Browse Category


Walking on the road (2014,06,05)

Hill, where sitting quietly guarding their own beliefs, no matter how clouds teasing sun, she turned a blind eye.Two magpies and take care of each other from one hill to another mountainside fly.Where there are black bars Stella trees absorb ultraviolet light with a strong dark green canopy, creating a safe and harmonious home for birds and biological needs.Magpie contracted wings drill into it, and after several more shouting noise, mountains resumed normal.    Baiyun do not know from where, and where to go, go piece by piece, the blue sky was very beautiful painting, walking on the road a few times I stepped on a roadside bushes child’s, or do not want to look from where blue sky back, it feels that situation, it was plucked from the depths of the mountains but no one found a peerless beauty, eyes wander, there may be fleeting, no longer possible to have this beauty to enjoy the same.Baiyun flower, a rose would like, for a moment such as roses, there will be a gentle greenhouse flowers, while another wild delicate pure shy.White clouds as show girls, while that image is very reminiscent of awful dance in long-sleeved, while they like to see another kind of like pushing on a Li-yan obsequiousness when the drunken beauty, while the ups and downs and if the flowers fragrant waves volume Tao buried human Love me, from where I saw a lover of beauty, she took my feeling, let me into the long infatuation with her soft bosom.    Wind blowing from the woods behind the cool wet, over the bare arms and face, like a girl’s hand can touch, can not but exciting moment of the whole body soft, very comfortable.The wind is very light very soft, but the dancing Caojian shoots of leaves and undergrowth, such as silk, although almost noon, and occasionally a few pearls scattered deep into the body, feeling very cool.From the mental state of vegetation after the morning shower, although the hot sun a few days transpiration earth has been significantly dry phase, but they are drinking enough water it floated in the air, say the root system and its surroundings also have a lot of storage ShuiBuLai.Perhaps they are in the soil and return spring also ShuiBuLai, because the ecological space they are mutually compensated.    I know that wet cool wind will soon be deprived of the sun’s burning, but perhaps this is the difference between the humidity and temperature, air flow promote a variety of floating objects, so they created a constant for environmental restoration the conditions, but also to the woods vegetation ecological role and achievements the city has excess air exchange.    Maybe my children and share ideas with the mountains, Winsor Lane residents frequently waved to me and nodded, said Trinidad and Tobago terrifying thing in the world, I am afraid of what this mountain, that many fear vegetation what I am, why I went in front of them will be so comfortable, relaxed and happy, and refreshing, and are difficult to find appropriate words to describe the children, and a lot of people and I feel the same way, why do they still afraid to As people are and describe when some thing was said, for fear of a mile.What are they afraid of it, afraid of people set fire to burn them black and blue, with a large mechanical terrifying blink of an eye, let them have no place, for fear of cement solidified their music in their homes which, for fear of shouting ecological construction, but breach of trust uprising murder create suitable living conditions for their flora and fauna?I do not know why when we think of things would say about being a mile.    Hill, just as Maitreya, potbellied accommodate Pepsi attitudes of the world, you say good or the United States can do, she still is not anyone’s likes and dislikes of the move, stuck to their creed, that all want to do our best to in the mountains create the best conditions of life, you do not really want to go against the road, she just laugh at how you dig graves for themselves.    I want to understand my hill, thought and action in good faith to repent of my past, the ignorance and ignorance will be buried at the end of the road, deep in the mountains touch the corner of my sadness sunset, the warmth of the mountain cold nearly numb heart, bring back a man of conscience, cherish and enjoy all the mountains given.

A Fed rate hike the central bank raised the shares of highs 7-day reverse repo rate

  March 22 morning, the Fed announced that the federal funds rate target range by 25 basis points to% to% level。
This is the first time since the Federal Reserve to raise interest rates this year, in line with the market had widely expected。   Affected Fed "interest rate", March 22, in the onshore RMB against the US dollar the official closing price reported, the official closing prices go over the previous day 103 points。
  A sector, the three major indices highs by the close on the 22nd, tumbled%, to close at points; Shenzhen Component Index fell percent, to close points; GEM fell percent, to close points。   The Fed chairman said the gradual rate hikes the Fed said most beneficial, improving US economic outlook as the main basis for rate hike。 At this time, the Fed believes interest rates will help moderate economic growth, the job market to maintain steady。
  The Fed released data show that US economic growth is expected this year and next to% and% respectively, compared with last December's forecast were raised percent and percentage points。 By the end of 2018, the US unemployment rate will fall to% less than in December last year predicted value per cent; by the end of 2019, the unemployment rate will be further reduced%, well below the long-term a reasonable level%。   The Fed is expected by the end of 2018, the US core inflation rate%, consistent with the December forecast。 By the end of 2019, the core inflation rate%, compared with December estimates by percentage points。
  With regard to interest rate expectations, the Fed estimates show average interest rates three times this year and next, by the end of 2020 the federal funds rate expected value% incremental rate hikes should continue to provide support to the economy。   Federal Reserve Chairman Powell believes, gradually raising interest rates will continue to support the economy, we will continue to try to avoid deviation from the inflation target, today's rate hikes raise interest rates gradually in line with the process of gradually raising interest rates next step to better achieve the Fed's objective, will constitute the economic risk is too slow to raise interest rates。   Powell said the Fed existing monetary policy framework is very effective; his personal opinion, there is no urgency to the Fed's regulatory framework; yet to decide whether to maintain the same framework in the longer term。
  CITIC Securities believes that the overall release of Powell's speech signal slightly hawkish, the market is expected to raise interest rates four times during the year to enhance。
Overall, the meeting released by a neutral signal to raise interest rates a bit more hawkish, though US Treasury yields and the dollar index down slightly, but the market interest rate four times during the year is expected to rise from the previous% to%。   The central bank raised the 7-day reverse repo bid rate by the Federal Reserve interest rate hike, the Hong Kong Monetary Authority 22 announced its benchmark interest rate by 25 basis points, from% to 2%。
  March 22 morning, People's Bank of China also carried out the appropriate action, up seven days reverse repo open market bid rate to%, up slightly over the previous five basis points%。   The central bank open market operations room official said, the open market operations interest rates up slightly in line with market expectations, the market for the Fed to raise interest rates just a normal reaction。   "The open market operations, interest rates follow the market up slightly reflecting the supply and demand of funds, further narrowing the spread between the two, it is conducive to enhancing the role of conducting open market operations interest rate on the money market interest rates, but also conducive to the formation of a reasonable market players interest rate expectations, financing constraints irrational behavior, the stability of the macro-leverage may play a role。
"Agency believes that after the Federal Reserve to raise interest rates, the level of China and the US benchmark spread narrowing。 From the point of view of interest rate parity, the presence of Chinese pressure on interest rates, interest rate levels in order to maintain stability and further stabilize international capital flows, exchange rate stability in order to achieve goals。   Jiang Chao Hai Tong Securities macroeconomic analyst believes that China is the world's second largest economy, enjoys an independent monetary policy, without having to follow the United States to adjust monetary policy。
This year the dollar continued to weaken against the dollar as a whole continues to appreciate, from the current level of appreciation to the vicinity of the yuan trend is too strong and not too weak, so no need for the central bank to raise interest rates and exchange rate stability maintenance。   Huatai Securities chief analyst Li Chao believes that China's central bank may raise interest rates again to follow。
He believes that the US interest rate with bond spreads continued to narrow, and has a 3% inflation in February the central bank to raise interest rates close to the threshold, the domestic economic performance than expected, creating space for the benchmark interest rate adjustment。   Guotai Junan that, from an economic momentum and inflation dimension, the need to raise interest rates will gradually increase, the central bank will follow the Federal Reserve is expected to raise interest rates and a slight increase modestly over the open market interest rates, will follow throughout the year to raise interest rates 3-4 times。    – Market Reaction。

