Virtual currency universal
Publish: 2021-04-19 00:37:45
1. Tianyuan currency editor
Tianyuan currency is a new type of digital currency, which is based on the Internet, stored in the computer system in the form of electronic data, and realizes the circulation and payment function in the form of electronic information transmission through the network system. Its purpose is to explore a new payment currency in the process of social and economic development in the future. It envisages that it will become a universal electronic payment means in the world to compete with bitcoin in the future
the acquisition of Tianyuan currency adopts the mode of issuance and subscription, not the same mining mode as bitcoin, lightcoin and other digital currencies. The total number of Tianyuan coins is 100 billion, and its issuing institution does not belong to the central bank. Instead, it is proced by Chongqing Tianyuan Xianbao Technology Development Co., Ltd. through the mine pool, and then it is issued by stages and the user subscribes to obtain Tianyuan coins<
Chinese name
Tianyuan coin
alias
Tianyuan Xianbao
attribute
digital currency
issue time
September 26, 2014
contents
1 Introction
2 evaluation
3 media reports
4 development prospects
1 Introction editor
definition: Tianyuan coin is a new type of digital currency, which is based on the Internet, A currency that is stored in a computer system in the form of electronic data, and circulates and pays through a network system in the form of electronic information transmission. Its purpose is to explore a new payment currency in the process of social and economic development in the future. It envisages that it will become a universal electronic payment currency competing with bitcoin in the world in the future
acquisition method: Tianyuan currency is acquired in the form of issuance and subscription, not in the same mining mode as bitcoin, lightcoin and other digital currencies. The total number of Tianyuan coins is 100 billion, and its issuing institution does not belong to the central bank. Instead, it is proced by Chongqing Tianyuan Xianbao Technology Development Co., Ltd. through the mine pool, and then it is issued by stages and the user subscribes to obtain Tianyuan coins
issuing method: the trading platform of Tianyuan currency adopts the limited interval trading method to ensure that the value of Tianyuan currency is not controlled by the strong market, and ensure the orderly growth of the value of Tianyuan currency
in the first stage, the subscription price is 0.01 yuan, and the free trading range is [0.01 yuan-0.09 yuan], and the free trading price shall not be lower than 0.01 yuan and higher than 0.1 yuan
in the second stage, the subscription price is 0.1 yuan, and the free trading range is [0.1 yuan-0.99 yuan], and the free trading price shall not be less than 0.1 yuan and not more than 1 yuan
in the third stage, the subscription price is 1 yuan, and the free trading range is between 1 yuan and 4.99 yuan. The free trading price shall not be less than 1 yuan and not more than 5 yuan
in the fourth stage, the subscription price is 5 yuan, and the free trading range is between 5 yuan and 9.99 yuan. The free trading price shall not be less than 5 yuan and not more than 10 yuan
in the fifth stage, the subscription price is 10 yuan, and the free trading range is between 10 yuan and 19.99 yuan. The free trading price shall not be less than 10 yuan and not more than 20 yuan
...
and so on, the price of Tianyuan coin continues to rise with the issue price. After entering the next issue subscription stage, the price of Tianyuan coin will never be lower than the current lowest price
development history:
in September 2014, Tianyuan official trading platform was officially launched and opened to the outside world
in January 2015, Tianyuan global strategic development committee was established<
2 evaluation editor
risk:
since digital currency is still in a blank stage of supervision in China, and there is no specific financial regulation to supervise digital currency suppliers, they operate in a self-regulation way. The digital money supplier is not a bank, so the banking regulations are not applicable. The biggest risk of Tianyuan currency comes from the change of national policy
according to Xinhuanet, on November 5, 2014, an Internet virtual currency seminar was held in Beijing with the theme of "virtual currency development strategy selection under the background of Internet finance". Luo Kaifu, vice chairman of the China Economic Frontier decision making Advisory Center, a Chinese think tank, Yu Jianguo, researcher of the Institute of macroeconomic research of the national development and Reform Commission, Zhang Xu, vice president of the school of Marxism of Renmin University of China, Hu Meijuan, chief editor of Financial World magazine of Xinhua news agency, and other experts and scholars from all walks of life attended the meeting. The experts discussed a series of opportunities, challenges and regulatory risks faced by the government under the current Internet finance background
experts generally said that with the rapid development of Internet technology, the emergence of virtual currency has brought a great impact on the traditional monetary economy, while the public's awareness of virtual currency still stays on High-yield opportunistic investment procts. In the market economy, we should not be one size fits all for the new things such as virtual currency. We should accumulate experience in the development. While strengthening the proper communication between R & D institutions and government departments, we should graally establish corresponding rules and proceres. On the basis of cracking down on illegal transactions using virtual economy system, we should ensure the healthy development of virtual currency system in the future[ 1]
advantages
1 foam less. As the issue of digital currency is vulnerable to price fluctuations, the Tianyuan dollar trading mode is phased out, and its value growth is related to the number of holders. Therefore, the price of Tianyuan coins issued in each issue can meet its real value and will not generate economic bubbles.
2 the risk is small. Because the transaction rules set the lowest transaction price and the highest transaction price for each interval of the transaction, it prevents the price from rising and falling, and also prevents large households from using their own capital strength to smash the market
3 easy to participate. Compared with bitcoin and other digital currencies, e to its high market price and scarcity of total amount, it can only be circulated in the hands of a few people. The entry threshold of Tianyuan coin is low, and the participation of ordinary people is high. Moreover, with permanent repurchase, users are more free to advance and retreat after participation
disadvantages
1 the trading platform is fragile. Tianyuan's trading platform is just a website, which is vulnerable to hacker attacks or national policies
2 is not accepted. As digital currency is a new concept of Internet economy, the concept of ordinary people is still more concerned about the value of paper currency, and they can not fully understand the future development trend of Tianyuan currency. Coupled with the resistance of traditional financial practitioners, it is more difficult to promote Tianyuan currency<
3 media report editor
can virtual coin venture from dark to dawn (group photo) [2]
Tianyuan coin opens up a new way to make money on the Internet [3]
new mode of Internet Finance: Tianyuan wealth reform era has quietly come [4]
will Tianyuan Xianbao be the next Internet miracle after Ali [5]
4 development prospect editor
Beijing time March 2014 In the morning of May 9, Jared Cohen, Google's creative director, said at the Sxsw conference this week that a digital cryptocurrency similar to bitcoin will exist for a long time[ 6]
from December 12 to 14, Sanya International Forum of Finance and economics was held ceremoniously. At this conference, there was an eye-catching sub forum theme, "digital currency: from information network to value network", which also marked that digital currency finally began to enter the mainstream vision
this morning, the keynote speakers of the sub forum included Wu Xiaoling, former vice governor of the central bank, current member of the Standing Committee of the National People's Congress and deputy director of the finance and Economics Commission, Wang Yongli, former vice president of the Bank of China, Xiao Feng, vice chairman of China Wanxiang holding group, Li Lin, founder and CEO of fire coin, and Sha Qian, author of "ownerless currency: China's digital currency Research Report 2014"
Wu Xiaoling, former vice governor of the people's Bank of China, now member of the Standing Committee of the National People's Congress and deputy director of the finance and Economics Commission, expressed his views on digital currency. She said:
"algorithmic currency only solves the credit problem, but if there is no supply regulation mechanism applicable to economic demand, it can not solve the problem of currency fluctuation. It can become a financial proct and financial asset, but it can not become a good currency. However, the coexistence of legal money and private money is the normal state of human society, and digital private money can coexist with legal electronic money. Open source sharing of distributed information technology has created the Internet of information, we can also use this technology to transfer digital currency, low cost and high efficiency to complete the value transfer
when the audience asked whether blockchain technology could replace legal currency, Wu Xiaoling said that a country would not allow legal currency to be replaced by digital currency
Wang Yongli, former vice president of the Bank of China, said that the Internet clearing system based on Internet companies has graally formed, and Ali shuang12 has impacted the traditional clearing system. When talking about the exploration of super sovereign currency, Wang Yongli said that internet currency systems such as bitcoin and reborn currency need to be verified and worthy of discussion. The future trend of currency development may be super sovereign virtual currency
after Xiao Feng, vice chairman of China Wanxiang holding group, discussed the development of digital currency from the perspective of economic and financial theory, as the only entrepreneur of digital currency instry development in the conference, Li Lin, founder and CEO of fire coin, showed relevant data of the instry. At present, the market value of bitcoin is about 30 billion yuan, and there are about 100000 businesses that accept bitcoin, In addition, he said that digital currency and bitcoin technology are still in the early stage of development, and there will be an outbreak period in the next few years. Li Lin also echoed Wu Xiaoling's point of view. He believed that cryptocurrency is a cross era technology, which is worthy of attention and research of traditional financial institutions. It will greatly improve the efficiency of traditional financial institutions
as for the supervision of digital currency, Shaqian thinks that the state should start with tax supervision, but China's new technology cannot be protected and served by the state at present[ 7]
Tianyuan currency is a new type of digital currency, which is based on the Internet, stored in the computer system in the form of electronic data, and realizes the circulation and payment function in the form of electronic information transmission through the network system. Its purpose is to explore a new payment currency in the process of social and economic development in the future. It envisages that it will become a universal electronic payment means in the world to compete with bitcoin in the future
the acquisition of Tianyuan currency adopts the mode of issuance and subscription, not the same mining mode as bitcoin, lightcoin and other digital currencies. The total number of Tianyuan coins is 100 billion, and its issuing institution does not belong to the central bank. Instead, it is proced by Chongqing Tianyuan Xianbao Technology Development Co., Ltd. through the mine pool, and then it is issued by stages and the user subscribes to obtain Tianyuan coins<
Chinese name
Tianyuan coin
alias
Tianyuan Xianbao
attribute
digital currency
issue time
September 26, 2014
contents
1 Introction
2 evaluation
3 media reports
4 development prospects
1 Introction editor
definition: Tianyuan coin is a new type of digital currency, which is based on the Internet, A currency that is stored in a computer system in the form of electronic data, and circulates and pays through a network system in the form of electronic information transmission. Its purpose is to explore a new payment currency in the process of social and economic development in the future. It envisages that it will become a universal electronic payment currency competing with bitcoin in the world in the future
acquisition method: Tianyuan currency is acquired in the form of issuance and subscription, not in the same mining mode as bitcoin, lightcoin and other digital currencies. The total number of Tianyuan coins is 100 billion, and its issuing institution does not belong to the central bank. Instead, it is proced by Chongqing Tianyuan Xianbao Technology Development Co., Ltd. through the mine pool, and then it is issued by stages and the user subscribes to obtain Tianyuan coins
issuing method: the trading platform of Tianyuan currency adopts the limited interval trading method to ensure that the value of Tianyuan currency is not controlled by the strong market, and ensure the orderly growth of the value of Tianyuan currency
in the first stage, the subscription price is 0.01 yuan, and the free trading range is [0.01 yuan-0.09 yuan], and the free trading price shall not be lower than 0.01 yuan and higher than 0.1 yuan
in the second stage, the subscription price is 0.1 yuan, and the free trading range is [0.1 yuan-0.99 yuan], and the free trading price shall not be less than 0.1 yuan and not more than 1 yuan
in the third stage, the subscription price is 1 yuan, and the free trading range is between 1 yuan and 4.99 yuan. The free trading price shall not be less than 1 yuan and not more than 5 yuan
in the fourth stage, the subscription price is 5 yuan, and the free trading range is between 5 yuan and 9.99 yuan. The free trading price shall not be less than 5 yuan and not more than 10 yuan
in the fifth stage, the subscription price is 10 yuan, and the free trading range is between 10 yuan and 19.99 yuan. The free trading price shall not be less than 10 yuan and not more than 20 yuan
...
