The People’s Bank of China issued a press release on Monday stating that it has recently interviewed the Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Postal Savings Bank of China, Industrial Bank, and Alipay (China) with limited internet technology regarding banks and payment institutions providing services for virtual currency trading Companies and other banks and payment institutions. This move is aimed at combating Bitcoin and other virtual currency trading hype and maintaining financial security and stability.

According to people familiar with the matter, Ya’an City in Sichuan Province has assured relevant provincial departments that all Bitcoin and Ether mining companies will be cleaned up within one year.

After the Fed’s policy stance turned to hawks last week, the market’s interest in risky assets has diminished. “If, as I expected, the global trend of buying everything this week cools down further, then Bitcoin will feel the cold wind,” Oanda Asia Pacific Pte. Said Jeffrey Halley, senior market analyst at.

Some commentators said that with increasingly strict regulations, China’s computing power-the computing power used for mining and processing blockchain transactions-is waning

The People’s Bank of China issued a press release on Monday stating that it has recently interviewed the Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Postal Savings Bank of China, Industrial Bank, and Alipay (China) with limited internet technology regarding banks and payment institutions providing services for virtual currency trading Companies and other banks and payment institutions. This move is aimed at combating Bitcoin and other virtual currency trading hype and maintaining financial security and stability.

According to people familiar with the matter, Ya’an City in Sichuan Province has assured relevant provincial departments that all Bitcoin and Ether mining companies will be cleaned up within one year.

After the Fed’s policy stance turned to hawks last week, the market’s interest in risky assets has diminished. “If, as I expected, the global trend of buying everything this week cools down further, then Bitcoin will feel the cold wind,” Oanda Asia Pacific Pte. Said Jeffrey Halley, senior market analyst at.

Some commentators said that with increasingly strict regulations, China’s computing power-the computing power used for mining and processing blockchain transactions-is waning

Colonial Pipeline Company’s fuel tanks in Baltimore, Maryland, USA. (Photo: AFP/VNA) US Department of Homeland Security (DHS) on May 27 issued new security guidance for owners and operators of fuel pipelines. This move follows a cyber attack on the company’s fuel pipeline system Colonial Pipeline , leading to gas supply disruptions on the US East Coast this month. Homeland Security Secretary Alejandro Mayorkas said: “The recent malware attack on a major fuel pipeline shows that the cybersecurity of pipeline systems is a critical factor. pivotal to the homeland security of the United States.” Under DHS, owners and operators of fuel pipeline Key players will be required to immediately report confirmed and probable cyber-attacks to the Department of Cybersecurity and Infrastructure Security under their respective jurisdictions. DHS (CISA), and appoint a cybersecurity coordinator available 24 hours a day and 7 days a week. The issuance of the new guidance also requires fuel pipeline owners and operators to review current cybersecurity measures to detect any vulnerabilities, as well as remedial actions if necessary. there is a risk of a cyber attack. They must notify this result to the Transportation Security Administration (TSA), a unit of DHA, and CISA within 30 days. The DHS statement said TSA is considering additional mandatory measures to enhance cybersecurity to protect the US fuel system. Previously, on May 7, Colonial Pipeline announced that it was attacked by ransomware and forced to close some systems. This incident caused a large-scale supply disruption, causing thousands of gas stations on the US East Coast to fall into shortages and gasoline prices to the highest level since 2017. The US government has issued an order. state of emergency in 17 states and Washington, D.C. After more than 1 week of being affected, the Colonial Pipeline oil pipeline has returned to normal operation. Colonial Pipeline has publicly confirmed paying a ransom to restore computer networks. Meanwhile, the US Federal Bureau of Investigation (FBI) identified DarkSide as the hacker group behind the attack.

Celebrity endorsements of financial products must be careful, and financial consumers must treat celebrity endorsements rationally, and effectively guard against financial traps.

On April 22, the Consumer Rights Protection Bureau of the China Banking and Insurance Regulatory Commission issued the second issue of 2021 risk warning, reminding financial consumers to treat celebrity endorsements rationally, to “three look and one prevention”, and to effectively prevent financial traps.

