At the Datang Stock Trading Center, Changsun Chong and Zheng Hai stepped out of the door at the same time, then looked at each other and breathed a sigh of relief.

"Brother Changsun, go to Wuheju to have two drinks?"

Zheng Hai showed a rare smile.

This is not to say that he made money in stocks today, but had accepted the very cruel reality before, but the result today is better than before.

This was enough to make him breathe a sigh of relief.

After all, being able to recover 20% or 30% of the losses is already a very good result.

"Okay, it's just that the pressure has been a bit too high these days, so go and relax. If you want me to see, don't go to Wuheju. Let's go directly to Pingkangfang and find an elegant brothel, and listen to the girls playing the piano while tasting wine."

Changsun Chong's results today are obviously quite satisfied.

Yesterday, Fang Yiai and his group came to Datang Stock Exchange to buy stocks on a large scale, and he immediately got the news.

But because he was not sure what purpose was behind Fang Yiai and the others doing this, he held his hand yesterday and did nothing.

After a good communication with Aye in the evening, he confirmed that the court had no new policies recently. It is estimated that Fang Yiai and his group were going to help the Chu Prince's Mansion to drive the market on the exchange.

Because Your Majesty has a lot of opinions about the current stock market situation.

"No problem. Today I have to thank Fang Yiai for his self-righteous people, otherwise we would not have escaped so smoothly. I see that at least tens of thousands of stocks were sold today. I hope they can catch them. Otherwise, the stock price will be more severe if it is tossed like this."

Zheng Hai walked out while talking to Changsun Chong.

"By the way, Brother Changsun, do you think Fang Yiai, Cheng Chumo and Yuchi Huan have come to the exchange to buy stocks in the past two days? Logically speaking, under such a decline, no one dares to buy stocks at will in a short time; a few days ago, many people who thought that the stock price fell and their chances came, bought a large amount of stocks with confidence, but ended up losing most of their wealth.

If it is someone who borrows money to buy stocks, it will be even more unlucky. Not only will he lose almost his family fortune, but he will not be able to repay the money he borrows. As long as the other party collects debts, it will basically end up with the family being destroyed."

"I originally thought they had received some insider information, but I asked me Aye and asked people to go everywhere to inquire about the news, but I didn't hear that there was anything big that I didn't know. The only thing I learned was that the day before Fang Yiai and the other three took action, they all went to the Chu Palace."

"Did they all go to the Chu Prince's Mansion?"

When Zheng Hai heard this, he felt that there should be a story behind it.

There is no such coincidence in this world. The three of them went to the Chu King's Mansion together, and then went crazy the next day to the Datang Stock Exchange, buying various stocks crazily.

That move is somewhat similar to when everyone sold it.

"Yes, the four evil spirits in Chang'an City gathered together, and I don't know what was discussed, but for some reason, they would definitely not have a sudden party at this time. I suspect that Li Kuan felt the pressure put on him by His Majesty, and took Fang Yiai and the others to help him make the stock market prosperous again."

Changsun Chong thought about it, but he could only think of this guess.

"Everyone's money didn't fall from the sky. Fang Yiai and the others were so stupid. Are you really willing to take out the real money and waste it?"

"I don't know this, maybe there are any shameful deals behind it."

"The people of Fang Yiai are so easy to fool? Li Kuan didn't leave the market to buy stocks, but he fooled Fang Yiai and the others to buy them. This is a real joke."

Zheng Hai felt that he understood the current situation a little.

It seems that the rebound in the past two days will definitely be a reflection of Buddha's light. Once Fang Yiai's financial support cannot exceed the orders in the stock market, the rise will be more and the decline will only be faster.

"This is Zhou Yu's fight against Huang Gai, one is willing to fight, the other is willing to be beaten. Fang Yiai and the others were originally ignorant children, otherwise they would not have become the four evil spirits of Chang'an City like Li Kuan. However, you see, their status in their respective families is definitely well-known.

Why did this change happen over the years? To put it bluntly, Fang Yiai and others, led by Li Kuan, made a lot of money and expanded their family's industries overseas.

Although tens of thousands of guan is not enough, compared with the profits these families have made through cooperation with the Chu Prince’s Mansion over the years, it should be just a less exaggerated number."

The more Changsun Chong said, the more he felt that what he said made sense.

"That explanation seems to be a bit off! Forget it, we don't care about that much of him. As long as the one who is unlucky in the end is not us, they will just go and go. We'll just watch the show here."

Changsun Chong and Zheng Hai each boarded the carriage, and then drove to Pingkangfang under the driver's drive.

...

