but the launch process was accelerated. Previously forecast in the industry

Launched in batches on a trial basis, the initial total amount to 20 billion yuan, 80% investment bond market in the Mainland after the Securities and Futures Commission recently launched a package of regulatory reform measures, RQFII market looking forward to next possible launch one of the measures of the Commission. Reporters learned from the sources, the SFC, the Central Bank, the State administration of foreign exchange departments for RQFIITrial measures have basically reached consensus is advancing step by step, but the launch process was accelerated. Previously forecast in the industry, RQFII the fastest could be launched by the end of this year. 　　Main capital stocks (eleven-twenty fifths) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved! This reporter learned that swtor power leveling, RQFII will be launched in the form of pilot batches. Early pilot, the total amount to 20 billion yuan, 80% of the amount invested in bond markets in the Mainland, from domestic markets have become more familiar with the territory of Hong Kong subsidiary of the Fund management company, securities company. First qualification denominated mutual funds ' shares in financial institutions in Hong Kong is likely to have five or six. And the first batchOf the qualifications of domestic brokerages and fund company in the RQFII is likely to choose 2 to 3.　　After the smooth starting and carrying out the pilot project, the relevant departments and agencies to study the feasibility of demonstration as experimental unit of. In May this year, heads of relevant departments of the China Securities Regulatory Commission, has said publicly, RQFII related work has been basically completed, the Commission will contribute to push it as soon as possibleOut. This is the first time the China Securities Regulatory Commission on RQFII launch "as soon as possible" words to describe. In August, Vice Premier Li keqiang said in Hong Kong, "will allow the Renminbi overseas qualified institutional investors invest domestic securities markets". This statement was interpreted as a small introduction of QFII in the industry is accelerating. Since then, the Central Bank also said, the current RQFII experimental work of the technical preparations completed and is expected to launch in the near future. "RQFII has launched the biggest significance is open ', a door '. "A senior industry experts accept the securities Journal said in an interview, currently shares slump, under the environment of renminbi continued to appreciate, while just 20 billion yuan of funds cannot beThe a-share market set off waves, and even can be said to be utterly inadequate, but 20 billion RQFII explore the a-share market, "Vanguard" and let the market vision is 20 billion behind large "main force". According to statistics of the Hong Kong Monetary Authority, as at the end of September this year, Renminbi deposits in Hong Kong reached 622.2 billion yuan, monthly growth of 2.2%. At the beginning of, This figure is only 315 billion yuan. Sitting on large amounts of renminbi deposits in Hong Kong, but the way out but not too, Yuan funds coming out at a time, although the returns were not substantial, but retail investors are enthusiastic response, as can be seen on renminbi products have more desire. RQFII launch, not only to widen the investment channels remain in the Hong Kong currency, but also help to strengthen capitalMarket liquidity. "From a regulatory perspective, possibility of RQFII was launched in the year are very large, and currently also needed liquidity in the domestic market and overseas investors to invest in a-shares of investment demand is also strong, so the timing of launch RQFII very well. "A Chinese brokerage executives to the securities Journal reporter said that afterA year of preparation, RQFII launch time has become more and more mature. At the same time the old republic power leveling, reporters learned that several Chinese financial institutions in Hong Kong a high degree of enthusiasm for this, many before submission to the China Securities Regulatory Commission in their respective currency QFII scheme. Boshi Fund said Zhao Xiaobao access, Managing Director, RQFII products have a framework for companies,Regulators announced once the policy rules, as well as those granted to RQFII qualification and line, material products can be published very soon. Some brokerages began very early to prepare for RQFII. In August last year, haitong launching overseas first renminbi in Hong Kong public fund "of sea-going global currency income funds" set aside RQFII investment channels. Guotai Junan securities in Hong KongCompany also said that the preparations RQFII as early as two years ago, early preparations have been completed, as long as the policy details introduced, offering related products at any time, raise renminbi investment shares.

