SFA digital currency

1. Ideally:
1. Securities trading does not need transaction intermediary, and it is highly efficient to directly go from indivial to indivial, or from institution to institution, or from institution to indivial

2. There is no handling charge

3. There is no need for intermediate reconciliation, trusteeship, etc. operation management is likely to end because of this.

2. The basic idea of payment only management is to ensure the security and efficiency of electronic account.

3. 1、 What is e-commerce?
Professional definition: take electronic and electronic technology as the means, take commerce as the core, move the original traditional sales and shopping channels to the Internet, break the visible and invisible barriers of countries and regions, and make the proction enterprises achieve globalization, networking, invisibility, personalization and integration
in short, it is to use the form of network communication to achieve all kinds of business and trade activities between the buyer and the seller without meeting each other

2. What is an online mall
an online mall is similar to a store in the real world. The simple understanding is to open a store on the Internet. The procts are displayed in the form of pictures, which can be settled by online payment and delivered by express<

3. What is online payment
refers to the transaction of fund transfer and remittance by online third-party platform when both parties settle the payment for goods. For example, the online banking function of the bank card is that the customer directly determines the opposite party's account number in the online banking, confirms the payment password, and directly transfers the money to the opposite party's account number to realize online transfer payment. For example, the three party guarantee payment platform such as Alipay, Cai Fu Tong and so on, the customer first buys the proct, then determines the payment, then transfers the money to Alipay website for preservation. After receiving the merchant's goods, it confirms from Alipay, Alipay will pay the merchant to complete the payment. There are many kinds of online payment. Customers and businesses can use credit card, e-wallet, e-check, e-cash and other electronic payment methods to make online payment. This form can save time and rece handling charges

4. What is B2B?
B2B is the abbreviation of business to business in English. It is the e-commerce mode of business to business, that is, the exchange of procts, services and information between enterprises through the Internet. These processes include: issuing supply and demand information, ordering and confirming orders, payment process and issuing, transmitting and receiving bills, determining distribution plan and monitoring distribution process, etc
the well-known B2B websites in China include Alibaba, Huicong, Wangsheng Shangbao, global resources, made in China, CNKI, Dunhuang, etc; Vertical category: China chemical network, etc

5. What is B2C
B2C is the abbreviation of business to consumer (business to customer), which is commonly known as commercial retail, selling procts and services directly to consumers. This form of e-commerce is generally based on online retail instry, mainly relying on the Internet to carry out online sales activities. B2C mode is the earliest e-commerce mode in China, marked by the formal operation of 8848 online mall
the well-known B2C websites in China include Jingdong Mall, dangdang.com, excellence amazon.com, eason.com, No.1 store, etc; Vertical category: Xindan, haolemai, VANCL, cool sports, left bank women, etc

6. What is C2C?
C2C is the abbreviation of consumer to consumer. C2C, like B2B and B2C, is one of the models of e-commerce. The difference is that C2C is an indivial to indivial e-commerce mode. C2C business platform provides an online trading platform for both buyers and sellers, so that the seller can actively provide goods for online auction, while the buyer can choose goods for bidding
at present, the well-known C2C websites in China are taobao.com, ebay.com, paipaipai.com and lekutian.com

7. What is B2G?
B2G mode is the operation mode of transaction activities between enterprises and the government through the network, such as electronic customs clearance, electronic tax declaration, etc. For example, a website providing B2G services can provide a single local business to locate applications and tax formats for one or more levels of government (city, state or province, country, etc.); Provide the ability to send, fill in and pay for the completed forms; Update enterprise information; Asking for answers to specific questions, etc. B2G may also include e-procurement services, through which businesses can understand the agency's purchase needs and request the agency's response to the proposal. B2G is sometimes called e-government

8. What is Groupon mode
can be simply summarized as a multi win (consumers, businesses) e-commerce and offline consumption mode. Consumers, businesses and website operators get what they need to maximize resource allocation. At present, the well-known Groupon model websites in China include meituan, lashou, f Tuan, glutinous rice, full house, etc< At first, the portal website provided search engine and directory services. Later, e to the increasingly fierce market competition, the portal website had to rapidly expand various new business types, hoping to attract and retain Internet users through a wide range of business, so that the current portal website business is all inclusive, Become the "department store" or "Internet supermarket" in the Internet world. From the current situation, the portal mainly provides news, search engine, network access, chat room, electronic bulletin board, free email, video information, e-commerce, online community, online games, free web space, and so on. In China, the typical portal websites are sina.com, netease.com and sohu.com

