Before Dong Shuheng arrived in Shanghai, the city of Shanghai began to boil, not because of Dong Shuheng's arrival, but because China finally had its own capital market.
First, China's railway bonds began to be issued. This bond totaled 30 million silver dollars, with an annual interest rate of 5%, and the principal and interest would be repaid after five years.
This is a bond based on China's national credit, and is collateralized by the railway to be built.
The Railway Bureau of the Ministry of Transport, as the execution entity of this bond, will execute this treasury bond. The bond has been publicly sold at Yangtze River Bank.
Unexpectedly, people who bought railroad bonds were flocking to it.
Chinese newspapers have exaggerated the purchase of railway bonds as a patriotic act. Railways can make China stronger, which is already a consensus. Of course, many people value the profits of railways more, knowing that this bond is a guaranteed profit.
Jiangbei's railway loop line has been running for a year. Its annual report published in the newspaper shows that its annual net profit has reached several million silver dollars. The total length of Jiangbei Railway is 1,700 kilometers, and its total investment is also
There are only more than 20 million silver dollars.
So everyone has great confidence in railways. However, China's railways are all state-owned, and private individuals can only invest in branch railways, and they must be integrated into the unified operation of the country.
The policy of state-owned railways was established after the founding of China. Not only railways, but also electric power will be state-owned in the future.
This is China's basic national policy. Projects related to the national economy and lifeblood must be in the hands of the state.
But the sudden appearance of railway bonds now allows everyone to see a good investment direction.
At least in the eyes of those big businessmen, Huaxia's credit is still guaranteed. At least the profits of several large companies in China's hands are not small figures.
Moreover, the newly established Chinese regime is now in a stage of prosperity.
So once this bond was issued, a large number of wealthy people lined up to buy it.
In everyone's opinion, buying bonds not only allows you to get interest, but also makes your property safer.
Of course, not everyone thinks so, some people still want to use their money to open factories and mines, which will be more profitable.
Most of the people who buy bonds are enlightened gentry. They don't want to do business, and they don't want to bury their money in the cellar to get moldy. So it is better to buy bonds.
If the Manchus issued bonds, no one would necessarily buy them. Everyone was willing to believe in the Chinese government because the Renaissance Army's rule in the Liangjiang region in the past two years had established its own credibility.
China has attached great importance to contracts since the Huai Haijun period, and has specially formulated laws to protect contracts, which have been implemented to this day.
This is how credit is built up over and over again. Perhaps just one breach of contract can ruin all credit.
The second sensational thing is that Shanghai is preparing to issue shares publicly. Many people have never heard of what stocks are.
It doesn't matter if you haven't heard of it, newspapers are full of articles about stocks, and people are discussing it in teahouses every day.
The Chinese teahouse culture continued after the fall of the Manchu Qing Dynasty.
This is an important place for people to relax and hang out with friends.
The teahouses in Shanghai are different from those in Xinjing.
In the teahouses of Xinjing, people like to discuss major political events. One moment is that the president went to Beihaizi today to visit students, the other moment is the Renaissance Army defeating the Rakshasa ghosts in the north, and the next moment is the discussion about which provincial officials are going to Beijing to report on their work.
.
People here regard themselves as cabinet counselors. Hey! They are actually enjoying themselves.
The teahouses in Shanghai are different. People here are more likely to discuss business topics, and the teahouses in Shanghai have a stronger foreign flavor. The walls are painted white, the floors are paved with tiles, and there are also hanging tiles on the roof.
Western chandelier.
Unlike Xinjing where the interiors are all made of logs and painted with vermilion paint, they are antique, rich and simple.
"Zhang Yuanwai, have you heard? We are going to open a stock exchange in Shanghai."
"That's the place where stocks are traded."
Two fat middle-aged men in fancy clothes were chatting while sipping tea.
"You said this stock is just a piece of paper. Is this thing reliable?"
"Exceptor Tao, you don't understand this! The house deeds and land deeds in your home are also made of paper. You won't throw them away."
"And the railway bond is also a piece of paper, and there are many people rushing to buy it. Those gentry usually look very poor. But I heard that during the few days when the national debt was sold, many people asked the bank to come to
I need to get some money to exchange at home."
"I heard that treasury bonds are also negotiable. They can be used without maturing. Of course, it is more cost-effective to collect interest upon maturity."
"Let's talk about this stock. I heard that foreigners have been playing it for hundreds of years. If they get involved, can we beat them?"
"Don't you think the government won't take this matter into consideration? You have to know that the person at the top of our list is a Western expert!" Lao Tao pointed to the sky and said.
"If people spend money to play stocks, can't we not let them play?" Lao Zhang said.
