Eun digital currency

1. 春夏秋冬
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学科

mathematics / mAWi5mAtiks/ 数学
arts / arts/ 文科
science / 5saiEns/ 理科
history / 5histEri/ 历史
geometry / dVi5Rmitri/ 几何
geography / dVi5RgrEfi/ 地理
geology / dVi5RlEdVi/ 地质学
biology / 5RlEdVi/ 生物
chemistry / 5kemistri/ 化学
physics / 5fiziks/ 物理
literature / 5litEritFE/ 文学
sociology / sEusi5RlEdVi/ 社会学
philosophy / fi5lRsEfi/ 哲学
psychology / sai5kRlEdVi/ 心理学
engineering / endVi5niEriN/ 工程学
medicine / 5medisin/ 医学
agriculture / 5AgrikQltFE/ 农学
astronomy / Es5trRnEmi/ 天文学
economics / i:kE5nRmiks/ 经济学
politics / 5pRlitiks/ 政治学
law / lR:/ 法学
finance / fai5nAns, fi-/ 财政学
architecture / 5a:kitektFE/ 建筑学
艺术流派
Byzantine / bi5zAntain/ 拜占庭式
Romanesque / 5roumE5nesk/ 罗马式
Gothic / 5gRWik/ 哥特式
Baroque / bE5rEuk/ 巴洛克式
classicism / 5klAsisizEm/ 古典主义,古典风格
romanticism / rou5mAntisizm/ 浪漫主义
realism / 5riElizEm/ 现实主义
symbolism / 5simbElizm/ 象征主义
impressionism / im5prZFEnizEm/ 印象主义
expressionism / / 表现主义
Fauvism / 5fouvizm/ 野兽派
abstract art / / 抽象派, 抽象主义
Cubism / 5kju:bizm/ 立体派, 立体主义
naturalism / 5nAtFErElizEm/ 自然主义
existentialism / / 存在主义
futurism / 5fju:tFErizm/ 未来主义

文学

author / 5R:WE/ 作者
essay / 5esei/ 随笔
reportage / repR:5tB:V/ 报告文学
criticism / 5kritisizEm/ 评论
anthology / An5WRlEdVi/ 选集
edition / i5diFEn/ 版
work / wE:k/ 作品
masterpiece / 5ma:stEpi:s/ 杰作
right / 5kRpirait/ 版权, 著作权
humanities / / 人文学科
writer / 5raitE/ 作家
volume / 5vRljum/ 卷
theatre / 5WiEtE/ 戏剧
drama / 5dra:mE/ 话剧
comedy / 5kRmidi/ 喜剧
tragedy / 5trAdVidi/ 悲剧
farce / fa:s/ 滑稽剧
play / plei/ 剧本
playwright / 5pleirait/ 编剧
performance / pE5fR:mEns/ 演出
act / Akt/ 幕
scene / si:n/ 场
plot / plRt/ 情节
intrigue / in5tri:g/ 错综复杂的剧情
story / 5stR:ri/ 故事
episode / 5episEud/ 逸事
denouement / / 结局
poetry / 5pEuitri/ 诗歌
poet / pEuit/ 诗人
poem / 5pEuim/ 诗
ode / oud/ 颂歌
sonnet / 5sRnit/ 十四行诗
verse / vE:s/ (诗)节
line / lain/ (诗)行
rhyme / raim/ 韵脚,押韵
metrics / 5mEtriks/ 韵律学,格律学
prose / prEuz/ 散文
novel / 5nRvEl/ 小说
biography / 5RgrEfi/ 自传
allegory / 5AligEri/ 寓言
science fiction / 5fikFEn/ 科幻,科学幻想小说
satire / 5sAtaiE/ 讽刺诗
essay / 5esei/ 杂文
composition / kRmpE5ziFEn/ 学术著作
rhetoric / 5retErik/ 修辞学
oratory / 5RrEtEri/ 讲演术
declamation / deklE5meiFEn/ 朗诵技巧
improvisation / imprEvai5zeiFEn/ 即席讲演
criticism / 5kritisizEm/ 批判主义
critic / 5kritik/ 批评家
eloquence / 5elEkwEns/ 文才
lyricism / 5lirisizm/ 抒情性

