This matter starts from 1997. At that time, Premier Cheng Canghai took a heavy blow to clear the deficits of provincial-level national investment companies across the country. Zhongyuan Province and Guangdong Province National Investment Company both made considerable holes. &*. "》.com The fastest update **. In order to make up for the financial shortcomings, they all came to Yang Xing for help. As a result, Yang Xing purchased a large number of shares in well-known electronic companies from Guangdong Guotou. It can be said that the foundation of Nebula Electronics is now built at that time. However, Zhongyuan Province National Investment does not have so many equity shares in enterprises with good profits, so they had to take out many mineral resources in the province to mortgage, among which the coal mine located in Wujin and Dingyang Molybdenum Mine are undoubtedly the most valuable.

With the help of Hitachi Company, Xingwei Resources has built a number of Kengkou power stations, solar energy industry bases and coal chemical enterprises in Wujin City, which not only meets the power needs of the surrounding counties and cities, but the advanced technologies mastered by solar energy and coal chemical enterprises have also attracted the attention of the central government. Wujin produces coal, but after years of mining, it has gradually dried up. The central government is promoting the sustainable development strategy of how to transform and develop in resource-depleted cities like Wujin. The solar energy and coal chemical enterprises under construction in Wujin undoubtedly give the central government a great hope. Not long ago, Wujin was designated as a national new energy experimental city by the central government and has given strong policy support.

The coal chemical industry refers to the process of using coal as raw materials and converting coal into gas, liquid and solid fuels and chemicals through chemical processing. It mainly includes gasification, liquefaction, dry distillation of coal, as well as tar processing and calcium carbide acetylene chemical industry.

Coal chemical industry began in the second half of the 18th century, and formed a complete coal chemical system in the 19th century. Entering the 20th century, many organic chemicals made of agricultural and forestry products were mostly replaced by coal as raw materials, and coal chemical industry became an important part of the chemical industry. However, after World War II, petrochemical industry developed rapidly, and the production of many chemicals moved from coal as raw materials to petroleum and natural gas as raw materials, thus weakening the status of coal chemical industry in the chemical industry, and the development of coal chemical industry slowed down.

However, after two international oil crises in seventy or eighty years, many countries that were subject to lack of oil resources and were unable to import oil due to international sanctions, once again discovered the benefit of developing the coal chemical industry, which was that they could get rid of the shackles of oil and no longer be subject to it. South Africa, which adopted apartheid policy in the late World War II, was therefore ahead of other countries in coal chemical technology. //《》.com》//

When it comes to my country, it is too late to develop the coal chemical industry. In recent years, with the rapid development of the economy, oil demand has risen and domestic oil production can no longer be met, and China has become a net oil importer. Yang Xing originally proposed to establish a national strategic oil reserve as soon as possible, but it was just a reduction in expenses. If you want to completely get rid of your dependence on oil, you still have to work hard on opening up, such as finding new oil fields and developing new energy in China.

Domestic coal mine resource reserves are very rich, and domestic power plants mainly rely on coal burning. However, coal mines are a very polluting resource. Vigorously developing coal mine industry is in conflict with the international mainstream environmental protection and domestic sustainable development strategies. Coal chemical industry, which has a long history and relatively mature industrial technology, reduces environmental pollution and reduces domestic dependence on oil, has become a key project supported by the state.

As for the discovery of extra-large molybdenum ore in Dingyang, it was entirely because Yang Xing took advantage of the rebirth. He thought it had been delayed for too long, but he was afraid that the investment would be compensated. Unexpectedly, he spent 100 million yuan and three years to find a super-large molybdenum ore in Dingyang Qiandou Mountain. At present, the proven reserves alone have reached 600,000 tons, and there are probably two large mines with similar reserves around him. At this point, Xingwei Resources ranks first in the country in terms of molybdenum ore reserves. Even if he cannot take it alone, he can win back the early investment and monopolize the development of molybdenum ore with partners such as Jiudu Molybdenum Mine Company and Zheng Feilong. Even if the Zheng family in Beijing sends people to manage it, he can count the money and count it.

The subordinates informed Yang Xing early on this matter, but he forgot about his busy affairs. Now he remembered that he heard Zheng Feilong reminding him. In the past, Xingwei Resources did not dare to interfere in the domestic mining resources, but after joining the big families in the capital, they can now attack everywhere. Naturally, he and Zheng Feilong had to celebrate with each other.

After being happy, it was obvious that Yang Xing's words and experiences during this period stimulated Zheng Feilong. He wanted to prove his ability, so he spoke out his thoughts and wanted Yang Xing to take a closer look.

Zheng Feilong was arranged by his family to join the Central Guotou Company, which proved that he was still capable. The family did not want him to just live there. After meeting Yang Xing, his career was smooth sailing, and he also calmed down and focused on his career. When he took the position of deputy director of the Foreign Exchange Administration, he had a broad future and more ideas emerged.

