The shocking story behind the Jiang family s huge wealth

Mondo Culture Updated on 2024-01-19

In the late forties of the twentieth century, the civil war between the Kuomintang and the Communist Party broke out, and Chiang Kai-shek led the use of US aid against the PLA, but suffered frequent defeats, and American-style equipment was frequently "sent" to the enemy. In an effort to salvage the decline, Chiang Kai-shek invested in a program called the "Economic Emergency Solution," which was intended to save the precarious economy through financial means.

Shanghai Shock: Chiang Ching-kuo's plundering operation.

After careful consideration, Chiang Kai-shek selected Shanghai, the most economically prosperous region in the country, as the battlefield of "economic emergency disposal", and his own son Chiang Ching-kuo was responsible for carrying it out. Although Chiang Ching-kuo's official position was not prominent, he was still appointed as the "Economic Supervisor of Shanghai" by virtue of his status and power. On August 20, 1948, Chiang Ching-kuo led the "Economic Survey and Construction Brigade" trained by him to Shanghai and began a sensational fortune plundering operation.

Under the command of Chiang Ching-kuo, the "Survey and Construction Brigade" hit it off with the military and police units, forcibly entered factories, shops, warehouses, and private houses to carry out large-scale looting. They forced the people to exchange their gold, silver, and foreign exchange for the newly issued "Golden Yuan Bills." For a while, Shanghai was in turmoil, and there was no peace day and night.

Plundering results: Despite the results, Chiang Ching-kuo was not satisfied.

A month later, the "Exploration and Construction Brigade" and the military and police units achieved outstanding "results", and the foreign currency exchanged by the Shanghai Bank reached 3$7.3 billion. However, Chiang Kai-shek was still not satisfied with this achievement, and Chiang Ching-kuo was also dissatisfied with the harvest. On closer inspection, Chiang Ching-kuo found that only a few small characters were captured, and the target of the "Tiger" level was still unharmed. He firmly believes that the "Tiger Fighting Team" should aim at the real "tigers", and it is not enough not to move the real character.

Operation Tiger: Chiang Ching-kuo tried to overthrow the boss.

Chiang Ching-kuo ordered the arrest of a group of real "tigers", including Tao Qiming, secretary of the Ministry of Finance, Zhang Yani, section chief of the Shanghai Garrison Command, and Qi Zaiyu, captain of the brigade, who were shot on the street by a firing squad soon after on suspicion of hoarding Juqi and other crimes. In addition, 64 large businessmen were arrested.

Crisis of infighting: Chiang Kai-shek puts an end to Chiang Ching-kuo's extreme behavior.

However, when Chiang Ching-kuo was confiscating the US dollar bills of his cousin Kong Lingkan, the general manager of the "Yang Company", he received an urgent telegram from Chiang Kai-shek, ordering him to stop his actions. The next day, Song Meiling personally came from Beijing and took Kong Lingkan away, and Chiang Ching-kuo's "Tiger Fighting Team" disappeared from then on.

"Failure: Grievances in Economic Turmoil."

Although the "economic exploration and construction" has looted a large number of people's fat and cream, it has not brought the economy back to life. On November 1, 1948, the national ** announced the cessation of the "economic reform" and the abolition of the price limit, which ultimately ended in failure. The "Golden Yuan Coupons" exchanged by the people with ** and foreign exchange also became a piece of paper, which caused widespread anger and dissatisfaction with the Chiang regime.

Wealth transfer: Chiang Kai-shek's forbearance catastrophe is coming.

Chiang Kai-shek gradually felt that the situation on the mainland was not good, and in order to prevent **bank** from falling into the hands of the CCP, in February 1949, he ordered the use of planes, **** and silver dollars to secretly transfer ** and silver dollars to Taiwan several times. It is estimated that these fortunes are worth at least $500 million.

Taiwan Takeover: The End of Chiang's Family Fortune.

In May 1949, Chiang Ching-kuo came to Shanghai again, but this time the task was not to fight tigers, but to deal with the evacuation of supplies. However, **'s shells were near the airfield**, forcing him to change his plans. Before he arrived in Shanghai, thousands of ships had departed loaded with the fruits of the hard work of mainland residents.

Taiwan's rich: Kuomintang elites moved to the table with huge wealth.

Chiang Kai-shek and his cronies were not only wealthy families, but other Kuomintang elites also moved to Taiwan with huge assets. These riches became the "start-up capital" for Taiwan's economic take-off, however, if these riches remained in Chinese mainland, they would bring great impetus to the economy of New China.

Historical traces: the ups and downs of the national fortune behind Chiang's theft.

Before the founding of the People's Republic of China, Chiang Kai-shek and Chiang Ching-kuo frantically stole the wealth of the whole country in the name of "economic emergency disposal". This is undoubtedly one of the largest theft groups in Chinese history. Their actions not only left China's ** treasury empty, but also left the entire Chinese mainland with little wealth left. The loss of this wealth became part of Taiwan's rise, but it was a huge loss for the economic development of the new China.

This article profoundly reveals the economic turmoil and political struggle during the civil war between the Kuomintang and the Communist Party of China in the late forties of the twentieth century. Chiang Kai-shek, who had suffered frequent defeats on the battlefield, implemented a series of measures known as the "Economic Emergency Plan" in order to recover the economic decline, and Chiang Ching-kuo, the son of Chiang Kai-shek, was responsible for the implementation in Shanghai. This so-called "economic reform" has essentially turned into a large-scale looting of people's wealth, which has triggered a huge social **.

The article vividly depicts the wanton behavior of the "Economic Survey and Construction Brigade" led by Chiang Ching-kuo in Shanghai, forcing the people to exchange "golden yuan coupons" through forced looting of ** and foreign currency, which eventually led to social chaos and unrest in the people's hearts. This phenomenon of the rich getting richer and the poor getting poorer made social contradictions intensify, reflecting the serious problems in the political and economic conditions at that time.

The article provides an in-depth analysis of Chiang Ching-kuo's internal struggles in the execution of the "Tiger Squad" operation, revealing his pursuit of "tiger" level goals and the embarrassing situation in which Chiang Kai-shek finally stopped him. This shows that there were differences within the KMT at that time on how to deal with political and economic issues, and it also reflects the failure and confusion of the KMT in economic reform.

The article also highlights Chiang Kai-shek's means of transferring large quantities of ** and silver dollars to Taiwan through secret transportation in order to prevent wealth from falling into the hands of the CCP. This series of wealth transfer behaviors not only dealt a heavy blow to the economy of Chinese mainland, but also provided a huge amount of start-up capital for Taiwan's economic rise, which had a far-reaching impact on the future development of the two sides of the strait.

In the end, the article stresses that this "economic emergency" failed to salvage Chiang's regime from decline, but instead led to a deeper economic and social crisis. On the eve of the founding of the People's Republic of China, the Chiang family and other Kuomintang elites transferred large amounts of wealth to Taiwan through plunder, a move that left an indelible mark in history and became a worthy chapter in modern Chinese history.

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