May 26, 2008 07:08:12 Source: People's Daily
Wenchuan strong earthquake struck, causing heavy casualties and property losses. At present, earthquake relief work is being carried out. Expert analysis, Wenchuan earthquake will not affect the economic fundamentals, China's economy will continue to maintain又好fast development momentum.
State Council Development Research Centre Ba Shusong experts recently said that the earthquake will not change the economic growth trend. At present, China is the economic fundamentals continue to maintain fast growth又好, with the macro-control policies related to the implementation of the government work report put the 2008 economic targets can be achieved. However, the economy is the prominent contradictions in the "three-off" Although to some extent eased, but still outstanding; Although the risk of inflation in the effective control of, but from the structural to the overall trend of the spread still exists, still persist Macro-control, to implement the "two defenses" of policies and measures.
Major earthquake disaster to people's lives and property caused heavy losses, hit disaster areas of infrastructure, industrial and commercial enterprises, blocking industrial and agricultural production, which has seriously affected the local economic development. To May 22, the central disaster losses estimated rate of more than 300 billion yuan. According to preliminary statistics, 14,207 industrial enterprises in Sichuan disaster, the direct economic loss of 67 billion yuan, business services direct loss of 20 billion yuan. Chinese People's University School of Public Relations Professor Dr. Liu Xin pointed out that at present, the disaster are serious, but still limited to some areas of the country's limited impact on economic growth.
From the post-disaster reconstruction, the central financial arrangements for this year, 70 billion reconstruction fund and arrange 25 billion yuan for rescue operations, the whole of society contribute to the disaster areas to 16 billion yuan, coupled with the future of local government and community input Experts believe that reconstruction funds will be accumulated over 100 billion yuan. These inputs for earthquake relief, restore production and rebuild homes and economic development to provide strong support. From the policy levers, the People's Bank of China has announced that the disaster area to take a distinction of monetary policy, money supply will mean that the disaster areas due to relax, other relevant supporting policies for the economy will also introduced. Some experts have analyzed the disaster areas reconstruction task will be very heavy, infrastructure, housing, factories and other construction-related products will be expanded on demand, promoting related industries and economic growth.
At present, to the scientific concept of development to the overall situation, adhere to the principle of unabated grasping earthquake relief, firmly grasping the economic development, in order to achieve economic targets is scheduled to further strengthen and improve macro-control, focus on controlling inflation, the next Make great efforts to promote the production and supply security, and maintain steady and rapid economic development. (High-only)
5/28/08
Zhang: China's high growth has not yet entered the era of high inflation
2008年05月28日 07:17:35 Source: China Securities News
The first four months of this year CPI gain of 8.2 percent, China's economy has entered a "high growth, high inflation" era, and will run in the direction of what «Written Discussion on this recent series of forms to invite some experts talk about their domestic point of view .
The author believes that China's future will not enter the high-growth, high inflation era. Because of China's actual economic growth rate did not exceed the potential rate of economic growth, so there will be no high growth and high inflation both situations. At the same time, China's future cost of the product will not be sustained, rapid increase trend. In the long run, international commodity prices will continue rising. Increase in costs and more intense competition in the market environment, enterprises should carry out more of its own comprehensive development plan, it is precisely China's industrial structure optimization, transformation of the mode of economic development of the tremendous momentum.
First, China's actual economic growth rate below the potential rate of economic growth
From the economic growth theory and practice, high growth and high inflation both phenomena, can only occur in the actual economic growth rate higher than the potential economic growth rate of circumstances, is the level of economic growth to support economic growth over the conditions of performance. In real economic growth below potential economic growth under conditions of high growth is not possible with both the phenomenon of high inflation.
China's current economic growth rate lower than the actual potential rate of economic growth. To this conclusion, we need to do some discussion. China's potential for economic growth, understanding of different, from 8 percent to 9 percent and more than 10 percent. Mainly due to the potential economic growth rate is changing, decided to economic growth potential of the various factors are changing. Is to determine the potential supply of the main elements, including capital, technology, labor, and other. From these elements conditions, I think the potential of China's current economic growth rate should be at least 12 percent. This is because, in 2007 China's economic growth rate reached 11.9 percent, but there are still large amounts of funds remaining (bank deposit a large number of poor, large foreign exchange reserves, etc.), labor surplus (not full employment is still the most prominent one of the social problems), technology Supply potential, if taking into account the foreign technology and the formation of independent innovation of China's major core technology supply conditions, it should be said that great. Taking all these potential supply situation can be considered China's potential economic growth rate of at least 12 percent.
Performance in this potential economic growth rate above the level in accordance with another important is that when economic growth rate reached 11.9 percent of the time, there are still a lot of surplus (2007 trade surplus reached more than 2,600 billion U.S. dollars), from the perspective of national accounts This is total social investment of less than total social savings result, the actual economic growth rate is lower than the potential economic growth rate for another proof.
Of course, the potential of China's current economic growth also requires a detailed and profound analysis of this research are under way, but decided to potential economic growth rate for the level of various factors, it that our country's real economic growth rate is Below the potential rate of economic growth. The reason is mainly a new round of faster economic growth has always been bound by the effective macro-control, not rapid and sustained warming, its deep background, it is bound by the resources and the environment.
The discussion above shows that China's potential economic growth rate higher level, the actual economic growth rate did not exceed the potential rate of economic growth, so there will be no high growth and high inflation both situations.
Second, the cost-push to conduct a comprehensive analysis
Never strict interpretation of high prices or can be called high inflation. In fact discussed in the economics of inflation, currency is increasing demand from expanding further price increases caused the integrity of the process, due to lead to price increases, may also be the supply-side reasons, the price will rise collectively referred to as inflation is not Strict. The price rose from the medium and long-term, major decisions on the cost of the changes. Because of cost if not reasonable compensation, in the medium to long-term course of development, a product of the production will decline, the supply will be reduced, if other products can not be replaced, the demand for this product will be pulling its prices . This is also the value of (socially necessary labor time) decided that the price of one of the specific performance.
The current increase in the cost of promoting indeed many factors, including the increase in wage costs, the increase in raw material costs (including both domestic and international), the increase in cost, resources and environment, and so on. The increased costs will inevitably promote the level of prices. Is to be noted that the cost to conduct a comprehensive analysis must change. To see an increase in the cost factor, it is also necessary to reduce the costs of the factors taken into full consideration. Front analysis showed that, when the actual rate of economic growth below potential economic growth rate, the oversupply the market will show a pattern of widespread and intense competition, it is also practical in recent years the majority of our products in domestic and overseas markets face a basic situation . The competition led to a class of important events that enterprises in the cost of management and technological innovation efforts in two areas. Because in the competition to occupy a favorable position, the first to make products with good price competitive edge, the second to make products with better quality, performance, competitive advantage. To achieve this goal, we must strive to reduce costs, including the strengthening of cost management, efforts to reduce consumption and investment, eliminate Paomaodilou, raising labor productivity, and so on. These efforts will lead to lower cost factors of development, the competition led to lower the cost factors, we absolutely can not be underestimated.
After 1995, with the domestic market supply and demand changes, clothing, textile, home appliances, and other labor-intensive industries continue to lower prices. After 2001, is facing a raw material costs continue to increase the impact, but the trend of lower prices to maintain, an important reason is that competition led to lower the cost of these factors support the sustained development of industry. It should be noted that China's economic development mode or extensive features outstanding, compared with the developed countries, China's investment in lower and lower consumption potential is still very great; On the other hand, cheap labor, China's labor-substitute industries to capital-and technology The phenomenon is still relatively common, the potential for increased labor productivity, capital and technology substitution of the potential labour force is also very large. Through competition, give full play to such potential, it will bring enormous cost reduction effects.
Of course, also noted that the agricultural production, reduce the cost of the potential of a relatively small. However, agricultural production to specialization, industrialization, mechanization, and other aspects of development, but also contains a certain amount of the potential of raising labor productivity, contains a certain amount of cost reduction potential. At the same time, from agriculture and industry, the service sector and other non-agricultural labor productivity compare the differences of view, agriculture is a weak industry, but also very rigid demand, the product can not be replaced. So the costs of agricultural production must be considered sufficient compensation. So from a longer period, the prices of agricultural products will show a moderate increase continued the trend.
Based on the above analysis, in the promotion of increased costs and lead to lower costs of the two types of factors working together, the future cost of our products will not be sustained, rapid and improve the situation, would not push prices to continue to grow.
Third, long-term perspective, international commodity prices will not continue rising
To fully understand the role of prices. On the one hand will stimulate price increases related to the supply increase, and the international supply of primary products increased the potential for enormous, the price adjustment will be released under the other price increases will curb the demand for related products, and promote technological progress and product Alternative. The role of these factors together, the prices can not continue rising.
In addition, China's food supply and demand can be based on domestic balance, the basic livelihood of goods subject to little effect on the international market, which is the basis of price stability.
Comprehensive analysis, I think my future will not enter the high-growth, high inflation era. However, it should be noted that, since many domestic and international factors, the business environment will become more severe, the increased cost and more intense competition in the market environment, enterprises should carry out more of its own comprehensive development plan, invest more Effort. This is precisely the optimization and upgrading of industrial structure in China, the transformation of the mode of economic development of the tremendous momentum. (Zhang)
The first four months of this year CPI gain of 8.2 percent, China's economy has entered a "high growth, high inflation" era, and will run in the direction of what «Written Discussion on this recent series of forms to invite some experts talk about their domestic point of view .
The author believes that China's future will not enter the high-growth, high inflation era. Because of China's actual economic growth rate did not exceed the potential rate of economic growth, so there will be no high growth and high inflation both situations. At the same time, China's future cost of the product will not be sustained, rapid increase trend. In the long run, international commodity prices will continue rising. Increase in costs and more intense competition in the market environment, enterprises should carry out more of its own comprehensive development plan, it is precisely China's industrial structure optimization, transformation of the mode of economic development of the tremendous momentum.
First, China's actual economic growth rate below the potential rate of economic growth
From the economic growth theory and practice, high growth and high inflation both phenomena, can only occur in the actual economic growth rate higher than the potential economic growth rate of circumstances, is the level of economic growth to support economic growth over the conditions of performance. In real economic growth below potential economic growth under conditions of high growth is not possible with both the phenomenon of high inflation.
China's current economic growth rate lower than the actual potential rate of economic growth. To this conclusion, we need to do some discussion. China's potential for economic growth, understanding of different, from 8 percent to 9 percent and more than 10 percent. Mainly due to the potential economic growth rate is changing, decided to economic growth potential of the various factors are changing. Is to determine the potential supply of the main elements, including capital, technology, labor, and other. From these elements conditions, I think the potential of China's current economic growth rate should be at least 12 percent. This is because, in 2007 China's economic growth rate reached 11.9 percent, but there are still large amounts of funds remaining (bank deposit a large number of poor, large foreign exchange reserves, etc.), labor surplus (not full employment is still the most prominent one of the social problems), technology Supply potential, if taking into account the foreign technology and the formation of independent innovation of China's major core technology supply conditions, it should be said that great. Taking all these potential supply situation can be considered China's potential economic growth rate of at least 12 percent.
Performance in this potential economic growth rate above the level in accordance with another important is that when economic growth rate reached 11.9 percent of the time, there are still a lot of surplus (2007 trade surplus reached more than 2,600 billion U.S. dollars), from the perspective of national accounts This is total social investment of less than total social savings result, the actual economic growth rate is lower than the potential economic growth rate for another proof.
Of course, the potential of China's current economic growth also requires a detailed and profound analysis of this research are under way, but decided to potential economic growth rate for the level of various factors, it that our country's real economic growth rate is Below the potential rate of economic growth. The reason is mainly a new round of faster economic growth has always been bound by the effective macro-control, not rapid and sustained warming, its deep background, it is bound by the resources and the environment.
The discussion above shows that China's potential economic growth rate higher level, the actual economic growth rate did not exceed the potential rate of economic growth, so there will be no high growth and high inflation both situations.
Second, the cost-push to conduct a comprehensive analysis
Never strict interpretation of high prices or can be called high inflation. In fact discussed in the economics of inflation, currency is increasing demand from expanding further price increases caused the integrity of the process, due to lead to price increases, may also be the supply-side reasons, the price will rise collectively referred to as inflation is not Strict. The price rose from the medium and long-term, major decisions on the cost of the changes. Because of cost if not reasonable compensation, in the medium to long-term course of development, a product of the production will decline, the supply will be reduced, if other products can not be replaced, the demand for this product will be pulling its prices . This is also the value of (socially necessary labor time) decided that the price of one of the specific performance.
The current increase in the cost of promoting indeed many factors, including the increase in wage costs, the increase in raw material costs (including both domestic and international), the increase in cost, resources and environment, and so on. The increased costs will inevitably promote the level of prices. Is to be noted that the cost to conduct a comprehensive analysis must change. To see an increase in the cost factor, it is also necessary to reduce the costs of the factors taken into full consideration. Front analysis showed that, when the actual rate of economic growth below potential economic growth rate, the oversupply the market will show a pattern of widespread and intense competition, it is also practical in recent years the majority of our products in domestic and overseas markets face a basic situation . The competition led to a class of important events that enterprises in the cost of management and technological innovation efforts in two areas. Because in the competition to occupy a favorable position, the first to make products with good price competitive edge, the second to make products with better quality, performance, competitive advantage. To achieve this goal, we must strive to reduce costs, including the strengthening of cost management, efforts to reduce consumption and investment, eliminate Paomaodilou, raising labor productivity, and so on. These efforts will lead to lower cost factors of development, the competition led to lower the cost factors, we absolutely can not be underestimated.
After 1995, with the domestic market supply and demand changes, clothing, textile, home appliances, and other labor-intensive industries continue to lower prices. After 2001, is facing a raw material costs continue to increase the impact, but the trend of lower prices to maintain, an important reason is that competition led to lower the cost of these factors support the sustained development of industry. It should be noted that China's economic development mode or extensive features outstanding, compared with the developed countries, China's investment in lower and lower consumption potential is still very great; On the other hand, cheap labor, China's labor-substitute industries to capital-and technology The phenomenon is still relatively common, the potential for increased labor productivity, capital and technology substitution of the potential labour force is also very large. Through competition, give full play to such potential, it will bring enormous cost reduction effects.
Of course, also noted that the agricultural production, reduce the cost of the potential of a relatively small. However, agricultural production to specialization, industrialization, mechanization, and other aspects of development, but also contains a certain amount of the potential of raising labor productivity, contains a certain amount of cost reduction potential. At the same time, from agriculture and industry, the service sector and other non-agricultural labor productivity compare the differences of view, agriculture is a weak industry, but also very rigid demand, the product can not be replaced. So the costs of agricultural production must be considered sufficient compensation. So from a longer period, the prices of agricultural products will show a moderate increase continued the trend.
Based on the above analysis, in the promotion of increased costs and lead to lower costs of the two types of factors working together, the future cost of our products will not be sustained, rapid and improve the situation, would not push prices to continue to grow.
Third, long-term perspective, international commodity prices will not continue rising
To fully understand the role of prices. On the one hand will stimulate price increases related to the supply increase, and the international supply of primary products increased the potential for enormous, the price adjustment will be released under the other price increases will curb the demand for related products, and promote technological progress and product Alternative. The role of these factors together, the prices can not continue rising.
In addition, China's food supply and demand can be based on domestic balance, the basic livelihood of goods subject to little effect on the international market, which is the basis of price stability.
Comprehensive analysis, I think my future will not enter the high-growth, high inflation era. However, it should be noted that, since many domestic and international factors, the business environment will become more severe, the increased cost and more intense competition in the market environment, enterprises should carry out more of its own comprehensive development plan, invest more Effort. This is precisely the optimization and upgrading of industrial structure in China, the transformation of the mode of economic development of the tremendous momentum. (Zhang)
Central Bank released "2007 China's financial market development report"
2008年04月10日 12:43:03 Source: People's Bank of China website
People's Bank of China issued the "2007 China's financial market development report." The report by the People's Bank of China headquarters in Shanghai to take the lead in the relevant field of experts and scholars from co-wrote. The report comprehensively reflect the 2007 China's financial market and the overall operation of the prominent characteristics of the market, introduced in 2007 China's financial market by building the important achievements, focusing on the analysis of financial market development in the process of the hot issues and put forward China's gold
The next step into the market development initiatives and direction. The report's release to the promotion of China's financial markets further comprehensive and coordinated development is of great significance.
2007, China's national economy maintained steady and rapid growth, stable financial operations, the financial sector reform and the smooth progress of stable, financial organizations to further improve the system. Benefit from a good environment for the development of China's financial markets continued to maintain a rapid and healthy development momentum. 2007, China's financial market is expanding rapidly, the breadth and depth greatly expand the social financing structure has improved, direct financing significant increase in the scale of financial markets, accelerate the pace of innovation, new products and trading tools endless; market system building steadily Forward, to further improve the operation of the market mechanism; market participants increasingly rich structure, institutional investors has expanded steadily; financial market opening to the outside world advance in an orderly manner, the international level continues to increase. Overall, China's financial markets and deepen the reform has been further development in economic development and financial system in increasing status and role.
"2007 China's financial market development report" is divided into five parts, mainly from the market as a whole recalled that the sub-market characteristics, market-building results, analysis, and other hot issues in the 2007 China's financial markets a comprehensive and thorough briefing. The first part of the report from the macro environment analysis, market characteristics and development prospects based on the 2007 China's financial markets were panoramic description of the second part of the description and analysis of the financial market operation of the basic situation, the third part of And summed up in 2007 in China's financial market system building, product innovation, infrastructure construction, opening up and international cooperation achievements, the fourth part of 2007 has been selected by the development of the financial markets faced a number of hot issues, and Its conduct an in-depth study, the fifth component of the Chinese financial market development Events, market statistics, and other important information.
"2007 China's financial market development report," the publication will help the broad masses of financial market participants and the public a comprehensive understanding of China's financial market in 2007 the operation, control the financial market development ideas, more effective in preventing participation in the operation of the risks . Is conducive to professional research staff in the development of China's financial market authority of information and data.
People's Bank of China issued the "2007 China's financial market development report." The report by the People's Bank of China headquarters in Shanghai to take the lead in the relevant field of experts and scholars from co-wrote. The report comprehensively reflect the 2007 China's financial market and the overall operation of the prominent characteristics of the market, introduced in 2007 China's financial market by building the important achievements, focusing on the analysis of financial market development in the process of the hot issues and put forward China's gold
The next step into the market development initiatives and direction. The report's release to the promotion of China's financial markets further comprehensive and coordinated development is of great significance.
