The project in Guangzhou can be solved through stock raising and bond issuance. This has been approved by the executive committee. Cheng Dong himself is also very supportive of this - a large number of people with financial backgrounds in Caijinkou have always wanted to do it because they do not have professional counterparts.
Dissatisfied and depressed. With the Big World project, in the future we can retreat to the stock market and draw blood from Guangzhou continuously.
However, the Executive Committee has some concerns about whether the establishment of a joint-stock system will cause the loss of corporate rights and interests. Although *** Shipping and Runshitang Pharmaceutical are both joint-stock companies open to indigenous people, the source of private equity still comes from "within the system."
" are naturalized citizens and collaborators. The Guangzhou Great World project is entirely a public offering. The sources of shareholders are complex, and some people have great concerns about whether open offering will involve future interests and hinder social transformation.
"When we officially rule Guangdong, we will inevitably carry out a major purge of the original gentry class, completely annihilating it from body to spirit! But now this kind of stock offering is essentially selling them a gold medal to avoid death." Du Wen said at the meeting
Fiercely criticizing this, "I find it strange that our system, which is based on a planned economy, would engage in such crooked ways of capitalism..."
Qian Shuiting banged the hammer: "Please focus your speech on the topic and do not involve irrelevant content."
Although Du Wen is not popular in the Senate on weekdays, her words touched the hearts of many senators. There are many senators who believe that they should not be too closely associated with the vested interest groups of the Ming Dynasty.
For this reason, Chen Ce, director of the Policy Department of Delong Bank, came out to defend the case of the Chief Financial Officer Department. In fact, he was not only the director of the policy department of the bank, but also the head of the policy planning department of the entire Financial Supervisory Department.
"I would like to remind you fellow veterans that whether it is a public offering or the issuance of corporate bonds, they are essentially 'providing financial services for the development of enterprises.' I think you will understand the meaning of my words." Chen
Ce said calmly, "Want to control the board of directors by buying stocks, and ultimately gain a say or even control over a company? This kind of thing can only happen in what Mr. Du calls decadent capitalist countries. It has never happened in the old time and space.
, of course it won’t happen in this time and space. We are the major shareholders after all.”
Some of the elders and elders had expressions of "sudden realization" on their faces. Some people didn't quite understand and were still waiting for him to continue.
"Big companies, big companies don't have to pay dividends," Chen Ce began to explain more clearly, "Besides, we can set up a separate holding company to issue stocks. Why, you never read the financial edition in the old time and space?"
However, Chen Ce's concept is not entirely feasible. Gaining profits through speculation will inevitably require a relatively standardized stock trading market. However, there are currently no conditions for establishing a stock market in Guangdong. The Planning Institute and the Ministry of Finance do not agree.
Immediately promote these financial methods of this time and space. People in the Ming Dynasty have a good concept of shares, but they are not as profound as making money by buying and selling stocks. Their only concept of investing in shares is to pay dividends when they make money. I am afraid that the big world project will also
It is difficult to say that you are losing money all day long.
After repeated discussions, the leaders of Wudaokou Tea House reached a consensus: instead of engaging in the stock market for the time being, the Great World Project could raise shares from the public and issue corporate bonds at the same time - with the issuance of corporate bonds as the main source of funds.
In order to obtain the working capital to start construction as soon as possible, Guo Yi started working immediately after receiving the formal approval. He and Meng Xian discussed how to actually operate the matter.
"Okay, first tell me how much you want, and how much it will cost now." Meng Xian touched his chin - his beard had been shaved long ago because he didn't look like a gentleman.
It was gone, but he still kept this action unconsciously.
"You know exactly how much money I have." Guo Yi said dissatisfied. According to financial regulations, all capital flows at Guangzhou Station are now from the account of Delong Guangzhou Branch.
"It's different. Although I know your accounts clearly, that's the money for the entire Guangzhou station, not the investment in the Big World project - this money can't be mixed."
"The allocation given to me by Cheng Dong is 35,000 taels. It is all the property and personal compensation given to us by Guangdong." Guo Yi whispered, "This money is now allocated to the Great World Project Team."
But in addition to using the money for the Big World project, it also has to pay for various repair costs to reopen Zizihao. This money adds up to tens of thousands of silver. The money left for the Big World project is
More than twenty thousand taels.
"Twenty thousand taels is not too small," Meng Xian commented.
It’s not a small amount, but it’s not too much in terms of the following expenses. The Planning Institute gave a rough estimate table. The entire Big World project, including the early building materials project, will take about seven days to complete, including all equipment and personnel.
Eighty thousand taels of silver.
Meng Xian said: "We will calculate based on the amount of 100,000 taels. It is right to raise more."
