The wind is blowing, the Ming Dynasty bond market is blowing! A rumor spread quietly, saying that the Ministry of Household Affairs decided to withdraw the ninth issue of Zhaoxin Notes and issue them instead to the public bonds of the Ming Dynasty Bank.
This public bond was not issued by the court, but by a company, which had higher risks, but the interest rate was higher. Because Daming Bank was opened by the court, although it was a company, it was equivalent to the court's yamen in the eyes of the people, and the interest rate was higher than that of Zhaoxin Bank.
, What’s even better is that Daming Bank has been listed on the market, and these public bonds can be converted into stocks. Therefore, they have always been more popular than Zhaoxin Notes. There is no need to mortgage the bank at a half discount, let alone 10% to the bank, or even underwriting by the bank.
Sold directly on the stock market.
This news spread, and many people believed it. After all, it was cheaper for the imperial court to issue public bonds issued by the Ming Dynasty Bank. Under normal circumstances, when the term of Zhaoxin Notes was about to expire, because the notes needed to be settled with the court, the major banks would buy back the notes, causing
Fares are rising.
Therefore, some small and medium-sized investors began to buy Zhaoxin tickets, and the price rose again to above 70 taels. However, those big funds were very calm and did not move.
"Boss, our cost is only sixty-three taels, and now it is seventy-five taels. A profit of 20% is extremely high. Let's ship the goods."
"No, no one is allowed to sell without my order," Zhao Qi shouted. He naturally knew that a profit of 20% on bonds was extremely high, but before leaving, the wealthy man who hired him told him that without him
He was ordered not to throw any shares. He had to obey others when serving the bowl. All he could do now was to observe the price while patiently waiting for instructions.
??
Han Shu, a member of the Securities Department of the Ministry of Household Affairs, came to Taohuawu. This powerful man was in charge of stamp duty collection and the issuance of Zhaoxin bills. It was because of his help that Xu Ren's Fugui Bank was able to underwrite 700,000 taels, and Chen Yi's Hengtai Bank was able to underwrite 700,000 taels.
Only then can we underwrite three hundred thousand taels.
As soon as they heard that the Korean member was coming, the three brothers Xu Ren, Chen Yi, and Wang Zi De hurriedly greeted him.
As the God of Wealth, Han Shu had his own airs. He only talked and laughed with Xu Ren, but was very cold to Chen Yi and Wang Zi De. The two of them didn't even dare to fart, they just smiled charmingly and tried to flatter them in every possible way. "Brother Xu, I have something to ask of you here," Han Su said.
"I will definitely follow Mr. Han's orders," Xu Ren said in a hurry. He is an official from the Securities Department. He may not have a high official position, but he has great power. If you reveal any information to yourself, you will be able to enjoy it to the fullest." p>
"I have 50,000 taels of silver and I want to entrust Brother Xu to purchase the ninth issue of Zhaoxin Notes. Regardless of the price, I will buy them all," Han Suo said solemnly. According to regulations, officials of the Securities Department are not allowed to buy and sell stocks or bonds, so they asked Xu
Ren purchasing agent.
Xu Ren rolled his eyes and asked: "Mr. Han, is there any news about the ninth issue of Zhaoxin Tickets?"
Han Shu lowered his voice, "The Ministry of Household Affairs has decided to withdraw the ninth issue of Zhaoxin Notes and issue public bonds from Daming Bank instead. I think this is a good opportunity. I will buy 50,000 taels on my behalf and sell them after a few days. It will be good to make some profit."
”.
"What!" Chen Yi suddenly exclaimed.
Xu Ren glared at Chen Yi fiercely, smiled at Han Shumei and said: "It's only fifty thousand taels, why do you need Mr. Han to pay for it? Our brothers will pay for it for you."
"Oh, how can this be so embarrassing?"
"It is a blessing for our brothers to be able to serve Mr. Han. Please do not refuse!"
"That's it, thank you all."
