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Old 09-04-2011, 05:25 AM   #1
karyshalor
 
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Default but also a collection of some. Originally

docking area in the capital, the reporter saw one very lonely business, in addition to the first two rows of booths, the rest of the booth no one. In this exhibition, each company's booth,mercurial vapor, about half are also empty. Such a situation, so that some institutional investors in attendance quite disappointed.
participants investment institutions: the size of bank funds is very tight now, mainly for banks to support a number of large customers,doudoune moncler pas cher, to ensure that some large customers, small and medium enterprises which a current from a macro point of view, mean that banks chain is very tight throughout the capital. SME tighter, it would have difficulties in financing small and medium, small and medium capital is currently very tense.
collectors, new buyers to push prices into a spectator
experts believe that financial speculation has blown a big bubble in the price of these categories collections, with the deepening of understanding, these bubbles burst easily, so it is recommended you are more concerned about the rich cultural collections of collections. Song particular version as good as you some of rubbings, and that cultural tastes very high, then one is the script, transcript, (batch-based) good rubbings, curiosities of rubbings, I think there is a lot of space, and now these title has not yet been fully understood.
focus on the influx of precious books
capital market experts do not understand
downsizing situation, we can say both raised private money. To specifically look at.
SWSC quantitative analysis of monthly reports that the stratified sampling estimates show June 3, 2011 stock market capital of 1.39 trillion yuan secondary market around the end of April more than 14,000 billion in the outflow. May the secondary market for the outflow of excess capital inflows, a market funds last month subscription of new shares to further reduce the market position and further reduced; stock valuations began to fall. However, due to tightening of liquidity, according to the SW model to determine the number of possible market correction is still too large, if short-term decline is rising too quickly may want to compare large. April 2011 SW macroeconomic climate leading index 97.05 points, which by the contraction of liquidity, real estate control policies and economic decline in economic activity index fell slightly dominant factor. As the leader in the SW model number about three months, the results from the model open look, SW macro-rebound the next three months that pressure.
from our point of view, compared to Western countries, China's SME financing channels and appeared to be very traditional and narrow way, the lack of the necessary innovation, and most Western countries have established small and medium enterprises for its own special financing channels.
collectors Ludong Chen said: I bought a book in 2006 to buy a book, then buy it is 13 million, then someone give me a call, say five times you serve you do not sold seven times you serve, do not sell, times you serve, I say, or do not sell. Now I feel ancient yet the top price, not far from the ceiling, and other works of art terms, not far from the ceiling, although it rose very powerful.
Ludong Chen's Beijing-based IT company CEOs in 2006, he wanted to invest the funds in their own hands, when you see a TV show talked about the value of rare books in the depression, he decided to all savings into the rare books collection. But in fact, he was ignorant of the precious books. Mr. Lu at the time the shuttle after each auction in the auction, are beginning to buy, such as red and blue print, the overlay of these nicely bound books. With in-depth understanding, Mr. Lu's interest gradually turned to writing books and manuscripts, in the process he also found that the auction of new faces, more and more to buy the same direction and he started going to the line.
auctioneer: (auction site)
participants investment institutions: SMEs, small business more time, unsecured, and so on. Some people borrow money, of course, are more willing to borrow to repay the people ... ... example. Sometimes companies will over-estimate their potential as live before the Chinese capital market, to market to become a billionaire. We advise companies to look after their own value.
, goods with a perfect, color-rich books, and some historical and cultural value of high rubbings, manuscripts, books, manuscripts, etc. but the appreciation of these areas is not high. The reason for this phenomenon is that new buyers are not professional, blind influx. Continue to look at the report.
exhibitors,ralph lauren pas cher, said: We want 50 million.
influx of new buyers, which greatly pushed up the price of rare books. Beijing Cultural Relics Appraisal Committee members Mr. Meng Xianjun turned over the catalog, told reporters that the middle of a lot of auction he had seen, but also a collection of some. Originally, these one million ancient books have now turned up about ten times.
