Prime Minister

Chapter 1038 The Economic Barometer of the Song Dynasty

February of the first year of Yuanfeng.

Bianjing, Huangjianyuan Street.

Huangjianyuan Street connects Panjialou Street and Nantong 1st Lane.

Now the new address of the Bianjing Exchange has been moved to Panjialou Street, adjacent to which is the Municipal Yi Department.

The location of the Exchange has attracted countless people and has become a gold-selling house in the world. Not to mention the businessmen from all over the world, even the owner of a restaurant got favored one day and became a wealthy businessman with a fortune of hundreds of thousands of dollars. There are often myths.

The air here smells of money and speculation.

There is even the largest brothel in the world in the Cheluo Courtyard next to the Exchange, and the most beautiful women in the world are here.

Countless people who made a lot of money from the Exchange came here to sell their gold. There was no shortage of wealthy people who were willing to spend huge sums of money. There were even reports that rich people spent tens of thousands of dollars in order to win the favor of famous prostitutes.

As for the original gold, silver, wealth and silk exchanges, it was also the exchange center for hundreds of privately operated exchanges.

In the past, the shops of the Exchange here were filled with piles of money, which was called stacks of money. This was a way for the Exchange to show off its financial resources to visitors.

In the past, money was not trusted, and people believed in real money. Therefore, stores used stacks of money to show their financial strength. It was also the earliest reserve system.

However, the official exchange offices in the rear were established. Because they were endorsed by both the court and the market, merchants and common people preferred to exchange money at the official exchange offices.

Therefore, Jieshen's index offices suddenly declined. In addition, several index offices with poor financial resources took advantage of the money and ran away. Therefore, Jie Shen's index offices dropped from hundreds to only a dozen now. In this way, we are just trying to maintain it.

But now there is a long queue at one store in Jie Shen.

These common people were standing in the cold spring. Some of them came with salt banknotes in their pockets, while others came with real gold and silver, or even copper coins on their backs.

In today's world, Da Song's second stock is going to be listed.

The first stock was also a stock on the Stock Exchange. It was listed in Jiayou eight years ago at 50 guan per share. Although it was issued again later, it now has a market value of 183 guan per share.

Because the stocks on the Stock Exchange pay dividends every year, those who have been holding stocks from Jiayou's eighth year until now have made a fortune.

Later, it was discovered that this stock could actually be traded like salt money, and profits could be made by buying low and selling high.

Therefore, the Stock Exchange stock was once speculated to more than 320 shares. Later, the court saw that the price was too high, so it thought of making a profit and issued an additional 10,000 shares.

As a result, the newly issued stocks were snapped up as soon as they were listed. However, on the day they were listed, the stocks on the Stock Exchange began to plummet, from a low of more than 300 bonds to less than a hundred bonds. Countless people wanted to get rich overnight. The people and their wealth are scattered among them.

The stock has stabilized over the past few years and has gradually risen to one hundred and eighty-three over the years.

The second stock issued today is the Xihe Road Exchange.

Everyone knows that the Xihe Road Exchange is the most profitable place in the world, second only to the Bianjing Exchange. In the past two years, its profits have far exceeded that of the Xijing Exchange.

Why is the Xihe Road Interchange so profitable?

Because Shaanxi is short of money, most transactions are made through salt banknotes.

At the same time, salt banknotes with Jieyan and Zhangyan as reserves are located on Shaanxi Zhuanshi Road and Xihe Road via Luezhi Road.

At that time, Wang Anshi wanted to solve the money shortage problem by issuing more salt banknotes. However, under the opposition of Zhang Yue and Lu Huiqing, the currency status of salt banknotes was preserved. At the same time, the imperial court's buy-back policy of Jiaozi in recent years also took effect.

The original face value was always good, and the market value was less than one hundred cash, but now it has steadily increased to more than six hundred cash.