2. Website traffic
generally speaking, website traffic refers to the number of visits to a website, which is used to describe the number of users visiting a website and the number of pages that users browse. The commonly used statistical indicators include the number of independent users, the total number of users (including repeated visitors), the number of page views, the number of page views of each user, the number of page views of each user, the number of page views of each user The average stay time of users in the website, etc

3. Online advertising
online advertising is advertising on the Internet. It is a kind of high-tech advertising operation mode that uses the advertising banners, text links and multimedia methods on the website to publish or publish advertisements on the Internet and deliver them to Internet users through the network. Compared with the traditional four major media (newspapers, magazines, television, radio) advertising and the recently popular outdoor advertising, network advertising has unique advantages and is an important part of the implementation of modern marketing media strategy. Internet is a brand-new advertising media with the fastest speed and ideal effect. It is a good way for small and medium-sized enterprises to expand and expand, especially for companies that widely carry out international business< Conversion rates, also known as conversion rates. In the field of Internet, conversion rate refers to the ratio of the number of visits made by users to the total number of visits. It should be noted that the corresponding actions mentioned here can be user login, user registration, user subscription, user download, user purchase and other user behaviors. Therefore, website conversion rate is a broad concept. Take user login as an example. If there are 10 login websites in every 100 visits, the login conversion rate of this website is 10%. If there are two users subscribing, the subscription conversion rate is 2%. If there is one user placing an order, the purchase conversion rate is 1%. It should be noted that at present, many people only define website conversion rate as registration conversion rate or order conversion rate, which is a narrow concept of website conversion rate. Conversion rate = the number of visits / the total number of visits, which measures the attraction of website content to visitors and the publicity effect of the website

5. Bounce rate
bounce rate refers to the percentage of users who leave a group of pages or a page after browsing only one page. Bounce times refers to the number of times a visitor exits from the entry page without visiting any other page of your website. So the algorithm of the jump out rate is: the number of times you leave the website after browsing a page / the number of times you enter the website = the jump out rate<

6. Two jump rate
the concept of two jump rate is that when the website page is expanded, the user's first click on the page is called "two jump", and the number of two jumps is "two jump amount". The ratio of the amount of two hops to the number of views is called the rate of two hops of a page. This is an important indicator to measure the quality of external traffic

7. Visit page
the effective flow is that the visitors of network promotion visit more than 5 pages. Visiting more than 10 pages is high-quality traffic, and visiting less than 2 pages is garbage traffic

8. Stay time
more than 3 minutes is the effective flow; More than 6 minutes is high quality flow; Less than one minute is the garbage flow

9. Two jump rate data
to promote the home page, more than 70% of the two jump rate is high-quality traffic

10. Conversion rate data
promotion purchase conversion rate of more than 1% is high-quality traffic

11. PR value
the full name of PR value is PageRank, which is a method used by Google to evaluate the "importance" of a web page

12. Web1.0
Web1.0 era is an era of competing for the best network, which is the general name of the first generation of Internet applications. The main feature of Web1.0 is that users get information through browser

13. Web2.0
Web2.0 is a new kind of Internet applications relative to Web1.0. Web2.0 pays more attention to the interaction of users. Users are not only the browser of website content, but also the procer of website content. The so-called website content maker means that every user on the Internet is not only a reader of the Internet, but also an author of the Internet; Not only surfing on the Internet, but also making waves; In the mode, it develops from simple "reading" to "writing" and "joint construction"; From passively receiving Internet information to actively creating Internet information, so as to be more humanized< 3. Common marketing methods of e-commerce

