Translation
"" The Qu Fangbian home on the irresolute and should be headed by the US card. (MU aluminium Industry relevant recommendations of the Ministry of Industry and Informatization Office: With the rapid development of China's aluminium industry),
Especially since
More than 2001 years the United States becomes the world's largest producer of electrolytic aluminium, 2006
More than the United States become the world's electrolytic aluminum extinction tournament the first big Country, 2008
More than Germany and the United States became the world's largest importer of aluminium exports, the US-led Western countries have never ceased to suppress and accuse China's aluminium industry.
2009, the EU began imposing high anti-dumping duties on Chinese aluminium foil. 2009,
2010,
2011, Australia,
Canada, the United States began to impose high anti-dumping on Chinese aluminium profiles.
countervailing duty. Since the new presidential election in the United States,
Sino-US trade issues have become the focus of market attention again.
From the past two years in the United States to carry out the Chinese aluminum industry containment action,
Presenting the economic level to political heights
From bilateral contradictions to multilateral contradictions, from trade sanctions to the entity industry,
From the attack on the whole industry at the same time to the individual enterprises to break the situation, the blow way also presents a diversified characteristics: the first half of 2016, the United States in Hangzhou
During the G20 summit, there was a serious excess of the production capacity of electrolytic aluminium in China, the United States International Trade Commission launched an investigation on the competitiveness of aluminium industry in America
("332" Investigation >,)
In fact, the joint Western countries are accusing China.
In the second half of 2016, several United States senators were made to undermine U.S. national security.
To prevent loyal to Wang Group to acquire the United States love reed aluminum companies.
2017, the United States government to the World Trade Organization
(WT0 > Complaint Chinese government subsidies electrolytic aluminium industry.)
It,
The Alcoa industry will shortly initiate anti-dumping trade relief surveys on aluminium foil products originating in China,
Further restrictions on China's exports of aluminum products to the United States.
In addition,
We have a new understanding of,
A mass analysis agency in the United States has repeatedly issued short reports on the world's most canine electrolytic aluminium company, Shandong Wei Qiao, which is listed in Hong Kong.
To make the company face compulsory suspension,
There is even a cash flow break,
The risk of running a standstill,
Will be on the company
160,000 employees Stable,
Industrial chain upstream and downstream enterprises normal production and operation,
Bank debt Repayment,
and regional financial risks, and many other aspects of great impact O
Above
"Combination Fist"
It is bound to have heavy dog effect on aluminium industry in China. Fully on the visible,
The complexity of international trade in the bad environment
The uncertainty is increasingly prominent,
The domestic aluminium industry must fully realize the current international situation of strict and urgency. For this,
We must first enhance the overall strength of the industry,
Improve the ability to resist risk.
To implement the supply side structural modifications in your own
"Three goes down one supplement"
While focusing on tasks,
Also do to strengthen the industry self-discipline,
Regulate export order,
Strong energy saving and emission reduction
Raising awareness of environmental protection,
Strengthening the management of capital markets,
Guard against financial risks and other work.
While the industry strengthens its own construction,
Suggesting that the government should pay high attention,
and to support and guide the industry,
Companies actively guard against and respond to the United States-led Western countries to China's aluminum industry in the total 2 of the containment.
Specific recommendations are as follows: first, comprehensive research and deployment of countermeasures.
America's containment of aluminium industry in China has started,
Recommending that the relevant national authorities undertake a comprehensive study and deployment as soon as possible,
Develop a comprehensive response plan,
Including the development of anti-system plans,
Give a forceful comeback. Second, provide timely information,
Do well early warning work.
Timely informing the industry and enterprises of international trade situation and foreign industry real-time dynamic information,
In particular overseas agencies of the collection of information industry, proactive,
Early plan. Third,
Strengthen guidance, timely and coordinated solution to the problems.