from that standpoint

Beijing property market has been a long time not so busy. 13,000 yuan/square meter, 11,800 Yuan/square meter, 9,980 Yuan/square meter sth　　Beijing regional house prices lowest in constantly refreshed, "CD" and "million" also reproduced the rivers and lakes.　　So, bottom-feeding of buying a House boat people. Lower prices spread recently, check and herBoyfriend had been East third ring road in Beijing World Trade Center, radiation in the region of jinsong East kept watch House. "We intend to get married next year star wars the old republic power leveling, before had always felt that housing prices are too high, did not want to buy a House, but the property market this year seen the situation, I also fixed bottom to buy a House, ' the evil impulse '.　　"The search, said Ms. Indeed, according to data from real estate transactions and management network in Beijing, as ofOn November 24, the Beijing Tongzhou, Daxing suburbs such as average transaction value of the property market has continued to decline for 4 consecutive months, and decreased gradually deepened, the current contract price compared to the highest point lower than 15%.　　Average overall downward adjustment of regional transactions at the same time, there are more buildings surrounding price near 30% project. On November 19, six ring is situated in the South of Lake eraCelestial Street officially opened foreign sales, its starting price of $ 11,800/square metres has been near or even below include land prices, costs, installation cost, tax and marketing price.　　This price makes 216 houses opening day of its launch was to subscribe to a blank. Longhu era Celestial Street opened in almost the same time, located near the Tongzhou Majuqiao Hopson world gardenAnnounced its 9,980 Yuan/sq m opened outside starting price.　　The price compared with 16,000 RMB/sqm average regional sales project, reduced near 40%, close to the current level of prices in yanqing, exurb in mentougou district. "At present the city's housing market the price of goods is expected to gradually clear, the project continued to grow, intensified, effects of further consolidation。　　"Beijing Zhongyuan Dawei Zhang, analyst at market research department believes that the current real estate market" price-for "integrated situation that has been formed, project price reduction by the" dark drop "then" Ming Jiang ". According to the chain of real estate market research Department of statistics, in a recent Beijing property market a series of lower-priced into the stock market project. Celestial Street including longhu times and Hopson, gardens of the world, has more than 10 multiple suburbsProject sales of commercial housing price is close to or drop $ mark, this part of the project are mainly concentrated in yizhuang, Daxing, shunyi district, project developers have their financial Street, Fuli, low price Hopson and other famous enterprises. Not only in Beijing, according to the NBS, October first tier price link index number of 99.83, rendering a continuous decline of the situation.Price effect of first-tier cities also conduction to the surrounding city. Chain of real estate market statistics first-tier cities, research in 10 major cities around October commercial residence sold for price changes over time, the results show, in addition to micro-xianghe and Tianjin rises, remaining in Langfang, Wuxi, Suzhou, Foshan, Dongguan in 8 cities with varying degrees of decline. In September, the 10 citiesHousing prices have only 6 down and price levels are not very clear.　　When is the end?　　