"It's doubled? Wouldn't that 20,000 taels become 40,000 taels?" Emperor Chongzhen was surprised - is this money falling from the sky?

"Yes! Yes!" Zhu Cihuan nodded repeatedly.

Chongzhen said: "Sell it quickly!"

"It has been sold, as soon as the market opened." Zhu Cihuan said with a smile, "After deducting commissions, transaction taxes and interest on borrowed money, there is still a profit of 19,000 taels."

"Okay, okay, Huan'er will finally make money! By the way..." Emperor Chongzhen thought of Zhu Cijiong and Zhu Cizhao at this time, "Cijiong, Cizhao, have you two bought any tickets for this stock?"

"I bought it," Zhu Cijiong nodded, "I also subscribed for 20 shares when the United States common stock was sold, and bought another 80 shares when the United States stock was listed in Shanghai the day before yesterday."

Zhu Cizhao also nodded: "Like the third brother, Erchen subscribed for 20 shares and added 80 shares after the listing. I hold a total of 100 shares on hand."

"What?" Emperor Chongzhen was stunned, "Why don't you buy more when it's cheap, but wait until it goes up?"

Zhu Cijiong said: "My father doesn't know that the common stock of the United States is not open for sale. I can only get 20 shares, and I can't buy more."

Zhu Cizhao also said: "Yes, I can only get these."

Zhu Cizhao, who was following Zhu Cizhao, also said: "Father, my son and I also got 20 shares, but they didn't buy or sell them after they were listed."

It turns out that the allotment of 20 new shares of common stock of the United States is a benefit to the kings and is available to everyone.

"Cijiong, Cizhao, why are you still buying the expensive United States stocks?" Emperor Chongzhen still didn't understand. He didn't know how to speculate in stocks and couldn't invest!

Zhu Cijiong smiled and said: "Father, I want to open a mule and horse farm in the American Mansion and need to purchase land, so I put together a plan. 100 shares of the United States stock can be exchanged for 30,000 acres of pasture, and a medium-sized mule and horse farm can be opened.

.”

Zhu Cixiang on the side listened to his brother's words and nodded slightly in approval - the Xinzhou Republic's demand for mules and horses is almost unlimited, and Dai Wang's investment cannot be compensated.

Moreover, this prince has chosen the right path by investing heavily in breeding farm horses and horses and mules. He has a large area of ​​pasture, a man who is good at raising horses, and is close to North China and Northeast China where large farms are common. He can also benefit from his

I got a Percheron horse bred from my good brother (Zhu Cixiang), so "Loan King" has now become "Horse King".

"Zhao'er, why did you buy it?" Emperor Chongzhen asked Zhu Cizhao again.

"Hey, Erchen doesn't understand this..." Zhu Cizhao waved his hand and said with a smile, "This was all bought by Erchen's stock dealer Yao Daqiao."

"Stock tooth dealer?" Chongzhen asked curiously: "What does this do?"

Zhu Cizhao explained: "He is a businessman who helps customers buy and sell stocks... My son has lost school when he was young, has a lazy temper, and knows nothing, so he can only entrust others to him. This Yao Daqiao is originally from the Huguang area.

The rice merchant went to Nanyang to make a living because he was in troubled times. He was used by his subordinates as an official merchant. He traveled between Siam, Jinghai, Guangfu, Quanzhou, and Shanghai, trafficking in wood, ivory and other items. He was quite capable.

Later, the stock and bond trading in Shanghai was booming, so he proposed to set up a stock trading bank, and asked me to use the spare money I had on hand to make a small amount of money in Shanghai."

Zhu Cizhao was actually a hands-off shopkeeper, and the real person in charge was his concubine Qiu Mengmei. As a female, Qiu Mengmei certainly couldn't do everything herself, so the key was to employ people.

Chongzhen asked: "Then this tooth dealer named Yao made money in Shanghai?"

"I've made it," Zhu Cizhao nodded repeatedly, "I've made a lot of money in the past few years! All of them add up to two or three hundred thousand taels!"

So many! Zhu Cihuan’s eyes turned red immediately!

