Li Qin's considerations are not unreasonable.

Even though the atmosphere is good in Xinxian County, most merchants are still cautious.

After all, people who are not cautious may have died ten or eight times long ago.

What's more, the environment in the capital is complicated, with officials everywhere and children of officials everywhere. If someone has evil intentions towards you, even if you are just thinking about you, this is absolutely terrifying enough.

But it seems... Liu Wenchang has no worries in this regard.

But he saw that he was in high spirits and walked into the exchange with the flow of people.

Li Qin quickly followed and lowered her voice: "Brother Liu, I have something to say, I don't know if I should say it."

"What, you say it." Liu Wenchang said again: "You and my brother, what can you say?"

"You need to be more cautious on weekdays. I see that you are a very smart person, but you need to know that disaster comes from your mouth and illness comes from your mouth. I just pretend that what you and I say today is not heard, but... these words cannot be heard from others anymore."

Liu Wenchang looked at Li Qin in surprise: "Brother Li is talking about..."

"The wealth should not be exposed."

Liu Wenchang suddenly realized, and he suddenly realized that the merchants were cautious.

At first he thought these people were ridiculous, but now Li Qin looked scared, Liu Wenchang seemed to have slowly understood something. In fact, Li Qin's expression at this moment and these words were like a small stone pouring into a pool of stagnant water, causing ripples. However, he did not make a sound, but just smiled slightly and said, "Student, please remember, Brother Li reminded me."

When the two of them entered, the exchange occupied a large area.

And the first building I saw here is the Money Hall.

Here, there seems to be a sign hanging to explain the role of this money hall.

To put it bluntly, you come in with real money and exchange it for things like silver notes.

In this era, Daming Baochao has almost no credit.

In the East, the use of paper banknotes has a long history. Jiaozi appeared since the Song Dynasty, and even this paper banknote has continued to this day.

But...every time the country is weak, or after the imperial court overdraws, the banknotes slowly begin to withdraw from the stage of history and are abandoned by others.

So at this time, someone hangs a sign of banknote exchange, but there is actually no need for too much explanation. People like Li Qin can understand in their hearts that they can't understand this banknote model. From Jiaozi to Baochao, there have been dozens of variants of this thing, but the final result is the same.

People have begun to have an instinctive distrust of paper money.

"If they exchange paper money, they can think of it. They can get real money and silver in exchange for paper. After a few days, the paper will become less and less valuable. How can there be such a good money in the world?"

Liu Wenchang smiled and said, "But Brother Li, even though this is the case, once this thing is available, it will never come with you."

When Li Qin heard this, she was stunned.

Because this statement...is not unreasonable.

Especially now... with the acceleration of goods circulation and commercial circulation, more and more bulk goods transactions have become more and more. Let’s talk about this stock, stocks, etc. A transaction is dozens of hundreds or even tens of thousands or tens of thousands of taels of silver at a time.

What is the concept of one thousand taels of silver? This is one hundred kilograms.

Are you here to exchange stocks with a burden?

Not to mention, there are some big merchants who have a transaction amount.

There is indeed too much uncertainty in real gold and silver. On the one hand, it is indeed extremely inconvenient. On the other hand, the different quality of gold and silver also brings a lot of trouble to transactions.

Liu Wenchang sighed and said, "This move is really amazing. Once the stock is released, it will force people to change the money."

Li Qin said: "Is that so? Why is this?"

Liu Wenchang said: "Because the trading of stocks is different from the previous trading. In the trading of stocks, you can sit down, drink tea, and then sign and seal it. Then wait for their own housekeepers and make an appointment for a day. Everyone brings their own goods and gold and silver, and then puts them on the scale to deliver. Even if it takes a few days, even if it is ten or half a month, there is no big obstacle. Although this kind of transaction has many inconveniences, at least everyone is at ease."

Liu Wenchang immediately said, "But now it's different. You have to know that what people are trading now is stocks. What are stocks? The rise and fall of stocks, not ten days and half a month, nor one or two days, it's one hour and two hours. The rise and fall of these are amazing. I think you know these. Yesterday morning, the selling price of the railway company reached 28 taels, but at noon, it suddenly fell to 27 taels. In the evening, the price suddenly rose, and I even heard that it was

The person sold it for 29 taels. Let me tell you, in the past, everyone could trade slowly, but how to ensure that the transaction is successful in this stock? You are a little late, and maybe you have not counted the money, but the price suddenly rises. Will the seller still sell it? If the price falls, will the buyer still buy it? After clarifying this principle, you will know that stock trading must be banknotes, and you will not be able to exchange it unless... you really don't plan to buy and sell stocks, even if you refuse now, sooner or later you will be pulled down."