The China Banking and Insurance Regulatory Commission stated that when consumers choose financial products or services, they should not blindly believe in celebrity endorsements, and should treat the products or services of “star endorsements” rationally. We must insist on rational investment and value investment. It is not advisable to pursue “quick money” blindly, and we must abandon the concept of getting rich overnight. Be cautious about financial products that promise higher-than-average returns, and don’t believe in false propaganda such as high returns and risk-free.

In recent years, with frequent P2P thunderstorms, many celebrities who have endorsed P2P products have also become the focus of public opinion. There are also endless debates about whether celebrities should be responsible for the endorsed P2P products and whether they should participate in compensation. The China Banking and Insurance Regulatory Commission emphasized this time that celebrities and other public figures should abide by the “PRC Advertising Law” and other laws and regulations, and must not recommend or certify unused products or unreceived services, and must not know or know that advertising is false Still make recommendations and proofs. Before accepting endorsements, it is necessary to check whether the endorsement agency has legal qualifications, and whether the endorsed products and services are true in content and meet regulatory requirements.

Supervisory breakdown of the five common models of celebrity endorsement financial products

In recent years, with the rapid development of network technology, various Internet platforms and wealth management investment products have emerged one after another. Some institutions have invited celebrities to endorse promotion or platforms. Problems such as excessive publicity, promised high returns, and misleading publicity have seriously damaged financial consumption. The legitimate rights and interests of the person.

The China Banking and Insurance Regulatory Commission stated that currently, celebrities endorse a wide variety of Internet platforms or financial products, and there are roughly five common models:

One is to endorse the P2P platform. In recent years, platforms endorsed by celebrities have exploded, causing participants’ funds to be damaged.

The second is to endorse products suspected of illegal fund-raising. For example, the “Zhongjin Group” fund-raising fraud case has caused more than 10,000 investors to suffer capital losses.

The third is to speak for the Internet financial platform. The network platform is more convenient to operate, but it is also prone to problems such as risk warnings and insufficient insurance notification. Consumers should not ignore risk notifications due to celebrity endorsements.

The fourth is for financial products and platforms. For example, “Pan Asia Nonferrous” once invited a scholar to attend an event, using the aura of celebrities to mislead the public in consumption.

The fifth is to endorse certain types of products or the overall brand of bancassurance institutions. For example, celebrities act as bank credit card promotion ambassadors or publicity ambassadors.

In addition, the China Banking and Insurance Regulatory Commission proposed that some fans have no bottom line to chase stars, and irrational star-chasing behaviors such as raising funds for celebrities have also been used by criminals, causing some fund-raising chaos. Others use the celebrity effect to over-market and induce over-consumption and over-consumption, which may lead to problems such as excessive debt and violent collection.

The China Banking and Insurance Regulatory Commission emphasized that spokespersons and financial product suppliers should perform their responsibilities in compliance with laws and regulations. On the one hand, financial product suppliers should effectively regulate the financial marketing and publicity activities of their institutions and partners. Market operating entities that have not obtained the corresponding financial business qualifications must not carry out marketing and publicity activities related to the financial business; they must not use fraud or attract others. Marketing and promotion of financial products or financial services in a misunderstood manner; no guarantee promises regarding the future effects, returns or related conditions of the asset management products shall be made, and no explicit or implied guaranteed principal, no risk or guaranteed return shall be made.

On the other hand, celebrities and other public figures should abide by the “Advertising Law of the People’s Republic of China” and other laws and regulations, and must not recommend or certify unused products or unreceived services. Make recommendations and proofs. Before accepting endorsements, it is necessary to check whether the endorsement agency has legal qualifications, and whether the endorsed products and services are true in content and meet regulatory requirements.

Don’t blindly believe in celebrity endorsements, and be careful when you “call” young people

In response to the above-mentioned chaos, the China Banking and Insurance Regulatory Commission reminds financial consumers that financial product information is highly asymmetry and professional. If the spokesperson himself does not distinguish the endorsement product qualifications and does not understand the product risks, it may cause misleading publicity risks. Financial consumers should treat celebrity endorsements rationally, not blindly believe in celebrity endorsements, and should rationally treat the products or services of celebrity endorsements, so as to achieve “three look and one prevention” to effectively guard against financial traps.

