Analysis of gold and silver _ dissenting

Category: gold and silver anawrongful death attorneys floridalysis concerns today: 1344 gold spot support, pressure 1355. silver spot support 27.5 pressure 27.9. opinion: the rosapplication business card credite. But overall is still weak. Done with caHelp Desk Tracking Softwareution.

January 24, 2011 journal _ blue Lizhi

High annual report sent to equity at a Help Desk Tracking Softwareglance (2011-01-20) label: wu2198 shares sorting: data will be updated with report data, but this reference and do not have the operational significance, listed company investors refer to whichever is the latest annual report data: ----> updaapplication business card creditted Yoshimine machinery intended: from the capital reserve to all shareholders for every 10 shares converted into 8~10 shares, cash distribution schemewrongful death attorneys florida is uncertain. absolute sincerity on the copper industry announcements to be 10 units converted from 8 to 10 blue water estimated January 1, 2010, the net profit attributable to the shareholders of listed companies about 17,150. $ 750,000-19,294. $ 600,000, rose-60%. Preliminary intends to submit to the Board of Directors of the company converted into share capital plan for the distribution of profits and Provident Fund: use the company's total share capital of 147 million shares in late 2010 as the base from the capital reserve every 10 shares converted into 10~12 shares to all shareholders, cash distribution scheme is uncertain. Kang frequency expected 2010-net profit of $ 98 million-US $ 110 million, an increase of about-39%. (Controlling stockholder proposals to be submitted to the Board of Directors of the company's profit distribution plan: Provident Fund every 10 shares to all shareholders into 10 shares, negotiable cash dividends and allocation of commitments within the scope of the proposal vote on the motion. The plans for significant uncertainty. ) , Tsuen AG-Tech Announces "high to go". The company says, it is proposed to the Board of Directors proposes capital reserve converted into share capital (each 10 shares converted into 10) recommendations. huamao shares Announces 2010 annual reports, corporate revenues during the reporting period 1.955 billion yuan, up ($ 1.58 billion) 23.73% and achieve net profits of $ 360 million attributable to the shareholders of listed companies, per cent (71.0966 million) increased 406.4%; basic earnings per share of $ 0.572, per cent ($ 0.113) increased 406.4%. Announcement of the company, company's Board of Directors examined and approved the plans for 2010 annual distribution of profits and capital reserve converted into share capital plan, intended to 629 million total equity shares in late 2010 as the base, to all the shareholders in capital reserve per 10 shares converted into 2 shares, undistributed profits per 10 units get 3 units, each 10 shares in cash dividends of $ 0.34 (tax-inclusive), for a total distribution of cash dividend $ 21.3897 million, the remaining unallocated profit carried forward to the next year. Fuchun environmental Announces 2010 annual reports, corporate revenues $ 909 million during the reporting period, per cent ($ 703 million) 29.33% and achieve net profit attributable to the shareholders of listed companies of $ 138 million, per cent (91.7937 million) increased 50.67%; basic earnings per share of $ 0.7971, per cent ($ 0.5737) increased 38.94%. Announcement of the company, company's Board of Directors examined and approved the 2010-profit distribution of motion, it is proposed to 214 million total equity shares of the company in late 2010 as the base, distributed $ 5 in cash to shareholders every 10 shares of the whole (including tax), the profit appropriation of $ 107 million, after profit appropriation, undistributed profits of $ 131 million remaining on to the next year; in capital reserve per 10 shares to all shareholders simultaneously converted into 10 units. according to the annual report of essential pharmaceutical, gross revenue in its last year of $ 274 million, an increase of 5.76%, and achieved a net profit attributable to the shareholders of listed companies of 42.6394 million Yuan, an increase of 30%; to be the basis of the company's total share capital of 80 million shares to all shareholders to distribute cash dividends of $ 1 per 10 share (including tax), the capital reserve converted into share capital, every 10 shares to all shareholders into 2.5. star technology (002132) announces 2010 provident funds converted into share capital and profit distribution plan notice. Company intends to take the total share capital of 270 million shares in late 2010 as base, to all the shareholders of the company shares converted into 10 in the capital reserve per unit, without bonus, cash distribution scheme is uncertain. Disclosure of company plans on February 22, 2011-2010 annual report. Hong-real estate Announces 2010 annual reports, corporate revenues during the reporting period 3.661 billion yuan, up ($ 1.21 billion) 202.52% and achieve net profit attributable to the shareholders of listed companies $ 920 million, up ($ 364 million) increased 152.51%; basic earnings per share of $ 1.64, per cent ($ 0.65) increased 152.31%. Announcement of the company, in view of the 2010 annual profit available for distribution of shareholders of the parent company remains negative, the company intends not to cash dividends. Significant asset restructuring was completed during the reporting period, to reshape the company's image, based on the 2010 good earnings, the company from the long-term development considerations, intends to expand the scale of equity, the company intends to total equity 562 million shares as of December 31, 2010 as the base, capital reserve per 10 shares to all shareholders into 8 units. Company announcements, new business expansion, expansion of land reserves, enhance the company's strength and image, to be determined by the Court to the adaptation of the debt of the company obtained in a manner that land on the Eastern international projects, 6th floor. main financial indicators of residential photovoltaic 2010 annual three basic earnings per share ($) 0.72 weighted average net assets yield (%) 17.36 attributable to the shareholders of net assets per share (Yuan) 7.4 company 2010 annual report of the audit, audit opinion type: standard an unqualified opinion. 2010 plans for distribution of profits and capital reserve converted into share capital: for every 10 shares converted into 12 shares 2 million (including tax). Dawn shares announced increased annual pre-2010 preliminary announcement by Liaoning shuguang Automobile Group company limited finance calculations, projected 2010-attributable to the parentNet profit of the Division of owner over the same period (160,528,223.) up-45%, the specific financial data will be disclosed in company booking on March 29, 2011 2010-detailed disclosure reports. Proposal of the company's Chief Financial Officer and Secretary of the Board of Directors, Chairman of the Board approved, prepared to submit to the Board of Directors 2010-distribution of profits and provident funds converted into share capital plan: use the company's total share capital of 287,252,998 shares in late 2010 as the base, to all the shareholders in capital reserve per 10 shares converted into 10 units, not songgu, cash distribution scheme is uncertain. The plan was not submitted to the Board of Directors for discussion, there are significant uncertainties. 2010 annual distribution of profits and ultimately provident funds converted into share capital plans for 2010 audit report issued by the relevant auditing bodies, determined by the Board of Directors of the company and submitted to the general meeting of shareholders by prevail

108 polyphone �q Q new Q �� Court �s _ feels like

Category: language teaching 1, single: single (sh �� n, surname) teacher said, (ch �� n Hun leader) from the only horse, do not ride (d �� n).����2, ACK: both goods discounts (zh ��) sold, serious break (sh ��), wouldn't that be him Pack (zh ��) release. 3, drink: Wu Song Dahe (h ��): "wine! I'm drinking (h ��) 12 Bowl.����"Earn diners a drink (h ��) color.����4, you are (zh �� o noun) is absolutely, let him doing (zh �� o verbs) anxious, nor (Zhu ?) meet, hearts are always hanging (zhe).����5, fan: tubo (b �� Tibetan), family living in the Qinghai-Tibet plateau, tomatoes (f �� n lush, range) diffraction profiles for thousands of years. 6, weight: free mind (Li �� NG) she, no measurements (Li �� NG) forgiving her.����Field measurement (Li �� NG) (Li �� NG).����7, pile: he put the fact to the pile (t ��) to the idea of writing in a timely manner in a pile (d ��) on paper, never seen him there are soft (TA) of the color.����8, Yang: shop at night to open the door, shut up (y �� NG closed at night) early bad sugar Yang (y �� NG melted) to be sold, fixed.����9, load: according to historical records (z �� I), Wang Zhaojun versatile every three to five years (z �� I) Chinese and Hungarian heads of the party, she must contain (z �� I) song load (z �� I) dance.����10, sparging: Chen Tao sport lack of persistence, aeration (p ��) ten things cold is aeration on the co-operation (b �� o), he was very ashamed.����11, Ning: Although his life had not been better (n his NG) static, but Tanin (n �� NG) die unyielding, enwrongful death attorneys floridadless Ning (n his NG) people. 12, and: warm weather (Huo), Xiaohe (h ��) and at home (Hu ? verbs) clay walls, he speaks of principle, is not and has never had before (Hu ��), mud, or echoed (h �� verbs) other people, nor on the Mahjong table shouting: "I (h ��).����"13 provinces: Deputy of Hubei Province (sh �� NG) long Li daqiang province (x �� NG) understanding, not diuguan abandonment of post, anger not province (XING) personnel.����14, twist: this poem is written and twist (�� o), but he's pressing (NI ��) is not modified, so angry that I twist pen (�� o) was broken.����15, stink: the dorm reeked of smelly (ch �� u) refers to the smell, odor of unknown (XI ��) generally refers to odors.����16, degree: degree (surname d ��) teacher charity (d �� terms) has always been (du ? verb) ' satisfactorily, never to degrees (du ? verb) person.����17, coaxed his coax (h �� NG) child,Help Desk Tracking Software coax (h �� NG) Church laughed, everyone listened to coax (h �� NG).����18, death: he was wearing the son (s �� NG) service, for the funeral (s �� NG) burial fees to worry about, look down (s �� NG), nutation funeral (s �� NG).����19, bad: he never travel (ch �� I) difference (ch ��) do not have to spread (ch ��) wrong. 20, up: fish struggled desperately (zh ��), fishbone ligation (zh ��) breaking his hand, his free dressings (z ��).���� 21, buried: his own lazy, but always bury (m �� n) blame others buried (m �� I).����22, Sheng: Sheng (sh �� NG) teacher Shing (sh �� NG) invited me to her house, and helped me hold (ch �� NG) of rice.����23, rude: the man dressed bad off (Chen), rude language (c, �� NG).����24,: the courage to create (Chu �� NG) people will suffer (Chu �� NG) injuries.����25, Bethlehem: I was her brother-in-law (b ?), not her brother-in-law (b �� I).����26, roll back malaria: falciparum malaria (y �� o) child is suffering from malaria (n �� e) disease.����27 see: see (k �� n) keep door security also liked to see (k �� n) novel.����28, line: banks (h �� NG) release (x, which had NG) stocks, newspaper row (h �� NG).����29, people he elderly people (�� I) year of AI (�� I) HIV/AIDS, all day long with pity (y ��).����30,: you put (b ��) tanks (b ��) broke, and later with no (b ��) handle. 31, communication: the Hongmen Banquet was the Han dynasty (Zhu �� n) in mind rather than the Tang dynasty (ChuÁn) odd.����32, Dutch: Dutch (h ��) flowers next to the station there is a charge (h ��) real warriors.����33, rose: I say she rose (zh �� NG) wages, she rose (zh �� NG) red face head denies.����34, singular: mathematics in the singular (j ��) is the most odd (q, which had) better.����35, artillery: a dozen red gun (p �� o) barrel blast (b �� o) meat and processed (p �� o) medicines do? application business card credit36,: Please give the letter to (g �� I), headed by telling him, frontline supply (j ��) must be guaranteed.����37 and shoot: he won the Crown (Gu �� n) after a little Crown (Gu �� n) crowned Grand.����38, dry: dry (g �� n) clean clothes to dry (g �� n) dirty work, it was kind of incongruous.����39, lane: a mine drift (h �� NG) lane of the road and Beijing Siheyuan (XI �� NG) is a bit similar. 40, thin: thin (b ��) bearing oil flavor not thin (b �� o), most popular, but thinner (b ?) benefit distribution.���� 41, extension: rubbings, stone rubbings "extension" to read t ��, pioneering and pioneering "extension" to read TU ��.����42, evil: the evil (��) dog is really abominable (w ��), dashed off a bad smell, makes people evil (��).����43,: Secretary bellied (PI �� n), mobility (BI �� n).����44, host: Bob (s ��) homes that had a night (XI ��) relating to the stars (XI ��) common sense.����45, no: criticism, several small (h �� o), (h �� o) cry loudly cried.����46, Tibet: Tibet (z �� NG) of Potala Palace is a collection (c �� NG) Finance (z �� NG) treasures (z �� NG).����47, roll: rolling (zh ��) mill worker solidarity, without mutual strife (y ��).����48, card: this card hidden with drugs (k ��) car to cross the border (qi ��) was stopped.����49, transfer: conflict arises first tonal (di �� o) checking, and then transfer (TI �� o) solutions.����50, die: the two pieces of porcelain model (m ��) are very similar, as is made up of one die (m ?).����51, no: driving violations, document traffic police did not (m ��) has received, he remains as failed (m �� I).����52, residential care homes: I really care (sh ��) shall not leave the living quarters for so many years (sh ��).����53, Yin: Old Forest was great (y �� n), and that all great (y �� n) red wood furniture is admiration.����54, also: after class I (h �� I) going to the library (Hu �� n).����55, System: you've got (j ��) red scarf at school contacts (x ��) young pioneers to participate in the activity.����56, fake fake (JI ��) such as children's day school holidays (JI ��), what shall we do? 57, drop: we have a way of falling from the sky (JI �� NG) falling enemy (XI �� NG).����58, breast: breast (p ��), fruit (f ��) are not the same pronunciation.����59, m: between the two of them (JI �� n) friendship never (JI �� n) fault. 60, stone: the two stone (d �� n) stone (sh, which had) enough to fill a truck.���� 61, Jin: Stadium experience (j �� NG) enemies, but his drive (j �� n) more feet.����62, Eggplant: I don't like cigars (JI ��) smoke, but I like to eat tomatoes (qi ��).����63, planing: I plow (b �� o pushing scraping) flat wood planing (p �� o mining) peanuts.����64, ballistic: the play (d �� n) bow ammunition (t �� n) the force is strong.����65, fibrillation: to hear this news, Xiao Liu fibrillation (zh �� n) chestnut, Chen fibrillation (ch �� n) shaking.����66, grilled: he digs up (b ��) and shoes, to catch chop (p ��).����67, San: I have a collection of material (s �� n) lost, (s �� n) unable to write the text.����68, count: number two (sh ��) number (sh ��) number of children (Shu ��) is not fresh.����69, parameter name: Panax ginseng (sh �� n) seedlings grown (�� c n) poor do not align, Panax ginseng (c �� n) view.����70, Council: meeting today (Ku �� I) meter (Hu ��) on the (Hu ��) is coming to an end. 71, whomever it falls: whomever it falls for him (b ��), Kei whomever it falls (b ��) m.����72, scare: intimidation of enemies (h ��) (XI ��) without him.����73, FAT: Obesity (p �� NG) does not have to be as fit and happy (p �� n), but the lack of exercise.����74, rake: rake you PEAR (b ��) rake (b ��), I use rake (p ��) rake (p ��) grass.����75, SI: SI (c ��) waiting him to look for (s ��).����76, good: good (h �� o) Plaza Dr evil and good (h �� o) to teach practices are bad (h �� o).����77, cough: cough (HA ��!) how do you cough (k ��)? 78,? Yi �� �c h ��) (ch ��) the problem.����79, toilet paper: toilet paper (d �� n) and small toilet paper (d �� n), toilet paper (t �� n) is full of food. 80, joint: the joints (f �� NG) twist machines of cracks (f �� NG).���� 81, Orange: Orange (d �� NG), clear water, clear (ch �� NG) clearance issues.����82, sector: he's holding a fan (sh �� n) fans (sh �� n) didn't come to wind.����83,: you've got (d �� I need to) experience (d ��) experience writing (de) specific and detailed.����84, screen: he ping (b �� NG) concentrate in the display (p, which had NG) wind back.����85, a few: (j ��) coffee table (j ��) (j ��) are falling apart.����86, volume: paper (Ju �� n) volumes by the wind (Ju �� n) after falling to the ground.����87, Le? Yi and Qin Zheng �y ụ ��) teacher last name (yụ ��), music (l ��) in helping others.����88, he (Li �� o) look a long time, on the terrain has a (Li �� o) internally (Le).����89, Word: Xiao Li silent (�� k NG), Xiao Wang Word (h �� NG) sing.����90, sticky: glue non-stick (NI �� n), pages sticky (zh �� n) is not tight.����91, livestock: animals (x ��) ranch in livestock (ch ��).����92, says (ch �� NG with the "scale") name (ch �� NG), physical (ch �� n) 93.: don't get (l �� NG) Church in play (n �� NG) birds.����94. the two his brothers (Li ��) monkey tricks (Li �� NG) thrills.����95, Ruth: Xiao yang sauce (l �� u), exposure (l ��) goals.����96, heavy: the teacher is very heavy (zh �� NG) depending on this issue, please (ch ? NG) said it again.����97, rate: he never hasty (Shu �� I), efficiency (l ��) has always been very high.����98. the empty: empty (�� k NG) busy I'd get a good read, at least as far as possible (k �� NG).����99. mooring: boat adrift (b ?) in Lakes (p ��). 100. I (zh �� o) gas boom (ch �� o) forward.���� 101. the upper arm: upper arm (p �� NG) of reduced glutathione inflammation causes the human upper arm (p �� NG) swell? 102. school: Colonel (XI �� o) school (JI �� o) get (JI �� o) on the material.����103. Qiang, xiaoqiang (qi �� NG) is a stubborn (JI �� NG), things don't force (qi �� NG) for him.����104. the Cypriot (s �� I) does not block outside (s ��), plug (s �� I) Sub stopper (s �� I) unable to vulnerabilities.����105. new: free framing to engage in restoration of the feudal (b ��) can't, have developed (p ��) ballad.����106.: bottles (d �� o), water (d �� o).����107.: (d �� noun) city's population (d �� u adverb) a lot. 108. keys: spoon (ch, which had), key (Shi) are placed on the table.

