Western capital into the overall Asian art market

Western capital into the overall Asian art market article/LiHui 2009 Asian art market leading recovery, the 2010 Asian art market showing a good condition, also let the world vision noticed Asia for art collectors of purchasing power. 2011 western capital started to Asia overall into the art market. First is the action of Christie's auction company. January 27, 2010 published Christie's auction performance data show that the company back in the global art clinch a deal amount is 5 billion us dollars, up 53%, and in Hong Kong auction center of Asia to clinch a deal amount is 770 million us dollars, up 111% growth rate. In addition, Christie's global auction 20% of the transaction price (excluding the buyer commissions) from mainland China, Hong Kong and Taiwan buyers, the 16% in 2009, and in 2005, it was 7%. According to this set of data, Christie's auction company take several positive measures,New Era Hats but last year in Singapore freeport established a art outside storage facilities, and increase in global Chinese speaking staff, and in Beijing, Shanghai and Hong Kong, and a man's team set up special service the Chinese buyer, and that includes four high tube personnel, is responsible for the development of new business in Asia and customer network, meet many of China's new buyers and sellers need. In addition, Christie's official website is escalating, the hope can more convenient Chinese users. Compared with Christie's and sotheby's company is the performance slightly low-key, but obviously Asian auction results rises stimulated the style pragmatic company. According to statistics, Hong Kong's auction of sotheby's global auction total turnover of percentage points, up from 5% in 2004, sharply to 16% in 2010. Another buyer, 2005 years of Chinese buyers Hong Kong su fu auction only 5% annual turnover, 2009 Chinese buyers have created the first volume of over other regions, by 2010 its share has risen from 42% to. For further strengthen Asia customer contacts, the second half of 2010 for the first time in mainland China, Hong Kong su fu held the impressionist and modern art paintings tour exhibition, in addition to set up the "century Tibetan become" academic and educational special exhibition. In addition, begin from 2010 sotheby's auction works in Hong Kong have been gradually increase value, in April 2011, the upcoming spring auction Hong Kong more than the total value of the works of hk $2.4 billion, a record high for the calendar year. In addition, the British baolong (Bonhams) the auction house, in 2007, with the Chinese art market is booming, set up offices in Hong Kong, the business extends to the Asian area, now the purchasing power of the customers from Asia dominated the Hong Kong auction market share baolong clinch a deal of fifty percent. October 30, 2010, baolong and a great move for the first time in Beijing international restaurant held their first mainland preview. And the big auction company, compared to the western gallery into a little weak some appears. Ancient porch gallery in January in Hong Kong central bishop opened on a line between Asia's first gallery, emphasizing on the development of the Asian market, as Hong Kong xuan gallery ancient Asia director Nick? And MuNuo vick (NickSimunovic) describe a "collect art collectors in an Asian growth... I think western contemporary art market is continued expansion in Asia." Another big western gallery into the South Korea, Indonesia and other Asian region. Western contemporary artist now look also took aim at the Asian market, damien? Hurst, Jeff? The big artist's work, and began to frequent in Asia, exposition, each big auction houses and the gallery exhibition site, from Hong Kong to Singapore, Seoul and Beijing. But in January 2011 Artprice website issued in the 2009-2010 Asian contemporary art market "report also points out that the China, India and Indonesia rely on its benign growth and became the main participants in the international art market. Taiwan, South Korea, Singapore and Japan on the world map also gradually held decisive market position. They and a Chinese together of the awesome power of enough to overturn the americans set up order: in 2009, the Asian auction of contemporary art for the first time as a business leader of the United States surpassing (Asia region for 150 million dollars,NHL Jerseys and the United States for 142 million dollars). Contemporary art auction in 2009 of the world's top ten auction company, Asian company occupy the five seats. China, as the art market Asia region of the engine, the ongoing development. In the 2009-2010 period, Chinese contemporary art sales profit is the contemporary art 25.6% of revenue, followed the hegemony of never fall far after the United States. Obviously the transformation of Asia now caused center migration, Asia's art market now has become the future development of the new center art market.

