A love song, how many memories

Time, meaning people can really understand, always feel happy when fleeting; Xiaochou, he just slowed down every detail, good lingering!    Morning, warm from the laborious climb out of the yard, this winter air seems to already ready, I headed toward the body.Can feel the cold to prove that I’m sober, sober today is to know when.    Singles, how fashionable festival!I do not jump on the bandwagon, but since is still a bachelor.    Open the music, playing the song “single songs”.Indeed timely, could not help but sing together, “catch love, I always sit and watch her flowing.”.    After listening to a song, turn off the music.I’m afraid!This fear of untimely song hurt my god.Quiet, quiet enough to hear the sound of your own heartbeat, trying not to think, I have not had a bachelor’s Singles – may indeed bachelor!This time, the mood, how the enemy it, do not teach a person Reviewing the past?    At the time winter is still so cold, I like the cold that time.She often put my face in my ear hug me, speaking words of love.That scene, how so clear?The sound of breathing I can hear now, she sat in front of me, but how can I not touch.Her smile, slowly, slowly dissipated in the air.I started to panic, shouting themselves hoarse want her not to leave, but how the?At this point I actually no sound.I sobbed, sitting in the corner, looking at those in front of our past bit like playing as a slide, and then they gradually away from me, I can not catch them, really powerless!    I know that the past is the past, have become in the past.I do not want to forget that part of our beautiful memories of past love.In fact, today not only think, but such a scenario, rendered me sad.I hope you are not bachelor’s Singles.During that torn apart by secular love, I will be deeply in my heart.

A book, a person

Book a humanities / ordinary root whim the other day the wife said to read a book, I want to find a good point of this book to her.Open their own bookshelf and saw a brown paper bag with yellow book, the only one, I took full enthusiasm to tear that old kraft paper is a light new “Prose Collection”, he exudes the fragrance of ink, worthy fragrant than the girl’s body.    Yes, it is a female classmate gave me.She and another girl who sat on the seat in front of me, although we are from morning till evening, but rarely speak, and occasionally say a few words after graduation is to do like, though she also asked me a few questions, but I have not answer them, because her performance is better than me.    When graduation fast approaching, one day after lunch I returned to the classroom of a person reading a book or something on the seat, while she came in, blushed, looked back into my hands a book.I saw a qing prose, music, and asked her how she knew I liked qing, also thanks to me she library.Her cheeks flushed, whispered was sent to me.We did not come in the same table, I smiled innocently asked her how to send the book to me, her face more red, hesitantly, looking back not for me.I did not think about, such as less force opened the book and find the “rush” the article reads.Wait until after I put the book I like to read the article, she talked to the cover sheets of brown paper wrapped with many of my own to buy the book as a collection, never come out.    The following days are still clear cloud, I still complain about every day life always goes too slow, pinch refers to the advent of computing graduation.And not because she gave me the book deliberately to her good.She also remains unchanged, the campus quietly as white gardenia, quietly opened, exudes a touch of fragrance, never to me in full bloom.I sat behind her, glancing occasionally have distracted her innocent neck, but did not dare dash.I can not say I’ve never been to one girl cherish a good impression, but never have too unnatural for her, indeed, she looks good, but not what I want the kind of.Life would have a infatuated, sorrow was not related to the wind and the moon, the same day also like Miluo River flowing forward, smoke, water ripples.    Years later I was doubly lamented after school twice she told her grandfather’s name inadvertently, she said that their grandfather is an old Chinese medicine with a name, if I went to her grandfather was very good looking.The first time I did not seriously, the second time I innocently turned to stiff smile I do not want to go to the doctor what your grandfather.She seemed angry, say doctors improper Is it not get sick ah.We laughed at the same table, she blushed, my heart is still a blank.    Soon to graduate from high school, each other a treasure I have never met.In a flash, almost two decades, talk about it with his wife, she laughed, I laughed a little stupid, and said that maybe you were a little Emmanuel is now a well-known traditional Chinese medicine, the child almost two years old.What can I say?As I read qing “rush” as “swallows go away, come back again, willow trees, there are green again, peach blossoms fade, they will flower again,” but our youth but birds never came back to.    Maybe when she puppy love, silence really liked me, but I was young and frivolous, and pursue the kind of clear cloud Piao Yi, missed once in my life wonderful time.Until 20 years later that I suddenly understand that we are not young when not to love, not without love, many times we only care about their own pursuit of love is unconscious ignored the crowd who quietly watching our eyes, silently irradiated upon us love!    2011-12-30 one o’clock ordinary roots, formerly known as Hu Zheng root, Hunanpingjiang people, since the number of people Momoyama winter, micro-channel 759 417 672

Ying eye tears, the smiling

The night, long Acacia, Acacia heartbroken hurt.Sprinkle pure, bleak month, conceal his heart cream.Xu Xu Qinghui shade the flowers are cut into messy Montreal Star, paving gently, safely stare, without the slightest sound gentle enough to disturb the night.Lonely quietly up the hill, instantly filled the entire horizon, so Dailv barrier laminate into the fog cloud of dust, such as lotus sleeping in Jingyesi melody.At night, you can not see the clouds, yet the soul of a drop in the clouds.With the breeze gently floating, drifting bloom, little condensation Xinyu.At this point, not the south of the Philippines amidst the extravagant, nor bridges garden.Yes, just do not move do not shake posture accompanied by feelings of no sorrow without joy.Contains gentle poetic mind, but could lack the vocabulary, it can not bare to soothe emotions cloud half thread.I want to use poetic confession, shuttle love between heaven and earth, brewing a picture friendship.Persevering dry eye cloud, impenetrable barrier darkness, blink sight Polaris.Not a guide star, dazed as I sink blind darkness, sinking countless sleepless dream.Think carefully listening to a plum blossom, a difficult Gumian get sparse, two tone often get old dressing, three get round the moon moment.However sad, fold Jizhi plum rhyme fragrance, co-author of the heart, wine collection.Italian state tipsy, flush slowly occupied by the parotid gland, rendering a sluggish half awake, humming everlasting love songs, and let the tears fall fundus abundance, instant wetting fingertips, fireworks annihilation March day.Que pen residual semi-chapter, the words can not be continued.Heartstrings night tease, Shelf ink Yan, flick past lingering song, at heart, this word when singing, singing the ups and downs, although the situation has done but love thicker.I want to force myself to forget the idea to some far-fetched, but not control, not to think, from the roundabout, on the night Shengeng empty vault.One hundred thousand turn to read thoughts, think that water roundabout raid, and had intended to spend puzzled.Back and forth in the water, how much depleted the Red earthly.Acacia mildly, feeling faint sigh, blame the water is gone I do not know, or love watching dish Rui Huan, alone, heart-breaking to go hard.Heart does not always their own will, would like to forget, remember the deeper, want to cry, but no tears.Only hope for that to follow the flow of Lemna minor can bring blessings, read a thousand miles distant Iraq safe and sound.Flowers, thanks, next year will be re-opened; the moon is full, the missing, the coming year will be another round; people do?Dependent, scattered, next year we will be together again?Still beautiful country, people still difficult.Sad and success or a failure, but also quickly pass.Demanding the freedom of flying once a brighter future, away from the hubbub disputes, giggle frivolous.Later, I found it was just a beautiful dream, a stonewalls in the romantic dream.All the love, are no match for a cup of bitter liquor, drank, the love of it.Iraq to sunrise, the king left the twilight, a ridge early frost, buried thousands of worry.Furui, water still last only a deserted without ulcers.Chill fragrant, bone fragrance far, with snow and windy, Liu Jing speechless.In this case, although the hearts Huoshaohuoliao, snow and independence can only diffuse Pina.I remember saying Chan Yu: “When the water is ice cold, when warm water ice, nodal deliberately when fans when Wu Rong heart by nature.Buddha is often the heart is impermanent. “.Water ice are nothing but a form, and the warm winter is just another form, the form itself does not change, only change their stubborn.I read Buddhist excluding their own perception, Buddha, meaning the eternal nature of mind, their own original mind.The night, their love, tears surplus pupil of the eye; at night, thinking long, the smiling; if it destined to meet again in future.

