A few days later, Jiuding Bank was officially established in Edo. At the same time, Japan issued $1 million in bonds, all underwritten by Jiuding Bank.
Japan purchased $500,000 worth of American government bonds, $250,000 in English government bonds, and $250,000 in Tsarist Russian government bonds through Jiuding Bank, winning unanimous praise from diplomats of various countries.
Emperor Muren announced Jiuding Bank as Japan's strategic cooperative company, transferring all previous official enterprises and assets to Jiuding Bank for management, including the recently popular gold mine companies.
At that moment, Zhu Wencong was sitting in the grand hall of the bank, watching the crowd that had come to conduct business. Jiuding Bank's reputation and brand had already garnered worldwide recognition.
To get the bank running smoothly, Zhu Wencong recruited personnel from HSBC and Standard Chartered Bank, and also arranged for a batch of staff from Jin Shang to join.
