"This is to protect the interests of investors so as not to run away from money or be used for other purposes. Every once in a while, companies or individuals raising funds need to publish the project accounts, disclose the use of money, and accept audits from the exchange. Once a problem occurs, a fine is at a minor level, a sentence is at a serious penalty, and no tolerance is allowed. In short, companies listed on the exchange are subject to the supervision and protection of the laws of the Tang Dynasty. If you dare to violate the law, report false accounts, or embezzle money, it is a serious crime."

"Law?" Someone said in surprise: "There is still a law?"

"Of course, it is impossible to follow, isn't it empty talk? If that happens, how can a dispute be ruled? Whoever has the power is right? This is impossible. Your Majesty said that the prince violates the law and the common people's crimes, and the transaction is fair. Now this law is being revised urgently. In short, whoever pays for the funds, this law is to ensure that the money they invest can get the reward they deserve. Poor management, natural disasters and man-made disasters, everything is possible, but fraud is another matter."

Everyone is smart, and many people quickly understand the real role of this exchange.

The court provided a guaranteed platform.

Those who are short of money can come here to establish a project, list it, pay a guarantee, and raise the funds needed for their projects. Everyone says that the funds are thrown to this person, and the funds are regulated by the exchange to ensure that they will not be spent randomly. This person reuses the funds and develops the funds' business, and gets profits, and shareholders will share the profits together.

In this way... it is a win-win situation.

Chu Dali thought of his own vicious cycle. If he could use this method, wouldn’t it be solved?

When you have the funds, you can recruit people and buy raw materials to take over the work in the port and earn more money. A vicious cycle has become a live cycle. Although the money you earn must be distributed according to the proportion, for Chu Dali, this is not a problem at all. First of all, without this money, the scale of his blacksmith shop cannot be expanded. If it cannot be expanded, he cannot make more money, let alone profit. Moreover, he heard this, even if it becomes a shareholding system, he can still decide on his own. He has no power. He can still tell which end is more important than that.

However, after all, his blacksmith shop is a small shop, can the exchange handle it? With a try-out mentality, Chu Dali shouted in the crowd: "Brother, I have a blacksmith shop, can I also establish a project?"

Someone got a trap?

Li Tai's ears were so sharp that he instantly found Chu Dali who was talking and smiled: "Of course, as long as he meets the conditions and passes the exchange's audit, he can be listed."

Chu Dali did not hesitate: "I signed up, I signed up!"

He thought it simple. Anyway, his blacksmith shop was there. Even if he suffered a loss, how much could he suffer? But if things were done, the cheaper would be a big deal. If he wanted to change the fate of his family and ancestors for generations, he could not give up all opportunities.

Li Tai asked Qin Huaidao to fill in the information for Chu Dali, and then said to the onlookers: "The exchange was created by the imperial court to facilitate everyone. From the perspective of the exchange, it will not instigate everyone to list. If you want to list, the exchange will not drive away it. Everything depends on voluntary. If you have any concerns, you might as well wait and see for a while. After all, no one's money is not blown by the strong wind, and no one's business is falling from the sky. Whether it is money raising or investing, everyone still needs to be more cautious."

"I emphasize that as long as it is an investment, there are certain risks. Silk is priced at seven or eight a year, and commodities are available at the market, and the stock market is the same. Everyone is an adult, not a child, and you must be responsible for your choices and decisions. In any period when money is involved, be cautious and not embarrassed. If you mess up and lose everything, you will be embarrassed!"

"In order to let everyone understand the details of the project establishment, listing, investment, dividend distribution and other processes, here is a newly printed investment guide, priced at fifty texts, a total of sixty pages. Is it a cost price? Everyone knows it, so I won't say much. If you don't want to buy this investment guide, you can also pay attention to the Datang Business Daily at any time. From now on, some of the contents in the investment guide will be serialized every day. You can read the newspaper without rushing to read. All the details are written clearly on it, and any details are open and transparent, and you feel that there is no hidden secrets, and you will accept everyone's supervision!"

