Li Chengqian was curious about everything in Fangjiawan, so he naturally wanted to go to this "exchange" to have a look.
Du Huaigong, like his father Du Lianzhong, was on the same line as King Li Tai of Wei, but he could not offend the prince Li Chengqian for nothing, so he led the way.
Walking through densely packed tall warehouses, I turned several corners and finally saw a house standing on the side of the street, with five doors and a spacious and majestic look.
There is a grand door with white walls and black tiles, carved beams and painted pillars. There is a plaque hanging on the lintel, with three powerful characters on it: Exchange...
Just at this moment, a carriage with two horses and a shaft came from far and near, and stopped in front of the exchange.
The car curtain opened, and a beautiful lady got out of the car. Surrounded by a group of guards and maids, she walked lightly into the courtyard.
Li Chengqian said in astonishment: "Whose wife is this? She is so majestic!"
Du Huaigong said with a smile: "Of course she is impressive. Who doesn't recognize Mrs. Wu in Fangjiawan nowadays? The whole Fangjiawan belongs to her family!"
"Could it be the concubine given to Fang Jun by His Majesty?" Du He asked, remembering this incident.
Du Huaigong said: "Exactly."
Li Chengqian asked curiously: "What is she doing here?"
"Fang Jun has put up a good deal, and now he hardly comes here. The daily operations of this terminal and the exchange are all decided by Mrs. Wu," Du Huaigong explained.
Li Chengqian was astonished: "This second house is really unexpected! He actually handed over such a large property to a woman to manage?"
Du He said sourly: "This boy is really lucky. This lady Wu is really as beautiful as a peach and a plum..."
Wu Meiniang is dressed in a rich dress, elegant and luxurious.
She is wearing a bright yellow nine-pleated Luo Yinni skirt, and a five-halo Luo Yinni shirt on her upper body. Outside of the shirt, she wears a large single-filament red ground silver mud scarf, and her hair has changed from its usual nine-plum shape.
The hair was combed into a mature Japanese bun, and the hair accessories were replaced by a more elegant ebony pearl hairpin. There was a light red hibiscus-shaped flower in the center of the distant eyebrows.
Complementing the tender Wu Xiang's lips, lightly apply blush on the face between the lips and eyebrows.
She is a beautiful girl with unparalleled beauty, and her elaborate dress makes her even more eye-catching.
No wonder Du He, a dandy who is accustomed to beauties, also has some wild ideas and is very jealous of Fang Jun's beauty.
Li Chengqian just smiled, made no comment, and walked slowly into the courtyard.
Du Huaigong grinned and thought to himself, could it be that His Highness the Crown Prince really doesn't like pretty girls, but likes "rabbits" as rumored by the outside world?
The three of them walked into the exchange together. The guards guarding Li Chengqian wanted to follow them, but were stopped by Li Chengqian and ordered them to wait outside.
When you step into the auditorium, you will see that it is well-lit and magnificently decorated. In the center of the hall, four rows of large trading desks are neatly arranged in a "mouth" shape. Each row has a total of nine windows, a total of thirty-six.
Around the central trading desk and on the east and west sides of the hall, there are rows of seats with backrests and armrests. These are for businessmen who come to the auction house to sit and rest and watch the 'water signs'. The so-called water signs are just one piece.
There are wooden signs hanging on the top of the trading desk, one for each trading desk, with the current day's guide prices for three or four commodities... This price is given by the auction house based on the previous day's market conditions for traders.
refer to.
"Then how is this thing traded?" Li Chengqian asked curiously.
"It's like this." Although Du Huaigong is a dandy, he is still familiar with the basic business. He explained: "Each trading cabinet can handle three or four different commodities... As you can see, what is written on the water sign above?
, what transactions are done at the counter below. First, the consignor will register the goods to be sold at the counter one day in advance. Then the auction house will send a specialist to inspect the goods and seal them. Finally, the total number of pieces will be counted and written on the water tag... this
The number is the number of commodities of this type available for auction the next day."
"Then what?"
"When the market opens the next day, the 'broker' behind the counter will write down the guide prices for the several types of commodities he is responsible for, and then accept the quotation."