latest financial report that this week marked increase in cost of capital. Dismantling inter-bank market interest rates rose sharply, interest rates rise significantly discounted bills, government bonds and central bank bills yield increase and yield curve flattening trend continued. Rising cost of capital this week, may pay the statutory deposit reserve and so on. In fact, May and June each year because the concentration of financial deposits paid, the bank half-year point in time assessment, dividends and other listed companies, the impact of tight capital side is usually seasonal, coupled with sustained quantitative and tightening banking on the newly introduced this year both deposit and lending further than the assessment makes this kind of pressure amplification, Societe Generale Securities judge, six months late funds face pressure will continue. The uplift of the actual cost of funds and other asset prices would be A-share valuations have suppressed.
Beijing Cultural Relics Identification Committee Xian-Jun Meng said: from the ancient market in terms of the recent development of rapid, even I, that is, regarded as the professional people do not understand to see the price change is very large, is There is a such a rapid change,
investors Ludong Chen said: It probably is the case, admission of new people, mainly on the overlay, as well as red and blue print, and some white tissue paper that the Ming Dynasty, Ming and Qing dynasties of fine wood block prints and some of these more interested in, that is ancient, and is considered a relatively high price is basically close to Sansishiwan, that is, the starting price is about this is that these collectors do, how to tell that this is the picture is more beautiful, so they, hot money The investment is more than this,
participating institutional investors: (grumble, some people)
in the harmonious meeting, conference organizers deliberately set up a capital docking area and eight minutes to interview a small room, to facilitate the financing of parties and investors to communicate and docking. They even each participating business a specific institutional arrangements for the visit time. But the results are not satisfactory.
Reporter: how much the price? Which you like more than it was tens of thousands of the,
exhibitors, said: We want to open 100 stores, each 10 million, a total of 10 billion.
Beijing Taihe Kerry as the auction manager Zhao Chao said: like the fall of 2008 photographed film is basically double the spring of 2009, has been the speed, but photographed in spring 2010 autumn auction has more than doubled,christian louboutin, and doubled, may turn to three to five times, and this year we expect, then it may reach five times.
buyer's market as rare books are new buyers,polo ralph lauren pas cher, and their primary purpose for investment, therefore, what price can go, how will this wave of market how long, many experts do not know.
focus on the
Professional Report: continued outflow of capital stock
investors Ludong Chen said: You like us took about four or five years, started to buy the white tissue paper, slowly and gradually to buy some version of what the content of what you see now why such a high white tissue paper Now two years (red and blue printing), prints can last up, why is that there are many new buyers come in, they also pick the easiest, easier to understand,
Wind data, according to just released the 61 fund companies is completed, all 824 funds in the first quarter report, the first quarter of 2011, raised funds overall loss of 35.8 billion and 128 billion yuan of last year's fourth quarter profit compared to is simply different. Poor fund performance also led investors to lose confidence, eager to redeem. The first quarter, raised funds were net redemptions 109 438 000 000, accounting for 4.69%. Among them, equity, hybrid, and money funds shrink the most serious. Excluding the I. The fixed-income products, most of the first quarter of net redemptions in the fund are state assets under management fell by over 50 billion fund has 9, the total fund of 15%.
exhibitors, said: We want 56 million.
focus on the private equity funds have raised money

Financing of SMEs, has become the general consensus. Corporate money, then the usual speculation,moncler quincy, in a variety of financing Fair, there will be many small businesses are actively involved, and capital providers to find the docking opportunities for financing efforts. However, the fifth being held in Tianjin, China International Private Equity Forum, the reporter found a strange phenomenon to the participants of the very few small businesses, this is why? Term correspondent reported from the bottom of Tianjin.
Source: CCTV
Fair such a large-scale financing, how could such a scene? Really like the scene of some of the agency said, companies may not be short of money it? Reporters found in a circle, here's enterprise, in fact, very few true small businesses, the vast majority have a very large amount of money demand, mostly in the tens of millions more. Like this enterprise openings from 5 to 10 million, has been considered a little.
participants investment institutions: in the institutional and financing environment, small businesses generally weak capital accumulation, weak anti-risk, guarantees can not be solved, but banks can not give guarantees, this problem is rather large.