1. Network media: portal website advertising, client software advertising< SEM: competitive ranking, alliance advertising
3. EDM e-mail marketing: internal e-mail group sending, third-party platform, database integrated marketing, etc
4. Community marketing: BBS promotes (posts and activities) SNS
5. CPS sales on a commission basis: sales share (joint distribution, achievement net, chuangmeng)
6. SEO: search engine optimization
7. Points marketing: points exchange, points discount, points purchase, etc
8. DM Directory: traditional single directory, such as macallin, red child, Fanke, PPG
9. Offline activities: exhibitions, experience stores, etc
10. Traditional media: TV, radio, newspapers and magazines
11. Sns social media: everyone, happy, etc
12. Microblog: short for microblog, such as Sina, Tencent, QQ microblog< Taobao Wangpu is a value-added service and function developed by Taobao, which is a more personalized and luxurious store interface. Make the customer shopping experience better, more likely to have the desire to buy. It realizes a more open shop decoration mode, supports visual editing and WYSIWYG operation mode, can freely add moles, cooperate with various new functions, and customize its own personalized shop, bringing a refreshing shopping experience for buyers. Make the shop more professional and personalized

4. 只看客户数量可比性不大，要看客户规模
就像德国人口连中国1/10都不到，但经济规模和中国大体相当

德勤总收入四大中第二，四大2008年全球业务总收入

1.普华永道 282亿美元
2.德勤 274亿美元
3.安永 245亿美元
4.毕马威 227亿美元

德勤的话，虽然有很多诸如微软、宝洁、通用等巨型客户，但德勤全球发展战略可能是比较偏向发展中的企业，客户数量，如果你关心的话应该算多的毕马威虽然收入最少，客户相对少，但大客户比重多些，所以收入差距不大一个单子有10W的，也有上亿的，所以客户数量不那么重要

德勤的主要国际客户，我翻译了一些常见的：

波音、世界银行、宝洁、摩根士丹利、微软、美林、苏格兰皇家银行、陶氏化学、美国电力、VISA、联邦快递、万事达、通用汽车、现代、米塔尔钢铁、大都会人寿、欧莱雅、美高美、星巴克、强生、戴尔、美国联航、沃达丰、国际货币基金组织

英文版更多的：
•Aerospace: Alliant Techsystems, BAE Systems, Boeing, Northrop Grumman, Lockheed Martin, Raytheon
•Auction: Sotheby's
•Banks: Arab Bank, KB, The World Bank, Rosbank, Royal Bank of Canada, Washington Mutual, Royal Bank of Scotland, BNP Paribas, National Bank of Canada, National Bank of Greece, Grupo Santander
•Chemicals: Dow Chemical Company, Huntsman Corporation, Solutia
•Conglomerate: Tyco International
•Energy and Electricity: American Electric Power, Keyspan Energy, Southern Company, Xcel Energy,Dominion Resources, AES Corporation, Southern California Edison
•Financial Services: American Express, Blackstone, VISA, Charles Schwab Corp., E*TRADE Group Inc., Fannie Mae, Fidelity Investments, Lloyds TSB, MasterCard, Morgan Stanley, Sky Financial Group Inc., MoneyGram, Radian Group, MICEX, Berkshire Hathaway, Countrywide Financial, Cantor Fitzgerald L.P.
•Government: 2012 Summer Olympics
•Healthcare: Abbott Laboratories, HealthPartners, McKesson Corporation, UnitedHealth Group, Wellcare Healthplans Inc., Health Net, Inc., Servicio Occidental de Salud, Mutual of Omaha
•Instrial Good & Procts: Blackstone Group, Deere & Company, Dura Automotive Systems, Fiat Group General Motors, Hyundai Motors, Nissan, Tata Group, Vulcan Materials Company, UPS
•Instrial Metals: Mittal Steel, MMK (Russia), Norilsk Nickel, Gerdau
•Insurance: Allstate, Berkshire Hathaway, Metlife, Norwich Union
•Manufacturing: PPG
•Media: Bloomberg L.P., Middle East Broadcasting Center, Comcast
•Religion: The Church of Jesus Christ of Latter Day Saints
•Retail & Consumer Procts:P&G, Ahold, Best Buy, Gap, Heinz, Hyatt, Levi Strauss & Co., Liz Claiborne Inc., L'Oréal, MGM Mirage, Nordstrom, , Safeway Inc., Starbucks, Walgreens, Pep Boys
•Pharmaceuticals & Biotechnology: Bristol-Myers Squibb, Monsanto, Rite Aid Corporation, Schering-Plough, Hikma, Johnson & Johnson
•Public Sector: State of Texas, Commonwealth of PA, State of California, State of Florida, United States Department of Defense, United States Department of Justice, United States Department of Homeland Security, United States Intelligence Community, European Institutions
•Publishing: Cox Enterprises
•Sports: Major League Baseball, Comcast-Spectacor, Carolina Panthers, Carolina Hurricanes, Pittsburgh Penguins
•Technology: Dell Inc., Gateway, Inc., Microsoft, Motorola, Pentair, Intel, Telvent
•Telecommunications: AT&T Mobility, BT, Comcast, MTS, Sprint Nextel Corporation, Umniah, Verizon Wireless, Vodafone, WPP
•Transportation: Port Authority of New York and New Jersey
•Travel: ATA Airlines, Avianca, Continental Airlines, Midwest Airlines, Northwest Airlines, US Airways, United Airlines/UAL Corporation

