How will bitcoin react to the financial crisis
Publish: 2021-05-04 22:34:43
1. Around the blockchain currency, the dispute is still going on, and in the attack of bitcoin, we will find an instry that is very active: banking. The emotion of bitcoin in the banking instry can be called "hatred", and there are constant voices advocating that bitcoin value will return to zero. Dimon, CEO of JPMorgan Chase, can be called the standard bearer
Why do banks hate bitcoin so much? The important reason is that one of the major goals of bitcoin is to become a new currency in the digital era, or even a new "general equivalent". Although the scope of application is still limited, bitcoin payment has been accepted in some fields, and because of its transaction properties and potential value-added space, bitcoin has been sought after by a new generation of investors. In the United States, some people have concluded that the "old people" love the stock market, and the millennials love bitcoin. This is no doubt a bad sign for banks. They seem to be worried about losing their future
at present, bitcoin and its transactions are not regulated. Compared with banks that are still strictly regulated by the government, bitcoin has a strong competitive advantage, which also makes the banking instry nervous. Once more people hold and accept bitcoin and other blockchain e-coins, it will become a natural logic to trade with them, which will form capital flow outside the existing banking system, which is undoubtedly a major blow to the banking instry
Why do banks hate bitcoin so much? The important reason is that one of the major goals of bitcoin is to become a new currency in the digital era, or even a new "general equivalent". Although the scope of application is still limited, bitcoin payment has been accepted in some fields, and because of its transaction properties and potential value-added space, bitcoin has been sought after by a new generation of investors. In the United States, some people have concluded that the "old people" love the stock market, and the millennials love bitcoin. This is no doubt a bad sign for banks. They seem to be worried about losing their future
at present, bitcoin and its transactions are not regulated. Compared with banks that are still strictly regulated by the government, bitcoin has a strong competitive advantage, which also makes the banking instry nervous. Once more people hold and accept bitcoin and other blockchain e-coins, it will become a natural logic to trade with them, which will form capital flow outside the existing banking system, which is undoubtedly a major blow to the banking instry
2. The so-called finance, simply speaking, is the financing of funds. To be more simple, it is to study the relationship between money and money. This is my understanding. The strict definition is as follows:
Finance is the general term of currency circulation and credit activities and the economic activities associated with them. In a broad sense, finance generally refers to all economic activities related to the issuance, custody, exchange, settlement and financing of credit currency, Even including the trading of gold and silver, the narrow sense of Finance specifically refers to the credit currency financing<
financial crisis, also known as financial storm, refers to the sharp, short-term and super cyclical deterioration of all or most of the financial indicators (such as short-term interest rate, monetary assets, securities, real estate, land (price), commercial bankruptcy and financial institution bankruptcy) of a country or several countries and regions, In the whole region, the value of currency has been devalued by a large margin, the total economic volume and economic scale have suffered great losses, and the economic growth has been hit. It is often accompanied by a large number of business failures, rising unemployment rate, general economic depression, and even sometimes social unrest or national political instability
financial crisis can be divided into currency crisis, debt crisis and banking crisis. In recent years, the financial crisis is more and more showing a mixed form of crisis
Thailand's financial crisis occurred in the turmoil of the stock market and foreign exchange market. The first is the impact of US dollar contraction in the foreign exchange market, which makes the Thai baht depreciate greatly in a very short period of time, and further affects the stock market and financial system of Thailand. The financial market of Southeast Asia is a bundling economy with prosperity and loss, and the currencies of various countries are not unified. In the international financial market, US dollar eventually becomes the trading unit. Indirectly, it has created a driving force for the outbreak of the financial crisis
therefore, the outbreak of the Southeast Asian financial crisis came from the impact of the foreign exchange market, and the currency crisis became a subsidiary of the financial crisis
to make an analogy, you borrow 100 yuan from Zhang San, then Zhang San borrows 100 yuan from Li Si, and then Li Si borrows 100 yuan from Wang Wu. This is like the current financial system. If Zhang San says that I have no money now, I can't pay it back. In this way, Zhang San has no money to pay Li Si, and Li Si has no money to pay Wang Wu. So it went on, and the crisis happened
the financial crisis is caused by the subprime mortgage crisis in the United States. Americans don't need to pay down for their houses, and they are interest free for the first three years. American mortgage companies turn these mortgage loans into bonds issued around the world. When Americans can't afford the mortgage, many banks will go bankrupt because they buy such bonds. This led to the financial crisis, the global people to buy houses for Americans to pay
however, psychological factors are also the main role of the financial crisis. For example, China did not have a big impact on China, but e to the policy mistakes of national leaders and the public's psychology, China was involved in the financial crisis.
Finance is the general term of currency circulation and credit activities and the economic activities associated with them. In a broad sense, finance generally refers to all economic activities related to the issuance, custody, exchange, settlement and financing of credit currency, Even including the trading of gold and silver, the narrow sense of Finance specifically refers to the credit currency financing<
financial crisis, also known as financial storm, refers to the sharp, short-term and super cyclical deterioration of all or most of the financial indicators (such as short-term interest rate, monetary assets, securities, real estate, land (price), commercial bankruptcy and financial institution bankruptcy) of a country or several countries and regions, In the whole region, the value of currency has been devalued by a large margin, the total economic volume and economic scale have suffered great losses, and the economic growth has been hit. It is often accompanied by a large number of business failures, rising unemployment rate, general economic depression, and even sometimes social unrest or national political instability
financial crisis can be divided into currency crisis, debt crisis and banking crisis. In recent years, the financial crisis is more and more showing a mixed form of crisis
Thailand's financial crisis occurred in the turmoil of the stock market and foreign exchange market. The first is the impact of US dollar contraction in the foreign exchange market, which makes the Thai baht depreciate greatly in a very short period of time, and further affects the stock market and financial system of Thailand. The financial market of Southeast Asia is a bundling economy with prosperity and loss, and the currencies of various countries are not unified. In the international financial market, US dollar eventually becomes the trading unit. Indirectly, it has created a driving force for the outbreak of the financial crisis
therefore, the outbreak of the Southeast Asian financial crisis came from the impact of the foreign exchange market, and the currency crisis became a subsidiary of the financial crisis
to make an analogy, you borrow 100 yuan from Zhang San, then Zhang San borrows 100 yuan from Li Si, and then Li Si borrows 100 yuan from Wang Wu. This is like the current financial system. If Zhang San says that I have no money now, I can't pay it back. In this way, Zhang San has no money to pay Li Si, and Li Si has no money to pay Wang Wu. So it went on, and the crisis happened
the financial crisis is caused by the subprime mortgage crisis in the United States. Americans don't need to pay down for their houses, and they are interest free for the first three years. American mortgage companies turn these mortgage loans into bonds issued around the world. When Americans can't afford the mortgage, many banks will go bankrupt because they buy such bonds. This led to the financial crisis, the global people to buy houses for Americans to pay
however, psychological factors are also the main role of the financial crisis. For example, China did not have a big impact on China, but e to the policy mistakes of national leaders and the public's psychology, China was involved in the financial crisis.