focus on the
Tianjin: harmonious figure was hard to find a small business
focus on the
(new) capital side,
shut out small businesses. Such loans Particularly banks, they are willing to credit the Therefore, the banks only willing to
Many auction companies charge told us reporters, shot from autumn 2008 onwards, each has a 30% to 40% of the influx of new buyers admission. Admission of these new buyers not only bring a lot of money, but also pushed up the price of art. This is the rare book market was also particularly evident. Currently, a number of rare books collectors have had to become a bystander.
According to the survey, SMEs can not be implemented due to security and a high proportion of refused credit. The current credit guarantee for small and medium industry lags behind, providing SMEs with little guarantee of specialized agencies, bank loans to SMEs are often due to high monitoring costs and risks rather than loans. Poor record of lending to SMEs affected the bank's initiative.
Mr.
Societe Generale Securities
20 万 starting, less than a minute, this auction has been carried to 60 million.
exhibitors, said: This is the scheduled time, and some came, some did not come.
from industry or the company's stock performance perspective, we try from the capital, is to look at the money flow perspective, because a certain level of profitability of listed companies, stock prices are sometimes high and sometimes low, which were the market capitalization , there is a very important role, and now look at the analysis of professional bodies.
Beijing Cultural Relics Identification Committee Xian-Jun Meng said: eight years ago, that time is much, then I have been over to see other people have had, or I have had
of course, self-financing capacity is not strong small and medium enterprises also contributed to financing the major reasons. Most small and medium business small-scale, it is difficult to direct issuance of shares and bonds of the requirements management infrastructure is weak, the general lack of good corporate governance, credit is not high, financial systems, transparency is relatively low, based not do a good job the blind expansion. These
participants investment institutions: the United States Government initiatives, the private financing platform, diversified financing channels. Private equity and other fund to help SMEs solve the problem.
Ka into the auction company a special auction of rare books, soon to be auctioned is a handwritten poem nearly immeasurable metabolism of books, told reporters the industry, this auction is in the rare books in a moderate grade collections, even so, still cause many buyers looting.
At present, some collectors believe that this wave of investment boom will continue, so even in the hands of the collections have great profit margins, they are still reluctant to sell, waiting for higher prices.
Beijing Taihe Kerry as the auction manager Zhao Chao said: equal from 2009, has joined a number of new customers, there is probably some high real estate, there are some out of financial, that is, they have joined the ranks of The amount of money they do, certainly better than the old collector a lot more, there may be several times, turned up several times, probably some of the old collector, he may be something he likes, he may have not, and can only look at the edge, unable to enter the hands.
addition, the Fund's total market size and the total net asset value are both down. The total size of 2.4 trillion from the end of 2009 were now down to 2.3 trillion copies; the total net asset value from the end of last year's 2.52 trillion yuan fell to 2.42 trillion yuan, with 2007 a peak of 3.28 trillion yuan, compared almost shrunk by a third.
poor performance raised funds, private equity firms is to the survival of the occasion. Over the past month, down by the impact of market volatility,christian louboutin pas cher, there are over 100 private equity funds fell more than 10% of the net, over 10 private equity funds or even close to winding up of the net line. At present, the structure of private equity fund managers and investors, according to the proportion of products of different, more in line winding around $ 0.8-0.85. According to rough statistics, at present, at least six private equity structured products, net of 0.85 yuan in the vicinity, that is, some of which may have reached the winding-up line.