2007, China's national economy maintained steady and rapid growth, stable financial operations, the financial sector reform and the smooth progress of stable, financial organizations to further improve the system. Benefit from a good environment for the development of China's financial markets continued to maintain a rapid and healthy development momentum. 2007, China's financial market is expanding rapidly, the breadth and depth greatly expand the social financing structure has improved, direct financing significant increase in the scale of financial markets, accelerate the pace of innovation, new products and trading tools endless; market system building steadily Forward, to further improve the operation of the market mechanism; market participants increasingly rich structure, institutional investors has expanded steadily; financial market opening to the outside world advance in an orderly manner, the international level continues to increase. Overall, China's financial markets and deepen the reform has been further development in economic development and financial system in increasing status and role.
"2007 China's financial market development report" is divided into five parts, mainly from the market as a whole recalled that the sub-market characteristics, market-building results, analysis, and other hot issues in the 2007 China's financial markets a comprehensive and thorough briefing. The first part of the report from the macro environment analysis, market characteristics and development prospects based on the 2007 China's financial markets were panoramic description of the second part of the description and analysis of the financial market operation of the basic situation, the third part of And summed up in 2007 in China's financial market system building, product innovation, infrastructure construction, opening up and international cooperation achievements, the fourth part of 2007 has been selected by the development of the financial markets faced a number of hot issues, and Its conduct an in-depth study, the fifth component of the Chinese financial market development Events, market statistics, and other important information.
"2007 China's financial market development report," the publication will help the broad masses of financial market participants and the public a comprehensive understanding of China's financial market in 2007 the operation, control the financial market development ideas, more effective in preventing participation in the operation of the risks . Is conducive to professional research staff in the development of China's financial market authority of information and data.
Backgrounder: RMB exchange rate formation mechanism reform Events
-- Beijing on April 10 (Xinhua both Yao-HAN Jie) yuan against the U.S. dollar price on April 10 the first time "cracking 7", to 6.9920 yuan to the dollar. In recent years China's RMB exchange rate formation mechanism reform event are as follows:
July 21, 2005, launch of China's RMB exchange rate formation mechanism reform. Implemented based on market supply and demand, with reference to a basket of currencies conditioning, a managed floating exchange rate system
Degrees. RMB exchange rate will no longer be pegged to the U.S. dollar and a more flexible RMB exchange rate mechanism. At 19:00 on July 21, the RMB exchange rate against the U.S. dollar one-time price increase 2 percent, to 8.11 yuan to the dollar, as the interbank foreign exchange market the next day on foreign exchange transactions between the bank price.
September 23, 2005, the People's Bank of China decided, with immediate effect to expand China's inter-bank spot foreign exchange market in non-US dollar currencies against RMB trading price of the floating range, from top to bottom from the original 1.5 percent extended to plus or minus 3 percent, a modest expansion of banks Dollar exchange rate, listing the rate spread, and cancel the bank, listed on the non-dollar currencies limit the rate of spread.
January 3, 2006, the People's Bank of China announced that since January 4 at the inter-bank spot foreign exchange market on the introduction of Inquiry transactions, while retaining the auspices of ways. The interbank foreign exchange market transactions can choose to focus on the main credit, bid on the way transactions, also may choose to bilateral credit, clearing the way for bilateral Request transactions. At the same time in the interbank foreign exchange market introduction of market maker system, provide liquidity to the market.
May 15, 2006, the RMB exchange rate against the dollar break through 8.0 juncture, to 7.9982 yuan to the dollar.
January 15, 2007, the RMB exchange rate price of HK first break 1:1, 0.99945 yuan against one Hong Kong dollar.
May 18, 2007, the People's Bank of China announced that since May 21, 2007, the inter-bank spot foreign exchange market trading price of RMB against the U.S. dollar floating rate by three thousandths extended to five thousandths.
July 21, 2005, launch of China's RMB exchange rate formation mechanism reform. Implemented based on market supply and demand, with reference to a basket of currencies conditioning, a managed floating exchange rate system
Degrees. RMB exchange rate will no longer be pegged to the U.S. dollar and a more flexible RMB exchange rate mechanism. At 19:00 on July 21, the RMB exchange rate against the U.S. dollar one-time price increase 2 percent, to 8.11 yuan to the dollar, as the interbank foreign exchange market the next day on foreign exchange transactions between the bank price.
September 23, 2005, the People's Bank of China decided, with immediate effect to expand China's inter-bank spot foreign exchange market in non-US dollar currencies against RMB trading price of the floating range, from top to bottom from the original 1.5 percent extended to plus or minus 3 percent, a modest expansion of banks Dollar exchange rate, listing the rate spread, and cancel the bank, listed on the non-dollar currencies limit the rate of spread.
January 3, 2006, the People's Bank of China announced that since January 4 at the inter-bank spot foreign exchange market on the introduction of Inquiry transactions, while retaining the auspices of ways. The interbank foreign exchange market transactions can choose to focus on the main credit, bid on the way transactions, also may choose to bilateral credit, clearing the way for bilateral Request transactions. At the same time in the interbank foreign exchange market introduction of market maker system, provide liquidity to the market.
May 15, 2006, the RMB exchange rate against the dollar break through 8.0 juncture, to 7.9982 yuan to the dollar.
January 15, 2007, the RMB exchange rate price of HK first break 1:1, 0.99945 yuan against one Hong Kong dollar.
May 18, 2007, the People's Bank of China announced that since May 21, 2007, the inter-bank spot foreign exchange market trading price of RMB against the U.S. dollar floating rate by three thousandths extended to five thousandths.
RMB exchange rate against the U.S. dollar into the "six times" two "six times" What's the difference betweenRMB exchange rate against the U.S. dollar
1 asked two "six times" What's the difference between
For the current FX168, chief currency analyst Li Jun, 15 years ago, the swap scarce dollars on the foreign exchange market, the depreciation of the renminbi moving rapidly the situation is still Lilizaimu, Bank of Communications is working at the time he was responsible for U.S. dollars foreign exchange settlement and sales business, Probably in late 1992 and early 1993 when the U.S. dollar against the RMB exchange rate the way to the market, six yuan in the Dangkou almost without stop,
Instant perforation of the seven yuan barrier.
15 have passed, the RMB exchange rate against the dollar yesterday, once again returned to the "six times." Li Jun said that it is now今非昔比, China's comprehensive national strength, macro-economic and financial environment than 15 years ago with earth-shaking changes.
Recalling China's foreign exchange system History shows that in January 1, 1994 China announced the cancellation of dual exchange rate system, there are the official exchange rate and the swap market exchange rate at the same time both the exchange rate pricing system, but at the time the shortage of foreign exchange, foreign exchange resources in Demand and allocation between the providers "wrong", the official premium "price without the city."
At the same time, from around 1988 began gradually built up foreign exchange swap is unusually prosperity. Before and after 1993, the domestic economy overheating, there inflation, the surge in demand for imports, "is very scarce foreign exchange things, the market will think that the substantial depreciation of the renminbi, would result in a substantial appreciation of the Exchange, in the panic buying (Exchange)." Bank of Communications Lian-ping, chief economist recalled that time the Stock Market, also has a profound impression.
15, the RMB exchange rate against the dollar once again perform a "break 7", entered the "six times." But apart from the depreciation of the process is the last time, Now is the appreciation of the basic differences, the two "six times" There are many factors can not compare the background.
15 years ago, as a measure of a country's comprehensive national strength of key economic indicators, China's foreign exchange reserves, about 20 billion U.S. dollars; Today, China's foreign exchange reserves have more than 1.5 trillion U.S. dollars over 15 years ago, an increase of 70 times. 15 years ago, the domestic financial order more chaos, massive violations of bank credit market funds; Today, China's financial market after years of construction, are more open attitude to integration into the global market, multi-level construction of the market system with remarkable results.
"Two times'6 'is clearly not the same day and language." Li Jun, the current RMB exchange rate did not reflect their real value, "cracking 7" will continue to rise.
2 asked whether it will slow down the pace of appreciation
For the future trend of the renminbi issue, Lehman, UBS, Bank of America and many other investment bank economists believe that since the first quarter of this year, 4 percent appreciation of the renminbi, although they also expected the appreciation of the yuan will continue, but not to the past Within the next few months as the rate of appreciation of the renminbi's future reference. Under the influence of multiple factors, the yuan's appreciation against the dollar rate will slow.
The revaluation of the renminbi in the first quarter of about 4% of the problem, Bank of America Greater China economic research and strategy director Wang Tao believes that this partly due to the depreciation of the dollar-driven, the yuan on the project has not been effective in a more substantial revaluation. Lehman Brothers chief economist of China Sun Mingchun believes that the domestic price increase last year to promote the key factor is the raw material, food and other global markets soaring prices of raw materials caused by rising import prices, and currency appreciation will help curb domestic product imports Prices.
For the future trend of the yuan, said Sun Mingchun, with the Government's anti-inflation focus from work to promote employment, the pace of appreciation should slow down significantly in the second half. "The Government's policy focus of the second half may soon shift from the anti-inflation problem of unemployment, pay more attention to economic growth rather than inflation, will slow down the pace of currency appreciation."
Wang Tao is also expected that once the inflationary pressure makes a clear slowdown in export data or weakened, the yuan against the U.S. dollar will weaken the speed of adjustment. He predicted that by the end of June this year, the RMB exchange rate will break the 6.8, the end of the year will rise to 6.65.
In exchange rate policy, the Sun Mingchun, the RMB exchange rate management in the People's Bank of China will pay more attention to the effective exchange rate and expectations for a U.S. in the second half of the year compared with other major currencies (such as euro, sterling and yen) appreciation of the RMB against the U.S. dollar's appreciation pace May not be as fast as the first quarter.
UBS chief economist for the Asia-Pacific region Anderson pointed out that there are multiple factors, makes the appreciation of the renminbi can not be expected to last four months about the appreciation of the situation as a reference. First, the renminbi is not on all the major currencies appreciate, but the appreciation of the dollar; Second, the "hot money" the possibility of returning; Third, the United States and the global economy will further slow-down in the first half of this year, which will help the economy Of exports. Once this happens, the appreciation of the RMB power would decline.
3 asked whether the appreciation of anti-inflationary pressure
Since the central bank in last year's third quarter monetary policy report for the first time raised interest rates and exchange rates to strengthen coordination and cooperation to ease inflationary pressures, the role of exchange rate tools on the market for more attention to. With yesterday's exchange rate of RMB against the U.S. dollar above the first seven yuan juncture, the road in the rapid appreciation of the RMB is the way to the high inflation pressure to play a greater role once again be concerned about.
In the third quarter last year, the central bank's monetary policy implementation in the report, interest rates and exchange rates to strengthen the coordination role, to curb inflationary pressure, the RMB exchange rate performance was positive, to bring rapid appreciation of the potential market many accidents. "In order to curb inflation pressures, in fact the central bank has pushed the exchange rate tools to the first line." CASS Institute of Finance, China's economic evaluation of Liu Yu-hui, director of the Center said.
Two sessions held in March this year, central bank governor Zhou Xiaochuan made it clear that from an analytical point of view, the proper appreciation of the yuan, or slightly faster, the Chinese currency will help curb inflationary pressures. But he also pointed out that curbing inflation pressures will not become the market exchange rate mechanism reform, or changes in the main exchange rate fluctuations.
However, with domestic and international economic environment of constant change, use the exchange rate tools to ease the inflationary pressure should also be constantly adjusted. Liu Yu-hui stressed that the current external environment is not relaxed, the Government's control ideas, considerations will be subtle changes. He believes that the Government may prevent over-tightening policies have a negative impact on the economy, but on the nature of the appreciation of the exchange rate will play a role in tightening, in such circumstances, the next revaluation of the RMB rate will definitely not be more than one quarter , But relatively slow.
Senior Manager of the Research Department of China Construction Bank, Zhao Qingming not agree to the appreciation of the renminbi to alleviate inflationary pressures views. He said that in theory, this view is to set up, but it needs a relatively harsh existence of the premise. In China's current circumstances, the renminbi to the formation of a unilateral appreciation of the market is expected to attract a lot of capital inflows, resulting in Waihuizhankuan increase the liquidity surplus, eventually formed the appreciation of the excess liquidity to strengthen the cycle, There is no pressure to help curb inflation. In his view, is the key to solve the problem by dividing the expected way, making money is no longer unilateral revaluation of the yuan have imagined, cut off the inflow of hot money, thereby reducing Waihuizhankuan due to the passive monetary base running, the final start from the currency Ease inflationary pressure. (Qinyuan-na-Beibei)
For the current FX168, chief currency analyst Li Jun, 15 years ago, the swap scarce dollars on the foreign exchange market, the depreciation of the renminbi moving rapidly the situation is still Lilizaimu, Bank of Communications is working at the time he was responsible for U.S. dollars foreign exchange settlement and sales business, Probably in late 1992 and early 1993 when the U.S. dollar against the RMB exchange rate the way to the market, six yuan in the Dangkou almost without stop,
Instant perforation of the seven yuan barrier.
15 have passed, the RMB exchange rate against the dollar yesterday, once again returned to the "six times." Li Jun said that it is now今非昔比, China's comprehensive national strength, macro-economic and financial environment than 15 years ago with earth-shaking changes.
Recalling China's foreign exchange system History shows that in January 1, 1994 China announced the cancellation of dual exchange rate system, there are the official exchange rate and the swap market exchange rate at the same time both the exchange rate pricing system, but at the time the shortage of foreign exchange, foreign exchange resources in Demand and allocation between the providers "wrong", the official premium "price without the city."
At the same time, from around 1988 began gradually built up foreign exchange swap is unusually prosperity. Before and after 1993, the domestic economy overheating, there inflation, the surge in demand for imports, "is very scarce foreign exchange things, the market will think that the substantial depreciation of the renminbi, would result in a substantial appreciation of the Exchange, in the panic buying (Exchange)." Bank of Communications Lian-ping, chief economist recalled that time the Stock Market, also has a profound impression.
15, the RMB exchange rate against the dollar once again perform a "break 7", entered the "six times." But apart from the depreciation of the process is the last time, Now is the appreciation of the basic differences, the two "six times" There are many factors can not compare the background.
15 years ago, as a measure of a country's comprehensive national strength of key economic indicators, China's foreign exchange reserves, about 20 billion U.S. dollars; Today, China's foreign exchange reserves have more than 1.5 trillion U.S. dollars over 15 years ago, an increase of 70 times. 15 years ago, the domestic financial order more chaos, massive violations of bank credit market funds; Today, China's financial market after years of construction, are more open attitude to integration into the global market, multi-level construction of the market system with remarkable results.
"Two times'6 'is clearly not the same day and language." Li Jun, the current RMB exchange rate did not reflect their real value, "cracking 7" will continue to rise.
2 asked whether it will slow down the pace of appreciation
For the future trend of the renminbi issue, Lehman, UBS, Bank of America and many other investment bank economists believe that since the first quarter of this year, 4 percent appreciation of the renminbi, although they also expected the appreciation of the yuan will continue, but not to the past Within the next few months as the rate of appreciation of the renminbi's future reference. Under the influence of multiple factors, the yuan's appreciation against the dollar rate will slow.
The revaluation of the renminbi in the first quarter of about 4% of the problem, Bank of America Greater China economic research and strategy director Wang Tao believes that this partly due to the depreciation of the dollar-driven, the yuan on the project has not been effective in a more substantial revaluation. Lehman Brothers chief economist of China Sun Mingchun believes that the domestic price increase last year to promote the key factor is the raw material, food and other global markets soaring prices of raw materials caused by rising import prices, and currency appreciation will help curb domestic product imports Prices.
For the future trend of the yuan, said Sun Mingchun, with the Government's anti-inflation focus from work to promote employment, the pace of appreciation should slow down significantly in the second half. "The Government's policy focus of the second half may soon shift from the anti-inflation problem of unemployment, pay more attention to economic growth rather than inflation, will slow down the pace of currency appreciation."
Wang Tao is also expected that once the inflationary pressure makes a clear slowdown in export data or weakened, the yuan against the U.S. dollar will weaken the speed of adjustment. He predicted that by the end of June this year, the RMB exchange rate will break the 6.8, the end of the year will rise to 6.65.
In exchange rate policy, the Sun Mingchun, the RMB exchange rate management in the People's Bank of China will pay more attention to the effective exchange rate and expectations for a U.S. in the second half of the year compared with other major currencies (such as euro, sterling and yen) appreciation of the RMB against the U.S. dollar's appreciation pace May not be as fast as the first quarter.
UBS chief economist for the Asia-Pacific region Anderson pointed out that there are multiple factors, makes the appreciation of the renminbi can not be expected to last four months about the appreciation of the situation as a reference. First, the renminbi is not on all the major currencies appreciate, but the appreciation of the dollar; Second, the "hot money" the possibility of returning; Third, the United States and the global economy will further slow-down in the first half of this year, which will help the economy Of exports. Once this happens, the appreciation of the RMB power would decline.
3 asked whether the appreciation of anti-inflationary pressure
Since the central bank in last year's third quarter monetary policy report for the first time raised interest rates and exchange rates to strengthen coordination and cooperation to ease inflationary pressures, the role of exchange rate tools on the market for more attention to. With yesterday's exchange rate of RMB against the U.S. dollar above the first seven yuan juncture, the road in the rapid appreciation of the RMB is the way to the high inflation pressure to play a greater role once again be concerned about.
In the third quarter last year, the central bank's monetary policy implementation in the report, interest rates and exchange rates to strengthen the coordination role, to curb inflationary pressure, the RMB exchange rate performance was positive, to bring rapid appreciation of the potential market many accidents. "In order to curb inflation pressures, in fact the central bank has pushed the exchange rate tools to the first line." CASS Institute of Finance, China's economic evaluation of Liu Yu-hui, director of the Center said.
Two sessions held in March this year, central bank governor Zhou Xiaochuan made it clear that from an analytical point of view, the proper appreciation of the yuan, or slightly faster, the Chinese currency will help curb inflationary pressures. But he also pointed out that curbing inflation pressures will not become the market exchange rate mechanism reform, or changes in the main exchange rate fluctuations.
However, with domestic and international economic environment of constant change, use the exchange rate tools to ease the inflationary pressure should also be constantly adjusted. Liu Yu-hui stressed that the current external environment is not relaxed, the Government's control ideas, considerations will be subtle changes. He believes that the Government may prevent over-tightening policies have a negative impact on the economy, but on the nature of the appreciation of the exchange rate will play a role in tightening, in such circumstances, the next revaluation of the RMB rate will definitely not be more than one quarter , But relatively slow.
