Although the GEM for the SME market, but the biggest winner of the GEM is undoubtedly the controlling shareholders of listed companies and large shareholders. As the company is listed, controlling shareholders of these companies with large shareholders flourishes. According to incomplete listing anniversary of launch of the GEM, a total of 271 companies listed, so bring as many as 824 billionaires, more than one billion dollar billionaires more than 120. The resulting multi-millionaire, but several thousands of dollars. If all of these shares are cash rich, far more than its cash value when first listed companies and fund-raising amount.

Of course, the GEM is also a big winner. By logging on GEM, GEM worth soared. One of the most convincing data that these companies get a lot of fund-raising market, and even raised funds. According to WIND IT statistics, 271 companies plan to fund-raising 66.418 billion yuan, 178.834 billion yuan actual fund-raising, raised over 112.416 billion yuan, raised as high as 169% over. The figure, the average GEM fund-raising 660 million yuan, over raised 415 million yuan. According to Ping An Securities in a research report, which raised funds with 84.66 percent idle in the bank to sleep.

In addition, as the representative of the sponsor agency, surprise shares and other interest groups who have become the launch of the GEM is also a big winner. For example as of October 23, the GEM has a total of 274 outstanding shares (not including the October 24 issue 25 issue of the sun’s power and Mei Ansen). Which statistics 270 companies paid a total of 12.55 billion yuan of issuance costs, of which the vast majority paid to the sponsor. Securities as safe as the 38 GEM companies lead underwriter, the harvest of 15.1 million sponsorship and underwriting costs; Guoxin Securities acted as the 23 GEM companies lead underwriter, sponsor harvest 8.4 billion and the underwriting costs.

Only investors are the only losers. As of October 21 to the data, for example, the number of companies listed on the GEM 269. Of which 228 stocks closing below its 21 first-day opening (right before the complex), accounting for up to 84.8%, that is, even if that is listed on the first day of opening buy and has held, is still Nearly nine investors are at a loss. Among them, the national technology, Jian Rui fire, when the rise of the century Riel, Netac technology 8 GEM stocks right after the re-opening the price relative to the decline were more than 60%. Another 151 GEM stock closing price (right after the recovery) is less than its issue price, accounting for up to 56.1%. Among them, Hanson moved, Ningbo GQY, Hong Chi Pharmaceutical and other break ratio exceeded 50%. The GEM board from the open price-earnings ratio of 111 times the first day of October 27 fell to 42 times, or more than 60%. It can be said, the GEM is to bring cheap uggs on sale.

That is why, two years to complete the GEM board inherited the mantle of wealth for investors predators. And the motherboard, the GEM is also established on the basis of the expense of the interests of investors. In view of this, as investors, it is necessary to understand the market again, to re-examine their investment behavior. Furthermore, if investors need to continue to stay in this market, but also must be addressed. If you change the positioning of the GEM, investors choose to leave the market when it is a wise choice.

The problem is that these are “anti-vice” of the wind being “blown” to go ladies, where they will go to “habitat” shelter it? Dongguan, the “yellow wind” can disappear if it?

Thus, we have felt that, although Dongguan “anti-vice storm” very strong, very quickly, even with a withering trend. However, merely an illusion, after the storm, everything will return to the old, the sex industry will continue to be a beautiful landscape in Dongguan.

Calmly say, even if the Dongguan’s “anti-vice storm” to blow down continuously, then, to 100,000 have been accustomed to this way of life of the young ladies who, since they will select the “switch” to engage in other work? They can meet on the meager income through hard work to obtain the line of business do? Obviously not. This also means that the lady in order to maintain the lives of debauchery, we must continue to look for when Miss “habitat” of the land. So, what can make it 100 000 Miss “posts” mean? Do other places you can do despite the proliferation of pornography?

It is understood that the Dongguan off the “anti-vice storm”, mainly because the information sent out a trick question of prostitution, a lot of information sent to the relevant leaders of the phone, because the leadership “angry” and we have to make Dongguan area have launched “anti-vice “action. This means that, if not leading angry, Dongguan is impossible to “anti-vice”, and even higher is required, it is only going through the motions. Dongguan as some people said, would soon revive. We have to ask that the central requirement for anti-pornography has not stopped, why Dongguan up to 10 Miss Wan Yuming underground sex industry, but has never heard of Dongguan government leaders, law enforcement agencies led by the processing of the message so it? Is the sex industry has become cheap uggs on sale?

