But in this vast ocean, it was useless even if he shouted at the top of his lungs.
We can only honestly seize opportunities and work hard day after day, and every bit of it will go to the public.
Half a month later, when the Biling Biling Baike dropped anchor at Caofeidian Wharf, although Mr. Zhao looked calm, his knees went weak when he went down the spiral staircase and he almost rolled off the boat...
Fortunately, Cai Ming was quick to act and supported the young man.
"It's not good to cover it with copper. It's too slippery!" Master Zhao coughed awkwardly.
"That's right, at least carve some patterns on it, and it can also prevent slipping." Cai Ming is much more talkative than Brother Gao, and he hurriedly helped the young master cover up the past.
"Very good, tell me which girl you like." Mr. Zhao nodded approvingly.
"Young Master, my boy is already eight years old." Cai Ming said embarrassedly. Seeing that such a talented young master was being squeezed dry, how could he dare to hope for the blessing of having two wives?
It’s better not to talk about marriage, just talk about money.
"Alas." Young Master Zhao was filled with regret and turned his gaze towards the dock unhappily.
A group of directors and executives of Xishan Group, as well as Young Lord Li Chengen, eldest nephew Zhao Shixi, as well as Zhao Xian and a group of disciples of Master Zhao... A large group of people had been waiting there for a long time, warmly welcoming Master Zhao and the young princess, President Jiang of Jiangnan Group, Prime Minister Zhang's daughter, and his two wives back to Beijing.
"Sister!" Li Chengen cried and ran onto the boat without even looking at Zhao Hao. "You've suffered..."
It is obviously me who has suffered. Zhao Hao complained in his heart, then he pulled himself together, bowed and walked towards the crowd, saying: "It's been a long time since we last met. You have come so far to greet me. It really makes my family suffer."
"Young Master, you are right. It's only right." Everyone smiled and said, "We really miss you so much."
"Hahaha, I miss you guys too!" Zhao Hao also laughed and kicked Xiwa away who was rushing towards him.
"Uncle..." Xiwa said aggrievedly.
"You've already been promoted to the rank of Jinyi Guard, but you're still so unstable!" Zhao Hao rolled his eyes at him.
"A nephew is still a nephew no matter how long he lives..." Xiwa laughed and ran onto the boat, saying, "I'm going to see my little brother."
Zhao Hao shook his head helplessly, greeted everyone one by one, and finally patted Zhao Xian's round belly and said, "You're growing well."
"Hehe, it's Chinese New Year, so you have to gain a few pounds." Zhao Xian also patted him and said, "You have lost a lot of weight."
"Ha..." Young Master Zhao thought to himself that it would be strange if I could gain weight. He changed the subject and said to everyone with a smile: "I saw it on the boat. Caofeidian has changed a lot now. It shows that you have put a lot of effort in the past few years!"
"Didn't the master teach us to know shame?" Zhu Shimao tilted his neck and said, "Of course we should know shame and then be brave."
"Yes, in fact, Xishan Group is the eldest son of the young master, but the second son, Jiangnan Group, has stolen all the glory. It's really shameful. Now even the third son, Nanhai Group, is catching up with us. If we don't turn over a new leaf and work hard, we might as well find a piece of tofu and die on it." A group of directors also sighed.
Xishan Group started out with resources, and it was too easy for it to succeed. A bunch of directors are nobles who rely on their ancestors' influence, eunuchs who rely on the emperor, former officials who rely on the imperial examinations... In short, they are a group of parasitic classes.
Can you expect coal bosses to be aggressive? They just make a living by selling coal, bragging, and driving up stock prices. Not to mention compared with Jiangnan Group, even compared with the rapidly growing Nanhai Group, they are far inferior.
The Fujianese were originally the most motivated group to make money. When the Nanhai Group helped them sort out their relationships and allowed them to work without any scruples, they desperately invested in setting up factories, overseas trade, immigration and reclamation, mining, privateering, etc.
We are not blind. Seeing that they have changed every year and made great changes in two years, we are naturally very optimistic about the prospects of Nanhai Group.
This made Nanhai Group's stocks popular. A large amount of idle funds flew from the cellars of landlords and personal savings accounts of Jiangnan Bank to the three major stock exchanges in Beijing Dashilan, Suzhou Shantang Street and Guangzhou Chengxuan Street to buy the new stocks they issued.
Moreover, these Fujian and Guangdong guys were bold and smart, and actually thought of adding leverage - they allowed customers to purchase their own stocks in installments. And they only had to pay 10% of the price in the first year!
In this way, you only need to pay one-tenth of the down payment to buy shares of Nanhai Group!
The stock exchange had never encountered such a situation before and did not realize what a tenfold leverage meant, so it quickly reported it for instructions.
At that time, Jiang Xueying happened to be visiting relatives in Luzon, and this area was under the charge of Liu Zhengqi, the vice president of Jiangnan Bank and chairman of Jiangnan Securities. Old Liu took a look and said, "Oh, it's not bad. It's a bit like the style of the young master who cheated me in the past."
He thought that if the buyers dared to default on their payments, the stock exchange could cancel their shares, so there should be no risk. He agreed to try selling the shares for a month at the Dashilan Exchange, where the traders were the most mature.
