Who will win the NBA Finals? ESPN predicted the Warriors 65.2% won only 5 people optimistic about the Cavaliers

Who will win the NBA Finals? ESPN predicted the Warriors 65.2% won only 5 people optimistic about the Cavaliers
On June 4th, Beijing time, the NBA Finals will be played tomorrow. ESPN has launched the finals prediction as usual. All 27 experts are optimistic about the position of the Warriors to win the championship. In the purely mechanical data calculation, the probability of the Warriors winning the championship is alsoReached 65.2%.Who can win the championship?  A total of 27 experts participated in the finals prediction, and most experts are optimistic about the Warriors winning the championship.Among these 27 people, 22 people think that the Warriors will win the championship, and among them, 6 people predict that the Warriors will defeat the Cavaliers 4-1, 10 people predict that the Warriors will win 4-2, and the remaining 6 people think that the Warriors willWin the tiebreak to win the championship.Most experts are optimistic about the Warriors winning the championship and the other five experts who are optimistic about the Cavaliers also believe that the Cavaliers will not win easily. Among these 5 people, 3 people think that the Cavaliers will need 6 games to win.The Warriors fought 7 games and won the championship away.  And then, ESPN launched a pure data calculation conversion indicator. They calculated the probability of the Warriors and Cavaliers winning each game through the statistics of the average data of each round of the Cavaliers and Warriors playoff series, and further calculatedThe chance of a big score in the finals.The Warriors have a probability of 65.2% In this result, the Warriors are still optimistic, they have 8.Sweep the Cavaliers with an 8% probability, with 19.A 5% probability of winning with a score of 4-1 and a probability of winning 4-2 is 16.6%, and the Warriors have the highest probability of winning 4-3, reaching 20.3%, after the bonus, the probability of the Warriors finally winning the championship reached 65.2%.The Cavaliers are only 34.The probability of winning is 8%, and the probability of sweeping the Warriors is only 3.7%, the highest probability of defeating the Warriors 4-2, reaching 13.6%.(Big speakers)