In fact, the underground sex industry in Dongguan, if not the local government and law enforcement protection, or default, is not so “developed”. Lies, including Dongguan, including the underground sex industry “developed” areas, it is not the underground sex industry be treated as a problem, but as to attract investors, as a means to attract customers. So, turn a blind eye, ignore. So, how to eliminate the underground sex industry has it?

Because of this, we are not Miss for this 100,000, “future” concern, “open” in Dongguan, in the “anti-vice storm” after re-provide them with opportunities to engage in sexual services.

Concern is that if the situation continues, no one can guarantee, Dongguan will not be 200,000, 300,000 or more of the lady, Dongguan, the sex industry will go from the ugg boots sale. Once Dongguan “experience” is emulated by the rest, then the sex industry Fengyun cancer, will affect China’s harmony and stability as a major obstacle. Meanwhile, a variety of diseases will expand as the sex industry and spread rapidly.

It can be said, whether the recent financial market bust Wenzhou private or national housing prices started to decline, the cumulative risk of domestic financing platform and the domestic banks will face a huge risk, but these are insufficient to allow the yuan appreciation as the depreciation of the way suddenly reversed, is also inadequate for Hong Kong’s H shares tumble legs in the air. Because, from the current situation of Chinese entities and financial situation, the actual cause of systemic risk China faces a huge key is not the specific financial risks of these outbreaks, but current Chinese government is aware of the seriousness of the financial market risks. If the Chinese government to realize the seriousness of the current financial system risk is fully able to find these specific measures and methods of risk.

For example, China’s current economic and financial system, the biggest risk is not aware of a huge real estate bubble in China’s current level. Because the current situation, because in recent years, national governments, excessive concessions to the real estate credit policy and tax policy as a tool for the Chinese real estate bubble blowing rarely seen in history. The real estate bubble of the great, and then offer the real estate if the policy continues to blow down, then the real estate bubble burst is inevitable. In this case, if the real estate bubble burst, then the Chinese banking crisis, financial crisis, economic crisis and social crisis will naturally follow. Global hedge funds do not short China, China’s economy will face great danger and even there is a general recession.

However, no bubble in Chinese real estate market, added to the seriousness of the government which is to be aware of. From ten countries in 2010, the government has a serious real estate bubble out of a little reluctantly, always mistaken neither out of the real estate bubble real estate market but also to ensure the healthy development, but the seriousness of these documents for real estate understanding is clear, out of these tools is the real estate bubble are very clear. Such as how to make more use of economic levers that come out of the tax credit and the real estate bubble. Can say that if the basic purpose of determining the domestic real estate development, the government will be able to use the current economic leverage (real estate credit and tax policy) to gradually squeeze the real estate bubble, and let the Chinese economy gradually return to rational. Recent macro-control government officials stand on the property is basically out of the real estate bubble is a comprehensive, in order to gradually allow domestic real estate market, the road back to health. If so, despite the current financial market and the Chinese economy is facing many problems, but these problems can be solved.

The current global hedge short China, the latest problem is that the Chinese government’s macro-control on the domestic real estate hesitant, is that national governments can not adopt internationally accepted as an economic lever (real estate and real estate tax credit) to out the real estate bubble, but too much administrative intervention to the means and tools. Can be said that the government used administrative measures on the property up and the most frequent, if the domestic real estate is still one of the most major investment vehicle to make money, so investors do not find housing that the government macro-control to resolve the administrative means. For example, the current domestic real estate tax policy is the world’s most outrageous tax. Whether the transfer of part of the housing speculation still holding part of the housing tax policy, are those who protect the housing speculation. Such as housing and housing estate holding tax of zero, how can those who do not encourage housing speculation into the real estate market? Therefore, the Government of the pain out of the country determined the real estate bubble.

