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Chapter 822 Yinfa Bank

After analyzing the current situation to the three of them, Zhong Yi said again: "If you believe me, you will gain the opportunity in the market. By the time other bankers react, our banks have already occupied the high ground. I dare not say that the entire Chinese financial market will be our world from now on!"

After saying that, Zhong Yi looked at Li Qimo and the other two with a smile.

Although the three of them were still hesitating, Zhong Yi was very sure that they would agree in the end.

The reason is not complicated, because Mr. Marx said that when there is 50% profit, the capitalist will take risks! For the sake of 100% profit, the capitalist will dare to trample on all human laws! When there is 300% profit, the capitalist will dare to commit any crime, or even risk being hanged!

Before this, didn’t Li Qimo and the others risk being ruined and smuggled opium with Chen Jinmu?

You should know that the opium industry at this time had long lost its huge profits, and it was less than 50% of the profits, but why didn't Li Qimo and the others take risks?

But the big pie he drew could make Li Qimo and the others profit ten or even hundreds of times! Of course, China will get more, and sometimes cooperation can really achieve win-win results!

After a moment, Commod said, "Mayor, can we allow us to discuss in private?"

"Of course, there is no need to change places. You can discuss it in my office." After that, Zhong Yi got up and left.

Only Li Qimo, Commod, and McJoseph were left in the office, and Commod got up and closed the door.

Li Qimo said: "First of all, we are all ministers in Yinjiang, and the UK, France and the US governments are supporting us, so even if Zhong Yi is no longer in Yinjiang one day, he will not dare to cross the river and destroy the bridge."

McJoseph said: "Another point, funds are not a problem. I dare not say that if I have too much, there is still a way to get five million pounds. With a deposit of five million pounds, I can almost open a private bank."

Li Qimo said: "Aside from the third point, personnel are not a problem. Now all banks in Shanghai are trying to reduce their business. Some unemployed bank employees in the public concessions are not working. Not to mention Chinese, American, French, and British related employees are also taking a lot of them!"

Joseph McGrath said: "The office space is even less problematic. There are ready-made places in Jiangbei!"

Commod said: "Then there is only one last question left. Is it worth taking this risk?"

Li Qimo and Maijoseph looked at each other and asked Commod, "Commod, what about your opinion?"

Commod did not answer Liqimo's question immediately, but said to himself: "In April 1775, the American War of Independence fired the first shot in Lexington. At that time, the gap in strength between the thirteen North American colonies and the British Empire was much more disparate than the gap between China and Japan today."

“At that time, no one believed that the thirteen colonies in North America could win.”

"But in this situation, a group of Jews decided to gamble. They tried every means to raise funds and lend them to North American colonies. With the support of these Jews, the North American colonies miraculously won the war. From then on, the United States of America was born, and the group of Jews also received permission to establish the No. 1 Bank of America! This is the predecessor of the Federal Reserve! Now, the Federal Reserve has completely ruled the financial industry of the United States!"

Hearing this, Liqimo and McJoseph's eyes immediately lit up.

Because Commod painted an extremely attractive blueprint for them!

"Fake, do it!" Li Qimo waved his fat arms and roared in a low voice, "I've been betting!"

"Yes, I've bet!" Joseph McGee also had a raised beard and said viciously, "Just bet this one!"

"Okay." Commod nodded, "Since both of you have decided to participate, I will naturally advance and retreat with you. So, please ask Mayor Zhong Yi to come back and continue the conversation?"

Liqimo and McJoseph nodded at the same time.

Kang Mode got up, opened the door, and asked Zhong Yi from the corridor outside to return to the office.

Zhong Yi returned to the chair of the senior class and sat down, laughing and said, "It seems that the three of you have already discussed it?"

"Yes!" Commod nodded, "We have reached a preliminary intention and believe that your analysis of the current situation makes sense, so we unanimously decided to fight this!"

"Very good." Zhong Yi nodded happily and said, "Believe me, one day in the future, you will be proud of the decision you made today! You will also win generous rewards!"

Commod waved his hand and said, "Mayor, let's talk about something practical."

"Speak something practical?" Zhong Yi said, "Okay, let's talk about something practical. Let's talk about the name of the bank first, and it is called Yinjiang Development Bank, or Yinfa Bank for short. How about it?"

"Yinjiang Development Bank?" Kang Mod nodded, "Yes."

It doesn’t matter whether it’s Li Qimo and McJoseph, it’s just the same name, it’s not the point.

"Let's talk about shares." Zhong Yi said, "Yinjiang Development Bank can be called a wholly-owned foreign-funded bank to the outside world, but in fact, the Yinjiang Municipal Government must actually control shares, and its shares must not be less than 51%!"

Commod, Li Qimo and Mai Joseph, met, and asked again: "Dare you ask the mayor, how much funds can the Yinjiang Municipal Government take out to assign Yinfa Bank's deposit?"

"No." Zhong Yi spread his hands and said, "No one!"

"Farke, can't even take out a single child?" Liqimo and McJoseph jumped up.

Three black lines also floated on Commod's forehead. His nose was not the nose, his eyes were not the eyes and said, "Mayor, you are not a sincere attitude."

"No, I'm serious. The Yinjiang Municipal Government really can't get a penny." Zhong Yi said this, and then changed his mind and said, "But we can take out other assets to offset it!"

"Use other assets to pay for it? Your Excellency the Mayor means to use the city's fiscal revenue for the next few years to pay for it?" Commod's eyes lit up when he heard this. Such an operation is actually the same as that of the Beiyang government using tariffs and salt taxes as collateral and borrowing from Western banks.

"The city's fiscal revenue is sufficient?" Zhong Yi curled his lips and said, "Minister Commod, please stop joking. How can the city's fiscal revenue be sufficient? This is absolutely impossible!"

"Not the city finance?" Commod said confusedly, "Then what are you using to compensate?"
Chapter completed!
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