[How to marinate in grilled wings]_Preservation method_Method

銆 愮 儰 呬 腑 訑 訑 庝 箞 罐 屽 劗 銆 慱 岱 受 参 参 揂 牶 _ 锅 氭 硶
In the world economy, the Hong Kong economy is full of people, the world is full of money, the world is full of money, the world is full of money, the world is full of people, the world is full of people, and the world is full of people.殑锛屽ゥ灏旇繀鐪熺殑鏄兂鎯冲氨瑙夊緱鍙f按娴佷笅鏉ヤ簡锛屽湪鐑х儰搴楅噷鐑ら浮缈咃紝涓€鑸兘鏄偣鍑婚噺姣旇緝楂樼殑椋熺墿锛屽氨鏄洜涓轰粬鐨勮厡鍒舵柟娉曠壒娈婏紝鏄皟鏂欏畬鍏ㄧ殑娣瑰叆鍒伴浮缈呬腑锛岄偅涔堢儰缈呬腑鏄€庝箞鑵屽埗鐨勫憿锛熷皬缂栨潵缁欏ぇ瀹朵粙缁嶇儰楦$繀鐪熺殑鐗瑰埆璇辨儜浜The monkey’s speech is very difficult, and it’s very difficult to talk about it. It’s very difficult to talk about it. It’s very difficult to talk about it. It’s very difficult to talk about it.The world’s economy is very busy, and the world’s economy is very busy. It’s a new place. It’s a new place. It’s a new place.效悎镊繁鍙e懗鎵嶈兘琚嚜宸辫鍙ソ鍚冦€備粖澶╂潵鍒嗕韩鐨勭儰楦$繀灞炰簬寰井楹昏荆鐗堢殑锛屽コ鍎垮钩甯镐笉鎬庝箞鍚冭荆锛屽彲杩欎釜濂硅秴绾у枩娆紝涓嶈繃鍐嶅ソ鍚冪殑缇庨鎴戝浜轰篃鏄緢鏈夎妭鍒剁殑锛岀涓€锛屽啀濂藉悆鍚冨浜嗗槾閲屼篃灏变This is a simple and easy-to-use editing tool. It ‘s very simple. It ‘s very hard. It ‘s very simple. It ‘s very simple. It ‘s very simple. It ‘s a new one.The last thing is that the forbidden insects are squeezed out of the earth and the earth is covered by the earth and the earth is squeezed. It ‘s tweeted. It ‘s rushed to the point of view.The whole world is full of sorrows, sorrows, sorrows, sorrows, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow, sorrow.帹鎴跨殑棣欙纴涓崭新粎缇庣编浜彈鍛抽亾锛岃€屼笖杩樺彲浠ヤ韩鍙楀埗浣滅殑涔愯叮銆傚師鏉愭枡锛氥€愪富鏂欍€戯細楦$繀8涓€愯皟鏂欍€戯細杈f绮夐€傞噺銆佽姳妞掔矇閫傞噺銆佽姖楹婚娌归€傞噺銆佺洂灏戣銆佺敓濮滀竴鍧椼€佽懕閫傞噺銆佺敓鎶介€傞噺銆佽€佹娊鍑犳淮銆佸瓬鐒堕€傞噺銆侀粦鑳℃绮夊皯璁搞€佽荆妞掓补灏戣銆佽姳妞掓补灏戣銆佽姳闆曢厭閰掗€傞噺鍒Duo Shushura adze?銆 佸 皢 楦 $ 繀 呓 娮 稞 Plug the adjective?銆佸湪楦$繀涓ら潰閮芥枩鐫€鍒囦袱閬撳彛瀛愶紝渚夸簬鍏ュ懗锛?銆佺敓濮滃垏鎴愯杽鐗囥€佸ぇ钁卞垏鎴愬皬娈靛鐢紱4銆侀浮缈呴噷鍔犲叆閫傞噺鐢熸娊銆佸嚑婊磋€佹娊銆侀€傞There are so many marriages in the world: the marriage of the girl, the marriage of the deceased, the village, the village, the village, the village, the village, the village, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, the park, and the park辨娌癸紝鐒跺悗灏嗚懕濮滄尋涓€鎸わ紝鎸ゅ嚭姹佹恫锛屽啀鍔犲叆灏戣杈f绮夈€佽姳妞掔矇銆佸瓬鐒剁矇涓€璧疯厡鍒朵竴浼氥€傚彾瀛愬鍠滄鐢ㄨ姳闆曢厭鍋氳彍锛屼笉鍠滄鏂欓厭鐨勫懗閬擄紝鑺遍洉閰掕厡鍒堕浮缈呮瘮鏂欓厭鍛抽亾濂藉緢澶氾紝缁忓父鍋氳彍寤鸿瀹堕噷澶囦笂鑺遍洉閰掋€傚姞鍑犳淮鑰佹娊鏄负浜嗕笂鑹诧紝浣嗕竴瀹氫笉瑕佸姞澶氫簡锛屽枩娆㈠井鐢滅殑鍙互鍔犱竴涓佺偣铚傝湝锛屼絾涓€瀹氫笉瑕佸浜嗭紝鑺遍洉閰掓湰韬湁寰井涓€鐐圭敎锛岃繖涓睘浜庨夯杈e懗閬擄紝鏈夊井寰竴涓濈敎鏉ユ彁椴滃嵆鍙€?This is the case, and it ‘s a good idea to make sure that you ‘re going to make a lot of noises, you ca n’t do it, you ca n’t do it, you ca n’t do it, you ca n’t do it, you ca n’t do it.What’s the matter? What’s the matter? What’s the matter? What’s the matter? What’s the matter? What’s the difference?0 闒 匓 銆 傛 垜 鍜 鏜 鍜 進 同 鐑 ゆ 璦 婄 咰 囄 庶 溴 欩 欐 牱 鐑 ゅ 嚭 鏉 ョ 殑 殑 村 姞 雧 囸 尖 尽 尽 尽Gui Gui Yu Hong Hong  鍦 帴 倌 倌 倏 斏 协 ラ 軏 績 貏 渴 渚 尬 娓 告 悊 銆?Do you want to know how to draw a picture? What is the difference between painting and painting?0 鍒 嗛 挓 宸 ﹀ 卸 鍗 冲劲 銆?銆 乚 垚 鍝 佸 浘 銆?

[How long can winter melon be kept]_How to store_Save time

[How long can winter melon be kept]_How to store_Save time

Winter melon is an ingredient that can be stored continuously. Normally, winter melon does not show any bumps. It can be stored in a cool place for a month or two, but it can only be stored for a day or two after being cut.And, it is best to finish it on the day, because the melon is easy to deteriorate after it is cut. It is recommended that you wrap it in plastic wrap and store it in the refrigerator with plastic wrap. This can be stored for about 2 days.

How to save the melon after it is cut. If the melon cannot be eaten after it is cut, you can put the remaining part of the melon in a cool and ventilated place. It can also be stored for 1-2 days, but it is best to save it on the day.After eating.

Unused melon stored in the refrigerator can be wrapped in plastic wrap and stored in the fresh-keeping layer of the refrigerator. The storage time of this method is about 2-3 days.

