Xiao Letian knew his disciple very well, and he didn't put too much pressure on him. He knew very well that as long as Zai Chun read the secret letter and saw this, he had basically accepted the idea of new finance!
Why do Westerners say that the stock market is a barometer of the economy? Because the stock market is a place where bubbles can be blown, and the root of bubbles is actually people’s confidence in the economy!
If they think your company is good, your stock price will rise. Even if your company is actually not that good, they don't care.
Similarly, if they don't think the company is good, even if your company is making a lot of money every day, the stock price will still fall!
An obvious example is that when Emperor Tongzhi forcibly distributed the original stocks, these Eight Banners dudes were afraid of the imperial power and distrustful of Zai Chun. Many of them sold their stocks for just a few cents, causing many problems. What a big joke!
These are all labor pains, a tuition fee that most people in society have to go through to accept a new thing. Now that the Beijing-Tianjin Railway stock price has exceeded eight yuan, it also proves that the mood of the masses has gone from one extreme to the other!
The efficiency of the Beijing-Tianjin Railway is very good, but no matter how good the efficiency is, it cannot reach the current market value of 80 million. In fact, the total assets of the Beijing-Tianjin Railway now are estimated by the Chinese to be around 22 million!
This is not easy. In just about half a year, the railway assets have doubled. Of course, there is support from various Chinese industries!
However, with total assets of more than 20 million yuan and a market value of 80 million yuan, the bubble here is quite big! Adjustments are likely to come at any time!
But as a monarch, can you be afraid of adjustment? If you are afraid, then the best choice is to close the stock market. You don’t want to use this financing channel!
There is only one way to solve this bubble, which is to continue to create wealth and increase productivity. You can fill the blown bubble with actual wealth. This is the only way for your country to develop!
After mankind entered industrial civilization, it entered an era where GDP is king, and productivity can solve most economic problems!
Especially in the early industrial era of a country, development brings many opportunities to society. This kind of bubble exists in all walks of life!
If you don’t take advantage of this great period of historical opportunity and work hard to develop the economy to fill the bubble, do you still want to abandon your martial arts skills?
The new era is originally a great era that uses technology and productivity to pursue human fantasies! All the expectations and fantasies that the public has about the future will actually be reflected in the financial market!
Greed symbolizes the deepest desires in people's hearts and describes what kind of life they want!
At this time, all you have to do is go with the flow and satisfy the people's imagination of the future. What can you do to satisfy it? Of course it is to increase productivity, you have to create so much wealth!
"Ah! So that's it..." When Zai Chun saw this, his heart felt as if a whole bright moon was suddenly reflected in an ancient well, so clear and translucent!
"Ah...it turns out that market capitalization and trading volume in the stock market are two completely different concepts, and they don't have to be exactly the same!"
"The market capitalization in the stock market may be 80 million, but the wealth of back-and-forth transactions may only be 50 million...these two points do not have to be exactly the same!"
"The extra imaginary number is called a bubble, and the essence of a bubble is actually people's fantasy about the future!"
"They fantasize about what price the Beijing-Tianjin Railway should rise to. They also fantasize about which industry will be the most profitable in the future. They fantasize about which of the many listed companies has the most potential!"
"All fantasies turn into motivations for gambling and are put into the market, which will lead to bizarre bubbles or golden pits that are ignored by others!"
"I really have to face what my master said... Industrialization is a road of no return. Once you get on the road, you will be forced to run faster and faster, and you won't be able to stop even if you want to!"
"Come here... bring over Prince Zheng's book. I want to take a look at it again!"
Fu Qing from outside Meiwu was also summoned, and he followed the little emperor to analyze the various possibilities of establishing the Qing Dynasty railway network!
"Fu Qing! You should have read the master's secret letter. You are right! If you want the stock market to prosper forever and everyone to make money, there is no other way but to invest in it with real wealth!"
"The stock price is now 80 million, right! Let's add fuel to the Beijing-Tianjin Railway... Let's try to invest in the second phase of the project, please help me figure it out!"
"Increase investment to connect the Beijing-Tianjin Railway and the internal railway in the Chinese Northern Industrial Zone!"
"Isn't there a railway in Tanggu that directly leads to Tangshan and Guye to transport coal and iron? It's connected from Tianjin!"
"Then the Tangshan side will be built all the way north, all the way to Shanhaiguan! Let's call this expansion project the second phase!"
"As a result, has the profitability of the railway increased? Has the fixed assets increased significantly? Then the market value of 80 million has suddenly turned from a bubble into real money?"
"Ouch! Long live the Holy Ming!" Fu Qing jumped up and immediately shouted long live the saint.
"In this way, the market value is more than 80 million. Investors' confidence has increased, and even 90 million can't stop it! But if His Majesty does this, it means that our Qing Dynasty is really going to build a railway network!"
"What to do with the opposition forces in the court? This is quite a group of people!"
Emperor Tongzhi shook his head, "I understand, I can no longer care about these. The history of the West has proven that there is no retreat from industrialization. Once you get started, you will go further and further!"
"Use the wealth created by industrialization to satisfy the people's desire for wealth. With more and more money, the people's hearts will naturally become more stable!"
"It's done! Prepare the second phase of the Beijing-Tianjin Railway immediately... You go to the Chinese and European experts in the railway field and start designing the Qing-Central Plains railway network on paper from now on!"
"Time waits for no one! Now that you have embarked on this path, don't hesitate to worry about gains and losses!"
Fu Qing secretly sighed in his heart. The influence of the head of state on the emperor was really too great. Two secret letters could make the emperor make such a big determination and carry out such a big reform!
The reform was not just that. Zai Chun knew that such a big reform would not work without attracting supporters in the court, especially the Eight Banners, the foundation of the Manchu Qing Dynasty. They could not be constrained by them and had to be allowed to make money!
"Fu Qing, go visit Prince Li and Prince Zheng... tell them that they are indispensable for the internal original stock of the Qing Dynasty Railway Network!"
"We can also discuss the introduction of Chinese stocks that make money! But you have to be honest with me during this period... If an incident like Xin Jian happens again! I will never care about family ties again!"
"Hey! I'll do it now!"
The wheel of history accelerated again, and the reform of the Qing Empire entered a period of acceleration. When Zai Chun's reaction came back to Xiao Letian, the head of state remained silent for a long, long time without saying a word.
"Big Beard in London...what are you doing? I miss you a little bit..."
