Chapter 64: The storm is coming

The short and fat old man sitting at the other end of the oval conference table lowered his eyelids, just silently flipping through the information in his hand. Several vice chairmen were on both sides, and the remaining few were sitting near the door. Everyone looked not very happy, and the tone of the person who was doing the report was also a little quick, and the sweat oozing from his face made people realize that he was also in a relatively nervous state.

"This is your investigation and the opinions given by the Anyuan Securities Regulatory Bureau? There is no clear statement, and the policy definition is also unclear. Just based on this thing, why should we make a conclusion?" The middle-aged man sitting next to the short and fat old man frowned and knocked the materials in his hand on the desk, and said with some dissatisfaction: "Andu Property Exchange has started preparing at least last year. What did our securities regulatory department do before? Yes, Anyuan is actively coordinating with us. Some situations of Andu Property Exchange have been reported to us, but is this enough? Can we draw conclusions based on what they reported to us? This is how the work is done? What work has we done ourselves? Have you actually entered this exchange for investigation and research? I don't think so, is it a bit too hasty to make a decision at this time?"

"Lao Jin, do you mean to put it aside for the time being?" The thin man sitting opposite him looked at this guy with some dissatisfaction with acting talent and asked gloomy.

"I didn't say that, but we should note that this was done by the Ministry of Industry and Information Technology. The Ministry of Industry and Information Technology has just been established. Those people are determined to do a few things to make their name for the Ministry of Industry and Information Technology. The Andu Property Exchange is just their first card. Since it is the first card, they must also attach great importance to it. Didn't Xue Yi attend the unveiling ceremony? If we want to move the Andu Property Exchange, we must have enough things." The middle-aged man said coldly.

"Lao Jin, I think what we have in our hands is enough now, and it may not be perfect, but at least one problem can be explained, that is, they conduct securities transactions in the name of property rights trading, which seriously violates the policy and must be firmly corrected." The thin man retorted bluntly: "They just opened a few days ago. How easy is it to get more things from it? But if we continue to wait like this, it can be expected that once the impact becomes greater and greater, it will be even more difficult to deal with in the end! This is the truth that children understand!"

"Lao Fang, at least this exchange is still the brand of a property exchange. If we want to close such a property exchange, we must go through the State Council. Do you want to convince the leader to act on our own terms? Just rely on this little thing in our hands, okay?" The middle-aged man named Lao Jin seemed calm. "I also know that the more we drag this matter, the more troublesome it is, but what we have to do now is to collect enough evidence and send it to the leader's desk directly, clarify our reasons, and then the leader decides."

"Lao Jin, why do I feel like you are slowing down the war for this exchange? If this continues, in a week, the Andu Property Exchange will have twelve companies on the counter for trading. Moreover, eight of the twelve companies are from provinces other than Anyuan. Their influence is not as simple as the first batch of companies in their province. When we really go to that point, we just want to close it. I am afraid that the leaders will also consider other influences, which will interfere with the decision of our superiors." The thin man did not give in at all, "I think this matter must be handled as soon as possible, and we must confirm this matter before next Monday!"

The two were arguing, but the others looked at the short and fat old man who had been sitting on the top. As the head of the China Securities Regulatory Commission, his attitude was the key. However, on the issue of the Andu property rights exchange, the head of the Andu property rights exchange has rarely made a clear statement. He only asked the non-listed company supervision department to strengthen the investigation of the Andu property rights exchange to determine whether it was a name for securities transactions.

But this problem is a specious marginal problem. If you want to implement it, it depends on the attitude of the leader. Before the head's attitude is unclear, the regulatory department of the non-listed company also felt it was very hot and could only report on the facts of the investigation. However, this simple fact report is the most meaningless in such occasions, and everyone understands this.

"Old Wei, what do you think? You have also introduced the basic situation of the investigation just now, which is basically consistent with the Anyuan Securities Regulatory Bureau. I want to listen to your views on this issue now." The short and fat old man finally raised his eyes, his voice was very light, but no one could underestimate him.

