Xuzhou Hengtongji, in the luxurious living room on the second floor.

"Please think about it, everyone. Has the Jiangnan Group ever made a tael of silver since its establishment?"

After hearing what Song Xiaoming said, the bosses were stunned. Although they were all in Nanzhi, Xuzhou and Jiangnan were two completely different worlds. Their understanding of Jiangnan Group was limited to hearsay. However, it was unbelievable that such a large company had never made any money.

"I know this is too sensational, but it is the truth." Song Xiaoming said in a deep voice, "I have been following them closely for more than half a year, and I can tell you responsibly that the so-called genius Mr. Zhao is nothing but a liar who loves to show off and has no idea of ​​his own life! He let Jiangnan Group create more than a dozen companies at the same time, and all of them are in the start-up stage of burning money, and they haven't made a penny yet!"

Manager Song gave his conclusion first, and then continued to say to the stunned bank, silver bank and pawnshop owner:

"Their expenses are ridiculously high, and it's easy to find out. Let me do a simple calculation for you... From last year to now, they have built a 350-li levee in Kunshan. Even if they have cement and their own stones, such a large project would cost a lot of money, including food, horse fodder, and light industrial auxiliary materials. And later they also had to pay the laborers. They couldn't have done it without spending two million taels!"

"Hiss..." The bosses gasped, thinking that a 350-li stone embankment would normally cost 10 million taels, right? Jiangnan Group could repair it with 2 million taels? Isn't this too scary?

Seeing that his words had the opposite effect, Song Xiaoming coughed and continued:

"Moreover, they did not ask Kunshan County to pay. They only asked the county to rent the abandoned and flooded land to them for a long time, and then they recruited refugees to cultivate the land. This clumsy way of making profits not only failed to recover their costs, but also increased their expenses by at least 500,000 taels."

"In addition, they also used the same method to build a 100-mile seawall in Chongming County, spending at least another one million taels."

"They also acquired nearly one million mu of saline-alkali land in Pudong, Shanghai County, which cost another one million taels."

"Also, after the civil unrest in Suzhou last year, the guy named Zhao acted as a big shot and bought up silk freely, but he was lucky to be able to sell half of it. The rest was all piled up in the warehouse, which is at least another two million taels."

"After hearing the news, all the prefectures and counties in Jiangnan came to him one after another, hoping that he would also buy their silk. The boy surnamed Zhao accepted all the requests.

According to the latest news, more than half of the 61 counties in the ten prefectures of Jiangnan have signed sales contracts with them. Although the payment will be settled at the end of the year, the deposit of 100,000 taels for each county has already been paid. "

"That's another three million taels..." The boss was dizzy after hearing this. Isn't this Jiangnan Group too scary? This is money being thrown around like water!

"In addition, in order to build thousand-ton sea-going ships for sea transportation, they placed orders of one million taels of silver with Longjiang Baochuan Factory and Suzhou Shipyard. They also donated a county town to Chongming County, which cost at least 200,000 taels of silver. They also opened academies, hospitals, and more than a dozen schools at all levels in Suzhou, which cost at least 300,000 taels of silver. This does not include the expenses of building their headquarters and paying the workers. The total cost has reached 11 million taels of silver!"

"Wow..." There was an exclamation in the living room. "Spending so much money?!"

"Of course. That guy overestimated his own capabilities and put the entire Jiangnan on his shoulders. Don't be fooled by the Jiangnan Group's apparent glory. In fact, it is all supported by the money from the Jiangnan Bank!" Song Xiaoming sneered and said:

"Why doesn't he dare to publicly issue stocks to make money like Xishan Company did? Because then the income and expenditure situation can't be concealed. If people knew that he spent more than 10 million taels a year but didn't make a single tael of silver, those shareholders and creditors would eat him alive. Who would buy his stocks?!"

The bosses couldn't help but nod their heads, which also answered a question in their minds. Why didn't Mr. Zhao follow suit and let Jiangnan Group issue stocks? They missed Xishan Company, but they didn't want to miss out on Jiangnan Group again...

Now I know that this is a hearse. Fortunately, I didn't come, otherwise I would have gone straight to the underworld.

The bosses wiped their sweat in relief and asked, "How much silver do they have in stock now?"

"The predecessor of Jiangnan Bank, Wuji Money House, had deposits of only three to four million taels of silver. Although they have been absorbing deposits crazily recently, the time is still short after all, and the maximum they can reach is 20 million taels." Song Xiaoming replied in a deep voice.

Jiangnan Group is a private company and will not release financial statements to the public. The operating conditions of Jiangnan Bank are even more confidential. Song Xiaoming tried his best but still couldn't find out their true details. He could only make a rough estimate based on his experience and his own losses.

However, he believed that based on his own judgment, 20 million taels should be about right.

"I heard that Jiangnan Bank also issued bonds to Jiangnan Group." A money shop owner reminded.

"It's only 1.5 million taels, a drop in the bucket." Song Xiaoming glanced at the talkative boss and said coldly, "After deducting the 11 million taels that were misappropriated, the silver in the Jiangnan Bank's inventory will not exceed 10 million taels."

