The summary report on the practice of financial derivatives in agricultural film government procurement was held in Qinan, Gansu Province on July 12. Zeng Jian, deputy secretary of the Party Committee of the China Petroleum and Chemical Industry Federation, fully affirmed the financial services real economy and participated in the precision poverty alleviation. The 'Qin'an model', and will actively coordinate the promotion of multi-party resource assistance mode.
Wang Qiang, Vice President of Huatai Futures Co., Ltd. introduced in detail the 'Practical Exploration of Financial Derivatives in Agricultural Film Government Procurement (Qin'an Model)'. According to reports, Huatai Futures will be in Dalian Commodity Exchange from the end of 2017 to the beginning of 2018, Tianshui City. Under the support and cooperation of the People's Government and the Qin'an County People's Government, Qin'an County explored the application of financial derivatives in agricultural film government procurement, and assisted government procurement through the risk management of OTC option insured. As a project, Dashang Cooperated with Gansu Fuyu Plastic Industry Co., Ltd. to carry out the nation's first single-row plastic futures option trial, Huatai Futures as the risk hedge of the project, to ensure the quality of agricultural film procurement, serve the real economy, and lock the government's agricultural film procurement The processing cost of the bidding project will achieve a cost savings of 970 yuan per ton for the 3,000-ton agricultural film government tendering order. The company will save the company's bidding procurement cost of nearly 3 million yuan while successfully helping the company to lock in profits.
Cheng Weidong, deputy mayor of Tianshui City, introduced that in order to explore the comprehensive use of modern financial means to support the county's economic development model, the Tianshui Municipal People's Government and the Dashang Institute signed a cooperation agreement on 'future market boosting Tianshui's economic development and poverty alleviation'. This has carried out many explorations and summed up and evaluated the 'Qin'an Model' as one of the successful cases. The pilot project introduced the financial derivatives of OTC options in the process of government procurement of basic agricultural film, realizing the function of futures market and stabilizing industrial profits. And to reduce the government's fiscal expenditure cost win-win effect. From the pilot results, this agricultural film poverty alleviation procurement project has achieved higher government poverty alleviation fund use efficiency, more stable industrial product supply, business model has the value of promoting to other regions and condition.
The deputy secretary of the Qin'an County Committee of the Communist Party of China, Cheng Jiangfen, the county magistrate, fully affirmed the pilot project, arguing that this is an important exploration of the financial poverty alleviation model. It is a kind of exploration for the improvement of the endogenous competitiveness of the county economy, which will inject new vitality into the industrial economic development of the county.
As one of the beneficiaries of the project, Chen Erhu, Chairman of Fuyu Plastic Industry, donated 250,000 yuan of agricultural film products to the users at the report meeting, and said that he will continue to do a good job of products, in return for the government and return the society. .