and so on, the price of Tianyuan coin continues to rise with the issue price. After entering the next issue subscription stage, the price of Tianyuan coin will never be lower than the current lowest price
development history:
in September 2014, Tianyuan official trading platform was officially launched and opened to the outside world
in January 2015, Tianyuan global strategic development committee was established<
2 evaluation editor
risk:
since digital currency is still in a blank stage of supervision in China, and there is no specific financial regulation to supervise digital currency suppliers, they operate in a self-regulation way. The digital money supplier is not a bank, so the banking regulations are not applicable. The biggest risk of Tianyuan currency comes from the change of national policy
according to Xinhuanet, on November 5, 2014, an Internet virtual currency seminar was held in Beijing with the theme of "virtual currency development strategy selection under the background of Internet finance". Luo Kaifu, vice chairman of the China Economic Frontier decision making Advisory Center, a Chinese think tank, Yu Jianguo, researcher of the Institute of macroeconomic research of the national development and Reform Commission, Zhang Xu, vice president of the school of Marxism of Renmin University of China, Hu Meijuan, chief editor of Financial World magazine of Xinhua news agency, and other experts and scholars from all walks of life attended the meeting. The experts discussed a series of opportunities, challenges and regulatory risks faced by the government under the current Internet finance background
experts generally said that with the rapid development of Internet technology, the emergence of virtual currency has brought a great impact on the traditional monetary economy, while the public's awareness of virtual currency still stays on High-yield opportunistic investment procts. In the market economy, we should not be one size fits all for the new things such as virtual currency. We should accumulate experience in the development. While strengthening the proper communication between R & D institutions and government departments, we should graally establish corresponding rules and proceres. On the basis of cracking down on illegal transactions using virtual economy system, we should ensure the healthy development of virtual currency system in the future[ 1]
advantages
1 foam less. As the issue of digital currency is vulnerable to price fluctuations, the Tianyuan dollar trading mode is phased out, and its value growth is related to the number of holders. Therefore, the price of Tianyuan coins issued in each issue can meet its real value and will not generate economic bubbles.
2 the risk is small. Because the transaction rules set the lowest transaction price and the highest transaction price for each interval of the transaction, it prevents the price from rising and falling, and also prevents large households from using their own capital strength to smash the market
3 easy to participate. Compared with bitcoin and other digital currencies, e to its high market price and scarcity of total amount, it can only be circulated in the hands of a few people. The entry threshold of Tianyuan coin is low, and the participation of ordinary people is high. Moreover, with permanent repurchase, users are more free to advance and retreat after participation
disadvantages
1 the trading platform is fragile. Tianyuan's trading platform is just a website, which is vulnerable to hacker attacks or national policies
2 is not accepted. As digital currency is a new concept of Internet economy, the concept of ordinary people is still more concerned about the value of paper currency, and they can not fully understand the future development trend of Tianyuan currency. Coupled with the resistance of traditional financial practitioners, it is more difficult to promote Tianyuan currency<
3 media report editor
can virtual coin venture from dark to dawn (group photo) [2]
Tianyuan coin opens up a new way to make money on the Internet [3]
new mode of Internet Finance: Tianyuan wealth reform era has quietly come [4]
will Tianyuan Xianbao be the next Internet miracle after Ali [5]
4 development prospect editor
Beijing time March 2014 In the morning of May 9, Jared Cohen, Google's creative director, said at the Sxsw conference this week that a digital cryptocurrency similar to bitcoin will exist for a long time[ 6]
from December 12 to 14, Sanya International Forum of Finance and economics was held ceremoniously. At this conference, there was an eye-catching sub forum theme, "digital currency: from information network to value network", which also marked that digital currency finally began to enter the mainstream vision
this morning, the keynote speakers of the sub forum included Wu Xiaoling, former vice governor of the central bank, current member of the Standing Committee of the National People's Congress and deputy director of the finance and Economics Commission, Wang Yongli, former vice president of the Bank of China, Xiao Feng, vice chairman of China Wanxiang holding group, Li Lin, founder and CEO of fire coin, and Sha Qian, author of "ownerless currency: China's digital currency Research Report 2014"
Wu Xiaoling, former vice governor of the people's Bank of China, now member of the Standing Committee of the National People's Congress and deputy director of the finance and Economics Commission, expressed his views on digital currency. She said:
"algorithmic currency only solves the credit problem, but if there is no supply regulation mechanism applicable to economic demand, it can not solve the problem of currency fluctuation. It can become a financial proct and financial asset, but it can not become a good currency. However, the coexistence of legal money and private money is the normal state of human society, and digital private money can coexist with legal electronic money. Open source sharing of distributed information technology has created the Internet of information, we can also use this technology to transfer digital currency, low cost and high efficiency to complete the value transfer
when the audience asked whether blockchain technology could replace legal currency, Wu Xiaoling said that a country would not allow legal currency to be replaced by digital currency
Wang Yongli, former vice president of the Bank of China, said that the Internet clearing system based on Internet companies has graally formed, and Ali shuang12 has impacted the traditional clearing system. When talking about the exploration of super sovereign currency, Wang Yongli said that internet currency systems such as bitcoin and reborn currency need to be verified and worthy of discussion. The future trend of currency development may be super sovereign virtual currency
after Xiao Feng, vice chairman of China Wanxiang holding group, discussed the development of digital currency from the perspective of economic and financial theory, as the only entrepreneur of digital currency instry development in the conference, Li Lin, founder and CEO of fire coin, showed relevant data of the instry. At present, the market value of bitcoin is about 30 billion yuan, and there are about 100000 businesses that accept bitcoin, In addition, he said that digital currency and bitcoin technology are still in the early stage of development, and there will be an outbreak period in the next few years. Li Lin also echoed Wu Xiaoling's point of view. He believed that cryptocurrency is a cross era technology, which is worthy of attention and research of traditional financial institutions. It will greatly improve the efficiency of traditional financial institutions
as for the supervision of digital currency, Shaqian thinks that the state should start with tax supervision, but China's new technology cannot be protected and served by the state at present[ 7]
2. If a few years ago, maybe I would not hesitate to say bitcoin, but in recent years, the development of bitcoin is a bit unsatisfactory. Today's latest information report also shows that the price of bitcoin has fallen below $10000. If you only hold bitcoin, it may not be good news, but it has no effect on the virtual currency contract transaction, which can be traded in both directions
if you don't have a lot of spare money on hand, it's a good choice to invest in virtual currency at this time. With a threshold of several hundred yuan, new users of the realm can also get a $50 coupon, which will not affect our lives, but also bring considerable benefits<
the investment mode that can also trade is not only suitable for young people, but also for the elderly, because it does not require you to have much deep investment experience, as long as you know how to judge the direction of price rise and fall, and the trading time is relatively free, 24 hours a day can be operated at any time.
if you don't have a lot of spare money on hand, it's a good choice to invest in virtual currency at this time. With a threshold of several hundred yuan, new users of the realm can also get a $50 coupon, which will not affect our lives, but also bring considerable benefits<
the investment mode that can also trade is not only suitable for young people, but also for the elderly, because it does not require you to have much deep investment experience, as long as you know how to judge the direction of price rise and fall, and the trading time is relatively free, 24 hours a day can be operated at any time.