3. More measures will be taken to stabilize the capital market 2008-10-13 08:12 source: the communique of the Third Plenary Session of the 17th CPC Central Committee published by Xinhua News Agency yesterday proposed that "we should adopt flexible and prudent macroeconomic policies, strive to expand domestic demand, especially consumer demand, and maintain economic stability, financial stability and capital market stability". In this regard, experts pointed out that in the current international economic and financial situation, in order to maintain stable economic growth, the future macro-control policy will be more flexible, and the fiscal and monetary policies will be further relaxed in the next stage< How do I choose stocks, Why should I choose stocks in the Third Plenary Session of the Central Committee of the Communist Party of China: keep the market stable
exclusive: Wall Street secrets of CICC's 18 major customers
institutions short last week: net outflow of 6.84 billion
this week's stock commentators are most optimistic: Ping An of China
Shenzhen Development's performance in the third quarter is expected to increase by 80%
notice of real estate leader's danger in the first three quarters
the fourth quarter is the last chance for self-help
for the Third Plenary Session of the Central Committee of the Communist Party According to the "flexible and prudent macroeconomic policy" proposed in the paper, experts believe that the central government will further relax its monetary policy and fiscal policy e to the increasing turbulence in the current international financial market< According to Zhou Zhou, deputy general manager of Southwest Securities R & D center, "flexibility and prudence" is a flexible response to the deterioration of the current international financial situation made by the central government according to the changes of the international economic situation and the situation. According to the recent central bank's "two rates" drop, and the finance and taxation department's cancellation of interest tax policy, it shows that the phased task of tightening policy in the previous stage has been completed. In the next stage, monetary policy and fiscal policy will be further relaxed according to the changes of international and domestic economic situation
Huang Xuejun, strategic analyst of Everbright Securities, agrees with this. He pointed out that under the deteriorating global financial situation, domestic macro-economic policies tend to be in line with international policies. However, e to the possibility of further deterioration of the U.S. financial crisis, it is necessary to further relax domestic macro-economic policies in the next step< In Huang Xuejun's view, there are two main characteristics in grasping the trend of macro policy in the next stage from the Third Plenary Session: first, the word "stability" is in the lead, and it is proposed to "maintain economic stability, financial stability and capital market stability", so the macro policy in the next stage will change from tight to steady; The second is to reflect the flexibility and foresight of macro policy in the next stage. In the current international financial crisis has the trend of further deterioration, China's macro policy will change with the development of the crisis situation< The Third Plenary Session of the Central Committee of the Communist Party of China proposed to "focus on expanding domestic demand, especially consumer demand". In this regard, experts said that this is a correct decision, and pointed out that under the current situation that external demand is likely to slow down, there are more sufficient reasons to expand domestic demand, In the next stage, the government may introce a series of policies aimed at stimulating domestic demand
"with the transfer of the financial crisis to the real economy, the consumer market in the United States, including Europe, may shrink, which will greatly affect China's exports." Therefore, it is necessary for China to take measures to promote domestic demand and further enhance the status of consumption in economic development, Zhou said. In his view, an important direction for China to promote domestic demand is to stimulate rural consumption market. Therefore, the government may introce a series of fiscal and monetary policies to stimulate rural consumption<
Huang Xuejun also said that to expand domestic demand and stimulate consumption, an important direction is to expand the rural consumer market. In his view, China's consumption has two gradients, one is urban-rural gradient, and the other is eastern and central western gradient. From the perspective of expanding domestic demand, the consumption potential of rural areas is greater than that of cities, and the potential of central and western regions is greater than that of eastern regions. Therefore, in order to expand domestic demand, rural areas and central and western regions will usher in more opportunities, and more fiscal policies to stimulate domestic demand may incline to these two gradients in the future
there may be more measures to stabilize the capital market
with the deterioration of the external economic environment, the Third Plenary Session of the CPC Central Committee not only proposed to maintain economic and financial stability, but also proposed to maintain the stability of the capital market. In this regard, Huang Xuejun said that this shows that the central government attaches great importance to China's capital market, and also shows the central government's determination to stabilize the capital market in the next step
at a time when the stock markets in Europe and the United States are in turmoil, the Asia Pacific market, including China's stock market, has also been greatly adversely affected. Therefore, relevant government departments have taken measures to stabilize the stock market one after another“ In my impression, it is rare that the capital market was proposed in the Third Plenary Session of the Central Committee of the Communist Party of China. This time, the Third Plenary Session of the Central Committee of the Communist Party of China proposed to "maintain the stability of the capital market", which shows that the central government has paid more attention to the capital market. " Zhou Zhou said that this reflects that there will be more policies and measures concive to the stable development of the capital market in the future<
Huang Xuejun also said that, in fact, in recent years, unprecedented efforts have been made to "stabilize" the capital market. Policies such as system, taxation, capital, supply and demand involve all aspects of the stock market, and almost "give what you want". It can be said that the policy power has been quite large, and the determination of the central government can be seen. However, Huang Xuejun believes that the core of the policy should be on the relationship between supply and demand. Only when the relationship between supply and demand changes fundamentally can the stock market be stabilized and more investment be focused on the fundamentals, so as to enhance market confidence.
