1928: The rise of giant merchants

Hearing that Ye Luo came to Citibank in person to discuss withdrawing money, Chen Ruide, who was still dancing with Gao Si and others in the ballroom, quickly drove back.

He didn't expect Ye Luo to keep the massive amount of US dollars with him for long. A businessman's money is like running water. It is only really valuable when it comes in and out and circulates.

What Chen Ruide cares about is what Ye Luo is going to do with the money.

Ye's Automobile Company sells Chevrolet 490s, and Citibank, as the only cooperative bank, makes a lot of money from car loans. He really wants to continue to rely on Ye Luo to increase his performance crazily, and then jump from the banking industry to a place of real power such as a consulate as soon as possible.

When he came to the president's office, he saw Ye Luo, who had been sitting there waiting for a long time, and Shi Jianqiao, who was standing aside. Chen Ruide smiled and extended his hand: "Welcome, Second Young Master, long time no see."

"President Chen, I would like to trouble you to ask a professional to help me settle the accounts this time." Ye Luo crossed his legs and smiled, "I want to exchange all the US dollars on hand into oceans and take them out."

"No problem, I'll call the finance team right away to come over and do the calculations." Chen Ruide assured with a pat on his chest. After making the phone call, he smiled and asked while making tea, "What business is the second young master interested in this time?"

"Haha, it's just a small business, not worth mentioning." Ye Luo smiled and waved his hands, very modestly.

Chen Ruide also handed a cup of tea to Shi Jianqiao.

This surprised Shi Jianqiao. She was a Chinese and a woman, and the other party was not only a foreigner, but also the president of Citibank. Even if her father had not passed away, she would never have enjoyed the benefits of a Citibank branch president. The treat of making your own tea.

She couldn't understand the jabbering foreign language conversation between Ye Luo and Chen Ruide, but she could see the respect and flattery the other party showed when facing Ye Luo.

I had heard too much about how the Second Young Master made foreigners admire me at Ye Mansion and other places, but I always felt that it was not so real. But seeing it with my own eyes today, the feeling of shock was much better than that of a group of disciples from the Jingwu Sports Association when she defeated Huo Ting'en. The exclamation is awesome!

"It seems that it is a business secret and cannot be disclosed." Chen Ruide's face was full of regret, but in his line of work, he knew best about secrets. If Ye Luo wanted to do something in an emerging industry, naturally no one would know about it.

Ye Luo smiled: "It's not a trade secret, it's just that many people will find it boring and whimsical."

"Oh?" Chen Ruide became more interested.

"I want to build a very large amusement park and an independent cinema at the junction of the French Concession and the Public Concession." Ye Luo nodded.

The expression on Ruide Chen's face is wonderful.

He can understand the amusement park, but he doesn't agree with it, because the decline of the New World means that the comprehensive shopping malls that were once popular in the 10s have become obsolete. People still prefer casinos, racetracks, or brothels that can directly bring intense excitement. Sensory entertainment.

Rich people would go to dance halls to dance, while people at the bottom could go to casinos, opium dens, and brothels to be cool. The amusement park stuck in the middle was very embarrassing. If you like to listen to operas, wouldn't the Jinling Grand Theater and the New Stage be great?

As for the movie theater, he didn't care at all. It was probably just a small business that Ye Luo started casually.

Thinking that he would withdraw so much money to build an amusement park, Chen Ruide sighed inwardly.

Over the years in Shanghai, he has seen too many nouveau riche who got rich overnight, and also seen countless miserable rich people who lost their families overnight.

I hope this second young master who has become popular in Shanghai recently is not a flash in the pan.

Seeing Chen Ruide's lack of interest, Ye Luo didn't mind. He just smiled and waited for the bank staff to come over with the account books to make the calculation.

Ye Luo has already done the math himself at home. He is a top economics student and is very clear about the movement of the money in his hands.

As for debt, after paying off the money he owed some tycoons with interest, he only had the loan from Citibank.

The first business, 2,000 Chevrolet 490s, has sold 1,659 units so far, 200 of which are used as rental cars, leaving 141 units in stock. Excluding donations, the total profit is approximately US$332,000.

The total profit of Ye's Automobile Company is approximately 30,000 yuan, which has been converted into 12,500 US dollars.