In the Summer Palace, Li Kuan was called over by Li Shimin again.

At the same time, Fang Xuanling, Changsun Wuji, Cen Wenben, Xiao Yu, Tang Jian, Gao Shilian and others were also in the Palace of Yangxin.

"Kun'er, the situation on the Datang Stock Exchange has finally stabilized in the past few days. However, this fluctuation has exposed many problems in the exchange. Today, I have summoned my dear friends to discuss, just to review how to improve the relevant system of the exchange."

Li Shimin opened the door to Jianshan and expressed his views, and then announced the beginning of the meeting.

Next, he mainly relies on listening and will only express his views at critical moments.

"Your Majesty, this stock market is like a casino. People buy stocks that can appreciate in value. In fact, many stocks will fluctuate in various ways. People often buy stocks when they are high, and then immediately falls, which makes everyone frightened.

If I ask me, the significance of this Datang Stock Exchange is not very high; because workshops that require funds can go to the Datang Royal Money House to borrow money, and the interest rate is not very expensive; if everyone goes to the stock exchange to sell some of the stocks, the procedures may be even more troublesome."

Li Kuan supported it, but Changsun Wuji opposed it.

Especially this time, he seized Li Kuan's handle and the Changsun family was hit hard in this round of stock houses. Changsun Wuji must have jumped out and said.

"Wuji's words make sense. Stocks were sold on exchanges and attracted many people who didn't know the truth. They were completely unsure of the situation of this workshop. They just followed others to buy or sell it. Once there was any disturbance, there would be great fluctuations.

There are not many stocks traded on the Datang Stock Exchange now, but this time it has brought such a big impact. If the number of stocks traded in it doubles a few times, Chang'an City may be in chaos.

Your Majesty, for the long-term stability of the Tang Dynasty, it is best to close the Tang Dynasty stock exchange, otherwise there may be a big mess at any time. Not all emperors will be as talented as your Majesty.”

Gao Shilian and Changsun Wuji have always been advancing and retreating together. In addition, the Gao family has suffered a lot of losses this time, so they are angry, so they naturally support Changsun Wuji's proposal.

"Although stock trading fluctuations have brought some confusion, this is just because stocks are new and people don't know much about it. In addition, the relevant rules and regulations in the Datang Stock Exchange are not particularly complete, so what happened recently has happened.

In essence, this does not mean that there is something wrong with Datang Stock Exchange, nor does it mean that stocks are not good. For many workshop shopkeepers who do not have strong funds, letting their own workshop shares trade on the exchange is a very convenient way to raise funds.

Of course, Wuji also said that if the workshop is short of money, you can go to the bank to borrow money; but the loan requires interest and must be paid back. Not everyone is willing to bear heavy repayment pressure, which is not conducive to the construction of the new workshop.

As the Tang Dynasty developed to this day, the contribution of various workshops in Chang'an City is obvious to all. More than ten years ago, who could have imagined that the annual tax revenue of the imperial court could reach this level?

You have read the annual tax statistics of the Ministry of Revenue. Each workshop and shop contributed more than 30% of the taxes to the court, and in Chang'an, Liangzhou, Dengzhou and other places, the proportion has exceeded half. What does this mean? This shows that half of the salary paid to everyone by the court is contributed by these workshops and shops.

The abolition of the Datang Stock Exchange will be a major blow to the development of workshops and shops, and it will also be a major blow to the Datang tax revenue. If anyone can guarantee that the future tax revenue can maintain the average growth rate in the past three years, then we will have no objection to the Ministry of Revenue to cancel the exchange.

Otherwise, let’s talk about how to improve the stock trading system, how to reduce the risks brought about by the stock surge and plummeting as much as possible, and how to make the exchanges enter the control of the court as much as possible."

Tang Jian was also an old minister of the Tang Dynasty.

Now he is in charge of the Ministry of Revenue, and he already knows the purpose of Li Shimin coming to discuss the matter this time, so he is not polite to criticize Changsun Wuji and Gao Shilian.

"What you said makes sense. It's like silver coins have two sides, and no matter which side, there will be good or bad. The Tang Dynasty Stock Exchange has brought some chaos to Chang'an City during this period, which is an objective fact; but the existence of the exchange has accelerated the development of some workshops and shops, provided more people with opportunities to work, and paid more taxes to the court. This is also the fact that the guest officials have.

We cannot give up on food because of choking. If something goes wrong, it will be banned. If we really want to talk about the problem, droughts and floods will occur in some places every year, which will have some impact on grain planting. So should we just let these places not plant grain, and all the people will move to other places. In this way, no matter whether these places continue to have drought or floods, the court does not need to worry about it.