Senior Manager of the Research Department of China Construction Bank, Zhao Qingming not agree to the appreciation of the renminbi to alleviate inflationary pressures views. He said that in theory, this view is to set up, but it needs a relatively harsh existence of the premise. In China's current circumstances, the renminbi to the formation of a unilateral appreciation of the market is expected to attract a lot of capital inflows, resulting in Waihuizhankuan increase the liquidity surplus, eventually formed the appreciation of the excess liquidity to strengthen the cycle, There is no pressure to help curb inflation. In his view, is the key to solve the problem by dividing the expected way, making money is no longer unilateral revaluation of the yuan have imagined, cut off the inflow of hot money, thereby reducing Waihuizhankuan due to the passive monetary base running, the final start from the currency Ease inflationary pressure. (Qinyuan-na-Beibei)
Millionaire families of the top five financial questions,4
Appropriate method of equal dignity and save money
Bowett and his wife retired, they live in Austin a beautiful residential quarters, they are the owners of a beautiful four-bedroom houses. They have up to seven-digit net assets. They are a thrifty husband and wife, are very concerned about their expenses. As Bowett his wife said, "My husband and I grew up in times of economic recession, so we both are very carefully our money." Although they are now home to a value of 800,000 U.S. dollars of the house, but over the years a lot of its value.
Apart from the beautiful house, Bowett couples the same ability to purchase expensive cars and fashionable clothes, but this is not their style. They believe that once bought on those will lose all or most of its initial value of the products, concerned about its price is very important. The value of these items is not durable. Such as clothing, today you buy a set of expensive clothes or dress it in tomorrow's old stuff on the market value of the number can be «may be the original price of 10% or 5% or less. Bowett his wife never wanted to spend too much on clothes in the money, they are too fast depreciation in value. They like a certain person on the net assets of dug a hole. But she looked Chuande some hope that her approach is in the purchase of discount stores that are discounted designer clothing. Mr. and Mrs. Bowie Bowett has many brand-name clothing, they are mostly purchased from discount stores. If bought the clothes do not fit what she and Mr. Bowett will take 40 percent of the millionaires have taken the ways to solve this problem - clothes will be made. When they change the body so that they fit the clothes had become no longer fit, they will do the same. In this way, Bowett and his wife save a lot of money, while another was wearing a very decent. After that, Bowett his wife will save the money for the price "extremely durable" and would in fact value-added items, such as can be called antique furniture like the old-fashioned, Bowett his wife, to buy these things, both Practical, have investment value. These things will be with the passage of time, become very valuable. In addition, they have the investment performance at the forefront of the mutual funds, promising stocks, and so on. Bowett his wife said: "We now own their own land, owned mining companies, oil company stocks. We are not friends and we talk about our property, because we have contacts with many friends are not as a catalyst for such More property. "
To make money when the balance of the account to spend money on the account balance
In the United States, these wealthy people is not the biggest consumers of goods? »Buy them today, tomorrow is not throwing it« Maybe they hate recycling, or the specific point that hate to change shoes at the end of «my American millionaire's findings In contrast with this assumption: the millionaires in the survey, 70 percent of the people to Huanguo shoes at the end.
Buy shoes at the time, most millionaires for the first time cost of the initial price of the shoes is less sensitive, more concerned about the quality. These very sensitive to the quality of life of people is based on the cost of the definition of quality. A millionaire said: "I 'love Fullerton' Ping Dixie Sijing wear for more than 10 years, has twice at the end of the Huanguo. Suansuan its dynamic cycle costs. This pair of shoes I bought when spent 100 U.S. dollars , Huanguo to them twice at the end of each spent 50 U.S. dollars. I have 'love Fullerton' shoes 10, I wear some of the 1,600 days. From my pocket from the cost is 200 dollars, plus Shoes value of 20 U.S. dollars, the total cost of 220 U.S. dollars. Will be 220 U.S. dollars in 1,600 days of sharing a day less than the cost required by I4 cents. Let me tell you I am over 10-year-old son in the shoes of what is spent Bar. Perforation in each of his - and this is a bad or outdated models - about six pairs' Nike 'or' Adidas'. Most of shoes just because a lot of university campuses walked walk To the perforation. Sometimes, he would indeed put on their running and running in the sand kicked on the play. Pairs of shoes each of his life in about 80 to 100 days between. Each pair of shoes in the cost of 65 dollars to 85 A share. Even for the best 100 days, the use of these shoes cost is 65 cents a day. Taking into account these figures, I must ask, Who feet per day of the shoes would spend more money It «is wearing a few hundred dollars calfskin Ping Dixie manager of the millionaires, or 85 U.S. dollars common wear sports shoes of university students?» "
Can not think it really is so rich and the millions of accounts.
Bowett and his wife retired, they live in Austin a beautiful residential quarters, they are the owners of a beautiful four-bedroom houses. They have up to seven-digit net assets. They are a thrifty husband and wife, are very concerned about their expenses. As Bowett his wife said, "My husband and I grew up in times of economic recession, so we both are very carefully our money." Although they are now home to a value of 800,000 U.S. dollars of the house, but over the years a lot of its value.
Apart from the beautiful house, Bowett couples the same ability to purchase expensive cars and fashionable clothes, but this is not their style. They believe that once bought on those will lose all or most of its initial value of the products, concerned about its price is very important. The value of these items is not durable. Such as clothing, today you buy a set of expensive clothes or dress it in tomorrow's old stuff on the market value of the number can be «may be the original price of 10% or 5% or less. Bowett his wife never wanted to spend too much on clothes in the money, they are too fast depreciation in value. They like a certain person on the net assets of dug a hole. But she looked Chuande some hope that her approach is in the purchase of discount stores that are discounted designer clothing. Mr. and Mrs. Bowie Bowett has many brand-name clothing, they are mostly purchased from discount stores. If bought the clothes do not fit what she and Mr. Bowett will take 40 percent of the millionaires have taken the ways to solve this problem - clothes will be made. When they change the body so that they fit the clothes had become no longer fit, they will do the same. In this way, Bowett and his wife save a lot of money, while another was wearing a very decent. After that, Bowett his wife will save the money for the price "extremely durable" and would in fact value-added items, such as can be called antique furniture like the old-fashioned, Bowett his wife, to buy these things, both Practical, have investment value. These things will be with the passage of time, become very valuable. In addition, they have the investment performance at the forefront of the mutual funds, promising stocks, and so on. Bowett his wife said: "We now own their own land, owned mining companies, oil company stocks. We are not friends and we talk about our property, because we have contacts with many friends are not as a catalyst for such More property. "
To make money when the balance of the account to spend money on the account balance
In the United States, these wealthy people is not the biggest consumers of goods? »Buy them today, tomorrow is not throwing it« Maybe they hate recycling, or the specific point that hate to change shoes at the end of «my American millionaire's findings In contrast with this assumption: the millionaires in the survey, 70 percent of the people to Huanguo shoes at the end.
Buy shoes at the time, most millionaires for the first time cost of the initial price of the shoes is less sensitive, more concerned about the quality. These very sensitive to the quality of life of people is based on the cost of the definition of quality. A millionaire said: "I 'love Fullerton' Ping Dixie Sijing wear for more than 10 years, has twice at the end of the Huanguo. Suansuan its dynamic cycle costs. This pair of shoes I bought when spent 100 U.S. dollars , Huanguo to them twice at the end of each spent 50 U.S. dollars. I have 'love Fullerton' shoes 10, I wear some of the 1,600 days. From my pocket from the cost is 200 dollars, plus Shoes value of 20 U.S. dollars, the total cost of 220 U.S. dollars. Will be 220 U.S. dollars in 1,600 days of sharing a day less than the cost required by I4 cents. Let me tell you I am over 10-year-old son in the shoes of what is spent Bar. Perforation in each of his - and this is a bad or outdated models - about six pairs' Nike 'or' Adidas'. Most of shoes just because a lot of university campuses walked walk To the perforation. Sometimes, he would indeed put on their running and running in the sand kicked on the play. Pairs of shoes each of his life in about 80 to 100 days between. Each pair of shoes in the cost of 65 dollars to 85 A share. Even for the best 100 days, the use of these shoes cost is 65 cents a day. Taking into account these figures, I must ask, Who feet per day of the shoes would spend more money It «is wearing a few hundred dollars calfskin Ping Dixie manager of the millionaires, or 85 U.S. dollars common wear sports shoes of university students?» "
Can not think it really is so rich and the millions of accounts.
Millionaire families of the top five financial questions,3
Numbness of the cost of the first cycle of cost-sensitive dynamic
There is a just give you the installation of a new water heater installed in his working time per hour in the money than you Zhuande Duo - hired him without their own stem is not a mistake »you may think that I have visited The millionaire is how to think of it »
Millionaires and those who may become the rich man of the people "first cost" is not sensitive, they are only the "dynamic cycle cost" very sensitive. "First cost" means that if you install a water heater and not to skilled workers by the installation of the cost savings. In this process, you may save 150 U.S. dollars, but in the subsequent use, the installation by the installation of the operating costs of the water heater may be your own than to install the water heater save 150 U.S. dollars more than the money, because they are more experienced, Better technology, with their hands to install the water heater will be more durable and faster in hot water. Due to lack of experience, you can easily make mistakes during the installation process, burned system. Worse, if the gas leak, but also so that you and your family poisoning, these questions are in order to save costs and the first time.
At the same time there is a balance problem. You can not install the water heater in the dry at the same time other things. Although the installation of hourly workers in demand in the price per hour of work than you paid, through their own installation, you can save some money. However, you did not take into account the dynamic cycle of difference. This is the millionaire and you think the difference. Think about it: If you decide to install water heaters in person, you have to buy water heater, which was how much time and energy »you could be time and energy spent on upgrading your professional skills or research investment; you could be Time to find new customers - to find a new customer could earn the money much more than 150 U.S. dollars. Bought the water heater, you must also learn the occasion of the water heater Mo Au Cang Organisation ⑶ a ditch Mi diarrhoea is fresh gravesぞ% N Ni-Xiu Xie Kang-mycophenolateぞCeftiofur is the gun Hao clamsぞline «This must spend time and money. After you how many water heaters will be installed »Think about it this way, how much do you really save money» »
Therefore, although the majority of millionaires are frugal. But not like people to understand, frugality is the "everything their own hands." When the family economy will truly enhance economic efficiency, the millionaire is very thrifty. "Webster English Dictionary" is "thrifty" defined as "the use of resources for economic characteristics, or to reflect the economic use of resources." Key words here are the resources, not only cost the first time or the money spent by U.S. dollar assets, but the entire dynamic cycle of the resources spent. Most millionaires are not always their own hands! Their approach is: from their leisure earned income, then these revenues will be used to hire full-time painter, carpenter and installation work, it would more economic efficiency. They will not be seized because the sesame and watermelon lost. In reducing the operating costs of families improve their economic strength, the millionaire on the cost of the entire dynamic cycle very sensitive. Maintaining a good water heater may be used more than 10 years, in so many years, its costs enough to be compensated for the first time, the millionaire on this issue to consider.
There is a just give you the installation of a new water heater installed in his working time per hour in the money than you Zhuande Duo - hired him without their own stem is not a mistake »you may think that I have visited The millionaire is how to think of it »
Millionaires and those who may become the rich man of the people "first cost" is not sensitive, they are only the "dynamic cycle cost" very sensitive. "First cost" means that if you install a water heater and not to skilled workers by the installation of the cost savings. In this process, you may save 150 U.S. dollars, but in the subsequent use, the installation by the installation of the operating costs of the water heater may be your own than to install the water heater save 150 U.S. dollars more than the money, because they are more experienced, Better technology, with their hands to install the water heater will be more durable and faster in hot water. Due to lack of experience, you can easily make mistakes during the installation process, burned system. Worse, if the gas leak, but also so that you and your family poisoning, these questions are in order to save costs and the first time.
At the same time there is a balance problem. You can not install the water heater in the dry at the same time other things. Although the installation of hourly workers in demand in the price per hour of work than you paid, through their own installation, you can save some money. However, you did not take into account the dynamic cycle of difference. This is the millionaire and you think the difference. Think about it: If you decide to install water heaters in person, you have to buy water heater, which was how much time and energy »you could be time and energy spent on upgrading your professional skills or research investment; you could be Time to find new customers - to find a new customer could earn the money much more than 150 U.S. dollars. Bought the water heater, you must also learn the occasion of the water heater Mo Au Cang Organisation ⑶ a ditch Mi diarrhoea is fresh gravesぞ% N Ni-Xiu Xie Kang-mycophenolateぞCeftiofur is the gun Hao clamsぞline «This must spend time and money. After you how many water heaters will be installed »Think about it this way, how much do you really save money» »
Therefore, although the majority of millionaires are frugal. But not like people to understand, frugality is the "everything their own hands." When the family economy will truly enhance economic efficiency, the millionaire is very thrifty. "Webster English Dictionary" is "thrifty" defined as "the use of resources for economic characteristics, or to reflect the economic use of resources." Key words here are the resources, not only cost the first time or the money spent by U.S. dollar assets, but the entire dynamic cycle of the resources spent. Most millionaires are not always their own hands! Their approach is: from their leisure earned income, then these revenues will be used to hire full-time painter, carpenter and installation work, it would more economic efficiency. They will not be seized because the sesame and watermelon lost. In reducing the operating costs of families improve their economic strength, the millionaire on the cost of the entire dynamic cycle very sensitive. Maintaining a good water heater may be used more than 10 years, in so many years, its costs enough to be compensated for the first time, the millionaire on this issue to consider.
Millionaire families of the top five financial questions, 2
Coupon is not important but the children from the church financial management
Why do so many of the millionaires will prepare a detailed shopping list? »Which there are still another reason - a reason for shopping with them in the use of coupons for the same. Their children and children's children will note that these processes and, ultimately, that an organized family should be like what.
American millionaire to imagine a scenario on the table at home: a game is being. Children are advertising in newspapers and find parents Yongde Zhao coupons. If coupons found, to their return is not just a smile, because they are on an important courses, this course of their adult life very helpful. Her mother taught her children not only how to find coupons, but also teach them basic technical presentation. She is a scalable, according to the alphabetical order of the folder, which saved her coupons. She used this folder to teach her children how to organize coupons and summarized.
This process will enable them to the very price sensitive, and so that they learn to protect their money. Learn how to protect their money sooner the better. Then, the children also help prepare a shopping list. They can coupons and advertisements on some discount items together. Teach children how to organize, plan and comprehensive information, this is the future of their benefits.
Start from scratch most of the millionaires will tell you that the proper planning and organization to explain their economic success is how important. They will tell you that their parents, particularly their mothers, the plan is excellent and organizers. In my survey, every five millionaires out of four said he believed that when the main industry, business and economic resources at risk, to deal with these major issues, proper organization and plans to overcome fear and anxiety is the main factor.
Look at your own children. When they use in accordance with your request coupons develop shopping list, they precisely for the distribution of economic resources and the right to choose the right vendor to develop a strategic plan. You can even ask them ready for the supermarket Neijing map, together with the detailed distribution of goods. They marked with a goods you need, and then give you maps and orders you to buy, as general manager of the same.
Coupons will not even cut a lot of money saved, even prepare a shopping list of individuals not in terms of economy, but you "program instructor" role with your child to work together, this will be a future Time to give them benefits. Similarly, strictly in accordance with the family bills, family activities and the domestic calendar, will bring benefits to them.
In just the children learn to ride a bike, they should know how to a monthly schedule of the planned system is beneficial. Parents should teach and asked the children to develop their own schedule. At first, they can take their household chores included in the above, but which should also include a number of other interesting things, such as birthday parties and other social activities.
We must always remember: If you become organized and disciplined, your child will imitate your behavior. And if you're in the family is very chaotic, your children will also learn your way. Teach by example is more effective than simply preaching. We should know that successful people are those who know and know how to plan and organize the people. At this point, parents themselves must first become a model for the children.
Why do so many of the millionaires will prepare a detailed shopping list? »Which there are still another reason - a reason for shopping with them in the use of coupons for the same. Their children and children's children will note that these processes and, ultimately, that an organized family should be like what.
American millionaire to imagine a scenario on the table at home: a game is being. Children are advertising in newspapers and find parents Yongde Zhao coupons. If coupons found, to their return is not just a smile, because they are on an important courses, this course of their adult life very helpful. Her mother taught her children not only how to find coupons, but also teach them basic technical presentation. She is a scalable, according to the alphabetical order of the folder, which saved her coupons. She used this folder to teach her children how to organize coupons and summarized.
This process will enable them to the very price sensitive, and so that they learn to protect their money. Learn how to protect their money sooner the better. Then, the children also help prepare a shopping list. They can coupons and advertisements on some discount items together. Teach children how to organize, plan and comprehensive information, this is the future of their benefits.
Start from scratch most of the millionaires will tell you that the proper planning and organization to explain their economic success is how important. They will tell you that their parents, particularly their mothers, the plan is excellent and organizers. In my survey, every five millionaires out of four said he believed that when the main industry, business and economic resources at risk, to deal with these major issues, proper organization and plans to overcome fear and anxiety is the main factor.
Look at your own children. When they use in accordance with your request coupons develop shopping list, they precisely for the distribution of economic resources and the right to choose the right vendor to develop a strategic plan. You can even ask them ready for the supermarket Neijing map, together with the detailed distribution of goods. They marked with a goods you need, and then give you maps and orders you to buy, as general manager of the same.
Coupons will not even cut a lot of money saved, even prepare a shopping list of individuals not in terms of economy, but you "program instructor" role with your child to work together, this will be a future Time to give them benefits. Similarly, strictly in accordance with the family bills, family activities and the domestic calendar, will bring benefits to them.
In just the children learn to ride a bike, they should know how to a monthly schedule of the planned system is beneficial. Parents should teach and asked the children to develop their own schedule. At first, they can take their household chores included in the above, but which should also include a number of other interesting things, such as birthday parties and other social activities.
We must always remember: If you become organized and disciplined, your child will imitate your behavior. And if you're in the family is very chaotic, your children will also learn your way. Teach by example is more effective than simply preaching. We should know that successful people are those who know and know how to plan and organize the people. At this point, parents themselves must first become a model for the children.
Millionaire families of the top five financial questions,
Most people have heard in many millionaires will adopt the following ways to enhance the economic efficiency of their families will be very surprised: refurbishment of furniture rather than the purchase of new, replacement cheaper long-distance telephone company; never by telephone shopping for shoes will be the end of Or repaired; buy groceries using coupons, buying the bulk of household items.
Millionaires do not really spend money潇洒
Millionaires not only in the accumulation of wealth, successful enterprises and the creation of high-income earners on the very success, they generally also have efficient financial management of the family. Most people have heard in many millionaires will adopt the following ways to enhance the economic efficiency of their families will be very surprised: refurbishment of furniture rather than the purchase of new, replacement cheaper long-distance telephone company; never by telephone shopping for shoes will be the end of Or repaired; buy groceries using coupons, buying the bulk of household items.