After saying that, Li Tai took out a stack of booklets and was immediately snapped up. Who can wait for the serialization? They are all merchants in Yangzhou City, people who have been doing business for decades, and who doesn’t know the news is equivalent to money? When the newspaper is serialized, at least a few days later, the people who have seen the investment guide have already earned the money, and there are still some for you to keep?

There were 500 booklets in total, and they were sold out in the blink of an eye. Some people wanted to do so, but Li Tai had to agree and contact the printing shop to print, trying to provide 500 copies every day. Moreover, Li Mu also noticed that some people bought more than one, so he added one to the announcement, and from tomorrow, he had to buy an investment guide, and relying on the "ID card", one person could only buy one.

As the main city for future development in Jiangnan, Yangzhou City has long completed identity registration. Now Yangzhou City, like Chang'an and Luoyang, has become one of the cities without black households in the Tang Dynasty.

...

Tonight, there is no sleep in Yangzhou City.

All merchants, including the twelve prominent families, are studying investment guides.

The court set up an exchange to provide guarantees... and invest money... and share profits.

Any good projects that can be listed and gather funds.

This is a very novel thing for most merchants.

However, businessmen are knowledgeable and can basically understand what is going on by just reading this guide. It’s just... it’s just doing business in partnership. To be more precise, it’s not doing business in partnership, but borrowing money to do business. There are many such things among the people, but the reason why it has never been popular is that the interest rate of private lending is too high, and even the best project will be dragged down under the lending.

Furthermore, ordinary people are not willing to lend money. It’s easy to say if they make a profit. If you lose money, even if you force him to pay it back, what can you do if he has no money? If he kills him, he will not be able to get back the money.

In addition to these, some people remembered the matter about lending when the bank was first established. At that time, the bank was established and directly changed the interest on lending from three times to less than 30%, or even high-quality investments, as only 10% as interest. In the eyes of merchants, 10% of the interest is almost no interest. If funds are needed, you will never lose money by borrowing directly from the bank.

In fact, this has solved the problem of lack of money to do business. Why did the imperial court still open the exchange?

In order to pass on the risks? I haven't heard of anyone who dares to rely on the bank's accounts. Why is that? Is it for ordinary people? In order to let them participate in business, 10% of the interest on bank loans was erased and changed to no interest. This is reasonable, but why did the court do this?

Gu Sizhi thought for a while, then spoke slowly, and said, "I have an idea, I will give you some simple opinions, let's discuss together."

Everyone looked at him, and Wang Rui said, "Old Gu has something to say. When is it time to go around and there is no time to take turns."

"This kind of strange idea is usually not the meaning of the princes in the court. After thinking about it, the Marquis must be the Marquis who have such ideas. The Marquis acts and is so vain that we ordinary people can guess it? There is no sign of this before, and no news is revealed to me. I think about it, the Marquis must have deliberately hidden it from us."

Seeing everyone nodding, Gu Sizhi glanced at everyone and said slowly: "Why did the Marquis hide it from us? This move will definitely be detrimental to us!"

The house was in an uproar. The Marquis actually wanted to deal with us. Are we still a way out?

This is the subconscious thought of everyone. The more they come into contact with Li Mu, the more they are afraid of Li Mu. They even dare not think about whether they have a chance to win, because thinking about it is useless. There is only one answer. In business, no one is the opponent of the Marquis, and in terms of power, as long as they do not lose their saints, even the first person in the dynasty, the uncle Changsun Wuji, could not do anything to the Marquis of Luoyang. This is something that has been proven countless times!

Wang Rui said bitterly: "Old Gu, I don't believe what you said. The Marquis is not a cold-hearted person."

