And see some financial activities face!

According to the report, in July 1989, the agricultural bank of China facing savers county branch launched "life fund" savings business, said the money can be used in high value. Mr. By county depositors was paid $2000, the bank said 20 years after due to become 90000 multivariate. However, when in 2009 Mr. Hu the money expires, the bank is too high to interest, maturity is too long, do not accord with the central bank regulation for, refused to cash. This example,discount sunglasses look be like is an extreme case. And to a certain extent, but very accurately reflects some financial institutions, some financial activities, some financial people thinking of normal. That is: when he hopes to attract capital, attract investment of the participant, he dared to with "extremely high expected rate of return" to attract many people participation; And when he can't cash, or do not wish to cash "high income", he will depend on zhang. He was the deadbeat, because he no longer use the same way across the participants, but the other way to talk more flexibility of the participants. This is like, sketch of the "big suddenly", sold last year,wholesale nfl jerseys to sell cars, this year and next year to sell a stretcher, is the same way. No wonder the supreme people's procuratorate sponsored the procuratorial daily on January 12, 2012 published the play suddenly 3 "in such a line," zhao: a few problem you ever been measured at once. Please listen to problem, a always you responsible for her but she is responsible for wrong you? Who is fan: mistresses. Song: wrong! Is a bank!"

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Gini coefficient really have announced so hard?

Results show that the cat cannot change name days to the fate of taobao decline

The past 2011 years, for jack ma led for taobao is no doubt difficult year, first, pay treasure to equity, taobao mall is, on the surface taobao.com bear the Chinese e-commerce sites explorer and innovator of the flag-bearer of inevitable mission, but essentially, the China electronic commerce in China from the economic transformation to overweight virtual entity economy process, export-oriented economy in the process of steering type to domestic demand in the economy must pay the price, but the transformation of the taobao.com had not been able to fundamentally change the destiny and taobao jack ma, the China electronic commerce the biggest change is about to begin. The electronic commerce should not take more should not participate in the operation of the enterprise to China now the existing e-commerce the biggest mistake is excessive, this includes jingdong, dangdang, only product as well as many group purchase site stand, taobao mall, the reform just to involved in among them again. From the point of view of the enterprise brand building terms, the enterprise is managed to a set sales model of electronic business affairs is short-term behavior and is by no means a kind of long-term can maintain behavior,baseball sunglasses and, on the contrary is electronic business affairs of the ultimate is the perfect enterprise electronic commerce platform. Currently include wheat bag bag, jingdong nets, bag, and so on of websites tree in the enterprise production and marketing of mistakes in the business, and especially among this bag with wheat, the dream's Sally, bag tree more evident, apply for their own brand, and then, with the way the intervention of the marketing orders from the surface for small and medium-sized enterprise engaged in because the process of export-oriented economy basic tend to big order process mold, and of the formation of a long-term enterprise actual is the nature of the workshop process, this process to a certain extent though not by the influence of the product sales, but from a long-term perspective, enterprise give up to the brand construction process,For maintenance of the market process, the construction process of the channel, so the life is very fragile, from the economic crisis that we process, we can clearly see, but small businesses from of export-oriented economy turned to domestic demand model economy, again this almost version of the export-oriented marketing mode of the copy, for now is e-commerce sites took care of the enterprise in the short term XuJie business, but ultimately they leave die is not far away, for China's import tariffs is just a matter of time, when faced with a mass entering China international mature brand, we will see mature brand bring to before and after sales process and so on a series of advanced things, this time these now also in the order of the enterprise will once again giving affected by the deadly impact, but this is the first time to impact than by the impact of the external cause more deadly, more fierce, following is association of e-commerce sites will terminate the contract, and along with the contract termination of the e-commerce sites also no longer exist softening the strong possibility. E-commerce can be a carrier, function, clear electronic business affairs will may be the trend of the future from OA began, in fact the electronic commerce real future is based on Internet remote enterprise network sales marketing storage office system, this system is the enterprise by using effective electronic commerce distribution model of the cascade form, and then through the many users are lower platform show series mall, and set up effective comprehensive three-dimensional sales system, this system to determine the price of a slaughter of is not the ego, but in the first level distribution command system of comprehensive pricing model, from this point, we can see is the enterprise through e-commerce sites of the architecture is still national e-commerce sites, and through effective logistics to reduce stock, the lower the distribution assume only window to set up, and a small amount of display of pressure, and by the three-dimensional model enterprise is at all levels are unified arrangement of inventory. Such electronic business enterprise does not damage key lies in its own interests, but also can't existence a vicious competition, the enterprise internal pricing system in enterprise's decision, he won't be outside interference, and enterprise bear the large distribution warehouse cost, lower does not need to make the most of the long-term market directly judgment, fundamentally reduces the pressure distribution department at lower levels, the most is the enterprise is not to lose him in the real economy and calculates the business show rate. Lead to clean out treasure will decline reason exactly is that once the reasons for the success of taobao low marketing, malignant competition is actually the Chinese business culture inferior, rare earth power loss from China, we can see, a Chinese is the dragon and a group of Chinese worm is the fundamental cause the Chinese economic environment to this day is not a Chinese situation of beans, but China's culture can make China the best of things become worthless, this just is the Chinese narrow, see not others become rich, see not others go more long term, infighting of Chinese culture is the most bad root part, I also can't let you is death of good, often end up the largest wallet to the others, this is in the Chinese business culture is the biggest failure of the place.mlb jerseys Just is the business culture is a see through China human ugly jack ma use, and create clean out treasure empire, this culture may continue, but won't long-term. Because in price competition process, the enterprise give up the research and development of new products and a lot of copy and infringement of intellectual property rights products filled with dragons, and at present can survive because these intellectual property owners still cannot smoothly into the mainland China, so the impact on their also not that clear, the owner of the intellectual property right and not with China as a very important main position, but when China's import tariffs by then, it all becomes a problem, the enterprise will is faced with intellectual property rights, all the questions. Today's clean out treasure to be genuine and fake fighting price, high quality and low quality in the spell price, this spell damage is the root of the enterprise itself, the Chinese private enterprise early party understand, and just is the process of the doomed to understand they will create their marketing system, their sales system, they will give the profits and the development of the enterprise more closely linked together, at the time when we will see people will gradually exit this narrow passage of marketing platform, and looking for more extensive marketing model. Paper media, TV media, more extensive search engine. China business are facing a change, after upheaval, we will find that the deeper intervention now electronic business enterprise of the final death faster. This including tao brand as the flag of st Michael bag bag, the dream ba Sally and so on e-commerce sites, the day the cat can result

