In the early 1880s, a group of companies raised funds by raising shares, and institutions that sold stocks appeared. In the ninth year of Guangxu's reign in the Qing Dynasty (1883), a financial crisis broke out. The stock market basically stopped "speculation," and the speculative craze could be said to have penetrated into Shanghai long ago.

In the bones of "adventurers from the East and the West", even as early as the late Qing Dynasty, they dared to speculate in stocks without a stock exchange. It was precisely because of this that a crisis broke out six years ago that hit half of China.

"The Rubber Stock Case".

At that time, it was the Western Commercial Public Company that played this role. It was the earliest organized securities market in old China. After the war, as joint-stock foreign-funded banks and foreign-invested enterprises entered Shanghai one after another, "Guangxu seventeenth year (1891)

), some brokers specializing in securities trading in Shanghai Hengshang Enterprises formed the "Shanghai Stock Exchange", which is actually a securities brokers association, but it has already taken the form of an exchange. The initial securities trading activities of the association did not have a fixed trading place.

It was not until the 26th year of Guangxu that it was carried out within the Guild. In the 31st year of Guangxu, with the official approval of the Hong Kong government, the Guild was reorganized into the Shanghai Public Industry Office and operated as a formal stock exchange.

At the beginning of the 20th century, the Shanghai Public Industry Office for foreign investors was established, and the Shanghai industrial and commercial circles proposed the establishment of a Chinese stock exchange. In the 3rd year of the Republic of China, the Shanghai Stock Exchange Association was established, with a trading place for current and regular trading. In December of the 2nd year, the Beijing government promulgated and implemented

China's first securities trading regulation, the Stock Exchange Law, was established at the same time as the Lianyungang Stock Exchange. The establishment of the Lianyungang Stock Exchange stimulated the founders of the Shanghai Huashang Exchange and began to actively strive for the early opening of the Chinese exchange.

activity.

In May of the following year, the Ministry of Finance promulgated Article 26 of the "Implementation Rules of the Stock Exchange Law" and promulgated Article 13 of the subsidiary rules. After that, the Shanghai Securities and Articles Exchange was established. In the following year, the Shanghai Securities and Articles Exchange followed the "Public Bonds"

trend" and became one of the most well-known exchanges in the country.

Unlike the Lianyungang Stock Exchange, which prefers investment, the Shanghai Securities Exchange has clearly pointed towards speculation from the beginning. Public bonds and futures have always been the two favorite things of people here. Speculation, for Shanghai's "East and West"

For "adventurers", "Opportunity" often means getting rich overnight.

Fanaticism, anything can set off a fanaticism, just like the public bond fanaticism in the Shanghai Stock Exchange in the past year. At this time, this kind of fanaticism has become more and more intense as the situation stabilizes and others add fuel to the flames. In this world

No one can predict the future. And once those speculators fall into fanaticism, they often forget one thing - the banker will always win in any speculation!

Amid the noise in the Shanghai Stock Exchange, under the good news that "Yuan and Li jointly attended the completion ceremony of the Beijing-Tianjin Highway", the price of public bonds rose slightly again. Of course, the good news is only one side, and the real

But the promoters were laymen, and it was only under the premise of large-scale buying by merchants that everything rose slightly.

You know, yesterday, the public bond market was still affected by the "attack on Li Zicheng", so that the price of public bonds continued to fall. However, with the dual efforts of banks and merchants, especially since the central government has not announced the "attack" to the outside world,

They saw an opportunity, and HSBC got positive news through the embassy - Yuan Shikai went to Tianjin to attend the completion ceremony of the Beijing-Tianjin Highway. What does this mean?

For these bankers and speculators in Shanghai, this means that China's political situation will not change. After yesterday's sell-off of tens of millions, in order to stabilize the market, bankers and speculators opened the market today.

Merchants invested more than 10 million yuan in buying public bonds to stabilize the market and prepare for the next sell-off.

rise!

