Lin Gao Qiming
Chapter 850 Stocks and Bonds
Chapter 850 Stocks and Bonds
The project in Guangzhou can be solved by raising shares and issuing bonds. This has been approved by the Executive Committee, and Cheng Dong himself is very supportive of this——Caijinkou has a large number of people with financial backgrounds who have been wanting to do business because they have no professional counterparts. Dissatisfied, depressed.With the big world project, in the future, we can retreat to engage in the stock market and draw blood from Guangzhou continuously.
However, the Executive Committee has certain concerns about whether the establishment of a joint-stock system will result in a loss of corporate equity.Although both Dabo Shipping and Runshitang Pharmaceutical are joint-stock enterprises open to indigenous people, the source of private equity still comes from naturalized people and partners "inside the system".The Guangzhou Great World project is completely public offering.The source of the shareholding members is complicated, and some people have great concerns about whether the opening of the stock offering will cause future interest involvement and constraints on social transformation.
"When we formally rule Guangdong, we will inevitably carry out a major cleansing of the original gentry class, completely eliminating them both physically and mentally! Now this kind of stock offering is essentially tantamount to selling them a gold medal for avoiding death." Du Wen said at the meeting Criticized fiercely about this, "I find it strange that we have a system based on a planned economy, why should we engage in this crooked way of capitalism..."
Qian Shuiting tapped the hammer: "Please focus on the topic and don't involve irrelevant content."
Although Du Wen was generally popular in the Senate, her words touched the hearts of many elders.There are many veterans who think that they should not hook up too deeply with Daming's vested interest groups.
For this reason, it was Chen Ce, director of the policy department of Delong Bank, who came out to defend from the Chief Financial Officer's Department.In fact, he is not only the head of the policy department of the bank, but also the head of the policy planning department of the entire finance department.
"I would like to remind all veteran comrades that whether it is a public offering or the issuance of corporate bonds, the essence is to 'provide financial services for the development of enterprises'. I think you will understand the meaning of my words." Chen Ce said calmly, "Want to control the board of directors by buying stocks, so as to finally gain the right to speak or even control the operation of a company? This kind of thing can only happen in the so-called decadent capitalist countries called by Yuan Yuan. It never happened in the old time and space." , of course it will not happen in this time and space. After all, we are the major shareholders."
Some elders and elders had a look of "sudden realization" on their faces.Some people didn't quite understand and were still waiting for him to speak.
"Big companies and big companies don't mean they have to pay dividends," Chen Ce began to speak more clearly, "Besides, we can set up a separate holding company for issuing stocks. Why, you never read the financial section in the old time and space?"
But Chen Ce's idea is not entirely feasible.Obtaining income by speculation will inevitably require a relatively standardized stock trading market.But in Guangdong right now there are no conditions for the establishment of a stock market.The Planning Institute and the Chief Financial Officer's Department are also not in favor of promoting these financial means of this time and space immediately.People in Ming Dynasty have a good concept of shares, but they are not as profound as making money by buying and selling stocks.Their only concept of investing in shares is to pay dividends when they make money.I am afraid that it is difficult for the big world project to say that it is a loss all the time.
After repeated discussions, the members of the Wudaokou Tea House reached a consensus: the stock market should not be engaged for the time being, and the Great World Project can raise shares from the public and issue corporate bonds at the same time—with the issue of corporate bonds as the main source of funds.
In order to obtain the working capital for construction as soon as possible, Guo Yi started to work immediately after receiving the formal approval.He and Meng Xian discussed how to actually operate this matter.
"Okay, tell me how much you want first, and how much you want now." Meng Xian stroked his chin—his beard was shaved a long time ago because he didn't look like a gentleman The light was gone, but he still unconsciously retained this action.
"You know exactly how much money I have." Guo Yi said dissatisfied.According to the financial regulations, the capital flow of Guangzhou Station is now all from the account of Delong Guangzhou Branch.
"It's different. Although your accounts are clear to me, it's the money of the entire Guangzhou station, not the investment in the big world project-this money can't be mixed."
"Cheng Dong gave me 5000 taels. It is all the goods and personal compensation that Guangdong gave us." Guo Yi said in a low voice, "This money is now allocated to the Great World project team."
But this money will not only be used for the Great World project, but also various repair costs for the reopening of the Zizi Shop.This sum of money will cost tens of thousands of silver.The money left for the Great World project is just over 2 taels.
"Twenty thousand taels is not too little." Meng Xian commented.
Not too little, but not too much in terms of the following overhead.The Planning Institute gave an approximate valuation form. The entire Great World project, including the early building materials project, will cost about 8 to [-] taels of silver when it is fully completed, including all equipment and personnel.
