At this time, the Second Opium War did not happen, and it probably wouldn't happen, because Britain and France could not defeat the Ming Dynasty with hundreds of thousands of new troops! And there was an opium in India.

The fields have also been reduced by more than half because there are fewer people buying (the biggest buyer is Jishi Bank now), but there are many more cotton fields. The booming Daming textile industry needs cotton very much.

After solving the cancer of opium trade, China's foreign trade has recovered its surplus. If Lan Fang's rubber and palm oil exports are included, the scale of this surplus is still quite large.

However, Sino-British trade was a deficit - the British Empire was not very easy to offend, so the Treaty of Ming and England included a bilateral tariff agreement, and the Ming Dynasty gave certain tax incentives to the British industrial products, especially machinery and equipment, to export to China.

Let the only imperialism in the world that could threaten the Ming Dynasty share the benefits brought by the Ming Dynasty's industrialization to the greatest extent.

After comforting the UK, the Ming Dynasty's bulk export commodities such as rubber, silk, palm oil, coptis chinensis, tung oil, and pig bristles can be exported to European and American countries with confidence and boldness to continue to seize the surplus. Therefore, the capital market in the Ming Dynasty is quite loose now.

The old foundation for the hundreds of years of trade surplus is still there, and new capital inflows have begun. According to HSBC's estimates, gold and silver that have now been deposited in China, including gold and silver that have been minted into gold coins and silver dollars, are worth at least 35 yuan.

Billion silver dollars!

Therefore, there is no shortage of funds. Moreover, after the development of the banking and money-making industry, the accumulated funds began to be absorbed into the financial system. As a result, the surplus of funds in China's financial system was caused by continued decline. It also gave Daming securities market a lot of funds.

The opening of the company creates favorable conditions.

Zhu Jishi nodded and said, "Since someone wants it, I will arrange to issue some later, but the various regulations and regulations of the securities market must be formulated first.

I will mention a few things first. First, banks and money banks need to strictly manage stocks and bonds. The number of self-held stocks must be set up, which in principle does not exceed 50% of the capital; second, an independent regulatory agency is required to be established to investigate listed companies.

The accounts and regulatory stocks and bond trading are carried out; the third is to establish a system for disclosure of major affairs of listed companies; the fourth is to disclose financial statements on time and regularly, and distribute dividends."

Skepel William looked at Zhu Jishi in surprise. In this era, the stock markets of various countries were very irregular and there was no supervision at all. Even he, a banker, could not explain so many regulatory methods. Zhu Jishi could

Having come up with so many tricks, it seems that it has been a day or two to think about this securities market.

Several people sitting there had similar ideas, and they didn't even make any more suggestions. Instead, Tang Qiwen asked: "Prince, should the cabinet participate in the establishment of stock exchanges and independent regulatory agencies?"

"No need," Zhu Jishi thought, "No one in the cabinet understands this... Let me issue an edict, and allow the Royal Consortium of the Ming Dynasty to initiate the establishment of the Daming Stock Exchange, and jointly select professionals to establish the Banking Association.

The specific securities management measures of Daming Securities Supervision Committee can be formulated by Daming Securities Supervision Committee and approved by me."

The conditions for formulating the Securities Law are definitely immature, because few people in the Constitutional Assembly have heard of the words of securities, stocks, and bonds. This matter can only be done first, and then everyone knows what's going on.

Formulate stricter regulations.

After deciding to establish a stock exchange, the first batch of listed companies in the Ming Dynasty were naturally decided: HSBC, Lixin Bank, Nanyang Rubber, Jishi Bank, Nanyang Bank, Far East Bank, Daming Telecommunications Company, Lan Fangxing and other eight royal families

The large companies controlled by the consortium were the first listed companies in the Ming Dynasty. Later, the stocks of these eight companies were called "old eight stocks". They are famous blue chips in the Ming Dynasty securities market.

"The issuance of stocks and bonds can be done now, and the major reform of the imperial examination... needs to be discussed for a long time." Zhu Jishi's fingers unconsciously hit the conference table, "So what other beneficial things can the Royal Consortium do?"

