China and South Korea trade to build virtual currency
Publish: 2021-05-02 20:57:09
1.
It is reported that zeniex will launch the virtual currency wallet download and other deposit services today, and the virtual currency trading and other trading services will start on the 13th. Due to the delay in opening a real name virtual account in South Korea, it will take the lead in launching the "virtual currency transaction service" with bitcoin (BTC) in a short time
e to the frequent occurrence of account security related accidents in the virtual currency trading market of South Korea recently, investors are very worried. Therefore, zeniex has developed a series of strict management plans from the beginning of membership certification
membership authentication needs four steps: email authentication, mobile phone authentication, OTP authentication and ID card authentication. At the same time, in order to be on guard, zeniex stipulates that investors must carry out dynamic password authentication when making money. If you want to increase the upper limit of payment, you need to carry out ID card authentication
Cui Jingzhun, head of zeniex, said, "after the exchange goes online, we will try our best to make the trading system operate safely and stably."it is reported that Chinese enterprises have participated in the technical work related to the cooperation between China and South Korea in building zeniex exchange to improve blockchain security
isn't virtual currency legal
2. If all countries use virtual currency, there will still be exchange rate. If the exchange rate is determined by the people's Bank of China, it must be determined by export trade
3. The professional statement of the people's Bank of China is:
on the 12th, the people's Bank of China and the Bank of Korea announced the signing of a bilateral currency swap agreement with a scale of 180 billion yuan / 38 trillion won. Both parties can exchange the same amount of the other party's currency with their own currency as collateral within the above scale. Signing the swap agreement means that both sides promise a certain amount of swap, which can be started at any time in the specific situation of deepening crisis. The agreement is valid for 3 years and can be extended by mutual agreement. Both sides agreed to explore the possibility and proportion of converting swap currency into reserve currency
the purpose is to provide short-term liquidity support to the financial systems of the two economies with good fundamentals and operation, and promote the development of bilateral trade
it can effectively deal with the drastic fluctuation of the exchange rate of the two currencies, and the central banks of the two countries can intervene in time to rece the negative impact on trade. Recently, the South Korean won has depreciated significantly against the RMB. At this time, the Central Bank of Korea can intervene in the selling of the RMB to achieve the purpose of lowering the RMB, so that the exchange rates of the two countries do not fluctuate sharply.
on the 12th, the people's Bank of China and the Bank of Korea announced the signing of a bilateral currency swap agreement with a scale of 180 billion yuan / 38 trillion won. Both parties can exchange the same amount of the other party's currency with their own currency as collateral within the above scale. Signing the swap agreement means that both sides promise a certain amount of swap, which can be started at any time in the specific situation of deepening crisis. The agreement is valid for 3 years and can be extended by mutual agreement. Both sides agreed to explore the possibility and proportion of converting swap currency into reserve currency
the purpose is to provide short-term liquidity support to the financial systems of the two economies with good fundamentals and operation, and promote the development of bilateral trade
it can effectively deal with the drastic fluctuation of the exchange rate of the two currencies, and the central banks of the two countries can intervene in time to rece the negative impact on trade. Recently, the South Korean won has depreciated significantly against the RMB. At this time, the Central Bank of Korea can intervene in the selling of the RMB to achieve the purpose of lowering the RMB, so that the exchange rates of the two countries do not fluctuate sharply.
4. China's exchange rate system is a package currency system, that is, to choose several important currencies in the world, weigh their exchange rate relationship, and then determine the exchange rate between China and other currencies. The specific operation is very complicated. I will not elaborate on the design of in-depth contents of finance
since the use of RMB in China South Korea trade is only an initial trial run, it will not have much impact on the RMB exchange rate, because the original package of currency system will select the Korean won, so there is no difference. It's just omitting the dollar step
in this way, both China and South Korea will benefit, because China and South Korea will not need the tedious steps of settlement in US dollars, and will directly link the currencies of the two countries. It not only saves the cost of settlement, but also avoids the danger of the fluctuation of the US dollar to the trade between the two countries. It's the United States that doesn't benefit
for you, the impact is more comprehensive and safe. Instead of calculating the exchange rates of the two sides, just calculate the exchange rates of China and South Korea. If your business is a small one, it has little effect on you. Because small businesses don't need to settle in US dollars before, because small businesses don't do trade settlement at all. If you are a big business, it will save a lot of costs, which is good for you. Of course, at present, the RMB is still in a state of appreciation, and the Korean won is becoming less and less valuable. Your purchase cost will increase in the future, and your business will not be so good. Of course, this has nothing to do with changing to RMB settlement. Even if you always settle in US dollars, your business is not clear, because the RMB appreciation is too fast
there are really few disadvantages. Especially for your purchase business. The main losers are financial institutions that do venture capital and speculation
of course, there is an indirect disadvantage, that is, the promotion of RMB settlement in the world will weaken the status of the US dollar. If the RMB is generally favored, it will promote the rapid appreciation of RMB. Then your purchase cost will double, and your goods will not be competitive. But it's a long way off, and it's not expected to have much impact on your business in five years.
