Read Executive meeting of the State Council through the amendment to the banks

　How much a bank loan, in addition to its capabilities, also subject to suspension at the head of the "red lines" the LDR-75%. 24th Executive meeting of the State Council, held by the People's Republic of China commercial bank law (draft), deleted the ratio between loans and deposits shall not exceed the provisions of 75%. This will greatly enhance the Bank's lending capacity, strengthen the "sannong" and small micro-enterprise lending in the real economy.

　　Loan is the amount of commercial bank loans/deposits, Bank-loan ratio, means that the Bank's profit-making ability. But higher bank loan is not possible, to prevent the excessive expansion of bank credit risks, current law stipulates a maximum loan ratio of commercial banks was 75%.

　　"The inevitable result of the cancellation of the loan is. "The Chinese Academy of Social Sciences Institute of finance and banking Research Director Zeng Gang that, as an indicator of liquidity in banking supervision, LDR regulatory indicators under the background of interest rate liberalization has not adapted to banking debt costs continue to up the reality does not reflect the true liquidity situation in the banking industry will cause distortions in funding. Some banks in order to meet the loan requirements often occur month-end, quarter-"red point", deposit and loan "maneuvers," and so on.

　　Amendments to the commercial bank law (draft) international experience for reference, and removed the ratio between loans and deposits shall not exceed the provisions of 75%, LDR from statutory and regulatory indicators to liquidity monitoring indicators. This is conducive to improving the monetary transmission mechanism, strengthening financial institutions to expand "sannong" and small micro-enterprise loans.

　　According to Central Bank data, May increase social funding for 1.22 trillion yuan, 138.7 billion yuan less than last year. Among them, the Renminbi lending to the real economy increased in the month of 851 billion yuan, up 28.1 billion yuan in less. Meanwhile, despite the end of the first quarter of this year China's banking institutions loan-65.67%, but still a number of joint-stock commercial banks and city commercial bank loan ratio close to or more than 75% of the regulatory requirements.

　　Hang Feng Zhong hua, a researcher at the Department of strategy and innovation, said cancellation of loan will directly contribute to the small bank credit, free up more space. In view of the small bank credit mainly targeted small and medium enterprises, will help promote the development of SMEs, and reduce its financing costs.

　　Lian ping, Chief Economist of Bank of communications believes that in recent years, the rise of Internet banking, direct financing to factors such as increased bank deposit growth is slowing, subject to LDR assessment, Bank lending is accordingly limited. "At the same time, the deposit interest rate has remained at a high level, the stubbornly high cost of liabilities of the Bank and cancel the loan appraisal help lending rates downward, push the whole society financing costs declined. "

　　The meeting decided to include amendments to the commercial bank law (draft), submitted to the national people's Congress. Lian Ping said, amending the law to go through strict legal procedures, the Bill can be submitted to the national people's Congress through the rear entry into force.

　　"Commercial banks have at present widespread commercialization, market management, in the context of risk, no longer on its magic spell. "Guo tianyong, Director of banking Research Center, China Central University of Finance (micro-blogging) thought that the deposit insurance system in the process of being gradually improved, if some banks because blindly lending operation, disorderly, there was problem in risk control, you can deposit insurance system to protect depositors ' money safe.

　　Zeng Gang believes that despite the cancellation of the loan regulation, but banking regulators are gradually introducing new, more mature international regulatory indicators, improve banking supervision. BAT may have passed away three years after the

Buy it These new cars you need to know

Two years of the Beijing auto show has kicked off, number that is listed, the debut of the new car Kuang Kuang~, onion tired that Duang Duang ~!

Most onions are not happy that this show is not! Have! Car! Die! But manufacturers also had a way, use stars to get Ah ~

Green onions, or to concentrate on saying on Monday when we vote to see models, today, onions take a look at.

Luxury brands

1, Beijing Benz e-class long wheel base

This Mercedes-Benz booth plays must be the new-generation e-class, but the wheelbase increase 140mm long wheelbase version of the world's first.

Long axis as domestic special models, specially designed back PAD the Control Panel, and cups with cooling and heating functions, as well as remote-controlled automatic parking, take the initiative and stitch functions.

Not that texture, say that the appearance of Interior and technology, almost the same level in the most competitive. But there was a problem, the Mercedes-Benz s, e, c, the three brothers together, you can get out?

2, BMW X1

Longer wheelbase is absolutely in China, most fashion fashion fashion! BMW booth new domestic X1 a long wheelbase version, 110mm increase over the standard wheelbase models overseas.

New car using a pioneer platform, even if the same wheelbase, pioneer of the space will be larger than rear drive, which X1 more than the old version and new rear-drive wheelbase also increased 20mm, so back row clear space advantage.

286,000 yuan from the sale is expected on May 20. X1 SUV, Q3, GLA at this level of competition is increasingly fierce.

3, the new Audi A4L

Mercedes-Benz and BMW models new generation, love the fun of how Audi is not a wind?

New A4L and Q7 as MLB platform (modular longitudinal engines), exterior and interior design to new family, the wheelbase than non standard shaft adds 88mm, 40mm more than previous generations made A4L, you know, it must be long!

Interior feel technology, Audi the di ǎ o di ǎ o LCD Dashboard will also appear in the A4L ~

Power, the Department of the 2.0T engine is divided into low, medium and high power tuned, match 7-speed dual-clutch transmission is expected in June, it will be listed, we can look forward to lower prices.

4, Jaguar XFL

From the United Kingdom luxury brands Jaguar, looked at the performance of BBA in China has long been jealous of for a long time, also stepped out of his predecessors did, that's made the wheelbase is up to 3100mm.

XF and cash had the same appearance, aspect is the body for the first time made of aluminum architecture that not only lighter, rigidity increased by 28%.

A question for you, the body behind the "Chery Jaguar" logo, we bought back will be deducted?

