A team led by Nikolaos Panigirtzoglou, a global market strategist at JPMorgan Chase, pointed out in a recent report that so far this year, retail investors have invested approximately US$485 billion in U.S. equity funds, and since mid-May, retail investors’ investment momentum in individual stocks and options has regained momentum. accelerate.

At the end of 2020, JP Morgan Chase estimated that retail investors will inject 500 billion U.S. dollars into the U.S. stock market throughout 2021. However, the Panigirtzoglou report recently stated that if the current purchase rate continues, the number may soar to $1 trillion.

However, the headwinds of US stocks are coming quietly, and the US stocks adjustment may be underway.

After the Fed released the “hawk” signal last week, the Dow Jones Index recorded its biggest weekly decline since October 2020. Moody’s chief economist Mark Zandi recently warned that the Fed’s “eagle” will trigger a 10% to 20% correction in US stocks.

The Federal Reserve issued an interest rate resolution last week, still deciding to keep the policy interest rate near zero and the scale of QE bond purchases unchanged, but it raised the two major managed interest rates. In addition, the interest rate dot chart released by the Federal Reserve suggests that as the economy recovers rapidly from the impact of the new crown epidemic and inflation rises, officials are expected to raise interest rates twice before the end of 2023, much earlier than expected in March.

Zandi hinted that in this context, the US stock market adjustment may already be in progress, because investors have begun to panic.

The Dow Jones index just set its biggest weekly decline since October 2020, down 3.45%. The S&P 500 index last week was the worst since the end of February, and the Nasdaq index, which is dominated by technology stocks, also fell last week.

Unlike the sharp decline in US stocks in the past few years, Zandi does not expect the stock market to recover quickly this time because market valuations are already very high. He expects it may take a year to resume the original rally. Although Zandi issued a warning to the market, he believes that the economy will avoid a recession because this recession is mainly due to risks caused by excessive asset prices, rather than serious fundamental problems. Zandi has been warning of inflation for months. At the beginning of March, Zandi asserted that inflation would be “far ahead”, and investors did not recognize and fully grasp the risks. Zandi said that inflation is still an issue affecting stock market and bond investors. Zandi believes that it is unlikely that the benchmark 10-year U.S. Treasury yield will continue to fall:

“Considering the current situation, I would not expect the yield to remain at 1.5% in the long term.”

Stocks and bonds are not the only risky assets that attract Zendi’s attention. Zandi also believes that the sell-off of commodities and cryptocurrencies is brewing more trouble. In addition, in the case of rising mortgage interest rates, he is worried about the sustainability of the booming real estate market. Coincidentally, Micheal Burry, the prototype of “Big Short” and a well-known hedge fund manager, also issued a warning to Bitcoin a few days ago, saying that retail investors who buy “group stocks” and cryptocurrencies are about to usher in devastating losses. In addition to holding stocks, Burry also issued a warning to cryptocurrency enthusiasts to borrow money to buy their favorite currency unscrupulously. He wrote on Twitter:

“Like most things, the problem with cryptocurrency is leverage. If you don’t know how much leverage there is in cryptocurrency, then you don’t know anything about cryptocurrency.”

According to CoinDesk data, after Bitcoin broke through $63,000 and hit a record high in mid-April this year, it has fallen by more than 40% so far. Ethereum has also fallen sharply after its surge, starting from the record high set in May. It has fallen by more than 45%. The Federal Reserve’s interest rate decision has caused turmoil in US stocks, and the sell-off of commodities and cryptocurrencies is brewing more trouble. We return to the beginning of the message and cannot help asking, will the momentum of retail investment throughout 2021 continue? New York Stock Exchange (NYSE) President Stacey Cunningham recently stated that the price of meme stocks (referring to stocks that retail investors are keen to buy on social media) may be distorted because most of these stocks are traded outside the US public exchange. Place. Cunningham said that the price formation of meme stock does not truly reflect the relationship between supply and demand. Morgan Stanley CEO James Gorman also said that meme stock has brought some benefits because this trend has attracted younger investors to enter the market, but warned that the dramatic rise in stocks such as AMC and Gamestop could be the “cause of disaster.” Gorman believes that the huge returns that some meme stocks have received in a short period of time are not healthy, and these gains are “to some extent the root of the disaster.”

A team led by Nikolaos Panigirtzoglou, a global market strategist at JPMorgan Chase, pointed out in a recent report that so far this year, retail investors have invested approximately US$485 billion in U.S. equity funds, and since mid-May, retail investors’ investment momentum in individual stocks and options has regained momentum. accelerate.

At the end of 2020, JP Morgan Chase estimated that retail investors will inject 500 billion U.S. dollars into the U.S. stock market throughout 2021. However, the Panigirtzoglou report recently stated that if the current purchase rate continues, the number may soar to $1 trillion.

However, the headwinds of US stocks are coming quietly, and the US stocks adjustment may be underway.

After the Fed released the “hawk” signal last week, the Dow Jones Index recorded its biggest weekly decline since October 2020. Moody’s chief economist Mark Zandi recently warned that the Fed’s “eagle” will trigger a 10% to 20% correction in US stocks.

The Federal Reserve issued an interest rate resolution last week, still deciding to keep the policy interest rate near zero and the scale of QE bond purchases unchanged, but it raised the two major managed interest rates. In addition, the interest rate dot chart released by the Federal Reserve suggests that as the economy recovers rapidly from the impact of the new crown epidemic and inflation rises, officials are expected to raise interest rates twice before the end of 2023, much earlier than expected in March.

Zandi hinted that in this context, the US stock market adjustment may already be in progress, because investors have begun to panic.

The Dow Jones index just set its biggest weekly decline since October 2020, down 3.45%. The S&P 500 index last week was the worst since the end of February, and the Nasdaq index, which is dominated by technology stocks, also fell last week.

Unlike the sharp decline in US stocks in the past few years, Zandi does not expect the stock market to recover quickly this time because market valuations are already very high. He expects it may take a year to resume the original rally. Although Zandi issued a warning to the market, he believes that the economy will avoid a recession because this recession is mainly due to risks caused by excessive asset prices, rather than serious fundamental problems. Zandi has been warning of inflation for months. At the beginning of March, Zandi asserted that inflation would be “far ahead”, and investors did not recognize and fully grasp the risks. Zandi said that inflation is still an issue affecting stock market and bond investors. Zandi believes that it is unlikely that the benchmark 10-year U.S. Treasury yield will continue to fall:

“Considering the current situation, I would not expect the yield to remain at 1.5% in the long term.”

Stocks and bonds are not the only risky assets that attract Zendi’s attention. Zandi also believes that the sell-off of commodities and cryptocurrencies is brewing more trouble. In addition, in the case of rising mortgage interest rates, he is worried about the sustainability of the booming real estate market. Coincidentally, Micheal Burry, the prototype of “Big Short” and a well-known hedge fund manager, also issued a warning to Bitcoin a few days ago, saying that retail investors who buy “group stocks” and cryptocurrencies are about to usher in devastating losses. In addition to holding stocks, Burry also issued a warning to cryptocurrency enthusiasts to borrow money to buy their favorite currency unscrupulously. He wrote on Twitter:

“Like most things, the problem with cryptocurrency is leverage. If you don’t know how much leverage there is in cryptocurrency, then you don’t know anything about cryptocurrency.”

According to CoinDesk data, after Bitcoin broke through $63,000 and hit a record high in mid-April this year, it has fallen by more than 40% so far. Ethereum has also fallen sharply after its surge, starting from the record high set in May. It has fallen by more than 45%. The Federal Reserve’s interest rate decision has caused turmoil in US stocks, and the sell-off of commodities and cryptocurrencies is brewing more trouble. We return to the beginning of the message and cannot help asking, will the momentum of retail investment throughout 2021 continue? New York Stock Exchange (NYSE) President Stacey Cunningham recently stated that the price of meme stocks (referring to stocks that retail investors are keen to buy on social media) may be distorted because most of these stocks are traded outside the US public exchange. Place. Cunningham said that the price formation of meme stock does not truly reflect the relationship between supply and demand. Morgan Stanley CEO James Gorman also said that meme stock has brought some benefits because this trend has attracted younger investors to enter the market, but warned that the dramatic rise in stocks such as AMC and Gamestop could be the “cause of disaster.” Gorman believes that the huge returns that some meme stocks have received in a short period of time are not healthy, and these gains are “to some extent the root of the disaster.”

Exclusive

Housing market Tax tricks with Interest settlements

Status: 06/17/2021 10:42 a.m.

Financial investors speculate with billions on the German housing market, but hardly pay taxes – thanks to a legal trick. The federal government wanted to close this loophole. But loud monitor – Research won’t come of it.

By Lutz Polanz and Jan Schmitt, WDR

“Behind this house is an American company, the trail of the owners leads via Luxembourg to the Cayman Islands” , tells Coni Pfeiffer, activist and spokeswoman for the # 200Houses network. Tenants from Berlin have come together to defend themselves against the conversion of their apartments into expensive condominiums and the greed of financial corporations. It is similar with the other houses on the opposite side, explains Pfeiffer. Here the trail of investors leads to tax havens such as Gibraltar or the Virgin Islands. The Berlin real estate market has long since become an Eldorado for major investors who want to remain anonymous. The official owners are companies with names such as Magenta Properties S.à.rl or Berlin Project-1 Property III S.à.rl The names often conceal complex corporate structures with a whole chain of companies. In the end, they lead to well-known tax havens, for example in the Caribbean.

Interest trick to save taxes

The elaborate company structures apparently also serve to avoid paying taxes to the German tax authorities. A completely legal interest trick helps the companies: The parent companies lend money to their subsidiaries who own the houses and land in Germany. In return, they charge them high internal interest rates – much higher than they would otherwise have to pay at banks. The interest payments of the subsidiaries reduce the profit in Germany and thus the taxes that would have to be paid here.

“The profits go to countries in which no tax is levied on interest income”, explains Gerhard Schick, board member of “Citizens’ Movement Finanzwende”. “Thanks to these high interest payments, it is practically possible to push the income abroad, so that in Germany you can tell the tax office that we have actually not earned any money, but that the profit is generated abroad.”

Billions are being lost to the Treasury

“Every year the German state loses five to seven billion euros as a result of the interest rate trick”, adds Christoph Trautvetter from “Network tax justice”.

So far, the tax authorities have been able to do next to nothing about it. There is no corresponding legal regulation. Specialists have been calling for them for years, for example Manfred Naumann, an expert in international tax law and head of department in the Federal Ministry of Finance for many years: “I am frustrated that the legislature and the Federal Ministry of Finance are unable to find such a regulation”, said Naumann in an interview with the ARD -Magazine monitor . For him the state wears one “complicity” because financial resources run into the billions “flow untaxed”. Proposals for such a regulation have long been on the table. Accordingly, the interest rate would always be used as a benchmark at which a group can borrow money from the bank. Demanding higher interest rates internally would only be possible if the group can justify it well. That would be a kind of reversal of the burden of proof, which experts believe would prevent a large part of the tax damage.

Paragraph disappeared

The Federal Ministry of Finance under Olaf Scholz (SPD) had proposed precisely such a new regulation in a draft law. But the CDU / CSU parliamentary group intervened and the corresponding passage was deleted from the draft. The Federal Council then made a new attempt to resume the regulation. But this was also thrown out at the instigation of the Union.

“Braking measures against money laundering, aggressive tax avoidance and tax evasion by the CDU / CSU has a long tradition”, criticizes Sven Giegold from the Greens in the European Parliament. However, he is also surprised that the SPD did not protest against it.

The Union faction wanted to get up monitor -Do not answer the request. The Federal Ministry of Finance, led by Scholz, is now apparently at a distance from its original approach. Corresponding changes “should ideally be coordinated internationally”, it says in a response from the ministry to a request from monitor .

Now the match ball lies with the Federal Council. He wants to decide at the end of June whether to call the mediation committee or wave the law through with the loophole

Gold Information:

On Monday (June 14), the US dollar index changed little, and investors turned to the Fed’s policy decision to be announced on Wednesday, which may reveal clues as to when the Fed will reduce its asset purchases. The price of gold fell on Monday. Spot gold fell as much as 1.7% at one point, setting a four-week low to $1,84.95 per ounce. Some investors worried that the Fed might outline the path to shrinking its expansionary monetary policy at its two-day meeting this week; However, in late trading, the price of gold rebounded by more than US$20 from the day’s low and rebounded to around US$1866. Some analysts predict that if Fed Chairman Powell maintains the view that inflation is only “temporary” and does not withdraw monetary stimulus, gold prices should be able to regain lost ground. Phillip Streble, chief market strategist at Blue Line Futures, said investors may have taken some gold positions before the Fed’s policy meeting that began on Tuesday. The Fed may hint that they will begin to shrink, which should put pressure on gold. He added that the Fed is already “withdrawing” liquidity from the system, which should also put pressure on gold. He was referring to the surge in the size of the Fed’s reverse repurchase operations last week. Friends who are interested in gold and crude oil investment but have no way of starting or are already in contact but are not ideal, pay attention to Artemisia mongolica to “adopt the situation” to obtain the latest financial information, daily market trend analysis, real-time trading strategy and medium and long-term layout.

Spot Gold·London Gold Market Analysis

From the perspective of the weekly line, the weekly line closes the small Yin line and is currently operating near and above the short-term line. The 5-week and 10-week moving averages are still moving upwards. The medium-term line is chaotic and directionless. MACD is moving upwards, KDJ is glued, and the indicators have no obvious direction. . The weekly rebounded from around 1676 to the highest around 1917, breaking through the downward trend line pressure. The weekly closed the two-week small Yinxian, but the resistance was not obvious. It is still possible to continue to fluctuate above the 10-week moving average and pull up to a new high. In the future To turn short in the mid-term, you need to break below the stable 10-week moving average, and the short-term line is glued, so that it can really turn to the short, otherwise it will oscillate in the high range, and may even pull up to a new high. From the perspective of the daily line, the gold daily line closes the Yin line and is currently running above the lower rail. The 5-day and 10-day moving averages are running downwards, the mid-term line is running upwards, MACD is running downwards, and KDJ is running downwards. The indicators are bearish. Gold dived again on Monday, falling from above 1877.89 to near 1844.2, closing at US$1865.8 per ounce. Obviously closed, the daily line looks like short-term shocks and bearishness, but if it fails to break through the 1855-1917 range, it will not go out of the general direction. In the end, it will fall below the 1855 line and close the line to confirm whether it is really empty in the future. It is necessary to break the daily high of this year to further open up the upper space. In summary, today’s short-term operation Jiang Xian suggested rebounding from the high altitude as the main, and the callback is supplemented by the low and more callbacks. The top pays attention to the first-line resistance of 1883-1888, the bottom pays attention to the first-line support of 1855-1850, and then the 1840 support level.

Crude oil information:

Oil prices rose slightly in the late trading session, hitting a high in more than two years earlier in the session. The increase in US crude oil production and the delay in restarting in the UK reduced expectations for fuel demand growth and tight supply. According to a forecast by the U.S. Energy Information Administration (EIA), shale oil production, which accounts for more than two-thirds of total U.S. production, is expected to increase by approximately 38,000 barrels per day to approximately 7.8 million barrels per day in July. The market reacted negatively to this. Phil Flynn, a senior analyst at Price Futures Group, said that the opening performance was strong. Given the high vaccination rate, the demand situation is expected to accumulate momentum. Subsequently, the EIA report caused the momentum to fade. Brent crude oil futures touched US$73.64 per barrel earlier, the highest since April 2019; US crude oil futures touched US$71.78 per barrel earlier, the highest since October 2018. The International Energy Agency (IEA) said on Friday that global demand is expected to return to pre-pandemic levels by the end of 2022, faster than previously expected. The IEA urges the OPEC+ alliance formed by the Organization of Petroleum Exporting Countries (OPEC) and its allies to increase production to meet demand. Motor vehicle traffic in most parts of North America and Europe is returning to pre-pandemic levels, and as blockades and other restrictions are relaxed, the number of flights on board has also increased. However, later on Monday, the UK postponed plans to cancel most of the remaining restrictions for one month, due to the rapid spread of the more contagious Delta variant virus.

Futures crude oil · U.S. crude oil market analysis

From the weekly perspective, oil prices closed for 3 consecutive weeks. The K-line is in a long position. Oil prices will continue to rise. According to the current turbulent trend, oil prices will not accelerate and it will be difficult to pull back. Therefore, we will continue to move upwards this week. Still relying on MA5 to show a bullish upward trend, below can focus on the 69.3 support. US crude oil opened at the 70.728 line on Monday. After the opening, the oil price saw a shock increase, and the highest was given to the 71.664 line. The daily line included a big Yang line, the high price broke the previous high, the low price did not Breaking the previous low, there was a bullish trend. The moving average system was arranged by bulls, running below the oil price to form a support. The oil price broke the previous resistance at 66.8 and continued to rise. The overall performance is in a bullish trend. From the 4-hour level, the Bollinger Bands are opening upwards, oil prices are running on the upper middle track, and the long moving averages are arranged, running below the oil price to form support. The lower support focuses on the opening level of this week, and then the moving average horizontal support. To sum up, Jiang Xian recommends that the operation is mainly low and low, and rebound is supplemented by high altitude. At the top, focus on the 72.0-72.5 first-line resistance, and the bottom support will focus on the 69.3-68.8 first-line support.

This article is contributed by Jiang Xian. I interpret world economic news, analyze global investment trends, and have in-depth research on crude oil, gold, silver, and other commodities. Due to the delay of online push, the above content is personal advice, and online postings are time-limited. Sexual, for reference only, at your own risk, please indicate the source for reprinting.

Industry collects billions Record sums for biotech companies

Status: 15.06.2021 10:46 a.m.

The successes of biotech companies such as BioNTech attract investors: The industry has a new financial record in Germany. But the exuberance could be followed by disillusionment. By Thomas Spinnler, tagesschau.de The entire biotech industry is currently benefiting greatly from the attention generated by the rapid and successful development of corona vaccines. The pandemic has given a boost to a sector that is already in the focus of many investors due to technological and medical advances in recent years. As the “Financial Times” (FT) reports, the venture capitalist Flagship Pioneering – one of the major investors in the Vaccine manufacturer Moderna – around $ 3.5 billion for a new fund. Its aim is to promote the next generation of biotech companies.

Fund tries a new model

When investing in the biotech industry, investors must calculate with particular risks. Many of the companies to invest in do not yet have a product on the market. It is uncertain whether this will ever be the case, as the path from research to a marketable product is very long and often fails.

