Vol 2 Chapter 493: Absolutely not allowed

"After the price of steel on the domestic market climbed to a price of 2500 yuan per ton, the supply and demand basically reached a balance. On the one hand, some customers are waiting for the price to fall, and on the other hand, various steel mills are actively digging for capacity and increasing output. There are 45 steel companies applying for capacity expansion at the planning commissions at all levels, with a cumulative capacity expansion plan of 12 million tons. All these signs indicate that this time the reform of liberalizing steel supply and marketing has basically achieved the expected results. The reform plan Is totally doable. "
In the small conference room of the State Planning Commission, Wang Hongsheng held a pointer and pointed to a slide on the big screen to introduce the situation to a room.
Sitting below, there are several directors and deputy directors of the Planning Commission, several cadres of the Price Division, and some officials of other relevant ministries and commissions. The most inconspicuous but most special are Qin Hai and Xiao Weihao, the latter Even more prominent than Qin Hai.
"Hong Sheng, talk about the new situation that has recently appeared." The chief of the Planning Commission said below.
"Okay." Wang Hongsheng nodded, changed a slide, and said to the crowd: "I just said the situation of the previous week. From this Monday, there are some bad trends in the market. Some people first Rumors on the market deliberately spreading the rumour that steel prices will rise sharply, followed by a clear phenomenon of speculation in the market, and within three days, the price was speculated from 2,500 yuan to 2,800 yuan, causing a certain panic in the market .
Many local material departments have asked us to verify whether the country has any intention to further increase steel prices. There are also some units that were not eager to purchase steel, but also made advance purchases because they were worried that the price of steel would rise further, which further exacerbated the contradiction between supply and demand in the market. Bringing greater price pressure. "
"Who is spreading such rumors, have you found out?" Shen Sheng, the chief director, asked. In this case, as the head of the State Planning Commission, he was naturally extremely annoyed, but the matter was expected by the Planning Commission, so he was able to calm down, not panic.
A deputy director of the Price Division stood up and replied, "We follow the arrangement of Director Wang. We did some preliminary investigations and found out that some domestic private trading companies are spreading these rumors. These are also the ones that have been speculating in the market recently. Companies .... Several of them are registered with us. "
"Oh ..." The chief responded softly without further questioning. The "registered account" mentioned by the deputy director means that the Planning Commission has been following these companies for a long time. And the background of these companies, the big director is well aware, and need not say more on this occasion.
"How much money do they have?" The chief director asked the next question, and he needed his staff to help evaluate the energy of these companies and see where they could toss the entire market.
The Deputy Director said, "We are not particularly aware of the financial status of these companies. In particular, they have also obtained a large amount of loans from some local banks, which is difficult for us to grasp at the moment. According to our estimates, the funds they can use Between 20 billion and 30 billion yuan. If it is used for speculation, it can hoard no less than 10 million tons of steel. "
"10 million tons." The chief director repeated it again, and then turned to Wang Hongsheng: "Hong Sheng. Can our reserves fill the gap of 10 million tons?"
"Exactly." Wang Hongsheng replied affirmatively. "We have been prepared for the speculation of these domestic trading companies. Several large domestic steel companies, especially Comrade Qin Hai's Daqin Group, are in accordance with the Planning Commission. The layout reserves a part of the spot steel. It can be put on the market at the right time to stabilize the price. But ... "
"What. Do you have any more concerns?" The chief director heard the hesitation of Wang Hongsheng and asked in amazement.
Wang Hongsheng said: "This time the situation is more complicated, and some situations are beyond our expectations. Please direct this question to Director Xiao."
Having said that, he gestured to Xiao Weihao sitting in the corner with his hands, and everyone seemed to have discovered this strange face, so they turned their attention to Xiao Weihao.
Xiao Weihao stood up with a smile, bowed a little to everyone, and said aloud, "Leaders, let me introduce myself first. My name is Xiao Weihao. I am engaged in the work of national economic security and I am not with you A system, but the goals are the same. "
"Oh ..." Everyone immediately understood Xiao Weihao's identity, and when he was relieved, he felt a little bit puzzled. Did this incident even involve the field of national security? Otherwise, why would Wang Hongsheng let a security system official appear here?