5, Acura CDX

Acura released the first domestic model, the compact SUV--CDX, the appearance is very characteristic.

As Honda's premium brand, Acura in China these years down the road is not so satisfactory, approached Andy endorsements new car performance is not much improved, did not know the CDX can you give it?

Joint brand

1, Faw-VW new magotan

Magotan was all too familiar, the replacement model was based on the research and development of Europe's eighth-generation Passat, new cars increase in size, power, trim, has some changes in the configuration.

Terms of appearance, onions felt the biggest change is that basically no change ~ (oooo)

2, Volkswagen-guide Ang

FAI Ang is positioned to be a c-class cars to replace d-class Phaeton to be Volkswagen's flagship model.

The new car will be available in September, the first in the Chinese market, new car Audi A6 MLB platform research and development.

So friends can put new cars in the public version of the A6, massage chairs, electric door Deluxe configuration should be necessary.

3, CX-4

Mazda CX-4 Mazda's first world debut vehicles in China, manufacturers are defined as Coupe SUV, like raised, called ex-rad Sierra?

Wheelbase and CX-5 remain the same, but the reduced ground clearance, interiors also called ex-rad, Sierra, is quite similar. Power, 2.0L, and 2.5L create Chi blue sky power engine, matching 6AT and 6MT gearbox.

In the SUV at the high level of modeling such as CX-4 is more popular, there are few in the compact SUV market level, tired of seeing SUV founder profile friends can pay attention.

4, Honda, Crown road

Toyota Highlander have been sold in the midsize SUV market is booming, Honda also will not miss this opportunity to earn new cars to make up for the gaps in Honda no midsize SUV.

As with bin Chi and XR-V, new cars will also be on Honda and Dongfeng Honda sold out twin models.

5, Citroën C6

Citroën booth world debut the new flagship model C6, positioning in the c-class large vehicles.

C6 have been imported into the Chinese market, but high prices to make sales is not ideal. Watch Taurus, lacrosse, c-class cars series listing, C6 performance this time what?

6, Nissan Cima

CIMA? Felt more like a cigarette between friends ask: do? This positioned slightly above the sounds of CIMA, Nissan MAXIMA models is the North American market, in shape can be seen, his main sports style.

Partners at this level now is such a lot.

7, baowo BX7

Baowo was once a par with Mercedes-Benz and BMW of Germany brands, after sleeping for more than 50 years, was revived by our Fukuda, but then tried to restore the dashing is not easy.

Bao Wo BX7 in power, chassis parts and Mr Fukuda's own SUV has a deep cooperation, but have to say, from the appearance of interiors, and shadow of a European car, design is more complete, but the price seems to be some small hat to 302,800 Yuan Oh ...

Finished luxury brand, joint brand models, and give everyone a wave of own-brand models ...

Own brand

1, hover H7

Harvard has a small, compact, medium to large, large SUV, no midsize SUV, so hover H7 was natural born.

The H7 Harvard unveiled the red and blue labels both models, the main difference lies in the shape, blue tag H7 sells has been published, little friends what do you think?

2, Geely emgrand GS

This car very high degree of attention in the Onion fan, looks beautiful should be a factor. Geely emgrand GS in the strict sense of the term is a cross-border SUV, popular mean to increase car chassis, improving certain sexually.

Power 1.3T 1.8L naturally aspirated and Turbo two choices, Geely emgrand GS will be divided into an elegant, sporting a total of 11 models, enough members to choose ...

Imperial GS's biggest bright spot is high, configuration in safety, comfort and technology are at the same level, the new car is expected to go on sale in early May, what are the most important? Price myself ~

3, roewe RX5

This car roewe brand new family-style designs, also said the introduction of models and it will be similar.

New car also has an information point, is that this is a joint venture with the company to launch the first Internet car, right out of the car, MA began to the auto industry.

Good, quick looks at the key new vehicles, smaller partners is not cool? Anything you want to know new car, even though your onions. Featured new car market miracle cottage in SUV

Today's program has to end here in the next issue we'll see yo ~!

Onion app public: car onion rings. Transmit positive energy here, tried a variety of automotive black curtain, free cars cheat-proof secret, more practical cars, used cars the ultimate coup! Stop headaches, focus on onion rings, add your car service clubs.

Huawei founded by ren zhengfei even if next fall is Huawei nor do the black

"Are incompetent, stupid, is so decentralized, ingenuity play various princes, the achievements of the company. "

Ren that Huawei has this far is because "some 150,000 employees, guides and customer tolerance and traction", he will be only the "benefit-sharing approach, their talents to glue together." Ren zhengfei, attention to organizational success far beyond his accomplishments describing or put yourself at the top of organizations, he is doing more to hold up the group, and the Organization's overall achievements Huawei.

Maybe this can help us to understand such a fact: ren zhengfei, Huawei's largest shareholders, but only 1.4%, the rest of the 98.6% for all employees.

Jobs where are the greatest? Forbes magazine once commented. "Steve knows what you want, but his greatest achievements are: he knew people in the 21st century need to listen, in a friendly voice to confirm a message-even though the machine is not responsible for, but we are responsible for. "" Early jobs ' obsession with innovation, exquisite, and later he would rather users feel. Clean, bright, orderly Apple store, is his most enduring legacy. Apple store like glue, with a gentle, precise and patient way technology and consumers join together. "

This is the most essential spirit of Steve jobs, ren zhengfei, is: to consumers as the origin and destination of all thought.

Ren zhengfei, Huawei, organization, employees and products, which all help the company formed its unique culture. "All the resources of the world are likely to dry up, there is only one resource can be endless, that is cultural. "

Even so, people were asking, when traditional established companies in a position to maintain the past glory, and next fall will be Huawei? The future, the next 20 years, Huawei will be misery. Huawei can often win without defeat it? Huawei also has a strong power of thought and willpower to overcome any challenge it?