"Business Week": Al build the US medical drugs Botox Botox is Born | Business Week | El build | Botox

  Botox anti-wrinkle has a magical effect of birth and manufacturing process。
Botox based on the scientific community one of the most toxic substances known botulinum manufacturing, global sales expected to reach $ 4.0 billion in 2020。
  El build Irvine, Calif Botox into the laboratory is not good, not easy to go out into the once。 But first it is to sign a disclaimer: in entering these heavily guarded laboratories 18-36 hours, visitors may have double vision, speech difficulties, limb weakness and eventually paralysis of the respiratory system。
But do not worry。   If you sign a disclaimer go inside, the beginning of the entrance is a key input password to open the door, then the door is more password。
Only a few people at work or walk。 Go inside very far behind the double windows are still more cut off, and finally came to the table with a metal enclosed。 Everything here is subject to video surveillance。
All activities record each monitor。 Security watched the coming and going from the room with a shield wall of people。   Such scrutiny and careful protection is not built El sold drugs Botox is not a competitor to steal – although Botox is worth protecting, Botox last year sales of $ 2.8 billion。
Take a variety of security measures because, for many years the young drug happens to be one of the most toxic substances known by the scientific community are made by people to get rid of wrinkles。   Botulinum toxin is extracted from botulinum toxin。 Botox thriving breeding in poorly stored canned foods。 Botox is very toxic, will be able to make a little due to respiratory muscle paralysis and suffocation, is considered one of the most deadly potential bioterrorism agents around the world, the US CDC as a possible cause of public, animal and plant health a serious threat to the height of the controlled substances。
So even if these Botox missing a little bit, Al build must explain to the United States Center for Disease Control。
When it was built to Al manufacturing facilities in Ireland, the journey reminiscent of action to defend the president's Secret Service, but less public attention。   Like so many baby aspirin dose of botulinum toxin that sufficient global supply botulinum year。
This toxin extracted from a larger source, lock somewhere in the United States, leading the list of governments and companies in a well-protected only row of people know exactly where children。
Occasionally (Al build will not say how often) some of botulinum toxin (Al built will not say how many) secretly transported to the laboratory studies Irvine。
Even more rare it is to take a private jet with botulinum toxin by a security escort to the factory in Ireland。
  Scientists need to cause massive damage to what dose of botulinum toxin disagree。 Almost no data in this regard。
But in 2001, "Journal of the American Medicine," the research article said that if one gram crystalline form of botulinum toxin uniformly dispersed and inhaled will cause more than 100 deaths。 What conditions need experts disputed the actual weaponization of Botox, Botox but the possibility of manufacturing bombs mere presence on the US government in perpetuity。 Al built thus in striking position。 The US government stepped up vigilance Al build their own secret, under the joint action of the two, almost unbreakable get Botox quasi-monopoly position。 Al Construction said botulinum neurotoxin accounted for 90% of the medical market, 75% of the US medical market。   Only the United States alone will be hundreds of botulism occur each year, a number of deaths。
Earlier this year it was in a gas station on the outskirts of Sacramento after eating bad shortbread death, the culprit is contaminated cheese sauce。   1820 years ago, a German doctor, poet Kenner (JustinusKerner) first announced what he called "sauce poisoning" an accurate description of the symptoms: drooping eyelids, accompanied by difficulty swallowing and breathing。
In the late 19th century, a team playing at the funeral musicians appear importance and muscle paralysis after eating a ham at least three deaths。
Belgium microbiology professor EmileVanErmengem discovered botox from this tragedy。
Ermengem this pathogen is considered to be named, he named according to their sausage (sausage) Latin name botulus。   The US government worried that weapons of Clostridium botulinum are not unfounded。 In urging the UN prosecutors, a large number of Al- Hussein Iraq admitted purified botulinum toxin for chemical and biological weapons warheads 25 years ago in 1991 the use of。
Earlier, the era of Nazi Germany reserve concerns Botox led coalition to develop vaccines and vaccination preparations before the Normandy landing, but the German intelligence ruled out the use of Botox weapons, so vaccination is not implemented。
Also during World War II, the United States began to study Botox own manufacturing biological weapons, this work indirectly leads to Botox。
  Botox is basically Scott (AlanScott) Monk Mainz (EdSchantz) of the invention, the use of botulinum two scientists distinct purposes。 20 1960s and 1970s, ophthalmologist Scott exploring methods of treatment in patients with strabismus, still more concerned about the military rather than medical Heights。
Mainz purified botulinum toxin is still in Mali Frederick, Maryland Chemical Corps, then went to University of Wisconsin complete purification process。
After a colleague introduced two ties still to Mainz supply of Botox Scott。
  At that time control of Botox basically does not exist。 Mainz is still the meat toxin contained in a metal tube inside, then put a metal pipe sent through the US Postal Scott。
Scott is the meat toxin into drugs, then around his own breakthrough company founded a company called Oculinum。
  The drug, also known as Oculinum, 1989 Nian approved for the treatment of strabismus and blepharospasm。 Al built first obtain permission from Scott in the hands of the drug, and then in 1991 bought directly (the following year changed its name to Clostridium botulinum)。
El build the outset treated with great caution botulinum know if misused may produce serious harm。
  Al built Botox Chief Scientific Officer Breen (MitchellBrin) almost from start to finish played a key role in the drug development process in。 1980 Bollinger Columbia University neuroscientist specializing in movement disorders。 Brin and his colleagues get Botox supply from Scott there, and Brin has been the role of medication approved by the US regulatory authorities to assess its human botulism。
Brin began on the face, chin, neck, limbs, severe muscle atrophy of patients testing Botox。
He diminished the effectiveness of botulinum toxin in awe, still like to show the former spasm patients before and after being cured of botulinum contrast Videos。 Brin's office is like a Botox museum, stood memorabilia collected over the years, including a set of Russian dolls get Botox when introduced to Russia。 Botox is the Brin's life, his California license plate number is BOTOX。
  Botulinum efficacy as follows: human muscle control by the motor nerve, motor nerve to release a chemical command muscle contraction。 Botox is hindering the release of chemical substances。
Today, Botox is approved for nine kinds of medical uses – including treatment of chronic migraine, overactive bladder and severe muscle spasms, the person being botulinum toxin to treat depression treatment trials and studies of atrial fibrillation。 US doctors use Botox is also expanding: The next area is a square jaw and neck beauty。
