Chongzhen Daming: Starting from Coal Mountain

Chapter 137
Ma Mingpao said yes and stayed where he was.

Chongzhen said to Zhu Cihong again: "Lang'er, please invite your father-in-law and the princess to the front hall to discuss matters."

"Yes." Zhu Cihong replied yes, and immediately went back to the back hall to invite Kang Wanwan and Kang Xi out.

Seeing Uncle Kang and the Crown Princess bowing to Chongzhen, Ma Mingpao felt a little strange, he could understand asking Uncle Guo to discuss matters, but what the hell is asking the Crown Princess?Let a woman meddle in this kind of occasion?
Only Chongzhen knows best that the Crown Princess is a real business genius.

In the future, the royal business will most likely be handed over to the Crown Princess.

"Sit down, sit down, there are a lot of things to discuss today, and it's tiring to stand." Chongzhen motioned for everyone to sit down, and then continued, "Let me tell you about the debt issuance first."

"Everyone in the world thinks that I issue bonds to raise wages."

"Even the princes in the court think so."

"Yes, they guessed right. The purpose of issuing bonds is to raise wages."

"But they guessed wrong again, issuing bonds is only the first step."

"The second step to be done is the key, and that is the transaction!"

"Bond trading?" Ma Mingtao couldn't help asking, "My lord, isn't bond trading prohibited?"

"That's to prohibit private transactions." Chongzhen waved his hand and said, "If bonds can be traded privately, then the Ministry of Internal Affairs will have no profit, and the salary for training and fighting will be lost."

After doing so much, he didn't hesitate to return the tens of millions of taxes recovered, not just to raise wages.

"What kind of profit can there be in bond trading?" Ma Mingpao looked at a loss, "The bonds sold are bought back? The money from the bond sales also goes out? What's the use?"

Bond trading is a layer of window paper, which is easy to pierce.

But before it was pierced, I couldn't even think of breaking my head.

Chongzhen patiently explained: "The bonds are sold at one price, bought back at another price, sold at another price, and returned at another price. Do you understand what I mean?"

"This?" Ma Mingpao said dumbfounded, "Your Majesty said buy low and sell high, can this work?"

"Why not?" Chongzhen asked rhetorically, "It's okay if some people buy it, but others can't sell it? We can organize a market exchange that specializes in buying and selling bonds. All the officials, gentry and common people of our Ming Dynasty can trade in the market as long as they provide their identity information. If you set up a dedicated account, you can participate in bond transactions as long as you deposit money into this account in advance.”

"Transactions on the stock exchange must be carried out every day except holidays, two hours each in the morning and afternoon."

"When selling bonds, you only need to report your account number and the type, quantity and price of the sold bonds, and the officials of the stock exchange will help him list the bonds. When buying bonds, you need to report your account number. And the number and quantity of bonds that need to be bought, and the staff of the stock exchange will buy them for him.”

This is very close to the modern stock exchange.

That is, there is only one type of securities traded for the time being.

Kang Wanwan, Zhu Cihong and Zhu Cijiong all felt refreshed.

Kang Xi cast admiring glances at Chongzhen, thinking that the Holy Majesty is really a business genius.

"But..." Ma Minghao was a little confused, "Those gentry and merchants are not stupid, they will be fooled?"

"Ma Qing, you are wrong, this is not called being cheated, this is just a business." Chongzhen smiled and said, "For example, about a month later, when I lead the sons of Prince Qin to Xuzhou, we will hold a martial arts show to strengthen the army. , After the Tang newspaper is sent back to Nanjing, the gentry and merchants in the south of the Yangtze River will have more confidence in the Northern Expedition, so at this time, if someone sells the bond, even if there is an increase above the original price, some people will still be willing to buy it."

"This." Ma Mingpao was speechless for a moment.

Chongzhen went on to say: "If the Ming army wins another battle at this time, even if it only wins against the bandits, the bond price will probably rise again after the news spreads back to Nanjing, and more people will open bond accounts in the stock exchange. "

"My lord, I understand." Hearing this, Ma Mingpao finally came to his senses.

After a pause, Ma Mingpao said again: "At this time, the Ministry of Internal Affairs will be able to sell the second and third tranches of bonds, right?"

"Yes, this is the best time to sell the second tranche of bonds, and no matter how low the interest on the second tranche of bonds is, people will still buy them, because by this time, the gentry and merchants in the entire Jiangnan have probably discovered that buying bonds , you can still make money without paying when it is due, and you can make a lot of money!"

How many futures speculators will actually deliver?

Ma Mingtao said: "So the Holy Majesty means that the Ministry of Internal Affairs organizes the Exchange, right?"

"No, the stock exchange cannot be organized by the Ministry of Internal Affairs." Chongzhen waved his hand and said solemnly, "The stock exchange that provides bond transactions can only be organized by businessmen, and the Ministry of Internal Affairs only has the right to supervise."

It has been proved that the government supervises the business operation, which is a feasible method.

Purely government-run is prone to corruption, and the efficiency is not high.

Simple business operations can easily lead to chaos in the economic order. The profit-seeking nature of capital has determined that once supervision is lost, it will evolve from a canal that irrigates fertile fields to a flood that destroys everything.

Therefore, only the government-supervised commercial office is the most reasonable solution.