01/06/2021

Flagship Pioneering is now trying a different way. What is special, according to “FT”, is that the fund’s goal is not the usual search for newly founded companies in which to invest. Rather, modern biotechnologies are to be developed in-house in certain segments under the umbrella of the fund. Only then are plans to set up companies as offshoots.

The profits are gushing

Unsurprisingly, financiers are on the lookout for business ideas; they smell a gigantic business. Just a look at the rapidly rising share prices of many companies in the past few months shows how convinced the market players are of a lucrative future for the sector. In fact, profits are gushing – at least for the best-known representatives who have successfully launched products. BioNTech generated a net profit of 1.1 billion euros in the first quarter of 2021. In the first quarter of 2020, the Mainz-based company had to accept a net loss of 53 million euros due to high research and development costs.

05/10/2021

The US vaccine manufacturer Moderna made in the first quarter profit – equal to a billion dollars. In the previous year, Moderna had to cope with a loss of 124 million. The turnover multiplied from eight million to 1.9 billion dollars. $ 1.7 billion of this comes from corona vaccine revenue. While Moderna shares rose by more than 200 percent in the past twelve months, BioNTech shares gained over 340 percent in the same period.

Lighthouse companies in particular benefit

In Germany, the biotech industry set a new financial record last year. As the experts from the testing and consulting company EY calculated in their Biotech Report 2021, financing in Germany reached a peak of 3.1 billion euros in 2020. A comparison with the USA shows the order of magnitude. According to EY, around $ 100 billion went into biotech financing for venture capitalists.

02/27/2021

“Covid-19 is a huge catalyst for the entire biotechnology industry,” said Alexander W. Nuyken, Head of the Life Sciences Sector in Strategy and Transactions at EY and co-author of the study. In their report, the experts at EY point out that the investments essentially relate to the flagship company BioNTech, which alone accounted for 51 percent of the financing volume in 2020. According to Nuyken, biotechnology is part of the solution to a problem that is a matter of fate for humanity. “That has come to mind.”

More help from the state?

This year it’s going on at a high pace: The “Handelsblatt” quotes from preliminary figures from the Bio Deutschland Association. Accordingly, the industry received a total of 870 million euros in capital from January to May. That is around three and a half times as much as in the same period last year. Nuyken campaigns for the state to help even more: “I hope that politicians show more will to improve framework conditions.” There is now an opportunity for the biotech scene to play a major role in this country in the long term or to play an even greater role in the future.

Hope for new products

In fact, taxpayers have already made a major contribution to making the industry so successful: Since the beginning of the pandemic, governments have allocated tens of billions to research and development on vaccines, which are now generating sales and profits for companies. However, it is uncertain whether, thanks to the many fresh billions, the supply of innovative medical products will make a leap. Nuyken warns of disappointing expectations: “If investors with no biotech experience think they can make a quick buck here, they’re wrong.” After the boom, the expert warns, disillusionment could quickly set in.

Once highly sought after by capital, now it has fully entered the ice age. Where is the future of online education companies?

Author | Wang Jiarui

Edit | and Yirong

Cover | Mapworm Net

Online education has ushered in an industry shock.

In just one year, the development of online education has been like a “roller coaster”. It has not only experienced the influx of industry outlets and the crazy influx of capital, but also suffered the looting of industry regulatory storms and capital ebb.

With the introduction of a series of regulatory policies, the online education industry has fallen to the bottom, and the stock prices of listed companies such as New Oriental, Good Future, and Gaotu Group have plummeted, and have generally fallen by more than 50% since the beginning of the year.

Many companies have laid off employees and contracted their businesses in order to protect themselves.

According to many media reports, Job Gang is about to start major layoffs and is currently conducting interviews in accordance with the department, mainly for low- and young business lines. Resigned employees are compensated in accordance with the statutory N+1 policy.

Gaotu Class is no exception. According to late reports, the proportion of layoffs was 20%. Its 3 to 8 year old enlightenment business “Early Enlightenment” was cut off across the board, and nearly 1,000 employees were forced to transfer or leave. In addition, news of large-scale layoffs have also been reported in Yuanfudao and Chalk Education.

Once highly sought after by capital, now it has fully entered the ice age. Where is the future of online education companies?

When the tuyere encounters a regulatory storm

A sudden epidemic has pushed online education to the forefront. According to data from iResearch Consulting, the online education industry market scale in 2020 will increase by 35.5% year-on-year to reach 257.3 billion yuan. The main reasons for the rapid growth are low-children, quality education, and the acceleration of the online process of K12 discipline training track.

According to the statistics of the open data of the entrepreneurial state, so far, the total financing of Ape Coaching, Job Gang, VIPKID, and Spark Thinking is 4 billion U.S. dollars, 3.4 billion U.S. dollars, 1 billion U.S. dollars, and 600 million U.S. dollars, respectively. .

According to IT orange statistics, as of June 2, the valuations of Yuandaodao, VIPKID, and Spark Thinking reached 15.5 billion U.S. dollars, 4.5 billion U.S. dollars, and 1.5 billion U.S. dollars, respectively. The last financing of Jobbank occurred on December 28, 2020, and the valuation after the completion of the financing reached approximately US$11 billion.

However, the high financing amount and high valuation cannot change the fact that no online education company is profitable. These online education companies are madly burning money to acquire customers. WeChat, Douyin, APP screens, subway stations, elevators… wherever you can see online education advertisements, and marketing costs remain high. At the same time, false propaganda and excessive propaganda continue to raise questions.

Regulators began to take action.

On April 24, institutions such as Xueersi Online School, Gaotu, Netease Youdao Premium Classes, and Yuanjiao were notified by the Beijing Municipal Education Commission for violations of regulations and early admission fees.

The next day, the Beijing Municipal Bureau of Market Supervision organized special inspections for off-campus education and training institutions, and investigated and dealt with violations of prices and false propaganda by off-campus education and training institutions in accordance with the law. Four off-campus education and training institutions such as Gaotu Classroom, Xueersi, New Oriental Online, and Gaosi were fined 500,000 yuan.

On May 10th, the Beijing Municipal Market Supervision Bureau implemented false or misleading commercial propaganda behaviors and price tactics to lure consumers into transactions due to fictitious teaching experience and other false content, and imposed two leading online education actors in accordance with the law. Beast-Job Gang and Ape Guidance were given a warning and a fine of 2.5 million yuan respectively.

A bigger storm is still behind.

On May 21, the 19th meeting of the Central Comprehensive Deepening Reform Committee formally reviewed and approved the “Opinions on Further Reducing the Burden of Students’ Work and Extra-School Training in the Compulsory Education Stage” (referred to as the “Double Reduction” Opinions). The burden of student homework and off-campus training.

On June 1, the new version of the “Law on the Protection of Minors” came into effect. On the same day, the State Administration of Market Supervision announced the decision to impose top fines on 15 off-campus training institutions for false propaganda and price fraud. The total amount of fines was as high as 36.5 million yuan.

Almost overnight, the “enthusiasm” of online education has cooled.

Way out

Regarding the reason for the sudden advent of strong supervision, a well-known investment institution investor who did not want to be named told Chuangye Bang that the regulators are not only concerned about false propaganda and price measures, but more importantly, social equity. Online education is placed in the current social environment, which actually affects the balance between fairness and efficiency.

Facing strong industry regulation, investors in the primary market have become extremely pessimistic about the online education industry.

“Investors dare not place any more orders. This industry is currently unsustainable.” The above-mentioned investor said.

In this investor’s view, since 2017, companies in the online education industry have been doing online large-scale classes. The essence of large-class classes is to buy and sell classes. Once they do not buy, their income will drop very sharply. At the same time, none of these companies has made money so far. A business model that hasn’t made money for five years under the acceleration of the entire industry is most likely because this business model is a false proposition.

He said that in the absence of follow-up financing for blood transfusion, some top unlisted online education companies are likely to face the risk of breaking the capital chain within six months or one year.

Another unnamed industry analyst said that for online education companies that are currently unlisted, such as job help, ape tutoring, VIPKID and other leading companies, related listing plans may be disturbed, and the pace of listing and financing may slow down and need to be calmly reassessed. Business form, scope of listed assets and timetable for re-planning.

If these companies really can’t continue to operate, it means that investors’ nearly tens of billions of dollars of investment have been in vain.

It is undeniable that online education breaks the traditional education form, breaks through the shackles of time and scene, and brings unprecedented industry changes.

More industry insiders are actively discussing the future of the online education industry. A number of brokerage industry analysts have told Entrepreneur that the logic of industry development and online education will change.

One view is that regulation will benefit leading education companies that have already gone public.

An analyst from Minsheng Securities who did not want to be named believes that in the future, the extracurricular tutoring market may increase supervision or become the norm. In the short term, the industry may experience pains due to stricter regulation. But in the long run, under the premise that the overall selection system remains unchanged, the demand for training is still strong. After the small and medium organizations at the tail are squeezed out, the demand will be concentrated in the large organizations at the head.

For different tracks, the impact of regulatory policies is quite different. For example, the new version of the Law on the Protection of Minors stipulates that “kindergartens and out-of-school training institutions shall not provide primary school curriculum education to preschool-age minors.” All cancellations due to violation of laws and regulations.

Pang Ming believes that under the disorderly expansion of capital, the brutal expansion and extensive operation characterized by low prices, price wars and other vicious competition patterns will no longer be feasible. In the short term, only companies with high marketing efficiency, high renewal rates, and high retention conversion rates are expected to achieve lower customer acquisition costs and are more likely to overcome the difficulties.

At the same time, considering the imbalance in the distribution of educational resources and the difficulty of a fundamental change in the selection and evaluation system in the short term, there is still a demand for online education in the market.

In the future, online education companies should abandon the development mentality of burning money to pursue scale and volume, optimize the balance of large class, small class, and one-to-one curriculum system, and change the placement of conversion as the main purpose to objective publicity. Brands, to strengthen brand awareness-focused placement.

Only in this way can online education adapt to normalized supervision and competition.

Investors in high spirits Why the DAX rushes from record to record

Status: 14.06.2021 4:03 p.m.

While the economy is only slowly picking up pace after the Corona openings, the German stock market does not seem to be stopping. What are the main reasons for the price boom? From Lothar Gries, tagesschau.de The German leading index DAX rose by up to 0.7 percent in the morning and climbed to a record high of 15,802 points – the 23rd record this year. The index has risen by 15 percent since the beginning of the year. The stock exchanges are also in record-breaking mood at the European level. The Stoxx 600 index, comprising 600 values, also climbed 0.7 percent today and reached its 38th high this year with 460.51 points. The stock markets are fired from several sides. The most important driver is the expansionary monetary policy of the central banks in the USA and Europe. Since the European Central Bank (ECB) lowered the key interest rate to zero on March 10, 2016, i.e. more than five years ago, the returns on traditional savings offers from banks and savings banks have also shrunk to such an extent that even risk-averse German investors are looking for alternatives have looked around. In addition to real estate and precious metals, stocks are very popular.

More and more shareholders

In this country there were as many shareholders last year as last year in 2001, as determined by the German Stock Institute (DAI). According to this, 12.4 million people in Germany have invested in the stock market, i.e. they owned exchange-traded securities such as fund shares or stocks. Compared to 2019, that’s an increase of 2.7 million or 28 percent. The downward trend of previous years has thus been completely reversed. After the dot-com bubble burst in 2000, the number of equity investors in Germany steadily declined – until interest rates sank to virtually zero. But the ECB has not only boosted the number of shareholders and thus share investments, it is also active on the capital markets itself. In order to keep the economic effects of the corona pandemic as low as possible, the central bank is pumping many millions of euros into the market every day. To do this, it buys bonds issued by governments and companies. By the end of March 2022, she wants to spend the gigantic sum of 1.85 trillion euros, a number with twelve zeros. A considerable part of it flows into the stock market and drives prices to ever new heights.

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No end of the flood in sight

In the past few weeks, there have been repeated suspicions that the central banks in Europe and the USA will soon be able to turn the money off again because inflation is reporting back and price increases have shot far beyond the monetary authorities’ targets. But both Jerome Powell, the head of the US Federal Reserve (Fed), and ECB President Christine Lagarde initially gave the all-clear. Just today, Lagarde said in an interview with the magazine “Politico” that the time was not yet ripe for a discussion about an end to the crisis bond purchases by the central bank. “It is far too early to debate these issues,” said Lagarde. The economic recovery must be firm, solid and sustainable. Don’t take a patient’s crutches off until the muscles begin to build up sufficiently – so that the patient can move on their own two legs again.

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V-shaped economic recovery expected

In addition, investors are assuming that the pandemic-related restrictions will end soon. “The pandemic is no longer an issue at the latest with the now significantly lower number of new infections, and investors also seem to be able to come to terms more and more with the fear of inflation,” says market expert Milan Cutkovic from brokerage firm Axi. With the decline in Covid-19 restrictions, growth expectations are skyrocketing around the globe. The Organization for Economic Cooperation and Development (OECD) expects the global economy to grow by 5.7 percent this year. For Germany, the federal government expects growth of up to four percent. The prognosis from the beginning of the Corona crisis that there will be a V-effect in which the economy first collapses, but then quickly recovers, seems to be confirmed. This is rather good news for equity investors, because they hope that a growing economy will generate increasing profits and thus rising prices for listed companies.

Price turbulence ahead?

This combination of a zero interest rate policy, a glut of money from the central banks, a growing number of shareholders and the expectation of a rapid recovery in the global economy is driving share prices to ever new heights. But the air is getting thinner. Many investors are watching the Fed’s monetary policy deliberations this Wednesday. It is true that the Fed is not expected to deviate from its current course and end the boom in the financial markets. “But their projections on inflation, interest rates and the economy could cause price turbulence,” says Naeem Aslam, chief market analyst at the brokerage firm AvaTrade.

Price capers of the Windeln.de share The dangerous game of gamblers

Status: 10.06.2021 6:24 p.m.

Small investors let shares of the baby outfitter Windeln.de shoot up first – then they crash. This risky game is powered by social media. Newcomers in particular make a lot of mistakes. From Angela Göpfert, tagesschau.de From the so-called penny stock to the investor’s favorite: The story of Windeln.de reads so seductively simple at first glance. Within a few days, the paper soared from around 70 cents to 6.92 euros – a staggering price increase of almost 900 percent. The share of the online baby outfitter was not driven by new, positive news about the development of the company, but by a host of gamblers who drum for the company in investor forums such as Reddit and on social media.

Report of loss in April

They drummed for a company that made a net loss of 13.7 million euros in 2020 and officially announced in April that it had suffered a loss of more than half of its share capital. In other words: Windeln.de obviously needs fresh money. The notification of loss was by no means voluntary. Rather, Windeln.de thus complied with an obligation imposed by the legislator: Companies must inform if losses have exceeded a critical limit and there is an urgent need for action.

“Flagpole” as a warning signal

The course of the Windeln.de share seems all the more absurd. Experts speak of such a steep, almost vertical rise in price “Flagpole”. Many stock market beginners are attracted and seduced by such price patterns. One would have loved to have this share, since it would have enabled one to multiply one’s capital in a very short time.

The so-called “Flagpole” is clearly visible in the Windeln.de chart. Image: tagesschau.de For technical analysts, i.e. stock market experts who analyze price developments and other market data, this is the “Flagpole” but one thing above all: symbol of an exaggeration phase on the stock markets – and thus a clear warning signal. The Federal Association of Consumer Organizations (VZBV) is also critical of the current price developments at Windeln.de, Nanogate, Clover Health, Gamestop and other stocks with particularly noticeable highs: “This has nothing to do with investing, it is pure speculation”, said Christian Ahlers, speaker in the financial market team tagesschau.de .

A “Fireworks” of investor errors

At Mojmir Hlinka from the Swiss asset manager AGFIF International, the alarm bells are ringing when stocks like Gamestop or Windeln.de are mentioned: “These are pure speculative objects, without any substance.” The Swiss expert makes a whole in this context “Fireworks” on the basis of typical investor errors, especially the neglect of the likelihood that certain events can occur. Experts speak of “neglect of probability”. “The tiny probability of making a profit on such stocks is massively overestimated by investors. In contrast, the great probability of a loss is clearly undervalued”, told Hlinka tagesschau.de .

When emotions are involved

Hlinka’s perspective on the markets is a special one, as he operates asset management on the basis of the so-called “Behavioral Finance”. This economic research direction is based on the findings of the psychologists Daniel Kahnemann and Amos Tversky. Accordingly, the investor does not act rationally, but is controlled by his emotions and typical behavioral patterns. As a result, he makes mistakes that reduce his profits. Such a typical mistake has a lot to do with paying attention to certain papers. “These stocks are widely reported in the media, especially on social media”, emphasizes AGFIF expert Hlinka. “This means that more information is available to them more easily. That automatically makes them more interesting for investors.”

Social media fuel herd instinct

Another problem for the normal investor is the herd instinct: Many people like to do what the masses do. “This phenomenon can be observed in any stock market hype. People feel safer in the herd”, emphasizes Hlinka. “Investors’ herd instinct is currently controlled primarily via social media. Quasi real sects are forming in the investor forums.” Consumer advice center expert Ahlers is similarly critical and warns: “Tip givers and sellers can also be found in social networks, who may do more than exchange investor experiences and may also advertise dubious investments.”

Financial regulators advise caution

The German financial supervisory authority BaFin has now recognized this: “BaFin advises all investors to check the information provided on social media very carefully with the help of other sources”According to the agency’s website. “Chat groups in social networks are often only used to entice investors to buy certain stocks so that the senders can benefit from the rising prices of these stocks.” As new as the influence of social media on share prices may be, the mechanisms behind the current excitement about papers like Windeln.de have been well known for centuries. The first big hot topic in financial history was tulip bulbs. Numerous other bubbles followed – from railways, the South Seas, the Internet industry to US real estate, to name a few. “Each of these bubbles has burst so far”, says Hlinka. “History has proven that. At some point this hype will also burst.”

Massive price drops

Perhaps the bursting of the bubble has already begun with a look at some of the shares: Today the Windeln.de share rushes down by up to 35 percent. Clover Health stocks fell 24 percent on the Nasdaq yesterday. When exactly a bubble will burst is difficult or even impossible to predict, even for experts. But the stock exchange world has also found a technical term for this: the “Greater Fool Hypothesis”, according to which prices will continue to rise as long as there is one in the market “even bigger fools” there who pays even more.