ST midday news of recombinant!!!_ peas 1981

*ST black continued his speeapplication business card creditch, "a" cent daily show *ST black monster not continuous 16 cent daily source former Chairman he ping ST suspected of court *ST the official embezzlement case Black recombinant potential connected traHelp Desk Tracking Softwarensactions and then surveys at very low prices twrongful death attorneys floridao get *ST baoshuo stock when new hope three chemicals warranty ... capital large guy buying Consortium S*ST bright? vigilance ST stock of back city risk *ST was Heng: are WINS group master black chicken variable Phoenix are WINS group asset injection *ST was Heng gorgeous turned *ST Dan of is expected to 2010 profit insufficient 700,000 yuan "*ST Gao Tao" announced on shares exception fluctuations Bulletin *ST Zhang unit recombinant recently Shang will out up suspension *ST Dan of: 2010 degrees performance notice gold Lingnan, and *ST meeting pass, six company announced major matters Beijing time on January 23 message, according to abroad media reports, Apple AppSt...*ST was Heng: 40 percent sale are WINS group advantage small shareholders ST days run: 2011 first times temporary shareholders Assembly of legal submissions

--Policy research analysis of recent market from Wuxi _ yuejunhong

Lonwrongful death attorneys floridag term industrial capital expectedHelp Desk Tracking Software short-term policy repo appears, showing the industrial capital application business card creditof starting on the value of capital investments authorized repurchase and to increase its stake in showing the industrial capital began its accreditation of capital market investment value, on the other hand also shows the market downturn, many units appear wrong to kill. Repo to describe some of the listed companies underestimate the value of stocks showing strong investment value, January 18, 2011, health announcements of listed companies. Its intention to not more than $ 300 million to repurchase shares and not more than $ 12/share repurchase price is expected to buy back shares not more than 25 million shares. Corresponding index is 2,708 points. Does this mean that the market entered a very good investment value, although the index does not currently have soared conditions. Some underestimate the value of stock holdings in listed companies, such as the recent longer aviation oil transportation, Holly shares and Huaneng Power International, also recognized the value of industrial capital investment in capital markets. recalling a share buy-back effect on the market, usually quantities of buy-back plan to introduce basic time close to the bottom of the market; impact on stocks, issued of large shareholders repurchase of units at the bottom, then get out of the greater probability of. Mainly since 2005, the shares of listed companies has gone through two policy-driven repo, for the first time on June 17, 2005, the China Securities Regulatory Commission issued administrative measures of public listed companies in the implementation of the repurchase of shares (trial) after, Handan steel Announces Repurchase Plan immediately the next day. Subsequently Valin pipeline, silver-based development, shanying paper, Huadian energy, US pharmaceuticals, JIU Zhi Tang and Yutong, etc. Although the last is done in small, and many are due to effect of convertible bonds into shares is not subject to the ideals of the introduction, but this time is basically the bottom of the stock market, such as the stock market is at the bottom of the 998 point on June 6, 2005. Second in 2008 on September 21, the Commission issued the bidding buy back shares in the companies listed on the set of supplementary provisions (draft), promoting market repurchase of the company. Then telling holdings and shares in the hippocampus stock buy-back programmes launched in October and November, respectively. 1664 points is at the bottom of the stock market on October 28, 2008. macroeconomic data released last week shows negative impacts of economic regulation so far has not shown that inflation is high, policy tight expectations still exist. Four-quarter GDP up slight rebound, four-quarter GDP rose 9.8% than 3 quarter growth up to 0.2%. Inflation is 4.6, now alert has not been discharged. short tight expected short term, although there are many units of the investment value of appearing, but inflationary pressures will not be reduced. And shares break risk persists, policy Compact is expected to continue, the whole market will be in shock. On the investment strategy. For long-term and large stock of capital gradually gallon can buy a few wrong to kill, short-term investors, because the index does not have soaring conditions, so you can continue to focus on some deterministic or defensive plate: (1) remains concerned about the economy in terms of high degree of investment goods industries sector such as machinery, including military, nuclear power, and high speed rail-related sections. (2) concerns the recent water construction and railway construction sector to benefit from. (3) if the defensive class continue to depth adjustment of plates such as medicine, it is recommended that low.

Gan Yongzhi: snare annual report of bovine femoral-linhai shares a cow share? _ snowball just for you to buy and sell

Categapplication business card creditories: direct hit the road in real-time trader Help Desk Tracking Software 2011 Shanghai the first annual report of linhai stock (600,099) annual report disclosure in 2010-01-19: a net profit of $ 3.29 million, net profit increased 47.18% to achieve earnings per share of $ 0.015, for every 10 units distribute cash dividends of $ 0.4 (including tax). Be said to be a rather poor performance, earnings are significantly higher scary. But is this performance, as well as an institution "Warburg industrial strategic growth investment fund" appears in the top ten current stockholders ' (no one in the previous period top ten current stockholders ' institutional investors), holding the number for 2.51 million shares for the second-largest circulation shareholders. "Warburg industrial strategic growth investment fund" why in the fourth quarter to increase its stake in linhai stock (600,099), maybe we can from linhai shares (600,099) largest shareholder "China Fuma machinery group" find the answer. Fuma machinery Group incorporated in China machinery industry Corporation in China as its wholly-owned enterprises. China machinery industry group is the broadest coverage of China's machinery industry, and most complete business chain, research and development of the most powerful big central enterprise groups. S brought together China machinery industry machinery and equipment development and manufacturing, engineering, Contracting, and trade and service areas of the core backbone enterprises. Over 50 wholly-and majority-owned subsidiaries, 6 companies, over more than 70 international service organization, employs nearly 80,000 people in the world. Over 30% of the group for many years to maintain high growth. At the end of 2009, China's machinery industry group the main business revenue of $ 102 billion, total assets of $ 97.5 billion in 2010, China machinery industry group, estimated sales revenue of $ 120 billion, which has injected listed corporate assets accounted for only about one-fourth of the China machinery industry total assets of the group. China national machinery industry gwrongful death attorneys floridaroup of five business segments are the international engineering contracting, car trade, agricultural machinery, construction machinery, scientific research institutes. Group restructuring is injected into the different types of business assets in the plate above, each plate will correspond to at least one major listed companies. at present, China machinery industry group, a total of 6 companies, namely, international, dingsheng tiangong, axis, research in science and technology, as well as the Hong Kong-listed shares, Lin Lin shares first tractor. In August 2008, the China machinery industry group Institute of assets as a whole into axis bearing-sci & tech, followed by bearing-Sci & Tech is also out of a sharp trend, since stock prices remain high. In June 2009, the China machinery industry group of the international engineering contracting business into international, International is a long cattle unit. July 2010 China national machinery industry group trading business into auto dingsheng tiangong, then dingsheng tiangong stock price rose nearly 3 times. December 2010 Changlin shares through a private placement of shares for shareholders programme, this release is expected to raise funds not exceeding a total of $ 520 million, raised funds will be invested 1.9 Series high-performance loader and high-grade drive industrialization projects with a total investment of $ 584.5 million, raised capital intends to invest $ 340 million. 2. urban special vehicle industry base construction with a total investment of 155.32 million Yuan, raised capital intends to invest $ 100 million. 3. overseas marketing platform construction projects with a total investment of 60 million Yuan, raised capital intends to invest $ 60 million. In addition also restructuring of China's machinery industry group in China first tractor, only assets are not injected. Only linhai stock there is no any reorganization of the message. China machinery industry group has assets of agricultural machinery, engineering machinery is not injected related to listed companies, often three shares shares, Lin Lin, the first tractor group of companies has the potential to become China's machinery industry machinery, construction machinery business integration platform. Changlin shares due December 2010 the purpose of a private issue, so recently implemented restructuring less likely. Linhai stock left first tractor and agricultural machinery, construction machinery China machinery industry group business integration platform for possibility would have been great. linhai stock annual reports disclose "Warburg industrial strategic growth investment fund" 2.51 million shares and linhai Stock volatility interval in the IV quarter was $ 9.7-$ 12.95, linhai shares the current stock price is just $ 9.6, "Hua Bao industrial strategic growth investment fund" at present should cover. "Warburg industrial strategic growth investment fund" investment, "Hua Bao industrial strategic growth investment fund" ya, Bao Lin shares restructuring concept. Video: the "ideal" fried annual report "linhai stock" video: the "ideal" fried annual report (a) video: "ideal" fried annual report (ii)