其他500强对应的审计公司，你自己收一下 500强 四大审计 就可以看到为每家企业服务的事务所字数有限，贴个前200的

Rank Company Revenues Independent Auditors
<$ million>

1 Wal-Mart Stores 351,139.00 Ernst Young
2 Exxon Mobil 347,254.00 PricewaterhouseCoopers
3 Royal Dutch Shell 318,845.00 PricewaterhouseCoopers
4 BP 274,316.00 Ernst Young
5 General Motors 207,349.00 Deloitte Touche Tohmatsu
6 Toyota Motor 204,746.40 PricewaterhouseCoopers
7 Chevron 200,567.00 PricewaterhouseCoopers
8 DaimlerChrysler 190,191.40 KPMG
9 ConocoPhillips 172,451.00 Ernst Young
10 Total 168,356.70 KPMG
11 General Electric 168,307.00 KPMG
12 Ford Motor 160,126.00 PricewaterhouseCoopers
13 ING Group 158,274.30 KPMG
14 Citigroup 146,777.00 KPMG
15 AXA 139,738.10 Mitchell Titus
16 Volkswagen 132,323.10 KPMG
17 Sinopec 131,636.00 KPMG
18 Crédit Agricole 128,481.30 PricewaterhouseCoopers
19 Allianz 125,346.00 KPMG
20 Fortis 121,201.80 Ernst Young
21 Bank of America Corp. 117,017.00 Morris, Davis Chan
22 HSBC Holdings 115,361.00 KPMG
23 American International Group 113,194.00 PricewaterhouseCoopers
24 China National Petroleum 110,520.20 PricewaterhouseCoopers
25 BNP Paribas 109,213.60 PricewaterhouseCoopers
26 ENI 109,014.20 PricewaterhouseCoopers
27 UBS 107,834.80 Ernst Young
28 Siemens 107,341.70 KPMG
29 State Grid 107,185.50 中瑞华恒信
30 Assicurazioni Generali 101,810.70 PricewaterhouseCoopers
31 J.P. Morgan Chase Co. 99,973.00 PricewaterhouseCoopers
32 Carrefour 99,014.70 KPMG
33 Berkshire Hathaway 98,539.00 Deloitte Touche Tohmatsu
34 Pemex 97,469.30 Deloitte Touche Tohmatsu
35 Deutsche Bank 96,151.50 KPMG
36 Dexia Group 95,846.60 KPMG
37 Honda Motor 94,790.50 KPMG
38 McKesson 93,574.00 Deloitte Touche Tohmatsu
39 Verizon Communications 93,221.00 Mitchell Titus
40 Nippon Telegraph Telephone 91,998.30 PricewaterhouseCoopers
41 Hewlett-Packard 91,658.00 Ernst Young
42 International Business Machines 91,424.00 PricewaterhouseCoopers
43 Valero Energy 91,051.00 KPMG
44 Home Depot 90,837.00 KPMG
45 Nissan Motor 89,502.10 Ernst Young
46 Samsung Electronics 89,476.20 PricewaterhouseCoopers
47 Credit Suisse 89,354.40 KPMG
48 Hitachi 87,615.40 Ernst Young
49 Société Générale 84,485.70 Ernst Young
50 Aviva 83,487.00 PricewaterhouseCoopers
51 Cardinal Health 81,895.10 Ernst Young
52 Gazprom 81,115.00 PricewaterhouseCoopers
53 E.ON 80,994.00 PricewaterhouseCoopers
54 Royal Bank of Scotland 80,983.00 Deloitte Touche Tohmatsu
55 Tesco 79,978.80 PricewaterhouseCoopers
56 Nestlé 79,872.10 KPMG
57 Deutsche Post 79,502.20 PricewaterhouseCoopers
58 HBOS 79,238.80 KPMG
59 Matsushita Electric Instrial 77,871.10 KPMG
60 Deutsche Telekom 76,969.10 Ernst Young
61 Morgan Stanley 76,688.00 Deloitte Touche Tohmatsu
62 Metro 75,131.00 FP
63 ?lectricité de France 73,939.10 Ernst Young
64 U.S. Postal Service 72,650.00 Deloitte Touche Tohmatsu
65 Petrobras 72,347.00 KPMG
66 UnitedHealth Group 71,542.00 Deloitte Touche Tohmatsu
67 ABN AMRO Holding 71,217.80 Ernst Young
68 Peugeot 71,005.70 PricewaterhouseCoopers
69 Sony 70,924.80 PricewaterhouseCoopers
70 Merrill Lynch 70,591.00 Deloitte Touche Tohmatsu
71 Altria Group 70,324.00 PricewaterhouseCoopers
72 Goldman Sachs Group 69,353.00 PricewaterhouseCoopers
73 LG 68,754.10 PricewaterhouseCoopers
74 Procter Gamble 68,222.00 Deloitte Touche Tohmatsu
75 Santander Central Hispano Group 68,050.60 Deloitte Touche Tohmatsu
76 Hyundai Motor 66,666.00 Deloitte Touche Tohmatsu
77 Telefónica 66,372.30 Ernst Young
78 Statoil 66,280.30 Ernst Young
79 Prudential 66,133.50 KPMG
80 Kroger 66,111.20 Clark, Schaefer, HackettCo
81 BASF

