My 1982

Li Zhongxin understands the futures than most Chinese people in this era, because he is the leader in futures trading in the international market, but! In the national futures market, engage in futures trading! Li Zhongxin didn't think about it.

Because Li Zhongxin felt that he was involved in it, there was no matter what others did.

Li Zhongxin remembers that the futures market has earlier in Europe. As early as ancient Greek and ancient Roman period, there is a trading activity of the central trading place, bulky goods, and trading activities with futures trade.

The initial futures trading is from the development of spot forward transactions. The first modern futures exchange was established in Chicago in 1848, which established a standard contract in 1865.

Original spot forward trading! It is the oral promise to pay a certain number of items at a certain time. Later, with the expansion of the transaction scope, the verbal commitment has gradually been replaced by the trading contract.

This kind of contract behavior is increasingly complex, and there is an intermediary guarantee to supervise the delivery and payment of the buyers and sellers, so there have been the world's first commercial long-term contract exchange in London in 1571, the Royal Exchange.

In order to adapt to the continuous development of the commodity economy, improve transportation and storage conditions, provide information for members, 1848 businessmen initiated the organization of Chicago futures exchange.

In 1851, the Zhigago Futures Exchange introduced a long-term contract. In 1865, the Chicago Cereal Exchange has introduced a standardized agreement called a futile contract, replacing the previously used long-term contract.

This standardization contract allows contracts to transfer, and gradually improve the margin system, so a futures market specializing in the sale and purchase of standardization contracts has formed, and futures become an investment wealth management tool for investors. The 1882 exchange allows for hedging to exempt the performance responsibility, increasing the liquidity of futures trading, this is a process of world futures trading.

The background produced by the Chinese futures market is the reform of the grain circulation system, which is the so-called China grain and oil market.

As the country cancels the universal purchase policy of agricultural products, the price of most agricultural products, the market is getting bigger and larger, the price of agricultural products is increasing, the price of agricultural products and the unevenness of spot price, distortion, agricultural production Suddenly, issues and food companies lack a preserved mechanism, causing the attention of leaders and scholars.

The high-level leaders have proposed the problem, ask the following people, can we create a mechanism in our country, can provide both price signals for guiding the future production and operation activities, but also prevent price fluctuations to become a focus of your concern, this time , People who know people have mentioned the equitable foreign countries to establish futures trading centers.

Actually! Referring to the history of China, there has been a commodity credit and long-term contractual system consisting of grain stacks and food in China. In the era of the Republic of China, China's Shanghai, Shanghai has appeared multiple futures exchanges, and the market has appeared crazy and hot.

Pseudo Manchu Province has also set up futures exchanges in 15 cities such as Dalian, Yingkou, Fengtian, Northeast, mainly engaged in soybean, bean cakes, soybean oil futures trade.

However, those exchanges are not standardized. Once there is a crazy speculation, so that this transaction has become a joke of pit, countless food businessmen become victims in transactions.

After the founding of the People's Republic of China in 1949, the futures exchange was extracted in China for decades. At that time, there was no such capitalist thing in China's land.

After the reform and opening up, China's food is gradually eaten, and it is! It is also possible to import some food from foreign countries through futures and other trades, and people find that this kind of transaction is simple and fast, and it is very suitable for the operation of such a thing.

So, in October 12, 1990, Zhengzhou Food Wholesale Market was approved by the State Council, based on spot transactions, introduced futures trading mechanism, and took the first step in the development of China's futures market.

Then China's futures market has been continuously developed. On May 28, 1991, Shanghai Metal Commodity Exchange opened. On June 10, 1991, Shenzhen Nonferrous Metal Exchange was established, and the first futures brokerage company in September 1992 - Guangdong Wantong Futures Commerce was founded, and the Dalian Commodity Exchange was established on February 28, 1993 ...

Just! These moves, Li Zhongxin did not pay more attention, he didn't want to engage in the Chinese futures market and stock market, naturally won't pay attention to these things, the operation of foreign funds, he can care about it is already A very good thing.

This country is proposed, to concentrate on do one or two exchanges, and strengthen the unified guidance and supervision and management of pilot work in futures markets, and have developed relevant supporting regulations.

Among the supporting laws and regulations, there is a referred to, to actively promote modern circulation such as materials distribution, conduct pilots in establishing large materials distribution centers, and give certain policy support.

Li Zhongxin! Caring is this information. Communications has opened logistics company models in Guangzhou, China, China, Hainan, China, which can be said that loyalty logistics company is this time China's largest logistics company.

Communications Logistics Company has now formed a scale in China, and the links between each other are very strong. From the northern transportation goods to the southern side, they can be installed on the southern to return to the north.

The same truth, from the southern transportation of materials to the north, can also have goods from the north to the south, so! There is no such information asymmetrical.

At this time, the logistics or a transportation company, there is no such awareness, and a simple example, many transportation companies transport a group of supplies from Dalian to Guangzhou, after transporting there, through a certain state-owned enterprise The relationship between partners, promoded can find some goods to be transported to north.

Many transportation companies that have the ability, no capacity, have a direct empty car return, invisible, the price of goods is invisible.

Under normal circumstances, a round trip cost is two thousand yuan, these! They are all shipped by the goods, and if they go to the logistics of the company, then, only payment of single items, the price is lower than the normal transport company, because the loyalty company has goods to and from the goods, that is, logistics The benefits of the system brought.

When the Communications Company did not build a large material distribution center in the country, it was already in Shen City, and it has been established in Beijing and Guangzhou and Hainan, and a prototype system of logistics has been formed.