t extension expires, the customer does not meet the conditions of margin trading and other issues, there are individual brokers rectification is not in place yet received treatment or correction the emergence of new violations and other issues. To this end, including CITIC Securities, Haitong Securities, including 12 brokerage punished.Since January 2013 the balance nike free 6.0 mens
margin, two financial brokerage business has entered the fast lane. Especially the central bank cut interest rates on November 21 last year, resulting in an abrupt two financial balance of the expansion. As of last Friday, the two financial balances up to 1.117 trillion yuan, of which financing balance reached 1.11 trillion yuan.It is worth noting that the two financial brokerage business showing a very uneven development, and the threshold for participation in the two financial brokerage business is declining again, and even some brokers basically no threshold, resulting in many of the non-qualified investors can financing margin. Because the Commission reiterated on Friday "to the securities assets of not less than 500,000 customer margin," meaning that investors had not meet the conditions, the future can only sell securities to repay the financing, but also means that the future can participation in two financial services will significantly reduce the number of investors.On the other hand, the Commission regulate the two financial services broker will adversely affect performance. In this round of market, financial stocks (including banks, brokerage stocks, insuranc
e stocks) and other blue-chip market has become a banner, has become the object of financing for the purchase of many investors, regulators smitten brokerage margin business, inevitably lead to financing disc sold, plus the impact of negative psychological effect on investors, resultingnike lunarglide 6 mens
in financial stocks, including "in" prefix stocks, including stocks fell sharply even limit.Clearly, the stock market crash is a major cause of the two financial brokerage violations. In fact, in November 2013 and last December Changjiushenghua integrated into the flight the two listed company's share price plummeted lead to a lot of financing tray warehouse explosion, had for us a vivid lesson risks. This is reflected in the stocks, reflected in the market the same way. Currently financing the balance over one trillion mark like a "Unabomber", once the market competing for investors to sell, selling or financing centralized disk phenomenon, its consequences will be catastrophic. Consequences it produces will not just like stocks Changjiushenghua this risk, but the entire market will generate systemic risk. If systemic risk, not just the stock market crash will issue the consequent dormant bull market, investors suffered heavy losses, the stock market functions support the real economy will be weakened. Therefore, timely brake regulators, is undoubtedly very wise, but also conducive to preventing systemic risk issues arising due to the two financial irregularities.In fact, the Commission regulate two financial brokerage business, its positive meaning there i
s more. For those poor risk tolerance, investment inexperienced investors, is also a very good protection, but the broker for their own interests "staking" initiative, will not take into account the interests of investors. More important is that the specification of the two financial brokerage services, market risk nipped in the bud, it will be conducive to the healthy development of China's capital market and the long-term stability is conducive to the overall stabinike free 4.0 v3 mens
lity of China's financial markets, it is clearly not underestimate the positive role 21 Century is a competition in the reform era. Country can successfully reform will be the winner, the failure of national reform will be the losers. I would say that in this competition reform, led by the Communist Party of China, China will come to the fore in a big country in the world.China's governance model has three key elements:One elite governance. This is the ideal state, the elite governance will go wrong. Chinese selecting and appointing capable model, is China's officials from the grassroots, most people have the ability through this system, and eventually enter China's highest levels of governance.Second, the experimental treatment. China for decades to implement many policies are small places to try it. Let the rest of the learning success and is across the country, the lower the cost of failure. Such experiments governance can only be achieved in a centralized state, it is impossible in the United States.The third is to respond to treatment. Have the ability to respond to the needs of the people