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And oil prices

If not surprisingly, it will be "and oil prices" series last. The discussion is very warm, is a good thing, so everybody study. I just realized, for those who already have deep firm faith, no matter what kind of data you provide, these people also is very difficult to change the idea. For those who would like to see the data, willing to be persuaded, but want to see more of the details, my time is too limited-to collect data are there, but takes time, my time is scarce. See the comments made some good advice: don't just look at product oil prices, see the other petrochemical product price, such as plastic. It is difficult to say how these products monopoly, and rely on crude oil as raw materials,baseball hats if the prices of these goods is in with crude oil prices rise and rise, it can at least help from a side that problem. Well, I went to plastic price, it happened that I found it. That price in plastic, before the first or WenGu oil, 93, oil prices from 2009 at the beginning of the year to January 2011 low price rose about 35%. Stop in January 2011, and not 2 months, because the price of plastic I can find only 1 month, 2 months not yet. Choose in January 2009 do starting point, because: 1. China in January 2009 for the fuel tax reform, so in this before and after the gasoline prices not directly comparable; 2. This is a local low. Well, actually I didn't find plastic price, I find all sorts of strange names is the price of petrochemical products. For example PVC resin, in January 2009 to January 2011, and between the prices have risen by more than 30%. ?And ABC resin, the price is in January 2009 to January 2011 rose by 88% between. Caprolactam,NBA Jerseys prices rose by 127% in the same period. ?And PAM, prices rose 173% in the same period. ?If I make a basic common sense mistake, that is, the thing is actually may not use oil as a raw material, please correct me. Right, in the same period YuanYouJia up 120% or so.

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China's banking crisis after the age of financial innovation and think

On June 10, 2011, since the 2011 FT sponsored by the financial times Qingdao international financial peak BBS held in Qingdao, meeting with "start, transformation, high quality growth" as the theme. I was invited to BBS and participate in financial innovation link discussion. About financial innovation, I mainly expounds the following three views, just add, entitled "China's banking crisis after age financial innovation and think"! The first point, this time after the financial crisis,NFL Jerseys there was a time some analysts put the crisis blamed on excessive financial innovation, I think this is exaggerated. Financial innovation in this financial crisis most plays a important role. And cannot simply said that financial innovation excessive, from the real economy virtual economy self innovation will only have excessive problem, really around the innovation of the entity economy service, I think the problem of excessive does not exist. Also, China's overall financial innovation is insufficient. So for financial innovation problems, we should not because this crisis, not like the past so pay attention to it, to the financial innovation sense or wants to take seriously. No financial innovation is no financial development. We speak financial change life, financial can clinging to power, can XingBang, in fact also depends on financial innovation. Second, China banking speaking, it faces many challenges and opportunities, to deal with these challenges, or take a period in the future in the face of some opportunities, but also to the innovation. One is the international peer competition. In the past some Europe and the bank is in many ways ahead of us, although the financial crisis that Europe and the United States some international leading Banks is large impact, but the Chinese Banks are not a big impact, but cannot think of our bank will lead the others. In fact, in many ways, for example subdivision customers, innovation products and so on, including the channel of the innovation and so on, we still has the disparity. Once the crisis after the past, the international colleague the pressure of the competition will be more and more big. 2 it is the competition between domestic counterparts, can say more and more fierce, there is even some excessive competition, improper competition, the problem of vicious competition. It has been a major competition homogeneity of our problems, and how to jump out of the trap homogeneity, only innovation. Three is the marketization of interest rate and the corresponding series of risk need corresponding innovation to deal with. Four is the development of capital market, financial to take off the media trend, also need to innovation. Five is after this financial crisis, international financial regulatory constantly strengthened, and then follow up domestic, will also force banking financial institutions more innovation. Finally, is just the discussion of RMB internationalization and our enterprises to go out to have a series of financial innovation follow up. RMB internationalization need more financial tools and financial market supporting innovation. The above aspects, challenge or opportunities or require our banking with financial innovation to deal with. Third, the current and next time, there are several areas to be strengthened innovation. Is a breakthrough tradition, extensive business innovation. We used to bank on company business, and the company business is more extensive. In the past, we basically can't say retail business, retail business in China banking is almost 90 s just a concept. So the retail business, especially the financial management and intensification of company business, the need for innovation development. Two is to get rid of traditional simple deposit or loan product innovation. For example trade financing, factoring, for example, we now many Banks do supply chain finance, and so on, and financial leasing. Of course these international is mature products,MLB hats to us or innovation. Three is associated with high-tech channels of innovation, for example phone bank, ATM machine, the bank on the net, mobile phone bank, and so on, the innovation also promising, still need we to go further. Four is small and medium enterprise financing needs on innovation. We speak of the small and medium-sized enterprise financing in high risk, high cost and low profits, and so on, so how to control the cost through innovation, to control risk, there also bright prospects. Five revolve around the high-tech enterprises, said the new industry of around us, to serve the needs of the new industry, service of high and new technology enterprise needs, also need a lot of innovation. It's cycle is long, the governance structure also has its characteristics, how the particularity of innovation around worth exploring. Six is the innovation of the economy around green, green finance. Especially now hot carbon trading, financial innovation around carbon trading, its development is also very soon. There is a saying, pounds with coal hook, the dollar link with oil, some international monetary probably with future carbon trading on contact. This aspect is the urgent need to innovation. Seven is I said, follow up our enterprise, the money to go out and need a series of innovation, this is all we desperately need to do.