Accordingly, US investors have made a profit of up to $ 4.1 billion by investing in this world’s number 1 “virtual currency”. Right behind the US is China with 1.1 billion USD. The remaining positions in the top 5 include Japan ($0.9 billion), UK ($0.8 billion) and Russia ($0.6 billion). Notably, this list also includes the presence of Vietnam. According to Chainalysis estimates, Vietnamese investors have earned $0.4 billion in 2020 by investing in Bitcoin. On a global scale, Vietnam ranks 13th in the world in terms of Bitcoin-related profitability. Vietnam is also the 4th country in terms of cryptocurrency profits, just behind China, Japan, and South Korea. Ranking of the 25 most profitable countries from Bitcoin in 2020. According to Chainalysis, due to the decentralized nature of the technology, it is very difficult to find out where the parties are in a cryptocurrency transaction. The published results were estimated using transaction data from services that Chainalysis tracks. In its analysis, Chainalysis measures the total volume of Bitcoin transactions at each crypto exchange. They estimate the amount earned by the difference in the price of Bitcoin at 2 times of entering and leaving the exchange. Chainalysis then distributes this profit based on each country’s share of web traffic on each exchange. By doing this, Chainalysis has produced a report on how much return investors in each country will make with Bitcoin in 2020. Even so, Chainalysis’s methodology is approximate and not yet available. regardless of the profits from the digital assets still in the exchanges. Vietnam currently ranks 10th on the Global Cryptocurrency Acceptance Index. According to Chainalysis, Vietnam is a perfect example of a country where the level of participation in cryptocurrency transactions far exceeds the ranking of the economy. Although only ranked 53rd in GDP with about $262 billion and ranked as a low-middle-income country, Vietnam still has a fairly high level of acceptance for cryptocurrency transactions. Accordingly, Vietnam ranks 10th out of 154 countries in the Global Cryptocurrency Acceptance Index. This is one of the rare indexes where Vietnam has the same rank as developed countries such as the US, China or South Africa, even more than many other developed countries such as the UK, France, Germany, and Spain. , Japan, Korea,… With such popularity, Chainalysis is not surprised that Vietnamese investors ranked 13th in the world in terms of income earned from Bitcoin in 2020. Many Vietnamese Bitcoin investors have won big in 2020. Similar to Vietnam, this phenomenon also occurs in a number of other countries such as the Czech Republic (54th in GDP, 18th in income from Bitcoin), Turkey (25th in GDP, 16th in revenue). Bitcoin income) and Spain (19th in GDP, 9th in Bitcoin income). On the other hand, despite having the 4th largest economy with the 2nd largest population in the world, India is being left behind in the crypto economy. In 2020, the country’s investors only made 241 million USD from the increase in the price of Bitcoin, ranked 18th in the world. This is because the Indian government does not seem to be very friendly with cryptocurrencies. India used to ban all cryptocurrency transactions in the country, until the Supreme Court of India lifted the ban in March 2020. Although many Vietnamese investors are making big profits from cryptocurrencies. Having said that, investing in Bitcoin or other cryptocurrencies is a very risky investment. Therefore, investors need to be careful and learn carefully before deciding to enter this harsh market.

The victim said that on June 18, 2020, he had invested in GBhub Company and was introduced to this business as a partner of… Google. The reason is that after consulting and researching, this retail investor saw that GBhub Company has a logo similar to Google’s logo, and there are many websites associated with the “giant” of technology Google. Therefore, Mr. Du trusted him, so he invested without thinking much. To open an ID (account) to log into the company’s website, Mr. Du must pay an account activation fee and receive weekly interest. CEO of GBhub . Company After officially becoming an investor of GBhub Company, Mr. Du was given a promise to make investors throughout the provinces and cities in the country more confident such as: opening a visa payment gateway in August and September 2020; open a private exchange of GBPro coin for investors to trade on the exchange quickly; opened an investment fund company, a Block Chain academy in Vietnam in October; and finally opened the “banking portal” GBCloudbank (self-proclaimed international affiliated bank; trading more than 22 different currencies around the world) in November of the same year. Through this “banking portal”, GBhub company said it will pay interest daily and withdraw money directly from USD to VND. Initially, the company paid interest for regular withdrawal so that investors had confidence in the future of the business, so some people in different provinces and cities also put their savings to invest in. However, up to now, GBhub Company has not fulfilled any promises, only opening GBCloudbank and allowing investors to withdraw money in the first month. After that, this account… does not allow withdrawal anymore. For example, investors deposit 10,000 USD, then they will receive interest of 40% of the deposited amount. The next week, they paid $6,000 again, and got a 40% interest again. The third time, they have to enter 10 thousand USD, this time they can withdraw 40% of the amount paid. The fourth time, they paid another 10 thousand USD and the company… locked the phone. GBhub . Company’s “explosive” advertisement From January 2021 up to now, virtual currency participants have not been able to withdraw a single coin from the bank portal and were also emailed by a representative of Google Vietnam “warning about abuse of power and spreading fake logo images”. by Google”. The money that they are receiving daily interest will be sold to the so-called “managers” in Vietnam at extremely low prices compared to the USD price.Currently, the company has blocked the contact of phase 1 investors. with stage 2 and lock the ID (password) so that these victims can do nothing more. According to our research, many victims have used money in savings books, even borrowed, mortgaged real estate documents… to participate in playing virtual money and “lost money”. On April 6, GBhub Company held an office opening ceremony on Le Hong Phong Street (P2Q10) but did not have… a license to operate. Then, on April 24, this business also opened an office in Nghe An, located on Nguyen Quoc Tri Street (Hung Binh Ward, Vinh City). The director of this company is both Malaysian and Vietnamese. On its website, the company advertises that “global membership will surpass one million in the next three years”. LS Nguyen Thi Sinh (Ho Chi Minh City Bar Association) said that the Ministry of Finance needs to coordinate with departments and sectors to come up with regulations to protect the rights and interests of investors when investing in the virtual currency market. Despite always being warned about potential risks, what makes virtual money still attractive to investors is the huge profit offered to attract. Not to mention, more sophisticated, many virtual currency exchanges also entice investors to buy real virtual currencies, then use these virtual currencies to buy back “junk” virtual money to make high profits, then investors lose everything. their investment amount. Currently, many people are interested in investing in GBhub, especially the elderly in rural areas. It is easy for them to lose money for real money investment games on virtual networks because the servers are located abroad. The company will call from person to person to transact with cryptocurrencies in a short period of time, to avoid statements and documents. After that, the company will close the server (server), that is, delete all original data information of customers, causing them to lose money.

On May 18, ETC (Ethereum Classic) was trading for $89, while ETH (Ethereum) was up to $3,407. It can be seen that, with a cheaper price, ETC is a superior choice to own Ethereum that investors should consider switching. In terms of features and structure of the Ethereum Classic (ETC) coin, there are some differences compared to other cryptocurrencies, but the most important is still buying in large quantities and owning a lot of cryptocurrencies with low price less costly payments. In terms of arbitrage performance, as of May 2021, the price of Ethereum (ETH) has increased by 367%. Besides, the results of the tally on the floor Yahoo Finance The end of 2020 also shows the ETH price ending at $730.37. As of May 18, it was at $3,407. That shows that the value of ownership has increased 4.67 times compared to the end of December 2020, equivalent to an increase of 267%. According to the data of Yahoo Frinance, c We should look at the net worth of ETC at the end of 2020 at $5.70. This means that ETC has increased by 15.64 times (equivalent to a performance of 1,464%). It is clear that the above indicators have shown that Ethereum Classic has significantly outperformed Ethereum, equivalent to an increase of 1,464% compared to 367%. That’s 4x better performance. Ethereum Classic is up 1,464 percent compared to ETH’s 367%, which translates to four times the performance. Photo: Internet. Outstanding Features of Ethereum Classic Ethereum Classic (ETC) is a cryptocurrency created and developed from the Blockchain technology of Ethereum (ETH) after the DAO fund of Ethereum investors was hacked which stole more than 50 million USD. From the moment it was created, Ethereum transactions have been running on the Ethereum Classic Blockchain platform until it is done.” hard fork” then these two blockchains officially operate separately. The result of the split process due to the policy adjustment but the project development participants did not agree and a batch “fork” is the split among crypto developers that took place in 2016. Ethereum Classic still carries the same features as Ethereum such as the implementation of smart contracts and distributed applications. Ethereum Classic has similar specifications to Ethereum such as average block time, size, and block reward. Ethereum Classic has a circulation limit of 210 million tokens, which is different from Ethereum’s unlimited issuance. According to the Coinmarketcap , ETC was issued 116.3 million tokens, representing 55.4% of the total expected. The circulating supply of Ethereum Classic reaches 50% and is likely to be “squeezed” by the number of tokens like Bitcoin – as the double mining difficulty caused Bitcoin’s price to surge earlier this year. Photo: Coinmarketcap. As predicted by technology experts, ETC’s token is similar to a tight squeeze like Bitcoin (BTC) in the near future. Bitcoin had 18.7 million tokens issued out of a total of 21 million, or 89% of the total. Since less than 11% of all Bitcoins currently available can be mined, there is a marked increase in production rate pressure on investors once the price rises as with Bitcoin. At the end of 2020, Ethereum Classic Labs allowed ETC holders to gain access to the DeFi (decentralized finance) market. They introduced “Wrapped ETC” (WETC), which allows ETC holders to “stake” their tokens. This is where they agree not to trade tokens for a specific period of time and in return receive interest payments in “Wrapped ETC”. In fact, it’s the same way a certificate of deposit works at a bank. WBTC allows users to transfer their tokens from one Blockchain to another, extending the utility of the token to work across multiple networks. Easy migration brings greater liquidity to the Ethereum ecosystem including decentralized exchanges (DEXs) and financial applications. What to do with Ethereum Classic? Some see the Ethereum Classic (ETC) token as a way to make money faster on the Ethereum Blockchain platform. The current market cap is $10.3 billion and that of Ethereum (ETH) is $395 billion. So the value of ETC is only 2.6% of ETH. Assume that, ETC achieves a market cap of $39.5 billion (10% of ETH). At that point, ETH will be boosted by at least 50%, which equates to an ETC market cap of $60 billion (10% of $600 billion). Equivalent to the growth rate of ETC is 600% compared to 50% of ETH. Let’s say it’s going to take us three years for this to happen. That implies a gain of 482.5% over three years representing a very attractive return on investment (ROI) rate for investors. That’s 90x faster than ETH’s 50% gain. ETC-USD is likely to ‘catch up’ and grow 90 times faster than ETH-USD over the next three years. Photo: Tygia.vn Given the meteoric rise of Ethereum (ETH) this year and ETC’s ability to “catch up” seems possible. Therefore, many investors in Ethereum should think of diversifying crypto trading by buying more ETC as an alternative to ETH.

Scam notice on DeFi100 website. Screenshots. “We fooled everyone and nobody could do anything about it,” said the statement, signed by Devsin, who is said to be the head of the DeFi100 project. According to the above information Coinmarketcap , DeFi100 is a project to create a simulated value fund, that is, the value of D100 issued will depend on the total value of the decentralized financial market (DeFi). The team that developed this project took the name Wrapp3D, but all members hid their true identities. This project’s D100 coin has been released on the Binance Smart Chain network since February. After that, some users warned about the dangers of DeFi100. On Twitter, user Tom suggested that DeFi100 was originally intended to issue a token with a price-adjusted supply (rebase token). However, when this plan failed, they planned to switch to the liquidity pool model. “This whole project is a scam. Devsin manipulates and deceives investors,” user Tom asserts. The price of D100 coin has been decreasing steadily over the past week, and dropped sharply after the scam information. Screenshots. According to the account Mr. Whale on Twitter, who claims to be a crypto analyst, total scams from the DeFi100 project amounted to $32 million. “When the market is no longer going up, many projects will disappear. Don’t be surprised that many scam projects will be reported in the next few months. Never invest in projects that are too new, with development teams. anonymous development, created as a joke and has no real purpose”, account Mr. Whale warned. According to the CoinDesk , does not rule out the possibility that DeFi100’s website was hacked to post the aforementioned notice. By the morning of May 23, the notice on the DeFi100 website had been removed. The value of the D100 coin has fallen nearly three times in the past week, from $0.2 to $0.077. DeFi100’s Twitter account has had no new announcements since March. In the crypto world, a developer scam is also known as a “rug pull”. This is a fairly common form of fraud, especially with decentralized finance (DeFi) projects, when all transactions are conducted by code, not by an organization.

This coin is developed based on the Binance Smart Chain platform and is tradable similar to Bitcoin or Dogecoin. Currently, STOPELON is priced at about 0.0000537493 USD/VND. However, buying and selling this coin is quite complicated. The issuer only allows users to trade on the PancakeSwapv2 exchange. The symbol of the coin STOPELON. Photo: ManOfMany. Even so, the developers have some policies to make STOPELON attractive to investors such as 6% refund of transaction fees. The destruction rate of this coin is 40% of the total 1 trillion coins to fight inflation. STOPELON shows the anger of investors with billionaire Tesla when this coin once had a strong growth of more than 4,000% in just 1 day. In addition to STOPELON, the market also has available cryptocurrencies created to oppose Elon Musk such as FuckMusk, FElon… According to the InputMag , Elon Musk has made a lot of profit after the crypto craze. However, investors believe that the market volatility created by Musk will soon come to an end.

According to analysts, Bitcoin is too expensive, causing investors to rush to find new digital currencies to profit. As a result, Ethereum has increased by more than 40% in value in the past April. Ethereum cryptocurrency was launched in 2013 with the purpose of being used to transact for an intranet of the same name. Now it is turning these crypto holders into billionaires with skyrocketing prices. The Ethereum cryptocurrency is also benefiting from the rise of NFTs, aka non-fungible tokens. This is a digital asset designed to represent ownership of unique virtual items such as art and sports memorabilia. Many NFTs like CryptoKitties and CryptoPunks are all running on Ethereum. However, this outburst of activity has resulted in congestion on the Ethereum network. Ethereum is currently being upgraded with the ambition of enabling faster transaction times and reducing the amount of power required to process transactions.

“The desire to get rich quick makes new investors vulnerable to scammers. Authorities may not have the resources to deal with all cases.” Investors’ Chronicle comment. Action Fraud data shows that in 2020, crypto-related scams in the UK increased by 57% year-on-year to 5,581. Not to mention the scams that have not yet been reported. In January 2021, the number of fraud cases doubled from the same period in 2020 to 720 cases, or 23 cases per day. Scammers have more and more sophisticated tricks to scam cryptocurrencies. Photo: Reuters. Losing hundreds of millions of dollars According to sources of Investors’ Chronicle , victims in the UK lost 113 million GBP ($159.62 million) last year. A common tactic used by scammers is soliciting calls and other forms. In January 2021 alone, victims lost about 14.3 million GBP ($20.2 million), which means that each scam stole about 20,000 GBP (28,251 USD). Bitcoin price skyrocketed, many investors began to accept Bitcoin as a safe investment. That pushes crypto investment companies to come up with a bunch of new tricks to entice customers. Many scammers are also quick to seize the opportunity. They use online platforms and advertisements that can bypass the regulator. Back in 2018, Facebook and Google banned all Bitcoin advertising on their platforms. The reason is that many advertisements are used to mislead investors. However, since then, both companies have been repeatedly implicated in accusations of deceptive advertisements on their websites. In January 2021, the number of crypto-related scams doubled from the same period in 2020 to 720 cases, or 23 cases per day. In July 2020, scammers raised $100,000 after hacking several popular Twitter accounts and posting notices that they would pay double if followers sent Bitcoins to an anonymous Bitcoin address. According to reports, some calls even asked elderly people to invest in fake cryptocurrency schemes. Not only attracting young investors, Bitcoin is becoming more and more widely recognized. Research by the UK Financial Conduct Authority (FCA) indicates 22% of crypto investors are over the age of 55 in 2020, compared to just 7% in 2019. “There are a lot of opportunities for crypto scams. Some people have made a fortune in crypto and that attracts vulnerable investors,” said Sam Tate at law firm RPC. Desire to get rich The prices of Bitcoin and Ether – the world’s two most popular cryptocurrencies – have surged in recent months. Bitcoin is up 95% year-to-date, while Ether is up 480%. Even Dogecoin – the cryptocurrency that started as a joke – has increased in price by more than 10,000% since January 1, 2021. The skyrocketing price momentum caused investors to flock to cryptocurrencies even without really understanding them. According to a recent survey by Harris Pol, most Americans who have heard of cryptocurrencies do not fully understand them. About 61% of people admit they don’t understand, or understand very little about how they work. On March 30, an investor named Phillipe Christodoulou reported that he had lost 17.1 Bitcoins (equivalent to $600,000 at the time) in his digital wallet. Specifically, after downloading an app rated nearly 5 stars on the App Store, Mr. Christodoulou lost all of his Bitcoins in less than a second. The app pretends to be the manufacturer of crypto storage devices Treznor, although in fact has no affiliation with this company. UK-based Coinfirm, a company that specializes in investigating cryptocurrency scams, revealed that it has received more than 7,000 requests from people who have had their crypto stolen since October 2019. Ether and Bitcoin prices skyrocket in 2021. The fake apps are mainly in the Google Play Store for Android and Apple’s App Store, according to Pawel Aleksander, Coinfirm’s chief information officer. Coinfirm said five people reported having their crypto stolen by the fake Trezor iOS app, with a total loss of $1.6 million. US Treasury Secretary Janet Yellen also warned that cryptocurrencies are a “particular concern” and are often used for illicit financial activities such as money laundering. The Securities and Exchange Commission of Thailand recently proposed a new rule that could force individual investors to have certain knowledge about cryptocurrencies before being allowed to open a trading account. According to Andrew Bailey, Governor of the Bank of England (BoE), cryptocurrencies “have no intrinsic value” and investors should prepare for a loss mentality. “Cryptocurrencies may have external value but no intrinsic value. Only invest in it when you are ready to lose all your money,” Bailey said at a press conference. Scammers try to convince their victims that they are knowledgeable and professional, which can yield great returns with little investment and effort. Sanjay Andersen However, according to Investors’ Chronicle , the authorities may not have the resources to deal with Bitcoin-related scams on social media. “The question is whether there are enough resources available for crypto criminals. Where does the additional funding to tackle crypto scams come from?” asked Mr. Tate at RPC. “UK regulators and partners like the Financial Conduct Authority understand that investment fraud has a serious impact on victims’ finances and confidence,” said Director of the Department of State Affairs Sanjay Andersen. British National Fraud newspaper confirmed. “We work closely together to stop the criminal activity, shut down the websites and bank accounts of the people behind the scams and bring them to the dock,” he stressed. “Scammers try to convince their victims that they are knowledgeable and professional, and can yield great returns with little investment and effort,” commented Mr Andersen. “But remember, if a deal seems too good to be true, it could be a scam,” he added.