Under this general premise, almost everyone believed it. Almost as soon as the market opened, people who were affected by the "grapevine" yesterday immediately sold public bonds, while agents who had already made plans followed the requirements of the boss behind the scenes.

, rushing to buy public bonds on the market. This will prevent public bond prices from falling and lay a "solid foundation" for the future.

"Rise, rise, rise..."

At this time, the entire exchange was full of noise. With the investment of tens of millions of funds, the public debt, which fell by more than 20% yesterday, quickly rose again. Faced with the rapid increase, the exchange

The traders and agents were all breathing heavily and their faces were red. This kind of enthusiasm is enough to infect everyone, enough to make everyone crazy and even lose their way.

fanaticism!

It seems that overnight, the unprecedented craze for rubber stocks once again swept through Shanghai. When the Shanghai Stock Exchange fell into a frenzy, those white-faced people who had received money began to do business in the streets, teahouses,

There was talk of "public debt" in the wine stalls. The public debt that once cost 50 cents has now risen to 1.2 cents. Yesterday it fell to less than 90 cents. The public debt has risen to 1.2 cents as soon as the market opened. It is not only those well-dressed white-faced people who are talking about these words.

, there are even "ordinary people" such as coachmen, old women, women, and even shoe shiners talking about how much money they earned from buying public bonds.

It seems that now, the most profitable business in the world is to buy public bonds. It only takes one night to transform from a pauper to a billionaire tycoon. Of course, this is just people's dream.

These white-faced people are all "rumor makers" hired by Western merchants through agents. Just like the rubber stocks six years ago, they took advantage of the market enthusiasm to spread gossip through various channels, especially news of huge profits. In this regard, the Western merchants manipulated

The businessmen of Zhongye are very familiar with it. They have long been accustomed to making huge profits through this kind of manipulation. Although they repeat this method again and again, only a very small number of people can look at it calmly.

For many people, they would rather take a risk, maybe, this time, they will become rich overnight.

One, two, dozens, or hundreds of ordinary citizens with the intention of making a fortune and their life savings began to tentatively enter the stock exchange. However, they were surprised to find that there were not many public bonds available in the market.

They buy, and almost as soon as someone puts it up for sale, there are hundreds or thousands of accounts rushing to buy it.

“The market is driven by rumors!”

When he learned from the associate director that the stock exchange hall was crowded with people coming to watch or buy government bonds, a smile flashed across Jacob Sassoon's face, which was exactly what he needed.

In just a few more days, when the frenzy of the market is dominated by reluctance to sell and rush to buy, it will be the end.

"Is everything done at the newspaper office?"

In the senior members' room, Jacob Sassoon specifically asked the associate director next to him.

"Yes, Taipan. The newspapers have already taken care of it. Tonight, at least 95 newspapers across the country will report it..."

The associate's report made Jacob Sassoon nod with satisfaction. Now is the time to encourage people. It is not enough for ordinary investors to scoop up spare money to speculate in government bonds. He also needs to use the "rolling dividends of public bonds" to turn banks and even

The higher-level financial companies behind the bank - the bank account known as "Qianzhuang Qianzhuang" and small local banks are involved. After they are involved, he and his friends can release those public bonds, thus

…

Although he was in a separate senior member's room, Jacob Sassoon still heard the noisy noise coming from outside. That noise meant wealth, meant...

"Taipan, someone is listing government bonds for sale again!"

"How many?"

"five million!"

"Take it in, take whatever is available on the market!"

When saying this, Jacob Sassoon seemed confident. HSBC not only gave their own traders the authority to exceed 100 million yuan, but also entrusted him to act as agent for 50 million of them. Of course. Regardless.

Whether it was HSBC or Sassoon's own funds, the funds were divided into tens of thousands of accounts, thus creating the illusion of "market panic buying".

When he said this, he didn't mean anything at all. HSBC gave him reassurance not only in terms of funds, but also in terms of information.

