Guangsha Pingding starts outside the Jinchuan Gate of Nanjing. This is a securities trading building built by the Ministry of Industry. It has three floors. The lobby on the first floor is for customers with small funds. The second bureau has many private rooms for customers with small funds.
Large banks, chambers of commerce, and high-rollers; the third floor is where yamen with official backgrounds such as the Securities Department of the Ministry of Accounts and Daming Bank are located.
The Securities Department of the Ministry of Household Affairs was a newly established yamen. The first doctor, You Tong, was fifty-three years old and was praised by the Minister Zhang Xiaoqi as being mature and steady. When the yamen was first established, officials with a calmer personality were needed to take the lead, so Emperor Guangwu chose him to take charge;
He was assigned two younger Yuanwailangs, Yang Yongjian and Han Suo, both around forty years old. One was responsible for the issuance of company securities, and the other was responsible for the collection of stamp duties and daily management.
"Company" is a brand new thing. Ever since Emperor Guangwu approved the Crown Prince's share law, he has encouraged multiple parties to invest in shares, agree on the share in a document, and share the profits and losses. The Department of Industry and Commerce has been specially set up in the Ministry of Accounts to register the shares of these investors.
, there has been a wave of raising funds to run industries among the people. Each of these industries is called a company, and there are two main types: a company that is wholly owned by one person is called a sole proprietorship; a company that is jointly funded by multiple people is called a joint-stock company, and the investors are called shareholders
, shareholders meet to elect managers to manage the company, and some larger shareholders form a board of directors, who elect the chairman to jointly supervise the managers.
It is said that this method was actually thought up by the current sage. After he proposed this method, he shocked the officials of the Ministry of Revenue. Unexpectedly, the sage was not only able to govern the country and fight wars, but he was also so good at doing business! He is truly a holy king through the ages.
, Wen Tao and martial arts make money, the best in the world!
The companies listed for trading in the Da Ming Securities Exchange Building are naturally joint-stock companies, and what is traded is the company's shares. Each of these companies seems to cost a lot of money, but because there are multiple shareholders, the actual investment is much less. For example, Anshan has
The owner of a company that mines and smelt iron needs 300,000 taels of silver, but only provides 100,000 taels, and the remaining 200,000 taels are raised through a stock offering.
The actual controllers of these companies go to the Issuance Bureau of the Securities Department of the Ministry of Housing and Urban-Rural Development to first apply for registration and issuance. After approval, the Issuance Bureau will divide the corresponding shares based on the money they need and hand them over to powerful banks, chambers of commerce, and luxury gentry for underwriting.
The underwriter then sells to many shareholders who are willing to contribute capital, and then the issuing office registers and issues shareholding certificates for these shareholders. These shareholding certificates are called "stocks", one hundred shares per piece of paper, and the price of each share fluctuates with the transaction.
Those who buy more will have more stocks in their hands; those who buy less will have fewer stocks in their hands.
The wonderful thing about stocks is that they can be traded. In addition to the three days of holidays every month, you can trade for three hours every day. You can’t say the price. It can soar or plummet. You can make or lose, it depends.
Your luck!
When the issuing bureau first approached banks, chambers of commerce, and wealthy gentry for underwriting, they thought it was just to give face to the government and spend money to buy favors. Unexpectedly, the people of the Ming Dynasty were so enthusiastic about investment that it made a securities department official sigh,
"Today, when people buy stocks, they don't care about the good or evil of the company, or whether it can make a profit. But if a new company starts up and collects shares, they will compete for additional shares no matter what."
This makes underwriting stocks an extremely profitable business, with almost everyone making a profit and rarely losing money. Banks, chambers of commerce, and wealthy gentry surround the officials of the Securities Department like sharks smelling blood, just to get something.
The right to underwrite stocks. Yang Yongjian, who is in charge of securities issuance, has really gained some leverage.
The Da Ming Securities Exchange Building has only been built for a year, but already more than 400 companies have been listed for trading in it, with new companies appearing almost every day.
The reason why the scale expanded so quickly was that the Ming Dynasty had a trade surplus with neighboring countries at this time. A large amount of silver poured into the Ming Dynasty every year. The vigorous development of capitalism stimulated domestic investment; more importantly, it was because
Issuing stocks is an extremely profitable thing. When issuing stocks, the securities department first charges a handling fee, and also pays taxes during transactions. It is said that this tax was decreed by the Emperor of the day. It is a one-way tax and is not levied when buying stocks.
, levied when selling stocks. The emperor also gave this tax a name: stamp tax, which is levied at one thousandth of the transaction amount.
One thousandth, which may not seem much at first glance, but can be levied as long as there are transactions. The more companies listed for trading, the more taxes the court will levy. In order to collect more taxes, the old emperor did not set a limit on the number of transactions per day.
I wish those shareholders could trade several times a day.
No one could have imagined that a small amount of stamp duty would actually turn out to be a waste. In one year, a tax of one million taels of silver was levied!
The old emperor then issued an order to build a securities trading building in Beijing and Guilin respectively to expand the pond for fish farming!
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Liu Shitou arrived at the door of the Nanjing Securities Exchange Building. It was still a quarter to six o'clock (9 a.m. to 11 a.m.) and the door was not open.
The Securities Department stipulates: daily trading at 6:00 a.m. (9:00 a.m. to 11:00 a.m.), after noon (13:00 a.m. to 15:00 p.m.), and at closing time (15:00 a.m. to 17:00 p.m.), with one day off every ten days (ten days).
Liu Shitou looked at the couplet on the door: "Investment is risky, transactions need to be cautious", and he was filled with emotion. It is said that this couplet was personally inscribed by the current emperor. In order to prevent the people from blindly investing and losing money, he specially wrote this couplet.
Couple reminder. His Majesty the Emperor is so kind!
He was grateful to the old emperor from the bottom of his heart. Once upon a time, he was just a clerk in a shoe shop. He was entrusted by a friend to help him submit the market price list, and he got into this thing from then on. Unexpectedly, a shoe shop clerk with little savings,
He became a shareholder worth one hundred thousand taels. If it weren’t for the benevolent Emperor, how could he have such a wealthy life?
Just when he was feeling grateful, the door opened and the guard guarding the door smiled at him. He came here often, so he naturally got to know him well.
He also nodded to the clerk, went in with a smile, and found a seat to sit down. There was a sea of people in the hall, and the eyes were full of red and green colors. The red ones were rising and the green ones were falling, which were reflected on more than a dozen large wooden boards in the hall.
It was covered with white paper, and the company name and stock price were marked with stone. Every time there was a transaction, the traders wiped off the old price with a cloth and replaced it with the new price. As if to cater to the shareholders' psychology of liking the rise and hating the fall, the traders were all
Wearing a red shirt is nicknamed "Red Shirt Guest" by shareholders.
Liu Shitou looked at the stock price, stood up suddenly, walked to a trading desk, and queued up. The queue was very long. The old man in front seemed to be a scholar. He was very dissatisfied with his rudeness and rolled his eyes at him.
, Do you understand what 'old people are like me, and people are old; young people are like me, and people are young'? How can you be so arrogant?"
Liu Shitou blushed. He was anxious to join the old man's team, but he was indeed a bit rude. He quickly raised his hands and saluted, "I'm rude, I'll forgive you."
"Humph", the old man snorted and stopped paying attention to him.
When he finally waited, Liu Shitou said to the man in red in a deep voice: "Beihai Road Bridge, buy me five thousand taels."
This chapter has been completed!