since the use of RMB in China South Korea trade is only an initial trial run, it will not have much impact on the RMB exchange rate, because the original package of currency system will select the Korean won, so there is no difference. It's just omitting the dollar step
in this way, both China and South Korea will benefit, because China and South Korea will not need the tedious steps of settlement in US dollars, and will directly link the currencies of the two countries. It not only saves the cost of settlement, but also avoids the danger of the fluctuation of the US dollar to the trade between the two countries. It's the United States that doesn't benefit
for you, the impact is more comprehensive and safe. Instead of calculating the exchange rates of the two sides, just calculate the exchange rates of China and South Korea. If your business is a small one, it has little effect on you. Because small businesses don't need to settle in US dollars before, because small businesses don't do trade settlement at all. If you are a big business, it will save a lot of costs, which is good for you. Of course, at present, the RMB is still in a state of appreciation, and the Korean won is becoming less and less valuable. Your purchase cost will increase in the future, and your business will not be so good. Of course, this has nothing to do with changing to RMB settlement. Even if you always settle in US dollars, your business is not clear, because the RMB appreciation is too fast
there are really few disadvantages. Especially for your purchase business. The main losers are financial institutions that do venture capital and speculation
of course, there is an indirect disadvantage, that is, the promotion of RMB settlement in the world will weaken the status of the US dollar. If the RMB is generally favored, it will promote the rapid appreciation of RMB. Then your purchase cost will double, and your goods will not be competitive. But it's a long way off, and it's not expected to have much impact on your business in five years.
5. There is also the key to international non circulation, unless the company's processing can be settled in RMB.
6. Korea's electronic procts
for example, the electronic dictionary that Korean students need
when I'm answering questions here, I often encounter people asking me where I can buy a Korean brand of e-dictionary in China. I think there is a certain market for this kind of thing
if you mainly want to deal with Chinese procts, there are many articles to do. The focus should be on Chinese procts that Korean people are more interested in. For example, China's cultural instry has a long history. This is absolutely an unlimited big head! For a simple example, when chatting with me, many Korean people like to ask me where to buy good calligraphy and painting works, as well as some antique paintings and calligraphy that are worth collecting. I think as long as it is within the scope of the national cultural relics management license, you can well develop the cultural instry exchanges between China and South Korea. Especially in ancient cultural cities such as Xi'an and Luoyang, where there are not many Korean people going in and out, but almost all the Korean people who go there are going to China's ancient civilization and culture
therefore, for your businessmen, I sincerely suggest you invest in the cultural instry< Thank you for your new year's greetings! I also wish you a prosperous business
in addition, please refer to this one:
http://..com/question/11318390.html
for example, the electronic dictionary that Korean students need
when I'm answering questions here, I often encounter people asking me where I can buy a Korean brand of e-dictionary in China. I think there is a certain market for this kind of thing
if you mainly want to deal with Chinese procts, there are many articles to do. The focus should be on Chinese procts that Korean people are more interested in. For example, China's cultural instry has a long history. This is absolutely an unlimited big head! For a simple example, when chatting with me, many Korean people like to ask me where to buy good calligraphy and painting works, as well as some antique paintings and calligraphy that are worth collecting. I think as long as it is within the scope of the national cultural relics management license, you can well develop the cultural instry exchanges between China and South Korea. Especially in ancient cultural cities such as Xi'an and Luoyang, where there are not many Korean people going in and out, but almost all the Korean people who go there are going to China's ancient civilization and culture
therefore, for your businessmen, I sincerely suggest you invest in the cultural instry< Thank you for your new year's greetings! I also wish you a prosperous business
in addition, please refer to this one:
http://..com/question/11318390.html
7. I'm a Korean trade person. I've made clothes and ceramics (flowerpots, Wei Yu, tableware...).
let's start with clothes. I can't do it any more after two years. In 2004, I made a lot of money selling fake brand names in Guangzhou to Korea (clothes, shoes, watches, necklaces... Everything I used on people). Since 2005, because of the improvement of Korean anti-counterfeiting efforts, I can't proce any goods at all, and I'll dect a batch after batch, After losing a lot of money, he changed to export ordinary textiles. Because there was no profit, he gave up for a few months.
now many Korean clothes are shipped from Peru, and it's very difficult to make clothes in China.
now it's good to make ceramics out of Korea, but later the Korean economy is extremely sluggish, and the RMB Appreciation, Now the price has fallen to an unacceptable level for factories, and the pressure is too great.
