"Father, this is how I honor you..."
In the Renshou Palace in Laoshan, Zhu Cixiang's position as the most dutiful son in the world was in jeopardy because his younger brother Zhu Cihuan came again to deliver silver notes to Emperor Chongzhen.
Emperor Chongzhen took the banknotes and looked at them. There were ten in total, each worth three hundred taels. They were registered tickets issued by Maritime Bank, with "Chongqing Stock Bank" marked on them - Maritime Commercial Bank, Salt Commercial Bank, and Banknotes can be found at other banks and large money shops. There are two types of banknotes issued by them, bearer votes and registered votes.
Among them, bearer notes are equivalent to banknotes issued by banks and banks, with the words "pay upon presentation" on the face. A registered ticket is a check. The customer of the bank or bank fills in the numbers on the blank banknote and signs it with a seal.
However, unlike the way checks were played in later generations, banks and banks in the Ming Dynasty now have very strict management of registered money checks. If you want to obtain the "signing authority" for a bank or bank's registered money ticket, you must deposit a certain amount of deposit, and each money ticket will have an upper limit for invoicing indicated by the bank or bank.
The bank note that Zhu Cihuan handed over to Emperor Chongzhen was a registered ticket with a maximum limit of 300 taels, and the issuer was a commercial bank called "Chongqing Stock Bank". It also had the special stamps of Chongqing Stock Bank and Zhu Cihuan on it.
"Huan'er, did you set up a trading company?" Emperor Chongzhen frowned, "Did you start this Chongqing stock house?"
"Yes," Zhu Cihuan said with a smile, "My son doesn't want to be a good-for-nothing prince who eats all day long, and he has no interest in officialdom, so he wants to show off his skills in the shopping mall."
Are you uninterested in officialdom? Chongzhen said in his heart: How come I heard that the traitor thinks that you are stupid and too gullible, so you are not suitable for being an official... Although the traitor is unfilial, he is still very accurate in judging people!
"Huan'er, does your elder brother know about this?" Chongzhen asked again.
"I know, I know, of course he knows." Zhu Cihuan nodded repeatedly - he didn't lie, Zhu Cixiang did know, and he also asked Zhu Cibing to go to Shanghai to give Zhu Cihuan a message, telling him not to bother with stocks, and if he wanted to make some money, he could buy land in Shanghai. House rent collection...can't go wrong!
Zhu Cixiang also had good intentions. He knew that stock investment and speculation were too risky. Zhu Cihuan followed Chongzhen and was too honest to do this. It was safer to buy land, build a house and collect rent.
Moreover, although the land prices in Shanghai have increased many times in the past ten years, there is still a lot of room for growth! I'm sure I can invest. If I just invest, I'll make money. Isn't it good to be like the old Liu Xiaofu Wang?
But Zhu Cihuan felt that he was quite capable... In the past few months, he had made a lot of money from stock trading in Shanghai. Everything he bought went up. The 20,000 taels he borrowed as a mortgage from the palace had been flipped into 60,000 taels. Got it!
After making money, Zhu Cihuan also formed a partnership with Zhu Cizhao's "Queen Dental Merchant" Yao Daqiao, invested a total of 150,000 taels, and opened a stock dental brokerage, named after his king's name, called Chongqing Stock Brokerage.
Zhu Cihuan is now a big capitalist!
"That's good, that's good..." Emperor Chongzhen nodded repeatedly - he thought Zhu Cihong supported Zhu Cihuan in opening a stock bank. Zhu Cixiang's vision can still be trusted, and the things he supports are generally correct.
"What do you do in the stock market?" Chongzhen asked again.
Zhu Cihuan replied: "It's just buying and selling stocks for others... charging a little commission, it's very profitable."
"Really?" Chongzhen didn't believe it. "Is there any easy-to-profit business in the world? If the stock market is easy to make money, everyone will do it, and the good money will become less profitable."
Zhu Cihuan smiled and said: "Father, I don't know. The current unit price of stocks is too expensive. The face value starts at 1,000 taels, and the transaction price is usually more than 1,500 taels... let alone ordinary people, even those with a small fortune. It is difficult for businessmen and landlords to afford one share, and the Shanghai Stock Exchange does not accept transactions smaller than one share. Therefore, many stock houses have started to split stocks, buying one share first, and then selling ten shares. Give one share to the common people."