Herbert said, was built in the Al acquisition of Botox, Botox he believes sales of $ 10 million or。 Today, Botox sales expected in 2020 to nearly $ 4 billion。
  Al built neurotoxin never intended to become a large company。
The company was founded in the 1950s, it was a Los Angeles family run pharmaceutical company, Allergan production known as anti-allergy nasal drops。 Old co-founder Herbert (GavinHerbertSr。) Also try to develop drugs to thumb-sucking addiction without success。 A friend had recommended the development of El build the treatment of allergic conjunctivitis eye drops, so old Herbert developed the first American antihistamine eye drops。 This is the first big success was built Ayr。   Small Herbert took over the company in mid-1957, the company moved to an old theater。
Screening room is used as aseptic filling area, a balcony and a stage used as a storage area。
To the 1970s, Al has become a listed company to build a flourishing production of contact lenses and eye drops and looking to expand。
It was at that time little Herbert discovered Westport Ireland。
  Ireland's northwest coast was in deep economic trouble, Westport unemployment rate up to 30%。 A local politician to convince Westport industrial factory establish a committee aimed at attracting American companies settled。
The plant has been vacant, until the emergence of small Herbert。
It is tax relief incentives to attract small first came to Westport Herbert, when he was looking at a second site to make contact lenses。   Westport is a town of only 6,000 people, 10 years ago, the subject of a Broadway musical。
Westport who depend on agriculture and fishing, and now relies on two other resources。
One is tourism, Westport has been issued by the Irish government's coveted "fashion town" (TidyTown) title。 Another resource is Botox。   And sold drugs common situation, as Botox is completely accidental discovery。 A doctor couple, Vancouver ophthalmologist Carruthers (JeanCarruthers) and her husband, dermatologist Alastair (AlastairCarruthers) inadvertently found botulinum anti-aging properties。 Carruthers in 2012 at the TED lecture recalls that she was being treated for an eye spasm of female patient。
Once this patient did not complain of her eyebrows shot at, saying injections in that part of her beautiful。
Meanwhile Alastair looking for better treatments to eliminate frown lines。 They were investigated forehead wrinkle cooperation with botulinum toxin。
The couple receptionist to be their first patient。
As Carruthers said, a few days time the receptionist's forehead smooth and more youthful glow。 But to find someone willing to accept the facial Botox injections are not easy subjects。 So Carruthers decided to experiment on himself, and soon there is no shortage of subjects problem。
  According to research firm SSR, Botox priced at about $ 60 a usually at full price rather than discount sales。
By revenue, about 55% of the botulinum medical, and the remaining 45% for insurance does not reimburse medical cosmetic。 These people pay the full price of Botox, plus the cost of medical doctors prescribing Botox cosmetic。   Some large global pharmaceutical companies have tried to develop its own neurotoxin drugs but without success。
In 2009, spent $ 1.1 billion acquisition of development is also extracted from Clostridium botulinum experimental drug PurTox mentor。
Five years after Johnson stopped PurTox R & D。 After a potential competitor to the US Food and Drug Administration to encourage the development of botulinum biosimilar drugs。 However, there is no drug Botox and rival。
As an attempt to develop biosimilar drug Botox one of the most powerful strength of the company, Mylan company told investors in March this year, interest in this area, but not go all out。
  Botox Empire unbreakable partly because the drug is extremely complex。   Al Actavis was built in 2015 for about $ 66 billion acquisition of。
Actavis reservations Al build name, description, Botox strong brand strength。 There is a new company its own problems。
A year ago, CEO Sanders (BrentSaunders) with a friendly face an enlightened big pharmaceutical companies appear committed to limit drug prices rise。 This image of the end of October this year, when Al build a payment hold its second largest drugs to an American Indian tribe, the treatment of dry eye RESTASIS intellectual property rights。 Indian tribes in the United States enjoy sovereign immunity, a move designed to thwart Al build a form of patent litigation。
Critics fierce criticism Ayer built。 Bloomberg said Al build the practice dirty shameless and totally wrong。   Maybe Al Botox is built from somewhere in the suburbs of Irvine, departed for Westport。 Al botulinum toxin build will not disclose where or how landing ship from landing in Ireland Westport。 Al built Westport, general manager of the factory Coffey (PaulCoffey) said delivery of botulinum toxin never left El-built control, only a handful of people know the delivery status。
Botox and delivery is also very common, the middle interval may be one or more years。   Coffey said that despite the current world is all kinds of crazy behavior, but do not worry about Al build their security processes。 As to whether Sanders visited the heavily guarded Westport production area, or whether he is entitled to enter, Coffey replied "absolutely not."。   If you are trying to enter the factory Sanders Westport, several roads out of the city he wants in a corner, looking printed with the name of a construction company Al brown small logo in Westport。 This points to identify a narrow path, then a long winding road。 Botox will be shipped in along this road, through meadows and splendid gardens, passing security 24 hours on duty in a small house。 After the park is a beautiful ground shows old Herbert love of gardening。 (Old Herbert retired in mid-1995, now 85 years old, is now the owner of Newport Beach, California, a family of nursery Roger'sGardens。
) Kofi like to security than in a factory to make layers of the onion, purified botulinum toxin will be stored in the onion。
Botox storage room to install more surveillance cameras, these cameras in addition to protecting the greatest assets of Al build, but also to help engineers to remotely diagnose equipment problems。 Allowed to enter the room staff are few and must be put on civilian clothes took off his clothes before entering a full surgery。
  Botox onions from the heavily guarded center began processing into the market, Westport busy factories employ more than 800 people。
Botox is the first step in making salt water mixed with tiny purified botulinum toxin。
The mixture flows through a series of pipes into the aseptic filling room。 Temperature between filling, humidity, pressure, inert particles closely monitored indicators。
Is there a bacterial Ayer built in the sterile room to take a month to extract Jovan samples tested in air。 Even if there is a bacillus, will be investigated。
  Botulinum manufacturing process is essentially an automated process, the manufacturing apparatus installed on microscopic camera tracking。 The final step is the production of botulinum toxin injection vials salt solution, however Tempered powder。 These bottles one by one boxing, into the hands of doctors around the world。 One of the substances on the planet's most feared is now basically harmless, a very precious thing, to be injected into wrinkled brow or sweaty palms。 No more chartered by a security escort, but by delivery。 (Lemon Nan / compiler)。

