Chongzhen Chat Group
Chapter 276 Daming Construction Bank
In the afternoon, Bi Ziyan, the Minister of Household Affairs, returned from the palace and started to arrange the auction venue again.
He asked people to temporarily find a lot of fabrics and divided the venue into cubicles. In each cubicle, there was a pole tied with a red cloth strip.
The auction restarted, and those who entered the venue were immediately led into a cubicle, where they could not see each other. After the auction starts, if you think you can bid, you can hold up the red cloth so that the host can see it. Until the last one holds up the red cloth strip.
After announcing the rules, Bi Ziyan looked at the people in the cubicle and was in a good mood. He naturally knew what this arrangement could prevent and said loudly: "This is the first time and the conditions are very simple. But don't worry, everyone." , the emperor has issued a decree to build a real auction yamen out of cement. Now, let’s start the auction.”
He didn't lie, Emperor Chongzhen did say that. When more shares are auctioned, there will naturally be demand for share transactions in the future. Therefore, he planned to build a comprehensive share trading place where share auctions, transactions, and exhibitions could be held. When conditions mature in the future, this will be the stock exchange.
As people who have traveled through time in later generations, they naturally understand the benefits of having more stocks, which can greatly mobilize social funds. It cannot be like now, if the family has some money, they just keep it in the cellar. Money that does not participate in circulation is really a waste!
After such changes, when it got dark, the auction of cement shares finally had new results. A total of 49,000 shares were auctioned for 9.8 million taels, which is an average of 200 taels per share.
The auction is hosted by the Ministry of Household Affairs, and the silver proceeds from the auction are naturally handed over to the Ministry of Household Affairs, and are temporarily stored in the Treasury Department. After all the follow-up procedures are completed, the money will be used to open a cement factory. But at this time, there was nearly ten million taels of silver in the Treasury of the Ministry of Revenue.
Emperor Chongzhen was quite satisfied with this result. A company with so much money is definitely a giant. It can start setting up factories to produce cement in many places across the country at the same time. The company's main leaders still have to be appointed by the court, but as long as shareholders hold more than 100 shares, they can recommend one person to a middle-level or above position in the company to be responsible for advice and supervision.
Emperor Chongzhen would naturally have to follow up on these follow-up matters, but he would not worry about most things, otherwise he would be exhausted.
On the second day after the auction, Liu Laosan distributed wedding candies to his neighbors with a smile on his face.
"Liu Laosan, Liu Laosan, you are really lucky!" Neighbors who knew the situation congratulated enviously when they saw Liu Laosan.
After hearing this, Liu Laosan smiled so hard that his eyes narrowed: "Haha, luck, luck!"
Those neighbors who didn't know the situation looked puzzled. While letting the children at home eat the wedding candies, they asked Liu Laosan: "Liu Laosan, what is your situation? Did you take another concubine? Or does your wife have one?"
"Haha, no no!" Liu Laosan said with a smile, "It's just a share of cement shares!"
"Ah, what? Is this true? You have golden bumps?" The neighbor opened his mouth in surprise, full of disbelief.
"Actually, I just went to see the excitement, and I raised the red pole casually, and unexpectedly I hit it." Liu Laosan said. Thinking about it, he still feels like he is dreaming.
A neighbor who knew about the conversation overheard their conversation and interjected enviously: "How could it be that he was so lucky! It was only one hundred and thirty taels of silver, but he got a share of it. Don't you know?" , according to the news leaked from the Hubu Yamen, the average price per share is two hundred taels! This time, he made a net profit of 70 taels."
Liu Laosan's family has a shop. In a good year, he can only make 70 taels at most. Just yesterday, he made a year's money by randomly participating. Not to mention that the golden knot pays dividends every year, which is equivalent to holding the imperial court's money. You don’t have to worry about your thighs, that’s the key point.
Liu Laosan distributed the candies by the handfuls and said with a smile: "The auction method that the emperor later changed can be auctioned as long as you have enough money to enter the venue. If there is a next time, maybe you can do it too , your family has two shops, you must have saved money."
"Ah, how can such a good thing happen in the future!" One of the neighbors quickly replied, "This cement is such a good thing, look at how useful it is. We have so many rich people in Ming Dynasty, so we don't have to worry about it at all. Sell, so this cement share is the real deal! Have you ever seen something as good as this before?"
"Yes, this is something invented by the emperor. Opportunities like this are probably not available in the future." Another person also shook his head and sighed, "We can't let the imperial court set up another company selling sesame cakes, right? What a rarity!"
"No, no, there should be more, haha!" Liu Laosan comforted them with a smile, but he agreed with them in his heart.
Whose money is not hard-earned? If the imperial court takes the lead in setting up a company selling sesame seeds, how can anyone rush to join it?
After all, the emperor has a clear purpose. These companies are only led by the imperial court, and they are doing business as usual. If the goods are not good, it is possible to make losses.
After the cement share auction ended, people with ideas like theirs abounded in the capital. Those who bought the shares laughed, while those who didn't bought the shares shook their heads, sighed, and were jealous.
There are also many rich people, or people who have pooled their money, who hesitated and missed the opportunity, or started too late and only bought a few shares when the price rose to 400 taels per share, and they all regretted it.
In this atmosphere, on the third day after the cement share auction, an imperial edict suddenly came to the world. The imperial court took the lead in preparing to establish the Daming Construction Bank.
The Ming Dynasty Construction Bank is a commercial bank with an investment of 30 million taels from the imperial court. It is still divided into seven parts: the Ministry of Rites, the Ministry of Personnel, the Ministry of War, the Ministry of Accounts, the Ministry of Punishment, the Ministry of Industry and the Inner Palace, accounting for 50% of the total share capital. one. Of the other 49% of the shares, 20% were auctioned in the capital, and the other 29% of the shares were auctioned in Yingtianfu.
The original stock price is one or two per share. As for the shares to be auctioned, the starting price is one or two per share. How many shares will be auctioned in the end, or whether it will still be unsold, depends on the purchase situation of the people of Ming Dynasty.
Perhaps because the Ming Dynasty Construction Bank is a new thing, this edict is very long, and the detailed description is somewhat similar to the prospectus of later generations.
Daming Construction Bank is equivalent to a bank account, its main business is deposits and withdrawals, and general deposits and withdrawals.
I didn't get home until after ten o'clock last night. I was tired from the journey and couldn't write any words. There will be more updates today. As for how many updates, I don’t know at the moment. Anyway, one update counts as one update. After a while I will calculate how much I still owe.
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