Lin Gao Qiming

Chapter 2560 Press Conference

The parents of the gentry in Guangzhou, Nanhai, and Panyu, some with their children and some with their servants, entered the academy one after another. Many citizens who cared about the new policies of the Senate also came, and small businessmen with keen senses came one after another. Set up a small stall outside the school gate to start a temporary business.For the safety of the elders, Liu Xiang specially recruited people from the National Army Sword Drawing Team in Guangzhou, and arranged to guard the entrance, and then specially selected a few people from the yamen servants who used to work in the Guangdong Gongyuan to be responsible for the search and inspection, to check whether the visitors were carrying dangerous goods Enter.

These old guards are all people who are used to searching and checking students for exams, and they have extremely rich experience in checking and checking.As long as no one greets and releases water, any weird cheating objects can be found.It's just that most people are not polite at all.Many scholars hated and feared the "search and inspection" of the examination institute. The handsome and young people would inevitably be "mobbed" and "eat tofu" by these government officials.So the reputation is very bad.

So while Mu Min recruited these people to act as security inspectors, he also did a good job of training.In particular, standardize the inspection steps, clarify the parts and strengths that can be touched, and prohibit touching all over the body, so as to avoid unnecessary disputes.

In order to facilitate the inspection of women, several female security inspectors were also recruited from the female relatives of these people.

Under the command of the security guards, Chen Bangyan raised his hands, turned around, raised his feet, and after confirming that there was no abnormality in his whole body, he was let in.The moment he passed by the security guard, Chen Bangyan met the other's eyes, nodded slightly, and then quickly walked over.

After the boring and lengthy policy presentation, Liu Xiang went on to say:
"Next, let's invite the Secretary of the Guangzhou Securities Regulatory Commission, Ren Youzi, the elder, to speak on the recent paper cotton incident and answer reporters' questions!"

It is the opinion of the propaganda department to hold a press conference.In addition to the "Yangcheng Express", Guangzhou currently has many newspapers and magazines.

Although some veterans think that there is no need to run more newspapers, the propaganda outlets think that it is not a bad thing to have more news units. After all, the indigenous people have a great demand for information at this stage. Whether it is promoting literacy, propagating the New Deal or popularizing science, more needs to be done. Many communication channels.

Most of these newspapers and publications have Australian background, and most of them moved from Lingao.Including old-fashioned publications "Tianshui Life Weekly", "Friends of Readers", "Dianshizhai Pictorial" and so on.There is also pure private capital, yes, some indigenous people have realized the meaning of "newsprint".Although their concepts of "news" and "media" are still vague.

At the signal of a naturalized cadre, the crowd began to applaud.Accompanied by the applause, a middle-aged man in a white shirt and black trousers walked up to the microphone. He cleared his throat twice and spoke with a smile on his face, but no sound came out from the speaker.The frowning man tapped the microphone, but still nothing happened.That's all for the aboriginals, there was a whisper of discussion among the naturalized cadres behind, and they could vaguely hear the conversations of "something went wrong again" and "this is the latest technology".

Ren Youzi turned around to greet a young man, and said in a low voice, "Bring the loudspeaker, that's right, that's the one you called Da Dagong."

"Hey hey hey" "Everyone please be quiet" "Please be quiet"

Ren spread his hands flat and pressed down while making a sound, and the crowd gradually quieted down.

"I think I'm not late today." Ren smiled, but there was no reaction from the audience, Ren shook his head slightly.

"Hello comrades, journalists, folks in Guangzhou, hello. Today, on behalf of the Senate, I will briefly talk about the views of the Senate and the measures we will take regarding the recent small fluctuations in Guangzhou's financial market."

"We have noticed that recently, some traders and investors have invested in and traded so-called paper cotton. This is a financial tool that appeared spontaneously among the people. We believe that everyone's intentions are good, and they want to solve the problem of locking in future costs and The actual demand for income is to promote the long-term development of our planting and textile industries."

There was a voice of agreement from the crowd, and many people nodded frequently.

"However, for paper cotton, this kind of forward contract is not very standardized and mature. In actual operation, because there is no strong intermediary guarantee institution to restrict it, many irrational behaviors have appeared. For example, we have observed that unsuitable Actually naked short, forced positions, high turnover rate, quotation seriously deviates from the latest transaction price, self-buying and selling, knocking, blindly increasing leverage, ah, it led to some people with poor ability to bear, and some tragedies happened. These are not the performance of a healthy market."

"So, what is the conclusion drawn by the Ministry of Finance and Judgment? Let's just say, this paper cotton should have been taken care of long ago!"

Everyone looked at each other in blank dismay, and then small groups of small groups began to discuss in low voices.

