The Ming Dynasty’s Prodigal Son - Chapter 1304

[1304. Chapter 1240 Major benefits]

After talking about the Russians, Emperor Hongzhi breathed a sigh of relief.

He looked at Fang Jifan and smiled: “In Tongzhou, the railway is being built well and the stock price has risen again. I heard that many shareholders are now proposing to establish a shareholders’ bureau to specifically supervise the progress of the railway. To this, various ministries have raised objections. “Young master, I think this is very inappropriate. But I think…it’s not bad.”

Emperor Hongzhi smiled at Fang Jifan: “Qing family, what do you think of this?”

Fang Jifan felt that he had become Yuan Fang. Why do you ask me every time?

He paused and said: “Your Majesty is extremely wise. If you think it is good, then of course it will never be better.”

Emperor Hongzhi was worried about the construction of the railway.

What this involves is the stock price.

And just like that, the palace is the major shareholder.

The imperial court naturally hopes that the railway matter will be supervised by the imperial court. This is understandable. The Ministry of Household Affairs is coveting the construction of the railway, and the Metropolitan Procuratorate has long wanted to send someone to check it out.

But…

private shareholders don’t agree.

They are not at ease and hope that the shareholders will organize a shareholders’ bureau on their own to investigate in person. After all, one is pretending to be someone else’s hand, and the other is doing it alone. The former makes people feel hesitant, but the latter will make them sleep more peacefully.

Fang Jifan smiled again: “Your Majesty, come to think of it, this must be Wang Bushi’s idea, right?”

Emperor Hongzhi couldn’t help but laugh.

Those merchants did not have the courage to seize the authority of the Ministry of Household Affairs and the Metropolitan Procuratorate, and they did not have such a high level to figure this matter out.

But Wang Bushi is different. Wang Bushi is one of the major shareholders, and this is a matter of vital interest to him. What’s more, he is a Hanlin bachelor himself and has a good theoretical level. This idea can only be proposed by him.

Emperor Hongzhi tapped the document gently with his finger: “What Wang Qing’s family said is not unreasonable. With so much money invested, the construction of this railway is no joke. If no one is watching, those Do people who have spent tens of thousands of taels of money to buy stocks feel safe? “

“The construction of this railway and even the operation of the railway in the future involve their vital interests. There is no one in the world better than these shareholders. They are more concerned about the railway. If they are allowed to monitor, if there is any problem, they will try their best to point it out and order correction. As for the Metropolitan Procuratorate and the Ministry of Revenue, what does the railway have to do with them? They come here to join in the fun. They always want to control everything and keep an eye on everything. They say they are all procurators. A few days ago, I denounced Qiu Xiu for journals. I don’t know what they mean. I’m going to accuse that censor. I personally called the emperor, took the journal, and asked him to read it, and asked him why he was so evil in asking for the journal? Guess what he said? He actually said that he couldn’t understand what was in the journal. , He can’t understand it, he only knows it, so what

can he say? “Emperor Hongzhi now has a deep resentment towards the Metropolitan Procuratorate. Although he felt that everything they said was reasonable, now…

it is hard to express it in a word.

Emperor Hongzhi squinted: “I think Wang Bushi’s idea of the shareholders’ bureau is very good. I would rather let the shareholders’ bureau interfere with the construction of the railway than let the Metropolitan Procuratorate come. What do they know? According to the rules, I am the major shareholder here, right?”

Fang Jifan felt ashamed and thought to himself, Your Majesty thinks the shareholders’ bureau is reasonable, isn’t it just because you are the major shareholder?

Fang Jifan nodded: “Yes, in terms of equity, His Majesty has the largest number of shares, followed by his sons and ministers, followed by Wang Bushi, and other large and small businessmen…”

Emperor Hongzhi said: “That’s it. Now, I, the Qing family, Wang Bushi, and the merchants who hold a larger share each have appointed personnel to establish a shareholder bureau. From now on, the construction and future operation of the railway construction will be decided by the amount of equity. I have recently studied the principles of railways, and I think I have quite a bit of knowledge about railways. I personally sent someone to supervise this, and I feel more at ease.”

Fang Jifan smiled awkwardly and said, “Your Majesty, are there other companies like Siyang Trading Company? He Xingfu Group will also follow the example of the railway and set up a shareholder bureau based on the shareholding to properly manage its operations.”

Emperor Hongzhi nodded and said, “I will ask the king not to serve, and I will issue another charter. That’s right .

, and Liu Wenshan, we must improve the rules of this joint-stock firm. After they have proper regulations, they will follow these rules. Only with rules will there be Fangyuan.”

Fang Jifan said with emotion: “Your Majesty is really a wise man. “

Emperor Hongzhi glared at Fang Jifan: “You have said so many things today, can you change your words?”

