That day, Fu Xiaoguan talked about shares and stocks for a full five hours!
For the first time ever, the eldest princess had lunch at the Fu Mansion.
When she left in the evening, she not only left Yu Wendao's one million taels of silver to subscribe for 500,000 shares, but she also took out one million taels of silver of her own and subscribed for 500,000 shares.
"This is all my property. My future retirement savings will depend on you. If I lose it..."
Fu Xiaoguan still remembered the look in the princess's eyes when she said this when she left the Fu Mansion. What the hell, it's clearly written in the subscription agreement that the investment is risky, and you just ignored it?
Subsequently, Sitong Money House opened on the first floor of Sitong Building, east of Qingluan Lane. Its chief manager was Li Jindou, who had come from Baolong Money House. On the opening day, a large prospectus was displayed at the door of Sitong Money House, along with numerous instructions for stock subscription.
Basically, Sitong Money House is investing in Xishan Industry and needs to raise 8 million taels of silver. Every two taels of silver is one share. Everyone is welcome to subscribe, as well as the possible gains and losses of this thing.
Of course, in Fu Xiaoguan's plan, stocks will be listed on the market at an appropriate time next year. That is, Sitong Money House will serve as a platform for commercial institutions to go public and raise funds, allowing workshops that need funds to expand production scale or update technology to list and issue stocks on Sitong Money House, etc.
This thing was new and attracted a lot of people on the opening day. However, apart from Ning Yuchun, Huo Huaijin and the Third Princess, there were many people watching the fun, but few who dared to actually take action.
"Sitong Bank? No, is Mr. Fu trying to get something for nothing?"
"Didn't you see it says that the Xishan property is pledged as collateral?"
"The Xishan Industry is valued at 50 million taels of silver... I wonder who made that assessment? Xishan Industry doesn't even have a gold mine!"
"But Xishan's industry is indeed impressive. Haven't you seen the soaps, perfumes, etc.? And Rouge Tower is now also part of Xishan's industry. No matter what kind of product it is, it's all delicious."
"Since you are so optimistic, why don't you subscribe to a few shares?"
"Let me take another look."
"Let me take another look. Two taels of silver may not be much, but I saved it with great difficulty."
"No, do you really understand this stock market? You put in real money, and all you get in return is a piece of paper!"
"... I'll learn more about it. Given Mr. Fu's talent, I think it's feasible."
Many merchants who came to the capital also gathered at the Sitong Money House, and the role of the local government became apparent.
The Sitong Money House is several times larger than the Baolong Money House. Many tables and chairs are set up inside according to Fu Xiaoguan's requirements, and many lanterns are hung. Even the walls are decorated in a very stylish way.
The Ministry of Commerce's office had not been renovated yet, so Li Cai was left at the Sitong Money House by Fu Xiaoguan, responsible for explaining to those who came to ask questions.
He said his voice was hoarse this morning, but when he looked at the result at noon... it was all in vain!
Two taels of silver per share, excluding the more than two million shares sold internally, only one hundred shares have been sold so far!
The situation was completely different from what he had imagined last night!
I thought that once such a good thing was launched, it would definitely sell out quickly, but now it seems that the situation is not good!
He had just sat down and wanted to drink a sip of water when he saw a girl of about seventeen or eighteen walking in cautiously.
She is Jiang Yu from Wuweizhai. She heard from the neighbors that Master Fu had set up a Sitong Money House and was selling something called stocks - that is, using the silver in one's hand to exchange for a piece of paper!
This thing is quite interesting.
Jiang Yu believed that it was definitely not ordinary paper, so she ignored her husband Liu Xiuping's dissuasion and came to the Sitong Money House with two thousand taels of silver notes that she had saved over the years to buy a small courtyard in Jinling.
She squeezed into the crowd holding a small bag, thinking that what Master Fu was doing was very popular. With so many people here, the business must be very good. The sign outside said that they wanted to raise 8 million taels of silver, which really scared Jiang Yu. But then she remembered that Master Fu was a big businessman, and 8 million taels of silver didn't seem like a lot for him.
Don’t sell out!
Liu Xiuping followed Jiang Yu closely, extremely anxious.
He knew that Fu Xiaoguan had done them a great favor, but this was not the way to repay a favor!
Two thousand taels of silver!
Besides, the neighborhood didn't think much of this thing. Think about it, if you buy Xishan shares, Xishan Industry will make a profit, and every quarter you'll get a dividend based on your shareholding ratio—how much can you get? What if you lose money? Wouldn't that mean you'd lose all your money?
"Fish, how about we take another look?"
"Don't, it will be gone if you're too late."
"There are a lot of people here, but how many of them actually buy anything?"
"I'm telling you, Liu Xiuping, by the time these people realize what's going on, you won't be able to buy it even if you want to!"
When Li Cai heard this, he thought, wow, this girl has good taste.
So he went over cheerfully and introduced himself: "I am Li Cai, the Deputy Minister of Commerce. I have been entrusted by Minister Fu Xiaoguan, Lord Fu, to explain this new thing about stocks to you. Miss... Hey, hey, hey, girl, I haven't finished speaking yet!"
Jiang Yu glanced at Li Cai and said, "What a pedantic explanation! By the time you finish explaining, I'm afraid all the stocks will be gone!"
So she went straight to the counter, took out the two thousand taels of silver from the package, and handed it to the old shopkeeper Li Jindou, "I want to buy one thousand shares!"
Liu Xiuping stomped his feet and said he couldn't live like this anymore!
“Ginger fish!”
Li Jindou had just happily accepted the banknote and was about to fill out a subscription form when he looked up and saw...
Jiang Yu frowned and turned around, "Don't be so loud."
"If you dare to buy it, I will divorce you!"
Jiang Yu was stunned for a moment, "You want to divorce me? Just for this?"
"Xiao Yu, this is the money I saved up after working day and night for five years. Don't you think about it? There is no such good thing in the world! Since Xishan Industry already has the strength, why would it have to cheat money in this way?
I guess Xishan Industry is about to go bankrupt. Or, even if it can really make money, don’t they have the final say on how much dividends can be distributed?
How can money be kept safe in your own hands when it is handed over to others?"
Liu Xiuping's earnest words did not move Jiang Yu, but instead moved the onlookers.
"That's right. You were thinking of sharing some of the profits, but Xishan was after your principal."
"I admire Mr. Fu's literary talent, but he made such a move..." The man shook his head, turned around and walked away, almost bumping into someone head-on.
He was Shang Yu. After court, he heard about what Fu Xiaoguan was tinkering with, so he came to take a look.
It seems that what Fu Xiaoguan made is not very popular, so I will just support him.
Shang Yu shook his head and walked to the counter, "Boss Li, give me 500 shares!"
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