Wei Guanglu, director of the supervision department of the non-listed company, looked at the two vice chairmen with different attitudes hesitantly, swallowed a mouthful of saliva. Under the sharp eyes of the short and fat old man, he realized that he didn't seem to have any edge on this issue. Now he can only talk about the matter and reflect his own opinions. As for his attitude, he would never show that it was the leader's business and he didn't want to get involved.

"Chairman, in fact, we were paying attention when Anyuan proposed this idea half a year ago. The Andu Property Exchange is not a new thing. In fact, there are property exchanges similar to Beijing, Hujiang, Zhengzhou, and Chongqing. However, these brands are listed as property exchanges. However, after the State Council banned the technology property trading market in 1998, these property trading markets were in name only. It was not until after 2002 that the property trading markets in various places began to recover. In order to promote corporate financing and technology transactions, some provincial governments also actively intervened in the shareholding and quickly realized state-owned holdings. With the support of the government, these trading markets developed rapidly. However, at these times, they were more sporadic or case-based transactions. The trading market was like a broker who ran the singles and did not play a big role."

"As the state supports the development of the non-public economy, small and medium-sized enterprises in the private economy have developed very quickly, but our financial market has not been able to keep up with the development of these small and medium-sized enterprises. According to some foreign data, the degree of economic development activity of a country is often reflected through the development environment of small and medium-sized enterprises. Our domestic financial market, both banking institutions and securities market, has very strict requirements for small and medium-sized enterprises, which directly leads to the difficulty of financing for small and medium-sized enterprises. And the Andu Property Exchange probably came into being under this situation."

"Another opposite situation is that private capital is abundant but there is no investment channel. Due to the incomplete financial market system of our domestic financial market, the lack of investment and financial management channels, the common people have no way to invest, while small and medium-sized enterprises have no way to raise funds, so the phenomenon of usury, which is quite popular on the coast, is becoming increasingly rampant. In fact, we all know that illegal fundraising and underground money houses in coastal areas, especially in Jiangsu and Zhejiang, have reached a very terrible situation. Although functional departments at all levels have also taken various measures to crack down on and regulate these illegal activities, this is all about the symptoms but not the root cause. The key is to find a way out for private capital investment. At this point, I personally think that the Andu Property Exchange has come to the forefront, which is also an ice-breaking journey."

After the thin man's face changed slightly, he became more calm, while the short and fat old man's expression became more and more interested. However, everyone knew that this was just an appearance. No one could guess the Chairman's thoughts. He could sit in this position for so many years and had never seen anything. Your little trick of trying to suppress or playing hard to get is a pediatrician in front of him.

"These are the backgrounds that Andu property rights exchange has emerged. It should be said that Andu has also had some awareness of this aspect in the early stage, but it has not been implemented. However, since last year, Andu has significantly increased its efforts in this aspect, especially since they have brought up the Ministry of Industry and Information Technology that is being established. The Ministry of Industry and Information Technology is also eager to make some achievements after the establishment, so the two sides hit it off, so the prototype of this property rights exchange came out. Of course, Andu has also contacted us many times to ask for business guidance, but now we have not made any reply to the definition of their property rights transaction form, so we can only observe more often until now."

"From their current trading forms and means, they actually have the prototype of securities trading. The overshadow of some things on the surface cannot indicate that they are not engaged in illegal securities trading. At this point, I think all of them are experts here, so I don't need to explain them much. From their methods and transaction forms, and many procedures, they are completely imitating A-share market transactions. Perhaps the only difference is that they conduct equity transactions of non-listed companies, and this is probably the case."

"After talking for a long time, Lao Wei, you don't seem to give everyone an intentional attitude? In essence, it has the prototype of securities trading, but it is still a little different in form and cannot be covered up. Who are you going to fool with these vague words?" The short and fat old man's face turned a little bit darker, and his voice increased a few degrees. "Is this the answer given to me by your regulatory department? The result is still one, vague, edge, unclear policies, and marginalized new things?"

Hearing the short and fat old man say this, the people at the oval conference table subconsciously lowered their eyes, and the conference room became silent.
Chapter completed!