On the third floor of the Tianjin Stock Exchange, Huang Jinquan, the person in charge of the stock exchange, stood respectfully beside Liu Jin.
He is now also a fifth-rank official, an official under the jurisdiction of the Ministry of Household Affairs.
The Tianjin Stock Exchange is under the jurisdiction of the Ministry of Household Affairs. According to the system of later generations, the level of this stock exchange is quite high. The level of officials of the fifth grade is not enough.
But this was the Ming Dynasty, and everyone did not have a deep understanding of the importance of the stock exchange, so the court did not pay much attention to this matter. After all, in the Ming Dynasty, business matters had not been paid much attention to.
Scholars have always been very aristocratic and have not cared about things contaminated with yellow and white things. They are even ashamed to do such things, even if they become officials.
Like the previous Ministry of Household Affairs, there was no motivation for tax collection. The main job of the former Minister of Household Affairs, Zhou Jing, was to keep an eye on Emperor Hongzhi's internal funds. The wool collected from the internal funds was very powerful. As for tax collection, that was
Strongly opposed.
Scholars have always been concerned about light corvee and low taxes, so naturally they have no motivation to tax.
Therefore, the level of the department that manages the stock exchange is not high, and there are almost no officials of the fifth grade.
Liu Jin attached great importance to the stock exchange, so he arranged for his students to manage it.
"Teacher!"
Huang Jinquan said to Liu Jin respectfully.
For Liu Jin, that is respect from the bottom of my heart. If it weren't for Liu Jin, it would be hard to say whether he could be a Jinshi. What's more, the official who was promoted to the fifth rank in such a short period of time is now in charge of Tianjin Securities.
Exchange.
"The Tianjin Stock Exchange is very important to our Ming Dynasty. It benefits the country and the people, and can promote the prosperity of our Ming Dynasty. You are in charge here. This is a good opportunity. As long as you do it well, the future will be unlimited!"
Liu Jin looked at his cheap student, thought about it and warned him.
"Yes, students must remember their teachers' teachings and work hard to manage the stock exchange."
Upon hearing this, Huang Jinquan quickly replied respectfully.
"Hmm~"
Liu Jin nodded with satisfaction. Even though this stock exchange didn't seem to have much, it wasn't taken very seriously by the Ministry of Accounts.
But Liu Jin knew that once the stock market slowly develops and its importance is reflected, the imperial court will pay more and more attention to the stock market, and its level will definitely continue to improve in the future.
As the person in charge here, as long as Huang Jinquan continues to do his job well, he will definitely be able to rise to the top in the future and be promoted without any problem.
"The end of the year is coming soon. Have the year-end reports of these listed companies, factories, etc. been submitted?"
After thinking about it, Liu Jin also asked about business matters.
For the stock market to play its role, the leeks must be cultivated well, and dividends at the end of the year are extremely important.
Until now, most people in the Ming Dynasty still think that the stock market is a very fictitious thing and are unwilling to invest in the stock market, which has greatly restricted the development of the stock market.
Most of the people who invest in the stock market are rushing to get dividends at the end of the year. They are not buying and selling stocks like in later generations. They are all considered long-term investments.
Therefore, the end-of-year dividend of the first year of the stock market is an extremely important matter. It is related to the investment expectations of investors and is also a major event to whether the stock market can develop in the future.
Of course, it is also related to the subsequent listing of the Egyptian Canal.
The scale of the listing of the Egyptian Canal is really too big. It raised eight million taels of silver on the stock market. This is a big blood draw. If there are not enough leeks, it may be difficult to raise enough funds for the listing of the Egyptian Canal.
Although major shareholders like Liu Jin have the bottom line, Liu Jin feels that it is better to let the market digest it.
"Teacher, there are now a total of twenty-five listed stocks. Twenty of them have submitted their year-end reports. At the same time, ten of them have submitted their year-end dividends to the exchange. I have also asked people to inquire about the rest.
Yes, we can definitely issue the year-end report before the stipulated time, and we will also submit the dividends to the exchange."
Upon hearing this, Huang Jinquan quickly took out a piece of data and said, "Teacher, this is the business bank that currently submits its year-end report. Please take a look."
Liu Jin took the report and read it carefully.
The first one is naturally the Beijing-Tianjin Railway Company. Because the Beijing-Tianjin Railway Company is still building the railway, it only has expenditures and no income. The report submitted is also the expenditure report of the 17th year of Hongzhi.
According to this report, the Beijing-Tianjin Railway has been built for fifty miles, and more than three million taels of silver have been spent. Calculating, it costs almost sixty thousand taels to build one mile of railway.
"Sixty thousand taels of silver per mile~"
After Liu Jin read it, he pondered carefully.
This cost is still within my acceptance range, and is higher than I expected, mainly because the labor cost in Daming is expensive now, and secondly because the rails used to repair the railway are expensive.
