Chapter 1025 How dare you destroy the foundation of my empire
At first, Li Xuan couldn't understand why Zhili Textile Bank would spend 500,000 taels of silver to invest in Dingsheng Shipyard.
With the current situation of Dingsheng Shipyard, even if the operation is smooth, the fixed assets and future profits are there, and it will take a long time to recover the cost of half a million taels.
What's more, the shipbuilding industry seems to be prosperous now, but competition is also fierce. So many shipyards have sprung up like mushrooms after a rain, competing for orders with each other. In the end, price competition will inevitably occur in the market.
In the shipbuilding industry of the Tang Dynasty today, the average price per ton has dropped by at least 10% compared to five years ago in Xuanping. Of course, this is due to technological progress, increased production efficiency, and lower costs, but more is still the result.
Because of competition with each other.
This also means that in the future, Dingsheng Shipyard will most likely be unable to maintain its current profit scale, and Zhili Textile Bank may not be able to recover its costs in fifty years.
So Li Xuan asked at that time: "How are they going to recover the cost?"
But what I didn't expect was that people from the Royal Assets Department said that Zhili Textile Bank had no intention of recovering costs through dividends. They planned to split the 10% of the shares and then sell them to other small investment institutions or even
personal.
However, officials from the Royal Assets Section believe that this will make the share composition of Dingsheng Textile Company very troublesome. Although some of the assets managed by the Royal Assets Section are joint ventures with others, such as cooperation with enterprises affiliated to the Ministry of State-owned Enterprises
, there are also some cooperations with private companies and even individuals, but this kind of cooperation is basically limited to a limited scope.
But now Zhili Textile Company plans to split and sell the 10% shares obtained from the investment. In this case, the number of shareholders of Dingsheng Shipyard may even reach dozens or even hundreds.
The Royal Assets Department had great doubts about this kind of thing, for fear of causing any trouble. However, the Zhili Textile Bank came up with 500,000 taels of real money. It would have been too much if not to take it.
It's a shame, so I reported this matter to Li Xuan and respectfully requested the Holy Judge!
When Li Xuan heard what the people from the Royal Assets Department said, he vaguely guessed something, and then asked them to show him the detailed plan of the Zhili Textile Company and the cooperation plans of both parties for him to review personally.
In the end, Li Xuan determined that the Zhili Textile Bank was not investing in the shipbuilding industry at all, and it was not even a simple game, because it had been mentioned in the business investigation report of the royal family asset Corey that the bank had previously
I have done similar things more than a dozen times. I first invested in buying the stocks of some companies, and then sold them at a higher price to small investors and individuals who only had money but no channels to invest directly in various companies to make a profit.
.
At the same time, in order to allow small and medium-sized investors to trade on their own more conveniently, they also established a service company to provide small and medium-sized investors with specialized stock transactions and charge handling fees during the transaction process.
It's just that in the past, they were operating some private enterprises, and they were not estimated to be too big. At the same time, they were basically limited to the small circle of institutional investors, and not much was known to the outside world. But now this time, they have decided to play
A big vote.
This vote was so big that it directly alarmed the Holy Emperor Li Xuan!
After seeing these reports, Li Xuan didn't know that the Zhili Textile Bank was not investing in any company at all, but was building a stock exchange!
The drunkard's intention is not to drink. By investing in stocks and then splitting and selling them, this is just superficial. I'm afraid their core purpose is to build a stock exchange.
Damn, who is the person in charge of this bank? His ambition is so big that he is at the forefront of many people and even established the stock exchange before Li Xuan.
You know, Li Xuan had plans to establish a stock trading system, but he previously thought that it was not the time yet and planned to wait until the right time came before quitting stock trading.
But he didn’t expect that if he didn’t do it himself, someone else would!
Regarding this matter, Li Xuan did not make a decision immediately. Instead, he asked the Royal Assets Division to conduct an in-depth investigation to see if there were any similar banks or other institutions in the country that were engaged in stock trading.
At the same time, it also allows them to conduct in-depth investigations into the prosperity of the domestic shipbuilding industry.
As an organization that manages huge royal assets, the Imperial Family Assets Department appears to be just a department under the Hanlin Academy, but in fact it is the same as the Survey and Statistics Department of the Hanlin Academy. Although the name is not eye-catching, the internal organization is actually quite large.
It has a complete commercial investigation department.
However, Li Xuan was still worried. In addition to asking the Royal Assets Division to conduct an investigation, Li Xuan also began to summon the person in charge of the Royal Bank to hear about some of the recent capital flows of the Royal Bank, especially the situation of commercial loans.