Some people often ask me: "Why are millionaires also use coupons?« But doing so can save 50 cents a day, how many lives it can save »!" In the United States, the typical well-off families a week in food and household supplies The expenditure on over 200 U.S. dollars per year more than 10,000 U.S. dollars. The adults in his life, the figure around 400,000 to 600,000 U.S. dollars between. But if you know that this figure will be reduced 50 percent, to 200,000 to 300,000 U.S. dollars and the money to invest in a ranking of the top stock funds, according to the rate of return over the past few years, you have to earn The money will be over 500,000 U.S. dollars, how would you do »
The vast majority of millionaires pinning hopes on the future. They may have certain period of time in various activities to calculate costs and benefits in order to achieve savings. Such acts of wealth accumulation and a high degree of correlation, which is thrifty millionaire comprehensive plan in a small piece.
Key here. Today, the United States has 2 / 3 of consumers are more impulsive type of consumers. He did not carry shopping alone or with only a short shopping list to appear in a supermarket. They have no plan, in shopping centres in four stroll, which is likely to spend in looking for more time. The more time spent, he spent more and more money. This fact once again been confirmed. Moreover, no shopping list of circumstances, people often need to purchase only after weeks or simply do not need things. You might think that most of the millionaire is to allow maids to take to the streets shopping. In fact, most millionaires like himself to buy daily necessities.
Then, in a food store to buy things in the best way what is it «I have seen in the millionaire and his wife, a couple doing the best. They often patronize the two food shops Nei Jing painted the map, and marked on each type of merchandise the name and location. This map will serve as the weekly shopping list and Buy plans. If in a week they run out of a particular item, they will be on the map on this painting of a circle. They also use this method for shopping, of course, a discount coupons and related gift will be credited on the map.
This sounds like a lot of work needed, the actual is not the case. They have their own views. If you do not have a shopping list, not to plan, then you will be in the weekly food shop to spend 20 minutes, 30 minutes or more time, that is, you do not plan ahead of the reason. If the occupation of 30 minutes per week, the adults in his life, this would be 62,400 to 78,000 minutes, or 1,040 to 1,300 hours.
Your life in more than 62,000 minutes of time wasted in a food store, this is definitely not very efficient behavior - if the time was spent on investment plans, see your sons and daughters to play baseball or softball, holiday, Thanksgiving God Blessed, you upgrade the computer technology, physical activity, good business, or write books, Do not you think that it would be better »
Millionaires do not really spend money潇洒
Millionaires not only in the accumulation of wealth, successful enterprises and the creation of high-income earners on the very success, they generally also have efficient financial management of the family. Most people have heard in many millionaires will adopt the following ways to enhance the economic efficiency of their families will be very surprised: refurbishment of furniture rather than the purchase of new, replacement cheaper long-distance telephone company; never by telephone shopping for shoes will be the end of Or repaired; buy groceries using coupons, buying the bulk of household items.
Some people often ask me: "Why are millionaires also use coupons?« But doing so can save 50 cents a day, how many lives it can save »!" In the United States, the typical well-off families a week in food and household supplies The expenditure on over 200 U.S. dollars per year more than 10,000 U.S. dollars. The adults in his life, the figure around 400,000 to 600,000 U.S. dollars between. But if you know that this figure will be reduced 50 percent, to 200,000 to 300,000 U.S. dollars and the money to invest in a ranking of the top stock funds, according to the rate of return over the past few years, you have to earn The money will be over 500,000 U.S. dollars, how would you do »
The vast majority of millionaires pinning hopes on the future. They may have certain period of time in various activities to calculate costs and benefits in order to achieve savings. Such acts of wealth accumulation and a high degree of correlation, which is thrifty millionaire comprehensive plan in a small piece.
Key here. Today, the United States has 2 / 3 of consumers are more impulsive type of consumers. He did not carry shopping alone or with only a short shopping list to appear in a supermarket. They have no plan, in shopping centres in four stroll, which is likely to spend in looking for more time. The more time spent, he spent more and more money. This fact once again been confirmed. Moreover, no shopping list of circumstances, people often need to purchase only after weeks or simply do not need things. You might think that most of the millionaire is to allow maids to take to the streets shopping. In fact, most millionaires like himself to buy daily necessities.
Then, in a food store to buy things in the best way what is it «I have seen in the millionaire and his wife, a couple doing the best. They often patronize the two food shops Nei Jing painted the map, and marked on each type of merchandise the name and location. This map will serve as the weekly shopping list and Buy plans. If in a week they run out of a particular item, they will be on the map on this painting of a circle. They also use this method for shopping, of course, a discount coupons and related gift will be credited on the map.
This sounds like a lot of work needed, the actual is not the case. They have their own views. If you do not have a shopping list, not to plan, then you will be in the weekly food shop to spend 20 minutes, 30 minutes or more time, that is, you do not plan ahead of the reason. If the occupation of 30 minutes per week, the adults in his life, this would be 62,400 to 78,000 minutes, or 1,040 to 1,300 hours.
Your life in more than 62,000 minutes of time wasted in a food store, this is definitely not very efficient behavior - if the time was spent on investment plans, see your sons and daughters to play baseball or softball, holiday, Thanksgiving God Blessed, you upgrade the computer technology, physical activity, good business, or write books, Do not you think that it would be better »
To achieve the three investors, "Adaptation"
-- Tianjin - May 25 (Xinhua Xu Yue, Huang Cong) China registered financial planners in recent Liang Zhao secretary general of the Association of the "2008 Tianjin International finance and investment exposition," said that with China's economic growth and relatively high-speed Structural changes in capital markets, Chinese investors from now on a 3 "Adaptation."
Liang Zhao said, is the first adaptation of global economic integration after the Chinese capital market. Although not free convertibility of the yuan, but China's continued strong economic strength, China's economic impact on the world market, the world market volatility on China's influence will be great, not only to Chinese investors concerned about the domestic A-share market, but also to understand World capital markets;
The second is to "full circulation" after the Chinese market. Before the Chinese market by the split share structure pattern to the full realization of "full circulation" pattern of China's capital market is a qualitative change, this may be a very difficult process, but also a wealth redistribution process, this should investors Deep understanding;
The third is to adapt to China joint-stock reform, the listed company's shareholders mentality changes. Analysis of view, from the second half of last year to the first half of this year, the shareholders of listed companies on the leading role of large markets, because they hold a lot of hands, to be thawed and the stock has thawed, the right to speak on the market in the next The gradual release of 23, thus affecting the market situation.
Liang Zhao said, is the first adaptation of global economic integration after the Chinese capital market. Although not free convertibility of the yuan, but China's continued strong economic strength, China's economic impact on the world market, the world market volatility on China's influence will be great, not only to Chinese investors concerned about the domestic A-share market, but also to understand World capital markets;
The second is to "full circulation" after the Chinese market. Before the Chinese market by the split share structure pattern to the full realization of "full circulation" pattern of China's capital market is a qualitative change, this may be a very difficult process, but also a wealth redistribution process, this should investors Deep understanding;
The third is to adapt to China joint-stock reform, the listed company's shareholders mentality changes. Analysis of view, from the second half of last year to the first half of this year, the shareholders of listed companies on the leading role of large markets, because they hold a lot of hands, to be thawed and the stock has thawed, the right to speak on the market in the next The gradual release of 23, thus affecting the market situation.
China's financial network CEO Dr. Zhao Liang on personal finance
At 9:14 on May 28, 2008
May 23, the first financial Cultural Festival in Tianjin in 2008 and international finance and investment in Tianjin Binhai International Conference and Exhibition at Expo Centre. China's fiscal planners, secretary general of the Association, the Chinese financial network CEO Dr. Zhao Liang invited to attend the meeting and the "little gold - the financial elite financial dialogue" forum delivered a wonderful speech.
"The Fair" the first day, a domestic financial market situation on the Summit has attracted the attention of the participants. Zhao Liangbo Stephen to the Chinese financial market restless, Jidong, fibrillation, the action of "four dynamic" of view, it is refreshing.
Liang Zhao said: "From 2006, 2007, increased significantly during the stock market, many investors into the investment market, many people say no to buy-is-an equity fund that is, if the Fund must buy hybrid that you The brain defects, bought a piece of money from the fund after two money to earn a lot of money, and also that many people enter the stock market, this time for fiscal everyone is buying stocks, buying stocks funds, other things not More consideration, the fiscal "Jidong" from October, the market is not obvious rise even started to decline, we do not know Why is there such financial problems. To the third stage of the fibrillation, we found that the bank financing products A zero income, but also the banks of these financial products is not so safe, and this time everyone on a confused and puzzled that the original fiscal input after a money today, tomorrow is the two money, is more between the Zhuanshun Become a millionaire, the beginning of the year fibrillation more formidable, not only from 6,000 points to 3,000 points, or even all of the rumors have begun, for instance, the China Banking Regulatory Commission recently issued a number of financial products the new requirements, I think this time of market entry The normal state, is the next action. Why do I say that, in fact, all actions, but I said that action should be rational and normal, because when the kids can walk Bengbengtiaotiao, but can Bengbengtiaotiao children, adults Can not, the action on behalf of the people on the concept of the financial markets mature, I think this is the need for a very long time, the action only just beginning, because fibrillation is not over, so I hope everyone through this forum, the action can be Understanding. "
When talking about how personal financial management issues, Liang Zhao said that with China's economic growth and relatively high speed of structural changes in capital markets, Chinese investors from now on a 3 "Adaptation."
Liang Zhao said: "This term finance and investment is a beautiful misunderstanding is the common mistake, I think we should separate the investment and financial management, financial management is a broad scope, and investment is only one of the field, I say that . Consumption is not the fiscal »China's financial network in the formulation of ideas, our consumption, China's 5,000-year history is Qinjianchijia stresses, is to have half a bowl of rice to eat today, tomorrow, eat half of fiscal management is to enjoy life, I Financial management is a concept put forward is to enjoy life, which fiscal spending is very important component of. "
"I am in a number of forums which made it clear that I am opposed to 'the slaves',' card slaves', 'car slaves' words, look at the rich world, is relying on its own a few of the assets of the rich rolling change »By foreign forces are to the rich, no outside help is very difficult to enrich their own, no bank products, including personal loans, Auto Financing, credit cards, have become the slaves, slaves cards, car slaves, not because of the wrong products , Is used because the products were not deep understanding of it, risk control not enough, ordinary people Yunyunzhongsheng, if on their own money each month 1000 2000 money life very difficult, so must be scientific, appropriate and reasonable use of External force to carry out the scientific manipulation, so I say that this is the essence of science. Has become a 'card slaves',' car Slavery ',' the slaves', because he do not know, do not understand that we should learn and I think that Fashion which includes a consumer, the second is to find ways to use foreign forces as soon as possible so that their own prosperity. "Liang Zhao said.
Liang Zhao, Chinese investors from now on a 3 "Adaptation."
The first is the adaptation of global economic integration after the Chinese capital market. Chinese investors should not only concern the domestic A-share market, but also to understand the world capital markets;
The second is to "full circulation" after the Chinese market. This may be a very difficult process, but also a wealth redistribution process, investors should have a deep understanding;
The third is to adapt to China joint-stock reform, the listed company's shareholders mentality changes. Because they hold a lot of hands, to be thawed and the stock has been thawed, they will market the right to speak in the next 23 gradually released, thus affecting the market situation.
For fiscal habits we may not have a false distinction, in fact, consider the wisdom of ordinary people usually do not have their own consumption from the actual action of exclusion, but gradually the word and fiscal management and more distant, and perhaps should be everyone's life Experience and wisdom in the direction from this perspective runs through it, in fact, including financial management or on the arrangements for the consumer, but also to lifestyle and a broader move to a broader understanding of the broader areas of financial management.
May 23, the first financial Cultural Festival in Tianjin in 2008 and international finance and investment in Tianjin Binhai International Conference and Exhibition at Expo Centre. China's fiscal planners, secretary general of the Association, the Chinese financial network CEO Dr. Zhao Liang invited to attend the meeting and the "little gold - the financial elite financial dialogue" forum delivered a wonderful speech.
"The Fair" the first day, a domestic financial market situation on the Summit has attracted the attention of the participants. Zhao Liangbo Stephen to the Chinese financial market restless, Jidong, fibrillation, the action of "four dynamic" of view, it is refreshing.
Liang Zhao said: "From 2006, 2007, increased significantly during the stock market, many investors into the investment market, many people say no to buy-is-an equity fund that is, if the Fund must buy hybrid that you The brain defects, bought a piece of money from the fund after two money to earn a lot of money, and also that many people enter the stock market, this time for fiscal everyone is buying stocks, buying stocks funds, other things not More consideration, the fiscal "Jidong" from October, the market is not obvious rise even started to decline, we do not know Why is there such financial problems. To the third stage of the fibrillation, we found that the bank financing products A zero income, but also the banks of these financial products is not so safe, and this time everyone on a confused and puzzled that the original fiscal input after a money today, tomorrow is the two money, is more between the Zhuanshun Become a millionaire, the beginning of the year fibrillation more formidable, not only from 6,000 points to 3,000 points, or even all of the rumors have begun, for instance, the China Banking Regulatory Commission recently issued a number of financial products the new requirements, I think this time of market entry The normal state, is the next action. Why do I say that, in fact, all actions, but I said that action should be rational and normal, because when the kids can walk Bengbengtiaotiao, but can Bengbengtiaotiao children, adults Can not, the action on behalf of the people on the concept of the financial markets mature, I think this is the need for a very long time, the action only just beginning, because fibrillation is not over, so I hope everyone through this forum, the action can be Understanding. "
When talking about how personal financial management issues, Liang Zhao said that with China's economic growth and relatively high speed of structural changes in capital markets, Chinese investors from now on a 3 "Adaptation."
Liang Zhao said: "This term finance and investment is a beautiful misunderstanding is the common mistake, I think we should separate the investment and financial management, financial management is a broad scope, and investment is only one of the field, I say that . Consumption is not the fiscal »China's financial network in the formulation of ideas, our consumption, China's 5,000-year history is Qinjianchijia stresses, is to have half a bowl of rice to eat today, tomorrow, eat half of fiscal management is to enjoy life, I Financial management is a concept put forward is to enjoy life, which fiscal spending is very important component of. "
"I am in a number of forums which made it clear that I am opposed to 'the slaves',' card slaves', 'car slaves' words, look at the rich world, is relying on its own a few of the assets of the rich rolling change »By foreign forces are to the rich, no outside help is very difficult to enrich their own, no bank products, including personal loans, Auto Financing, credit cards, have become the slaves, slaves cards, car slaves, not because of the wrong products , Is used because the products were not deep understanding of it, risk control not enough, ordinary people Yunyunzhongsheng, if on their own money each month 1000 2000 money life very difficult, so must be scientific, appropriate and reasonable use of External force to carry out the scientific manipulation, so I say that this is the essence of science. Has become a 'card slaves',' car Slavery ',' the slaves', because he do not know, do not understand that we should learn and I think that Fashion which includes a consumer, the second is to find ways to use foreign forces as soon as possible so that their own prosperity. "Liang Zhao said.
Liang Zhao, Chinese investors from now on a 3 "Adaptation."
The first is the adaptation of global economic integration after the Chinese capital market. Chinese investors should not only concern the domestic A-share market, but also to understand the world capital markets;
The second is to "full circulation" after the Chinese market. This may be a very difficult process, but also a wealth redistribution process, investors should have a deep understanding;
The third is to adapt to China joint-stock reform, the listed company's shareholders mentality changes. Because they hold a lot of hands, to be thawed and the stock has been thawed, they will market the right to speak in the next 23 gradually released, thus affecting the market situation.
For fiscal habits we may not have a false distinction, in fact, consider the wisdom of ordinary people usually do not have their own consumption from the actual action of exclusion, but gradually the word and fiscal management and more distant, and perhaps should be everyone's life Experience and wisdom in the direction from this perspective runs through it, in fact, including financial management or on the arrangements for the consumer, but also to lifestyle and a broader move to a broader understanding of the broader areas of financial management.
5/27/08
Online survey showed that 80% believe that the rich should donate
Vanke against a public crisis of confidence, because Wang for the earthquake-stricken area in Sichuan in the level of contributions and attitude of the sky. In the May 12 earthquake in Wenchuan Te on the same day announced a contribution of 2.2 million yuan of Vanke, and finally in the May 19, in the form of a notice that it would invest 100 million yuan free to participate in post-disaster reconstruction. By coincidence. Star Taiwan but also because some contributions than people expected, attracted a netizen accused the Voice.
Vanke against a public crisis of confidence, because Wang for the earthquake-stricken area in Sichuan in the level of contributions and attitude of the sky. In the May 12 earthquake in Wenchuan Te on the same day announced a contribution of 2.2 million yuan of Vanke, and finally in the May 19, in the form of a notice that it would invest 100 million yuan free to participate in post-disaster reconstruction. By coincidence. Star Taiwan but also because some contributions than people expected, attracted a netizen accused the Voice.
Recently, the China Youth Daily social survey center and customer survey network that started a joint online survey (7501 participants): 58.8 percent of the public think of how much and can not be used to measure a person or an enterprise of love and responsibility. Nevertheless, there are still 80% (80.2%) want the rich to donate more.
Survey shows that 91.7 percent of the public have contributions to the disaster areas, 5.8 percent of the respondents said that "to donate, not enough time", only 2.5 percent of the people did not donate. In addition, 75.9 percent of the public that this was their biggest over the past five years the amount of a contribution.
Survey shows that 93.8 percent of the public concern in the community contributions, of which 61.1 percent of the public have "very concerned."
There are many contributions to the public was impressed. Nominate up to the public before the 10 cases are: the huge amount of contributions (70.8 percent), low-income people (49.3%), the earliest contributions (39.3%), the wealthy celebrity (39%), foreign government agencies (36.7 %), The usual idols (31.6%), Hong Kong and Macao compatriots (31.5%), transnational groups (29.5%), general Gong Xinzu (28.5%), overseas Chinese, overseas Chinese and Chinese students (25.3%). Another 16.9 percent of those surveyed said "all contributions are very deep impression."
The more wealth is not on the contributions should be more »survey shows that 80.2 percent of the public that the rich or large enterprises should be more donations. Reason so on, of which 48.4 percent of people believe that "the more capacity, the greater the responsibility."
Vanke against a public crisis of confidence, because Wang for the earthquake-stricken area in Sichuan in the level of contributions and attitude of the sky. In the May 12 earthquake in Wenchuan Te on the same day announced a contribution of 2.2 million yuan of Vanke, and finally in the May 19, in the form of a notice that it would invest 100 million yuan free to participate in post-disaster reconstruction. By coincidence. Star Taiwan but also because some contributions than people expected, attracted a netizen accused the Voice.
Recently, the China Youth Daily social survey center and customer survey network that started a joint online survey (7501 participants): 58.8 percent of the public think of how much and can not be used to measure a person or an enterprise of love and responsibility. Nevertheless, there are still 80% (80.2%) want the rich to donate more.
Survey shows that 91.7 percent of the public have contributions to the disaster areas, 5.8 percent of the respondents said that "to donate, not enough time", only 2.5 percent of the people did not donate. In addition, 75.9 percent of the public that this was their biggest over the past five years the amount of a contribution.
