Daming primary school students

Chapter 157 Daming No Securities Law

Anyway, after reading this passage, Feng Zhixian suddenly had hundreds of questions popping up in his mind, but he didn't know where to ask them for a while.

Theoretically, the retained silver and surplus silver in the county treasury belong to the county's finances. As long as it conforms to the old rules and regulations, and there is no corruption or deficit, the county magistrate can use whatever he wants, such as building schools and water conservancy projects.

However, Qin Dewei said in this passage that taking out 2000 taels of treasury silver to invest in a private bank is really an unprecedented behavior, which surprised Feng Zhixian inexplicably.

If it is something that can be understood by ordinary people, Feng Zhixian will not even ask, and he will be right, but this is really getting more and more confused the more I look at it. "I want to find out first, what is the significance of it?"

Qin Dewei first explained: "Our Yuanfeng bank has reached a bottleneck period in its business development. It must either have credit guarantees from peers or have sufficient principal to support the business."

"So you went to Qianye's office to make trouble? Did you bring the scholarly atmosphere into your business?" Feng Zhixian couldn't help complaining when he heard this.

"That's two different things! I didn't think highly of Qianye Gongsuo!" Qin Dewei defended a sentence, and then continued: "My idea is to publicly sell the shares of this bank, reserve [-] shares, and each share will be priced at one tael! "

Feng Zhixian just wanted to complain about who would buy it again, but suddenly realized that the proposal that the county government treasury silver 2000 taels had just seen to buy shares in the bank.

"That's right, the county government uses the retained treasury silver to buy shares. On the one hand, it can use real money to support the bank's business, and on the other hand, it also provides public credit endorsement.

Didn’t I say it before, the essence of the money business is credit, and the most important thing in the public offering of shares is whether others have confidence in the shares and dare to pay for them.

If the government takes the lead, it will certainly increase confidence. "

Of course, Fengzhi County is not stupid to be able to pass the Jinshi examination, and immediately realized the problem: "If the government buys shares, it will drive the local people to follow suit and buy shares.

Then you returned all the money from the government, and then privately divided the money of the people, and then swept the money and fled to other places incognito, wouldn't you entrap the people? "

Qin Dewei has no excuse for this risk, he can only say: "This business always has similar risks, so you must be someone you can absolutely trust to complete the operation together.

Anyway, I absolutely trust you, Master Feng. I wonder if you can trust me, Master Feng? "

Feng Zhixian smiled and said: "Of course I can trust you, you have ambitions and bottom lines, and you can't do anything like fleeing with money out of nowhere."

Qin Dewei accepted the compliment of Magistrate Feng frankly, and asked, "Does Master Feng have any doubts about this matter?"

"I do have one thing I don't understand." Master Feng asked if he didn't understand.Anyway, there are too many times when I don't understand in front of this little staff member, so I get used to it after asking and asking.

"Now in Qianzhuang shares, there are [-] shares for Mrs. Gu, [-] shares for you, and [-] shares for this official. Then you want to say that there are [-] shares for public sale, so we only have [-] shares in total. Is [-] too low in comparison?"

Qin Dewei said confidently: "According to my plan, shares and shares are different.

The shares in our hands are owner shares, which can be called private shares. Only those who own private shares can be regarded as owners and can participate in the operation.Moreover, private shares cannot be bought and sold at will. If they want to sell, other owners can give priority to acquisition.

As for the [-] shares for this public offering, they are called public shares, which can be bought and sold in the market at will.Those who own public shares are only allowed to pay dividends, but they cannot participate in the operation and cannot be called the owner.

This design is to ensure that the operation of the bank is still in our hands and will not be swallowed by outsiders.

As for the value of the two types of shares, one private lock-up equals two hundred public shares, and the specific price will vary with the market.

In addition, I haven't considered clearly whether public shares and private shares can be exchanged, and how to exchange them, I will talk about it later. "

Qin Dewei devised these routines, which were completely unheard of by people in the next year. Feng Zhixian didn't bother to think about it after thinking about it.

The main reason is that he has silently calculated that according to Qin Dewei's design, the thirty private shares he secretly holds are equivalent to six thousand public shares.