Stick the cling film to save the melon. After cutting, there will be a little bit of mucus on the cut surface. At this time, you can use a piece of cling film larger than the cut surface or a clean white paper with the same size as the cut surface.It can be kept fresh for 3-5 days.

Soak and preserve the rice in water. After peeling and seeding the melon, cut into large pieces of palms. Cut each piece horizontally and vertically with three knives. Do not break the bottom. Soak the rice in water for 24 hours, then change to cold water and add at leastThe salt continues to soak.

This can be stored for 2-3 days.

How to keep the whole melon? If it is not cut, when it is stored, it can be stored in a cool and ventilated place at normal temperature for a month.

But eating fresh winter melon has better taste and nutrition.

Equity ETFs have reached 600 billion in the past year, soaring by about 70%

Equity ETFs have reached 600 billion in the past year, soaring by about 70%
When the global trading open-end index fund (ETF) first broke through 6 trillion US dollars, the latest size of domestic stock ETFs is also approaching 600 billion yuan, an increase of about 70% in the past year.Among them, Huaxia, Nanfang, Huatai Barry, E Fund and other fund companies are leading in the mainstream wide-based ETF field, and their flagship products are more than 40 billion U.S. dollars; 10 fund managers have entered the market in the past year, and the growth is rapid.  The size of stock ETFs is approaching 600 billion. In the context of the outstanding profitability of the A-share market in 2019 and the widespread spread of passive investment concepts, the size of domestic stock ETFs has continued to grow.  As of January 10, there were 43 fund managers in the market with a total of 238 stock ETF products, with a fund net worth of 5934.5.9 billion, approaching the 600 billion mark.Among them, Huaxia Fund took the lead, with the ETF of its subsidiary stocks reaching 1197.700 million, accounting for more than 20%; E Fund, Southern Fund management scale of more than 50 billion, ranking second in the ranks; Huatai Bairui, Jiashi, Bo Shi and other fund companies’ stock ETFs at 200 billion?Between 50 billion yuan, the stock ETFs of fund companies such as Wells Fargo, Warburg, Ping An, and ICBC Credit Suisse exceeded 10 billion.  From the scale growth list, since last year, the scale of ETFs of Castrol, Huaxia, and E Fund stocks have all increased by more than 20 billion US dollars.  It is obvious that in the stock ETF market, 10 fund managers including Taikang Asset, Tianhong Fund and Industrial Fund have entered the market since last year. Among them, Taikang Asset and Tianhong Fund’s latest stock ETF scale has been completed.Reached more than 7 billion, growing rapidly.  Three Broad-Based ETFs Exceeded 40 Billion Since the listing of the Shanghai and Shenzhen 300 ETFs on the Shanghai Stock Exchange last December 23, Huatai Borui Shanghai and Shenzhen 300 ETFs have been actively trading, with three-week turnover of 74 trillion, 82 trillion, and 102 trillion, respectively, showing a continuous increaseThe momentum, and last week exceeded the tens of billions of dollars mark, 四川耍耍网 becoming the largest weekly stock ETF.Its size is also from 370.1.6 billion to 435.500 million US dollars, a big increase of 6.5 billion US dollars in just 3 weeks, an increase of up to 17.65%.During the same period, the size of the Shanghai and Shenzhen 300 ETFs owned by Huaxia and Harvest Funds each increased by 25.500 million, 35.500 million yuan, an increase of 8.6%, 14.5%, the total scale rose to 31.2 billion yuan, 28.1 billion yuan.  As of January 10, Huatai Borui CSI 300 ETF and Southern China Securities 500 ETF, Huaxia SSE 50 ETF jointly ranked US $ 40 billion, South China, Huaxia, and Huatai Bairui Fund were in the mainstream of CSI 500, Shanghai 50, Shanghai and Shenzhen 300, etc.Leading advantages are formed in the wide-base index field.  On the whole, there are currently 13 stock ETFs in the 10 billion product clubs.Among them, Hua’an Fund and E Fund Fund respectively have advantages in the SSE 180 and GEM pointing fields. The fund sizes are 20 billion and 17.6 billion yuan.As the only industry ETF on the list, the size of the Cathay Securities China Securities Index ETF also exceeds US $ 15 billion.The pulse growth of the brokerage index in the past two years has made this leading index of the brokerage firm popular with investors.  In fact, 2019 is also a year of great development for the overseas ETF market. The global ETF scale broke the US $ 6 trillion mark for the first time in November 2019.  Taking the United States, the world’s largest ETF market, as an example, net inflows in 2019 were US $ 326.3 billion, exceeding US $ 315.4 billion in 2018, second only to US $ 476.1 billion in 2017.The size of the ETF currently listed in the United States is 4.At $ 4 trillion, BlackRock (part of the ASUS “iShares” product line) and Vanguard together account for 65% of the market.In addition, the European ETF market had a net inflow of US $ 120 billion last year, and its scale exceeded US $ 1 trillion for the first time. The global ETF boom is evident.  Bank of America said that the ETF market is growing strongly. One of the first is the increasing number of advantages in indicators such as efficiency, indicators, liquidity and selectivity.Bank of America data also shows that in the next 10 years, the size of ETFs may increase by 10 times, reaching $ 50 trillion.