"This is a long-lasting process. You see here, people only hang out a sign to exchange paper money, but no one comes to invite you to exchange it. This is called Jiang Taigong fishing, and the wishes take the bait. In the future, sooner or later, even if you still refuse to use paper money, when you want to buy stocks, people say that new stocks must be used paper money, so do you want to exchange it? Or one day, when you want to sell stocks, the buyer said, "I only have paper money here,"

Are you willing to sell him? If we think about it more and more people start holding the banknotes and you leave this stock exchange, you go to the silk shop to shop, and you ask the store, I am banknotes, can you buy it? If the store insists on not collecting it, then you will naturally enter the second silk shop. If others are willing to collect it, then those who are willing to collect it will become a transaction. If the water drips through the stone, the shop that does not collect will inevitably not be able to maintain it, and if you collect it, the business will be prosperous."

When Li Qin thought about it, her face changed: "So they are not worried about whether we can repay it or not. Anyway, we will have to repay it sooner or later?"

"Natural." Liu Wenchang sighed and said, "This is not a conspiracy. Now we can only count on this exchange... and this Liaodong prince really want to do business for thousands of years, not just greedy for immediate benefits. As long as he is concerned about long-term interests and maintains the credit of banknotes, he can take out real money and silver from banknotes at any time. His business will be sure."

Li Qin sighed: "Actually, I have always admired the Prince of Liaodong, but I didn't expect that you admire him even more."

"Of course, he is like my rebirth of parents."

"Ah..." Li Qin looked at Liu Wenchang in surprise: "You still recognize His Highness the Prince."

"Although I don't recognize it, I have been famous for a long time. I long for it. If it weren't for him, I would be a fool and pedantic pitiful person. So it's not an exaggeration to say that he is my reborn parent. It's because of this that he taught me to find a way out."

Li Qin lowered her head and thought something. He couldn't help but wonder, why wasn't he the same? If it weren't for Xinxian, he would have been afraid of starving to death in Guanzhong.

In Xinxian, there is a joke circulating in many Guanzhong people, saying that the Guanzhong people are in the capital. No matter how big the quarrels occur, no matter how fierce the fights between them are, they may even be intensified to the point of adding fists and feet. But as long as they talk about the princes of Liaodong, they will immediately have a common topic and can quickly get on their shoulders and burn yellow paper to be brothers.

Liu Wenchang said at this time: "Not good."

"What."

"I just mentioned the new stock."

"What's the meaning."

Liu Wenchang became nervous at this time: "Do you remember that I told you that new stocks may require banknotes to be purchased?"

"This... seems to have been said."

Liu Wenchang said anxiously: "Eight out of ten, if there is such a possibility, I need to go out immediately and ask the manager to take my carts of silver to exchange paper money quickly. Otherwise... after I put out the new stock, it would be too late to trade."

Li Qin comforted him: "Maybe...it's still a real money transaction."

Liu Wenchang shook his head: "No, no, this Liaodong prince will never do something for no reason. Since he is determined to do it, he must do it well. Brother Li, please wait a moment, I have to tell you, it is important to exchange the money."

After Liu Wenchang said that, he went out in a flash.

But here is already bustling.

The exchange of this stock is extremely spacious and can accommodate thousands of people.

Of course... it's vertical.

And in the lobby, there are red lanterns hanging.

A whole wall hangs the stock price from early morning to now, every period of time.

The stock price is basically the record of everyone's trading here, and it is refreshed at any time.

All people who want to buy and sell can record the price. If someone wants to spend on stocks, just record it. Once the price reaches it, the exchange's client will automatically generate a transaction. The main thing to buy is to take a guaranteed ticket to collect the stocks you bought, and the seller will directly collect the money.

For a moment, the exchange was in chaos.

Only then did people realize that the price refresh rate here is far beyond what they imagined on weekdays.

Maybe in one stick of incense, the price has been refreshed three times. When the price on the wall is constantly changing, someone will be responsible for constantly picking off the original price brand and changing to the latest price.

This trading method is really eye-opening. It turns out that everyone thought that the rise and fall of stocks in a few days may determine a person's fate.
Chapter completed!