Investigation on commodities trading in Tianjin bonded area

Recently, China Economic Times reporter received a complaint, said the commodity trading market has very serious commercial fraud and disguised gambling platform behavior, and has led to a large number of investors have been wiped out.　　This reporter to Shandong, Sichuan, Chongqing and other areas of investors and Tianjin concerned about the investigation. Newspaper reporter Li Guopeng "Commodity trading market has very serious commercial fraud and disguised gambling platform behavior, and has led to a large number of investors have been wiped out."　　Recently, the Chinese Economic Times reporter has received such complaints.　　To this end, this reporter in different ways to Shandong, Sichuan, Chongqing and other areas of the investor survey, and in mid-December interviewed the relevant and bonded area of Tianjin Commodity trading Market (hereinafter referred to as "market").　　Attracting complaints and questioning on the morning of December 15, Tianjin Binhai Free trade zone, the biting wind in the car scarce, located in Xingang Road, 122th, "bonded area commodity trading market" is particularly deserted. "The market was registered on April 28, 2009 and opened on September 1. Tianjin municipal Free Trade zone by the Government reported the approval of the Trade and Industry Bureau, in the State Ministry of Commerce prepared the case. Free Trade Zone Commodity Trading market President Sun Mingzhen in his third floor office told our correspondent, "Market" current business scope has six categories, involving energy, metals, agricultural products, etc., "and the district (bonded area) Other home is different, we have international trade business."　　"Market" Customer structure for "member + Service Provider" system, Sun said that members (refers to the spot business, traders) is a trader, is authorized by the service provider to participate in market traders, service providers are in a certain area for the market development services, have their own professionals, the industry's deep understanding, there are analysts, evaluators and so on. "After the legal status, the market is missing is the membership and service agents." "A service provider in the market told our correspondent," they (referring to the "market") sent some senior managers to the local merchants (such as our service providers), lectures, and then by us to develop absorption members. "We are not afraid of them [the market] because they are supported by local governments," the service provider said, as to the risks and precautions. "In this respect, Sun also made clear:" The bonded area has eight or nine (dealers), the government certainly support, there are export tax rebate policy.　　"However, the market has been receiving complaints from investors all over the country," he said. "Tianjin market recognized by the so-called service providers to recruit investors to sell the spot business, with high returns as bait to defraud us the trust of these investors, and then use our identity card copy of the investor to Tianjin bonded Area commodity trading market account, factually sealed warehouse operation, cheat our trading password, after 3-5 days of capital injection, Most of the money was cheated. "Chongqing investors," Mr. Yang told our correspondent, "The service providers use the means of market payment, the transfer of funds in order to achieve the goal of cheating investors a lot of money, investors are cheated of the amount from tens of thousands of to hundreds of thousands of." Mr. Zhang, an investor in Heze, Shandong, told this reporter about hisEncounter. "I was the Tianjin bonded area commodities Trading Market Co., Ltd. Heze branch to hire for the name of the company was cheated." He said that he had repeatedly persuaded the branch manager Yao to run an industrial and commercial bank account 6222021609004560691, gave a 37171096 transaction account, by its employees for the first time to enter the gold 50,000 yuan, several times to buy the Tianjin market in December, 1100 batches of Japonica rice contract x 100 kg of 110 tons, the December bituminous coal 20 batches of x10 tons of 200 tons, has a total of 615800 yuan has been exceeded the full payment of all the money. "Now full solution, lose more than 100,000 yuan."　　In addition, the status and background of the "market" investor have also been questioned by investors. Industry and commerce data show that Tianjin bonded area commodity Trading Market Co., Ltd. registered capital of 20 million yuan, the registration authority is the Tianjin municipal trade and Industry Bureau bonded branch; the paid-in capital contribution of the shareholder or the investor is: Sun Mingzhen 4 million yuan, Zhang 4 million yuan, Zhaojiang 7 million Yuan, Zhouchen 5 million yuan　　The contribution ratio Zhaojiang the highest, accounting for 35%, zhouchen second, accounting for 25%.　　It is understood that the company's normal operations by Zhouchen and Sun Mingzhen responsible, and not long ago, Zhouchen was promoted to chairman, Sun Mingzhen president. So what is the background of the other two contributors Zhaojiang and Zhang?　　Is it true that investors are reporting "liars in a shell company"? December 16, our correspondent to Sun Mingzhen president of the e-mail interview letter to verify, "Zhaojiang, Zhang and your market is what relationship?" What social positions or identities do they have?　　