"Of course there are many things to do." Engels took over the topic, "For example, commercial port construction, most of China's cities are like huge fortresses, while many European cities have demolished the city walls and established water supply and drainage facilities.

The garbage collection system has built straight and tidy roads, and some have also established public carriage systems. I think the Royal Consortium can cooperate with local governments to plan and build some emerging towns according to the standards of Western cities.

By the way, the revitalization of Beijing should also be placed in a very important position. Because the royal family owns large areas of land and real estate in Beijing. Now Beijing is almost an empty city. If we can re-plan and revitalize Beijing,

The royal family's land in Beijing should appreciate significantly."

This is... the city building movement and the old city renovation movement! It can not only stimulate employment, but also develop real estate, and also stimulate economic development. Officials from a certain country in later generations are not a loss, but they are disciples of the great god En, and this can be thought of together.

Emperor Zhu looked at Engels with a smile: "Is there any?"

"We can also cooperate with local governments and hire foreign experts to conduct a census of mineral resources in various places to lay a solid foundation for further development and utilization."

"In addition to the stock exchange, property exchanges can also be set up to trade spot and futures for commodities such as silk, rubber, grain, coal, and steel."

"In addition, the Royal Consortium can cooperate with the Royal Education Group to establish some industrial research institutes and junior colleges, such as textiles, steel, shipbuilding, chemistry, construction, pharmaceuticals, agriculture, mining, finance, commerce, porcelain, animal husbandry, machinery, etc.

The industry also needs to hire foreign experts to teach and research to cultivate professional talents in China.”

"Furthermore, the Dagong Press publishing company should not be ignored, or should pay more attention to it, because public opinion propaganda is also extremely important to the industrialization of the Ming Dynasty. Investment should be increased. You can start printing factories to issue newspapers based on the cable telegraph network of the telegraph company.

, strive to make newspapers such as Ta Kung Pao, Da Ming Times, and Industrial and Commercial Daily into national newspapers that are simultaneously distributed nationwide."

"In addition, the Royal Consortium can also invest in establishing commercial ports overseas, and the Yokohama Fan model is very good. Now Yokohama has shown signs of replacing Nagasaki as Japan's first commercial port. The Ming Dynasty Royal Consortium can use similar means to be in Hawaii and the United States

The West Coast and South America invested in the establishment of several Chinese commercial ports as strongholds for global trade…”

"Finally, Your Majesty, the whole of Europe knows that you are a great doctor. So should the royal consortium donate money to open some hospitals? There are only two or three decent hospitals in the Ming Dynasty, are there some fewer ones?"

Engels was very clear about industrial development, urban construction, national education, international trade, public opinion propaganda and medical care. The royal consortium is almost becoming a shadow government, at least it is a National Planning Commission!

But isn’t the Royal Consortium now a super giant who has mastered the lifeline of the Ming Dynasty’s economy? Its role is indeed similar to that of the state-owned enterprises in later generations. It is a “planning committee” to lead it…

"Friedrich..."

Zhu Jishi looked at Engels who had already made the suggestions: "I think you are willing to be the first general manager of the Ming Dynasty Royal Consortium?"

"General Manager of the Royal Consortium? Am I?" Engels did not refuse, but thought carefully before nodding, "His Majesty the Emperor, I think you are very interested in the suggestions I just made?"

Zhu Jishi nodded: "Yes, the royal consortium is now the largest consortium in the Ming Dynasty. Its annual net profit exceeds 40 million silver dollars, which is almost 60% of the annual income of the Ming Dynasty. What reason does it not assume corresponding social responsibilities?

?So I agree with your opinion." As he said that, his eyes swept around the conference room and fell on Owen again, "I also want to ask Mr. Owen to be the deputy general manager of the consortium."

Robert Irving owed: "I am very willing to serve His Majesty."

Zhu Jishi said again: "Everyone here, as well as Mrs. Duran and Imperial Consort Maria, will all be members of the board of directors of the Royal Consortium. I hope you all work together with me to make the Royal Consortium maximize the industrialization of the Ming Dynasty.
Chapter completed!