"Someone else has listed it for sale? More than a hundred accounts?"

A few minutes later, the news that the new listing was sold only shocked Jacob Sassoon. At this moment, he seemed to feel that something was wrong. Is there some conspiracy behind this?

"Nearly 20 million..."

Just when he was hesitating, new news came over that someone was rushing to buy n batches of new accounts with them.

"Did anyone also see the opportunity?"

When such an idea came into Jacob Sassoon's mind, the door of the members' room was pushed open again, and a senior comprador from a foreign company walked in.

"Taiwan, there is a telegram from Tianjin Branch!"

Upon hearing the telegram from Tianjin, Jacob Sassoon suddenly became a little excited.

"Quick, send me a telegram!"

The smile on Sassoon's face became even wider after receiving the telegram. The content of the telegram was very simple. Yuan Shikai and Li Zicheng attended the completion ceremony of the Beijing-Tianjin Highway together...

It was just a simple telegram, but it revealed the accuracy of HSBC's intelligence. Yuan and Li did not break up due to the attack, and the political situation would not undergo major changes, which meant that he could implement the plan step by step.

"Send the telegram to Mr. Andrew at HSBC! Tell him that the time has come!"

After handing the telegram to the associate councilor next to him, Jacob Sassoon looked solemn and said in a very serious tone.

"Now, tell all our agents, from now on, we will collect whatever is on the market, no need to ask for instructions step by step. Today, we are going to push the public debt to $1.4!"

Finally, with Jacob Sassoon's order, the temperature in the stock exchange rose again. Compared with the previous frenzy, which was calm, this time it was completely boiling, and traders kept

They were waving pieces of paper in their hands and shouting loudly, and on the trading board, the price would be refreshed almost every minute. Finally, at eleven o'clock in the morning, the flames of fanaticism in the Shanghai Stock Exchange were completely wiped out.

lit.

One soup and one fried rice with sausage and egg.

This was Zhou Zuomin's lunch. While he was enjoying his lunch, the stock exchange was already closed for lunch, but all the news proved one thing. With the dual efforts of the bank and Youshang, the flames were ignited.

Already.

Zhou Zuomin looked extremely relaxed while enjoying the fragrant sausage and egg fried rice. Now, the only thing he has to do is to wait for the opening time. Through the sales yesterday and this morning, he has accumulated as much as 5,000 yuan in his hands.

Ten thousand of "profit funds" will also "join" the rush in the afternoon, but how much will he sell in the afternoon?

I'm afraid only he himself knows this.

"Hmph..."

Thinking of the decisive battle in a few hours, Zhou Zuomin once again flashed a sneer on his face, and this sneer was filled with pride. This time, when he was about to take over the rubber stock case with profit, China Bank

Not only that, if successful, he might even destroy an empire!

A financial empire that dominates China's finance. And more importantly, when all this is over, a brand new empire will appear in front of the world, and this empire will replace the former's position.

"bell!"

As the opening bell rang, the Shanghai Stock Exchange, which had been silent for a whole noon, started to boil again. Almost as soon as the market opened, nearly 10 million yuan of capital flowed, which was far more than any time period in the past.

News began to spread among traders. Several banks invested huge sums of money to buy from them.

The phone rang harshly, and Li Bin Qi, who had been restless since the morning until now, quickly picked up the phone.

"Hey, what? The bank has come in... Great, very good. We are rushing to buy with them. We must make sure that there is no flow of public debt in the market. Do you understand?"

The moment he hung up the phone, Qi Libin breathed a sigh of relief. Now, finally, the real "giant" came in. As for the spare money of ordinary people, he simply saw it in his eyes. What this action really attracted was the past.

In the past few years, China's banking and banking industries have fully developed. Perhaps many of them are HSBC's "private agencies", but they must not be HSBC's assets. Now, they will soon be in this "fad"
To be continued...