Perhaps, we really did wrong

When people did not want to write some of the more uncomfortable language, but whenever some of the ugly phenomenon of so unbridled into my field of vision, I could not help but open the computer, playing some text there is no intention in the heart of Jianpanshangqiao, and the only hope for is only hope that we can recognize their mistakes, and nothing more.    Today went to the post office in a circle, wanted to withdraw money, but too many people queuing.But unfortunately, only among those crooked into a queue.Just at this point, a young man dressed in clean, standing in the front of the spit a clot of phlegm towards the ground.In fact, the ground here is very particular about, all close with high-quality ceramic tiles, will be the occasional beam of light it reflects glare.However, we also find on the floor of the “paper balls”, if I remember correctly, such a scene in a public place in other cities I have never seen.At that moment our eyes confrontation, he even smiled, smiles on their faces, as if nothing had happened.My heart went cold a big half.So I left and took the team to leave the place just money transactions.Hongsipu, first arrived here, in the summer of 2005.    At that time it was still sucks, sand all over the floor, the road is bumpy.In fact, this is not regarded as the most frightening, even more headaches is that as long as the wind blows, how sand can not hold back.Windy in front of the windows shut tightly, but after a gust of wind, inside the house will still fall a very thick layer of sand.So, living here, more or less still will make people feel a little chilling.Finally, in 2007, I was admitted to the school Wuzhong.I left here, and rarely go home.10 years, he entered the Ningxia Teachers College, nor how to return home.Qiazhiyisuan, there have been seven years did not take the land of the watch.So special smoked an afternoon, go on to uphold this long-lost land, up close contact with him, feeling his change of mind not help the breeding of thousands of grateful admiration.    I saw a wide asphalt road strip; saw into the film into a piece of trees, lawns; a seat to see where they stand tall; see a place for a relaxed; even saw in my junior high school that when planted three trees have grown up.I’m sure that has changed more than just these, but these are just as determined to a fairly young man can feel to the.I even told my father and said this: Hongsipu of a not very important streets of the main street to be much wider Bixi Ji.Father looked at the flat road, did not say anything.I know more about him than I do here, he has seen it all happened here.The same is that we all laughed.I know, this is the joy, pride.    However, I see, in addition to these, there are some.Almost all traffic lights placed at each intersection, but is always someone run a red light, there are some “Speed” race, so car and affectionate people, cars and car affectionate phenomenon is not uncommon.Sometimes there will be people who lead the car over-affectionate decomposed horrors.At the same time as a life of regret, we have to think that we are not really wrong!I saw a man-made lake, I heard that in order for people to relax with.But at the same time, I also saw play out on television with children drowned bad news.So what exactly is so that even a few children lost their lives prematurely??Mismanagement, inappropriate or discipline??As the school bus events, originally to give their children a positive impact, and why in the end, but deprived of the child’s life??We have to think.Bus schedule is a lot, but also more humane, the role of shade rain, I had also once been much appreciated this end, claiming that even the Wuzhong bus schedule are not so impressive.But why was the original site of the bus schedule straight tilt the body?Why are there a lot of glass were broken?Why the above is also engraved with the words heinous?I also saw some children go to special schools folded iron plates on the fence; see eleven-year-old juvenile mouth smoking; no one else saw the kiss me; see.To be honest, I like and love this land, because in just a few years, he allowed me to see life, to see hope.However, there are always several painful memories make me sad, in fact, these, we can change, is not it?Just when they are at fault, we have no honesty, I was not wrong to do so, which is not sub-standard quality of their own inherent moral requirements and external behavior is not unity.Perhaps, we really did wrong.However, as a person living on this land, we do not all want to do better and better here??    2012.8.5