However, the fall in housing prices are still feeling a bit ineffective. Taking Beijing as an example, chain home property market research Department of statistics showed that while Beijing commercial housing contract price decline of 5 per cent from the month in a row, since November average price is $ 21,061/sq m, adjustableControlled falling about at the beginning of 11%, and the beginning of last year compared to rose 12%, Tai Hing, shunyi, Tongzhou, and suburbs such as the monthly contract price remains at more than 14,000 yuan/square meter, Chief Analyst of the chain home real estate type builded judgment: "Tongzhou and Fangshan swtor power leveling, prices are far from bottoming. "As just one of the hand family, Miss check in the selected room in respectExceptions and tangled with caution. "Fear of decline in house prices ' village that was not the shop ', but are afraid to buy a House after house prices will continue to fall, I really don't know what is the price at the bottom. "" Now is certainly not the bottom of the market. "Zhang Dawei, said currently has returned to the market area for the King, for the city, especially within five rings project, due to lots of scarcity, So adjustment will not be too large; suburb of supply, prices will drop faster. The "but judging from the present situation, at least to the policy will not be relaxed in the first half of next year, would be unable to exclude subsequent developers also appears throwing products in, therefore bottom-still need to be cautious. "All the signs indicate that, in order to discourage such as on search of Miss such concerns, seek volumeRose, many developers willing to give a commitment of the post returned. On November 2, the Metro real estate is located in Shanghai nanxiang, Jiading new city residence launched 100 sets of special decoration of houses, the average price of 20,000 yuan/sq m, representing an early fall of more than 20%, and ingenuity to launch "insured programmes": for early owners of the original purchase, and sales offices to supplement the difference, and every purchaseCustomers to buy a special room, will sign a hedge Agreement guaranteed 3 months before the House, if there are any houses sold below of this special offer, will be at the minimum price of compensation for the difference. Coincidentally, on November 17, the Ordos Tian Yu issued a circular on national treasure items in the local media not only now, new owners of buying a House can be a minimum of 66 percent discount,In the past bought the old owners of the House, after the favourable difference in full compensation. Moreover, the home protection scheme will continue to be issued until May 1, 2012. That is, if the next year, "labor day" front, Tian Yu treasures price again, developers will also once again to the landlord the difference between the compensation. The project-related, that the company has prepared 30 million yuan in the near futureCash by stages and in groups to draw the attention of owners to sales offices to apply for.　　According to the chain of real estate market research Department of statistics, in addition to Shanghai and Ordos, Nanjing, Suzhou, Hangzhou, Changsha, weinan, over more than 10 cities such as Changchun, Yangzhou over more than 20 flats has been-"post", "no price" promises of sale binding with the low prices. "Just cut even closer to the cost priceMay not bring bottom point down signal to buyers, but also more than a paper promise book prices hit bottom, and also ended the project future devaluation expectations. "Type builded analysis, reflecting the developer end of urgency of the sale, low prices and compensation pledge-bound promotions, sacrifice current sales profits, but also for next year's prices continued to dropRisk costs paid in advance. House letter? g vibes Hu Swiss commentators were of the view that this is more of a real estate enterprise's short-term rapid withdrawal of funds for the winter at the end. His judgment, along with monetary policy bottomed, enterprise's cash flow situation next year are also expected to be significantly changed. "Anticipated future, sustainable housing and enterprise-scale price cuts less likely, from that standpoint,Now on the property market ' turning point ', bottom-still too early to buy a House. ”

