For Jiang Zhiqing's idea to succeed, the following conditions must be met.

1: Have a large amount of liquidity support and be able to grasp exchange rate fluctuations as soon as possible.

2: There are complete currency exchange channels for various countries.

Three: It can be carried out without being affected by external factors, such as the government, the underworld, and the forces of various countries.

Four: A large number of manpower that is reliable and can be controlled.

Five: Complete planning and support from financially proficient professionals.

When the three tycoons finally decided to join the plan, all five conditions were met. The three of them took advantage of both black and white on the beach in Shanghai. With the support of the Central Bank behind Jiang Zhiqing and the fueling of the American financial giants, the situation soon became

Entered the actual operation procedure.

Overnight, all kinds of idlers appeared from nowhere in the Bund Concession in Shanghai, especially near the Bund where there were many banks and foreign trading companies. These people openly bought or exchanged money from foreigners, company employees, ordinary citizens, etc.

The currency and transaction methods of various countries are simpler than those of banks. In some countries, the currency exchange ratio is even a few points higher than that of banks.

At first, people looked at these guys who didn't look like good people with wary eyes. But at noon, a foreigner happened to be in a hurry to exchange a small amount of U.S. dollars into oceans, and the bank happened to be closed for lunch break.

, he tried to recruit a "pile driver" who was wandering in front of the bank. Unexpectedly, the other party said that there was no problem. In just a few minutes, he exchanged the 30 US dollars in the hands of the foreigner into oceans, which made the foreigner very satisfied.

, raised his thumbs in praise and hurried away in a rickshaw.

As soon as the first loser comes, there will be a second one. It sounds like the exchange rate of these people is slightly higher than that of the bank, and there is not even the bank's handling fee and the hassle of waiting in line. Some people started to see this situation.

I was tempted, and I found them one after another who knew how to exchange small batches.

Of course, the results were very satisfying to these people. Over time, this kind of private foreign currency exchange became a scene on the beach in Shanghai, and was gradually accepted by people. Among them, there are inevitably some guys with flexible minds.

I saw the "money path" in it. I planned to get involved and do this kind of business. But who would have thought that when strangers appeared and entered this business, these "pile drivers" who treated customers with smiles and provided fast and good services would

The "models" suddenly changed their faces. One of them said hello, and they swarmed around each other. They first beat each other violently, and then grabbed all the money on them. Then a car drove quickly and threw the person in.

Where did they go? At this time, everyone suddenly realized. It turns out that it is not so easy to eat this bowl. People have long formed a group, organization and marketization, and they have basically monopolized this industry.

In just one month, using this method of accumulating small amounts into large sums, the final settlement figures stunned the three tycoons who were originally not very optimistic about this transaction, but were a little worried. Excluding personnel expenses, share payments, etc.

The monthly profit is actually as high as 716 yuan. The average monthly income of ordinary citizens here is only 610 yuan. The average monthly income of employees in foreign companies is 3,040 yuan, and the manager level is 80,120 yuan. The highest-paid university professor can reach 260 yuan or even higher. This

Under such circumstances, they actually made a profit of more than 70,000 yuan in one month, which is simply unbelievable. In ecstasy, the three tycoons could see the sight of silver dollars flying in front of their eyes. The success of the private exchange allowed them to see a golden avenue and this big business.

Compared to the opium business, which is quite risky and has a bad reputation, is it nothing?

What's more, this is the result of their trying but not daring to fully invest. If they put all their energy into it, I'm afraid it would be easy to make a profit of 100,000 yuan a month. Wouldn't it be a million in one year? It's really great.

made money.

Good results are like giving the three tycoons a shot of chicken blood, making them so excited that they can't help themselves. In order to make this business better and bigger, the three people discussed in private and decided to increase their investment, and blatantly went to various places in Shanghai.

They opened fixed exchange places everywhere to compete for banking business. Of course, Jiang Zhiqing supported their enthusiasm and quietly helped them deal with the pressure from the banks. Coupled with the influence of the three tycoons themselves, these fixed

Currency exchange shops sprung up like mushrooms after a rain. More than two months later, there were a total of 37 currency exchange shops in the entire Shanghai Beach, with a total of 573 employees including "pile driving models".

After receiving the report from Jiang Zhiqing from Shanghai, Fang Zida couldn't help but praise a few words. He also didn't expect that Jiang Zhiqing and the three tycoons teamed up to create such a situation. Not only was it known as the "piling model"

Scalpers appeared early, and even private currency exchange companies that were originally expected to appear in Hong Kong decades later also appeared. It must be said that their combined effect is a few points more than one plus one equals three, and their results are obviously even

Fang Zida didn't expect it either.

Moreover, under Fang Zida's repeated strict control, the business of the three tycoons did not harm Dayang's foreign exchange rate. Their main profits were generated in the currencies of other countries, and were partially subsidized by the central bank through investment banks. This expenditure is consistent with income.

