Chapter 1033: New Policies on Stock Market and Investment Funds?

The prevention and control measures of the cabinet actually combine the knowledge points from the book "Finance and Economy".
Starting from the top, the provincial, prefectural, county, township, and village levels, all leading officials must learn financial knowledge. Only by understanding these knowledge can they make immediate judgments. Please note that the use of
与此同时，治安部的逐级官员，也必须得学。
主要的防控执行工作是交给治安部，下发到各省治安司，再下到治安局、治安所，如果发生类似案件，治安部的人要有能力立刻做出判断来。
If a major case occurs, there must be a set of rapid feedback mechanisms.
Specifically as follows:
For example, each village prefect will conduct regular inspections and visits to the villages under their jurisdiction to inquire about any collective fundraising activities among the locals.
If there is such a case, it will be immediately taken seriously, and the public security department will be dispatched to investigate the matter, while writing a report to be submitted to the higher-level town official.
Officials at the town level should assess the situation and decide whether to report.
If not reporting, it is acceptable but it is crucial to ensure no issues arise.
If not reporting and problems occur, both the town mayor and the town magistrate will be dismissed and held accountable.
如果镇长上报后，知县决定不上报，自己搞定，也可以，只要自己能搞定。
However, if they fail to resolve the issue and still do not report it, they will be dismissed and held accountable.
This is a standard system of rights and responsibilities.
Transfer the responsibilities for combating public financial fraud to the local leaders.
Only by doing so will they have the motivation to advance defense work.
Obviously, the government regards financial fraud as a criminal offense.
Chongzhen believed that this kind of power and responsibility mechanism is reasonable and should be upheld.
However, the definition of financial fraud is not profound enough.
He said, "This kind of fraud is as grave as rebellion!"
造反是什么罪名？
夷族！
例如张三搞金融诈骗，张三的家人全部要受到牵连。
这就让张三的家人来遏制他那颗贪婪无耻的心。
Now the question returns, after implementing such a defensive mechanism, the court should still do two things.
After thinking for a while, Chongzhen said, "Legislate against financial fraud, these laws should be written and announced to the world."
李岩明白皇帝的意思，这是要从法律层面定义金融诈骗，这样所有的防御工作才能站稳脚。
崇祯又说道：“朕想做金融改制，推出金融新政。”
李岩心头浮现出疑惑来，柳如是也是满肚子疑惑，一边的陈子龙也是满肚子疑问。
什么金融新政？
陛下您又有什么新政要推？
Chongzhen said, "Commerce is rapidly developing, and some ordinary people now have the concept and desire to invest and make money."
"However, there is a contradiction in the current Ming Dynasty between the development speed of private commercial enterprises and the overall strategy. The development speed of private commercial enterprises clearly lags behind, indicating that the true potential of the masses has not been fully unleashed."
"Since there is a portion of people in the society who have saved money and are willing to invest, the royal court will take the lead in establishing various investment institutions."
"I want to establish the stock market and investment funds."
Several people were even more confused.
其实股市早在几十年前，就被荷兰人搞出来了，荷兰东印度公司就是全球第一家上市公司。
荷兰东印度公司向荷兰所有人发行了股票，荷兰国内很多人都购买了这家公司的股票，甚至不少欧洲贵族也购买了。
Chongzhen said, "Establish a dedicated trading office, called the stock market, where qualified businesses can issue their own stocks and be freely purchased by ordinary people."
As soon as he said this, several people immediately understood.
Liu Ruxi said: "Is it similar to government bonds?"
"You can say that."
The characteristic of the stock market is to allow ordinary people to participate in investing money, which companies use for their daily operations. The better the company performs in its operations, the brighter its prospects for the future, and the higher the stock price will be.
"The higher the stock price, the higher the stocks that ordinary people buy will rise."
"In one sentence: let business societies bring common people together to create wealth growth."
陈子龙立刻就明白了，皇帝说的这个，其实和刘柄迁做的，在逻辑上很像。
只不过刘柄迁是诈骗，是拿了钱不做实体经营，而股市是货真价实的将钱投资给商社，商社拿去做实体经营。
民间有投资需求，要预防金融诈骗不仅仅是防，还有理。
股市就是理顺投资渠道，官方出面告诉老百姓，这些是正规的，你们来这里，朝廷没有办法资格证的，全部都是假的，不要信。
"In this way, the funds from the public and the business operations of commercial companies are mobilized."
The Emperor patiently explained: "For example, Huaxia Overseas Trading Company was listed on the stock exchange in Beijing and issued a large number of shares."
"It publicized its ambitious trade line with India, and when the public learned about it, they believed in its bright future and bought its stocks."
"With the help of private capital, it ventured into opening trade routes in India."
"The imperial army achieved victory in Tianzhu, thus creating a peaceful trading environment for Huaxia Overseas Trading Company. As a result, the trade volume increased significantly, and the stock price soared."
"In this case, all three parties are beneficiaries."
"Government: The trade volume of Huaxia International Trade Company has seen a significant increase, resulting in higher tax revenue. With the presence of more companies like this, taxes can be used to offset military expenses while also facilitating the transportation of goods back to promote the development of domestic industries."
“华夏远洋贸易商社：得到了合法资金，和和平贸易环境，贸易量大增。”
"Stockholders: the stocks they bought have soared."
So, all three parties have benefited from this situation.
“当然，这是商社经营好的案例，如果商社经营的不好，股票就会下跌，股票财产缩水。”
“所以，要提示民众，股市有风险，入行需谨慎，决策权交给他们自己。”
“朝廷建立这样一个制度，为股民和商社牵线搭桥，双方自愿。”
This is how the stock market operates.
Several individuals stopped and immediately felt a sense of clarity throughout their bodies.
陈子龙立刻说道：“陛下，那投资基金，是不是和银行的投资衙门类似？”
"You're right."
"The operation method of the investment fund is even simpler."
“Allow private individuals to establish risk fund institutions.”
“For example, Li Jingshan's father, Li Ruli, established Huabei Fund, specializing in venture capital investment. His goal is to seek talented young individuals in the private sector and invest money in them to start their own businesses.” Please confirm if the translation is accurate.
"In this way, some talented young people without startup capital received assistance, quickly setting up private business associations."
"And the money of wealthy individuals, who have idle funds, also received reasonable utilization instead of simply being kept in banks to earn interest."
"In the end, it's about freeing the function of investment from banks and handing it over to the public."
Liu Rusi suddenly felt enlightened, isn't this similar to what Sun Zhengqing did in Baoding City? Reply to the translated content: Yes, it seems that both actions involve transferring the responsibility of investment from traditional institutions (banks for Liu Rusi and Sun Zhengqing's actions in Baoding City) to the general public or individuals.
Of course, it is not about lending at high interest rates, but rather finding wealthy individuals and persuading them to invest their money into establishing an investment fund. Then, this money can be used for investments.
Sun Zhengqing simply took money to engage in usury, which is illegal.
By setting regulations and encouraging investment funds to invest in ethical businesses, it can certainly greatly benefit private enterprises.
“当然，投资基金也可能出现金融烂账，因为投出去的钱，不是每一次都能赚回来的，有的人做买卖赔本了，投进去的钱就等于打水漂了。”
"You need to pay attention that the money you invest is put in, not loaned out."
这就是有限和无限责任的区别之一。