Chongzhen Daming: Starting from Coal Mountain

Chapter 165

Kang Wanwan hurriedly said: "I also ask the owner of the horse to show me."

Ma Minglu said: "After the bond trading starts, no matter whether the price rises or falls, there must be a limit, and the range cannot exceed [-]% at most. That is to say, the price can only be increased or decreased by [-]% every day."

The article Ma Mingpao mentioned was indeed added temporarily by Chongzhen.

In the beginning, Chongzhen actually didn’t want to set a limit, but wanted to let the bond’s price rise or fall indefinitely. In this way, the high-yield bonds sold in the first tranche can be redeemed with only a few rises and falls.

But Chongzhen thought about it later, this method could easily kill the nascent bond transaction in the bud.

Therefore, Chongzhen finally decided to set a limit on the rate of rise and fall. It cannot fall too hard or rise too sharply at one time.

"Huh? There is still a limit to price increases and decreases?" Kang Wanwan was taken aback when he heard this.

Zhang Han, Fang Wenzhen and more than [-] large and small shareholders also looked at each other in blank dismay.

In the end, Kang Wanwan was the first to react, which was what the emperor meant.

Since it is the emperor's intention, there is nothing to say, just obey the order.

At that moment, Kang Wanwan said repeatedly: "Chengcheng, since this is the holy will, you should follow it."

"Okay, then I don't have anything to say here." Ma Mingpao hummed lightly, and said, "Uncle Kang Guo, open the door. The gentry and merchants who are interested in buying the second bond must have been waiting impatiently."

[Note: I searched for a long time, and only found out that the prince's father-in-law is called the uncle of the country]

Seeing Ma Mingtao ordering Sun Tinglan directly, the scene was full of slander from many shareholders.

I thought he was a vice-principal, Zhima Xiaobapin, so small.

Sun Tinglan didn't care at all, because I knew the importance of Kang Wanwan in Chongzhen's heart.

When Sun Tinglan smiled, he shouted: "Open the small door, please come back!"

With the opening of the small iron gate of the Exchange, the gentry and merchants who had been waiting for a long time poured in one after another. It was because there were no shop assistants outside to maintain order and usher the gentry and merchants into their seats.

Those clerks were elite soldiers and weak generals drawn from various firms, who were quick-witted and eloquent, and arranged clearly for the thousands of gentry and merchants who rushed back. The whole small hall was busy but chaotic.

After all the gentry, merchants and merchants were seated, Sun Tinglan climbed to the top of the central notice stand with a red face.

In addition to being used to release information, the central bulletin board that I co-authored can also serve as a central rostrum.

At the same time, hundreds of fellows with muddy articulate voices and loud voices stood on the first floor, various areas on the seventh floor, and boxes on the eighth floor.

Equality is possible equality.

As customers, they are also divided into eighth, eighth, and fourth grades.

Customers on the first and seventh floors have to raise their own signs to tell the traders that they want to sell or buy bonds. There is no waiter in the VIP box on the eighth floor, so they just need to tell the trader.

For example, now, the VIPs on the eighth floor also need to listen to Sun Tinglan, because there is no assistant to tell us.

Big businessmen like Ma Mingpao and wealthy gentry like Wang Tao could only sit in the small hall on the first floor, eating melon seeds, let alone fruits.

It was two people who didn't care.

Sun Tinglan said, the buddy will go back and repeat.

Yan Jingjian and Wang Tao are very slow to get married.

The seventh tranche of bonds is indeed as it is said in the legend. With the [-] million acres of Guide Mansion and Kaifeng Mansion mortgaged, a total of [-] million taels of bonds will be sold, with one-year, eight-year, seven-year and ten-year bonds Ten million taels each, but the interest of the seventh issue of bonds is slightly higher than that of the first issue.

The seventh installment of the one-year bond only pays eleven, the eight-year bond only pays seventeen, the seven-year bond only pays fourteen, and the ten-year bond only pays eighty. The same principal is still the same. Buying two seven-year bonds, the only difference is that the ten-year bonds cannot be redeemed before the maturity, which is attractive.

As for the bond transaction, there is nothing.

In fact, after that, the two basically guessed the process.

The only thing I haven't guessed is that there is actually a limit on the rise and fall.

Wang Tao was not disappointed. If there was no interest, I was planning to buy one-year bonds, eight-year bonds, and seven-year bonds, and only sell ten-year bonds.

However, Ma Mingpao said loudly to me: "Mr. Wang, use up the quota!"

Because of the small number of people, the Exchange was worried that the bonds would be enough to sell, so it first determined the quota, [-] taels per person. If you are sure that you don't have a surplus quota, you can't resell it on the spot.

"Ah?" Wang Tao said in surprise, "Use it all?"

"Yes, all of them are used up." Yan Jingjian said, "I want you!"

Wang Tao was a bit more determined, but in the end he still chose to kiss the boy's friend.

"Man, you buy [-]!" Wang Tao raised his sign and shouted, "[-] for each kind of debt punch!"

"Okay!" The man pointed to the wooden sign held by Wang Tao, and sang in a low voice, "Wang Yuanli on Cangcao Street bought one-year, eight-year, seven-year and ten-year bonds for [-] each. Twice! Both money and goods!"

Then there was no other guy who sent Wang Tao a beautifully printed [-] bond.

The clerk of Xiaoming Royal Bank also took [-] taels of color silver from Wang Tao's account on the spot.

