Chapter 24: Under the Sun

Zhao Guodong's week in Beijing was quite fulfilling. In addition to exchanging opinions with the State Administration of Safety and Safety, his focus was more on next year's work.

On the one hand, the Beijing-An high-speed railway has taken action first. It can be seen that the Henan Province is very concerned about this high-speed railway. Even if there is a high possibility of being shelved, they did not give up even if it is only one percent possible, which made Zhao Guodong feel a little touched.

For Anyuan, the Jing'an High-speed Railway is also very important. In addition to the role of the Jing'an High-speed Railway itself in Anyuan's development, the high-speed railway industry itself is also important to Anyuan. For example, a large part of the electrical system construction of the Wuhan-Guangzhou High-speed Railway was won by Huaiqing enterprises, while the safety system and signal control system were won by a consortium composed of several enterprises in the Andu High-tech Industrial Zone. The high-speed railway industry is also a highlight worth boasting about for Anyuan.

Of course, in Zhao Guodong's view, what is more important at the moment is whether the Andu Property Exchange can open its doors according to the established plan.

Zhao Guodong agreed that whether it is a certain industry or a certain large project, it will be short-term for the driving force of a local economy, and the construction of the system is fundamentally and permanent. Perhaps one industry and a large project can quickly drive the economy of a local economy to achieve immediate results, just like the early days of his administration in Ningling, but in the final analysis, if you want Ningling to maintain sustainable and stable development, it is far from enough to rely solely on attracting investment and providing various preferential policies.

Especially when the economy develops to a certain extent, it determines the sustainability of economic development in a place, not only whether the infrastructure conditions are good, whether the policy preferential level is sufficient, nor whether a certain industry has comparative advantages. A fair, healthy and healthy development environment atmosphere is the decisive factor that promotes further economic development. This atmosphere depends to a large extent on whether the party committee and government have the ability to establish and maintain a fair, just and open market economic system and legal system, which is exactly what many local party committees and governments do not care about.

Ningling's early development benefited from the establishment of dominant industries and its full efforts to promote it, but Zhao Guodong believed that it was largely due to the good investment environment and the construction of a market economy system. In particular, the construction of the credit reporting system has reached the forefront of the country, so that the financing environment of Ningling enterprises has always been the top in the evaluation of the financial institution system. This is almost as important as a long drought and rain for enterprises in the growth stage.

Zhao Guodong also exchanged views with Guan Jingshan and Tan Lifeng on this issue. What comforted Zhao Guodong was that Guan Jingshan and Tan Lifeng both realized this. The construction of Andu City's credit reporting system is being rolled out with unprecedented efforts. Although the construction of this system is not a matter of overnight success, the high attention of the Party Committee and the Government will undoubtedly play a great role in promoting the development of this work.

The construction of a credit reporting system is also particularly important for the future development of Andu Property Exchange. As a property exchange that conducts equity transactions in the name of non-securities, in many aspects, it can only be tried by feeling the stones across the river. Enterprise property rights must be traded on the exchange, to gain the recognition of investors, and to measure the company's development prospects and its own value. The level of corporate credit is also a key factor, which requires a relatively complete credit evaluation system to conduct a comprehensive evaluation of the company.

The improvement of property rights trading and the improvement of the credit system can play a complementary role. Once this property rights exchange really settles in Andu, it will be unimaginable to promote the economic development of the entire Anyuan.

However, the crisis faced by the property rights exchange is also obvious. The preparatory team of the Ministry of Industry and Information Technology has been full of strong interest in the pilot project of this property rights exchange, but the China Securities Regulatory Commission is sharpening its knives and showing a cold smile towards the pilot project of Andu.

It is really hard to judge whether property rights trading is in the form of securities trading, especially some things that roam on the edge of policies often depend on the temporary judgment of the central high-level officials. Perhaps a certain point of view can prevail. Maybe one side can tell you overnight that An Yuan is sorry for being powerless, while the other side tells you that you are sorry for being deviant. I must destroy you, so that you can't cry.

So at this time, although Anyuan has to wander around the Ministry of Industry and Information Technology, he has to maintain an "extremely intimate" contact with the China Securities Regulatory Commission at any time. You have to send any information and things you want immediately, and try to relieve the other party's suspicion that you may have to put aside their suspicion of only holding the Ministry of Industry and Information Technology.