绘画雕塑

gallery / 5gAlEri/ 画廊,美术馆
salon / 5sAlR:N/ 沙龙
exhibition / eksi5biFEn/ 展览
collection / kE5lekFEn/ 收藏
inspiration / inspE5reiFEn/ 灵感,启发
artist / 5a:tist/ 大师, 艺术家
pigment / 5pigmEnt/ 颜料
painter / 5peintE/ 画家
oil painting / / 油画
watercolor / / 水彩画
wash / wRF/ 水墨画
engraving / in5greiviN/ 版画
tracing / 5treisiN/ 临摹
sketch / sketF/ 草稿
portrait / 5pR:trit/ 画像
model / 5mRdl/ 模特
caricature / kArikE5tjuE/ 漫画
nude / nju:d/ 裸体画
profile / 5prEufail/ 轮廓
landscape / 5lAndskeip/ 风景画
seascape / 5si:skeip/ 海景画
frame / freim/ 画框
chassis / 5FAsi/ 画布绷架
canvas / 5kAnvEs/ 画布
studio / 5stju:diEu/ 画室
pinacotheca / 5pinEkou5Wi:kE/ 画廊,美术馆
sculptor / 5skQlptE/ 雕塑学
carving / 5ka:viN/ 雕刻
statue / 5stAtju:/ 人像
figure / 5figE/ 塑像
bronze / brRnz/ 铜像

音乐

alto / 5Altou/ 女低音
anthem / 5AnWEm/ 圣歌,赞美诗
baritone / 5bArEtoun/ 男中音
bass / beis/ 男低音,贝司
bassoon / bA5sun/ 低音管
brass / bra:s/ 铜管乐器
classical music / / 古典音乐
conctor / kEn5dQktE/ 指挥
flute / flu:t/ 长笛
harmonica / hB:5mRnikE/ 口琴
jazz / dVAz/ 爵士乐
opera / 5RpErE/ 歌剧
orchestra / 5R:kistrE/ 管弦乐队
rhapsody / 5rApsEdi/ 狂想曲
solo / 5sEulEu/ 独奏,独唱
soloist / 5soulouist/ 独唱者
soprano / sE5prAnou/ 女高音
symphony / 5simfEni/ 交响乐
tenor / 5tenE/ 男高音
pop / pRp/ 流行歌曲
rock / rRk/ 摇滚乐

服饰

clothes / klEuTz/ 衣服,服装
clothing / 5klEuTiN/ 服装
suit / sju:t/ 男西装
dress / dres/ 女服
uniform / 5ju:nifR:m/ 制服
coat / kEut/ 外套
jacket / 5dVAkit/ 夹克
pocket / 5pRkit/ 衣袋
sleeve / sli:v/ 袖子
shirt / FE:t/ 衬衫
sweater / 5swetE/ 毛衣，运动衫
trousers / 5trauzEz/ 裤子
belt / belt/ 腰带
skirt / skE:t/ 裙子
slip / slip/ 衬裙
handkerchief / 5hANkEtFif/ 手帕
shoe / Fu:/ 鞋
sole / sEul/ 鞋底
heel / hi:l/ 鞋后跟
boot / bu:t/ 靴子
glove / glQv/ 手套
tie / tai/ 领带
cap / kAp/ 无沿帽
hat / hAt/ 大沿帽
cotton / 5kRtn/ 棉花
canvas / 5kAnvEs/ 帆布
silk / silk/ 丝
wool / wul/ 羊毛，毛料
nylon / 5nailEn/ 尼龙
stripe / straip/ 条纹
veil / veil/ 面纱
ring / riN/ 戒指
necklace / 5neklis/ 项链
perfume / 5pE:fju:m, pE:5fju:m/ 香水
purse / pE:s/ 手提包
garment / 5ga:mEnt/ 外衣
cloak / klEuk/ 斗篷
muffler / 5mQflE/ 围巾
jeans / dVeinz/ 牛仔裤
bra / brB:/ 乳罩
stocking / 5stRkiN/ 长袜
belt / belt/ 腰带
sock / sRk/ 短袜
bikini / bi5ki:ni/ 比基尼泳衣
apron / 5eiprEn/ 围裙
slipper / 5slipE/ 拖鞋
beret / be5re/ 贝蕾帽
linen / 5linin/ 麻
pendant / 5pendEnt/ 项饰
earring / 5iEriN/ 耳环
lipstick / 5lipstik/ 口红
wig / wig/ 假发
tissue / 5tisju:/ 面纸
brooch / brEutF/ 胸针
shawl / FR:l/ 披肩
raincoat / 5reinkEut/ 雨衣
button / 5bQtn/ 扣子
collar / 5kRlE/ 领子
wallet / 5wRlit/ 钱包
blouse / blauz/ 女外套,女衬衫

