La Bourse
| La Bourse Vale Stock Exchange 200px | |
| Type: | Stock Exchange |
| Location: | Lutèce, Vale |
| Owner: | Republic of Vale |
| Key people: | François Duchatel (Director) |
| MarketCap: | ₱3,802 billion |
| Volume: | ₱2,866 billion |
| Subdivisions: | 67 |
| Website: | www.labourse.va |
The Vale Stock Exchange (VSE), commonly known as La Bourse, is an international marketplace for Valois securities, including shares, bonds, and financial futures and options. It is subdivided as a federation of 67 smaller stock exchanges for each commune and autonomous territory of Vale. It has 3,526 listed companies. This decentralized stock exchange system provides companies with the facility to raise capital for expansion through selling shares to the investing public, favoring local investments. Transactions between companies in the same commune are less taxed than the ones between neighbouring communes or communes further away. International transactions are also more taxed. Taxes on the stock exchanges remain relatively low, but way higher than the Kobolian average, which has often discouraged international investments.