Survey shows that 93.8 percent of the public concern in the community contributions, of which 61.1 percent of the public have "very concerned."
There are many contributions to the public was impressed. Nominate up to the public before the 10 cases are: the huge amount of contributions (70.8 percent), low-income people (49.3%), the earliest contributions (39.3%), the wealthy celebrity (39%), foreign government agencies (36.7 %), The usual idols (31.6%), Hong Kong and Macao compatriots (31.5%), transnational groups (29.5%), general Gong Xinzu (28.5%), overseas Chinese, overseas Chinese and Chinese students (25.3%). Another 16.9 percent of those surveyed said "all contributions are very deep impression."
The more wealth is not on the contributions should be more »survey shows that 80.2 percent of the public that the rich or large enterprises should be more donations. Reason so on, of which 48.4 percent of people believe that "the more capacity, the greater the responsibility."
China today the seven major types of business tycoons
1. Bishangliangshan type (Guangdong Qi Xi Yi, chairman of Computer Xianzhong Limited)
From the late 1970s to the late 1980s, as long as 10 years to be completed within the Chinese business tycoons mostly belonging to Bishangliangshan type. In the 1990s until today, this type have appeared. Its representatives are typical for several consecutive years ranked "Forbes" China's rich list forefront of the Li Xiaohua, and the founder of Qi Xi Computer Co., Ltd. of Guangdong easy Xianzhong. Li Xiaohua of the Diyitongjin靠在Beidaihe trafficking is the so-called "American cold drink," dug in, then investment is 3,500 yuan, the harvest amounted to 100,000 yuan. After Lee also put the video in Qinhuangdao, millions of profit. Lee was truly Dongdu outbreak is Japan as Chapter 101-fine hair regeneration of the distributor in Japan. Lee to the mainland of China has a Ferrari sports car known for the first time for 1993.
The former is a venture in Guangzhou Pharmaceutical Group, a state-owned enterprises under the director, the daughter suffering from brain disease, and to raise medical fees to sea. Diyitongjin is easy for the closure of the Guangzhou Nanfang Building renovation produced 500 energy-saving electronic ballasts, the capital of Lan from the small town of Zhongshan, Guangdong owner of a small credit, the value of 5,000 yuan of electronic materials. - 50 square meters of housing to do their own factories, was 1,000 yuan, which set up easy after the Baiyun energy-saving electrical and electronic plants, three on profits 140,000 yuan and easy to be regarded as their true Diyitongjin. Daughter-in for medical treatment raised the money after the original decision to return to work after the factory because of decay, the last resort only the second time to put out to sea, the creation of Guangdong Qi Xi Computer Co., Ltd., the personal assets Guoyi.
Second, Clear the Air-or-stimulation (Chongqing Little Swan Group Chairman Chang-Liao)
Chongqing is a typical representative of the Little Swan Group Chairman Chang-Liao.
Liao ordinary family, the countryside has been eight years, the educated youth, back to the city after the Chongqing Urban Construction Bureau in the electrician, married Mr Ho Ho Qi Mei-chi. He famous beauty, then in a shoe factory when the designers, and good at fashion design. Ho seven sisters, six in the Ruyilangjun married, only Liao as "low", so much everybody runs on, embarrassing situation. Liao stimulated by this, vowed to venture to notoriety.
Liao resigned sea, to sell housing from 3,000 yuan to the principal, rent 16 square meters in a small store, began operating pot, at the beginning of the business is going, do not make the anti-deficit. Liao in the understanding and help of his wife, perseverance and innovation of the force, a few months later developed quite different from the traditional flavor of Chongqing hot pot of Mala litchi flavor dishes, began to profitability. Then again later developed wind
Name of the major north-south Yuanyang Chongqing hot pot, the upper floor of the cause of independence started from shop to shop to large enterprise groups. Liao Fafen sea in 1982, will be worth millions of Diyitongjin, the personal assets of 100 million yuan.
Third, logical type (farmers entrepreneurs, Lu Guanqiu)
Lu Guanqiu for its typical representative, Shen Aiqin, Gui-Lian Li, because of their enterprises by the township enterprises or collective enterprises from restructuring, has a long history and development success, in line with policy, a matter of course. Generally speaking, the entrepreneurs personal Diyitongjin issues, such enterprises are mostly vague concept.
4, with the trend of the times, the dumping of home games (Dalian Han Wei Enterprise Group founder Han Wei)
On behalf of a "China-chicken," said the founder of enterprise groups in Dalian Han Wei Han Wei.
1956, Han Wei Jian was born in Dalian advancement of the three East Nihe a peasant family in the village. In the mid-1970s by three strokes Jian Zhen livestock assistants. Regarding the resignation of South Korea in 1984, venture capital from relatives and friends in the Department to 3,000 yuan, raising hens 50, with the end of the Korean bank loan-to-15 million, began to set up poultry farms, in one stroke to become the largest farming Zhuanye Hu Dalian , Dalian has become the most indebted self-employed.
South Korea has been able in the case of unsecured loans from the bank as a money-because at the time of Dalian City are promoted "vegetable basket project", South Korea's farm expansion project is the "radical government of urgency." In support of the Government, and South Korea soon loan fund-raising 2.08 million yuan, set up an area of 44 mu, building area of 8,000 square meters, 80,000 chicken farmers in modern Korean chicken farms often start from scratch, the first year of its farm output value reached 2.1 million yuan, which is dug in the Han Diyitongjin.
5, blood type or impulse-type (Haiwang Group Zhang Simin)
Zhang Simin, Wu Jian belong to such. Zhang Simin is particularly typical. Most of these entrepreneurs ended up in failure, even those achievements, mostly through bumpy, and in the process of enterprise development Lvjing repeatedly.
Wu Zhijian the Diyitongjin, is the original contract Shenzhen materials company in East China shopping malls and a half months of 170,000 yuan in profit. Wu's venture capital is writing from 2000 yuan Gao Fei.
March 1999, Wu Jian, because of their political enterprise groups in debt 200 million yuan, the Shenzhen Municipal Government in the news media orders not to carry out high consumption, not to sit senior living villas car.
Zhang Simin the Haiwang Group in 1992-97, and have encountered significant risks, business nearly shipwreck. After the listing through its investment and nearly blind due to fracture of the funds continued to be linked only to survive.
When the people are from Australia Diyitongjin investors of investment, this investment of 1 million U.S. dollars, Zhang accounted for the bulk of the shares. Zhang for the original venture capital is only 3,000 yuan a day-to-day savings.
6. Yinyuanjihui type or inadvertently inserted-Liu (Shanghai Regal Zhang Guoxi)
Such entrepreneurs is the typical characteristic of fortune originally thought, just want to solve the problem of survival, but even bump into that of Choi. Its typical representative for Zhang Guoxi.
1972, Zhang Guoxi by Yu Jiang in Jiangxi Province, the local delegation of the impact of the Shanghai educated youth, Huaichuai 200 yuan, to find a way out of Shanghai. By chance, in Shanghai and Sichuan Road, the Shanghai Sculpture Art Works found that a sculpture Zhangmu Xiang had to sell more than 200 yuan. Zhang Ling Ji trigger immediately, immediately returned to his home in accordance with the procedures Shanghai production Zhangmu Xiang "依葫芦画瓢." Half a year later, Zhang's first sculpture Zhang Muxiang products. Through the Shanghai Arts & Crafts Import & Export Company, the first production of its own products only participated in the Guangzhou Trade Fair, and lucky enough to get the 20 sets of orders Zhangmu Xiang, earning over 10,000 yuan. This is a dug-Diyitongjin. Zhang venture capital for 1,400 yuan from the sale of assets and Jiangxi Jiang Yu-rich Zhangmu local raw materials.
7, knowledge-based (UF Software president Wang Wenjing)
Specifically, this type have various different:
One is with its own patented technology, developed by its own patented technology, such as in the ring to be (CECO) Chairman Wu Tong.
Wu Tong in Beijing to set up in the ring to environmental protection technology Limited. Miss good at invention, the name has a number of patented technologies, only its "urban waste disposal systems integration," a patent, it is estimated that intangible assets amounted to 1.25 billion yuan, a famous magazine estimated the United States, Wu's patent total, the value of More than 10 billion U.S. dollars. Established in Beijing in part to be environmentally friendly Technology Co., Ltd., Wu venture in Shenzhen, tens of millions of profit, was due to fraud, asset finishes Jing March 2001, Miss carrying 2,000 yuan the second venture in Beijing, three months after the , Only to a certain well-known South Korean companies sell "garbage classification burning technology," 15 right to use the profit that is more than 20 million U.S. dollars.
Wang Wenjing UF software can also rely on technology started as a class. In addition to such entrepreneurs in their own technology, entrepreneurship in the process of also using more of the external forces, particularly the Government forces, so sometimes gives the flavor of Yinrenchengshi. The third type of Zhi-Dong Wang, Charles Zhang, Ding Lei as the representative of a class, is the trend of the times were hard pushed Regal seats in a class. Such tycoons known as the "knowledge heroes" and "Knowledge", but in fact the exception Zhi-Dong Wang has been the development of a Chinese platform software, Ding has been the development of a simple 163 e-mail system, other people and Wei Jiande The number of technology at all. The Zhi-Dong Wang and Ding Lei of Diyitongjin are from their software was developed, the number of hundreds of thousands and millions range. Generally speaking, such "heroes" because of the lack of foundation, starting fast, under the De Yekuai, is the so-called "rice-Shu see a thousand waves, over and under Xiyan Heroes" is also.
From the late 1970s to the late 1980s, as long as 10 years to be completed within the Chinese business tycoons mostly belonging to Bishangliangshan type. In the 1990s until today, this type have appeared. Its representatives are typical for several consecutive years ranked "Forbes" China's rich list forefront of the Li Xiaohua, and the founder of Qi Xi Computer Co., Ltd. of Guangdong easy Xianzhong. Li Xiaohua of the Diyitongjin靠在Beidaihe trafficking is the so-called "American cold drink," dug in, then investment is 3,500 yuan, the harvest amounted to 100,000 yuan. After Lee also put the video in Qinhuangdao, millions of profit. Lee was truly Dongdu outbreak is Japan as Chapter 101-fine hair regeneration of the distributor in Japan. Lee to the mainland of China has a Ferrari sports car known for the first time for 1993.
The former is a venture in Guangzhou Pharmaceutical Group, a state-owned enterprises under the director, the daughter suffering from brain disease, and to raise medical fees to sea. Diyitongjin is easy for the closure of the Guangzhou Nanfang Building renovation produced 500 energy-saving electronic ballasts, the capital of Lan from the small town of Zhongshan, Guangdong owner of a small credit, the value of 5,000 yuan of electronic materials. - 50 square meters of housing to do their own factories, was 1,000 yuan, which set up easy after the Baiyun energy-saving electrical and electronic plants, three on profits 140,000 yuan and easy to be regarded as their true Diyitongjin. Daughter-in for medical treatment raised the money after the original decision to return to work after the factory because of decay, the last resort only the second time to put out to sea, the creation of Guangdong Qi Xi Computer Co., Ltd., the personal assets Guoyi.
Second, Clear the Air-or-stimulation (Chongqing Little Swan Group Chairman Chang-Liao)
Chongqing is a typical representative of the Little Swan Group Chairman Chang-Liao.
Liao ordinary family, the countryside has been eight years, the educated youth, back to the city after the Chongqing Urban Construction Bureau in the electrician, married Mr Ho Ho Qi Mei-chi. He famous beauty, then in a shoe factory when the designers, and good at fashion design. Ho seven sisters, six in the Ruyilangjun married, only Liao as "low", so much everybody runs on, embarrassing situation. Liao stimulated by this, vowed to venture to notoriety.
Liao resigned sea, to sell housing from 3,000 yuan to the principal, rent 16 square meters in a small store, began operating pot, at the beginning of the business is going, do not make the anti-deficit. Liao in the understanding and help of his wife, perseverance and innovation of the force, a few months later developed quite different from the traditional flavor of Chongqing hot pot of Mala litchi flavor dishes, began to profitability. Then again later developed wind
Name of the major north-south Yuanyang Chongqing hot pot, the upper floor of the cause of independence started from shop to shop to large enterprise groups. Liao Fafen sea in 1982, will be worth millions of Diyitongjin, the personal assets of 100 million yuan.
Third, logical type (farmers entrepreneurs, Lu Guanqiu)
Lu Guanqiu for its typical representative, Shen Aiqin, Gui-Lian Li, because of their enterprises by the township enterprises or collective enterprises from restructuring, has a long history and development success, in line with policy, a matter of course. Generally speaking, the entrepreneurs personal Diyitongjin issues, such enterprises are mostly vague concept.
4, with the trend of the times, the dumping of home games (Dalian Han Wei Enterprise Group founder Han Wei)
On behalf of a "China-chicken," said the founder of enterprise groups in Dalian Han Wei Han Wei.
1956, Han Wei Jian was born in Dalian advancement of the three East Nihe a peasant family in the village. In the mid-1970s by three strokes Jian Zhen livestock assistants. Regarding the resignation of South Korea in 1984, venture capital from relatives and friends in the Department to 3,000 yuan, raising hens 50, with the end of the Korean bank loan-to-15 million, began to set up poultry farms, in one stroke to become the largest farming Zhuanye Hu Dalian , Dalian has become the most indebted self-employed.
South Korea has been able in the case of unsecured loans from the bank as a money-because at the time of Dalian City are promoted "vegetable basket project", South Korea's farm expansion project is the "radical government of urgency." In support of the Government, and South Korea soon loan fund-raising 2.08 million yuan, set up an area of 44 mu, building area of 8,000 square meters, 80,000 chicken farmers in modern Korean chicken farms often start from scratch, the first year of its farm output value reached 2.1 million yuan, which is dug in the Han Diyitongjin.
5, blood type or impulse-type (Haiwang Group Zhang Simin)
Zhang Simin, Wu Jian belong to such. Zhang Simin is particularly typical. Most of these entrepreneurs ended up in failure, even those achievements, mostly through bumpy, and in the process of enterprise development Lvjing repeatedly.
Wu Zhijian the Diyitongjin, is the original contract Shenzhen materials company in East China shopping malls and a half months of 170,000 yuan in profit. Wu's venture capital is writing from 2000 yuan Gao Fei.
March 1999, Wu Jian, because of their political enterprise groups in debt 200 million yuan, the Shenzhen Municipal Government in the news media orders not to carry out high consumption, not to sit senior living villas car.
Zhang Simin the Haiwang Group in 1992-97, and have encountered significant risks, business nearly shipwreck. After the listing through its investment and nearly blind due to fracture of the funds continued to be linked only to survive.
When the people are from Australia Diyitongjin investors of investment, this investment of 1 million U.S. dollars, Zhang accounted for the bulk of the shares. Zhang for the original venture capital is only 3,000 yuan a day-to-day savings.
6. Yinyuanjihui type or inadvertently inserted-Liu (Shanghai Regal Zhang Guoxi)
Such entrepreneurs is the typical characteristic of fortune originally thought, just want to solve the problem of survival, but even bump into that of Choi. Its typical representative for Zhang Guoxi.
1972, Zhang Guoxi by Yu Jiang in Jiangxi Province, the local delegation of the impact of the Shanghai educated youth, Huaichuai 200 yuan, to find a way out of Shanghai. By chance, in Shanghai and Sichuan Road, the Shanghai Sculpture Art Works found that a sculpture Zhangmu Xiang had to sell more than 200 yuan. Zhang Ling Ji trigger immediately, immediately returned to his home in accordance with the procedures Shanghai production Zhangmu Xiang "依葫芦画瓢." Half a year later, Zhang's first sculpture Zhang Muxiang products. Through the Shanghai Arts & Crafts Import & Export Company, the first production of its own products only participated in the Guangzhou Trade Fair, and lucky enough to get the 20 sets of orders Zhangmu Xiang, earning over 10,000 yuan. This is a dug-Diyitongjin. Zhang venture capital for 1,400 yuan from the sale of assets and Jiangxi Jiang Yu-rich Zhangmu local raw materials.
7, knowledge-based (UF Software president Wang Wenjing)
Specifically, this type have various different:
One is with its own patented technology, developed by its own patented technology, such as in the ring to be (CECO) Chairman Wu Tong.
Wu Tong in Beijing to set up in the ring to environmental protection technology Limited. Miss good at invention, the name has a number of patented technologies, only its "urban waste disposal systems integration," a patent, it is estimated that intangible assets amounted to 1.25 billion yuan, a famous magazine estimated the United States, Wu's patent total, the value of More than 10 billion U.S. dollars. Established in Beijing in part to be environmentally friendly Technology Co., Ltd., Wu venture in Shenzhen, tens of millions of profit, was due to fraud, asset finishes Jing March 2001, Miss carrying 2,000 yuan the second venture in Beijing, three months after the , Only to a certain well-known South Korean companies sell "garbage classification burning technology," 15 right to use the profit that is more than 20 million U.S. dollars.
Wang Wenjing UF software can also rely on technology started as a class. In addition to such entrepreneurs in their own technology, entrepreneurship in the process of also using more of the external forces, particularly the Government forces, so sometimes gives the flavor of Yinrenchengshi. The third type of Zhi-Dong Wang, Charles Zhang, Ding Lei as the representative of a class, is the trend of the times were hard pushed Regal seats in a class. Such tycoons known as the "knowledge heroes" and "Knowledge", but in fact the exception Zhi-Dong Wang has been the development of a Chinese platform software, Ding has been the development of a simple 163 e-mail system, other people and Wei Jiande The number of technology at all. The Zhi-Dong Wang and Ding Lei of Diyitongjin are from their software was developed, the number of hundreds of thousands and millions range. Generally speaking, such "heroes" because of the lack of foundation, starting fast, under the De Yekuai, is the so-called "rice-Shu see a thousand waves, over and under Xiyan Heroes" is also.
Diamond Ding Lei Wang Laowu elements of the success of 8
Ding has always been low-key, not the outside world to understand more. What are the achievements of the 32-year-old only the richest man in China «We try to use eight words summed up the experience Ding growth in several of the most important stage of the characteristics of this eight kinds of factors also represent precisely the main reason why his success , May be able to help people more emotional understanding of the young richest man.
1, interest
Ding Lei from the likes of radio, to a large extent, he is subject to the father's influence, he thought the most proud of his future career, is to become an electronic or electrical engineer. College entrance examination, he reported the e-Chengdu University of Science and Technology.
2, thinking
Ding said that the four-year university is the biggest gain from the Institute of thinking. Can be completely self-study a homework, he read very quickly, usually from the rear look to the future, to see the back of keywords, see do not know, on the front to look at this description, generally in 23 weeks Time put a master class. Later in contact with the Internet, such thinking skills he played an important role, because at that time not related materials.