Understanding of private funds into there is a can not miss the channel is the major auction houses auction, I have here two results of the auction's spring auction in June 7 Sunset hammer Beijing Poly 2011 Spring Auction, with a total turnover of 6.13 billion Yuan, again breaking from the Jiade Chun shot just ten days ago, created by 5.323 billion yuan of Chinese art auction turnover of single-season record. June 8,polo ralph lauren, the end of the film in Beijing Kuangshi Chun, 2562 turnover rate of 85.62% auction, assembly exceeded 20 billion yuan, compared with autumn auction of 1.56 billion yuan last year, up 28.2 percent, compared with 1.085 billion yuan last year's spring auction rose 84 percent, a record high single-season record of transactions. Can be seen, these fanatical figures behind the large influx of private capital, the results of these private capital to pay close attention to the art of all kinds, even the last few people interested in rare books has become a popular commodity. Next we will take you to an auction site to look at.
Here is the Beijing Taihe
participating institutional investors: (grumble, some people)
Beijing Cultural Relics Appraisal Committee members Xian-Jun Meng said: There are generally businessmen, people in the sea which was very successful, working quickly bought and sold, make some money, we can not keep up because we do not understand the price , they are now than we understand.
auction company official told reporters that the price of rare books from 2000 to 2008, this time, basically belongs to a standstill, there is no growth, but the last two and a half years, the price of precious books turned five times, so it makes a lot of market and industry experts shouted to read.
not only choose your options for new buyers with little experience of money
LU see the phenomenon has been clearly demonstrated by the auction company.
three minutes, the final auction price of 83 million. Auction company staff told reporters that two or three years ago, the auction also sold around 200,000, most recently, rare books of the stock market soared, the auction for this price estimate is 500,000 or so, but reached 80 million or more, is how they can think of. Experts told reporters in the collectors, rare book is a very special category. In the collection, the emphasis is on the version of each period and historical value, mostly intellectuals, collectors, scholars and researchers. Therefore, the small number of this group, who hands in a lot of collections, we all know, the corresponding prices relatively stable. But the past two years, the influx of funds art craze has swept to the rare books that few people concerned about the category, price spikes.
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Ron DiFrancesco's voice softens and trails off. He barely finishes his sentences as he recalls his experience on Sept. 11, 2001. He speaks as if it happened yesterday.
"It was a living hell," he says. "I was mere seconds from death. ... I didn't know I was going to get out."
DiFrancesco is believed to be the last person out of the South Tower of the World Trade Center before it collapsed. According to some reports, he was one of only four people to escape from above the 81st floor.
A decade later, survivor's guilt still weighs heavily on him.
"I will carry with me to my grave whether I should have taken somebody with me," he says, "I still harbor a lot of guilt.
"Time does heal a bit, but it doesn't make you forget what happened. And I think, for our generation, it's our marking point in history. It changed the world that day," he says.
DiFrancesco prefers not to go into detail about his horrifying experience on 9/11. He says it forces him to relive the nightmare. In the past 10 years, he has given only a few interviews, including one for John Geiger's book The Third Man Factor and another for an article in the Ottawa Citizen. Based on those accounts, this is what happened to DiFrancesco:
The first plane had just struck the North Tower, and from his office on the 84th floor of the South Tower, DiFrancesco, a 37-year-old Canadian money-market broker for Euro Brokers, could see smoke billowing from the building. Moments after he left his office to evacuate, the second plane smashed into the South Tower, hitting the building between the 77th and 85th floors.
DiFrancesco was thrown against a wall by the force of the impact, and then he rushed to the nearest stairwell and headed down. On the way, he ran into a group of people trying to escape; they told him to go up the stairs instead, because the flames were too bad below.
As they debated which way to go, they heard someone calling for help. DiFrancesco and his colleague Brian Clark, an executive vice president at Euro Brokers, went to rescue the man, but DiFrancesco became overwhelmed by smoke and had to turn back.
He began to go up the stairs to find clear air, but the doors on each landing were locked, a safety mechanism to keep smoke from filling the whole building in the event of a fire. Panic set in as it became harder to breathe, so he turned around and started back down.
He reached a landing in the impact zone and joined others lying on the floor, gasping for air. But a voice told him to get up and keep going. He ran down the stairs, covering his face with his forearms as he fought through the flames.
