Chapter 387: Plummeting
Until the end, Zhu Youxiao did not say whether to close the stock exchange. Zhu Youxiao's ambiguous attitude has caused obvious fluctuations in the stock market.
"Fang Yu, I don't care how many shares you buy, hurry up and sell them all." Hou Sui said as soon as he got home.
"Father, why is that? The stock will go up again, and I'm going to buy some more. Hou Fangyu asked suspiciously.
"Today at the court meeting, Sun Yuanhua proposed to close the stock exchange, Sun Kaiyang (Sun Chengzong) and many other ministers also support the closure of the stock exchange, although His Majesty has not yet expressed his position, but it is likely to close the stock exchange, if the stock exchange is really closed, then all the stocks in your hands will become waste paper." Hou Sui said anxiously.
"Didn't Your Majesty make this stock exchange? Why is it closing now? Hou Fangyu asked suspiciously.
"His Majesty says that the current stock exchange is beyond his control, and His Majesty is also afraid that the stock will be like the tulips in the Netherlands, causing a catastrophe that will shake the empire." Hou Sui explained.
"Tulips in the Netherlands? What Dutch tulips? Hou Fangyu asked suspiciously.
"This matter is a long story, you hurry up and respond to Tianfu's handling of stocks, this matter must not be delayed." Hou Sui said.
"If the child understands, the child can do it." Hou Fangyu said.
……
And the ministers of the imperial court were also ready to sell their stocks at this moment, and Jingshi actually rode hundreds of fast horses out of the city in one day. At this moment, Zhang Guoji also rushed to Beijing, and when he heard that Zhu Youxiao was going to close the stock exchange, he immediately rushed to the palace to meet Zhu Youxiao.
"Your Majesty, as soon as the minister entered the Beijing Division, he heard the rumor that His Majesty was going to close the stock exchange, and some people actually believed such rumors, and they didn't know that this stock exchange was run by His Majesty." Zhang Guoji said with a smile.
"A few days ago, at the court meeting, the matter of the stock exchange was discussed, and my teacher, Sun Shangshu and others all strongly demanded the closure of the stock exchange, and I am indeed considering whether to close the stock exchange." Zhu Youxiao said.
"Your Majesty, this stock exchange is your brainchild, just like the Imperial Exchange, it has created countless wealth for the empire." Zhang Guoji said urgently.
"I don't need to discuss this matter for now, I'm thinking about it. What's more, whether to close the stock exchange or not, there is no loss for you, I don't understand, why are you in a hurry? You can make a lot of money in this stock trade. Zhu Youxiao asked.
"The minister is confused, I hope Your Majesty will forgive me!" Zhang Guoji said embarrassedly.
"You're here to meet me for the stock exchange?" Zhu Youxiao asked.
"The shipping company is ready to invest in the terminal, and I ask Your Majesty for permission!" Zhang Guoji said.
"This is what you should do, you have to think about how to make the shipping company bigger, only when the shipping company becomes bigger, you can make money." Zhu Youxiao said with a smile.
"Thank you, Your Majesty! Chancellor understood. Zhang Guoji said.
"Where are you going to invest in the dock?" Zhu Youxiao asked.
"The ministers and others are ready to invest in Yangon, Baduma, Ta Crooked, Tanasri and other ports." Zhang Guoji replied.
"These ports are all in Yangon province, which does have great investment potential, and these ports are extremely convenient to go to both the South and Western Seas." Zhu Youxiao agreed.
"The ministers also think so, when the construction of these ports is completed, our cargo capacity can easily reach the Western Ocean." Zhang Guoji said.
……
Zhang Guoji also did not get a clear reply from Zhu Youxiao, and Zhu Youxiao's ambiguous attitude made the rumors continue to ferment, and some people began to say conclusively that the imperial court was going to close the stock exchange. The price of the stock plummeted, and the stock of the shipping company fell all the way from 410 yuan to 72 yuan.
Fortunately, Zhu Youxiao controlled the number of shares circulating in the market, but even so, this plunge still caused countless people in the empire to go bankrupt overnight. On 7 October, a large-scale civil unrest broke out in Nanjing, and tens of thousands of people who had suffered heavy losses in the stock market crash rushed into the streets and stormed the yamen in Nanjing.
In a series of reforms by Zhu Youxiao, he encountered civil unrest for the first time.
"Your Majesty, Jiangnan is the important tax area of the empire, and there is a civil unrest in Nanjing, which should be dealt with quickly." Sun Chengzong said.
"I know that I have sent troops into Nanjing, and I will deal with this matter." Zhu Youxiao said.
"Your Majesty, this civil unrest was caused by stocks, and the minister thinks that it should be dealt with lightly." Sun Chengzong suggested.
"I sent the army into Nanjing just to maintain order in Nanjing City, even if it is the first offense, the minister will be dealt with lightly this time." Zhu Youxiao nodded.
"The minister thinks that the stock exchange will be closed immediately." Sun Chengzong said.
"My master, I'll talk about this later, I will deal with this stock incident." Zhu Youxiao still did not express his position.
"I don't understand why His Majesty is still reluctant to close the stock exchange?" Sun Chengzong can see it clearly now.
"The pros outweigh the disadvantages of setting up a stock exchange, and the Dutch stock exchange has been around for more than thirty years, and the Dutch stock exchange has proven it. This time, it is because the shareholders have completely lost their rationality that such a situation will occur, and they should recover some rationality after receiving this lesson. Zhu Youxiao said.
Sun Chengzong was also skeptical of Zhu Youxiao's words, but he firmly believed in Zhu Youxiao's ability, and he decided to carefully study the stock exchange after he went back.
……
After Zhu Youxiao returned to the harem, he immediately went to Gu Mei to deal with this matter, "Gu Jieyu, how much money can Ruixiang Woolen use now?" ”
"The funds that can be used are about two million taels." Gu Mei said.
"I need you to send someone to Nanjing to deal with the stock exchange, and this matter needs to be kept strictly confidential." Zhu Youxiao said.
"Is Your Majesty trying to buy stocks?" Gu Mei asked.
"Yes, if the price is within 100 yuan, no matter how much, you will take it." Zhu Youxiao said.
"The concubine is afraid that two million taels is not enough, and according to the price given by His Majesty, it will not be able to support it at all." Gu Mei said.
"Surely, maybe more." Zhu Youxiao said.
"Your Majesty, the value of the shares circulating in this market is said to be more than 10 million taels." Gu Mei emphasized.
"Once the stock starts to go up, some people won't sell anymore, and some people will buy after it, which is taking advantage of the herd effect of people." Zhu Youxiao explained.
"The concubine will do it immediately." Gu Mei nodded. Regarding Zhu Youxiao's words, Gu Mei was convinced.
"I hope that this time they will learn their lesson and stop blindly following the trend." Zhu Youxiao said softly.
(End of chapter)