This time he led a team to Hong Kong to observe the $300 billion financial war. In addition to his relationship with Yang Xing, he was also the default of his ability. Yang Xing gave him another opportunity to propose the establishment of a RMB free exchange pilot zone in Shenzhen. If this credit is achieved, his career will be more promising, so he let go of his courage and boldly tell what he thought.

"You want to learn from the Hong Kong Stock Exchange model on the basis of several domestic futures exchanges, learn from the Hong Kong Stock Exchange model, establish a China Futures Exchange, and build the world's third largest futures trading center to compete with Chicago and London, right?" After hearing Zheng Feilong's long-term description, Yang Xing finally concluded his meaning.

Seeing Zheng Feilong nodding excitedly, Yang Xing couldn't help but sigh in his heart. As expected, the times created heroes. This four young masters in Beijing who were lustful and lustful back then were led by him to study his own business and create a qualified official with an international perspective. It's really worth the effort he put in on Zheng Feilong and his family.

In fact, he had this idea before, but considering the short time of establishing the domestic futures market and the method of establishing the rules and regulations of the futures market at the top and bottom in China, many of them conflict with the systems of the foreign futures market. Combined with the problems left by the domestic planned economy, a freak has been formed. Moreover, it is mixed with the personal interests of many interest groups. Yang Xing made a big profit in mung bean futures and treasury bond futures, which was due to the imperfect futures market system.

Some people in China pointed out in the early stages of establishing the futures market, "We can't even do spot goods well, which has disrupted the normal material distribution order and affected the national economy and people's livelihood. Why are you still doing futures? Isn't you dreaming in the daytime?" In fact, in Dalian, there are indeed many storms caused by illegal operations in the three major futures exchanges established by Shanghai and Mall. Due to the characteristics of buying one and paying ten for futures, the losses are also amazing, which has caused great debate in society. This also led to the governance and rectification of the futures market for 6 years from 1994 to 2000.

After the speech of the Southern Tour in 1992 was published, the domestic debate on the market economy, social and capital, finally subsided. The advantages of the futures market in regulating commodity prices were also recognized, and a wave of rising trends were ushered in. However, the domestic futures market has short time and little experience, and is not familiar with the generation system of international commodity prices. This led to a sharp increase in the number of imported raw materials after my country became the world processing center, and even became the number of buyers of many of the raw materials, but it has never been able to grasp the pricing power of commodities, wasted a lot of foreign exchange reserves, and is often regarded as a sucker.

Zheng Feilong said that the domestic situation is very dissatisfied with this phenomenon. The central leadership in charge of the economy has repeatedly stated that China will become a world processing and manufacturing center and that the trade center will inevitably become a trade center. On the issue of pricing power, China must have its own dominant price, and the Chinese must play an important role in the commodity price formation mechanism.

The situation of passive acceptance of European and American pricing must be broken. This has become a domestic consensus. Hope is placed on the domestic futures market, which has only been established for 16 years. However, there are three major shortcomings in my country's futures market. First of all, there are too few trading varieties. There are only seven varieties added to the three futures exchanges, and they are mainly based on basic industrial and agricultural raw materials such as rubber, soybeans, wheat, etc.

Second, the speculative nature is too strong. The original purpose of establishing a futures market is to allow producers and industrialists to hedge here to avoid price risks. Many speculators need to actively participate to form a scale. However, once the supervision cannot keep up, the futures market will be dominated by speculators. Excessive speculation will replace the original hedging business, and the futures market will become a big casino. This is why the country's rectification of the futures market was originally caused.

Third, market participants are immature. Because the futures market is very young, and the development of the domestic financial industry is far behind that of foreign counterparts, the establishment of professional investment management companies and professional futures brokers in China is not standardized. Futures companies are generally small in scale, have a single business, and have similar service structures, and have not formed a large-scale enterprise.

The domestic futures market still lacks a complete external three-level regulatory system abroad, and only the first-level supervision of the China Securities Regulatory Commission. In terms of business, China's futures business is single and self-operated is prohibited. Most foreign futures companies are all-round financial companies, including brokerage, settlement, fund management, consultants, on-site trading, etc., which leads to a narrow source of income for domestic futures companies, which is not conducive to rapid development.

Zheng Feilong made many suggestions for improvement, such as integrating several major domestic futures exchanges, formulating unified technical specifications and trading platforms, and increasing trading varieties; at the same time, promoting the corporate reform of futures exchanges, allowing futures companies to become shareholders of exchanges, sharing the profits of exchanges, and sharing the risks of exchanges; and accelerating the promotion of futures companies' business licenses for asset management, from simple industrial and agricultural raw materials to treasury bonds, corporate bonds and related financial derivatives, etc.
Chapter completed!