The sun never sets in America

Chapter 219 Crazy Stock Market

In late April of the eighth year of Longwu, some time had passed since the opening of the stock market.

During this period of time, the number of stocks listed on the Xijing Exchange exceeded forty-five, and most of these listed companies were high-quality companies in Han.

Among them, large companies such as Hanguo Railway, Xijing Steel, Jinshan Pharmaceutical, and Jinshan Shipping have continued to rise.

Among them, Hanguo Railway alone ranks first with 180 million yuan. You know, this is a company with 120 million yuan in debt alone. Its market value not only exceeds its debt, but is extremely close to it. Total assets of 200 million yuan.

According to estimates in the latest Jinyu District Daily, Hanguo Railway has returned to value and hit a high of 250 million yuan. (Chinese version of the Wall Street Journal)

In addition, a company like Kingsoft Pharmaceuticals with annual revenue of tens of millions of dollars has reached a market value of 100 million dollars. Some people predict that it is expected to reach a market value of 200 million dollars, and its performance will continue to grow. .

If this is not crazy enough, then Shunda Textile, which has just been launched, has completely taken off.

This textile company with a total share capital of less than 10 million Chinese yuan, annual revenue barely reaching the listing standard of 5 million Chinese yuan, and a profit of only a few hundred thousand Chinese yuan, exceeded the 10 million Chinese yuan mark on the first day of listing. It has risen to 15 million yuan every day. Yesterday, someone even shouted a slogan of 30 million yuan.

The whole of Xijing, not even the whole of Han, was discussing the exchange, and everyone fell into an inexplicable frenzy.

In today's Han Dynasty, if you don't know stocks or what an exchange is, then you are falling behind! !

And those so-called economists and stock gurus are popping up from the corner one after another, and some even have not published any articles about the economy or stocks at all.

For example, Professor Zhang Daxiao, who claimed to have seven years of experience in the London Stock Exchange, was found out in the end and was only working as a financial consultant in Asia for a medium-sized bank in the UK. As for the so-called seven years, he was just working in the bank. After seven years, before he resigned, he was still in a low-level position, but he would brag if he couldn't stand it! !

In a recent speech at the Department of Economics of Xijing University, Zhang Daxiao said:

"The Xijing Exchange is the barometer of Han's economy and the backbone of our country's economic development. The better the stock market rises, the better the economy will be!!"

"According to the data disclosed by the Imperial Bank, the national deposits of the Han people are about 1.7 billion Chinese dollars. What is this concept? The current total market value of the stock market is less than 500 million Chinese dollars, less than one-third. When converted into The pound is less than 100 million pounds. If we add in the rapid economic growth and population growth of our country since the founding of the country, I predict that the stock market will increase at least five times in the next ten years, reaching 2.5 billion yuan. Level..." Zhang Daxiao was boasting enthusiastically on the stage, his face glowing red, as if an era belonging to exchanges and stocks was about to come.

"Classmates, you were born in the best of times, at an age where you can see the best of Han. The future of Han depends on you, and the economy of Han depends on everyone!!"

"We will usher in a bull market that will last at least ten years. The bull market will never reach its peak. Thank you everyone!!"

After Zhang Daxiao finished speaking, he bowed to express his thanks.

clap clap clap...

The students studying economics below listened with excitement, as if the future economy of Han Dynasty depended on them.

And this speech happened to be the day when Hantie Company hit the 200 million yuan mark.

"One hundred and eighty-two million..."

"One hundred and eighty-five million..."

The trading floor was crowded with people, shoulder to shoulder, and everyone was staring at the huge blackboard.

As for the traders inside, everyone is constantly sorting out the buy orders in their hands. As for sell orders, there are some, but very few. After all, the current stock market is so crazy that it is completely a buyer's market.

There is even a saying that if you buy it, you will earn it! !

In such a crazy market environment, buying stocks is not about buying them, but about grabbing them.

If you have connections, look for connections, and if you have the ability to squeeze in, squeeze in. Anyway, you have to buy stocks at all costs.

Even in Xijing, there is a rumor that one stock can be worth one or two gold. Although it is a bit exaggerated, this kind of national stock trading mood is ultimately irresistible.

