When the scale of foreign trade is carried out to a certain extent, various trade protection policies will inevitably appear!

Nowadays, the various trade policies of the Tang Dynasty are not too complicated, simply put, they support the development of domestic industry and agriculture, and will impose tariffs or even prohibit the import of imported goods that will affect the development of domestic industries.

For domestic demand and domestic development, the policy of reducing tariffs or even exempting them from tariffs is adopted, such as cotton, saltpeter, sulfur and other industrial raw materials.

In addition, for exports, the export of advanced technology and military footwear products is generally prohibited or restricted, and this prohibition is not something that can be decided by the customs alone, and even the cabinet or the military has no separate decision.

Strictly speaking, all imported or exported products, including physical and technical things, need to be reviewed by the bureau and issue import and export licenses before they can be imported and exported.

Basically, the export of products and technologies that will affect national defense security is strictly prohibited.

In addition, there are some things that are strictly exported, such as grain, which is clearly stipulated that grain exports are prohibited, because the Tang Dynasty itself is short of food, in order to fill the stomachs of the people, a large number of officials are heartbroken, in this case, if a businessman finds that he can earn more money by exporting grain abroad, then he will take the rations belonging to the people for export, and this is absolutely not allowed.

While prohibiting the export of grain, imports are also encouraged, but unfortunately, grain is not such an expensive material, and after being transported by sea, the freight may even be more expensive than the grain itself, so although there is a policy to encourage grain imports, in fact, the amount of grain imports is not much.

While restricting some export products, the Tang Dynasty also encouraged the export of many products, such as traditional export commodities such as silk, tea, porcelain, and new industrial products such as cloth, soap, and matches in recent years.

These import and export commodities constitute the main body of the current foreign trade of the Tang Dynasty, but this is not all!

In recent years, maritime trade in East Asian seas has become more and more prosperous, and even the threat of piracy has not stopped merchants from going to sea in search of opportunities to make a fortune.

This has also led to the fact that in recent years, the domestic shipbuilding industry has been unprecedentedly prosperous, almost every large and small shipyard is full of orders, and some of the core products produced by large shipyards, such as the 680 series of merchant ships, are now basically in short supply, even if these domestic shipyards are actively expanding their scale, but it is still difficult to meet domestic demand.

Some shipyards have orders even lined up for five years later!

In this case, naturally some businessmen set their sights on the surrounding countries, and the shipbuilding technology of North Korea and Fusang was too backward to give them orders, not to mention those natives in Nanyang, who were reluctant to build a sampan.

But Malacca is an exception!

In recent years, many domestic businessmen have asked the Portuguese to order merchant ships and artillery, regardless of whether it is a Galen ship or a copy of their 680 series of ships.

However, this situation is undesirable in China!

Although the domestic shipyards are temporarily short of capacity, they are trying to expand, and in addition, the domestic military and political leaders would rather rot the meat in the pot than let the Portuguese take the opportunity to make money, and then arm more fleets.

The ban on the import of ships is based on many considerations, but in the end, it has become this kind of trade protection policy.

However, it is a pity that this kind of trade protection policy has not attracted anyone's attention, but many businessmen in China are quite dissatisfied with this, but they are dissatisfied, and the ban on imports is the ban on imports.

However, the domestic shipbuilding industry applauded the ban, and one by one they wanted to raise more funds to expand the scale.

What, in the past, in order to expand, all the profits were already invested in it?

I'm afraid of a hair, shareholders will invest money again, what, no money? What guts do you have to play shipbuilding, go home and farm!

What should I do if the shareholders' money is invested and I really can't squeeze it out? Loans, the Royal Bank has money, ask them for loans, directly use the shipyard as collateral, I don't believe that I can't borrow.

What, already borrowed? Not only the Royal Bank, but all other banks that can borrow have already been loaned, and all the assets that can be used as collateral have been mortgaged, and it is really impossible to borrow.

But we don't have any money, all our assets are already mortgaged, and there is no way to borrow from the bank, so don't we expand?

Don't you see, there is a huge gold mine under our feet, and everyone is mining with hoes, and now you tell me that if you can't afford a hoe, you won't mine?

Impossible, absolutely impossible, you have to dig to die!

Finally, we have a big killer, the introduction of strategic investment!

Our shipyard is developing so well, although the debt ratio has reached 80% or even insolvent, but we have a good prospect, which can make a lot of money every day, do you want to invest money in, we will share a little of your shares, and then we will make a lot of money together.