The so-called “three look and one prevention” mainly include the following four aspects:

The first is to see whether the institution has obtained the corresponding qualifications. The financial industry belongs to the franchise industry, and it is not allowed to operate without a license or to operate financial business beyond the scope.

The China Banking and Insurance Regulatory Commission reminded that consumers should choose formal institutions and formal channels with corresponding financial business qualifications to obtain financial services. You can log on to the website of the financial supervision department and the website of the industry association to inquire about the relevant information of the institution, or verify the qualification of the institution with the local financial supervision unit.

The second is to see whether the product meets its own needs and risk tolerance. When consumers purchase financial products, they must understand important information such as product types, terms, risk levels, notifications and warnings, and choose appropriate financial products based on their own needs and risk tolerance.

“We must insist on rational investment and value investment. It is not advisable to pursue’quick money’ blindly, and we must abandon the concept of getting rich overnight.” The China Banking and Insurance Regulatory Commission emphasized.

The third is to see whether the income is reasonable. Investment and financial management risks and benefits coexist. Consumers should pay attention to whether they disclose risks and benefits truthfully in the face of marketing and promotion to prevent misleading or fraud. Be cautious about financial products that promise higher-than-average returns, and don’t believe in false propaganda such as high returns and risk-free.

The fourth is to prevent excessive borrowing. Look at advertising and publicity such as loan consumption and financial investment rationally, maintain a rational financial concept, and do not blindly follow the trend of consumption, lending and investment.

The China Banking and Insurance Regulatory Commission emphasized that young people, in particular, should be sensible in responding to fan support, borrowing and chasing stars, and beware of financial traps such as illegal fund-raising.

Do a good job in dealing with P2P stock risks in three aspects

In recent years, with frequent P2P thunderstorms, many celebrities who used to endorse P2P products have also become the focus of public opinion. Stars such as Lang Lang, Tang Yan, Wang Han, Du Haitao have “stepped on thunder” as P2P endorsements. There are also endless debates about whether celebrities should be responsible for the P2P products they endorse and whether they should participate in compensation.

According to previous reports from many media, attorney Song Yixin, a partner of Shanghai Hanlian Law Firm, stated on “Tencent News Related Topics” that from the level of legal liability, there are two aspects.

First, if there is fraud in the products (including financial products) and services (including financial services) purchased or consumed by the victim, the victim should undoubtedly be held accountable from three aspects: criminal sanctions, administrative supervision, and civil claims. If there is no fraud in itself , According to the principle of de-rigid redemption, the company can only liquidate the company’s existing assets or even go bankrupt.

Second, if the relevant product has celebrity endorsements, according to the Advertising Law and other laws and regulations, check whether there are any false advertising and publicity, and there are endless and reasonable inspection obligations (as far as the scope of its ability is concerned, such as whether the agency product is legal Approved products, etc.), if not, the celebrity will not bear the responsibility after endorsement. If there is, it depends on the degree of infringement of the false advertisement and decides whether it should bear the responsibility for withdrawing the endorsement fee.

In January this year, the Beijing Chaoyang District Financial Dispute Mediation Center issued an announcement stating that some online lending institutions have hired well-known entertainers and public figures as advertising spokespersons for illegitimate gains, and used their influence to attract investors to buy illegal financial products. The above-mentioned advertising spokesperson failed to fulfill reasonable inspection obligations, made false propaganda, was at fault for the occurrence and expansion of the damage results, and bears inescapable responsibility.

The announcement emphasizes that from now on, please contact the natural person, legal person, or other organization (ie, advertising spokesperson) who has or is still in the P2P online loan advertisements and recommends or certifies related products and services in your own name or image. The center explained related issues and cooperated with the clearing of online loan platforms.

The relevant person in charge of the China Banking and Insurance Regulatory Commission recently stated at a press conference of the first quarter of 2021 that the P2P institutions in operation have been cleared, which means that P2P institutions have stopped developing new online lending businesses, and the existing risks have been reduced in an orderly manner. The follow-up is mainly to do a good job in the disposal of existing risks. The next step will be to work hard in several aspects:

The first is to increase the efforts to resolve the risks of normal exits from institutions. First, strengthen monitoring to prevent existing institutions from violating regulations. Secondly, innovate working methods, increase the intensity of asset disposal, comprehensively use a variety of methods to increase the repayment rate of lenders, and in particular, consolidate the main responsibilities of major online lending platforms. At the same time, we are accelerating the promotion of more online lending institutions to access the credit investigation system, intensifying punishment for dishonesty, and severely cracking down on malicious evasion of debt.