Now playing is the heartbeat of _joy168clean

Rose on Wednesday last week, fell on Thursday, Friday rose today fall on Monday, weapplication business card credit all get used to it, anyway, is the shock, fall day up day. A lot of people would say that rose on Tuesday, but the market will not do so. After opening on Tuesday fell to near 2,685, one more time United States thrilling roller coaster large scare you! and then pull out around 50 analysis zhongyang rebound by the end of line, close result on Tuesday fell on Monday, Tuesday up! we all thought that also fell on Wednesday, because a lot of end of building stock is turbulence views. Psychology: not to do anything more than three times! does not fallwrongful death attorneys florida on Wednesday, continues to surge. Two day, Tuesday, Wednesday and is bound to more than 100 per cent. Of course, is a large blue-chip, force was in the Group of oil and gold, reserve forces in the before and after approaching the enemy �C Soci��t�� G��n��rale launched a general attack on Wednesday. Predicted yesterday's oil sector rose again correctly, CNOOC engineering success turning red. The stock market is actually very simple, forget the hands of the stock, as the backbone to toss their retail investors. At the bottom, and toss them to buy and toss their cut of meat, and toss them to make a little money and ran! at the top, toss them shoplifting, toss Help Desk Tracking Softwarethem down and reinforcing, toss them singing the song of Qinghai-Tibet plateau to remain at the top of the mountain!

[Reprint] smart grid stocks _sxolp

Original address: smart grid stocks author: Chief investment opportunities for investors how to hold the smart grid? first, ultra high voltage transmission links, as well as DC transmission, basically belongs to the category of smart grid, relevant listed companies including tianwei change, tebian electric, ping high electrical, xuji electric, etc.����In addition, in the field of digital substation, and relay to maintain greater advantages of electro-nanrui, South is also cause for concern. Finally, urban renovation and smart grid transmission and distribution networks of relevancy is not high, but its purpose is to optimize the power grid, also a concern. According to the national grid, China Southern power grid after the rise of investment planning, future 2-3, national grid, China Southern power grid for the reconstruction of city power grid investment amount up to $ 300 billion, $ 60 billion. 09-10, urban network improvement investment compound growth rate of 37%. listed companies including confidence control of electrical, zhiguang electric, Hyde, dongyuan electrical appliances, otter express and so on. Super stocks: Bao-Sheng shares [18.3510.01%] (600,973): artificial solar project is scheduled for procurement in China superconducting cables 1.1 billion yuan, Bao-Sheng is the most powerful competitors. Arts shares [14.411.91%] (600,770): the current Super stocks become a well deserved long headed market leader. Open Arts superconducting technology company in cooperation with Tsinghua University, HTS filter system with independent intellectual property rights have been successfully developed, has now entered a period of harvesting, at the same time, and the Korea company to form joint ventures, a new thin-film solar cell production lines, new theme very prominent sources of energy. New wave industries [5.627.25%] (600,777): majority-owned subsidiaries of Yantai xinmou cable Ltd is mainly engaged in "xinmou brand" broadband network cable and coaxial cable CATV high pHelp Desk Tracking Softwarehysical foaming products research and development, and production and management, Department of Shandong province high-tech enterprises and foreign-invested enterprise with advanced technology. Currently costs just $ 3 in his early thirties trendy stock share prices the lowest in the industry as a cable, no doubt has a huge rise in space! Vole nuclear material [19.94-2.73%] (002130): it is proposed that electric limited capital increase of $ 14.703 million to the new source, Xinyuan registered capital after capital increase to million, Vole holds a stake in its nuclear material. Notice display, a new source for Guangxi Province science and technology agency recognized by the high-tech enterprise, registered capital of RMB 8.485 million, mainly engaged in electrical, power automation equipment and office automation equipment, communication equipment, etc, with many years of electrical product management experience and HGIS electrical product manufacturing and research and development capabilities. Xinke tinano material [7.05-3.29%] (600,255): wire and cable industry as a domestic leading enterprises in its cable highlights substantive outstanding. Western material [31.290.29%] (002149): cabling concept in hot pursuit of funds. Etern shares [6.4710.03%] (600,105): the company is the largest production base of fiber optic cable, optical cable products sold in the domestic leading position in the industry. Smart grid stocks: Dongfang electronics [5.0110.11%] (000682) flow of equity 780 million, is a stock market has been on the widest circulation of ultra-low-cost cables! Dongfang [45.960.48%] (600,875) equity 170 million in circulation, a domestic research, development and manufacture of hydraulic and thermal power generation equipment base and largest hydropower equipment manufacturer. Huayi electrical [18.05-0.17%] (600,290) flows equity billion, is a professional engaged in the transmission and distribution equipment and wind power equipment manufacturing enterprises, State power NARI [36.581.11%] (600,406) flow of 170 million equity capital, power automation team. Guodian South [19.386.78%] (600,268) flows 90 million equity capital, power automation team. Galaxy technology [5.993.99%] (000806) equity 580 million in circulation, comprehensive monitoring network management software, Tsinghua hybrid control systems of transmission and distribution networks. Development of the great wall [10.918.02%] (000021) equity 360 million in circulation, and smart meters. Taihao technology [14.864.80%] (600,590) equity 230 million in circulation, electric power equipment and energy-saving tap, the company is the only integrated electrical building energy-saving equipment and supplier of intelligent building system integration technologies. Etern shares early secondary devices first to benefit from State power NARI are expected to be the greatest beneficiaries at the same time, State South, xuji electric (15.40,0.00,0.00%) is also expected to benefit from the smart grid. In addition to the secondary equipment, intelligent components are an important part of the smart grid, such listed company mainly has high electric, electrical and dongyuan electrical source, and so on. Superconducting cable and smart meters demand is increasing, in the field of smart meters, kaifa (10.91,0.00,0.00%), section VI electronics (16.40,0.00,0.00%) is expected to become beneficiaries; in the field of superconducting cables, because of high and new technology, currently only a few companies in the world capable of producing, and a-shares in listed companies, in addition to the Pro-win shares (18.35,0.00,0.00%) is actively exploring superconducting cable market, yongding shares (6.47,0.00,0.00%) is also targeting this area. Wanguo analyst grueling recommended country land source education in electronics, electrical, electro-nanrui, South, Hidenobu shares, country, the Tung Wah Group (15.90,0.00,0.00%), xuji electric and electronic Neusoft shares rawrongful death attorneys floridank napplication business card creditame latest gains 1 Oriental land e 16.409.99%3, e 5.0110.11%2 new industrial ultrasonic electronic 7.076.48%5 deren 5.627.25%4 10.196.37%H= "30" > rank name recent decrease in the Central stock in 1 10.48-3.59% 2 10.32-3.37%3 shares of desay battery 11.54-3.27%4 bgrimm magnetic materials 9.06-3.00%5 Wal 19.94-2.73% nuclear material new energy rank name latest gains 1 dongyuan electrical fuhua 6.779.90%3 12.9410.03%2 Guangdong, Jiangsu sunshine 6.497.27%4 materials science and technology in the North Sea 6.795.76%5 31.405.72% rank name latest decline 1 advanced technology shares 27.38-5.59%2 precision technology 14.67-5.11%3 firs 15.21-5.00%4 7.49-4.83%5 in Shanxi coking coal 11.13-4.22%

SHEFFIELD steel shields and then good news-Chengdu Iron Steel Shield project tool vendors _ iron law _1979

Categories: international superstar recently, SHEFFIELD steel shield further good news, steel shield tools with excellent product quality, has successfully entered the high-spwrongful death attorneys floridaeed rail projects in Chengdu, 2011, Chengdu iron project purchased products. This is the tool steel shield after entering the project of Chengdu and Shenyang Metro subway, steel shield preemption in the high-end market achieved a major breakthrough. high-speed rail is now the key construction projects in China, at the end of September 2010, China's high-speed rail operate mileage of 7,055 kilometers, miles under construction more than 10,000 km, future high-speed rail passenger transport network is expected to reach more than 50,000 kilometres, covered 90% people, connecting all provincial capitals and big cities of more than 500,000 people. Huge market potential brought manually with every opportunity, but because the Gao Tiechao high speed, security is a primary consideration of factors, performance tools for ordinary products is difficult to provide protection for the safe operation of high-speed rail. Tool oriented to professional-level tools, steel shield, so the company's sales efforts and dealer support, with excellent quality, good value for money and warm and thoughtful service in a timely manner, with the victory in the competition between brandsapplication business card credit, in one fell swoop into 2011, Chengdu iron project procurement contractors. Tool steel Shield will take the high-speed rail projects in Chengdu appointed, high quality, efficient service concept supports the project, for the safe operation of high-speed rail "escort". tool to enter Chengdu Iron Steel Shield project, once again confirms the core competitiveness of the steel shields in the tools industry has. Steel Shield will take this as a new starting point, continuous development and innovation, and further enhance their competitiveness. We believe that the tool steel Shield will open the tool sector Help Desk Tracking Softwarea new chapter in China!

Comment on January 24 first afternoon: pay close attention to market!_ the first callback sites in the afternoon on the city

Category: Intraday comments on January 24, the first afternoon comments: pay close attention to market this afternoon the callHelp Desk Tracking Softwareback! market opened in 2716.52, high point in 1.23, attack on 2,736 dropped, repeated shocks 2703--2730, lunch-closed at 2701.84 points, down 13.45, 0.5%, stocks fall to rise wrongful death attorneys floridaless. application business card credit main trends: large net outflow of capital funds 1.406 billion. Super net inflow of funds of which 204 million, large net outflow of 1.61 billion. net capital inflow of 5 major sections: engineering and construction of 160 million 120 million, communication services, railway transport 110 million, petroleum and petrochemical 90 million, beloved 51 million net capital outflow in 5 major sections: non-ferrous metals 430 million, electrical components and 360 million, banking 340 million, 330 million in real estate, chemicals 270 million wine and beverage, chemical, pharmaceutical manufacturing, non-ferrous metals, coal, electronic components, software and system a drag on stock indices. Petroleum, petrochemical, cement, steel, telecommunications equipment to support stock index. Petro-double-hung and haunted, adding water to changes in the market. technical analysis: market date line continues to shock, 30-minute line shocks, peak down. point analysis: 2,684, supported, stress, 2,730 2,758, operational advice: afternoon market shocks properly area: between 2676-2758! large interval was 2700--2730 short-term shocks, if below 2,700, this afternoon, the 2700--2676 turbulence, supporting 2,667, then stopped falling at around 2,676 rebound. 2,715, 2730 rebound pressure wasn't rose up in a day, Rome wasn't built in a day. Learn step by step jiancang. Wolverhampton W Chinese chemical concern gains cent, gezhouba rose 4.2%. suggest that you go to see first blog! to learn and make progress every day! this once plate unit selection mistakes, missed opportunities. There is no good study and analysis, and hands-on skills, it is difficult to win crafty main body! to make money! this make money efficiency in lowering, pay attention to waiting for the opportunity! no one better than the market smarter! aggressive investors can properly do some low light warehouse high suction parabolic, can take advantage of Saturday's first practice of training content, looking for stocks major preparatory action! increased as market changes position. engineering and construction, rail, ship plate, such as manufacturing, communications services can start. First railway infrastructure concept of attention until well can continue to pay attention. there are 6 trading days on the Chinese new year, the first fought side by side with you! and I wish you all a happy new year in advance! all!