"It's like this ..." Xiao Weihao's words answered everyone's questions. He said: "According to the information we have, several foreign funds specializing in transnational speculation have also focused on our opportunity to reform our means of production. Trying to extract huge profits from it. Among them, the most critical one is the internationally notorious meson fund. The financial turmoil of several countries in South America in the past few years has been related to the hype of meson funds. China. "
"International Fund?" Another deputy director of the Planning Commission frowned. "Why are they eyeing China? Also, isn't our country's foreign exchange regulated? How can they enter China?"
"Our supervision is also limited." An official from the State Administration of Foreign Exchange replied with a smile, "There are many ways to circumvent international hot money, and they can enter China through foreign-invested companies and under the name of investment; they can also work with some Domestic trading companies colluded and transferred money into the accounts of these trading companies by selling cheap and expensive. In addition, some underground banks appeared in the southeast coastal area. The size of the foreign exchange that goes in and out through them every year, even we can't figure it out. . "
"This is your failure." The director of the Planning Commission said half-jokingly.
The cadre of SAFE said: "We have limited manpower and cannot manage everything without any detail. In addition, some local governments have opened doors for foreign companies to facilitate investment, and we know that there are violations I do n’t care. Everyone knows, are n’t we all talking about market regulation now, and our power is limited?

"Haha, understand, understand, our planning committee's power is also greatly diminished." The chief director did not intend to blame other departments for teaching, heard the other party's explanation, hurriedly haha, no longer delve into it.
Xiao Weihao waited for the end of the episode, and then said, "As far as we know, Meson Fund's entry into China this time is inseparable from a trading company named Zhenjiang Industrial. We have already had some contact with the personnel on both sides. Mastered, but considering that their behavior did not violate the criminal law, we could not take any measures against them for a while. "
"How much money does the meson fund plan to use to hype the steel market?" The chief director became serious. At that time, the size of the Chinese economy was too small compared to the world economy. The involvement of international hot money was not a trivial matter, let alone a predator such as meson funds.
Xiao Weihao said: "The Meson Fund has sent a financier named Pittston to take charge of this operation. We have learned about the situation of Pittston. He is a very experienced trader on Wall Street and the most meson fund. One of the important traders. The meson fund should send him out, and it should be an intention to get it. We analyze that the meson fund can use at least $ 10 billion to operate this matter. "
"$ 10 billion!"
All the people present were shocked except Qin Hai, Wang Hongsheng and other people who had known beforehand. You know, China ’s foreign exchange reserves were only over 20 billion U.S. dollars. As a private fund, Meson Fund was able to use 10 billion U.S. dollars to speculate on the Chinese steel market. What would this mean?
"US $ 10 billion, converted into Renminbi, is more than 50 billion. At the current steel price of 2800 yuan per ton, it can hoard nearly 20 million tons of steel, which is far beyond the limits of our existing reserves. If these funds are invested in steel The market will inevitably lead to skyrocketing steel prices and panic buying. "Wang Hongsheng calmly revealed the possible consequences to everyone.
"This is absolutely not allowed!" Said the deputy decisively. "If this happens, it means that our reform of the steel supply and marketing system has completely failed. No one can afford this responsibility. Hongsheng, I demand that you must To eliminate this possibility in the bud, we must not let international hot money and domestic unlawful businessmen find the fish in troubled waters ~ EbookFREE.me ~ Wang Hongsheng solemnly replied: "Director, you can rest assured, we will never let this happen of. "
"Okay, here today, I officially authorize you to take full responsibility for this work. What cooperation needs to be provided by the committee or what cooperation is required from other ministries and commissions? Although you have proposed it, our planning committee will give you the greatest support. And ... Comrade Qin Hai! "Said the chief director and turned his eyes to Qin Hai.
"I'm here!" Qin Hai quickly stood up.
The chief director said: "Listen to Hongsheng, your Daqin Group is fully prepared this time and is willing to solve problems for the country. Now facing this new situation, I hope you can continue to provide support to the country. What are the difficulties for your company? You can also ask the Planning Commission, as long as we can do it, we will do it for you. As long as we win this battle, I will ask for your group. "
At this time, how could Qin Hai not know what to say. He raised his chest, and Dayi replied suddenly: "Thank you Director. Director please rest assured that the affairs of the country are our business. Even if our Daqin Group sells iron, it will not make Americans earn a penny from China. Cheap. "(To be continued)