Meng Xian said: "We will calculate according to the plate of 10 taels. It is right to raise a little more."
With the operating capacity of Guangzhou Station, earning 8 taels is not a big problem, but most of the income of Guangzhou Station has to pay for a huge amount of imported goods. This is a plan that has been arranged by the Planning Institute and cannot be changed at will.
"I'm going to set up an underwriting group." Meng Xian said, "Contact a few big banks in the city to contract sales. Then you can get 10 taels of silver immediately--you don't have to count small money every day and wait to collect the money." It’s all here.” He looked around, “Besides, it doesn’t look very professional for you to sell stocks and bonds in the store.”
There are two types of securities issued, one is the stock of the Great World Project, and each share of Kuping Silver is seven cents and two cents.There is no agreement on stock income, and dividends are distributed every year according to the operation and profit status of the Guangzhou Great World project.It doesn't matter if the management is not good or less.The other is the bonds of the Great World Project, and each bond is seven cents and two cents of Kuping silver.The bond has a term of three years and an annual interest rate of [-] cents.Without compound interest, the principal and interest will be repaid once due.
All stocks and bonds are anonymous, and no loss is reported.This is tantamount to recognizing that stocks and bonds can be transferred privately.Prepare for the establishment of stock and bond markets in the future-the stock market in Europe was originally bought and sold among private individuals in coffee shops.
So the Guangzhou Branch took the lead and contacted six other big peer banks in Guangzhou to amortize the 10 taels of stocks and bonds.Meng Xian was the first to subscribe for 10 taels.The financial resources of Zizihao, the strength of the Australians and Meng Xian's unhesitating subscription made all the banks not hesitate to amortize the [-] taels soon.
The news that Zizihao raised shares through the bank immediately caused a great commotion among the officials. Who didn't know that Guo Dongzhu's industry was making a lot of money, and many people were overwhelmed and wanted to deposit their private money in Zizihao's cabinet.Now there are shares to buy!Buying shares is equivalent to raising a goose that can lay golden eggs!All the officials up and down were eager to look at the money they had accumulated for the eunuch over the years.
Officials are so enthusiastic, and ordinary people are naturally unwilling to lag behind.The big gentry and gentry who had connections with the government on weekdays were well-informed and got the news.They sent people to the underwriting bank to say hello in advance and make a reservation for the number to be purchased.However, this time Meng Xian made a hunger sale, and he firmly grasped the subscription procedure, and only gave half of the subscription book to each underwriting peer.The remaining amount is ready for public sale.
One thing that became apparent was that there was immediately a black market for subscription books.A subscription book that can buy 50 shares only costs [-] cash in the Guangzhou branch of Delong. The price of [-] taels.That's crazy enough for anyone.
"It seems that greed and speculation are unavoidable things in any time and space." Meng Xian couldn't help expressing his emotions when he heard the news that the subscription book was hyped.
The officials and big households are so enthusiastic, and the ordinary people are not far behind.Each share of stocks and bonds only costs seven cents and two cents, and middle-class people can afford them. The various wealth myths of Zizihao are also seen by ordinary people in Guangzhou. They don’t want to miss it this time. Flock to the bank—even if you buy five shares and ten shares.
In just four or five days, the underwriting group's quota of 10 taels of silver was sold out.In fact, if Meng Xian and Guo Yi didn't intend to let Shengdou Xiaomin and the middle-class households buy part of the securities, only the local big officials and gentry could buy up all the quotas.
"We can completely distribute 20 taels..." Zhang Yikun, the person in charge of Great World, laughed from ear to ear.Once the vain money is in hand, the project can be rolled out on a large scale.
"What's the hurry, this city of Guangzhou can be called a black hole of silver, what is 20 taels - I don't know how much silver is hidden in the corners of the old rich people's walls and underground. We have to find a way to dig up all their money and use it. "Meng Xian said, "This time it is considered as the first phase, and the second, third, and fourth phases will be released in the future, and all the money will be given to the building."
Zhang Yikun nodded again and again: "This is the best way, and it's fun to use other people's money." He thought for a while and said, "We should sell more stocks and less bonds. The annual interest of two cents on bonds cannot be lost. Anyway, the stock market will say that the business is not good at that time, so just don’t pay dividends. Anyway, the group of shareholders can’t check the annual performance report or anything like that.”
Meng Xian said: "The stock market is ruined by your thinking. You are a pig as a shareholder, and you have to kill pigs and bloodlet them all day long, and you still have to get in? In my opinion, it will take more or less five or six years to start." Dividends, let’s talk about building credit! Even if you don’t make money or lose money, you have to share! Only in the second and third phases can the stocks of other projects be sold in the future!”