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To "open house" of the mess, should "maintainability dismantle"

JiShuaShua harden PK JiShuaShua drop stop

While the an think gem skillfully by 3-4 fell, and realize the cut under 600, the results it stop at 623.64, and 619.8 sent a little cut value. In fact, nearly a period of time of the weight is always present: JiShuaShua drop stop phenomenon: 2217.5-2132.63; 2295.22-2196.12. JiShuaShua harden phenomenon: 2132.63-2295.22; 2196.12-to 60 days on line time (?) . The former skillfully by return value, narrowing and weight on the continuity of premium plummeted. The latter skillfully by extreme super sell (days, weeks, months) to launch attack on continuous. In this sometimes boom,cheap oakley sunglasses and the phenomenon of the crash, was clearly not shenzhen and some so-called leadership organization celebrities speak is in, small act of retail investors, because in, small retail investors don't have much leverage to hit dish, also do not have so much money to pull litre; More important is medium and small retail is a heap of loose aggregation, and can not so neat and tidy to realize or collective go up drop, or collective drop stop work. Obviously this short time, left far-right play, show that our market the main controlling party emotional great fluctuation, and embodies the super blundering mentality, I advise management should open physiological, psychological course as the prosecution of custom, let them endocrine in normal, let the mentality more peaceful some; To learn the American style of play, a long time high dare to stay inside. You look at the dow currently 12573.42 and crisis high 12876 after differred only 2.35%. If you don't learn old beauty super play, so more ado rock bottom, realize the weight of 3-6 drop stop and weight of 1.5 drop stop and complete (the first big box right) ultimate fell play, turn into the second big box in vivo continuous, stable realize N up the steps, rushed to 3430 is not is also very good? But anyway,nba jerseys the Shanghai A at this stage of the target should be within 60 days on A line (2338.74), the next month may hang value (2331.72). Since the find as many YangZhu, do not do such work, just let the party management master laid-off ok? Want to rise, don't keep borrowing pension market (rise to 6124 also have no pension); Wants to drop the debt problem also not to talk about, because of the close relationship between it and the United Kingdom, the United States didn't fall we so much!

