After talking about the Ross, Emperor Hongzhi breathed a sigh of relief.

He looked at Fang Jifan and smiled: "The railway was well built in Tongzhou, and the stock price has risen again. I heard that now, many shareholders have proposed to establish a shareholder bureau to specifically supervise the progress of the railway. There are many oppositions from various departments, and they all think that this is very inappropriate. But I think... this is not bad."

Emperor Hongzhi smiled at Fang Jifan: "Your family, what do you think about this?"

Fang Jifan felt that he had become Yuan Fang, so why did he ask me every time?

He paused and said, "Your Majesty is extremely wise. If you think it is good, then you will naturally be no matter how good it is."

Emperor Hongzhi was worried about the construction of the railway.

What this involves is the stock price.

And Chacha, the palace is the major shareholder.

The court naturally hoped that the railway affairs would be supervised by the court, which was actually understandable. The Ministry of Revenue was very coveted by the construction of the railway, and the Censorate had long wanted to send someone to check it out.

But……

Private shareholders do not agree.

They were worried and hoped that the shareholders would organize a shareholder bureau to investigate themselves. After all, one was faked by others and the other was doing it alone. The former made people hesitate, or the latter, and they slept more peacefully.

Fang Jifan smiled again: "Your Majesty, I think this must be Wang Bushi's idea, right?"

Emperor Hongzhi couldn't help laughing.

Those merchants did not have such courage to seize the authority of the Ministry of Revenue and the Censorate. Moreover, they did not have such a high level to figure out this matter.

But Wang Bushi is different. Wang Bushi is one of the major shareholders, which is related to his vital interests. Moreover, he is a Hanlin bachelor and has a theoretical level, so he can only propose this idea.

Emperor Hongzhi gently tapped the document with his finger: "What Wang Qing family said is not without reason. If so much money is invested in, the construction of this railway is not a joke. If no one monitors it, will those who spent thousands of thousands of taels of silver to buy stocks feel at ease?"

"The construction of this railway, and even the future operation of the railway, involves their personal interests. No one in this world is more concerned about the railway than these shareholders. If they are asked to monitor it, if there is any problem, they will definitely try their best to criticize it and order it to correct it. As for the Censorate and the Ministry of Revenue and the Ministry of Revenue, they come to join in the fun, and they always want to take care of everything and watch everything. Just say that Censor, a few days ago, denounced searching for journals, but they don't know what it means to be bad. I called the Censor personally to the imperial court, took the journal, and asked him to read it, and asked him, why did this searching for journals have bad intentions? Guess what he said? He actually said that he couldn't understand what the journals were, he couldn't understand, and he only knew what he was saying?"

Emperor Hongzhi is now very resentful of the Censorate. Although he thought that everything they said was reasonable, now...

It's hard to describe in one word.

Emperor Hongzhi narrowed his eyes: "Look, Wang Bushi's idea of ​​the shareholders' bureau is very good. I would rather let the shareholders' bureau get involved in the construction of the railway than let the Censorate come. What do they know? According to the rules, I am the major shareholder here, right?"

Fang Jifan was ashamed and thought to himself, Your Majesty thinks the shareholders' bureau is reasonable. Isn't it just because of Your Majesty, he is the major shareholder?

Fang Jifan nodded: "Yes, in terms of equity, Your Majesty has the most shares, followed by his sons, Wang Bushi again, and other merchants of all sizes..."

Emperor Hongzhi said: "That's it. I, Qing's family, Wang Bushi, and merchants who hold more shares, each appointed personnel to establish shareholder bureaus. From now on, the construction of the railway will be determined by the amount of equity, and the future operation will be determined by the amount of equity. Recently, I have studied the principles of railways and believed that I have studied the railways a bit. I personally sent someone to supervise them, so I felt much more at ease."

Fang Jifan smiled awkwardly and said, "Your Majesty, are there other things like Siyang Commercial Bank and Xingfu Group? Do you also follow the example of this railway and set up a shareholder bureau based on the number of shares, and operate it properly."

Emperor Hongzhi nodded: "I asked Wang to not serve and have another article of association. By the way, Liu Wenshan should improve the rules of this joint-stock business. After they have a proper article of association, they will follow these measures. Only with the rules can they have a circle."

Fang Jifan sighed: "Your Majesty is really a wise man."

Emperor Hongzhi glared at Fang Jifan: "You have no idea how many wise you have said today. Can you change the word?"

Fang Jifan said seriously: "Your Majesty, it's not that your son is flattering. This is all from the heart. Your Majesty's understanding of industry and commerce is unfathomable. Your Majesty's idea is of great benefit to industry and commerce. Your Majesty, if you don't believe it, wait and see. Once this news comes out, all the stock prices will not rise. Those merchants who have purchased stocks will be happy and have a great increase in their confidence. If you want someone to give out real money, isn't it just giving people confidence?"

