Lu Renbing has no intention of engaging in industry at all, so he thinks about speculation. He observed for a long time before he basically figured out the stock market in Shanghai.

At this time, the stock exchange in Shanghai was still in its most primitive stage, and the Chinese did not have their own stock exchange, and the Huhai Stock Exchange in the concession area, which was renamed Zhongye Gongfu only two years ago, mainly bought and sold the stocks of foreign companies, government bonds, and gold coin bonds of the Qing court. It is in the mall at the intersection of Sichuan Road and Nanjing East Road. The country's own stock trading is mainly concentrated in the Huifang Tea House on Daxin Street.

The transactions in the teahouse mainly rely on brokers. The stock trading in the Zhongye Public Exchange relies on stock member brokers, with a total of 100 seats, and 13 seats for Chinese.

Lu Renbing has the impression that there was a rubber crisis in this era, which directly led to the financial crisis at the end of the Qing Dynasty, and a large wave of bank bills collapsed, and all the road construction funds in Sichuan were lost. It directly led to the occurrence of the Baolu Movement, which put a key nail on the coffin lid of the Qing Dynasty.

However, this crisis is just budding now, and there are only a few rubber companies listed on the public office. There has not yet been a large-scale bubble.

The shares of the legendary Langezhi company were only sold for 30 taels a share, although the boss tried his best to build momentum for the rubber industry, but now the market is not enough, and the growth of rubber stocks is still within a reasonable range.

If Lu Renbing didn't have money urgently, it would be more cost-effective to buy rubber stocks now. But waiting more than two years for the harvest to be too slow.

Stock trading nowadays is quite primitive, with no trading floor and no electronic screens. Not even the original chalkboard chalk trading cards.

Stock trading is done by brokers or brokers, the procedures are more cumbersome, exchanges and brokers charge trading commissions, the transaction is original and slow, and it is easy to be manipulated.

In this era, the trust of Chinese people in stock trading is still very low. People who dare to enter the stock market are people with a very adventurous spirit, and the stocks they buy and sell are also stocks and securities with relatively good reputation. People in China as a whole have little understanding of financial and economic knowledge.

The Chinese people of this era knew that foreigners had built exchanges in the concessions, which was not good for the Chinese. But what exactly the harm will be is unknown. There are more problems in the stock trading in the teahouse, speculation is prevalent, and there is no legal constraint, the brokers run away with the investors' money, and the partnership to raise the stock price or something happens from time to time.

Most people's views on the stock market are not very positive. Just this past June, Zhou Shunqing, a tycoon in the coal, iron and silk industries who was owned by Yuan Zizhuang, a businessman from Shanghai and a native of Wuxi, united with a group of powerful businessmen in Shanghai to plan the establishment of a Chinese stock exchange. As a result, it was not approved by the imperial court, and there were many objections from the Shanghai business community, and the exchange was not built.

In any case, the trading of Chinese stocks and securities is chaotic now, and there is not even a fixed location. From 1903 to 1907, the provinces of China set off an upsurge of collecting shares to build railways, and these railway stocks also entered the market. There are endless business opportunities and wealth here.

For Lu Renbing, who has no background and connections, these are all fat meat that can be seen and cannot be eaten. He had to find a suitable entry point. An exchange that a big guy can't run, and of course he has no chance if he has a mud leg. It's too boring to start an intermediary company that specializes in stock reselling like any other businessman.

After thinking about it for a long time, Lu Renbing felt that he should start with a newspaper. In any era, information is the most important asset. In the current domestic market, there is indeed a lack of professional financial newspapers and publications. And this is the blue ocean discovered by Lu Renbing.

His idea is to set up a financial weekly, which is dedicated to introducing financial knowledge, translating and serializing foreign financial books, collecting trading information on stocks and securities in various parts of the country, and updating the price information of bulk goods at home and abroad in real time. Well, as long as this kind of publication is willing to work hard, there is no need to worry about no buyers in this era.

It is estimated that there are more than 200 newspapers that can be named in Beiping and Shanghai alone, but most of the newspapers are money-losing goods, and the reason for the closure of newspapers is not the seizure of the Qing government. It was because there was no money that it went out of business.

But Mr. Lu was confident and sold the newspapers. No matter what era it was, it was the rich who were engaged in finance.

Well, with the idea in mind, Lu Renbing began to work on the newspaper. He didn't care about the matter of the Chinese Women's Daily for the time being, and handed it over to those young people to toss, anyway, in this era, advocating women's rights is politically correct and not afraid of things. I should put all my energy into the upcoming "China Financial Weekly".

There are so many things that need to be done to start a new newspaper. Lu Renbing is also a person who pursues perfection, and he positions the weekly magazine as a high-end magazine, so it must be upgraded from the point of view. Often use other people's printing halls, the quality is simply uncontrollable, and you must have your own printing house.

Fortunately, in the Shanghai market, there is no shortage of compradors and brokers. Lu Renbing bought a full set of printing equipment through someone, which is still a relatively advanced mill machine, which is said to be the only American product in Shanghai. Because of the Chinese Exclusion Act, the entire Qing Dynasty has been boycotting American goods in recent years.

The set of machines that Lu Renbing bought, after it was shipped, caught up with the boycott of American goods. Heaped in the warehouse and eaten ashes for two years. This year, in order to recover their share of trade in the Eastern Empire, the Americans just sent a note in June, preparing to return the Gengzi indemnity money belonging to the United States to China for the development of China's educational undertakings.

When this news came, it was only when it came that the anti-American sentiment in the country was slightly cooled down. Lu Renbing had the opportunity to get the machines from the warehouses in the American merchants' concessions at a relatively low price.

Although the Milley machine is said to be a relatively advanced machine, it is true that there is really no market in China now. The high-end machines of the people of Shanghai and Haihai all recognize German and British goods, and the cheap goods recognize Japanese goods, and the American machines are not popular at all.

To be honest, Lu Renbing also had a lot of trouble buying these machines, because no one had used these machines, and he had to hire foreign technicians to train workers, which was a big expense in the past. But Lu Renbing's luck is so good. Now we are catching up with the Americans to the banking crisis, which has not yet reached its peak, but the consequences are already being felt. Add to that the fact that the American economy has been in a state of crisis since 1903.

This bearded man who came to China to sell printing presses, who had been in Shanghai for two years, just got the news a few days ago that his domestic company had gone bankrupt and his boss had committed suicide. He is now unemployed, and he has to pay for the warehouse himself.

This guy was drunk in a bar in the concession, and Lu Renbing also happened to catch up with him when he was hanging out before. At that time, Lu Renbing was thinking of buying a ferry ticket and going to the United States to take advantage of the banking crisis to make a quick buck. He had thoroughly studied the pros and cons of every financial crisis in history, and was waiting for the time to speculate.

Therefore, he paid special attention to the American businessmen in the concession to see if there was an opportunity to cooperate.