Expand sleeves, spring appointments

[Spring] overlooking the lake switchgrass has thrown a new green, wilderness, footsteps of spring is so light.Head of the breeze blow gently blowing my hair, my Qunjiao, in the misty smoke waves, I heard the songs of spring.Fengyun restless heart, listening to the gurgling streams flowing water, spread upward with sparse forest shadow elegance, in much enamored of the landscape quietly waiting for the encounter with the spring.    Behind the winter, I always keep a place in the plum fallen, graceful figure eagerly looking forward to the spring, looking forward to stepping on the snow of early spring lightly from the willowy.Spring is really can not tell their own how nostalgic, I only know that, no matter what year, what season, one day, every dream, I want to hang around in there removed the joy of spring, there is a place on the peach blossoms.    Even four weeks Yepiao Ling, flowers wither, King Depression, my heart always carrying a Taoyuan, filled with Spring garden.When all things in the winter lean into the lonely back, I would still choose the old spring in the light, hangover.I will be in accordance with the window frames spring, very thick Flying Butterflies, fluttering cluster of sweet; Yaokan flowers swaying down to the ground poetic.The depths of every season, I have some whisper of spring; every road leading to the spring, the spring must have sent me a love letter.    Blowing a willow flute, hold a clear Huan, in between the mountains, waiting in the spring, hear the wind, listening to the rain, any heart in every corner of yesterday’s spring stay, walk, I often daydream Mimi “smoke water early pin see thousand, ten thousand east wind Liu oblique”, “spring Pitt in the day, every ship sleep listening to the rain,” “the night comes wind and rain, Whispering Color”, “spring willow get soft, dark flower diameter Hong flow ” .Stand Reeds River, Xu met the poem, the deep thoughts of a winter, spring, melting snow and ice placed in place, captures a ray of plum fragrance, pregnant with a touch of pure snow, waiting for spring to send the letter willow, etc. the spring exhibition style, everywhere Birds Are Singing waiting, waiting for the peach blossoming open.    Who distant spring?Fireworks in March, Tachun among the flowers, even in the spring without a word, and I know she’s Wife.    Wind-off, sending light string sound.Do not have to look for, wrap a spring left my clothes, wearing a spring flower hat left me, at the dawn cold, my heart already meet the spring.[Spring] hand “grass sprout February day, whisk embankment willow drunk spring smoke”, the beautiful south, mountains with Dai, Feelings near water, where all the voices are telling me: spring is coming!I know this place has gradually “Orioles chaos on city scenery, spring tide at Lakeshore city” a.    Winter to spring, the home of the original landscape, the blue and white porcelain whisper even more charming, Roubo reflection in even more romantic, more quiet long paper umbrella Qiongyin.Ze’s time, vaguely see spring melodious verse to three thousand.    Flying swallows are beautiful messengers of spring in its “Curie Curie,” the sound of spring, spring curtain slowly opened, beautiful flowers bud, pleasant scenery has been on the road.Like weaving dreams, dreamer, why not gently put aside the veil of spring, a record shop white, nostalgic speech, lists of new words, Huan spectrum of music, holding hands in the spring, will speak the hearts of house arrest into the sky, the earth lavished , throw in the horizon, and threw us disappear?    The world’s most good spring, plants are into poetry.Now, no need to look for spring, because spring in every corner of silence quietly filled in around us.Do not imprison ourselves, we, together to the suburbs, go to the beach, go to the forest, listening to the whisper of spring, spring to see cruising.We will all wake up, spring tours with charm, along with listening to the heartbeat spring, together hold breeze, spring and rhythm together, dance together.    Winter elegy gradually further and further away, in the direction we want flowers, sniffing the taste of the sun, at the season’s Fangfei, a Zen enlightenment, do not sigh Yela, just waiting for flowers, so all the mood in the spring flowers bloom, let all the passion for flying in the spring.Let’s story caught the most beautiful spring colors, through love affair, through fleeting, step off the elegant dance limp walk.    In flowers blossoming period, the read element is intended to hang in the branches of the spring, away from the earth noise, Xianbu spring, clear gel is dipped in the ink, and evaporated sum smoke flow length; Stir a line twist, a embroider years of quiet good pieces.    [Date] Spring Spring is outspoken, is charming, is the style of thousands, this season, I want to put on a beautiful Qunshan, Shu wide sleeves, dating in the spring, I want wine for years of fine chemicals for drinks , tipsy time.    I want to lean on the Old Bridge, Sheng a spring, umbrella ajar, lupine jiggle, listening to the wind tells the story of the south, quietly watching spring green river Nanan, look at the ancient city of green lawn.In the jointing sound of spring, I will deeply embrace all spring, according to the water and song, and dance the Wind.    Spring, with her tenderness warmth of my life fireworks.I will not live up to the spring, if they can, I would like to become butterflies, rippling in the spring season, with gentleness flying out of a beautiful arc; if they can, I would like to become a cloud, wandering in the spring season, pious attitude to write out a part beautiful poems.    ”In case of make the best joy, I love spring non-exclusive”.Starting today, we, three thousand black hair gets unlimited sunny, with a support Fine Zen cloud water, the spring embedded in books, since then, holding the spring, only chic beach-goers, not knitted brows blind people.Let your heart, always in the spring bloom road; let love, always eat only a little in the spring.    ”Spring complex passionate, blow me Luo Sang open” as long as the heart of spring, spring will never away.If you can, I would like to wind sneaked into the night, listening to rain run things, listen to songs spring riding; if you can, I would like to wind blossoming branches, watching spring exhibition style, look at flowers sequential open.    Flowers and grass a Xianxin, air, water, customs intelligence, if you well, is sunny.”You’re standing on the bridge looking at the scenery, watching the scenery to see you upstairs, moon decorate your window, you have decorated the dreams of others.”I believe, the most beautiful scenery, has been on the road.I believe, I yearned for flowers, subtle fragrance surplus sleeves lifetime.    Come!And I with it, always focussed spring, safely fleeting.Treasure this spring shadows on a curtain, a verdant, sunny season, let the flowers of love full of earth, festooned every moment of our lives.Long years, submerge a pool of bright spring dance a tie ink clouds, wind chimes strung together to dream, to integrate into the life of Thanksgiving, woke the sleeping passion, waving away the old melancholy.We, stepping spring streamer spread invisible wings, together with the spring flying, gliding along with the spring.Wen \ rain robe solo, medical workers, Shanghai Writers Association, QQ1904223318 rain robe solo collection “half-curtain misty rain” and “deep cloud water” has been published, third anthology “warm gently touch the fireworks,” 2016 end publishing.

Caprice rainy night

To pull down the drapes, a trace of the gap through the glass window of the west wind, the cold pierced bone marrow filled the whole house, really already freezing over.Boiling day in the city like a really frustrating tired, tired to collapse in the dim twilight of confused street lights in, like most of the specter of a very tired in the heavy breathing. Dim street lights wearily lit, the rhythm of winter rain filled the sky, covering the busy hustle and bustle of the city, the opposite direction to the rain, rain and urban feel with grooming, shed a cumbersome things, the heart they are just like the night sky like this open.Drizzly rain, soft car shrill whistle, feverish notes floating down one place, quiet, peaceful. Really like the dark, like the kind of hazy night, there is only this dark night in order to cover up the ink earthly vanity, depression manic bustle; only that the dough the night, in order to give those weary soul built in one night only the arms can feel secure warm nest.Really like the night, like the pure black, the only black can be rubbed off the mundane earthly sun shine on exposed water chestnut.Huddled in the shadow of this black unmanned spy on the corner, at ease with the Magnificence faded coat made bare his own carefully hidden wounds let the night gently stroking slowly healing.This vast expanse of the night, like most of the long-lost mother of the infant, let go of the arms at night, sentimentally attached to a secure, I want to wake up sleeping. Perhaps, I am not eager for the night’s black, but went way too long, all the way along the muddy thorns, I am really tired.Standing on end rings look back, laugh, cry, worry, sadness, blooming into a flower blossoming scarlet color, such as blood in the glow Yu Yang’s messy into a rocky road from hope to despair, mottled pre-existence, confused later.Those who can not face blurred, can not forget those old things, light and shadow in a messy gradually clear into Remy’s face ferocious roaring everywhere, ripped camouflage I desperately wants to ignore, let me run away! So, chaotic thoughts such as hemp, black brushed night only hope the hearts of unspeakable panic.In the overwhelming gradually enveloped over the night, abandon all thoughts, imagine the body of every molecule in every cell decomposition slowly released into the atmosphere, and then melt into the night boundless, heavy body will gently float, such as open night the.Tomorrow, when dawn was still dreaming, willy-nilly, we have never stood on the stationary ring time, even quivering, even lying prostrate, but also forward. Colorful say is the color of the sun, the world’s become so tender and beautiful gorgeous.That I did like the month of quiet white, black like the night, like the vain modified makeup free.In fact, really, it is not just a black night.Perhaps, really it is to have experienced many vicissitudes of things people can see, in order to understand.

Milkyway July 4 purchase guide top box purchase to be equipped with the market value of 150,000 yuan

