Zhaoxin Bank has Ming Dynasty's customs tax guarantee, and its reputation is excellent. It is not easy to get a share of it! Xu Ren, the owner of Fugui Bank, received a share of 700,000 taels, and Chen Yi, the owner of Hengtai Bank, received a share of 300,000 taels.
A share of 10,000 taels. In addition to setting up Taohuawu Company with Wang Zide to speculate in stocks, their main business is to make banks.
"It was only because of Brother Xu's care that I was able to underwrite these 300,000 taels of Zhaoxin votes. Tonight, I will set up a table and treat Brother Xu to a drink." Chen Yi's voice was full of compliments.
"How can Brother Yu have such ability? This is all Mr. Jiang's face," Xu Ren said cheerfully. Since the last time he helped Jiang Yan lower Beihai Luqiao's stock price and Zhang Xun liquidated his position, he has become Jiang Yan's good friend. Through
Jiang Yan met Han Shu, the Yuanwailang who was in charge of stamp duty collection and issuance of Zhaoxin tickets. Because he was able to get a share of 700,000 taels this time, he also recommended his friend Chen Yi to get a share of 300,000 taels.
"Then I will be the host, please ask my elder brother to invite Mr. Jiang to come and enjoy the honor together."
"Mr. Jiang is a very busy man, so he may not have time. I'll make an appointment to see you."
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In a small courtyard near the Securities Exchange Building, more than ten people stood neatly and looked at Zhao Qi. This man is about forty years old. His best thing is to speculate on Zhaoxin tickets. He bought them from the first to the eighth issue.
Passed.
"Are you all ready? As soon as the ninth issue of Zhaoxin tickets opens tomorrow, we will buy them in batches within the designated time. Make sure the ticket price is maintained at more than 70 taels per ticket." Zhao Qi's voice was decisive and resolute
.
"Yes", everyone responded in unison.
Zhao Qi nodded with satisfaction and asked everyone to rest first and gather enough energy to prepare for tomorrow's "battle".
He also turned around and entered the side room to relax his nervous mood. He had been speculating on Zhaoxin tickets alone before, and had never had the experience of commanding so many people. It was not until he was spotted by a big gambler that he had these people. Naturally,
I'm a little nervous.
That wealthy man is by no means an ordinary person. He is walking like an official, so he should be an official. Zhao Qi's uncle is a seventh-grade county magistrate, and he walks differently from others. This wealthy man walks more steadily, so he must be a higher official. See through it.
To be honest, he never asked about the identity of his employer.
"Cough~"
Suddenly he heard a strange sound behind him. Zhao Qi looked back and saw that it was the wealthy guest.
"Master, why are you here?" he asked respectfully.
"How are things prepared?"
"Everything is ready, please rest assured."
"Very good", the man asked some other questions and then left with peace of mind.
As Zhao Qi guessed, his boss was really an official. He was not a young official, so he went straight to the highest official office: the palace.
"Your Majesty, this is the plan drawn up by me. Please take a look at it. In addition, in accordance with your instructions, I found a private expert who has no connection with major banks." Jiang Wende respectfully presented a plan to Emperor Guangwu.
Letters.
The old emperor hummed and read the plan carefully. After reading it, he nodded secretly. This Jiang Wende is really a talent. The action plan is very detailed. He warned: "Jiang Liao, this action is like a battle. It must be carefully thought out."
, don’t be careless!”
"Your Majesty, don't worry, I will raise enough money for the imperial court this time!" Jiang Wende's voice was as firm as iron.
??
On January 9, the 20th year of the reign of Emperor Guangwu of the Ming Dynasty, the ninth issue of Zhaoxin Notes was auctioned in the securities trading hall. Investors bought the Zhaoxin Notes from major banks one after another. When the Ministry of Accounts mortgaged the Zhaoxin Notes to major banks, they made a mistake.
At half discount, the cost of a 100-tael bond is only 50 taels. According to convention, the price is usually around 60 taels when the auction starts.
The ninth issue of Dudu Zhaoxin Ticket was strange. It opened at 72 taels per share and closed at a high of 72 taels per share.
This price, which is 20% higher than before, shocked the outside world.
"Shopkeeper, this price is unprecedentedly high. The major banks don't know how to sell it. It's absolutely untenable. It's better to sell it and buy it back when it falls." The manager of Xinyi Bank suggested to the big shopkeeper.
"Boss, this price should be high, and it will fall tomorrow," the shopkeeper of Tianxiang Bank said to his boss.
"Boss, this price is too abnormal. Sell it and wait until it falls before buying again. You will definitely make a lot of money," the manager of Sihai Bank said to his boss Liu Chengyi.
Liu Chengyi was a little suspicious, "Why do people still buy even though they know the price is abnormal? Don't sell it in a hurry, let it go."
Originally, after the auction of Zhaoxin Tickets started, the major banks could not sell the bills mortgaged by the household department at the bank. They could only settle with the household department through the actual amount after the auction started, and then lock the Zhaoxin Tickets in the treasury. To put it bluntly, this is
The non-circulating treasury bonds borrowed by the state from the private sector are stable, reliable and almost risk-free.
However, the old emperor was a restless master and a big money fan. Inspired by the huge increase in stamp tax revenue after the circulation of stocks, he thought that stamp tax could be levied after the circulation of stocks, and the same could be done after bonds were circulated! So, he issued an edict.
, allowing bonds to circulate and levying stamp tax unilaterally when selling. Considering that the rise and fall of bonds is small, the stamp tax rate is lower than the stock stamp tax rate, only two ten thousandths.
The old emperor did not think it was too little, and he paid the levy without fail. He also ordered the Ministry of Accounts to make settlements with major banks every three months. I don’t care how you speculate within three months. But after three months, your treasury will be gone.
There must be bills equal to the number originally underwritten.
This actually turns non-circulating treasury bonds into circulating treasury bonds.
Because it can be circulated, the price of the ninth issue of Zhaoxin Notes is 20% higher than the previous price. Many banks have the illusion that the price is not reliable and will fall soon, so they sell them above 70 taels, preparing to sell them at 60 taels.
Buy it back nearby and make a fortune.
"Brother, the trend of Zhaoxin votes is so good, why do you want to sell it?" Chen Yi asked Xu Ren in confusion.
"My dear brother, I don't know that the fluctuation range of bonds is not comparable to that of stocks. The price of seventy-two taels is already the highest in history, and it will definitely fall before long. Buy it back when it falls below sixty-two taels, and steadily
"Earn 20%", Xu Ren is very confident.
"Every younger brother listens to his elder brother."
Soon, the 700,000 taels of Zhaoxin votes in the hands of Fugui Bank and the 300,000 taels of Zhaoxin votes in the hands of Hengtai Bank were sold out.
With more people selling, the price naturally dropped a bit, from seventy-two taels to sixty-five taels the next day.
"Buy it for me for sixty-five taels," Zhao Qi snorted coldly. He had six million taels in his hand, which were the Zhaoxin Note mortgages obtained by the Ministry of Household Affairs from major banks.
"My boss, according to the usual practice, it usually drops to sixty taels. Why don't you wait until around sixty taels before you start inhaling?" One of his subordinates asked him.
"When it drops to sixty taels, more people want to buy it. Sixty-five taels is just right." Zhao Qi refused to change his mind.
Because of this "tycoon", the ninth issue of Zhaoxin tickets never dropped to 60 taels, and the price has been floating between 62 taels and 65 taels.
Zhao Qi spent several days to complete the position building and purchased nearly 40% of the ninth Zhaoxin Notes.
"My boss, my boss, it's up to you," he murmured to himself.