is greatness

Recently, on the International Board's official remarks once again fengshengshuiqi. One of the most typical, flags most distinctive is the Shanghai Stock Exchange General Manager Zhang Yujun, held in Shanghai in "creating financial market with global resource allocation capability" Forum on the "three favorable" speech, that "International Board have a favourable impact on a shares only, will only have a favourable impact on Chinese economy, More effects are beneficial to the investor. "In view of Zhang 's" three favorable "theory is too concise and, after listening to really do not know where the benefit, I can only make wild guesses," three favorable "one by one to roll out, a little analysis. Recommended reading hexun about City Hall: next week's a-shares or to five major gold stocks are now buying opportunity in consumption will burn at the passion 8 wingsWishes to fly muddy water and min all: who black has who sets are can't wait large shareholders discovered food Lee 8 family a 12 years fuck disc hand of 8 section to deep investment feeling IPO Meng Yu Tiger 29 months "ring" go near trillion [micro-Bo] Li Daxiao: for SFC initiatives applauded [Unit 's] shaking good will let short died of is miserable Lee a: "international plate on shares only will has favourable effect���� Favourable impact on the shares for which is the disease. A long time swtor power leveling, the a-shares has three main disease: one said speculation speculation, said the second high price issue, said Don ' t expect the third return. International listings are outstanding performance, rewarding, reasonable valuations and corporate governance are also pretty good benchmarking enterprise. Such an enterprise to a stock market listing, can be the natural vanguardTo become good examples, through osmosis, gradually weakening and address a shares three stubborn problems. It's idealized International Board. And not listing on the international market are not necessarily all outstanding enterprises, even if it is, may not be able to solve three stubborn problems. Say the least, China's large blue chip listing on the a and h share market at the same time, especially Bank shares, there are more than half belong to a h,They are acting in accordance with international standards in all aspects, in full compliance with the "outstanding performance, rewarding, reasonable valuations" indicators, with these standard enterprise, the a-share markets have become more healthy and more? There is no. The contrary, in addition to the funds must be "standard", the majority of investors are not buying blue-chip benchmark, because no one who buy loss. Take affected Friday by the International Board,"Foreign-backed concept" to 0.89% gain column plates first, rose or those who have a good small stocks, China Construction Bank, peace, and so fall instead of rose.����The a-share disease is ultimately caused by system. Lee second: "will only have a favourable impact on China economy". Positive impact on China's economy, would like to stress is as Mr TU guangshao, Vice Mayor of the "configure international financial resources". In the USPeople have a characteristic, like global, politics economics history, we are financing the weak (Xia Bin the Central Bank's monetary policy Committee) star wars the old republic power leveling, came as an ambitious expectations "configure international financial resources", so what is this naive, is greatness, or "vast country not wanbang laichao" pirate it? Or Andy Xie, said Frank said: "China to do your job well, you canHelping the world and Europe. First of all, China should start as soon as possible the International Board. This creates a new financing channel for global companies, promoting their increasing investment and job creation. This is a relatively safe way to export capital of China, because close monitoring at home, and global companies with good balance. "It turns out that available on the International Board is to get our Chinese peopleSweat, establish a financing channel for global companies to help weather the financial crisis in Europe and America. Lee III: "good for the investor is". Shareholders ' cry, the International Board is not money, is, can we exchange is said to be good for investors, but also added a "more". Why say it? International launch, small investors do notDoors can be purchased for large international companies, enjoy the dividends of growth of these enterprises. Not to mention that in the present technical conditions, wants to buy international stocks is not difficult, at least, the investor can buy QDII or direct purchase of h-share access to international markets. The so-called "more favorable" and so on, apart from General Manager, probably no single investor will agree that is so, but becauseFormer principal contradiction in Chinese stock market, chip supply far more than money supply. China capital markets need most now is not the creation of the International Board, third Board, but the over-the-counter Exchange of rectifying the mess, the venue as soon as possible delisting system was introduced.����China's capital market has expanded too fast, is the stop and rectify. Zhang Yujun, "says Chinese economy development, Conducive to development, China's financial industry to investors "the most basic premise is the study of the International Board, related to the concerns, problems, in the design of institutional arrangements with earnest, strict and rigorous thinking on. Capital market is a market with the highest degree of public concern, in that case, just put those "earnest, strict and rigorous thinking", and design-related institutional arrangements, out of millionsShareholders ' participatory arguments; if considered that those "earnest, strict and rigorous thinking" are internal discussion stage, it is not open, not in public remarks made by the International Board issues. Financial analyst-celebrating the winding man

although increased advisory capacity but not traded "blowout" day before yesterday evening