3.
Digital RMB (DC / EP) "ready", how will the future payment field usher in changes
in addition, for the areas that the central bank's digital currency can do but the third-party payment can not cover, Wang Zhicheng said that digital currency may have a great connection with the convergence of digital assets in the future, which means that shopping and selling use the same media, and things with similar media will have a better matching degree, which is easy to be accepted by everyone, "In the future, for example, for any financial procts and transactions between virtual assets, the matching degree and convenience of using the central bank's digital currency will be much higher than the current third-party payment."
4. Zhao CHANGPENG, the founder of coin an, soon became the largest virtual currency transaction in the world. At the beginning of this year, there were 10 billion US dollars of transaction volume every day. This is really powerful!
5. Tibet friendly, from the photos, your collection font puffy, unclear details, rough proction, suspected to be imitation.
6. Forbes China China name list gender list to intercept to 10 billion
ranking name wealth (100 million yuan) sex age company instry
1 Ma Yun 1193.4 men 50 Alibaba software and Internet
2
3 Ma Huateng 881.3 men 43 Tencent software and Internet
4 Wang Jianlin 807.8 male, 60 Dalian Wanda Group real estate
5 Li Hejun 795.6 male, 47 hanergy holding group energy
6 Zong Qinghou 673.2 male, 69 Wahaha Group Food and beverage
7 Wang Wenyin 612 male, 46 Zhengwei International raw materials
6 />8 Lei Jun 556.9 male 44 Xiaomi technology computer and communication equipment, diversified finance
9 he Hengjian 459 male 72 Midea Group rable consumer goods and clothing
10 Liu qiangdong 434.5 male 40 Jingdong Mall software and Internet
11 Liu Yongxing 397.8 male 66 Oriental hope group raw materials Petrochemical instry Diversified finance
12 Wang Jing 391.7 male 41 Xinwei group computer and communication equipment
13 Chen Lihua family 373.3 female 73 Fuhua International Group real estate
14 Wei Jianjun 367.2 male 50 Great Wall Motors and auto parts
15 Xu Jiayin 361.1 male 56 Evergrande Group Real Estate Proction, agriculture, food and beverage, sports
16 Lu Guanqiu father and son 330.5 male 69 Wanxiang Group Automobile and auto parts, raw materials, real estate Diversified finance
16 Xu Rongmao 330.5 male 64 Shimao Group real estate
18 Zhang Zhidong 318.2 male 42 Tencent software and Internet
19 Ding Lei 299.9 male 43 Netease software and Internet
19 Yang Huiyan 299.9 female 33 Country Garden real estate
21 Tong Jinquan 293 8 male 59 Changfeng real estate
22 Wang Chuanfu 287.6 male 48 BYD automobile and auto parts, environmental protection and new energy
23 Zhang Shiping family 269.3 male 67 China Hongqiao group, Shandong Weiqiao venture group raw materials Textile
23 Zhou Jianping family 269.3 male 54 Hailan group rable consumer goods and clothing
25 Guo Guangchang 263.2 male 47 Fosun international raw materials, real estate, pharmaceutical and biotechnology Diversified finance
26 Wang Wei 257 male / SF express logistics
27 Liang Wengen 244.8 male 57 Sany group instrial equipment
28 Lu Zhiqiang 232.6 male 62 pan Hai Group diversified finance and real estate
28 sun Guangxin 232.6 male 51 Xinjiang Guanghui instrial investment (Group) energy Trade and real estate
30 Liu Yonghao family 226.4 male 63 new hope group raw materials, real estate, diversified finance Petrochemicals
30 Zhang Xin couple 226.4 female 49 SOHO China real estate
32 Gong Hongjia couple 208.1 male 49 Hikvision electronic procts manufacturing
32 Liu Zhongtian 208.1 male 50 Zhongwang group manufacturing
32 LV Xiangyang 208.1 male 51 Rongjie investment BYD's diversified finance
35 Mr. Jiang Bin and his wife 202 male 48 Geer acoustic electronic procts manufacturing
36 Mr. Pan Zhengmin 195.8 male 44 AAC acoustic technology electronic procts manufacturing
36 Mr. Shi Yuzhu and his daughter 195.8 male 52 giant group pharmaceutical and biotechnology, software and services Diversified finance
36 Wu Yajun 195.8 female 50 Longhu real estate
36 Zhang Jindong 195.8 male 51 Suning yunshang, Suning real estate retail Real estate
40 Qiu Guanghe family 189.7 male 62 Senma clothing rable consumer goods and clothing
40 Wang Yusuo couple 189.7 male 50 Xin'ao group energy, real estate
42 Huang Rulun 183.6 male 63 century Jinyuan Group real estate Diversified finance
43 Huang shizai 177.5 male 63 Greater China International Real Estate
44 Li Li and his wife 165.2 male 50 haipuri pharmaceutical and biotechnology
44 Ye Chenghai family 165.2 male 71 xinlitai pharmaceutical and biotechnology
46 pangkang 159.1 male 58 haitianwei food and beverage
47 Che Fengsheng 153 male 51 Sihuan pharmaceutical and biotechnology
47 Chen Fashu 153 male 54 Xinhua Instrial Group retail, diversified finance Real estate
47 Shi Wenbo 153 male 64 Hengan Group rable consumer goods and clothing
50 Fu Liquan couple 149.9 male 47 Dahua Electronic procts manufacturing
50 Ke Xiping couple 149.9 male 54 Xiamen Hengxing Group real estate, raw materials Diversified finance
50 Xu Lianjie 149.9 male 61 Hengan Group rable consumer goods and clothing
53 Li Shufu 146.9 male 51 Geely Group Automobile and auto parts
53 Ma Jianrong 146.9 male 50 Shenzhou International Textile Durable consumer goods and clothing
53 Zhu Xingliang 146.9 male 55 Golden Mantis construction and engineering
56 song composition 143.8 male 67 Shandong Nanshan Group Construction and engineering, textile, real estate Aviation
57 Cao Longxiang family 140.8 male 57 Jichuan Pharmaceutical Group Pharmaceutical and biotechnology
57 Lin Jianhua 140.8 male 52 foster environmental protection and new energy
57 Xie Bing 140.8 male 62 China Bio pharmaceutical pharmaceutical and biotechnology
57 Xue Guanglin 140.8 male 46 Guanghui petroleum stone Petrochemicals
61 Li zhongchu family 137.7 male 51 Shiji information software and services
62 Jiang Rensheng and his son 134.6 male 61 Zhifei biopharmaceutical and biotechnology
63 Zhu linyao 131.6 female 44 Huabao international raw materials
64 Zhu Gongshan 129.7 male 56 GCL environmental protection and new technology Energy
65 Mr. and Mrs. Huang Wei 128.5 male 55 Xinhu Group real estate, diversified finance, raw materials Pharmaceutical and biotechnology
65 Lin Gang 128.5 male 50 kangzhe pharmaceutical holding pharmaceutical and biotechnology
65 Wang Wenwen 128.5 male 47 Huaxia happy real estate
68 sun piaoyang 125.5 male 56 Hengrui pharmaceutical and biotechnology
68 weiqi 125.5 male 59 Tianhe Chemical Petrochemical Co., Ltd Instrial
70 Cai Kui 122.4 male 51 Longhu real estate
70 Shen Guojun 122.4 male 52 Yintai group retail, real estate
70 Yan Bin 122.4 male 60 Huabin International Group real estate, food and beverage, tourism Trade
73 Li Liufa family 119.3 male 57 Tianrui group raw materials, tourism
73 Wang Changtian couple 119.3 male 49 light media
75 Fangwei 116.3 male 41 Liaoning Fangda group raw materials Petrochemical
75 Fu Meicheng couple 116.3 male 57 Huace film and television culture and entertainment
75 jingfu 116.3 male 44 Carnival international real estate
78 Jia Yueting 113.2 male 41 LETV software and services
78 Zheng Jianming 113.2 male / Shunfeng photoelectric environmental protection and new energy
78 80 Chen Jinxia 112 female 46 Yongjin Group diversified finance, pharmacy and biotechnology
81 Cai Dongqing 110.2 male 45 aofei animation culture and entertainment
81 Huang Zhenda family 110.2 male 67 Guangdong liantai group construction and engineering Real estate
81 Xiong Xuqiang and his wife 110.2 male 58 Ningbo Yinyi Group Real Estate Raw materials
84 Xue Xiangdong family 108.9 male 55 Donghua software and services
85 Wu Yiling family 107.7 male 65 Yiling pharmaceutical and biotechnology
86 Liang Yunchao 107.1 male 45 Tomson Beijian pharmaceutical and biotechnology
86 Yang Kai 107.1 male 57 Huishan dairy food Beverage
86 tension 107.1 male 61 Fuli group, power mining real estate, raw materials
89 Zhang Zhirong 106.5 male 45 Hengsheng real estate, Rongsheng heavy instry real estate, manufacturing
90 Feng Hailiang 105.3 male 54 Hailiang group raw materials, real estate, ecation Agriculture
91 Jiang Zhao 104 male 51 Pengxin Group real estate, agriculture Diversified finance
91 Wu Guangming and his son 104 male 52 Yuyue medical and health care equipment and services
91 Zhou Qunfei and his wife 104 female 44 Lanshi technology computer and communication equipment
94 Li Shuirong 101 male 58 Zhejiang Rongsheng holding group raw materials Real estate
94 Zhou Chengjian, father and daughter 101, male 49, Meibang clothing, rable consumer goods and clothing
ranking name wealth (100 million yuan) sex age company instry
1 Ma Yun 1193.4 men 50 Alibaba software and Internet
2
3 Ma Huateng 881.3 men 43 Tencent software and Internet
4 Wang Jianlin 807.8 male, 60 Dalian Wanda Group real estate
5 Li Hejun 795.6 male, 47 hanergy holding group energy
6 Zong Qinghou 673.2 male, 69 Wahaha Group Food and beverage
7 Wang Wenyin 612 male, 46 Zhengwei International raw materials
6 />8 Lei Jun 556.9 male 44 Xiaomi technology computer and communication equipment, diversified finance