Click to view the Milkyway 3812 the total number of issued shares, online issue of 1512 shares, issue price-earnings ratio 20.53 times subscription code: 732713, purchase price: 11.$ 27 single account purchase limit 1.5 million shares, an integer multiple of the number of purchase 1,000 shares。  [Basic information] Stock Code 603713 Stock abbreviation Milkyway purchase code 732713 Listing Shanghai Stock Exchange issue price (RMB / share) 11.27 20 earnings release.Industry reference price-earnings ratio 53 Handling and Transportation Agency reference industry price-earnings ratio (latest) 20.55 issue of face value (yuan) 1 The actual total funds raised (million) 4.30 online issue date of July 4, 2018 (Zhousan) date of the Placing under the net Placing the number of (shares) online and the number issued July 4, 2018 (shares) 15,120,000 Net (shares) the number of the transfer of 23 million old shares – the total number of issued ( shares) maximum number of 38,120,000 subscription (share) 15,000 ballot payment date 2018 Nian 7 Yue 6 Ri (Zhouwu) online top box purchase to be equipped with the market value (million) 15.00 online purchase confirmation day T-capitalization on the 2nd (T: Online purchase date) under the net purchase to be equipped with the market value (million) 6000.The market value of the purchase confirmation 00 Network June 26, 2018 Sunday (b) [Company Profile] Main: Main modern logistics industry, belong to producer services, as a professional chemical supply chain service provider with freight forwarders , warehousing and transportation as the core of one-stop integrated logistics services, as well as chemicals trading services。(Click to enter) [to raise funds will be used for projects] No. Item Investment Amount (million) 1 Shanghai Ding Ming Xiu Bo canning Services Limited standard and special tank project 150002 Bus Logistics Co., Ltd. Zhangjiagang Free Trade Zone reconstruction A, Class C (dry) warehouse projects 9935.373 Dingming Liaoning Chemical Logistics Base Project 84964 Kingman Tongchuan Tongchuan freight terminal, Ltd. freight terminal project to enhance the capacity of the network layout 54635 53746 Project New Project Milkyway chemical supply chain management platform Project 5621.Zero element 047 electronic business platform upgrade project New Project 80008 Shanghai Milkyway Chemical Co., intelligent storage logistics and safety management program 50009 10000 additional working capital investment project amounting 72889.41 excess funds raised (actual fund-raising – the total amount of investment) -29 928.17 investment amounting to more than 169 actual total funds raised.[IPO shares 66% hit new Raiders 1, what needs to play the new?  Market value is very important, very important, very important!  2, which had to fight?  Nani?White was asked this question, under the new rules, of course: all are playing, all are playing, all are playing!  3. What kind of new shares up more?  Data said small plates GEM Board。  4, to see how much they can purchase?  You will be prompted to market software。(See hardworking people here: the specific algorithm, like the original, the Shenzhen Stock Exchange to be non-more than 10,000 yuan per 5,000 yuan more than the market value may be a number。Required more than 10,000 yuan turned over to non-restricted shares, each 10,000 yuan more than the market value may be a number, the good news is that the Shanghai Stock Exchange, the market value of multiple accounts can be aggregated。A restricted shares, stock delisting, B shares, bonds, funds and other products not calculate the market value。Freeze, pledge, directors, supervisors ownership restrictions, customer credit securities account, suspended or suspend capitalization of listed stocks are calculated。Substandard, hibernate, log off the account does not calculate the market value of securities。) 5, how do multiple accounts?  There are multiple accounts (such as account opening everywhere), you can only choose one account to purchase, otherwise invalid accounts in addition to the first declaration of outside。  6, the ability to purchase on behalf of the brokerage commission?  Can only purchase their own, can not be entrusted to the broker on behalf operation。  7. When are the latest contributions?  ?Date of purchase, confirmed in the ballot, + 2 by the broker within the agreed time and your contributions in T, but not later than 24 points, or deemed to have waived。  8, found himself in the sign, T + 2 Ri and then sell the stock of money can be used to do payment?  The Shenzhen Stock Exchange may, but specifically to see how their brokerage agreement with you。The Shanghai Stock Exchange did not mention this point, estimate also depends on the agreement between the brokerage and you。  9, in a number of new shares, lack of funds how to do?  Broker and you will sign the corresponding agreement protocol do you follow agreed procedures。But do not be sad, continue to look down。  10, no payment after the ballot how to do?  After winning full payment is not deemed to have waived。Shanghai and the Shenzhen Stock Exchange but can choose to purchase part, such as the 500 shares, you can purchase 499 shares of the 1,000 shares, you can purchase 999 shares。However, if the non-payment or non-payment in full occurs three times within 12 months, to be pulled black for six months, prohibit new play automatically after the expiration of the resurrection。  11, can participate at the same time under the net subscription and online purchase?  Can not participate in the subscription under the net, can no longer participate in online purchase。  [Hit seven new common operational errors summary] a mistake: there is no where to leave the brokerage business department or accurate contact with the popularity of online transactions, more and more investors are trading through the network, with the broker and business contact the Department of alienation, the phone numbers and other contact information did not change in time to the brokerage business department or updated, resulting in a lot of communication service brokerage business department or service in the hands of less than investors。  This requires investors to take the initiative to go to where the phone or in person or brokerage business department to update their information, brokerages can enjoy the necessary services。  Failure II: a mistake in the ballot on the bin down many investors due to rule on T + 2 contributions do not understand, that everything will be fine in the ballot, just waiting to sell stock。As everyone knows under the new rules, after the ballot had to payments, no payment is invalid subscription, not only get invalid subscription of new shares, will be included in the blacklist。  Failure three: I do not know T + 2 due for payment as well as some investors forget the contributions of time, of course, some investors think they have enough money to accounts。  Under the new rules, after the ballot results were announced, investors need sufficient funds in T after the preparation required to sign before at 16:00 on the 2nd +, if the purchase is not enough money in the account, the account will be automatically deducted from the maximum amount (the minimum is 1 share), the remaining shares in the same ballot seen as investors abandoned stocks, included invalid subscription, investors will still be included in the blacklist。(Now many brokerage firms will notify contributions, but still it is necessary to know their own。) Failure four: do not understand the date of publication in the ballot regardless of whether the broker to tell the service, investors should cultivate the habit of inquiry。  The first step is to get to know how to query the purchase with numbers: when you purchase, system-generated water system account, you can then record in online trading inquiry。  For example: you purchase with No. 888888-888890。Published in the ballot number to 888 after three, the last four digits 8686 and so on, but after winning the same number after your three-digit number with three digits are 888 published, so that you will sign in 1,000 shares, or 500 shares。(It is worth noting that a number is 1000 shares of Shanghai Stock Exchange, Shenzhen is 500 shares。) The second step is how the ballot after payment?T + 1 evening can be found in the ballot result, T + 2 Ri also can check again to make sure before 16:00 purchase fully funded。  Failure five: covet low-commission brokerage inform loss of service in the Internet age, some brokers played 12,000 parts per million, or 2.5, or even lower commission in private battle, and fight these brokerage commissions, funds small-scale Investors sometimes provide only simple transaction channel service, basic SMS, telephone and other services are not available to inform。  So, after playing the new investors in the ballot, if they do not know better or forget to check that the ballot might automatically become abandoned purchase, the purchase becomes invalid。This requires investors to enjoy these low commission, rushed to where the sales department to confirm whether the ballot SMS notification service。  Failure Six: I do not know the day to sell the old shares shall be paid in the ballot paragraph It is understood that the investors know sign T + 2 to contributions, but did not really suffer from cash payments on time。As everyone knows, T + on the 2nd day of the old shares may also be sold to pay money to play the new ballot。  Failure Seven: When the same name for multiple accounts of the same purchase shares under the new rules, the same securities account under the name of the investor, even if the distribution of securities in different companies, but only in the subscription of new shares of the same, can only purchase once。

Jiang Yang: Commission delisting the company will maintain the interests of investors