职业

actor / 5AktE/ 男演员
actress / 5Aktris/ 女演员
singer / 5siNE/ 歌手
dancer / 5da:nsE/ 舞蹈家
musician / mju:5ziFEn/ 音乐家
pianist / 5pjAnist/ 钢琴家
painter / 5peintE/ 画家,油漆匠
teacher / 5ti:tFE/ 教师
professor / prE5fesE/ 教授
headmaster / 5hed5ma:stE/ 中小学校长
headmistress / 5hed5mistris/ 中小学女校长
headteacher / 5hedti:tFE/ 校长
director / di5rektE/ 导演
editor / 5editE/ 编者
writer / 5raitE/ 作家
reporter / ri5pR:tE/ 记者
announcer / E5naunsE/ 广播员
journalist / 5dVE:nElist/ 杂志记者
worker / 5wE:kE/ 工人
farmer / 5fa:mE/ 农夫
fisherman / 5fiFEmEn/ 渔夫
chemist / 5kemist/ 化学家,药剂师
engineer / endVi5niE/ 工程师
explorer / iks5plR:rE/ 探险家
researcher / ri5sE:tFE/ 研究员
doctor / 5dRktE/ 医生,博士
nurse / nE:s/ 护士
surgeon / 5sE:dVEn/ 外科医生
sailor / 5seilE/ 水手
seaman / 5si:mEn/ 船员
pilot / 5pailEt/ 飞行员,领航员
astronaut / 5AstFEunR:t/ 宇航员
driver / 5draivE/ 驾驶员
athlete / 5AWli:t/ 运动员
policeman / pE5li:smEn/ 警察
detective / di5tektiv/ 侦探
judge / dVQdV/ 法官
lawyer / 5lR:jE/ 律师
attorney / E5tE:ni/ 律师
cook / kuk/ 厨子,厨师
baker / 5beikE/ 面包师
waiter / 5weitE/ 侍者
waitress / 5weitris/ 女服务生
butcher / 5butFE/ 屠夫
clerk / kla:k, klE:k/ 办事员
typist / 5taipist/ 打字员
secretary / 5sekrEtri/ 秘书
salesman / 5seilzmEn/ 售货员,推销员
shopkeeper / 5FRpki:pE/ 零售商,店主
bookseller / 5bukselE/ 书商
tailor / 5teilE/ 裁缝
soldier / 5sEuldVE/ 军人
postman / 5pEustmEn/ 邮差
mailman / 5meilmAn/ 邮差
firefighter / / 消防人员
conctor / kEn5dQktE/ 乘务员
librarian / lai5brZEriEn/ 图书管理员
baby-sitter / / 保姆
apprentice / E5prentis/ 学徒工
artisan / a:ti5zAn/ 工匠
craftsman / 5kra:ftsmEn/ 工匠
specialist / speFElist/ 专家
employer / im5plRiE/ 雇主,老板
receptionist / ri5sepFEnist/ 接待员
operator / 5RpEreitE/ 电话接线员
interpreter / in5tE:pritE/ 翻译
photographer / fE5tRgrEfE/ 摄影师
playwright / 5pleirait/ 剧作家
linguist / liN5gwist/ 语言学家
botanist / 5bRtEnist/ 植物学家
economist / i:5kRnEmist/ 经济学家
chemist / 5kemist/ 化学家
scientist / 5saiEntist/ 科学家
philosopher / fi5lRsEfE/ 哲学家
politician / pRli5tiFEn/ 政治学家
physicist / 5fizisist/ 物

