After inspecting Jiangbei, Zhao Ming returned to Nanjing.

The success of JAC Cotton Industry made Zhao Ming very happy and decided to take advantage of the east wind to go to Lianghuai Salt Industry and Lianghuai Mining Industry.

In addition, he will gradually allow provinces to integrate assets within the province and encourage the establishment of coal and iron mining companies. As long as the qualifications are good, they can go public and earn leeks after being reviewed by the Certificate Exchange. It is not about listing and fundraising, investment and development.

After raising funds through listing to achieve domestic mineral resources, open up, and build large-scale smelting and coal mining bases, Zhao Ming changed to allow private companies to go public and use the ability of securities trading to raise funds to help the development of domestic companies.

Today, one-third of the world's silver is in China, with such huge amount of money support. As long as these money are mobilized and a few East India companies are born, there is no problem at all.

Zhao Ming planned to control resource-based and heavy industries such as salt, iron, coal, grain, shipbuilding, etc., and control the economic lifeline, textile, porcelain, tea and other industries, and hand it over to the private business groups for development.

Judging from this year's harvest, JAC Cotton Industry can bring at least one million taels of income to the court.

If Lianghuai Salt Industry, Lianghuai Coal Industry, Jiangnan Iron Smelting, Jiangnan Copper Industry and other companies start their career, the treasury will save tens of millions of silver dollars in less than two years.

By then, if the troops are strong and the food is sufficient, Zhao Ming will be able to carry out the Northern Expedition and realize the ideal of unification.

In Nanjing, the regent's residence, Zhao Ming is approaching Huizhou businessman Wu Chongde.

During his inspection of Jiangbei, this somewhat fat Hui merchant left a deep impression on him.

Jianghuai Cotton Industry has already been on track, so Zhao Ming focused on preparing for Lianghuai Salt Industry.

The investment in salt and cotton is relatively small and results can be seen quickly, while mining and smelting require a lot of investment and a long time to see the profits.

Today, the securities market in the Ming Dynasty is not yet mature, and people may not be determined to wait for the company to make a profit.

Therefore, Zhao Ming did not dare to start the major mining industries that could not make profits in the short term. Instead, he first pushed the cotton and salt industries that could quickly make money and see the returns in the past to the stock exchange. With the annual growth of the returns, the stocks of the two companies continued to rise, giving people the illusion that stocks only rose but did not fall.

In this way, when major mining industries are launched, many businessmen will be scrambled to buy first, and Zhao Ming can raise more funds and cut more leeks.

At this time, in Zhao Ming's study, Zhao Ming was sitting behind the table, and Wu Chongde sat half of his butt on the chair, looking very restrained.

Zhao Ming smiled and said, "Mr. Wu, do you think Lianghuai Salt Industry should issue as many shares as possible, and how many original shares should be per share!"

Since Guan Zhong achieved the salt and iron franchise, dynasties have prohibited private entrepreneurship from engaging in the salt industry and implemented monopoly operations by government officials.

In the Ming Dynasty, the price of a pound of salt was about two cents of silver, while the cost of Huai salt was very low, which can be said to be a monopoly on the profit-making industry.

In the two Wanli periods of the Ming Dynasty, half of the taxes were salt taxes, and the court's finances relied heavily on salt taxes. Because of this, the "Ming Law" stipulates: "Anyone who violates private salt will be 100 sticks and will be slaughtered for three years." Those with serious circumstances can be killed.

Wu Chongde did his homework before coming, and then said in a deep voice: "Report to the Regent, how many shares Lianghuai Salt Industry wants to issue and how much money each share is appropriate. The villain thinks three aspects need to be considered."

Zhao Ming said: "You said!"

Wu Chongde said: "The villain thought that first of all, we should know how much salt we would eat in the Ming Dynasty in a year. Secondly, look at the share of Huai salt and calculate the annual income. Finally, calculate the investment required to restore the Lianghuai salt industry. Based on these three points, we can calculate the subscription price that the court and the first batch of merchants can accept."

Zhao Ming nodded and asked, "Then are you clear about the valuation of Lianghuai Salt Industry?"

Wu Chongdedao: "The Ming Dynasty had previously implemented the "salt production" and the merchants holding salt citations were divided into ten citations by region. Each citation was 200,000 citations, and each citation was 300 citations, and the annual salt output was 600 citations. For each citation, six taels and six cents of silver, it deserved more than 13 million taels of silver, but in fact, the court only received 2.5 million taels of silver at most, and the salt tax was lost in large quantities."