Emperor Hongzhi's eyes lit up: "Can it still rise?"

Fang Jifan was determined: "Yes!"

Emperor Hongzhi nodded: "However, there is not a single word yet, so don't reveal it casually. There are inevitably variables in it, but be careful."

Fang Jifan said seriously: "My son obeys the order."

Emperor Hongzhi waved his hand and said, "Go."

Wait for Fang Jifan to leave.

Emperor Hongzhi thought something, and then he said to an eunuch: "What is the price of the railway now?"

There are now people in the palace in the securities hall, and the rise and fall of the stock price is reported almost half an hour. If you don’t even know this, you will soon be dealt with by Your Majesty and sent to the desert to eat sand like Eunuch Xiao.

The eunuch immediately said: "Half an hour ago, the share price of the Railway Bureau had reached three or two cents of silver; Siyang Commercial Bank now has two or eight cents of silver, and I think Siyang Commercial Bank may have to rise. Oh, and there is also Xingfu Group. Xingfu Group is only the same today, but still one or two cents of silver."

Emperor Hongzhi thought in his mind: "I think the Railway Bureau has reached a high level, and it is difficult to have a big rise; Siyang Commercial Bank... Well... Let's go to Xingfu Group, this is a new stock, and people are ordered to go to the treasury... No, release 500,000 shares of the Railway Bureau and Siyang Commercial Bank. Of course, don't sell it at once, it will cause turmoil. Slowly release it. Then, from the treasury, see how much money there is, and it will make every effort to purchase the shares of Xingfu Group. Now the shares of Xingfu Group have been hovering, and cannot go up or down. If there is no major benefit, it will be easier to acquire it. At the highest price of one or four cents of silver, how much is there, how much is it acquired."

The eunuch said in surprise: "Your Majesty, isn't this too risky?"

Emperor Hongzhi said lightly: "My major benefits have not been released yet. I have released them. This new stock... is terrible when it rises. However, you cannot reveal any rumors to the outside world. If there are any gossip outside, I will cut you down."

The eunuch had a cold war and hurriedly said, "I obey the order."

Emperor Hongzhi breathed a sigh of relief.

The emperor is good. Invest as much as you want. If the stock rises, the stock will rise.

……………………

Fang Jifan came out of the palace, but he was impatient to call Wang Jinyuan. When Wang Jinyuan heard the young master call him, he dared not be negligent and rushed over panting.

Fang Jifan stepped forward and acted to kick him: "Dog, you're here so slowly."

Wang Jinyuan said aggrievedly: "The villain came from Xincheng without stopping."

Fang Jifan said: "If you have something to tell me, how much money can I use in Xishan now?"

"It's roughly about three million taels."

Although Xishan has a great family and a big business, it is mostly about real estate stocks, undeveloped land, countless workshops and materials, and there are not many real cash.

Fang Jifan held his hands behind his back and said, "There may be major positives in the near future, but Xingfu Group is a new stock. I see that it is not very safe. I will sell all the shares of Xingfu Group first. Of course, you must not sell them at once. It will take a long time to get the funds. After getting the funds, you will put a heavy position on Siyang Commercial Bank and the Railway Bureau. Mobilize all the funds, how much money you have and how much you buy. I have to buy all the stocks on the market."

Wang Jinyuan said in surprise: "Young Master..."

Fang Jifan rolled up his sleeves: "Why, you dare to talk too much? Believe it or not, I'll tear your mouth to pieces now."

Wang Jinyuan shivered and said hurriedly: "I dare not, I dare not, what the young master says is, the villain will do it now. But he dares to ask the young master what are the major benefits."

Fang Jifan said with a smile: "If you don't tell you, you will be chopped off your head if you say it."

…………

Wang Bushi took a two-day leave. When the palace asked him and Liu Wenshan to improve the joint-stock constitution, he seemed to smell something. While he went to Liu Wenshan for discussion, he drafted one detail.

How to protect the rights and interests of shareholders, how to regulate shareholders' supervision rights, and, moreover, how to operate...

Liu Wenshan and Wang Bushi, the two top experts of the Ming Dynasty, got together and wrote the first draft of tens of thousands of words. Then, they kept deleting and supplementing each clause. Liu Wenshan was extremely theoretical, but Wang Bushi had a lot of practical experience. These two people gathered together and drafted each clause without missing a trace.

After all this, it was almost done. Wang Bushi looked at Liu Wenshan. He admired Liu Wenshan very much. This scholar Liu was a person who truly regarded the word "financial" as knowledge. Many theories were refreshing.

…………
Chapter completed!