Zoom application icon. (Photo: AFP / VNA) The wave of selling technology shares continues to hit companies with cloud services most, as investors withdraw their capital from these companies. share the strongest increase in the last year. While index Dow Jones is close to record levels, the index of companies providing cloud services is at its lowest level in six months. Stock price of WisdomTree Cloud Computing Fund, a fund that tracks the index of cloud services companies, includes 56 shares, down 2.4%, the seventh day of decrease in the past eight days (as of 10 / 5). Technology stocks began to sell out in February and sold out faster in the past few weeks. The main cause of the market’s diversion is concern about the possibility of an interest rate rise as this will normally negatively impact high-growth firms, combined with the attractiveness of stocks that are often beneficial. so when inflation is as high as finance, goods and industry. Compared to a year ago, the index of cloud services companies fell 15%, while the Dow Jones Index rose 14% and the Nasdaq Composite Index rose 4%. In the last year, a sharp increase in the cloud service provider’s index thanks to an unexpectedly fast transition to remote work, forcing businesses to use products that enable employees to coordinate. remote and access to data stored in data centers. From Zoom for video chat and Twilio to text exchanges to CrowdStrike and Zscaler’s security tools, large businesses have had to buy new technologies for widespread use. Global X analyst Pedro Palandrani, who manages venture funds, says 2020 is a phenomenal year for companies providing cloud services by working remotely. He said it would be a mistake to reopen the economy to stop everyone from using computing solutions. cloud Twilio said last week that the first quarter of 2021 revenue increased 62%, exceeding the forecast of analysts. ServiceNow also outperformed the forecast with a 30% increase in revenue. Zoom had three consecutive quarters of growth of over 300% and an estimated increase of over 175% in the first quarter.

The constant influx of money into cryptocurrencies has a huge impact on billionaires who run SpaceX and Tesla, who identify themselves as Dogefather (roughly translated: The Godfather of Dogecoin). And if the market crashes, Elon Musk said people could call themselves Elongate, a reference to the Watergate scandal that led to the resignation of 37th US President Richard Nixon. Both Dogefather and Elongate have become virtual currency projects attracting thousands of investors with tens of millions of dollars frantically pouring into projects still on this paper. That’s not to mention the effect that Elon Musk created earlier that made another satirical virtual currency, Shiba Inu, also skyrocket in value. Mark Zuckerberg named his goats Max and Bitcoin, immediately fueling the zoonotic crypto craze. But Elon Musk is not alone, the 50-year-old billionaire will soon feel his shark position being violently shaken by characters who are not less popular. Mark Zuckerberg in a recent post with a very simple caption “My goats: Max and Bitcoin” has fueled the fever of fauna virtual money. In just a few hours, anonymous and worthless virtual currencies such as Pig Finance, AquaGoat, Akita Inu or Pitbull suddenly increased in both value and trading volume. The up and down momentum a few times like this is a true reflection of what’s going on in the world of cryptocurrencies, where small investors (called fryers) are buying and selling massively based on celebrities (yes probably the shark) mentioned. It all stems from the fear of missing an opportunity, a term that is extremely popular in the world of cryptocurrency players called FOMO status. By FOMO, a worthless satirical virtual currency Dogecoin has gone from zero to the fourth largest cryptocurrency in the market with a peak cap of $ 90 billion. Dogecoin, after a series of pump & dump fluctuations and sharks is currently trading around the $ 0.50 mark corresponding to a market cap of around $ 66 billion. Very soon, however, another emerging candidate appeared to threaten the Dogecoin dog’s position, which is the Shiba Inu. Just being listed on the world’s largest exchange, Binance, Shiba Inu has dramatically increased in value with a cash flow of nearly $ 20 billion after 24 hours. Ngoc Trinh also joined the virtual money game with a series of bold PR status statuses. Following this craze is not only the technology world, but also art activists like Cao Thai Son. In recent days, the voice of Rain Road not only constantly mentioned virtual money but also livestreamed to show fans how to wisely invest in the virtual money market. But when Cao Thai Son has not revealed how much money to invest in this market, another Vietnamese “shark” has revealed, that is Ngoc Trinh. In just one red afternoon, “the queen of underwear” immediately posted four lines of status referring to virtual money, in which a status showed off a (fake) account with more than $ 10 million, including nearly $ 900,000 invested in virtual currency Shiba Inu. Removed the latest status because of being exploited to borrow someone else’s account, Ngoc Trinh’s four consecutive status lines still attracted tens of thousands of likes, thousands of comments and shares. Although it was confusing and was judged as a PR trick, Ngoc Trinh still showed the height of the hand of a person controlling the game, leading the fry by writing simple, easy to understand correct style “no money. land to eat ”. At the same time as Ngoc Trinh, on the other side of the hemisphere, billionaire Elon Musk, as usual, continues to have a turbulent tweet when he makes a poll to ask people if they want Tesla to accept payment by Dogecoin coin or not. Currently, 76% of respondents said yes. But again, investors need to be wary of their own pockets, not chasing celebrity calls if they don’t want to be victims of this zero-sum game.

Illustrative image – Photo: Reuters. Ethereum is “occupying waves” in the virtual money market because of its rapid growth. In the past 1 week, the second largest virtual currency in the world has increased by nearly 20%, surpassing USD 4,000 for the first time in the session on May 10. If counted in the past 1 month, Ethereum price has nearly doubled. At nearly 8:00 am on May 11 in Vietnam time, the Ethereum price according to the data on Coinmarketcap.com was $ 3,933, far exceeding the level of $ 176 a year ago. Another virtual currency that has also seen a dramatic rise recently is Dogecoin. However, there is a big difference in the uptrend of Dogecoin and Ethereum that CNBC pointed out. That is, Dogecoin price is pushed up mainly by the status lines (tweets) on the social network Twitter and the “inundation” of the crowd of individual investors on the Reddit forum. Meanwhile, Ethereum has the backing of institutional investors and is heavily chosen for multi-million USD NFT transactions. Ethereum is built on blockchain technology like Bitcoin, but Ethereum’s proponents do not view the virtual currency as a form of “digital gold” – a name attributed to Bitcoin. Instead, many investors, including billionaire Mark Cuban, consider Ethereum to be more applicable. One use of Ethereum is as infrastructure for the decentralized Internet, and people can develop applications on the Ethereum network. With a market cap of nearly $ 482 billion on May 10, Ethereum is now larger than the total capitalization of beverage company Coca-Cola, social network Snap, and Ford Motor, combined. In the world of virtual money, Ethereum is second only to Bitcoin – the virtual currency with a market cap of $ 1.1 trillion. If you bought Ethereum earlier this year, you can now pocket a pretty good return. Ethereum virtual currency price movements in the past 1 year. Unit: USD / Ethereum – Source: Trading View. According to CNBC estimates, with $ 1,000 buying Ethereum on Jan. 1 at $ 731, investors had the equivalent of $ 5,711 on May 10 when Ethereum’s price peaked at $ 4,174. The return on this investment is 471%. This rate of return is higher than the return on Bitcoin investment. If you spend $ 1,000 to buy Bitcoin at the beginning of the year, the investor currently has $ 1,948, equivalent to a near 95% return. However, this does not mean that Ethereum will certainly continue to bring big profits for its investors in the future. Experts always recommend that investors should not pour into virtual money an amount greater than the amount of damage they can accept.

For more than a century, the stock market has been the largest wealth creator on the planet. Although the frequency of stock market crashes and adjustments is quite high, in the long run, the market’s major indexes have easily outperformed other assets and commodities. But when Bitcoin and other cryptocurrencies made their debut, things changed. The enthusiasm surrounding cryptocurrency, coupled with Bitcoin’s recent all-time high of nearly $65,000, paved the way for Coinbase Global, one of the most anticipated IPOs of the year last week. But I still recommend that you invest your money in the following three stable companies with obvious competitive advantages instead of investing in Coinbase. Facebook Don’t let its scale fool you, because the social media giant Facebook is still in the early to mid-stage of its growth, which means that patient investors still have a lot of room for growth. As of 2020, the company has 2.8 billion monthly active users visiting its website of the same name, and another 500 million unique visitors to its Instagram or WhatsApp, which means that 3.3 billion people visit Facebook every month. Now, things have become more interesting. Although Facebook brought in $84.2 billion in advertising revenue last year, almost all of it came from the website of the same name and Instagram. As of now, neither WhatsApp nor Facebook Messenger has achieved meaningful monetization. And when Facebook gets some form of important profit from these very popular social platforms, its cash flow will soar. Also, don’t ignore the earning potential beyond Facebook advertising. It will launch its own cryptocurrency sometime this year, which may stimulate the growth of Facebook payments, and people are also very interested in its virtual reality Oculus devices. With a growth rate of more than 20% and a price-earnings ratio of slightly higher than 1, Facebook is still a sought-after item. Teladoc Health The second good investment is to buy the health care stock Teladoc Health. It is conceivable that 2020 will be an up-and-coming year for this virtual medical service provider. It processed nearly 10.6 million virtual visits on its platform, up from 4.14 million in 2019. Telemedicine provides benefits up and down the medical treatment chain. It brings great convenience to patients, allowing doctors to pay close attention to high-risk patients who might otherwise not be able to visit the hospital or doctor’s office frequently. More importantly, the fee for virtual visits is lower than for office visits. In early November, Teladoc acquired Livongo Health, a leading applied health signal company, to further differentiate itself. Livongo collects a large amount of data on patients with chronic diseases and uses artificial intelligence to send tweets and tips to its members. It has registered more than 500,000 diabetes members, and aims to turn its attention to patients with high blood pressure or those who have problems with weight control. In other words, Livongo’s potential patient population includes a large portion of the adult population in the United States. Teladoc Health has all the necessary tools to become a giant in ten years. Sea Limited The third stock is Sea Limited, headquartered in Singapore. The beauty of Sea is that it has three extremely fast-growing operating segments. First, the company’s digital entertainment division generates most of its earnings before interest, taxes, depreciation and amortization (EBITDA). In 2020, as people stay at home, the company’s quarterly active gaming users increased by 72% to nearly 611 million. At the same time, the number of paying game players increased by 120% to more than 73 million. From these numbers, it is obvious that Sea’s games have resonated with users all over the world. However, through the e-commerce platform Shopee can see a bigger growth story here. Shopee’s target is Southeast Asia, South America and Latin America and other emerging markets. Total orders in 2020 will increase by 133% to 2.8 billion U.S. dollars, and the total value of all merchandise sales will increase by 101% to 35.4 billion U.S. dollars. At present, Sea’s Shopee platform has attracted the attention of Wall Street and investors. In the end, the company’s mobile wallet department processed $7.8 billion in payments and had more than 23 million paying users by the end of the year. Considering the lack of banks in many areas where Sea operates, its digital financial services division may become an important money maker. According to Wall Street’s forecasts, by 2024, Sea’s sales will exceed four times, which is a stock that investors should own. Source of this article: US Stock Research Agency

On April 22, many Thodex users were surprised by the inability to access the exchange. On the official website, Thodex announced to stop all transactions to re-evaluate the offers from partners. The broker also says the process will take 4-5 business days. Thodex exchange closed, many reports suggest that the CEO has run away with money. Photo: AA. According to data from CoinMarketCap , before stopping trading assets on Thodex about 585 million USD. Thodex has about 400,000 users, 390,000 of whom are active traders, according to the national news outlet Anadolu . Although Thodex’s announcement promises to return soon, the social media accounts of many of the exchange’s managers have been locked. The exchange’s user support team is also inaccessible. CEO and founder Faruk Fatih Özer closed his Twitter account on April 21. According to the Anadolu A lawyer filed a lawsuit against Ozer on allegations of fraud. Oğuz Evren Kılıç, chief financial law officer of the Ankara Bar Association, said zer fled Turkey on the evening of January 20. This information was revealed to Mr. Kılıç by the police. According to the CNN Turk , the Istanbul police also began investigating Thodex with allegations of fraud. Bloomberg Thodex’s bank account was blocked, and police searched the company’s office. The number of cryptocurrency investors in Turkey has increased rapidly in recent years, as many believe that this can be an inflation hedge. On April 16, Turkey’s Central Bank announced that cryptocurrencies would not be allowed to be used directly or indirectly for payments, and the regulation went into effect on April 30. However, trading cryptocurrencies is not prohibited under the new regulations. Therefore, Thodex’s suspension of operations makes many investors concerned. Thodex CEO Faruk Fatih Özer has yet to reappear. Photo: DW. Mehmet, a Turkish investor, said he noticed suspicious signs when Dogecoin traded on Thodex at a much lower price than other exchanges. On April 17, the price of Dogecoin on this exchange was up to 30% lower. As of April 19, Thodex announced a brief shutdown for maintenance related Dogecoin trading. This cryptocurrency, often considered a joke because of its origin, accounts for 53% of transaction value on Thodex. The amount of Bitcoin held on this exchange is only equivalent to about $ 10 million. As announced by Thodex, the exchange stopped trading to consider partnering with an unnamed partner. Blockchain professor Ismail Hakki Polat at Kadir Has University in Istanbul said the announcement could mean the exchange is looking for new investors. Attorney Kılıç is giving legal advice to many Thodex users. Mr. Kılıç argued that these users cannot withdraw money from the exchange, whether in the form of fiat money or cryptocurrency. On April 22, the Thodex website updated with more information that the allegations of fraud against this exchange were not true. The announcement also said that the exchange detected about 30,000 suspicious accounts. According to the Coindesk This announcement may have been written by CEO Özer of Thodex himself. He also confirmed that there is a smear campaign aimed at him.

Some people in the group filing the denunciation said more than 600 applications have been sent to the authorities from April 19 to the present. Investors practiced more than 400 denunciations to send to the Ho Chi Minh City Police on the afternoon of April 23. Photo: TA According to the accusers, Coolcat introduced as the company providing investment transaction insurance platform. Coolcat has an exchange that specializes in trading gold, USD, Bitcoin, short-term price prediction trading. The participants in the system only need to download the Coolcat software to their mobile phones and log in with their phone number to start investing. The job of each investor is to press to predict the price of Bitcoin, gold, and foreign currency up or down. If their guess is correct, they receive 73% of the winnings. If they are wrong, their capital will be deducted. But when losing 6 times in a row, the investor must stop and report to the system for 100% compensation. The insurance reimbursement is committed automatically by Coolcat within the same day. In addition to predicting the price of Bitcoin, gold, and foreign currencies up or down to earn interest or receive insurance money. Investors also make money by introducing new members, commissions up to 1.8 million VND each time. The Coolcat Company’s website advertises that they have a British holding corporation and is licensed by the Bahamas Securities Commission. This company also introduced a representative office located on Nguyen Huu Canh Street, Binh Thanh District. Coolcat Company has held many events at 5-star hotels to increase trust with investors. Photo: Website Coolcat. This website also introduces them as the only company that insures 100% of trading capital in Vietnam, so “absolutely safe, not afraid of losses”. Coolcat has 2 main websites: https://www.coolcat.com.vn and https://coolcatvietnam.com. Currently both websites are inaccessible. According to those who have played Coolcat, Coolcat has organized many events at 5-star hotels and invited investors to attend to increase confidence. On the night of April 17, all the applications related to the Coolcat system suddenly crashed. The websites related to this company cannot be accessed. The entire amount of money the investors submitted to the application are paralyzed, not withdrawn. One investor said that by the time the Coolcat application “collapsed”, there were more than 68,000 members. Many of them have billions of dong frozen in the application. Investors then went to Coolcat headquarters in Binh Thanh district to work with the representative, and found that this was just a virtual location, without any representative offices or people in charge.

At Germany’s largest electricity producer, shareholders are pressing for a faster coal exit. “With CO2 emissions of almost 69 million tons in 2020, RWE is still an emissions heavyweight in Europe,” criticized the sustainability specialist from the Sparkasse fund subsidiary Deka Investment at the virtual general meeting. It is therefore necessary to accelerate the phase-out of lignite. She also sees the issue of wind energy not being adequately represented on the Supervisory Board. “Wind power is a big topic for future power generation and for RWE. The importance of the division is currently not adequately reflected in the supervisory board. The necessary competence is still missing here,” she said. Union Investment expert Henrik Pontzen argues similarly. The sustainable transformation of the energy industry is a marathon. The first kilometers have been made with the focus on renewable energies. He appealed to future RWE boss Markus Krebber to speed up the renovation.

2.6 billion euros in compensation

The outgoing RWE CEO Rolf Martin Schmitz assured the shareholders that the company management was working hard to make the company more and more sustainable. Schmitz described reports that RWE could sell its fossil fuels or outsource them from the group as “pure speculation”. The public law contract on the coal phase-out set “narrow limits of action for such measures”. RWE will receive compensation of 2.6 billion euros for the premature shutdown of all lignite power plants by 2038. Schmitz was confident that the EU Commission would wave this aid through in the ongoing investigation.

RWE wants to be climate neutral by 2040

The company, which used to be strongly focused on nuclear power and coal, is transforming itself into one of the largest producers of green electricity in Europe. By swapping business areas with long-standing rival E.ON, Schmitz had significantly expanded green electricity generation at RWE and given it a boost. At the end of April, the previous CFO Krebber took over the helm at RWE. He wants to expand the green electricity business by 2022 alone with investments of five billion euros. After the coal phase-out agreed with the federal government, the generation of electricity from this climate-damaging fuel is to end in 2038 at the latest. RWE wants to generate climate-neutral electricity by 2040.

“Climate killer with worldwide consequences”

For environmentalists, this is not happening fast enough. Climate activists who demonstrated in front of the headquarters in Essen complained that RWE still generated 79 percent of its electricity from coal, gas and uranium last year. Thus the group remains “a climate killer with worldwide consequences”. The new CEO Krebber must liquidate the lignite division by 2030 at the latest, demanded the environmental organization Greenpeace, if the company wants to meet the Paris climate protection target.