6. After 20 years of economic development, China's economic form is graally transforming from scarcity economy to surplus economy. However, this surplus is the surplus at the bottom level. The technical difference of procts is very small, and the homogenization phenomenon is very serious. The habitual marketing thinking of enterprises is still based on proct promotion, and the flag of "price war" has been raised again and again. As a result, consumers are graally numb, And began to doubt the quality of procts, while seriously weakening the enterprise's capital accumulation, scientific research and development and subsequent development capabilities. In the 21st century, for any enterprise, there are two most important aspects: one is the enterprise brand, and the other is customer satisfaction. However, customer satisfaction and loyalty can not be obtained through simple price cutting, or through temporary economic benefits such as discounts and points. It depends on the database and customer relationship management (CRM) system, From the interaction with customers to better understand customer needs to achieve

as an emerging marketing form in the 1990s, database marketing includes the concept of relationship marketing, which focuses on providing customers with all-round and continuous services, so as to establish a long-term and stable relationship with the market; At the same time, with the combination of modern information technology and network technology, the use of computer information management system (MIS) to fully build and use the customer database, and a strong and perfect database is the foundation of the future network marketing and e-commerce< br />CWp~=]  H} H? IU (# qCO = O) [this data is from the economic management and business administration of Guizhou learning net
http://www.gzu521.com ]CWp~=]  H} H? IU (# qCO = O

1; Customer resources & quot; It is the most important factor for enterprises to be successful and more competitive. The key of enterprise marketing is to win and retain customers, to meet the personalized needs of consumers, and to establish a stable two-way interactive relationship of mutual trust with customers. The traditional one-way passive marketing mode to adapt to consumers has fallen behind the changes of the times. This slow market follow-up can not enjoy high profits. In this fast changing society, it may be fatal to enterprises. All departments of modern enterprises will be highly integrated, work with customers as the center, and pursue customers' lifelong value<

