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Chapter 907: Speculation (Second update)

 It was more than three months of the eighth year of Xining when the ship arrived in Hangzhou.

After leaving Fujian from Xianxia Ridge and returning the same way, the two husbands of the Zhang family no longer had the freshness they felt when they arrived.

Zhang Yue happened to strictly urge them to read and read on the boat.

Since he became an official, he has always lived a simple life and practiced self-cultivation every day. Now that he has free time, he also encourages his disciples.

When he arrived in Hangzhou, Zhang Gen begged him to go on a trip, and Zhang Yue agreed.

Zhang Yue also decided to rest for a day in Hangzhou. He learned that his teacher Chen Xiang had changed from knowing Hangzhou to knowing Chenzhou.

Zhang Yue asked his two sons to play, and he learned that Chen Xiang had promoted cotton cultivation near Hangzhou before leaving.

Suzhou, Xiuzhou, and Hangzhou now have hundreds of acres of farmland that have been converted into rice and cotton.

Land in Jiangnan is expensive, so it is difficult to change a large area at once, so I can only buy some first. Zhang Yue is not satisfied with the speed, so he can only do it step by step. After all, this is a good start.

In addition to the cotton fields, Zhang Yue also made a trip to the Hangzhou Citation Office. Zhang Yue did not come to the Hangzhou Citation Office last time, but he kept hearing stories about it along the way, so he came to take a look.

If you had not come to the Hangzhou Exchange, you would not have known it. But after you came, Zhang Yue knew that the daily trading volume of the Hangzhou Exchange was not inferior to that of the Bianjing Exchange.

The daily trading volume on the Stock Exchange even reached an astonishing figure of seven million bonds on one day.

Zhang Yue was shocked when he heard this. It turned out that he had heard that in the Hangzhou Stock Exchange, the imperial court only held 30% of the shares, which was the lowest among all the stock exchanges in the world.

In fact, more than 50% of the shares are held by large private chambers of commerce, including those from Hangzhou and many from Jiaoyin shops from Bianjing.

Zhang Yue entered the Hangzhou Exchange, but heard a lot of people shouting.

The exchange is a place where only big bankers can enter. However, after many years, the big bankers will not leave the market in person. They all entrust someone to do the trading, but there are also bankers who enter in person.

This place can accommodate two to three hundred people sitting together. Everyone looked nervous and looked at the host with concern.

As for Zhang Yue, although he could see the trading board and moderator outside the exchange, these people were retail investors with less than 1,000 yuan, so they were not qualified to enter and could only watch what they were doing from the outside.

Whether the price you bought has gone up or down.

Zhang Yue looked at the scene and suddenly had a complex emotion. This was due to the mechanism and world he created.

It was he who created everything here with his own hands.

He didn't know whether this move was a blessing or a curse. He felt that a new creature had been released.

Every once in a while in this exchange, there are legends about someone getting rich overnight, or someone going bankrupt overnight. However, most people have lost money, but even so, they still can't stop people from pouring into this place.

of enthusiasm.

Many Shengdou people lived frugally every day, spending a few coins to buy and sell in it, dreaming of getting rich soon, and even borrowed money from the court's young crops and money from the market for speculation.

Many people have been sued because of this, but it cannot stop more people from flooding into the market.

At this moment, he was among them, feeling the enthusiasm of these people.

At this time, a Ya man walked up to Zhang Yue and held a plate and said: "This high-ranking official, do you know whether to buy salt banknotes or money?"

Zhang Yue said: "I can buy it at the counter, why bother here?"

The other party smiled and said: "I don't know what high-ranking officials know. I am a toothsmith in this office. This is my toothpaste. You can buy it from me at the same price as you can buy it over the counter."

Zhang Yue once again marveled at the business wisdom of local merchants, from taking the initiative to register at the counter to selling at the end of the day.

Zhang Yue immediately said: "Okay, how about the salt banknotes and money coins?"

"Salt banknotes are worth 375 cents each for Wu Guan and 371 cents for Qian Yin, plus two cents for handling fee. If you sell more, you may save some money."

Zhang Yue thought to himself that this was a large transaction and he could save on handling fees.

He immediately took out three salt bills and put them on the plate and said: "Convert these into money coins."

Yaren was overjoyed when he saw the business coming to his door and said, "Then I'll charge you a handling fee."

Soon Yaren took a wad of money and handed it to Zhang Yue.

Zhang Yue lamented that banknotes are convenient. In the past, the feeling of stringing copper coins on the waistband with an iron wire to buy things was really bad.

What does it mean to be rich? You are an elephant, and you can't get rich.

Yaren made a big deal and happily said: "Sir, you are really discerning. I heard that Zhang Gong vigorously promoted the method of Qian Yin during his reign. Previously, he urged the emperor to buy back Qian Yin, but Qian Yin Cong couldn't get it.

One hundred Wen has risen to more than 500 Wen. Although it has dropped to more than 300 Wen now, it will definitely rise back when he resumes his official position and returns to Beijing. We are all optimistic about this."

Zhang Yue was surprised when he heard this. A little fan actually deduced the rise and fall of Qian Yin from the news of his return to Beijing.

And how should I put it? I really have this plan. Qian Yin is consistent. Before, it was worth less than a hundred yuan. I plan to promote the appreciation of Qian Yin to solve the problem of money shortage among the people.

If Qianyin truly achieves currency value stability, it will also be of great benefit to private commercial circulation.

The prosperity of the Southern Song Dynasty was due to paper money.

This is really interesting.

Zhang Yue said: "It's amazing that you, a Chinese native, can know Duke Zhang's intention to return to the court. I admire you."

Yaren said with a smile: "What's so great about it? Look at this exchange office and me. Isn't it because of Zhang Gong's advice that we have a bite to eat?"

After saying that, the other party smiled.

Zhang Yue looked at all this with some thought. At this time, a person next to him shouted: "It's gone up, it's gone up!"

After saying that, the other party held his head and shouted: "I'm rich, I'm rich."

The people on the sidelines beside him also shouted excitedly: "It's gone up."

Zhang Yue walked out of the exchange office and looked back at this scene.

To be fair, his original intention of establishing the exchange was not for speculation, but many small people entered the market for this purpose, and did not even engage in production. They made a living solely by buying and selling money for salt imports, which really went against his original intention.

Liu Zuo, his classmate at that time, was killed because of this.

But now those who profit from it have become his supporters, which is not his original intention.

In fact, what Zhang Yue valued more was the interests of small traders, but he had a vague feeling that these people would move closer to him after Bianjing came to Beijing.

Although it was not unheard of in the past, and even Wu Anshi and others had introduced him many times, Zhang Yue was a very clear official, and they only had ordinary contacts, keeping a certain distance and unwilling to involve too much.

After Zhang Yue returned to the ship, he received a post. The post stated that he was a businessman and was willing to provide money to set up a cotton shop in Hangzhou. I wonder if Zhang Yue was interested.

Zhang Yue saw that this person's post contained Chen Xiang's famous name, and he knew that this person was also related to Chen Xiang.

Zhang Yue thought to himself that before he arrived in Bianjing, someone would come to his door.

Zhang Yue immediately invited this person to meet him on the boat.


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