Thousands of emails and documents from the citizenship and citizenship consulting firm Henley & Partners have revealed an unprecedented “door” on the mechanism of the so-called “golden passport” program, in which countries are semi-national. citizenship for foreign giants. This revelation showed for the first time how some people buy Malta passports through a government investment program, allowing them to pretend they are “residing” in the country for a year by renting an apartment. then leave it blank. Two weeks to own a “golden passport” Officially known as the Individual Investor, this program is designed to attract wealthy investors and enrich the national budget. Eight years ago, Malta announced plans to “sell” passports making the European Union (EU) not satisfied. The EU authorities are concerned that “buyers” can travel freely within the EU and Schengen bloc as well as be able to travel to many countries without applying for a visa in advance. In January 2014, a spokesperson for the European Commission gave a speech contradicting the proposals and stressed that EU members should only provide passports to individuals with “real affiliation”. to their country. After two weeks, the issue was somewhat resolved when the Government of Malta released a joint statement announcing anyone “buying” Maltese citizenship would need to reside in the country for one year, while also demonstrating the authenticity of the relationship with their new home. However, Malta’s golden passport program does not specify “place of residence”. Government officials also eluded when asked about the ratio between those who applied for a 12-month period and those who would actually be present. Malta is a beautiful island nation located in the Mediterranean. Photo: Guardian. The vulnerability has allowed some customers, who pay more than 1 million euros under the program, to successfully confirm that they have an “authentic link” with Malta. What they need to do is just spend a few weeks there and do a few activities over the loudspeaker, such as yacht rental or donation to a local charity. Guardian reviewed 250 open letters clients sent to Henley explaining their intentions to Malta. Internal emails show customers constantly asking if they can spend less time here. In the case of a 2014 Middle East client, the representative even asked their manager if “would go to Malta in about 7-14 days (ie the minimum time period) to take a biometrics. study and register and receive card (residence) ”. “If it is not possible to visit for longer, opening a bank account, donating to local charities and becoming a member of a local club will help demonstrate the bond with the country,” the manager answer. This advice shows that instead of 12 months, it seems just two weeks is enough to get a “golden passport” here. “The applicant does not have to be present in that country,” advised a client. “However, in order to create an ‘authenticity link’, (the Malta government) would appreciate it with at least 14 days’ time.” Out of all 250 letters, the applicant’s average commitment to stay in Malta is 16 days. Two bedrooms for 12 people To demonstrate commitment to a new home, Malta “golden passport” applicants will be required to invest € 1.15 million in the country, including a purchase of at least a real estate. 350,000 euros or a 5-year rental for 80,000 euros. Passport of Malta. Photo: Loving Malta. Some properties are rented significantly smaller than the actual size required by the applicant’s family if they plan to live there. In one case, Chinese citizens even rented a two-bedroom apartment for 1,500 euros / month despite applying for citizenship for 12 people, including 6 children. A Maltese citizenship-seeking South African businessman refused to pay Henley an apartment management fee on the grounds that no one would visit it. “The apartment is not used, no one will be there in a year,” he complained in a letter to the company. Malta’s immigration regulatory loopholes have the potential to have serious consequences such as security risks, money laundering, tax evasion, corruption and the risk of escaping water criminals. outside of residence, traveling freely within the EU territory. The European Union Commission recently accused Malta of “selling” citizenship, allowing individuals with little or no connection to the EU. However, the Malta government denied any allegations that the country’s residency requirement was “fake”. It argued that “authentic links” are not defined in EU law and the government of Malta “sets the rules as well as makes the final decision on all citizenship applications”.

The stone is mined from the quarry of the company, after grinding, grinding into stone 1-2. Preeminent magnetism of new building materials Being put into trial production since May 2018, up to now, the sand crushed source from stone has been promoting its superiority as well as attraction to the construction market. Mr. Mai The Tinh – Director of Phu Son Trading Company Limited (Nga Son District, Thanh Hoa Province) said: “With abundant raw materials from the limestone quarries in the province in particular, and grinding technology modern treatment of impurities before putting finished products on the market; The durability of buildings is also appreciated higher than natural sand, which is the advantages that this new building material shows. As an enterprise located in Nga Son district (Thanh Hoa), for a long time, the supply of natural sand for its construction works as well as the district market has faced many difficulties when the sand reserve in the host area. The weak point is that the salty sand can only be leveled, so it is largely limited in the construction works, to meet the demand, the construction sand has to be imported from other districts such as: Thieu Hoa, Ha Trung, Vinh Loc … Large transportation costs leading to higher costs make investment in construction face many difficulties. Mr. Tinh added: At the end of 2017, after field testing from some southern markets as well as abroad, the Company applied and invented a new investment in a production line of crushed sand from rock at a cost. only equal to 20% (about 20 billion VND) compared with the lines imported from abroad. Crushed sand products will contribute to help businesses create a closed production process. The stone is mined from the quarry of the Company after grinding, grinding finished products (stone 1-2), will be screened, classified and put into the system of crushers, small screening into sand. The next step, crushed sand will be put into the system of sedimentation tanks, wash and treat impurities before the finished product is sold to the market. In order to ensure the environment, during the production and grinding process, there is a dust misting system. The process of putting into sedimentation tanks, washing, stone dust will also be deposited and reused as bricks … Thus, the production of crushed sand will be very suitable for quarry mining enterprises, increasing the first choice. private businesses. Mr. Mai Van Nguyen – Production executive officer of Phu Son Trading Co., Ltd. said: With an output of 500m3 / day, the unit is providing for all projects and works on construction in Nga Son district. . In addition to the superiority of the product, with the automated process, only 2 workers to operate the line are contributing to reduce labor costs, reduce human labor, and lower product costs. Meanwhile, according to enterprises in Nga Son district, materials from crushed sand are the number one choice among many large construction projects as well as small construction needs. among the people. In addition to the durability of the project, sand crushed materials also help businesses, people reduce the cost of transfer, cost … Opportunities open for businesses Mr. Luu Van Hai – Head of Economic – Infrastructure Division of Nga Son district said: With the characteristics of the district bordering the sea, the sand reserve is mostly salty, the introduction of crushed sand in the area is contributing to solving the problems. difficulties for businesses in construction investment. In addition, the Provincial People’s Committee also encourages the use of crushed sand in construction works, so this source of construction materials is currently popular and popular. “One of the typical projects using crushed sand such as: The project to solidify the Hung Long canal, through the area of ​​Nga Son town, Thanh Hoa has been put into use and the durability has been proven over time”, Mr. Hai cited. Conduct sorting and put into the system of crushers, small screening into sand. However, in addition to the superiority in production as well as the durability of the buildings, the development of this building material source still faces some difficulties. Specifically, according to Mr. Hai, this new material source has not been disseminated, the number of units investing in the production line is not much, leading to the competition on product prices is not high. If it is soon popularized for construction investment and more widely, this new source of construction materials will be a gradually replacing material source for natural sand and gravel. Learning from enterprises, Mr. Nguyen Trong Cuong – Deputy Director of Nien Cuong Co., Ltd. (Nghi Son town, Thanh Hoa) exchanged: Currently, the source of crushed sand material has been one or two units in the area. production investment town. On the business side, crushed sand contributes to increasing investment choices, making use of raw materials in the mining process … However, Mr. Cuong cannot help but wonder when this product has not yet been popularized. , product cost is higher than natural sand, leading to difficulties and barriers in the selection of projects and works. According to research, the province has 2 grinding sand production lines with a capacity of 150 tons / hour of Phu Son Trading Co., Ltd. (Nga Son district) and Ha Lien Construction and Trade Co., Ltd. (Nong district). Drain). There are also a number of small production lines such as Nghi Son town … According to the construction material development plan to 2025, with a vision to 2035 of the province, crushed sand from stone will be developed in many areas. The mine sector is available with raw materials to supply the market, with a total expected capacity of 1.9 million m3 / year. This is considered an open opportunity for businesses in the province to invest and develop.

Text/Editor of Huitong.com: Qin Meng

A corner of the U.S. Treasury bond market is surging, or it may bring new shocks to global risk assets.Goldman Sachs Group expects that the recovery of the U.S. economy will enable the real yield of U.S. long-term Treasury bonds to rise by about 40 basis points, thus reaching the level before the new crown epidemic

Before the bizarre fall in U.S. Treasury yields this month, the sharp decline in U.S. Treasury bonds this year shocked Wall Street.There is a view that if inflation-adjusted yields rebound positively, the market may be caught off guard

Mueller-Glissmann pointed out that the actual rate of return is still 40 to 50 basis points lower than the average level of the five years before the outbreak of the new crown crisis. At that time, investors were generally pessimistic about the long-term growth prospects, and this repricing does not necessarily happen in the short term. , May be carried out within a few quarters; there is still room for the volatility of the interest rate market, which may at least cause temporary indigestion of other assets;

Goldman Sachs strategists recommend that clients use options to bet on higher yields, or go long on the volatility of U.S. Treasury bonds

The US 10-year Treasury bond yield situation is as follows: A change of 2 basis points can show that since mid-March, the range of fluctuations in the Treasury bond market has not been very large.

When considering the conditions required to break through this range, an important lesson from Monday is that it is not enough just for oil prices to fall to negative values. The Fed’s increased participation in the secondary market for US Treasury bonds (effectively monetizing the deficit) has reshaped investors’ expectations of achievable volatility.

The unlimited quantitative easing policy played a role in this transition, and the conversation about the possibility of the upper limit of the yield curve, advocated by Fed officials, also played a role.

Trier Bank analysts believe that, in contrast, it is more realistic for the yield to fall to 0.25% in the short term. This is based on the assumption that although there is a broad consensus that “things will get worse” in terms of the impact of the spread of the epidemic on actual output, the downward pressure on inflation is being guided, but it has not yet been fully integrated into the financial market.

Recently, in the context of abundant market liquidity and steady economic recovery, the global emerging market financial markets have begun to become sensitive, and it seems that both ups and downs are beginning to look at the 10-year U.S. Treasury yield.

As long as U.S. bond yields soar, it is no surprise that stocks, funds, or commodities will be suppressed and prices will fall.

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At 9 a.m. on April 23, Times Finance called the Office of the Secretary of the Board of Hope Co., Ltd. The other party stated that the reply has been submitted to the Shenzhen Stock Exchange, and the specific content is not convenient for disclosure at present. However, as of press time, the content of Houpu’s response has not yet appeared on the Shenzhen Stock Exchange website.

On April 21, the Shenzhen Stock Exchange issued a letter of concern and an annual report inquiry letter to Hopu within one day. The serial follow-up questioning by the Shenzhen Stock Exchange revealed its eagerness, requiring Houpu shares to respond to the letter of concern before April 22.

The Shenzhen Stock Exchange’s attention to Houpu shares stems from the 15 billion yuan project agreement disclosed by Houpu shares on April 20.

On the evening of April 20, Houpu shares announced that the company and Chengdu Xindu District Government signed the “Hopu International Hydrogen Energy Industry Cluster Project Investment Agreement” (hereinafter referred to as the “Agreement”), and plans to invest 15 billion yuan in construction Hopu International Hydrogen Energy Industry Cluster Project.

Hydrogen refueling station. Image source: L.Willms

It seems to be a major positive news for the company, but when it is placed on Houpu shares, it makes people suspicious. Its annual report shows that in 2020, its operating income will be only 478 million yuan and a loss of 168 million yuan.

Where did the poor performance of Houpu shares to complete the 15 billion yuan project?

In the letter of concern sent by the Shenzhen Stock Exchange to Houpu, it not only questioned the feasibility of the 15 billion project, but also asked whether it involved real estate development and operation. In the annual report inquiry letter issued on the same day, the Shenzhen Stock Exchange further inquired about Hopu’s operating conditions and asked for an answer within a week.

Affected by this, Houpe shares closed down 5.59% on April 22; it fell below 3% at the opening on April 23, but then quickly rose. As of the morning’s close, Houpe shares rose 5.74%.

Image source: Houpu shares it

Where does 15 billion come from?

The financial situation of Houpu shares in recent years is not optimistic. The two letters issued by the Shenzhen Stock Exchange on April 20 focused on one question: Where does the 15 billion come from?

According to the financial report, Houpu’s revenue in 2019 is 543 million yuan, which is nearly cut in 2015 compared with the revenue at the beginning of listing, and the net profit in 2019 is only 20,827,600. In 2020, the performance of Houpu shares further declined. The total annual operating income was 478 million yuan, a year-on-year decrease of 11.87%, and the net profit attributable to the parent was 168 million yuan, a year-on-year decrease of 905.35%.

According to the “Agreement”, the first phase of the Hydrogen Energy Equipment Industrial Park project uses about 300 acres of land. The Xindu District Government will only use about 300 acres of land for the first phase of the project’s fixed assets (excluding land) investment amount to 4 million yuan per acre or more. Land supply for the second phase of the project will be initiated; similarly, the first phase of the Hopu International Hydrogen Energy CBD project covers an area of ​​about 118 mu, and the investment in fixed assets (excluding land) reaches 7.5 million yuan/mu or more before the second phase of land supply will be initiated.

Based on this data, Times Finance estimates that the first phase of the hydrogen energy equipment industrial park project needs to invest at least 2.085 billion yuan.

However, as of the end of 2020, Houpu’s total assets were 1.912 billion yuan, and the balance of monetary funds was only 136 million yuan; during the same period, its current liabilities were 750 million yuan, including 116 million short-term loans.

Image source: Houpu shares 2020 annual report

The Xindu District Government stated in the “Agreement” that it supports and encourages district-owned platform companies to participate in the clean energy industry fund initiated by Houpu. The first phase of the industrial fund scale is 500 million yuan, of which the district-owned platform company invests 200 million yuan. Two batches of investment; in addition, the district government also encourages and supports district state-owned enterprises to participate in equity investment in the project under this agreement, and the total investment amount does not exceed 200 million yuan.

In addition, the “Agreement” requires Hopu Co., Ltd. to register relevant project companies with independent legal personality in Xindu District, and at least one project company has a registered capital of 500 million yuan. On April 16, Yanxin Holding Group Co., Ltd. (referred to as “Yanxin Holdings” in the text) and Houpu’s subsidiary-Beijing Houpu Hydrogen Technology Co., Ltd. registered in Xindu District to establish Chengdu Houpu Hydrogen Technology Co., Ltd. , Registered capital of 500 million yuan, of which Beijing Hopu Hydrogen Energy subscribed 400 million yuan, and Yanxin Holdings subscribed 100 million yuan.

Even without considering the liabilities, according to Times Finance’s estimates, plus the 170 million yuan that Houpu shares planned to raise from Wang Jiwen in February 2021, and the 100 million yuan that Yanxin Group invested in the establishment of Chengdu Houpu Hydrogen Energy, Houpu has made every effort to spend about 1.106 billion yuan in international hydrogen energy industry cluster projects, and there is still a big gap between the 2.085 billion yuan required for the first phase.

Picture source: Times Finance

Hope shares may choose to seek external financing. Times Finance found that in the signing of the 15 billion project issued on the official website of Hopu Co., Ltd. on April 21, the world industrial gas giant-French Air Liquide (Air Liquide) Chairman of the Board of Directors in Greater China, Lu Yuebing, also attended the signing ceremony. . In 2019, Air Liquide Group and Houpu Co., Ltd. jointly established Air Liquide Houpe Hydrogen Energy Equipment Co., Ltd. (hereinafter referred to as “Air Liquide Houpe”).

On April 22, Times Finance called Jin Jing, the media liaison of Air Liquide Group, who stated that the cooperation between Air Liquide Group and Houpe is limited to the previously established joint venture company-Liquid Air Houpe. Recently, Houpe shares and Xindu District Government The project has nothing to do with Air Liquide.

Times Finance also contacted Chengdu Xindu District Investment Promotion Bureau and Xindu District Modern Transportation Industry Functional Zone Management Committee on the same day, trying to inquire about the details of Hopu International’s hydrogen energy industry cluster project. The staff of the other party said that they would record the problem and give feedback to the relevant person in charge, but as of the time of publication, no response has been received.

At the 2020 online performance briefing meeting of Houpe shares held on the same day, Times Finance asked Huang Yaohui, general manager of Houpu shares, on issues such as “whether it will introduce other investors to join the projects in Xindu District”. The other party said that the specific situation will await the company’s response to the “Letter of Concern”.

Cement boss enters hydrogen energy

At the end of 2020, Houpu shares only changed the actual controller. Another identity of Wang Jiwen, the current actual controller of Houpu shares, is the chairman of Yanxin Holdings.

According to its official website, Yanxin Holdings is a diversified group company integrating building materials, environmental protection, metallurgy, finance, investment, logistics, real estate, and equipment manufacturing, with total assets of more than 4 billion yuan. Its building materials sector can produce 4 million tons of cement and 2.25 million tons of clinker each year. Its leading products include “Diamond” and “Jun” cement.

Cement boss Wang Jiwen entered Houpu shares back three years ago.

In November 2018, in order to alleviate the pledge of shares held, Jiang Tao, then chairman, general manager and actual controller of Houpu Co., Ltd., planned to raise funds from Beijing Xingkai Investment Co., Ltd. (hereinafter referred to as “Beijing Xingkai”). According to Tianyan Check, Wang Jiwen and Yanxin Holdings own 99.02% of Beijing Xingkai.

At the beginning of 2019, the senior management of Hopu Co., Ltd. carried out intensive mobilization. First, in January 2019, Jiang Tao resigned as general manager and was replaced by Huang Yaohui, the former vice president of Yanxin Holdings; then in March 2019, Wang Jiwen succeeded Jiang Tao and was elected chairman of Houpu Co., Ltd.; on April 1, 2019, Houpu The shares completed the change of legal representative and changed from Jiang Tao to Wang Jiwen.

However, it was not until the end of 2020 that Wang Jiwen truly became the “master” of Houpu. On November 17, 2020, Houpu shares announced that Jiang Tao would transfer 20% of his shares to Wang Jiwen and Beijing Xingkai. After the completion of the transaction, Wang Jiwen and Beijing Xingkai controlled by Wang hold 25.51% of Hopu’s shares and are the actual controllers of the company.

Soon after Wang Jiwen took office as chairman, he changed the company name from “Chengdu Huaqi Houpu Electromechanical Equipment Co., Ltd.” to “Houpu Clean Energy Co., Ltd.”.

A relevant person of Houpu said in public that the new boss Wang Jiwen is optimistic about the development of hydrogen energy.

The name change may have demonstrated Wang Jiwen’s confidence in hydrogen energy and other clean energy businesses, but it failed to help Houpu shares to reverse the decline in performance.

Transition to hydrogen energy for 7 years, revenue accounted for less than 1%

In recent years, the hydrogen energy industry has become hotter and hotter.

Kaiyuan Securities believes that in the context of “carbon peak” and “carbon neutrality”, hydrogen is expected to play an important role in promoting energy transition and improving the flexibility of the energy system. The governments of Sichuan, Beijing, Jiaxing, Zhejiang and many other places have also launched their own “14th Five-Year Plan” for the hydrogen energy industry.

On April 21, the China Hydrogen Energy Alliance revealed at the “14th Five-Year” Hydrogen Energy Industry Development Forum that as of the end of 2020, China has built 128 hydrogen refueling stations and the cumulative number of hydrogen fuel cell vehicles has reached more than 7,000.