Immediately afterwards, Ma Mingpao also bought [-] bonds, and then said to Wang Tao in a low voice: "Wang Yuanli, he will just look at it, and when the bond transaction is over, he can earn [-] yuan as soon as the bonds in his hand change hands." into profit."

That Yan Jingjian is very unlikely to be the first group of "shareholders" who retreated the slowest in Xiao Mingchao's role.

"That's right." Wang Tao came to his senses and said, "You heard people say that the imperial court just recruited [-] township warriors in the Huai'an mansion. Just one Huai'an mansion alone has [-] township bravery. Do you have a lot of bravery? Seeing that the Ming Dynasty has no money, it can afford to support as many troops as possible, so why worry about building slaves and thieves?"

"So." Ma Mingtao said, "bonds must go up."

During the conversation, less than half of the [-] million bonds were snapped up.

That is to say, hunger marketing can be eaten anywhere.

Before the first tranche of bonds was sold, it has been two months of word-of-mouth word-of-mouth, and there are almost no fewer gentry and merchants who have accepted this new thing from their hearts.

Originally, it was a fool to buy bonds until the credit problem was solved.

The silver in the cellar has nothing but long ash, but it is used to buy bonds, but at most there is no profit of [-]%, so why buy it?Must buy!Have to rush to buy!
It is conservatively estimated that there is no more than [-] million taels of silver in the entire Jiangnan.

That number is less than one-eighth of the entire Jiangnan folk deposits.

That is to say, the four prefectures and one state in the south of the Yangtze River are really rich, and the folk deposits are no more than [-] million taels of silver. Except for a large part of them participating in the sea for profit, the rest is lying in the cellar.

Before the seventh bond was sold out, the bond transaction was officially closed immediately after.

Ma Mingpao's judgment was verified very quickly, except that some of the gentry had used up their quotas and sold the quotas on their names, the information column was full of buying orders.

Not only did the missing selling orders disappear slowly, but the buying orders became less and less.

Moreover, the profit given by the buying order is getting lower and lower, and then it will touch the line very slowly!

"Everyone, everyone!" Sun Tinglan hurriedly stepped off the stage and shouted hoarsely, "According to the regulations of the stock exchange, at least one day is allowed to go up or down by [-]%, and today is allowed to go up again!"

Ma Mingpao poked Wang Tao with his elbow, "Mr. Wang, let's go."

When Wang Tao came out of the Exchange, he felt as if he was stepping on a cloud.

The money was too difficult to come by, and he made eight thousand taels just by sitting in the exchange for a while.

In the end, Wang Tao was able to resist the temptation and sold all the [-] bonds he had just bought.

"Mr. Wang, the price will go up tomorrow!" Ma Minglu walked beside Wang Tao and said loudly, "Let's come early, if no one sells it, buy it quickly and earn another vote for me."

"Sun Weng, let's go drink." Wang Tao said happily, "It's in the south courtyard."

The South Courtyard is the smallest Goulan Courtyard by the Qinhuai River. Although it is a low-grade private brothel like Meixianglou, the consumption is relatively high, and there are no beautiful girls outside. It is the first choice for big gentry and businessmen.

Hearing that Wang Tao was going to invite me to drink in the South Courtyard, Ma Mingpao was overjoyed.

……

On that day, gentry and businessmen like Ma Minglu and Wang Tao were unhappy, Sun Tinglan, Fang Wenzhen and our shareholders of the stock exchange were even more unhappy, and the least happy was Zhu Cihong without the crown prince.

The stock exchange made a lot of money today, but it was Xiao Ming's Royal Bank who made the most money.

Because if all the nobles and merchants want to buy and sell bonds in the exchange, they must open an account with Xiaoming Royal Bank and deposit silver in advance.

However, when I was saving money, I discovered that I could still get interest.

Although the interest rate of the bank deposit is very high, which is far lower than that of bonds, there are still some risks if there are too many bonds, but the deposit bank account cannot be said to have the slightest risk. The royal bank account can always fail, right?
So before the news spread, there were fewer and fewer gentry and merchants who deposited money.

And before that, the gentry and merchants who had no needs unexpectedly discovered that the Nanjing head office of the Royal Bank, which deposited the silver, could not withdraw it from the eight branches in Hangzhou, Yangzhou and Xuzhou!
It is said that semicolons will be opened in Wuchang, Guangzhou, Fuzhou and other places in the future.

That's really convenient, especially for these long-distance merchants.

When going out with a small sum of money in the future, I always worry that I will be robbed halfway.

But now I don't have that worry anymore, because I only need to carry a bank note, and I can take out the silver at a destination thousands of miles away, which is really convenient and considerate.

Therefore, the business of Xiaoming Royal Bank is developing very slowly.

Up to now, there are more than [-] gentry, merchants and family members who have opened accounts in Xiaoming Royal Bank.

Among them, less than a thousand people are "shareholders" of the stock exchange, and the other eight thousand people are all depositors, all of whom were developed by Xiaoming Royal Bank in less than eight months.

At this time, the total amount of money "lying" under Xiao Ming's Royal Bank account has not exceeded [-] million Xiaoguan!
Among them, [-] million is the proceeds from the first issue of bonds, [-] million is the proceeds from the seventh issue of bonds, and the remaining [-] million is deposited by more than [-] depositors.

Xiao Ming's Royal Bank is really making money.

(End of this chapter)