As a result, this test caused trouble. On the day when the new shares of Nanhai Group were listed, the share price rose from twenty taels to one hundred taels!
The next day, two hundred taels!
On the third day, four hundred taels!
It increased 20 times in three days!
The whole city of Beijing was in an uproar. Even Empress Dowager Li in the palace was anxious to have people sell all the other stocks they had on hand. She also took out the money saved in the treasury for the emperor's wedding and had people buy shares of the Nanhai Group.
However, on the fourth day, the stock market was closed. A sign hung at the stock exchange read:
'Due to the abnormal fluctuation of the share price of Nanhai Group (stock code: Jing 168), and the amount is particularly huge. After urgent research, the exchange decided to temporarily suspend the market for several days to protect the interests of investors and the smooth operation of the securities market. The opening time is to be determined.'
"You don't allow us to buy Nanhai Group, and you won't allow us to sell its stocks either?!" The frantic people smashed the big iron door of the stock exchange, but the people inside turned a deaf ear and refused to open it.
Of course he was not allowed to sell stocks. At this time, the director of the stock exchange had been surrounded and scolded by the furious directors of Xishan Group.
It was they who insisted on closing the market directly instead of just suspending trading of Nanhai Group's stock.
Normally, the stock exchange was not under their control, but seeing that this bunch of crazy nobles were about to set the stock exchange on fire, the director had no choice but to agree...
The reason why the directors of Xishan Group acted so out of control was simple: people were completely overwhelmed by the crazy rise in the shares of Nanhai Group.
They were all like Empress Dowager Li, who not only withdrew all her cash deposits, but also sold off other stocks on a large scale in an attempt to cash out and switch to "Jing 168".
People sold completely irrationally, and the selling pressure was extremely heavy in a short period of time, so the stock prices naturally plummeted. It was much more serious than the "April Stock Market Crash" of that year.
Because this incident happened in the twelfth month, it is also called "the twelfth month stock trouble".
Even the mainstay of Dashilan Stock Exchange, Xishan Group with stock code '京001', could not hold out and its share price was **.
Although Xishan Group's performance was lackluster after entering the Wanli period, its share price rose steadily due to its dominance and people's expectation that it would make great strides like Jiangnan Group and Nanhai Group. Before the "twelfth month of the lunar year", it had risen to 60 taels per share.
As a result, in just three days, it fell to 30 taels after the "April Stock Market Crash", wiping out the gains of more than three years in just three days.
The market value dropped by 320 million taels in three days. Who wouldn't go crazy?
If the stock price drops further, it will be cut in half. Won't the angry shareholders skin these directors alive?
But it was a blessing in disguise. It was the right decision to close the market in time.
The news quickly spread to Suzhou, and Liu Zhengqi was also shocked. He was a reckless person. Was he going to ruin the young master's ten years of hard work in one day?
Would the young master think that he was deliberately trying to trick him? Liu Zhengqi frightened himself, crying and threatening to hang himself...
Fortunately, Jiang Xueying received the news that he approved the leverage of Nanhai Group, and rushed back in a hurry amid Zhao Hao's anger. This is also the reason why President Jiang later believed that he did not get pregnant in Luzon...
After communicating with Zhao Hao, Jiang Xueying fully realized the seriousness of the situation, so she rushed to Beijing in person to deal with it.
First, she announced the Nanhai Group's "down payment to buy stocks" plan, without considering that investors' enthusiasm was too high, which might lead to irrational investment. This not only seriously deviated from the original intention of the exchange to protect investors, but also seriously damaged the healthy development of the emerging financial market.
For this reason, the group decided to end the trial issuance of Nanhai Group's shares ahead of schedule and refund the full amount to investors who have already purchased Nanhai Group's shares according to the pre-closing share price of 400 taels per share. In addition, an additional 20% compensation will be given.
In other words, the Nanhai Group shares with a face value of 20 taels that had been sold were redeemed at a price of 440 taels.
One share will cost you 420 taels!
All losses shall be borne by Jiangnan Securities.
Investors were already furious and ready to cause trouble, but when they saw the stock exchange was so responsible and Jiangnan Securities was so reasonable, they calmed down...
In the next few days, the Dashilan Stock Exchange processed the redemption for investors in full according to the transaction records.
Every investor who received the silver ticket gave a thumbs up, saying they were convinced, really convinced!
President Jiang is kind and righteous, and the stock exchange is responsible!
After praising, they will curiously ask, how much money do you have to pay?
The staff could only smile bitterly and remain silent.
In the end, the total cost of redeeming the Nanhai Group's shares was 5.6 million taels of silver. After deducting the 3.8 million taels of silver received from the exchange for selling the Nanhai Group's shares on its behalf, the total loss was 1.8 million taels.
Fortunately, during the surge, the stock exchange was reluctant to sell, and only released more than 30,000 shares at less than 1,000 taels. The loss was still within an acceptable range.
But the money was well spent. Not only did it not lead to a Ming Dynasty version of the "South China Sea Bubble", it also avoided serious consequences.
It also made the stock exchange a well-known brand, and its credibility in the hearts of the people far exceeded that of the imperial court!
In fact, it is a big profit, and it can be regarded as turning a bad thing into a good thing.
Right?