Kang Wanwan said hurriedly: "Please give me some instructions from Master Ma."
Ma Mingluan said: "After bond trading is opened, limits must be set on both price increases and decreases, and the range cannot exceed 10%. In other words, the price can only be increased or reduced by 10% at most every day."
The article mentioned by Ma Mingluan was indeed added temporarily by Chongzhen.
At first, Chongzhen actually didn’t want to set a limit. Instead, he wanted to allow the bonds to rise or fall in price indefinitely. In this way, it would only take a few rises and falls to redeem the high-interest bonds sold in the first phase.
But Chongzhen later thought that this approach could easily nip the nascent bond trading in the bud.
Therefore, Chongzhen finally decided to set a limit on the range of increases and decreases. It cannot fall too hard or rise too fast at one time. This is actually the same as not fishing in the lake. The industry still needs to develop healthily.
"Ah? There are still restrictions on price increases and decreases?" Kang Baiwan was stunned when he heard this.
Zhang Han, Fang Wenzhen and more than a hundred large and small shareholders also looked at each other.
In the end, Kang Wanwan was the first to realize that this was the emperor's intention.
Since it is the emperor's will, there is nothing more to say, just follow the decree.
At that moment, Kang Wanwan said repeatedly: "Since this is the holy will, you should abide by it."
"Okay, then I have nothing to say here." Ma Mingluan hummed, and then said, "Uncle Kang Guo, please open the door. I believe that all the merchants and merchants of the Jin gentry who are interested in purchasing the second tranche of bonds are already waiting impatiently."
[Note: I searched for a long time and only found that the prince’s father-in-law was called uncle]
Seeing Ma Mingluan directly giving Kang Baiwan orders, many small shareholders at the scene cursed.
My heart says that you are just a deputy chief, a sixth-grade sesame official, so great.
Kang Baiwan didn't care, because he knew the importance of Ma Mingluan in Chongzhen's heart.
At that moment, Kang Wanwan smiled and shouted: "Open the door and invite the guests from outside to come in!"
As the big iron door of the market place opened, the merchants of the Jin gentry who had been waiting outside the door for a long time poured in. However, there were already store clerks inside to maintain order and usher the merchants of the Jin gentry into their seats.
These clerks are all elite soldiers drawn from various merchants. They are quick-sighted and eloquent. They clearly arranged the thousands of gentry merchants who came in, and the whole hall was busy but not chaotic.
After all the gentry and merchants were seated, Kang Baibai climbed to the top of the central notice board with a glowing face.
In addition to being used to release information, this central notice podium can also serve as a central podium.
At the same time, hundreds of clerks with clear speech and loud voices stood in various areas on the first and second floors and in the boxes on the third floor.
Equality cannot be equal.
The same customers are also divided into three, six or nine levels.
Customers on the first and second floors have to hold up their own placards and tell the traders that they want to sell or buy bonds. There are dedicated clerks in the VIP box on the third floor. All you need to do is tell the clerk.
For example, now, the VIPs on the third floor don't have to listen to Kang Baiwan, because there are assistants talking to them.
Small businessmen like Sun Tinglan and small gentry like Wang Tao could only sit in the lobby on the first floor, without even eating melon seeds, let alone fruits.
But the two of them didn't care.
Kang Wanwan said, the guy will explain it later.
Sun Tinglan and Wang Tao quickly figured it out.
The second tranche of bonds is indeed as legendary. Eight million acres of Guide Prefecture and Kaifeng Prefecture are mortgaged. A total of 40 million taels of bonds will be sold, one-year, three-year, five-year and ten-year bonds.
Ten million taels each. However, the interest of this second issue of bonds has been significantly reduced, far less than that of the first issue.
The second tranche of one-year bonds only has 11 returns, the three-year bonds have only 14 returns, the five-year bonds have only 18 returns, and the 10-year bonds have only 30 returns. For the same principal, it is better to buy them twice separately.
The only difference between five-year bonds and ten-year bonds is that they can be redeemed for farmland upon maturity, which is attractive.
As for bond trading, there is nothing.
In fact, the two of them had basically guessed the process before.
The only thing I didn't expect was that there was actually a limit on the rise and fall.
Wang Tao felt a little disappointed. If he only had this little interest, he would not buy one-year bonds, three-year bonds or five-year bonds, but would only sell ten-year bonds.
However, Sun Tinglan whispered to him: "Wang Gong, use the full quota!"
Because of the large number of people, the exchange was worried that there would not be enough bonds to sell, so it first determined the quota, 30,000 taels per person. If an individual had a surplus quota, he could resell it on the spot.
"Ah?" Wang Tao asked in surprise, "Use them all?"
"Yes, use it all." Sun Tinglan said, "Believe me!"
Wang Tao hesitated for a moment, but finally chose to trust his friend of many years.
"Man, I'll buy 30,000!" Wang Tao raised his sign and shouted, "7500 for each type of debt fist!"
"Okay!" The clerk pointed to the wooden sign held by Wang Tao and sang loudly, "Wang Yuanwai of Cangcao Street bought 7,500 taels each of one-year, three-year, five-year and ten-year bonds.
All right! All the money and goods are paid!"
Immediately, another clerk sent Wang Tao a beautifully printed 30,000 yuan bond.
The clerk of Ming Dynasty Royal Bank also deducted 30,000 taels of silver from Wang Tao's account on the spot.