2.

Fun step is not MLM

you need to pay for joining, which is commonly known as "threshold fee" and "capitation fee". Then what you earn is the money paid by junior newcomers, which is the MLM

for example, you need to pay 1000 yuan to join and get the promotion qualification. When you develop a new person, if he has to pay 1000 yuan, you can get 400 yuan. When your subordinates develop, you can get 200 yuan. when your subordinates come in , you can get 100 yuan. This mode, if there is no entity support, is MLM

interesting step the real name authentication uses Ma Yun's aliyunn system , which protects the aliyunn system of the entire Ma Yun Empire, which is worth believing. Now which regular app does not need real name authentication? It takes real name to send an express. Your ID number is what the express company has. It's not a secret. p>

3. 1. Circuit switching technology
typical representatives of circuit switching technology: public telephone network (PSTN) and mobile network (including GSM network and CDMA network)
basic features: the connection oriented mode is adopted. Before the communication between the two sides, a communication circuit with fixed bandwidth needs to be allocated, and the two sides will always occupy the allocated resources in the communication process, Until the end of communication, and the establishment and release of the circuit need to use the relevant signaling protocol
advantages:
① because the communication line is dedicated to users of both sides of the communication and the data is direct, the delay of data transmission is very small
② once the physical path between the two sides is established, the two sides can communicate at any time with strong real-time performance
③ when the two sides communicate, they transmit data in the order of sending, and there is no out of order problem< (4) circuit switching is suitable for transmitting both analog and digital signals< (5) the switching equipment (switch, etc.) and control of circuit switching are relatively simple< Disadvantages:
① the average connection establishment time of circuit switching is too long for computer communication
② after the circuit switching connection is established, the physical path is monopolized by both sides of the communication. Even if the communication line is idle, it can not be used by other users, so the channel utilization is low
③ in circuit switching, data is direct, and it is difficult for terminals of different types, specifications and rates to communicate with each other, and it is also difficult to control errors in the communication process
2. Packet switching technology
similar to packet switching technology, packet switching technology also adopts store and forward mechanism, but packet switching takes packet as transmission unit. Due to the great difference of packet length, long packet may cause great delay, and it is difficult to allocate buffer for each node, In order to meet the needs of various length packets and achieve the purpose of high efficiency, nodes need to allocate different sizes of buffers, otherwise data transmission may fail. In practical application, message exchange is mainly used to transmit short messages and lower real-time requirements of communication services, such as public telegraph network. Packet switching appeared earlier than packet switching. Packet switching is based on packet switching, which divides packets into groups for transmission. It balances transmission delay and transmission efficiency, so it is widely used
advantages:
① message exchange does not need to establish a special communication line in advance for both sides of communication, there is no connection establishment delay, and users can send messages at any time< It has the following advantages: A. It is easy to set up code checking and data retransmission facilities in message exchange, and the exchange node also has path selection, so that when a transmission path fails, another path can be selected to transmit data, which improves the reliability of transmission; b. It is easy to implement code conversion and rate matching in store and forward, even the sender and receiver can not be available at the same time. In this way, it is convenient for computers of different types, specifications and speeds to communicate with each other; c. To provide multi-target service, that is, a message can be sent to multiple destination addresses at the same time, which is difficult to achieve in circuit switching; d. It is allowed to establish the priority of data transmission, so that the message with higher priority can be converted first
③ the two sides of communication do not occupy a fixed communication line, but partially occupy the physical path at different times, thus greatly improving the utilization rate of the communication line< Disadvantages:
① e to the process of data storage and forwarding after entering the switching node, the forwarding delay (including receiving message, checking correctness, queuing, sending time, etc.) will be caused. Moreover, the larger the network traffic is, the greater the delay will be. Because the real-time performance of this message exchange is poor, it is not suitable for transmitting real-time or interactive business data< (2) message exchange is only applicable to digital signals
③ because there is no limit on the length of the message, and each intermediate node needs to receive the whole message completely, when the output line is not idle, it may also need to store several complete messages waiting for forwarding, which requires each node in the network to have a large buffer. In order to rece the cost and the capacity of the node's buffer memory, sometimes the packets waiting to be forwarded are stored on the disk, which further increases the transmission delay
3. Packet switching technology