[Reprint] constant �C selling in tears, still laughing about buying? 2011 quarterly seen. _ Stock Po Chu-I

Category: stock market principles of the original address: constant �C selling in tears, still laughing about buying? 2011 quarterly seen. Author: Neil power of liquidity crunch has finally appeared, overvalued consumption and new shares have been broken. Shanxi fenjiu and sound environment, Angel yeast to the highs have been adjusted by more than 25%. Nest, constant have struggled to survive, from highest 39.78 today 29.32, adjustments are also near 25%. The consensus estimate, 29.32/1.46=20,2012-year 2011 PE PE 29.32/1.96=15,PEG high 20/34.9=0.58. For a pharmaceutical companies expect steady growth (also maintains a 35% increase after two years), whether to overestimate or underestimate? is the fundamentals of business has changed, bad temper or market attack? is that sells inapplication business card credit tears, still laughing about buying? 20Help Desk Tracking Software11 quarterly sewrongful death attorneys floridaen.

Kill you or are you sleeping? _mm stock

 it was reported that the first half of 2009, flush Shun stocks software statement of recognized income of $ 56.42 million, excluding deferred zhidang $ 9.56 million recognized in the period 2008, reality recognized in the first half of the business income up to $ 46.85 million. The same period, stock taking of accounts payable of $ 27.52 million software business formation, sector under the deduction 2008 short $ 4.82 million, new delete pre collection only for the first half of 2009 No $ 22.7 million. New delete $ 46.85 million in revenue, but the taking of accounts just to add a $ 22.7 million, new delete revenues across the new delete Advance Received from Customers.����The report believes that it is a set of serious not "marriage" of the data, and generally conflict. Company produces all general operations, by companies in the industry combined with hard work, being developed by the Internet against healthy and rapid growth period. All shareholders of the company will do its utmost to the hard work of strong and weak points, check against individual eHelp Desk Tracking Softwaremployees to the company key trade secrets or other business practices.����We bid farewell to monitor access to the company concerned, but for himself or another commercial objectives for individual practitioners, on the company, reality, unsightly speculations, jump to conclusions is not holding any, the company does not release Act by means of an inventory of its powers, and all the shareholders of the company. Volume 3: stock market software is not real. Company has always been a grim criterion, in accordance with the accounting and corporate accounting policy in accordance with the accounting criteria set forth in the accounting, no advance confirms revenue deficiency by deleting or indirectly profit-free, nor does it have no income while adding substantially, pre collection is closed to "squeeze". In accordance with the General knowledge of the financial, income for the year of bankruptcy take advance book gap with spending accounts payable software does not shun stocks have no simple proportion.����Various corporate financial presentations are tip top accounting firm an unlimited company audits, audit lecture and issued without reservation by the insightful. "Suiwei sales revenue significantly by deleting and result in 2009", suited Shun notices notices suggests, is the close of the year by bad huilai customers who contribute to the endless growth of your company is not only a general business practice, as well as old practice or precedent.����Notice Bulletin also said straight flush does not confirm in advance a revenue deficiency by deleting or indirectly profit-free, nor does it have no income while adding substantially, pre collection is closed to "squeeze". Volume 1: not really. Is the close of the year by bad huilai customers who contribute to the endless growth of your company is not only a general business practice, as well as old practice or precedent.����Through the promotion, you can probably attract more investor interest and experience in the Securities Act, you can probably save for growth of wealth more user funding stream, advancing the healthy development of industries.����February 4, for "alleged financial fake" letter, gem--Zhejiang flush collection shares of listed companies company today published bulletin shifts, according to reports out, and for "individual in China", "guest unsightly speculations, jump to conclusions" acts "without unbinding the Act by means of an inventory of its powers". Volume 2: not really. Companies supply products and practices encompass software, software revenues, by deleting the value telecommunication revenues. Out of business, in accordance with the enterprise not revenue recognition accounting criterion, there is no style, specifically confirm that style is not being instructions for the use of an article sold and the company's offering 2009 detailed disclosure outside the lecture. Company is not harsh criterion, in accordance with the accounting and corporate accounting policy for income accounting, it is not appropriate revenue recognition if money were not accounted for in the taking of accounts payable.����2009 evening taking account of the company is the beginning of the year  2.37 times the number of times, 2009-the protection of revenue is 1.63 times times 2008-dry, this is not free "the taking of accounts payable taking income Stern not mating". Companies sell make money, not harsh, in accordance with the accounting criteria for accounting requirements of disposal, full foot revenue recognition provided loans accounted for in the 2009 bankruptcy income; under foot premise revenue recognition of loans accounted for in the taking of accounts payable accwrongful death attorneys floridaount, is the current year with foot flush Shun stocks when software revenue recognition premise denied income from financial and shoddy produapplication business card creditcts accounted for in the bankruptcy.

Importance of position control _ months snow bird

Today, the stock market crash. Greeapplication business card creditn also fell to my previous purchase price. From 08, begin concentrating on stock, experience a short term technical graphics stocks to invest in the value changes. In the aftermath of the stock markets rise after the rise, more deep feelings is that even as a value investor (will consider themselves to be), position oHelp Desk Tracking Softwaref control is also very important. If you are experiencing as 08 single fall in, as a small, independent and can persist in the end it? even can bear, but I still have cash for their purchases do? so I thought, a speculative atmosphere rich in the stock market in China, when the stock price fell below a value, also purchased in batches jiancang, fwrongful death attorneys floridaall Bay is heavier, and some more cash as much as possible. If overweight positions or positions, even if the price did not overestimate, also in rebound drop some positions to remain cash reserve. First thought is to reduce the purchase price as possible, reduce risks, followed by profit.

Today-free _siluhuayu18

Classificatioapplication business card creditn: fuck disc log may for disc surface of considering some lacks. I found now of practices than yiqian came simply. reaction Shang some slow. does not know is now also no full adaptation, also may is business of factors dispersed has I of energy. opening of when I has been in see starHelp Desk Tracking Softwares technology (002132), may I of expectations high has some. actually from yesterday of disc surface and the market of factors should considering to reality of vulnerable market. stars technology no rose to I of expectations. Supreme only to 3 a more points will callback has. I has been in waiting for. actually opportunities also on in blink of moments. today is good of a do short difference of opportunities waste has. but also no too more regret of. I no expectations daily to for stock. I should let themselves patience is. of has so of ideas, also based on inside of some judgment. stars technology and ST seabirds (600,634) {despite it today fell stop has}. different Yu century Swiss, (300,150), 150 feeling also has been is downlink of trends. also no fell through. trends is down of. so should stop. and stars technology just callback just. trends from Brin line see, are in in the rail of location, can check fell. tomorrow also is up of. ST seabirds do for has been performance losses of stock. originally it of concept on is recombinant. China are stock market back city of also really is not too more. so, better heart is extra of. I do not want to due to moment of rise and do short of kill fell. this I wanted to is I today of a ideas. if feeling suitable of when. wanted to do about high throwing lwrongful death attorneys floridaow suction. assessment about cost on can has. side view of the total. market decline, stars technology late harvest red while only 5 cents. but it will be a sunny tomorrow. accompanied by the trend graph:

[Reprint] "Buffett investment 36 meter" of ten: catch a thief caught King _meen

Original address: "Buffett investment 36 meter" of ten: catch a thief caught King author: Liu Jwrongful death attorneys floridaian __ Buffy "Buffett investment 36 meter" of ten: catch Thief caught 2011-01-24 Wang from: Shanghai Help Desk Tracking SoftwareSecurities News author: �� Liu Jian http://Fuapplication business card creditnd.cnstock.com/JJB/201101/1120788.htm originally: destroy it, claiming their internal transcribed spacers to alleviate it. Dragon wars in the wild, its poor. observation of the ancients said: attack to win the profits be taken. Min left, death benefits, and will be tired of, victims, and smart work. Wide meaning, when troubleshooting a problem, it is necessary to miss the crucial, grasp the main aspects of the conflict. Du Fu's poetry is to describe the most straightforward: draw a bow when a strong pull, with arrows when using long, shot people get shot, catch a thief caught King. 1, draw a bow when the pull strength: looking for superstar company with strong sustainable competitive advantage. Buffett on November 22, 1999 by Fortune magazine as the author pointed out: "for investment, the key is not to determine how big is the influence of an industry on the community, or the industry will grow, but to determine the competitive advantages of an enterprise of any choice, but, more importantly, determine the sustainability of this advantage. " Warren Buffett in 2000 compared to competitive moat on the general meeting of shareholders:" we like holding such castles: there is a wide moat, swim in the River is full of lots of sharks and crocodile, enough to resist external invaders. We believe that these enterprises is impossible leap Castle moat, and each year we have to further widening the moat of the Enterprise Manager, even if this does not increase the profit of the year. We believe that our company has a big and wide moat. " 2, when used with arrow length: seeking competitive advantage of the long-term sustainability of ten to 20 years of the company. in 1996 letter to shareholders, Warren Buffett said, "when our past investments in subsidiaries and shares, you will see major changes in our preference for those who are unlikely to companies and industries. We choose the reason is simple: affiliates and when any kind of investment in the shares of both, we are looking for we believe that in ten years from now or 20 years in fact certainly has a huge competitive enterprise. For those environments rapidly changing industry, although there may be huge success, but it excludes certainty we are looking for. " Buffett says he is eager to be" doomed "long-term competitive advantages of the enterprise:" in negotiable securities, we are looking for similar predictability sth Companies like Coca-Cola and Gillette are likely to be labelled ' doomed ' (TheInevitables) label sth Over the past 10 years, the two companies have significantly expanded their already very large market share, but all signs indicate that in the next 10 years they'll succeed. " " we focused on trying to find that under normal circumstances the next 10 years, or 15, or 20 years of business enterprises are predictable. " 3, shooting people get shot: first look at the business and management. management with business than business is fundamental. Businesses such as racing, management team rider. Horse racing can not, even the best riders in vain he craves. Buffett have a profound understanding: "excellent rider rode well with lightning speed immediately, while riding in declining old no matter how good the rider can do about it right away. Berkshire textiles business huoshicaierde Kong Han both run by able and honest managers to manage. Same managers if you manage a company with good economic prospects, will certainly achieve very good results. But they run a very poor prospects of the company, as in the sand, run, and how hard it was still difficult to half a step forward. As I have said many times, when one is known as a capable management team encounters a company that is known to deal in bad, ultimately is often available only to enterprise reputation intact. " will be implemented at that time if you have ACE, ACE riders match will certainly be invincible. Buffett's favorite company is the leading business and first-class management: "in the holdings to buy and when to buy stocks, we want to buy the target company not only to business excellence, also have extraordinary outstanding, clever Manager of competent, respected by others. " 4, catch a thief caught King: choose people who are unable to beat industry leading enterprises. Buffett discovered economic concessions (economicfranchise) is the key to continuing excess profit the enterprise: "the formation of an economic franchise, comes from a product or service with the following characteristics: (1) it is the needs of the customer or if you want to be, and (2) customers were identified as very similar alternatives cannot be found, and (3) are not subject to price control. These features exist, will translate into a company's ability to provide products and services for active to raise prices, so as to earn a higher Return on investment. " Buffett's testing economic concessions to very harsh:" economic concession to a company's true test method is: If you have an outstanding master of business administration, and that he has sufficient funds, then by him as a rival, he was able to bring to the business economic concessions what harm? " if you tried by all means do not lose, that's the real ACE enterprises, also tend to be leader in the industry, accounting for the largest market share. Must be capable of being. Buffett, 1993Annual letter to shareholders that Coca-Cola and Gillette is a model: "over the long term, Coca-Cola and Gillette to industry risk, or communications companies is much smaller than any computer company, Coca Cola 44% per cent of world beverage sales, Gillette has 60% 's razor market shares (in sales figures), in addition to the hegemony of Wrigley chewing gum company in the world, I fail to see how any company can be as long as they have members of global competitiveness. ��

Stock market learning and not--lamp in the vast _ Duan Wenlong

CatHelp Desk Tracking Softwareegory: featured reference can learn and not learn of the stock application business card creditmarket--the vast light calligraphy student preferences, copy calligraphy style of Yan Zhen Qing of the Tang dynasty, and then copy the USSR, yellow, m. Later, he wants to copy Zheng Banqiao, Banqiao calligraphy Frank, naive, full of kid stuff. Consult the book, said, is not available, not only Zheng Banqiao, Eight Eccentrics of Yangzhou in fact many famous artists, their calligraphy can only be appreciated, not learning. Zheng Banqiao's calligraphy, non-transfer of non-Chinese pistache, called "six and a half", book transfer on ' coherent, layout, typeface size, arrange the insertion is very smart and chic, non-ordinary calligraphy fans would like to learn, this is "not available". Calligraphy style of Yan Zhen Qing of the Tang dynasty handsome beauty, momentum is abundant, has wrongful death attorneys floridapersonality, characteristics, there is a positive either, without risk of momentum, always with regular front, able to fully realize the males calm and fortitude, is ideal for learning calligraphy lovers, this is the "Science". Chinese calligraphy has always had "Chinese pistache, such as sitting, walking, grass," said, therefore, calligraphy style of Yan Zhen Qing of the Tang dynasty and the Soviet Union may be able to enjoy and learn, Banqiao body may be able to enjoy not only learn to understand. when thinking about entering the stock market, have also experienced similar learning calligraphy as confusing, but unfortunately it is only in recent years to recognize in the stock market also has a lot to be learned and not learn. Past focus on GDP, CPI, interest rates, house prices, oil, trade issues, economic policy, macroeconomic issues, then knows that this is in fact a "top down" strategy, many hedge funds are taking this approach, the GMO financial management jielimi��gelansang basically fill in company annual reports on evaluation analysis of macroeconomic issues, which basically does not involve a specific evaluation of the company. Look how these fund managers are economists, not just investors, their annual report and was certainly was a real economic history, economic theories because they show profound. This makes me deeply realized that this is definitely not a person like me can do. As saisi��kalaman said, face will be very difficult. If the value of these phenomena, and ignore the enterprise level, it is likely to fall into all at sea. This is the stock market is not available. value investing is relatively easy, because only a focused investment strategy that relies on individual stocks filter, this is in fact "bottom up" strategy. This policy each on a separate investment opportunity for investors to fundamental analysis, they are most concerned about the performance of individual companies, and governance, they look for cheap stock, and according to the actual situation analysis on their fundamentals. Prediction of enterprises do not have any investors who adopt this policy. This strategy can be accurately described as "buy bargains, and wait." The crux of the problem is that you must learn how to assess the company's intrinsic value, and then you must have patience and discipline, wait until the value and price when there is a huge gap, which is the emergence of bargain buys and warehouses. Regardless of the current trend of the market as a whole or its macroeconomic point of view. Warren Buffett, John c.Neff, saisi��kalaman, and others are taking this strategy represents. In this way because they focus on the company level, so relatively simple, so this is the stock market to be learned. ����꣬���ո��˹�˾��ղķ˹������˹Ϊ���������ֵ��� Because this is a world-class mathematician, is also a great hedge fund manager. 2008 just a year, his hedge fund, which implements the 80% of the net rate of return, he is also due to its investments worth US $ 2.5 billion increase over the previous year, up to $ 8 billion, ranked 9th the Forbes billionaires list. He is also said to be 20 years since "most profitable Fund Manager", from 1989 to 2008, the average annual yield rate reached an amazing 38.5%, and Buffett are just 20%. However, Simmons never revealed his investment methods, but he proceeds on the basis of computer analysis trading strategy is almost certainly for rapid data exchange. Simmons Company consists mainly of 3 groups, namely, computer and systems specialists, researchers and members of the transactions. Simmons himself spent more than 15 years of research and development of computer modeling, a large number of filtered billions of considering individual data, choose from a choice of securities bought, sold. He also employs more than 200 people participate in, and for his service, which has a doctorate of mathematics, physics or statistics exceeds 70. When to buy or sell orders after the release, 20 traders quickly by thousands of days short-term trading opportunities to capture the fleeting, volumes and sometimes even account for the entire Nasdaq trading volume of 10%. It is clear that Simmons of this model, based on complex mathematics, statistics, find market arbitrage space by combining investments, not retail investors can understand, nor can do retail investors. This is the stock market is not available. about Warren Buffett and Berkshire's many thing are incredibly simple, such as Buffett used modern communication tools are two mobile telephone, you can, if necessary, contact the different brokers. Until later on to have a fax machine. In 1995 the company has received through the acquisitions of 11,000 new employees, but the headquarters staff has only increased from 11 to 12 people. In this year's annual report, Buffett wrote, "this small team has created a lot of wonders. 2000 years, it deals with 8 full details relating to the business acquisitions activities, implementing a wide range of monitoring, has produced a large number of tax returns (our tax return material thickness up to 4,896 pages), successfully held a number of tickets for 25,000 annual shareholders meeting and accurate service cheques 3,660 charities designated by shareholders. In addition, the team has completed a $ 40 billion business, and 30duowanming all shareholders of a company have to do in their daily work. "All investment decisions are almost only the Buffett and Chali��Mang two people to complete. They are as a business investment. Real business investment as only, you can stop thinking about the stock market's problems, and began to think about when you have these problems need to be faced by listed companies; from the original found after you bought the stock looked forward to the next 6 months will be 25% profit views change to participate in the business part of the investment, and looks forward to the next 5-10 years, maintained or 12% or even better a year compounded rate of return. This is the quintessence of Benjamin Graham investment theory. It fully consistent with the commercial significance, called in line with business sense is, able to provide the highest annual compounded rate of return on investment with individuals in the lowest risk. This way everyone knows, almost no secret at all. Easy to understand, it is easy to learn, with the characteristics of some investment required, and even retail investors can do, this is the stock market to be learned. ��ʵ���еĿ�ѧ�벻��ѧ�Ķ���������ࡣ Perhaps only know what is to be learned, and what is not, in order to enter into a new realm of investment, because it reflects the ability of the problem.

Bold stock _ stock blog

Does not update the blog Help Desk Tracking Softwarea few days, I'm sorry. January 20, it has been suggested: selected stocks are critical of the Chinese new yeapplication business card creditar red envelope size congwrongful death attorneys floridaratulate you and stock earnings nearly 10% in three days. Featured stock is very important. by the way the market, some people still worry about the market, have been saying for a clear, bold to be a unit. Date line level tops as long as you don't do a departure from the line, these days small oscillations will rise tips visible at any time.

Exploring new spaces for private economic development text record _ a basket of mind