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Hate corrupt officials can't be the reason for sympathy wu ying

China's stock market downturn big reveal the truth for a long time

China's stock market downturn big reveal the truth long-term debt crisis worse is China's stock market downturn in the root cause of the long-term? China to buy a huge amount of beauty in Chinese stock market long-term debt is the root cause of the downturn? Currency to trigger export-oriented of small and medium-sized enterprises in China's stock market was near collapse is the root cause of long-term downturn? This series of events can only say that directly or main reason, China's stock market downturn long-term is the root cause of this! Local debt crisis is the root. According to the national audit office statistics, by the end of 2010, the local government debt balance is 10.7 trillion yuan. According to statistics, 2010 years of the land grant fee is 2.9 trillion yuan, the year 2011 May only 20% last year, pay off the debt of the bank interest is suspended, not to mention the principal. From April this year since, yunnan, sichuan, Shanghai, Harbin, guangdong and other provinces and cities in local government bonds default phenomenon of large area reimbursement, the interest payments. In order to pay his debts, the state-owned assets supervision under the jurisdiction of the many listed companies to cash withdrawal stock market, leading to a serious shortage of stock market liquidity. The land grant fee is the main source of debts, but because the country to start this year to big down the real estate market, strictly limited loans, and also in most parts of China promulgated the limit to purchase, a series of measures against property market, the real estate market,polarized sunglasses especially this year in the second half of the extreme low volume, the land grant fee income natural also appeared down significantly. The real estate market price in have recently started to have inflexion point, prices fell signals are about to all around the country began, the land grant fee income from this will generate more shrink. Local government bonds default probability increase greatly. In 2008 the government in order to promote the economy, through the economic crisis, take the four trillion economic development plan. Unfortunately this four trillion funds inside, close to 80% of the funds are taken by public infrastructure project, however these projects are not close to a quarter of the investment return. Such as foursquare; used as spending and repair, renovation and the government building, change the bus equipment, etc, and also some cash flow into the gray zone. Imagine, these are not the project investment returns. Besides the three quarters of the engineering project, because these basic construction project is permanent construction project is some, such as the western road, high iron, need lots of follow-up funds to smooth completion, but the money has been spent before 7788, project turned into shoddy school project, was in a dilemma in pattern, will no longer spend a small fortune all these projects completed, or cancel the project, but the money before and will all be wasted. Upper department continued to find an excuse to delay the workers pays time, money does not reach the designated position, financing platform and does not provide enough follow-up funds, leading to many engineering were forced to shut down, workers went on strike, etc. Most of the local engineering projects are by local financing platform through the debt and get the capital construction. Below we analyse the local financing platform. Local financing platform, is refers to the local government to launch, through the transfer land, equity, fees, Treasury bonds and other assets, quickly packaging out a assets and cash flow all can reach the standard company financing and, when necessary, again complementary with financial subsidies as reimbursement commitment, in order to achieve the purpose of funds for each, then put money used in municipal construction, utilities and pain of the project is fat. However, local debt in just a few months, has soared to 7 trillion from 4 trillion. According to concerning an expert analysis, as high as 7 trillion or more local debt, may drag down the steps of China's economy has just recovery. Concerning the risks, place the biggest risk for financing platform, is to put the local government infrastructure and public debt of the cause of credit. This is also where the debt crisis of the terrible place. And local financing platform closely is related to the banking industry is, the banking sector is the pillar of the national development, once the problem happened here, other problems may be like dominoes effect in succession as to appear. The local debt or defaults may be far more than previous bank the scale of bad loans, considering the bad bank loans by indirect financing major Banks, China's banking the risks should not be neglected. The rate of increase of bad loans directly affect the income of the bank, and other external factors, the future of banking industry profit will be questioned. Share price is to shift to an earlier date commonly 4 to 6 months reflect the basic corporate, many friends questioned why the bank plate city win rate only six or seven times, but not delayed rise, this is the fundamental reason. (friendship connection) the central government in fact also but consciousness to place the consequences of financing platform, in this year's June 4 ministries and clean up local financing platform company debts, demand local government debt management need to establishing long-effect mechanism, get rid of the history of the soft budget before. About to the budget, here and in relation to an important proposition. China's financial income is about to break through 10 trillion, the management for these financial income for use as a detailed budget, also is the formulation explicit budget system. China's three spending so huge, huge waste of money made no sense, of this happens derived from the lack of a clear budget system. Like the United States and other developed countries have a clear budget system, so the approach can effectively avoid financial funds are large divert, also clear to see every part of the funds whether they can use to use. The United States in history have had similar in four trillion to develop the economy of the plan, but the difference is the United States of money is used to improve people's life, and quality is good but temporary relief part of the financing side facing the big company nervous, because they believe that in the future these big enterprise must be the vanguard of the economic development,discount nfl jerseys also can quote professor lang hsien-ping words, the United States government input is placed in the healthy growth of the company.The last but about a recent news. Shanghai zhejiang to push by guangdong deep place translated pilot, local financing of sunshine gradually. The move by the ministry of finance has been issuing debt place, the implied credit of the central government, local government translated by means of credit for the local government's main body completely credit, this is the place to debt problems the suitable solution. In the current macro economic background, not only to a certain extent consistent with industry "act financial, less money move" anticipation, and strengthen the market to the policy will be expected of directional loose. The local government translated by pilot, is the national financial management ideas important shift, aims to ease local finances, resolve long-troubling investors place debt problem, but after the success of the issue, whether they can use money into practice, and the investment project is the engineering or simply return image municipal engineering, all this time to observe. In short, China is faced with the history of the major challenges, place the worsening of debt crisis will be insolvent China's economic development process of restorative. Four trillion stimulus plan is similar to the great leap forward in 1958 plans, excessive yearning so-called growth Numbers lead to the consequences of will be with for years, or even more than ten years to restore the original normal development track. In 2011 and 2012 is the debt servicing peak, plus size of the impact, the stock market last look good. So, this is the Chinese stock market long-suffering root cause!