exclusive: Wall Street secrets of CICC's 18 major customers
institutions short last week: net outflow of 6.84 billion
this week's stock commentators are most optimistic: Ping An of China
Shenzhen Development's performance in the third quarter is expected to increase by 80%
notice of real estate leader's danger in the first three quarters
the fourth quarter is the last chance for self-help
for the Third Plenary Session of the Central Committee of the Communist Party According to the "flexible and prudent macroeconomic policy" proposed in the paper, experts believe that the central government will further relax its monetary policy and fiscal policy e to the increasing turbulence in the current international financial market< According to Zhou Zhou, deputy general manager of Southwest Securities R & D center, "flexibility and prudence" is a flexible response to the deterioration of the current international financial situation made by the central government according to the changes of the international economic situation and the situation. According to the recent central bank's "two rates" drop, and the finance and taxation department's cancellation of interest tax policy, it shows that the phased task of tightening policy in the previous stage has been completed. In the next stage, monetary policy and fiscal policy will be further relaxed according to the changes of international and domestic economic situation
Huang Xuejun, strategic analyst of Everbright Securities, agrees with this. He pointed out that under the deteriorating global financial situation, domestic macro-economic policies tend to be in line with international policies. However, e to the possibility of further deterioration of the U.S. financial crisis, it is necessary to further relax domestic macro-economic policies in the next step< In Huang Xuejun's view, there are two main characteristics in grasping the trend of macro policy in the next stage from the Third Plenary Session: first, the word "stability" is in the lead, and it is proposed to "maintain economic stability, financial stability and capital market stability", so the macro policy in the next stage will change from tight to steady; The second is to reflect the flexibility and foresight of macro policy in the next stage. In the current international financial crisis has the trend of further deterioration, China's macro policy will change with the development of the crisis situation< The Third Plenary Session of the Central Committee of the Communist Party of China proposed to "focus on expanding domestic demand, especially consumer demand". In this regard, experts said that this is a correct decision, and pointed out that under the current situation that external demand is likely to slow down, there are more sufficient reasons to expand domestic demand, In the next stage, the government may introce a series of policies aimed at stimulating domestic demand
"with the transfer of the financial crisis to the real economy, the consumer market in the United States, including Europe, may shrink, which will greatly affect China's exports." Therefore, it is necessary for China to take measures to promote domestic demand and further enhance the status of consumption in economic development, Zhou said. In his view, an important direction for China to promote domestic demand is to stimulate rural consumption market. Therefore, the government may introce a series of fiscal and monetary policies to stimulate rural consumption<
Huang Xuejun also said that to expand domestic demand and stimulate consumption, an important direction is to expand the rural consumer market. In his view, China's consumption has two gradients, one is urban-rural gradient, and the other is eastern and central western gradient. From the perspective of expanding domestic demand, the consumption potential of rural areas is greater than that of cities, and the potential of central and western regions is greater than that of eastern regions. Therefore, in order to expand domestic demand, rural areas and central and western regions will usher in more opportunities, and more fiscal policies to stimulate domestic demand may incline to these two gradients in the future
there may be more measures to stabilize the capital market
with the deterioration of the external economic environment, the Third Plenary Session of the CPC Central Committee not only proposed to maintain economic and financial stability, but also proposed to maintain the stability of the capital market. In this regard, Huang Xuejun said that this shows that the central government attaches great importance to China's capital market, and also shows the central government's determination to stabilize the capital market in the next step
at a time when the stock markets in Europe and the United States are in turmoil, the Asia Pacific market, including China's stock market, has also been greatly adversely affected. Therefore, relevant government departments have taken measures to stabilize the stock market one after another“ In my impression, it is rare that the capital market was proposed in the Third Plenary Session of the Central Committee of the Communist Party of China. This time, the Third Plenary Session of the Central Committee of the Communist Party of China proposed to "maintain the stability of the capital market", which shows that the central government has paid more attention to the capital market. " Zhou Zhou said that this reflects that there will be more policies and measures concive to the stable development of the capital market in the future<
Huang Xuejun also said that, in fact, in recent years, unprecedented efforts have been made to "stabilize" the capital market. Policies such as system, taxation, capital, supply and demand involve all aspects of the stock market, and almost "give what you want". It can be said that the policy power has been quite large, and the determination of the central government can be seen. However, Huang Xuejun believes that the core of the policy should be on the relationship between supply and demand. Only when the relationship between supply and demand changes fundamentally can the stock market be stabilized and more investment be focused on the fundamentals, so as to enhance market confidence.
4. It's a simple place for the eagle to hold the shield.
go to the open space and press shift, that is, press 1, 2, 3, 4.
1 is to follow the character, 2 is to automatically attack the nearby monsters, 3 is to follow the character and attack 4 together. It seems that it's not clear. It's very simple. You can go up and have a try
go to the open space and press shift, that is, press 1, 2, 3, 4.
1 is to follow the character, 2 is to automatically attack the nearby monsters, 3 is to follow the character and attack 4 together. It seems that it's not clear. It's very simple. You can go up and have a try
5. Lehman Brothers, a financial "giant" for more than 150 years, finally failed to support itself in this stormy season. It came to a dismal end of "bankruptcy filing", which made Chinese people reassess the "subprime crisis" on the other side of the ocean. Affected by the incident, Bank of China shares fell by the limit in a large area yesterday, and China Merchants Bank also fell by the limit. Today, China Merchants Bank issued an announcement on its holding of Lehman Brothers bonds. Even if all the bonds are lost, it will only affect the earnings per share of 0.0324 yuan per share, with little substantial impact. But it remains to be seen whether investors with fragile psychology will treat them rationally
"Lehman Brothers is facing bankruptcy!"—— The impact of this news on the global stock market can be described as immediate, but its impact may be just beginning to show
after Hua'an Fund announced yesterday that its Hua'an international allocation fund was affected by the Lehman Brothers incident, China Merchants Bank (600036, closing price: 16.07 yuan) also announced today that it was affected by the Lehman Brothers incident. The announcement said that the company held a total of US $70 million in bonds issued by the US company
instry insiders pointed out that in the face of yesterday's Qiqi drop limit of bank stocks, the release of this adverse news may be magnified by the market<
limited material impact
today, China Merchants Bank announced that as of the announcement date, the company held a total of US $70 million of bond exposure issued by Lehman Brothers; Among them, senior bonds are 60 million US dollars and subordinated bonds are 10 million US dollars. At the same time, the announcement said that the company will assess the risk of the above bonds and draw corresponding impairment reserves according to the prudent principle
US $70 million - equivalent to RMB 477 million, how much impact will this figure have on China Merchants Bank
if China Merchants Bank withdraws 10% impairment on the bonds issued by Lehman Brothers, the loss will be 47.7 million yuan. According to China Merchants Bank's total share capital of 14.707 billion shares, the impact on earnings per share will be only 0.0032 yuan / share
