Take the arsenal to Da Ming

Chapter 130 Stock Exchange
With the joint support of Tang Ning and the chamber of commerce, Chaozhou Stock Exchange and Huizhou Stock Exchange were established successively.

The shares of Chaozhou Ocean Trading Company and Huizhou Ocean Trading Company also officially began to be issued.

There are four denominations of ten silver dollars, twenty silver dollars, fifty silver dollars and one hundred silver dollars. It is proposed that one silver dollar is equal to one tael of silver.

"Ming Pao" made a detailed statement on the functions and trading methods of stock exchanges and stocks.

In order for people to believe and accept this new thing, Tangning and the chamber of commerce pledged it together.

Chaozhou Ocean Trading Company is preparing to raise 300 million taels of silver, while Huizhou Ocean Trading Company is preparing to raise 200 million taels of silver.

After the money is in place, the Chamber of Commerce will form a huge caravan to trade in the East and Southeast Asian countries. After the caravan returns, the profits will be divided in proportion.

After the "Ming Pao" publicity and everyone's word of mouth, not only the Chaozhou and Huizhou prefectures, but even the nearby prefectures knew that Tangning had come up with something new, and they were all full of curiosity.

Now is the time to test Tangning's personal charm.

It is true that the previous Daming banknotes have already left the people of Daming with lingering fears, and the stocks that appear now are also made of paper, so it is hard not to associate them with the treasure banknotes.

If the stocks become less and less valuable like banknotes, wouldn't everyone's hard-earned money be in vain?
Therefore, as soon as the stock came out, it was inevitable that people would be a little skeptical, but this skepticism did not last long.

Tangning's accumulated reputation and prestige played a huge role.

In many people's minds, even if the money invested is really in vain, Mr. Tang deserves everyone's support.

So after a short wait and see, everyone responded immediately, and there was an endless stream of people going to and from the stock exchange every day.

People who don’t have much spare money, buy some loose stocks for ten taels and twenty taels.

And those rich gentry, especially members of chambers of commerce, often buy them for a few thousand taels, or even tens of thousands of taels.

Because they have already gained sweetness in trade through the chamber of commerce.

Now the Chamber of Commerce has further strengthened its cooperation with the Portuguese and the Dutch, which is equivalent to opening the door to the entire East and Southeast Asia.

After defeating the Dutch, the strength of the Shunfeng Escort has been greatly developed. It can better escort the caravan to farther places and further reduce the risk.

Dongyang and Nanyang have huge markets, and Daming's products have a natural advantage.

It can be said that as long as the merchant ship is not hijacked or overturned by a storm at sea, it is almost certainly a profitable business.

If that's the case, why wouldn't you dare to take that small risk?
Tangning originally thought that it would take at least a month or even longer to complete the fundraising goal, but he still underestimated his appeal and influence.

In just eleven days, Huizhou Ocean Trading Company completed the collection of 200 million taels of silver.

Chaozhou Ocean Trading Company's goal of 300 million taels only took twelve days.

In fact, an ocean-going trade does not require that much money at all, and many smart businessmen know it, but they still expressed their support.

Because to them, this was nothing more than a bond of interest with Tangning.

The money raised was firstly used to support ocean trade, and the rest must be used by Tangning herself first.

After all, an ocean-going trade cannot be completed in ten days and half a month, and it takes as little as a few months to go back and forth, and as long as half a year or even longer.

This money can play a big role for Tang Ning to turn around.

On the third day when the money was fully collected, the Dutch came to Chaozhou Prefecture with 250 million taels of silver and began to implement the agreement.

According to the agreement, Tangning released all the Dutch prisoners.

Subsequently, the Dutch joined the Chaozhou Chamber of Commerce and the Huizhou Chamber of Commerce and began trade cooperation.

Only then did they know that within this short period of time, Chaozhou Prefecture and Huizhou Prefecture had established stock exchanges and successfully raised huge funds.

The stock exchange does not prohibit foreigners from buying shares. The Dutch are the originators of the modern stock capital market. They established the first stock exchange more than 40 years ago, and they are well aware of the huge benefits.

The situation in Daming is different from theirs in the Netherlands. Daming's products have a natural advantage.

It can be said that as long as Daming's superior products are sold, there is no fear of not being sold or making money.

But now that Tangning has paved all the roads, and with the support of the New Army's sailors, the Shunfeng Escort escorted them, so no one would dare to pay the caravan's attention in a short time.

Compared with the distance between the Dutch and the Far East, the distance between the caravans of the Chamber of Commerce and the Southeast Asia is much closer, and the risk will be much smaller.

It can be said that this is a guaranteed business, so the Dutch almost don't want to get involved, but the stocks issued have been sold out, and they can only buy from other stock holders.

The first thought of the Dutch is to buy stocks from loose stocks. Although these people do not have many stocks, they are easy to be impressed.

Moreover, there are quite a few people who hold individual shares, and the accumulation of small amounts makes a lot, which adds up to a considerable amount.

The Dutch bought it at a price of [-] times. As soon as the news came out, some people were moved, because the longest holding time is less than half a month.

Ten days and a half months, or even just a few days, I made almost half of the money without doing anything. This is simply a huge profit.

Thus, the first large-scale equity transaction occurred under the stimulation of the Dutch.

Naturally, Tangning knew the news immediately. He had to admire the Dutch's foresight and keen insight. They really were the most capable people in business in this era.

As soon as I successfully negotiated with myself, I immediately acted when I found a business opportunity, without the slightest procrastination.

But Tang Ning didn't stop it, because the Dutch traded in a legitimate manner, and received odd shares. The trading volume was within the control range, and it would not have any impact on the two trading companies.

What's more, Tangning also wants Daming people to learn from the Dutch. Suffering losses is the best experience.

Tang Ning didn't care, but it didn't mean that no one cared. The Portuguese, led by Claudia, immediately took action.

The Dutch bought it at [-] times the price, and they bought it at twice the price. Anyway, they couldn't let the Dutch fall, even if they didn't make money, they couldn't let the Dutch make it.

Besides, the Portuguese had taken the lead. Claudia had been in Chaozhou during this time, witnessing the establishment of the stock exchange and the issuance of stocks.

Since it was the project that Tangning took the lead in supporting, even if it was to maintain a good relationship with the new army, she had to support it.

So the Portuguese immediately invested 5 taels of silver to buy the stock, and now the price has been fired up by both parties. Only this part of the stock can guarantee that they will only make a profit, so they are not afraid to fight a price war with the Dutch.

Although the Dutch were very annoyed, there was nothing they could do. They couldn't predict how high the first ocean trade would be, so they didn't dare to raise the price too far.

In the end, when the two parties tripled the price, it came to an end.

It is also the first time that people in Daming have seen this kind of game. It is just a few pieces of paper for some kind of proof, neither a house deed nor a land deed.

In a short period of time, the price rose steadily, and then turned into white money.

Not to mention that retail investors couldn't help it, some big investors couldn't control it, and released part of their stocks.

When they think about it, they can earn a part of it first, and then talk about it.

But no matter how others moved, Xiaohuan, who represented Tangning, did not move, and she held the most stocks.

In a sense, she is the vane. If she takes the lead in actively selling the stocks in her hand, it will definitely affect everyone's confidence in the stocks and cause a chain reaction.

That's why Tangning had already emphasized to Xiaohuan not to conduct any stock transactions without his consent.

Because of this, although those big households saw the immediate benefits, they tried their best to resist the temptation.

Even if you want to trade, it is only part of the trade.

(End of this chapter)