3, treason
After graduation, Ding Lei returned home in Ningbo City bureau of work. Telecommunications Bureau Hanlaobaoshou, treatment is very good, but Ding think that two-year work very hard, but also feel the anguish before its Nanjin.
1995, Ding resigned from the bureau, it was his family's strong opposition, but he had intended to be bent out Chuangyi Chuang. He once described his behavior: "This is my first expelled from their own. Person's life will face many opportunities, but there is the opportunity cost. Have the courage to take the first step, life is often the watershed."
4, vision
Sebyse work in the Guangzhou Branch of the year, Ding left another 86 people there and with the creation of an Internet-related companies with the idea. At that time he can skillfully use the Internet, and became the first of a number of Internet users.
May 1997, Ding decided to set up the company Netease, although at that time very few people heard of the Internet, but he was confident that the Internet will be great prospects.
5, desperately
From the venture to the present, Ding Lei daily concern for the new technology, closely tracking the development of new Internet, work 16 hours a day more, including 10 hours in the Internet, several dozen of his mailbox every day To receive hundreds of e-mails.
6, strong
Ding Lei is the most bitter days of September 4, 2001. On this day, the end result of false positives NetEase in 2000 revenue, in violation of U.S. securities law and the alleged financial fraud, was the Nasdaq stock market announced that with immediate effect suspended from trading, the stock reduced to a "junk stocks", then there personnel shocks. At that time, only 30-year-old Ding Lei, ordinary people in the face of unimaginable pressure, Ding not be intimidated.
7, decisive
Faced with pressure to survive, Ding Lei decisive decision to proceed on two fronts, first compression operating costs and the second is to set aside the traditional sense, to take the lead in SMS and online gaming business, and even climbed out of a slump for the future of NetEase shares soared Played a decisive role, and saved the NetEase.
8, low-key
In the rapid expansion of personal wealth, Ding has been keeping a low profile, calm personality. Ding told the media that his network is the richest man in the process of by-product of entrepreneurship. In his view, only personal experience of life can touch the joy of ordinary people to make their life more creative authenticity. Jin Yong's like Ding has admitted that like most of the novel "Tianlongbabu", many of the characters and favorite Duan Yu and Wang Yuyan.
Source: China's financial network
1, interest
Ding Lei from the likes of radio, to a large extent, he is subject to the father's influence, he thought the most proud of his future career, is to become an electronic or electrical engineer. College entrance examination, he reported the e-Chengdu University of Science and Technology.
2, thinking
Ding said that the four-year university is the biggest gain from the Institute of thinking. Can be completely self-study a homework, he read very quickly, usually from the rear look to the future, to see the back of keywords, see do not know, on the front to look at this description, generally in 23 weeks Time put a master class. Later in contact with the Internet, such thinking skills he played an important role, because at that time not related materials.
3, treason
After graduation, Ding Lei returned home in Ningbo City bureau of work. Telecommunications Bureau Hanlaobaoshou, treatment is very good, but Ding think that two-year work very hard, but also feel the anguish before its Nanjin.
1995, Ding resigned from the bureau, it was his family's strong opposition, but he had intended to be bent out Chuangyi Chuang. He once described his behavior: "This is my first expelled from their own. Person's life will face many opportunities, but there is the opportunity cost. Have the courage to take the first step, life is often the watershed."
4, vision
Sebyse work in the Guangzhou Branch of the year, Ding left another 86 people there and with the creation of an Internet-related companies with the idea. At that time he can skillfully use the Internet, and became the first of a number of Internet users.
May 1997, Ding decided to set up the company Netease, although at that time very few people heard of the Internet, but he was confident that the Internet will be great prospects.
5, desperately
From the venture to the present, Ding Lei daily concern for the new technology, closely tracking the development of new Internet, work 16 hours a day more, including 10 hours in the Internet, several dozen of his mailbox every day To receive hundreds of e-mails.
6, strong
Ding Lei is the most bitter days of September 4, 2001. On this day, the end result of false positives NetEase in 2000 revenue, in violation of U.S. securities law and the alleged financial fraud, was the Nasdaq stock market announced that with immediate effect suspended from trading, the stock reduced to a "junk stocks", then there personnel shocks. At that time, only 30-year-old Ding Lei, ordinary people in the face of unimaginable pressure, Ding not be intimidated.
7, decisive
Faced with pressure to survive, Ding Lei decisive decision to proceed on two fronts, first compression operating costs and the second is to set aside the traditional sense, to take the lead in SMS and online gaming business, and even climbed out of a slump for the future of NetEase shares soared Played a decisive role, and saved the NetEase.
8, low-key
In the rapid expansion of personal wealth, Ding has been keeping a low profile, calm personality. Ding told the media that his network is the richest man in the process of by-product of entrepreneurship. In his view, only personal experience of life can touch the joy of ordinary people to make their life more creative authenticity. Jin Yong's like Ding has admitted that like most of the novel "Tianlongbabu", many of the characters and favorite Duan Yu and Wang Yuyan.
Source: China's financial network
China's rich list Wenchuan earthquake donations
Chinese the world's richest man Li Ka-shing
Business card: Cheung Kong and Hutchison Whampoa chairman
Gift: Li Ka-shing personal contributions of 10 million, 30 million yuan fund contributions; his son Richard Li contributions to 20 million yuan;'s Cheung Kong Holdings and Hutchison Whampoa donated 5 million HK
Lee Shau Kee most of the impact of price changes over the real estate tycoons
Business card: Henderson, chairman of real estate
Gift: Henderson Land Development Co. Ltd. and China Gas Company in the name of the Sichuan disaster areas contributions to the 10 million Hong Kong dollars; Lee Shau Kee is the son of Li Jie, president of the 100-fund contributions to the disaster area 8.1 million Hong Kong dollars, Li Jie of which 5 million from his own name, Lee Shau Kee second son, Lee Ka Shing, and his wife Xu Ziqi 2 million donation
Xu Rongmao casino opened to foreign people
Business card: Shimao Group chairman
Gift: Shimao Group to provide financial assistance to 10 million yuan
Pan Shiyi most of the real estate Star Entertainment
Business card: SOHO China's president
Gift: 2 million yuan
Business card: R & F Group,
Contributions: As of now the total has reached 5 million
Wang Yung-ching "business god"
Business card: Formosa Plastics Group Chairman
Contributions: 100 million yuan
Li Lian cooperation in the integrity of the real estate model
Taiwan's Kuo-ming of Taiwan's richest man
Business card: Foxconn Group,
Contributions: 60 million
Shaw patriotic people of Hong Kong
Business card: Chairman of the Hong Kong Television Broadcasts Limited
Contributions: 100 million Hong Kong dollar
Cheung Yan largest U.S. exporter of waste paper
Business card: Paper Limited, chairman of Jiu Long
Contributions: 10 million
Yang Yan of China's richest man, woman
Business card: Bigui Yuan Group's largest shareholder
Contributions: 10 million
Mr Richard Li, the global business community, "Little Superman"
Business card: Pacific Century Group chairman and vice chairman of Hutchison Whampoa Ltd.
Contributions: 20 million
Chinese Premier Li Houlin head of the luxury brand
Business card: Hang Shun agency executive director of the Diamond
Contributions: 20 million
Business card: Cheung Kong and Hutchison Whampoa chairman
Gift: Li Ka-shing personal contributions of 10 million, 30 million yuan fund contributions; his son Richard Li contributions to 20 million yuan;'s Cheung Kong Holdings and Hutchison Whampoa donated 5 million HK
Lee Shau Kee most of the impact of price changes over the real estate tycoons
Business card: Henderson, chairman of real estate
Gift: Henderson Land Development Co. Ltd. and China Gas Company in the name of the Sichuan disaster areas contributions to the 10 million Hong Kong dollars; Lee Shau Kee is the son of Li Jie, president of the 100-fund contributions to the disaster area 8.1 million Hong Kong dollars, Li Jie of which 5 million from his own name, Lee Shau Kee second son, Lee Ka Shing, and his wife Xu Ziqi 2 million donation
Xu Rongmao casino opened to foreign people
Business card: Shimao Group chairman
Gift: Shimao Group to provide financial assistance to 10 million yuan
Pan Shiyi most of the real estate Star Entertainment
Business card: SOHO China's president
Gift: 2 million yuan
Business card: R & F Group,
Contributions: As of now the total has reached 5 million
Wang Yung-ching "business god"
Business card: Formosa Plastics Group Chairman
Contributions: 100 million yuan
Li Lian cooperation in the integrity of the real estate model
Taiwan's Kuo-ming of Taiwan's richest man
Business card: Foxconn Group,
Contributions: 60 million
Shaw patriotic people of Hong Kong
Business card: Chairman of the Hong Kong Television Broadcasts Limited
Contributions: 100 million Hong Kong dollar
Cheung Yan largest U.S. exporter of waste paper
Business card: Paper Limited, chairman of Jiu Long
Contributions: 10 million
Yang Yan of China's richest man, woman
Business card: Bigui Yuan Group's largest shareholder
Contributions: 10 million
Mr Richard Li, the global business community, "Little Superman"
Business card: Pacific Century Group chairman and vice chairman of Hutchison Whampoa Ltd.
Contributions: 20 million
Chinese Premier Li Houlin head of the luxury brand
Business card: Hang Shun agency executive director of the Diamond
Contributions: 20 million
China's highest price of the 10 Fortune Yannv
1, Zhang Ziyi
Market price / year: 120 million yuan
Ad Index: 9.8
Record Index: n / a
Guarantees Index: 9.5
Index: 9.3
98 fall, was the director Zhang Yimou Zhang Ziyi pick, the film starring "My father and mother," the film in one stroke to win its 50th Berlin International Film Festival Silver Bear, Zhang Ziyi from this trip to succeed. Following "My father and mother", she is lucky to director Ang Lee's invitation, participate in the film "Crouching Tiger, Hidden Dragon," the shooting, and superb performances, once again successfully created a high-strength powers, our hearts rave In the final set foot on is not the way we Guixiu of the Qing Dynasty. The film was 2000 Golden Globes and 73 film Oscar for best foreign language film session of the four awards. Zhang Ziyi jumps into the international film on a shining star. Fortunately frequent kind of goddess, Zhang Ziyi now known not only in China, the United States and became "the times" and "Newsweek" Cover, while Japan was "the first Asian girl," the crown and has recently been to youth , Health, fashion a well-known brands Maybelline said the image of Asia as spokesmen.
2, Maggie Cheung
Market price / year: 110 million yuan
Ad Index: 9.8
Record Index: n / a
Guarantees Index: 9.2
Index: 9.5
Gangjie the runner-up in 1983 by Maggie Cheung, into the film and television industry just a few years, many well-known director who became the darling of the eyes, met with Wong Kar-wai, Ann Hui, Tsui Hark, Derek Yee, Kuan Kam Peng cooperation film. She is the most award-winning Hong Kong actress, awards, including four Hong Kong Film Awards best actress award, four times the Taiwan Golden Horse Awards, and the Berlin Film Festival best actress award.
3, Gong Li
Market price / year: 90 million yuan
Ad Index: 9.5
Record Index: n / a
Guarantees Index: 8.9
Index: 9.1
She is the international spokesman for the Chinese actress. She created a Chinese shadow people Chuangdang world cinema miracle. She is the first in the Venice Film Festival award-winning Chinese actress, a French cosmetics brand L'Oreal speak Chinese actress, the Cavaliers won the Medal of Honor of France, was peoplemagazine record for the world's most beautiful one of the 50 individuals , Montreal World Film Festival, the Special Award, the 51st Cannes Film Festival's special guest, Oscar was accepted by the members, 50 of the Berlin International Film Festival jury Chairman. Then from the Red Huajiao go down in the nine Era, how Hula to put so many dazzling rings are Lan in arms? »
4, Liu Jialing
Market price / year: 90 million yuan
Ad Index: 9.4
Record Index: 7.2
Guarantees Index: 7.4
Index: 9.1
Beauty abounds in Suzhou, Suzhou Ka-ling is a masterpiece. Jiaomei face and is attractive, sexy dress. Ka-ling by the perturbation TV and videos, advertising and taken cover, showing all her Enaduozi the Eastern United States. After the storm, the Ka-ling, to take every step of their own, will become more clear and full of confidence, just like a warm red roses, people appreciate and envied.
5, Cecilia Cheung
Market price / year: 75 million yuan
Ad Index: 9.2
Record Index: 8.3
Guarantees Index: 8.2
Index: 9.5 NO.6
Juedai beauty Cecilia Cheung, "the head of herself," the name of his debut, has recently become the entertainment business in the limelight Langjian on the figures, Flower violations are more people in the Yanyun. Cecilia Cheung in the entertainment between Fei Wen indeed too much, but no one can deny that she's beautiful. Her lively and cheerful, loving smile active, superb performances, How can the United States is a word to describe the whole of the «as a representative of the Oriental women, you really appreciate the Fengzi herself innocent! Close contact with the bright beautiful Angel!
6, Cho -
Market price / year: 56 million yuan
Ad Index: 9.6
Record Index: 9.1
Guarantees Index: 8.7
Index: 9.7
"Huanzhugege" Diaozuan lovely Xiao Yanzi, "Laofangyouxi" good friendly auspicious, "Romance in the Rain" in the Ganaiganhen Yiping, is just like you - Zhao Wei! Military flag After the incident, just End in London filming the new posters of the company Zhao Wei was blocked all the posters, and to a foreign model Instead, it's Zhao Wei, at that time would be worse, although the company did not Esprit Therefore replaced Zhao Wei speak of identity, but before and after the treatment has been that all delicate. At that time, Zhao Wei universal condemnation, the cause of as low-end, naturally do not want this Fangdiao golden rice bowl, now overtaken by events, Zhao Wei once again become a focus of figures, has replaced Zhao Wei Shu Qi as the new spokesman for red earth, paid 3 million Hong Kong dollars. Current star Zhao Wei immediately lay down their hangers take the initiative to attack, the intention to Oupo Lai Paoqu hydrangeas. In any case half a year a total of 21.6 million Hong Kong dollar revenue and became the 30-year-old actress income below the most.
7, Ruby Lin
Market price / year: 45 million yuan
Ad Index: 9.5
Record Index: 8.5
Guarantees Index: 9.3
Index: 9.0 NO.8
Woman and a gentle! Woman's curves and is a natural! Naturally is the most honest and most sincere! Water like a woman! Water, like the United States, is both innocent beautiful film star, but also a sexy little herself. She Chuchudongren the Ziwei, cheerful good Ruping vivid zone has given us.
8, Liu Xiaoqing
Market price / year: 32 million yuan
Ad Index: 9.0
Record Index: n / a
Guarantees Index: 8.2
Index: 9.0
Liu Xiaoqing released from prison after the drama about to become the most media attention of mainland artists. Recently, she signed a release in Guangzhou after a spokesman of the contract, Liu Xiaoqing released from prison after the first TV drama "LO Hero" guarantees over 1 million, spokesmen for the first time how to value, Liu Xiaoqing said only a "beautiful priceless . " The once popular in the first Fupo, vol soil never again today, she will also create a miracle what »in the eyes of investors, guarantees any specific figures are not sufficient to show that the value of Liu Xiaoqing. Awards: Hundred Flowers Film Award at its third public best supporting actress award, the 11th Hundred Flowers Film Award Best Actress Award, the 7th China Golden Rooster Film Award Best Actress Award.
9, Shu Qi
Market price / year: 29 million yuan
Ad Index: 9.3
Record Index: n / a
Guarantees Index: 9.1
Index: 8.1
Bukanhuishou into the circle of experience, was finally Leiri years of Grounding wrapped into a crystal of Zhu Lei. Vermilion Mingyan, Gupan eyes, not to the Mood for Love, tantalized sexy! Survival in the sex scandal between her as the sea breeze, fresh and Chaorun, her skin, her curves, as in the islands on the growth of fresh fruit. Henguai from the girl to become treason, was expelled from school to be an agent found into the entertainment business, with numerous articles from the star's sex scandal, Shu Qi as fantastic experience for her innocent wildConcise Chinese-English Dictionary .
10, Zhou Xun
Market price / year: 15 million yuan
Ad Index: 8.2
Record Index: 8.1
Guarantees Index: 7.2
Index: 9.7
"Taiminggongci" to "orange red," and "Yan Yu Hongyan," she's every play is so impressive. Shimizu Furong like Zhou Xun, in people's eyes, is full of Lingqi "Lots." China is also the current rise fast actress, was 24-year-old, has made a nine-year drama, not a particular image of restrictions, migration in the industry. Although she can not be called a typical beauty, but an alternative temperament to win and a dual personality, so she was not stranded in a particular image, acting natural comparison, focus on feeling, Zhou Xun is that she girls, a bit Alternative. With the popularity and the cause of the Performing Arts rose, the drama series about constantly, to participate in a number of TV dramas and movies shooting, while career ads, spokesman of the image, is now also start a book, although "a book incident" quite a lot of controversy, but She does not affect the current influence.
Market price / year: 120 million yuan
Ad Index: 9.8
Record Index: n / a
Guarantees Index: 9.5
Index: 9.3
98 fall, was the director Zhang Yimou Zhang Ziyi pick, the film starring "My father and mother," the film in one stroke to win its 50th Berlin International Film Festival Silver Bear, Zhang Ziyi from this trip to succeed. Following "My father and mother", she is lucky to director Ang Lee's invitation, participate in the film "Crouching Tiger, Hidden Dragon," the shooting, and superb performances, once again successfully created a high-strength powers, our hearts rave In the final set foot on is not the way we Guixiu of the Qing Dynasty. The film was 2000 Golden Globes and 73 film Oscar for best foreign language film session of the four awards. Zhang Ziyi jumps into the international film on a shining star. Fortunately frequent kind of goddess, Zhang Ziyi now known not only in China, the United States and became "the times" and "Newsweek" Cover, while Japan was "the first Asian girl," the crown and has recently been to youth , Health, fashion a well-known brands Maybelline said the image of Asia as spokesmen.
2, Maggie Cheung
Market price / year: 110 million yuan
Ad Index: 9.8
Record Index: n / a
Guarantees Index: 9.2
Index: 9.5
Gangjie the runner-up in 1983 by Maggie Cheung, into the film and television industry just a few years, many well-known director who became the darling of the eyes, met with Wong Kar-wai, Ann Hui, Tsui Hark, Derek Yee, Kuan Kam Peng cooperation film. She is the most award-winning Hong Kong actress, awards, including four Hong Kong Film Awards best actress award, four times the Taiwan Golden Horse Awards, and the Berlin Film Festival best actress award.
