Feng Yue, a fallen official in Chongqing, could have become the boss of China's coffee trade, China's coffee dream

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Feng Yue, a fallen official in Chongqing: former Party Committee Secretary of Chongqing Energy Investment Group

Yesterday afternoon (28th), the Chongqing Municipal Supervisory Commission of the Chongqing Municipal Commission for discipline Inspection released the news on its official website. According to official sources, Feng Yue, former party committee secretary and chairman of Chongqing Energy Investment Group Co., Ltd., is suspected of serious violations of discipline and law and is currently under disciplinary examination and supervision investigation by the Supervisory Commission of the Chongqing Municipal Commission for discipline Inspection.

In his public resume, Feng Yueshan began to serve as deputy secretary of the party committee and general manager of Chongqing Neng Investment Group at the end of 2012, and was promoted to chairman the following year, until he stepped down in August last year. The investigation is likely to focus on what happened during his tenure as chairman.

Feng Yue led the Chongqing Energy Investment Group for 6 years, serving as party secretary and chairman of the board of directors. Chongqing Energy Investment Group is an enterprise under Chongqing State-owned assets Supervision and Administration Commission, which is often in charge of local state-owned assets investment.

On a public occasion, Feng Yue said that through the study of the market, he found that there was great downward pressure on the global economy, the volume and prices of many commodities were falling, only the quantity and price of coffee beans had been growing steadily, and put forward the slogan "Coffee Dream in China". Surprisingly, in August 2017, it was officially announced that he would step down under the age of 60, which usually means a major change to his position. after all, it is not honorable to investigate serving officials.

In March this year, the Chongqing Municipal CPC Committee began to send an inspection team to Chongqing Energy Investment Group. Less than two months later, Feng Yue was investigated. Because Chongqing has experienced major changes, it is not known whether his downfall is directly related to his position.

Involved in the Coffee Business, Feng Yue's "Chinese Coffee Dream"

When Feng Yue was in charge of Chongqing Energy Investment Group, he shut down a number of power plants. More surprisingly, he also developed a great interest in the coffee industry, which led to the coffee business in Chongqing.

It is reported that Feng Yue transferred from SASAC to Chongqing Energy Group in 2011, and the group company has been involved in the coffee industry with Hougu Coffee since 2012; in May 2015, the group company signed a strategic cooperation agreement with Hougu Coffee Company to deepen cooperation in the coffee industry. In September, the two sides jointly initiated the establishment of Chongqing Coffee Trading Center. In 2016, Chongqing Energy Group invested 1 billion yuan to set up a coffee company, planning to "build a 10 billion-class" coffee enterprise.

Feng Yue made an important exposition on the next step of coffee industry development of the group company from five aspects: the first is to promote the construction of coffee demonstration and planting base with high standard planting and standardized management, so as to promote the healthy development of Yunnan coffee industry; the second is to promote the establishment of a protective coffee storage mechanism and set up coffee bean collection and storage sites in Yunnan producing areas. The third is to improve the deep processing capacity of coffee, to jointly create a Chongqing coffee industrial park that integrates processing, trade, scientific research and tourism experience, and the fourth is to promote the rapid development of coffee entrepot trade and build Chongqing into the most important coffee entrepot trade base in China. Fifth, promote the improvement of the coffee market system, improve the international influence of China's coffee market, and promote the healthy development of the whole industry chain such as coffee cultivation, processing, trade, warehousing and logistics, terminal consumption and so on. Strive to build Chongqing Coffee Trading Center into the most authoritative and credible electronic spot coffee trading platform in China in about 3 years.

When it comes to Chongqing trading center, people in the coffee industry must remember that three coffee trading centers, Shanghai Coffee Trading Center, Yunnan Coffee Trading Center, and Chongqing Coffee Trading Center have been suddenly set up in recent years.

Chongqing Coffee Trading Center Co., Ltd. is led by Yunnan Dehong Hongtian Industrial (Group) Co., Ltd. and Chongqing Energy Investment Group Co., Ltd., jointly funded by 9 enterprises. Preparation began in September 16, and registered in Chongqing Liangjiang New area in March 16, with a registered capital of 100 million yuan.

According to the data, the ownership structure of Chongqing Coffee Trading Center Co., Ltd. is 41% owned by Yunnan Dehong Hongtian Industrial (Group) Co., Ltd., Xiong Xiangren, that is, the chairman of Dehong Hougu Coffee Co., Ltd., and 98.89% equity of Yunnan Dehong Hongtian Industrial Co., Ltd.

Feng Yue's biggest push for the coffee industry during his reign was the establishment of the Chongqing Coffee Trading Center, in which re-investment was the second shareholder, while Yunnan Hougu Xiong Xiangren was a major shareholder through Dehongtian, and in October 2017, Dehongtian has pledged all its shares to heavy stock groups. The vision is to create a coffee industry service platform with global influence, and strive to build "three platforms and two centers". Sanpingtai is the country's largest coffee electronic trading platform, coffee (cross-border) e-commerce platform, coffee industry chain financing credit platform, and the "two centers" are the National Coffee transaction settlement Center and Coffee big data Center.

After the establishment of Chongqing Coffee Trading Center, in November of 16 years, the largest freeze-dried coffee project in China with a total investment of about 1 billion yuan was officially settled in Chongqing bonded Port area. This freeze-dried coffee project is another attempt of Chongqing Energy Group to switch to the coffee industry. Jointly built by Dehong Hougu Coffee Co., Ltd. and Chongqing Yuxing Coffee Co., Ltd., it is understood that after all freeze-dried coffee production projects have been put into production, the annual production capacity of freeze-dried instant coffee is 10000 tons, coffee concentrate 2000 tons, and roasted coffee beans 3000 tons.

I don't know if this coffee dream in Chongqing can continue.

Chongqing and Yunnan are adjacent to the important nodes of China-Europe shift sales. Whether exported or transferred to other parts of China, Chongqing has positioned itself as China's coffee trade hub, while Yunnan, as the main producing area of domestic coffee, continues the strong radiation and influence of the coffee industry. in terms of geographical location, Chongqing coffee trading center does have a better export channel than Yunnan coffee trading center. However, Feng Yue's "Coffee Dream" was broken after less than two years. Chongqing could have become the leader of China's coffee trade through transit exports, but now it has suddenly fallen. Feng Yue's downfall temporarily has no idea how big the impact on Chongqing's positioning in the coffee market will be.

Disclaimer: all the pictures in this article come from the network.