In 2015, the books published by CITIC Publishing House, again the next fall will be Huawei, might be able to help you solve the puzzle.

Not listed, it is possible to dominate the world

"Little rich run, rich fell. "Regardless of is China of also is Western of many industry company, listed Qian vibrant, listed Hou not to two years, company on began unrest," rich "up of personal or became not seeking enterprising, or was competition opponents dug angle, more serious of is sold stock Hou, from company dug a talent, independence Hill, became company of competitors, even became terrible of hostile who. It is clear that this is a serious weakness in the human resources management system.

"Is not listed, it could dominate the world! "Ren said privately. It contains at least three meanings: first, the fighting spirit of the team. Too much of "pie" will corrosion a a people, and a organization of vitality, will corrupt team of "essence God", this is most terrible of "body necrosis syndrome"; not listed, has international industry standard of pay treatment, annual also has considerable of bonus and relative stable of dividends, "both on team has interests of attract, while and can keep fight", this is at least in Huawei achieved has success of balance.

Second, control of decision-making. Huawei is so fragmented ownership structure, a capital investment can be easily formed from any control. But when short-term profit for financial capital around the nature of the development pattern of Huawei, Huawei is not far from collapse.

Third, Huawei's pursuits. Huawei could go today, and beyond the Western giant, to become a competitive international companies, is because its always "far", a 10-year goal to plan the company's future, but unlike other industry peers, always be the short-term volatility of capital markets led by the nose. Capital is the temperature of the animals, and most impatient of world of Warcraft.

For example,, dang Motorola investment 5 billion dollars of Iridium star plans failed Hou, capital markets with feet vote, Motorola from to has decline; and Huawei had in 3G products Shang investment close 6 billion Yuan Yuan, is long period harvest (or "civet cats for Port-au-Prince" put 3G products Dang 2G sold), Ren and opposition, not allows development "small smart" products...... If the company is a listed company, capital speculators will have what? Conclusion is self-evident, perhaps ren stepped down a long time ago, perhaps Huawei early death ... ...

Academics an insight view (ren zhengfei is sometimes thought): "if its Western counterparts have a not-listed company, there would be no company today ... ... Very simple, not in the short term, China United States business strategists, but these great United States strategist must be subservient to the capital will...... "

When Huawei will be listed? Ren shareholders Convention in April 2013 and 2014 on the press twice, repeatedly: in the next 5-8 years, or even longer, Huawei will not consider listing, there will not be any capital, including mergers and acquisitions, etc.

Attempts to dominate the world, Huawei will perish

Cisco sued Huawei in the catastrophic crisis and reverse the process of crisis, Huawei has actually learned more. Nearly two years of litigation, Huawei experienced the most severe of the Tribunal to review almost every pore, are magnifying glass took over. Since then, Huawei to enter Europe and especially United States market goes through Western customers, and even government agencies take turns "torture".

A domestic government department head ren zhengfei, asked: "what is Huawei entered the international market experience, can introduce ourselves to others? "Ren replied:" is complying with the law. Must comply with the laws of the host country, the United Nations legal ... ... While United States domestic law to international law because the United States is too strong, it can under United States domestic law, against you anywhere. China's legal system is not perfect, or perform too well, no rules, some Chinese enterprises have not formed in strict management. They thought that on the international market, also boosts the result got himself into misery. "

Ren warned company executives: don't let rival for Huawei to a conclusion. Board is alive and is the directing mind is rigid. Huawei to wants to not was others defined for "mystery of black widow" and "reckless of Gladiator", on have full to open, despite Huawei since think past is open of, are because go has open of road is has development, but others still accused you "closed", and "alternative", description Huawei of open also is not full of, so, Huawei also to more open. Ren had a metaphor: I invite you to visit, you are to the family living room slipper, Tickle feet, it will cause the owner of hate and exclusion, Huawei would never do such a rude person, we need to be more open attitude to prove to others: Huawei is in accordance with international rules.

That Huawei could get out of the "strong fighter", "AO" historical trap? At a senior staff meeting, ren in a very calm tone of caution:

Any strong is produced in the balance. We can be strong enough to no longer powerful, but if a friend didn't, we can maintain it? Obviously not. Why do we have to beat others, dominate the world alone? Want to eliminate others, dominate the world of Hitler and Genghis Khan, and finally perished. Huawei alone if you want to dominate the world, eventually perish. Why don't we put all together, and strong cooperation? We don't have a narrow point of view, who want to destroy. We and the strong, to have competition but also cooperation, as long as the benefit we will do.

"Huawei to cooperate with others, can't be ' black widow '. The black widow is Latin America a spider, the spider after mating, female spiders eat the males, as their hatching young spiders of nutrition. Huawei to cooperate with other companies before, after one or two years, Huawei ate or dumped them. We were strong enough, the heart to let go, a little modesty and profound look at the issue. Not the enteric, otherwise it is the King of Chu. We must find a better model of cooperation and achieve win-win. Research and development is still open, but more open internal and external opening. "

"Huawei's growth, not only people who like us, there are people who hate us, because we can cause a lot of small companies do not eat. We want to change the status quo, opening and cooperation to achieve a win-win, instead of on the rotting bones. 20 years ago we had a lot of friends become enemies, after 20 years we want to turn enemies into friends. When we pulled in this industry when a large group of friends, we had a road victory. "

An army of 150,000, walking alone in the world

In 2000, ren zhengfei, Huawei has recommended an article: of the sleepless in Silicon Valley. After reading the full text, you can really appreciate what United States core competencies.