Deutsche Bank: US housing market over the next few quarters will be significantly warming

US stock market center: Exclusive offer full industry sector stocks, premarket after-hours, ETF, warrants night network real-time quotes, nightlife network Finance YORK, April 22 news, recent US housing data is far from satisfactory, although the last week in April builders index has improved, but weakness in March housing starts and building permits new performance。On Wednesday, the United States will announce two real estate data: February and March data rate of existing home sales data; Thursday, US new home sales data will be released in March。  With the recent signing of second-hand housing sales data modestly higher, Deutsche Bank (Deutsche Bank) is expected in March to improve the weak home sales, estimated at 5 million, slightly higher than the 4.88 million in February。But for Thursday's new home sales data, Deutsche Bank expected to be weaker, because the housing supply in the market is very small。  Last month, the US supply of new homes available for sale was 210,000, only slightly higher than in 2012 14.40000 historic lows, well below the previous 30-year average of about 320,000。  However, the result is a shortage of supply, "Once the recovery in demand, residential construction will be accelerated," Deutsche Bank said the case report。  In fact, Deutsche Bank view, although the US housing recovery has been very slow, but the next few quarters may significantly warmer。  First, the US 30-year mortgage rates about 60 basis points lower than last year at this time, means that the purchasing power of buyers has increased the US。Deutsche Bank noted that while housing affordability slightly lower than the historical peak in January 2013 record, but still higher than at any point in the past five periods。  Second, banks continue to ease lending standards in the mortgage。Last quarter, residential real estate loans held by banks at an annual rate increase of 3.9% before January 2013 three months to achieve an annual rate of growth of 4.Best performance after a 0%。  Indeed, after 2005 years ago, the US mortgage lending standards more stringent still, at the same time for many American families, to accumulate the down payment is not an easy thing。However, Deutsche Bank believes oil prices fell last year for consumers to save about $ 100 billion in energy costs。  Deutsche Bank noted that although the savings in energy costs and other expenses but did not translate into savings up, the savings rate rose for the future of the property market would be a good。  Deutsche Bank is the final conclusion: "In summary, the US housing activity appears now conditions are ripe for a substantial rebound。"(Shofu compilation)

Venezuela condemned the US currency for oil ban

Xinhua News Agency, Caracas, March 19 (Reporters Xu Ye and Wang Ying) – 19, the Venezuelan Foreign Ministry issued a statement, strongly condemned the US President signed Trump prohibit US citizens and government entities involved in the Commission issued an encrypted digital currency currency trading oil the Executive order。
The statement said the US government's economic sanctions and financial embargo against Venezuela in violation of the UN Charter and international law, sabotage of the Venezuelan economy and people's lives。 The statement said that the government appoint release oil money is an important tool to break the dollar hegemony, to promote the domestic economy and the development of production。
Committee reiterated the government to the international community, we will unswervingly promote the development of oil and related currency block chain project, the oil money to become one of the world's most reliable digital currency encryption。
The White House announced that at 19, Trump signed an executive order prohibiting US citizens and individuals and entities within the United States or entities involved in the Venezuelan government or its agents for digital currency transactions, Executive Order came into force on 19 noon。 Executive Order says, referring to the digital currency is issued by the Venezuelan government or its agent after this year and the January 9。 The move is intended to respond to the Venezuelan government to circumvent US sanctions, issued digital currency practices。 In addition, the US Treasury Department also announced an increase in sanctions against the government appointed four current or former officials。
Sanctioned personal assets in the United States will be frozen, and Americans will be embargoed dealings。 Venezuela every year 201,712 announced the release of oil encrypted digital currency coins。
According to the Venezuelan government white paper released January 31, oil currency circulation of 100 million。 Currently oil money is in the pre-sale stage, the Commission has said that the next government will issue gold coins and other digital encryption oil money。 Since the mid-second half of 2017, the United States held in Venezuela due to the Constituent Assembly elections on the subject of the Commission to impose sanctions several times, many times to expand economic sanctions against individuals appointed current and former senior officials, also prohibits US financial institutions involved in the Venezuelan government and state-owned Petroleos de Venezuela new debt and equity transactions, prohibits US institutions involved in the transaction part of the Venezuelan public sector debt has been issued, etc.。