circuit switching technology is mainly suitable for the transmission of voice related services, which has great limitations for data services. First of all, data communication has a strong burst, and the peak bit rate and average bit rate are quite different. If circuit switching technology is used, if the circuit bandwidth is allocated according to the peak bit rate, it will cause a great waste of resources. If the bandwidth is allocated according to the average bit rate, it will cause a lot of data loss. Secondly, compared with voice service, data service has no strict requirement on time delay, but it needs error free transmission. Voice signal can have a certain degree of distortion, but the real-time performance must be high. Packet switching technology is a kind of switching mode based on the characteristics of data communication service. Its basic feature is to use store and forward mode for connectionless. The data to be transmitted is divided into many small pieces of data according to a certain length, and the corresponding header fields for data routing and verification are added before the data, As the basic unit of data transmission, packet. Using packet switching technology, there is no need to establish a connection before communication. Each node first receives the packet sent by the previous node and saves it in the buffer, and then selects the appropriate link according to the address information in the packet header to send it to the next node, so that in the communication process, the bandwidth can be dynamically allocated according to the user's requirements and the ability of the network. The circuit utilization of packet switching is higher than that of circuit switching, but the delay is larger< Advantages:

① accelerate the data transmission in the network. Because the packets are transmitted one by one, the storage operation of the next packet can be paralleled with the forwarding operation of the previous packet. This pipeline transmission mode reces the transmission time of the message. In addition, the buffer needed to transmit a packet is much smaller than that needed to transmit a message, so the probability and time of waiting for transmission e to insufficient buffer are much less
2. Simplify storage management. Because the length of packet is fixed and the size of corresponding buffer is also fixed, the management of memory in switching node is usually simplified to the management of buffer, which is relatively easy
③ rece the error probability and the amount of retransmitted data. Because the packet is short, the error probability will be reced, and the amount of data retransmitted will be greatly reced, which not only improves the reliability, but also reces the transmission delay< Because of the short packet size, it is more suitable to adopt priority strategy, which is convenient for timely transmission of some emergency data. Therefore, for the burst data communication between computers, packet switching is obviously more suitable< Disadvantages:
① although packet switching has less transmission delay than packet switching, it still has store and forward delay, and its node switch must have stronger processing capacity
② packet switching is the same as message switching, in which the source address, destination address, packet number and other information are added to each packet, so that the amount of information transmitted increases by about 5% - 10%, which reces the communication efficiency, increases the processing time, makes the control complex and increases the delay to a certain extent
③ when packet switching adopts datagram service, there may be out of order, lost or repeated packets. When the packets arrive at the destination node, it is necessary to sort the packets by number, which increases the trouble. If the virtual circuit service is used, there is no out of order problem, but there are three processes: call establishment, data transmission and virtual circuit release.