3, Gong Li
Market price / year: 90 million yuan
Ad Index: 9.5
Record Index: n / a
Guarantees Index: 8.9
Index: 9.1
She is the international spokesman for the Chinese actress. She created a Chinese shadow people Chuangdang world cinema miracle. She is the first in the Venice Film Festival award-winning Chinese actress, a French cosmetics brand L'Oreal speak Chinese actress, the Cavaliers won the Medal of Honor of France, was peoplemagazine record for the world's most beautiful one of the 50 individuals , Montreal World Film Festival, the Special Award, the 51st Cannes Film Festival's special guest, Oscar was accepted by the members, 50 of the Berlin International Film Festival jury Chairman. Then from the Red Huajiao go down in the nine Era, how Hula to put so many dazzling rings are Lan in arms? »
4, Liu Jialing
Market price / year: 90 million yuan
Ad Index: 9.4
Record Index: 7.2
Guarantees Index: 7.4
Index: 9.1
Beauty abounds in Suzhou, Suzhou Ka-ling is a masterpiece. Jiaomei face and is attractive, sexy dress. Ka-ling by the perturbation TV and videos, advertising and taken cover, showing all her Enaduozi the Eastern United States. After the storm, the Ka-ling, to take every step of their own, will become more clear and full of confidence, just like a warm red roses, people appreciate and envied.
5, Cecilia Cheung
Market price / year: 75 million yuan
Ad Index: 9.2
Record Index: 8.3
Guarantees Index: 8.2
Index: 9.5 NO.6
Juedai beauty Cecilia Cheung, "the head of herself," the name of his debut, has recently become the entertainment business in the limelight Langjian on the figures, Flower violations are more people in the Yanyun. Cecilia Cheung in the entertainment between Fei Wen indeed too much, but no one can deny that she's beautiful. Her lively and cheerful, loving smile active, superb performances, How can the United States is a word to describe the whole of the «as a representative of the Oriental women, you really appreciate the Fengzi herself innocent! Close contact with the bright beautiful Angel!
6, Cho -
Market price / year: 56 million yuan
Ad Index: 9.6
Record Index: 9.1
Guarantees Index: 8.7
Index: 9.7
"Huanzhugege" Diaozuan lovely Xiao Yanzi, "Laofangyouxi" good friendly auspicious, "Romance in the Rain" in the Ganaiganhen Yiping, is just like you - Zhao Wei! Military flag After the incident, just End in London filming the new posters of the company Zhao Wei was blocked all the posters, and to a foreign model Instead, it's Zhao Wei, at that time would be worse, although the company did not Esprit Therefore replaced Zhao Wei speak of identity, but before and after the treatment has been that all delicate. At that time, Zhao Wei universal condemnation, the cause of as low-end, naturally do not want this Fangdiao golden rice bowl, now overtaken by events, Zhao Wei once again become a focus of figures, has replaced Zhao Wei Shu Qi as the new spokesman for red earth, paid 3 million Hong Kong dollars. Current star Zhao Wei immediately lay down their hangers take the initiative to attack, the intention to Oupo Lai Paoqu hydrangeas. In any case half a year a total of 21.6 million Hong Kong dollar revenue and became the 30-year-old actress income below the most.
7, Ruby Lin
Market price / year: 45 million yuan
Ad Index: 9.5
Record Index: 8.5
Guarantees Index: 9.3
Index: 9.0 NO.8
Woman and a gentle! Woman's curves and is a natural! Naturally is the most honest and most sincere! Water like a woman! Water, like the United States, is both innocent beautiful film star, but also a sexy little herself. She Chuchudongren the Ziwei, cheerful good Ruping vivid zone has given us.
8, Liu Xiaoqing
Market price / year: 32 million yuan
Ad Index: 9.0
Record Index: n / a
Guarantees Index: 8.2
Index: 9.0
Liu Xiaoqing released from prison after the drama about to become the most media attention of mainland artists. Recently, she signed a release in Guangzhou after a spokesman of the contract, Liu Xiaoqing released from prison after the first TV drama "LO Hero" guarantees over 1 million, spokesmen for the first time how to value, Liu Xiaoqing said only a "beautiful priceless . " The once popular in the first Fupo, vol soil never again today, she will also create a miracle what »in the eyes of investors, guarantees any specific figures are not sufficient to show that the value of Liu Xiaoqing. Awards: Hundred Flowers Film Award at its third public best supporting actress award, the 11th Hundred Flowers Film Award Best Actress Award, the 7th China Golden Rooster Film Award Best Actress Award.
9, Shu Qi
Market price / year: 29 million yuan
Ad Index: 9.3
Record Index: n / a
Guarantees Index: 9.1
Index: 8.1
Bukanhuishou into the circle of experience, was finally Leiri years of Grounding wrapped into a crystal of Zhu Lei. Vermilion Mingyan, Gupan eyes, not to the Mood for Love, tantalized sexy! Survival in the sex scandal between her as the sea breeze, fresh and Chaorun, her skin, her curves, as in the islands on the growth of fresh fruit. Henguai from the girl to become treason, was expelled from school to be an agent found into the entertainment business, with numerous articles from the star's sex scandal, Shu Qi as fantastic experience for her innocent wildConcise Chinese-English Dictionary .
10, Zhou Xun
Market price / year: 15 million yuan
Ad Index: 8.2
Record Index: 8.1
Guarantees Index: 7.2
Index: 9.7
"Taiminggongci" to "orange red," and "Yan Yu Hongyan," she's every play is so impressive. Shimizu Furong like Zhou Xun, in people's eyes, is full of Lingqi "Lots." China is also the current rise fast actress, was 24-year-old, has made a nine-year drama, not a particular image of restrictions, migration in the industry. Although she can not be called a typical beauty, but an alternative temperament to win and a dual personality, so she was not stranded in a particular image, acting natural comparison, focus on feeling, Zhou Xun is that she girls, a bit Alternative. With the popularity and the cause of the Performing Arts rose, the drama series about constantly, to participate in a number of TV dramas and movies shooting, while career ads, spokesman of the image, is now also start a book, although "a book incident" quite a lot of controversy, but She does not affect the current influence.
China is now the richest woman 10
Graphic: Chen Lihua, the first Fupo, the total assets of 5.5 billion yuan, Beijing, high school graduates, the Hong Kong International Group Chairman Fu-wah, mainly engaged in real estate. She Chang'an Street in Beijing, has a Changan Club, in the northbound Batong Line also has a famous red sandalwood museum, the National Palace Museum collection comparable to Beijing artifacts of red sandalwood. Reported that Chen Lihua in Beijing also owns other property.
- Can, in second place, the total assets of 1.1 billion yuan, Beijing, a master's degree, due to Group Chief Executive, the main business of real estate, information industry, bio-technology. Such reports described as a white-collar workers from just want to be hundreds of millions of Fupo, seems to be the fate of the day, Zhang Can very low profile, her company is also a low profile, but from the photos on the telling, the woman and endemic Baqi Guiqi, not a white-collar workers will be accountable.
Lei Jufang, the total assets of 210 million yuan, Gansu Lintao, college, Ki, chairman of the Group of Tibetan Medicine is the main operating medicine. Reported that the mysterious Tibetan medicine has also Shenxiao, plaster easy-to-use, Lei Jufang of the success stories of tens of thousands of drug message is sent to earn a good reputation.
Yang Lan, was third, the total assets of 850 million yuan, Beijing, Columbia University, master's, and the sun Culture Foundation Chairman. Reported that she Nengqunengshen, had also frustrated the brilliant, but also Fangxiashenduan to Hunan TV and other television work.
Hou Liping, the total assets of 730 million yuan, Pingyao, tertiary education, medicine, president of the center of Shanxi Province, is rich in 10 women with two operating one of the pharmaceutical industry. Chinese medicine from her children in the family come to the fore, the industrialization of Chinese medicine into a market economy, to the world, become a magic weapon to get rich.
He ran, the total assets of 600 million yuan, Chengdu, college, Sichuan States Teng, chairman of communications, mainly engaged in IC card telephone equipment.
Gui-Lian Li, the total assets of 600 million yuan, Dalian, college, Yang, president of Dalian, mainly engaged in garment industry.
Shen Aiqin, the total assets of 600 million yuan, Hangzhou, junior middle school education, everything is Lee, chairman of the Group, mainly engaged in silk products.
Liu Yingxia, the wealth of 500 million yuan, age: 30 years of age, place of birth: Harbin, Education: Master of the main companies: Heilongjiang Xiangying Group, the first unlisted securities market financing, the major sectors of construction, decoration, water conservancy, road construction . As Heilongjiang Province, vice president of the Federation of Commerce and Industry her, a master's educational background, is a typical "knowledge to create wealth," the woman. 30-year-old will have 500 million yuan of wealth, known as "China's young female tycoons."
Yin Aiping, the total assets of 430 million yuan, Zhengzhou people, MBA, Chairman of Henan Jianghai, mainly engaged in the hotel industry, construction.
- Can, in second place, the total assets of 1.1 billion yuan, Beijing, a master's degree, due to Group Chief Executive, the main business of real estate, information industry, bio-technology. Such reports described as a white-collar workers from just want to be hundreds of millions of Fupo, seems to be the fate of the day, Zhang Can very low profile, her company is also a low profile, but from the photos on the telling, the woman and endemic Baqi Guiqi, not a white-collar workers will be accountable.
Lei Jufang, the total assets of 210 million yuan, Gansu Lintao, college, Ki, chairman of the Group of Tibetan Medicine is the main operating medicine. Reported that the mysterious Tibetan medicine has also Shenxiao, plaster easy-to-use, Lei Jufang of the success stories of tens of thousands of drug message is sent to earn a good reputation.
Yang Lan, was third, the total assets of 850 million yuan, Beijing, Columbia University, master's, and the sun Culture Foundation Chairman. Reported that she Nengqunengshen, had also frustrated the brilliant, but also Fangxiashenduan to Hunan TV and other television work.
Hou Liping, the total assets of 730 million yuan, Pingyao, tertiary education, medicine, president of the center of Shanxi Province, is rich in 10 women with two operating one of the pharmaceutical industry. Chinese medicine from her children in the family come to the fore, the industrialization of Chinese medicine into a market economy, to the world, become a magic weapon to get rich.
He ran, the total assets of 600 million yuan, Chengdu, college, Sichuan States Teng, chairman of communications, mainly engaged in IC card telephone equipment.
Gui-Lian Li, the total assets of 600 million yuan, Dalian, college, Yang, president of Dalian, mainly engaged in garment industry.
Shen Aiqin, the total assets of 600 million yuan, Hangzhou, junior middle school education, everything is Lee, chairman of the Group, mainly engaged in silk products.
Liu Yingxia, the wealth of 500 million yuan, age: 30 years of age, place of birth: Harbin, Education: Master of the main companies: Heilongjiang Xiangying Group, the first unlisted securities market financing, the major sectors of construction, decoration, water conservancy, road construction . As Heilongjiang Province, vice president of the Federation of Commerce and Industry her, a master's educational background, is a typical "knowledge to create wealth," the woman. 30-year-old will have 500 million yuan of wealth, known as "China's young female tycoons."
Yin Aiping, the total assets of 430 million yuan, Zhengzhou people, MBA, Chairman of Henan Jianghai, mainly engaged in the hotel industry, construction.
5/26/08
18 billion real estate business backdoor to force the value of Zhongguancun's richest man, Wong Kwong Yu
Oriental Morning Post
Morning Post reporter Chen Hua
During the two years, had to rely on Hong Kong-listed electronics chain business Rongdeng "Mainland's richest man," Wong Kwong Yu, its real estate business will now be packaged to the A-share listed.
Yesterday, the Zhongguancun (000,931) issued a notice through the issuance of orientation, will acquire Beijing Zhongguancun Peng Run-estate Holdings Limited 100% of the shares. At this point, Gome (0493. HK) Board Chairman Wong Kwong Yu name another heavyweight Peng Run-estate assets - valued 18 billion yuan will be landing A-shares. Once the final visit, Wong Kwong Yu prices will quickly surpass 50 billion yuan mark, and is expected to recapture the "richest man" throne.
It is learnt that the current capital injection programme has submitted the China Securities Regulatory Commission approval, and the suspension has reached more than seven months of the Zhongguancun will be resumed trading today.
Wong Kwong Yu family holdings 72.58%
According to the Zhongguancun (000,931) yesterday's announcement, May 4, Beijing Zhongguancun Science and Technology Development (Holdings) Co., Ltd. held its third annual board of directors 2008 fourth interim meeting to consider the adoption of "non-public offering on the purchase of shares暨关联交易plan assets. " Zhongguancun will be the controlling shareholder of Thai Peng investment and concerted action by people of non-public offering of shares for the acquisition of its combined holdings of Beijing-Peng of China Real Estate Holdings Limited 100% of the shares.
According to reports, the scale of this capital injection of about 18 billion yuan. Quasi-public offering of shares of not more than 1.227 billion shares, non-public offering price for the resolution of this notice before the board on the 20th stock average - 14.67 yuan / share. After the completion of the transaction, the total share capital of the Zhongguancun will not more than 1.921 billion shares. At present, the total share capital of the Zhongguancun 675 million shares.
It is understood that the object of this issue for Peng Thai investment, science and technology, and Wong Kwong Yu-peng of the Hong Bao Mei Huang Xiuhong. Peng and Thai investment, Peng Kang technology for the actual control of the per capita Wong Kwong Yu. They are the subscription of shares in 36 months shall not be transferable. The non-public offering of shares to buy assets暨关联交易completed, Pang Thai investment is still the controlling shareholder of the Zhongguancun (share of 46.78 percent), Kang Peng accounted technology (12.90 percent), Huang Xiuhong accounted (12.90% ), The other shareholders accounted for 27.42 percent.
Wong Kwong Yu, I absolutely Zhongguancun is the controlling shareholder. Run through the Beijing-Peng Investment Company Limited and Beijing Gome, Wong Kwong Yu-peng Thai investment holding 80 percent of the equity holders Peng Kang 82.59 percent stake in technology, so after the completion of asset injection, I hold in Wong Kwong Yu Guan Cun 48.11 percent stake, but he and Huang Xiuhong and concerted action of shares held by the Zhongguancun has been as high as 72.58 percent.
10 large projects into
"180 billion in assets only note the employers are given an assessment of the value of the real value depends on specific projects." Market analysts Wang Shujuan told reporters.
Wang Jun, executive vice president of the Zhongguancun yesterday, the listed companies into the projects include: the International Xie Cheng Kang, Peng Run-founding of the hotel project, the Chongqing Peng Run-BlueOcean residential projects, Cathay Pacific Plaza Chongqing Jiefangbei , Battery plant in Wuxi, Shahe, respect of the building project, Songzhuang, Cui Coal project, Zhang Jiawan projects, 10 projects. Before Peng of China's real estate concerns Pengrunjiayuan, all American States and other large real estate projects, since it has been sold, so not into the Zhongguancun.
Among them, Chongqing Jiefangbei Cathay Pacific Plaza located in the centre of the city of gold (195.87,0.56,0.29% point) commercial lots, building area of 94,000 square meters, covers an area of 29,200 square meters, will start the construction of the second half of 2008 , Is expected to be reached in mid-2010 delivery standards. Chongqing Peng Run-BlueOcean residential project covers an area of 246,800 square meters, construction area of 644,200 square meters, the first phase of the project is expected to reach the second half of 2008 delivery standards. Wang Jun said that these projects will bring substantial business sales and rental income and returns, coupled with Uehara Zhongguancun operating real estate and the United States and Lun-North District, Harbin, the company's development projects, completed projects and reserves Projects are very adequate.
According to Wang Jun analysis, to inject assets are located in Beijing, Chongqing, Wuxi and other Chinese one, the second-tier cities in the highly value the development of a prime site, will fully enjoy the sales, rental income and property values continue to grow, and create broad performance Room to grow. The assets to be injected into a land development, land and real estate consolidate the development of the two joint development, residential and commercial development of the organic integration of real estate, will ensure the profitability of listed companies of sustainable growth.
Zhongguancun "freshmen"
Zhongguancun said the notice, through the reorganization of assets, Wong Kwong Yu shares to fulfill the commitment, "Zhongguancun will usher in historic change."
As early as 2006, Peng Thai investment had begun to intervene in the reorganization of Zhongguancun, in "The acquisition of the report" in the pledge, in Zhongguancun CD-MA properly resolve the issue of security and the efforts of the parties to resolve the listed company or the other Liabilities, overdue loans, tax disputes and other issues, listed companies can ensure that the assets and funds under the premise of safety, Peng agreed to invest in Chinese listed companies to find or inject high-quality real estate projects and to provide some financial assistance to help clear a listed company The main industry and enhance its sustained profitability.
Since then, Wong Kwong Yu through more than a year of efforts to defuse the amount of 3.39 billion yuan huge amounts of money involved in the CDMA security risk; Zhongguancun help solve the more than 10 billion of debt. To this end, Wong Kwong Yu-peng held by the Thai investment has supported the Zhongguancun several hundred million dollars to resolve the difficulties in Zhongguancun.
But as a just experienced restructuring and reform of the shares of listed companies in 2007, Zhongguancun in resolving the large number of bank debt restructuring and security issues, long-term, healthy development of the then highlighted.
As at December 31, 2007, Zhongguancun Science and Technology accumulated losses of 1.103 billion yuan, the adverse financial situation, the main business is not prominent, and lack of development potential still existed. The company healthy, rapid and sustainable development there is still more difficult.
After the reorganization, "Zhongguancun" clearly the development of enterprises will be the main industry, the company's rapid development. It is learnt that after the reorganization of the Zhongguancun Development will focus on four plates. One for residential development, the second is to hold property of the leasing business (such as business, hotels, office buildings); Third for the development of science and technology park, the fourth is a land development. From these sections, the operating assets will be injected into the company to provide a stable operating income and profit from a film into the land development business, the company access to policy support, stability, development and future profits of two land Lay a good foundation for the reserves.
Peng Thai investment in the hope that through this transaction, Zhongguancun is not completely clear from the main business, debt rate of high and new business development, such as poor plight into a residential real estate developers and technology as a platform for real estate listed companies.
According to Wang Jun is expected to complete after the injection of assets, Zhongguancun in 2008 and 2009 net profit will reach 450 million yuan and 700 million yuan and above. Accordingly, the Zhongguancun in 2008 and 2009 earnings per share were 0.234 yuan to 0.364 yuan and.
Wong Kwong Yu and lose in the stock market
In addition, the length of suspension because of Zhongguancun, in this market during the crash, Wong Kwong Yu choice at this time and cost-injection, the terms of his old shareholders to "lose" 4 to 5 billion yuan of assets.
It is learnt that the September 28, 2007, "Zhongguancun," the official suspension, then the large inventory of close to 5600, in accordance with the provisions of this non-public offering price based on the notice board before the 20th trading average of 14.67 yuan / Unit. The first time in nearly seven months, the market index was down about 50 percent, but due to major shareholders still more than seven months ago of 14.67 yuan per share conversion price will be about 18 billion yuan into high-quality real estate projects listed companies, investment and Peng HO Wong Kwong Yu, to the actual holders of the total equity reduced by about 400 million shares, equivalent to the listed company posted a 4-5 billion yuan of assets.
