My life skills in Daming Liver

Donghai Trading Company is a company specially responsible for Korean affairs, negotiated between the Southeast Metropolitan Governor's Office and the Cabinet.

The establishment of Donghai Trading Company was a helpless move finally proposed by Su Ze after many cabinet discussions.

The reason is also very simple. Southeast has no money to assist Yi Sun-shin.

Now the entire Southeast Cabinet to the Seventh Department are very clear about one thing, that is, "a cannon fires, and a thousand taels of gold".

The amount of money required for modern war is an extremely terrifying astronomical figure.

Even the southeast, which was already halfway into semi-industrialization, was unable to lift its head under the heavy pressure of war.

The cost of war is constantly rising.

Starting from the Chinese soldiers in the Zong Zhou Dynasty, the soldiers at that time were also the so-called Chinese. The Chinese were equal to the citizens of the Zhou Dynasty, equivalent to the citizen soldiers in the ancient Roman period. They fought for themselves. At that time, the country only needed Just give them weapons.

Soldiers in the Qin Dynasty were sons of good families. Joining the army was the obligation of all people and the only way to advance.

Soldiers joining the army are equivalent to investing their lives in the battlefield and fighting for a future, so they must prepare their own weapons and horses.

This system lasted until the Tang Dynasty. After the complete bankruptcy of the imperial army system and the beginning of the recruitment system, the cost of raising soldiers began to rise sharply.

Therefore, a very strange phenomenon occurred in the Tang Dynasty, that is, many Jiedu envoys worked hard all their lives. After plundering places, they worked for their soldiers. Once they could not meet the requirements of the soldiers, they would be violently demanded for wages, or even directly killed. overthrow.

In the Song Dynasty, the cost of supporting the army soared further. If the Song Dynasty had not produced several ministers who were good at financial management, the Song Dynasty's finances would have collapsed long ago.

The early Ming Dynasty was a historical turnaround. Zhu Yuanzhang tried to reduce the cost of supporting the army to ancient levels through the military household system.

The final result was almost a failure. By the time he dealt with the coastal Japanese pirates during the Jiajing period, the military household system had completely eroded, and Qi Jiguang wanted to recruit troops to fight against the Japanese pirates in Zhejiang.

During the Jiajing period, national border bank expenditures also soared rapidly. In the historical timeline before Su Ze's time travel, Wanli and Chongzhen continued to levy special taxes, which were various military aids, just to support the army. In the end, the Ming Dynasty went bankrupt. Death.

A modern firearms force requires horrific supplies.

At this time, Southeast was still undertaking two foreign wars at the same time, namely the Annan War in which Qi Jiguang led the Sixth Brigade, and the Huguang War in which two brigades were invested.

In addition, it was necessary to mobilize the defense against Li Chengliang in Xuzhou. Fang Wanghai had a headache every day looking at the bills.

In wars in the age of firearms, the competition is about gunpowder and shells, weapons and equipment, logistics and supplies, and even whether the commander himself is proficient in military matters is not that important.

In the historical timeline before Su Ze traveled through time, Wallenstein, one of the two heroes of the Thirty Years' War in Europe, was the greatest general of the Habsburg family. He himself was not good at directing wars.

Even unlike the generals of the classical era, Wallenstein himself was very likely to appear on the front lines of the army, and he would not condolences or train with the soldiers like most generals.

But Wallenstein is still on par with the Swedish military god and the famous modern military strategist Gutav II, and even has a slight advantage. This is because Wallenstein relies not on command operations, but on strong logistics. ability.

Wallenstein was able to extort oil and water from his own side and the occupied areas, all of which was used to maintain the army, and established a nearly modern military logistics system. With this ability, he could compete with the anti-Habsburg coalition forces. up and down.

Both the Southeast and the Ming Dynasty carefully controlled the number of troops because of the huge financial pressure.

Under such circumstances, unlimited support for North Korea's Yi Sun-shin is naturally unacceptable to the Southeast Cabinet.

Su Ze proposed a compromise plan.

A Donghai Trading Company was established to support Yi Sun-shin's rebellion in North Korea. It also publicly raised equity capital in the Shanghai Securities Center and used this company to operate aid work to North Korea.

Although Cabinet Prime Minister Xu Wei is very opposed to this policy, he believes that it is contracting state affairs to private individuals and will cause greater trouble in the future.

However, considering that North Korea itself was just a vassal state, Xu Wei finally agreed to the Donghai Trading Company.

However, at the insistence of the cabinet, the Southeast Cabinet did not agree to give the Donghai Trading Company a monopoly, and the accounts of the Donghai Trading Company must be checked at any time, and the military orders of the Donghai Trading Company require the approval of the Southeast Cabinet.

The second security that the Securities Center needs to list is the stock of Donghai Trading Company.

stock?

