When Qiao Zhiyong was born, the jstars were well-off. Qiao Zhiyong was admitted as a scholar when he was young, so his life should have nothing to do with business ethics. But I didn't expect that in the early years of Xianfeng, the northern Nian Army and the southern Taiping Army revolted, and the north-south tea road was cut off. At that time, Qiao's main business was silk tea in Dadexing Tea House in Qixian County.

Although the Qiao family mainly engaged in silk tea, they were not the biggest businessmen in Shanxi at that time. Qiao Zhiyong's eldest brother was seriously ill because of the war, and Qiao Zhiyong, who would have ended up as a Confucian scholar, had to take over the family business. From the early years of Xianfeng to the late years of Guangxu, Qiao Zhiyong's life experienced the whole late Qing Dynasty.

After he took over the family business, Qiao's business, especially Qiao's banking business, was pushed to the peak in the late Qing Dynasty, when social unrest and wars continued. The first thing Qiao Zhiyong did at that time was to clear the tea road and the Silk Road in the south. During the Xianfeng period, Dadexing mainly engaged in tea and foreign exchange at first.

Qiao Zhiyong later discovered that banking was a relatively new industry, so he changed it into an exchange, supplemented by tea. In the 10th year of Guangxu, Qiao Zhiyong changed Dade into Dade Tong, and in the same year, Dade Feng Bank was established to specialize in foreign exchange. Under the management of Qiao Zhiyong, later, Dadetong and Dadefeng became one of the few big banks in China.

At that time, it was estimated that the capital of the jstars was four or five million taels of silver. After the founding of the People's Republic of China, the research estimated that the Qiao family's liquidity was about 8 million to100000. At that time, Qiao Zhiyong, as a representative of Shanxi, became an emerging force in the rising period among Shanxi merchants who began to make a fortune in the Ming Dynasty.

Extended message: "People abandon me and take it, small profits but quick turnover, and maintaining credibility is not hypocritical". Qiao Zhiyong used Confucianism to guide enterprise management. When he was in charge of the family business, his career in nave advanced by leaps and bounds, and his family fortune was tens of millions. One of the important reasons why Qiao Zhiyong became a shopping mall giant is that he is good at employing people. He trained the first bank president in China.

He often warned his descendants that the most important thing in doing business is "faith", followed by "righteousness", "profit" and "profit" cannot be placed first. Qiao Zhiyong also has a pair of personal couplets engraved on the door of the inner house: "Seek fame, profit, others and yourself. Cherish agriculture, cherish food, cherish wealth, cherish happiness ",in order to warn future generations to pay attention to thrift and not covet comfort. "

Baidu Encyclopedia-Qiao Zhiyong