Detailed information of the Qing Dynasty capitalist Hu Xueyan

Hu Xueyan spent 20 million taels of silver to buy all the raw silk at that time, wanting to play with foreigners to occupy the dominant market in China at that time, but he didn't expect a bumper harvest of raw silk in Europe that year, and the goods he had worked so hard to accumulate became the last straw that crushed him.

Hu Xueyan offended Li Zhongtang Li Hongzhang, so his fate was very miserable, he was killed by Li Hongzhang, as a red-top businessman, he couldn't fight Li Hongzhang.

Because he participated in the political struggle and wore a pair of pants with Zuo Zongtang, of course he would end up like this after Zuo Zongtang's death.

Because at that time, in order to prevent the invasion of Western commerce, he had a conflict with Western countries, and later died tragically!

Hu Xueyan went bankrupt in early December 1883. According to the report of the "Declaration" at the time, in November 1883, the capital chain of Xue Ji Qianzhuang in Fukang, Shanghai was in danger of breaking, and Hu Xueyan sold his hoarded 15,000 bags of raw silk to Jardine and Tianxiang Foreign Companies.

Hu Xueyan. In a letter to foreigners, Birla had already disclosed the raw silk ** at that time: "The average price of each bag of raw silk was 320 taels**", so the total value of 15,000 bags of raw silk was 4.8 million taels**.

Hu Xueyan hoarded raw silk and lost 1.5 million taels**. However, Hu Xueyan, a huge rich, went bankrupt because he lost 1.5 million taels of silver? This statement is naturally implausible.

So, what else happened then? On October 19, 1884, the "Declaration" reported that last winter, "the major banks in Hong Kong have collapsed one after another, and probably millions of dollars have been consumed."

At that time, there was a boom in the construction of railways, coal mines, and steamships in China, and related Zhichun joint-stock companies were established one after another.

Hu Xueyan. A large amount of money flows from banks and companies to the ** market. What's more, many people regard buying and selling** as a legitimate money-making business, so borrowing money from the bank is a common thing.

As a result, the "declaration" said: from 1883, "the prosperity of buying and selling ** is no less than that of the whole country, and in less than a year, the disadvantages of love have been revealed, ** as straight as waste paper." "A lot of money flowing out of banks and companies has evaporated in the ** market.

As a result, bad debts and bad debts appeared in large numbers, and the economic situation deteriorated. In this context of seepage, Hu Xueyan spent a lot of money to hoard raw silk, which should be said to be a wise move. After all, when facing financial difficulties, raw silk can be turned into cash in time.

However, the money in Hu Xueyan Money Village was far more than the 4.8 million silver hoarded for raw silk, and more money should have been lent out at that time. When severe financial turmoil strikes, the large amounts of money that are lent out often become unrecoverable bad debts and bad debts. Once you encounter a run, you will naturally be overwhelmed.

This should be the real reason for Hu Xueyan's bankruptcy.

Hu Xueyan is a modern Chinese businessman, he is a representative of the Hui merchants, and has done a lot of business, such as arms, medicines, etc. He is also a second-class official, and he is very famous in office, which can be called a success. Before his death, he left behind "the white tiger is terrible", so that his descendants no longer engage in business.

Hu Xueyan, who was born in a poor family since he was a child, made a living by herding cattle when he was a child, and his father died at an early age, so he could only take on the responsibility of the family very early. He worked as a shopkeeper and an apprentice with others, because he was diligent and very intelligent, he was regarded as his own by the shopkeeper of the bank, and even handed over all his business to Hu Xueyan after his death, which was Hu Xueyan's initial economic foundation.

But how could Hu Xueyan succumb himself to a small bank, and soon, Wang Youling was discovered by Hu Xueyan and began to invest in him. Facts have proved that Hu Xueyan saw the right person and finally got a very rich return. Because of Hu Xueyan's kindness, Wang Youling deposited all his savings in Hu Xueyan's bank.

He helped Zuo Zongtang train an army with outstanding strength, assisted him in opening the Fuzhou Ship Administration Bureau, and also solved Zuo Zongtang's financial problem, which really made great contributions.

Although he was very successful in business, he also experienced a great change in his life after that, almost all his possessions left him, and he finally did not survive, and before he died, he said: "The white tiger is terrible! "It's to tell future generations that money is terrible!

Therefore, his descendants are engaged in all walks of life until now, and there are no more businessmen, maybe this is practice makes true knowledge. If the predecessors found that this road did not work, the future generations did not have to go again.

said that a white tiger was terrible, and it was not good to say that it was rich. It's easy to be remembered.

Hu Xueyan, the richest man in the late Qing Dynasty, said the five words "the white tiger is terrible" on his deathbed, which is to tell me to warn my descendants that money is a very terrible thing, don't be too obsessed, just keep your original intention.

They don't have any actual ability, that's why they're like this

He said that the white tiger was terrible because he was tormented by money.

"The white tiger is terrible", Hu Xueyan is a representative of Hui merchants, has done a lot of business, made a fortune, and has a lot of money, but he feels that more money is not necessarily a good thing, and silver is not shallow and easy to be jealous.