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Yells stop wuhu pass Beijing Shanghai real estate regulation landjobbers need

New social structure is growth, can blind?

Reform for 30 years, on the face of it the biggest change is people escape from poverty, people rich. But the more profound change is a new social structure of growth, its growing point generally include: a, property ownership--for the protection of property produces social behavior may constitute a new social structure of the basic growing point, such as the owner of autonomy. Second, perserve break the entrepreneurs of monopoly of main body-system transformation grassroots entrepreneurship difficult stage is inevitable, but the desire of survival and development will inevitably continue breakthrough monopoly,discount sunglasses such as small private enterprises. Three, industrial structure transformation of innovation subject--China produced from primary processing and resources of export-oriented industry as the leading economic wannabe, turned to the high technology and new technology industry as the leading innovation economy, such as overseas founded the new and high technology enterprise. Four, industry of the formation of the alliance subject-autonomous grassroots type industry association of traditional system the emergence of the official industry association challenges, such as overseas entrepreneurs association. Five, the social and public affairs in active subject-grassroots self-governing, public affairs, network asked government formed social volunteers, such as budget public push volunteers. Six, modern information technology developing formation of cultural subject-such as QQ group dance of group, the chorus group. Seven, social public welfare produced in public welfare volunteers-such as folk one fund, ALaShan foundation. New between social main body a new type of relationship of structure is the traditional planned system to modern market main body in the process of transformation will link,wholesale nfl jerseys new social structure tone of the relationship is independent, independent, equality, rule of law, democracy, dialogue, consultation, negotiation, compromise. New social structure on the traditional accelerating transformation system have an urgent requirement, China needs to face up to the deepening of the reform of the new social structure of growth, pay no attention, may?

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Let go of interest rate control usury immediately disappear

