Chapter 64 Commodity Exchanges
Tianjin.
As the main port in the Gyeonggi area of the Chinese Empire, coupled with the recently announced Bohai Rim Economic Development Plan once again positioned Tianjin as the "main logistics center of the Bohai Rim", Tianjin's status has been upgraded again, and he is no longer willing to become a vassal or "backyard" of Beijing City.
Duan Guining, who succeeded Xu Shichang as mayor of Tianjin, has made a bold statement: "In five years, Tianjin will become a northern Shanghai!" [..com]
The five-year development outline of Tianjin City formulated by the new Tianjin government has been approved by the Tianjin Senate with a high vote. In the next five years, we will focus on expanding Tianjin Port, building supporting warehousing and road facilities, expanding state-owned Tianjin shipyards, comprehensively renovating municipal roads, promoting urban hydration and lighting electrification, and gas must be used for new residential areas and built apartment areas. Tianjin City’s new plan implements the concept of “satellite city” proposed by the Imperial Central Urban Planning and Design Institute and the Department of Architectural Design of Imperial University, abandoning the traditional idea of dividing urban areas by function, and changing it to multiple sub-city areas around the core central area. The Zicheng District itself has the functions of working, living and commercial entertainment, and has the ability to disperse future traffic pressure and improve utilization efficiency.
All projects have adopted open bidding, but unlike the previous "lowest price wins" winning method, this time, the "highest price wins" square matrix was adopted, that is, the average number was calculated according to each bidding company, and the bidders closest to the average won. Once this method was made, everyone from the government to the business community and even the public were stunned, and many local councillors questioned it. However, the municipal government's explanation was also very grand. In previous years, those who bid for low bids were inevitably cut corners, and in order to ensure profits, the winners seemed to save some costs in the end, but the hidden dangers of the project were even greater, and they often had to spend more funds to strengthen or even rebuild.
According to the explanation of the Tianjin Municipal Government, infrastructure construction does not seek to save a little cost, but to achieve the lowest "full life cost", so ensuring its quality is actually more important than saving a little cost. In response to some councillors, "Ensure the quality of the project is the government's task". The municipal government's response is that "reality is reality, and handing over all responsibilities to the government cannot guarantee that it will be perfectly implemented", and "the ** that have been released in the bidding of infrastructure projects seems to prove that there is a need to improve the bidding method."
Although some members of the parliament tried to use this incident to "make fame" and some held on, rumors soon came that the improvement of the bidding method "a proposal from the palace", so the opposition quickly disappeared.
In the midst of the hustle and bustle, like many cities in this country from south to north, Tianjin soon became a "big construction site". In the cold wind, cranes, loaders, dump trucks, and concrete mixers from various state-owned and private construction companies came one after another, and construction workers from all over the country gathered in Tianjin. The destruction and decayed shantytowns and slums were demolished, and residents lived in water, electricity and ventilation, and clean apartment buildings.
High-quality American natural asphalt is transported to Tianjin Port by ship. The high-quality vanadium-containing rebar and structural steel produced by Chengde Iron Factory of Hebei Steel Company are transported by railways. The high-quality sand of Haihe and Bohai Bay, and various markings of cement also roll along the railways and highways. The urban roads are paved with asphalt concrete pavement, and new buildings with different styles rise at a speed visible to the naked eye.
This is the so-called "China model" that has become famous: with the help of a strong fiscal and financial system, with the overall policy of the central government as the core, local governments and parliaments formulate their own development plans, and the finance allocates funds to public utilities at all levels, and banks organize supporting credit. Then, various public utilities companies conduct project bidding. Project funds are uniformly deposited in bank accounts. The funds are used exclusively, and they are inspected by the budget supervision committee and center of the local Senate. Each local project has a counterpart responsible person in the four aspects of the government, parliament, banks and public utilities. They supervise each other and promote each other.
Although decision-making errors cannot be ruled out, this model of combining unified planning with decentralized operations, government, bank, parliament and public utilities has indeed played a very positive role in infrastructure construction.