On his deathbed, he said: The white tiger is terrible, which mainly means that silver is harmful.

Hu Xueyan is an official, not a businessman.

Hu Xueyan (1823 1885), a famous red-topped merchant and representative of Huizhou merchants in modern China, was born in Jixi, Huizhou, Anhui Province, and moved to Hangzhou, Zhejiang Province at the age of 13. He is a famous red-roofed businessman, politician, and representative figure of Hui merchants in modern China. In the eleventh year of Xianfeng in the Qing Dynasty (1861), when the Taiping army attacked Hangzhou, Hu Xueyan transported arms, grain and rice from Shanghai to help the Qing army and was appreciated by Zuo Zongtang, and later helped Zuo Zongtang organize the "Changjie Army" and establish the Fuzhou Shipbuilding Bureau.

When Zuo Zongtang went west to quell the rebellion against Agubai, he presided over the affairs of the Shanghai Mining and Transportation Bureau, borrowed foreign money in Shanghai five times, as much as 11.95 million taels, collected military salaries, ordered arms, and did intelligence work, and often reported important news from all walks of life at home and abroad in Shanghai to Zuo Zongtang. When it is very popular, the official residence is second-class, and the yellow coat is appreciated. With his outstanding business talents, Hu Xueyan used the official bank to set up a private bank in Shanghai, and later set up a branch of the "Fukang" money bank all over the country, and was known as the "God of Living Wealth".

In Hangzhou, the "Huqing Yutang" Chinese medicine store was established, and the "Plague Avoiding Pill", "Marching San" and "Eight Treasure Pills" were produced for the needs of the military and civilians, and the pharmacy has been inherited to this day, winning the reputation of "Jiangnan Medicine King".

In the ninth year of Guangxu of the Qing Dynasty (1883), its industry was forced to sell at a low price and its assets were halved by the competition of local bureaucrats to withdraw money and extortion, which caused the capital turnover to fail. In the end, Hu Xueyan was dismissed from his post and his family property was confiscated, and he died depressed.

Speaking of Hu Xueyan, everyone may not be familiar with it at all, but when it comes to Zuo Zongtang, I believe everyone knows it. In fact, Hu Xueying has a certain relationship with Zuo Zongtang. A large part of the reason why Hu Xueyan was able to become a famous businessman in the late Qing Dynasty was because of Zuo Zongtang's help.

However, why did such a famous and wealthy businessman face bankruptcy in the late Qing Dynasty? The reason for this is related to the relationship between Hu Xueyan and Zuo Zongtang. Because of the close relationship between Hu Xueyan and Zuo Zongtang, Hu Xueyan eventually went bankrupt.

1. Introduction to Hu Xueyan Hu Xueyan was a very wealthy businessman in the late Qing Dynasty in China. According to the relevant data, we can know that Hu Xueyan's total wealth in the late Qing Dynasty was among the top ten richest people in the world. It can be seen that Hu Xueyan is a very rich person.

The reason why Hu Xueyan was able to make so much money in the mall was mainly because he had two big names behind him to support him. First of all, the first is Wang Youling during the Qing Dynasty. To be precise, Wang Youling can be regarded as Hu Xueyan's Bole, because Wang Youling once helped Hu Xueyan win half of the business in Zhejiang.

The second is a more famous figure in the Qing Dynasty - Zuo Zongtang. Because Zuo Zongtang was a ** during the Qing Dynasty, it brought a lot of convenience to Hu Xueyan's business. With the help of these two big men, Hu Xueyan was naturally able to become a big businessman during the Qing Dynasty.

2. The reason for Hu Xueyan's bankruptcy Hu Xueyan was a wealthy businessman during the Qing Dynasty, why did he eventually face bankruptcy. In fact, it is mainly caused by the relationship between Hu Xueyan and Zuo Zongtang. Because in the late Qing Dynasty, Zuo Zongtang was responsible for recovering Xinjiang.

However, at this time, Hu Xueyan became Zuo Zongtang's money bag, and the money used in the process of recovering Xinjiang was Hu Xueyan's. Later, because Zuo Zongtang offended Li Hongzhang, Li Hongzhang began to try his best to shorten Hu Xueyan's sales channels, which led to Hu Xueyan's bankruptcy.

3. Overview: The reason why Hu Xueyan went bankrupt was mainly because of his relationship with Zuo Zongtang.

In 1882, he spent 20 million taels to open a silk factory and purchased a large number of new silk, basically monopolizing the entire industry. But then there was a war between China and France, and Italy produced a large amount of raw silk, so he could only sell all the raw silk at a low price, and in this case, his money was also heavily run.

Hu Xueyan began to expand his contacts when he got the money bank, but he was only used to clinging to the people in the officialdom, Wang Youling was not a big official at that time, but for his promotion, Hu Xueyan gave Wang Youling a large sum of money against public opinion, which was opposed by other money owners, and was finally kicked out of the money bank, and he could only be a minor official under Wang Youling.

Hu Xueyan is known as a red-top businessman, and the bankruptcy of the late Qing Dynasty was due to a mistake in decision-making that angered foreign merchants due to excessive ambition; At the same time, it was also hit by political enemies and went bankrupt.