Advising industry and enterprises to coordinate and guide the problems encountered in the containment work of the Western countries headed by the United States, and to improve their coping abilities,
To improve the coping effect,
Earnestly safeguard the legitimate rights and interests of Chinese enterprises. Appendix: Shandong Wei Qiao Venture Group Emergency report on the coping with short company of American institutions Shandong Wei Qiao Venture Group on the emergency report of the US machine to deal with the short incident China nonferrous Metals Industry association = recent since
Shorting forces from the United States targeting Shandong Wei Qiao Venture Group
Hereinafter referred to as "Wei Qiao Group"
Short action in Hong Kong capital markets
Especially serious
May cause enormous risks,
Now on the relevant situation ′
The emergency report is as follows: first, the serious impact of the short incident Wei Qiao Group,
Located in Binzhou City, Shandong Province,
is the world
500 Strong Enterprises,
Chinese people naoto the first three strong ′
2016 Group sales revenue reached
375 billion yuan.
Wei Qiao Group has two business plates of textiles and aluminium electricity,
These two plates are the largest in the world.
The strongest profit.
With Wei Qiao Group as the core,
In the local area
Binzhou >
Formed the textile,
Aluminum industry clusters, covering the whole industry chain,
The companies in the two clusters have
More than 2000 ′
Comprehensive annual output
More than 500 billion RMB,
Total settlement of employment near
300,000 persons
The Wei Qiao Group's own staff
160,000 people,
Upstream and downstream enterprise staff
More than 100,000 persons
, for the Local
Binzhou City
Directly contributing more than half of the gross domestic product,
To occupy more than half of the local financial institutions of the total credit scale. The short event,
The name is short,
It is the two listed companies that strangle Wei Qiao Group in Hong Kong [China Macro Bridge and Wei Qiao Textiles.]
We speculate that the direct inducement of this hostile action begins with
2015,
Wei Qiao Group completed construction and commissioning of bauxite mines in Guinea, Africa
Alcoa,
Rio Tinto soon lost its raw material pricing machine in global markets directly to its fundamental business interests. The short action began with
2016 11
Months
Twice before and after issuing short reports,
And maliciously exploit the rules of the Hong Kong stock Market and international accounting standards,
Through anonymous reports,
Providing misleading information,
Launching a malicious public opinion attack and so on,
Forcing the auditor of Wei Qiao Group ~ Ernst & Young to conduct 2016
The annual audit,
Take an extremely conservative and cautious stance.
If you continue to indulge in attacks from US shorting forces,
Wei Qiao Group's two listed companies will not be able to complete the annual report audit work in time,
Eventually caught in the SFC,
Investigation of SEHK's filed
The long-term suspension and inability to carry out the normal production and operation of the risk of financing activities. Once the shorting forces achieve the above,
will have the following serious impact: 1, the two major local industrial clusters will suffer a fatal blow,
Direct impact on China
10% of the textile market and
20% of Aluminium Market ′
The pricing power of raw materials acquired by Chinese enterprises in the international market in recent years will fall again to the US aluminium industry
Rio Tinto is the representative of the U.S.-funded enterprises. 2, two major industrial clusters directly involved
More than 200 billion of domestic bank loans
Improper coping,
A regional systemic financial risk is inevitable. 3, two major industrial clusters involved
300,000 persons
Including the Wei Qiao Group
160,000 Employees >
Direct employment
Once the risk spreads, it is bound to trigger violent social unrest. If the aim of the short action succeeds,
Will trigger the global aluminum industry market pattern Change,
Abnormal fluctuations in Hong Kong's capital markets and systemic financial risks in China,
From the industry angle analysis ′
The biggest beneficiaries are American companies such as Alcoa. Second, urge the industry association to give support 1, solicit industry associations,
On behalf of the business please,
Coordinating the relevant departments,
and the SFC,
Hong Kong SEHK establishes a smooth communication channel,
Timely delivery of correct information ′
Avoid appearing in the Wei Qiao group to cope with shorting forces while responding to the adverse situation in Hong Kong's administrative and criminal investigations. 2, implore Industry Association,
On behalf of the business please,
Coordinating the relevant departments,
The Asia-Pacific partner of the auditor, Ernst & Young, with the listed company.
Establishing an emergency dialogue and consultation mechanism, reaching an early consensus, ' practical solution,
The annual report of the listed company is issued normally. 3, implore Industry association,
On behalf of the business please '
Coordinating the relevant departments,
And as the case needs to reflect the central leadership of the event may bow | The serious impact of the hair,
Early to receive relevant work Shan first indication, in order to take risk precaution measures in time,
Good financial stability and social stability work. This event,
Matters,
Things are urgent,
Urge the industry association to give the relevant instructions promptly.