In recent years, cotton The price is even high, becoming a new hot spot of hot money in Wenzhou. capital Entering the cotton market of Xinjiang. speculate in real estate The regiment turned into a fried cotton ball.

It is understood that in the production of cotton like ASCO and surrounding counties in Xinjiang, probably more than one thousand cotton fried cotton in Wenzhou, and behind them is a huge network of capital supply and cotton demand market.

The reporter contacted Mr. Lin, who had many years of experience in buying cotton. He owned about 3 million yuan, but his relatives and friends spent more than twenty million yuan on the scale of his operation. According to him, there are still some people who want to enter the cotton market through him, so although the price of cotton is now at a record high, the heat has not been reduced.

In addition, there are still some funds coming from enterprises. Like a Chinese company with over 100 million yuan in capital production in Wenzhou, it needs many cotton as raw materials for producing socks, but since July this year, cotton supply has been very tight, so that these enterprises can only raise funds to buy cotton to guarantee production needs in the second half of the year.

It turned out that there were many Wenzhou people in the area of asok, Xinjiang, where cotton processing plants were set up. It seems that many people in Wenzhou began to enter the cotton business every year before and after October in 2004. At that time, the scale should be from 80 to 10 billion, and then it would be pushed around before and after the Spring Festival. Such a profit margin would be about 30%. Since the beginning of this year, our country has intensified the regulation and control of real estate. Many real estate funds have been retreated from the real estate market, and they need a new investment direction.

In addition, after September, it seems that the real estate market is getting warmer. Many Wenzhou real estate groups have borrowed a lot of goods, and their funds have entered the cotton market and futures market, and have made two-way profits through entering the cotton market and the futures market.