Due to the sufficient supply of food overseas, the Ministry of Household Affairs revised the rules of land tax, no longer levied in-kind taxes, converted all taxes into money and paid them over, and greatly reduced taxes, striving to hide wealth among the people. At this point, Zhu Youxiao and
Qian Qianyi's cabinet did a pretty good job. After all, every emperor wants to be a wise king with great events, and every minister wants to leave a name for the ages.
Although the large influx of overseas food has improved the situation of relying on the weather in previous years, it is also a double-edged sword. The local agriculture has been hit to a certain extent. The crops grown after a year of hard work cannot be sold at high prices.
They can only keep it at home and get moldy, but they can't sell it and they don't have the money to pay the land tax. This creates a strange circle.
When God closes a door, he must open a window. Although farmers can no longer rely on farming to support their families, the various factories and workshops opened in the city have provided them with a large number of employment opportunities.
The overseas trade of the Ming Dynasty greatly boosted various domestic industries. Porcelain, silk, cotton, paper, and machinery were all exported in large quantities. The original small workshops have developed into large factories, but they still cannot meet the demand. They must expand reproduction and buy out
Factories were built on suburban fields and farmers were recruited as workers.
In the factories around Shanghai Road, the monthly salary of a mature technician is fifteen taels of silver, and the monthly salary of apprentices and female workers is five taels of silver, which is already equivalent to the income of a small official in the yamen. Plus, you can plant some fruit trees in the thin fields at home.
Vegetables, my life is very nourishing, and pork will no longer be eaten only during the Chinese New Year.
The handicraftsmen in the city gradually evolved into the budding bourgeoisie, and the peasants who were separated from the land entered the city and became a new generation of citizens. With money in their pockets, everyone began to want to save some wealth.
For thousands of years, the Chinese people have been accustomed to buy land when they have money, turn working capital into real estate, and then hide money in cellars for emergencies. The emergence of Rishengchang ten years ago changed some people's concepts.
Instead of hiding their money in cellars, they deposited it in reliable banks to earn interest. The emergence of the Shanghai Stock Exchange once again changed people's ideas. They no longer purchased land, but purchased stocks and bonds for capital operations.
The Ming Dynasty had a lot of money. In recent years, the amount of money flowing in from overseas countries such as Japan, Nanyang, and the Song Dynasty was extremely huge. It has greatly exceeded the total social holdings during the founding period. According to the estimation of Rishengchang's great shopkeeper Hu Yimin, domestic
The amount of money should be around 3 billion taels, of which two-thirds are non-circulating. Now the situation is slowly improving. A large amount of money is invested in the stock market, which is equivalent to injecting funds into listed companies. With funds, these companies will
Developing bigger and stronger, Ming Dynasty has gradually moved from an embryonic capitalist feudal country to a true capitalist empire.
The development of society will not rely solely on one person. In the process of slowly turning the rudder of the huge ship of the Ming Dynasty, countless outstanding sons and daughters of the Chinese nation contributed their ingenuity. Peng Lao, the owner of the Liguo Iron Works, Japan
Hu Xueyan, the great shopkeeper of Shengchang, as well as thousands of small workshop owners, small businessmen, and even smugglers across the sea are subtly promoting this great process, and Liu Ziguang is just one of them.
But he is an indispensable role. With his presence, this giant ship will turn the rudder faster and move in a more correct direction.
The Shanghai Stock Exchange is a private financial institution modeled on the New Bianjing Exchange in the Song Dynasty. It was jointly funded by Rishengchang and the wife of Zhenwuhou. It has a very close relationship with the Ministry of Household Affairs. It not only undertakes the financing of private enterprises, but also undertakes the transfer of the imperial court.
It is responsible for the issuance of stocks and bonds. However, because the entity it imitates is itself an imperfect product, the Shanghai Stock Exchange, although large in scale, is still fragile. Various rules and regulations are imperfect and can only be regarded as a toddler.
Boy, any speculation could seriously damage this fledgling thing.
Stock trading is a transaction of capital ownership. The shares of major commercial banks are sold to the public. This capital certificate is printed using the top-secret process of Rishengchang printing banknotes. It has an exquisite shape and extremely high anti-counterfeiting capabilities. The front is carefully designed.
On the back of the pattern, there is a space for endorsement and transfer. The stock holder must register and reserve a seal at the exchange. When transferring, the endorsement transfer will only be valid after paying stamp duty and commission at the exchange.
However, this method is more cumbersome and is only suitable for stocks with large denominations and infrequent transfers. For stocks with smaller denominations, large and frequent trading volumes, the commission is not enough for the exchange to pay wages. War stocks are like this
This type of stock has an issue price of one tael of silver per share, and the total issuance amount reaches millions. If only one tenth of it is circulated every day, it will be enough to paralyze the exchange. In view of this, this kind of small denomination stocks
It implements a bearer system, and there is no need to pay transaction commissions. You can trade directly outside the market, but you need to go to the exchange to collect dividends.
Therefore, this system leaves opportunities for some people with ulterior motives. The Chinese have never lacked wisdom, and this wisdom is particularly clever when used to exploit loopholes. After Nanchang's investigation, when Xipiao fell into the trough,
Before Yuan Chonghuan's good news came out, the people who were buying at the bottom were not some chaebols, but many ordinary individuals, including farmers, small businessmen, soldiers, small officers, craftsmen, etc. Anyway, it didn't look like a premeditated plan.
actions. But a thorough investigation of the details of these people will reveal that they are all closely related to the military, or are relatives of a certain military official, or a steward in the General Military Mansion, or
Which cousin of the Imperial Guards Thousand Households or something? Each of these people purchased an average of hundreds of thousands of Western votes. Although the Western votes had already fallen below the issue price and became 10 or 20 copper coins per share, this
It also requires a large amount of capital, which is definitely not something ordinary people can afford.
