“That’s crazy!”
Even Fu Xiaoguan himself had not expected that people in this world would be so enthusiastic about buying stocks.
The people may not have much money, but they have more people!
One tael of silver per share, and each person bought thirty to fifty shares. There are nearly one million people in Wofeng City now, which means thirty to fifty million shares... They don't seem to know that this thing is very likely to fall. Even though there are eye-catching words written on the door of Sitong Money House, they still blindly believe that as long as they buy stocks, they will pick up silver.
It is precisely because of this confidence that they do not know where it comes from that they hold on to the stocks they bought tightly, which leads to a decrease in the liquidity of various stocks in the stock market, and the market is bullish all the way.
“This is not a good thing!”
"Why is it not a good thing?" Yun Xiyan asked.
In Yun Xiyan's opinion, stocks are simply a stroke of genius!
Merchants have raised ample funds through the stock market, and ordinary people have gained huge profits through the stock market. This is definitely a great way to have the best of both worlds, but why does Ding Anbo say that this is not a good thing at this moment?
"Think about it, a stock that was once worth one tael of silver per share has now risen to six taels. Where did the extra five taels of silver come from?"
"Of course it's generated by transactions!"
"Yes, then let me ask you, if someone buys it for six taels of silver, does he need to sell it for six taels of silver or more in order to make a profit?"
Yun Xiyan nodded.
“What if no one takes over?”
Yun Xiyan was stunned. Yes, if no one takes over, wouldn’t the stock market become a stagnant pool? Wouldn’t those who hold stocks at high prices suffer heavy losses in the end?
"Unless the companies they hold shares in can generate substantial profits! Only when these companies create sufficient value and return the profits to them through dividends...this contradiction won't become apparent now, and it won't be a big problem in the next three to five years, because this is the period of economic growth in the Yu Dynasty."
Yun Xiyan understood the meaning of this statement. If the economy of the Yu Dynasty stagnated or even declined... it would probably be a mess.
"Then how do we deal with this problem?"
Fu Xiaoguan smiled slightly and said, "No need to deal with it for now."
"Why?"
"Without human intervention, the market will naturally adjust. An active stock market has its benefits. At least it indicates that the Yu Dynasty's economy is improving. Of course, those who buy stocks now are extremely blind. If we focus on the future... it is a barometer of the economy."
Yun Xiyan didn't understand, so Fu Xiaoguan didn't explain further. Instead, he asked, "Have you made arrangements for the gentry and nobles coming to Wofeng City?"
"Everything is settled. Here is the roster, sir, for your inspection. I have reserved the newly opened Sifanglou Restaurant. The banquet will begin tonight at 4 p.m."
"Okay, go inform Magistrate Ning that you and him should come with me tonight... Where are the most important patriarchs of the Ning and Jin families now?"
"Your Excellency, they are drinking tea at the Banshui Teahouse."
"...Go and invite the head of the Ning family to come to me right now. I'll meet him in the backyard and tell him... I'd like to invite him for tea!"
…
…
There were more than 480 gentry and nobles from all over Wofeng Road.
Among them, there are more than 30 gentry with clansmen exceeding 10,000 people, among which the largest are the Ning, Jin, Zhang families of Qingzhou and the Wei and You families of Qizhou.
At this moment, the patriarchs of the five major clans were sitting in the Banshui Teahouse with rather serious expressions.
Ning Lirun, the head of the Ning clan, stroked his graying beard, breaking the silence.
"You and I both stayed in Wofengdao because our family clans were too large. Upon his arrival, this Earl of Ding'an changed our identities to Yu people... I didn't expect him to actually invite us to Wofeng City, saying it was to admire the moon and discuss government affairs."
He grinned, "From what I've seen, I'm afraid you're going to show me your power!"
Jin Sansheng, the head of the Jin clan, nodded slightly. "Before coming here, I gathered some capable people in my family to discuss the matter. Earl Ding'an wouldn't attack us. After all, he has over three million Yi people in Wofeng Road. The most likely reason is that he wants to win us over. He needs a stable Wofeng Road, and we clan leaders are the cornerstone of his stability."
"According to Patriarch Jin...his action is not detrimental to us?"
"Master Wei, rest assured. Earl Ding'an's actions are most likely due to the conflict in Ningsang County." Jin Sansheng turned to Zhang Pingju, patriarch of the Zhang clan. "The Zhang family is the largest family in Hongye Village, Ningsang County. Master Zhang is naturally most aware of that conflict."
Zhang Pingju frowned slightly, "The Yu people bully me, can I just let them bully me?"
As he spoke, Zhang Ping raised his cane and pounded it on the ground. "Lord Ding'an, he's only in his prime, how could he really be so capable? I don't believe it, especially considering he actually appointed a woman as the magistrate of Ningsang County... Have you ever seen a woman in office? How could she command the respect of the people? I have to perform proper formalities when I meet her, and I'm not afraid of shortening her lifespan!"
The other four patriarchs all looked at Zhang Pingju, and Qizhou Wei said in a low voice, "Patriarch Zhang, be careful with your words!"
"Are you afraid of Fu Xiaoguan? I'm not afraid! What dares he do to me? If I lose even a hair, I guarantee that Qingzhou will never be at peace!"
Ning Lirun coughed twice. The three sons of Zhang Pingju used to be officials in Wofengyuan. But when Wofengyuan was assigned to the Yu Dynasty, they naturally lost their official status. However, they did not return to Yi State. Instead, they stayed there and were said to be doing business in Ningsang City.
"Master Zhang, please do not underestimate this Earl of Ding'an. It was this young man, in his prime, who acquired this land from the Crown Prince! I am old and only wish for peace."
"Master Ning, I heard that your Ning family has invested a large sum of money in mulberry planting and silkworm breeding in Weiyuan County. It seems that they have taken root there and will have to live a humble life. I remember that the previous Master Ning was not like this."
Ning Lirun flew into a rage: "Zhang Pingju, you're in Ningsang County, and I'm in Weiyuan County. We shouldn't interfere with each other. If you think Earl Ding'an is easy to bully, go ahead, but don't drag me into this mess!"
Zhang Pingju laughed heartily. He shook his head, his face filled with grief and indignation. "You, how long has it been? And you've already forgotten that you are barbarians! You are barbarians!"
As soon as he said this, the expressions of the other four family heads suddenly changed.
The four people had different thoughts. Some thought that Zhang Pingju's words made sense, while others thought that this guy was really crazy.
There was a sudden silence, and then the door creaked open, startling everyone. Then Yun Xiyan walked in leisurely.
He bowed to Ning Lirun and said, "Lord Ding'an invites Patriarch Ning to his house for tea!"
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