"I hope so too, but what do you say now?" Gu Sizhi said seriously: "Everyone might as well think about it seriously. Rather than saying that the world's business is done by all the people in the world, it is actually not the ones who are the ones who are aristocratic families? Any city where you go, rice, flour, grain, oil, jewelry, wood and iron, and there are so many threads behind it. Which one can have nothing to do with the aristocratic families? I dare not be an inconspicuous small business."

"It is precisely because of this relationship that the aristocratic families have established influence in the local area. This has made the transcendent status of the aristocratic families and it is precisely the place where the court fears. The court had no choice but to do anything about us before, because we had to do a lot of business. Without the help of the aristocratic families, even Your Majesty would be powerless."

"But think about it, if anyone can do business, ordinary people can do business, will the transcendent status of the aristocratic families still exist? Does the influence on the local area still exist? Does the court still need us? Without this restriction, wouldn't we become fish on the court's chopping board? How can we deal with it as much as we want?"

Gu Sizhi strengthened his tone and said, "Now everyone understands why the Marquis is hiding it from us, right?"

Gu Sizhi's statement was reasonable and well-founded. Everyone nodded. Wang Rui wanted to say something, but when he saw that most people agreed with Gu Sizhi's words, he opened his mouth and said nothing.

Everyone asked, "Well, Mr. Gu, what should I do?"

Gu Sizhi pondered for a while and said, "No matter what, it is not appropriate to turn against the Marquis. After all, our main focus now is on port and sea transportation trade. If the Marquis anger, the consequences will be unimaginable. Don't forget that General Hou brought 20,000 Tunwei. Do you really think he is just to protect His Majesty's safety?"

"For the sake of our plan, we can only pretend to be stupid!"

Everyone was puzzled and asked, Gu Sizhi explained: "In theory, we are local snakes from Jiangnan. If the Marquis does something in Jiangnan and give us some support in advance, we have to give us face. If the Marquis talks to us about the matter on the exchange, even if we are reluctant, we still have to support and invest a few. But since the Marquis didn't say it, it's not necessary for us, so we don't join in the fun."

"As for the project to raise funds..." Gu Sizhi laughed: "Do we still lack the capital to do business?"

Everyone laughed. The prominent clans in the south of the Yangtze River were different from those in the north. The north had wars for years. During the Southern and Northern Dynasties, they fought against the northern nomadic clans, and later they crossed south. This led to the fact that the northern clans in military and political terms were excellent. However, in terms of accumulation of money, they were not necessarily comparable to the prominent clans in the south of the Yangtze River. Take the Xiao family of Lanling for example. They were originally the royal family of the Southern Dynasty, and I don’t know how much money they accumulated. Before Li Shimin destroyed Liang, in order to show his wealth and stabilize the south, they did not confiscate their imperial property. This was a wealth that was as rich as a country.

Other aristocratic families have saved money for several lifetimes in a stable environment. Who has few treasurys just to pile up copper coins? Not to mention copper coins from the previous dynasty, even the Wuzhu coins from the Han Dynasty, there are many people who have stored several cellars at home.

When everyone heard this, they understood what Gu Sizhi meant. Since you didn't look for me, I'll pretend that I don't know. If you don't oppose you, and we don't cooperate, you can't say anything, right?

As long as all the prominent families in Jiangnan do not participate, even if the exchange is signed, it will be useless. In just a few days, it will disappear.

Thinking of the invincible Marquis of Luoyang, one day when they were defeated, everyone couldn't help laughing wildly. Only Wang Rui, the guy who had learned from Li Mu's mistakes, couldn't laugh at all. With his understanding of Li Mu, how could he have imagined such a simple thing? People didn't tell you, it must be because you didn't need you, or they didn't treat you as a scallion at all. Looking at these men who took themselves seriously, Wang Rui seemed to see their knees begging Li Mu, and he couldn't help but feel cold lips and teeth, and the rabbit and fox were sad, so how could he laugh?

He shook his head, ignored everyone who was trapped in fantasy and left early.

...
Chapter completed!