Monnet had a new client, for in that same year the Finnish State alcohol monopoly, ALKO, began buying cognac from the Monnets. Monnet switched continents to become an investment banker in Shanghai, China, where he was involved in devising a way of financing the enormous railway network.
Just under half of the funds used to rebuild their capital base came from government intervention. Looking ahead, banks’ capital requirements must be met by reactivating the market. This depends on the total transparency of banking assets.