Face of the global hedge fund shorting China, the Chinese government must not be taken lightly or laissez-faire it is, but the close attention to the time to take the initiative. The way the government initiative, first to their own domestic economic problems to solve. And solve domestic economic problems, we must first take effective overall out of the current domestic economic leverage huge real estate bubble. For example the most simple way is like Hong Kong, Singapore and Taiwan, as comprehensively improve the housing trading turnover tax (Hong Kong housing within six months, one year, trade turnover tax within two years were 19.25%, 14.25%, 9.25%, why China does not adopt) and housing transaction tax, housing property tax levy to determine the timing and rate. To alter the current system of housing mortgage loans, such as the proportion of overall increase down payment mortgage loans and interest rate, shorten the mortgage term (such as mortgage loan shall not exceed 10 or 15 years). If the government can be removed through effective economic leverage effect of the housing market to make money, it will be out of the real estate market bubble. No housing speculation, how could the domestic real estate market and economic issues rather than how many healthy development?

Secondly, the cheap uggs should use the powerful force in the foreign exchange and stock markets a comprehensive attack, do not let the world’s hedge funds to China and Hong Kong H-currency set up their ATMs. We should clearly see that in the current international financial markets, more than ten trillion-dollar hedge funds all the time in the use of existing financial derivatives big benefit. Both the financial markets up or down they are capable, to reap huge profits. Such as the International Air China hedge funds do, they would have to put short China as an “ATM” to prepare multiple derivatives. Example, in 1998 in Hong Kong. If the Chinese Government has been in the domestic real estate policy based on the adjustment and improvement, such as the Hong Kong Government in 1998 as hedge funds for short to take the initiative in China, China is not difficult to beat them short.

Third, the Chinese Government and the Hong Kong Government and the neighboring Asian countries to work together to improve and amend existing laws and regulations of financial markets, weakening the impact of financial derivatives and influence on the market. The United States early in 2008 and European governments in the near future rules for the operation of financial derivatives and regulatory systems are adjusted, but Asian countries, particularly Hong Kong, nothing happened. Therefore, the rules of the Asian financial market system is a comprehensive reflection and modification time.

In short, the Chinese government should pay close attention to the recent international trend of China hedge funds do, and to adopt policies and measures. Do not let the Chinese market vulnerable to attack as their ATM, but to such as the Hong Kong Government in 1998 to take the initiative in order to protect China’s national interests, to protect China’s economic achievements.

The core problem is that two state-owned companies in India and Vietnam signed an agreement last week between. Including oil and gas sector between new investment, mining and supply cooperation plan.

Vietnam and India the day before signing the agreement, China has just signed with Vietnam to end a six-point agreement between the two countries maritime disputes.

China maintains that all the South China Sea sovereignty, while Vietnam’s fight for the South China Sea including the Spratly Islands, including parts of the sovereign. Meanwhile, the Philippines, Brunei and Malaysia also claims sovereignty over the waters of this piece.

Chinese media quoted Chinese Foreign Ministry spokesman Liu Weimin, as saying: “China’s Nansha Islands and adjacent waters has indisputable sovereignty over our position and the related idea is the same, and it is clear.” He also Vietnam and India for agreement, said: “We have taken note of the report and hope the parties concerned to take positive action to ensure regional peace and stability in the South China Sea.”

By a subsidiary of China’s Party newspaper editorials published in the media, China has increased the pressure in the 16 efforts. This editorial pointed out, India is holding its own energy security risk.

Under the “People’s Daily” “China Energy Report” in the editorial wrote: “Because of the unknown sea of ​​oil and a challenge not only the behavior of emerging powers will lead to the devastating Indian Oil setbacks, and likely to make India as a whole Energy security has been destroyed, and blocking its economic development. ”

The editorial further noted that India “must be allowed to enter the South China Sea disputed waters.”

South China Sea has been shown to have about 77 million barrels of oil reserves, the reserves may be expected to reach 280 billion barrels.

A source told the “Times of India”, said Vietnam is facing difficult decisions on this issue. If the Vietnamese withdrew exploration agreement with India, it would be signed between Vietnam and other countries, impact of the oil agreement; but resisted from Beijing to let Hanoi – Vietnam, a major trading partner pressure, which in turn is very difficult of.

Deputy General Manager Tan Huajie Vanke admits, tremendous changes in market conditions on Vanke’s sales have also been affected: before and after the October market has always been the peak of the new disc, the next period of time, expected supply of new homes will continue to increase, the market will be further pressure on stock to increase.

