Ningbo in Zhejiang Sanjiangkou near the square stands a statue. Look closely you will find that everyone statue in the back of luggage, ready to leave the road looks like.
This group of statues called the “three rivers Farewell”, is a memorial to those business Ningbo Lang in order to survive, to go out business scene.
Today, Zhejiang’s footprint is all over the world, in Beijing, “Zhejiang Village”; the end of last year, only in Shanghai, Zhejiang enterprises have 50,000, invested in Shanghai ranks first in the country; in Europe, in Africa, even In the war in the Middle East, everywhere Zhejiang figure. And Ningbo Zhejiang China is undoubtedly the most representative of a business group, their history, although not Shanxi, Huizhou so brilliant, but their influence for today is enormous.
Then, as the representative of Zhejiang, Ningbo to help in the development of what the legendary stories? What is their secret for success?
Ningbo is located in the East China Sea, is one of the earliest open trade ports, since the Tang and Song Dynasties, Ningbo had a trade with foreign merchants. Open business brought civilization to Ningbo people have a career in the world of ambition. More than a century ago, when the Opium War, the smoke has not completely cleared from the beach, when Shanghai, Ningbo across the water who will be uprooted from their homes, came to Shanghai this new landscape. They camped in front of Huangpu take Walled Beach, built the first shanty towns, the barber started with knives, kitchen knives and sewing scissors, started their way in the world of his own.
The people put the old government owned Yinxian Ningbo, Fenghua, Cixi, Zhenhai, Dinghai, Xiangshan County in the other ports operation 6 merchants, known as Ningbo. So, how to create Ningbo economic miracle it?
Back in 1403, Ningbo is the Yongle Emperor of the times set up a world’s first post office, called the China Bureau of the letter. In that cold weapons, delivery of goods are transported to find the time bodyguard. Board correspondence was the letter public, the press, taels can post, at the same time and send the goods.
On what basis the people of letters, deeds to you? Because the Ningbo merchants credit is excellent, great emphasis on credit. This is basically as good as gold like credit, that I often talk about fiduciary responsibility. Ningbo merchants 600 years ago, very strengthening trust responsibility to my people when you drop something and Letters, I have unlimited liability to you, this is the fiduciary responsibility. 600 years ago, people believed Council has been fully reveals the creativity of Ningbo. Which makes me very surprised.
Merchants pay attention to the characteristics of fiduciary responsibility has been passed so far. One man called Han-chang Song businessman, he is a very typical representative of a fiduciary duty is a person. In 1931 he founded the Chinese insurance company, and his silver capital amounted to 2.5 million. Rong family was a spinning mill to Hankow voted accident insurance, unfortunately, a fire, how much compensation money? 2 million silver dollars, equivalent to 1.44 million taels of silver, just buy a ironclads. However, Song Han-chang was only 250 million of capital, he received the list, unfortunately, what has paid 2 million. Trouble was a great uproar, do not pay you compensation? 10 lost time is less than nine, of course, now almost, this is the insurance company’s patents. Many insured families were very nervous, lost in the end you do not pay? 2.5 million out of capital, which lost 2 million, but he is Ningbo Song Han-chang, who started from the 15th century fiduciary duty, non-heart to tell him that you can not lose, grinding his teeth lose out. After compensation Wing’s family are very grateful, have expected to lose half of your pretty good, did not expect is now lost, very fast. Rong’s family in the “declaration” advertisement thank big top, but also for insurance companies in China Song Han-chang made a positive impetus to financial sector even go a step further. At that time the insurance industry have such courage, such a fiduciary duty is indeed rare.
Some say the rise of Shanghai and Hong Kong’s prosperity, thanks to Ningbo half, then in addition to business philosophy of integrity, Ningbo, what significant features of it?
In 1898, French Concession authorities attempted to occupy the field of Ningbo Association “Ming Hall” of the property. Ningbo was held immediately Association Congress, issued a strike strike decision. Then, all of Shanghai, Ningbo people into action, the foreign shipping company in Ningbo sailors, dock porters, postal workers, even family services in the Ningbo Foreign cooks, nannies are left on foreigners apartment. Paralyzed the French Concession. Finally, the French Concession had to make concessions to ensure that never violated Ming Hall.
Ningbo is one of unity and achievement of the victory. In commercial activities, Ningbo is the first time to use the power of unity in a crisis saved the day.
Ningbo nationals also made in the financial sector as a fellow businessman in Shanghai, even more powerful. In Shanghai, Ningbo, people who try their hand into that era. China’s first chemical plant, the first machine dyeing enterprises produced the first light bulb factory, the first private instruments, plant, or the first insurance companies, real estate companies, stock exchanges, are in the hands of Ningbo was born. Good at business profits into industrial capital, is a major feature of Ningbo.
And other providers to help different is that Ningbo has been standing on the peak of business, has not been eliminated. These small press used to smell the sea of people, both with business savvy, without losing the ethics scholar, is that they allow the Chinese to complete the traditional to the modern commercial business transformation, promoted the development of modern Chinese national industry.