Zhao Ming did not interrupt him, but he liked businessmen who spoke with numbers like this. He felt more reliable and cautious.

Wu Chongde said: "Now the salt production of the gang has collapsed. However, it can still be calculated based on the population. On average, each person eats five kilograms of salt per year. The Ming Dynasty now needs 200 million kilograms of salt. The price of salt in the Ming Dynasty is high, and the people eat more private salt. In addition, there are the well salt in Sichuan, Guangdong and Guangdong salt in Guangdong, and the Huai salt provided by the imperial court can only account for about 40%, that is, 80 million kilograms. At the price of two cents of silver per kilogram, it is a silver turnover of 1.6 million kilograms."

Now the Ming Dynasty has lost half of its territory, and with wars every year, the population has dropped sharply, and the total demand for salt has dropped by half.

Furthermore, the two Huaihe River suffered repeated military disasters and the destruction of the salt drying field also limited the scale of Huaihe River salt.

Wu Chongde paused and continued, "Considering that as long as the court increases its efforts to crack down on private salt, as the population grows and the recovery of the north in the future, Huai salt has great potential. The villain thought that he could value Lianghuai Salt Industry 10 million taels. This price can be accepted by Hui merchants!"

"Okay!" Zhao Ming was quite satisfied with this estimate. After all, Zhao Ming also made a fortune this time without spending a penny.

After the Qing army advanced south, the salt industry in Lianghuai suffered heavy damage. The official salt drying and salt cooking fields were almost completely destroyed, and all craftsmen and employees were lost.

Rebuilding the Lianghuai Salt Field run by the government requires investment, and this amount of money is paid by a businessman who has a shareholding.

Zhao Ming said happily: "Just counting at a valuation of 10 million, the court will take out 10% of the shares, 100,000 shares, 100,000 shares, or 1 million taels per share, and let you subscribe. The remaining 90% will be gradually released after it is listed as needed."

First, we took out 10% of the shares and obtained one million taels from Huishang to rebuild Lianghuai Salt Field, establish Lianghuai Salt Industry Company, and re-establish the sales network.

After Lianghuai Salt Industry went public, its stocks rose quickly. When they rose to a certain level, the court could gradually sell certain shares and get cashed out.

Of course, if you don’t rush to ask for money, you can also hold on to your shares and share the profits every year with the salt industry’s ability to make money and the inexhaustible salt resources.

If the Ming Dynasty restored its population size during its heyday, the profit of selling salt in a year would be 13 million taels, and Huai salt was the main force. Under normal circumstances, it could occupy 60% of the shares, that is, the net profit per year was nearly 8 million taels.

This means that if Lianghuai Salt Industry returns to its peak period, 10% of its shares will be dividends of 800,000 taels per year.

Wu Chongde immediately stood up and kowtowed to Zhao Ming, "The villain thanked His Highness for the reward for Hui Shang!"

It is not easy for Hui merchants to make money in business, so they can only pick up businesses that other merchants missed. This is the first time they make money like this.

Therefore, Wu Chongde is really grateful.

"Hahaha~" Zhao Ming couldn't help laughing, thinking that the fat man could speak, but Wu Chongde actually made the wrong calculation because Zhao Ming did not intend to maintain high salt prices.

The companies controlled by the imperial court are different from private companies. Private companies only pursue the greatest interests, but the companies controlled by the imperial court are the largest shareholders. The purpose of the imperial court is not only to make money, but also to stabilize the society and seek welfare for the people.

Therefore, the salt price will definitely be suppressed in the future. In the case of profit, the people can eat salt, and this is the responsibility of the imperial court to control Lianghuai Salt Industry.

"Get up!" Zhao Ming smiled and waved.

At this time, outside the study, the guard suddenly reported, "Your Highness, Manager He from Jianghuai Cotton Industry is asking for a meeting."

"Oh?" Zhao Ming asked in confusion, not understanding what He Bin came here for now. He should have been too busy to do it.

"Let him come in!" Zhao Ming said casually.

Soon, He Bin quickly walked into the study and saw Zhao Ming and saluted, "Your Highness, I have an urgent matter!"

Seeing his expression, Zhao Ming couldn't help frowning and said in a low voice: "What's the matter?"

He Bin breathed: "Most workshops in Jiangnan do not collect cotton from JAC Cotton Industry. The news came out that the stock had fallen by 30%!"
Chapter completed!