Data also showed that three quarters of inventory Vanke rose 192.6 billion, up about 57%. Among them, three suction gold region Vanke, Beijing, Shanghai, Shenzhen, occupying the bulk.

Shenzhen Vanke sales of only four projects during the first half, while the second half of the houses up to 11, a total of 10,000 suites source, accounting for the same period in Shenzhen, the amount of new supply 1 / 3.

And such a huge supply compared to demand in Shenzhen, the purchase of the property market continued to shrink under the policy, and price policies lie in the prices of many peer-wielded weapon. October 29, investment property [Us News] introduced green projects around 4000-5000 dollars lower than opening price; bimonthly Vanke Bay project site in Huizhou, excellent property introduced 4900 yuan / square meter of the Cote d’Azur new listings, before, Country Garden [Us News] miles Silver Beach also opened for as little as 6,000 yuan.

“Shenzhen developers are not the price drop is not, but how much to sell down the problem. World Union Properties, said chief analyst Wang Haibin, Shenzhen continued downturn in the third quarter of the volume of the second quarter, some of the concessions have been enough to impress buyers who must have a more substantial price cuts.

From a national perspective, Vanke is also facing slowing sales. Shanxi Securities flat Haiqing that Vanke sales slowdown is a foregone conclusion. “Sales growth year on year growth rate is less than the sales area, indicating that the price for sales of the company.” Ping said that as the housing market downturn the next three months the possibility of very large, annual sales growth rate will be lower than 30 %.

As Vanke headquarters, usually the proportion of sales accounted for 1 / 10 of the Shenzhen Vanke sales performance this year is not satisfactory. Earlier this year, Shenzhen Vanke expected sales target is 14 billion (about company-wide 1 / 10), but as of July, Shenzhen Vanke only achieve 40 billion yuan. In the third quarter launch of several new series set after the initial estimate of about 4 billion capital return in Shenzhen from 14 billion is still a big gap.

Wang Haibin that, as if we have to achieve annual sales target, before the end of the impact of annual results of listed companies is a critical period, large-scale developers choose to ship at this price a great chance. Especially this year, most developers will be expected to control long-term sustainability, the market outlook bearish, but the probability of price increase.

Data show that in the third quarter, Nokia total revenue was 89.8 billion euros, 10.27 billion euros last year fell 13 percent compared to a net loss of 68 million euros, while Nokia’s net profit last year there are 529 million euros.

The third quarter, Nokia sold worldwide a total of about 107 million mobile phones, although a 3% year on year decline does not seem high, but this is subject to sales in the Middle East and Africa increased by 41% and Asia Pacific sales increased by 17% of the pull in these areas despite the sales increase, but mainly in the low-end machines based on Nokia’s market can not form a strong support. In the more profitable market, Nokia’s sales are down significantly, which fell 78% in North America, Europe fell 29%, Greater China sales of 15.9 million, down 21%.

Japan is also a Confucian cultural circle is how to do it? I will talk about several aspects of Japan does not protect crime, social relief, and self-management responsibilities. Compare with the Foshan events, reflect on whether we want to be touched be it. In Japan there are obviously dangers for those who refused to help the parties is subject to criminal penalties. The reason is that Japan’s criminal law is a law is abandonment of the crime, is meant to aid and help people refused to help, or turning a blind eye should be sentenced to prison. And this has been the object of protecting vulnerable groups (elderly, infants, and physical illness) who lives with the body is protected by law. At the same time that crime in Japan, there are clearly defined: such as abandonment of the crime, to protect those responsible for the crime of abandonment, not to protect the crime and so on. However, confirmation of this must have on-site or a specific case. If there is a famous Japanese actor tryst with a female, but both served during the tryst ecstasy, but may be too big reason, this woman suddenly had an accident, because doping is illegal in Japan, the famous The actor did not dare take her to the hospital, but the best time to delay the treatment, so that caused the death of this woman, this is the abandonment of the crime or the crime is not protected. As found on the highway in front of an accident, not a deceleration warning to the rear of the vehicle, ambulance and rescue people in the field may be sentenced to not have the protection of crime.