The “China Hydrogen Energy and Fuel Cell Industry White Paper 2020” released on the same day shows that China’s current hydrogen production capacity is about 41 million tons per year, and the output is about 33.42 million tons, making it the world’s number one hydrogen producer; by 2060, under the carbon neutral scenario, it can be The scale of hydrogen production from renewable energy is expected to reach 100 million tons.

Wanlian Securities analyst Jiang Wei told Times Finance on April 22 that in the future, with the reduction of fuel cell costs, the layout of hydrogen refueling stations, and the promotion of photovoltaic hydrogen production, hydrogen energy is expected to become the preferred alternative energy source in the non-electric field. Can be used on a large scale.

In order to catch up with this round of hydrogen energy boom, Houpu has been preparing for 7 years.

The prospectus submitted by Houpu in 2014 did not mention that the company has any hydrogen energy projects. However, in its 2015 annual report, there was a message that “the hydrogen charging device has achieved phased results, and the research and development prototype has been tested on site”. Every year since then, Houpe has announced its progress in the field of hydrogen production and hydrogenation.

But so far, hydrogen energy has not yet become Hopu’s main business. In its announcement on April 8th, Houpu shares mentioned that in 2020, the company’s main operating income will still be the natural gas refueling equipment and parts business, and the company’s hydrogen energy business recognized operating income in 2020 is less than total revenue. 1%.

Perhaps in order to break through this 1%, Houpu shares will spend a lot of money to invest in the hydrogen energy industrial park. But with 1.106 billion funds to leverage 15 billion projects? difficult.

In today’s morning, the Mao Index rose sharply, with the highest intraday increase of 2.65%, and the morning closing rose by 2.05%. The market value increased by about 380 billion in half a day based on market value! Some funds are heavily involved in the performance of white horse stocks.

Among them, “Yan Mao” Aier Ophthalmology surged over 11.74%, and its net profit in the first quarter increased by more than 5 times; the “big four” liquor also surged, Luzhou Laojiao rose by 2.67%, Kweichow Moutai rose by 2.21%, and Wuliangye rose by 2.12 %, Yanghe shares rose 1.73%.

The sci-tech innovation board “demon stocks” hit the daily limit again in the hot scene of biology, which has risen by more than 300% this month.

In addition, carbon-neutral concept stocks rose in the early trading, with Shouhang Hi-Tech, Chengbang Co., Ltd., and West China Energy trading at their daily limit.

In early trading today, the market as a whole was weak and volatile, and individual stocks diverged around quarterly performance. As of midday, the Shanghai Composite Index rose 0.05% and the Shenzhen Component Index rose 0.75%. The turnover of the two cities was 499.33 billion yuan. 981 stocks rose and 3192 stocks fell. The index rose more than 2% at one time and regained its 3,000-point mark. .

Beijing Capital (Foreign Investment) bought 5.318 billion yuan in the morning

On the disk, the medical industry, solid-state batteries, genetically modified, automotive chips, gallium nitride and other sectors led the gains. Online travel, medical beauty, digital currency, dairy, and blind box economy led the decline.

The national carbon market welcomes heavy news

Carbon neutral concept stocks soar

Carbon neutral concept stocks rose in the early trading, with the daily limit of Shouhang Hi-Tech, Chengbang, and West China Energy, and Changyuan Power, Sinoma Energy Conservation, Yuanda Environmental Protection, China Southern Power, and Taiwan Nuclear Power all hit the high.

According to Xinhua News Agency, last night (April 22), President Xi Jinping delivered a speech entitled “Together to Build a Community of Human and Natural Life” at the “Leaders’ Climate Summit”. It mentioned a series of new measures that China is going to take, including incorporating carbon peaking and carbon neutrality into the overall layout of ecological civilization construction. It is formulating a carbon peaking action plan, carrying out carbon peaking actions extensively and in-depth, and supporting places and places where conditions permit. Key industries and key enterprises are the first to reach their peaks.

At the same time, China will strictly control coal power projects, strictly control the growth of coal consumption during the “14th Five-Year Plan” period, and gradually reduce it during the “15th Five-Year Plan” period. In addition, China has decided to accept the “Montreal Protocol” Kigali Amendment, strengthen the control of non-carbon dioxide greenhouse gases, and will also initiate online trading on the national carbon market. In addition, the national carbon market will issue registration transaction settlement rules as soon as possible, and will formulate implementation plans for peaking carbon in coal, power, steel and other industries.

The rise of Mao Index has increased its market value by about 380 billion!

“Eye Mao” and “Baijiu Mao” soared

The Mao Index rose sharply in the morning today, with the highest intraday increase of 2.65%, and the morning closing rose by 2.05%. The market value increased by about 380 billion in half a day based on market value! Some funds are heavily involved in the performance of white horse stocks.

Among them, the medical Whitehorse has strengthened across the board, and Aier Ophthalmology has expanded to 11.74%. Aier Ophthalmology announced last night that the company achieved operating income of 3.511 billion yuan in the first quarter, an increase of 113.9% year-on-year; net profit was 484 million yuan, an increase of 509.88% year-on-year. The net profit for the whole year of 2020 will be 1.724 billion yuan, a year-on-year increase of 25.01%. It is planned to send 1.5 yuan for 10 to 3 transfers. In addition, Mindray Medical rose 5.97%, WuXi AppTec rose 5.58%, Tongce Medical and Pien Tze Huang also rose.

It is worth noting that the “big four” liquors rose sharply in early trading today. Luzhou Laojiao rose by 2.67%, Kweichow Moutai rose by 2.21%, Wuliangye rose by 2.12%, and Yanghe shares rose by 1.73%. The remaining liquor stocks performed relatively weakly.

The sci-tech innovation board demon stock hot scene biology once again closed the board

This month has risen more than 300%

In terms of individual stocks, the sci-tech innovation board “demon stocks” hit the daily limit again in the market, which has risen by more than 300% this month. As of midday, Hotview Bio was up 19.22%.

In addition, stocks that saw their performance rose sharply, such as O.R.G., rose more than 8% in early trading. Origen announced on the evening of April 22 that the company achieved operating income of 3.072 billion yuan in the first quarter, a year-on-year increase of 64%; net profit was 296 million yuan, a year-on-year increase of 572.51%; basic earnings per share were 0.12 yuan.

Gigabit hit its daily limit in early trading. It was announced last night that it intends to transfer 3.37% of Xiamen Celadon Digital Technology to three companies including Tencent Ventures, totaling more than 300 million yuan.

China Diving shares continued to lower the limit at the opening today, which is a 20% limit for four consecutive days. The stock has fallen by as much as 62% in the past 5 trading days. CICC stated that although the “mid-term adjustments” may continue, considering that the current market has limited room to continue downward, it suggests that some valuations have been adjusted more and the industry’s long-term growth sectors are expected to be deployed in advance. As of midday, China Diving shares fell 5.77%.

In today’s morning, the Mao Index rose sharply, with the highest intraday increase of 2.65%, and the morning closing rose by 2.05%. The market value increased by about 380 billion in half a day based on market value! Some funds are heavily involved in the performance of white horse stocks.

Among them, “Yan Mao” Aier Ophthalmology surged over 11.74%, and its net profit in the first quarter increased by more than 5 times; the “big four” liquor also surged, Luzhou Laojiao rose by 2.67%, Kweichow Moutai rose by 2.21%, and Wuliangye rose by 2.12 %, Yanghe shares rose 1.73%.

The sci-tech innovation board “demon stocks” hit the daily limit again in the hot scene of biology, which has risen by more than 300% this month.

In addition, carbon-neutral concept stocks rose in the early trading, with Shouhang Hi-Tech, Chengbang Co., Ltd., and West China Energy trading at their daily limit.

In early trading today, the market as a whole was weak and volatile, and individual stocks diverged around quarterly performance. As of midday, the Shanghai Composite Index rose 0.05% and the Shenzhen Component Index rose 0.75%. The turnover of the two cities was 499.33 billion yuan. 981 stocks rose and 3192 stocks fell. The index rose more than 2% at one time and regained its 3,000-point mark. .

Beijing Capital (Foreign Investment) bought 5.318 billion yuan in the morning

On the disk, the medical industry, solid-state batteries, genetically modified, automotive chips, gallium nitride and other sectors led the gains. Online travel, medical beauty, digital currency, dairy, and blind box economy led the decline.

The national carbon market welcomes heavy news

Carbon neutral concept stocks soar

Carbon neutral concept stocks rose in the early trading, with the daily limit of Shouhang Hi-Tech, Chengbang, and West China Energy, and Changyuan Power, Sinoma Energy Conservation, Yuanda Environmental Protection, China Southern Power, and Taiwan Nuclear Power all hit the high.

According to Xinhua News Agency, last night (April 22), President Xi Jinping delivered a speech entitled “Together to Build a Community of Human and Natural Life” at the “Leaders’ Climate Summit”. It mentioned a series of new measures that China is going to take, including incorporating carbon peaking and carbon neutrality into the overall layout of ecological civilization construction. It is formulating a carbon peaking action plan, carrying out carbon peaking actions extensively and in-depth, and supporting places and places where conditions permit. Key industries and key enterprises are the first to reach their peaks.

At the same time, China will strictly control coal power projects, strictly control the growth of coal consumption during the “14th Five-Year Plan” period, and gradually reduce it during the “15th Five-Year Plan” period. In addition, China has decided to accept the “Montreal Protocol” Kigali Amendment, strengthen the control of non-carbon dioxide greenhouse gases, and will also initiate online trading on the national carbon market. In addition, the national carbon market will issue registration transaction settlement rules as soon as possible, and will formulate implementation plans for peaking carbon in coal, power, steel and other industries.

The rise of Mao Index has increased its market value by about 380 billion!

“Eye Mao” and “Baijiu Mao” soared

The Mao Index rose sharply in the morning today, with the highest intraday increase of 2.65%, and the morning closing rose by 2.05%. The market value increased by about 380 billion in half a day based on market value! Some funds are heavily involved in the performance of white horse stocks.

Among them, the medical Whitehorse has strengthened across the board, and Aier Ophthalmology has expanded to 11.74%. Aier Ophthalmology announced last night that the company achieved operating income of 3.511 billion yuan in the first quarter, an increase of 113.9% year-on-year; net profit was 484 million yuan, an increase of 509.88% year-on-year. The net profit for the whole year of 2020 will be 1.724 billion yuan, a year-on-year increase of 25.01%. It is planned to send 1.5 yuan for 10 to 3 transfers. In addition, Mindray Medical rose 5.97%, WuXi AppTec rose 5.58%, Tongce Medical and Pien Tze Huang also rose.

It is worth noting that the “big four” liquors rose sharply in early trading today. Luzhou Laojiao rose by 2.67%, Kweichow Moutai rose by 2.21%, Wuliangye rose by 2.12%, and Yanghe shares rose by 1.73%. The remaining liquor stocks performed relatively weakly.

The sci-tech innovation board demon stock hot scene biology once again closed the board

This month has risen more than 300%

In terms of individual stocks, the sci-tech innovation board “demon stocks” hit the daily limit again in the market, which has risen by more than 300% this month. As of midday, Hotview Bio was up 19.22%.

In addition, stocks that saw their performance rose sharply, such as O.R.G., rose more than 8% in early trading. Origen announced on the evening of April 22 that the company achieved operating income of 3.072 billion yuan in the first quarter, a year-on-year increase of 64%; net profit was 296 million yuan, a year-on-year increase of 572.51%; basic earnings per share were 0.12 yuan.

Gigabit hit its daily limit in early trading. It was announced last night that it intends to transfer 3.37% of Xiamen Celadon Digital Technology to three companies including Tencent Ventures, totaling more than 300 million yuan.

China Diving shares continued to lower the limit at the opening today, which is a 20% limit for four consecutive days. The stock has fallen by as much as 62% in the past 5 trading days. CICC stated that although the “mid-term adjustments” may continue, considering that the current market has limited room to continue downward, it suggests that some valuations have been adjusted more and the industry’s long-term growth sectors are expected to be deployed in advance. As of midday, China Diving shares fell 5.77%.

Editor: Captain

Since the first opening of tourism in 1980, Jumby Bay Island has been a paradise for British financiers and many Hollywood celebrities. Photo: Villa Retreats. Currently, Jumby Bay Island has 28 luxury resort bungalows with many facilities such as Verandah bar, high-class restaurant for visitors. Most of the rest of the 300-acre island belongs to exclusive investors. Famous faces who used to be residents here include designers Domenico Dolce and Stefano Gabbana, David Sainsbury, Oprah Winfrey and luxury lifestyle icon Robin Leach. In the midst of the Covid-19 epidemic, the super-rich paid special attention to real estate here. Photo: SCMP. According to Andrew Robson, real estate consultant for Jumby Bay Island, interest from the elite for the island tends to increase sharply after the pandemic. “I think Covid-19 makes people determined to own a portion of the island. Last December, we had a good start and will strive to sell out the remaining units this year,” said Robson. . The man emphasized that there are only six homes with a market price tag, such as Bananaquit, Sea Breeze and Whisosystem Palms. The prices of the aforementioned properties range from 9.5 million to 28 million USD. Despite the high prices, most of the super-rich customers believe that the money is worthwhile to enjoy the fresh and relaxing atmosphere here. “Jumby Bay Island is not too flashy and luxurious as some people expect. However, individuals who want to live and relax here are satisfied with it,” commented Robson.

The management of the audio app Clubhouse has raised fresh money from investors. On the one hand, this is intended to cope with the rush of users over the past few months. Clubhouse wants to “welcome more users”, strengthen its infrastructure and “support” the providers of the discussions. The rapid growth meant that the servers were overloaded, and the algorithms were not designed for the high number of users. According to the company, around ten million users are currently on the platform every week. On the other hand, the capital injection should also serve to drive the growth course further. So far, Clubhouse has been above target in this regard: Clubhouse has “grown faster than expected,” the company said.

Success arouses desire

The audio-based social network app had already completed a financing round in January. As reported by financial news agency Bloomberg, Clubhouse is now worth around four billion dollars. That corresponds to around 3.3 billion euros and is four times as much as in January. The success of the app developed by Alpha Explorations in the USA last spring arouses desires and imitators. According to media reports, the news service Twitter is said to have recently been interested in a purchase, and Facebook is said to be working on a clubhouse clone. Facebook boss Mark Zuckerberg recently had a look in the virtual salon himself, and Tesla boss Elon Musk was also a guest – this of course increases the attractiveness of the audio offering. Listen to important people once: Many clubhouse users are likely to know these or similar wishes.

Privacy advocates warn

But the success story also has its downsides. Data protection advocates repeatedly express serious concerns. A relevant incident occurred only recently. In a hacker forum, data from 1.3 million clubhouse users emerged. Clubhouse denied being hacked. The data is publicly visible in the profile information that has been tapped in bulk, including name, user name, user ID, profile photos and contact lists. Sensitive data such as credit card information were not included. Such information could be used for targeted phishing attacks, warns the consumer advice center. The data can also be used to create fake accounts in social networks and practically carry out identity theft. The consumer association also criticizes the fact that conversations are recorded and evaluated on the servers in the USA. In addition, the app would have access to all saved contacts in the phone book.

Faruk Fatih Ozer, founder of cryptocurrency exchange Thodex. One of the largest cryptocurrency exchanges in Turkey declared that they no longer had enough financial capacity to continue operating, causing hundreds of thousands of investors to fear that they would have lost all their money poured into this exchange. Meanwhile, Turkish authorities are trying to locate the 27-year-old founder of the cryptocurrency exchange, who has fled overseas, Bloomberg reported. It is not clear how many customers of the cryptocurrency exchange called Thodex lost money in this case, and how much the total damage. In a statement sent from a secret location, Thodex founder and CEO, Faruk Fatih Ozer, promised to return the money to the investor and return to Turkey to face the public. refund after refund. However, the Turkish government has launched a blockade on Thodex’s accounts, and its headquarters in Istabul has been ransacked by police. According to Turkish media, the damage in this virtual currency exchange crash could reach $ 2 billion. A lawyer representing the victims said that the investment capital of about 390,000 investors had fallen into a “irreversible” state. However, through a statement posted on the company’s website, Ozer denied both numbers, saying that only about 30,000 investors were affected. Some Turkish officials see the incident as another reason to increase control of the cryptocurrency market. Over the past years, the rapid rise of virtual currency prices globally has been paralleled with many frauds and frauds related to exchanges. Mr. Cemil Ertem, a senior economic adviser to President Tayyip Erdogan, said that the Turkish government needs to act as soon as possible. “Patterns of pyramid fraud are emerging. Turkey needs to implement surveillance regulations that are both suitable to the domestic economic situation and in accordance with global developments”. Thodex is part of the virtual currency fever that attracts a large number of Turkish investors who want to find a “shelter” for their savings in the context of dizzying inflation and a lack of local currency rates. stability. In March, inflation in Turkey was 16.2%, 3 times higher than the 5% inflation target set by the Central Bank of this country. This year, the Lira rate has dropped 10% against the dollar, marking the 9th consecutive year of decline. On Wednesday, Mr. Erdogan revealed that the Turkish government has “burned” $ 165 billion of foreign exchange reserves in the past two years to protect the local currency rate, but has not brought the desired results. Concerns about inflation and exchange rate motivate the Turkish people to look for alternative investment channels, including virtual currency. On Friday last week, the value of virtual currency transactions in Turkey reached more than 1.2 billion USD, up 3 times compared to a week earlier, according to data from coingecko.com. Meanwhile, the average daily trading value of the Turkish stock market is only about $ 3.1 billion.

After the slogan “Shoes are not fried” was called out by the platform again, the minibus of the shoe-fried shoemaker typed “Hehe”.

Recently, The limited edition Li Ning sneakers were fired up to 40,000 yuan a pair on the trend trading platform Dewu, and they were removed from the Dewu App and the transaction account was blocked. , The madness and danger of fried shoes has once again attracted the attention of the public.

The last time I was severely hit was in October 2019. The central bank issued a document warning of the financial risks behind the “shoe speculation fever”, including naming and criticizing the trendy shoe trading platforms such as Dewu, nice, stock, and 95 points. At that time, Dewu (formerly known as “Poison App”) and Nice issued a statement that “shoes should not be fried”, but only from the interaction on Weibo comments, netizens did not buy it.

Image source: Weibo screenshot

After a year and a half, the platform once again made a sound of cracking down on fried shoes. Will the market for fried shoes cool down?

Since Li Ning’s sneakers were fired in early April, reporters from the “Daily Business News” interviewed more than ten senior shoe speculators with a long “shoe age”. They generally believe that: The shoe market is temporarily calm, but driven by interests, brand owners, trading platforms, and shoe buyers are still at the “card table”, and the shoe market will not be quiet.