A notice issued by the State Council of the People’s Government of the People’s Republic of China detonated A shares: the daily limit of more than 100 shares stopped and even these positives

A notice issued by the State Council of the People’s Government of the People’s Republic of China detonated A shares: the daily limit of more than 100 shares stopped and even these positives

A big news, A shares soared 1.

5 trillion!

Over one hundred shares daily limit, at least these are positive.
Source: China Fund reported a “Notice” issued by the State Council and the State Council, detonating A trillion growth today.

  On June 10, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council jointly released the “Notice on Doing a Good Job in the Issuance of Special Bonds by Local Governments and Supporting Financing of Projects” (the “Notice”).

  Among them, the proposal allows “special bonds to be used as eligible major project capital”, and “actively encourages financial institutions to provide supporting financing support”, which broadens the scope of the use of existing special debt as supporting funds, and has attracted market attention.

  Today’s A-share market grew “enthusiastically” in response to the aforementioned documents.

  The daily limit of more than 100 shares: A stock market value surged 1.

The news of 53 trillion supporting infrastructure detonated A shares.

  Affected by the above news, this morning A shares opened higher all the way, led by infrastructure stocks, brokers, brewers charge, the market is fully upward.

In the final close, the Shanghai Composite Index rose by 2.

58% to close at 2925.

72 points, back above 2900 points; the Shenzhen Component Index closed up 3.

74%, GEM Index rose 3.


141 stocks in the two cities rose, and the stocks rose across the board.

  Even the price rose sharply, and the volume was obviously increased. The turnover of the two cities reached 556.5 billion US dollars, a substantial increase from the previous trading day.

Kitakami Capital also bought 73 heavily.

700 million.

  At the close today, the total market value of A shares reached 52.

53 trillion, 51 trillion at the close earlier, a surge of 1.

53 trillion yuan.

  Infrastructure stocks broke out. Liquor Charge charged “for allowing special bonds to be used as eligible major project capital”, Hua Chuang Securities Research reported that it can increase capital by 100-200 billion and leverage 4-7 times, and may eventually leverage newIncrease infrastructure investment 0.

4 trillion-1.

4 trillion.

  The direct benefit of infrastructure construction stocks has also become a large backbone of today’s growth.

Infrastructure stocks rose the most, with building materials up 5.

27%, construction machinery rose 4.

99%, construction and industrial machinery also rose more than 4%.

  In the plate, more than 20 stocks such as Yaopi Glass, Qingsong Jianhua, Oriental Garden, Dagang Road Machinery, Chinalco International, China Academy of Sciences, Qilian Mountain, etc.

Leading stocks, Conch Cement, China Construction rose more than 4%, China Communications Construction rose 5.

22%, China Railway Construction rose 6.


  Brokerage stocks, as a market vane, are also growing violently today5.

35%, Harbin Investment, Hualin Securities, China Galaxy and many other stocks daily limit, liquor stocks also rose more than 5%.

  China Central Office, State-owned Office “Enlarged Recruitment” to Promote Investment On June 10, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council jointly issued the “Notice on Doing a Good Job in the Issuance of Local Government Special Bonds and Supporting Project Financing” (referred to as the “Notice”)” “).
  Among them, the proposal allows “special bonds to be used as eligible major project capital”, and “actively encourages financial institutions to provide supporting financing support”, which broadens the scope of the use of existing special debt as supporting funds, and has attracted market attention.

  After the release of this high-profile document, relevant persons in charge of the six ministries and commissions of the Ministry of Finance, the Development and Reform Commission, the People’s Bank of China, the Audit Office, the Banking and Insurance Regulatory Commission, and the Securities and Futures Commission issued a question and answer for a more specific explanation.
  Relevant persons in charge of the six ministries and commissions stated that the “Circular” revolves around the goal of using reforms to resolve contradictions and problems in development, and in accordance with relevant laws and regulations, distinguishes financial support standards reasonably, highlights funding support priorities, provides supporting financing support, and broadens major issues.In terms of project capital channels, guaranteeing debt repayment responsibilities, etc., we propose systemic policies and measures to support the financing of special bond projects. They not only play a leading role in increasing the effective investment of special bonds, but also firmly adhere to the bottom line of risk prevention and control, and effectively protect the economy.Healthy development is sustainable.
  Special debts can be used as capital for major projects. Infrastructure investment is expected to drive an additional 7 points. The notice attracts the most attention from the market: special bonds are allowed to be used as eligible major project capital.