9 he Hengjian 459 male 72 Midea Group rable consumer goods and clothing
10 Liu qiangdong 434.5 male 40 Jingdong Mall software and Internet
11 Liu Yongxing 397.8 male 66 Oriental hope group raw materials Petrochemical instry Diversified finance
12 Wang Jing 391.7 male 41 Xinwei group computer and communication equipment
13 Chen Lihua family 373.3 female 73 Fuhua International Group real estate
14 Wei Jianjun 367.2 male 50 Great Wall Motors and auto parts
15 Xu Jiayin 361.1 male 56 Evergrande Group Real Estate Proction, agriculture, food and beverage, sports
16 Lu Guanqiu father and son 330.5 male 69 Wanxiang Group Automobile and auto parts, raw materials, real estate Diversified finance
16 Xu Rongmao 330.5 male 64 Shimao Group real estate
18 Zhang Zhidong 318.2 male 42 Tencent software and Internet
19 Ding Lei 299.9 male 43 Netease software and Internet
19 Yang Huiyan 299.9 female 33 Country Garden real estate
21 Tong Jinquan 293 8 male 59 Changfeng real estate
22 Wang Chuanfu 287.6 male 48 BYD automobile and auto parts, environmental protection and new energy
23 Zhang Shiping family 269.3 male 67 China Hongqiao group, Shandong Weiqiao venture group raw materials Textile
23 Zhou Jianping family 269.3 male 54 Hailan group rable consumer goods and clothing
25 Guo Guangchang 263.2 male 47 Fosun international raw materials, real estate, pharmaceutical and biotechnology Diversified finance
26 Wang Wei 257 male / SF express logistics
27 Liang Wengen 244.8 male 57 Sany group instrial equipment
28 Lu Zhiqiang 232.6 male 62 pan Hai Group diversified finance and real estate
28 sun Guangxin 232.6 male 51 Xinjiang Guanghui instrial investment (Group) energy Trade and real estate
30 Liu Yonghao family 226.4 male 63 new hope group raw materials, real estate, diversified finance Petrochemicals
30 Zhang Xin couple 226.4 female 49 SOHO China real estate
32 Gong Hongjia couple 208.1 male 49 Hikvision electronic procts manufacturing
32 Liu Zhongtian 208.1 male 50 Zhongwang group manufacturing
32 LV Xiangyang 208.1 male 51 Rongjie investment BYD's diversified finance
35 Mr. Jiang Bin and his wife 202 male 48 Geer acoustic electronic procts manufacturing
36 Mr. Pan Zhengmin 195.8 male 44 AAC acoustic technology electronic procts manufacturing
36 Mr. Shi Yuzhu and his daughter 195.8 male 52 giant group pharmaceutical and biotechnology, software and services Diversified finance
36 Wu Yajun 195.8 female 50 Longhu real estate
36 Zhang Jindong 195.8 male 51 Suning yunshang, Suning real estate retail Real estate
40 Qiu Guanghe family 189.7 male 62 Senma clothing rable consumer goods and clothing
40 Wang Yusuo couple 189.7 male 50 Xin'ao group energy, real estate
42 Huang Rulun 183.6 male 63 century Jinyuan Group real estate Diversified finance
43 Huang shizai 177.5 male 63 Greater China International Real Estate
44 Li Li and his wife 165.2 male 50 haipuri pharmaceutical and biotechnology
44 Ye Chenghai family 165.2 male 71 xinlitai pharmaceutical and biotechnology
46 pangkang 159.1 male 58 haitianwei food and beverage
47 Che Fengsheng 153 male 51 Sihuan pharmaceutical and biotechnology
47 Chen Fashu 153 male 54 Xinhua Instrial Group retail, diversified finance Real estate
47 Shi Wenbo 153 male 64 Hengan Group rable consumer goods and clothing
50 Fu Liquan couple 149.9 male 47 Dahua Electronic procts manufacturing
50 Ke Xiping couple 149.9 male 54 Xiamen Hengxing Group real estate, raw materials Diversified finance
50 Xu Lianjie 149.9 male 61 Hengan Group rable consumer goods and clothing
53 Li Shufu 146.9 male 51 Geely Group Automobile and auto parts
53 Ma Jianrong 146.9 male 50 Shenzhou International Textile Durable consumer goods and clothing
53 Zhu Xingliang 146.9 male 55 Golden Mantis construction and engineering
56 song composition 143.8 male 67 Shandong Nanshan Group Construction and engineering, textile, real estate Aviation
57 Cao Longxiang family 140.8 male 57 Jichuan Pharmaceutical Group Pharmaceutical and biotechnology
57 Lin Jianhua 140.8 male 52 foster environmental protection and new energy
57 Xie Bing 140.8 male 62 China Bio pharmaceutical pharmaceutical and biotechnology
57 Xue Guanglin 140.8 male 46 Guanghui petroleum stone Petrochemicals
61 Li zhongchu family 137.7 male 51 Shiji information software and services
62 Jiang Rensheng and his son 134.6 male 61 Zhifei biopharmaceutical and biotechnology
63 Zhu linyao 131.6 female 44 Huabao international raw materials
64 Zhu Gongshan 129.7 male 56 GCL environmental protection and new technology Energy
65 Mr. and Mrs. Huang Wei 128.5 male 55 Xinhu Group real estate, diversified finance, raw materials Pharmaceutical and biotechnology
65 Lin Gang 128.5 male 50 kangzhe pharmaceutical holding pharmaceutical and biotechnology
65 Wang Wenwen 128.5 male 47 Huaxia happy real estate
68 sun piaoyang 125.5 male 56 Hengrui pharmaceutical and biotechnology
68 weiqi 125.5 male 59 Tianhe Chemical Petrochemical Co., Ltd Instrial
70 Cai Kui 122.4 male 51 Longhu real estate
70 Shen Guojun 122.4 male 52 Yintai group retail, real estate
70 Yan Bin 122.4 male 60 Huabin International Group real estate, food and beverage, tourism Trade
73 Li Liufa family 119.3 male 57 Tianrui group raw materials, tourism
73 Wang Changtian couple 119.3 male 49 light media
75 Fangwei 116.3 male 41 Liaoning Fangda group raw materials Petrochemical
75 Fu Meicheng couple 116.3 male 57 Huace film and television culture and entertainment
75 jingfu 116.3 male 44 Carnival international real estate
78 Jia Yueting 113.2 male 41 LETV software and services
78 Zheng Jianming 113.2 male / Shunfeng photoelectric environmental protection and new energy
78 80 Chen Jinxia 112 female 46 Yongjin Group diversified finance, pharmacy and biotechnology
81 Cai Dongqing 110.2 male 45 aofei animation culture and entertainment
81 Huang Zhenda family 110.2 male 67 Guangdong liantai group construction and engineering Real estate
81 Xiong Xuqiang and his wife 110.2 male 58 Ningbo Yinyi Group Real Estate Raw materials
84 Xue Xiangdong family 108.9 male 55 Donghua software and services
85 Wu Yiling family 107.7 male 65 Yiling pharmaceutical and biotechnology
86 Liang Yunchao 107.1 male 45 Tomson Beijian pharmaceutical and biotechnology
86 Yang Kai 107.1 male 57 Huishan dairy food Beverage
86 tension 107.1 male 61 Fuli group, power mining real estate, raw materials
89 Zhang Zhirong 106.5 male 45 Hengsheng real estate, Rongsheng heavy instry real estate, manufacturing
90 Feng Hailiang 105.3 male 54 Hailiang group raw materials, real estate, ecation Agriculture
91 Jiang Zhao 104 male 51 Pengxin Group real estate, agriculture Diversified finance
91 Wu Guangming and his son 104 male 52 Yuyue medical and health care equipment and services
91 Zhou Qunfei and his wife 104 female 44 Lanshi technology computer and communication equipment
94 Li Shuirong 101 male 58 Zhejiang Rongsheng holding group raw materials Real estate
94 Zhou Chengjian, father and daughter 101, male 49, Meibang clothing, rable consumer goods and clothing
7. Please look at the list first. If you have 10 billion yuan, you will be ranked 41st, behind Ma Huateng. Brother, come on, try to surpass him! Let him back in 2009! My QQ number!!!!!!!!! Now I haven't come back<
2008 ranking 2006 ranking name gender age 2008 fortune (RMB 100 million) company name headquarters city main instries
1 / Yang Huiyan female 26 1211.5 country garden Guangdong Foshan real estate
2 2 Xu Rongmao male 57 544.3 Shimao Group Shanghai / Hong Kong real estate
3 9 Guo Guangchang male 40 362.3 Fosun International Shanghai steel Railway, real estate, medicine, retail Finance
4.6 tension male 54 358.8 Fuli Group Guangdong Guangzhou real estate
5.19 Near East male 44 336.1 Suning Appliance Jiangsu Nanjing home appliance retail
6 / Peng Xiaofeng male 32 286.6 Seville LDK solar Jiangxi Xinyu solar
7 235 Zhang xinnv 42 285.3 SOHO China Beijing real estate
8 66 Lu Zhiqiang male 56 279.8 China oceanwide Holdings Group Beijing Finance and real estate
9 3 Rong Zhijian male 65 272.2 CITIC Pacific Hong Kong infrastructure, special steel, aviation Power generation and other diversified groups
10 1 Huang Guangyu male 38 271.5 Pengrun investment in Beijing home appliance retail
11 5 Zhang Yinnv 50 253.5 Jiulong paper instry Guangdong Dongguan paper instry
12 11 Liu Yonghao male 56 237.5 New Hope Group Sichuan Cheng feed, real estate, finance
13 4 Zhu Mengyi male 48 221.7 Hesheng exhibition Pearl River Investment in Guangdong Guangzhou real estate
14 / Yang Erzhu male 56 207.7 country garden Guangdong Foshan real estate
15 362 Huang Weinan 48 207.1 Zhejiang Xinhu Group Zhejiang Hangzhou energy transportation, marine resources, real estate
16 29 Chen Fashu male 46 199.3 Xinhua capital instry Fujian Fuzhou gold and non ferrous metals, chain retail Real estate
17 59 Liang Wengen male 51 196.5 Sany Group Hunan Changsha heavy machinery manufacturing
18 / Kong Jianmin male 39 184.4 Hejing Taifu Guangdong Guangzhou real estate
19 32 Cao Dewang male 62 181.9 Fuyao Group Fujian Fuqing auto glass
20 8 Liu Yongxing male 59 180.8 Dongfang Hope Group Shanghai feed
21 26 Li Yan Hongnan 39 175.9 Internet search engine in Beijing
22 17 Zhang Chengfei male 39 171.4 Jiulong Paper Co., Ltd. Guangdong Dongguan Paper Co., Ltd.