If one public share is really worth one or two taels of silver, wouldn't it be a huge asset of 6000 taels of silver for nothing?
Thinking of this, Feng Zhixian was a little excited, he didn't expect to have a chance to get rich without being corrupt and breaking the law!As long as you use your legal power reasonably!

At least in the Ming Dynasty, there was no legal regulation on stock listing
Of course, Feng Zhixian is also very clear-headed. The premise of all this is that the market recognizes the value of the public shares of Yuanfeng Bank, and others are willing to spend a tael of silver to subscribe for the public shares.

If the public shares are worthless and cannot be sold at a price, then even if the [-] private shares in my hand are equal to [-] public shares, it is nothing but a dream.

So Feng Zhixian finally had the deepest understanding of Qin Dewei's proposal, why did the county government pay [-] silver to subscribe for [-] public shares?To put it bluntly, it is indeed for others to see!
Qin Dewei also paused and continued to output, waiting for Feng Zhixian to digest what he just said.

Unlike Feng Zhixian, who calculated profit and loss and legitimacy, Qin Dewei looked at this matter from the top of the entire historical trend.

Anyone who knows a little bit about financial history knows that regardless of Europe or East Asia, private banks in the early days will eventually be eliminated by history, and even a bank as powerful as Shanxi Bank cannot withstand the waves of history.

In Europe, after the ancient private banks set off a frenzy of bankruptcy, they were replaced by modern city banks and public banks, and the government began to intervene in banking operations.

But at present, the 48 so-called Jinling money industry peers, no matter what they do, are similar in nature to ancient European private banks.

Qin Dewei's idea of ​​issuing public shares to raise funds, and at the same time introducing government funds and policy support, is to try something different and see if the modern banking model is feasible.

He wasn't sure if he would be able to succeed in the end, but such an interesting thing, why not give it a try if there is a chance?

The process of issuing public shares, to put it bluntly, is to trick Daming's leeks into subscribing for new shares, and it must be a very wicked process.

Confident that if you live 200 years, you will hit the water for three thousand miles. Now that you have traveled through it, you must do something new to leave your mark in this time and space, otherwise it will be in vain?
When I was thinking about it, I heard Feng Zhixian made up his mind and said: "It can be done!"

Then he said: "Although only the county treasury's own bank is used, the official can arbitrarily decide, but there is no precedent for this matter, and it is still necessary to report the details to the superior at the same time for future reference."

Qin Dewei nodded and said, "It should."

Then Feng Zhixian stopped talking, making Qin Dewei puzzled, "Master Feng, why are you staring at me?"

Feng Zhixian said confidently: "If you want to do something in the government, you must first show a high-sounding official reason, isn't this what you are best at?

How exactly should I say it, if you don't come in detail?You can't tell your superiors that the county government is doing so much to help Yuanfeng make money, right? "

Qin Dewei pointed to the document he submitted, "Isn't it all written on it? Master Feng, did you just read the following paragraph?"

Feng Zhixian looked down, and he saw the front of the document, which was clearly written: "In recent years, the demands of all parties in the southern capital have become more and more numerous, and the expenditure of the county government has doubled. Another method of making money is planned. Now we see that the county treasury is often idle, and it may be a good strategy if it is used by the people to make good use of it.”

When Feng Zhixian saw this, he suddenly raised his head and said, "Will there be any ridicule of competing with the people for profit?"

Qin Dewei then explained: "What do you mean by competing for profits with the people? The government doesn't manage anything directly, it just borrows people's profits! There will be more about these later, Master Feng, please read on!"

Feng Zhixian continued to look down, and saw that it wrote: "Secondly, it may support the local people's livelihood. Jinling's population is growing, and there are many idlers. It is good governance to release official money to guide the local people to start their careers."

At the end, Feng Zhixian saw another paragraph: "Official banks are the most guarded against deficits, and are most afraid of dangerous losses. Master Feng can clearly tell his superiors that if there is a deficit in the official bank's entry and exit after one year, the official will make up for it by himself, so as to block the delay. Everyone."

Fengzhi County: "."

This little Qin staff member is really thoughtful!
　Continue to ask for monthly tickets!

　　
　
(End of this chapter)