Secondary housing market greeted, although increased advisory capacity but not traded "blowout" day before yesterday evening swtor power leveling, Beijing was released at the same time relax the general housing standard and to improve existing homes pricing the calculation of minimum two new policies. Second-hand lowest tax price the old republic power leveling, starting from the 10th execution. But yesterday's situation, greeted the second-hand market, althoughAdvisory capacity increased, but there is no deal well blowout. Agency phone is "blow" Beijing present minimum tax valuation of second-hand House transaction, use version was published in 2006, and experienced a rise in house prices in recent two years, the minimum tax valuation and actual prices vary widely. This new policy was introduced and has not announced new tax price, butBecause it is determined according to the latest market transaction data evaluation, so inevitably there will be much higher. 　　The second-hand House transaction, after the implementation of the new deal will certainly increase the cost of tax. Second-hand house buyers and sellers will catch the 10th next month a new deal before the implementation, lose no time in net check ownership? Reporters learned from the many housing agency yesterday, announced the first day of the new deal market reactionLight. Beijing Zhongyuan real estate survey found that most stores have got a customer for policy consultation, Advisory compared to the amount of increase before the 50%. 　　I love my family more than signing Center and stores also reflect yesterday buyer Tel increased sharply on the new deal, the telephone was almost "blow". Capturing buyers took a wait-and-see attitude but the first day of the new deal,And there were no buyers to focus "network check" phenomenon. Beijing centaline property, said in all advisory clients, clearly indicated that they will seize the time ownership of less than 10%. 　　80% customers still expect House prices continue to fall. Beijing real estate industry association President Li Wenjie said, there will be some rider effects during the transition period. That had been reached on the saleSecond-hand housing fair catch a good grasp of network checks, taxes, transfer, but the secondary housing market will not be traded blowout occurs. Because current prices has been a significant downward trend, buyers ' expectations are very clear, so not only because the tax price adjustments and immediate start with buying a House. "A simple example, if I think prices will drop hundreds of dollars or even thousands of dollars, the housingPrices dropped to save money, than to tax increases to a lot of money. ”

cautioned that current major risks in the banking sector

Chairman Shang Fulin, China Banking Regulatory Commission, recently attended the China Banking Regulatory Commission at the opening ceremony of the outstanding middle-aged and young leading cadres training class for 2011 period stressed that the present the old republic power leveling, it is particularly necessary to do local government financing loans, real estate loans, financial services, shadow banks, and other major risk prevention and control. Recommended reading Bank channel count of the day:The strange coin in the world (photo) inventory: world's weirdest coins (Group) 14 credit card security: deep bottom part of development banks first mortgage rates rose 10% custodial mothers deposit not be liable to pay interest in black men equal principal repayment was blatantly stealing money in the Bank passed one-third prepayment? Referring to largeWhen efforts to enhance the system of cadres of the CBRC judgment, Shang Fulin, pointed out that to develop ability to determine accurately the ability and disposition to risk, overall business situation and the major risks in banking, operating conditions and risk aspects of individual banks to make proper judgments, it is necessary to distinguish between Bank risk is liquidity risk is the risk of settlement risks, is the single body or regional risk and systemic riskAnd make recommendations for disposal and take the appropriate measures in time. ����Shang Fulin, cautioned that current major risks in the banking sector, including local government financing loans, real estate loans, financial services, shadow banks and other aspects of risk, for this special to do with this kind of risk prevention and control. The Bank of China Banking Regulatory Commission, recently released by (601,988) to run the report(The third quarter of 2011) showed that local government financing and straighten the CBRC has achieved remarkable progress in its work. The third quarter, the CBRC continued to take measures to promote further resolve loans risk of banking institutions. On one hand, continue to strictly access controlled loans in a prudent; on the other hand, regulating stock of rectification and reform, continue to implement dynamic account management, Complement arriving correction pledge guarantee, contract, strict classification process, risk capital, and set aside provision for risk management and offset measures. In addition, the China Banking Regulatory Commission will also continue to strengthen prevention and control of risks of real estate loans. For the current situation in the housing market, the CBRC has asked banks to pay close attention to real estate loan risk of change, increase risk to troubleshoot and frequency of site visits, a full pictureThrough various channels of credit enterprises financing situation, strengthening of land star wars the old republic power leveling, real estate and other timely valuations and ongoing management of the goods pawned; requirements on the premise of strictly differentiated mortgage policy, first met first, small apartment, home purchase loan demand. For finance and shadow banks, the CBRC has also given notice, require banking institutions to improve the scientific mobilityCheck system, strict implementation of the deposit and lending indicators daily examination requirements, no high interest rates put storage in disguise through the issuance of short-term financial products, avoiding regulatory requirements, for regulatory arbitrage. But for how shadow banking supervision, there is no a clear regulatory thinking.

