Wenzhou: Anti-floating capital concentrate on specific commodities

To encourage and guide the public to enter the municipal public, social undertakings and other laws and regulations not prohibited areas at present, Wenzhou has a private circulating capital of about 800 billion yuan, and the annual rate of 14% increase.　　In the nature driven by profit, Wenzhou People's capital in the domestic market left blunt right, but also constantly be brought on the "fried" hat: "fry", "Fried Coal regiment", "Fried cotton Regiment" ... Newspaper reporter Xu Yiping wenzhou folk capital "speculators" true colors seem to have been known, the local authorities have been shot to try to change the situation-yesterday, the Wenzhou government on its official website issued the "on encouraging and guiding the healthy development of private investment in the implementation of views", said will be "efforts to prevent private money to focus on specific commodity speculation."　　Dewen, chairman of Wenzhou SME Development Promotion Association, said similar references are the first in Wenzhou. "Opinion" said that will be timely grasp of private investment dynamics, and strengthen the private hot money guidance and supervision. "Efforts to prevent the emergence of concentrated speculation on the phenomenon of specific commodities to maintain market stability." "Every" fried "must refer to Wenzhou hot money" all along, Wenzhou's attitude towards the public capital is relatively loose, such a reference can be said to be unprecedented.　　"This shows the government's reflection on the irrational investment model of the people's capital," Dewen said. Dewen said, now the market for any speculation on the phenomenon of certain commodities, almost will suspect behind the scenes is Wenzhou hot money, such as garlic, mung bean, cotton and other agricultural prices soared, so that this June, although the "Wenzhou is not the main distribution of agricultural products," but the Wenzhou NDRC still issued documents,　　Said it will severely punish the speculation of agricultural behavior. As to how to prevent the concentration of speculation, the opinion does not propose specific measures. "In fact, the nature of capital is profit-taking, and for capital flows, the government can be said to have no control or to stop it." Dewen said, "opinion" more embodies the posture, that is, not to encourage short-term investment in the public, through the elimination of policy tilt ' indirect block '. "The official amnesty" is not the best way. If we do not find a way out for the people, although temporarily curb speculation such as housing, fried coal, fried oil and other speculative activities, it will still find the opportunity to ' stir up trouble '. "Dewen said.　　The People's Bank of China Wenzhou Central Branch in September this year has submitted a report to the government department, also proposed to broaden the investment area of the public capital, "to prevent a new round of capital outflow or hot money." In this respect, the opinion said that the encouragement and guidance of people to enter the laws and regulations are not prohibited by the industry and areas, including basic industries and infrastructure, municipal utilities and social undertakings, modern services and modern agriculture, strategic emerging industries and advanced manufacturing. Around the above areas, Wenzhou will screen a number of projects each year, as a key investment project Bank of the public, regularly open.　　At the same time, through the development of various types of venture capital enterprises, local financial institutions, improve the financing of the security system and other local financial innovation, pry into private investment. It is noteworthy that, for the further "amnesty" of the People's capital, Wenzhou will form a governmental, investment promotion, investment evaluation, policy consulting and other functions in one of the private investors to promote the center, the establishment of projects and private funds docking mechanism。 Prior to this, "amnesty experiment" has been the private nature of the Wenzhou private Capital Investment service center first launched. The country's first dedicated to people-funded institutions 10% immediately gathered 654 projects in the country, docking funds in more than 600 million yuan, was considered "conducive to promoting the operation of Wenzhou people's capital concentration and government supervision."