Pang Xinyue looked at Su Ze and asked quickly:

"Grand Governor, I have several questions."

"you say."

"The shares of Donghai Trading Company are purely commercial. Our Southeast Government is not responsible for capital preservation, right?"

Su Ze looked at Pang Xinyue in surprise, how could this guy be so sharp?

I really found a treasure in this imperial examination.

Pang Xinyue continued to ask:

"In other words, the final dividend received from this stock depends on the performance of Donghai Trading Company?"

Su Ze nodded.

Pang Xinyue asked: "How can the shareholders who bought this stock confirm that they will get the dividends they should have? The Governor has proposed the principle of equal financial responsibilities and rights, so doesn't this stock only have responsibilities but no rights? "

Pang Xinyue also asked bravely.

There is nothing that can be done about it. After all, Pang Xinyue is the person in charge of this securities center. If the person who finally bought Donghai Trading Company cannot get the dividends, or there is something wrong with the stock, then he will definitely be the unlucky one in the end.

Therefore, although Pang Xinyue wanted to make progress too much, he still had to ask Su Ze in person.

Su Ze said: "This is the supervision of the Securities Exchange Center. Every year, Donghai Trading Company must release financial information to the Securities Exchange Center, and it also needs to announce this information to all shareholders."

Pang Xinyue is not a fool. Of course he knows that the financial information published can be falsified.

These days, even government information can be falsified, let alone such a company.

Su Ze saw that Pang Xinyue was not easy to fool and said:

"It's mainly how stocks are bought and sold."

"How to buy and sell?"

"Or the pricing of stocks."

"Pricing?"

"The price at which stocks are purchased is entirely determined by the market."

Pang Xinyue suddenly understood something, and he asked: "The governor, is it the same as the value of public bonds?"

Su Ze nodded approvingly.

Pang Xinyue said: "But this stock is not a public bond, and there is no agreed fixed interest, which means that there is no upper limit to the fluctuation of the stock price."

Su Ze nodded and said: "Theoretically, if the Donghai Trading Company goes bankrupt, the stock price will eventually return to zero, and the investments of the Navy and the Army will be lost."

"If the value of this Donghai trading company appreciates, it can turn into several times or even dozens of times profit."

Pang Xinyue took a breath and said: "Grand Governor, this is encouraging speculation!"

Su Ze looked at Pang Xinyue in surprise. He originally thought that the new scholar in the public debt center should support securitization reform, but he did not expect that Pang Xinyue was so opposed to speculation.

Pang Xinyue said: "My father was a victim of the last insurance bubble. The ship he insured was involved in a shipwreck at sea. In the end, he did not receive any monetary compensation. My mother died in depression because of this incident."

Su Ze didn't expect that Pang Xinyue would have such family troubles.

Pang Xinyue said: "Grand Governor, railway bonds have an income limit and are guaranteed by the government's credit. No matter how much speculation is made, the range of fluctuations is not large."

"My subordinates believe that railway bonds can also alleviate the current problem of insufficient silver and are beneficial to the entire financial system."

"But stocks are different."

Pang Xinyue organized the speech and said: "Stocks are pure speculation. How many people buy stocks to invest in the so-called North Korean cause? It is obvious that most people do not even know what interests North Korea has."

"Then everyone who buys stocks is doing it purely for speculation, and then the stocks will eventually be the same as insurance."

Pang Xinyue said to Su Ze: "If the Governor must promote stocks, my subordinates request to change the place to observe politics."

Su Ze looked at Pang Xinyue and said with a smile: "In this case, Pang Jinshi is more suitable for this position."

Pang Xinyue wanted to make progress, but he still couldn't overcome his conscience. He was ready to resign, but he didn't expect Su Ze to say so.

Su Ze patted him on the shoulder and said, "We need talents like you in the southeast."

"You are also the most suitable person to serve as the chief officer of this securities center."

Su Ze said: "As you said, stocks must be speculative, but if we don't develop such things because they are harmful, what is the difference between it and eating waste food?"

"Any policy has two sides. Every policy has people who benefit from it, and there are bound to be people who oppose it."

"So any policy needs supervision, and someone needs to constantly plug loopholes."

"And you're the perfect person to do it."

"Since you, Pang Jinshi, don't like speculation the least, then you are the most suitable person to do this. I believe you will be able to do this well."

Su Ze continued: "Stocks are speculative, but Donghai Trading Company uses private money to participate in government investment in the southeast. This model can more conveniently concentrate the remaining funds."

"If Donghai Trading Company succeeds, the participants can benefit."

"If Donghai Trading Company collapses, everyone will lose everything."

"In venture capital, risks and returns coexist. As long as you make sure of this, investment is not speculation."

Pang Xinyue thought for a while, and finally gritted his teeth and said: "Since the Governor trusts his subordinates, he must prepare the stock affairs well!"