After Han Su thanked and left, Chen Yi complained a little about Xu Ren, "Brother, you said Gao sold the Zhaoxin tickets and bought them back to make a profit. We sold them at 71 Liang, but we couldn't buy them back. Now it's already gone."
The price has increased to seventy-five taels, what should I do?"
"Idiot, with such good news, are you still worried that you won't make any money? We only underwrote one million taels in total, and we can buy it back at double the price," Xu Ren shouted angrily.
The three of them didn't say anything and just bought, bought, and bought! In just a few days, they bought two million taels, which was twice the amount underwritten.
The relationship between Xu Ren and Han Yuanwai has been well-known in the banking industry. Seeing that he kept buying, some banks began to follow suit, and some well-informed people even borrowed loan sharks to buy. Under the influence of this force, the ninth issue of Zhaoxin
The price of the ticket has increased to eighty-one taels.
Of course, there are also some tycoons in the investment community who are skeptical of the rumors.
"Boss, the outside world is reporting that the Household Account Department has decided to withdraw the ninth installment of Zhaoxin Notes and issue public bonds from Daming Bank instead." His subordinates reported the matter to Liu Chengyi, the boss of Sihai Bank.
"It is unlikely that the imperial court will make such a big decision easily. It has to get to the bottom of things before it can take action." Liu Chengyi said calmly: "Let's go to the Ministry of Revenue. I have been friends with Jiang Wende, the left minister of the Ministry of Revenue, for many years. Let's ask him for a clear explanation.
”.
Liu Chengyi came to the Yamen and asked for help. When he heard that it was him, Jiang Wende sighed, "Brother Liu, Brother Liu, the emperor's order cannot be violated. The decades of friendship between you and me are over!" and ordered people to invite him in. p>
"Mr. Jiang, is it true that the rumor that 'the Ministry of Household Affairs has decided to withdraw the ninth installment of Zhaoxin Notes and issue public bonds from Daming Bank instead' has been widely circulated?"
"Brother Liu, the Ministry of Revenue does have such a plan for financial needs. The ninth issue of Zhaoxin Notes is 12 million taels, which is mortgaged to the bank at a half discount. The actual price is only 6 million taels. Although the settlement price is higher, it is
Another 10% has to be given to banks. Compared with the cost of issuing public bonds, this can be said to be too huge. It’s not cost-effective!”
"Thank you, Mr. Jiang, for informing me clearly!" Liu Chengyi thanked him and said goodbye.
When I got home, I immediately ordered someone to buy 1.5 million taels of the ninth Zhaoxin tickets, and told some friends about this information.
All the banks with strong backgrounds in the world bought it, and the outside world had no doubts. They all stared at the ninth issue of Zhaoxin tickets and bought them fiercely. The ticket prices skyrocketed, reaching 93 taels per ticket.
Even though it was only 7 taels away from the face value of 100 taels, the situation at this time was adding fuel to the fire and was out of control. A large number of investors believed the rumors and bought like crazy. The market continued to add weight to the rumors, and some even said that the bond would
The price rose by more than a hundred taels, and the premium exceeded the face value.
??
Zhao Qi finally waited until he was the one he was thinking about. Jiang Wende, dressed in black, came to the small courtyard.
"Master, you are here," Zhao Qi bowed in greeting with a very humble attitude. These days, the situation in the market made him admire the ability of the person in front of him. This person is by no means an ordinary person!
"Well, how much profit have we made?" Jiang Wende hummed and asked.
"Boss, our cost was sixty-three taels. Now the price is ninety-eight taels. The principal of six million taels makes a total profit of 3.3 million taels."
"Well, when the price rises to one hundred and twenty-six taels, and the profit is doubled, we will clear the position," Jiang Wende ordered coldly.
"Double the profit!"
Zhao Qi felt his heart skip a beat. A double profit was inconceivable for bonds, and earning 20% was already rare. But he had no doubt that the other party could do it, and he responded respectfully: "Yes".<