Fang Jifan said seriously: “Your Majesty, this is not a flattery, these are words from the bottom of your heart, Your Majesty. Your understanding of industry and commerce is unfathomable. Your Majesty proposed this idea, which is of great benefit to industry and commerce. Your Majesty, if you don’t believe it, just wait and see. Once this news comes out, all stock prices will rise. No. Those merchants who bought the stocks must be very happy and confident. If they want people to give out real money, isn’t it about giving people confidence?”

Emperor Hongzhi’s eyes lit up: “Can it still rise? “

Fang Jifan said resolutely: “Yes!”

Emperor Hongzhi nodded: “However, there is no word yet, so don’t let it out casually. There are bound to be variables, but you have to be careful.”

Fang Jifan said sternly. I obey the order.”

Emperor Hongzhi waved his hand and said, “Go.”

Wait for Fang Jifan to leave.

Emperor Hongzhi was thoughtful, and then he asked an eunuch: “What is the stock price of the railway now?”

There are people stationed in the securities hall in the palace, and the rise and fall of stock prices are reported almost every half hour, following Hongzhi. If you don’t even know this before the emperor, there is a high probability that he will soon be sent to eat sand in the desert just like Eunuch Xiao was treated by his majesty.

The eunuch immediately said: “Half an hour ago, the stock price of the Railway Bureau had reached three taels of silver per share; the stock price of Siyang Commercial Bank was now twenty taels of silver per share. I thought that the stock price of Siyang Commercial Bank might still rise. A rise. Oh, and there is the Xingfu Group. The Xingfu Group is only flat today, and it is still one or two cents.”

Emperor Hongzhi calculated in his mind: “I think the railway bureau has reached a high level, and it is difficult to have a big rise; Siyang Trading Company. …Hmm… Let’s take Xingfu Group. This is a new stock. Order people to invest money… No, release 500,000 shares of the Railway Bureau and Siyang Trading Company. Of course, don’t sell them all at once. It will cause turmoil. Slowly After that, we will look at how much money we have from the internal funds and try our best to buy the shares of Xingfu Group. Now the shares of Xingfu Group have been hovering, unable to go up or down. If there is no major benefit, , Come to think of it, it’s easier to buy, up to one or two or four coins, at this price, how much can you buy?”

The eunuch said in surprise: “Your Majesty, is this too risky?”

Emperor Hongzhi said calmly. Said: “My major benefits haven’t been released yet. Once they are released, these new stocks… will be scary if they rise. However, you must not reveal any rumors to the outside world. If there are any gossips outside, I will chop you up.

” The eunuch shuddered and said hurriedly: “I obey the order.”

Emperor Hongzhi breathed a sigh of relief.

The emperor is good, he can speculate as much as he wants, and whatever stock he wants to rise, that stock will rise.

…………

Fang Jifan came out of the palace, but he impatiently called Wang Jinyuan. When Wang Jinyuan heard the young master calling him, he dared not neglect and came over panting.

Fang Jifan stepped forward and tried to kick him: “You bitch, you’re coming so slowly.”

Wang Jinyuan said aggrievedly: “The villain came here non-stop from Xincheng.”

Fang Jifan said: “I have something for you to do. There are still people in Xishan now. How much money can be used?”

“About three million taels.”

Although Xishan is a big business, after all, most of it is in real estate stocks, undeveloped land, and countless workshops and materials. There is not much cash left.

Fang Jifan clasped his hands behind his back and said: “There may be major benefits recently, but Xingfu Group is a new stock. I think it is not very safe, so I first sold off all the shares of Xingfu Group. Of course, we must not sell them all at once. Slowly Slowly and gradually, after getting the funds, I put a lot of money on Siyang Trading Company and the Railway Bureau, and mobilized all the funds to buy as many stocks as there were on the market. “Wang Jinyuan

said in surprise: “Master…”

Fang Jifan rolled up his sleeves: “Why, you still dare to talk too much. Believe it or not, I will tear your mouth to pieces now.”

Wang Jinyuan shuddered and said hurriedly: “Don’t dare, don’t dare, what did the master say? That’s it, I’ll do it now. But I dare to ask the young master what the major benefits are.”

Fang Jifan said with a smile, “I won’t tell you, I will beheaded.”

…

Wang Bushi complained twice. On a day off, when the palace asked him and Liu Wenshan to complete the articles of association of the joint-stock system, he seemed to smell something. He went to Liu Wenshan to discuss it and worked out the details one by one.

How to protect the rights and interests of shareholders, how to standardize the supervisory rights of shareholders, and how to operate…

Liu Wenshan and Wang Bushi, the two top experts in the Ming Dynasty, got together and wrote a first draft that was full of words. It was already drawn up, and then the clauses were constantly deleted and added. Liu Wenshan was very theoretical, while Wang Bushi had a lot of practical experience. The two people came together to write down the details one by one. It was drafted, watertight.

When everything was almost done, Wang Bushi looked at Liu Wenshan. He admired Liu Wenshan very much. This Bachelor Liu was a person who truly regarded finance and economics as knowledge. Many of his theories were refreshing.

…………

besides.

(End of chapter)