CPPCC National Committee member, Commission Vice-Chairman Jiang Yang told Securities Times reporters after the economic discussion group 12, he said after the listing of companies face delisting, the Commission for Protection of investors is the same。As long as a listed company, it will follow the same rules, the Commission will firmly protect the interests of investors。Commission developed a lot of investor protection rules, a lot of market institutions will come together to promote investor protection。  Related: Jiang Yang: The brokerage enhance competitiveness depends on high-quality development of the CPPCC National Committee, vice chairman of the Commission to accept Jiang Yang Securities Times reporter in an interview after the economic group discussions, said the broker intermediary to do, we must first of its ( behavior) is responsible; second, to enhance the competitiveness of brokerage, will almost certainly be a high-quality development。  Jiang Yang: To increase the penalty punishment CPPCC National Committee members for securities crimes, Commission Vice-Chairman Jiang Yang, 10, said in an economic group to participate in group discussions, capital market investors to open an account reaches 1.300 million people, many families involved, to stabilize the social stability of the country, we must stabilize the capital market。Jiang Yang pointed out that the existing laws on fraud issue top grid penalty is 600,000, said the market was lighter penalty after penalty in such cases, but the Commission is the law, to increase penalties for securities crime penalties。  Jiang Yang: According to the rules of the new economy to support M & CPPCC National Committee, said in an interview on the 10th to accept the Securities Times, China Securities Regulatory Commission Vice Chairman Jiang Yang, support the new economic enterprises mergers and acquisitions in accordance with existing rules。  Jiang Yang: hurl Center on behalf of investors filed suit CPPCC National Committee, China Securities Regulatory Commission Vice Chairman Jiang Yang, 10, when participating in group discussions economic group pointed out that the Commission within the law for the protection of investors to do some work, set up the service center is mainly small investors regulate the market order and protect the interests of investors, on behalf of the interests of investors sue for civil damages。  Jiang Yang: to further strengthen communication and contact the CPPCC National Committee and two high administrative law enforcement agencies, the China Securities Regulatory Commission Vice Chairman Jiang Yang recommended when participating in group discussions economic group on the 10th, to further strengthen communication Procuratorate, Supreme Court and administrative and law enforcement agencies Contact to deepen multi-level capital market reforms to increase the proportion of equity financing, it must enhance communication Procuratorate Supreme Court and the executive authorities through training courses, etc., in order to achieve information symmetry; effectively strengthen judges, prosecutors understanding of the new economic team and support in the Judgment do not solve the problem fixed ideas。  Jiang Yang respond to relax restrictions index: Comprehensive determined by the Exchange based on market trends for reporters to ask questions of stock index futures trading restrictions will further relaxation, Jiang Yang said, "I think you said this situation exists。"He also said the financial derivatives market is always to develop, to adapt to the stable and healthy development of the market trend, and gradually in accordance with market conditions, by the Exchange to determine (when to relax restrictions)。  He said the exchange is the first-line supervision, to what extent, regulatory efforts to market demand and to what extent, need to be considered by the Exchange。  Jiang Yang Foxconn responded quickly I would go: experienced a complete audit program for the closely watched Foxconn too fast will things, the morning of March 9, the CPPCC National Committee, China Securities Regulatory Commission Vice Chairman Jiang Yang to Securities Times reporter said, on the enterprise level, Foxconn after a complete audit program。Jiang Yang said that Foxconn has announced yesterday, I would go, this is the Commission issuance in strict accordance with legal procedures, according to a rigorous examination of the authenticity, accuracy and integrity requirements, it must also disclose detailed information requirements and risk warning requirements, which are listed on the Commission for any listed company audit requirements。  Jiang Yang: accelerating the reform of the GEM Board to actively promote the equity financing of the CPPCC National Committee, China Securities Regulatory Commission Vice Chairman Jiang Yang this morning to discuss the CPPCC spoke at the meeting said that the next Commission's work includes several points: First, the national strategy and service a modern economic system as a guide, deepening reform public offering system and deepen the Main board and GEM reform, more support to the "four new" enterprise; Second, while maintaining the normalization of the IPO, continue to steadily promote the reform of the stock issuance system; Third, vigorously promote multi-level capital market reform, and promote three new board reform and regional equity markets, actively promote equity crowdfunding pilot financing, is currently developing a way to co-ordinate all levels of the capital market positioning division, promote organic connection; Fourth, attention private equity, private equity funds to support the healthy development; Fifth, to promote coordinated development between the bank and exchange bond market; six is to guide the healthy development of the futures and derivatives markets, crude oil futures and other smooth launch。  Jiang Yang: Last year, 419 companies achieved IPO lake effectively relieve China Securities Regulatory Commission Vice Chairman Jiang Yang discussed today at the CPPCC said in speech at the meeting recalled the work of the Commission in mid-2017, last year direct financing of the real economy further enhanced。2017 every year there are 419 companies achieved IPO, is 218.6 billion yuan of direct financing, refinancing is 800.2 billion yuan after the listing, mergers and acquisitions transactions 1.87000000000000。In addition, three new board is 133.6 billion yuan financing。He said that multi-level capital market system was further improved, normalization of the IPO, IPO lake implement effective mitigation, the three new board reform stratification and-trade system to achieve a major breakthrough。  Jiang Yang: "Chinese version of" crude oil futures both international and domestic investor demand CPPCC National Committee, China Securities Regulatory Commission Vice Chairman Jiang Yang spoke at the meeting this morning to discuss the CPPCC, said smooth launch crude oil futures this year to guide the Commission Futures and Derivatives Market one of the healthy development of the work。Shanghai Futures Exchange will be officially launched the "internationalization" of crude oil futures on March 26 to further open up to the world。This is very important for China's major strategic。It is denominated in yuan, but the dollar can be used as a deposit, so we take into account the needs of international investors and domestic investors。As foreign investors should accept renminbi-denominated, Jiang Yang believes that "this is the result of market consultation, to consider not only foreign investors, but also consider domestic investors, so we do use dollar deposit, if the day of foreign exchange to be remitted, you can always put the sink exit "。  Jiang Yang: the Commission will introduce new economic measures to support enterprises listed on the 2018 government work report made it clear "to support high-quality public financing of innovative enterprises"。Preparatory Commission as to whether the introduction of new policies to support the economic problems, the CPPCC National Committee, Commission Vice-Chairman Jiang Yang, 5 pm in the economic circles of the CPPCC members to respond to an exclusive resident Shangzheng Bao told reporters, "We will certainly be some measures。"Jiang Yang: When will seriously discuss the implementation of 'multi-level capital market deepening reform' requirements CPPCC National Committee member, Commission Vice-Chairman Jiang Yang, in the Great Hall to accept Shangzheng Bao reporter an exclusive interview on the 5th," said government work report mentioned 'deepen multi-level capital market reform, promote the bond futures market', I think this is our securities, futures, bond market development is very good, the key is how to implement the next step。"As for how to implement, Jiang Yang said still need serious discussion。  To improve the proportion of direct financing in terms of the proportion of equity financing in particular, whether working on new initiatives, Jiang Yang replied: "Yes!"Jiang Yang Strengthen the regulatory line: let the exchange said in more responsibility CPPCC National Committee member, Commission Vice-Chairman Jiang Yang to 'strengthen front-line supervision' in the Great Hall of the 5th Shangzheng Bao reporter accepted an exclusive interview with the topic:" Strengthening line regulation, is to make the exchange to take more responsibility。"Jiang Yang: HKEx is expected to launch in 2018 a transmissive regulation 4 of the CPPCC National Committee, China Securities Regulatory Commission Vice Chairman Jiang Yang said in an interview with China Finance Net and other media, China's supervision, the protection of investors is very attention, transmission regulation will help protect the interests of investors, over the years the Commission has been pushing this work。He also noted that China's capital market is a real-name system, which is the basis transmissive supervision, running down the years, transmission regulation to promote steady and healthy development of capital markets。  Jiang Yang also revealed that, during the Shanghai and Hong Kong through Hong Kong and Shenzhen through the operation, the Hong Kong market also believes that it is necessary regulatory transmissive。At present, the Shanghai and Shenzhen Stock Exchange with respect HKEx agreement reached, expected to be launched this year transmissive regulation。  Commission Vice-Chairman Jiang Yang responded delisting system reform: the Commission has just revised by Law and strict delisting system, strengthen the exchange delisting the main responsibility, the future will continue to strengthen front-line supervision?In this regard, the CPPCC National Committee, Commission Vice-Chairman Jiang Yang pointed out in the Great Hall to accept an exclusive interview with Shanghai Securities News reporter 5th: "Again, comprehensive strictly according to the law。"Jiang Yang: key support innovative demonstration lead type enterprise services for the capital markets on how the new economic problems, the CPPCC National Committee, Commission Vice-Chairman Jiang Yang said, the Commission supports the implementation of national strategies, new technologies, new industries, new format for the new model of "four new" industry, focusing on innovation, lead type, model-oriented enterprises。

