreign banks and foreign firms is not good, they will be very impressed with the interests of these compradors.

More importantly, if the strength of foreign banks and foreign firms declines, the influence of compradors relying on the powers of the great powers will decline sharply in China.

At that time, the comprador will not have the current status.

This is a matter related to the interests of the entire Xi family and the compradors headed by the Xi family's in-laws.

"A family like ours needs official support."

Xi Yuguang said leisurely.

He sighed and said, "The more prosperous a family is like ours, the more we need to bet on multiple parties. Putting eggs in one place is the most unsafe thing to do. Now we are too deeply involved with foreign businessmen, and our business depends on There are too many foreign businessmen. This is not a good phenomenon. Once something happens, it will have a huge blow to us. From the student movement that began in the 8th year of the Republic of China (1919) to the various waves of 'anti-imperialism' that have occurred this year, it is very important for us These families have been hit hard. Moreover, Lu Sheng relied on his grandfather Yu Wei to continue to serve as a comprador at HSBC. However, if he continues like this, our Xi family may have to leave HSBC completely. Without HSBC, we only rely on other foreign banks and foreign capital Yangxing, the strength of our Xi family will be greatly reduced."

At present, the fourth comprador of HSBC is Xi Yuguang's nephew, that is, Xi Zhengfu's grandson Xi Lusheng.But he is a playboy, and he has scandals with celebrities and celebrities every day in Shanghai Beach, and he is completely inferior to his father and grandfather in terms of ability.

Xi Lusheng didn't care about HSBC's affairs at all, and handed them all over to the people below.Now it is only by relying on the remaining power left by his father and grandfather that he continues to serve as the comprador of HSBC.

But he didn't do things well, and the Xi family's influence in HSBC had begun to gradually decline.The board of directors of HSBC Bank is also very dissatisfied with this dude of the Xi family.I don't know how many people are eyeing the Xi family's influence in HSBC.

It just so happened that this playboy came out of the Xi family.

Many people wished to drive away the influence of the Xi family in HSBC.If the Xi family lost their old nest of HSBC, their status in the comprador field would be greatly reduced.

"You are right. The current Beijing government is indeed different from the previous government. They are more powerful and will not allow some areas to be controlled by other banks. In the future, the government will become stronger and stronger. Look at China Bank of Communications And China Commercial Bank, one of them accepts customs duties and the other is responsible for local taxation, how fast they use these funds to develop. I don’t think it will take long for these two banks to surpass HSBC in strength. Therefore, our Xijia wants to continue to maintain In order to gain influence in the financial field, someone must develop in a government bank. In fact, the development of our Xi family in the early years, including the great development of HSBC in China, all depended on doing business with the government. Our Xi family wants to continue to develop, You have to maintain a good relationship with the government.”

Hedge your bets.

This is Xi Yuguang's idea.

In the past, foreigners were the sky in China, they could do whatever they wanted.A big bank like HSBC can even influence the government's decision-making.

So it's okay.

But as Duan Xun became more and more powerful, and the Beijing government became more and more powerful, HSBC no longer had such influence.Not to mention anything else, the previous Chinese customs duties were stored in HSBC, but now they are all stored in Chinese banks.

That's a lot of money.

There are hundreds of millions of funds every year.The HSBC factor has lost so much money, which is a big blow to them.Moreover, HSBC used to undertake a lot of government loans and government bond work.

But now these jobs are handed over by the government to its own banks.

This is a process of ebb and flow.

So many compradors are also reconsidering.Xi Yuguang is one of them.The Xi family is now calling the shots in Shanghai, but Xi Yuguang cannot guarantee what the future holds.

Therefore, Xi Yuguang needs to do some diversification of investment.