Customer Relationship Management (CRM) is about to emerge
to realize customer loyalty and meet customers' changing needs at any time. Correspondingly, the focus of enterprise management is expanding from internal to external, from manufacturing to customer relationship management: ERP SCM CRM... Customer relationship management (
Customer Relationship
Management CRM). According to the news of China business daily on February 27, 2001, Shanghai Roche Pharmaceutical Co., Ltd. and Compaq have invested 4 million yuan to launch the real customer management system (CRM) of pharmaceutical instry in Greater China. Sibel company will provide software solutions. Shanghai Roche hopes to completely change the way of dealing with customers through the construction of CRM in three or four years

as a new generation of customer resource management system, CRM integrates the sales, marketing and service departments of an enterprise, effectively centralizes the customer information from various channels in a database. Each department of the company shares the same customer database. All kinds of contacts with this customer, no matter when he asked for the company profile or whether he had purchased procts, are recorded. Each department manager dealing with this customer can easily query these data, so that the customer can get the overall care. We can also find that the basis of CRM system is the overall function of a customer database with complete data and perfect functions in marketing< The practical application of database marketing is to collect and accumulate a large amount of information of consumers, predict how likely consumers are to buy a certain proct after processing, and use the information to accurately position the proct, and make targeted marketing information to persuade consumers to buy the proct. Through the establishment and analysis of the database, each department has a detailed and comprehensive understanding of customer information, which can give customers more personalized service support and marketing design, and make "one-to-one customer relationship management" possible. Database marketing is a system of "two-way communication of information", which provides every target customer with the opportunity to give feedback in time, and the feedback can be measured and measured< Database marketing has been quite popular in enterprises in western developed countries. In the United States, a survey concted by Donnelley marketing company in 1994 shows that 56% of retailers and manufacturers have marketing databases, 10% of retailers and manufacturers are planning to build marketing databases, and 85% of retailers and manufacturers think that by the end of this century, the marketing database will be built, They will need a strong marketing database to support their competitiveness. From a global point of view, as a form of marketing, database direct selling is more and more favored by enterprise managers, and plays an increasingly important role in maintaining customers and improving sales<

macro function - market forecast and real-time response
all kinds of raw data of customer database can use "data mining technology" and "intelligent analysis" to find profit opportunities in potential data. Based on the customer's age, gender, demographic data and other similar factors, the possibility of customers purchasing a specific goods is predicted; According to the characteristics of customer information in the database, we can determine the marketing strategy and promotion means, improve the marketing efficiency, help the company decide to manufacture marketable procts and make appropriate prices; We can study the data in all possible ways, by region, country, customer size, proct, salesperson, and even by zip code, so as to compare the sales performance of different markets, find out the reasons behind the figures, and tap the market potential. The feedback information of proct quality or function of an enterprise is first learned from face-to-face customers through the marketing, sales, service and other front-line personnel. After sorting out the relevant information, it is input into the database to regularly analyze the customer information in the market and put forward reports, so as to help the improvement and perfection of proct technology or function, The proct development department makes forward-looking research and development; According to the real-time information on the market, managers can adjust the proction and raw material procurement at any time, or adjust the variety of proction procts to minimize inventory and achieve "JIT"< In fact, for an enterprise, only 20% of all customers really bring huge profits to the enterprise. They are the best customers of the enterprise, and the profit rate is the highest. For these customers, the enterprise should provide special services, discounts or rewards, and keep enough vigilance, Because competitors also aim at these customers to launch competitive attacks. However, the customer strategy of most enterprises is only to obtain customers, rarely to identify and protect their best customers, and remove bad customers; They also spend little energy to consider competitors to counter customers, increase procts and services, to raise the interest rate. Using the detailed information in the enterprise database, we can go deep into the micro level of information, strengthen the statistical technology of customer differentiation, calculate the profit rate of each customer, and then grab the best customers of competitors, protect our best customers, cultivate our potential customers, and expel our worst customers. GE's consumer database can display all kinds of details of each customer and keep the transaction records of each time. They can judge who is interested in the company and the new video recorder according to the history of consumers' purchase of the company's household appliances, confirm who is the big buyer of the company, and give them a small gift worth 30 US dollars in exchange for their next purchase of the company

database marketing is the foundation of CRM
CRM system mainly includes sales force automation (SFA), marketing management, customer service and support, customer call center, network function moles. Its essence is to give full play to the role of the market, sales and service departments, and make the three departments fully share customer information, break the blockade of information fortress between departments, so as to make each department appear in front of customers with the overall image of an enterprise. Behind the enterprise front-end CRM system, it is actually a powerful customer service database, which stores all kinds of customer information and transaction behavior, and can use various mathematical analysis models to mine these data deeply, and analyze the customer value and profit rate. It can be seen that in the process of implementing CRM, the basis is to sort out the original customer historical data in an orderly way, input them into the database, and build a complete database (see figure for the relationship).