Huang: Argentina Boming worried before the game "will become a ghost" really a joke +

"ID =" ENDTEXT "style =" top border: 1px solid #ddd; ">Sauna night Sports Network June 22 report: After Argentina's 0-3 loss to Croatia, 2 war 1 loss with just one point, the group stage at stake。Well-known sports commentator Huang Jianxiang has been concerned about the game, he said after the game Comments: "After seeing the starting line-up before kick-off, they worry about a ghost。Sure enough, the。But then, I publicly predicted Croatia unbeaten Oh, satisfied looking through microblogging。"Argentina's starting lineup after the announcement, he said:" The discharge of the starting lineup today in Argentina, which is either to God or to the glass slide play a ghost ah。Also a thesis writing, how to beat Croatia?Written myth, bad writing is a joke。Look to see physical play luck。 "Huang race in bursts of four micro-blog also expressed concern about the game:" Lei Biqi kicking is better than playing football。"Ah, the end of the first half wasted Modric's pass, the second half began to show the ability to play。Just that extraordinary good "," and then scored!" 'Ah, the World Cup ball since the start leading a team did not lose too, leading two balls of it……'Many users agree in micro-Bo Huang: "The Argentine team disappointed in people crying on this matter have never been disappointed。""this time……Argentina fans really can boldly say that his teammates pit, proud。"

Global central banks on interest rates ushered in the end of 2018, weeks or enter full-contraction cycle