Paper wrote: "these programmer, software developer, entrepreneur and project managers stick to ' sleep, you will fail ' doctrine, with a lofty ideal, thanks to the large glass mug coffee, they will sit in before issuing the Glow light display has been working four or five o'clock in the morning, sometimes even up to 6 points, rather than lying comfortably in bed. This is the price of participation beyond the time zone of the international market: every day there is a new starting point for continued feverishly developing ' Internet ' techniques...... "

"Working late into the night is almost today about 200,000 high-tech army uniform in the Silicon Valley way of life, people who work according to traditional schedules two alternating sessions a day, while in the high-tech industrial park in the parking lot, maybe at 3 o'clock in the morning was still crowded. And many of the people in the night as day the night Office home computer connected to the network...... "

"Just like sports, high technology is mainly dominated by young people, depending on the limits of the aging process. According to statistics, in this industry, single man under 35 years of age account for the vast majority – some people while they're still not before getting old, desperately, as himself and squeeze out some products (paid from company leadership)...... "

Interesting of is, "mat culture" is not Huawei original, in Silicon Valley on has completely same of example: "Netscape (Netscape) Communications Limited of employees past often sleep in Pu has mattress of specified of room in the, but, company has revoked has this room, to encourages employees stop work home to", but, "employees always requirements again opened Pu has mattress of room". Similarly, Huawei, you hear someone question the "mat culture"? Today, in the company under the employee's desk, you will see colorful cushions.

Current Huawei Central Institute President Huo Dawei, 2001 to Huawei United States Institute travel, first times to Silicon Valley wants to experience about what called "not sleep of Silicon Valley", comes as when of IT bubble rupture, many venture company are pour off has, "Silicon Valley into has died Valley", even so, local one scientists night at 11 o'clock more with he to Cisco of parking, still has many car stopped in there, the scientists told he, "parking has car, certainly are in overtime"...... Let Huo Dawei impression deep of is, in and local employees discussion of when, he to they introduced has Huawei of values, original thought understanding will has difficult, unexpected big sector of employees of reaction is: "on Silicon Valley people for this is common sense, to customer for Center, only struggle to success, was is truth well......" Huo Dawei which awareness to, Huawei culture and Silicon Valley culture is completely match of, this culture is not Huawei original of. The Internet times new raise pattern

Huawei today has 150,000 employees, including nearly 40,000 foreign workers, they represent different Nations, different religion, different characters, different parentage and education background, but across different cultures, under the leadership of a group of Asians, for more than 20 years, without publicity, will firmly walk in every corner of the five continents in the world ... ...

What is the link they link? Shared values and a common vision.

Secret shares a mysterious company 7 persons 1 zero revenue market value of

　　While *ST Star Beauty refused all media visits, but the elephant invisible firewall, it is hard to conceal traces.

　　1.5 "zero revenue", 6 years the main industry, 10 cumulative profit of less than 2 million Yuan ... ... A series of management "fiasco", the staff of only 7 people's pocket to be listed *ST Star Beauty (000892.SZ), had survived and the ebb tide of the a-share market kept a place for a long time.

　　Even more bizarre is that almost "naked", in capital market "very hot".

　　On September 2, *ST Star Beauty unveiled and Huan Rui century television media group restructuring and trade plans to raise matching funds, to be injected through TV media assets, revenue and economies in transition.

　　In fact, this is the *ST Star Beauty's sixth reorganization in 6 years. From the end of 2009 with big holdings of real estate company restructuring began, in April this year received Huan Rui century reached the "olive branch", with the two sides trading plans announced, *ST Star Beauty "Phoenix myth" seems to write again.

　　On September 9, the reporter to *ST star beauty, Chongqing is located in the headquarters survey found that compared with other listed companies style front, the company housed in a common resident in the building. An interview with President of the United States, Secretary of the Board Xu Hong *ST star, skirt around it.

　　Insiders disclosed to reporters, speaking from the shell, *ST Star Beauty is a "good", because the asset is empty, its valuation valuation is lower than the average, and you can see right through, better integration for the backdoor.

　　7 low-key stealth company headquarters building across Guanyinqiao, Jiangbei district, Chongqing City, the bustling shopping district, network operators in Chongqing City Industrial Park in a nearby residential building, reporters saw a 120-square-metre three-bedroom converted into three offices, entrance and interior are no company logo signs. Currently is worth about $ 4.7 billion worth of *ST Star Beauty Company headquarters, quietly hiding here.

　　Journalists from entering the company, see pendulum altogether has five desk in the empty Office, number of employees around the Office here.

　　"*ST star beauty and now it's really only 7 people, 5 at the company's main office, 2 subsidiary office in Shanghai. "On September 9, *ST Star Beauty one insider told reporters that the 5 employees, including the President and Secretary of the Board Xu Hong, Chief Financial Officer Tong Zhiqiu, 2 finance officers and 1 driver.

　　It is 7 employees, supporting the *ST star beauty as the most basic operations of listed companies to ensure its daily operation.

　　Journalists to understand the status of its business and operations when *ST Star Beauty secret, Dong Xu Hong, President "was in a sensitive period, and interviewed" for, rejected a reporter's interview.

　　When a reporter asked, "is there to negotiate the business staff and partners" When Xu Hong reply there is no business.

　　*ST Star Beauty Yang Kaiyong property executives to introduce, within the residential property owners to rent the House to a company, "there are dozens of small companies within a building, don't know each other. "Despite the" small is beautiful "the electric company" neighbors ", but a Pocket 7-person firm *ST star beauty it is not simple as they seem.

　　*ST sanai hailing Star Beauty predecessor in January 1999 and listed on the Shenzhen Stock Exchange, completed in 2000 after asset restructuring, the main business transformed from mechanical parts for the telecommunications and information industry.

　　Is a promising industry, guessed that were met with large shareholders auction caused mortgages owned by investors because of poor management.

