Four hundred and ninetieth chapters must not be allowed
"After the price of steel in the domestic market climbed to 2,500 yuan per ton, supply and demand have basically reached a balance. On the one hand, some users are waiting for prices to fall, and on the other hand, various steel plants are also actively exploring production capacity and increasing output. Currently,
Planning committees at all levels have applied to expand production capacity from 45 steel companies, with cumulative capacity expansion plans reaching 12 million tons. All these signs indicate that this time the reform to liberalize steel supply and marketing has basically achieved the expected results. The reform plan
It’s completely feasible.”
In the small conference room of the State Planning Commission, Wang Hongsheng held a pointer and pointed at the slides on the big screen to introduce the situation to a room full of people.
Sitting below are several directors and deputy directors of the Planning Commission, several cadres from the Price Department, and some officials from other relevant ministries and commissions. The most inconspicuous but also the most special ones are Qin Hai and Xiao Weihao. The latter
Even more abrupt than Qin Hai.
"Hongsheng, please tell me about the new situation that has occurred recently." The chief director of the Planning Commission said from below.
"Okay." Wang Hongsheng nodded, changed a slide, and then said to everyone: "What I just said was the situation last week. Starting from this Monday, some bad tendencies appeared in the market. First, someone
Rumors were deliberately spread in the market that the price of steel would rise significantly. Immediately afterwards, there was an obvious phenomenon of speculation in the market. The price was speculated from 2,500 yuan to about 2,800 yuan within three days, causing a certain amount of panic in the market.
.
Materials departments in many places have asked us to confirm whether the country has the intention to further increase steel prices. There are also some units that were not eager to purchase steel, but they also made purchases in advance because they were worried about further increases in steel prices. This, in turn,
This further intensifies the contradiction between supply and demand in the market and brings greater upward momentum."
"Who is spreading such rumors? Have you found out?" the chief director asked in a deep voice. When this happened, as the head of the State Planning Commission, he was naturally extremely annoyed, but this matter happened in
The Planning Commission had expected it, so he was able to keep his composure and was not panicked.
A deputy director of the Pricing Department stood up and replied: "We did some preliminary investigations according to Director Wang's instructions. It was found that some private trading companies in the country were spreading these rumors, and these were the ones speculating in the market recently.
Companies…several of them have registered with us.”
"Oh..." The chief director responded softly and did not pursue the question. The "registered number" mentioned by the deputy director meant that the Planning Commission had long been eyeing these companies, and the background of these companies, the chief director
I know it very well, so there is no need to say more on this occasion.
"How much capital do they have?" The director asked the next question. He needed his subordinates to help evaluate the power of these companies and see how far they could disrupt the entire market.
The deputy director said: "We don't know much about the financial status of these companies, especially since they have obtained large amounts of loans from some local banks. It is difficult for us to grasp these situations at the moment. According to our estimates, the funds they can use
Between 20 billion and 30 billion yuan, if used for speculation, no less than 10 million tons of steel can be stockpiled."
"10 million tons." The chief director repeated, then turned to Wang Hongsheng and said, "Hongsheng, can our reserves fill the gap of 10 million tons?"
"Absolutely." Wang Hongsheng replied affirmatively, "We have already prepared for the issue of speculation by these domestic trading companies. Several large domestic steel companies, especially Comrade Qin Hai's Daqin Group, have followed the Planning Commission's instructions.
The layout has reserved some steel in stock, which can be put on the market at the right time to stabilize prices. However..."
"What? Do you have any concerns?" The chief director heard Wang Hongsheng's hesitation and asked in surprise.
Wang Hongsheng said: "The situation this time is more complicated, and some situations are beyond our expectations. Please tell us about this issue, Director Xiao."
Having said this, he gestured with his hand to Xiao Weihao, who was sitting in the corner. Everyone seemed to have discovered this unfamiliar face, so they all turned their attention to Xiao Weihao.
Xiao Weihao stood up with a smile, bowed slightly to everyone in greeting, and then said loudly: "Dear leaders, let me introduce myself first. My name is Xiao Weihao. I am engaged in national economic security work. I am not here with you.
One system, but working towards the same goal.”
"Oh..." Everyone immediately understood Xiao Weihao's identity. While feeling relieved, their hearts twitched again. Could it be that this matter actually involved the field of national security? Otherwise, how could Wang Hongsheng let a security system official
Where are the officials here?
"The thing is like this..." Xiao Weihao answered everyone's questions. He said: "According to the information we have, several foreign funds specializing in cross-border speculation are also eyeing our opportunity to reform the means of production.