if China Merchants Bank makes 50% bad debt provision for us $70 million, the impact on earnings per share is only 0.0162 yuan / share
even if we plan for the worst and make full bad debt provision for the $70 million, the impact will be only 0.0324 yuan per share, which is obviously quite small compared with the earnings per share of CMB of 0.9 yuan in the middle of this year
therefore, national securities analysts believe that although China Merchants Bank has not made corresponding provision for impairment of the bonds held by Lehman Brothers, even if the event is prepared for the worst, the substantial impact on China Merchants Bank is quite limited<
the market may overreact
"the substantial impact is limited!" This is the instry's evaluation of China Merchants Bank's involvement in the Lehman Brothers incident, but will the market treat it rationally
in recent months, global primary proct prices have experienced a deep downward adjustment. At the end of September, the prices of oil, metal, rubber and other procts generally fell by 20% compared with the highest price this year, and the prices were higher than 40%. After this round of market adjustment, especially after the implementation of the US $850 billion rescue plan, the price trend of global primary procts in the next stage has become a hot topic again
there is a view that the global primary proct prices have reached the bottom after diving. The implementation of the US $850 billion rescue plan and the global cooperation will boost the world economy and push the primary proct prices up sharply
there is some truth in the above views. The implementation of the US $850 billion rescue plan can indeed enhance economic confidence and avoid further deterioration of the financial situation. Moreover, a large amount of money injected into the market in the near future may also lead to the depreciation of the US dollar, thus driving up the prices of primary procts. But on the whole, the medium-term market of global primary procts will still be weak, and it is difficult to have a sustained strong rebound. The main theme of this trend will not change greatly
the main reason why the medium-term prices of global primary procts are weak is that there is a big problem in the consumption capacity of the United States. In the past 10 years, the global economic development has been unbalanced, and Americans have been living beyond their means for a long time on the issue of consumption. Both the US government and the general public are heavily in debt, overdrawn their future consumption, and even have no ability to repay their consumption, such as "subprime loans". According to some data, after the implementation of the US $850 billion rescue plan, the US government's fiscal deficit will account for a record 8% of GDP. Including the government's debt, the total debt of the United States will reach or close to 10
trillion US dollars, accounting for almost 70% of the GDP of the United States, thus pushing the debt of the United States to the highest level since 1954. The outbreak of the subprime mortgage crisis has also dealt a heavy blow to the credibility of US bonds, and has encountered great resistance in issuing new bonds. Therefore, for a period of time, the United States will be in the stage of "debt repayment" by consumption, which will significantly weaken the ability of Americans to consume in the future
the implementation of the US $850 billion rescue plan, even though it has a certain effect of stimulating consumption in the near future, can only further aggravate the degree of "overdraft" of US consumption capacity in the future. Because the U.S. government has not accumulated much savings, the raising of huge funds almost entirely depends on issuing bonds, borrowing from other countries, and then starting the banknote printing machine to print a large number of banknotes
not only that, because of the outbreak of the "subprime mortgage crisis", it has spread from the financial sector to the real economy and to the euro area countries, resulting in a large number of unemployment and declining income; Because the prices of the stock market, the property market and the bond market dropped sharply, resulting in a sharp decline in wealth; Because financial institutions are short of money and credit is generally shrinking, the consumption ability of Americans has been greatly damaged, which has largely offset the $850 billion stimulus effect
of course, the implementation of the market rescue will inject a lot of funds into the market, which may lead to the depreciation of the US dollar again. Although the depreciation of the US dollar can push up the prices of primary procts in the short term, it will lead to more shrinkage of the purchasing power of the US and global markets, which will have a new impact on the consumption power
American consumption belongs to the global final consumption, accounting for 30% of the world's final consumption, and has the function of "locomotive" of the global economy. Because the United States "pays off its debt through consumption", its final consumption capacity is weakened, which is bound to make the world's demand for primary procts in a period of time at a low level. This can be proved by the sharp decline of China's import growth of primary procts. According to statistics, the total import volume of China's oil, iron ore and rubber procts in 2007 was 549.32 million tons, a year-on-year increase of 15.8%, a drop of 2.5 percentage points over the previous year, and a drop of 22 percentage points over 2004. From January to July this year, the total import volume of 10 important primary procts including petroleum, coal, steel, copper and rubber was 77.79 million tons, down 8.4% year on year. China is the world's largest primary proct importer and intermediate consumer. The growth rate of its import volume has dropped sharply, or even declined, reflecting the weakening of global primary proct consumption at this stage
it can be seen that the significant weakening of global demand will greatly restrain the prices of primary procts in the next stage“ Without skin, how can hair be attached? Under the circumstances of the overall economic downturn and insufficient demand, how can the price rise be driven? Therefore, the medium-term market of world primary procts will be weak. Even if the US dollar depreciates, it will only promote the short-term price rebound, and then it will fall, or even fall more sharply. This is the most fundamental and leading factor in commanding the overall situation. We should have enough understanding of this<
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in the near future, the central bank will continue to rationally use interest rate tools to implement macro-control
according to our news, Su Ning, vice president of the people's Bank of China, said at the seminar on "China's investment frontier" yesterday that at present, China's financial system is full of liquidity, and the impact of the U.S. financial crisis on China's financial institutions is limited. He believes that the fundamentals of China's stable and rapid economic development have not changed, but the environment for China's economic development next year will be more severe than this year, and the central bank will continue to make rational use of interest rate tools to implement macro-control in the future. He also said that even if house prices fall to the level at the beginning of 2007, the impact on China's banking instry is still limited< Su Ning said that the financing structure of China's banks is mainly composed of enterprise and indivial deposits, which has laid a good foundation for the steady operation of banks. At the same time, as the credit derivatives with greater leverage effect, China has not been developed greatly, so even if indivial banks have problems, the risk range is limited, and will not spread to other financial institutions< According to reports, from January to September this year, the net profit of banking financial institutions was 597.6 billion yuan, up 40.6% year on year“ This shows that the micro foundation of China's financial system is good. After several years of development, China's financial instry has greatly enhanced its overall strength, operational capability and anti risk capability. " He said that in recent months, by recing the deposit reserve ratio and the benchmark interest rate and other policies, the market liquidity of the banking system as a whole has been abundant. The central bank will further strengthen prudential supervision and risk prevention, and have full confidence in the sound operation of China's finance< According to Suning's analysis, at present, the fundamentals of China's steady and rapid economic development have not changed. However, it must be noted that in the third quarter of this year, the economy of the United States, Europe and Japan showed signs of recession to varying degrees, which will have a huge impact on China's foreign trade and economic growth