(End of this chapter)
The project in Guangzhou can be solved by raising shares and issuing bonds. This has been approved by the Executive Committee, and Cheng Dong himself is very supportive of this——Caijinkou has a large number of people with financial backgrounds who have been wanting to do business because they have no professional counterparts. Dissatisfied, depressed.With the big world project, in the future, we can retreat to engage in the stock market and draw blood from Guangzhou continuously.
However, the Executive Committee has certain concerns about whether the establishment of a joint-stock system will result in a loss of corporate equity.Although both Dabo Shipping and Runshitang Pharmaceutical are joint-stock enterprises open to indigenous people, the source of private equity still comes from naturalized people and partners "inside the system".The Guangzhou Great World project is completely public offering.The source of the shareholding members is complicated, and some people have great concerns about whether the opening of the stock offering will cause future interest involvement and constraints on social transformation.
"When we formally rule Guangdong, we will inevitably carry out a major cleansing of the original gentry class, completely eliminating them both physically and mentally! Now this kind of stock offering is essentially tantamount to selling them a gold medal for avoiding death." Du Wen said at the meeting Criticized fiercely about this, "I find it strange that we have a system based on a planned economy, why should we engage in this crooked way of capitalism..."
Qian Shuiting tapped the hammer: "Please focus on the topic and don't involve irrelevant content."
Although Du Wen was generally popular in the Senate, her words touched the hearts of many elders.There are many veterans who think that they should not hook up too deeply with Daming's vested interest groups.
For this reason, it was Chen Ce, director of the policy department of Delong Bank, who came out to defend from the Chief Financial Officer's Department.In fact, he is not only the head of the policy department of the bank, but also the head of the policy planning department of the entire finance department.
"I would like to remind all veteran comrades that whether it is a public offering or the issuance of corporate bonds, the essence is to 'provide financial services for the development of enterprises'. I think you will understand the meaning of my words." Chen Ce said calmly, "Want to control the board of directors by buying stocks, so as to finally gain the right to speak or even control the operation of a company? This kind of thing can only happen in the so-called decadent capitalist countries called by Yuan Yuan. It never happened in the old time and space." , of course it will not happen in this time and space. After all, we are the major shareholders."
Some elders and elders had a look of "sudden realization" on their faces.Some people didn't quite understand and were still waiting for him to speak.
"Big companies and big companies don't mean they have to pay dividends," Chen Ce began to speak more clearly, "Besides, we can set up a separate holding company for issuing stocks. Why, you never read the financial section in the old time and space?"
But Chen Ce's idea is not entirely feasible.Obtaining income by speculation will inevitably require a relatively standardized stock trading market.But in Guangdong right now there are no conditions for the establishment of a stock market.The Planning Institute and the Chief Financial Officer's Department are also not in favor of promoting these financial means of this time and space immediately.People in Ming Dynasty have a good concept of shares, but they are not as profound as making money by buying and selling stocks.Their only concept of investing in shares is to pay dividends when they make money.I am afraid that it is difficult for the big world project to say that it is a loss all the time.
After repeated discussions, the members of the Wudaokou Tea House reached a consensus: the stock market should not be engaged for the time being, and the Great World Project can raise shares from the public and issue corporate bonds at the same time—with the issue of corporate bonds as the main source of funds.
In order to obtain the working capital for construction as soon as possible, Guo Yi started to work immediately after receiving the formal approval.He and Meng Xian discussed how to actually operate this matter.
"Okay, tell me how much you want first, and how much you want now." Meng Xian stroked his chin—his beard was shaved a long time ago because he didn't look like a gentleman The light was gone, but he still unconsciously retained this action.
"You know exactly how much money I have." Guo Yi said dissatisfied.According to the financial regulations, the capital flow of Guangzhou Station is now all from the account of Delong Guangzhou Branch.
"It's different. Although your accounts are clear to me, it's the money of the entire Guangzhou station, not the investment in the big world project-this money can't be mixed."
"Cheng Dong gave me 5000 taels. It is all the goods and personal compensation that Guangdong gave us." Guo Yi said in a low voice, "This money is now allocated to the Great World project team."
But this money will not only be used for the Great World project, but also various repair costs for the reopening of the Zizi Shop.This sum of money will cost tens of thousands of silver.The money left for the Great World project is just over 2 taels.
"Twenty thousand taels is not too little." Meng Xian commented.
Not too little, but not too much in terms of the following overhead.The Planning Institute gave an approximate valuation form. The entire Great World project, including the early building materials project, will cost about 8 to [-] taels of silver when it is fully completed, including all equipment and personnel.