my experience can tell you that Korean business is very difficult to do, and the price is extremely low, so I suggest you do something innovative, otherwise don't do it, China's economy has changed from export intensive to domestic, I hope my experience can help you
let's start with clothes. I can't do it any more after two years. In 2004, I made a lot of money selling fake brand names in Guangzhou to Korea (clothes, shoes, watches, necklaces... Everything I used on people). Since 2005, because of the improvement of Korean anti-counterfeiting efforts, I can't proce any goods at all, and I'll dect a batch after batch, After losing a lot of money, he changed to export ordinary textiles. Because there was no profit, he gave up for a few months.
now many Korean clothes are shipped from Peru, and it's very difficult to make clothes in China.
now it's good to make ceramics out of Korea, but later the Korean economy is extremely sluggish, and the RMB Appreciation, Now the price has fallen to an unacceptable level for factories, and the pressure is too great.
my experience can tell you that Korean business is very difficult to do, and the price is extremely low, so I suggest you do something innovative, otherwise don't do it, China's economy has changed from export intensive to domestic, I hope my experience can help you
8. In the case of a specific understanding of the trade situation and world market prices and other environmental factors, the first thing is to make an offer, search for an offer and make a counter-offer. You have to publish your intention or find the proct you want, and negotiate the most important aspects of the transaction after several rounds of inquiries and offers
then negotiate and sign a contract. These are all trade negotiations
then the importer will open a letter of credit according to the contract, which is the most basic thing in any trade. All documents should be concluded on this basis.
it is very troublesome to prepare goods, inspect goods, and declare import and export. Some goods need a license for export
then arrange transportation and handle insurance according to the provisions of the L / C. The division of specific risks and liabilities should be done according to the provisions of the L / C and the contract< After that, the goods can be loaded on the means of transport after inspection and release, and then the exporter issues the shipping notice, and extracts the issued transport documents from the transportation company.
the buyer reviews the documents and makes payment
the Seller shall prepare the documents and collect the payment for goods. In this case, the issuing bank has the first obligation to pay. That is to say, regardless of the actual situation of the goods, as long as the seller can provide a full set of documents, and comply with the principle of single conformity and document conformity, the bank will pay for them
finally, the buyer takes delivery of the goods to the ship with the transport documents, and makes declaration to the Customs for examination and payment of import tax
finally, the inspection of the goods is required, and the unqualified goods claim to the relevant responsible person (or the shipping company, the seller or the insurance company, etc.) according to the claim clause
so far, the transaction is generally closed. Order to the factory for proction, space booking, commodity inspection, customs declaration, shipment, bill of lading, shipping certificate, shipping telecommunication, certificate of certification, etc. according to the L / C. Presentation of documents.
then negotiate and sign a contract. These are all trade negotiations
then the importer will open a letter of credit according to the contract, which is the most basic thing in any trade. All documents should be concluded on this basis.
it is very troublesome to prepare goods, inspect goods, and declare import and export. Some goods need a license for export
then arrange transportation and handle insurance according to the provisions of the L / C. The division of specific risks and liabilities should be done according to the provisions of the L / C and the contract< After that, the goods can be loaded on the means of transport after inspection and release, and then the exporter issues the shipping notice, and extracts the issued transport documents from the transportation company.
the buyer reviews the documents and makes payment
the Seller shall prepare the documents and collect the payment for goods. In this case, the issuing bank has the first obligation to pay. That is to say, regardless of the actual situation of the goods, as long as the seller can provide a full set of documents, and comply with the principle of single conformity and document conformity, the bank will pay for them
finally, the buyer takes delivery of the goods to the ship with the transport documents, and makes declaration to the Customs for examination and payment of import tax
finally, the inspection of the goods is required, and the unqualified goods claim to the relevant responsible person (or the shipping company, the seller or the insurance company, etc.) according to the claim clause
so far, the transaction is generally closed. Order to the factory for proction, space booking, commodity inspection, customs declaration, shipment, bill of lading, shipping certificate, shipping telecommunication, certificate of certification, etc. according to the L / C. Presentation of documents.
9. Chinese specialty
10.
At the macro level, there are some obvious problems in the bilateral trade between China and South Korea, such as: trade growth is weak or even negative
the trend of trade imbalance is growing
South Korea's investment in China has shrunk
First, the main characteristics of the bilateral trade between China and South Korea:the bilateral trade between China and South Korea presents the following four characteristics:
(1) the bilateral trade develops rapidly with great fluctuation
(2) the trade imbalance continued to expand, and the growth rate of China's deficit slowed down (3) the trade commodity structure of South Korea has been improved (4) South Korean enterprises choose China as the first choice for foreign investment, and the investment in China in the electronics instry is growing rapidly< br />Hot content