Moderator: thank you earlier guests talk about reform, a lot when it comes to the Sun financial topic, last year during the two sessions, we have been concerned about Sun financial problems, exactly how many, how much open, I do not have an answer, I believe the Sun financial problems in the future we will continue to focus on, continue to advance. Following the Beijing Institute of Economics (blogging area), Executive Director of Mao yushi (blog). Mao yushi: we are here to talk about issues on the development of the private economy, I would like to discuss our first review the reform and opening up 30 private economy of change in China, at the start of the reform, China is still a planned economy countries, that time is not the private economy, cost is absolutely 0% the private economy, at that time to destroy capitalism in the bud, once the restoration of capitalism to millions of people landing, not capitalism but the seeds will destroy it, is what Bud is small production, capitalists make money money. A spontaneous desire to want to make money, an old lady in the countryside and chickens, eggs sold to people this is very dangerous, completely wipe the spontaneous forces, when Chinese people are employees of the Government, the Government is the only boss. General country farmers free producers, but in the case of China, farmers go to the communes, are working for the State. In this case there is no private economy, Barber's shop is a national, food is a national, all large and small shops are State-run. When this situation changes, that is, Xiaogang village 18 rural, economic freedom and they come out of commune system inside out, and responses to such a request will soon get a lot of countryside, when Deng Xiaoping's right, it turned out that a set of restrictions to peel it off, accept a spontaneous and rural market fairs, at that time for each household, of their own products. Is a chicken and egg, a pig to the market to sell, otherwise everything is a national, now have a fair chance, and the first private enterprise, freedom of the market fairs, this freedom was soon extended to the industrial and commercial aspects. At that time one of the most common free is to travel around trading on one's own, there are a lot of people selling travel around trading on one's own transport garments from the South to the North, so travel around trading on one's own industry a very hot, the train, on the shelves full of luggage, is different from now now on shelves by train there was nothing, at the time of the train is important shipments, but for this Act is not authorized, travel around trading on one's own make a lot of money, does not work how do you earn so much money, you are exploitation, so there are under the State Council, there is a law is to travel around trading on one's own is illegal. If you travel around trading on one's own long-distance transport from Guangzhou to the North, a lot of money to make money will go to prison, also allegedly shot. That's why we at the start of the reform, on the attitude of the private economy. At that time still think it's basically private economy led to capitalism, it is worth to be wary of things, up to 88 of constitutional amendment, allowing private business economy within the scope of the legal scope, 1988 Constitution allowed on the private economy exist in the Constitution, must be within the scope of legal provisions, scope of this provision is very variable, but also to any organization and individual social and economic order, destruction of national economic plan, this is a very vague, and disorderly, and destruction plans, private economy is at stake, there is no guarantee. After five years, in 1993, the revision of the Constitution once again, determine the direction of a market economy in China, we no longer engage in the planned economy, 93, amending the Constitution had a significant impact, but still didn't let go of the private economy, up to 99 Constitution recognizes private economy is an important part of the Socialist market economy, is 99, that is 11 years ago, just inside the Constitution Help Desk Tracking Softwareofficially recognized private economy is an important part of the Socialist market economy. In this four times in the process of revising the Constitution, there's a lot of private entrepreneurs, at that time still no entrepreneur, is the small property owners, self-employed, punished by the State. In this case the private economic development is very reluctantly. At the time the tax authorities, the business and management, private sector of the economy is holding a hot attitude. Private sector of the economy, 80% to hand out to make money, you have to sign up for a business is hard, registered a year would not have survived. And the tax authorities have very strict requirements for private economic cost. This unreasonable demand is maintained until recently, the private sector of the economy does not need more than a certain level of wages, this is a joke, how can enterprises pay tube got me how much, and private sector of the economy has to do, the Department must manage, tubes basically took the State economy means the private economy, the State economy tube pay some truth, because the State economy is a national asset. Pipe private sector of the economy Department with the same theory, private sector wages cannot exceed a certain limit and this limit is very low, so in fact pay more than you counted towards the costs of this part is not, finally becomes your profit. So in this case, makes private capital development is very difficult, and they had to do false accounting, you unreasonable, I have no way to deal with you, I was cooking the books, this situation becomes a game of cat and mouse. Until now, today, under article 175 of the criminal law to require individuals or units of government lending funds arbitrage is an offence to jail, what is the Government lending funds from a financial institution lend someone money changes hands, arbitrage, borrow low interest rates, lending the high interest rates, lending hedge to break the law. We know the financial industry is what we do, how to create wealth is to increase the value of money, different people have different value money, the financial industry in large-value, high value, and productive place. Money value expressed as interest on it, the financial sector work is low interest money off the high interest in the profits, but our financial industry without this ability, we save money for 2% interest, there is no ability to go where the money to interest rates, 20%. Time for someone to do this, increase the value, create wealth, but we have laws say you break, go to jail. I very much because it imprisoned people cry out about one ' s grievances, like reforming government prohibited speculation in the early days, long-haul traffic, most long distance is exportedTo the United States, from the United States imports to China, the long-haul traffic is speculation, a lot of thought, has its theoretical basis, the rationale was that only the labor theory of value creation, you turn to transfer the money to have no value, turn to transfer the goods have no value, value of domestic goods from here to there is no increase in value depends on how much labor after production, this thing has solidified in the goods, the goods in the United States, China, in the North, the South is the same, the mistake concepts have guided our minds even now. Until now we have the protection of private property, although there are a lot of progress, but different from the protection of the State-owned property is State-owned property is sacred and inviolable, only the legal protection of private property. We compare the inviolability of State-owned property, whether legal or not legal, we say State property has illegal, there may be, with strong hand from people inside get things into the public domain, and that legitimate is not legitimate, I think it is not legal, but the State-owned property is sacred and inviolable, and private property legal protection, legal protection does not protect you is illegal, lawsuit hit a first look at the source is not valid, this can be protected. Because so many rich people we felt safe enough in China property, so have taken place in recent years a large number of wealthy immigrants at the beginning of the emigration of many people to think of ways to work in developed countries, the same work to earn more wages, now can not, now is a lot of wealthy immigrants, migrants because of insufficient domestic property, he wanted to move to a place with better asset protection. Now the privatization of State-owned enterprises, with situations over the past 30 years we've gone through, there is a very big difference, why would we state property privatization, mainly because of State-owned assets after the market, most of the losses, where the money, the Government took the money, the Government cannot afford the loss of large amounts of total assets, there is no way, dissolve to sell it, into a private enterprise, but today the situation is totally different, State-owned enterprises now make a lot of money, the State-owned enterprises had more money than private enterprise, it is very much like the State-owned enterprises, unlike hate them in the past, and now they make a lot of money, profit trillions of State-owned assets. Government to them very much, reluctant to let go, but the State-owned enterprises is what good does it do for people. It can be said that there is no good, State-owned enterprises should be distributed to people to make money, through to people who turn in the Ministry of finance national public expenditure, but in fact, they turn in 5% is very low, a number of different States, high 10%, began to rise to the 15%,85% to stay inside the enterprise of the year, we are here for everyone who are State-owned enterprise bosses, however, we make money out of reach, only 15% get 85% out of the reach, then why do we have to State-owned enterprises, the Government very much, but people don't support. We could make them turn in a little more, no, because the earliest State-owned enterprises ' profit 100% handed, which is very reasonable, a hundred percent enthusiasm handed enterprises do not have to make money, so enterprises don't want to make money, after my money over to you, why do I phone, I first took, to expand the cost and turn profits. So changed that simply did not turn in, all your flowers, with enthusiasm for making money, but with enthusiasm for making money does not turn in, which will see the contradiction between State-owned enterprises. You say he can make money, he could not turn, he's your hand he will not make money. What should I do? take him no way. So Marx discovered private capital is the cause of social injustice, he wants to be very true, therefore the proletariat to capital class, but not into public ownership problems more in the future. And after the restructuring is still wrong with big, SSO also don't, not hand no, a dilemma, when several scholars speak, spoke about the State-owned enterprises accounted for a high proportion of countries, their economic growth to the benefit of the people is relatively small, different GDP growth to the benefit of private citizens, we are now very high economic growth, income growth is not so high but people. So, to this situation, we again back at the relationship between private and State-owned economy, I'm afraid we go back and look at the 30 years of changes, should also look at the situation in various countries around the world around them. In theory can also prove that public ownership is difficult to control and make better. Unless there is an isolated island in the ocean private-public, this theory can be proved, and it is in this way, internationally, there are a number of public-owned enterprises is very good. But on one condition, he must be in the private ownership of drowning a few isolated islands, for whatever reason, because of public ownership is not a reasonable price, only the ocean private ownership could produce at reasonable prices, a public ownership society, no price rivalry enterprise of high value to make money, make money or not to give people, prices low loss, low prices benefit ordinary people and low price is good, so full of public ownership society, price does not work, whether it is before the reforms of the Soviet Union, was such that price level doesn't matter, the price is the role of accounting, is not the role of resource allocation. Such a society is, of course, inefficient, but if your private Ocean they decided to have a price, and then there are a few isolated-public operation, using private environment created by the price signal, he was able to effectively operate. Now we are faced with a series of major adjustments of private economy in the middle of this adjustment should find their own opportunities. Includes several experts say China's structural adjustment, excessive reliance on investment and exports, our environmental damage, asset bubble problems with structure, structural adjustment and private economy will find opportunity, I feel that we must start with the price of structural adjustment, price decided to act as a sign, fixed prices, economic structure is there is no way to move. We are energy saving and emission reduction, energy prices is not impossible and energy saving, energy-saving forced out by administrative means forcing many faults. Energy price rises not let companies lose money and energy saving, why don't businesses can, energy prices natural energy saving enterprise, therefore, must start with the price adjustment, structural adjustment must be adjusted prices. The price includes the RMB exchange rate, including many of the taxes. Resources tax, our extensiveJI, rely on spell resources, striving for environmental, environmental costs to increase resource prices would also like to mention, raising interest rates to ease the foam of the bubble economy, in particular, to open financial markets, so that we can turn over the structure. This adjustment in the US there are many new opportunities for the private economy, GDP growth in the US, often do not take into account employment, taking into account investment-led growth of GDP,GDP is a great investment, large projects, Metro, nuclear power plants and dams. These items very little absorption of employment, a subway billions of, how many jobs, so thousands of people, only thousands of billions of people in employment, a nuclear power plant are also billions of billions, large reservoirs are also billions of nuclear power station is automated, however there are very few people, since few people have repaired a reservoir, is very limited contribution to employment, so structure is to develop the services sector, service sector investment is small, but employment is very large. China in the service industry with international comparisons, we were the worst, 10% GDP growth, employment increased, 1%. Brazil it job growth with GDP growth is the same, of course, he's less GDP growth, but he also growth of employment. So reduce the export, then reduce the investment of large projects, employment at this time, we look at the shop on the Web 20 years ago, there's a lot of shops, the past is not, is the barber shop in the past, now have a beauty salon, now has cell phone shop, was not, fitness advice, car cosmetics, car cosmetics, car, nutrition, learning English, is now a prosperous development of such services, which give us private enterprises from the employment, service sector employment, provide a great opportunity. I want us to open up the financial sector in particular, China's financial industry is really bad, it has no ability to mobilize into a high interest low interest money, so we all deposits can only enjoy 2%, private entrepreneur is in need of money, worry with joy, this is our State of the financial sector. Why are causing in this way, is the State monopoly, do people not banks, United States, 7 banks, 100% is run by ordinary people, our banks and almost all are run by the Government, people can buy his shares. Becomes a very inefficient financial sector, resulting in real estate bubble, resulting in difficulties financing for private enterprises, SME development, many employment opportunities lost. Such bad financial sector cannot be rational allocation of money to various industries, businesses, national productivity lost. We call upon regardless of how long the foreigners in China banking, Chinese people not on the Bank of China, has now opened a small opening, Grameen Bank, microfinance companies in the country, but the opening is too small. And microfinance companies, only loan does not exist, no deposits, is not strictly business, management is playing with other people's money, mobilize others create wealth you use their money like ordinary business, what is the financial sector, so we have to gradually release the people Bank, financial institution limitations, the Chinese economy a lot today talked about a lot of problems, but it is not to say that there is no solution, I think an open financial industry has a lot of problems can be solved, which is today on private enterprise, I think that the release is crucial to the financial sector, today we have substantive recommendations NetEase open economic forum annual meeting, thank you very much. Moderator: private issues in the public domain is the problem has been the development of China, to develop the financial role of the private economy is very important. Soon we'll continue, Mao yushi teacher, also with the participation of guests coming to today's Panel discussion, welcome. Zhaapplication business card creditng Weiying (blog): Welcome to our final session, Mao yushi teacher course of development of private enterprise with us has done a very good summary of the, I added an example, at the time of 83 Wenzhou 7 people were arrested, one running, because he was making money, he makes people happy to catch up. Bao Yujun: our leaders see ordinary people life easier, cover the stairs suspect arresting people. Zhang weiying: contribution to the society at that time catching up, but also is a feature of a small number of countries, not all countries. Just say I think a problem, private and we called the State and economy should be private, meaning economy itself is a private thing, run itself into a unique concept. Two years ago I wrote an article, I talked about a point of view that is veteran-owned economic enterprises it is everyone 's, is a collective, national, private economy is personal, so I think it is wrong, the people's case, is using the right individuals we owned economy, State-owned economy in exercising their rights are personal. I guess the only where, right under the private economy is dependent on a particular property, communal economy is dependent on the right, you are a department level cadres at the Department level rights, the private sector is different from the State, whether you're shichu level section, there aren't even any level, in this sense we reform and opening up a certain sense, steering and property officer positions. The twists and turns, including us here. By 88 if you want to register a private enterprise is not possible for Commerce and industry, the law does not have this, only the collective or individual operators, cannot enroll for private enterprises, the reform and opening up 30 years later, still on this issue we are still under discussion, which I think is full of regrets. Many countries do not waste time on this, but our country on this issue including economists want to waste a lot of time, generally I believe that progress is still very big. I have two sentence description of your historical records has almost 1000 gold to live with a mayor, if you have 10,000 Gold and the Duke, we have only one table can be better than a King, that is, the leftmost Guo Fan. I think