Park Ji-Liang Hu

for Chinese commodities trading market, China commodity stock exchange (hereinafter referred to as

2008 ? 7 8, China Exchange, the largest shareholder, president of Guoyuan Feng, swept away by the customer margin fled to the United States Los Angeles, involving nearly 200 million yuan.

incident so far has been more than three years runescape gold, hundreds of agents, tens of thousands of victims still waiting for compensation for losses related party program, but it seems to wait indefinitely.

stock exchange, stock warrants Nanjing International Exchange, China's stock exchanges of goods, Chinese goods stock exchange.

information from the business point of view, China Exchange, established in 2001. But according to the agent said wow gold, in March 2008, China Exchange was opened in Beijing. Meanwhile, Guo Yuanfeng Stock Exchange will be canceled, and the joint trading platform for commodity spot exchange into China Exchange. The platform organization iron and steel, grain, cotton, sugar, metals, plastics, chemicals, coal, oil and other commodity spot commodity storage warehouse receipts in electronic trading.

China Exchange, then known as China's largest commodity trading stock market, its largest shareholder, president Guo Yuanfeng quite understand the way the image of engineering. China Exchange profile on the website at the time: electronic trading market. In 2008, the Chinese cross the country where more than 200 agents, each agent dealer agents, as many as the 1000, ranging from dozens of families, the number of dealers around the country more than a dozen million.

2008 in the first half, some traders found the Chinese to pay out gold became difficult, many dealers can not be a small proportion of gold or of gold. Some agents also found that when the payment becomes difficult when the rebate also delayed, so they began to worry about financial security, and Guo Yuanfeng Exchange with China began to question.

Guoyuan Feng agents were aware of the suspicion, had also called agents, the statement said China did not pay any problems. July 7, 2008, Guo Yuanfeng several dealers on behalf of your meal. He promised that from July 10 onwards focus on the golden days, then the normal release of payment.

7 9, China Exchange, agents and traders found that Chinese-made Exchange trading system in the transaction, no reason to stop plate. They then learned of an alarming thing: Guoyuan Feng-kai, his wife and daughter had actually fled abroad, and margin traders are ominous.

Subsequently, the police involved in the investigation, and was soon release the results: Guoyuan Feng-kai, his wife and daughter on July 8 (ie, your agents eat the next day) 9:00 pm take the flight from Beijing to Los Angeles leave Beijing. To go before Guoyuan Feng has two properties in Beijing and a car to sell, the company's money transfer to go. Guoyuan Feng escaped fled when the $ 0.8 million total funds involved in the case amounted to 192 million yuan.

Crime and Punishment

Guoyuan Feng escaped fled after nearly three years, the preliminary conclusion of his case side.

2011 ? 5 9, the Beijing Second Intermediate People's Court announced that China has committed to pay the crime of illegal business. The first defendant (Guoyuan Feng's brother) was sentenced to seven years, the second defendant, the third defendant (the original two Chinese deputy general manager of the Stock Exchange) was sentenced to five years, and the remaining three defendants (China Exchange employees ) sentenced to three years imprisonment each.

However, for many victims of China's Exchange, the results of this trial does not make sense to them, they still can not get to restore the loss.

According to media reports, Guoyuan Feng fled after the Chinese Exchange legacy assets, including China, the huge cross-member groups and more than 10 varieties trading platform, as well as a layer in the North Third Ring Road of Beijing office House and Zhengzhou real estate.

these assets will be how to deal with, since authorities still did not give a clear answer. Many agents, multi-dealer running the past few years, but no substantial progress.

an agent of China Exchange recently on the

However, Guo Yuanfeng not justice, the victims in China struggled to pay the claim of loss, the past few years the country's commodity trading market even wind and water. According to industry sources, there are more than 800 across the country pay the same with Chinese commodities trading market in the operation.

has been in a Who is the next China Exchange?

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