"But it never echoes. However, the Internet display, legal person Zhaojiang, on November 5, 2003, Registered Tianjin Development Zone Quantum Electronic Commerce Co., Ltd., the main business scope for commodity trading information advisory services, investment advisory services, online commodity trading information services.　　The company is the address of the Tanggu District Jiefang Road No. 488, Sheng and building 2 floor. Zhang, April 28, 2003, registered company Tianjin Australia Pastoral Trading Co., Ltd., the company registered address for the Tianjin Economic and technological development Zone Hai Wang Garden 25 doors 201 room.　　but no substantive business.　　Whether the two people with the "market" in the same name of the two contributors to the same person, this reporter sent the e-mail again to verify, but has not been answered. For the "market" current operating conditions, "no good before, but a period of time before the complaint, in the recent qualification audit, regional approval to strengthen the management."　　Sun Mingzhen stressed that for management problems, there is malicious competition between service providers, the market is not a functional sector, but a intermediary platform.　　"Let the service Provider Forge license" investors to the "market" complaints, first of all in the "market" in order to develop more service providers and unscrupulous, and even the quality of the service provider fake. Tianjin market also requires subordinate agents to change the tax registration certificate, business license and other documents. Mr. Zhang said that because of the third article in "State Six", "prohibition of natural and industry-free enterprises from entering the marketTransactions。　　To instruct the market-makers to only allow upstream and downstream production and circulation enterprises in connection with the traded goods, the natural persons who have traded in the markets and the enterprises without industry background to hold the contract for the delivery or closure of the city. This reporter noted that in Mr. Zhang provided to our correspondent about Agent Yao's business license, in addition to the legal entity is not Yao my name, the date of issuing the certificate is: December 2, 2010.　　What makes people wonder is, as a service provider nearly a year, how recently to obtain the "business license"?　　In addition, the date of issuing the certificate on the tax registration certificate of the service provider is: December 7, 2010. Why is this happening?　　Does the agent have the spot background or the spot qualification to avoid the risks that may arise in the future? "From March ago asked Yao a company to provide me with the formalities, but has been said to take delivery of the line; Now the delivery period has arrived, Yao still does not give any qualification certificate, said that her company has no qualifications." June She to the Tianjin market is a false qualification, is the market-inspired fake materials.　　Mr. Zhang said Yao said she had a recording of the high level of market-directed fake qualifications. "' Market ' irregularities in the development of the unlicensed Yao a forged license to do agents, Yao again to conceal the truth in the name of recruitment, lured not to have the ability to deal with the natural person involved in the transaction, and then use unconventional means to make it underfunded, to all the participants to eat." Mr. Zhang said that the individual has not been eaten, to the settlement period, not only to compensate for the small amount of liquidated damages, also said no goods.　　"and find all kinds of this is not the rogue reason to force you to pay low price and sell orders." In this regard, Sun said to our correspondent, "' Market ' in more than 200 of the service providers are in line with the requirements of the qualified service providers must complete the qualification, or disqualification."　　For disturbing order, not qualified members, has now been abolished more than 30. Sun also said, "The cancellation of a service provider, market losses are also very large, because the market relies on them to collect service fees."　　The standard of service charge is to collect fees according to Variety. But for the cancellation of which more than 30, sun will be our correspondent online inquiries.　　This reporter noted that the September 29, 2010 "Market" to dealers, members of the "Tianjin Commodity Market Bulletin." "It is found that Guangzhou Asia is investment Consultants Limited (booth No. 44011) and Chengdu Boyi Investment Management Co., Ltd. (booth number 51013) by way of illegal to the customer caused serious losses, the market reputation has a very big negative impact, the market by research decision,　　Since now will permanently cancel the above two service providers in Tianjin Free trade Zone commodity trading market qualification ".　　In fact, the above-mentioned service providers are not listed as "disqualification".　　According to the complainant, in addition to being complained about the false qualification of service providers, the "market" itself is also suspected of dealing with varieties of illegal. Sun is very dismissive of this statement, "We are listed first, the actual transaction in the post." No, you can find it online.To。　　