How much private capital is there in China? In the past, people only knew that it was a lot. How much? The answer is still... a lot. Because no one really knows the exact amount of private capital, even an approximate number.
However, after the establishment of the 'Tianwaitian United Group', everyone had a clear idea of what was going on.
The joint investment from various industries in Shang State allowed the Tianwaitian United Group to almost create a miracle. The registered capital of this union and group alone was as high as 50 trillion taels of gold.
In that year, the fiscal revenue of the Shang Kingdom (excluding the business of the Brilliant Star Group) was only 16 trillion taels of gold, which also included the wealth obtained by the country through continuous foreign plunder.
However, the shock had just begun. After the establishment of the United Group, it immediately began to issue bonds to the whole society. The reason why it was bonds instead of stocks was that stocks were subject to supervision from all sides; in comparison, bonds had a higher degree of freedom, at least they only had to inform the state. In fact, the state was very supportive of the establishment of the United Group.
The first bond was worth 2 trillion taels of gold, with a return rate of 50% and a ten-year term. It was sold out in two days.
The second phase of bonds is 10 trillion yuan, with a return rate of 42%, a term of ten years, and sold out in three days.
The three phases of bonds are worth 40 trillion yuan, with a return rate of 36%, a term of ten years, and sold out in half a month.
The four-phase bond is worth 50 trillion yuan, with a return rate of 38%, a term of 20 years, and is selling like hot cakes...
In addition, these bonds can be circulated like stocks, but each time they are circulated, they must be registered with the United Group. The handling fee for each registration is fixed at one or two taels of gold.
During this period, investment banks and various companies were also busy; the activity of repurchasing shares was in full swing. In fact, although investment banks sold their stocks at a 70% discount, they still made a lot of money.
For example, the stock price of Continental Transportation Group was one tael of gold when it was first issued. Now, the stock price of Continental Transportation Group is basically stable at a little over 570 taels of gold. Even if it is sold at a 30% discount, it is still priced at 400 taels of gold. And the government does not collect taxes.
Initially, Green Forest Investment Bank invested 160 billion taels of gold, or 160 billion shares, in Continental Transportation Group, accounting for 80% of the shares. Later, Green Forest Investment Bank continued to sell off its stocks to cash in, and now it still controls 60% of the shares, or 96 billion shares.
In just half a month, Continental Transport Group repurchased 15% of its shares, and Green Forest Investment Bank made a net profit of 5.76 trillion taels of gold.
Old employees of the Continental Transportation Group repurchased 3% of the shares (at a 20% discount), and Green Forest Investment Bank made a net profit of approximately 1.3 trillion taels of gold.
In addition, the remaining 42% of the shares will be sold to the public at full price. The price... depends on the market. Of course, considering the stability of the market, it is impossible to sell all at once, which will cause a stock market crash; therefore, Green Forest Investment Bank plans to use five to ten years to completely sell off all the shares of Continental Transportation Group.
While selling stocks, Green Forest Investment Bank will continue to invest, etc., which will not only maintain market stability but also increase investor confidence. In addition, Continental Transport Group has begun to buy back its own shares, which is bound to make the stock price rise again.
As a lot of news spread and the country officially announced relevant information, the capital market of the entire Shang country was in turmoil. However, most of them were positive.