The domestic industry is booming, the shipbuilding industry is more prosperous, this situation is many people can see, but the shipbuilding industry is not who wants to enter the entry, from scratch to build a shipyard, difficult, and the time is also long, it is better to directly invest in the existing shipyard, make a steady profit.

Therefore, many landlords and old fortunes dug up the silver from the cellar at home, and then deposited it in the royal bank, exchanged it for silver bills, bank cashier's checks, and checks, and then invested in the shipyard.

In addition to investment, many people found that Nima's shares in the shipyard were already more valuable than the shipyard itself.

The assets of the shipyard are only 100,000 taels of silver, but the unjust bosses who don't know how to do it are willing to invest 100,000 taels of silver and only occupy half of the shares, which means that the value of the shipyard doubles in an instant!

Damn, in this case, why are we working hard to expand production capacity, just speculate in stocks!

As a result, since the summer of the seventh year of Xuanping, the shares of the shipyard industry have become very sought-after in the market, and many landlords and old fortunes who have never even seen a ship in their lives are looking for connections everywhere and entrusting people to invest in the shipbuilding industry.

Many people don't even invest money in shipyards to expand production, but instead buy shares directly from shareholders.1

And here, it has to be explained that capital injection and shareholder sale of shares are two different things!

Some landlords and old money, in the form of capital injection to obtain a part of the shares, these investment money into the company's account, used to expand production capacity and other business needs, the original shareholders are not able to get money, and the shares will be diluted, but the shares in the hands of the original shareholders are more valuable.

There are also some landlords and old money, directly from the original shareholders to buy shares, in this way, the money to buy shares is directly received by the original shareholders into the pockets, and the value of the shipyard is still the original value, without the outside capital investment to expand the scale.

This situation was even more obvious after the empire issued a ban on ship imports, that is, in the autumn of the seventh year of Xuanping, and when Li Xuan noticed it, the value of many shipyards on the market was already seriously overestimated.

Why, because the Imperial Assets Section sent a report, saying that it was the Zhili Textile Bank, which was jointly established by dozens of veteran landlords, gentry and wealthy businessmen in Jiangnan, and is currently ranked among the top five in the domestic banking industry, trying to invest in the Dingsheng Shipyard under the Imperial Assets Section in order to obtain a part of the shares.

In this transaction, Zhili Textile Bank will inject 500,000 taels of silver in cash into Dingsheng Shipyard and obtain 10% of the shares!

500,000 taels of silver, only buy 10% of the shares?

After seeing this number, Li Xuan was stunned!

The shipyard is currently the fourth largest shipyard in China, second only to the Guangzhou Shipyard directly under the Ministry of State-owned Enterprises, Zhaoqing Shipyard (including the Pearl River Branch), Jiangnan Shipyard (including Shanghai Shipyard) these three major shipyards.

The business involves the construction of medium and large warships, the construction of 680 series merchant ships, and with the 680 series of merchant ships as the core products, various fixed assets and patent values add up, it is estimated that there are almost 450,000 silver assets!

In terms of profitability, it is also quite good, there are almost tens of thousands of taels of silver every year, but these profits are basically used to expand the scale, anyway, in recent years, the Royal Assets Department has never withdrawn a penny of dividends from this shipyard!

Recently, the Dingsheng shipyard is raising funds because it wants to invest in the research and development of larger, more advanced 1,000-ton merchant ships.

On the side of the Royal Assets Division, it is naturally impossible to take out so much silver for Dingsheng Shipyard, so it tries to introduce strategic investors to the outside world.

And now, after the competition of many institutions, Zhili Textile Bank has obtained this qualification with an astonishing amount of money!

500,000 taels of silver, 10 percent of the shares? Doesn't this mean that the market value of their heyday shipyard is determined to be five million taels?

Nima, this is crazy!

Even if the Dingsheng Shipyard makes money, but now the profit of a year is not 70,000 or 80,000 taels of silver, how long will it take for them to earn back the 500,000 taels of silver?

It is conservatively estimated that the 10% of the shares, even if the profit increases in the future, but the increase is limited, after all, this is a heavy capital industry, the production capacity is there, the profit is expected, and the change will not be too large.

If it is dead, the dividend will be at most 10,000 taels of silver in the next year, and it is not even estimated that it will be less.

This means that it may take 50 years for the Zhili Textile Bank to recover the investment cost, and even 50 years will not be able to recover the investment cost!

In this case, the Zhili Textile Bank still took out 500,000 taels of real money to invest!

Crazy, all crazy!