the changes are significant, the most important private enterprises have difficulty growing in recent years, legal freedoms more and more, but deep objective becomes increasingly difficult to survive, yesterday we had a material, Hebei iron and steel industry consolidation. Bao Yujun: Hebei iron and steel industry consolidation the last two years, employees declined by 24%, which is that provided survey data, private enterprise number in each province to rise in employment, but the 24% drop in Hebei province in China, a large proportion. This is the integration of resources fall under the slogan has serious consequences. Zhang weiying: Do you not sell him what to do, is not willing to sell it off, but his basis, makes me think we are in State-owned enterprises of private enterprise, often encounter is not a market logic, the robbers used logic, like Mao yushi teacher talked about a lot of things it was plundered, these are visits to the US, finally, we hope we are sharing a few words, Mao yushi teacher stands about microblogging Mao yushi instructor rose nearly 40 82 minutes very hard. Bao Yujun: basic views changes development way must to reform for premise, is not several aspects do real of reform, changes development way is difficult to, on has so years, from 82 open years to now, is because system deep problem, how modified several has told has, I does not repeat has, second is must vigorously development, private economic, seriously implementing last year May State publishing a new 36 section, expanded Association investment, unfortunately to now State hair 36 section to now no what-static, new 36 section with old 36 section, new 36 section on civil capital release engage financial, allows civil capital credit into, past is does not allows, now is allows civil capital credit, towns and villages Bank release ratio, to now implementation rules also no out, other monopoly enterprise not only no in also extrusion to. I think it is a question of ideology, and the other is a vested interest in obstacle and the third is the private enterprises ' own weaknesses, and ideological obstacles, that the capital for the time from every pore of the feet have left something dirty, but we are all parts of the country in attracting investment, but the private ownership of private property information is exploited, with these things it is from the primary school. In this case the development of private enterprises, private sector of the economy are helpless, is a last resort, our private economic development today is forced out. Private enterprise 82-87, has hired more than a few people caught up in private enterprises, employees now look like is the exploitation, boss top employees is to help the two words, now called job, same thing, different perspectives to understand. Class struggle is the exploitation, production point of view is the credit for being forced out, 82-87, 5 years, the central leadership speaking workers must not exceed 7, Central leader said: take a look at say, 5 years, the last 88 years of constitutional amendment, now in private enterprises, private enterprises what, no real solution, we still are from his useful to me, who are also avoided. To resolve this issue cannot be avoided, I think that more than 30 years of reform and opening up, true emancipation, actually is the problem, people themselves to create wealth to the national wage, work for the solution of their own forms of wage employment is the masses, after private enterprises, to take away your wealth, or 16 reports cannot be resolved at a later time, the protection of private property, or unfounded, violations of legitimate rights and interests of private enterprises are not other persons, mainly the right sector rights holders. I think that people create wealth solution of their own trade unions, and second, interest groups, because monopoly, monopoly is less likely to appear at real prices later, why are our largest monopolies prices higher, he has the final say, and how much is the cost of his who can make it clear that only after entering private enterprises, formed the competitive landscape, this is a secret, so many ring does not admit, came in later life down. But no such signal is to maintain economic security, 05, private capital release 10 has been still won't be able to get out of the file, this is not reform. Third, private enterprises of their own problems, 8.18 million of private capital, the registered capital is 17 trillion, enterprises of less than 2 million per household, each enterprise strength thin, advantages are established ownership of private enterprises, but also thin, family history management is difficult to meet the coming in and how much capital, joint restructuring private enterprises in this process, breaking their own property rights closed now 8.18 million private enterprise company limited less than 20,000 households, most of them are wholly-owned enterprises, this is their weakness, several areas caused by a combination of factors, reform, government reform, business innovation, I think it's that the two words. Zhang weiying: China has a lot of strange things, obviously things we would also like to proof theory, read a story, a person buying train tickets with disabilities persons with disabilities get, he brought disabled permits, steward for him, your disability do you have a disability certificate, he said no, but his obvious disabilities, short legs, but the crew said no, he says you are not a person, he said: How do you swear you please. Human rights are not simple, we want to survive, people want to do things right, innovation right here becomes a problem, you just said article 36 cannot be implemented at an early stage when the State Department issued a document quickly and resolute manner do, but now twice under article 36 of the State Council, why did you push the old fixed this issue. Zhang w k: members see has West tour set, Yang Jian has 36 variable, 36 no, must has 72, Monkey has 72 variable, we has old 36 section, no at most is Yang Jian, engage a people funded 36 section plus up 72 section becomes monkey, we statistics has about first a 36 section supporting files over 36 a, supporting than 36 also more, but also is does not works, why West tour set has to has answers, also is jump but Buddha Palm, this is large system, you wanted to jump has impossible, but has Buddha in Monkey on inaction I does not so think, you to promote Buddha and agent, including Kwan-yin, Sang Ton liberation thought, transformation upgrade, China economists, scholars with abroad is a bit strange is not full as, many things is do these work, is not do academic demonstration, or built die work, so this I wanted to also to do, this told of first a. Second-I wish to Mao yushi teacher members on the private economy at this years pessimistic, Guo Jinmin back how I use some number reported may not as pessimistic as we imagine, our media friends are some of the story is strong stuff, or the story really exciting things, including the circumstances are bad, there are indeed such a thing. Guo Jinmin retreat, but from the perspective of large financial institutions throughout the country, is a private enterprise step by step, expand private enterprise, tells me a simple number 03 to 08 of this century this round of high-speed development period, the period of five years as we all know, Mao yushi tellsState-owned enterprise makes a lot of money, but you need to see inside the 03 to 08 of private enterprises, State-owned assets 1 time really is in each of the 16%, growth is our Commission national economic growthwrongful death attorneys florida is good, but growth in 1 time and 4 times the assets inside the five-year growth of private enterprises, private enterprises from the assets faster than the State-owned enterprises. We will all say what about profit, State-owned enterprise makes more money, more private enterprises profit, growth rate of profit in 08 03 is 1.5 times of State-owned enterprises, private enterprises is 8.7 times times, so this is a big one. Everyone said that sales of State-owned enterprises, State-owned enterprises increased 1.4 times times for five years, and private enterprises increased 5.7 times times, they are much faster than award-winning State-owned enterprises. Zhang weiying: you 03-08 data we 08 special interest data. Bao Yujun: life easier 33% 08, besides 08 decline in investments of private enterprises, not increased unabated perseverance is 49%, 09 years a little better, investment growth, 33%, 18% decline in investment, others remain still. One-third businesses carrying the financial crisis, two-thirds of the enterprise is dead, the big picture. Zhang w k: impact of financial crisis on China, quarter of 09 begins to recover. From net assets margins, 08 private is 25%, 09 26%, State enterprise has been in maintain 11% points more, 08, and 09 is far than State-owned enterprises, private enterprise itself is has is strong of tension, 02, and 03 grab up placed out also to do, is has is strong of tension, growth extended I is does not worry, worry is we on private property and human rights protection, this things may is a maximum of worries, 83 to now this things and no is large of changed, we told this country into people back, 09 country into people back if is market fair competition to some State Enterprise assumes that this State enterprise efficiency is than private enterprise through market way acquisition this also can accept no relationship, fair competition, fittest. in large environment does not excluded excellent State Enterprise engage was good, through market method recombinant mergers and acquisitions is no problem, but problem vital is not country into people back, is for private enterprise, private home property and human rights protection this is very worth concerns, members know Hunan Chenzhou discipline inspection, Secretary of shot has, even private enterprise boss are can double Board, this situation Xia we private enterprise do, we private enterprise on to to makes how can human rights get protection on looking for umbrella, last is what system is rich system, Fu Hegui combination up, your is not noble is bigwigs, members see film let bullet fly yellow's Wolf, no approach property human rights was does not to protection, was does not to protection found umbrella, so words on makes China property protection human rights protection is a public products, protection each personal, on becomes private products, I pays I on can get this private products, and this private products may will transition protection or distorted protection will image so a situation, China private development I think itself expansion, accounted for national economy ratio is decline of, but you to worry China is became Indonesia so of national. Social unrest, is now expanding State-owned enterprises, is a lot of difficulties and net assets of rate of return is lower than the previous, in order to promote fair competition in the market, in order to promote the rational preparation, our 35 State-owned enterprises, privatization of vigorously, so our generation of economists, a very important mission that is if it is to follow, let the bullets fly Jiang Wen said xiantaiye, we need to do three things, the first privatization, privatization of the second, and third is privatization, Bao Yujun: the problem is that we speak our truth, people are being detained is giving us a hat, bourgeois liberalization problem is this. Zhang weiying: private business owners, you feel in your own management of private enterprises in these two years what's important about changing economic environment. Guo Fansheng: what is the core of the economic, not financial, not the stock market, nor the real estate business. No Enterprise do was good who are buy does not up House, who are does not loan these monopoly enterprise on no market, this years private enterprise operating General, began from accept system challenge, to accept themselves of challenge, told private, we of reform and opening up early this industry as long as private on can earn, clothing, shoes, appliances, and we today face is United States of private ownership enterprise, Germany private enterprise, European private enterprise, they with we Zhijian of competition, I think this is to from a new of way considering, I special agree front several economists talked about, China to protection private enterprise of right, first a concept who is China economic of leadership forces. The past 20 years, 30 years of reform and opening up, our entire capital investment for the private enterprise social 20% not, but today we 70% GDP,90% per cent of employment in private business, 65% over taxes, State-owned enterprises ten dollars can't do things that we did a dollar. China's economic leadership for private enterprises, there is a set of data in the most typical of listed companies in Shanghai and Shenzhen 400 private enterprise and public enterprises, revenue growth, private enterprise is 17.2% State cent, net profits of private 36.1%, State-owned enterprises is a long-term negative, return on assets sent three times, poor return on net assets is also 3 times, shows hope for rejuvenation of the Chinese nation has been transferred out of State-owned enterprises to private companies, yet our society is going to give it in order to promote economic and political system. If we really understand it, why don't we also with Guo Fansheng companies adding non-public enterprises, non-public derogatory words, non-public are bad, but I think all of us entrepreneurs, we don't care about this, because we have such private enterprises in the private sector, is not in the national policy of inspired, is continuously do a good job on its own, national policies, do a good job, after the policy, we never desire a policy first, after the dry. There is also one of the biggest problems, we talked about the most original sin problem, good discussion on the original sin, I at the we the people's University lectures, a teacher asked you so good how do you explain the original sin of private enterprises, convergence time of original sin from 90 to 10, 20, nothing more than 20 I Feng Lun, we ratchet is bloody, between 20 and there is another35 million employees laid off from State-owned enterprises, and my kids go to College after soldier comrades were laid off not afford himself, but more than 35 million people survived very well, is to continue to work in companies like us, do not understand China's economic and political reforms is not defined, we the development of private enterprise, has never been under policy calling out, do have to give your policy over the next 20 years, 30 is still to this logic. We have always been the protection of private ownership, it is important to protect private ownership, but everyone thought no, India, Pakistan, the Philippines has never engaged in a public-owned them better than we do today, United States of private ownership of private enterprises and enterprises in China, Pakistan and China, we have a kind of comparison. We often say we were bullied a lot of private enterprises do not humiliate you can do? Chinese household electrical appliance enterprises do not say anything else, household appliances clothing enterprises, labour-intensive enterprises, 1 time wage increase for workers who can survive, why do people pay 10 times higher than I also live quite well, China's private economy is built today must be entered from the original state science and technology industry, for example, like Microsoft, Wal-Mart's company, Pfizer, logic of accumulation of private enterprises and we have business logic is not the same. China's next stage of reform to the system of private enterprise which, unfortunately, economic circles in addition to Zhang weiying, China today there are very few people, we discuss enterprise issues, managing assets management responsibility contract stock system has been discussed, today China's private enterprises the how to change your system down no one discussion, really become a totally private, national state you will be able to do all, well, not such a thing. Because I 20 years Qian sea, do today I from a dozen a people to 3,000 people listed company, I told these words didn't was called I, economists told on playing they, says they shouldn't says so, actually private enterprise itself face inherent challenge is very grim, manufacturing and created problem, we on has number we understands what is created did? here I do not want to told theory, China has a industry, China all private enterprise are do here strong, we to all industry will to we, Internet industry, is this years funds, technology, talent most intensive industry, China all industry playing but Americans, this industry we thoroughly defeated Americans, NetEase, SINA defeated Yahoo, Baidu defeated Google, Qian two days Francis Chan listed Amazon 300 million $ sells, Francis Chan listed 2 billion USD market Internet industry China Enterprise full beat United States enterprise, why this problem so far no people research, stems from what why this industry Chinese can than Americans strong, talked about we Internet industry, we company staff wage, option income must than Americans good. Zhang weiying: Internet industry is an important feature, is different from traditional industries, the Government there is no set foot in this industry, many government departments do not understand, Guo Fansheng: Government departments do not understand a lot of industries as well. I think that the Internet industry I last October was a lot of financiers on Wall Street, United States Colombia University, discusses why the Chinese Internet industry than the United States better. Zhang w k: whether Sina, NetEase, Sohu, dangdang, Baidu, which is not followed, you are in the local market, you're in the international market and there is no better than him. Guo Fansheng: China industry as long as than in local market do than he powerful on enough has, first in local than he strong, then again out than he strong, most important is we these company is entrepreneurs, dangdang listed we a company produces hundreds of a millionaire, Americans listed confessions produces a large number of millionaire, into China becomes professional sexual company, so Google playing but venture sexual Baidu, professional Amazon playing but dangdang, is system problem, most important is are is private ownership, private ownership with private ownership Zhijian also has difference, this problem I may told was does not, but this problem is must to research, we these Internet company national no to money, we took was is Americans money, we also no original technology, we with Microsoft, Oracle software, Cisco network hardware, they device, technology, they money defeated they by of is what, by of these private venture system. I think this most important, to to simple private, narrow family enterprise through created system becomes Pan system family enterprise this is technology most important, does not go this section Road, I to you loan, to you system shoes factory with 10,000 people expanded 20,000 people national income increased has did, pollution reduced has, you how has design brand, design brand produces company to by let wise men does not money also has shares, only so system China private to real for large, but has a section, government suppressed is do is unlikely to, do does not strong, Government to enlightened, today Government does not enlightened, says does not let you development, NetEase, Baidu development, dang Dang development, Americans in research why United States world most powerful of Internet company, in China all and we no people research, regardless of right, economics territories on this is to has sound of, no sound is does not of. , In turn, see, I in United States, and they several financial learn home discussion, they says you told I a China economic is to today can continues development, also