The rise of platforms, opening up the C2C market

Retail investors flood into the “secondary market” of sneakers

In the post-80s to post-95 youths, wearing a pair of Nike and Adi sneakers will automatically “walk with the wind” to gain the capital to show off in the class. NBA enters China, “Slam Dunk” is popular, basketball has become a national sport, and “shoe culture” also has soil in China.

Recalling when he was in middle school, Zhou Shou felt that there were only three things that attracted the attention of others, “playing well, studying well, and looking handsome”, but he didn’t account for the same. Until one time, when he went to school wearing a pair of Nike shoes, he unexpectedly discovered that he was part of the group.

“Going back to the early stages of users, especially in China, students can best demonstrate their individuality in shoes.” Yang Bing, born in Jiangxi in 1986, said in an interview that he has developed a strong interest in basketball since middle school. Like other basketball enthusiasts, good sneakers are what he dreams of.

With interest and business opportunities, Yang Bing and Zhou Shou started their business when they were in college. The former founded the sports information website Hupu and derived it, and the latter founded nice. These two apps quickly developed into the main platform for online sneaker trading, and the business rooted in sneaker culture began.

Image source: Screenshot of Dewu APP

Before these two platforms came out, the sneaker enthusiast Hu Ge mainly bought shoes through the forum. He still retains the bbs website that he used before, although it is now a link that cannot be clicked. “At that time, you had to leave a message in the forum to buy shoes, add QQ to other people, make appointments for offline transactions, and also look at the credibility of the other party.” Brother Hu told reporters.

After Dewu, nice and other apps that carry trendy shoe trading functions are launched, the threshold for buying and selling sneakers has been lowered, and the threshold for frying shoes has also been lowered.

“Before there was a platform, there were transactions in private. Everyone made profits by their own ability.” The shoemaker minibus revealed to reporters, “After the platform appeared, disputes about transactions, such as disputes over defective shoes, were reduced. It’s easier to trade.”

“If the brand sells limited editions, wholesalers get the goods and then sell them to agents, it is the primary market for sneaker trading; then countless retail investors frequently buy and sell sneakers through the platform, which is the secondary market for sneaker trading.” Five-year-old Xiaoyi said, “When I first entered this industry, there was no platform. To buy shoes, you must have dealer resources to get the goods; to sell shoes, you must also have customer resources to ship. The platform has opened up a C2C market. You don’t need to have shoes on your hands, you don’t need to have customers on your hands, you can plunge into the heat of frying shoes.”

In Xiaoyi’s view, the platform has promoted the “shoe-fried shoe fever.” “In 2016 and 2017, I used AJ shoes with discounts, and now there are no discounted shoes. Because of the large number of people playing, the high popularity, and the high demand, the price naturally rises. I can say that the price of sneakers fluctuates like this. It’s so big, 80% of the reason lies in the platform, which gives the public link the entrance to fry shoes. Before the information was blocked, there were few people participating, and there were not so many “downs” in the middle. Now anyone can buy and sell frequently on it, and the number of flips increases, and the price will definitely come up. ”

“Great God” earns one million a month, buys luxury houses and luxury cars

No amount of financing risk can withstand the temptation to make wealth

In order to improve transaction efficiency, the American shoe speculation platform took the lead in launching the Adi, Nike, and AJ index, and nearly ten domestic shoe trading platforms followed suit. Sales charts, ups and downs, price curves…The data that the platform beats is money that never tires, and it stimulates the nerves of players all the time.

At the craziest time, some small platforms even sold sneaker tickets. Retail investors can buy 0.3 pairs of AJ and 2.5 pairs of Adi, and sneakers have completely become virtual securities products. Small loan companies also ran into the market to provide instalment and leveraged services for the shoe speculation platform. The financial snowball of speculation shoes is getting bigger and bigger.

And no matter how high the financing cost and the big financing risk are, it can’t resist the temptation to create a rich myth by speculating shoes.

Image source of Nike stores: Photo by reporter Zhang Jian

“In more than three years, I have made more than 1 million yuan in shoes.” Li Da, who entered the shoe market in 2018, has established his own supply channels in just a few years and has many fixed merchants downstream. When business is good, Li Da can sell two to three thousand pairs of shoes a day. “For example, the AJ bargain that was very popular before. The price I got was 4,000 yuan/pair, and I sold it to merchants at 10,000 yuan. A pair of net profit was 5,000 or 6,000.”

“I’m still earning less.” In Li Da’s mind, the “great gods” in the industry are those “predecessors” who earn millions of dollars a month to buy luxury houses and luxury cars through their shoes.

When he first entered the industry, Xu Huan was also making money. “By directly collecting sneakers at the sale site, I made a small profit of more than 20,000.” Xu Huan recalled to every reporter that since then, she has been out of control. Without a stable source of front-end supplies, she can only sell in the secondary market. Get shoes at a higher price.

Sneaker resale platform trading volume source: nice APP screenshot

“I don’t know how many times my shoes have turned hands.” After the sneakers were priced up layer by layer, Xu Huan’s profit was meager. In order to make another charge, she began to borrow money from people around her, and she had nowhere to go. After borrowing, they will add leverage to third-party institutions in the form of installments to continue to fry shoes. “Ribunli, now I can’t support it anymore.”

Xu Huan did not disclose the specific amount owed, but she said that she has been unable to repay her debts by frying shoes, and now she has decided to withdraw from the shoe market. “The risk of speculating shoes is high, and once the capital chain is broken, I will lose my money. I understand all these principles, and I blame me for being too young.”

In the shoe market, some people make a lot of money, while others lose money. In Xu Huan’s view, the platform is always the one that makes steady profits without losing money.

Every time the reporter noticed, considering a pair of sneakers priced at 3477 yuan, if you sell on nice, you need to pay 1.2% of the share to the platform, or 41.7 yuan; and for the goods, you need to pay a 5% share to the platform. , Which is 173.82 yuan. However, there is a “cap” on the commission for the goods. When the transaction amount reaches 5,000 yuan and above, the platform share is fixed at 249 yuan. How exactly is the commission rate for gains determined? Every time the reporter asked about getting things, but as of press time, no response has been received.

Nice (left) and Dewu commission comparison. Picture source: Photo courtesy of the respondent

There are also shoe speculators who believe that platform commissioning is not a big problem. “If you don’t have something, nice, where would you go to sell it? (Fried shoes) have already made so much, so don’t worry about the platform’s share. No matter it is the 5% handling fee or higher, I can accept it. “Shoe-fried shoemaker Ahao told reporters that the handling fee for trading sneakers on overseas platforms is higher. “A pair of more than $250 shoes will cost about $30.”

No matter how the market for frying shoes changes, whether it is a high price or a sharp drop in the dive, the shoe fryers need to take risks, but the platform is a stable commission “driving and flooding to ensure income.” Zhang Yi, founder and CEO of iiMedia Consulting Group, pointed out in an interview with reporters that after deducting promotion and operating costs, “the platform is still profitable.”

Image source: iiMedia Consulting

You can grab 200 pairs of sneakers at one time

The robot is the “efficient” ordering program

Those who don’t want to become “leeks” know that for those limited editions with hype value, taking shoes from the “secondary market” means that the price may have been overturned several times. In the “primary market” that is the source of the brand, the cost will be lower if the goods are bought at the selling price.

But getting goods from the “primary market” is not easy. Through open channels, the brand’s limited edition sneakers are as difficult as buying a house lottery. To pass the online lottery, after winning the lottery online, you have to draw another lottery offline before you can finally be eligible for purchase.

In order to increase the “lottery winning rate”, shoe speculators have long used the “scratch plug-in”. “The main purpose of using plug-ins is to receive reminders before the sneakers are sold, so that they can raid the sale pages more accurately and quickly.” Ahao told reporters that there are many free plug-ins in 2016 and 2017, but The charging mode is now open. “The one-stop membership system is about 25 to 35 yuan per month.”

Using plug-ins to grab shoes can only be said to be a step ahead, but whether they can be grabbed and how many can be grabbed in the end is unknown. This has prompted the industry to evolve a more advanced gameplay-robot grabbing shoes.

“Our team’s channels are abroad, and they mainly use robots to grab shoes, and they can grab about 200 pairs of sneakers at a time.” According to Ahao’s description, the robot is equivalent to an “efficient” order processing program. The use of robots can help shoe speculators improve the efficiency of grabbing shoes on overseas official websites when sneakers are on sale.

Nowadays, even the price of robots has risen, and it has become a limited amount of sweet pastry. “There are good robots both abroad and domestic, which is equivalent to selling you an ID, and you have the authority to pay for the ID.” Ahao said, “ The current price of robots ranges from 2,000 yuan/unit to 130,000 yuan/unit, most of which are still between 20,000 and 50,000/unit. With robots, regular renewal is required. In fact, the original price of the robot is not that expensive, but it is basically impossible to buy it now, so there is a high premium. ”

From plug-ins to robots, tools for fry shoes are also being fired.

There are a large number of second-hand sneakers transaction information on the platform. Image source: APP screenshot

In fact, in terms of production links, the sneaker manufacturing industry, which has already been industrialized and mass-produced, basically does not have the problem of technology and capacity supply. But for the brand, selling high-end limited edition sneakers can increase brand value. Scarcity brings “nobleness”, and a game of “hunger marketing” has been played since the beginning.

Take a domestic brand sneaker that has recently been pushed up in the secondary market. The shoe vendor Xiaoye discovered that the store where he often took the goods quickly controlled discounts. “We used to get a 40% discount on shoes, but now we can only get a 20% discount, and there is even no discount. When we get the shoes at the original price and put them on the secondary platform, the price will definitely be higher than before.”

“Later I couldn’t get the shoes at all, and I just asked if I didn’t. Now the store manager just likes to answer, and he sends a message to reply four or five sentences a day. He said that he would sell my shoes at a discount, but in the end they were all released with pigeons, or just “Original price.” Xiaoye vomited, “When I asked for the first time, she said that the store was too busy; the second time, she said that she would consider it, and only the third time she agreed to give me some.” In short, as the prices of certain brands have risen. In order to get shoes that were not so popular before, the shoe-fried shoemaker needs to grind hard and soak with the brand channel.

In Xiaoye’s view, the brand can bear the blame for the price increase of sneakers in the secondary market.

Shoe-fried people are mostly Generation Z

The borders of emerging markets are ambiguous, and supervision is almost blank

The more people interviewed, the harder it is to define each individual involved in shoe-making with a simple “black” or “white”. For example, a minibus whose side business is to fry shoes. His hobby is to study sneakers. “If the price of my hoarded sneakers goes up, the reason for being happy is not just making money, but it also proves that my vision has been affirmed. If I fall severely, I usually wear them myself.”

In this emerging market with ambiguous borders, rules and supervision are almost blank, traps and scams are proliferating, and every shoe speculator will encounter big and small “pits.”

Chen Ru, who only stepped into the “shoe circle” in 2019, “for a time doubted his commercial ability.” Every time the reporter interviewed more than a dozen shoe speculators, most of them were born in 1995 or even after 00. Chen Ru is a middle-aged man with decades of business experience.

“At that time, for investment immigration, I set up a trendy brand store and opened fire. After returning to China, there was nothing wrong with me. I felt that I could do a good job in frying shoes. The amount of money invested in a shoe alone was quite large. I became famous because I lost tens of millions.” Chen Ru told reporters.

Li Ning Sports Brand Image Source: Photo by reporter Zhang Jian (data map)

“I have been trading in the secondary market for luxury goods very early, and the hype price of Rolex’green water ghost’ far exceeds sneakers. But we are basically dealing with mature businessmen. When I placed an order, a watch was worth 70,000 yuan. Even if it was up to 75,000 yuan when it was delivered, normal suppliers would basically hand it over to me at the original price. But these little friends who fry shoes will “pigeon” you without any shame. “

“He (Chen Ru) was deceived by the’pigeon’, and I was deceived directly.” Xiaoyi, a shoemaker sitting next to Chen Ru, said to every reporter: “I once gave people money to get the goods, but they took the money and didn’t ship the goods, so they just rolled the money and ran away.”

Later, the middleman who ran away was arrested. He defrauded a total of more than 6 million yuan, and 1 million yuan from Xiaoyi. And this middleman is just a 21-year-old young man. “With millions in his hand, he can’t control so much money. He may have squandered it. He didn’t realize that this kind of deceptive behavior would bring himself more than ten years of imprisonment.”

Young age, weak legal awareness and risk awareness, these are common problems existing in mainstream shoe speculators.

And what responsibilities does the platform have to shoulder in it?

In 2019, after being named by the central bank as the “financial risk of speculating shoes”, nice issued a statement to comprehensively rectify speculation on the platform, including: offline and shutting down the transaction curve, increase list, and sales list; clear the guide in the community , Content and comments that instigate fried shoes.

On April 14th, every reporter opened nice and saw that the sales curve, the increase list, the sales list, and the comments in the community have already made a comeback. Regarding the content displayed on the nice platform, every time the reporter inquired about the nice aspect, as of press time, no response has been received.

Image source: Screenshot of the trading platform

In fact, if the platform wants to monitor the speculation of shoes, the easiest way is to monitor those shoes whose prices fluctuate particularly greatly. “The obvious deviation from the normal brand premium is caused by the hype premium.” Xiaoyi said. “But I think the most important thing to reflect on is that those who come in with a sense of wealth and speculation will not lose money on shoes, but they will also stumbling on others.”

(In the article, the interviewed shoe buyers are all pseudonyms)

Reporter’s Notes | Beware of the aging of the fried shoe market

Generation Z is a buzzword, it seems that once something is grafted to “Generation Z”, it seems a little bit of magic.However, when the shoe-fried shoes meet the Z generation, it is a phenomenon worthy of vigilance.

It is true that on the sneaker trading platform, ID cards are required to be uploaded, and registration is not allowed under the age of 18, but there is no shortage of middle school students who are keen to fry shoes under the age of 18.

Even if they are between 18 and 21 years old, most of them are undergraduates who have not yet graduated. They do not yet have a stable source of income, where does the principal of the shoes come from?

Liu Yonghao once said that his son also invested in the sneaker business and invested 20,000 yuan, but the other party ran away. Liu Yonghao felt that this was a good business education for his children.

The problem is that not every young person comes from a wealthy family, and the greed that cannot stand the temptation of wealth and profiteering is human nature. At this time, if high-interest Internet lending methods that can be mortgage-free are opened to them, once there is a runaway The collapse and the financial snowball are the students who lack the ability to resist risks.

reporter:Ding ZhouyangDu Wei Shu Dongni

Intern: He Qiwei

Editor: Dong Xingsheng Song Hong

Video Editor: Zhu Xingyun

Vision: Zou Li

Typesetting: Dong Xingsheng Ma Yuan

Daily economic news

From Eva Lamby-Schmitt, ARD capital studio It was a shock for investors and experts alike when three companies in the P&R group of companies went bankrupt – completely surprising. 54,000 investors feared for their money . Together they had invested more than three billion euros. The billion-dollar bankruptcy of the container rental company P&R has shown: That Small Investor Protection Act of 2015 is not enough. The protection of investors must be further strengthened, according to the federal government’s draft law, which the Bundestag is discussing for the first time today.

Facilitate risk assessment

The main thing is more transparency, explains Sarah Ryglewski, Parliamentary State Secretary at the Federal Ministry of Finance. “By publishing documents on the BaFin website on which investors base an investment decision,” she explains. In this way, private investors should be able to better assess the risks in the future. In addition, advisors and investment brokers are to be supervised by the Federal Financial Supervisory Authority (BaFin). “That is a clear step and has not been the case so far,” says Ryglewski, “so we also say here: In future, sales may only be permitted by supervised consultants and intermediaries.”

Prohibition of “blind pools” planned

A certain form of investment is to be banned completely in the future: so-called “blind pools”. This is a form of investment in which it has not yet been determined which specific investment objects will be financed with the investor’s money. “That is simply not suitable for private investors because they do not know what they are investing in and the possible risk is not really clear either,” says Ryglewski. “In the future, no more money may then be collected from private investors through publicly offered investments.” The ban on blind pools is the right step, says Stefan Loipfinger, an analyst at investmentcheck.de. But in his opinion the draft law is not enough to protect investors from fraud. “In future, the legislature will prevent providers from being allowed to sell products themselves. But it does not prevent investment brokering from taking place,” says Loipfinger.

The use of funds is to be monitored in the future

But at least: A case like the one at P&R, in which the company used the investors’ money for purposes other than intended, is no longer possible with the new law, explains Loipfinger. “Because there has to be a control of the use of funds who checks that an investor’s money actually flows into the investments, as stated in the prospectus.” For Stefan Schmidt from the Green parliamentary group in the Bundestag, the new draft law is a step in the right direction. “However, you have to look at this in detail again to see whether the measures are really sufficient or whether – from my Greens perspective – you don’t even have to go a little further.” In the end – everyone agrees – it is important that investors are well informed and advised on their behalf. The FDP member of the Bundestag Florian Toncar is calling for less bureaucracy. “More paper alone is not the solution. It is more that we talk about the quality of information, that we make it clearer and uniform for all product categories.” Clear information – that is exactly what well-informed investors need.

Illustration

According to TS. Phan Huu Thang, Vice Chairman of Vietnam Real Estate Association, industrial real estate is a bright spot in the coming time. The number of 326 industrial parks, thousands of hectares of industrial land in our country has been attracting great attention to foreign businesses.

“In the coming time, real estate investors may pay attention to this market”, Mr. Phan Huu Thang emphasized.

Actual developments in the market and a survey by the Vietnam Real Estate Brokerage Association show that the current average occupancy rate in industrial zones is over 70%; Average factory rent across the country ranges from 60,000 to 80,000 VND / m2 and the price of land in industrial zones with infrastructure ranges from 3-5 million VND / m2 and may continue to increase in the near future.

In the first quarter of 2021, the industrial real estate market was very active in a number of localities with great potentials and strengths in industrial development, including Long An, Dong Nai, Binh Duong, Binh Dinh, Thanh Hoa, Quang Ninh, Hai Duong, Bac Giang …

Along with that, most of the provinces and cities capable of industrial development are very interested in proposing the development of new industrial zones, and at the same time have specific mechanisms and policies to attract investors, especially foreign enterprises investing in these industrial zones.

In the context that Vietnam successfully prevented the COVID-19 epidemic and positive results in economic development, experts in the real estate sector forecast that in 2021, the shift of production and installation of orders. goods from outside areas continue to shift to Vietnam will be a ‘push’ to increase the demand for industrial real estate in the country.

Accordingly, many new industrial zones will continue to participate in the Vietnamese industrial real estate market and there will be many new projects to develop infrastructure of industrial parks approved. Many logistics projects serving industrial zones will also be promoted.

