Chapter 122 The Second Batch of National Bonds
Xie Jin said: "Your Majesty, I believe that I should give my chief minister peace of mind. Whatever the chief minister wants to do, let him do it. The more he does, the more mistakes he makes. The more he does, the more people he offends. The more there will be. In the future, when the time comes, Your Majesty will ascend high and call out to bring order to the chaos. It is the right time."
Yao Guangxiao did not believe that He Xi would abide by his political promises, and Xie Jin did not believe that Zhu Xiongying would abide by them.
After all, with He Xi's prestige in the world, he is simply the uncrowned king. There is not much difference between retreating and not retreating. Just like Xu Da. Xu Da was recalled to the capital by Zhu Yuanzhang and served as a sinecure for a long time. However, as long as Xu Da was alive, no one in the world would dare to ignore Xu Da's existence.
If He Xi assisted Zhu Xiongying in re-establishing the world, He Xi's prestige would still be higher than that of Xu Da.
Unless Zhu Xiongying solves He Xi's problem, how can he successfully take over the power?
It's just that Jie Jin ignored one point. That is the secret shared between Zhu Xiongying and He Xi.
This secret is He Xi's identity, and it has a lot of information about the so-called future world.
Because of this, Zhu Xiongying would never kill He Xi. Because he knew that although he had read some books from later generations, he definitely could not understand the role of this information better than He Xi, a person from later generations.
He wanted to make Ming Dynasty develop into a dreamlike world like that of later generations, and He Xi could not die.
Of course, Zhu Xiongying didn't completely believe He Xi. But until the last moment, he was unwilling to fight to the death with He Xi. This may be the tacit understanding between the two parties.
Zhu Xiongying sighed and said, "I understand."
He immediately sent Xie Jin away. I thought to myself: "Uncle, will you lie to me?"
He didn't ask He Xi, because there was no point in asking.
For many things, there will always be variables until the day the dust settles.
However, Zhu Xiongying did not object. After He Xi held a cabinet meeting. New government bonds began to be issued.
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Not so much issuing new Treasury bonds. It might as well be said that He Xi redefined the financial market.
Just opposite the Parliament, a stock exchange center was built.
First of all, major banks have established treasury bond transactions here. If the original treasury bonds can only be used as collateral in banks, today's treasury bonds can be traded immediately here. All banks accept it.
This time, the treasury bonds issued were distributed by Daming Bank through major banks.
Banks can purchase them with depositors' deposits or distribute them to customers. This suddenly opened up a huge market for national debt.
This is why He Xi is confident in issuing billions of national bonds.
After He Xi's repeated releases, there is quite a lot of money in the market. Moreover, many people have no financial knowledge, but they are not fools. They have seen the current situation and know that the money in their hands is likely to depreciate.
And exists in the bank. Now the bank has just completed the reform of providing interest on deposits.
After all, the last reform. That’s it for National Bank. Almost every national bank has its own fundamentals, and even if there is no major development, it will not lose money. But private banks are different.
Even though they worked together to divide the loan sharking market that originally belonged to the scholar-bureaucrats in the countryside. But Beijing is not Nanjing, and the market in this area is not very big. So these banks compete fiercely with each other.
Moreover, the banking law enacted by He Xi is not perfect. Or very imperfect.
There have always been a lot of various bank operations, especially during this period. Under He Xi's release, capital has been unprecedentedly active, not to mention that industrial development itself has brought great benefits. Especially steam engines.
If we say that before the war, the existence of steam engines was still in a few industries, but in recent years, the development of steam engines has seemed to be in thousands of households. Moreover, under the leadership of Zhang Zongde, the development of steam engine power encountered a bottleneck.
It's not for any other reason than the material.
When the number of revolutions reaches a certain level, the material cannot bear it. Limits the improvement of steam engine efficiency. But in all aspects of steam engine applications,
But there have been many new developments.
In addition, there were constant battles. Human resources are in short supply. Make steam promotion a trend.