The second is to speed up the asset disposal of criminal case filing agencies in accordance with the law, coordinate the public security, judicial and other departments to increase the overall planning for the recovery and disposal of the assets involved in the case, improve the efficiency of case investigation and trial, achieve smooth case handling, and actively respond to the concerns of lenders.

The third is to focus on improving the long-term mechanism of online loan risk supervision. On the one hand, we will strengthen the monitoring of exiting institutions in stock, and at the same time prevent the emergence of P2P-like institutions. On the other hand, at the legislative level, relevant departments are promoting relevant legislation, such as the “Regulations on the Supervision and Management of Non-deposit Lending Organizations” as soon as possible. , Regulations will be promulgated as soon as possible, and continue to improve the long-term supervision mechanism in terms of system construction.

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“Little” health status recently In fact, women can completely check the health of the “little girl” by observing the outside or feeling the abnormal change. In the case of “little girl” itchy, swollen, bad gas and bad smell are silently “denouncing” you “neglect” already. How do you clean the “girl”? Besides the periodic gynecological examination, to take care of the “little girl” healthy, hygiene and daily cleaning are also extremely important. There are many ways that women choose to clean the “little girl”: cleaning with plain water, saline or choosing the right cleaning solution to help remove harmful bacteria on sensitive skin. However, do not overdo it with mixtures containing strong detergents, it has the ability to change the vaginal environment, making bacteria easy to multiply and grow. Do you often use cleaning solutions for “little girl”? The use of feminine hygiene solution not only helps to clean, cool, but also balance the pH of sensitive areas.With cleaning solutions, you should prioritize the selection of cleaning solutions with the appropriate pH. (pH 5 – 6) and natural ingredients to make “little girl” feel gently cared for. Frequency of wearing tight pants, skinny pants You cannot be sure that “she” is healthy until the pain, infection, and mold visit. One of the reasons comes from wearing skinny pants, tight pants. The tightness and lack of air in this “secret triangle” will allow bacteria to grow, making the vaginal area not open and secret. This is also the environment that creates opportunities for mold to form and grow quickly, filling all around the genitals, making them uncomfortable and lack of confidence. However, this does not mean that you cannot wear tight-fitting pants, skinny pants, instead choose the right size for the body and do not overdo them too many times! F5 frequency underwear cabinet Body-hugging underwear helps to prevent dirt, bacteria from the outside, and protect the body and sensitive areas of the girl. But if they are not washed properly or renewed regularly, we will also make us more susceptible to gynecological diseases. Therefore, do not leave or soak your underwear for too long before washing it. Because the fluid left over on the underwear will become an ideal shelter for the bacteria. In addition, you also need F5 lingerie from 3 to 6 months / time to make her healthier. That is to say, never risk your eyes when your “little girl” has many lamenting things! They themselves also have things “difficult to say”, secretly but do not know who to confide in. In particular, to take care of the gentle, safe “little girl” and have the opportunity to receive thousands of attractive gifts, feel free to reveal all difficult issues about your “little girl” by participating in the minigame YOU ARE YOU CARING THE “GIRL” properly? by Da Huong! The way to participate is extremely simple, you can access HERE and take a quick test on your “little girl” status, increasing your knowledge of the most accurate reproductive health care.

To be sure, the two leaders will also discuss how to deal with a rising China, North Korea’s nuclear weapons programs, climate change and the Covid-19 pandemic.

Narrow a large cognitive gap

For now, the Biden administration will put an emphasis on promoting cooperation with allies, including Japan, and this is warmly welcomed by America’s allies. .

However, as China continues to rise and the US is urging its allies to assume greater responsibility in international affairs, there is a danger of a large gap between the US and Japan. awareness.

Although Japan is very concerned about China’s behavior, in recent years Tokyo has maintained a cooperative rather than an adversarial approach.