23 22 Lin Linan 44 168.3 Shenzhen Liye Group Guangdong Shenzhen insurance, medicine, power transformer, finance
24 149 Shi Yuzhu male 45 167.5 Juren Group Shanghai health procts Online game
25 20 Chen Zhuolin male 44 156.5 Yajule real estate Guangdong Zhongshan real estate
26 43 Zhang Songqiao male 43 155 Zhongyu instrial Hong Kong real estate
27 176 Liu Canglong male 51 151.5 Sichuan Hongda Sichuan Cheng metallurgy Chemical instry
28 115 Zhang Guiping male 56 149.7 Suning Global Group Jiangsu Nanjing real estate
29 13 Zhu linyao female 38 138.2 Huabao International Hong Kong electronic consumer procts and fine chemical procts trade
30 / Miao Liansheng male 51 137.6 Tianwei Yingli new energy Hebei Baoding taiyangneng
31 54 Liang Xinjun male 39 137.4 Fosun International Shanghai steel Railway, real estate, medicine, retail Finance
32 / xianyangnan 33 131.9 Hengding instry Sichuan Panhua coal
33 10 Lu Guanqiu Nan 62 131.3 Wanxiang Group Zhejiang Hangzhou Auto Parts
34 120 he Hengjian Nan 65 131.2 Midea Group Guangdong Foshan household appliances
35 342 Gao Dekang Nan 55 120.8 bosiden Jiangsu Changshu clothing
36 34 Li Xinyan Male 56 119.8 China Longgong Shanghai Heavy Machinery Manufacturing Co., Ltd.
37 / Su Rubo male 52 103.8 country garden Guangdong Foshan real estate
37 / Qu Xueming male 57 103.8 country garden Guangdong Foshan real estate
37 / Zhang YaoYuan male 61 103.8 country garden Guangdong Foshan real estate
40 35 Ma Huateng male 36 101.9 Tencent Guangdong Shenzhen real estate Co., Ltd Communications, portals, online games
41 / Zhang Keqiang, male 47 97.5 Poly Real estate, Guangdong Guangzhou trade, real estate, investment
41 58 Wang Chuanfu, male 41 97.5 BYD, Guangdong Shenzhen battery, it parts Automobile
41 52 Xu Jiayin male 49 97.5 Evergrande Group Guangdong Guangzhou real estate
41 60 Zhang Zhixiang male 40 97.5 Jianlong steel Beijing steel
41 27 song Weiping and Xia Yibo male / female 49 / - 97.5 Greentown Group Zhejiang Hangzhou real estate
41 66 Huang Rulun male 56 97.5 century Jinyuan Group Beijing real estate Investment
41 / Mr. and Mrs. Chen Yihong 49 97.5 China trend Beijing sportswear
48 / Mr. Ke Xiping 48 93.8 Hengxing instry Fujian Xiamen investment Mining instry
49 30 Shen Wenrong male 61 90 Jiangsu Shagang Group Jiangsu Zhangjiagang steel
49 51 Li Ning family male 44 90 Li Ning Company Beijing sporting goods
51 24 Zhu Yicai male 43 87.7 Yurun Group Jiangsu Nanjing food and real estate
2008 ranking 2006 ranking name gender age 2008 fortune (RMB 100 million) company name headquarters city main instries
1 / Yang Huiyan female 26 1211.5 country garden Guangdong Foshan real estate
2 2 Xu Rongmao male 57 544.3 Shimao Group Shanghai / Hong Kong real estate
3 9 Guo Guangchang male 40 362.3 Fosun International Shanghai steel Railway, real estate, medicine, retail Finance
4.6 tension male 54 358.8 Fuli Group Guangdong Guangzhou real estate
5.19 Near East male 44 336.1 Suning Appliance Jiangsu Nanjing home appliance retail
6 / Peng Xiaofeng male 32 286.6 Seville LDK solar Jiangxi Xinyu solar
7 235 Zhang xinnv 42 285.3 SOHO China Beijing real estate
8 66 Lu Zhiqiang male 56 279.8 China oceanwide Holdings Group Beijing Finance and real estate
9 3 Rong Zhijian male 65 272.2 CITIC Pacific Hong Kong infrastructure, special steel, aviation Power generation and other diversified groups
10 1 Huang Guangyu male 38 271.5 Pengrun investment in Beijing home appliance retail
11 5 Zhang Yinnv 50 253.5 Jiulong paper instry Guangdong Dongguan paper instry
12 11 Liu Yonghao male 56 237.5 New Hope Group Sichuan Cheng feed, real estate, finance
13 4 Zhu Mengyi male 48 221.7 Hesheng exhibition Pearl River Investment in Guangdong Guangzhou real estate
14 / Yang Erzhu male 56 207.7 country garden Guangdong Foshan real estate
15 362 Huang Weinan 48 207.1 Zhejiang Xinhu Group Zhejiang Hangzhou energy transportation, marine resources, real estate
16 29 Chen Fashu male 46 199.3 Xinhua capital instry Fujian Fuzhou gold and non ferrous metals, chain retail Real estate
17 59 Liang Wengen male 51 196.5 Sany Group Hunan Changsha heavy machinery manufacturing
18 / Kong Jianmin male 39 184.4 Hejing Taifu Guangdong Guangzhou real estate
19 32 Cao Dewang male 62 181.9 Fuyao Group Fujian Fuqing auto glass
20 8 Liu Yongxing male 59 180.8 Dongfang Hope Group Shanghai feed
21 26 Li Yan Hongnan 39 175.9 Internet search engine in Beijing
22 17 Zhang Chengfei male 39 171.4 Jiulong Paper Co., Ltd. Guangdong Dongguan Paper Co., Ltd.
23 22 Lin Linan 44 168.3 Shenzhen Liye Group Guangdong Shenzhen insurance, medicine, power transformer, finance
24 149 Shi Yuzhu male 45 167.5 Juren Group Shanghai health procts Online game
25 20 Chen Zhuolin male 44 156.5 Yajule real estate Guangdong Zhongshan real estate
26 43 Zhang Songqiao male 43 155 Zhongyu instrial Hong Kong real estate
27 176 Liu Canglong male 51 151.5 Sichuan Hongda Sichuan Cheng metallurgy Chemical instry
28 115 Zhang Guiping male 56 149.7 Suning Global Group Jiangsu Nanjing real estate
29 13 Zhu linyao female 38 138.2 Huabao International Hong Kong electronic consumer procts and fine chemical procts trade
30 / Miao Liansheng male 51 137.6 Tianwei Yingli new energy Hebei Baoding taiyangneng
31 54 Liang Xinjun male 39 137.4 Fosun International Shanghai steel Railway, real estate, medicine, retail Finance
32 / xianyangnan 33 131.9 Hengding instry Sichuan Panhua coal
33 10 Lu Guanqiu Nan 62 131.3 Wanxiang Group Zhejiang Hangzhou Auto Parts
34 120 he Hengjian Nan 65 131.2 Midea Group Guangdong Foshan household appliances
35 342 Gao Dekang Nan 55 120.8 bosiden Jiangsu Changshu clothing
36 34 Li Xinyan Male 56 119.8 China Longgong Shanghai Heavy Machinery Manufacturing Co., Ltd.