and the InvIsible Wings 4 songs

The night of November 25, Olivia and yoga Lin came to the campus of Nanjing University of technology participate in MTV global music journey Shin hyesung, despite cold weather that night, but the second one with the most enthusiastic songs give atmosphere to the status of the most popular of the room. Yoga Lin of fun interacting with fans singing popular atmosphere on Saturday, the just-concluded "journey" world tour performing in Beijing railway stationYoga Lin, finished recording the new issue of CCTV after large public welfare programs of the dream choir, went to Nanjing and Olivia joined Shin hyesung hosted by MTV global music tours campus. Yoga Lin sang of the beauty of the night life of the lie of the cruel Moonlight and the natural wake up 4 songs, the stadium had a small "journey" tableHis speech, many making use of familiar songs caused the whole chorus. When Yoga Lin on stage performances, good mood swtor power leveling, many fans and playful interaction, see when fans holding their own posters, says with a laugh that image was Wu JI Zun, puts performances atmosphere hot. Olivia says Nanjing full of memories again and xiaoyelisha of their own hit show recently around newPublicity of the album Romance Olivia also came to Nanjing again, along with brother Yoga Lin of Nanjing's fans and friends created a wonderful music feast. Olivia debut that evening to a simple but elegant even in length skirt dress up the attack, fans singing as the scene of the ocean doesn't touch the you tube a Love Theme, and the InvIsible Wings 4 songs, and especially for the fans of Nanjing Cantata for some of the Over The Rainbow, Olivia think Nanjing environment is comfortable, standing on the stage to sing the song would have thought that the elementary school perform onstage for the first time star wars the old republic power leveling, giving themselves full of memories. It is learnt that the night Japan "BasanovaSinging girl "xiaoyelisha concert held in Nanjing, coincidentally this is xiaoyelisha's second and Olivia in the same city and have performed for media often comparing the two, Olivia said he was fortunate to keep such a good singer comparing the older generation, will also take her as a role model to learn. Next, Yoga Lin on the evening of December 24Held in Chengdu Stadium "journey" world tour, and Olivia will also bring new album went to Kunming and Xian, the local fans meet friends, and will be held on November 27 in Kunming new album sign sale.