"considering the international and domestic economic environment, the environment for China's economic development next year may be more severe than this year. We must attach great importance to it, take more active measures, intensify structural adjustment and maintain stable export growth. " Suning stressed that while stabilizing export growth, it is of special significance to maintain stable growth of domestic demand
in Suning's view, expanding domestic demand can not only expand investment demand, such as increasing government investment in improving infrastructure, improving urban construction and strengthening environmental governance, but also expand consumption demand. The key to expanding consumption demand is to adjust the distribution structure of national income and expand the proportion of residents' income in national income. To improve the income of residents, an important aspect is to focus on improving the income of farmers and migrant workers, and then increase the proportion of the whole residents in GDP distribution. To this end, Suning said that in the face of an increasingly complex international financial and economic environment, the central bank will further strengthen information communication and sharing with the national development and Reform Commission, the Ministry of Finance and other departments, improve the policy coordination mechanism, work in a multi pronged way to jointly respond and form a joint force<
the impact of the property market on banks is still limited
Suning said that the central bank will continue to pay attention to changes in the domestic and international economic situation and continue to implement a flexible and prudent macro monetary policy. In terms of interest rate, we should play the regulatory role of price leverage to stabilize market expectations. In the future, we will make rational use of price and other tools to implement regulation, give more play to the role of interest rate in the market, and improve the market's ability of self-regulation
with regard to the problem that the current economic growth rate is declining and the bank's credit willingness is not strong, which greatly reces the monetary efficiency, Suning said that the central bank is studying the relevant issues
"Lehman Brothers is facing bankruptcy!"—— The impact of this news on the global stock market can be described as immediate, but its impact may be just beginning to show
after Hua'an Fund announced yesterday that its Hua'an international allocation fund was affected by the Lehman Brothers incident, China Merchants Bank (600036, closing price: 16.07 yuan) also announced today that it was affected by the Lehman Brothers incident. The announcement said that the company held a total of US $70 million in bonds issued by the US company
instry insiders pointed out that in the face of yesterday's Qiqi drop limit of bank stocks, the release of this adverse news may be magnified by the market<
limited material impact
today, China Merchants Bank announced that as of the announcement date, the company held a total of US $70 million of bond exposure issued by Lehman Brothers; Among them, senior bonds are 60 million US dollars and subordinated bonds are 10 million US dollars. At the same time, the announcement said that the company will assess the risk of the above bonds and draw corresponding impairment reserves according to the prudent principle
US $70 million - equivalent to RMB 477 million, how much impact will this figure have on China Merchants Bank
if China Merchants Bank withdraws 10% impairment on the bonds issued by Lehman Brothers, the loss will be 47.7 million yuan. According to China Merchants Bank's total share capital of 14.707 billion shares, the impact on earnings per share will be only 0.0032 yuan / share
if China Merchants Bank makes 50% bad debt provision for us $70 million, the impact on earnings per share is only 0.0162 yuan / share
even if we plan for the worst and make full bad debt provision for the $70 million, the impact will be only 0.0324 yuan per share, which is obviously quite small compared with the earnings per share of CMB of 0.9 yuan in the middle of this year
therefore, national securities analysts believe that although China Merchants Bank has not made corresponding provision for impairment of the bonds held by Lehman Brothers, even if the event is prepared for the worst, the substantial impact on China Merchants Bank is quite limited<
the market may overreact
"the substantial impact is limited!" This is the instry's evaluation of China Merchants Bank's involvement in the Lehman Brothers incident, but will the market treat it rationally
in recent months, global primary proct prices have experienced a deep downward adjustment. At the end of September, the prices of oil, metal, rubber and other procts generally fell by 20% compared with the highest price this year, and the prices were higher than 40%. After this round of market adjustment, especially after the implementation of the US $850 billion rescue plan, the price trend of global primary procts in the next stage has become a hot topic again
there is a view that the global primary proct prices have reached the bottom after diving. The implementation of the US $850 billion rescue plan and the global cooperation will boost the world economy and push the primary proct prices up sharply
there is some truth in the above views. The implementation of the US $850 billion rescue plan can indeed enhance economic confidence and avoid further deterioration of the financial situation. Moreover, a large amount of money injected into the market in the near future may also lead to the depreciation of the US dollar, thus driving up the prices of primary procts. But on the whole, the medium-term market of global primary procts will still be weak, and it is difficult to have a sustained strong rebound. The main theme of this trend will not change greatly
the main reason why the medium-term prices of global primary procts are weak is that there is a big problem in the consumption capacity of the United States. In the past 10 years, the global economic development has been unbalanced, and Americans have been living beyond their means for a long time on the issue of consumption. Both the US government and the general public are heavily in debt, overdrawn their future consumption, and even have no ability to repay their consumption, such as "subprime loans". According to some data, after the implementation of the US $850 billion rescue plan, the US government's fiscal deficit will account for a record 8% of GDP. Including the government's debt, the total debt of the United States will reach or close to 10
trillion US dollars, accounting for almost 70% of the GDP of the United States, thus pushing the debt of the United States to the highest level since 1954. The outbreak of the subprime mortgage crisis has also dealt a heavy blow to the credibility of US bonds, and has encountered great resistance in issuing new bonds. Therefore, for a period of time, the United States will be in the stage of "debt repayment" by consumption, which will significantly weaken the ability of Americans to consume in the future
the implementation of the US $850 billion rescue plan, even though it has a certain effect of stimulating consumption in the near future, can only further aggravate the degree of "overdraft" of US consumption capacity in the future. Because the U.S. government has not accumulated much savings, the raising of huge funds almost entirely depends on issuing bonds, borrowing from other countries, and then starting the banknote printing machine to print a large number of banknotes
not only that, because of the outbreak of the "subprime mortgage crisis", it has spread from the financial sector to the real economy and to the euro area countries, resulting in a large number of unemployment and declining income; Because the prices of the stock market, the property market and the bond market dropped sharply, resulting in a sharp decline in wealth; Because financial institutions are short of money and credit is generally shrinking, the consumption ability of Americans has been greatly damaged, which has largely offset the $850 billion stimulus effect
of course, the implementation of the market rescue will inject a lot of funds into the market, which may lead to the depreciation of the US dollar again. Although the depreciation of the US dollar can push up the prices of primary procts in the short term, it will lead to more shrinkage of the purchasing power of the US and global markets, which will have a new impact on the consumption power
American consumption belongs to the global final consumption, accounting for 30% of the world's final consumption, and has the function of "locomotive" of the global economy. Because the United States "pays off its debt through consumption", its final consumption capacity is weakened, which is bound to make the world's demand for primary procts in a period of time at a low level. This can be proved by the sharp decline of China's import growth of primary procts. According to statistics, the total import volume of China's oil, iron ore and rubber procts in 2007 was 549.32 million tons, a year-on-year increase of 15.8%, a drop of 2.5 percentage points over the previous year, and a drop of 22 percentage points over 2004. From January to July this year, the total import volume of 10 important primary procts including petroleum, coal, steel, copper and rubber was 77.79 million tons, down 8.4% year on year. China is the world's largest primary proct importer and intermediate consumer. The growth rate of its import volume has dropped sharply, or even declined, reflecting the weakening of global primary proct consumption at this stage