37 / Su Rubo male 52 103.8 country garden Guangdong Foshan real estate
37 / Qu Xueming male 57 103.8 country garden Guangdong Foshan real estate
37 / Zhang YaoYuan male 61 103.8 country garden Guangdong Foshan real estate
40 35 Ma Huateng male 36 101.9 Tencent Guangdong Shenzhen real estate Co., Ltd Communications, portals, online games
41 / Zhang Keqiang, male 47 97.5 Poly Real estate, Guangdong Guangzhou trade, real estate, investment
41 58 Wang Chuanfu, male 41 97.5 BYD, Guangdong Shenzhen battery, it parts Automobile
41 52 Xu Jiayin male 49 97.5 Evergrande Group Guangdong Guangzhou real estate
41 60 Zhang Zhixiang male 40 97.5 Jianlong steel Beijing steel
41 27 song Weiping and Xia Yibo male / female 49 / - 97.5 Greentown Group Zhejiang Hangzhou real estate
41 66 Huang Rulun male 56 97.5 century Jinyuan Group Beijing real estate Investment
41 / Mr. and Mrs. Chen Yihong 49 97.5 China trend Beijing sportswear
48 / Mr. Ke Xiping 48 93.8 Hengxing instry Fujian Xiamen investment Mining instry
49 30 Shen Wenrong male 61 90 Jiangsu Shagang Group Jiangsu Zhangjiagang steel
49 51 Li Ning family male 44 90 Li Ning Company Beijing sporting goods
51 24 Zhu Yicai male 43 87.7 Yurun Group Jiangsu Nanjing food and real estate
8. In short, the appreciation of the currency leads to the increase of the cost of export goods, thus restraining exports; On the contrary, promote imports. But the impact of currency appreciation goes far beyond that. The following is an explanation from the perspective of instry:
the appreciation of RMB will benefit the instries that mainly rely on foreign procurement of raw materials or equipment, or have high liquidity of RMB assets in the long run; For instries with large foreign debts in US dollars, one-time exchange earnings will be generated; The impact on the export-oriented instries and international pricing instries is greater
import of raw materials and instries with high foreign currency liabilities
appreciation is good for instries that mainly rely on foreign procurement of raw materials or equipment, or have large foreign debts, such as aviation, paper making, electric power, construction machinery, etc
in the aviation instry, the appreciation of RMB will greatly rece the purchase cost of aircraft, aviation fuel and other imported goods, and at the same time, the large amount of foreign debt denominated in US dollars will be significantly reced. It is estimated that the US dollar liabilities of China's civil aviation instry are about US $6 billion. A 5% rise in the exchange rate of RMB against the US dollar will bring us $300 million in exchange earnings, and 10% will bring us $600 million, equivalent to about RMB 2.5 billion and 5 billion. Take China Southern Airlines as an example, RMB appreciation of 1% against the US dollar will increase earnings per share by 0.03 yuan. In addition, imports of US aircraft, aviation materials, fuel, etc. will rece RMB expenditure and rece operating costs e to the appreciation of the US dollar. However, for international airlines and China Eastern Airlines, which operate more international routes, the appreciation of RMB will rece their income from international routes, especially from the US dollar zone, which is a negative impact< The appreciation of RMB will make it cheaper for domestic paper enterprises to import pulp, waste paper and other important raw materials as well as machinery and equipment, which will help enterprises rece costs; But at the same time, it also makes the imported finished paper cheaper, which may have a certain impact on the domestic paper price. Generally speaking, the raw materials used in the proction of high-grade paper (such as color offset newsprint, coated paper, light coated paper, high-grade packaging paper, such as white cardboard, etc.) are mostly imported wood pulp and waste paper, while the traditional writing paper, cultural paper, low-grade packaging paper, etc. are mostly domestic straw pulp and wood pulp. Therefore, RMB appreciation can only rece the cost of high-grade paper, but has no effect on low-grade paper
in the power instry, the cost of imported power equipment and fuel will decrease, and the book exchange earnings of companies with us dollar liabilities will increase. The impact of RMB exchange rate adjustment on power enterprises is shown in the following aspects:
in terms of investment in power equipment, the thermal power generating units below 300000 kW are all domestic equipment, while some large oil and gas generating units are still imported from abroad. For example, the main model PG9171E of Shennan power company is 2 * 120000 kW, and the price of main engine is about 400 million yuan, up 5%, The import cost will be reced by 20 million yuan. For the enterprises purchasing foreign units, the overall purchasing cost will be reced, resulting in a slight decrease in depreciation
in terms of revenue, the businesses of power companies are all priced in RMB in China, which is not affected. Some auto parts of Shaoneng Co., Ltd. are exported to the United States, which is close to US $3 million. The appreciation of RMB has a certain negative impact on it
in terms of fuel cost, domestic power generation enterprises use domestic power coal except Huaneng International has few imported coal. The company imports 600000 tons of heavy oil and 600000 tons of light oil every year. The foreign exchange value of the company is 1.2 billion yuan, with an increase of 5% in RMB. The cost is reced by 60 million yuan, the net profit is increased by 50 million yuan, and the earnings per share is increased by 9 cents
in terms of foreign debt, Guiguan power has a remaining foreign debt of 12 million US dollars, RMB appreciation of 5%, debt rection of 5 million, exchange gains and losses affect the earnings per share of the year by 0.6 points. Other companies such as Shenneng shares, Guodian power and Shanghai electric power also have some foreign debts, but these companies all claim that they have done hedging, which has little impact
construction machinery instry
RMB appreciation has more advantages than disadvantages for listed companies in the construction machinery instry. In the proction of excavators, pump trucks and loaders, some spare parts are purchased from abroad. Therefore, the appreciation of RMB will rece the company's import procurement costs, which is beneficial to the company's operation
in terms of export, at present, the export share of Listed Companies in construction machinery instry is less than 10% of the company's annual main business income. At the same time, the price difference between domestic procts and foreign procts is more than one third. Therefore, RMB appreciation of 5 percentage points has a weak impact on the cost performance of procts, and almost does not affect the export demand
capital inflow is good for the real estate and financial instry
in the process of appreciation, the real estate and financial instry will attract a large number of international hot money inflow e to its good liquidity and liquidity, thus benefiting the relevant listed companies
real estate instry
the impact of RMB appreciation on the real estate instry will be mainly reflected through the following channels
capital inflow effect: the appreciation of RMB generally means that the domestic economy as a whole is better, there are many investment opportunities, and the income level is relatively considerable (at least additional exchange income). Therefore, a large number of foreign capital will enter the domestic market through various channels, and the stock market and real estate market will become the places where these funds are concentrated e to their good liquidity, Finally, it led to the rise of the stock market and the rise of the real estate price, which was more obvious in the markets of China and Taiwan. Although China's foreign exchange control is relatively strict, judging from the inflow of foreign capital in 2003, this trend is also taking shape: at the end of 2003, China's foreign exchange reserves increased by about 116.9 billion US dollars, but the trade surplus was only 25.53 billion US dollars, the foreign direct investment was about 57 billion US dollars (estimated by LV Fuyuan), and the gap was about 34.4 billion US dollars, in which there may be a large amount of speculative funds, Moreover, in foreign direct investment, we can not rule out changing the direction of investment. Considering the amplification effect of this part of funds, we can not underestimate the impact on the whole economy
wealth effect: e to the abundant capital, the rise of the stock market and the prosperity of the overall economy, the income level of residents will be greatly improved, and then stimulate people to form a strong wealth effect. As the main focus of consumption upgrading, real estate will be sought after by everyone, so as to enhance the effective demand for real estate*** During 1985-1990, when the yen appreciated the most, the stock market and real estate market also rose the most
expected effect: we believe that when evaluating the impact of appreciation, we should attach great importance to people's psychological factors. People's profit seeking psychology and herd psychology are very common, and will be fully displayed with the warming of the market, which will play a significant role in boosting the rise of capital market and real estate prices
financial instry
RMB appreciation has little impact on the banking instry, but has a greater positive impact on the securities instry. At present, the foreign exchange deposit and loan business of listed joint-stock commercial banks accounts for a relatively small proportion. Taking CMB as an example, at the end of 2003, the company's US dollar foreign exchange assets were US $4889 million, other currency assets were about RMB 14.1 billion, accounting for about 11% of the total assets, including US dollar foreign exchange liabilities of US $4.699 billion and exchange rate risk exposure of US $190 million. If it is simply calculated, the impact of RMB appreciation on it is very small. Assuming that RMB appreciation is 5%, about 78.85 million yuan of earnings will be directly reced, equivalent to 0.01 yuan of earnings per share. Shanghai Pudong Development Bank's foreign exchange assets account for only about 7%, and the impact of appreciation is relatively small
the appreciation of RMB will have an important impact on the capital market, which can be learned from the appreciation process of local currency in Taiwan and other countries or regions. We believe that before or at the beginning of the appreciation, international hot money and speculative capital will graally intervene in the stock market, creating a relatively loose capital environment for the rise of the stock market. Therefore, CITIC Securities is expected to benefit from it<
export and international pricing instries are greatly affected
weaken the competitiveness of export-oriented instries
for export-oriented instries and listed companies, RMB appreciation will greatly weaken the competitive advantage of procts and have a greater impact on the company's performance. Such as foreign trade, textile and clothing, home appliances and other instries
foreign trade instry