Liu Ziguang did not let Nanchang continue to pursue the investigation, because the matter was already clear. Some people in the West Route Army took advantage of their positions to leak information in advance and asked the capital to build a rat warehouse. When the good news came, they spent thousands of dollars
The millions of shares of Western Banknotes that I bought for taels of silver soared several times in a blink of an eye, regaining the issue price all the way to the highs of two taels and three taels. Because Western Banknotes have been controlled, there is a price but no market, and there is endless short selling every day.
The price is rising, the price is ridiculously high, and it is rising rapidly. I am afraid it will break through the twelve-digit mark in a few days.
This skill is so beautiful that even Liu Ziguang was full of praise. Ten thousand taels of silver can be turned into millions of taels in a few days. Even the most brilliant businessmen cannot achieve this level. However, these profits made out of thin air are
Where did it come from? Even if the Western Route Army recaptured Shaanxi and then went west to conquer Gansu, Qinghai and other places, what wealth could those barren places provide to the Ming Dynasty?
The dividends of war stocks are spoils of war, including enemy houses, money, livestock, large areas of enemy country land, forests, minerals, Beipiao and Xipiao are different because the northern front is mainly launched in Hebei, Shanxi, Mongolia and Liaodong, these places are densely populated
, the terrain is flat, with a lot of arable land, and relatively sufficient oil and water, but what is there on the western front? The Qinling Mountains, the Yellow River, the Liupan Mountains, the Loess Plateau, except for a small flat land in the Weihe Plain, are all mountains and deserts, and further west it is even more barren, with the Qilian Mountains
There is a Hexi Corridor sandwiched between the Tengger Desert and the political and military significance of occupying these places is far greater than the military significance. But what does this mean to the common people of Shengdou?
The Western Piao originally appeared as a foil to the Beipiao. The issue price of one tael of silver was already artificially high. Since the war is a business, the cost must be considered. The military salary consumed by the West Route Army has far exceeded that of the Northern Front War.
Attrition, Liu Ziguang is good at supporting war with war. The income from raiding the Manchu lair in Liaodong and raiding the Imperial Palace in Beijing is enough to offset all war expenses and rewards for his subordinates, not counting the income and rewards from plundering hundreds of thousands of Manchus in Beijing.
Receive the income from mining farms in various places, so the price of Beipiao is only eight taels of silver.
If the company issuing Beipiao is a high-priced blue chip stock like Kweichow Moutai, then Xipiao is the standard
ST sector, but it is such a rubbish third-tier stock. It is too frothy to skyrocket to a sky-high price of 10 liang just on the benefit of the interim report that it may turn around.
Sooner or later, the bubble will burst, and this part of the loss will definitely be borne by the person who takes over the last baton, and this successor will definitely not be a high-ranking official of the court or a military boss, but a greedy and pitiful common people. In this world
This is how it is, the unlucky people are always the ordinary people. Liu Ziguang has experienced the 530 crash before time travel, and understands this cruel truth, but he still decided to take action, because the serious consequences of the Western Ticket Bubble being squeezed will inevitably affect
to the development of the stock exchange and the credibility of the imperial court.
The common people are ignorant. They can say anything when making money. Once they lose all their money, they will curse. They will not scold the gangsters who use inside information to defraud money. They will only spread their grievances on innocent stock exchanges. Once they spend ten dollars in their hands,
If the Western notes bought for a few taels of silver turn into worthless garbage, huge civil unrest will definitely break out. The direct consequence of the civil unrest is a stock market crash. Regardless of whether the stocks are good or bad, they will plummet wildly, causing the national wealth to shrink sharply.
This paralyzed the financing function of the securities market and brought the Ming Dynasty's economy to a standstill.
This is the butterfly wing theory. The money-making method that a smart military scum came up with will affect the economic development of the Ming Dynasty. This is probably something the initiator never thought of, but all of this is bound to develop in this direction, regardless of whether the Western Route Army is
Win or lose, the collapse of Xipiao will happen sooner or later.
Liu Ziguang asked Peng Jinrong to invite Hu Yimin to the mansion for a talk and told her concerns. Hu Yimin was shocked after hearing this and asked Liu Ziguang how to deal with it.
Liu Ziguang said: "Now that things have come to an end, we can only impose restrictions on the system. First, we must stipulate a price limit system. The official price of the exchange cannot rise or fall by more than 10% every day, which is 10%. Then we need to establish a regulatory agency to supervise
For these insider transactions, it would be better for the court to come forward to deal with this matter. Let the Ministry of Household Affairs take the lead, and the Metropolitan Procuratorate, the Ministry of Criminal Affairs, and the South Factory will all send personnel to participate, and set up a securities supervision office. The grade does not need to be too high, five grades are enough, and then equip it.
Some professionals specialize in supervising illegal transactions and so on. Anyone who engages in insider trading should be held accountable, so that this new type of economic crime can be curbed."
Hu Yimin said: "That's very good. I'll ask my uncle to propose it in the morning tomorrow."