it can be seen that the significant weakening of global demand will greatly restrain the prices of primary procts in the next stage“ Without skin, how can hair be attached? Under the circumstances of the overall economic downturn and insufficient demand, how can the price rise be driven? Therefore, the medium-term market of world primary procts will be weak. Even if the US dollar depreciates, it will only promote the short-term price rebound, and then it will fall, or even fall more sharply. This is the most fundamental and leading factor in commanding the overall situation. We should have enough understanding of this<
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in the near future, the central bank will continue to rationally use interest rate tools to implement macro-control
according to our news, Su Ning, vice president of the people's Bank of China, said at the seminar on "China's investment frontier" yesterday that at present, China's financial system is full of liquidity, and the impact of the U.S. financial crisis on China's financial institutions is limited. He believes that the fundamentals of China's stable and rapid economic development have not changed, but the environment for China's economic development next year will be more severe than this year, and the central bank will continue to make rational use of interest rate tools to implement macro-control in the future. He also said that even if house prices fall to the level at the beginning of 2007, the impact on China's banking instry is still limited< Su Ning said that the financing structure of China's banks is mainly composed of enterprise and indivial deposits, which has laid a good foundation for the steady operation of banks. At the same time, as the credit derivatives with greater leverage effect, China has not been developed greatly, so even if indivial banks have problems, the risk range is limited, and will not spread to other financial institutions< According to reports, from January to September this year, the net profit of banking financial institutions was 597.6 billion yuan, up 40.6% year on year“ This shows that the micro foundation of China's financial system is good. After several years of development, China's financial instry has greatly enhanced its overall strength, operational capability and anti risk capability. " He said that in recent months, by recing the deposit reserve ratio and the benchmark interest rate and other policies, the market liquidity of the banking system as a whole has been abundant. The central bank will further strengthen prudential supervision and risk prevention, and have full confidence in the sound operation of China's finance< According to Suning's analysis, at present, the fundamentals of China's steady and rapid economic development have not changed. However, it must be noted that in the third quarter of this year, the economy of the United States, Europe and Japan showed signs of recession to varying degrees, which will have a huge impact on China's foreign trade and economic growth
"considering the international and domestic economic environment, the environment for China's economic development next year may be more severe than this year. We must attach great importance to it, take more active measures, intensify structural adjustment and maintain stable export growth. " Suning stressed that while stabilizing export growth, it is of special significance to maintain stable growth of domestic demand
in Suning's view, expanding domestic demand can not only expand investment demand, such as increasing government investment in improving infrastructure, improving urban construction and strengthening environmental governance, but also expand consumption demand. The key to expanding consumption demand is to adjust the distribution structure of national income and expand the proportion of residents' income in national income. To improve the income of residents, an important aspect is to focus on improving the income of farmers and migrant workers, and then increase the proportion of the whole residents in GDP distribution. To this end, Suning said that in the face of an increasingly complex international financial and economic environment, the central bank will further strengthen information communication and sharing with the national development and Reform Commission, the Ministry of Finance and other departments, improve the policy coordination mechanism, work in a multi pronged way to jointly respond and form a joint force<
the impact of the property market on banks is still limited
Suning said that the central bank will continue to pay attention to changes in the domestic and international economic situation and continue to implement a flexible and prudent macro monetary policy. In terms of interest rate, we should play the regulatory role of price leverage to stabilize market expectations. In the future, we will make rational use of price and other tools to implement regulation, give more play to the role of interest rate in the market, and improve the market's ability of self-regulation
with regard to the problem that the current economic growth rate is declining and the bank's credit willingness is not strong, which greatly reces the monetary efficiency, Suning said that the central bank is studying the relevant issues
6. To perish, be mad first. The truth is just like our old saying that things turn when they are extreme. Take 2007 as an example, when all people are buying stocks and houses, and almost all people are making money, the end of madness will come. The stock market and the housing market are dismal. History always repeats itself. You can prove that...
7. Many people think that the financial crisis is far away from us. In fact, it is not. The financial crisis has also had a lot of real effects on our lives:
first, more enterprises will go bankrupt. In particular, some foreign trade enterprises, affected by the foreign financial crisis, suffer export losses. When the enterprises are insolvent, they will go bankrupt, and the collapse of the enterprises will naturally affect the people< Second, enterprises are starting a wave of layoffs again. If it is difficult for an enterprise to do business, it will find ways to rece costs and proction, and it will make up its mind to lay off employees. If a family member is laid off, it will affect family life< Third, it is more and more difficult to find a job. Enterprises are closing down, layoffs, where will think of adding new employees? So it will be more difficult for college graates to find jobs. If not, go to the countryside to farm< 4. Don't try to raise your salary. In the global financial crisis, salary increase will graally become a very difficult thing, your salary may be reced, bonus will be less and less, even don't think about it. So if you are a wage dependent consumer, you should pay attention to recing expenses< 5. Money is a treasure. Investment, consumption and trade will all get colder. People will pay more and more attention to cash. Cash will become more and more precious, and money will become more and more money< Sixth, commodity prices will fall. With the decrease of demand, the prices of all kinds of goods will drop. Don't worry about buying a house. Some people estimate that the domestic house prices will drop by 50% in the next one to three years< 7. Don't burn your purse. Even if you are rich, even if you are rich, don't "burn the bag", don't "fight the rich" and don't "be smart". It's better to live a good life as a miserable one< Eight, "living within your means" is the best way. The story of an "American old woman" and a "Chinese old woman" is almost well known. With the media's rendering and guidance, many Chinese people, especially the younger generation, are envious of the American "smart" consumption mode. The concept of loan consumption and consumption ahead of time is almost deeply rooted in the hearts of the people. A large number of "card slaves", "house slaves" and "car slaves" have emerged. It's time for these slaves to reflect< 9. Don't try to get rid of the stock market easily. The stock market has shrunk a lot. The hope of panning for gold in the stock market has been dashed, and even the institutions have been complaining endlessly. What hope do we retail investors have? Just think of the money invested in the stock market as supporting national construction< 10. The life of the poor is the most difficult. There are still many poor people in China. When the financial crisis came, the hard times were even more difficult. Fortunately, everyone had a hard time in the past. Fortunately, the present government will care about the vulnerable groups, so it will be over.