Even those old wealthy people who immigrated from China took the gold and silver they saved at home to the bank, exchanged them for Huayuan coupons, and threw them into the stock market. (A kind of exchange certificate based on the Hua Yuan silver coin, a bank note issued based on the Hua Yuan silver coin, is an experiment conducted by the Imperial Bank for the next step of issuing banknotes, and to test the market's view. The results are unexpectedly good, and many people are willing to Use Huayuan coupons, after all, these things are much better than heavy Huayuan silver coins)

In such a hot atmosphere, the stock market, Xijing Exchange, and stocks, these three originally unfamiliar words, seem to have been equated with making a fortune and real money.

Although some people stood up and asked everyone to be rational, and even used the European stock market crash and the Dutch tulip incident to warn the world.

But as the saying goes, you can't wake someone who is pretending to sleep.

You can't wake up a person who is counting money in his dream. If you insist on waking him up, then you are their biggest enemy.

Blocking people's wealth is like killing their parents. This sentence is more than just words.

Even now, there are a large number of people making long-distance telegrams in telegraph offices all over the Han Dynasty. These people are the ones who learned about the opening of the Xijing Exchange and the daily increase in stocks from local newspapers.

This group of people has only one purpose of buying stocks. Even in today's Han Dynasty, some people from other places will even use telegrams to find friends they know in Xijing to help them buy stocks. They will even take the train for several days and nights. Coming to Xijing from Youzhou, Monan and other places, as soon as you get off the bus, you go straight to the Xijing Exchange.

It’s all about buying stocks! !

In the Xijing Exchange, everyone is staring at the blackboard full of wealth. In the eyes of these people, this is not a blackboard, it is clearly a gold board, a board that creates wealth.

It is the spiritual support of many people! !

"One hundred and ninety million..."

"One hundred and ninety-three million..."

"One hundred and ninety-seven million..."

"Two hundred million!!"

boom……

When the stock price of 200 million yuan came out, the entire exchange went crazy. Everyone couldn't believe that it actually reached 200 million yuan.

You know, this is 200 million Chinese dollars, not 200 million yen? ?

According to the current budget of more than 200 million yuan for the eight years of Han Dynasty Longwu, the total value of a Han Dynasty railway is equivalent to the Han Dynasty's cabinet revenue for one year.

If we also include that the current 200 million yuan is just a return in value, then the market value of the entire Hanguo Railway is likely to exceed Hanguo's annual fiscal revenue.

Although it is only a cabinet finance, this amount of money is still an astronomical amount, especially in this era, it is an incredible amount.

It's a number that's enough to start a war.

As written in the book written in the 30th year of Longwu: "In the Longwu era, or the eighth year of Longwu, the most important thing in the entire Han Dynasty was not the Han-Ba war, nor the proxy war with the British in South America. It's the crazy stock market, the numbers on the Xijing Exchange that make everyone crazy. I can't remember the specific numbers. Anyway, I just remember that some people laughed, some cried, and when they cried, they told the truth and returned to rationality. …”

And this day, April 23rd in the eighth year of Longwu, was destined to be a day recorded in history, because he started a crazy era, an era that made everyone crazy.

An era full of money and sin. Everyone in this era is crazy and persistent, just like those who clamored for the ten-year bull market and dreamed of becoming millionaires.

Together they wrote this era, this era called the Eight Years of Longwu.

The author of the Thirty Years of Longwu wrote the last sentence of the article "The Eighth Year of Longwu":

"Please remember the eighth year of Longwu. It symbolizes a new era, an era belonging to the Han Empire, which is slowly beginning!!"

.............................................

“Han Railway broke through the 200 million yuan mark!!” ˆ ˆ ˆ “It is expected to return to its true value and even hit the 300 million yuan mark..."

"Jinshan Pharmaceutical has reached a new high. Famous economist Zhang Daxiao said that the company will become the second Han State Railway and a rare high-quality asset depression. It has not yet reached its peak!!"

"Professor Zhang Daxiao said that the current position of 700 points is still at the bottom of the baby, and in the future we will see a real golden line..."