With the operating capabilities of Guangzhou Station, it is not a big problem to earn 80,000 taels. However, most of Guangzhou Station's income has to pay for a huge amount of imported goods. This is a plan that has been arranged by the Planning Institute and cannot be changed at will.
"I will set up an underwriting group." Meng Xian said, "Contact several big banks in the city to contract sales. In this way, you can get 80,000 taels of silver immediately - you don't have to count small coins every day and wait to collect the money.
We're all here." He looked around, "Besides, you don't look very professional selling stocks and bonds in a store."
There are two types of securities issued. One is the stock of the Great World Project. Each share of Kuping Silver is seven cents and two cents, which is equivalent to one yuan of tradable coupons. There is no agreement on the stock income. Dividends are distributed on a share basis every year based on the operation and profit status of the Guangzhou Great World Project.
. If the management is not good, the points will be divided or the points will be less. The other type is the bonds of the Great World Project. Each bond is also 7 cents and 2 cents. The bond has a term of three years and an annual interest of 2 cents. Compound interest is not included and the principal and interest are paid in one lump sum upon maturity.
.
All stocks and bonds are anonymous and not reported as lost. This is equivalent to recognizing that stocks and bonds can be transferred privately. To prepare for the establishment of stock and bond markets in the future - the European stock market was originally bought between private parties in coffee shops.
Just for sale.
So the Guangzhou Branch took the lead and contacted six other large banks in Guangzhou to amortize the stocks and bonds of the 100,000 taels. Meng Xian was the first to subscribe for 20,000 taels. The financial resources of the Zizihao and the Australians
Due to his strength and Meng Xian's unhesitating subscription, all the banks quickly amortized the one hundred thousand taels without hesitation.
The news that Zizihao raised shares through the bank immediately caused a great sensation among the officials. Who didn't know that Guo Dongzhu's property was making a lot of money every day, and many people were struggling to save their private money in Zizihao's cabinet. Now actually
There are shares to buy! Buying shares is equivalent to raising a goose that can lay golden eggs! Officials from top to bottom are eager to see the money they have accumulated for many years.
Officials were so enthusiastic that ordinary people were naturally not to be left behind. The wealthy gentry who usually had connections with the government were well-informed and got the news. They sent people to the underwriting bank to say hello in advance and reserve the number of purchases. However,
Meng Xian engaged in starvation sales this time, tightly grasping the formality of subscription letters, and only gave each underwriting partner half of the number of subscription letters to underwrite. The remaining amount was prepared for public sale.
One thing that is obvious is that a black market for subscription books was immediately formed. A subscription book that can buy 500 shares only costs 100 yuan "cost" at Delong Guangzhou Branch, but on the black market, the price changes from 200 yuan to 1 yuan.
, five cents, one tael, and finally the price was even fifty taels. In anyone's opinion, this price is crazy enough.
"It seems that greed and speculation are unavoidable in any time and space." Meng Xian couldn't help but sigh when he heard the news that the subscription book was being speculated.
Officials and big business owners are so enthusiastic, and ordinary people are not far behind. Each share of stocks and bonds only costs seven yuan and two cents, and middle-class people can afford them. The various wealth myths of purple brands are also seen by ordinary people in Guangzhou.
, this time they could benefit from it, and they were not willing to miss it, so they rushed to the bank one after another - even if they bought five shares and ten shares.
It only took four or five days for the underwriting group's quota of 100,000 taels of silver to be sold out. In fact, if Meng Xian and Guo Yi hadn't intended to allow Shengdou Xiaomin and middle-class families to purchase some of the securities, it would have been just local
The big government and gentry households can buy up all the quotas.
"We can definitely distribute 200,000 taels..." Zhang Yikun, the person in charge of Big World, smiled from ear to ear. Once the free money was obtained, the project could be launched on a large scale.
"Why are you so anxious? This city of Guangzhou can be called a black hole of silver. Two hundred thousand taels is nothing - there is an unknown amount of silver hidden in the corners of the walls of the wealthy old men. We have to find a way to dig up all their money and use it.
.” Meng Xian said, “This time it’s just the first phase, and we will sell the second and third phases in the future.”
Zhang Yikun nodded repeatedly: "This is the best. If you sell it continuously, it will be fun to use other people's money." He thought for a while and said, "We should sell more stocks and less bonds. We can't escape the two cents interest on bonds every year."
Anyway, when the stock is said to be poorly managed, it will just stop paying dividends. Anyway, the shareholders won’t be able to check the annual performance report or anything like that.”
Meng Xian said: "The stock market is ruined by your thinking. You are all pigs as shareholders, and you have to kill pigs and bleed them all day long, and you have to come in? In my opinion, it will be more or less necessary in the first five or six years."
Pay dividends and build up your credit first! Even if you make no money or lose money, you have to pay dividends! Only in this way can you sell the second and third phases of your stocks for other projects in the future!"