When the two came back from the market, they immediately sent someone to deliver the news to the city hall - other than there, they didn't know who to notify. The correspondent sent another note from An Jiu, saying that Chen Lin's request for an interview was about the current paper and cotton situation in Guangzhou.
As soon as the word "paper cotton" hit his ears, Li Shan immediately said: "Send someone to find Chen Lin and tell him that I will see him right away!"
The correspondent turned around and went out. In less than an hour, Chen Lin arrived at their temporary office in Big World. In person, he told him everything he had heard and seen about the paper cotton in recent days, and also talked about his own hidden worries.
"...The price of cotton just rises three times a day. It goes up and down according to the market. There is always a way to say it. If you write a deed on a blank piece of paper in this flower cloth shop, you can sell it as goods and exchange it for white flowers. Silver money has never been heard of since ancient times..."
"You don't have to worry too much. This is just speculation. Some people are too greedy and will suffer big losses." Li Shan said, "You just need to control yourself! As for the cotton issue you mentioned, we have relevant preparations. Yes. Raw cotton will enter the market in a few days."
"Yes, thank you very much, chief!"
"However, don't reveal this news for the time being. Just know it." Li Shan said, "Don't worry." He was actually very nervous, because once the paper cotton bubble bursts, the price of spot raw cotton will also follow. avalanche.
Although today's raw cotton spot bubble is also very big, a return to normal prices is a good thing. If the price drops too much, it will inevitably harm a large number of industry stakeholders. It is detrimental to the development of the industry.
And will this incident affect the status of the cotton textile industry in the Senate? Li Shan is more worried about this.
Not to mention the paper and cotton incident, even without this incident, it is a reality that raw cotton is in short supply and factories are on the verge of shutting down due to lack of raw materials. It proves the consistent reason of many senators who opposed the development of cotton textile industry in the past: Guangdong's cotton planting industry is simply not enough to support a large-scale cotton textile industry. He originally thought that he could overthrow Songjiang cloth through dumping of woven cotton cloth and force the export of cotton in the Jianghuai region.
The problem is, there is not even enough cotton now, so where can we get "massive" and "cheap" woven fabrics? The Songjiang cloth that was supposed to be "finished" in the plan is not only not finished, but is still moving southward, because local cotton fabrics, whether from factories or farmers, are simply not enough to satisfy the appetite of the Nanyang Company, a gluttonous beast that suddenly appeared. .
It is impossible to count on Jianghuai cotton, and Guangdong itself is not a suitable place for growing cotton. The only hope is India. Thanks to his foresight, Penglai Company conducted relevant negotiations with the Portuguese and British last year and entered into a number of forward delivery contracts for cotton. Three Portuguese ships are now fully loaded with Indian cotton ordered by Penglai Company and are berthed in Macau for quarantine clearance procedures. Once the procedures are completed, the Portuguese ships will sail directly to the cargo terminal of Wanguo for unloading. In an instant, hundreds of tons of cotton will be unloaded. IWC goes public
Undoubtedly, the only result of the bursting of the paper cotton bubble and the entry of a large amount of spot cotton into the market is that spot cotton prices have plummeted across the board.
How can we make the price "smoothly land" instead of having a "hard landing"? Li Shan discussed with Zou Biao in the office for a long time, but there was no result.
The only way they can think of is to ask Liu Xiang to carry out administrative intervention, directly ban the paper and cotton trade, and ban and seal the fabric shops of several initiators. But what about the subsequent liquidation? Even if all the "illegal gains" from the floral cloth shop could be recovered, it would still be far behind the current market price, which has increased more than ten times. Those people whose paper and cotton hands have become worthless will definitely not be able to accept it.
"I think we can't figure this out ourselves, so we still need to find professionals to handle it. As for Indian cotton, I don't think it will be listed for the time being. As long as it doesn't enter the market, at least the spot market will be stable." Zou Biao He came up with an idea, "Originally, the main customers of raw cotton are not retail investors in the market. Let Penglai directly supply Nansha Factory and Guangzhou National Cotton Factory according to the internal agreement price. Try to reduce the impact of spot goods..."
"But this means Penglai has absorbed all the financial pressure."
The Nansha factory currently only has 720 spindles, and its ability to digest inventory is limited; while the first phase of the project has 1,200 spindles of Guangzhou national cotton, and the infrastructure and equipment installation will not be completed until the autumn.
"Forget it, let's discuss it with Lao Ren and Chu He." Li Shan said.
Before they could go out, the closing business information of the Wanguo Textile Market had been delivered to them. Cotton cloth fell by 16% compared with the previous day, cotton yarn fell by 23%, and cotton fell by 27%...
This tragic drop was too terrible to watch. Li Shan knew that if it were the stock market or futures market, someone would have jumped off the building by now.