At the same time I think Japan is worthy of national emergency reference. Assuming the hardware market saw all those passers-by, but now the domestic situation they have not received specialized training in their actual work at best is a phone call, but the country has a rule called an ambulance would take an ambulance costs. So many people because of this vine, much less attitude, not afraid to hurt the fight to their rescue calls. The Japanese principle of emergency ambulance fees paid by the State, we have the ambulance alarm functions, so the Japanese general who saw abnormal behavior immediately called in emergency first-aid rescue personnel to the scene, and inform the staff is just as the scene and witnesses informed of the role of those, so some drunken man collapsed and people may call roadside rescue. No worries we will be actively helping hand, if there is no guarantee who will take risks if aid does. Or rescue of the environment and institutional issues.

Finally, I found a Foshan incident noteworthy things, the victim only two years old girl, in the absence of the custody of his guardian went on the road, which is the main cause of this horrible disaster. Then the girl’s parents do? Is the owner of the hardware market? Or temporary to market customers? No matter what their status is not to see themselves and their children is a major fault. In the summer in Japan this year have been such a thing, a mother of 2 year-old child in the car did not open the windows, and went to the supermarket purchases, and finally heat stroke death of a child, the mother of manslaughter by the police finally arrested. Although Japan does not have strict rules like Hong Kong old must have adult children under guardianship, but the protection of ugg boots uk is also very strict. Can not put everything all to the society, we also have to manage their own affairs well.

When a society the law clear, complete rescue the environment, such a society there will be indifferent, neglecting the situation happen? People are selfish and timid, can not say that all 18 passers-by to see or do not want to save, and now the external environment forced them to become not reach out to save the environment makes them indifferent. If you want to change this situation, not only in recognition of a sweeping aunt, but to cure, to complete the law, making the people there are laws to follow, but also enrich the social security mechanism, this mechanism can not make a cash cow, but to become a life-saving boat.

This thinking is and Jinchao Huang Emperor Sima Zhong learn. Sima Zhong was later known as the idiot emperor, but is not really crazy, but unruly childhood, do not love reading all day, only know how to eat, drink, much work, is self-selection of the mentally retarded type. Another busy year of famine, many people without food, they can not rice, starving everywhere. Sima Zhong courtiers to the situation reported unexpectedly, Sima Zhong asked: “do not eat, why they do not eat Rouzhou it?”

Nowadays, although there are some air jordan 1 have become richer, but most people will have just enough food and clothing, the better off the way, has not been well-off. And a child go to college, generally require four years of study costs 7-8 million people, is a heavy burden for many families. Plus 10,000 yuan if the arbitrary charges and other costs somehow, it is worse. Abandoned because of inability to pay school students more than twelve. Hunan Provincial Education Department officials do not see them.

They do not see college arbitrary charges is a serious criminal acts. The central government’s repeated demands for jordan and jordan shoes arbitrary charges, requiring strictly prohibited. However, following the Ministry of Education officials did not listen to the instructions of the central, intentionally or unintentionally condone college arbitrary charges, they can not see the higher university fees, increasingly making China’s education inequality. Children of poor families can not afford to read the book because of no money, no matter how good academic sense.

They do not see this being more serious damage to China’s future. Education is the country’s fundamental. Education, equality and education with a law-abiding country can not do, how could maintain a better quality of air jordan shoes 2? Education over the state will finally destroyed.

Does not deserve the education departments, unworthy of an officer of more people, chosen to become the education officials. This is how it was?

Rain, such as injection, slow and disabled beggars sitting skateboard line, the mbt bent down behind his umbrella to protect myself. Perhaps, if someone happens to be photographed is not this touching scene, the mbt’s disability charity moved just a beggar.

Thank the network, this beautiful mbt and her show to the countless people enlarged view. Suzhou Municipal Party Committee Propaganda Department, as one official put it: “The mbt’s mortal charity, plain but sparkling glory of truth, goodness of human nature, pure convey deep moral force. Whether she is ‘old Suzhou’, or ‘new Suzhou’, or tourists, she moved to the city. to learn and to follow such a ‘good side’, should be the pursuit of social values ​​and morality. ”

Imagine, would rather sit in a BMW car crying mbt is not an umbrella in the rain for the disabled beggar, also conceivable that the Internet postings seeking the rich and nurturing of female students can not use this way to show human nature beautiful. When the decay of morality as some people pay homage to the MBT Sini, when the unnamed mbt inadvertently charity is all the more so valuable.