Japanese Prime Minister Suga Yoshihide (left) and US President Joe Biden (right) will discuss many ‘hot’ issues. (Source: AP)

In October 2018, former Japanese Prime Minister Abe Shinzo visited Beijing, and Japan signed memoranda of understanding with China on more than 50 joint projects related to infrastructure construction in third countries. .

Chinese President Xi Jinping was scheduled to make a state visit to Japan in April 2020, but the tour was subsequently postponed due to the Covid-19 pandemic.

Under Prime Minister Suga, figures of “doves” and “hawks” toward China in Japan’s ruling Liberal Democratic Party (LDP) often fought for influence.

The hawks have sought ways to postpone Xi Jinping’s state visit when it comes to Xinjiang and Hong Kong issues. LDP Secretary-General Toshihiro Nikai, a supporter of Prime Minister Suga, opposed the delay, but the visit is not expected to take place in 2021.

Although Japanese Foreign Minister Toshimitsu Motegi urged China to resolve the Xinjiang issue, Tokyo still shied away from imposing economic sanctions on its neighbor because of its lack of legal frameworks. like that.

Therefore, the US should prepare mentally that Japan will adopt a more moderate approach towards China. Japan will certainly continue to strengthen the role and mission of the Japan Self-Defense Forces (SDF) within the framework of the Peace Constitution and the US-Japan alliance.

At the same time, Japan will also seek a clear commitment from the United States to avert Chinese military provocations, especially around the Senkaku Islands (which China also claims and calls for). Diaoyu) after China passed a new Customs Law last month, granting China’s coast guard the right to use weapons.

Analysts say the US will certainly be disappointed if it wants Japan to take significantly more aggressive military action against China. Although Japan passed a security law in 2015 that allowed the SDF to engage in limited collective defense activities, constitutional restrictions essentially forbid Japan from using force for purposes of does not involve defense.

Furthermore, the Japanese public still supports Article 9 – the peace clause – in the Rape and has little desire for the SDF to engage in combat missions that pose a risk of casualties.

Get cooperation back on track

About North Korea, both leaders advocated adopting a tough approach. Unlike his predecessor, Donald Trump, Mr. Biden is not too close to North Korean leader Kim Jong-un.

Mr. Suga will be anxious to express his tough stance towards North Korea in the face of domestic public opinion when asking for US assistance to repatriate Japanese citizens previously kidnapped by North Korea.

President Biden had to find a way to reassure the US-Japan-Korea trilateral partnership that Trump has ignored. The key bottleneck here, however, remains tensions between Japan and South Korea over forced labor – issues that have engulfed the enthusiasm of cooperation between the two countries even though they share a common desire to curb the chapter. North Korea’s nuclear weapons program.

Addressing climate change and fighting against the Covid-19 pandemic will be a “fertile ground” for the US-Japan to promote cooperation.

Regarding climate change, President Biden quickly brought the US back to the Paris Agreement and is scheduled to hold a climate summit with 40 world leaders from April 22-23.

Prime Minister Suga pledged that Japan will reduce carbon emissions to zero by 2050.

Since the financial institutions of the US and Japan lead the world in supporting the use of coal, under the leadership of these two countries, it is likely that the world will be promoted to transform energy, without using fuel. fossils that turn to renewable energy could eventually forge clean energy partnerships.

With regard to Covid-19, Since Japan and the US have a long history of cooperation in international health, the lack of cooperation between the two countries in the fight against the Covid-19 pandemic is surprising. A lot of people fear that the Tokyo Olympics will turn into a super infectious event this pandemic.

More communication against Covid-19 did not yield much results. This includes Japan’s use of a supercomputer in an AI-based Covid-19 study, American doctors’ experience in treating Covid-19 patients, and the logistics of government vaccination. Mr. Biden.

Japan and the US could also support more multilateral efforts, such as the World Health Organization (WHO) and the EU-operated Covid Tool Access Accelerator, to help stop the spread of spread globally and vaccinate people around the world before the emergence of resistant mutations.

The US-Japan summit provides an important opportunity to get bilateral cooperation back on track. However, to best strengthen cooperation and close the perception gap, these two allies should not shy away from discussions regarding thorny issues.

(according to EastAsia Forum)