"Does he think the United States stock market can still rise?" Chongqing County Prince quickly interjected.

"Yes!" Zhu Cizhao said, "He is not the only one who is bullish. He also has a group of small tooth dealers under him, all of whom are bullish. It can at least increase by two thousand!"

"Another increase of two thousand? That means..."

Zhu Cizhao smiled and said, "That's four thousand taels!"

Sold too early?

Zhu Cihuan's heart skipped a beat, and then he thought: He must ask Yao Daqiao for advice later...

Chongzhen was hesitant and turned his attention to Zhu Cihong - I heard that he was the richest man in the Ming Dynasty. He should know about stocks, right?

"Cixun, what do you think?" Chongzhen asked.

"I don't understand," Zhu Cixiang shook his head. "I have so many things to do every day, how can I have time to take care of the trading of stocks and bonds? Besides, this is the business of businessmen... The court only collects taxes and supervises it, no questions asked.

other."

The feudal debt crisis many years ago was not the end of the Ming Dynasty capital market, but a beginning!

Although many people lost money by speculating on feudal debts, after the feudal debt crisis, the Ming Dynasty's capital market still developed, but the trading center was no longer Wuhan, but moved to Shanghai, where giant businessmen gathered.

In order to protect small and medium investors, Zhu Cixi passed legislation to increase the face value of stocks and bonds - the lowest face value of stocks was 1,000 taels of silver, and the lowest face value of bonds was 100 taels of silver.

This is to protect small and medium-sized investors. According to Zhu Cixiang's many years of experience in the past life, small and medium-sized investors have a high probability of losing money in the securities market, so excluding them is the best protection.

Although small and medium-sized investors were excluded from stock trading due to the high face value, securities trading in Shanghai, Nanjing and other places gradually became active.

First, land coupons have become quite popular - land coupons cannot exclude small and medium-sized investors, and the land is so eye-catching!

The Industrial Revolution has not yet begun, and Ming Dynasty's capitalism is still in the stage of factory handicrafts. Many craftsmen have not forgotten their pastoral life, and always think about one day going back to farm...

After the popularity of land coupons, stock trading gradually became more active. This is because after excluding small and medium-sized investors, the primary stock market is beneficial to investors - there are no leeks to cut, and large investors become careless.

I hope that the commercial banks that issue stocks can provide sufficient returns. Those big investors are very discerning, so it is basically difficult for commercial banks that are not high-quality to raise funds from the Ming Dynasty's stock market.

And commercial banks that can raise funds can often give investors good returns... so in the past many years, most stock prices have continued to rise.

Otherwise, why would Yao Daqiao, who only lost half a street by speculating on feudal bonds, make money for Zhu Cizhao? It’s not that he is talented, but that the general trend of the market is to rise!

Although the United States stock is very special - it is not a stock in the true sense, but a combination of bonds and land certificates. But its investment value is still obvious, equivalent to one tael of silver for one acre of land!

To the Europeans, it was nothing. They had a small population and occupied most of the American land. But to the 100 million Ming people, the land was worth a lot of money!

Therefore, even if the stock of the United States doubles and reaches two taels of silver per acre, it is still worth the money.

As for the increase to 4,000 taels per share, it is equivalent to four taels of silver per acre of land... This seems a bit expensive!

But Zhu Cihuan didn't think that much, he just regretted selling his stocks too early!

Moreover, through Zhu Cizhao's introduction, Zhu Cizhuan also learned more about stock trading, knew about stock dealers and stock dealers, and also learned that there are many types of stocks listed on the Shanghai Stock Exchange - he did not know these before.

He just subscribed for 20 shares of the United States stock through Maritime Bank (Marine Commercial Bank also has a stock trading license). When subscribing, he filled out a sell order on the advice of someone from Maritime Commercial Bank. So as soon as the United States stock was listed, Maritime Commercial Bank

The salesperson at the Shanghai Exchange helped him sell it, and then sent him a "transaction notification" by express delivery. Only then did he realize that he had made more than nineteen thousand taels...
Chapter completed!