  Terrorism, because special debt is debt funds and cannot be used as project capital, this time has been relaxed, but the main 苏州夜网论坛 broadened areas are concentrated in the infrastructure part, and high-voltage lines for the prevention and control of hidden debts still exist.

“For the special bond support, which is in line with major central decision-making and deployment, and has the effect of continuous demonstration, the major projects are mainly nationally supported railways, national highways, and local highways that support the promotion of major national strategies.In the case of assessing project income and repaying the special bonds after the principal and interest of the special bonds increase financing conditions, some special bonds are allowed to be used as a certain percentage of project capital, but must not be excessively financed beyond the actual level of project income.

“But at the same time, the document also clearly states that” resolutely do not take the path of disorderly borrowing for construction “,” resolutely prevent the increase of hidden debts “,” resolutely hold lifelong accountability and accountability for borrowing new debts “.

  The market generally believes that this move will alleviate the problem of insufficient capital for major infrastructure projects, highlighting the proactive fiscal policy to further increase efficiency and is the latest alternative to the Chinese government’s stimulus for fixed asset investment and economic stability.

  Analysis by Zhang Yu, chief macro analyst of Huachuang Securities, means that the special debt can be used for infrastructure funds of about 200 billion to 400 billion yuan, which can increase capital by about 100-200 billion, which can magnify 4-7 times leverage, and additionally pullInfrastructure investment 2.

2 supplements to around 7 additional.

  First of all, there are still 1 remaining to add special debt.

3 trillion, considering that the proportion of special debt in the designated infrastructure direction is about 15-30% (according to the issuance rhythm since the beginning of the year, the proportion of land storage and shed reform uses is as high as about 70%), then the special debt can be used for the infrastructure partThe funds are about 200 billion to 400 billion.

  Because only major projects that meet the requirements of the document can be used as capital, assuming that half of the special debt debt used for infrastructure funds belongs to major projects, the capital can be increased by about 100-200 billion.

  Leverage has two vertical angles. The first one is direct transfer. According to the capital requirements of existing infrastructure projects, about 20-25%, so the leverage is 4-5 times. The second is the actual replacement, which is based on the capital investment / budgetary capital ratio.Looking at the actual leverage, it is currently about 7 times.

So leverage is between 4-7 times.

  It can increase capital by 100-200 billion, leverage 4-7 times, and finally may leverage 0 to supplement infrastructure investment.

4 trillion-1.

4 trillion.
(Considering that the yields of many major projects are not high, and other funds are not expected to participate strongly, the actual leverage can hardly reach 4-7 times, and the offset here is optimistic.

) Assuming that the capital and supporting funds for leveraging infrastructure investment land proportionally (that is, according to the forecast of the full-pull scenario), considering that the size of infrastructure investment in 2018 is about 18 trillion yuan, additional infrastructure investment will be driven2.

2 supplements to around 7 additional.

  The market generally believes that this is the primary reason for the surge in infrastructure today.

  Encouraging financial institutions to provide matching financing scale, the market also pays attention to a key point: The Notice actively encourages financial institutions to provide matching financing.

That is, the project can be financed by a combination of special debt and market-based financing (such as loans), and project income is managed by separate accounts.

  Specifically, the “Notice” proposes that, in response to the implementation of enterprise-oriented operation and management projects, bank institutions are encouraged and guided to use project loans and other methods to support the construction of special bond projects that meet the standards.

Encourage insurance institutions to provide financing support for the construction of long-term special bond projects that meet the standards.

Project units are allowed to issue corporate credit bonds and support special bond projects that meet the standards.

  However, entities and financial institutions conducting market-based financing need to comply with relevant regulations.

The “Notice” is still being revised. The project unit shall cancel the hidden debt in any way, the market-oriented transformation has not been completed, and the financing platform company whose stock of hidden debt has not been resolved shall not be used as the project unit.Make prudent decisions and resolutely prevent and control risks.

  In addition to allowing special bonds as eligible major project capital and actively encouraging financial institutions to provide supporting financing support, the Notice also recommends that a reasonable distinction be made between financial support special bond project standards, precise key areas and major projects, and ensuring maturity.Debt repayment responsibilities to support the financing of special bond projects.