Located on both sides of Jinhe Avenue in the southeast of the city, the wind is blowing, and the bare French sycamore trees are no longer as lush and green as before.
At a crossroads, a magnificent ten-story building is very eye-catching. The huge parking lot behind the building is already full of cars, and there are constantly new and old cars coming from all directions. The security guards who maintained order run sweated and shouted dryly, as if even the temperature around them had risen a little.
One floor and one entrance, there is an extremely wide trading hall.
On the side of the hall facing the door, there were blackboards hanging on the platform, and busy staff wrote the latest quotations and transactions in chalk. On both sides, the order-reporters shouted at the top of their lungs, and many red vests below raised their hands with blushing faces and making various gestures. The telephone ringing in and out of the phone room and office next to them kept ringing, and red vests ran in and out from time to time.
This is the first commodity exchange in China that has just opened: Tianjin Commodity Exchange.
Similar to the Chicago Commodity Exchange established in 1848, the Tianjin Commodity Exchange provides futures contracts in a standard way, covering five varieties: wheat, corn, soybeans, cotton, and rebar.
Drawing on the experience and lessons of this time and space Chicago Commodity Futures Exchange and another time and space futures market, Zheng Yu planned this futures trading pilot program, which has been difficult for other futures exchanges to match from the beginning, with the goal directly targeting various market manipulation, insider trading and other improper profits.
In order to prevent futures trading from becoming a plunder of people's wealth, especially to avoid ordinary residents from investing living expenses, pensions, etc. into gambling, the Chinese Empire Congress set a high threshold in the form of legislation under the strong push of the Baath Party and other ruling alliances. The margin for opening an account shall not be less than 50,000 Chinese yuan. In addition to approved funds, natural persons and legal entities are strictly prohibited from raising funds from the public for the purpose of futures investment.
In order to supervise and regulate futures trading behavior, the Chinese Empire Congress passed the Financial Regulatory Law and decided to establish a new regulatory agency - the State Administration for Financial Regulation. The agency ** Yu Yu's cabinet is directly responsible to the Congress, with professional committees such as banks, insurance, securities, and futures, and gradually set up branches in various places. Cooperate with the central bank to supervise the operation of various financial institutions.
In the futures field, the Chinese Empire Congress officially voted to pass the long-developed Futures Law, and issued licenses to the Tianjin Commodity Futures Exchange and the Guangzhou Commodity Futures Exchange, becoming the first batch of commodity futures exchanges in China.
The main purpose of Zheng Yu's launch of commodity futures trading so quickly is to compete for commodity pricing rights.
In Zheng Yu's plan, the next half century will be a period of great changes in the world's political, economic, military and cultural territory, and it will be a competition between the new and old powers, and the major powers in the east and west. The key turning point in the fight for the dominance of the new world order is a comprehensive competition of the comprehensive national strength of various nation-state entities. In this competition, participants cannot have any idea of luck, but must do their best to use all means to strive for the final victory.
To break the old system of European and American powers dominated the world represented by Britain and France, and ultimately establish a new world order dominated by China, China can only use bloodlessness and bloodlessness. In actual operation, no matter which side it focuses on, the two will inevitably be used in the end.
In later generations, the United States was able to dominate the world economy and financial order step by step, and then to achieve world hegemony. In addition to the open things such as historical opportunities and subjective efforts, it is inseparable from the United States' grasp of the world's commodity pricing power. As the world's largest agricultural exporter, the most important mineral land, and the largest economy. Commodity exchanges, stock exchanges, and even later financial futures exchanges established the world's pricing power early.
With this dominance, as early as the beginning of the 20th century, the United States had successfully become the "barometer" of the world economy, achieving the goal of "the United States sneezes, and the whole world will catch a cold." Major monopoly consortiums in the United States used the "weapon" of commodity futures pricing power to call the wind and rain all over the world, and used their capital advantages and pricing power monopoly. The huge production capacity was bloody everywhere.
In this time and space, Zheng Yu positioned the United States as China's most dangerous enemy in the future early, and deliberately arranged various arrangements to gradually weaken the United States' control over China and the world, and prepare for the future to enhance China's voice in the economic and financial fields.