the profit level of foreign trade enterprises has been very low e to the rection of export tax rebate. Many enterprises only increase sales through export in order to rece the fixed cost of unit proct, so there is little room for further price rection. Therefore, the competitiveness of our procts will be greatly affected. From the perspective of profit, because foreign trade enterprises are in a weak position in the instrial chain, it is difficult for import business to obtain excess profits from RMB appreciation, but export business will suffer heavy losses. Therefore, after the impact of export tax rebate rection, if RMB further appreciation, most foreign trade enterprises will be on the edge of loss
textile and garment instry
China's textile and garment instry is highly dependent on foreign countries and sensitive to exchange rate changes. In 2003, the total output value of the textile and garment instry exceeded 120 billion yuan, of which the export value was 80 billion US dollars, accounting for 55% of the instry's income, and 18.36% of the national export value, making it the largest foreign exchange earning instry in China. The export procts of textile instry are mostly settled in US dollars. If RMB appreciation, the RMB income of export procts will decrease. Due to the low concentration of domestic textile and garment instry and fierce competition, it is difficult for companies to transfer the negative effect of RMB appreciation to customers. If the exchange rate is adjusted by 5 percentage points in 2005, the enterprises should absorb at least 3-4 percentage points by themselves, so as to rece the export gross profit rate by 3-4 percentage points. Therefore, the appreciation of RMB has a great negative impact on listed textile and garment companies
household appliance instry
the impact of RMB appreciation on Listed Companies in household appliance instry needs to consider three main aspects: exchange losses or gains caused by foreign exchange deposits and liabilities, decline in export profits and decline in export demand
household appliance enterprises have almost no foreign currency debt, which can be ignored; Most of the foreign currency deposits disclosed in the financial statements are foreign exchange margin, the risk of settlement of foreign exchange is controllable, and the exchange loss is one-time, which only has an impact on the current year's performance; In fact, the exchange loss with greater risk comes from the foreign currency receivables in the accounts receivable. Since the statement disclosure converts them into the total disclosure of RMB and domestic receivables, it is impossible to determine the actual foreign currency receivables of each company, so it is impossible to estimate the impact of this part (the attached table is only estimated according to the foreign currency deposits disclosed in the statement). Communication with some companies learned that the bank provides relevant settlement tools to help enterprises settle foreign exchange in advance and lock in exchange losses. Generally speaking, the risk of export is greater than that of companies with large export volume and poor recovery, such as Sichuan Changhong
the transmission mechanism of the impact of export on profit is: the demand of manufacturers for export sales makes the pricing power of procts weak. As a result, the appreciation of RMB leads to the decline of proct prices, while the domestic procurement cost remains unchanged, resulting in the decline of profit
the decline of export demand is difficult to measure because it is influenced by the export market strategy of enterprises: in order to ensure the price competitiveness of exports, enterprises pursue the strategy of price rection and appreciation, so the decline of export market demand may not be obvious; If the price rection rate of export is lower than the appreciation rate of RMB, the export competitiveness will decline compared with low-cost regions such as Southeast Asia. We expect that for key listed companies, the former is more likely. Because of its position in the global supply chain
the appreciation of RMB will benefit the instries that mainly rely on foreign procurement of raw materials or equipment, or have high liquidity of RMB assets in the long run; For instries with large foreign debts in US dollars, one-time exchange earnings will be generated; The impact on the export-oriented instries and international pricing instries is greater
import of raw materials and instries with high foreign currency liabilities
appreciation is good for instries that mainly rely on foreign procurement of raw materials or equipment, or have large foreign debts, such as aviation, paper making, electric power, construction machinery, etc
in the aviation instry, the appreciation of RMB will greatly rece the purchase cost of aircraft, aviation fuel and other imported goods, and at the same time, the large amount of foreign debt denominated in US dollars will be significantly reced. It is estimated that the US dollar liabilities of China's civil aviation instry are about US $6 billion. A 5% rise in the exchange rate of RMB against the US dollar will bring us $300 million in exchange earnings, and 10% will bring us $600 million, equivalent to about RMB 2.5 billion and 5 billion. Take China Southern Airlines as an example, RMB appreciation of 1% against the US dollar will increase earnings per share by 0.03 yuan. In addition, imports of US aircraft, aviation materials, fuel, etc. will rece RMB expenditure and rece operating costs e to the appreciation of the US dollar. However, for international airlines and China Eastern Airlines, which operate more international routes, the appreciation of RMB will rece their income from international routes, especially from the US dollar zone, which is a negative impact< The appreciation of RMB will make it cheaper for domestic paper enterprises to import pulp, waste paper and other important raw materials as well as machinery and equipment, which will help enterprises rece costs; But at the same time, it also makes the imported finished paper cheaper, which may have a certain impact on the domestic paper price. Generally speaking, the raw materials used in the proction of high-grade paper (such as color offset newsprint, coated paper, light coated paper, high-grade packaging paper, such as white cardboard, etc.) are mostly imported wood pulp and waste paper, while the traditional writing paper, cultural paper, low-grade packaging paper, etc. are mostly domestic straw pulp and wood pulp. Therefore, RMB appreciation can only rece the cost of high-grade paper, but has no effect on low-grade paper
in the power instry, the cost of imported power equipment and fuel will decrease, and the book exchange earnings of companies with us dollar liabilities will increase. The impact of RMB exchange rate adjustment on power enterprises is shown in the following aspects:
in terms of investment in power equipment, the thermal power generating units below 300000 kW are all domestic equipment, while some large oil and gas generating units are still imported from abroad. For example, the main model PG9171E of Shennan power company is 2 * 120000 kW, and the price of main engine is about 400 million yuan, up 5%, The import cost will be reced by 20 million yuan. For the enterprises purchasing foreign units, the overall purchasing cost will be reced, resulting in a slight decrease in depreciation
in terms of revenue, the businesses of power companies are all priced in RMB in China, which is not affected. Some auto parts of Shaoneng Co., Ltd. are exported to the United States, which is close to US $3 million. The appreciation of RMB has a certain negative impact on it
in terms of fuel cost, domestic power generation enterprises use domestic power coal except Huaneng International has few imported coal. The company imports 600000 tons of heavy oil and 600000 tons of light oil every year. The foreign exchange value of the company is 1.2 billion yuan, with an increase of 5% in RMB. The cost is reced by 60 million yuan, the net profit is increased by 50 million yuan, and the earnings per share is increased by 9 cents
in terms of foreign debt, Guiguan power has a remaining foreign debt of 12 million US dollars, RMB appreciation of 5%, debt rection of 5 million, exchange gains and losses affect the earnings per share of the year by 0.6 points. Other companies such as Shenneng shares, Guodian power and Shanghai electric power also have some foreign debts, but these companies all claim that they have done hedging, which has little impact
construction machinery instry
RMB appreciation has more advantages than disadvantages for listed companies in the construction machinery instry. In the proction of excavators, pump trucks and loaders, some spare parts are purchased from abroad. Therefore, the appreciation of RMB will rece the company's import procurement costs, which is beneficial to the company's operation
in terms of export, at present, the export share of Listed Companies in construction machinery instry is less than 10% of the company's annual main business income. At the same time, the price difference between domestic procts and foreign procts is more than one third. Therefore, RMB appreciation of 5 percentage points has a weak impact on the cost performance of procts, and almost does not affect the export demand
capital inflow is good for the real estate and financial instry
in the process of appreciation, the real estate and financial instry will attract a large number of international hot money inflow e to its good liquidity and liquidity, thus benefiting the relevant listed companies
real estate instry
the impact of RMB appreciation on the real estate instry will be mainly reflected through the following channels
capital inflow effect: the appreciation of RMB generally means that the domestic economy as a whole is better, there are many investment opportunities, and the income level is relatively considerable (at least additional exchange income). Therefore, a large number of foreign capital will enter the domestic market through various channels, and the stock market and real estate market will become the places where these funds are concentrated e to their good liquidity, Finally, it led to the rise of the stock market and the rise of the real estate price, which was more obvious in the markets of China and Taiwan. Although China's foreign exchange control is relatively strict, judging from the inflow of foreign capital in 2003, this trend is also taking shape: at the end of 2003, China's foreign exchange reserves increased by about 116.9 billion US dollars, but the trade surplus was only 25.53 billion US dollars, the foreign direct investment was about 57 billion US dollars (estimated by LV Fuyuan), and the gap was about 34.4 billion US dollars, in which there may be a large amount of speculative funds, Moreover, in foreign direct investment, we can not rule out changing the direction of investment. Considering the amplification effect of this part of funds, we can not underestimate the impact on the whole economy
