No. 3 Financial Street, Capital City, Dahua Empire, outside the Stock Exchange.
Hundreds of well-dressed upper-class people in silks looked expectantly at the closed door of the stock exchange.
A middle-aged man with a strong build and the only horse riding there saw an acquaintance.
"Brother Zhongkang, why are you waiting outside the stock exchange?
I remember that your Chen family’s caravan was very large, and they even went to our tribe to sell iron tools.”
Chen Zhongkang immediately stepped forward and covered the man's mouth, and whispered: "Brother, there are some things you cannot say."
He looked at the strange look in the eyes of the people next to him, without any psychological fluctuation at all.
The stock exchange is just like a large casino. If you don't have a persevering character, you will have to spend all your money sooner or later.
Chen Zhongkang seemed not to care and said with a smile: "We Shanxi merchants are in ruins."
Someone next to him immediately laughed and said with a Shanxi accent: "Shanxi merchants are in decline, how could I not know?
Not to mention the coal bosses of Shanxi merchants, they are nouveau riche that everyone looks down upon.
The top names in Yihonglou in Japan, the witches in Siam, these coal bosses spend huge sums of money to take them home as concubines.
The betrothal gift for marrying a wife is always loaded with silver in a horse-drawn carriage.
These things are often reported in newspapers. Whoever dares to say that Shanxi merchants are poor will be beaten to death by the coal boss with money.
Whether it’s the cars from Longchang or the candy from Xingsheng, they are all traveling freely all over the world.
Qiao Zhen, Qiao Lao and Du Baonian, Du Lao, were the leading figures in Shanxi merchants.
Don't blame Shanxi merchants for your family's failure. Your family is not the kind of Shanxi merchants who colluded with the Tartars and had their homes confiscated and exterminated when the country was founded."
Chen Zhongkang still smiled and replied: "You are talking about the eight major Shanxi merchants, the most famous Shanxi merchants in the late Ming Dynasty.
These people were either shot or died on the road construction site.
Look at me, at my age, I am one of the Eight Great Merchants of Shanxi. How can I still stand here?
Now when it comes to Shanxi merchants, except for the coal bosses, they only use Mr. Qiao and Mr. Du to put money on their faces.
Mr. Qiao is a businessman from the Beijing area, and his fortune is in automobiles. Shanxi merchants are not even in the automobile supporting industry, let alone the automobile industry.
Du Laofa originated in Nanyang, and its main products are canned food, sugar, rubber and palm oil.
There is one store selling these products in Shanxi Province.
Shanxi merchants are indeed in dire straits."
Chen Zhongkang's well-founded rebuttal immediately left the other person speechless.
Shanxi merchants are indeed in a desperate situation. In the past, Shanxi merchants could make a fortune mainly through smuggling.
Now that the empire has taken over all the areas in northern Mongolia, all goods can pass freely, and the basis for smuggling has been lost.
The big man on horseback immediately jumped off his horse and walked to Chen Zhongkang. He introduced himself: "I am from the Bahrain tribe. Of course, this is Bahrain County now, and my current name is Balang.
My father said that I should learn to be a good Han Chinese and sent me to the capital.
I just came to Financial Street today and am not very familiar with this place. I recognized Brother Zhongkang.
If I want Brother Zhongkang to take me, Balang will be very grateful.
If Brother Zhongkang is in need, I can help you introduce my father and brother."
When Chen Zhongkang heard Balang's promise, his eyes lit up.
Before, their family only served as a helper for the eight Shanxi merchant families. After the establishment of the new dynasty, their family was not confiscated and exterminated, but they were also fined a huge sum of money, and the family was on the verge of collapse.
The father stepped forward and started working as a street vendor, which allowed the Chen family to rise again.
He also had an impression of the Bahrain tribe, which was one of several Mongolian tribes that chose to surrender to the empire before the war began.
The empire generally gives certain preferential treatment to such tribes who are aware of current affairs.
They cannot continue to hold the power of the tribe, but the property passed down from their ancestors will not be confiscated, and some people will join the army.
These tribes have been made into models by the empire, and they will be specially supported to develop several industries.
Bahrain's sheep are very famous. The quality of cashmere is extremely high, and it is a must-choice material for high-end woolen coats.
If Chen Zhongkang really gets through the procurement process of Bahrain wool, he will be able to establish a joint-stock company.
He will become a chess player on the stock exchange, not a pawn of buying and selling.
These people are called leeks by real chess players.
In the stock market, they are gamblers who enter the casino. Except for a small number of people who stop playing in time, they will win, and the rest will lose everything.
Because in the stock market, there are always myths of sudden wealth.
People who quit the game are unwilling to give up and will re-enter if they have some spare money. Newcomers will also come in one after another.
This is truly a leek, completely dazzled by the benefits.