It is this trend that many people in Beijing today feel that this is a good era when doing business can make money. And when will banking regulations be relaxed? Not exactly relaxing. It can only be said that He Xi does not know how strict bank control measures will be enacted. As a result, bank lending was very active.
There will be less money in the bank.
Naturally, they are willing to grab deposits.
Issuing government bonds is also a good thing for these banks. Without him, after they purchase treasury bonds, they can mortgage them to Daming Bank, the central bank, and lend money directly from the central bank. Repeatedly.
However, He Xi also knew that one billion was too big a number.
Put so much water on the market. If you don’t find a good water reservoir, problems can easily arise.
He Xi also built several reservoirs.
He Xi established a stock trading market. He selected several companies to go public.
First, the Hetao Coal Mine Company was established with the Hetao Coal Mine as the core. Issue shares directly. Anyway, now, Beijing’s coal consumption is surging. Mining the Hetao coal mine is cheap, as if it is free of charge. Even if it is not shipped to Beijing. Supplying local rail needs was also good business.
Secondly, there is Shuozhou Iron Works.
This iron factory is controlled by Shanxi merchants, and the imperial court has a part of the shares. Now the imperial court has taken out this part of the shares and put them on the market to sell.
There are two factories as examples.
He Xi believes that many people will see this financing method. In this way, the newly released water will have a place to go.
However, the stock trading market of this era is completely different from the high-end market in He Xi's impression. It's like a vegetable market. very messy.
Then, He Xiyou came up with the public debt system.
Railway bonds are mainly issued on three railways, one is the railway from Dongsheng to Jiayuguan, and the other is the railway from Dongsheng to Xi'an. One is a railway directly from Beijing to the north bank of the Yellow River. These are the operating rights mortgaged by all three railways. Organized by Bank of Communications. After all, railroads are a profitable business. Everyone knows this.
Today, two railways have been built in Ming Dynasty, one from Beijing to Yingkou. One is the railway from Beijing to Dongsheng.
Needless to say, the former is simply a cornucopia, while the latter, although it undertakes many military tasks, does not mean that it does not make money. It’s just that I don’t make that much. Because of the existence of this railway, the price of meat in Beijing has dropped sharply. Every winter, truckloads of cattle and sheep are transported to Beijing.
Let the whole Beijing, even the ordinary people, be able to eat hotpot mutton.
Of course, that is this period of time.
Because herdsmen keep their sheep for the winter, most of the time they will die. So clean up cheap. After this period of time, mutton is still priced beyond the reach of ordinary people.
This shows how profitable railways are.
Therefore, everyone is very interested in investing in railways.
Other than that, it’s all about Northeastern fields.
To be precise, it is the land left in the Nenjiang area of King Yan.
This part of the land will be given to the imperial court by King Yan. But the court cannot ask for it in vain. The imperial court wants to give King Yan a considerable sum of money. But He Xi didn't want the court to pay for this money. Without him, almost all of the local population, including King Yan, would be taken away. If the imperial court takes over, they will have to immigrate here.
There is so much to do here.
It’s not that it can’t be done. But there are too many things going on in the court now. Don't have the energy to do this.
Now it is an excellent idea to sell the land here exclusively.
First of all, the land sold by King Yan to the imperial court was completely different in nature from the land sold by the imperial court to private individuals. The sale by King Yan to the imperial court was an adulterous transaction. All administrative agencies above belong to the imperial court.
It is different when the imperial court sells it exclusively to private individuals.
No one dares to dream of becoming a chieftain in this land. The imperial court will naturally establish an official government to govern. Just sell the property rights of the land to these people
already.
Moreover, land is a very scarce resource in this era, even though King Yan's land is in the extremely cold place in the northeast. There will also be many people who are tempted. For many people, money and banknotes are just floating wealth, and land is the only family property that can be passed down.
However, it is very difficult to get land here in Beijing.