can continues development a reason, I told has population dividend reform, market people says are important I are understands, but no engage has planned also cannot understands, population dividend than you large also no than Hello, causes is what, I suddenly thought may of reform and opening up a knife China entrepreneurs are kill has, 90 is has real significance Shang private home, this batch entrepreneurs passion is pure entrepreneurs, are is entrepreneurs, to United States has 100 ex million one-third is rich II generation, one-third is professional managers, only one-third is entrepreneurs let Ford are resurrection, Bill Gates again young 20 age, United States all enterprise leadership recognition is not rich II generation and professional managers United States economic today will how, they think this is China these years economic development most important of causes, because produces has a support pure of and pure of venture class, managers with managers mentality do company difficult only and difficult this again continued 20 years becomes China economic again active 20 years of causes, Zhang weiying welcomes first research entrepreneurs problem, regrets China now no several economists research entrepreneurs problem, are in on behalf of we talk does not research we of problem, how can talked about ideas Shang thanks. Zhang weiying: including Japan's economyDecline, some analysis one important reason is that saying that generation after the war Japan entrepreneurs have abdicated, 90 's greatest features is not responsible in the future, Samsung, why don't last more than Sony, Sony, Samsung are completely different, Samsung has 10 billion investment will be successful. I emphasize that this is what it means, next China's economy is facing some troubles, we in the 80 's, 90 's pioneering people, grow old, now to Zhejiang rich Basic II is not willing to do, and don't want to be a manufacturing, they want to do real estate, business, manufacturing industry is very small, China faces a major challenge. I wish to Mao yushi (blog) teacher rested for a while, now give you advice, in particular, have any comment on Guo Fansheng speaks. Mao yushi: Chinese entrepreneur is the most difficult situation compared with other countries, responsibilities of the most significant, very easy to grow up in this environment. Because we are a foundation of Marxism as a theory, and his argument is that entrepreneurs are exploiters, and we liberated after 49 years, 30 years of indoctrination, rich people are evil, are exploiters, the idea had until now did not deny that, so entrepreneurs were you misunderstood some exploitation of people, is something people, this extreme error. We want to think about it, so much wealth was created after the reform, reform of previously poor, our labor what has changed, now labor may be a bit less than in the past, we to do six days a week, for five days, that time is not afraid, tired and go to the countryside is not afraid to sacrifice, then the labour nor wealth, we now easier labor creates a lot of wealth, where the difference. There is now the party's leadership is the same, intellectual contributions, too, the difference is that we do not have entrepreneurs, entrepreneurs have now, why entrepreneurs so important, because he was able to combine various elements of technical resources, capital, labor, combines marketing, manufacture products to meet market needs at the lowest cost. This role is not the workers and peasants, not intellectuals, nor from government officials and entrepreneurs, entrepreneurs can effectively mobilize community resources, and the ability to be someone else can't do. Labour to work effectively, and do not take a lot of work, and therefore must be implemented under the Organization of labor, capital of technology is the same, well it's not a fortune, the key to wealth is its combination of good, this is the contribution of entrepreneurs. But now this knowledge is insufficient, a country's economic strength is not to see how much work you did, but what do you entrepreneurs. Guo Fansheng I heard about the importance of entrepreneurs, it's true, so we have to make to sustainable economic development in China, it must be to entrepreneurs to be kind to entrepreneurs, treat entrepreneurs first you want to protect their lives, property. Human rights in China are not equal, and only a high level of protection for people, not only protection but also to violations of the rights of others, the privilege can be ridden straight into, you can violate the rights of others, our social entrepreneurs are not protected, so they want to be a member to strive for when Congress, join, why this thing is not to do business with, but entrepreneurs to find when the CPPCC, why protect a little better. In fact that protection was also unreliable, says off off, these relationships are the protection of human rights, involving the entire China's economic development in the future, we will deal with the protection, the protection of property, equality, there is no privilege, must be a legal society, leaders speak not a word count, and now wants to fight a leadership of an enterprise is easy, leaders arrested two days, your business will be ruined, such a failure to protect the status, China's future is a worry, today opened the care a little more hope that in this regard. Care entrepreneur's human rights, human rights are not affected by the infringement of the privileges, not just the entrepreneurs, workers, they are either affected by violations of the rights and interests of farmers, thank you very much. To recognize the importance of human rights, no human rights social economy is not up, was no development of our economies can now have a certain amount of the State of human rights on human rights, status of human rights has improved greatly, with Mao's time than, at that time the Government to kill a person is easy, our State of human rights has a lot of improvements. But has the right to life stronger than in the past, and received, a thousand times, but the property was not too guarantee, so to speak out holding high the banner of human rights. Question: I am particularly concerned about the innovation capacity of the Chinese enterprises, Guo teacher particularly excited that the Internet industry, I think you and teacher evaluation of Chinese Enterprise Innovation now how do you see, and would like the United States Japan enterprises through innovation to lead the industry, leading the development of an era, the future Chinese enterprises innovative way in which it is not possible to say no is pirated, really are driving the development of national or global economy. Zhang w k: first innovations was a typical long term behavior, an environment which discourages enterprise long-term behavior of a country, then it is not conducive to innovation. Our nation's institutional environment, to improve, but a lot of long-term behaviour is not very encouraging, State-owned enterprises have the tenure system, we are now tilled land make the next harvest, private economy into a poor human rights protection of property rights is not willing to do it, intellectual property protection not protected is not willing to do. The second is a typical risk behaviors, input must be output. Like systems there is a relationship, may also cultural relations, there is the financial system and capital markets have a great relationship. Third a is innovation is a typical created effect, is not copies others, this things may and education system, research system has is large of relationship, talent has many is backlog in State Research homes by inside, or to awards for guide is does not conducive to innovation, but we also see we past years, five years, ten years, to now China from national to enterprise on innovation Geoscience is very attention, regardless of is oral also is implementation are is has is large of improved, and national in inputs, Enterprise inputs are greatly enhanced, we in United States, abroad innovation is a burning money behavior, members are know United States friends many large, actually rotten tablets many, many repeat labor, Harvard University has many inputs, no benefit but has been do, is a is burning money of behavior, we now inputs are in increased, I see we past years regardless ofAre State-owned enterprises or private enterprises, especially private enterprises do have greatly improved innovation capacity, I still have more confidence. Guo Fansheng: innovation core is not Government is enterprise, Enterprise Innovation now of innovation, gradually from Edison invention becomes team innovation, long-term accumulation sexual of knowledge innovation, this innovation on needs has innovation system, FAI Swiss company has thousands of name scientists, research a drug do has nearly ten years, this drug is United States drug prison Council approved listed they all of these people most in accordance with the company option system arrangements are became has millionaire, this is venture system, you does not too agree we innovation, look at Baidu software, China search must than United States good, Internet than they do was good, China NetEase and SINA we now portal website of resistance pressure degree than United States company technology good morning 10 times times, so Enterprise innovation system, stems from a let knowledge has people can fast to knowledge changes for wealth of process, this process is not by boss facilities to by system is venture capital system, Ding Lei, Li, Francis Chan rich has, we original no money took of is wind cast no wind cast system on impossible innovation. Bao Yujun: there is also a government standards, I know, a lot of new products, and feel good, government sector standard setting is left behind, can put into the market, has a right to government departments, standards Department is falling behind serious constraints on business innovation. Zhang weiying: a lot of standards is the formation of the market, a lot of industry is an industry standard for natural, if sometimes artificially make our Government standards may not be conducive to innovation, I understand that innovation is very wide. In the early development of Chinese enterprises, I think that imitation is the most important, because you own very big difference between technologies and others, to today's times might not be the same, when our technology to the forefront when no does not have its own innovation, now the Internet, we have to build yourself one completely different from the other standards of the Internet is a fool, for example, we can e-commerce competitive, this is not quite the same, including the Chinese Web site features, I remember our DVD, more for competitive because we pirate, all special error correction ability is strong, so Japan DVD sold on the Chinese do not have our good. Question: under the current situation in China, China's economic development so fast, is good coordination environment of China, how much is this explanation, I was doing the work of lawyers. We this by do large activist work, I themselves representative shareholders, representative Jimin with listed company do many struggle company, we lawyers also for human rights do many work,, for example reporter is grab of when, we station out authoritarian, officials is grab we station out for he activist, we in this process among, we of experience China currently told entrepreneurs environment in deterioration, entrepreneurs environment including two a level, first is economic level, second is legal level, China economic level environment does good also can, but China entrepreneurs legal environment is difference also in deterioration, deterioration flag is what, we think China current in protection human rights legislative Shang also can, but in judicial Shang is difference, judicial how difference, public power is everywhere does not into, public power on private right against cannot get effective of sanctions. In I agent large case of when, I for entrepreneurs really of pinch to cold sweat, in do many enterprise behavior of when, they in tightrope rope, they faces China legal environment so bad, they in with public power with yellow died Wolf playing playing with fire game, very risk, many entrepreneurs in was world smug, out know, politicians words most does not trusted, key moments must is a victims, as entrepreneurs to concern good of environment, we needs concern human rights, concern human rights, concern property, just Guo Zong says many people says entrepreneurs has original crime, does many people so references, we solution State-owned enterprises 35 million Danang we original crime paid off has, you says paid off, this is public power breakthrough please you protection good themselves. Guo Fansheng: I special agree you of is, but China is first has human rights, also is first has has reform, is first has private enterprises development, I from Enterprise angle I is deep this road, first has private is private protection system, has private is good development only will was human rights protection, so has has 8 million private we now appeal is not has has that you of enterprise bad, corruption, India everywhere are is, we says they of problem everywhere can says out, he has which with we as, corruption problem is not total system unique, private ownership also has corruption, if says corruption we on cannot development has, we private development is because corruption and I cannot development, I does not so think, also corruption environment why has do was good, bad of, I as entrepreneurs so told members may understands I, I as economists I can't so told, academic is so, you says individual examples has, I asked you why has Taiwan and Hong Kong, Hong Kong, entrepreneurs willing to to China to, I answer can't thanks. Zhang weiying: entrepreneur talking generally softer, you rather intense, the next question. Question: good teachers, I am personally concerned about the difficult problem of financing for private enterprises, my questions with regard to financing for private enterprises, what are the biggest problems we encountered, and is financed in the course of our own does have some issues in need of improvement. Guo Fansheng: we never loan, I knew you better loan sooner or later have been stuck by him. The future is to loan until the banking system reform in a good, not to give me money, I'm cheaper than financing financing when refinancing. Bao Yujun: SME financing is an eternal question that China is a system problem, unified financial system on diversified business enterprise, the basic contradiction in this place, no bank for private enterprises in China, listed banks are not intended for private enterprises were State-owned enterprises, local governments, is impossible to expect him to give you credit, about 10 trillion in new loans last year, Hu Jintao, General Secretary in 17 major report very clearly, speeding up the financial system, form a diversified forms and multi-level, agency reasonable operating safety of the financial system. Monetary financing must be approved, now more than more than 2000 public companies private enterprises account for about one-third, the best approach is to develop grassroots Bank, village banks now rules fail to come out, so now the issue came out, loan sharking a lot, many investment and financing company loan sharks, private enterprises themselves enough credit, under such circumstances the private, restructuring, private enterprise is not necessarily from the banksLoan, we can assets between private enterprise, through the solution, not a road, a variety of channels. Zhang weiying: financing problems are common problems financing difficulty of any State, the other problem is unique to China, we call this concept of illegal funds, this concept is not illegal fund-raising in foreign countries, fraud, and so on. Go any further we have an extracorporeal circulation, all banks are in the loop, this concept seems to be gone now, might have allowed the in vitro, the concept of illegal fund-raising is serious, Sun Dawu because this was sentenced to four years, has also a similar case in Anhui province recently, these similar case does not mean that pay people deceived, rather than to offend Government officials would get you in trouble, said illegal fund-raising concepts when can I cancel out what is what, fraud, fraud, and so on, I think, on the financing environment is a major improvement. The last question. Question: there are two problems, the first question to ask Teacher Zhang Weiying, you talked about in his speech this morning on economic transition issues, put forward a number of years, we have 35 to accelerate economic restructuring, I would like to invite you to analyse when can we this transition to full, 45 will be made the transition, what was the full, the second would like to invite teachers to 35 private economic planning planning have any suggestions. Zhang weiying welcomes: including reform we annual are in references, but you says of mean past made many things no is large of changes, I think no is large of changes, has a is important of causes, is actually we national leading investment leading development sometimes hinder has transformation, like we originally Qian two years economic probability adjustment has, results Government see financial crisis to has, large invoice child placed credit, decline to hate, release to fast, this when no people thought transformation, also has a causes we state enterprise words, we many resources sexual enterprise, to he transformation also does not too easy, so we also has many other of system, I in other local told has, entire national told State Enterprise accounted for proportion so of large words, is difficult to becomes people income, constantly by investment, State Enterprise make money so more State enterprise is not people income, are is becomes Foundation investment. And I think one aspect we are innovative, creative is one of long-term investments, do it today, not next year, the year after a five-year look at the results of this year, ten years from now if you are unsure about the future, long-term concerns over the future no one wants to do things, so many companies in China is something short of enthusiasm, but long term there would be no, wait, cause is very large, loose monetary policy is never true transformation may occur, that is why we developed policies need to take into account issues. Bao Yujun: 35 period between, to real changes economic increased way development direction must by private, 21 a objective Shang also forced we Government had to considering civil, bank credit choujin, financial policy, financial took money engage investment impossible, financial space is small, local government financing platform deficiency so more, financial took money impossible, under to development only absorption civil investment, this is trend real to do consciously is difficult to, do process Guo Fansheng told themselves found good themselves of development direction, through system innovation and management innovation operating system innovation, now Guo Fansheng told of reason is on, China private enterprise is not call out, is themselves dry out of, dry out yihou, also does not recognized you, think this guy is a monster what, see a see again, see you also decent last approved you has, don't, with to you please to impossible only themselves do out. Zhang weiying: last thank you, I don't think this discussion forever finished, we discussed some issues are old, some new way of thinking, Guo always get there are always new ideas, but we also several experts have some new way of thinking, we ourselves honestly just tired, spoke of the number of times. But white said, to say White said, finally thank the experts, thanked all those involved in thanks. Moderator: thank you to attend this forum, this afternoon, we have to this end. (This article source: NetEase finance) on page 1 2 next page