"What's going on with paper cotton?"
"The people sent to inquire came back and said that the Qingyunlou Teahouse, which originally traded paper and cotton, closed in the afternoon..."
"What?! Ran away?"
"The specific situation is unclear."
"Call the city police station in my name, ask Mu Min, and ask her to dispatch a few police officers to help me investigate some matters." Li Shan wrote a note and handed it to the correspondent, "Let The police report to the CSRC office.”
Then he quickly called Liu Xiang.
"I already know about this." Liu Xiang's voice was tepid. "Xiao Ren and Chu He are working in the big world. You can hold an on-site meeting there."
Judging from Liu Xiang's tone, it was obvious that he did not take this as a big deal.
"Well...don't you...don't you send someone to attend?"
"I think this matter is more professional and involves financial stability. As a local administrative leader, I am not suitable to directly lead the organization to intervene in this matter." Liu Xiang said, "You discuss first what to do specifically and form a resolution. After that, I will just refer to it and implement it. Don’t worry, our city government will fully cooperate.”
This is both a dodge and a statement, but the meaning is self-evident. Liu Xiang does not intend to be deeply involved in the paper and cotton incident, and he is not very interested in "maintaining market stability."
However, at least he took a stand.
The offices of Ren Youzi and Chu He are in the big world, very close to their offices. Li and Zou walked over and knocked on the door, and found that Ren Youzi was not there yet, and only Chu He stayed behind.
"Old Ren was called by the Cheka to help. We have few affairs here and the workload is not enough. But he will definitely be back before dinner." Chu He smiled slightly awkwardly, "Have you come to us recently? What about the paper cotton?”
"That's right, that's right!" Li Shan was already furious. Seeing that Chu He still looked calm and calm, he felt angry. His eyelids were swollen, and it was obvious that he had fallen asleep just now.
There is such a big chaos happening outside, but you are willing to sleep! He cursed in his heart, but out of politeness he still said: "This matter has become a big deal now. I was worried about something happening, so I came here to see you - after all, both of you are professionals."
Hearing that he was "professional", Chu He showed a slight smile on his face and said modestly: "I don't dare to say whether he is professional or not. After all, the social environment is very different. Please take a seat first. Ren Youzi will be back in a while. Come on, let’s talk together.” After that, he called his life secretary and poured tea for the two of them.
"In fact, Lao Ren and I have known about the paper cotton issue for a long time. It is included in the social information bulletin in Guangzhou. To be honest, we are all very interested. This illustrates one point: commerce and finance are actually inseparable. To a certain extent, It will come to this world spontaneously in various forms without being taught by us so-called 'future minds' as a clever trick..."
Zou Biao wanted to see you like this, and probably regarded it as a sign of social progress. But it was inconvenient for him to have an attack now, so he had to continue listening.
"We have the same view as Lao Ren on this matter. That is, everyone can be calm and calm, and even if it breaks out, there won't be much consequences."
"But……"
Just when Li Shan was about to raise his doubts, Ren Youzi came back. As soon as he entered the door, he asked: "What's going on? Why are there two policemen? They said they were sent by Mu Min to report here..."
"I asked Mu Min to send it to me." Li Shan explained hurriedly.
"Good guy, are you going to go to the police directly for paper cotton? Are you sure?" Ren Youzi put down his briefcase, took the towel handed by the life secretary and wiped his sweat.
"I don't have the power to determine the uncertainty, but our futures market suddenly closed." As he said, he told the story of the Qingyunlou Teahouse that suddenly closed in the afternoon, "Most of the paper and cotton are traded in this teahouse. I doubt it. The sudden closing of the door means that the relevant parties may run away! So I considered whether to ask the police to arrest the person first."
"It is indeed possible." Ren Youzi nodded, "However, the teahouse owner is not the issuer of paper cotton. He earns nothing more than handling fees - it is not clear whether he has any, so it would not make much sense to catch him. Besides, even if you arrest all the owners of the cotton shops that issue paper cotton and force them to cough up all the money they make from selling paper cotton, will you be able to make up for the current hole?"
"this……"
"You two are the heads of the cotton textile department, so I can understand your mood. But we have been paying attention to this matter." Ren Youzi said as he took out a file box from the filing cabinet and handed it to Li Shan.
"This is what we have collected about Guangzhou's paper cotton. Every detail is available here."
"So you are paying attention..."
"Otherwise, are we just going to drink tea and sleep here every day?" Chu He said with a bitter smile, "As I said just now, the emergence of paper cotton is a very interesting thing, whether it is for official business or purely to satisfy our needs. A little bit of research desire and we’ll pay attention to it.”
Li and Zou were somewhat calm at this time. It seemed that these two people were quite reliable!
The book will stop updating tomorrow.
(End of chapter)