  Infrastructure industry chain investment opportunities attract attention Many securities firms have expressed concern about investment opportunities in the infrastructure industry chain.

  GF Securities said that the uncertainty of the external environment has increased recently, and the coherence and regulation of countercyclical policies have gradually increased.

The introduction of this policy will help improve the margins of financing channels, and the growth of infrastructure investment in the second half of the year will promote a gradual recovery.

The company recommends paying attention to three main lines: 1) Overweighted infrastructure investment is expected, which is good for front-end testing / design companies with high growth performance and low-profile infrastructure central enterprises; 2) The completion of real estate improvement is good for the improvement of the performance of residential full decoration companies;Opportunities that combine performance topics such as transformation.

  Minsheng Securities suggested focusing on structural opportunities in the infrastructure industry chain.

Since the early days of construction, the growth rate of the steel industry has ranked among the top two in the Shenwan Tier 1 industry, and it has a clear performance advantage compared to other industries.

The ratio of public offering and foreign allocation in the infrastructure industry chain is also in a severely underweight state.

The market ‘s expected growth in policy space and policy expectations has promoted the introduction of special debt issuance policies, which has a more pronounced expectation on the infrastructure industry chain.

At the same time, in the face of uncertainty in trade frictions, the infrastructure industry chain is obviously defensive.

Therefore, it is recommended to pay attention to the structural opportunities of the infrastructure industry chain.

China Merchants Securities (600999) 2019 Third Quarterly Report Review: Proprietary Income Drives Development of IPO Business Highlights

China Merchants Securities (600999) 2019 Third Quarterly Report Review: Proprietary Income Drives Development of IPO Business Highlights

Event: China Merchants Securities disclosed the third quarter report of 2019, and the company realized operating income of 128 from January to September.

99 trillion, +65 ten years ago.

56%; net profit attributable to mother 48.

23 ppm, +57 a year.


The best average ROE is 6.

27%, an increase of 2 over the same period last year.

47 units.

Comment: Build a “wealth management” brand.

The average daily trading volume of the Shanghai and Shenzhen stock exchanges in 2019Q3 was 50.28 million yuan, a year-on-year increase of 47%.

China Merchants Securities Co., Ltd. 2019Q3 Net income from securities trading business9.

51 ‰, a year-on-year increase of 44%, a month-on-month decrease of 11%.

The company’s 2019Q3 brokerage program fee net income exceeded the growth rate in line with the overall market transaction volume growth rate.

However, the growth rate of market commission rates and the transformation of the brokerage business are the future development trends of the brokerage industry. China Merchants Securities is committed to transforming to wealth management.Strategic goals for managing distinctive businesses.

Cooperative development of investment banking business.

In the first half of this year, the company set up an investment bank business coordination committee, which effectively promoted the coordinated development of investment bank business.

Net income of the company’s securities underwriting business in Q3 2019 5.

1.4 billion, an increase of 16% in a year, an increase of 65%.

As of now, the company has gradually completed 10 initial launches this year (7 in the same period last year) and 5 additional launches (9 in the same period last year).

In terms of amount, the IPO gradually raised 107.

US $ 9.4 billion, an increase of 50% each year; the underwriting scale of corporate bonds + corporate bonds is US $ 43.1 billion, an annual decrease of 17%.

The self-employed income developed steadily.

The company achieved net income from asset management business in Q3 20192.

3.9 billion, a year-on-year decrease of 11% and a month-on-month decrease of 12%.

The company reports overall net investment income (including changes in fair value) 12.

75 ppm, a year-on-year increase of 24%, and a month-on-year increase of 7%, which includes the floating profit of direct investment subsidiaries’ follow-up investment in science and technology board.

6.7 billion.

The company continued to carry out risk management of equity pledge business. In the third quarter, it continued to accrue credit worth of RMB 9.61 million, and accumulatively accrued RMB 68.57 million from January to September.

At the end of the reporting period, the company’s financial investment assets reached 198.6 billion yuan, an increase of 26% over the beginning of the year, of which transactional financial assets accounted for 71% of the total scale, an increase of 34% over the beginning of the year.

Investment suggestion: The company announced the employee shareholding plan (draft) in October. The company’s A shares will be repurchased for senior management and other core employee shareholdings. The subscription amount shall not exceed 8.

RMB 08 million.

The employee shareholding plan and reorganization as a whole have demonstrated the company’s confidence in long-term operations, and gradually 青岛夜网 strengthened the company’s core backbone and the company’s interests.

The employee shareholding plan is expected to form an effective support for the company’s future performance. We expect the China Merchants Securities EPS to be 1 in 2019-2021.



26 yuan (the original predictor 1).


18/1.23 yuan), BPS is 12.