"It's okay to play, but they have to deposit money in Huaxia's bank account first. To put it bluntly, the money doesn't go into our Huaxia's pockets."
"Besides, what tricks are they trying to play? We ordinary people don't know how to deal with it. There are people in the government's hands. Among other things, Hu Guangyong from the Ministry of Finance is an outstanding individual. That is the pride of us Zhejiang people!" Lao Tao was a little proud.
said.
"Look at you, the president is from Yangzhou!" Lao Zhang interrupted him.
"To get down to business, I heard that the first fifteen companies that have been approved for public offerings are all big companies with good backgrounds."
"Which stock do you think is better? I heard that the stock is linked to the company's performance. The better the performance, the more valuable the stock is."
"It can be said that, but the trading price of a stock sometimes completely depends on whether the buyer is willing to bid. If some people deliberately pay a high price to buy the stock, they will drive the price up."
"However, our Chinese government has legal supervision and does not allow malicious speculation. There is not a "Securities Law", but another law. It seems that I will go to the bookstore to buy a few books when I have time.
look."
"Just tell me which company to buy from?" Lao Zhang said impatiently.
"I think the state-owned Alaska Mining Company is good. Many people are not optimistic about its stock because they don't understand the company. Although generally speaking, its business is to develop Alaska. But it is divided into many parts. For example, Yukon
Gold exploration and mining in river basins.”
As he spoke, Lao Tao leaned his head over and whispered, "I'm telling you, you can't talk about it outside."
The best way to make a message spread faster is to tell others the news and then ask them not to spread it.
"The third son of my third aunt's second uncle's family is in the Beihai Navy. He has been to that place in Alaska. It is really a treasure land. Although that place is in the Great North, the southern part of it by the sea is not as expected.
It's so cold, but the vegetation is very dense, and farmland can be developed." Lao Tao continued.
"The most important thing is not these. Their navy organized an exploration team to go to the inland areas. Guess what they picked up?"
"What is it? Lao Tao, please tell me quickly and stop showing off!" Lao Zhang asked anxiously.
"It's nugget gold. It's several kilograms of nugget gold. And it's not just one piece. I asked people who know how to prospect for it. Most of the reasons why this happens is because there are large gold mines in the local area."
"You said that if there is a gold mine, then the company's assets will definitely increase explosively. So according to the introduction in the newspaper, this stock is not going to rise all the time."
Dong Shuheng doesn't know how to trade stocks, and he doesn't know much about stocks.
He is the kind of person who is not even qualified to cook leeks, but it doesn't stop him from developing stocks.
Because this is not his invention, the European stock exchange market has already matured.
The London Stock Exchange is no longer housed in a private tavern. Instead, it has a mature venue with tens of thousands of stock types traded.
Hu Guangyong had already thoroughly studied the stock operating procedures on behalf of Dong Shuheng.
Once you dig into anything and study it, you can figure out its secrets.
He was not the only one. Huaihai Academy specially hired some Dutch financial experts to offer a niche securities trading course.
If you are born in this great era, you must learn to use doctrine.
These businessmen in Jiangsu and Zhejiang originally knew nothing about it, but they were able to master this thing just by reading some introductions in newspapers.
Just like some aunts in later generations, their knowledge may not be much better than those of the ancients, but they still dominate the stock market and become a benchmark in the securities market.
Even the best among them dare to go to Wall Street.
So Dong Shuheng doesn't think there are many strong methods here. Everything has its own routine.
When designing China's securities trading rules, Hu Guangyong and others specifically opened a backdoor for the government to intervene in the stock market.
Of course, most people don't notice this.
Since the stock exchange is opened in Shanghai, foreign funds will definitely enter this market.
Dong Shuheng didn't mind the entry of these foreign capital into China's market, but China had to be on guard against these people from the beginning.
Therefore, Huaxia’s trading rules stipulate that you must open an account in Huaxia’s bank account.
At that time, if there is a big fluctuation in the market, Huaxia investigators can monitor these suspicious accounts through the previous backdoor.
Not only among businessmen, as the news spread in newspapers, even people began to discuss national bonds and stocks.
The fact that a piece of paper can be exchanged for money is simply a fantasy to ordinary people.
Zhang Xiao and Nizi have been living in Shanghai for a while. They are no longer the simple and simple rural children they once were.
Zhang Xiao still goes to work in the printing factory conscientiously every day. Now the business of the printing factory is very good.
China has just been unified and is promoting and establishing its own teaching system across the country. Unified teaching must first unify teaching materials. And so many teaching materials have to be printed from printing plants.
As an important printing industry base in China, Shanghai has a large concentration of printing factories like the Gaoyou area.