China built into "double limit" issue is worth promoting

After five months of waiting for after, China on Wednesday formally implementing explain buy into was built. As this year's first only grail blue chip, China built into the new issues, no doubt, the great attention to the market. As early as in September last year has had success in the China will build, its originally set out to issue size is 3.5 billion, financing and to achieve 20 billion yuan of the giant. In the market downturn extreme in the background of shanxi coal with China last year shares into "big MAC" of the building, and have been interpreted as a major bad. But China built into the new issues but the certificate is not so, instead, their new issues still there were flashes. Window one, low p/e ratio is released. In 2009 the ipo market since the reform, last year in Shanghai stock market listing the motherboard of shares at 12.22 times the issue was creating p/e ratio is low; If from 2007,baseball sunglasses starting with China built into the issue of 10.59 times price-earnings ratio, only three steel than five years ago of fujian steel 10.34 times and 2008 years less than 10 times p/e ratio of new material issue with a little high. Therefore, even if the Chinese built into inquiry range to cap the price of 5.40 yuan issuing new shares, its ipo p/e ratio and low level. If an issuer further reduction if issue size, the ipo p/e ratio will also reduced. Point two, "double limit" issue. Before the ipo, an issuer basically all promised not to set more than the number of issued, also is our common says "set limit to not limit" issue, and China is to take a hand in building is limited and limitation of the model. The number of issued an issuer promises no more than 1.6 billion shares, or junk-rated not more than 5 billion yuan. This means that, no matter China built into final in what price issuing new shares, it is not more than 5 billion yuan or junk-rated the scale. Even the appearance of more than 5 billion yuan of the situation, will only in issue size fuss. The number of issued from 3.5 billion shares tuned to no more than 1.6 billion shares, or junk-rated from 20 billion yuan ($) for not more than 5 billion yuan, the Chinese/built "considering the demand to raise funds and capital markets actual situation, social influence and the future development of subsequent factors" after, take "thin body" issue is certainly worth extending, especially limitation distribution, but also in the market, establish a "example" role. For this company, we should to the show respect. China into the building of the "double limit" issue, maintained the many benefit is a win-win measures. First of all, the issuer after after the adjustment financing needs met. The issuer listed issuing new shares, the most important thing is being able to blend in urgent need of money. As long as financing requirements are met, and that the public is successful, China built into obviously doing it. Secondly, to ensure the underwriter's interests. 5 billion yuan financing limit, no small number, according to the lead underwriters or junk-rated underwriting fees for the same does not poor. Although more of the financing for the underwriter can bring greater interest, but there is no doubt that in locked or junk-rated, after the interests of the underwriter, also have the safeguard. Third, the low price to maintain the issue the interests of investors. On Wednesday, the listing in Hong Kong in China build H shares closing price of hk $7.28. According to the current 1 Hong Kong dollar against 0.812 yuan calculation, the h-share price of 5.91 yuan (RMB). That is, its relative H shares, China built into A shares of prices hit discount. And according to domestic brokers give valuations,mlb jerseys China built into the new shares also belong to the obvious low price distribution. The ipo system after two rounds of the reform, the "three highs" issue is popular, the deficiency in the system of course is the major factor, but the issuer and sponsors to agencies to steal more interests of market is also not ignore the important factors. While China into the building of the "double limit" issue, apparently can eradicate from one of the superb "magic weapons." China built since dare to eat into the first "crab" and made the model for the market, and the agency can absorb them whether the essence, and the generally useful?

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Why just sessions doesn't open privilege car?

From the butterfly effect to super unicom device globalization s

The butterfly effect speak all things for a reason, place, a small change, can lead to very far away in the big change. Asset price changes are also have reasons, is in the butterfly effect. For short-term changes in the price of change that valuations, affect it butterfly is interest, wings is that the change of inciting interest. The most clever money is flying high above the earth, and wearing the Hubble telescope. Where there is the valley, these money where competing in above. Because China now or capital controls countries, that money can't come, so they chose the funds in Hong Kong depressions landing,cheap oakley sunglasses led to the value of the Chinese have no money to fill in the valley of the first 21 years of wonders. Why the domestic money not to fill in the depression? The answer in the "dark" interest. Relative to A fixed 10%-15% of the financial product is concerned, six times the PE share out bonus A shares of the Banks and the advantages of the attraction is not obvious, on the big money is concerned, depression is the high product, and the non-bank dividend stock market in the empty. By implement the linked exchange rate and the Hong Kong dollar interest rates than mainland capital more low, relatively speaking, China's big blue chip valuations nature is value the valley, this also explains why most of the Hong Kong China blue chip your domestic reasons. My investment relativity, not out from miss. The error is application of people, including no application good this a myself. The total value on the white city interest, forget the exchange rate of around the world Rogers black market logic of the generalized connotation. The black market is real money benchmark prices, and the comparison of the city is filled with the countdown benchmark should refer to the black market, rather than the same period of the national publication the reciprocal of the interest on loans. Super unicom device will come of age, unless China does not like to have their own domestic financial center, unless capital controls never relax. Blue chip value will appear more of the depression, when the black market interest rates fall. Note: the funds of all the hover over the investment,nba jerseys including resources, real estate, such as gold, the method is completely consistent, are expected return of high and low.

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MARKET ECONOMY WHY IS SO SUCCESSFUL?