Finally he reached the ground floor, where a security guard directed him to a different exit. As he reached it, he heard a giant roar as the building began to collapse. He turned and saw a fireball heading right at him. Days later, he woke up in the hospital with lacerations on his head, burns all over his body, and a broken bone in his back.
Ten years later, DiFrancesco, who is now 47 and living in Toronto, Canada, says the memories and the aftermath of 9/11 permeate his everyday life.
"The scars on my head and my arms remind me every day how fortunate I am," he says. "There are mementos throughout the house. In our living room, we have quite a few pictures of New York and a picture of the World Trade Center. We have a couple of albums of cards that people had sent, and there are some memorial books we look at [too]. They actually gave my wife the watch that was on my wrist on 9/11. It was broken, but it stopped at the exact time the building came down."
But the effects of his experience that day go much deeper than his scars and mementos. DiFrancesco's near-death experience changed his entire outlook on life.
"For me, being so close to death, I don't fear dying or moving on," he says. "When I was almost down and out, I did see the light, and I was prepared to go, but I'm here. … If I was to die tomorrow I would hate leaving my wife and kids, but I don't fear dying now."
DiFrancesco's whole mentality changed, too. He's constantly on alert, even when there's no imminent threat.
"I'm very aware of my surroundings and what's going on, what I'm doing, and what other people are doing," he says. "Whenever I go into a building or a room, I need to know where the exit is, because that day I wasn't in control, and I almost didn't make it out. It's a bit obsessive I think, but it's changed the way I think and the way I act."
Even seemingly normal occurrences cause terrifying flashbacks.
"When I see tall buildings and planes, it jogs my memory," he says. "Loud noises [and chaos] really bother me. I'm a little claustrophobic, so when [I'm] in a big crowd, it gets to me a lot. I also find screaming and yelling really gets to me."
But out of the pain and chaos came compassion, hope, and a deeper meaning to the idea of paying it forward. DiFrancesco and his family have always been religious and involved in community service, but the overwhelming outreach from their friends and neighbors after 9/11 moved them to make it a bigger part of their lives.
"When I was in the hospital, people were taking care of meals for the family, and that went on for months," he says. His community went out of its way to help get the DiFrancesco family back on their feet.
"My car was left at the train station, and my wife didn't know where it was. A neighbor came and found my car and brought it back to us," he explains. "And I only had the one key that was melted in the World Trade Center, so he went and got new keys made for my car."
The lengths to which his community went to support them inspired DiFrancesco and his wife more than ever to pay it forward and to teach their kids to do the same. Now, DiFrancesco is on the board of two charities: Villa Colombo, a home for Italian seniors, and Camp Trillium, a charity that promotes and offers recreational experiences for children with cancer and their families.
For the DiFrancescos, volunteering for Camp Trillium is a family event.
"I participate in this cancer bike ride ... we ride basically 60 miles a day for four days," he says. "My children and my wife are actively involved [too]. My two older children ride with me, and my two younger [kids] and my wife volunteer for the four days."
DiFrancesco has always enjoyed cycling, especially for a good cause, but ever since 9/11, his riding has taken on a different meaning, and he rides for an hour or two almost daily.
"I love the peacefulness of the road, riding my bike, and riding in a pack ... [it's] a bit of healing for me," he says. "I find it cathartic."
The healing process is an ongoing one for his family. Over the years, DiFrancesco and his wife have been collecting friends' and families' stories of how 9/11 affected them -- and may even consider putting them into a book.
"We both find it fascinating what you were doing that day ... people went home, picked up their kids from school, and hugged them and kept them close," he says. "Just hearing [their] stories ... it's interesting to find out what everyone was doing on that day."
There are still questions that may never be answered, and survivor's guilt is ever-present.
"I don't understand all of it," he says. "Why did I survive and 61 of my colleagues didn't?"
For DiFrancesco, though, one message is clear.
"When your number is up, He will call you. Coming so close to death, I believe you can't change destiny," he says. "Be happy with every day we have here."
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