　　"2005 is the most difficult times in the star beauty, at that time capital chain rupture, shrinking business and court cases continue, the loss of personnel, staff 9 months pay. "The internal people, experienced the Holocaust *ST star beauty through bankruptcy reorganization, current major shareholder Shanghai Xin was introduced to.

　　Reporters check out *ST star beauty over the annual report found that from 2005 to 2015, 10 years, total operating profits of less than 2 million Yuan, assets were auctioned in 2005 before and after all liquidation. At present, the *ST star beauty only 1.35 million yuan in total assets, are vested in the only subsidiary star macro business consultation Shanghai Co., Ltd.

　　6 years the main industry all work for the shell *ST Star Beauty 2015.5 annual report showed that from 2014, the company revenue is zero, no business. Meanwhile, since 2009, *ST star beauty for 6 consecutive years annual report made clear that the company has not yet determined that development issues will be addressed through assets reorganization in the future.

　　*ST Star Beauty Insider also confirmed that 6 years after the bankruptcy, except for subsidiaries operating outside of work, *ST stellar employees work at Headquarters to follow up on reorganization, issuing the notices on a regular basis and daily bulletins, as well as coordinate with regulators to ensure normal operation of listed companies.

　　That is to say, subsidiary employees from 2010 to 2013 has its business operation, all other employees in the company, in order to "protect".

　　In fact, the shell road, *ST Star Beauty can be described as "elaborate".

　　In 2010, in the case of business has not been established, *ST star beauty to the shareholder loan of 500,000 yuan to set up subsidiaries in Shanghai Star macro business consulting company, through subsidiaries operating overseas investment, providing advisory services and other services to companies profit. Keep the change First Alipay China market is born

　　For 2009, 2010 net profit losses for two consecutive years, "wear star hats" *ST Star Beauty 2011 17.88 million Yuan through subsidiary companies of revenue, profitability, and critical success.

　　However, these insiders told reporters that the 2011, 2012 *ST Star Beauty smooth shell, the main reason "from major shareholder concession business opportunities", that is, large shareholders through customer orders to the subsidiaries, affiliates performance, so that it can save.

　　*ST Star Beauty 2012 annual report, the company will further reduce the subsidiary relying too much on shareholders delivered the abnormal situation of business opportunities, enhance their hematopoietic function, the basic task of trying to survive.

　　Therefore, *ST star beauty, life is the most basic of tasks, is the core task.

　　2014 *ST Star Beauty stop subsidiary business, making the company revenue is zero, but it obviously does not rule out future was warned in the key moments, the subsidiary will stand up again, in the same way, by major shareholders "blood transfusion", continued.

　　In addition to substantial shareholder "blood transfusion" subsidiary profit, zero income cases, companies running costs come from?

　　*ST Star Beauty insiders, the company operating expenses stemmed in part from loans to big shareholders, the other part is a subsidiary business retained some cash in the process.

　　And, without going through the Board on the notice of motion does not disclose the associated part borrowed, *ST star beauty to the way zero-interest loans to large shareholders, because they do not involve the amount of interest, in the bulletin or on the motion of the Board, involving related-party transaction amount is zero is displayed.

　　In addition to "stable rear", the *ST star beauty in this procedure several times to seek reorganization in order to inject high quality assets, determine the main direction.

　　The end of 2009, *ST stellar planning big holdings and real estate companies to restructure and turn business into a real estate development and management, but the programme was suspended in June 2010. In January 2012, *ST star beauty once again planned reorganization, restructuring the end of one week in a hurry. August 2013, *ST Star Beauty large shareholder Shanghai to introduce strategic investors of projects fail. In November 2014, Shanghai plans to once again transferred shares to Suzhou Hao Tian Rui and the investment centre, but this restructuring is still lost.

　　February 2015, the *ST Star Beauty restructuring Zhejiang nine office services group, the restructuring has failed.

　　On the road to restructuring, *ST Star Beauty seems to be more humble.

　　Market value of 4.7 billion acquisition "for the shell to" *ST stellar financial situation is grim for many years, but its current market value of about 4.7 billion yuan was welcomed by the capital market.

　　The end of 2014, Suzhou Industrial Park, Hao Tian Rui and investment centers and their concerted action Fang Nengbin through acquisition the acquisition of large shareholder Shanghai to its entire stake in the white *ST star beauty, but acquisition without the consent of shareholders forced aground.

　　February 2015, the *ST Star Beauty restructuring Zhejiang good offices group failed proposition has not dispersed, after just 2 months, *ST Star Beauty comes the recombinant Huan Rui century fad, this is *ST Star Beauty 6 six years of restructuring.

　　In April 2015, Huan Rui centuries other 2 companies is intended to price took over the hands of shareholders 25.84% shares of 700 million Yuan. On September 2, *ST Star Beauty's announcement, to be closed buy Huan Rui 100% equity shares issued, while Huan Rui joint, Tianhua Hong Road, Tsing Yu Qian, Qing Tai Shui Wo non-public offering of shares to raise matching funds up to 1.53 billion yuan. The acquisition, valued at 3 billion yuan Huan Rui century.

　　Statistics show that Huan Rui century is a film and television company top enterprises in scale, subordinates, including film and television drama, talent agencies, games and other business segments.

　　Huan Rui century Chairman Chen Yuan on June 2 of the general meeting of shareholders on record, Rui Huan the biggest cause of phase *ST of the century stellar, *ST star beauty of the shell is very clean, very suitable for mounting small capital companies, but also facilitate the restructuring after the business consolidation and strategic development.

　　"Huan Rui for centuries, whether for long-term, independent development not to be annexed, is also aimed at addressing the problem of financing, for follow-up projects to provide a steady flow of funds, it will have a more pressing public demand. "September 11 film senior researcher Li Xingwen told reporters that" backdoor listing is much faster than the IPO. "Li Xingwen believes that Rui Huan *ST the restructuring of the century stellar and backdoor listing is in 2014 backdoor Thai Asia shares failed on the basis of new selection is made.