wealth effect: e to the abundant capital, the rise of the stock market and the prosperity of the overall economy, the income level of residents will be greatly improved, and then stimulate people to form a strong wealth effect. As the main focus of consumption upgrading, real estate will be sought after by everyone, so as to enhance the effective demand for real estate*** During 1985-1990, when the yen appreciated the most, the stock market and real estate market also rose the most
expected effect: we believe that when evaluating the impact of appreciation, we should attach great importance to people's psychological factors. People's profit seeking psychology and herd psychology are very common, and will be fully displayed with the warming of the market, which will play a significant role in boosting the rise of capital market and real estate prices
financial instry
RMB appreciation has little impact on the banking instry, but has a greater positive impact on the securities instry. At present, the foreign exchange deposit and loan business of listed joint-stock commercial banks accounts for a relatively small proportion. Taking CMB as an example, at the end of 2003, the company's US dollar foreign exchange assets were US $4889 million, other currency assets were about RMB 14.1 billion, accounting for about 11% of the total assets, including US dollar foreign exchange liabilities of US $4.699 billion and exchange rate risk exposure of US $190 million. If it is simply calculated, the impact of RMB appreciation on it is very small. Assuming that RMB appreciation is 5%, about 78.85 million yuan of earnings will be directly reced, equivalent to 0.01 yuan of earnings per share. Shanghai Pudong Development Bank's foreign exchange assets account for only about 7%, and the impact of appreciation is relatively small
the appreciation of RMB will have an important impact on the capital market, which can be learned from the appreciation process of local currency in Taiwan and other countries or regions. We believe that before or at the beginning of the appreciation, international hot money and speculative capital will graally intervene in the stock market, creating a relatively loose capital environment for the rise of the stock market. Therefore, CITIC Securities is expected to benefit from it<
export and international pricing instries are greatly affected
weaken the competitiveness of export-oriented instries
for export-oriented instries and listed companies, RMB appreciation will greatly weaken the competitive advantage of procts and have a greater impact on the company's performance. Such as foreign trade, textile and clothing, home appliances and other instries
foreign trade instry
the profit level of foreign trade enterprises has been very low e to the rection of export tax rebate. Many enterprises only increase sales through export in order to rece the fixed cost of unit proct, so there is little room for further price rection. Therefore, the competitiveness of our procts will be greatly affected. From the perspective of profit, because foreign trade enterprises are in a weak position in the instrial chain, it is difficult for import business to obtain excess profits from RMB appreciation, but export business will suffer heavy losses. Therefore, after the impact of export tax rebate rection, if RMB further appreciation, most foreign trade enterprises will be on the edge of loss
textile and garment instry
China's textile and garment instry is highly dependent on foreign countries and sensitive to exchange rate changes. In 2003, the total output value of the textile and garment instry exceeded 120 billion yuan, of which the export value was 80 billion US dollars, accounting for 55% of the instry's income, and 18.36% of the national export value, making it the largest foreign exchange earning instry in China. The export procts of textile instry are mostly settled in US dollars. If RMB appreciation, the RMB income of export procts will decrease. Due to the low concentration of domestic textile and garment instry and fierce competition, it is difficult for companies to transfer the negative effect of RMB appreciation to customers. If the exchange rate is adjusted by 5 percentage points in 2005, the enterprises should absorb at least 3-4 percentage points by themselves, so as to rece the export gross profit rate by 3-4 percentage points. Therefore, the appreciation of RMB has a great negative impact on listed textile and garment companies
household appliance instry
the impact of RMB appreciation on Listed Companies in household appliance instry needs to consider three main aspects: exchange losses or gains caused by foreign exchange deposits and liabilities, decline in export profits and decline in export demand
household appliance enterprises have almost no foreign currency debt, which can be ignored; Most of the foreign currency deposits disclosed in the financial statements are foreign exchange margin, the risk of settlement of foreign exchange is controllable, and the exchange loss is one-time, which only has an impact on the current year's performance; In fact, the exchange loss with greater risk comes from the foreign currency receivables in the accounts receivable. Since the statement disclosure converts them into the total disclosure of RMB and domestic receivables, it is impossible to determine the actual foreign currency receivables of each company, so it is impossible to estimate the impact of this part (the attached table is only estimated according to the foreign currency deposits disclosed in the statement). Communication with some companies learned that the bank provides relevant settlement tools to help enterprises settle foreign exchange in advance and lock in exchange losses. Generally speaking, the risk of export is greater than that of companies with large export volume and poor recovery, such as Sichuan Changhong
the transmission mechanism of the impact of export on profit is: the demand of manufacturers for export sales makes the pricing power of procts weak. As a result, the appreciation of RMB leads to the decline of proct prices, while the domestic procurement cost remains unchanged, resulting in the decline of profit
the decline of export demand is difficult to measure because it is influenced by the export market strategy of enterprises: in order to ensure the price competitiveness of exports, enterprises pursue the strategy of price rection and appreciation, so the decline of export market demand may not be obvious; If the price rection rate of export is lower than the appreciation rate of RMB, the export competitiveness will decline compared with low-cost regions such as Southeast Asia. We expect that for key listed companies, the former is more likely. Because of its position in the global supply chain
9. The diameter is 39.6 mm and 8195; The thickness is 2.6mm-8195; Weighing 26.5 grams
twelve years in the Republic of China (1923), the Tianjin Mint once sold a "Dragon Phoenix silver coin", with a special design, containing profound features, embracing all directions, and have great originality, which is the essence of the silver coin of the Republic of China.
"Dragon Phoenix silver coin" was originally designed as the national emblem of the Republic of China. In May 1912, Lu Xun, Xu shoushang (Ji Shi) and Qian sun drew up the design of the national emblem of the Republic of China. They jointly studied and designed a "Twelve chapter design" that makes the past serve the present“ "Twelve chapter pattern" means sun, moon, star, Chen, mountain, dragon, Huachong, Zongyi, Zao, FenMi, Fu and Fu. Its connotation is explained as "&" 8943&# 8943; Ancient books can be found on the surface, and their sources are far away. Since the Han and Tang Dynasties. The Sutra teller said: the sun, the moon and the stars should be taken to illuminate, the mountain should be taken to illuminate, the town should be taken, the fault should be taken, and the discrimination should be taken. The most important virtue is comprehensive. From this point of view, it is appropriate to measure it, and it will be the emblem of the Republic of China Due to the design of dragon and phoenix patterns, the authorities recognized with imperial color, was not adopted. Because of its novel design, it was used as a silver coin pattern by Tianjin Mint before the "Dragon Phoenix silver coin" came out. On the front of the coin, there was a "Twelve chapter pattern" in the middle, on the top of which was engraved "made in the twelfth year of the Republic of China", on both sides of the back was Jiahe, with the word "one yuan" written vertically in the middle. These two characters are big and small, so they can be divided into two types: big character version and small character version
in the 12th year of the Republic of China, the silver coin of dragon and phoenix was not issued. It was minted by Tianjin Mint in 1923 and was not used<
valuation
HKD 180000-220000
transaction price
RMB 166842
Special
painting and calligraphy silver coin ceramic jade miscellaneous
auction time
December 28, 2012
auction company
Macao CITIC International Auction Co., Ltd.
auction
autumn 2012 auction
twelve years in the Republic of China (1923), the Tianjin Mint once sold a "Dragon Phoenix silver coin", with a special design, containing profound features, embracing all directions, and have great originality, which is the essence of the silver coin of the Republic of China.
"Dragon Phoenix silver coin" was originally designed as the national emblem of the Republic of China. In May 1912, Lu Xun, Xu shoushang (Ji Shi) and Qian sun drew up the design of the national emblem of the Republic of China. They jointly studied and designed a "Twelve chapter design" that makes the past serve the present“ "Twelve chapter pattern" means sun, moon, star, Chen, mountain, dragon, Huachong, Zongyi, Zao, FenMi, Fu and Fu. Its connotation is explained as "&" 8943&# 8943; Ancient books can be found on the surface, and their sources are far away. Since the Han and Tang Dynasties. The Sutra teller said: the sun, the moon and the stars should be taken to illuminate, the mountain should be taken to illuminate, the town should be taken, the fault should be taken, and the discrimination should be taken. The most important virtue is comprehensive. From this point of view, it is appropriate to measure it, and it will be the emblem of the Republic of China Due to the design of dragon and phoenix patterns, the authorities recognized with imperial color, was not adopted. Because of its novel design, it was used as a silver coin pattern by Tianjin Mint before the "Dragon Phoenix silver coin" came out. On the front of the coin, there was a "Twelve chapter pattern" in the middle, on the top of which was engraved "made in the twelfth year of the Republic of China", on both sides of the back was Jiahe, with the word "one yuan" written vertically in the middle. These two characters are big and small, so they can be divided into two types: big character version and small character version
in the 12th year of the Republic of China, the silver coin of dragon and phoenix was not issued. It was minted by Tianjin Mint in 1923 and was not used<
valuation
HKD 180000-220000
transaction price
RMB 166842
Special
painting and calligraphy silver coin ceramic jade miscellaneous
auction time
December 28, 2012
auction company
Macao CITIC International Auction Co., Ltd.
auction
autumn 2012 auction
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