“It is a foregone conclusion that our country’s stock market has exceeded 1,000 points??”

Newspapers containing stock market myths were spread throughout Han Dynasty.

Thanks to the rapid development of the telegraph, events in Xijing could be communicated to any city in Han in an instant.

This has led to the development of the information industry. Currently, the total number of employees in the Han telegraph industry has exceeded the 10,000 mark. (Including telegraph operators, cable factory workers, telegraph machine factory workers, and even researchers, and even telegraph office staff)

"My dear mother..."

"This Hanguo Railway has a huge increase. It's 200 million yuan. Good guy, I will never make that much money in my eight hundred lifetimes!!"

In a teahouse in Yunzhong City, Jiuyuan Province, the owner holding a newspaper was speechless as he looked at the Jiuyuan Daily in his hand. (Phoenix, Arizona, also known as Phoenix)

In the opinion of the teahouse owner, this stock is probably the largest gold mine in Han Dynasty. Otherwise, why is it rising every day? This is not gold mining, what is it? ?

"Who says it's not? If you ask me, this exchange should be opened in our cloud. After all, we are also the capital, so the elders in the cloud can also make money!!" A man in the teahouse held an old cigarette bag in his mouth and wore a cigarette. The middle-aged wealthy businessman with a straw hat was very dissatisfied with the establishment of an exchange only in Xijing.

"Yes, we can't be so partial just because Xijing is the capital. We have to do it too!!"

"Yes, yes, we must do it!!"

"You said that the governor's office is having a meeting recently, is it because the exchange is going to be opened?" A person who got the second-hand news from nowhere mentioned a recent rumor, that is, Jiuyuan is also going to open an exchange.

In fact, such rumors can be found in all parts of Han Dynasty.

Since the Xijing Exchange became popular, various localities have submitted proposals to the cabinet, euphemistically claiming to revitalize the local economy.

In fact, the essence is still profit. Who wouldn't be greedy when seeing how prosperous the Xijing Exchange is, not to mention the taxes that can be collected there.

(For stock market transactions in Han Dynasty, you have to pay stamp duty, which is about 0.5%, which is 10,000 Chinese dollars. The tax is 50 Chinese dollars. In the early days, it was actually 1%, but it was later changed by Liu Peng. Rejected. After all, the stamp duty is a tax in the transaction and can be recovered back and forth. If it is collected too much, it is not good. It will easily dampen the enthusiasm for market transactions. It may be self-defeating and the tax revenue will be reduced.)

(But even if it is 0.5, there are still people complaining, saying that they want to introduce a 0.1 tax rate, euphemistically called it to increase the frequency of market transactions to make more money, but it has been rejected so far, but in the future as the stock market continues Expansion and tax reduction are certain, but not now)

"Let me see, once this exchange opens, we will all get rich!!"

A mian named Luo said to the people in the teahouse with an expectant look on his face.

"Yes, with the exchange, our good days will come!!"

"I will also marry a concubine by then!!"

"Ha ha……"

The small teahouse was full of expectations for the exchange, laughter from time to time, and even dirty jokes mixed in.

And situations like this that look forward to opening exchanges can be seen everywhere in Han Dynasty.

Even the three provinces in Oregon, which had just immigrated not long ago, required the establishment of exchanges, which left people speechless.

…………

"Prime Minister Yan, these are the official documents that have been published in various places recently."

In the Prime Minister's Office, Yan Jun was correcting local documents. Among them, he had to sort out some of the important red batch documents and send them to His Majesty for his decision. (The official documents of the Han Dynasty are divided into black batch, blue batch, and the highest red batch, which are mainly approved by Liu Peng personally)

"What's there??" Yan Jun held up a gold-plated crane pattern pen without raising his head and continued to correct a grain production document on the table.

(Han Dynasty fountain pens were produced by Jinshan Pen Factory. Among them, gold-plated pens like this are tribute pens, divided into golden roosters, peacocks, and cranes in Yan Jun’s hands, which represent several levels of officials, while the ones in Liu Peng’s hands are It’s a pure gold fountain pen with a dragon pattern, and the prince has a dragon pattern. You can’t go beyond the first level, and it’s a death penalty if you exceed it.)