This is not only the case for the Exchange, but also for all industrial and commercial systems in the Ming Dynasty.

"Market exchanges can only be organized by businessmen?" Ma Minglu was stunned. Kang Wanwan's father and daughter and Zhu Cihong's younger brother also didn't expect that this kind of government office, which often involves tens of millions of taels, could also be handed over to businessmen?

"Why?" Zhu Cijiong asked, "Isn't it better to hand it over to the Ministry of Internal Affairs for preparation?"

"Not good." Chongzhen said seriously, "The daily turnover of the Exchange will be an astronomical figure. Faced with such a huge amount of money every day, no one can be indifferent!"

"So, if the Municipal Exchange is organized by the Ministry of Internal Affairs,"

"The head, deputy head, and officials of the Ministry of Internal Affairs may have to change every six months."

Ma Mingpao remained silent, and he was also asking himself, whether he could withstand this huge temptation?
The answer is, I don't know, and he doesn't know if he can resist the temptation, and how long he can resist it?
Zhu Cijiong frowned and said: "But if the market exchange is handed over to businessmen to organize, the price difference of buying low and selling high will not all go to the organizing businessman? What can the Ministry of Internal Affairs get?"

"Dividends." Chongzhen said, "The Ministry of Internal Affairs does not participate in the preparation, but it does have shares!"

"Occupy shares?" Ma Minghao said in astonishment, "What does your lord mean, that there will be many businessmen in the stock exchange?"

"Of course." Chongzhen smiled slightly, and said to Kang Wanwan, "Dear family, I will leave this matter to you. I have thought about it. The number of shares on the stock exchange is tentatively set at [-] shares, and the principal of each share is tentatively set at [-] shares. Set at ten thousand taels."

After a pause, Chongzhen said again: "The total share capital is tentatively set at [-] million taels!"

"[-] million!" Ma Mingpao couldn't help but gasped, so much?
Kang Wanwan also felt a little dizzy, and at the same time a little jittery.

One hundred million taels?Your Majesty, you are too ruthless, how can I collect so much money?

Besides, if you set the principal of the exchange so high, it will scare away interested merchants.

After all, there is a lot of pressure to take out so much equity capital all at once, and the time to pay back the capital is too long.

Chongzhen seemed to have guessed what Kang Wanwan was thinking, and said with a smile: "You don't have to be afraid, my in-laws. I won't force you to take out [-] million taels at once. I will allow you to pay only part of the principal for the time being."

"This, that..." Kang Wanwan said, "Dare to ask your Majesty, how much will you subscribe?"

Chongzhen thought for a while and said: "The Ministry of Internal Affairs holds [-] shares, but it does not participate in the operation, and is only responsible for supervision. The remaining [-] shares are management shares. You can subscribe first for your in-laws, and then find other colleagues to subscribe. At the end of this month, you only need to subscribe for [-]% of the principal, and the rest will be discussed at the end of the year. If the profits of each family are not enough to cover [-]% of the principal, I will also refund the previous [-]% of the principal, and each family can pay at any time. Everyone can leave."

Kang Wanwan thought for a while and asked again: "What if the profit of each company exceeds [-]% of the equity capital at the end of the year?"

"Then there is nothing to say, each family must pay off the remaining capital before the end of the year." Chongzhen said, "Including your in-laws, you must also pay it off. A business that can pay back its capital in three years is considered good no matter what. The business is still stable, so there will be countless people vying for it, and there is no need to worry about selling it.”

Kang Wanwan accepted this, and asked again: "Then, there has to be a speaker in the stock exchange. Is this speaker selected by us merchants who have invested in shares, or appointed by the Ministry of Internal Affairs?"

"Nomination." Chongzhen said solemnly, "The Ministry of Internal Affairs will not appoint."

"So, I understand." Kang Wanwan heaved a sigh of relief.

As the Holy One said just now, the Exchange is really a good business.

Fang Wenzhen, Zhang Han and merchants from all over the world should be very interested.

As for the share capital of [-] million taels, it is not worth mentioning at all.

But for Chongzhen, it was a lot of extra income.

Counting the [-] million yuan from the debt sale, plus the [-] million shares that are about to be acquired, and the remaining one million taels of Yangzhou tax bank and Nanjing tax bank that were pursued, the account of the Ministry of Internal Affairs will immediately be paid. There must be [-] million!

With this large sum of money, Chongzhen could finally do what he wanted to do.

The first thing to do, of course, is to make firearms, make firearms, make firearms!
At the end of the Ming Dynasty, it was already at a critical point where cold weapons and hot weapons alternated. Although the advantages of hot weapons on the battlefield were not so obvious, and they would even be crushed by cold weapons under certain conditions, the historical trend was so vast that it was not based on If anyone's will is diverted, the world will definitely enter the era of hot weapons in an all-round way.

Another one, financial speculation will not promote industrial development.

Therefore, only by investing a huge amount of real money in the production of the military industry, and then driving the development of industries in other fields through the military industry, it may be possible to give birth to the industrial revolution in Ming Dynasty.

This is also the first national policy that Chongzhen decided for Ming Dynasty.

Use the military industry to drive other industries!

[Kneeling for a monthly pass]

【Ask for a recommendation ticket】

(End of this chapter)