"The artificial control Panel, manipulating the price" man-made control plate, manipulating prices is the investors listed "market" the second "crime". "The price is seriously deviated from the ' market ' suspected of manipulation. The ' Market ' trading variety ' japonica ' 1012th contract listing price of 480 yuan per batch (100KG per batch) is down to 310 yuan per batch, which was already significantly lower than the national wholesale prices of grain market. In Sichuan, Mr. Chen said in the complaint material to our correspondent, this price attracted a large number of small and medium-sized investors to participate in the low funds, and then in the national grain price stability in the form of a rise, the market-makers control plate prices continue to deviate from the price of food prices fell sharply to 210 yuan per batch (that is, 2100 yuan per ton,　　At that time, the national grain market with the specifications of Japonica rice wholesale price of 4100 yuan or so. Another of the "market" varieties of bituminous coal has also been manipulated by the makers.　　Mr. Chen said, "The contract is calorific value of 4500 kcal bituminous coal, the market settlement unit for Qinhuangdao port, the grade of bituminous coal Qinhuangdao port price of 590-600 yuan per ton, and plate prices are also in the spot price rise in the case, was the banker to suppress to 420 yuan per ton or so."　　Mr. Zhang also expressed his feelings and views on the prices and trading of "japonica" and "bituminous coal" of the two trading varieties of "market". "In May this year, the spot price of bituminous coal rose from 515 yuan/ton to 535 yuan/ton, and the price is likely to be further bullish due to summer demand." However, the main price of electronic disk contract June, from 540 yuan/ton fell to 436 yuan/ton, since the price has never been to 500 yuan/ton, the main fleeing, resulting in 520 yuan/ton normal bullish people burst positions and losses.　　Mr. Zhang said, "The main contract September, the spot price rose to 580 yuan/ton, the market is a new contract listing, the price is 580 yuan/ton, due to the end of summer, spot prices have been falling, the price of electronic disk from 580 Yuan/ton rose to 690 yuan/ton, and at this time the spot price has fallen to 540/ton. He stressed, "the December bituminous coal, the main contract, market price of 580 yuan/ton, the spot price stable at 570 yuan/ton, the electronic disk rose to 681 yuan/ton, the spot price is now stable at 540 yuan/ton, the disc has now fallen to 420 yuan/ton, resulting in normal in 600 yuan/ton short person loss,　　Normal at 500 yuan/ton long is also a loss, now the main shift warehouse, December price fixed at 420 yuan/ton, the price has always run counter to the spot. "Is the price the market?" Is it human control?　　Mr. Zhang asked our correspondent. "They (' markets ' and service providers ') will eat your profits (the fees are divided) through frequent trading and a fee system.　　Mr. Yang of Chongqing said, "their electronic transactions have market makers, there is a clear handicap information, many empty funds at a glance, he will reverse operation, the majority of the party must lose money, even if you are a minority, the dealer will be vigorously wash the plate, call your margin burst and forced liquidation. “We know, is that a few people in the complaints, after the slowly good.　　President Sun Mingzhen to this reporter said, "July 1, 2010, the National seven ministries to check, the market is not only not a problem, but in the free trade zone in the 8 market, the market evaluation is the highest." Sun told our correspondent, "the industry's biggest feature is that members are larger than speculators, but do not exclude speculators, otherwise how lubrication?"　　"Malicious speculation, without any kind of delivery" in our correspondent's investigation, investors listed the "market" the third "crime" is malicious speculation, there is no physical goods available for delivery. "Yao to the market has insider news today to rise or plunge as a result, to everyone quickly buy up or buy a fall, the results are the opposite, so that we all quilt, loss of heavy." Mr. Zhang said, "I ask the ' market ' for settlement details and settlement of the required formalities, etc., but the ' market ' has been pleaded that the seller does not agree, can not be paid, we buy the price than the transaction price of more than 200 points, the seller side why not agree to accept it?" Mr. Zhang also listed the following examples and details: "Settlement system 16 said that the settlement warehouse in the market location in Tianjin, to the final settlement period, the market President Sun Mingzhen and Rong will be a total of us to Xiamen delivery, I run more than 2000 kilometers of delivery, but also I give them 700 yuan per ton of Chashing I will have to go to Heilongjiang border Hulin delivery, but also limited to January must be pulled away, but also said that Heilongjiang food may have exit restrictions.　　Their first level of national standard Japonica rice is not more than 1.4 Yuan Jin Harvest (now level GB Northeast japonica is 2.5 yuan/kg, I spend 2 yuan more/pound to buy the standardized warehouse list, became 1.4 yuan/kg of harvest, wagon transport and other related formalities I have to solve. Is that what they call a fair deal? This is their fast and convenient logistics warehousing services?　　Mr Zhang asks. "Look at what they call open trade." He said, "December 3, the seller should deliver the goods warehouse order, the buyer delivered the full payment, otherwise it is a breach of contract."　　