Du Huaigong is very familiar with the process, and this is not his first time trading here.
"Then the highest bidder gets it?"
Li Chengqian felt as if he had become a three-year-old child, knowing nothing and not being able to understand anything. This felt very bad. He frowned and said, "It feels like price gouging, or am I mistaken?"
Although he is not a businessman, he has been trained by His Majesty Li Er as his future successor for a long time. How can he not know about economic matters?
"It's not that simple." Du Huaigong said with a smile: "Fang Er founded this exchange with the slogan of stabilizing prices. Maintaining stability is his purpose."
As he spoke, he said with great admiration: "Fang Er has some skills. The method he designed can effectively curb price hikes and hoarding; provide a stable and reasonable price for all parties to the transaction. This is also the current Fangjiawan trade.
Such a foundation to thrive!”
Li Chengqian found an empty seat and sat down, and said with great interest: "Let me tell you something about this place."
Du Huaigong did not take his seat. He looked anxiously at the water sign hanging on the trading desk. He did not see any tung oil for sale, so he breathed a sigh of relief.
At this time, he absolutely did not dare to walk away. Even though His Highness the Crown Prince looked harmless, he was actually not a good-tempered one. If he walked away, he would definitely offend him, and then he would become His Highness the King of Wei.
I can't stop this guy's anger...
He explained in detail: "When the trading desk accepts a quotation, the purchaser can refer to the guide price, write down the quantity that he is prepared to purchase, and the maximum unit price that he is willing to pay, seal it in an envelope, and then put it in the envelope in front of the corresponding counter.
In the wooden box."
Du Huaigong pointed to a square wooden box on the counter next to him and said: "The corresponding product name is written on the front of each box, so there is no mistake."
Seeing Li Chengqian nodding, Du Huaigong continued: "The bidding time is from Chen hour to Wei hour every day, a total of four hours. Once the hour has passed, the quotations will stop being accepted. The broker will open the box in public and list all the prices from high to low.
The order is written on the water tag. The highest bidder will get all the pieces he needs; the second highest bidder will get the remaining pieces he needs, and so on, until the goods are all sold out... The prices of all winning bids are
It’s called a successful bid. The lowest one among them is called the lowest successful bid.”
"Then the same thing has different prices?" Although Li Chengqian has never seen this kind of trading model, he is definitely not stupid... If he was really stupid, His Majesty Li Er would not be lucky enough to train him for so many years.
The prince has been replaced a long time ago...
Du Huaigong explained with a smile: "Your Highness... Dalang asked well, but the second house solved it more cleverly - after all the pieces have been distributed, all the winning bidders will make the transaction based on the lowest successful bid. It's fair."
Li Chengqian thought about it carefully, and the more he thought about it, the more he realized that this method was really brilliant. First of all, it was fair and open, and the words written in black and white could not be faked. The one with the highest price would get it.
Moreover, this kind of fixed-price bidding with no room for regrets makes it very difficult to maliciously bid up... Unless you are prepared to use a high price to wrap things up, otherwise don't even think about using shills to increase the price of a certain product. For buyers,
, this is undoubtedly good news.
Moreover, this method of comparing the unit price without the total price is even more beneficial to those businesses with urgent needs. As long as the price is higher, you will always get it... and the transaction price will mostly be lower than the asking price, so you don't have to worry about too much loss.
big.
"This protection for buyers is indeed in place." After thinking about it, Li Chengqian gave a thumbs up, and then asked doubtfully: "But what about the sellers, how to ensure their interests?"
"It's like this," Du Huaigong said: "This exchange opens at 00:00, and the guide price is announced as soon as it opens. If the seller feels dissatisfied, he can cancel the order or press the order before 00:00, and exit the transaction for that day."
Du Huaigong continued: "At the same time, during the transaction process, if you want to avoid the transaction price being maliciously lowered, you can also apply for price protection from the counter."
"What kind of protection law?"
Li Chengqian felt that he was simply an idiot and was completely impressed by this series of fantastic ideas.
Fang Jun's series of actions, which completely exceeded Li Chengqian's understanding of commodity trading, were a bit shocking...