Ren Youzi, who kept smiling, continued to speak.

"Since its establishment, Guangzhou Stock Exchange has successively issued non-preferred stocks and bonds of high-quality and efficient large enterprises and large companies, including Nanyang Company, Dabo Shipping, Runshitang, Foshan Iron and Steel, etc., which has opened up a new path for the real economy. The financing expressway also provides investors with better investment options, the results are obvious to all, and the academy is also highly affirmed, ah, highly affirmed."

"However, the recent non-governmental paper cotton transaction has sounded the alarm for us. There is no government supervision for over-the-counter transactions. Although the transaction itself is not illegal, but ah. This, the risk is very large. Some investors do not have this ability. You know, you have to borrow usury, but there is such a big problem! You have no choice but to sell yourself to Nanyang...ah, selling yourself...it's very difficult. We didn't pay enough attention to this derivative product before, and I have to do it here This review failed to guide everyone's urgent needs in a timely manner, and took a standardized and standardized path, which led to the current situation, and we are also deeply saddened."

"Next, we will start the [-]-day campaign to crack down on illegal trading, and thoroughly clean up all kinds of illegal activities. In addition, we are also studying, ah, this research...what is the research, mainly to study how to satisfy everyone's investment... Investment needs. I know that Guangzhou is a prosperous and affluent place, and the amount of social hot money is huge. So we are also researching, is there any other investment direction besides bonds? This time, paper cotton The incident also inspired us! So we will launch standard cotton futures and cotton yarn futures at the right time—not now, but at the right time, so as to provide manufacturers and investors with the highest standard of financial derivatives services. At the same time, enjoy the highest level of investor protection. This is also a positive response to the call of the court that finance should effectively serve the real economy.”

"Okay, that's all I'm going to say here. Next, I invite all reporters to ask questions in an orderly manner."

As soon as the words fell, a young man wearing glasses standing in the front immediately raised his hand.Ren nodded, and the youth cadre handed him the loudspeaker.

"Mr. Ren, hello, I'm a reporter from the Yangcheng Express. May I ask what specific regulatory measures the Senate has for the futures that will be listed? When will the contract information be announced? Thank you!"

"Good question. But we can't say 'coming soon'. After all, you can't become fat in one sitting. At present, the conditions are not mature, and long-term research and preliminary preparation are needed. So we will launch a 'advance payment remote' The simple model of "futures contract", the risk is controllable. At the same time, we will promulgate the corresponding futures trading management regulations, which will be upgraded to laws in the future depending on the situation. As for the draft regulations, we will also issue a draft for comments, and will fully solicit the largest market at that time Opinions from participants. As for the contract information, we will also solicit opinions from everyone. What I can disclose here is that referring to Dasong’s mature derivatives trading experience, combined with the local actual situation, it should not only ensure the liquidity of the market, but also It meets the requirements for commodity delivery. Alright, next one."

A graceful young woman raised her hand, and Ren happily instructed the young cadres to let her speak.

"Dear Governor, hello! I am Xue Xiao, a reporter from "Friends of Readers". I am very glad to meet you again today. I am very honored! I would like to know more about the highest level of investor protection you mentioned. In what ways is it reflected?"

"Ah...uh..."

Everyone held back their surprise and waited for Chief Ren's reply with his eyes rolled into the sky.

"This situation is like this. First of all, we will levy a certain percentage of investor protection funds for each transaction. This clause is already in effect for securities transactions. Considering that derivatives are a new thing and risky, we will initially Charging a slightly higher ratio is also a way to curb excessive speculation. Secondly, we will also strictly manage investor access, requiring qualified investors with certain experience and risk tolerance to conduct transactions. Thirdly, we will strengthen Investor education, the concept of risk in investment, prudence in transactions, buyer's emptiness, etc. is deeply rooted in the hearts of the people. Hmm."

"Thank you very much for the chief executive who took the time to communicate with us."

"Next person."

…To be honest, such press conferences and questions and answers are more or less in the nature of performances, mainly to let the indigenous people understand and understand the form of "press conferences", and gradually get used to obtaining authoritative information from the Senate through press conferences.However, this question and answer was not written in advance, and there was more or less room for the elders to play freely.

The big gentry actually didn’t really understand what he said, but they had heard about the paper cotton to some extent, but it was different from what the elders estimated. Almost none of the big gentry were involved in it, but the housekeepers, servants, Servants like the accountant and concubines at home are involved.For the big players, buying short and selling short is still too bold for them.

It seems that the Senate is not disgusted with this kind of transaction, and there seems to be encouragement in the words.But it's no wonder that everyone knows that Australians value money the most.

(End of this chapter)