To December 10 I asked Sun Mingzhen designated delivery warehouse name in order to prepare for the delivery, he did not say, only to December 16 took the bill of lading to know, and in the receipt of the bills of lading 5th must be inspected, otherwise it is considered as the quality or quantity of goods. "If the market is not a seller, there will be no spot price has been rising, the price of the transaction plunged, pressure four months does not price, to delivery time than the lower half of the spot price of things happen." "The above proof is enough to show that the market in Tianjin is a seller, the market has no precedent for delivery, and it is the virtual liar market of shopping," Mr Zhang said. The high managers and other executives of the Tianjin market have said that the market is fictitious and there is no spot delivery precedent. In this respect, this reporter did not get the "market" argument. However, President Sun Mingzhen in reply to futures and spot, stressed, "spot is the combination of futures evolution, make up for the shortage of futures." Futures is a lot of speculators, the deposit only 4% on the line, and the spot is more traders, the deposit must not be less than 20%, margin magnified 5 times times. Other than thatCash in the settlement is also more convenient. No supervision highlights legal vacuum December 16 Afternoon, our correspondent came to Tianjin Municipal Committee. On the telephone, director Cui told the Information Services Department of the relevant officers, the market is a little disorderly, more complaints, inconvenient to say.　　Also, the country is being investigated and the intensity is big. "The Commission is only doing some macro management, such as the planning and layout of the market, regardless of the specific business."　　"A staff of the information service told our correspondent that the specific violations by the industry and commerce, quality supervision and other departments are responsible for the problem, can be based on the laws and regulations how to deal with. "The person in charge of this piece is not in the office at the moment, and we will let him know when he comes back."　　Tianjin Municipal Bureau of Industry and Commerce staff told the newspaper reporter. "(Commodity trading market) to the municipal Development and Reform Commission Financial department tube, the authority is not here."　　"On the afternoon of December 23, the director of the Tianjin municipal government's Office of Financial Services told our correspondent on the phone.　　and the Tianjin Development and Reform Commission in the Financial Department of Mr. Cai told our correspondent in the telephone, leadership meeting went to reporters leave contact way, back to inform.　　On the afternoon of December 23, the Ministry of Commerce, Department of Market Order, a director told the reporter on the phone that the commodity trading market to market-building division, but the market construction division's telephone has not been answered. "We are neither a competent unit nor a regulator." The market has never had a lifetime with us, and we don't have that in our area of responsibility. December 23 Afternoon, the SFC Tianjin Securities Bureau, Ms. Ren said to this reporter, and suggested that through the municipal government complaints channels or the mayor's mailbox to solve.　　Because the market is based on the policy of the new coastal area of the government derived. "For commodity trading markets, the state has no clear laws and regulations and is now in the market."　　"Lio Yingmin, director of Futures Securities Research Center of the State Council, told our correspondent.　　Senior spot market expert, director of the Institute of Securities and Futures of Beijing University of Commerce and Industry, Hu Yuyue that there are two reasons for the chaos in the electronic trading market: First, there is no clear market management body, and secondly, there is a lack of effective laws and regulations and institutional norms.　　Thus, the Tianjin Binhai Free Trade Zone commodity trading market in this way under the unsupervised State development.　　It is reported that Tianjin has a total of up to 20 similar markets, and the relevant departments have only 5 of the market to the Ministry of Commerce for the application of the report. In fact, at the end of last year, the State Administration for Industry and Commerce issued article No. 232, request "the national prohibition of the newly established commodities in the Cosco market"; Earlier this year, the Ministry of Commerce issued the "Cosco market rectification of the norms of work guidance"; At the end of June this year, under the unified deployment of the State Council, the Ministry of Commerce, the NDRC, the Law office, the SFC　　The CBRC, the general Administration of commerce and Industry and seven Ministries of the Ministry of Public Security jointly formed an investigation and reorganization group to deepen the field investigation and rectification of commodities in the COSCO trading market. "Until today, the spot commodity trading industry is still in the midst of an unsupervised mess".　　Industry insiders to the reporter said. For Tianjin bonded Area bulkOn the issue of commodity trading markets, some analysts point out that the commodity electronic trading market is the "replication costs" very low industry, "who has the money to open a". The reason is that local governments, for their own benefit, are still pretexts and playing ball.