China’s materialistic nowadays, all levels of society are all odor exudes the stink of money. When the pursuit of interests as a nation will be the only way of life, when her daughter Mei-US shamelessly talking about the television program to show off wealth, we become poor in this nation has not the spine upright reptiles.

Even more ridiculous is that some people like to wear the emperor’s new clothes, but not the spine to assess what happens to the backbone of awards, and money can buy. In China, can spend money buying, money can buy life, money can be married daughter and her godfather, only a “money map” and has no future there will be the backbone of the nation do?

A bunch of Kuotai Tai, wide lady, named Playboy gathered together the so-called backbone Award, not only the spiritual elite of these junk masturbation only, say, an umbrella in the rain for the disabled beggar mbt in front of such a backbone is only a reflection of shameless and ignorant.

As everyone knows, the backbone of support for China’s social progress is not in temples and in private, trying to erect an arch so that the public worship of whom era long gone. Some people erected the inhuman moral benchmark, such as famous songs regardless of Fusi, the Grand Canal despite the bad example of Cheap MBT Shoes For Women, on posters can only be ugly side of human nature. There is no doubt, when the rain umbrella mbts for the disabled beggars come into the public eye when the figure, soft and beautiful silhouette that is clearly a national trend of social civilization and the moral backbone.

We all know that, after the sudden death of Chiang Ching-kuo mbt shoes could benefit from a smooth succession when the KMT’s Central Committee, Deputy Secretary-General MBT’s behind, but there is no thought, a Deputy Secretary-General has such a great supportive it? mbt shoes’s succession from the KMT Legislative Yuan was first sent a group of legislators, backed by the young, the group is to Yok Jaw group was led by the new connection and then founded the New Party, KMT that group of people, the courage behind MBT Lee Yok Jaw should have urged the group behind. This was the younger generation want to reform the KMT, the KMT from the historical burden freed, mbt shoes in Taiwan halfway decent locals politicians, not the long history of the KMT’s political baggage, Lee succession is to promote the reform of the KMT hopes to the mbt shoes and MBT even behind the mbt shoes women is a combination of the strength of this group of reformers. When the KMT elder Chen Li-Lin Yang-kang were introduced in an attempt to suppress from the KMT sent a cable to calls for reform when the younger generation, this group is MBT and mbt shoes of young reformers to defend, we can say this without Yok Jaw MBT’s support group of people is not to promote the strength of mbt shoes succession.

After mbt shoes succeeded Chiang Ching-kuo’s succession of political localization policy, vigorously promote the Taiwan provincial politicians to Taiwan’s political arena, then the local school-based political forces to solve the KMT ruled Taiwan for forty years left, represented by the 28 February incident historical problems, which won the Taiwanese people highly trust and support. However, the KMT ruled Taiwan mbt shoes to resolve the historical legacy of forty years the problem must involve the historical positioning Chiang, Chiang Lee did not do politics for the summary can be said that such an outcome is to negate the positive significance of the Chiang to Taiwan . Taiwan’s mbt shoes to promote the provincial politicians, this is bound to squeeze the KMT traditionalists future politics of space, Soong and Yok Jaw group is divided on this issue eventually parted ways. MBT followed mbt shoes to promote the democratization of Taiwan’s political leap localization, which left political life in Taiwan had a golden medals, fifteen of the moon with Lee MBT of the half. Yok Jaw group denied by mbt shoes Chiang, hit the banner of defending the Republic of China mbt shoes’s political democratization, now two years later the New Party in Taiwan’s modern political time in two decades, what positive meaning does ? Merits and demerits of our witness!

MBT, the courage to escape from the current three-party, but blue-green semi-boundary river to the demands of Taiwan’s livelihood for the rematch a bureau, Yok Mu-ming Ma Ying-jeou to defend the new party to defend the so-called guaranteed the KMT’s Republic of China is also ready to fight another day a traditional bureau, MBT Tunisha of the mind and Yok Mu-ming of the mind, whose hearts are the people of Taiwan, the Taiwan people’s own judgments!