first, more enterprises will go bankrupt. In particular, some foreign trade enterprises, affected by the foreign financial crisis, suffer export losses. When the enterprises are insolvent, they will go bankrupt, and the collapse of the enterprises will naturally affect the people< Second, enterprises are starting a wave of layoffs again. If it is difficult for an enterprise to do business, it will find ways to rece costs and proction, and it will make up its mind to lay off employees. If a family member is laid off, it will affect family life< Third, it is more and more difficult to find a job. Enterprises are closing down, layoffs, where will think of adding new employees? So it will be more difficult for college graates to find jobs. If not, go to the countryside to farm< 4. Don't try to raise your salary. In the global financial crisis, salary increase will graally become a very difficult thing, your salary may be reced, bonus will be less and less, even don't think about it. So if you are a wage dependent consumer, you should pay attention to recing expenses< 5. Money is a treasure. Investment, consumption and trade will all get colder. People will pay more and more attention to cash. Cash will become more and more precious, and money will become more and more money< Sixth, commodity prices will fall. With the decrease of demand, the prices of all kinds of goods will drop. Don't worry about buying a house. Some people estimate that the domestic house prices will drop by 50% in the next one to three years< 7. Don't burn your purse. Even if you are rich, even if you are rich, don't "burn the bag", don't "fight the rich" and don't "be smart". It's better to live a good life as a miserable one< Eight, "living within your means" is the best way. The story of an "American old woman" and a "Chinese old woman" is almost well known. With the media's rendering and guidance, many Chinese people, especially the younger generation, are envious of the American "smart" consumption mode. The concept of loan consumption and consumption ahead of time is almost deeply rooted in the hearts of the people. A large number of "card slaves", "house slaves" and "car slaves" have emerged. It's time for these slaves to reflect< 9. Don't try to get rid of the stock market easily. The stock market has shrunk a lot. The hope of panning for gold in the stock market has been dashed, and even the institutions have been complaining endlessly. What hope do we retail investors have? Just think of the money invested in the stock market as supporting national construction< 10. The life of the poor is the most difficult. There are still many poor people in China. When the financial crisis came, the hard times were even more difficult. Fortunately, everyone had a hard time in the past. Fortunately, the present government will care about the vulnerable groups, so it will be over.
8.
Financial crisis reflects that human beings have not found the law of financial law, so financial crisis occurs frequently. Let's not talk about others. Let's look at Federal Reserve Chairman Greenspan first. On September 15, 2008, the global financial crisis broke out. Greenspan, the former chairman of the Federal Reserve, has been in charge of the Federal Reserve for 21 years. During this period, there have been many financial crises. He did not notice them once, but mistook the false prosperity for the truth again and again. In contrast, since the 1990s, e to the understanding of the context of finance, all previous financial crises have not yet broken out. Professor David Ding has never taken the trouble to warn the world and publicize the results and even the results of the results, and has made a lot of unremitting efforts to prevent the outbreak of the crisis
Professor David Ding is the discoverer of financial laws, the inventor of financial laws, international famous financial experts, financial crisis forecasters, international business management experts, international financial experts, global financial leaders, financial market watchers, China's financial market diagnosticians and promoters of China's financial internationalization. After more than 20 years of painstaking research and a lot of practice, we have finally discovered the objective law of Finance for the first time, created the precedent of human financial science, and opened the context and change law of Finance and crisis. The world's unique, most advanced, most perfect, most practical and most effective management system, theoretical system and teaching system -- financial tree, financial tree system, knowledge tree, financial laws, systems finance, financial ecology, financial physics, financial science and the inventor and founder of financial science system, including the above trademarks Many domestic and foreign intellectual property rights holders, including right, are also indivials with the most intellectual property rights in the global financial field. The financial tree integrates the development rules and characteristics of accounting standards, financial management, financial markets and procts, enterprises, economy and finance into a visual "financial tree", which makes enterprise, economy and financial management clear at a glance. In the 1980s, he successfully obtained almost all the business licenses required by the U.S. financial / securities instry that can only be passed by an indivial, and has worked in different fields of the instry so far, involving all aspects of enterprise and financial management9. If you buy bitcoin, at least bitcoin is stable. Maybe you'll make money if you buy it for a while
10. The main modes are as follows:
crowdfunding
crowdfunding means mass financing or mass financing, which refers to the mode of raising project funds from netizens in the form of group buying in advance. The purpose of crowdfunding is to make use of the characteristics of Internet and SNS communication, so that start-ups, artists or indivials can
show their ideas and projects to the public, strive for everyone's attention and support, and then obtain the necessary financial assistance. The operation mode of crowdfunding platform is similar: indivials or teams who need funds hand over project planning to crowdfunding platform,
after relevant audit, they can set up their own page on the platform's website to introce the project to the public[ 3]
P2P network loan
P2P [4] (peer -
to peer lending), namely peer-to-peer credit. P2P online lending refers to the matching of loan and loan through the third-party Internet platform. The people who need to borrow can find the people who have
lending ability and are willing to lend based on certain conditions through the website platform, so as to help the lender spread the risk by sharing a loan amount with other lenders, It also helps borrowers to choose attractive interest rate conditions from fully comparative information, such as loan to bus, etc
there are two operation modes, the first is pure online mode, which is characterized by that the fund lending activities are carried out online, not combined with offline audit. Generally, the measures taken by these enterprises to verify the borrower's qualification include video authentication, checking bank statements, identity authentication, etc. The second mode is the combination of online and offline. After the borrower submits the loan application online, the platform checks the borrower's credit and repayment ability by means of household investigation through the agents in the city
third party payment
in a narrow sense, third party payment refers to the electronic payment mode in which non bank institutions with certain strength and reputation guarantee, with the help of communication, computer and information security technology, sign contracts with major banks to establish a connection between users and bank payment and settlement systems<
according to the definition of non-financial institution payment services given by the central bank in 2010 in the administrative measures for payment services of non-financial institutions, in a broad sense, third-party payment refers to network payment, prepaid card, bank card receipt and other payment services determined by the people's Bank of China provided by non-financial institutions as payment intermediaries of payees and payers. Third party payment is not only limited to the initial Internet payment, but also becomes a comprehensive payment tool with full online and offline coverage and richer application scenarios
digital currency
in addition to the booming forms of third-party payment, P2P loan mode, small loan mode, crowdfunding and yu'ebao mode, the internet currency represented by bitcoin also began to show its fangs [5]
the outbreak of Internet money represented by bitcoin and other digital currencies is more subversive than any other Internet financial form in a sense. On August 19, 2013, the German government officially recognized bitcoin's legal "currency" status,
bitcoin can be used for tax payment and other legal purposes, and Germany has become the first country in the world to recognize bitcoin. This means that bitcoin has begun to "wash white" graally, from the Geek's plaything to the public's attention. Perhaps, it can urge
to proce a real Internet financial empire
bitcoin is hot and it has also fallen sharply. In any case, this Internet gold rush banquet, which seems to have been far away from us, has graally come into our sight. It makes people see that the ultimate form of Internet finance is internet currency. All Internet finance is only a challenge to the existing commercial banks and securities companies, and the future development of Internet money is a challenge to the central bank. Maybe bitcoin will overturn the traditional financial growth and become the first global currency. Maybe it will eventually collapse. Anyway, it is certain that bitcoin will leave an eternal legacy to mankind[ 5]
big data finance