I have to blame Zhu Cixi again for this matter... Because the face value of the stock was too large, small and medium-sized investors were excluded in the early stage, leaving only a bunch of profiteers and powerful people playing. So it’s not that easy to be deceived—they’re not good people, so who can they deceive? Therefore, the stocks issued on the Shanghai Stock Exchange in the early days had quite good quality, and the Ming Dynasty's capitalist economy developed very well, so the stocks kept rising.
It keeps going up and up, which makes everyone feel itchy, so there is a side idea of "splitting stocks".
Chongzhen shook his head and said, "Isn't this a violation of the rules?"
"It's not a bad rule," Zhu Cihuan said, "As long as the stock bank buys it first and then splits it, it's not a bad rule... In order to facilitate supervision, the Shanghai Exchange will review each member bank, that is, each stock bank. The principal. Now the latest requirement is that the principal of any licensed member bank must not be less than 100,000 taels."
"100,000 taels?" Chongzhen asked, "Do you have 100,000 taels?"
"It's not that much," Zhu Cihuan replied. "My son only had 60,000 taels. He found a businessman to form a partnership and raised 150,000 taels to open a Chongqing stock house. Not many stock houses can raise that much money, so this Not everyone can make money in buying and selling.”
"I see," Chongzhen nodded and said, "You are the king of the county, so it is always inappropriate to seek a partnership with a businessman! Why don't King Dai, King Luokun and King Fu lend you money?"
Those three are not good brothers... Zhu Cihuan said heartily: They all looked down on me and advised me not to be so big!
Seeing Zhu Cihuan's expression darken, Chongzhen also sighed. He knew that Zhu Cihong, Zhu Cijiong, Zhu Cizhao and Zhu Cibing all looked down on Zhu Cihuan and thought he had no future... Moreover, Chongzhen himself felt that Zhu Cihuan had no future and could not be compared with Cihong, Cijiong, Cibing, or even Cizhao. superior.
But no matter how promising he is, he is still his biological son! You have to help, and you have the conditions, right?
"Let's do this," Chongzhen said, "I will invest money for you..." He thought for a while, "I'll give you 250,000 taels! You go and buy all the shares in the hands of the businessman, and then go and buy the palace." Redeem it. Use the rest to buy a piece of land in Shanghai, the best one! After buying it, build a building, a four- or five-story building. You live on one floor and rent out the rest... .This puts me at ease."
It’s better to be the father!
Zhu Cihuan was so moved that he almost cried, "Father, those 250,000 taels are your pension money. I can't take it from you..."
He also knew that Emperor Chongzhen had little savings. Although Chongzhen had 1 million taels of gold and silver a year, he had too many concubines and too many children. Spending money was like running water! In the past few years, I have been living beyond my means and have been unable to save much money at all.
Chongzhen waved his hand and said with a smile: "Of course this 250,000 is not for you... I have saved a total of 500,000 taels. This 250,000 is the capital of my investment. After you make money, you have to pay me dividends." !”
Zhu Cihuan nodded with certainty, "Father, don't worry, I am sure that this transaction cannot be repaid!"
"real?"
"Really!" Zhu Cihuan said, "I really can't pay for it!"
Chongzhen smiled and said: "That's good, that's good!"
Zhu Cihuan thought of something again at this time, and his brows suddenly tightened.
"What's wrong?" Chongzhen asked, "Do you feel unsure?"
"No, no... I have another unkind request."
"Really? Tell me."
Zhu Cihuan said: "Can you not tell my eldest brother about my father's investment in my son?"
Chongzhen said with a smile: "Are you afraid that he will nag you? Your eldest brother...how should I put it, is indeed a bit mean. Okay, as a father, just don't talk about it."
Emperor Chongzhen will definitely regret what he agreed to Zhu Cihuan today, because he will soon say goodbye to his pension money!
If he told Zhu Cihuang about this, Zhu Cihuan would definitely call Zhu Cihuan and give him a scolding.
Because the stock splitting business that Zhu Cihuan's stock firm is engaged in seems to be risk-free and very profitable, but in fact the risk is still very high - this stock splitting trading model has developed into a transaction similar to bankrolling and market making. The stock bank itself is both a banker and a market maker, and they often use financing to carry out operations. Once the stock price drops sharply, without any strength or vision, it will really cost everyone...
