Personnel changes Taimukaiqi China’s financial industry, the four regulatory agencies to determine substitutions. According to media reports, Jiang Jianqing, the central bank is about to assume office, the Commission Guo about his new post, new post Banking Regulatory Commission Shang Fulin, 28, has been key Junbo CIRC office.

Personnel changes in the above, Shang Fulin, chairman of the Commission retired and assumed the post of Guo is undoubtedly the most concerned about China’s stock market investors. After all, this is the wish of investors but also investors have high hopes.

Shang Fulin, Chairman of China Securities Regulatory Commission, as the Fifth, since December 27, 2002 Since his inauguration, President of the China Securities Regulatory Commission sit in this position for nine years. Shang Fulin has done a lot during this period is conducive to China’s stock market is conducive to state-owned shareholders, benefit of the issuer or listed company’s work. For example, the share-trading reform; launch small board and GEM; launch of stock index futures; implement market-based pricing of new shares issued and so on. (more…)

CEOs of state-owned enterprises into gambling, self-made banker, the company became a casino; by telling the master guide to Macao gambling, when up to 20 million won, but after six months lost more than 50 million against … This is the Guangzhou Ocean Shipping Supply Co., the former chairman Xiao Xianmin, a month ago was sentenced to 15 years. (July 30, “Southern Metropolis Daily”)

Gambling, a small number of state-owned veterans, the only life of luxury erosion, one aspect of style corrupt. In order to fully “enjoy” gambling brings “happiness”, a time to embezzlement, and ultimately send their own “guillotine,” the state-owned veterans, not the individual.

But, like Xiao Xianmin this way, a lot a lot embezzlement, gambling, and also the company into a casino, the dealer’s own boss, to have not seen. Even more ironic is that even also move as a “must not let others ‘, implies, this is for employees’ sake.” (more…)

November 5, 2011, gathered more than 50 elite entrepreneurs, entrepreneurs and economists Sohu Forum held in Beijing. Annual meeting to “re-balancing, dynamic growth: determination of age of uncertainty” as the theme. I attended a sub-forum “Red Sea Blue Ocean: How to writing a wealth myth.” At that time, the sub-forum, others are entrepreneurs, elite, only I do economic theory. At that time, I came to power, to think, for this issue, many entrepreneurs want to say something, they can grow their own business writing a wealth of experience to discuss the myth, but for me, to say what it? Then I thought, this may be the organizer of the carefully arranged to test the wisdom of professional scholars.

So, in turn say, I say, I tell a story to you. That is, the past few years, I class in Tsinghua University Beijing, especially with some of the entrepreneur class, I always ask a question. We present the largest or most willing to dream. Did not think 90% of young people told me that they want to “flourishes.” This answer to this, of course, for me is not satisfied. But then I thought, now the young Chinese society as a whole it not so? Many young people do not also wish they could “get rich” do?

Now I need to think about is why the vast majority of young people in our society who want a night of riches, their social consciousness based on what? Their nature dictates or social conditions? If nature, then the “leopard change its spots” of the. China, the personal interests of the community will maximize total depravity of society. The endless nature of the human acquisitiveness, then the social contradictions and conflicts will be inevitable. I think, actually has nothing to do with human nature, is more a social condition dictates. Because each life is a piece of paper to its nature. (more…)

Sino-Indian border issue between the two countries has been a sensitive topic, but Indian media has been “encouraged” the Indian government to strengthen the construction of border military defense “against” so-called “China threat.” Recently, the Indian media once again published an article advocating this argument, saying that the tension between China and India is invisible; articles cited the Chinese border, the so-called “action”, but also stressed that, if India is to get on border issues “sense of security,” they should do more than China.

According to India’s “Tribune” website article dated October 31, said, with India-Pakistan border, “volatile” is different from the tense relations between China and India are not visible, neither the barbed wire fence does not always ready to pull trigger of the gun patrol. But in the rugged mountains, the two big countries are vigilant of each other. (more…)

Against the decision of the Greek unexpected rescue the country’s latest plans for a referendum, rekindled fears of default on the country market, U.S. stocks tumbled on Tuesday

At 16:00 on November 1st EDT (GMT at 04:00 on November 2), the Dow Jones industrial average fell 297.05 points to close at 11,657.96 points, down 2.48%; Nasdaq Composite Index [0.18% 2011.66 ] fell 77.45 points to close at 2,606.96 points, down 2.89%; Standard & Poor’s 500 index fell 35.02 points to close at 1,218.28 points, down 2.79%.

In view of Greece’s fiscal austerity and the deterioration of the economic recession has sparked a growing public outcry, Prime Minister George – George Papandreou on Monday night announced shocking, will target assistance to the country’s latest rescue plan for a referendum. G20 summit later this week will be held in France.

Decision on the referendum in Greece before EU leaders last week to develop a three-pronged plan: to make banks and other private investors, the Greek government bonds held by 50% write-down to reduce Greece’s debt burden; to recapitalization of the European Bank [0.98 -2.00%] of; euro rescue fund to enhance the fire.

U.S. economic data the market showed little reaction. U.S. Institute for Supply Management (ISM) announced in October from September ISM manufacturing index fell 51.6 points to 50.8 points. According to the Bloomberg survey, economists on average expected to be 52.0 points.

European stock markets fell Tuesday, the biggest sell-off to bear the financial sector. Greek ASE Composite Index fell 5.9%. Tok Pan-os 600 index fell 3.5 percent, to close at 235.06 points. The three major indexes in Frankfurt, Germany DEX index plunged 5.00%, to 5834.50 points; the French CAC40 index in Paris plunged 5.38%, to 3068.33 points; UK FTSE 100 index fell 2.21%, to 5421.57 points.