People always have a bad habit of forgetting the pain when the scar is healed.
In 1921, the "letter communication trend" in the Shanghai stock market brought the trend of speculation to its peak.
At that time, not to mention ordinary citizens, even revolutionary parties such as Zhang Jingjiang, Chairman, Chen Guofu, etc. were fully committed to it.
In the end, after this crisis, only 6 exchanges including securities and gold industry survived in the Shanghai capital market. The securities industry that was once prosperous in the past fell to the bottom, while the public bond market quietly rose.
The downturn in Shanghai's securities market lasted until 1939. The public bond market plummeted due to the outbreak of the Anti-Japanese War. At almost the same time, the stock market quietly recovered in the Shanghai Concession.
And it is about to enter a stage of prosperity.
Another abnormal and crazy stock market is taking shape.
The Shanghai Stock Exchange originally only dealt in public bonds, but after the war, no one paid attention to the public bonds, and they fell badly.
As a result, the stocks of forty or fifty major manufacturers were listed on the market. The three companies with larger stock amounts were Yongan Cotton Mill, Xinguang Underwear, and Meiya Silk. Many stock traders targeted these three companies.
Of course, the sudden revival of the Shanghai securities market during the isolated island period was related to the particularity of the concession, because at that time the Japanese army was unable to enter the concession due to the pressure of the British and American powers. Although the island was isolated, its safety was relatively guaranteed.
During this period, the major banks and exchanges in the concession continued to operate as usual. As the war expanded, capital from the occupied areas and later Nanyang and Hong Kong capital also entered one after another;
Coupled with factors such as the Sino-Japanese arbitrage war and the intensification of legal currency inflation, the concession has become the best "refuge" to escape the plunder of the Japanese invaders. It also provides excellent conditions for speculative activities such as hoarding goods to preserve value.
The hot money flowing into the Shanghai Concession from various places has increased to more than 5 billion yuan. Driven by this surge of funds, the stock market, which has been neglected for a long time, has ushered in a God-given opportunity to turn around!
Fenghui Woolen Mill.
This is a very small woolen mill with only twenty-four workers in total. The chairman and general manager is Ren Pingde, a businessman who does his job well.
A woolen mill like this, after deducting miscellaneous taxes and various expenses every year before the war, could not make a fortune, but at least it could allow the whole family to live a well-off life.
This is considered good.
However, after the war, the prices of various raw materials rose sharply, and they faced severe market competition. Life suddenly became difficult.
Ren Pingde thought about selling the factory several times, but he never found anyone to take over.
In the morning, the workers' representative found Ren Pingde. He already owed the workers two months' salary. Workers are human beings too, and they also need to eat and support their families.
Ren Pingde accompanied Smiley and tried to persuade the workers' representatives to go away.
But how will you spend the next days?
"Chairman, I have a guest to see you."
"Oh, please, please."
Ren Pingde said hurriedly.
Now, customers are like treasures in his eyes.
A pair of young men and women came in. The woman was very tall and looked like she was half a head shorter than the man.
Upon entering, the two parties exchanged business cards.
The avatar on the business card is "Zhu Yanfan, General Manager of Hong Kong Luck Co., Ltd."
"Hello, general manager."
Ren Pingde was full of enthusiasm and poured tea: "I wonder if I can help you somewhere?"
Although Zhu Yanfan was young, he was merciless when he spoke: "Chairman Ren, your factory may not be able to continue operating, right?"
Although what he said was true, how could anyone speak so straightforwardly?
Ren Pingde looked embarrassed: "I wonder where General Manager Zhu got this news? Although our factory is small, it is operating normally. Although it cannot be compared with those big factories, the business volume and payment collection can still be guaranteed. .”
Zhu Yanfan smiled: "Why hold on? If you can't drive, you can't drive."
Ren Pingde's expression changed slightly: "If General Manager Zhu is here to entertain people, I'm very busy and really don't have time to socialize. I'm sorry."
"I'm not here to entertain you, I'm here to discuss the acquisition of Fenghui Woolen Mill."
"What?"
One sentence made Ren Pingde startled: "You want to buy my woolen mill?"
"That's right." Zhu Yanfan nodded and said, "Your factory is not worth much. All the machinery and equipment have been eliminated. It is only worth twenty or thirty thousand national currency at most. I will give you forty thousand national currency to buy it for you!"
Entering 1939, although the legal currency continued to depreciate compared to before the war, the credit of the entire system was still there and did not collapse.
In particular, the National Government's upcoming "Outline for Consolidating Financial Measures" is intended to curb inflationary impulses and control currency development.
Moreover, after the implementation of the outline, it did achieve good results in the initial stage.
With such a good opportunity presented to him, how could Ren Pingde not agree to it? But he is a businessman after all, so it would be good to raise the price by an extra dollar.
He was much more polite when he spoke: "General Manager, although my woolen mill is a little small, the workers are mature and it has certain market competitiveness. Is your price a little low?"
"Thirty-nine thousand."
Zhu Yanfan said without batting an eyelid.
"No, General Manager Zhu, this price is really low..."
"Thirty-eight thousand."
"Why are you talking about business?"
"Thirty-seven thousand."
"Etc., etc."
Ren Pingde was really anxious: "The agreed upon amount is 40,000."
Zhu Yanfan smiled: "In the afternoon, someone will come to handle the transfer procedures with you. Every plant, tree, screw, and cloth in this factory belongs to me from now on. You can't take anything away."
"Hey, hey."
Ren Pingde knew that he had met his opponent: "General Manager Zhu, I won't hide it from you. I owe the workers in the factory two months' salary. This money..."
"Logically speaking, the wages you owe the workers have nothing to do with me."
Zhu Yanfan said slowly: "But I am in a good mood today. Go and tell the workers that the factory is about to change hands. The new management will bear all the workers' unpaid wages, and they will be paid as soon as the transfer of the factory is completed. You go and notify now .My assistant will go with you."
"Yes Yes."
Ren Pingde exclaimed in his heart that it was awesome.
Put it this way, how can any worker not support the new management? This meant that Zhu Yanfan didn't need to send any more people, so he just let the workers in the factory monitor him.
It's impossible to take anything away.
The problem is, this factory is small and the machines are old and of little value. There is nothing that can be taken away, right?
"Wait a minute." Zhu Yanfan stopped his tall and beautiful assistant: "Tell the workers again that they will still go to work as normal every day. They only have one job, which is to clean the machines, clean the sanitation, and count the survival. Not only will I keep paying them, but I will also All salaries will be increased by 20%."
"yes."
The tall beauty replied expressionlessly.
Ren Pingde became even more confused.
What is this going to do?
Isn’t this just a matter of letting workers wait for their money every day?
I really can’t figure out what these rich people are thinking!