Every day, thousands of books are produced from printing plants and then shipped to all parts of the country.
So recently Zhang Xiao often works overtime until late at night before going home, but he gets a lot of overtime wages.
During this period, Zhang Xiao's salary was almost twice the usual amount.
Nizi also found a job. She entered a cotton factory built by Zhejiang people.
Recently, she has often participated in the activities of the Women's Federation and gained a lot of experience.
Anyway, Zhang Xiao usually comes back very late. After Nizi gets home, she usually goes to the night literacy class organized by the Street Women's Federation to listen to the lectures of the female teacher there.
At night, the couple would get together briefly and talk about their experiences.
"Nizi, people outside are talking about stocks and treasury bonds recently. I heard that they can make money. Many foreigners got rich overnight by buying stocks."
"Husband, you'd better stop dreaming. I've heard it from the teacher at night school a long time ago. She told us not to touch stocks. And we are not qualified to buy stocks at all."
"People have said that if you want to go to the exchange to buy stocks, you have to check the assets in your account. Only those with a deposit of more than 1,000 yuan can open a stock account. As far as our salary is concerned, we should give up on this.
Just deposit your salary in the bank and get some interest."
When Zhang Xiao was told by his wife, he felt embarrassed. He found that his wife seemed to have more knowledge than him.
My wife has indeed changed a lot in recent times. She is busy working every day and has limited channels for obtaining information. However, my wife's side works normal shifts, with people and machines constantly shutting down.
The work in the cotton mill requires people to be attentive. Therefore, fatigue is generally not allowed to work. The factories in China are not as dark as in history.
Huaihai Company has had relevant labor security systems for workers since its establishment.
Nizi's cotton mill employs female workers. Although their wages are lower than those of male workers, these women are also protected by the Women's Federation.
Although the Women's Federation does not have much power, all factories in China know that these female officials of the Women's Federation are very difficult to deal with.
Many of them are the family members of officials, and the mere gossip is enough for these factories.
Fortunately, the Women's Federation is not doing too much, and the factory will not harm the rights and interests of female workers.
One does the work and the other pays the wages. Women's wages are lower and they can do better than men in many positions.
Therefore, even if the Women's Federation is present, many yarn mills and textile factories like to use female workers. The Women's Federation is also allowed to send observers to the factories.
What the factory means is that as long as the Women's Federation is okay and they can increase wages, it will be fine.
Zhang Xiao knew that Nizi often participated in the activities of the Women's Federation. However, he did not expect Nizi to gain so much experience in the Women's Federation.
However, Zhang Xiaoke will not be jealous of his wife. She is knowledgeable, and he, as a husband, is also proud of her.
Moreover, the wife has made many friends in the Women's Federation, and she will be able to find people to help her with whatever happens at home in the future.
Zhang Xiao himself is a boring gourd, so he will keep his head down and work.
Zhang Xiao also knows himself that when it comes to interpersonal relationships, he is not good at it.
Now the wife can establish certain interpersonal relationships in Shanghai on her behalf, laying a foundation for the young couple to establish interpersonal relationships in Shanghai in the future.
"Husband, I heard something from the Women's Federation, and it was confirmed by the factory. Our president issued a decree." The wife was a little shy at this point and did not continue.
"What law? Nizi, you are so powerful now, you know more than your husband." Zhang Xiaozhui asked.
Young couples from rural areas don't know how to talk about love, and the things they talk about before going to bed are straightforward.
Zhang Xiao was very surprised why his wife suddenly became so coquettish.
Under the covers, Zhang Xiaodu could feel his wife's body temperature rising.
"Husband, the eldest sister of the Women's Federation said that the president's new decree states that women can take maternity leave for several months after giving birth. When the time comes to give birth at home, they can still receive wages."
"Yeah, it's such a good thing!"
"Daughter-in-law, when you give birth to a baby, we can ask my mother to come and help take care of it for a while, or let my eldest sister come and take care of it for a while. When the baby is three years old, he can be sent to a nursery."
Maternity leave should not have appeared in this era. Dong Shuheng did not consider women's rights when setting up maternity leave.
This system is just an extension of China’s policy of encouraging childbirth.
Dong Shuheng now only hates that the population in West China is not large enough. It is becoming increasingly difficult to immigrate to remote areas.
If China had not introduced a forced relocation household registration policy, the third and fourth sons of those families with many children could be forcibly resettled in other places.
Otherwise, as the place becomes more stable and the people have enough to eat, who would be willing to take the initiative to move to a place they are unfamiliar with?
"I understand, madam, let's have a baby!" Xiao Zhang realized after realizing it.
His wife's body had already given him a hint, but it was a pity that it took him so long to realize it.