When the securities trading opened, Zhao Ming ordered the Ministry of Revenue to establish CICC to invest in finance.

This company has an official background and can often obtain some information in advance to make a judgment first, and even collude with listed companies to sell high and buy low, and manipulate stock prices.

This kind of behavior is obviously immoral and unfair, but it is not considered a violation of the laws of the Ming Dynasty.

Because the laws in this regard in the Ming Dynasty were not sound and the regulations had not yet been implemented, Zhao Ming tacitly agreed to this behavior, so it has been going on for several years and has not yet changed.

The stock price of Jianghuai Coal Industry jumped up and down. Some coal ran away and coal came back. The government also felt that there was something wrong and was a little embarrassed, but it was impossible to change it.

Why not change it? This is mainly because Zhao Ming’s purpose of establishing the stock exchange was not to make investors make money, but to use private capital to complete the development and evolution of the Ming Dynasty’s holding company and realize the evolution of a centralized state from a traditional agricultural country to an industrialized centralized state.

Zhao Ming promoted state capitalism, not free capitalism.

This is a very ruthless and unscrupulous decision, which shows that most people who invest money in the stock market cannot make money, but will lose money.

Unless you have the confidence and patience to wait for the imperial holding company you invest in to develop, or consume huge funds to complete evolution and achieve profitability.

Of course, the imperial holding company has its advantages and disadvantages, such as inefficiency and corruption, and it may go bankrupt in the middle without evolution.

Zhao Ming actually knew all these situations. He knew that many people who lost money in the stock market would be full of resentment towards the court and lose confidence in the stock market, which would affect the court's continued financing.

Therefore, in order to regain the confidence of investors in order to cut leeks for a long time and sustainable manner, Zhao Ming decided to intervene in Lianghuai Coal Industry.

The reason why this company lost more than one million taels each year was mainly because they accepted two tasks assigned by Zhao Ming.

First, the research and development and use of steam engines, and second, the construction of a railway track more than 60 miles long.

These two tasks, like bottomless pits, devour the company's funds and have no reward at all.

In order to obtain funds, the company can only manage its own stocks, sell high and buy low again and again, and cut leeks over and over again, which eventually triggers fear in the entire stock market and leads to a plunge.

Shouzhou, Jiangbei, is the mining area of ​​Lianghuai Coal Industry.

Zhao Ming walked on the stone-paved road with his hands behind his back. The officials behind him were carrying oil-paper umbrellas and accompanied Zhao Ming to inspect the mining area.

Some time ago, Lianghuai Coal Industry fell sharply. The Ministry of Revenue took the opportunity to buy the bottom and earned the stocks at a low price. Now Zhao Ming came to inspect in person. Under the official newspaper and private newspaper reports, Lianghuai Coal Industry's stock finally bottomed out and rebounded again.

"Regent, right in front!" Song Yingxing held an umbrella for Zhao Ming and pointed ahead.

Zhao Ming had already heard the sound of the machine in front of him and saw the burning black smoke of steam and coal.

Song Yingxing and others have been in charge of the steam engine for several years. They have made great improvements based on the blower of the Han Dynasty and Zhao Ming's suggestions.

The main components of early steam engines were made of cast iron and brass as materials, which could be achieved through the smelting process of the Tang and Song dynasties.

Mechanical structure is not a problem. Since the Han Dynasty, China has had workshops that operate hydraulically. They are also mechanical structures of gears and connecting rods to transmit power. The ancients could fully understand its principles.

The only problem that bothers everyone was the sealing problem, but the air pressure of the early steam engine was not high, so other materials could be used instead.

Every once in a while, Zhao Ming has to pay attention to the progress in this area and know the bottleneck of the problem.

Originally, Zhao Ming thought that the problem was difficult to solve without rubber, and he might have to wait until it gets tree species from America to solve this problem. Unexpectedly, Song Yingxing told him that there has been great progress.

"How to solve the sealing problem?" Zhao Ming said with interest.

Song Yingxing said: "In the past few years, I have tried many materials such as silk, hemp rope, and many other materials, but the results are not ideal. Last year, my colleagues from Guangdong and Guangxi sent me some Eucommia rubber. I felt that it was very similar to the rubber described by Your Highness, so I sent someone to refine it, which made a breakthrough progress."

"Eucommia ulmoides?" Zhao Ming had never heard of it at all, otherwise he would not have wanted to expand America and look for rubber.

As he walked, he said that the group had arrived at the mine cave and saw a few naked men constantly sending coal into a huge machine.

The machine spewed out steam rhythmically, and the internal connecting rod moved far away, driving the external leather conveyor belt movement. The absentees quickly produced the coal on them.

The conveyor belt continued to transport coal mines from the mine cave, which made everyone with them amazed.

The propaganda officer accompanying the newspapers of the Ministry of Rites immediately recorded this scene. In order to be both loud and emotional, the accompanying painter also drew a portrait of the regent standing in front of the steam engine, and prepared to print it on the newspaper after going back.

"Regent, the company has invested hundreds of thousands of yuan to develop this machine. Now it has finally paid off. Since he started mining, the mining efficiency has increased by more than four times." The coal manager said with emotion.

The investment in this kind of equipment is so huge that private businessmen will definitely not be able to study it. Zhao Ming sighed, only centralization and state capital can do big things in a planned manner.

However, when he glanced at the steam engine, it was still so bulky and huge. Obviously, it was useless except for transporting coal and pumping water here. It had to be miniaturized. In addition, other industries also needed to accumulate technology before it could explode.

As the things were already out, Zhao Ming was not in a hurry. At present, he only needed to ensure the profits of JAC Coal Industry and continue to transfusion blood for the transformation of the machine.

Zhao Ming then said to Song Yingxing: "The machine must continue to improve, and it must be able to load a large ship and a carriage in the future. After a while, I will try to find you a few watchmakers from the Western Yi, and you can see their skills to see if they can help improve."

Song Yingxing nodded quickly, and everyone left the mine and came to the coal yard where the coal mine was piled up.

At this time, nearly a hundred workers in the distance were loading coal on a large truck, and a full truck was pulled by eight strong horses and transported directly to the Huaijiang Wharf along the paved railway tracks, and then loaded into ships and transported to various parts of the south of the Yangtze River.

"Your Highness is really wise. This railway took three years and cost nearly one million taels. However, with him, the transportation cost was greatly reduced. The company can finally break the law of not selling wood for a hundred miles and sell coal from Huainan to Jiangnan." The manager said excitedly: "The company will definitely turn losses into profits this year and achieve profits."

Many shareholders of Lianghuai Coal Industry were so moved that they burst into tears.

The official media's publicity officer, brushing his brushes, quickly recorded this exciting lesson.
Chapter completed!