4 ambush venture capital bank holding over 10% regulatory storm clinging to the door of rude people

Click to view the regulatory documentation requirements, the same controller by holding a bank financial products shall not exceed 5%, the implementation of transmissive supervision of major shareholders。Future, venture capital want to be "savage" attack bank recently increased the difficulty of the door, issued a "Notice of the General Office of China Banking Regulatory Commission to do commercial bank equity management Interim Measures for the implementation of related work" and "the General Office under the China Banking Regulatory Commission on Regulating the regulators notification report matters of commercial bank shareholders' two supporting documents (hereinafter referred to as "complementary" notice "")。Documentation requirements, a single investor, the issuer or manager and the actual controller, affiliates, control persons acting in the same bank financial products hold more than 5% of the shares, set aside a year for rectification。  Comprehensive sent the last annual report and three quarterly data, the "Investor News" reporter Statistics found that in the current A shares of 26 listed banks, the stake Merchants Bank, Shanghai Pudong Development Bank, Minsheng Bank and Industrial Bank this four banks over 5% of the shareholders, the emergence of the people's insurance Group, Ampang insurance and life insurance's financial DS-rich product figure。  In this connection, the "Investor News" reporter to the parties concerned were asked to verify and, most agencies did not give a response, there are a number of banks to the Annual Report 2017 has not yet announced refused to disclose the current changes in equity。  Equity Bank to put on the "magic" January 5 this year, commercial banks in order to strengthen equity management, standardize the behavior of commercial banks shareholders, regulators make up the short board, issued a "commercial bank equity Interim Measures" (hereinafter referred to as the CBRC "approach" ), which is a clear range of shareholders, major shareholders to address the problem of abuse of shareholders' rights, the establishment of intervention operations and initiatives red line caused by market concern。  "Rules" display, the same investors and related parties, persons acting as major shareholder of the number of shares shall not be more than two commercial banks, or controlling the number of commercial banks not more than one。The main shareholder here defined as "possession or control of commercial banks more than 5% of the shares or voting rights, or the total amount of capital or total shares held less than 5%, but have a significant impact on the Management of Commercial Bank shareholders。"Subsequently, the stock of shareholders to focus on resolving regulatory issues and implement improvement, issued by the regulators complete" notification "shows that financial products can hold shares of listed commercial banks, but a single investor, the issuer or manager and the actual controller, related parties, persons acting in control of financial products total shares held by the same commercial bank shall not exceed 5% of the total shares of the commercial bank。Commercial banks not to issue major shareholders, management or other financial products through the same means of control held by commercial banks shares。  For rectification period, regulators also give a clear, supporting the "notice" requirement, in principle, should be on the date of the "measures" the implementation of the completion (ie, until January 5, 2019) within one year of corrective。  In addition, commercial banks shareholders and related parties, or persons acting alone or together hold a total stake of the total capital of commercial banks more than 1%, 5% or less, it should be through commercial banks to 10 working days after receiving the respective equity CBRC or its representative offices report。  Regulators repeatedly said in public: "In the commercial bank equity management, must implement the principle of penetration, improve the transparency of ownership, implicit norms and shareholders holding shares on behalf of the phenomenon."。CBRC in supporting the "Notice" answered reporters' questions in the next focus of consolidation, which refers to "the small and medium commercial banks and shareholders equity as key elements of corporate governance, included 2018 site inspection plan。"4 banks face rectification So, what will be the equity of commercial banks face a rectification of it?As of March 15, only Ping An Bank released the 2017 Annual Report, the latest disclosure of the ownership structure, other listed banks in 2017 three quarterly statistics point of view, China Merchants Bank, Minsheng Bank, Shanghai Pudong Development Bank and Industrial Bank are present in the same the company's products to its financial stake of more than 5% of the phenomenon, and have reached more than 10%。  Specifically, Ampang Insurance's "traditional products" held by China Merchants Bank 10.72% of the shares; Ampang Insurance's "Healthy investment portfolio", "traditional products", "traditional" were holding Minsheng Bank 6.49%, 4.4 and 56%.49% of the shares, the total stake to 15.54%; DS rich life Life's "traditional products", "capital", "universal H" respectively held by Shanghai Pudong Development Bank 9.47% 6.01% and 4.33% of the shares, a total of 19 holdings.81%, the highest proportion of bank holdings of financial products; In addition, PICC's "ordinary insurance products" and PICC Life's "a risk bonus", "universal insurance" were held by the Industrial Bank 4.56%, 3.86%, 2.28% of the shares, the total holdings of related parties 10.7%。These products are found in the top ten shareholders in the bank。  Guard against financial risks with conducting business difficult to see the proportion of equity held by banks overrun financial products all insurance funds。Why risk capital so banks prefer?South China, who asked not to be named, told the "Investor News" reporter, currently half of bank shares listed dispersed to the venture capital opportunities, many of them are party funds coveted banking license; secondly, bank stocks overall valuation is not high, getting good earnings expectations, the banking sector in 2017 rose more than 14%, has become the subject of venture capital chasing investment; moreover, bank stocks are mostly large-cap stocks, funds can be achieved placards and not that much, regarded as one of venture capital。  In fact, rumors of consolidation of venture capital holdings of banks have long。Earlier media reports said, as early as mid-2017 in the first half, Pong Group have left ICBC, China Construction Bank, Agricultural Bank of China listed the top ten shareholders。In November the same year, market rumors the regulatory requirements in Ampang Group transfers the Minsheng Bank and China Merchants Bank shares, the stake to up to 5%。To reduce the impact on the market, the regulatory authorities recommend Pong Group by way of withdrawal or non-public holdings。Currently, regulators are helping to find the right Ampang stake then set side。  In this regard, CSC analyst Yang Rong in the study reported that regulators intent on the one hand is to reduce the likelihood of financial risk of infection with the industry, on the other hand is an investment in long-term value of the bank's funding guide。  While rectification, regulators, commercial banks are also shareholders of the non-compliance of the credit limit has been restricted。Circumstances require commercial banks before the completion of the rectification, not a sequel or a new credit business, aimed at implementing the association between listed banks and shareholders to prevent transactions, transfer of benefits。  Although all parties involved are on the rectification to remain silent, but the industry still believe that this is conducive to the development bank。"Regulators will set the 5% of the placards line of financial products investment ceiling, both to prevent a similar re-staged 'Po Wan dispute' highly leveraged takeovers, but also reduces the risk of related party transactions between the bank and the shareholders of。"The analysts said。  Related reports