Although there are some steel factories such as Miyun Iron Works in the Ming Dynasty, the output of steel is still far from being comparable to that of later generations. Moreover, steel has many functions and the demand is very strong. No matter how much steel is sold, it is not enough to sell, so the price of steel has always been
It is very high, which also makes the construction cost of the railway higher than expected.
“It will almost be open to traffic next June~”
"It's really exciting to see what will happen after the first railway in the Ming Dynasty is opened to traffic."
Thinking of this, Liu Jin also laughed.
Because he traveled through time, Ming Dynasty embarked on a completely different path than before. Many firsts were taken away by Ming Dynasty, including the first railway in the world.
Keep reading.
Changlu Saltworks was considered an extremely important hen that could lay golden eggs in Liu Jin's hands. When it was put on the market, classmate Zhu Houzhao was still a little unhappy.
The year-end report of Changlu Saltworks is also quite beautiful.
Changlu Saltworks has almost occupied the entire salt production industry of the Ming Dynasty. There are saltworks in many places at home and abroad in the Ming Dynasty. The salt produced every year not only meets the living needs of the people of the Ming Dynasty, but now the most important customers have slowed down.
Slowly it transformed into major factories, trading houses, and fishing companies.
Among them, with the development of the Ming Dynasty's marine fishing industry, more and more fish were caught, which could not be eaten in a while. A large number of sea fish were used to make dried salted fish, and a large amount of salt was used.
In the seventeenth year of Hongzhi's reign, Changlu Salt Farm achieved a total operating income of more than 15 million taels of silver and a net profit of more than 3 million taels of silver. It was a hen that laid golden eggs.
Changlu Salt Farm plans to use 1.5 million taels of silver as dividends, and the remaining 1.5 million taels of silver will be converted into capital to build new salt fields, increase output, and expand production.
At the same time, according to Liu Jin's instructions, Changlu Salt Farm is also preparing to establish relevant research institutes to specialize in salt-related things to expand the uses of salt, increase production value, etc.
Of course, it is actually mainly for the study of chemical technology. If salt-related chemical processes are developed, it will be very helpful to improve the chemical technology of Ming Dynasty.
"The dividend is 1.5 million taels, not bad!"
Liu Jin nodded with satisfaction. He listed Changlu Salt Industry to be a good start and to give the leeks some sweetness.
The output of Changlu Salt Farm is getting higher and higher, sales are stable, and profits are good. To be honest, in future generations, it is definitely a high-quality asset. Under normal circumstances, there is really no need to list it on the market.
Tianjin Cement Factory is also an industry under Liu Jin's command, and its performance is also quite good.
The current market demand for cement is very large. This thing is the most important thing in infrastructure. But now, whether it is the infrastructure of Ming Dynasty or other parts of the world, the country's infrastructure is almost zero.
This means that the market demand for cement is extremely huge, and no amount of cement is enough to meet the market demand.
Especially in the Ming Dynasty, with the rapid development of the Ming Dynasty, the imperial court was engaged in infrastructure construction, whether it was building bridges and paving roads, building elevations, reservoirs, etc., the imperial court allocated a large sum of money every year, and these infrastructure projects alone were
A lot of cement is required.
In addition, the people of the Ming Dynasty became rich and built a large number of houses, which also required a large amount of cement. In addition, the Ming Dynasty also began to slowly urbanize, and the construction of cities also required a large amount of cement.
The huge demand of Ming Dynasty itself, coupled with the demand for cement in overseas countries, have made the cement industry develop extremely rapidly.
And it is foreseeable that the cement industry market will still be very hot in the future, and will last for at least a hundred years.
Tianjin Cement Factory was the first cement factory in the Ming Dynasty. It has been expanding continuously and now has dozens of branches throughout the Ming Dynasty. Its annual receivables exceed 20 million taels of silver and its net profit exceeds 2 million yuan.
Two silver coins.
The cement factory is a labor-intensive industry that requires a lot of workers, and labor in Daming is expensive, which is why its profit margin is not high.
However, in future generations, this is still a very scary figure, and the profit rate is also considerable.
"It's okay~"
"We should still use a lot of steam machinery and let machinery replace manpower. Only in this way can we improve efficiency and increase profits."
Liu Jin nodded with satisfaction. He still knew the situation of the cement plant very well.
The market demand is huge and there are many cement factories. There are hundreds of large and small cement factories in the Beijing-Tianjin area alone. They employ a lot of people and produce a lot of cement.
"North Korea and Japan actually built cement plants without permission."
"Hmph~"
"It seems that it is necessary to protect intellectual property rights. This cement was invented by our Ming Dynasty, and we cannot just make it cheap for the whole world."
"Well, it seems it's time to have a good talk with people from North Korea and Japan. At least, you have to pay a fee for this patent, otherwise you won't let you take advantage of this advantage. Good things will come out in the future.
That’s a lot.”
Seeing what was mentioned in the final high school application, Liu Jin suddenly started to think about it.