　　Taiya shares announcement, after Huan Rui Ke-Tai-Asian of the century shares "breakdown" the main reason is the refinement of the restructuring deal on both sides could not agree.

　　On September 10, the reporter called Huan Rui Jiang Lei, Deputy Chief of the century, inquired about their strengths and weaknesses of the backdoor, "at present time is not suitable" for the rejected a reporter's interview.

　　Hubei provincial development and Reform Commission said a long-term operational head of the IPO market, speaking from the shell, *ST Star Beauty is indeed a good case, because the asset is empty, valuations lower than the average, and a see through, better integration for the backdoor.

　　Li Xingwen also think, on light assets television company for, does "buy not up" assets high of shell resources, given *ST Star Beauty "empty shell" of situation, Huan Swiss century more easy "pry moving it", get relative more of equity and say, "*ST star beauty in restructuring process should not mention many requirements, Huan Swiss century of initiative will more strong some. "*ST Star Beauty hidden within a residential building at Headquarters. *ST Star Beauty "insurance survival" suspected of playing the market message only 1.34 million yuan in total assets, through the regulation of related party transactions revenues, many investors throwing money "to support" 6 years 5 degrees after a failed reorganization, *ST Star Beauty lifesavers again seize the reorganization.

　　*ST Star Beauty "1.5 years and operating income, after 6 years the main industry", but still seem to be "prepared", and not as pessimistic as imagined in the future.

　　According to *ST Star Beauty habit of "coup" in the delisting warning edge, on the one hand by way of surface operation regulation of related party transactions revenues of listed companies, on the other hand for the introduction of the backdoor and asset.

　　"It amounts to Hibernate, shell is waiting for a good opportunity to restructure. "September 11, tianfeng securities analyst Wang Shengbiao said in an interview with reporters," this is a natural phenomenon of the securities market. "However, the Director of finance and Securities Institute of the University of science and technology in Wuhan Dong Dengxin, *ST Star Beauty playing around with suspicion of market rules. "*ST Star Beauty behind the shell actually is a waste of resources, should not allow the company to stay in the a-share market, hope to market the fittest clean it out. "Dong Dengxin thought, the current delisting *ST stellar space, so that they can not return appearances and IPO listing of administrative examination and approval system, allowing more companies to buy shell resources, *ST Star Beauty so no worries about the buyer, and thus more" picky ".

　　Walk in the back edge of the city, rules of the game

　　Comb *ST Star Beauty shell means reporters found that both seek assets reorganization and in the operation of adjusted revenues, are to avoid delisting rule as a precondition.

　　Provisions in accordance with the delisting of the Shanghai and Shenzhen stock markets, 6 the dimension to measure whether a-share listed companies will be forced to retreat. First, net worth is negative. Second, revenues of less than 10 million Yuan. Third annual audit reports for the adverse opinion or unable to express a view. Four statutory time limit is suspended after the listing of the company are not disclosed in the annual report. Today five stock trading volume is too low. Six is the stock price below par in a row. Listed companies for 20 consecutive trading days the daily stock closing prices are lower than the nominal value per share.

　　In the period from 2008 to 2010, when total assets of *ST Star Beauty face only 51,100, 84,800 and 949,100, faces possible touch "net negative" red lines through the big shareholders ' interest-free loan of 500,000 star macro business consulting subsidiary was established in Shanghai, and this time moved up listed total assets of the company as a whole can be improved.

　　Similarly, when the 2009, 2010 net profit losses for two consecutive years, revenues of less than 10 million cases, the 2011, 2012 subsidiary Shanghai macro business consulting revenue rapidly, making "wear star hats" *ST stellar success.

　　"*ST Star Beauty without delisting criteria, of course, will not be delisted, which is decided by the market rules of the game. "Wuhan University finance Professor Hu Changsheng said in an interview with reporters.

　　In his view, to meet the legal standard, it will be delisting occurs.

　　*ST stellar stock price per share par value 1 appears to be unlikely. "Some of our investors ' unwillingness to make junk delisted, is the revenue and bad companies, there are people willing to buy his stock. "Dong Dengxin said.

　　Dong Dengxin introduced in the United States "a dollar a delisting" standard works, half of its delisting companies is that under the terms of the delisting, but under China's national conditions, investor always expects the share.

　　In *ST stellar stocks, for example, sending its shares up to 11.32 Yuan per share, total value of 4.7 billion. Reporters combed found, regardless of the success of the restructuring, restructuring plan announcement, *ST star beauty will usher in rising share prices for everything.

　　Market behavior or regulatory loopholes?

　　So, *ST stellar long-term zero-revenue, without industry, should delisting from the level further regulated? words financial experts and securities held.

　　Yingda securities Li Daxiao said in an interview with reporters, Director of the Institute, *ST stellar phenomenon reflects the delisting is not strict enough, in order to effectively curb such "trash" delisting criteria and rules, and delisting procedures, should be reformulated.

　　Hubei provincial development and Reform Commission listed Office official said, even if the delisting system further improved, capital market, insurance and selling shells are the market's behavior, is itself the capital of one of the most effective ways, which will remain, will not disappear because of the delisting system strictly. "It is really a good crust, even if the system reasonably, would anyone want a backdoor listing approach to listing approval, after all, is too cumbersome. "On September 10, the reporter called regulatory Bureau of Chongqing, said a Director surnamed Sun, *ST stellar long term" stiff but not dead "is the company's behavior, everything is subject to company announcements. Reporters asked its uniqueness deserve special supervision, the controller does not respond.

　　"It is not refinancing, not scourge who, nor money moving stock, but it did not operate, but it has listed the Tablet listing the places, it doesn't fully go bankrupt, insolvent, if I had to put it back, this is not a harm to people who hold their shares?" Tianfeng securities analyst Wang Shengbiao believes that should be decided by the laws of the market *ST Star Beauty should exit.