In addition, Li Xuan also personally gave instructions to the Finance Department of the Ministry of Taxation, asking them to submit recent reports on the domestic financial industry, focusing on commercial loans.
Li Xuan keenly feels that the development of some domestic industries seems to be prosperous, but there are already hidden crises!
What kind of crisis is it, of course it is an economic crisis!
Almost as soon as he saw that the market value of various shipyards was constantly being raised, and that 10% of the shares of Dingsheng Shipyard could be sold for half a million taels, Li Xuan's first reaction was to think of economic crisis and bubbles.
.
As a person of later generations, I naturally have a clear understanding of various economic crises. When the market price of a product far exceeds its actual value, there will undoubtedly be a bubble. And once
When the bubble bursts, an economic crisis occurs.
The industry and commerce of the Tang Dynasty had only developed for a few years, and something like this happened, which gave Li Xuan quite a headache!
But he also knew that after the development of industry and commerce, this kind of thing would inevitably happen. The reason why it happened so quickly now was because the various policies in the Tang Dynasty were still not perfect enough.
For example, when it comes to stock trading, there is no legal or formal stock exchange. These stock transactions are all spontaneous actions of businessmen.
At the same time, the lack of information will prevent many people from knowing the truth of the matter.
For example, the shipbuilding industry is profitable. There is no doubt that it is profitable, and it has great prospects.
However, the shipbuilding industry is an industry that requires very high technology and capital. Without enough funds, technical talents and shipbuilding workers, it is simply impossible to build a qualified shipyard and survive in the market competition.
.
But most of these people who rush into this industry with money have no idea at all. They only know how to make money by building ships. They don't know.
Li Xuan noticed that there was a problem in the domestic economy, and in the shipbuilding industry, the problem was just more serious.
But this kind of problem is not a problem of insufficient market or insufficient raw materials, but a financial problem. To put it bluntly, speculation is common!
It will not work if we let the ignorant people invest all their money and then go bankrupt. This will cause an economic crisis.
But it is impossible to ban stock trading, because stock trading is just an ordinary business activity. If you don't let people sell their shares, it will definitely not work.
Li Xuan was aware of the problem. To be cautious, he did not deal with it immediately. Instead, he asked his subordinate agencies to conduct in-depth investigations and then sent various investigation reports to Li Xuan.
In order to deal with this matter, Li Xuan even postponed many military and political meetings and focused on studying the economic crisis.
This situation also confused many of the ministers below. They were a little confused that the Holy Emperor left so many major military and political matters unhandled and instead focused on some trivial matters.
Yes, in the eyes of many military and political officials, these financial problems are just trivial matters. The prosperity of shipyards is also a good thing, and more taxes are collected. And even if there is a problem, it will only be the losses and bankruptcy of those greedy businessmen.
, it has nothing to do with the empire!
However, this is just their idea, not Li Xuan's idea. This kind of thing is very dangerous, even dangerous enough to affect the industrial and commercial development of the empire.
Day by day, the domestic shipyards are still prospering as never before. The shareholders of many shipyards are laughing because more and more victims are waving cashier's checks or checks from the Royal Bank and crying.
Buy the shipyard stocks from them.
Some smart people saw the opportunity, randomly found a few people, and after registering a shipyard, they went directly to solicit investment and buy shares. However, many people who wanted to invest in large shipyards had no way to do so, but they were very excited, even in
These shipyards don't even have docks yet. When the factories are just starting to be built, they spend real money to buy shares!
The stock trading company of Zhili Textile Company is also expanding rapidly. Stocks of new companies are sold here almost every day, and not only shipyards, but other industries are also joining in.
At the same time, not only the stock exchange affiliated to Zhili Textile Bank, but also several other banks and even the Royal Bank also saw institutions making big money from it, and they all set up their own stock trading companies to carry out stock trading business.
And the prices of stocks traded in these stock trading companies are rising day by day.
When Li Xuan read the detailed investigation report, although he had already expected it, he was still shocked by the current domestic stock trading situation.
After reading the report, he had a cold face, and then ordered his secretary: "Call Li Daobing over!"
Who is Li Daobing? The head of the Investigation and Statistics Section of the Hanlin Academy, the leader of Hantong that all officials in the Tang Dynasty feared and hated!
After the secretary went out, he looked through the report in his hand again and murmured: "They are so brave, they dare to destroy my empire!"