The total profit of Liangyou Pictorial is approximately 15,000 oceans, which has been converted into 6,250 US dollars.

The profit of Huashang Advertising Company is about 20,000 yuan, which has been converted into 8,400 US dollars.

Fengminglou's profit was approximately 75,000 oceans, which has been converted into 31,250 US dollars.

Zhang Mouzhi sent 10,000 US dollars.

The labor federation received $440,000.

Zhang Wanlin paid 1 million oceans in compensation for mental losses, which was exchanged for 520,000 oceans through the black market.

This is not a bad thing, I was really shocked.

Ye Luo started with the acquisition of Xiangsheng Automobile Co., Ltd., and later purchased cars from General Motors. He also acquired Liangyou Pictorial, a bunch of Chinese car dealers, Chinese advertising companies, Yamei Radio Factory, Yunfei and Tailai, two giant car companies, etc. For making connections, buying phone numbers, and various expenditures, they either used deposits in their own pockets or Fengminglou accounts, direct bank loans, or credit accounts from Lin Ruxian and others.

It’s a waste of money and nothing!

But now, Chen Ruide, who had not paid attention to the funds in Ye Luo's account for a long time, asked his financial staff to do the calculations, and was shocked to find that the second young master already had 1.36 million US dollars in his name!

Calculated according to the exchange rate at this time, it is almost 4.2 million oceans!

And the loan he owed himself was 1,153,000 oceans.

In other words, since March 20th, when the second young master returned to Shanghai and announced that he was going to start a business, he has made more than 3 million yuan in three and a half months!

Even if more than 1.9 million of them come from the branch of the Labor Federation and Zhang Wanlin, it is still money earned based on one's own skills!

What's even more frightening is that the money is the remaining money on his hands.

The second young master of the Ye family, Ye Luo, frightened the Shanghai business community because in just three and a half months, he defeated the car business monopolized by foreigners. He directly drove away and took over the business of Galt and Henry. Now, Ye's Automobile Company and several other The industry is still sending him a steady stream of money!

More than 3 million yuan is just pure profit.

Those Chinese business industries that are growing bigger and bigger and brought back to life in his hands are Ye Luo's real cash cows.

"Does this much money have to be converted into oceans?" Chen Ruide wiped his sweat. Citibank's savings in Shanghai were only 12 million oceans. Even after deducting loans, a quarter of it had to be given to Ye Luo!

This is too scary.

Ye Luo nodded slightly: "Yes. The small business I want to do this time is a bit expensive. President Chen also knows that I have no money now. But I also know that Citibank's savings cannot be moved so quickly. , how about this? Today is July 7th, I want to withdraw the money together on July 15th, and give President Chen 8 days to mobilize the funds, so that the savings will not be shaken."

"That's great. Alas, I'm really ashamed. The second young master is our VIP customer. Originally, we should satisfy your request for withdrawing money immediately." Chen Ruide was relieved. He was worried that if he could not satisfy Ye Luo immediately, Citigroup would be ruined. The golden signature of bank VIP customers is that they can withdraw money at any time without being affected by the exchange rate.

Unexpectedly, Ye Luoting was considerate and gave him time to prepare for mobilizing funds.

As for the money, Chen Ruide had never thought of cheating Ye Luo, nor would he.

In the banking industry, credibility comes first.

As for young tycoons like Ye Luo, it's too late for them to make friends. It's pointless and impossible to hack other people's money.

And the money is theirs.

Chen Ruide and Ye Luo cooperated and earned a huge amount of interest money from a loan, and also made a lot of income from car loans. He was only grateful to Ye Luo and wished he could help him withdraw more than 3 million yuan today.

"Okay, let's sign an agreement. On July 15th, exchange US dollars for oceans at the current exchange rate and give it to me. When I have enough oceans, I can pay off the loan liability. How about that?" Ye Luo looked at it with a smile. he.

"Of course it's no problem. That's the rule. As long as the second young master doesn't mind the trouble." Chen Ruide nodded with a smile and quickly called someone to get the agreement.

As for the exchange rate issue, he didn't care much.

Since 1928, new exchange rates have been announced twice a month, at the beginning of the month and in the middle of the month. For more than half a year, the exchange rate has been floating around 2.4 silver dollars per U.S. dollar, which is about the same. If the U.S. dollar depreciates, Yeluo may still have to pay. Losing some money.