After this national war, China successfully eliminated the military threat on the side of the bed. It dismembered Russia, a nightmare that had been around for hundreds of years, conquered two unruly neighbors, Xiaoqiang, Japan and Siam, and used the East Asian Consortium to build China's exclusive sphere of influence throughout the Western Pacific region.
This newly born economy, with China as its core, has a population of 500 million. With nearly 25 million square kilometers of land, the total economic output exceeds 40% of the United States. The annual production and consumption scale is amazing. More importantly, this country is carrying out an unprecedented large-scale development campaign, from the large-scale renovation and reconstruction of cities, to industrial electrification and scale, to the comprehensive launch of infrastructure construction, and even immigration in the fields of agriculture and animal husbandry, reclamation and land reclamation, everything is consuming various commodities at an unprecedented rate in human history, and is rapidly increasing the productivity of commodities at the same time.
The standardized operation of the national commodity futures exchange can use the power of the market to directly compete for the price levels of production and living materials, provide crucial price information for the production and consumption of materials nationwide, and avoid price chaos, disconnection between production and consumption caused by information improper information and lag, and trigger large-scale economic crises or inflation.
In another historical time and space, many countries' slowness in commodity exchange issues are often mixed with "filling with agriculture" and relying on the "industrial and agricultural scissor gap" to complete the intention of industrial capital accumulation. However, the state has long monopolized all price information and exploited agriculture through the unified purchase and sale of the state. Although part of the original accumulation has been completed, the obstacles to agricultural productivity, especially the obstacles to agricultural industrialization and the killing of agricultural production, operation and management talents often lead to the long-term backwardness of the country's agriculture.
In Zheng Yu's view, the country's intervention in agriculture should be reflected more in the development and promotion of agricultural scientific and technological achievements, improving and maintaining market mechanisms, and avoiding the surge in agricultural product prices. Establishing a commodity futures exchange is an important means to improve agriculture, including the industrial market system, and achieve the transparency of transaction information at low costs.
For the whole society, a mature and complete commodity exchange system can greatly reduce the information acquisition cost of all parties in the market transaction, thereby greatly improving transaction efficiency and greatly improving the operation efficiency of the whole society.
In order to drive the price demonstration effect of commodity exchanges, Huang Bo's Zhenghua News Agency was the first to open a special edition of futures information in several of the best-selling daily newspapers. It is also planning to issue a special financial information daily.
In the noise, no one noticed that somewhere on the second floor corridor, a group of people were silently staring down.
A man wearing a black trench coat, half of his face wrapped in a scarf, wearing big black glasses, and couldn't see his age clearly, looking with his hands behind his back, and said in a muffled voice: "The trading volume is quite active... I heard that the transaction volume has reached 12 million yuan in recent days?"
The middle-aged man wearing a mask said proudly: "It's... Young Master. We Chinese like fashion, so it's inevitable to look for something new. However, in the past few days, everyone is still very satisfied with the services provided by the exchange. The quotation is timely and the trading rules are transparent. Although each member unit has to pay membership fees, the training support provided by the exchange is very good. Now, the exchange fee alone can charge five or six thousand Huayuan every day. In this way, everyone still thinks the price is very cheap and the transaction is very cost-effective. To be honest, our fee rate is really much lower than that in Chicago."
"Low rates are conducive to promotion." The man in the windbreaker smiled, "Ming San. Since you have become the chairman of this exchange, don't always think about making money in the United States. After all, this is our own compatriots... The exchange is a service agency, and its greatest significance is to provide convenient and efficient services for commodity trading. As for profits, it's enough for people to feed and develop. Whether it's me, the government, or the Congress, I don't expect to rely on this to accumulate wealth."
"Yes. Yes..." The middle-aged man wearing a mask knew that he had a mistake and smiled awkwardly.
"Okay, you've done a good job in US futures, and it's really a bit like transferring you back to become the chairman of this exchange..." said the man in the windbreaker, "If you really have difficulties or don't want to, I can change people."
Chapter completed!