Obviously, this is not the case. One is one, two is two. There are some problems in the exchange that we must face up to, but the exchange has made contributions and meaningful contributions to the development of the Tang Dynasty. We cannot selectively ignore this issue.

So I agree with Maoyue’s opinion. Today I should talk about how to improve the stock trading system, rather than discussing whether to ban the Datang Stock Exchange.”

Fang Xuanling has always supported Li Kuan, and he does think that the existence of the exchange is more beneficial than disadvantages, so he also stood up to support Tang Jian at this time.

After all, both public and private, he needs to stand in the same camp as Tang Jian.

"Your Majesty, all the dukes, why don't we listen to what Your Highness the King of Chu say? After all, the Tang Dynasty Stock Exchange was established by Your Highness the King of Chu, and the stocks were also created by Your Highness the King of Chu. In Chang'an City, no one in the city of Chu has more say in the exchange and stocks than Your Highness the King of Chu."

Cen Wenben took a lot of tricks. He didn't stand on Changsun Wuji's side, nor did he stand on Tang Jian and Fang Xuanling's side, but became a centrist like a mud.

But at this moment, what he, the centrist, said was very consistent with Li Shimin's intention.

"Well, what you all said makes sense. Kuan'er, then just tell me what you think."

Li Shimin refused to comment and did not express who he supported.

This is also normal. Even many people have guessed Li Shimin's thoughts. As an emperor, he will not express his attitude easily until the last moment.

To a certain extent, this is also a way to be a king.

"Affect the Holy Order!"

Li Kuan glanced around and saw everyone's expressions.

Then he started his own speech.

"The existence of stocks or the existence of exchanges has four important significance. First of all, stocks are an important way to raise funds in workshops; not everyone can borrow money from money shops, nor do everyone's money in their hands know what to do to ensure that they do not depreciate.

In recent years, with the continuous inflow of gold and silver, you can clearly feel that the currency is depreciating, that is, the silver coin you can buy ten years ago is different from what you can buy now.

Of course, some people may use food as an example, thinking that the current price of food is lower than ten years ago, and there is more food that can be bought in a silver coin.

However, except for the grain and a small number of products that were originally unable to produce in large quantities, but now have achieved a rapid increase in production, other things have basically become more expensive.

Ten years ago, how much did it cost to hire a helper, how much does it cost now? Ten years ago, how much did it cost to buy a house in Chang'an City, how much does it cost now? Ten years ago, how much did it cost to eat a meal in a restaurant, how much does it cost now?

Overall, the gold and silver of the Tang Dynasty were depreciating. Even if the impact of currency depreciation was not taken into account, the people hoped that the money they had could increase.

The emergence of stocks and stock trading not only provides workshop owners with channels for financing, but also utilizes the idle funds in the hands of the people in society, provides people with means to appreciate wealth, and improves the efficiency of capital use for the Tang Dynasty. It is very beneficial for the development of the country."

It is rare to have such a good opportunity, so Li Kuan naturally wants to popularize financial knowledge for everyone.

What I want to do in the future is not just stocks.

If a single stock has already made everyone feel restless, it is not the scene that Li Kuan wants to see.

"Secondly, the issuance of stocks can also provide workshop owners with the opportunity to diversify risks. No matter what workshop it is, there are always risks when it is run. Especially for some emerging workshops, what they do are made by no one in the past, the risks will naturally be very large.

It is very likely that the money will be invested in the workshop in a bankrupt manner, but the workshop cannot be operated anymore. Many people will definitely not be willing to face this loss. Of course, it is also possible that after taking such a desperate bet, the workshop will be very successful and its wealth will suddenly increase.

However, no matter which one it is, for the workshop owners, they may not want to take such a big risk; and if they issue stocks, they will take out 20% or even more stocks to trade on the exchange, so that the risks of the workshop owners can be reduced and the people can also give them an opportunity to participate in workshop investment."

"Third, stocks have investment functions. You have noticed that I am talking about investment functions, not speculative functions. The price of stocks mainly comes from the value of the workshop itself. The better the workshop is, the better the future, the higher the price of the stock will be; similarly, if the management is not good, or the losses are repeated over the years, then its price will be very low.

Of course, it is undeniable that the price of stocks is related to the beliefs of the people who buy stocks. If most people who buy stocks think that a stock is good, the price of the stock will be speculated; in turn, the stock price will fall. The price of each stock will fluctuate with the "belief" in the hearts of countless people who buy stocks, and it will go back and forth.
To be continued...