Old Ai Kan shares: gold dog miserly wish you all a big fat New Year!| Old Ai | tape | stock

  Text / Sina Finance chief commentator Ai Tong Ming [] micro-channel public number: Old Ai Kan stocks continued to rebound today, but there have been twenty-eight style conversion, as the representative of the SSE 50 blue chips led the GEM under the influence once turned green seesaw。
  Today, the major indices have appeared finished lower, leaving a long shadow on the line, in fact, the reason is very simple, look at the volume will know, today's turnover has shown a significant decline, and last week's high point reduction compared to one-third。
This amount is not able to support a sustained rebound, coupled with the outflow of hedge funds before the holiday, finished lower is normal。
  Tomorrow is the last day before the holiday, faced with the nagging question of ownership or hold out for the holidays, these two days is in fact repeatedly said this thing, if placed before such as New Year's Day, the old Ai would recommend everyone holding festivals, because the market is low, the outer disk is relatively stable, new year, a relatively high probability of a good start, the trend after the new Year's Day to confirm this。   But the recent turbulent outer disk, US stocks plummeted, although these days the US stock market stabilized rebound, but can not completely exclude the possibility that during the Spring Festival fell again, after four days of US stocks is not closed (to February 19 United States President's day, closed one day), Hong Kong on February 20-21, there are two days of trading。
  During the Spring Festival, our own fundamentals are generally lacks something, after all, the government should leave, mainly the outer disk, the most important thing is the trend of Hong Kong stocks followed the trend of commodity oil, metals, gold, etc.。 It also requires us to pay more attention during the Spring Festival, if there is a substantial rise or decline in the market, it will have an impact on A shares opened after the holiday。
  US stocks from the past decade's trend, during a drag on holiday we primarily in 08– during the 2009 financial crisis, after US stocks bull market is gone for nine years, for we basically did not cause what drag。 However, due to the recent slump, it can not be ruled fluctuate again during the Spring Festival, so if the full warehouse holding festivals, there is still a certain risk。
  But the risk is always on both sides, if the external disk did not fall during the Spring Festival, but rose sharply, A shares gapped sharply after the holiday, and if do not have positions, there are also risks Ta。   So then again, how many positions you have left the holidays depends entirely on how much risk tolerance, is aggressive or conservative。
For external disk for accurate prediction is not tricky, to establish a scientific model of trading according to their investment style is the most reliable, but also in the stock market in order to survive long-term。
  If you plan to hold out for the holidays, nothing to say, want to enjoy a risk-free return vacation, whether bonds or reverse repurchase Monetary Fund, today is the last day, did not buy the operating funds to keep waiting for after the holiday on it。   As for holding festive, recommended to hold steady trend lower risk of major blue chip varieties, or small and medium-invasive blue chips inside。
Although there have been recent blue-chip callback, but that is the mainstream varieties, and the current is low, as a rebound after the holiday leaves room today twenty-eight led blue-chip conversion, is a signal flow of capital。   Today we expect the volume will shrink further, and the prices will be very light, there will be a final group of hedge funds out of the market demand。 So tomorrow there will be intraday lows, holding festive Jiancang want, you can look at opportunities for bargain-hunting。 But overall, not a lot of callbacks, smooth ending ending Year of the Rooster market, the probability is quite high。
  Finally, I wish you all Year of the Dog down!Gold miserly dog, a lot of money!Catch limit every day, every day riding a bull stock!  , I want to join the old Ai VIP group?Please pay attention to micro-channel public number "Ai Kan old shares" (laoaikangu), under the name search or scan to Fanger Wei code。

There are four signs, indicating that your blood too much garbage (1)

  With increasing age, the blood will slowly accumulate some "junk"。
That these "junk" if not cleared up, the blood flow will not be smooth。
Blood viscosity, it could easily lead to blood vessel blockage, and even lead to cerebral thrombosis, cerebral infarction and other diseases。
  Blood viscosity also called blood thick。
Called the high viscosity hyperlipidemia in medicine, the elderly susceptible, can be diagnosed through blood rheology examination。And when the blood started sticky, not able to detect it。
If the following four symptoms, vigilance in respect of the。  1, it will be dizzy in the morning, waking at night with high blood viscosity people get dizzy up in the morning, by noon time will be better, gradually beginning to return in the evening sober, spiritual values return to normal。  2, waves of eyes to see clearly, usually paroxysmal blurred eyes to see things okay, but a long time will blur the waves, see the。
Because the blood is not sufficiently viscous to the optic nerve nutrition, the optic nerve and retinal transient ischemic hypoxia, so there will not see anything for a while。
  3, drowsy after lunch after the normal noon meal will also feel sleepy, but people with high blood viscosity must sleep in about one to two hours after lunch, or a whole afternoon will be very spirit。  4, chest tightness, shortness of breath when squatting high blood viscosity people are basically fat people to be more, squatting slightly difficult。Squatting will feel chest tightness, shortness of breath while I work, because the blood back to the heart while reducing squat, plus blood viscosity, slow blood back to the organ ischemia leading to difficulty in breathing, chest tightness, etc.。
  If you show more than two symptoms, it's time to take the appropriate measures。Thick blood lipids, blood viscosity Assembly lead to cerebral insufficiency, cerebral arteriosclerosis, cerebral thrombosis, cerebral infarction and other complications and even require active comprehensive conditioning, including drugs and diet to improve the conditioning of life, to avoid the occurrence and development of complications。
  Suitable clear the blood vessels of food 1, Su Su sesame oil and sesame oil is currently the highest known food omega-3 content in the world, the content of omega-3 (α- linolenic acid) can reach more than 65% omega-3 content in olive oil 80 times。α- linolenic acid can be plasma neutral fat (cholesterol, triglycerides) reduction, it is possible to promote the reduction in blood pressure, thereby inhibiting thrombotic diseases, myocardial infarction and cerebral infarction prevention。
  2. Salmon Salmon is rich in unsaturated fatty acids, can reduce blood fat and cholesterol, prevention and treatment of cardiovascular diseases, two meals per week, will be able to suffer a heart attack probability of death by one-third。  3, eat rich Soybean lecithin, which is an emulsifier, blood cholesterol particles become smaller, and kept in suspension, is conducive to tissue lipids through the vessel wall are utilized to reduce blood cholesterol the improved blood viscosity。

