Li Chengqian was curious about everything in Fangjiawan, so he naturally wanted to go to this "exchange" to have a look.
Du Huaigong, like his father Du Lianzhong, was on the line of Wei King Li Tai, but he could not offend the prince Li Chengqian for nothing, so he led the way.
Walking through densely packed tall warehouses, I finally saw a house standing on the side of the street after turning several corners. It had five doors and was spacious.
There is a grand door with white walls and black tiles, carved beams and painted pillars. There is a plaque hanging on the lintel, with three powerful characters on it: Exchange...
Just at this moment, a carriage with two horses and a shaft came from far and near, and stopped in front of the exchange.
The car curtain opened, and a beautiful lady got out of the car. Surrounded by a group of guards and maids, she walked lightly into the courtyard.
Li Chengqian said in astonishment: "Whose wife is this? So majestic!"
Du Huaigong said with a smile: "Of course she is impressive. Who doesn't know Mrs. Wu in Fangjiawan now? The entire Fangjiawan belongs to her family!"
"Could it be the concubine given to Fang Jun by His Majesty?" Du He asked, remembering this incident.
Du Huaigong said: "Exactly."
Li Chengqian asked curiously: "What is she doing here?"
"Fang Jun has put up a good deal, and now he hardly comes here. The daily operations of this terminal and the exchange are all decided by Lady Wu." Du Huaigong explained.
Li Chengqian clicked his tongue and marveled: "This second house is really unexpected! He actually handed over such a large property to a woman to manage?"
Du He said sourly: "This boy is really lucky. This lady Wu is really as beautiful as a peach and a plum..."
Wu Meiniang is dressed in a rich dress, elegant and luxurious.
She is wearing a bright yellow nine-pleated Luo Yinni skirt, and a five-halo Luo Yinni shirt on her upper body. Outside the shirt, she wears a large single-filament red ground silver mud scarf, and her hair has changed from its usual nine-plum shape. The hair was combed into a mature Japanese bun, and the hair accessories were replaced by a more elegant ebony pearl hairpin. There was a light red hibiscus-shaped flower in the center of the distant eyebrows. Complementing the tender Wu Xiang's lips, lightly apply blush on the face between the lips and eyebrows.
She is a beautiful lady with unparalleled beauty and beauty, and her elaborate attire makes her even more beautiful and eye-catching.
No wonder Du He, a dandy who is accustomed to beauties, also has some wild ideas and is very jealous of Fang Jun's beauty.
Li Chengqian just smiled and walked slowly into the courtyard without making any comment.
Du Huaigong grinned and thought to himself, could it be that His Highness the Crown Prince really doesn't like pretty girls, but likes "rabbits" as rumored by the outside world?
The three of them walked into the exchange together. The guards guarding Li Chengqian wanted to follow, but were stopped by Li Chengqian and ordered them to wait outside.
When you step into the auditorium, you will see that it is well-lit and magnificently decorated. In the center of the hall, four rows of large trading desks are neatly arranged in a 'mouth' shape. Each row has a total of nine windows, a total of thirty-six.
Around the central trading desk and on the east and west sides of the hall, there are rows of seats with backrests and armrests. This is for businessmen who come to the auction house to sit, rest and watch the 'water signs'. The so-called water signs are wooden signs hanging on the top of the trading desk. Each trading desk corresponds to one. On them are the guide prices of three or four commodities for the day... This price is given by the auction house based on the previous day's market conditions. out for traders’ reference.
"Then how is this thing traded?" Li Chengqian asked curiously.
"It's like this." Although Du Huaigong is a dandy, he is still familiar with the basic business. He explained: "Each trading cabinet can handle three or four different commodities... As you can see, what does the water sign on it say? , what transactions are done at the counter below. First, the consignor will register the goods to be sold at the counter one day in advance. Then the auction house will send a specialist to inspect the goods and seal them. Finally, the total number of pieces will be counted and written on the water tag... this The number is the number of commodities of this type available for auction the next day."
"Then what?"
"When the market opens the next day, the 'broker' behind the counter writes down the guide prices for the several types of commodities he is responsible for, and then accepts the quotation."