Therefore, Yanchao Jiaozi was gradually recognized by Qingtang, Xixia, and Uighur merchants. They liked its characteristics of being easy to carry and being able to be stored in the warehouse, and gradually replaced gold, silver, and copper coin transactions. More importantly, the Song Dynasty actively forged ahead in the Qing and Tang Dynasties, enhancing the status of Yanchao Jiaozi as a credit currency.

Therefore, after Zhang Yue made suggestions from Tianzhang Pavilion and established the political system of Zhang Han, the first thing he did was to independently list the Xihe Road Exchange.

The shares of the Xihe Road Exchange are quite complicated. Firstly, the Exchange accounts for 30%, Xihe Road Economics accounts for 30%, and the remaining 20% ​​belongs to the Xihe Road military. This is the military salary Zhang Yue promised the army to give up doing business, and the remaining Two percent are insiders.

These include the emperor, the queen mothers of the two palaces, ministers of the imperial court and above, some generals on Xihe Road, including Zhang Yue and Wang Shao.

When Zhang Yue lent money to Wang Shao to start his own business in Tongyuan Army, he was also one of the earliest venture capital investors.

Therefore, the shares were reclassified this time, and 20,000 new shares were issued, accounting for 20% of the original shares. One hundred guan was raised for each share, and a total of 2 million guan was raised, which was lent to the imperial court for its development on Xihe Road. Use.

To be honest, this price is a bit exaggerated, which makes Zhang Yue feel a little unsure, because the valuation of Xihe Road Interchange is expected to reach 12 million yuan.

The profit of the Xihe Road Exchange was only over 500,000 yuan at its peak last year.

However, Zhang Yue came to the streets of Jieshen today and saw the people lining up for miles to subscribe, and all his doubts were immediately eliminated.

Huang Lu, who was advising the court and serving as a judge and jailer, said to Zhang Yue: "Many of them are scalpers."

After Zhang Yue heard the great music, did the name scalper exist in the Song Dynasty?

The best theater tickets in Bianjing are all made of yellow cowhide. Because theater tickets are often hard to come by, some people buy and resell them, which is called scalping.

So the scalpers in the market are understandable. Many people can't buy stocks, so they buy them through scalpers, or they hire people to queue up.

Zhang Yue asked Huang Lu, "Anzhong, do you think this stock is worth a hundred coins?"

Huang Lu smiled and said: "Of course it's not worth it at the moment, but if the imperial court captures Liangzhou City, it won't stop there!"

As he spoke, Huang Lu pointed to the long queue of people and said, "They are all here for this."

Zhang Yue nodded slowly.

"My lord, now that we are here, go down and see the people!"

Zhang Yue nodded when he heard this, and immediately got off the carriage with Huang Lu and Cai Jing. Sinong Temple Kumamoto and others, who had been waiting here for a long time, led a group of officials to greet him.

The common people looked at the long line of prostrating officials and then looked at Zhang Yue, who was wearing a purple robe, and they all shouted.

Mr. Zhang!

When the people heard that it was Zhang Yue, they suddenly became crowded and the mountains shouted for Mr. Zhang to come.

It should be noted that when Zhang Yueguan came to power, Yanchaojiaozi rose slightly.

When Zhang Kai captured Huangzhou and regained the Qingtang Dynasty, and Zhang Yueguan became a bachelor of Zizhengdian, the price increased sharply. Currency is an index of national confidence because the more powerful a country is, the more people use its currency.

Therefore, Zhang Yue's official promotion can be called a barometer of the Song Dynasty's economy.

After Zhang Yue accepted the official's obeisance, he went to the people to bow and thank him, showing his true nature of being close to the people.

Immediately the stocks on the Xihe Road Exchange went on sale, and people rushed to buy them. Although each person was limited to ten shares, they were all sold out in less than one morning.

Two million went into Xihelu's pocket.

Seeing the people rushing to buy stocks, Zhang Yue said to Huang Lu beside him: "An Zhong, are you interested in becoming the Third Secretary-General?"