Chapter 438: Meeting Season 1

Every year, from the beginning of the month to the end of the first month of the second year, it is the "meeting season" of Qi Province.

Each department in charge of the six ministries will hold a small meeting for nearly a month, during which they will thoroughly sum up this year's work and draw up plans and budgets for next year.

Then go home for the Chinese New Year, go to work on the sixth day of the new year, and then enter the second half of the meeting season, that is, the general congress stage, and each department will report the results of its last month's meeting to the Metropolitan Governor's Office for consideration.

During this period, Xu Shiyang, who had to represent the Ministry of War and the Ministry of Industry, and also had to assume the responsibilities of the "prince", was naturally the busiest person, and there was no one.

Xu Shiyang had already revealed the summary, goals, budgets and other items of the Ministry of War to his father and uncle before, and now it is nothing more than to say it to more people at the meeting.

Everyone knows that the military is the core pillar of this small regime, so no one raised too many objections to the report of the Ministry of War, and the budget proposed by the Ministry of War was successfully passed.

But the Ministry of Industry does not have this qualification.

Officials in the household department were somewhat rebellious about expanding investment in factories, especially those in the luxury goods industry and those that did not appear to have direct support for the war.

Some people seem to care only about agriculture and the military, the so-called "ploughing war", but deep down they don't think that industry is also a kind of "ploughing".

I don't know where this mentality came from, but they already know the benefits that industry can bring.

Maybe it's because bureaucrats in other sectors don't think they and their departments can get much out of industry?

If that's the case, then their attitude should change after this year.

Xu Shiyang intends to partially open all industries of non-strategic value under the jurisdiction of the Metropolitan Governor's Office—military factories, salt industries, iron and steel mills, banks, military horse farms, and factories other than gold and silver mines, such as textiles, glass, wine, farms, coal and iron mines, masonry factories, food processing, and non-secret, non-strategic enterprises that will be put into operation in the future, to the whole society.

The so-called partial opening up refers to the fact that these non-strategic enterprises have begun to absorb private capital.

The initial plan of the Ministry of Industry (in fact, mainly Xu Shiyang's opinion) is for these factories to issue shares, and the proportion of shares to be distributed is:

Governor of Dadu/King of Qi accounted for 5%;

The six Shangshu accounted for 1% each, totaling 6%;

Other officials in Qi Province accounted for 9%;

Raise funds from the people of Qi Province and sell 30%;

Raise funds from the private sector in Jiangnan and sell 30%;

The provincial government of Qi accounted for the last 20% with bank contributions.

No matter who the stock falls into, it does not have the right to execute, and the control of all factories is still in the hands of the Ministry of Industry, and the shares obtained by each individual are now only a kind of sharing certificate, and the control of state-owned enterprises will not be changed no matter how much equity is obtained by private individuals.

Under this policy, the shares held by the Governor/King of Qi were in fact the "Neifu", that is, the income of the Xu family, which Xu Shiyang intended to use as a substitute for the annual budget of the Ministry of Household for the Governor's Mansion - that is, the Xu family would no longer be supported by the government in the future, and the income would depend on the results of their own private property.

This is also Xu Shiyang's layout for the future.

If the Xu family does do the world in the future, he doesn't want the Xu family, as a royal family, to become a huge financial burden to the government.

In addition, efforts to develop industry and allow the clan to invest or build their own factories can also effectively avoid the situation of raising their own children and grandchildren as pigs.

Of course, that's all to be considered later, and the policy is only introduced now to attract more investment from industry and then reduce the financial burden as much as possible.

To this end, give 15% of the shares of the six scholars and other officials, and tie them completely to the position and not to the individual - you will receive annual dividends in that position, and you will give up that share if you are not in that position.

It's not so much a stake as it is some kind of benefit, except that these benefits depend on the performance of the individual plants.

It is conceivable that when officials understand how much dividends the factory stock can bring to themselves, they will definitely protect the development of the factory as much as possible.

60% of the shares sold to the people of Qi Province and to the people of Jiangnan have a tradable function, and if they have spare money, they can even buy all 60% of the tradable shares of a factory.

Of course, that's just six minutes of red every year.

In the four years of Longdao, some areas of Qi Province have even enjoyed a peaceful life for 7 or 8 years, and under the influence of the Metropolitan Governor's policy of light taxation, many ordinary people have also had a considerable amount of grain and savings.

In the deep fear of hunger, most of this money and grain are carefully buried and stored in the fields by the peasants, and they cannot participate in production and life at all.

Xu Shiyang hopes that through this method, the people of Qi Province can be given an investment channel to make use of the money and grain.

In addition, the fact that the people have shares in the enterprises is equivalent to being economically tied to these state-owned enterprises and the Qi provincial government.

In order to guarantee their own investments and profits, the populace would also unreservedly support the Dadu Governorate/Qi regime.

The same was true for the purpose of selling shares in Jiangnan, through which Xu Shiyang hoped to absorb the stock of money and grain from the enlightened gentry and landlords in Jiangnan.

In the future, when they turn against the Great Zhou court and attack Jiangnan, these people will also become natural allies on their side.

Well, also, these gentry landlords who invested in factories in Qi Province will naturally escort the market of Qi Province's products in Jiangnan.

For Mr. Xu, the only issue now is the pricing of these shares.

The profit margins of individual factories vary widely, and the total profit does not depend entirely on the profit margin.

For example, the glass and wine industries are industries with extremely high profit margins, but in terms of pure profits, they are actually not as good as the wool textile factories with a broad market.

Therefore, how to price the shares of the factory, which shares of those factories are higher and which are lower, whether it will be too much of a loss if it is set low, and whether it can be sold if it is set high, are all issues that must be carefully considered.

However, Xu Shiyang planned to directly leave this issue to various departments for discussion and decision, and he was not prepared to meddle too much in it.

……

Of course, the Ministry of Industry put forward a plan to open up some factories for investment, which caused a huge sensation among officials at all levels in Qi Province.

This policy, which involved their own private interests, naturally blew up all the meeting rooms, so much so that the Metropolitan Governor, who presided over the meeting, had to devote a day to discussing it during the busy season.

On this day, Xu Shiyang spent several hours carefully explaining the intended purpose of this policy to the officials at all levels in Qi Province (of course, he did not say that he would prepare for a turn against the imperial court), and then gave everyone a few hours to discuss and digest the possible impact of this policy.

In the end, this policy was passed without any suspense, and the rest of the day naturally gave everyone a detailed discussion of the stock price.

Of course, this issue cannot be decided overnight, and how to set the price does not even need to be approved by everyone - this only needs to be discussed and decided by the three departments of the Ministry of Households, the Ministry of Industry, and the Ministry of Criminal Affairs.

Let everyone participate together, just to set the mood and stimulate everyone to work harder.