"Hehe, I have to say, you are a bit suspicious of playing with fire. If you please both sides, maybe it is not pleased with both sides. If anyone pushes us, the property exchange will be wiped out." Zhang Hongwei was playing with a small jade piece he bought from Panjia Temple, and didn't know whether it was true or false. Anyway, what I like was this taste, and it doesn't matter if the authentic and fake products were not important.

"Who said no, but I can only go like this. To be honest, I feel that even if the equity transaction played by the property rights exchange is on the edge of the policy, it is still possible to cross the boundaries at any time. If you do not obtain the understanding of the China Securities Regulatory Commission, you may encounter a catastrophe at any time." Zhao Guodong walked with his hands on his back.

Zhang Hongwei just flew over from Andu. The property rights exchange should strive to open business in April next year. Yang Jinguang has too many things, especially to guide the property rights exchange to set up the first batch of companies participating in property rights trading. If you want to fire a shot, it is not a simple task, and it involves all aspects. Therefore, Yang Jinguang suggested that Zhang Hongwei assist him in promoting this work, and Zhao Guodong also agreed.

"But no matter how much you please the CSRC, it won't work. It's about the CSRC's face and principles. They can't ignore it, and they can't let it go. I guess they will intervene sooner or later." Zhang Hongwei pondered, "This is an irreconcilable contradiction."

"Don't say it so scary. I know that the CSRC will intervene sooner or later. I also judge that the final outcome may be a bumpy situation. After a period of time, the central government may have an intention. Maybe the Ministry of Industry and Information Technology and the CSRC will jointly supervise. I have been mentally prepared for a long time. No matter who they will manage or jointly supervise, as long as there is no major change in the operating mechanism, we do not want any power, but just hope that this property rights transaction can drive the financing channels of small and medium-sized enterprises in our province to be smoother and the financing environment is looser, and of course it can further promote Andu to move towards an inland financial center." Zhao Guodong seemed very calm, and seemed to be mentally prepared for various consequences.

"I'm afraid you will communicate with Vice Premier Su and Standing Committee Member Ning first. After all, everyone is trying something like this, and it is inevitable that there will be some outrageous transgressions. I hope the central government can look at it with a tolerance and not kill it with a blow." Zhang Hongwei hesitated for a moment before suggesting.

"Well, I think Secretary Ling has also considered this. This is not only Anyuan's business, but also an attempt to achieve the rise in our central region. For example, the Shanghai Stock Exchange and Shenzhen Stock Exchange are all placed in the coastal areas. How effective is the economic boosting effect of Hujiang, Shenzhen and even Guangdong? To achieve development in the central and western regions, we also need to be tilted in these factors. This is even more effective than giving us three or five major projects in Anyuan." Zhao Guodong also looked at this issue deeply.

Zhang Hongwei nodded silently, "Governor, the exchange has received applications from nearly 200 companies, most of which are small and medium-sized enterprises. We have conducted preliminary selections and eliminated more than 100 companies, and there are about 80 companies left. We are preparing for the second round of elimination. Of course, the first batch of elimination may be a little strict, but I think this is beneficial. Moreover, we have carried out a lot of work and pointed out the problems they have existed. I hope they will improve and welcome them to participate again after improvement."

"There are eighty companies? How many rounds of selection will be needed in the future? Is the selection mechanism transparent and open?" Zhao Guodong frowned slightly.

"To be honest, the requirements for the first round are all on the surface, and those who do not meet one of them will be directly selected. However, these 80 companies are more in line with the fundamentals, so the selection of the second and third rounds will be stricter and more intense. Therefore, in this regard, we require that all the information that can be disclosed in the sun, including these companies, must be disclosed to the public."

"The exchange's website has a special notice board and a report board. The outside world is welcome to question and report. We also have high requirements for audit firms and legal firms participating in corporate credit assessment. Their evaluation of these companies will also be used as their credit records to enter the property exchange. This also means that they need to be responsible for their credit. Once they commit fraud, they may be banned forever. I believe everyone will cherish this opportunity, whether it is participating in the company, the evaluation unit or the trader."
Chapter completed!