Chen Zhongkang saw clearly that he must become a chess player in order to escape the fate of leek.
"Brother Barang, we were family friends before. I'll leave this little matter to Brother Zhongkang. I will definitely show you the most unique financial street in the empire.
People here can become rich overnight, or they can fall from millionaires to abject poverty overnight."
Balang smiled when he heard Chen Zhongkang agreed.
The merchants who went to buy wool from them said that if the wool factory was listed, it would bring in at least millions of taels of silver coins.
This huge amount of silver coins immediately stunned Abba.
Even if the Bahrain tribe plundered the Han people for a hundred years, they could not save even one million taels of silver coins.
Just a wool mill with 50,000 sheep could bring millions of taels of silver coins once it goes public, which is a ten-fold increase in assets.
Their tribe has hundreds of thousands of sheep, which is a big business worth tens of millions of taels of silver.
No one in Bahrain County understands the business of listing, and they are afraid of encountering scammers.
Abba sent Balang to learn more about the stock market and other new things.
Barron lingered outside the stock exchange for several days, unable to integrate into this group.
He was very anxious and couldn't figure out the situation. When he returned home, his father let him go.
The people of the tribe will not let him go. If the tribe misses a big business worth tens of millions of taels of silver coins, he will not be able to save his legs.
Until Barang saw an acquaintance from his youth.
As a teenager at that time, he led his tribe's warriors to personally greet Shanxi merchants coming from the south to prevent their tribe's products from being robbed by other tribes.
Whenever Shanxi merchants arrive, it is a day worth celebrating for the tribe, and he has a deep memory of these Shanxi merchants.
Balang knows that if you want to make friends with others, you must be able to bring benefits to others.
This chapter is not over yet, please click on the next page to continue reading the exciting content! He showed his value, Chen Zhongkang was immediately pleasantly surprised, and several businessmen around him showed regretful expressions.
Chen Zhongkang pointed to the stock exchange in front of him and introduced: "The stock exchange opens at eight o'clock every day, closes at four o'clock in the evening, and is closed on holidays.
There is only one stock exchange in the empire, where a company can be listed. Everyone can buy its shares and hold them for a period of time before trading on the stock exchange.
The company is listed in the office building next to it, and stocks are mainly traded here.
Big customers have VIP rooms, and we, the little shrimps, can only trade in the lobby."
While Chen Zhongkang was speaking, a clear bronze sound sounded from the distant clock tower, which was chiming the hour.
The mahogany door of the stock exchange is being pushed open.
Guards with guns came out of the gate and stared at the passers-by with sharp eyes.
People lined up outside the door and entered the stock exchange in an orderly manner.
Balang followed Chen Zhongkang in line. He stumbled and asked: "Why are there guards with guns in front of the stock exchange?"
When Chen Zhongkang saw Balang's eyes dodge when he saw the firearm, he knew that Balang must have been stimulated and developed a fear of firearms.
He simply explained: "Most of the bank's business is less than one thousand taels of silver coins.
In order to ensure the safety of the bank, bank guards and employees are allowed to carry guns.
Opening an account at the stock exchange requires one thousand taels of silver coins, and sometimes the amount of stocks traded can reach tens of thousands of taels of silver coins.
Any trading place involving such amounts of money must have armed guards to intimidate Xiaoxiao."
Balang listened to Chen Zhongkang's story. He was really loud and couldn't believe it.
He stared and asked again: "The threshold for opening an account on the stock exchange is as high as one thousand taels of silver coins, and a transaction here can even be as high as tens of thousands of taels."
Chen Zhongkang said with some nostalgia: "In order to raise funds to build cars, Longchang Automobile Factory chose to go public.
One share of Longqi's stock now costs as much as 500 taels of silver coins.
I saw a businessman selling 600 shares of Longqi Motor yesterday.
Even after deducting the 10% transaction tax, he earned more than 200,000 taels of silver coins."
Balang was shocked, but he accepted the incident quickly.
Their wool factory is worth millions of silver coins, and an industry like automobiles will definitely be worth more.
They walked through the glass revolving door and approached the hall of the stock exchange.
There is a huge glass frame in front of the hall, and staff are constantly placing cards in the glass frame.
Bahrain looked at the content above.
[Buy one hundred shares of Longchanghao Automobile Factory, five hundred taels of silver coins per share]
[Sold 800 shares of Kexin Food Factory, fifty-eight taels of silver coins per share]
There are hundreds of cards in the glass window, which are information about buying or selling stocks.
Chen Zhongkang introduced: "For these buying or selling information, as long as you have stocks or money in your hands.
If you take out the card from the glass window, it will be regarded as the same transaction, and the staff will arrange the transaction between the two parties.
Due to the existence of transaction tax, no one will falsely report the purchase price and increase the value of the stock.
The consequence of doing this is that you will lose money, and most of the profits earned will be taxed.
