Finally bought it!
I exchanged 380,000 taels of silver notes for the Pingxi Fan and Shuofang Fan debts with a face value of 510,000 taels!
In order to buy these feudal debts, he not only waited in the private room of Maritime Bank for a full hour and a half, but he also took a familiar route as an assistant manager of Maritime Bank and paid a bribe of 1,000 taels before successfully jumping in line and grabbing the first place. In front of several other large households...
The bond transactions of the two banks now implement a "market maker system", that is, buyers and sellers do not directly trade, but the bond bureaus of the two banks provide quotations (two-way quotations) to buyers and sellers, and accept purchases and sales at that price. requirements, using its own funds and bonds to conduct transactions with buyers and sellers.
However, because the amount Yao Daqiao wanted to purchase was too huge, it almost reached 10% of the total amount of the first-phase bond issuance of the two feudal lords. So Maritime Bank can’t do a deal right away—the bank doesn’t have that many bonds in stock!
Therefore, Yao Daqiao could only wait patiently. It was not until the market was about to close that night that he got a "no spot" buying opportunity.
The so-called not taking the spot means that you can't get the physical bond, but can only get a "three-month negotiable domain bond deposit certificate" issued by Maritime Bank - in fact, this is a futures transaction. Haishang Bank was the middleman and found profiteers in Huizhou and Quanzhou who had been selling short, and they took over Yao Daqiao's huge payment.
Of course, these profiteers in Huizhou and Quanzhou have no goods. So I had to sign a contract with the bank for delivery in three months or settlement according to the prevailing market price, and pay a deposit.
And the price they sold the feudal bonds (with a face value of one hundred) was 74 taels (Yao Daqiao’s purchase price was 74.5 taels, and half a tael was the price difference eaten by Haishang Bank), and if the first phase of the feudal bonds was really If it can be repaid in the short term, such as paying the first year's interest at the same time, that would be amazing!
The interest accrual date for this period of feudal bonds is from June 1st of the first year of Hongxing. If the principal is paid in full when paying the first year's interest, then by the end of the year, there will only be 5 remaining periods of the bond. It’s been months.
So by then, the value of the bond will never be lower than 95 taels, and the profiteers who short-sell will lose money...
As for Yao Daqiao, he didn't even need to wait three months to make a profit by selling "Negotiable Domain Debt Certificates"!
In fact, the opportunity for him to make a fortune soon presented itself!
On the tenth day of September in the first year of Hongxing's reign in the Ming Dynasty, a huge benefit spread from Sichuan to Wuhan.
Li Zicheng is dead!
...
"Your Majesty, I have just received a secret report from Sichuan that the bandit leader Li Zicheng died of illness in the Puppet Imperial Palace in Chongqing on the first day of September..."
In the East Lake Palace, in the Qinzheng Hall, Zhu Cixiang, who was presiding over the court meeting between the two government ministers, suddenly heard news that surprised him.
"Zhu Chunjie, what are you talking about? Isn't Li Zicheng dead long ago?"
Yes, I have been pretending to be alive for almost three years, why did I just die?
"Your Majesty," Zhu Chunjie explained, "he is officially dead this time... Li Guo, the false prince of the bandits, issued an edict to the world, announcing that Li Ni had died of illness, and he was still regarded as the false great ancestor."
Zhu Cixiang nodded: "Oh, that means dying twice... This Li Zicheng ascended the throne twice and died twice. It's really hard work!"
It was indeed hard work...I had to pretend to be alive for more than two and a half years even though I was dead. Li Zicheng is probably the only person who has been called an emperor since ancient times and is so diligent!
Zhu Cixiang sighed inwardly and asked: "Since Li Zicheng is officially dead, who did he become the hypocritical emperor?"
"It's Li Zicheng's crown prince Li Guo," Zhu Chunjie said. "The secret report said that Pseudo-obedient will change Yuan Dynasty to co-rule starting next year.
In addition, Li Guo also sealed eight political kings in one go. From now on, hypocrisy means that the eight kings discuss politics and the king and his ministers rule together. "
Zhu Cihong said in his heart: It's quite progressive...the peasant uprising is just different!
"Who are the eight kings?" Zhu Cixiang asked again.
"The secret report said that there are expected to be grandsons of the King of Qin, King Liu Zongmin of Han, King Li Dingguo of Jin, King Tian Jianxiu of Sui, King Liu Wenxiu of Tang, King Yuan Zongdi of Song, King Ai Nengqi of Chu, and King Liu Fangliang of Wei."