7.

At present, the "safest" financial proct is of course "deposit". According to the deposit insurance system, 100% compensation is made within 50W. Other "wealth management procts", including bank wealth management procts, will no longer guarantee capital and interest according to the new asset management regulations. According to the requirements of the new asset management regulations, no financial procts other than "deposits" can guarantee the principal and interest, including bank financial procts. Of course, not promising to keep the principal and interest does not mean that financial procts will have great "risk". It mainly depends on the underlying assets of the procts. For example, some "low-risk" procts invested in treasury bonds, financial bonds and money market instruments are relatively safe

xiaoman financial management (the original network financial management) is a professional financial management platform of xiaoman finance, which provides diversified financial management procts such as fund investment, current financial management and bank regular financial management to help users achieve wealth growth at ease. At present, xiaoman financial management has been operating safely for nearly five years, and the principal and interest of previous procts have been cashed

at present, there are some current, fixed-term financial procts and selected fund procts on xiaoman financial platform for users to choose according to their liquidity preference and risk preference. If you want to choose a "safe" financial proct, you can pay attention to the "bank deposit" financial management on the platform. According to the deposit insurance system, you can pay 100% compensation within 500000 yuan. For example, the current proct "Sanxiang bank current" withdraws about 3.8% of the income in advance, deposits and withdraws at any time, with the value of interest on the same day, unlimited on holidays, withdrawals on any natural day, real-time arrival on the same day, no trading day restrictions, unlimited restrictions

there are risks in investment, so we should be cautious in financial management

8. ; Make fail A. full ad. extremely
damp n. damp A. damp vt. make damp; Dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance, dance; Dance music, dance; Danger n; Threats; Dangerous things
dangerous, unsafe
dare, dare
dark a; Secretive; secretive; n. No light, dark
darling n.
dash v. / N.
dash n.
Data n.
database n.
date n. date n. / v. date n.
daughter n.
dawn n.
daybreak n.
daybreak n.
daybreak n; It began to appear
day n. day and night; Day, day; Day, day, daytime, daytime, daytime, daytime, daytime, daytime, daytime, daytime, daytime, daytime, daytime, daytime; Dazzling light
dead a; Inanimate; inanimate; Dead ad. completely
dead line n. deadline
dead ly a; Irreconcilable; irreconcilable; Extreme; extreme; Certain
deaf a; Those who do not want to listen are treated as
deal v; Do business, manage; Distribution; Deal with N. deal n. businessman n. Dean n; Minister in charge (Christian) deans
Dear a; dear; Precious int! Oops
death n; The cause of death is death. The cause of death is death; Deceiving; deceiving; deceiving; deceiving; deceiving; deceiving; deceiving; deceiving; deceiving; Decent or ceremonial; decent; Appropriate
decision v; Decimals, decimals, decimals, decimals, decimals, decimals; Resolution; Decision making
decisive A. decisive
deck
declaration n. declaration v; To declare that
decline v. is declining or declining; Decline; decline; To decorate or decorate; to decorate; to decorate; to decorate; to decorate; Decrease v. decrease, decrease, decrease
dedication vt; Devoting oneself to
dece vt. (from) dection, inference, dection
dece vt; Dection (reasoning)
died n; Achievements, deeds; Certificate; According to the deed,
deep a; Abstruse; abstruse; Strong ad. deep, late
deer n. deer
defeat n. defeat, defeat v. defeat, defeat; To cause to fail
defense n; Defense fortifications; Defense
defect n; Disadvantages; Insufficient
defense v; To defend or defend for.

