After the complete reconquest of the Daqian Kingdom, Li Xin's prestige reached its zenith!

Moreover, especially under the successive policies, the people also greatly supported Li Xin!

With the support of a series of tax-free policies, people have a lot of spare cash, and businesses are gradually starting to prosper.

With more spare money to buy things, people's use of the new banknotes was greatly promoted.

During this period, the new banknotes were gradually rolled out from Dongning, Liaodong, and the capital to all the provincial capitals of the Great Gan Kingdom.

The newly issued banknotes are convenient to use and easy to carry, and these advantages have led to their widespread circulation.

This creates a virtuous cycle!

The general public has confidence that the new banknotes have advantages, stable value, and are easy to circulate.

Once this virtuous cycle is established, the number of banknotes issued by the banknote bureau will be too small.

With Li Xin in charge of the banknote bureau, he could manipulate things in this regard.

While malicious over-issuance of banknotes has a significant impact on currency stability, appropriate over-issuance of banknotes is conducive to the sustained growth of the social economy.

Therefore, Li Xin also instructed the banknote bureau to over-issue currency according to a certain ratio.

The extra banknotes naturally became part of the government's available expenditures.

These funds were invested in railway construction teams, housing construction teams, various bureaus, and industrial and mining projects.

After obtaining the money, these people were recruited as workers and paid monthly wages.

After receiving their wages, the workers also bought household items in the market.

Sales of items such as soap, liquor, cement, glass mirrors, cotton cloth, and even some iron farm tools and houses have also been boosted.

The prosperity of the commodity economy also led to a gradual increase in the country's tax revenue.

This is a virtuous cycle!

Therefore, Li Xin was not very worried about the low fiscal revenue.

One way the banknote bureau could manage this was by over-issuing banknotes.

However, Li Xin also knew that this was a double-edged sword, and if it was not controlled properly, it would inevitably backfire.

Therefore, Li Xin also instructed the banknote bureau to establish an investigation and statistics department to investigate and collect data on the sales prices of common goods, workers' wages, and grain prices in various provinces and cities.

Based on this data, we will conduct an analysis.

As long as prices do not rise significantly, it means that the currency value is relatively stable.

Keep everything within a reasonable range so that people using the new banknotes don't suffer losses!

These are all funds that can be spent!

However, compared to the massive construction movement being carried out across the entire country, it is still somewhat stretched thin, and even somewhat insufficient to cover expenses.

After all, the railway construction work undertaken by the railway construction engineering team alone requires a huge investment.

The Beijing-Dongning railway line has been under construction for two or three years, but it is still not fully operational, with only some sections open to traffic.

This project alone cost at least tens of millions of dollars!

Such a massive project required a huge investment.

Relying solely on the imperial treasury is unsustainable!

Not to mention railway projects like this, which Li Xin also planned a lot of.

For example, the railway line from Jinghai in Beijing to Jiangning, the railway line from Jiangning in Jiangnan to Songjiang, and even railway lines in other inland provinces, etc.

These are all in the planning and construction phase.

It was highly unrealistic to rely solely on the imperial court's financial expenditures for such a large-scale railway construction project.

After all, the imperial court didn't have that much money.

Therefore, Li Xin still adopted a different business model from later generations for these matters in this era.

That is—the shareholding system!

The railway lines were all reorganized into railway companies, and a shareholding system was implemented. Shares were distributed throughout the entire country to raise funds for the construction of railway lines.

This plan is also a method commonly used in later generations.

After all, railways are a new thing, and their impact is significant.

Moreover, the opening of the railway line from Beijing to Jinghai caused a great sensation.

Some astute businessmen naturally wouldn't let such a great opportunity slip by.

Even some wealthy families who want to make money will start from this.

Based on these considerations, Li Xincai made up his mind to re-divide the functions of the railway construction engineering team and the railway bureau.

The Railway Bureau was separated and established as the Ministry of Railways, which was responsible for coordinating major affairs such as railway planning and steam engine operation throughout the country, as well as the coordination of work among various railway companies.

Duan Yongzhi was appointed Minister of Railways!

The railway construction engineering team also spun off the Jingdong Railway (Beijing-Dongning) business to establish the Jingdong Railway Bureau.

The ownership of all shops along the Jingdong Railway, including those at Beijing East Station, Beijing West Station, and Jinghai Station, will be transferred to the Jingdong Railway Bureau.

Based on these fixed assets, the Ministry of Finance and the Ministry of Railways each hold 20% and 20% of the shares in the Jingdong Railway Bureau, respectively.

The remaining 60% of the shares of the Jingdong Railway Bureau were divided into 60 million shares, each priced at one guan (a unit of currency), and sold throughout the entire country.

This was used to raise funds to build the Jingdong Railway and its supporting branch lines, railway stations, shops, etc.

Li Ren appointed Lin Zi'an as the General Manager of the Jingdong Railway Bureau, giving him full authority over all matters related to the Jingdong Railway Bureau.

After all 60 million shares are sold, 60 million strings of cash will be raised.

With so much money, the construction of the Jingdong Railway will also have ample funding.

In addition, to facilitate the sale of shares in the Jingdong Railway Bureau, Li Xin instructed the Ministry of Railways to incorporate all the supporting branch lines along the Jingdong Railway into the Jingdong Railway Bureau.

For example, the line from the capital to Xuanfu, Yunzhong, and Dingxiang; the line from Shenyang and Liaodong to Yingzhou, Fuzhou, and Jinzhou ports; the line from Liaodong and Andong to Xinluocheng and Weizhou; and the connecting lines of Dongning, Liaodong, and the provinces of Sanjiang, etc.

These lines are all incorporated into the Jingdong Railway Bureau, which is responsible for their construction and operation.

The Jingdong Railway Bureau operates on a shareholding system, and profits earned will be divided equally according to the proportion of investment.

In the long run, once the Jingdong Railway Bureau makes money, the people who bought shares will also be able to share in the profits.

Li Xin is confident about this plan.

The Jingdong Railway Bureau will also set an example.

After its establishment, Li Xin also instructed Lin Zi'an and others to start publishing advertisements in newspapers such as the Jingcheng Daily, Jiangnan Daily, Dongning Daily, and Lingnan Daily to announce the establishment of the Jingdong Railway Bureau.

Furthermore, the business scope, operating routes, and business plans of the Jingdong Railway Bureau have all been made public.

The announcement regarding the share issuance by JD Railway Bureau is also noted below.

Each share was priced at one guan (a unit of currency) and sold throughout the provinces, prefectures, and counties of the entire Great Gan Kingdom.

The underwriters are Beijing Capital Bank and Qingyu Commercial Bank.

The funds raised will be used specifically for the construction of the Jingdong Railway and its branch lines!