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This week the generals who rose?

Last week, the day of a week online up the gap, and the bag of Yin and Yang in form. Is the typical attack on form. Overnight peripheral market up a sound, weekend, on Sunday, the interest rates to disappear action. Market news surface insipid. "Many listed companies in national technical innovation example enterprise" and "the state council called ministries research on car encourage policy" message will attract short line funds to carry the concern of the individual stocks are related, so as to add new active market hot spot. ?On Friday, the us stock issuance. The dow Jones industrial average was up 168.43 points, or, to 12582.77 points, or 1.36%; The nasdaq composite index rose 42.51 points,New Era Hats or, to 2816.03 points, or 1.53%; Standard &poor's 500 index rose 19.01 points, or, to 1339.65, or 1.44%. (U.S. ISM manufacturing index June than expected that the U.S. economy is out of recession period, make investors feel surprise on Friday, the us stock market, the lower the high this week five even Yang. From technology graphics to see, the dow Jones industrial average index on average after 60 to short line next time the averages smoke.) ?The shares were up good environmental factors on the periphery of the A share of the disk movements have positive effect. Only from the technical index analysis, the Shanghai daily grail 62 line (2837.63) is gradually moves down, will be the major stock indexes short term rally banned the space; The average daily grail 34 line (2738.65) into a downward trend for operation, on top stock index has reaction of down. However, the average daily line 8 (2731.39) and the 13-day ma is moving up, will fall to the stock index up "a top; Stock index in a pressure, under the support will be in line with the average daily in 20 line between fluctuation concussion, construct the false head and shoulders the bottom right shoulder. Therefore, the short term band operation strategy or the original view, namely: the bulk lots stock rally point to touch on in line again after the time to rise and plate to cast high, not touched years before the fall of the line plate can adjust the ownership and low suck. Capital streamline and attention plate: Friday,MLB Jerseys the net inflow of capital large plate: coal oil, real estate, lithium batteries, CiCai concept, Shanghai local. Fund net outflows greater plate: small and medium plate, the bank, the aerospace industry. Real estate. The net inflow of large individual stocks have: Aaron shares, vanke A, holding, investment real estate, hong DR new lake, celebrities home ownership, rongsheng development. Coal oil, the net inflow of large individual stocks have: HengYuan coal power, love, energy, shares existed in the ring can, (China shenhua, xishan coal electricity, XD countries, orchid, win the point HaoHua energy, Shanghai energy and yanzhou coal. Lithium batteries, CiCai concept, the net inflow of large individual stocks have: HuaFang textile, day together, gan feng coperition coperition, * Ed ST. Shanghai local, the net inflow of large individual stocks are: love makes shares, Aaron shares, Shanghai energy, three love rich. They will become the main force of attack on market this week.?

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