Global central banks on interest rates ushered in by the end of 2018, weeks or entered quantitative easing, the Fed tightening cycle tenth anniversary, the world is entering an overall tightening cycle, and this week's "Super week's interest-rate" monetary policy for 2018 bring guidelines。  Local time at 2:00 on December 13 afternoon, the resolution of the Federal Reserve meeting on interest rates the central bank will open a window on the world for up to 18 hours, of which the Federal Reserve, European Central Bank, the Bank of England Bank of the three most remarkable; in addition, this week, there are ten central banks, including the Swiss National Bank, the Norwegian central bank, including the release of monetary policy。  In addition to the Fed rate hike expectations clear, analysts say, but cautious tightening bias will be basic tendencies global central banks this week。In the case of the European Central Bank may remain unchanged, and a further announcement on how to reduce the amount of purchased debt, while the Bank of England may raise interest rates next few years promise in the removal of uncertainty in Europe。  Despite the uncertainty of short-term, but as the world economy since the beginning of 2011 the strongest period, Wall Street economists expect 2018 will be greeted by investors for nearly 10 years, the largest central bank to tighten monetary policy。The largest increase Citibank and JP Morgan expects the 2018 average interest rates in developed economies will be up to more than 1%, the highest since mid-2006。  Global interest rates are not the only or preferred way to crunch。Deutsche Bank's chief China economist Zhang Zhiwei that in the past year, the global economic environment favorable, Japan and Europe to enhance economic growth, stable financial markets。European Central Bank and the Bank of Japan to reduce asset purchases, the Fed reduced tables, etc., at least reflects the peak of this round of global quantitative easing cycle is over。  Central banks policies vary Fed rate hike this week has been basically a virtual certainty, but the European Central Bank and the Bank of England is still not tight difficulties。  Chicago Mercantile Exchange (CME) for the Federal Reserve federal funds rate futures monitoring shows that investors expect the probability of the Fed meeting to raise interest rates by 25 basis points to 90.2% probability of rate hike by 50 basis points has reached 9.8%, while the expected probability of anything 0。  Almost all the major Wall Street institutions expect the Fed to raise interest rates, most of which is expected to raise rates by 25 basis points, the same as the magnitude of the previous times。  The latest US non-farm employment data released on Friday showed that the number of non-farm payrolls in November 22.80000, than previously expected 200,000, the unemployment rate 4.1% with expectations, but poor salary growth。  Bank of Montreal (BMO) IanLyngen said that although the November non-farm payroll data in less than expected, no effect on expectations the Federal Reserve next week, but there is no evidence that the data will influence the Fed to raise interest rates sharply route 2018。  The current market interest rate path in 2018 is still uncertain, Morgan Stanley and other big firms believe that 2018 will raise interest rates three times, and Deutsche Bank that the Fed tightening will reach four times。  Bloomberg Analysts said investors may have underestimated the pace of future Fed rate hikes。Some investors expect the Fed will raise interest rates twice before the end of 2018。But Fed "bitmap" point of view, policy makers may plan to achieve four times the rate hike before the end of next year。  Meanwhile, the European Central Bank is widely expected this week will not bring any fresh initiatives, the bank had launched a modest reduction in quantitative easing policy, announced plans to cut monthly purchase debt from 60 billion to 30 billion euros, and from 2018 in January continuation of nine months, this means that ultra-loose monetary policy of the euro era is ending, but the long-term hovering in the low inflation rate is still unsolved problems。  Due to increasing inflationary pressures, the Bank of England in November after the meeting on interest rates hiked interest rates by 25 basis points to 0.5%, while maintaining the scale of asset purchases unchanged。However, "off Europe" to negotiate future is full of uncertainty, the market expects the Bank of England's tightening measures might stall。In addition, the Swiss central bank policy decisions will be announced in the same week, it is widely expected that the central bank will keep interest rates unchanged。Analysts pointed out that the Swiss central bank reiterated that policy might occasionally intervene in currency so that the exchange rate remained at low levels。  2018 is expected to be tight in the regions other than the United States although there is still uncertainty in the short-term monetary policy, but the world's major economies will enter a tightening cycle in 2018 is the consensus of economists。  Goldman Sachs expects the central bank to raise interest rates next year may be more than the Fed。The United States has more than full employment, the UK has reached a critical point of full employment, and (labor) slack in the euro area are narrow; the Federal Reserve, Bank of England, Bank of Canada, Sweden and New Zealand's central bank the Federal Reserve may raise interest rates next year to control inflation。  Citibank estimated average interest rate in developed countries next year will be the highest since 2008, rising 0.4 percentage points to 1%。While JP Morgan forecast the average interest rates from the end of the year 0.1 rose to 68%.2%, more than 0 hike.5 points。Citigroup expects the Fed and the Bank of Canada will raise interest rates three times next year, the Bank of England, Australia, New Zealand, Sweden and Norway to raise interest rates again。  Such a tightening in fact has continued for some time。In addition to the Bank of England to raise interest rates in November, the European Central Bank announced reduction in the scale of debt purchased, the Bank of Canada to raise interest rates twice unexpectedly in July and September this year, raised its benchmark interest rate of 1%。  The November 30, South Korea's central bank hiked interest rates by 25 basis points to 1.5%, for the first time in more than six years to raise interest rates, but also since 2015 Fed rate hike cycle turned, the first follow-up of major Asian economies。  Citibank director of global economic research EbrahimRahbari said, "2018 is what we really tighten monetary policy year。We will continue the current path, the financial market is also a good deal of monetary policy, but in late 2018 or 2019, monetary policy will be one of the factors complicating the market。"The Fed rate hike is expected to strongly non-US central banks ambiguous attitude" look now global financial institutions are focused on the December interest rate policy meeting of the Fed's December 14。"A US hedge fund manager, told reporters in the 21st Century Business Herald。He said, in fact, their real concern is not whether the Fed to raise interest rates in December (as it had been "iron nails"), but by the next new release of the Federal Reserve to raise interest rates bitmap with the US economic outlook, the Fed determine the real increase for next year number of coupon payments。  With Trump tax reform policy to boost US economic growth is expected to fall, more and more financial institutions began to predict next year the Fed may raise interest rates four times higher than previous market expectations of 3。  JP Morgan Asset Global fixed income, currencies and commodities to the person in charge BobMichele Business Herald reporter pointed out that in the 21st century, due to the Trump tax reform policies to stimulate the US business investment, household consumption and other needs, the US economy showing faster growth and higher trend inflationary pressures, the Fed had to consider speeding up the pace of rate hikes, will raise interest rates next year the number rose to 4 times。As a result, the dollar's yield advantage further expansion, and thus stimulate other countries suffered a new round of capital outflow pressure。  "After all, non-US central banks to tighten monetary policy on whether to follow up seemed hesitant, such as Germany restricted cabinet failure, it is difficult to apply more pressure to tighten monetary policy to the European Central Bank; European off negotiations twists and turns, so that the Bank of England He continued to raise interest rates legislator; many emerging market countries are reluctant to further tighten monetary policy led economic recovery has slowed down, leading to global monetary policy next year will once again differentiate。"BMO Investment Management analyst SalGuatieri macroeconomic analysis, told reporters。  Many in the financial industry view, the Federal Reserve raising interest rates to speed up the pace of hawks can trigger a new round of global capital flows large, there are still many variables。On the one hand the US bond yields and not with the pace of rate hikes and increased, but signs of decline, leading to a weaker US dollar assets less attractive; on the other hand continues to set new record high in US stocks triggered growing concerns about asset bubbles, so that overseas funds lingering fear。  Next year the Fed to raise interest rates four times "controversy" after landing Trump tax reform policy, the Fed is expected to raise interest rates four times next year heats up。  In BobMichele view, the reason why many financial institutions bet the Federal Reserve to raise interest rates four times next year, there are three main reasons, first, the tax reform policy to reduce the US corporate tax burden with the residents, they stimulate the expansion of investment and consumption, driving up US future inflation expectations; Second, tax reform policy will attract many overseas investment capital back into the United States, is expected to boost economic growth; third is tax reform policy for the development of SMEs constitute the essence of good tax cuts, thereby further stimulating employment rate increase, The Fed had driven corresponding accelerate the pace of rate hikes。  He does not deny that these institutions more radical point of view, after all, next year the Fed to raise interest rates four times, two prerequisites must be met, one US short-term low inflation and a fundamental condition to reverse, and second, the US economy next year and to rid itself of recession sustained high growth。  "Most of the big Wall Street hedge fund cautious about。"He admits。On the one hand the United States and low inflation situation is causing more and more worried that the Fed officials, even within the Fed now appears "wait until inflation reaches 2% target, then consider raising interest rates," the voice; on the other hand the United States short and long term bond yields tends planarization (upside down may occur next year), between the invisible increase the risk of a US recession, the Fed may not dare to take such a radical pace of rate hikes。  Merrill Lynch, head of asset securitization ChrisFlanagan in the latest report pointed out that since the end of October this year, the US 2-year and 10-year yield spread fell to 50 basis points from 80 basis points。Although this new evidence will not hinder the Federal Reserve to raise interest rates further to avoid future inflation situation。But the result is that once the short and long term bond yield curve inversion phenomenon occurs in the next year, the US economy earliest possible recession in 2020。  December 6, JP Morgan released the latest report said that given the US economy long-term steady growth, in September next year before the Fed will continue gradual pace of rate hikes that each rate hike before the first three quarters of next year to raise interest rates a total of three times; 2019 hike interest rates twice in 2020 once。The reason is that the United States still prefer short-term economic prospects, but taking into account long-term sustained economic growth momentum "inadequate", the Fed will need to weigh future inflation situation, and then decide whether to speed up the pace of rate hikes。  "In fact, most Fed members expected end of next year to raise interest rates to 2.215% (ie, after the December rate hike this year, next year to raise interest rates three times), which also includes new incoming Fed chairman Powell。"JP Morgan analyst pointed out。  SalGuatieri believes that unless the US state of low inflation sharply reversed in the short term, the majority of Wall Street financial institutions will still bet on the Fed to raise interest rates three times next year。The reason for this is in line with the usual steady pace of interest rate plus the Fed – only to see the employment rate, economic growth and other key data clearly improves, the Fed will raise interest rates pulled the trigger。  