[Expedited] Federal Reserve to raise interest rates as scheduled brokerage rushed Comments: whether China's central bank will follow up?

  Beijing on March 22 morning, hiked interest rates by 25 basis points to% -%, and is expected in the coming months inflation will accelerate。
This is the first time the Fed to raise interest rates this year, Powell also served as chairman of the Fed's first rate hike since。
In addition to the Fed's 2018 median annual interest rate forecast has not changed, suggesting interest rates will still be three times。 But its statement show that from 2019 to 2020 will be even more steeply in mid-hike。
  Federal Reserve monetary policy after the end of the day regular meeting issued a statement saying the US job market has continued to strengthen, economic activity has been on steady rise。 In recent months, employment growth has been very strong, the unemployment rate has remained at low。   Since the start of the current round of Fed tightening cycle in December 2015, it has been raising interest rates six times。 Last October, the Fed also began to shrink their balance sheets。
  After the interest rate decision announcement, US stocks lower, the S & P 500 was down%; Dow fell%; down%。   US 10-year rose%, down slightly%;% rise; rose over 3% (,) Xie Yaxuan that the US economic fundamentals is the main support for the better interest rate, especially the CPI has 6 consecutive months at 2 % or more, the core PCE has for three consecutive months remained at%。 The recent re-adjustment of stocks and shares land through inflows may have been significantly reduced its specific performance。 In addition, Sino-US trade war is expected to continue warming may also affect the level of inflation in the United States。 The news came from the US point of view, the Trump trade protection policy may no longer be a simple "show" particular concern "301 investigation" of intellectual property protection, which China exports to the US accounted for a relatively one of the high electronic chips, high mechanical and electrical correlation, if the final results are not conducive to China, the United States itself inflation may also play a role in lifting, which may also be the year the number of variables。   Tianfeng Securities fixed income Sun Binbin that, while the current position is still the year to raise interest rates three times, but late last year and compare this bitmaps interest rate situation, there are clearly more of its members support raising interest rates four times, basically forming a flat rate three times to raise interest rates to support, so the Fed to raise interest rates overall attitude tends to be "partial Hawk"。
  Whether China will follow?  Since this clinches Fed rate hike, the market focus focus to the Chinese central bank body, the central bank open market interest rates at the tune it?  "We see China's monetary policy is mainly based and financial situation, we have to carry out comprehensive consideration。
"Yi Gang Central Bank press conference in the national 'two sessions' held in response to the case。 Yi Gang was March 19 to take over as central bank governor。
  (,): China's central bank to raise interest rates is not the necessity to follow, even if the impact is limited to follow。
  We believe that the current China's central bank necessity to follow the Fed rate hike is not too great。 On the one hand, the economy is a big country, enjoys an independent monetary policy, the United States last year following the major concerns in the open market to raise interest rates in the devaluation, interest rates to stabilize the exchange rate。
However, the current sharp depreciation of the dollar, the RMB exchange rate appreciation, without the need to stabilize the exchange rate and interest rates。
Second, from the domestic economy, inflation trend, although coincident indicators of investment growth rebounded, but the agency leading indicator of financial growth fell sharply, inflation expectations fell to two-year low, inflation is down subsequent economic pressures, the central bank raised interest rates lack of necessity。
Even if China's central bank last raised the selected interest rates open market operations, we believe the rates are very limited, the official central bank interest rates are still much lower than market rates, it is difficult to have a substantial impact on market interest rates。
  (,) Fixed income, principal analyst clearly: OMO central bank will raise the interest rates or CITIC Securities research team obviously think, from the point of view abroad, the Fed in March to raise interest rates in line with market expectations the Federal Reserve to raise interest rates in March as scheduled reflects the US economy faith is increased。 The market had been expected to raise interest rates four times did not really fall, but this rate hike bitmap view, the possibility of raising interest rates four times higher than the previous increase a lot。
From a domestic perspective, the fundamentals stabilized, deleveraging continued to advance, or the central bank will raise interest rates OMO operations。
In terms of our support for the first half of this year, the central bank may raise benchmark deposit and lending rates, the asymmetric rate hikes may be one of the options the central bank operations。
In terms of international policy cycle, the economic cycle and interest rate distortions, China's bond market is still under pressure。
Therefore, we insist on the recent 10-year bond yield to maturity will remain%?4% range, and it is expected to gradually rise to 4% of the judgment hub。
  (,) Chief Analyst: China's central bank might set the official benchmark interest rate hike following the Huatai Securities chief analyst Li Chao believes that China's central bank may raise interest rates on benchmark interest rates following a given official。 He believes that the US interest rate with bond spreads continued to narrow, and has a 3% inflation in February the central bank to raise interest rates close to the threshold, the domestic economic performance than expected, creating space for the official set the benchmark interest rate adjustment。 From a technical point of view, this week, the central bank increase the amount due MLF sequel, it means that next week a high probability renounce the use of MLF rate hikes operation。
(,): The Federal Reserve to raise interest rates in order to feed our "new rate hike" follow 5-10bp concerns about whether the country's central bank will raise interest rates to follow。 Overall, the new adjustment OMO interest rate hike will replace the old interest rates adjusted deposit and lending rates, while the Fed rate hike the central bank will provide a better window of time, the new year is still room to raise interest rates 15-20bp, and to follow the style of the times to raise interest rates slightly。 This year the dynamic combination of US debt and the dollar as the key, up-than-expected US yields, the dollar stronger-than-expected combination may be the largest interest rates up the risks。