today has been growing

The European Commission announced on 23rd issue common eurozone bonds "stable bonds" of the three options, hit by another heated debate. This year, from the US debt ceiling to European debt crisis, Government credit problems spread across the world, stood a severe test. Industry experts believe that, you might want to first quarter of next year, or even years, European debt crisis will be resolved. At that time, both the EuropeanInternally, or global economic landscape, will enter a post-crisis era. The credit crisis "in-line" world in 2011, the "credit crisis" seems to be "in-line" a keyword in the global economy. Credit crisis took the arrows bow, arrow is not out of the scabbard that lead to a panic. On August 5, the poor's announced the United States level AAA sovereign credit ratingLower level to AA+, and maintain rating Outlook to "negative". As a superpower, its sovereign credit rating downgrade, undoubtedly means many economies and the revaluation of credit rating market players are likely to face risks, which in turn triggered a global financial market turbulence. From the 2008 financial crisis, United States including the Government's credit, the Bank of credit and monetary credit, And the subject credit markets are generally shake. As for the credit rating downgrade, former Federal Reserve Chairman Alan Greenspan said: "this is not a credit rating issues. United States to pay all debts because it can always be printed banknotes, the chance of a default of zero. "The US credit crisis debt hardly have one wave subsided when another rise, another Europe's debt crisis. Beginning at the end of 2009, GreeceThe debt crisis, today has been growing, and gradually from Greece, and Ireland and other small countries to Spain, and Italy in the large countries, such as the spread, chain reaction of bank financial situation deteriorated, and the balance sheet will be France, and Germany and the United Kingdom and other developed economies pushed to the forefront of the European debt crisis. "Massive public debt may still bring a range of issues. "Social science in ChinaAn Guojun pointed out that financial researcher, including huge debt servicing cost, lack of market confidence and negative impact on the currency, and so on. At the same time, large fiscal deficits will lead to currency devaluation and inflation expansion, which in the pound sterling, the currency has been fully verified. Year, although the debt problems of local governments in China have also begun to attract attention, but the debt with the United States, European credit ratingCrisis is down the tubes. Published by the Audit Commission $ 10.7 trillion debt scale of local government, let has been blurred by the local government debt have a clearer profile. However, for representatives of local finance platforms of Yunnan highway in warning local government debt risk debt solvency worries. Countermeasures to be taken: "eat the food stored up for the next year" effective forAs soon as possible from the "get into real trouble," out of the debt crisis, the United States, European countries have introduced a series of measures. United States as early as the beginning of August through to raise debt ceiling and the deficit reduction Act, in order to avoid breach of the Government. Bill include improving United States debt ceiling of at least $ 2.1 trillion, and cut the deficit in ten years more than $ 2.1 trillion. It is clear thatGiven the United States and the global economy is still in a difficult phase of recovery, improving United States debt ceiling is a less damaging, and relatively effective measures. However, this "eat next year ' s food" approach star wars the old republic power leveling, will not be able to last long. Vice President of Fudan University, school of Economics, Professor of finance at Sun Lijian, said: "the key is to look at United States economy can quickly find a new growth point, byOwn world leader status and market viability to ease international financial capital to the United States Government credit shake problems. "In Europe, with the September Greece debt to usher in peak year expires, the European Union, the European Central Bank, as well as Germany and France began arguing what relief. In two months ' time, investor concerns increasing, growing suspicion of the euro,At the same time because of the large area affected European banks in crisis, "second crisis" expected became popular. Indeed swtor power leveling, euro-zone countries to address the European debt crisis, has indeed been bargaining and even pull on the outside of the International Monetary Fund (IMF) and the BRIC countries, China. However, the lack of "holding warmth" the spirit of the euro-zone countries, it is difficult toForming a balance of interests of effective programmes. Even just made of euro bonds "stable bond" have immediately been Germany and Finland's opposition. Shanghai Academy of social sciences, Institute of world economics Deputy Director Xu mingqi believes that, in relation to Europe's debt crisis, as the EU's system is the most fundamental is missing, that European Central banks due to system design cannot playPlay the role of lender of last resort, which makes European governments budget deficit to be far less than as a sovereign State of the United States and Japan, but its system defects of European debt crisis could give speculators with great hype in the market space. Relative to the, "quagmire" European debt crisis, the process of China's local government debt is relatively easy. The Chinese Government is also exploring a moreFor healthy financial management. In November, Shanghai, Guangdong, Zhejiang and Shenzhen four provinces on its own bonds, opened the prelude to the Chinese local governments issue bonds on their own. This financing platform like a beam of light into the local "black box" of the Sun, local governments issue bonds for their own expenditure transparency opened the "front door", strong measures to control debt risk. After the stormRemodeling experts believe that judging from the global perspective, the world is going through a crisis of public debt. This may be the second phase of the financial crisis, and a long-term trend. But even if the risk has deteriorated, forcing the Government to take further room for improvement still exists. An Guojun said: "from the Latin American debt crisis of the last century 80 's, 90 's Southeast Asia goldFinancial crisis until the American debt crisis, European debt crisis that fully justifies the reasonable scale of government debt and risk management strategy, for promoting the financial market and exchange rate stability and rapid economic recovery is critical. "The view was expressed that, in essence, solutions to public and private debt can be summed up in four options, namely default bankruptcy, issued with a new complement of old, sell assets (land, privatization), Inflation (currency). At present, various attempts have been largely removed or openly or secretly is fully under way. In any case, 2012 will eventually become the crisis must cross the threshold. Macro-Vice President of the Institute of national development and Reform Commission Chen Dongqi said the European debt crisis must be solved, but the bargaining process will be longer, you may want to first quarter of next year,In even years. Ultimately, whether within Europe or the global economic landscape, will enter a post-crisis era. (Reported by reporter Yang Yiren Shen Ermo) Gold-line statement: Gold-line reproduced above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investors a basis for action, at your own risk.