　　Despite the *ST Star Beauty survival methods are some contempt, Dong Dengxin says that delisting criteria respecting market, investor, investor does not make *ST Star Beauty city, regulators can't help, it did not meet a mandatory delisting criteria.

　　The listing Office official also said that once *ST stellar some significant special cases of violation, the SFC will have the relevant supervision measures, not arbitrarily let it persist.

　　Li Daxiao said "some speculators seeking resources desire so strong, if no further big stock market risk coefficients, then the speculators will have been enthusiastic about Shell resources. "In fact, in capital markets, relative to the selling cost, *ST Star Beauty shell costs nothing. Also willing to spend of the *ST star-shell, one of the important reasons.

　　*ST stellar November 2014 priced Shanghai Xin 25.84% shareholders 605 million, and 6 months later, the same stake, Huan shui the three companies took over the costs of 700 million market value direct gained nearly 100 million, this surplus floating alone, enough to make *ST Star Beauty re 6 years no problem.

　　Registration or shock wave

　　However, *ST Star Beauty wants to continue to stay in the a-share market to survive, are not as safe as imagined.

　　According to early 2015 work scheduling meetings at the beginning of the CSRC, will this year introduce a registration system, this from the other direction, means that a shock.

　　So-called registration system, even for a listed company audits, subject to the conditions prescribed by securities laws company can on its own IPO, you do not need consent of the SFC, as long as the required documentation to.

　　"Registration system after the implementation of new listings more easily. New value will be lower and lower, those junk from rapidly falling a few dollars to a few cents. "Dong Dengxin said that the registration rules of the game, were rapidly reduced by IPO costs, resource scarcity will be broken. "The IPO is easy, does not require administrative approval and market threshold is very low, no one wants to buy, that survival to shell companies, because there is no buyer's market will soon quit. "However, the listed head of Hubei provincial development and Reform Commission believes registration system and not such a" universal ". "Shell resources and/or have his market value, is the United States and Hong Kong, he is often the backdoor listing of resources. "The Director believes that this shell company registration *ST star beauty, the biggest impact from the price. *ST stellar selling price will be reduced because as markets open up, the overall price and earnings will be in line with international standards, when resource prices will be more rational.

　　For this will be born and things Li Daxiao argues that the reality may not be so optimistic. "Registration is between the administrative examination and approval system and market-filing system, that means he can be infinitely close to the administrative examination and approval system, also can be infinitely close to the record business. At present, is hard to say whether the broader IPO market opportunities. "The above listed Office official added that registration is not a trial, is not the same, more transparent and more in line with market rules. "If the industry is recognized by the market, the company carries on business in very good condition and development prospects are very good, registration will make it easier for these companies to access capital markets. "Conditions are excellent and *ST star beauty in itself, its risks to survive in the road can go long, yet is a question mark.

　　However, the implementation of the registration system is still unable to determine. Dong Dengxin told reporters that the 2015 in accordance with the Commission plans, registration should be put in place, but now the stock market price and registration system reform process was interrupted. "Exactly when will launch also said, if regulators fear the stock market turmoil, fear of stock's Center of gravity moves down, it will push back the next. "

Millet tried online store online sales are still the main

　　Has always been good online sales of millet began to line up.

　　Yesterday, millet's first real sense of offline store in Haidian, Beijing Modern Plaza opened. It is reported that the experience store you can buy millet full line product, fast repair service and provides face to face. Millet science and technology President Lin said, this millet attempts to give the solid experience and online sales, did not rule out in the future in the country built more experiences like this store.

　　This online store is still called millet House, an area of about 380 square meters, is the largest and longest operating hours business area of millet line shop. Previously, only one millet millet in major cities across the country are mainly responsible for after-sales service. Lin said that the millet is offline for the first time experience combined with after-sale maintenance, can provide experience and selling millet include cell phones, television, total, routers, air purifiers and other products. New products in the future will be synchronized in the store for sale. Industry sources say, millet entered the offline sales, or marked their supply chain have been integrated, will bid farewell to the previous buying patterns.

　　Millet is not the first company to set up offline store cell phone manufacturers. Apple store of needless, Association, Lok has also rolled out early at home store. Millet science and technology President Lin said, this store is just one millet tried after millet of offline retail process has no experience, and the operations, logistics, warehousing capacity presents new challenges. If contemporary Mall operation works well, will expand in more cities across the country.

　　Industry sources said, setting up online store, millet is facing sluggish sales growth and opponent catch up breakthrough Act. Millet is lack of offline retail experiences, this model also requires authentication, even if the validation is successful, also needs to address the issue of counterfeit goods and channel management. Open line, millet is shoulder heavy responsibilities.

　　Why open the upgrade version of millet

　　Statistics show that, from this year, China smartphone market growth has slowed in the past end of the era of high growth. With the popularity of smart phones, the phone itself increases market is more and more limited. In addition, mobile-e-commerce channel sales growth rates are slowing, annual growth in e-commerce sales 40% early, downward trend is clear.

　　Limited market now is facing increasingly fierce competition. Apart from the millet, Huawei, Meizu, music video, hammer and other brands in the last break. According to millet July sales data, mobile phone sales of 34.7 million in the first half, and millet before the scheduled annual sales target of 80 million to 100 million. In the case of many competitors chasing, millet achieve this year's target is extremely difficult. Facing hard times and a highly competitive market, millet is seeking more access to users is a top priority.

　　Lin bin, "said millet rich product line, more and more consumer feedback needs to enhance the online experience of links and experimental result is good." Previously, millet line TV did try: offline experience every Saturday, 100 games held throughout the country, achieved a conversion rate of 19%. Convened to participate in the experience users are online and offline experience online purchase, millet is responsible for direct shipping.