4. When eating, South Korea pays attention to politeness. When eating, they should learn how to sit in Korean dramas on TV. (it's very important.) then, generally, grandparents older than themselves must wait until they come out. They can eat only when they move their chopsticks. It's considered impolite to talk too much ring the meal. In addition, they can put down their chopsticks when they put them down, From the perspective of etiquette, Korean people don't like physical touch except shaking hands.
it's also a very important etiquette to bow your head when thanking. The degree of bow depends on the age of the other party and the relationship between the superior and the subordinate.
Korean prices are very high, which is a bit scary. If you eat out, the cheapest part of barbecue is 3000 to 5000 won, Beef and seafood are very expensive in South Korea, any point on the 23000 won, apple about 1000 won 2, grapes a Jin about 2000 won, it is best to take more money to
listening to others say that Korean's English is not very good... I don't know.
let me teach you some simple Korean. Sorry, can you say it again? Joe song HAP Ni Da, Da Si Han beom mal seum hae Ju SIL rea yo
I can't speak Korean, and jeo Neum Han Guk EO Reul Hal Jul mol RA yo
I can't speak Korean? Dang sin Eun Yeong EO ro I Ya GI Hal Su ISS Na yo

5. 1. Hot money, also known as refugee capital or speculative short-term capital. It usually refers to the short-term capital that flows rapidly for the purpose of profiting from speculation, and it is easy to ince financial market turbulence between in and out, which is characterized by strong speculation, fast liquidity and strong concealment. Its investment objects are mainly foreign exchange, stock and derivatives market, etc
hot money is an important source of global financial market turbulence and even financial crisis. Historically, one of the main reasons for the Mexican financial crisis in 1994 and the Asian financial crisis in 1997 is the impact of hot money. At that time, because Mexico and Southeast Asian countries relaxed their vigilance against international hot money and allowed capital to enter and leave freely, a large number of international hot money flowed into China. In addition, a large number of bad loans and bad debts of domestic banks are derived, exports are low, foreign debts are large, and interest rate differentials between domestic and foreign currencies are large. All these factors make hot money stir up trouble, and speculative arbitrage is successful. As a result, these countries are in a serious financial crisis, and their economies are suffering heavy losses< 2. Calculation of hot money
at present, there are many kinds of calculation methods in the academic circles, but there is no unified opinion. There are two common methods:
the first method is to directly calculate the data of "errors and Omissions" in the balance of payments prepared by safe as hot money
however, when the safe compiles the balance of payments statement, sometimes it is uneven e to various reasons such as statistical caliber. In order to balance the balance of payments statement, it specially sets up the item of "errors and Omissions" and puts all the uneven data here, but this figure does not mean that it is hot money
the second method: the increase of foreign exchange reserves minus the trade surplus minus the net inflow of foreign direct investment. That is hot money scale = foreign exchange reserve increment trade surplus foreign direct investment. The principle is that the increment of China's foreign exchange reserves generally comes from trade surplus, foreign direct investment and hot money< For this method, there are differences between the FDI figures published by the Ministry of Commerce and those in the balance of payments of safe, and the data thus obtained are questionable
in addition to the above foreign exchange inflow, another important aspect is the investment income of China's existing foreign exchange reserves. Assuming that China has 1 trillion US dollars of foreign exchange reserves and the rate of return is calculated at 5%, there will be at least 50 billion US dollars of income every year, which is not a small amount< There are more than ten ways of hot money inflow. There are mainly:
(1) false trade
in this channel, domestic enterprises and foreign investors can join hands to introce foreign funds through false high quotation, payment in advance, forged supply contracts, etc
(2) false investment
China has become one of the preferred destinations for foreign direct investment e to the rapid economic growth and preferential policies for investment. In addition, e to the continuous appreciation of RMB in recent years, foreign direct investment has become one of the ways of hot money inflow. Some foreign investment funds are only for the purpose of capital inflow, and they are not put into the proction field. After the settlement of foreign exchange, they flow into China's real estate market or into affiliated enterprises, or even directly into RMB fixed deposit