supplement:
difference v. (from) is different from With) different from
differencen.
differenta Difficultly, difficultly, difficultly, difficultly, difficultly, difficultly, difficultly, difficultly, difficultly, difficultly, difficultly, difficultly; Spread A. (articles, etc.) lengthy, rambling
dig v. dig, dig
digest vt; Abstract, abstract
Digital a; Digital; The number of fingers is solemn and dignified; A. diligent and diligent
dilute vt.
dim A.
dim A.
dim A.
dimension n; Dimension (number), degree (number)
dimish v. rece, rece, decline
dine v. eat, eat
diner n. dinner, dinner party
dip v. / N.
diploma n. diploma, degree certificate
diplomatic a; Strategic, tactful
Direct A. / ad At, to) point to
direction n; Direct ad; Immediately, immediately
director n.
directory n.
directory n.
directory n.
dirty n.
dirty a; Obscene v. defile; deface; To incapacitate; incapacitate; Incapacity
disappear v. disappeared
disappoint vt (plan, etc.)
disaster n; Complete failure
disastrous A. catastrophic
disc n. (disk) disc n. (disk)
discard vt; Discharge v. / n; To discharge (electricity); Discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline, discipline; Discount (rate) vt; Not paying attention to
discovery v. makes people frustrated and lose confidence
discovery n; Speech; conversation; Discourse VI. narration, writing
discovery v. discovery, showing
discovery n. discovery; What is discovered
discreet a; Prudent; prudent; There was no significant difference between the two groups; Differences; Contradiction
discriminate v Discuss and discuss disease n. disease n. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v. disfavor v; Disdain n. / v.
disguise n. / v.
disguise n. / v.
disguise n. / v.
dislik n. / v.
dismay n. / v To cause to panic; alarm Disappoint, despaire; unrest; Disorder, disease
disperse v To scatter; scatter; Evacuation
display v; Display, display, display, display; Dispose of; dispose of; dispose of; dispose of Arrange; arrange; arrange; arrange; arrange; Personality tendency; Tendency, intention
dispute n. argue, argue v. argue, argue; Refutation; Doubt; Stop
ignore vt; ignore; Ignore n; Ignore
disrupt vt To dissipate (a cloud, fog, doubt, etc.); disperse; To dissolve; dissipate; Distance, distance, distance, distance; distant; Alienated; alienated; The isolated
distill vt; Clear, distinct a From) totally different
distinction n; Grade; characteristic; Reputation; Distinguished v. (from); Identify; identify; Distort v. (mouth, face, etc.); distort v; Distortion; Distort (truth, facts, etc.)
distract v; Distract; distract; disturb; Make the mood upset
distress n; danger; Unfortunately, V. make distressed
distribute v. distribute; Distribution; Distribution; Distribution (electricity) District n. District n; The house of Representatives constituencies of all States in the U.S.
disturb v.
disturb n.
ditch n.
dive v. / N.
dive a; Check and control; Relieving boredom; Entertainment
divert vt; To divert (attention); Make entertainment
divide v; Distribution (by) except for
dividend n; Return, benefit; Divisor
divine a; Excellent,
division n; Department, section, division; Division; Dividing line
divorce v. / N. divorce, separation
dizzy a May) make people dizzy
do aux. V. vt; Cause VI. action
dock n. dock, dock
doctor n. doctor; Dr. vt; diagnosis; Modify
doctorate n; Doctor Title
document n

9. Usually, customers who do blockchain ICO projects will register a foundation as the main body of the project. Take the Singapore foundation as an example. After the registration, some project parties need to issue coins on the exchange. In order to comply with the current laws and regulations of Singapore, some exchanges need you to prove that the issued virtual currency does not have the nature of securities. If so, the exchange will bear the legal responsibility
that's why, in addition to the HKMA, the exchange also requires legal opinions, especially the first two items of legal opinions, namely, the project itself and the token nature. Let's introce which legal opinions are generally provided by lawyers for blockchain projects. Legal opinions are just a general term, and the common ones are as follows:
1 Legal opinions on token non securities nature certification issued in accordance with Singapore regulatory regulations
2. Legal compliance lawyer's opinions in white paper
3. Private placement terms
4. Public offering terms