　　Lin said the millet choice settled in the business rather than a separate store, mainly want to use Mall traffic looking for incremental users. The future, this model is successful, will consider more like shopping malls. But Lin also stressed that the "millet product sales are still dominated by e-commerce channels, settled in the shopping mall online store is mainly responsible for the experience and after sales, offline retail will take time."

　　Lin said for this offline mode now is not thinking so far, future millet proprietary left to join route, also requires a combination of the experimental store operations again, but this idea has been there.

　　Offline experience models to be tested

　　Online integration has become an industry trend. O2O offline store, in addition to suning, GOME, a layout of East Beijing at the beginning of last year. Le select and channel partners, set up a special experience. But industry sources say, music store under the eye effect does not expect good, limited flow of people, is not particularly obvious effect on sales. Cheng Xuyuan look over here From Google s special

　　In addition, the online store is a slightly higher cost model, in this connection, the Apple store sales per unit area is worthy of millet, millet reference to already low profit margins do not seem to. Millet this specializes in online marketing and offline marketing enterprises how to balance profit and operating costs below the line would need time to learn, also need to be tested.

　　Millet offline store mode if the validation is successful, fake fake store will then appear. Lin said this is millet great harm. Millet's marketing Chief, Wei Lai admits now millet is counterfeit, but the difficulty of fighting against, we first need to break local protectionism, more need to invest a great deal of manpower and material resources. From the source view, millet channel governance is needed, but how to go about it, for now, the millet has also come up with the scheme for the time being.

　　With the smart-phone market saturated, increase of the millet market was in four five-tier cities even the vast rural areas. Part of brand mobile phone manufacturers have to channel sink to villages and towns, in rural markets, millet will also face a fight. How to cut into the rural market, go offline store mode or find another way, millet is still fumbling.

　　"Bad-mouthing millet's voice never stopped", Lin said, "but millet is also very satisfactory, millet will step by step to do good service."

Gourd phones Chinese Valentine s day romance publishing flagship couple custom

　　On August 13, Hulu mobile on August 20 will hold a fashion show in Beijing, gourds official letter not only exposed the Conference of mobile phone related news, and began a boisterous microblogging tickets events. It is reported that this launch will be in Chinese, Beijing color bars, the main couple phone.

　　Hoist technology announced in April 2015 brand was founded, and in May of the same year, gourd phones in all the preparatory activities Jingdong opens in July, announced to raise the success of your event and hoist technology so quick movements is the word of the phrase: the world of kungfu, but not broken. However, it is sufficient to prove the gourd has strong technology strength. More crucial, ' exclusive positioning ' for gourd phones set a threshold for friends to formidable competition, represents the orientation of gourd phones from simple hardware competition as one of the advantages of competing hard and soft modes ".

　　Research and development on the phone, gourd phones both in hardware and software have their own stick and characteristics, including the need to do your own ROM, border of a cell phone to try to use the best material to be narrowest at the battery must equal 3350 Ma, also ensuring that the light and so on. Insist quality, brings the cost of, and hoist technology CEO in this regard does not give yourself room for compromise, he knows the face value, locate and solve a user pain point is currently the primary contradiction, not cost, adhere to the only valuable thing users, stick to their all for users of beginner's mind.

　　Insiders also point out that gourd lovers phone hardware is impeccable, with mainstream 5.5-inch large screen, 1080P resolution display is very clear. Core is equipped with a high pass 8 core 64-bit processor, 2GB RAM+16GB ROM memory combinations, the largest extension to 128GB, make the machine's performance is very strong, perfectly Android5.0 system. Photos, Hulu mobile phone is equipped with a 13 million-pixel primary camera, containing LED fill light, as well as front lens of 5 million pixels. Dry goods share entrepreneurs scars how to overcome

　　"Exclusive customized" software is the greatest emotional bright spot, hoist technology Aurora breathing lights, bottle gourd in unique key, love APP,ForU system, lock screen picture 5 couples, such as DNA elements for couples-only user who provides emotional and practical products. Hoist technology with its own strong technology and research and development, opened the era of order of precedent.

　　Apart from the couples mobile offerings, and employees at the Conference there will also be egg appear inside a gourd, there should be cooperation with other brands, news that did not disclose, concerned couples mobile phone user can direct attention to this site, follow the author witnessed gourd phones release eggs.

Black tenderness behind the technology cherry released silent shaft

　　

　　Cherry cherry, mechanical keyboard leading brands in the world, today members of the Macromedia Flash Player MX series new switch family-Cherry MX Slient mute mechanical axis. Cherry has been committed to research and development of mechanical shaft, early last year which was released on the CES make Cherry MX RGB switches of all the players excited. Cherry MX mechanical switches of the show has been hundreds of millions of times prove the next evolutionary phase of the switch. The MX switch built-in gold contact technology, high precision, the best typing experience and an extremely long service life by millions of users appreciate. Peripherals of the world famous manufacturer of high quality mechanical keyboards, in particular in the field of gaming keyboards, uses Cherry MX switches.

　　Mechanical keyboard feel is outstanding, but its relatively large key voices in certain situations, often ridicule "disturbance", to that end, new Cherry MX Slient mute mechanical axis can be a good solution to the troubles. Intelligent feast counting on 28th 29th one plus

　　It is reported that tested the world's first mechanical keyboard-pirate ship carrying Cherry MX Slient Starf RGB, in the actual process of typing can be effectively reduced by about 30% press the voice. While the structure of the MX Slient switch with common shaft is different, using two-stage noise reduction structure axis, total travel down to 3.7mm, travel 1.9mm, divided into black shaft, red shaft, black shaft RGB and RGB Red shaft in four languages, and also is applying for patents related to the new axis. Cherry China official website Twitter that the shaft in the near future will also be applied to Cherry and partner in mechanical keyboard