(3) entering China through Hong Kong financial market
although China's capital account has not been freely convertible, because Hong Kong's capital market maintains a close relationship with the mainland, Hong Kong dollar and RMB are in fact freely convertible. Therefore, international hot money has invested huge amounts of money in Hong Kong market, thus entering the mainland market< (4) underground banks
as an illegal way to transfer funds, there are a lot of underground banks in China, especially in coastal areas. The underground bank is the quickest way for foreign capital to enter and leave
many underground banks operate like this: if you transfer money to a designated local account in Hong Kong or some place outside the territory, after it is confirmed, the underground banks in the mainland will naturally open an account for you and convert your foreign currency into RMB. There is no need for foreign currency. In recent years, the number of hot money entering China through underground banks is quite amazing
(5) family support
remittances from overseas Chinese to their domestic relatives are called family support payments, which have increased significantly in recent years. The money really used for "supporting the family" here is doubtful, and quite a lot of hot money comes through this channel to speculate in stocks and buy houses
(6) container trucks carry cash
this practice is mainly concentrated in the processing enterprises in the Pearl River Delta region. Enterprises in the name of staff wages, through the container truck carrying Hong Kong dollars into and out of Guangdong and Hong Kong
4. Underground banks and hot money
at present, the scale of hot money flowing into China through underground banks is huge. In terms of time efficiency, underground banks are the quickest way for hot money to flow into China. In terms of specific operation, hot money from abroad only needs to hand over foreign currency to underground banks, and underground banks will deposit corresponding amount of RMB in the account designated by the client. In this way, hot money from abroad can easily enter China, and in fact, there is no need for foreign currency to enter
according to the regulations, the annual amount of purchasing foreign exchange for indivials is US $50000. However, e to the large amount of cross-border capital flow and speculative needs, it is impossible for these funds to flow through formal channels. Therefore, the money exchange business provided by underground banks is particularly common and serious in the developed coastal areas
not long ago, CCTV's "economic half hour" reporter went to Guangdong to investigate underground banks. The reporter came to a small town in Haifeng County in eastern Guangdong Province and found that many people are secretly engaged in illegal transactions here. Walking along Haifeng old street, there are always some people in front of some stalls who stay at a relatively fixed place every day. As soon as passers-by get close to them, they gather to solicit money exchange business. These seemingly unimportant fruit stalls and department stores are actually the exchange windows of underground banks. Behind them is the undercurrent of hundreds of millions of yuan
according to the monitoring of the research group on overseas hot money of Guangdong Academy of Social Sciences, the inflow of hot money has accelerated significantly since July this year, and the funds of many Hong Kong and Macao investment institutions and the savings of resident enterprises have entered the mainland stock market through underground banks. Although these underground banks look humble, their energy is not small. The flow of foreign capital into the mainland through Hong Kong is not only low-cost, but also convenient, fast and very covert< Hot money, real estate market and stock market
hot money flowing into China is mainly e to the continuous appreciation of RMB on the one hand, and the rapid development of China's economy on the other hand. In the past two years, China's real estate instry has developed rapidly, and the price of real estate across the country has soared; The development of the stock market is graally mature, and the index is rising. Therefore, a large part of the hot money flowing into China has been invested in the property market and the stock market. Their arrival is bound to help fuel bubbles in the property market and stock market. The higher the degree of bubbles, the more money they can earn. If you can't make money, there is no reason for those hot money to come to China! Hot money is to find and create opportunities to make money on a global scale. When the bubble reaches a high level, they will choose to throw their property and stock in their hands and turn the hot money out of China again. If the funds withdrawn from the real estate market and the stock market are large enough, it will inevitably cause the prices of the real estate market and the stock market to fall.
I write it for reference only