Wang Jun said, in fact, this pricing benefits, "Zhongguancun," the small and medium-sized shareholders, will be more than 600 million old shares a virtual stock reinforce the role of thick mats will share net assets and earnings capacity To ensure that the "Zhongguancun" the interests of small and medium-sized investors.
Morning Post reporter Chen Hua
During the two years, had to rely on Hong Kong-listed electronics chain business Rongdeng "Mainland's richest man," Wong Kwong Yu, its real estate business will now be packaged to the A-share listed.
Yesterday, the Zhongguancun (000,931) issued a notice through the issuance of orientation, will acquire Beijing Zhongguancun Peng Run-estate Holdings Limited 100% of the shares. At this point, Gome (0493. HK) Board Chairman Wong Kwong Yu name another heavyweight Peng Run-estate assets - valued 18 billion yuan will be landing A-shares. Once the final visit, Wong Kwong Yu prices will quickly surpass 50 billion yuan mark, and is expected to recapture the "richest man" throne.
It is learnt that the current capital injection programme has submitted the China Securities Regulatory Commission approval, and the suspension has reached more than seven months of the Zhongguancun will be resumed trading today.
Wong Kwong Yu family holdings 72.58%
According to the Zhongguancun (000,931) yesterday's announcement, May 4, Beijing Zhongguancun Science and Technology Development (Holdings) Co., Ltd. held its third annual board of directors 2008 fourth interim meeting to consider the adoption of "non-public offering on the purchase of shares暨关联交易plan assets. " Zhongguancun will be the controlling shareholder of Thai Peng investment and concerted action by people of non-public offering of shares for the acquisition of its combined holdings of Beijing-Peng of China Real Estate Holdings Limited 100% of the shares.
According to reports, the scale of this capital injection of about 18 billion yuan. Quasi-public offering of shares of not more than 1.227 billion shares, non-public offering price for the resolution of this notice before the board on the 20th stock average - 14.67 yuan / share. After the completion of the transaction, the total share capital of the Zhongguancun will not more than 1.921 billion shares. At present, the total share capital of the Zhongguancun 675 million shares.
It is understood that the object of this issue for Peng Thai investment, science and technology, and Wong Kwong Yu-peng of the Hong Bao Mei Huang Xiuhong. Peng and Thai investment, Peng Kang technology for the actual control of the per capita Wong Kwong Yu. They are the subscription of shares in 36 months shall not be transferable. The non-public offering of shares to buy assets暨关联交易completed, Pang Thai investment is still the controlling shareholder of the Zhongguancun (share of 46.78 percent), Kang Peng accounted technology (12.90 percent), Huang Xiuhong accounted (12.90% ), The other shareholders accounted for 27.42 percent.
Wong Kwong Yu, I absolutely Zhongguancun is the controlling shareholder. Run through the Beijing-Peng Investment Company Limited and Beijing Gome, Wong Kwong Yu-peng Thai investment holding 80 percent of the equity holders Peng Kang 82.59 percent stake in technology, so after the completion of asset injection, I hold in Wong Kwong Yu Guan Cun 48.11 percent stake, but he and Huang Xiuhong and concerted action of shares held by the Zhongguancun has been as high as 72.58 percent.
10 large projects into
"180 billion in assets only note the employers are given an assessment of the value of the real value depends on specific projects." Market analysts Wang Shujuan told reporters.
Wang Jun, executive vice president of the Zhongguancun yesterday, the listed companies into the projects include: the International Xie Cheng Kang, Peng Run-founding of the hotel project, the Chongqing Peng Run-BlueOcean residential projects, Cathay Pacific Plaza Chongqing Jiefangbei , Battery plant in Wuxi, Shahe, respect of the building project, Songzhuang, Cui Coal project, Zhang Jiawan projects, 10 projects. Before Peng of China's real estate concerns Pengrunjiayuan, all American States and other large real estate projects, since it has been sold, so not into the Zhongguancun.
Among them, Chongqing Jiefangbei Cathay Pacific Plaza located in the centre of the city of gold (195.87,0.56,0.29% point) commercial lots, building area of 94,000 square meters, covers an area of 29,200 square meters, will start the construction of the second half of 2008 , Is expected to be reached in mid-2010 delivery standards. Chongqing Peng Run-BlueOcean residential project covers an area of 246,800 square meters, construction area of 644,200 square meters, the first phase of the project is expected to reach the second half of 2008 delivery standards. Wang Jun said that these projects will bring substantial business sales and rental income and returns, coupled with Uehara Zhongguancun operating real estate and the United States and Lun-North District, Harbin, the company's development projects, completed projects and reserves Projects are very adequate.
According to Wang Jun analysis, to inject assets are located in Beijing, Chongqing, Wuxi and other Chinese one, the second-tier cities in the highly value the development of a prime site, will fully enjoy the sales, rental income and property values continue to grow, and create broad performance Room to grow. The assets to be injected into a land development, land and real estate consolidate the development of the two joint development, residential and commercial development of the organic integration of real estate, will ensure the profitability of listed companies of sustainable growth.
Zhongguancun "freshmen"
Zhongguancun said the notice, through the reorganization of assets, Wong Kwong Yu shares to fulfill the commitment, "Zhongguancun will usher in historic change."
As early as 2006, Peng Thai investment had begun to intervene in the reorganization of Zhongguancun, in "The acquisition of the report" in the pledge, in Zhongguancun CD-MA properly resolve the issue of security and the efforts of the parties to resolve the listed company or the other Liabilities, overdue loans, tax disputes and other issues, listed companies can ensure that the assets and funds under the premise of safety, Peng agreed to invest in Chinese listed companies to find or inject high-quality real estate projects and to provide some financial assistance to help clear a listed company The main industry and enhance its sustained profitability.
Since then, Wong Kwong Yu through more than a year of efforts to defuse the amount of 3.39 billion yuan huge amounts of money involved in the CDMA security risk; Zhongguancun help solve the more than 10 billion of debt. To this end, Wong Kwong Yu-peng held by the Thai investment has supported the Zhongguancun several hundred million dollars to resolve the difficulties in Zhongguancun.
But as a just experienced restructuring and reform of the shares of listed companies in 2007, Zhongguancun in resolving the large number of bank debt restructuring and security issues, long-term, healthy development of the then highlighted.
As at December 31, 2007, Zhongguancun Science and Technology accumulated losses of 1.103 billion yuan, the adverse financial situation, the main business is not prominent, and lack of development potential still existed. The company healthy, rapid and sustainable development there is still more difficult.
After the reorganization, "Zhongguancun" clearly the development of enterprises will be the main industry, the company's rapid development. It is learnt that after the reorganization of the Zhongguancun Development will focus on four plates. One for residential development, the second is to hold property of the leasing business (such as business, hotels, office buildings); Third for the development of science and technology park, the fourth is a land development. From these sections, the operating assets will be injected into the company to provide a stable operating income and profit from a film into the land development business, the company access to policy support, stability, development and future profits of two land Lay a good foundation for the reserves.
Peng Thai investment in the hope that through this transaction, Zhongguancun is not completely clear from the main business, debt rate of high and new business development, such as poor plight into a residential real estate developers and technology as a platform for real estate listed companies.
According to Wang Jun is expected to complete after the injection of assets, Zhongguancun in 2008 and 2009 net profit will reach 450 million yuan and 700 million yuan and above. Accordingly, the Zhongguancun in 2008 and 2009 earnings per share were 0.234 yuan to 0.364 yuan and.
Wong Kwong Yu and lose in the stock market
In addition, the length of suspension because of Zhongguancun, in this market during the crash, Wong Kwong Yu choice at this time and cost-injection, the terms of his old shareholders to "lose" 4 to 5 billion yuan of assets.
It is learnt that the September 28, 2007, "Zhongguancun," the official suspension, then the large inventory of close to 5600, in accordance with the provisions of this non-public offering price based on the notice board before the 20th trading average of 14.67 yuan / Unit. The first time in nearly seven months, the market index was down about 50 percent, but due to major shareholders still more than seven months ago of 14.67 yuan per share conversion price will be about 18 billion yuan into high-quality real estate projects listed companies, investment and Peng HO Wong Kwong Yu, to the actual holders of the total equity reduced by about 400 million shares, equivalent to the listed company posted a 4-5 billion yuan of assets.
Wang Jun said, in fact, this pricing benefits, "Zhongguancun," the small and medium-sized shareholders, will be more than 600 million old shares a virtual stock reinforce the role of thick mats will share net assets and earnings capacity To ensure that the "Zhongguancun" the interests of small and medium-sized investors.
5/23/08
Yan Jiehe: from business tycoons to billions spent nearly 20 years-3
Mergers and acquisitions before the end of 50 billion yuan state-owned assets: Guotuiminjin think the opportunities are fewer and fewer Yan Jiehe rather creative way of the merger of state-owned enterprises and urban infrastructure tied up, and only with the municipal level of government to conduct an overall negotiations. Facts have proved that strict city package solution popular local governments welcome. On the one hand, packaged acquisition of the loss of local state-owned enterprises, the local government to discharge the burden on the other hand, BT is committed to Dianzi model for the construction of local infrastructure, especially the new industrial park of the building, the local government for the development of new industrial projects Provides the possibility. In addition, as a city, a city "package" talks, Yan Jiehe acquisition of the assets and the amount of the signing of the contract amount of public construction have begun a great leap forward. Yan Jiehe fog Jixing Yan Jiehe Pacific Group for the development of the vision is: "2010, Pacific Group operating income 600 million, 30 million taxpayers, and reorganization of 20 state-owned large and medium-sized enterprises, creating five listed companies, the integration of five major industries; Create 100,000 jobs and attract 000 high-quality talent, shaping 100 billionaires and 10 million millionaire 1000, 10,000 million tycoons…… " However, Yan Jiehe's cause was not all smooth sailing, of the Pacific is an "alternative" mode of operation, the question from all sides has never been interrupted. At present, due to the concern of the SAC in Jiangxi Province, Jingdezhen Pacific Group acquired six state-owned enterprises has stalled the plan. In Changchun, the Pacific and even from the merger of the companies even more fierce resistance. September 3 in Japan in the Pacific and Jilin parties signed a formal agreement to come, but because of the withdrawal of four enterprises could not make the trip.
Yan Jiehe fog Jixing Corporate mergers were part of the staff questioned the Pacific "to government-oriented" talks line, accusing them of a suspected secret operations, "never an open tender, has never been known Pacific Group acquired a number of these state-owned enterprises to spend money." In addition, there are some people in the Pacific expressed doubts about the strength of the Group. They believe that 50 billion yuan of state-owned assets even if the "zero acquisition," Enterprise Reform also needs huge investment costs. And 200 billion infrastructure projects to advance the necessary funds will also be hundreds of billions of dollars. Moreover, the rapid expansion is also in the Pacific, across the enterprise linked funds will be difficult to withstand such pressure. Yan Jiehe on the phone told reporters, taking into account factors such as corporate debt, 50 billion acquisition of the funds necessary to finance may be far less than 50 billion, and Pacific Group on infrastructure projects in more revenue, should be able to meet this expenditure . And infrastructure funds are used in rolling to the Pacific's strength should be no problem. "We used mostly his own money, and there is no risk of capital strand breaks."
Yan Jiehe fog Jixing Corporate mergers were part of the staff questioned the Pacific "to government-oriented" talks line, accusing them of a suspected secret operations, "never an open tender, has never been known Pacific Group acquired a number of these state-owned enterprises to spend money." In addition, there are some people in the Pacific expressed doubts about the strength of the Group. They believe that 50 billion yuan of state-owned assets even if the "zero acquisition," Enterprise Reform also needs huge investment costs. And 200 billion infrastructure projects to advance the necessary funds will also be hundreds of billions of dollars. Moreover, the rapid expansion is also in the Pacific, across the enterprise linked funds will be difficult to withstand such pressure. Yan Jiehe on the phone told reporters, taking into account factors such as corporate debt, 50 billion acquisition of the funds necessary to finance may be far less than 50 billion, and Pacific Group on infrastructure projects in more revenue, should be able to meet this expenditure . And infrastructure funds are used in rolling to the Pacific's strength should be no problem. "We used mostly his own money, and there is no risk of capital strand breaks."
Yan Jiehe: from business tycoons to billions spent nearly 20 years-2
10 billion from the venture to become rich, Yan Jiehe spent the past 20 years. 1986, 26-year-old Yan Jiehe secondary school teachers left the post to the local state-owned enterprises as temporary workers. The following year, martial law through open competition by a local contractor of township enterprises, venture began. However, he has come from the real Diyitongjin 1992 Nanjing Ring Road project, when he earned 8 million yuan. In public construction projects have tasted sweet taste, Yan Jiehe decision as a main direction. 2001 Yan Jiehe started the business started on a new level. This is due to have adequate funding, Yan Jiehe began to take a lot of BT mode (Build-Transfer) operation of infrastructure projects: In other words, the first side to the construction of full Dianzi way to carry out infrastructure, the project will be completed Its ownership and operation of power transmitted to the Government and the Government through instalments to repay funds. BT model form for those who are eager to engage in infrastructure, and local governments have no funds to provide a shortcut, Yan began the business of high-speed development.
Mergers and acquisitions before the end of 50 billion yuan state-owned assets: Guotuiminjin think the opportunities are fewer and fewer 2005, Yan Jiehe began his speeding development and over again. From the beginning of the second half of this year within six months, he plans to Jiangxi, Jilin, Guangxi and the three state-owned enterprises in mergers and acquisitions, involving assets of more than 50 billion yuan. In fact, martial law on the acquisition of state-owned enterprises from 2001 began, so far, of the Pacific has acquired 31 state-owned enterprises, with assets amounting to 6 billion. ST listed companies including vertical and horizontal. Yan also told the media that the next few years, the Pacific Group will "in each of the acquisition of a listed company." However, Yan Jiehe, said: "Before a business is a business acquisitions, mergers and acquisitions this year, mainly on package." He said, "We buy state-owned enterprises this year, the intensity so much, is that Guotuiminjin the opportunities are fewer and fewer. "
Mergers and acquisitions before the end of 50 billion yuan state-owned assets: Guotuiminjin think the opportunities are fewer and fewer 2005, Yan Jiehe began his speeding development and over again. From the beginning of the second half of this year within six months, he plans to Jiangxi, Jilin, Guangxi and the three state-owned enterprises in mergers and acquisitions, involving assets of more than 50 billion yuan. In fact, martial law on the acquisition of state-owned enterprises from 2001 began, so far, of the Pacific has acquired 31 state-owned enterprises, with assets amounting to 6 billion. ST listed companies including vertical and horizontal. Yan also told the media that the next few years, the Pacific Group will "in each of the acquisition of a listed company." However, Yan Jiehe, said: "Before a business is a business acquisitions, mergers and acquisitions this year, mainly on package." He said, "We buy state-owned enterprises this year, the intensity so much, is that Guotuiminjin the opportunities are fewer and fewer. "
Yan Jiehe: from business tycoons to billions spent nearly 20 years
"2001, Yan Jiehe personal wealth increased by 11 billion!" October 12 released "Mission Hills in 2005 Hurun Report list" so that China Pacific Construction Group ( "Pacific Group") Chairman of the Board, Yan Jiehe become one of the most striking dark horse. "100 Rich List", in 2001 the Pacific Group, Yan Jiehe personal wealth soared from 1.5 billion yuan to 12.5 billion yuan, ranking second-ranked 100, this year's top personal wealth the fastest growing people. As a result of this dark horse of the birth of super-horsepower, Yan Jiehe and hold control of his huge "of the Pacific" enterprise groups begun to attract public attention. "Department of the Pacific" is to the excessive speed of development, in 2002 less than 2 billion yuan output value of the enterprise groups, in 2005 the output value is estimated as high as 30 billion yuan. Not long ago, Yan Jiehe announced that the Pacific Group will be the end of the year "packaged" in the form of purchase and total assets of 50 billion yuan of state-owned enterprises. "Pacific of" easily more than 100 billion merger generous, even then, "Drilon line", "Kelingeer of" dwarfs.
Tan Ying Pacific Group Headquarters: Most rooms empty Left Shanghai North Bund "Bang Hurun Report 2005" released at the scene, they embarked on a reporter from Shanghai to Nanjing train. The next day, journalists called on the Wutai Mountain in Nanjing on the 1st of the Pacific Group headquarters. Reporter found that this did several thousand billion trading group headquarters, only occupy the entire two-story office on March 4 of some rooms, and most of them empty rooms, corridors of the Office of the lights not even open. Front told reporters that martial law to the Inner Mongolia need to do to a group of other people have the right attitude to the media. Reporters have interviewed by phone from Tongliao in the Mr. Yan Jiehe. Yan Jiehe the Pacific Group in public while not high in popularity, but it is China's largest private infrastructure construction companies, it is the only one with national highways and municipal engineering general contracting a qualified private enterprises. At present, the Pacific Construction has 100,000 employees, employment is also China's largest number of private enterprises. Pacific Construction there are various types of infrastructure orders 200 billion yuan, sales income in 2005 is expected to 30 billion yuan. Pacific Group currently administered works, industry, investment and the three major groups in the northeast, north, northwest, southwest, central China five regional branches, as many as 115 member enterprises. Formed a highway, municipal, water conservancy infrastructure investment and construction as the core industries, while engaged in machinery, new materials, chemicals, ceramics, construction, real estate and other diversified operations of large enterprise groups.
Tan Ying Pacific Group Headquarters: Most rooms empty Left Shanghai North Bund "Bang Hurun Report 2005" released at the scene, they embarked on a reporter from Shanghai to Nanjing train. The next day, journalists called on the Wutai Mountain in Nanjing on the 1st of the Pacific Group headquarters. Reporter found that this did several thousand billion trading group headquarters, only occupy the entire two-story office on March 4 of some rooms, and most of them empty rooms, corridors of the Office of the lights not even open. Front told reporters that martial law to the Inner Mongolia need to do to a group of other people have the right attitude to the media. Reporters have interviewed by phone from Tongliao in the Mr. Yan Jiehe. Yan Jiehe the Pacific Group in public while not high in popularity, but it is China's largest private infrastructure construction companies, it is the only one with national highways and municipal engineering general contracting a qualified private enterprises. At present, the Pacific Construction has 100,000 employees, employment is also China's largest number of private enterprises. Pacific Construction there are various types of infrastructure orders 200 billion yuan, sales income in 2005 is expected to 30 billion yuan. Pacific Group currently administered works, industry, investment and the three major groups in the northeast, north, northwest, southwest, central China five regional branches, as many as 115 member enterprises. Formed a highway, municipal, water conservancy infrastructure investment and construction as the core industries, while engaged in machinery, new materials, chemicals, ceramics, construction, real estate and other diversified operations of large enterprise groups.
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