Du Huaigong is very familiar with the process, and this is not his first time trading here.
"Then the highest bidder gets it?"
Li Chengqian felt as if he had become a three-year-old child, knowing nothing and being unable to understand anything. This felt very bad. He frowned and said, "It feels like price gouging, or am I mistaken?"
Although he is not a businessman, he has been trained by His Majesty Li Er as his future successor for a long time. How can he not know about economic matters?
"It's not that simple." Du Huaigong said with a smile: "Fang Er founded this exchange with the slogan of stabilizing prices. Maintaining stability is his purpose."
As he spoke, he said with great admiration: "Fang Er has some skills. The method he designed can effectively curb price hikes and hoarding; provide a stable and reasonable price for all parties to the transaction. This is also the current Fangjiawan trade Such a foundation to thrive!”
Li Chengqian found an empty seat and sat down, and said with great interest: "Let me tell you something about this place."
Du Huaigong did not take his seat. He looked anxiously at the water sign hanging on the trading desk. He did not see any tung oil for sale, so he breathed a sigh of relief.
At this time, he absolutely did not dare to walk away. Even though His Highness the Crown Prince looked harmless, he was actually not a good-tempered one. If he walked away, he would definitely annoy him, and then he would become His Highness the King of Wei. I can't stop this guy's anger...
He explained in detail: "When the trading desk accepts a quotation, the purchaser can refer to the guide price, write down the quantity that he is prepared to purchase, and the maximum unit price that he is willing to pay, seal it in an envelope. Then put it in the envelope in front of the corresponding counter. In the wooden box.”
Du Huaigong pointed to a square wooden box on the counter next to him and said, "The corresponding product name is written on the front of each box. There is no mistake."
Seeing Li Chengqian nodding, Du Huaigong continued: "The bidding time is from Chen hour to Wei hour every day, a total of four hours. Once the midnight hour passes, the quotations will stop being accepted. The agent will open the box in public and list all the prices from high to low. The order is written on the water tag. The highest bidder will get all the pieces he needs; the second highest bidder will get the remaining number of pieces he needs, and so on until the goods are all sold out... The prices of all winning bids are It’s called a successful bid. The lowest one among them is called the lowest successful bid.”
"Isn't it true that the same thing has different prices?" Although Li Chengqian has never seen this kind of trading model, he is definitely not stupid... If he was really stupid, His Majesty Li Er would not be lucky enough to train him for so many years. The prince has been replaced a long time ago...
Du Huaigong explained with a smile: "Your Highness... Dalang asked well, but the second house solved it more cleverly - after all the pieces have been distributed, all the winning bidders will make the transaction based on the lowest successful bid. It's fair."
Li Chengqian thought about it carefully, and the more he thought about it, the more he realized that this method was really brilliant. First of all, it was fair and open, and the words in black and white could not be faked. The one with the highest price would get it.
Moreover, this kind of fixed-price, no-regrets bidding makes it very difficult to maliciously bid up... Unless you are prepared to use a high price to make a profit, otherwise don't even think about using shills to increase the price of a certain product. For buyers, , this is undoubtedly good news.
Moreover, this method of comparing the unit price without the total price is even more beneficial to those merchants who have urgent needs. As long as the price is higher, they will always get it... and the transaction price will mostly be lower than the asking price, so there is no need to worry about too much loss. big.
"This protection for buyers is indeed in place." After thinking about it, Li Chengqian gave a thumbs up, and then asked doubtfully: "But what about sellers, how to ensure their interests?"
"It's like this," Du Huaigong said: "This exchange opens at 9 o'clock, and the guide price is announced as soon as it opens. If the seller feels dissatisfied, he can withdraw the order or press the order before chen o'clock, and exit the transaction for that day."
Du Huaigong continued: "At the same time, during the transaction process, if you want to avoid the transaction price being maliciously lowered, you can also apply for price protection from the counter."
"What kind of protection law?"
Li Chengqian felt that he was simply an idiot and was completely impressed by this series of whimsical ideas.
Fang Jun's series of actions, which completely exceeded Li Chengqian's understanding of commodity trading, were a bit shocking...