big data finance refers to the collection of massive unstructured data, through real-time analysis, it can provide Internet financial institutions with comprehensive information of customers, through the analysis and mining of customers' transaction and consumption information, grasp customers' consumption habits, and accurately predict customers' behavior, So that financial institutions and financial services platform in marketing and risk control targeted
financial service platform based on big data mainly refers to the financial services carried out by e-commerce enterprises with massive data. The key to big data is the ability to quickly obtain useful information from a large amount of data, or the ability to quickly realize and utilize big data assets. Therefore, the information processing of big data is often based on cloud computing
financial institutions
the so-called information-based financial institutions refer to the financial institutions such as banks, securities and insurance, which use information technology to transform or reconstruct the traditional operation process and realize comprehensive electronic operation and management. Financial informatization is one of the development trends of financial instry, and information-based financial institutions are the procts of financial innovation
from the perspective of the whole financial instry, the informatization construction of banks has always been at the leading level in the instry. It not only has an international leading financial information technology platform, but also has built an e-banking three-dimensional service system composed of self-service banks, telephone banks, mobile banks and online banks, and takes the lead in the instry with a large amount of informatization data concentration project, In addition to the innovative financial services based on the Internet, it has also formed a "portal", "online banking, financial procts supermarket, e-commerce" innovative financial e-commerce service mode
financial portal
Internet financial portal refers to the platform that uses the Internet to sell financial procts and provide third-party services for the sale of financial procts. Its core is the "search price comparison" mode, which adopts the vertical price comparison of financial procts, puts the procts of various financial institutions on the platform, and users select the appropriate financial procts through comparison
the Internet financial portal has diversified, innovated and developed to form a third-party financial institution providing high-end financial investment services and financial procts, and an insurance portal providing insurance proct consultation, price comparison and purchase services. This model does not have too many policy risks, because its platform is neither responsible for the actual sales of financial procts, nor bear any adverse risks, and the funds do not pass through the intermediate platform at all[ 3]
crowdfunding
crowdfunding means mass financing or mass financing, which refers to the mode of raising project funds from netizens in the form of group buying in advance. The purpose of crowdfunding is to make use of the characteristics of Internet and SNS communication, so that start-ups, artists or indivials can
show their ideas and projects to the public, strive for everyone's attention and support, and then obtain the necessary financial assistance. The operation mode of crowdfunding platform is similar: indivials or teams who need funds hand over project planning to crowdfunding platform,
after relevant audit, they can set up their own page on the platform's website to introce the project to the public[ 3]
P2P network loan
P2P [4] (peer -
to peer lending), namely peer-to-peer credit. P2P online lending refers to the matching of loan and loan through the third-party Internet platform. The people who need to borrow can find the people who have
lending ability and are willing to lend based on certain conditions through the website platform, so as to help the lender spread the risk by sharing a loan amount with other lenders, It also helps borrowers to choose attractive interest rate conditions from fully comparative information, such as loan to bus, etc
there are two operation modes, the first is pure online mode, which is characterized by that the fund lending activities are carried out online, not combined with offline audit. Generally, the measures taken by these enterprises to verify the borrower's qualification include video authentication, checking bank statements, identity authentication, etc. The second mode is the combination of online and offline. After the borrower submits the loan application online, the platform checks the borrower's credit and repayment ability by means of household investigation through the agents in the city
third party payment
in a narrow sense, third party payment refers to the electronic payment mode in which non bank institutions with certain strength and reputation guarantee, with the help of communication, computer and information security technology, sign contracts with major banks to establish a connection between users and bank payment and settlement systems<
according to the definition of non-financial institution payment services given by the central bank in 2010 in the administrative measures for payment services of non-financial institutions, in a broad sense, third-party payment refers to network payment, prepaid card, bank card receipt and other payment services determined by the people's Bank of China provided by non-financial institutions as payment intermediaries of payees and payers. Third party payment is not only limited to the initial Internet payment, but also becomes a comprehensive payment tool with full online and offline coverage and richer application scenarios
digital currency
in addition to the booming forms of third-party payment, P2P loan mode, small loan mode, crowdfunding and yu'ebao mode, the internet currency represented by bitcoin also began to show its fangs [5]
the outbreak of Internet money represented by bitcoin and other digital currencies is more subversive than any other Internet financial form in a sense. On August 19, 2013, the German government officially recognized bitcoin's legal "currency" status,
bitcoin can be used for tax payment and other legal purposes, and Germany has become the first country in the world to recognize bitcoin. This means that bitcoin has begun to "wash white" graally, from the Geek's plaything to the public's attention. Perhaps, it can urge
to proce a real Internet financial empire
bitcoin is hot and it has also fallen sharply. In any case, this Internet gold rush banquet, which seems to have been far away from us, has graally come into our sight. It makes people see that the ultimate form of Internet finance is internet currency. All Internet finance is only a challenge to the existing commercial banks and securities companies, and the future development of Internet money is a challenge to the central bank. Maybe bitcoin will overturn the traditional financial growth and become the first global currency. Maybe it will eventually collapse. Anyway, it is certain that bitcoin will leave an eternal legacy to mankind[ 5]
big data finance
big data finance refers to the collection of massive unstructured data, through real-time analysis, it can provide Internet financial institutions with comprehensive information of customers, through the analysis and mining of customers' transaction and consumption information, grasp customers' consumption habits, and accurately predict customers' behavior, So that financial institutions and financial services platform in marketing and risk control targeted
financial service platform based on big data mainly refers to the financial services carried out by e-commerce enterprises with massive data. The key to big data is the ability to quickly obtain useful information from a large amount of data, or the ability to quickly realize and utilize big data assets. Therefore, the information processing of big data is often based on cloud computing
financial institutions
the so-called information-based financial institutions refer to the financial institutions such as banks, securities and insurance, which use information technology to transform or reconstruct the traditional operation process and realize comprehensive electronic operation and management. Financial informatization is one of the development trends of financial instry, and information-based financial institutions are the procts of financial innovation
from the perspective of the whole financial instry, the informatization construction of banks has always been at the leading level in the instry. It not only has an international leading financial information technology platform, but also has built an e-banking three-dimensional service system composed of self-service banks, telephone banks, mobile banks and online banks, and takes the lead in the instry with a large amount of informatization data concentration project, In addition to the innovative financial services based on the Internet, it has also formed a "portal", "online banking, financial procts supermarket, e-commerce" innovative financial e-commerce service mode
financial portal
Internet financial portal refers to the platform that uses the Internet to sell financial procts and provide third-party services for the sale of financial procts. Its core is the "search price comparison" mode, which adopts the vertical price comparison of financial procts, puts the procts of various financial institutions on the platform, and users select the appropriate financial procts through comparison
the Internet financial portal has diversified, innovated and developed to form a third-party financial institution providing high-end financial investment services and financial procts, and an insurance portal providing insurance proct consultation, price comparison and purchase services. This model does not have too many policy risks, because its platform is neither responsible for the actual sales of financial procts, nor bear any adverse risks, and the funds do not pass through the intermediate platform at all[ 3]
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