90 yuan, the corresponding PB is 1.



17, ROE is 8.

44% / 8.

99% / 9.


Backed by China Merchants Group, the company continues to be optimistic about synergy and institutional business development, and continues to give 2019 results1.


8 times PB estimate, maintain target range of 20-23 yuan, maintain “recommended” level.

Risk warning: Sino-US trade is repeated, downward economic pressure is increasing, and financial supervision is becoming 青岛夜网 stricter.

Old people eat more millet to prevent constipation

Old people eat more millet to prevent constipation

There is a saying that “millet nutrition race rice”, which means that although millet is coarse grains, the nutritional value is very high.

Professor Qi Zhimei, deputy director of the Department of Traditional Chinese Medicine at Changchun Central Hospital, said that millet is rich in vitamins and other mineral trace elements, which is very suitable for the elderly.

  Prof. Qi introduced that millet is rich in vitamins, in addition to carotene which is not contained in general food, vitamin B1 is the first in all foods, and the content of threonine, methionine and tryptophan is also higher.Generally, cereals are high in grain, while carbohydrates are slightly lower than rice, so they are more suitable for digestion and absorption of the elderly, especially for preventing constipation in the elderly.

At the same time, regular consumption of millet, you can also control weight, lose weight, reduce blood sugar and blood lipids.

Especially at this time, the temperature rises, the air is dry, and many early symptoms of constipation are prone to occur, so the elderly can do multiple millet porridge, sometimes millet red jujube yam porridge, have spleen, and stomach, nourishing function, yam can alsoStimulate the movement of the small intestine, promote the emptying of the contents of the body, promote the digestion of the accelerated path while preventing nourishment, and prevent constipation.

It is also possible to put rice and rice together to make rice, and to mix the nutrition of rice and rice, which is beneficial to the comprehensive absorption of nutrition by the elderly.

I think that blindly advocating being a lover of domestic products

I think that blindly advocating being a lover of domestic products

Domestic products have their advantages and disadvantages, and they can be used, but they must have choices and methods.

Where is it?

Let’s love Chinese goods together and really use them.

  The old brand is really safe. A lot of fashionable little young people. The reason why they return to those old brands is because they feel that they are very gentle. Why was the grandmother not allergic before?

Of course, there are many reasons for this problem. Some say that in addition to products, external pollution is also an important factor.

  Those who love domestic products are pretty. However, we choose those old brands, such as Baique Ling’s cold cream, Phoenix brand glycerin, Yu Meijing’s fresh milk lotion, etc., which are quite safe.

First of all, because they are old brands after all, they have stable supply and production channels, so they do n’t mess around like some unknown products.

At the same time, their safety is also a double-edged sword. In the conventional old brands, the active ingredients are generally weaker, so the “functionality” is weaker, and thus anti-aging, whitening, etc. are not their focus.

Because of these things, the ingredients are simple, but their moisturizing and moisturizing can be guaranteed, so they are not easy to sensitize.

  Guangyuan Liangcai Water Pure Luffa Extract is very natural.

It’s cool to use in summer.

It is also quite good to make a paper film for face.

  Baique Ling’s classic skin cream cold cream is also good for applying face in winter, and it is mild. It is used to coat hands and body in other seasons, which is called itching.

  Yangzhou Xie Xunchun duck egg powder is equivalent to the ancient powder cake. It looks like the beauty in “A Dream of Red Mansions” and it is more fun to buy it for collection.

  Therefore, my suggestion is that you can use the old brand, but all other products use the old brand, otherwise many skins need nutrition.

The old brand seems to be grain, but eating rice alone is not enough.

If you use an old brand of cream, you should add a little essence to mix it.

  The new brand’s key point is that the state-owned new brand is now a relatively chaotic market. Among them, it is really a dragon rather than a dragon. But who is a fish and who is a dragon must still have a choice.

If you can choose good things, the price is very high.

  First of all, I think that cosmetics still have a word of mouth. This sentence is only for brands.

Identifying a brand requires a lot of people to help you. Since everyone says yes, then it is OK to believe in basic quality.

However, specific to one of these products, I think it still depends on personal needs and skin condition, and it is not good for others.

  In fact, to pick a good state-owned brand, you still need to understand its production background and products.

Of course, if the place of origin is unknown or makes you feel right, naturally don’t choose.

Relative to the ingredients of the product, you must make it clear to you one by one. Can those who say how cheap and cheap are the most expensive materials, can you believe it?

By the way, do n’t believe that it is effective for three days. This is scary. There is an imitation of everything, not to mention skin care products?

  Therefore, we still recommend that you choose some more natural products, and you must carefully study the instructions, do not buy casually.