Sun Tinglan then bought 30,000 bonds, and then lowered his voice and said to Wang Tao: "Wang Yuanwai, just wait and see, when the bond trading starts, you can make a 10% profit when the bonds are resold."
This Sun Tinglan is very likely to be the first batch of "stock investors" who entered the role the fastest in the Ming Dynasty.
"That's right." Wang Tao came to his senses and said, "I heard from people that the imperial court has just recruited 200,000 rural warriors in Huai'an Prefecture. Just one Huai'an Prefecture has 200,000 rural warriors. The entire Ming Dynasty
How many local warriors are needed? Now that the Ming Dynasty has money, it can support any number of armies, so why should we fear slaves and thieves?"
"So," Sun Tinglan said, "bonds will continue to rise."
As he spoke, most of the 40 million bonds were snapped up.
It has to be said that hunger marketing can be used anywhere.
After the first tranche of bonds was sold, more than two months of word-of-mouth spread have now passed, and more and more merchants from the gentry have accepted this new thing from their hearts.
Originally, a fool would not buy bonds after solving the credit problem.
Money stored in a cellar will produce nothing but dust, but when used to buy bonds, it will yield at least 10% profit, so why not buy it? You must buy it! You must rush to buy it!
A conservative estimate is that at least 100 million taels of silver in the entire Jiangnan area are already beginning to move around.
This number accounts for almost one-third of the entire private bank deposits in Jiangnan.
It has to be said that the eight prefectures and prefectures in the south of the Yangtze River are really rich, with at least 300 million taels of private silver deposits. Except for a small part of them participating in overseas operations for profit, most of the rest are lying in the cellars.
After the second tranche of bonds is sold, bond trading officially begins.
Sun Tinglan's judgment was quickly verified. Except for some Jin gentry who did not use up their quota and sold the quota in their own names, the information column was full of purchase orders.
The only selling orders quickly disappeared, and the buying orders increased.
Moreover, the profit given by the buying order is getting higher and higher, and then it will soon hit the line!
"Everyone, everyone!" Kang Wanwan quickly came to the stage and shouted at the top of his lungs, "According to the regulations of the stock exchange, a maximum increase or decrease of 10% is allowed in a day. No more increases are allowed today!"
Sun Tinglan then poked Wang Tao with his elbow: "Wang Gong, let's go."
When Wang Tao came out of the exchange, he felt as if he was stepping on clouds.
This money was so easy to come by. I just went to the market and sat for a while, and I made three thousand taels.
In the end, Wang Tao couldn't resist the temptation and sold all the 30,000 yuan in bonds he had just bought.
"Wang Gong, it will still rise tomorrow!" Sun Tinglan walked beside Wang Tao and whispered, "Let's come early. If someone sells, buy it quickly and earn another vote from him."
"Weng Sun, let's go have a drink." Wang Tao said happily, "In the south courtyard."
The South Courtyard is the largest Goulan Courtyard on the Qinhuai River. Although it is not as high-end as a private brothel like Meixiang House, the consumption is not low, and there are also beautiful girls in it. It is the first choice of small gentry and small merchants.
Sun Tinglan was overjoyed when he heard that Wang Tao was going to invite him to have a drink in the South Courtyard.
…
On this day, gentry merchants like Sun Tinglan and Wang Tao were happy, Kang Wanwan, Fang Wenzhen and other shareholders of the exchange were even happier, and the happiest ones were Zhu Cixiang and the Crown Princess.
The exchange made a lot of money today, but the real money maker was the Ming Dynasty Royal Bank.
Because if all Jin gentry merchants wanted to buy and sell bonds on the market, they had to open an account at the Ming Dynasty Royal Bank and deposit money in advance.
Then when I was saving money, I discovered that I could actually get interest.
Although the interest on depositing in a bank account is very small, far less than the interest on bonds, there are still some risks in bonds, but it can be said that there is no risk in depositing in a bank account. The royal bank account cannot fail, right?
So after the news spread, more and more Jin gentry merchants came to deposit money.
Then, the Jin gentry merchants in need unexpectedly discovered that the money deposited in the Nanjing head office of the Royal Bank could actually be withdrawn from the three branch offices in Hangzhou, Yangzhou and Xuzhou!
It is said that semicolons will be opened in Wuchang, Guangzhou, Fuzhou and other places in the future.
This is really convenient, especially for those traveling long distances.
In the past, when I went out with a large amount of money, I was always worried that I would be robbed on the way.
But now I no longer have this worry, because you only need to carry a banknote to withdraw money at a destination thousands of miles away. It is so convenient and considerate.
Therefore, the business of the Ming Dynasty Royal Bank was developed very quickly.
Up to now, more than 4,000 Jin gentry merchants have opened accounts in the Ming Dynasty Royal Bank.
Among them, more than 1,000 people are "shareholders" of the stock exchange, and more than 3,000 people are depositors. They were all developed by the Ming Dynasty Royal Bank in less than three months.
At this time, the total amount of money "lying" in the Ming Dynasty Royal Bank account has exceeded the 100 million mark!
Among them, 20 million is the proceeds from the first tranche of bonds, 40 million is the proceeds from the second tranche of bonds, and the remaining more than 40 million is deposited by more than 3,000 depositors.
The Royal Bank of Ming Dynasty is really making money.