: Ways to strengthen capital controls to maintain stability if China's central bank to raise interest rates to follow up, there will be two risks: first, the market is prone to burst the bubble, a direct threat to the stability of the financial system, easily lead to systemic risk。 Second, small and medium enterprises as the representative of the real economy, credit availability and cost of capital will rise further, hit the real economy。
  If you do not follow China's central bank to raise interest rates, due to changes in interest rate levels led to capital outflows, devaluation。
Interest rates and exchange rates will adjust passive, there will be a certain degree of volatility, affecting the real economy and financial markets。
  In the current Chinese economic transformation and foster new momentum in the background, the best goal is to keep interest rates and exchange rate stability。 Then there is China's central bank to deal with two tools: first, in the unlikely triangle high probability to sacrifice free movement of capital in return for interest rates and exchange rate stability, to strengthen the level of capital controls。 Second, in the financial markets through targeted operations, under the conditions of maintaining the overall monetary policy neutral, increase the cost of capital outflows。   From the overall market, the Fed rate hike will affect the long end up interest rates, thus limiting the height of the global valuation of risky assets。
From the point of view, if we adopt ways to strengthen capital controls to maintain stability, the smaller A-share market have been hit。
  From the industry perspective, there is the Federal Reserve to raise interest rates lead to upward pressure on the dollar, US dollar revenues for the benefit of export-oriented industries and large holdings of dollar assets industry, otherwise damaged。 There is the opportunity to electronics, textile clothing, overseas project, the state of large banks and other industries, and other industries there is pressure。
  Chief Yuping Kang: China will not take the initiative to follow the pace of US interest rates Yangtze chief economist pension Yuping Kang believes that smaller Fed rate hike impact on the Chinese economy。
From a domestic perspective, if not a series of policy measures to financial regulators intensive introduction of domestic monetary policy should be consistent with the United States。 But the current domestic policy with the United States in the reverse state, especially domestic financing rates remain high; the country does not want a huge loss of foreign exchange reserves resulting impact on the economic and financial security, therefore, China will not take the initiative to follow the footsteps of the United States to raise interest rates。
  : Fed to raise interest rates or increase the likelihood of the central bank to raise the benchmark interest rate Yang Delong believes the Fed to raise interest rates for China's economy faces little effect, may increase the likelihood the central bank raised the benchmark interest rate。 The current domestic economic data show that China's import and export, industrial added value and other data surpassed expectations, inflation rose slightly。
For A shares, the Fed rate hike has little effect, remain at the level of range-bound, while the consumer sector and the White Horse shares may form wheel drive, bring structural market。   China rate hike impact on the market 1, the stock market investment securities Xieya Xuan pointed out that the interest rate for the United States as well as in terms of equity assets are likely to bring a significant negative impact, the recent re-adjustment of stocks and shares land through inflows may have been significantly reduced the specific performance。
  From the historical data, Fed rate hike impact on A shares is not very clear, A shares are still run by its own laws。 Take a look at previous Fed rate hike before and after the A-share trend: 2, Kyushu securities Deng Haiqing bond market that the Fed rate hike, China OMO interest rates may increase or may not increase, but whether or not transfer shall not affect the bond market bullish tone; possible increase may not increase, it will raise short-term impact on the bond market, but because of money market interest rates are much higher than deposit rates and lending rates comparable, and therefore deposit interest rates will not change the pattern of long-term debt cow 2018。   3, the RMB exchange rate in terms of the RMB exchange rate, (,) division Li Liu Yang said that the People's Bank may be raised slightly as the open market as interest rates after the Federal Reserve to raise interest rates in December, so the Fed rate hike may not change the shock consolidation pattern。
  Securities executive director Zhang Jun said, whether it is three or four times to raise interest rates hike is within market expectations, the economy and the market will not have too great an impact。 Fed rate hike will not significantly improve long-term debt interest rates and the dollar index, so little effect on the exchange rate, expected during the year, while the Federal Reserve continued to raise interest rates will not have a significant devaluation pressure。   4, the property market mortgage interest rates expected to rise E-House Real Estate Research Institute Yang Hongxu that: At present, the country's first suite of lending rates climbed to an average of%, equivalent to the benchmark interest rate times。   Above the level of interest of the whole society, as well as taking into account the accelerated pace of the Fed raising interest rates, then the 2018 first mortgage interest rates will continue to rise。
  Even product yields in excess of 5% of the bank to the buyers issuing% or less in mortgage interest rates, became Kuibenmaimai。   As for the two sets of mortgage interest rates go up more space on。

Bulls reach a deal Pelican 4 people!17 + 6 Artillery averaging together the eyebrows

  Beijing on February 2, according to reports fertile God, pelicans and Bulls team has reached a deal and get a power forward Nikola – Mirotic。   The deal, the Pelican team sent Asik, Tony – Allen, Jameel – Nelson and a protected 2018 first-round draft pick, in exchange for Mirotic from the Bulls, a second-round pick and the right to trade second-round pick in the 2021 NBA draft。   After completion of the deal, the Bulls are expected to cut Tony – Allen, while another veteran Nelson to be decided in the future of the Bulls。
  It is reported that the team agreed to guarantee Pelican Mirotic contract worth $ 12.5 million in the 2018-19 season was a key factor in the deal completed。   In fact, Pelicans and the Bulls earlier this week the deal was almost complete, but the Pelican team did not agree to perform Mirotic next season's contract option, so Mirotic and his agent rejected it transactions。
  Mirotic played for the Bulls this season, a total of 25 games, averaging minute debut。 You get points rebounds and assists。
  (Rosen) Disclaimer: Sina exclusive articles, prohibit unauthorized reprint!。

  • 1
  • 2