I’m going to buy stocks today, so I’ll show you the stock trading process.”
After Chen Zhongkang finished speaking, he immediately filled out the card.
He wanted to buy shares of Longchang Automobile. He offered five hundred and one taels of silver coins per share, which was one tael higher than the current bidder. He wanted to buy a hundred shares in total.
After Chen Zhongkang made his bid, someone soon came to conduct stock transactions with him under the guidance of the staff.
Chen Zhongkang took out the banknote and handed it to the bank to verify its authenticity.
The buyer takes out the stock and lets the trader verify its authenticity.
The trader took out the brochure and checked the numbers on the stocks with the identity of the stock owner.
After he checked it, he explained that the situation was correct.
Chen Zhongkang immediately handed the silver note and scattered silver coins to the seller.
The seller pays the tax on the spot to the tax commissioner and takes away the money he deserves.
When Barang saw the stock trader, he took out a new booklet, recorded the numbers and owners of the stocks, and then handed the stock certificate to Chen Zhongkang.
After the transaction was completed, Chen Zhongkang collected the stock certificate in his hand.
Barang then asked curiously: "Brother Zhongkang, why are stock transactions so complicated?"
Chen Zhongkang said with a smile: "It must be complicated to ensure the authenticity of the transaction process.
After purchasing a stock, it cannot be traded within half a month.
This is for archiving stock transaction information.
Unless the owner dies or is seriously ill, stocks can be entrusted to relatives, friends and lawyers to trade on his behalf.
This kind of transaction will be strictly supervised and the situation of both parties to the transaction will be reviewed.
Under normal circumstances, the stock owner must trade in person.
After all, stocks not only involve money, but also the power of the joint-stock company.
All joint-stock companies in the empire exercise power according to the number of shares.
As long as the stock share exceeds one-half, major issues can be decided.
As long as the shareholding exceeds two-thirds, any resolution can be passed, including amending the company's rules and regulations.
To put it simply, as long as you hold more than one-half of the shares and don't make any fuss, you are the owner of this company.
If you control two-thirds of the shares, even if you cause outrage and make the company bankrupt, that's all up to you."
After hearing this, Barang said in shock: "When a company goes public, it means sharing the power of the company.
Once the share of other people's shares exceeds that of the company's original owner, it is equivalent to the company changing hands."
Chen Zhongkang nodded and said: "Brother Balang has a very flexible mind. This is indeed the case.
When a company is demutualized, it means dividing the company into shares.
Companies that originally had to be invested by large business groups can be invested by leeks like us.
As long as the original owner of the company controls a certain number of shares, the company will not change owners.
After all, it is much easier to deal with a large number of retail investors than to deal with large business groups.
If there really is a fool who dumps a large number of shares at once, once it is targeted by a large business group, the company will probably change hands."
Barron basically understood the situation of joint-stock companies and stock exchanges.
If their tribe's wool factory wants to be listed on the market, they must find professional talent planning so that they can still control the wool factory in their own hands.
Otherwise, this wool factory, which can continuously bring in income, is likely to become someone else's bag.
Balang is not familiar with Chen Zhongkang yet and is not suitable to discuss this matter.
He looked at the stock price of Longchang Automobile and asked curiously: "Brother Zhongkang, I see that other people are not optimistic about Longchang Automobile.
They said that the Longchang Automobile stock traded yesterday was a shill hired by Longchang.
Now that the stock price of Longchang Automobile has dropped, Brother Zhongkang has lost hundreds of taels of silver coins in just a few dozen minutes.
Once you choose to sell stocks, you will also lose 10% in taxes.
The stock market is really dangerous, and if you are not careful, you will lose everything."
Chen Zhongkang has spent all his savings to buy Longchang Automobile.
He looked at the people busy around him and smiled disdainfully.
He doesn't have the money to buy any more stocks, so he doesn't care that his analysis is heard by others.
But he still whispered: "The empire has captured Persia. This good news has been publicized for a long time, and newspapers have begun to introduce the heroes of this war.
Longchang Automobile is in decline, not because Longchang Automobile is bad, but because of the oil shortage that is now happening across the empire.
Even if you are a millionaire, you cannot buy diesel for civilian use.
A large amount of oil in the empire is supplied to the military and engineering teams.
Once a large oil field does occur in Persia, the problem of oil shortage can be solved.
Longchang Automobile's stock price will inevitably rise sharply, and I predict it will double.
Just as I expected, I made a lot of money this time.
Even if the prediction is wrong, I will not lose too much if I hold Longchang Automobile for a long time."
Chen Zhongkang acted decisively based on his own judgment.
Mainly because he found some clues.
Some large business groups are secretly hoarding stocks of gas-consuming companies.
Chen Zhongkang was not well-informed. He believed that these large business groups must have extraordinary information channels.