List of Quality Authors Premium Short ** Plan
China International Commercial Bank is a Chinese-funded bank established in Shanghai in the 23rd year of Guangxu by Sheng Xuanhuai, Minister of Railway Affairs, after the Qing court, and is the first bank run by the Chinese, breaking the monopoly of foreign banks after the opening of Shanghai in 1843. On February 4, 1903, the China International Commercial Bank discovered a batch of counterfeit banknotes. This is also the first time that counterfeit banknotes have been found in China.
On February 5, the holders of the Bank ran on the bills, and other banks refused to use the banknotes, so the bank had to use gold and silver as collateral to obtain 700,000 yuan from the British HSBC Bank to temporarily alleviate the crisis. In less than a week, the exchange amount exceeded 500,000 yuan.
On February 6, Yoshiyuki Nakai attracted the attention of bank staff when he took a counterfeit 4,000 yuan bill to HSBC for exchange, and was finally arrested by the British patrol room. After investigation, the main culprits in the counterfeit banknote case were all Japanese, and the counterfeit 5 yuan and 10 yuan banknotes totaled about 300,000 yuan. Due to the failure of his business, Yoshinosuke Nakai conspired with Tadataro Yamashita, Nosuke Kannohara, Motochi Ueda and others to make money by counterfeiting money. After the printing was made in Osaka, the counterfeit banknotes were brought into the market through the Japanese trading company in Shanghai, and the patrol house also found a large number of counterfeit banknotes that had not entered the market at the residences of several people.
The counterfeit banknotes caused great chaos in the financial market, especially the commercial credit that the Commerce Bank had built up with great difficulty, and the deposits increased from 3.97 million taels** to 1.89 million taels, and the branches in many places were abolished, and by 1905, only the branches in Beijing, Hankow, and Yantai remained.
Foreign Minister Yi Xuan sent a note to the Japanese Consul General in Shanghai, Oda Kirimanju, demanding that Japan deal with it strictly, and extradite the criminals to find out the truth and compensate the International Commercial Bank for its losses. This is the epitome of semi-colonial and semi-feudal modern China, and it is also the sadness of that era.
Thank you for your attention, welcome to leave a message in the comment area.
Part** comes from the Internet, if there is any infringement, please contact the author to delete).