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Wu Junjiang

in the Chinese food culture,M30052 Louis Vuitton Taiga handbag, food can be like no two fans side by side with the fins so, shaped exactly like, but essentially different. Mostly sweet potato vermicelli made from shark fin shark fins came from the sea; fans pop in the corner store, and shark fin is the first high-level ho brand food; fans represents the public life, and shark fin is the upper class status symbol.

own price level, but the fans are there and the value of shark fins, shark fin rare, delicious, in fact, food,Gucci bag Classic 169971 9761, cooking fans is good material, especially in the southern winter, beef, dog meat hot pot vermicelli, spicy and refreshing.

corresponds to the appropriate consumer groups, fans and fins perform their duties, has its own value of benchmarking. 3 per pound of vermicelli with 5 yuan jin's fans, the quality difference may be large one, 1,000 yuan and 2,000 yuan a bowl of shark fin a bowl of shark fin, for the rich, the same thing.

However, if the shark fin fans confused, will the trouble,Louis Vuitton wallet M30408, a bowl of shark fin can be sold for 2,000 yuan, 500 yuan but sold for a bowl of fans are not acceptable, because it is from the cost-benefit ,Louis Vuitton wallet N61734, 500 fans high profit margins.

the same reasoning applied to the securities industry, a normal healthy market, good companies will give a higher valuation, to the poor lower the valuation of the company. But in China's listed companies, there is difficult to distinguish the status of shark fin fans, even fans are selling shark fin expensive than strange.

as of September 3, GEM listed enterprises the market value of up to 14.5 billion yuan sunflower, while the NYSE's market capitalization Suntech 1.7 billion U.S. dollars, however, equivalent to about 11 billion yuan.

domestic number one this year, Suntech Power Co., the world's photovoltaic business into the top three. Make solar cells with a sunflower, the industry is not in a position clearly and Suntech echelon, according to the prospectus, sunflower, its production capacity in 2008 only the first 10 national ranking. However, the market value was more than Suntech billions!

Similarly, little-known video sites in the country music network on the market value as high as 41 billion, while cool in the Nasdaq-listed market value equivalent to RMB 6 net less than 700 million yuan, to know , Cool 6 network traffic or industry, whether word of mouth, far more than the former. Alexa ranking under the authority of the data, music Watch China ranked only 175. Youku, potatoes and other mainstream video sites in the country carry the same loss,Gucci Wallets 146229, even for continuous music network on profits for the industry to shouted,

the same question were subjected to the financial statements of sunflowers, the last 3 years its sales have increased year by year, but a substantial decline in inventory turnover rate, which exist behind the fictitious sales or less likely to transfer the cost of inflated profits In addition, the Government removed the tax return, corporate profits were zero.

spite of this, companies in China, the full enjoyment of GEM treatment with high valuations, value them and the industry leader,Balenciaga Wallets 09001,

GEM listed companies in China has exceeded 100,Gucci Wallets 112664 9711, the market for high GEM distribution, high valuations continued to be suspicious, but I think the real trouble after the GEM is not the price is high, but we do not know how many of these companies are listed over cosmetic packaging, and even false listing,Gucci bag New arrival 229848PVC, and listing the sole purpose of swindling money, cash.

semiannual reports show even lower than the performance of GEM small board, listing less than a year,Balenciaga handbag 084832A, more than 20 companies face changing performance, while a number of executives leaving as many as 40 wave, can not but reminiscent of their short-term behavior of trying to cash.

listed in the regulators for approval under the quota system, China's stock market will not rule out a have the resources to achieve market, then the full enjoyment of the high valuation of China's stock market profits, cash riches. The really good companies are more willing to follow the laws of the market, went overseas listing, to accept a lower valuation.

Suddenly, the high price of shark fin is inevitable, a bowl of shark's fin rose to 2,000 yuan from 1,000 yuan, so long as someone is willing to pay, is effective price, the other hand, a bowl of shark fin prices fell from 2,000 yuan to 1,000 yuan, even the so-called bubble burst, that's still a bowl of shark fin.

But if the price rose to 2,000 yuan a bowl of vermicelli, when diners try out the taste of its sweet potato, bowl of fans still worth?

broader market movements this week,Louis Vuitton handbag M92880_5000, tepid, but the GEM has Duorenyanqiu. Wednesday by the negative impact of the date of the GEM line of Pudie; Friday GEM Index, the KLCI hit the biggest weekly gain since. Currently, the GEM has become the focus of the market parties.

Shanghai Securities Peng Yunliang

two policy active GEM

disk from week five of view, the relative volatility of the situation of the market index, the Growth Enterprise Index the first to create a new intraday high, stocks up big area, large fundamental driving force.

National Development and Reform Commission said recently that plate number of companies are emerging strategic industries, to give the market some room for imagination.

the same time, the Ministry of Industry and led the development of the main direction of energy vehicle development. The policy of the lithium-related upstream and downstream industries such as the formation of positive stimulation to lithium for the new energy business unit representatives will continue to attract the market for some time to pay attention.

three We need investment attention.

first semiannual reports unsatisfactory growth. Complete semi-annual report to disclose this week, more than 1,900 listed companies 40% revenue growth, earnings growth 43%. Among them, 450 small and medium board revenue and profit growth were 36% and 46%,Louis Vuitton Monogram Denim bag M95212, nearly 100 GEM companies increase revenue and profits were 23% and 22% of all samples is only half of the company and the small plates. The slower performance is undoubtedly the largest GEM

Second, the price is too high. Compared with the GEM,Gucci Wallets 154034 9797, A GEM stock price almost with a big difference. Data show that Hong Kong GEM listed on the first year of the maximum offering price of HKD3.00 yuan (Timeless Software) and the minimum issue price of HKD0.85 yuan (HK 1999, the RMB exchange rate remained at 1.06 above); As of June 2010,Louis Vuitton handbag N95898_5432, The maximum issue price for the Beida Jade Bird Universal company (8095.HK), an issue price of HKD11.00 dollars. Retention of 172 listed companies, the average issue price of only HKD0.897 dollars. The A shares GEM

third, compared with the motherboard,Louis Vuitton handbag 95100_5224, the GEM company is not mature enough,Louis Vuitton wallet M93652, and the mechanism of A shares, compared with the NASDAQ, there are still many deficiencies. Data show that 20,032,007 years,Gucci bag Classic 211982-9674, the number of the Nasdaq delisting the company as 1284, more than the same period in the new market the number of listed companies in 1238. Therefore, the mechanism is A GEM's third-largest share,