Trying to grab huge profits from it. Among them, the most critical fund is the internationally notorious Meson Fund. The financial turmoil in several South American countries in the past few years was related to the speculation of Meson Fund. This time, they have targeted
China."
"International Fund?" Another deputy director of the Planning Commission frowned and asked, "Why are they targeting China? Also, isn't our country's foreign exchange exchange regulated? How can they enter China?"
"Our supervision is also limited." An official from the Administration of Foreign Exchange replied with a wry smile, "There are many ways for international hot money to circumvent supervision. They can enter China through foreign-funded enterprises under the guise of investment; they can also cooperate with some
Domestic trading companies collude and transfer money into the accounts of these trading companies by selling at low prices and buying at high prices. In addition, some underground banks have appeared along the southeastern coast. The scale of foreign exchange in and out of them every year is so large that even we cannot figure it out.
.”
"This is your dereliction of duty," the director of the Planning Commission said half-jokingly.
The cadre from the State Administration of Foreign Exchange said: "We have limited manpower and cannot control everything in detail. In addition, some local governments, out of the need to attract investment, have opened the door to foreign-funded enterprises, and we know that there are violations."
, we can’t control it. As everyone knows, aren’t we talking about market regulation now, and our power is also restricted.”
"Haha, I understand, I understand, the power of our Planning Committee has also been greatly reduced." The chief director had no intention of inciting accusations against other departments. When he heard the other party's explanation, he quickly laughed and said no more.
Xiao Weihao waited for the interlude to end, and then said: "As far as we know, the Meson Fund's entry into China this time is inseparable from a trading company called Zhenjiang Industrial. We have already learned about the personnel contacts between the two parties.
We have control, but considering that their behavior does not violate criminal laws, we cannot take any measures against them for the time being."
"How much money are the Meson Fund prepared to use to speculate on the steel market?" The director's tone became serious. At that time, the size of China's economy was too small compared to the world economy, and the intervention of international hot money was not a problem.
What a small thing, let alone a giant like Meson Fund.
Xiao Weihao said: "Meson Fund sent a financier named Pittston to be responsible for this operation. We have learned about Pittston's situation. He is a very experienced trader on Wall Street and the most experienced trader of Meson Fund."
One of several important traders. The Meson Fund sent him out with the intention of winning. According to our analysis, the Meson Fund can use at least US$10 billion to operate this matter."
"$10 billion!"
Everyone present, except for Qin Hai, Wang Hongsheng and other people who had known about it in advance, were all shocked. You must know that at that time, China's foreign exchange reserves were only more than 20 billion US dollars, and the Meson Fund, as a private fund, was actually able to
What does it mean to spend 10 billion US dollars to speculate on China's steel market?
"10 billion U.S. dollars, converted into RMB, is more than 50 billion. Based on the current steel price of 2,800 yuan per ton, nearly 20 million tons of steel can be stockpiled, which is far beyond the limit of our existing reserves. If these funds are invested in steel
Market will inevitably lead to a sharp rise in steel prices and trigger panic buying." Wang Hongsheng calmly revealed the possible consequences to everyone.
"This is absolutely unacceptable!" the director said categorically. "If this happens, it means that the reform of our steel supply and marketing system has completely failed. None of us can afford this responsibility. Hongsheng, I ask you to
To nip this possibility in the bud, we must not allow international hot money and domestic unscrupulous profiteers to fish in troubled waters."
Wang Hongsheng solemnly replied: "Director, don't worry, we will never let this happen."
"Okay, here today, I officially authorize you to take full charge of this work. If you need any cooperation from the committee or other ministries and commissions, just bring it up, and our Planning Commission will give you the greatest support. Also.
...Comrade Qin Hai!" When the director said this, he turned his attention to Qin Hai.
"I'm here!" Qin Hai quickly stood up.
The director said: "I heard from Hongsheng that your Daqin Group has made full preparations this time and is willing to solve problems for the country. Now facing such a new situation, I hope you can continue to provide support to the country. What difficulties does your company have?
, you can also submit it to the Planning Committee. As long as we can do it, we will do it for you. As long as we win this battle, I will take credit for your group."
At this time, how could Qin Hai not know what to say. He puffed up his chest and replied righteously: "Thank you, director. Director, please rest assured that the country's affairs are our company's affairs. Even if our Daqin Group is trying to sell iron,
We will not let the Americans earn a penny from China." (To be continued...)