It's quite particular. The titles of the top six political kings all come from the unified Han Dynasty after the First Emperor unified the world. They are arranged in chronological order.
The king's title of King Ai Nengqi of Chu should come from Emperor Yi of Chu, and the title of King Liu Fangliang of Wei comes from the Wei State that usurped the Han Dynasty.
Zhu Cixiang turned his attention to Ma Shiying, the governor of Yunnan, Guizhou and Sichuan, who was reporting to the court, and asked: "Governor Ma, what do you think?"
Ma Shiying looked dejected, he was now the commander of the defeated army. The situation in every part of the Ming Dynasty was excellent, but he couldn't do it. He lost Chongqing first and then Chengdu. Now the entire Sichuan Province has been almost lost, leaving only the mountainous prefectures in southwest Sichuan and Zunyi Prefecture in southern Sichuan.
Fortunately, Zhu Cixi had reformed the system of speaking officials earlier, abolished the power of the censor to discuss politics, and withdrew the six subjects from Shizhong. Otherwise, Ma Shiying would have been scolded to death by a group of censors and officials.
However, there are still many nosy civil servants in the Ming Dynasty. These days, memorials to impeach Ma Shiying are flying to Zhu Cixi's desk like snowflakes, and countless beautiful articles have been written that make people hate Ma Shiying to death after reading them.
If Emperor Chongzhen was still in power, Ma Shiying would have to be chopped into pieces.
But Zhu Cixiang ignored them at all and didn't even look at the bullets.
The issue of Sichuan's defeat was reviewed by the Generalissimo's Office - Li Yan became the imperial envoy and went to Sichuan and Guizhou to investigate in person. There is no need for a group of civil servants who do not know the situation on the front line in Sichuan to talk nonsense.
Li Yan hasn't replied yet, but Zhu Cixiang already knows why Sichuan is like this - it's not a fault of war at all!
Dashun's military strategy of dictating land was a real thing. I don't know how many poor Sichuan farmers got their land for nothing!
After Zhang Xianzhong's death, the combat effectiveness of the remaining Daxi Army was liberated. These people defeated Wu Sangui in Monk Yuan. If Wu Sangui had not been in a hurry to enter Sichuan, Wu Sangui would not have to worry about the issue of feudal debts now... .
With the powerful Daxi Army and the Dashun Army winning the hearts of Sichuan people, how could Ma Shiying win with a bunch of landlord regiment training and chieftain armed forces?
So Zhu Cixiang just cut off Ma Shiying's title and let it go. He didn't even take away the official position of governor of Yunnan, Guizhou and Sichuan.
He also hoped that Ma Shiying could rectify the various warlords and landlords who had fled from Sichuan, and also integrate a Guizhou town or something to fill the bottomless pits of Sichuan, Guizhou, and Zunyi.
"Your Majesty," Ma Shiying sighed, "Li Zicheng has died a long time ago, and the reason why Li Guo didn't announce it for a long time was not to hide it from us... This matter can only be hidden for three or two months at most. How could it be hidden for two years?" How many years? Li Guo did not announce Li Zicheng's death because of his internal instability. After he announced it, it would be difficult for him to ascend the throne as a pseudo-emperor.
And he has now publicly announced Li Zicheng's death, which shows that he has straightened out his internal affairs and can become a pseudo-emperor. "
Ma Shiying’s analysis should be right!
Zhu Cixiang frowned slightly, there must be gains and losses! He was busy begging for food and the Northern Expedition, leaving the mess in Sichuan aside. He originally thought that when a group of local tyrants and evil gentry in Sichuan realized their mistake and came back to beg him, they would send out a large-scale army.
But I didn't expect that Zhang Xianzhong's four sons had given up the idea and started to engage in "eight-father co-ruling" with Dashun. If Dashun and Daxi join forces, their strength will at least double, and it is estimated that there are more than 200,000 capable of fighting! Moreover, it also won the support of the working people of Sichuan through the division of land by population.
This means that the Dashun court can quickly replenish the war losses by promoting working people into the military government... It will not be easy to eliminate them!
However, the banner of regaining Sichuan still needs to be raised!
If we don’t hold high the banner of conquering Sichuan, the story of the withdrawal of the vassal state will not go on. Without the withdrawal of the vassal state...then who will issue the new vassal debt to?
Emperor Zhu has received reports from Huang Jiang and Su Sheng - the market is full of buying!
If they now issue new bonds at a discounted price with the same terms and interest rates as the first phase of the feudal bonds, they estimate that the bonds with an annual interest rate of six cents can be sold for 80 taels, and at least four to five million can be raised...