Meng Xian said: "We will calculate according to the plate of 10 taels. It is right to raise a little more."
With the operating capacity of Guangzhou Station, earning 8 taels is not a big problem, but most of the income of Guangzhou Station has to pay for a huge amount of imported goods. This is a plan that has been arranged by the Planning Institute and cannot be changed at will.
"I'm going to set up an underwriting group." Meng Xian said, "Contact a few big banks in the city to contract sales. Then you can get 10 taels of silver immediately--you don't have to count small money every day and wait to collect the money." It’s all here.” He looked around, “Besides, it doesn’t look very professional for you to sell stocks and bonds in the store.”
There are two types of securities issued, one is the stock of the Great World Project, and each share of Kuping Silver is seven cents and two cents.There is no agreement on stock income, and dividends are distributed every year according to the operation and profit status of the Guangzhou Great World project.It doesn't matter if the management is not good or less.The other is the bonds of the Great World Project, and each bond is seven cents and two cents of Kuping silver.The bond has a term of three years and an annual interest rate of [-] cents.Without compound interest, the principal and interest will be repaid once due.
All stocks and bonds are anonymous, and no loss is reported.This is tantamount to recognizing that stocks and bonds can be transferred privately.Prepare for the establishment of stock and bond markets in the future-the stock market in Europe was originally bought and sold among private individuals in coffee shops.
So the Guangzhou Branch took the lead and contacted six other big peer banks in Guangzhou to amortize the 10 taels of stocks and bonds.Meng Xian was the first to subscribe for 10 taels.The financial resources of Zizihao, the strength of the Australians and Meng Xian's unhesitating subscription made all the banks not hesitate to amortize the [-] taels soon.
The news that Zizihao raised shares through the bank immediately caused a great commotion among the officials. Who didn't know that Guo Dongzhu's industry was making a lot of money, and many people were overwhelmed and wanted to deposit their private money in Zizihao's cabinet.Now there are shares to buy!Buying shares is equivalent to raising a goose that can lay golden eggs!All the officials up and down were eager to look at the money they had accumulated for the eunuch over the years.
Officials are so enthusiastic, and ordinary people are naturally unwilling to lag behind.The big gentry and gentry who had connections with the government on weekdays were well-informed and got the news.They sent people to the underwriting bank to say hello in advance and make a reservation for the number to be purchased.However, this time Meng Xian made a hunger sale, and he firmly grasped the subscription procedure, and only gave half of the subscription book to each underwriting peer.The remaining amount is ready for public sale.
One thing that became apparent was that there was immediately a black market for subscription books.A subscription book that can buy 50 shares only costs [-] cash in the Guangzhou branch of Delong. The price of [-] taels.That's crazy enough for anyone.
"It seems that greed and speculation are unavoidable things in any time and space." Meng Xian couldn't help expressing his emotions when he heard the news that the subscription book was hyped.
The officials and big households are so enthusiastic, and the ordinary people are not far behind.Each share of stocks and bonds only costs seven cents and two cents, and middle-class people can afford them. The various wealth myths of Zizihao are also seen by ordinary people in Guangzhou. They don’t want to miss it this time. Flock to the bank—even if you buy five shares and ten shares.
In just four or five days, the underwriting group's quota of 10 taels of silver was sold out.In fact, if Meng Xian and Guo Yi didn't intend to let Shengdou Xiaomin and the middle-class households buy part of the securities, only the local big officials and gentry could buy up all the quotas.
"We can completely distribute 20 taels..." Zhang Yikun, the person in charge of Great World, laughed from ear to ear.Once the vain money is in hand, the project can be rolled out on a large scale.
"What's the hurry, this city of Guangzhou can be called a black hole of silver, what is 20 taels - I don't know how much silver is hidden in the corners of the old rich people's walls and underground. We have to find a way to dig up all their money and use it. "Meng Xian said, "This time it is considered as the first phase, and the second, third, and fourth phases will be released in the future, and all the money will be given to the building."
Zhang Yikun nodded again and again: "This is the best way, and it's fun to use other people's money." He thought for a while and said, "We should sell more stocks and less bonds. The annual interest of two cents on bonds cannot be lost. Anyway, the stock market will say that the business is not good at that time, so just don’t pay dividends. Anyway, the group of shareholders can’t check the annual performance report or anything like that.”
Meng Xian said: "The stock market is ruined by your thinking. You are a pig as a shareholder, and you have to kill pigs and bloodlet them all day long, and you still have to get in? In my opinion, it will take more or less five or six years to start." Dividends, let’s talk about building credit! Even if you don’t make money or lose money, you have to share! Only in the second and third phases can the stocks of other projects be sold in the future!”
(End of this chapter)
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