Non-US central banks ambiguous attitude in his view, because the Fed's recent rate hike a foregone conclusion hawks, greater impact of global variables in moving from non-US central banks are willing to follow to speed up the pace of monetary policy tightening。  It is worth noting that 13 countries will be held in the central bank's last monetary policy meeting of the year this week – in addition to the Fed rate hike had been "iron nails", the rest of this ambiguous attitude。  Many financial Insiders pointed out that the European Central Bank explicitly in January next year?September continued monthly QE 300 billion euros of debt purchase plan, combined with the European Central Bank President Mario Draghi promised not to terminate QE immediately after September next year, and at a complete stop before QE is likely to raise interest rates。Therefore, the ECB may not be in the December monetary policy meeting statement hurry to tighten monetary policy, so that between the invisible bets the European Central Bank to tighten monetary policy to speed up cash in euro assets worldwide spread income arbitrage funds disappointment。  Given the recent off-European negotiations twists and turns, coupled with the recent inflation data showed signs of a slowdown, the Bank of England will show more "hawkish bias attitude" in wording, the actual behavior is greatly reduced。  Prior to the Bank of Korea to raise interest rates at the same time, we have made it clear to continue easing monetary policy to support export growth。  "Therefore, whether the Federal Reserve to raise interest rates three times or four times next year, as long as non-US central banks to suspend the pace of tightening monetary policy, the dollar's yield advantage to expand next year will become a high probability event。"SalGuatieri noted。  However, the dollar's yield advantage to widen again, not necessarily return to the US and global capital investment plans on "equal sign"。The reason is, first, Treasury yields have not increased with the Federal Reserve to raise interest rates – the Federal Reserve to raise interest rates twice this year, but the 10-year bond yields fell 15 basis points instead, resulting in lower attractiveness of dollar assets actual return。As long as emerging markets currencies are not depreciated sharply, many prefer to stay in the local global capital to earn higher rates of return; Second, tax reform policy has led to further increase the US budget deficit, it may affect the prospects for economic growth in the United States, many global institutions that will fund its return to the US "risks", it is better to stay in the other country's economic growth more robust fundamentals get all the risk-free return。  A large US investment bank, told reporters that the current tax reform policy Trump superimposed Fed hawks to raise interest rates, the impact on global capital flows cause is not yet clear。Trump tax reform policy since landing, where he daily by global investment bank reflux US capital investment is probably around $ 20-30 billion in investment flows primarily in US stocks, US stocks rose and linked to financial derivatives, etc.。  In his view, mainly due to tax reform policies have made the United States Trump telecommunications, pharmaceuticals, consumer goods and other industries listed companies to benefit, in addition to specific provisions to be tax reform policy adjustment will help to enhance the valuation of technology stocks, in order to attract many global flow of capital investment in the United States to carry out short-term arbitrage。Therefore, this trend can be sustained flow of capital, there are also many variables。  "So on Thursday the Fed's monetary policy meeting on the future of the US economy's outlook, as well as coping strategies for stocks and other asset bubbles, to some extent determines the enthusiasm and earnings prospects of global capital return to the US。"SalGuatieri respect to the 21st Century Business Herald Correspondent。If the Fed's concerns about asset bubbles warming, even though its release and then a strong voice hawks hike, not much would like braving the global capital investment and risk taking of dollar assets spread income, this big global capital flows will quickly dissipate the invisible。  Internal and external factors superimposed central bank funds face pressure under the care of a smooth since New Year's Eve or New Year's Eve without fear flat surface into the capital in mid-December, short-term market funds face the emergence of some "disturbance", mainly due to the recent reverse repo, MLF and the industry certificates of deposit of the amount due the market are larger, and the assessment period coincides with the end of MPA。However, the central bank has begun to increase efforts to put the money, with no fear or smooth New Year's Eve。  From the point of view of funds due this month will usher in reverse repo and certificates of deposit maturity focus。According to Reporters statistics, a total of 1 open market this month.52 trillion reverse repurchase funds expire, and December 16 there will be 187 billion MLF (medium-term loan facilitation) expires, the industry will also be a large number of certificates of deposit maturity, the amount due to 2.2 trillion, were recorded during the year higher。  End funds face pressure, the central bank injected a net re-open mode。  December 12, the central bank carried out 150 billion yuan reverse repurchase in the open market, in which 7-day varieties 80 billion, 70 billion of 28-day varieties。110 billion of funds minus the maturing reverse repo, the same day the central bank injected a net 40 billion to the market。This is the second consecutive day the central bank net invested capital to the market this week the central bank injected a net 200 billion into the market。Many market participants for the 21st century Business Herald reporter said he expects the central bank will increase for some time to-market funds。  A time when tax on financial institutions and mid-end assessment, and overlay overseas soon the Federal Reserve meeting on interest rates, the current financial market into the "troubled times", facing liquidity multiple internal and external disturbances。According to the 21st Century Business Herald reporter from banks and other institutions at the understanding of the day, despite the central bank injected a net continues, but the market funds face still showing signs of tightening, money market benchmark interest rate up overall。  However, the central bank to restart the 28-day reverse repurchase show the care of the end of the financial side of intent, and the impact of the Fed's rate hike has long been fully absorbed by the market。On the other hand, the banking and finance market sources, this year the funds have been well prepared for New Year's Eve。Reporters interviewed a number of analysts believe that, despite the overseas factors obviously disturbed, but there is no need to follow the central bank to raise domestic interest rates。  Centralized fund maturity tight liquidity since the end of November to December, due to the efforts to increase fiscal spending, hedge funds reverse repurchase factors due to some extent。The central bank on monetary policy also highlights the characteristics of "camera operation", last week (December 4 – 8 days) in five trading days, the central bank did not have four days to carry out open market operations。Last week, the whole week the central bank net capital return 510 billion, the highest amount of central bank net return of a single week in nearly 10 months。  Even so, the total amount of liquidity in the market is still at a high level, the overall easing。However, by the end of this week, the financial side of disturbance factors began to have an impact, but also showed signs of tightening liquidity。On Tuesday, the money market interest rates generally upward, in addition to individual species, inter-bank collateral repo rate and the Shibor (Shanghai Interbank Offered Rate) hikes, which, inter 14D, 21D and 1M of the bank collateral repo weighted average interest rate respectively, compared with the previous day up 16bp, 29bp and 16bp; 1MShibor overnight and 3 respectively upstream.8BP and 3.24BP。"New Year's Eve is now difficult to borrow money, there is little institutional funds out of New Year's Eve。"A banking source told reporters in the 21st Century Business Herald。  In addition, the issuance of certificates of deposit, interbank interest rates, the current 6M small and medium banks interbank certificate of deposit interest rates basically at more than 5%, has risen to a higher level earlier in June, "now feel the bank is still very short of money, although 11 March credit data is good, but that is the table, the deposit can not bring in external rotation table, bank certificates of deposit and now continued high cost。"One City firm of financial markets department official told reporters in the 21st Century Business Herald。  Specifically, on the one hand near the end of the year, and the tax on financial institutions will enter Friday; on the other hand, the Fed will announce interest rate decision last year in three weeks, regardless of the current Fed Chairman Xi Yelun or designate of the Federal Reserve Chairman Powell are optimistic about the US economy, he hinted that it would raise interest rates。At the same time, Trump's tax cut bill has been passed by the Senate, the final version is still under discussion。These internal and external factors are closely watched domestic financial markets。  From the point of view of funds due this month will usher in reverse repo and certificates of deposit maturity focus。According to Reporters statistics, a total of 1 open market this month.52 trillion reverse repurchase funds expire, and December 16 there will be 187 billion MLF (medium-term loan facilitation) expires, the industry will also be a large number of certificates of deposit maturity, the amount due to 2.2 trillion, were recorded during the year higher。  New Year's Eve or no fear, however, for New Year's Eve funds may not need extra worry。  "Our New Year's Eve bank capital has long been ready, tax positions are also ready, if financial resources go low, there may be some surplus funds can be a。New Year's Eve is now a little money indeed, but banks should be left in the final position, until no access to the back and then out。"A bank financial marketing sources。  According to the reporter, many banks as early as November has already begun in preparation for New Year's Eve funds。In fact, it is this year since the implementation of MPA (macro-prudential assessment) evaluation system, showing the flow of a different characteristic than in the past, that is, every time a node assessment across the quarter, the bank set aside more time than ever ready money, reflected in the fluctuations in the financial side, the financial side cross season is early may will be tightened, and the end of the month but more relaxed。  Another banking source told reporters that this year is a bumper year of strong regulation, the mood is very cautious on the market, in fact, money is not imagined so nervous。  The central bank's operations attitude is also very clear, the continuation of "load shifting" idea。December 7, the central bank in the open market to carry out a one hundred billion of 28-day reverse repo operations, which since October 26 this year to re-launch 28 days reverse repo funding period, the period covered by this New Year's Eve, showing that the central bank liquidity care attitude。  It is worth noting that last week the central bank sequel MLF, only hedge the amount due that day, and not like before one-time hedge。In this regard, some market participants interpreted as a "hold back", i.e., to be observed Fed tightening the boot floor reaction market then operated accordingly。However, a number of organizations who receive financial reports Reporters interviewed expressed the 21st century, more likely to be taken into account that the market is awash in liquidity, and after January 1 New Year's Eve will usher directed RRR execution。  For the Federal Reserve to raise interest rates and tax cuts Trump possible effects, blue stone, director of research and information management Zhao Bowen told reporters that this year, the central bank for RMB liquidity and capital management very well, it seems, does not need to use price tools, raising interest rates。  Tianfeng Securities chief fixed income analyst at Sun Binbin team believes that the intent of the policy and the market trend, the key policy rate adjustments are not present or not, the current market interest rates much higher than the interest rate policy, on the one hand that the market interest rates for a number of operations more sensitive to central bank policy is not to force the point that the policy rate and regulatory, pain points, the market is also characterized by higher market interest rate certificates of deposit represented the industry rather than to policy rate too high。  Opinions in the market related news agency (original title: the world usher in the end of the central bank's interest-rate or weeks in 2018 entered the tightening cycle) (Editor: DF318)