The ratio is far from worth mentioning. While the three tycoons were making a lot of money, the central bank controlled the exchange rate difference and sold (exchanged) currencies of various countries such as yen, marks, pounds, francs, rubles, etc. through the hands of Jiang Zhiqing.

, and even made a lot of money in it, and the results are even more shocking.

Theoretically, this is already a primary foreign exchange market, and it also means foreign exchange futures. Shanghai is the largest financial city in Asia, and its status is self-evident. Through the changes in the exchange rates of various countries in Shanghai,

Although it will not cause major changes in international exchanges such as London and New York for the time being, the impact is obvious. And since Japan is a neighbor of China, the Japanese economy is most affected by China or Shanghai.

While controlling the exchange rate in Shanghai, the exchange rate of the Japanese yen began to gradually change.

Nowadays, the Japanese government has adopted foreign exchange control measures after the counterfeit banknote incident. However, although foreign exchange control temporarily solves thorny financial problems, it is also a double-edged sword. It can not only keep foreign financial capital out of the country, but it can also

I locked myself in a room. You must know that Japan is an island country lacking resources. Since the Meiji Restoration, Japan’s economic source has been mainly processing with imported materials and competing for the market with European and American products at low prices. The implementation of the foreign exchange control system,

The Japanese yen cannot be freely convertible. Except for some large consortiums with government background, many small and medium-sized enterprises in Japan are faced with the situation of holding large amounts of Japanese yen but unable to purchase raw materials in the international market. If purchased through the Japanese government's exchange of currency, they will

Suffering a large exchange rate loss is a huge blow to small and medium-sized enterprises.

Colleagues in Shanghai's underground foreign exchange market are gradually emerging, and Japanese businessmen with a keen sense of smell see hope in it. Because of the joint crackdown by Fang Zida and the General Taxation Department, there is no profit channel for smuggling silver dollars, and some Japanese businessmen bring Japanese yen with them.

Go to Shanghai and exchange them privately for freely convertible currencies of various countries (excluding the ocean). Then use these currencies to purchase raw materials in the international market to supply factory production, or directly take them back to your country and learn how to do it.

Use the underground foreign exchange market in Shanghai to exchange them to business owners who are in desperate need of foreign currency to make huge profits.

It has to be said that the Japanese are a nation that can learn from others and carry forward the strengths of others. While the underground foreign exchange market in Shanghai was booming, some Japanese businessmen with flexible minds followed suit and started doing this in Japan.

In the underground market, of course, the rate they exchange with domestic merchants and business owners who need foreign currency is definitely higher than that in Shanghai, but even this is far better than the outrageous exchange rate stipulated by the Japanese government.

It is also much more convenient. For a time, sneaky Japanese scalpers can often be seen coming in and out of various currency exchange shops in Shanghai. Some people even close down domestic factories and invest all their property in this method. This operation method is simple, quick, and profitable.

In an industry with high profits, these businessmen are not even satisfied with the long round trip cycle and poor security. They have jointly proposed to join hands with the three tycoons to do this deal. It is best for both parties to form a strategic cooperation and start a pass-through business.

To maximize profits.

After receiving this request, the three tycoons immediately reported it to Jiang Zhiqing. Jiang Zhiqing did not dare to make any claims without authorization and quickly telegraphed Fang Zida. When the telegram was delivered to Fang Zida, he was drinking coffee. He just glanced at the telegram and replied in one gulp.

The coffee in my mouth spurted out suddenly.

After fussing for a while, he found a towel and dried his mouth. Fang Zida's laughter echoed in the office for a long time. He immediately asked someone to reply to Jiang Zhiqing. The entire telegram contained only two words "Agree!". After the telegram was sent, Fang Zida came to find him.

Zhou Yuanliang asked him to immediately prepare a group of capable personnel to go to Shanghai as telegraph operators.

Soon, Jiang Zhiqing, who was waiting for the reply, instructed the three tycoons to agree to the request of the Japanese businessmen, and discussed the cooperation methods. Finally, they decided to form a Shanghai-Tokyo alliance, and each stationed liaison personnel to communicate by commercial telegram.

None, use their respective advantages to carry out cross-border and cross-regional currency exchange operations.

The calendar of 1917 quickly turned over. When the footsteps of 1918 arrived, the Shanghai-Tokyo underground foreign exchange market was officially established. Just between January and February 1918, both parties made a total profit of 574,800 through this method.

Yuan, when the final data was handed over to Jiang Zhiqing and the three tycoons who were playing mahjong at Huanghuangrong Mansion, Zhang Xiaolin's eyes were straightened on the spot, Du Yuesheng's face was red with excitement, and Huanghuangrong's eyes almost stared.
Chapter completed!