However, real estate experts also warn localities to carefully calculate in the new industrial park project, to avoid falling into the risk of redundant crisis as happened to some localities. Phuong.

CEO Phu Dong Group: ‘It is not capital, land fund that is the biggest difficulty for investors’.

In the position of investor’s representative, Mr. Ngo Quang Phuc, General Director of Phu Dong Group, said that at present, the problem of capital is not a problem for investors, but the biggest difficulty is the land fund for implementation of real estate projects.

According to Mr. Phuc, over the past time, the land price has increased, the planning of suitable land funds to implement projects still has many shortcomings, so to harmonize this issue, the state needs to plan specifically for each area, specially acquired land to create large land funds then auctioned investor selection implementation

Mr. Phuc also emphasized on the inadequacies of legal procedures and the state. According to the General Director of Phu Dong Group, it is necessary to shorten the time to resolve the procedures, creating opportunities for investors to implement projects faster, thereby solving the problem of lack of housing supply. now on.

Reply to TS. Nguyen Anh Tuan, Editor-in-Chief of the Investor Magazine on the problem of private participation in transport infrastructure construction, Mr. Le Do Muoi, Director of the Institute of Transport Strategy and Development ( Ministry of Transport), affirmed that the resources for transport need to be very large, it is very difficult for each state to do it.

“Medium-term capital (2021-2025) for transportation is about 1.2 million billion VND. This is a very large number. The current legal corridor has the Law on Public Investment and the PPP Law, but unfortunately the PPP law has removed the BT form from the law, making it difficult for only forms such as BOT, PPP to call for resources. Asking the giants easily get a shake of the head when calling for PPP cooperation, ”he said.

The representative of the Ministry of Transport also affirmed that transport is a public need, not a private profit. Therefore, capital needs to be socialized with great demand.

“At present, the ring roads also call on investors to participate with many suitable solutions for the benefits of both the state-investors – the people. The Ministry of Transport will sit down with interested investors to dedicate resources to listen and find different, suitable forms for cooperation. The Ministry of Transport has an open policy mechanism to call for investors in projects with high feasibility, ”said Mr. Muoi.

Regarding the issue of calling for investment capital for transport infrastructure, continue with the presentation, PhD. Nguyen Anh Tuan said that investors have great expectations on the PPP Law, but the recently issued Decree of the Ministry of Finance is facing many “complaints” and says inequality. The problem mentioned by many opinions is the mobilization of foreign capital for transport infrastructure development, but so far no investors have participated.

Answer this question, GS-TSKH. Nguyen Mai said that if mobilizing FDI, the biggest risk will be encountered is delay, which is followed by capital mobilization.

Therefore, the most important thing of current management, according to Mr. Nguyen Mai, is overcoming delays from licensing, implementation, site clearance, cost effective calculation, … to Investor implemented on schedule.

“This is a long story. And to be enforced is a story forever. FDI has so far failed in BOT, PPP and even more failed to invest in transport infrastructure. For example, it is the case that investor IL&FS (India) has expressed interest in the Hanoi – Hai Phong expressway. Although the negotiation is almost completed, the problem of many problems has made the project unable to sell “, GS-TSKH. Nguyen Mai said.

“The first BOT Decree was born in 1993, 5 years later, the PPP Law was born, but in the end, it is nothing to do, because it cannot answer the legitimate interests of investors. If we do not have innovative thinking, we do not listen to irreverent criticism, we cannot correct fundamental mistakes. Currently, many foreign investors want to participate not only in road traffic, but also railways and airports. If we have a more reasonable law, more open and transparent, and ensure legitimate benefits, both domestic and foreign investors will want to contribute capital to implement projects with the state ”, Professor-TSKH. Nguyen Mai emphasized.

On April 16, the first Pinqi Real Estate Conference was held in the China Ship Pavilion at the Shanghai World Expo. At the meeting, the world’s first operational property digital asset management platform-iREAM system was officially released.

On April 16, the world’s first operational property digital asset management platform-iREAM system was officially released.

It is reported that iREAM uses blockchain, AI and other digital technologies to connect real estate investment, transformation, investment promotion, and operation, to create information transparency and build a new integrated platform for commercial property management. Each user can conduct property investment and operation management on the online platform anytime, anywhere.

At present, China’s real estate has entered the “stock era”, and many real estate developers are actively exploring the real estate stock. Available real estate is in the ascendant, and the industry is facing many pain points: the large transaction acquisition process is complex, real estate information is opaque; asset flows lack capital support; traditional businesses cannot keep up with the innovation of the times; front-end data collection is decoupled from practical applications and cannot meet the requirements of operational diversity… …For ordinary investors, investing in commercial real estate often has a high investment threshold, and it is difficult to identify the value of the project.

Under the epidemic, the outbreak of new demands and the emergence of new scenarios have been accelerated, which has promoted the transition of new service models in the real estate industry from offline to online, and promoted the digital development of work scenarios.

At the conference, Wang Qian, founder of Yufeng (Shanghai) Real Estate Co., Ltd. and iREAM digital real estate asset management platform; Li Chong, a professor in the Department of Electronic Engineering at Columbia University, explained how AI and other cutting-edge technologies can subvert the existing asset management value system, and for the first time Publicly introduce the iREAM asset management platform.

It is understood that iREAM applies digital technologies such as blockchain and AI to all aspects of real estate investment, renovation, investment promotion, and operation. Transaction and real estate data are on the chain to ensure the authenticity of real estate information; point-to-point services and transactions using smart contracts, decentralized communication; asset tokenization splits equity, small amounts can invest in commercial real estate; AI empowerment, intelligent recommendation of housing Source, service automation; VR remote experience real estate structure, open up the real estate information flow, capital chain, business flow, decentralized management, and change the traditional asset management model.

Since April 2020, the iREAM asset management platform has managed 9 real estate projects in the Shanghai and San Francisco Bay Areas, and its business covers all asset management links such as investment, renovation, investment promotion, and operation. In 2021, the team will use cutting-edge technologies such as blockchain, NFT, and AI to realize single-asset digital transactions, digital original certificates, dynamic pricing, smart contracts and other functions.

Currently, many companies in the real estate industry are actively transforming, and technology is one of the important directions. “Technology improves the efficiency of different aspects of real estate, changes the operational structure, and brings new increments,” said Wang Qian, the founder of iREAM. Today, in the digital age, exploring new models of asset management with technology will allow more investors to participate in commercial real estate investment and operation and maintenance.

(This article is from The Paper. For more original information, please download the “The Paper” APP)

Attractive virtual money market

After many sessions close to the old peak, Bitcoin has penetrated the threshold of 62,000 USD and then 63,000 USD / Bitcoin on the evening of April 13. Currently, Bitcoin price is fluctuating around 63,500 USD / Bitcoin, sometimes close to 64,000 USD / Bitcoin. Thus, in the past 1 year, the price of Bitcoin has increased about 9 times, a level of return far exceeding all traditional investment channels such as stocks or gold.

As Wall Street becomes more and more open to cryptocurrencies, Coinbase’s direct listing is attracting great investor interest, according to financial experts. Especially on April 14, Coinbase officially became a public company on the Nasdaq. This is the first major crypto company to list, considered a major turning point for the digital market as well as a test of the level of investor interest in startups. (startup) differs in this area.

Not only Bitcoin, but also many cryptocurrencies issued by exchanges also increased in price ahead of the Coinbase listing. Typically, Binance Coin increased 23% in the first day of the week; Houbi Token and KuCoin Token both went up.

Before the excitement of virtual money, the virtual money market, also known as electronic money in Vietnam, became active again when investors realized that this currency had promising potential. As can be seen, the appearance of Pi, a new cryptocurrency and other virtual currency units in early 2021 has attracted a large number of new investors to join.

In Vietnam, virtual money in general and currencies like Bitcoin, Litecoin … in particular are still not recognized and are not legal means of payment. The issuance, supply and use of virtual currency are prohibited acts and will be sanctioned according to the Government’s Decree No. 96/2014 / ND-CP on sanctioning of administrative violations in the monetary and banking sector. Criminal Code 2015 (amended and supplemented). Previously, the State Bank of Vietnam had warned many times that investing in virtual money caused great risks to investors.

Unpredictable risks

According to market research Statista, Vietnam has the 2nd highest cryptocurrency usage rate in the world, after Nigeria. With millions of dollars traded every month, crypto exchanges are a good prey for cybercriminals.

The technology security companies said that fraudulent acts on electronic transactions are very diverse and sophisticated, such as collecting information from developers and investors; attack with malware, phishing, malicious code, fake notification, navigate to fake website, DDoS … and steal electronic wallet security key.

The famous criminal group in the world that focuses on cryptocurrencies today, such as Lazarus, BlueNoroff (a member of the Lazarus family that specializes in attacking the financial sector) is also said to be carrying out related attacks. to cryptocurrencies in Southeast Asia under the name SnatchCrypto.

The vibrant virtual money market attracts many Vietnamese investors to rejoin (illustrations).

Not only that, the risk of losing money also comes from virtual currency exchanges and can be collapsed at any time. Commenting on this type of investment, Lawyer Pham Duy Khuong, CEO of ASL Law Firm, said that although he is always warned about potential risks, what makes virtual money still attractive to investors. it is too big a profit. But the downside of the coin’s development has actually created a series of risks of “junk” virtual money investment channels appearing more and more.

Worryingly, virtual money “trash” tends to increase sharply and is “sucking blood” of investors. Specifically, with an attractive offer of great profits from virtual currency exchanges, investors massively poured money into “junk” virtual currency floors and then after a short time, the floor suddenly collapsed, when Then new investors fall back to be deceived. More sophisticated, when many cryptocurrency exchanges have “lured” investors to buy real virtual money, then use these virtual currencies to buy back virtual money “trash” “In order to make high profits and then the investors lose all their investment money.

However, according to the experts, it is very difficult to sanction fraud on these type of exchange owners. Because, if investors contribute with real money to the property, it can also be sanctioned, but if you contribute virtual money – a currency that is not an asset or a means of payment, there is no legal status, so it is not. there are grounds for punishment

Chris Connell, Managing Director of Kaspersky Asia Pacific said: “The development of cryptocurrencies is an integral part of digital transformation in the region and in Vietnam. Therefore, we encourage individuals accessing these financial technologies to have a basic knowledge of security measures to keep their cryptocurrencies safe.

Specifically, before investing, learn about cryptocurrency exchanges. These platforms provide the means for buying and selling virtual currency units as there are more than 500 exchanges. Do research, read feedback and talk to experienced investors before going any further.

After buying cryptocurrencies, investors need to know how to choose a digital wallet to keep. Because there are different types of wallets, each has different benefits, technical requirements and security. Therefore, players should research hosting options before investing.

However, according to the warning of financial expert – securities Phan Dung Khanh, Investment Advisory Director of Maybank Kim Eng Securities, do not put all your capital in Bitcoin just because it is the only name you know. There are thousands of options and it’s best to divide your investments by a few different units of money. Even so, cryptocurrencies are a volatile market, so if their investment ability or mental health cannot withstand the volatility, cryptocurrencies may not be a wise investment.

In particular, always uphold security when trading virtual money. Ideally, home trading is safer than using a public network, but you need proper security. For starters, it’s a good idea to change your router’s default password because the root password is usually the same for all routers of the same model, making your Wi-fi vulnerable to attack. In any case, it is best to do all electronic transactions over an encrypted VPN channel, which will add an extra layer of security.

A global customer survey conducted by Statista shows that Vietnam has the second highest cryptocurrency usage rate in the world, after Nigeria.

With millions of dollars traded every month, cryptocurrency exchanges are a good prey for cybercriminals. Fraudulent acts on electronic transactions include developer and investor information collection; attack with malware, phishing, malicious code, fake notification, navigate to fake website, DDoS … and steal electronic wallet security key.

A notorious cybercrime gang that targets cryptocurrencies is Lazarus and its members. Since 2019, Kaspersky researchers’ investigations show that Lazarus is behind the recent attacks in Singapore.

BlueNoroff, “family member” Lazarus specializing in the financial attack, is also said to be carrying out cryptocurrency-related attacks in Southeast Asia under the name SnatchCrypto.

The gang targeted banks, and was also accused of being involved in the theft of $ 81 million by Bangladeshi banks. Kaspersky researchers have been tracking SnatchCrypto since the end of 2019 and found that the guys behind the campaign have resumed operations with a similar strategy.

Chris Connell, Managing Director of Kaspersky Asia Pacific said: “In the near future there will be more new crypto investors across Southeast Asia as the bargains from different cryptocurrencies are undeniable, and Vietnam is one of the countries that are at the forefront of this transformation.

The development of cryptocurrencies is an integral part of digital transformation in the region and in Vietnam, so we encourage individuals who access these financial technologies to have a basic knowledge of security measures to keep our cryptocurrency safe ”.

Experts at Kaspersky share some basic ways to protect yourself against cybercriminals on cryptocurrency exchanges:

– Transaction research: Before investing, learn about cryptocurrency exchanges. These platforms provide the means for buying and selling virtual currency units, but there are over 500 transactions to choose from. Do research, read feedback and talk to experienced investors before going any further.

– Know how to keep your virtual currency: After purchasing cryptocurrency, you need to keep it. There are different types of wallets, each with different benefits, technical requirements and security. When trading, you should research your storage options before you invest.

– Diversification of investment: Diversification is the key to any smart investing strategy, and so is when you invest in cryptocurrencies. Don’t put all your capital into Bitcoin just because it’s the only name you know. There are thousands of options, and it’s best to divide your investments by a few different currencies.

– Prepare for instability: Cryptocurrency is a volatile market, be prepared for volatility. You will see amazing fluctuations in prices. If your investment ability or mental health cannot tolerate volatility, then cryptocurrencies may not be a wise investment.

Cryptocurrency is booming, but it’s still in its infancy. Investing in something new always presents challenges, so be prepared. If you are planning to invest, do your research carefully and invest carefully.

– Always give security: Transacting using your home network is safer than using a public network, but you need the right security. For starters, it’s a good idea to change the default router password because the root password is usually the same for all routers of the same model, making your WiFi vulnerable to attack.

In any case, it is best to do all electronic transactions over an encrypted VPN channel, which will add an extra layer of security.

When choosing a VPN service, pay attention to the connection speed (depending on the number and quality of the server group of the provider).

On the afternoon of April 14, leaders of Ho Chi Minh City had a meeting with representatives of foreign agencies in the city.

HCM City Party Secretary Nguyen Van Nen (middle) and Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong exchange with representatives of foreign agencies. Photo: TL

Expanding many new investment areas

Speaking at the meeting, Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong informed that in 2021, the city will expand the field of investment, proposing many comprehensive development plans and projects, of which construction is outstanding. Smart city, financial and development center of Thu Duc city.

He said that these projects aim to improve the working ability, quality of life and sustainability of the city. “I firmly believe that foreign businesses will find here (Ho Chi Minh City and Thu Duc City) a lot of potential and great investment opportunities” – Mr. Phong said.

Thu Duc City will be a Silicon Valley

Regarding the development of Thu Duc city, Mr. Nguyen Thanh Phong informed representatives of foreign agencies that this is of special concern. For this reason, the current labor productivity of the Hi-Tech Park in Thu Duc City is 16.6 times higher than that of the country and 6.6 times higher than that of Ho Chi Minh City. Since then, Phong expects that after 5-10 years, Thu Duc City can contribute 30% to the economy of Ho Chi Minh City, equivalent to 6.6% of Vietnam’s GDP.

The head of the Ho Chi Minh City government added that the city is currently researching to build a specific mechanism for Thu Duc City with the expectation of building this place into a high-tech commercial urban area, similar to Silicon Valley. of America.

On the smart city project, Mr. Phong said that he would build four main centers (pillars). In particular, with shared data warehouses and developing open data ecosystems, the city is in need of intelligent or artificial intelligence solutions to analyze collected data, serve decision making and the administration of the city government. With the center of socio-economic forecasting simulation, the city is calling for investment in two areas: Construction of facilities, equipment to update advances in science and technology and human development …

Regarding the project to build a financial center, Phong said when the center is formed, it will allow the city to keep pace with trends in the era of comprehensive globalization in investment, commerce, finance and technology. .

Therefore, he wishes to seek additional external support resources in training human resources in financial technology; consulting on legal and regulatory frameworks for the development of financial centers; developing financial technology infrastructure in Thu Thiem urban area … Along with that, he also wants to support connecting the city with world financial centers.

Maximum support for investors

At the meeting, representatives of consular offices, economic – commercial – cultural offices, international organizations in the city raised many exchange issues such as when Vietnam plans to open tourism again. again, Vietnam’s vaccination plan.

For Ho Chi Minh City alone, they propose to have a private working trip with Thu Duc City to learn about projects in this new city. At the same time looking forward to more information about foreign investment support in the city.

Talking back, Chairman of the City People’s Committee Nguyen Thanh Phong said that the city currently has a cooperation agreement and cooperation agreement with 57 localities of the countries in which Vietnam has diplomatic relations.

One of the contents that many foreign diplomatic agencies are interested in is to find out about investment in Thu Duc City. Mr. Phong informed that the city had built a table about Thu Duc city to introduce eight creative points of this city. This is one of the places where investors can learn about investment.

Besides, Mr. Phong also shared a number of policies to support the development of auxiliary technology, foreign small businesses investing in the city. At the same time, he said that in order to support the fastest possible procedures for investors, the city has established an investment working group and a working group for external relations and international integration.

Therefore, he wants international friends and partners to join hands and accompany the city to complete the set goals. This will be an opportunity for investment cooperation to make Thu Duc City soon become a highly interactive, creative urban area in the shortest time.

Ho Chi Minh City: High goals, great aspirations for the mighty country

Speaking at the meeting, Member of the Politburo, Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen affirmed that in the periods, the city development always has your companionship, sharing, support and help. international friends. He is grateful for that contribution.

Answering the question of a representative of a foreign agency about the development of Ho Chi Minh City, Mr. Nguyen Van Nen affirmed that economic development is associated with environmental protection, definitely not exchanging environment for development. economy.

According to Mr. Nen, the foreign policy of Ho Chi Minh City is not exclusive, but is according to the general foreign policy of Vietnam. But Ho Chi Minh City is always for the whole country, the same country and has ambitions and aspirations to match the leading economic role of the country.

Regarding the question of whether the aspiration raised by Ho Chi Minh City is too high, Mr. Should affirmed: “We have relatively high requirements, objectives and tasks, along with activating people to make efforts to fulfill their thirst. hope. During the war, we used the desire to unify the country to sacrifice, but now we use the desire to turn the country into a mighty country to strive ”.