"They are all the official documents for the opening of the exchange that were submitted in various places, and they are all here." Secretary Jin Xin replied to Yan Jun, pointing to the pile of official documents on the left.

"This part is about recent local events." Secretary Jin Xin continued to point to a pile of official documents on the right and said to Yan Jun.

"Damn, they are opening an exchange again, they are opening an exchange. Can they open this exchange??" Yan Jun cursed when he heard a large pile on the left, all of which were official documents for opening an exchange.

"These people don't understand what is light and what is heavy. Do they think this exchange is just to open a trading market? That is a major economic issue for our government. Your Majesty has considered it again and again, and preferred Xijing just to put it in front of you. It’s so cool, these people don’t understand anything, so they just come here to make fun of you!!” When Yan Jun mentioned Liu Peng, he first clasped his fists in the air to show respect in front of Jin Xin, then put down his hands, and said in front of his secretary Jin Xin, He scolded the local officials who wanted to open exchanges bloody.

Jin Xin on the side waited until Yan Jun's anger was almost gone before he said:

"Mr. Yan, this is not the case with the Xijing Exchange. Especially the stock market has been so booming recently that it has made people jealous." Jin Xin looked at Yan Jun with a smile on his face.

"You're right, it's really too popular. It's so popular that everyone wants to come and get a piece of the pie!!" After hearing this, Yan Jun puffed his beard and said to his secretary Jin Xin with eyes wide open.

"But this stock market, don't you think it's too crazy?" Yan Jun suddenly said this to Jin Xin, who was standing opposite.

Jin Xin didn't answer. After all, this question was too sensitive. If he said anything wrong, it would affect his attempts. As the saying goes, if he doesn't do it well, he will definitely make mistakes if he does it. Jin Xin understands this truth very well.

Yan Jun thought about the words just now for a few days. Yan Jun always couldn't figure out why the stock market was so valuable.

I don’t see it on weekdays. Are those companies making so much money? ?

Take the Han State Railway for example. That company is the largest asset-heavy enterprise in Han State, but it is so important that the cabinet has wanted to break it up several times and transfer it to local governments.

After all, this company makes money, but the speed of making money can never keep up with the speed of spending money.

It's like a person who earns one thousand yuan a month but spends one thousand two thousand yuan a month. How can he save money? ?

The Hanguo Railway is such an enterprise, with high assets and high liabilities. At present, it seems that it will be with this company for decades until the Hanguo Railway reaches its peak, otherwise it will be impossible to reduce it.

But it is such a company that seems to never be profitable, but its market value is rising every day, or rising sharply, which is abnormal no matter how you look at it.

You said that there are people betting on the expectations of the next few decades, Yan Junxin. If you say that a group of people bet on the expectations of the next few decades, Yan Jun would not believe it even to death! !

This is also the reason why Yan Jun uses crazy to describe the stock market at the moment. After all, it is a bit divorced from reality, and it is more like beating a drum to spread flowers.

As for the textile company, this thing is just hype at first glance. The current textile industry in Han Dynasty is developing well, but the labor cost of textile is high, the raw materials are not cheap, the output value is high, but the profit is low.

You want to say that Beimen Spinning, the largest textile company in Han Dynasty, has a market value of tens of millions of dollars. Yan Junxin, after all, the performance is there, but a medium-sized textile company has a market value of tens of millions. Yan Jun suspects that something is going on! ! (Beimen Spinning is the largest textile enterprise in Beimen City, with more than 10,000 employees, and is a local pillar enterprise in Han Dynasty)

During this period of Lenovo, the market was bustling. The more Yan Jun thought about it, the more terrifying it became. It was as if everyone in Han Dynasty was pushing the snowball of the stock market forward, but once they couldn't push it anymore.

Once the snowball stops rolling and turns into a giant snowball, it will kill everyone in the exchange.

Thinking of this, Yan Jun immediately told Jin Xin: "Quickly go and inform the palace that I want to meet the Holy Spirit!!"

　Please give me a reward, please give me a monthly ticket

　　

　

(End of this chapter)