"That's a huge number." A group of bosses sighed. Except for the four major banks, their silver reserves are still far from eight figures.

"But they are called Jiangnan Bank, and their main business is in Jiangnan." Song Xiaoming said faintly: "So 80% of their silver reserves will be kept in Jiangnan."

As he spoke, he tilted the teacup, and the tea spilled onto the table, seeping through the cracks in the table and dripping onto the mahogany floor.

"Oh!" Someone with a quick mind suddenly realized and slapped his hands on the table, "They have little silver in the north of the Yangtze River to begin with, and now the canal is blocked, so no matter how much silver there is in the south, it can't be transported here. So the Jiangnan Bank branch in Xuzhou is basically an empty shell!"

"That's right." Song Xiaoming nodded with satisfaction, and said with a sharp look at everyone: "So we have to concentrate our strength and take action together. As long as we can bring down the Jiangnan Bank in Xuzhou, panic will spread along the canal, causing a run on the Jiangnan Bank in Linqing, Huai'an, Jining, Yangzhou, and even the Jiangnan Banks in the northern and southern capitals!"

At this point, his face flushed with excitement, and he couldn't help but grin, "By then, not to mention Jiangnan Bank, even the entire Jiangnan Group will be wiped out!"

"This..." A group of money shop owners couldn't help but hesitate. They just wanted to teach Xuzhou's Jiangnan Bank a lesson, but they had no intention of bringing down the entire Jiangnan Group.

Behind the Jiangnan Group stood a group of Jiangnan officials and gentry. If they dared to kill them, at least their business in Jiangnan would be ruined.

"It's a life-and-death situation now. Do you have any choice?" Song Xiaoming looked at these hesitant guys coldly and said, "Let Jiangnan Bank unify the world. I, Hengtongji, have the support of the Canal Transport Office. At least I can have a meal. Who can you rely on?"

"This..." This soul-searching question left the bosses speechless.

"The knife is at your neck, yet you are still hesitating. If you don't die, who will?!" Song Xiaoming snorted coldly, "I thought you guys were so determined to do this. Humph, you're wasting my time!"

He waved his hand and said, "Send the guests out!"

"No, no, let's do it!"

"Fight them!"

"Boss Song, you decide how we should do this!" The bosses finally forced him onto the battlefield.

"That's more like it." Song Xiaoming sneered inwardly and told everyone about his plan.

After listening to this, the bosses felt that the arrangements made by the shopkeeper Song were seamless and there was nothing to worry about. Besides, they didn't have to pay too much, so they all nodded in agreement.

As per the custom, the shopkeeper Song made a blood oath with everyone, agreeing to advance and retreat together and never stab anyone in the back. Then everyone started to prepare nervously.

~~

Jiangnan Bank, a financial institution of a brand-new concept, rose up in the city of Xuzhou with a destructive and tyrannical posture, and even the shop owners and clerks in the shops all became proud and walked with dignity.

Oh, by the way, now they are no longer called shopkeepers, clerks, but presidents, managers and tellers...

The president of the Xuzhou branch is Jiang Dou, a veteran of Wuji. He was the one who founded the Xuzhou branch of Wuji.

His loyalty to the Wang family is impeccable and his abilities are top-notch, so Jiang Xueying values ​​him very much.

When Wuji was restructured and merged into Jiangnan Group, he also got shares and continued to serve as the president of the Xuzhou branch after the restructuring. So no one has a deeper affection for this branch than he does.

Early that morning, President Jiang woke up on time in his bedroom in the backyard of the bank.

Although he is now quite wealthy, he still maintains the habit of living in the store. Unlike his peers, he did not buy a house and marry a young woman in the local area after becoming rich.

As for his wife and children, naturally, like all Huizhou merchants, they stayed in their hometown of Huizhou. I heard that they would move to Kunshan in the future, but it was just a rumor and I hadn't heard it mentioned by the higher-ups yet.

Besides, his last name is Jiang, so he has to be even more diligent and not embarrass his young lady.

After getting up, he went to the patio, took off his jacket, and performed a set of vigorous Bajiquan.

The managers and tellers also stood up and followed the president in morning exercises. In those days, people who worked in banks had to be able to wield knives, guns, sticks and clubs to prevent being robbed and unable to resist.

Although the bank's safety was in the charge of a security team sent by Jiangnan Security Company, Jiang Dou still urged his men to continue practicing martial arts, as it was always better to have a little more insurance.

President Jiang learned his kung fu when he was a pirate, but he was an accountant on the ship and his hands were not stained with blood. He has been pampered in the past few years since he came ashore, and he has been able to maintain his current strong physique, all thanks to his kung fu.

When he finished practicing, the apprentice... oh, now he's called a temporary worker, had already prepared water for him to wash his face and green salt for him to brush his teeth.

After washing up, President Jiang went to the outer room to have breakfast with the vice president and three managers.

The three managers were all his former subordinates, and are now in charge of three major businesses: savings, foreign exchange and silver bills.

ps. The first of three consecutive updates, please give me your monthly votes!