  Sharing some old domestic products Liangliang is one of the users of domestic products. She shares with us some domestic cosmetics that she is more passionate about.

According to Liang Liang’s introduction, she chose domestic products and did not expect to buy them. She would do some research.

But domestic products are not easy to buy, because they are not available in many large supermarkets, so beware of fakes when buying online. Although the price is cheap, don’t use your skin.

  1. Ballet Ginseng Pearl Cream 2. Miscellaneous Beauty Honey 3. Longliqi Snake Ointment 4. Irene Cucumber Bud Cleansing Milk 5. Sophisticated Aloe Vera Gel 6. Bee Flower Conditioner 7. Phoenix Glycerin 8. Meijia Pure Tremella PearlMoisturizing cream 9, An’an facial cleanser 10, Yumeijing fresh milk cream 11, Dabao SOD honey domestic products “luxury” I did not expect it, even a piece 3.

5 yuan of sandalwood soap will have so much attention, this kind of long-established domestic cosmetics, has always been in our lives.

It is said that there was a faint sandalwood fragrance on the once Miss Shanghai.

And when we were young, my mother put sandalwood soap in the closet to make the clothes scent.

After many years, the quality of sandalwood soap has not changed, and girls can find this charming soap on the shelves of major supermarkets.

  The golden plum-shaped badge makes people feel that this soap must have won a lot of honors. This soap, which was founded in 1928, is really sold at home and abroad.

  The texture of the soap body is delicate and exquisite, with both sides engraved with text.
Based on natural sandalwood, the fragrance of jasmine and citrus is faint.
  Little Soap has an instruction manual and is written in four languages, namely Chinese, English, French, and Italian.

  The outermost is a belt with golden edges, which prevents slipping and shows more exquisite.

Demystifying the cause of male infertility

Demystifying the cause of male infertility

Generally, about 80% of couples in their first year of marriage?
85% pregnant, about 10% in the second year?
15% of couples will become pregnant and be vigilant if they are infertile for more than 3 years.

The actual infertility patient came to the clinic because of infertility for many years after marriage. There were no other complications. Only abnormalities were found during the physical examination and laboratory examination of the relevant parties.

  Men’s infertility, according to the World Health Organization’s standards for one year, means at least 12 months of non-contraceptive life history without still conceiving the woman.

Primary male infertility is when a man has never conceived a woman.

Secondary male infertility is when a man has conceived a woman.

Essentially, male infertility is more likely to restore fertility than primary infertility.

  Currently, infertility has become a universal target.

The normal value of sperm has been replaced by more than 60 million per ml, which is considered normal.

  The causes of male infertility are very complex, and the World Health Organization is divided into 16 categories.

There are mainly the following aspects: After the genital organ is infected with male genital organs, the presence of worms will affect the normal secretion of gonads and decline in spermatogenic function, replace the morphology of sperm, and decrease viability and survival time, thereby losing fertilityLeading to infertility.

Acute patients will develop symptoms such as acute insulin bolitis, epididymitis, prostatitis, urethritis, and abnormal genital structure.

Severe cases can cause insemination ducts, cracks in the attachment, and even obstruction, causing sperm to fail to pass smoothly and enter the female body to combine with the eggs.

  Varicocele refers to the expansion of the spermatic cord venous plexus, which causes the blood flow of the retinal pill to be blocked, the temperature rise, the metabolic disorder, and the harmful substances not excreted in time.Infertility due to abnormal sperm and decreased vitality.

  Immune dysfunction means that men develop antisperm autoimmunity.

Human semen contains a variety of antigens. If it is implanted into urethritis, prostatitis, epididymitis, orchitis, etc., and the thrombus barrier is broken, an immune response will occur and anti-sperm antibodies will be produced.

Anti-sperm antibodies can inactivate sperm, cause oligospermia and azoospermia, and prevent sperm-egg binding.

Do n’t buy these five types of food in bulk

Do n’t buy these five types of food in bulk

First, cereals and bulk foods Bulk foods are susceptible to germs and nutrient losses are also possible.

Because grain contains water, the relative environment can cause germs to breed.

One of the most harmful to the human body is a carcinogen aflatoxin.

Among the cereals, the most in bulk is cereal rice. Although it is rich in nutrition, it has a short shelf life, usually only half a year.

In particular, Vitamin A and Vitamin C, which are left in the air for about 3 months, will be completely oxidized, and health care effects will be lost.

  Second, bulk edible oil bulk edible oil mainly has no packaging mark. It is a “three-none” product without a factory name, site, production date, shelf life, and quality standards. There are serious hidden health hazards. Do not buy it.

Especially buying a large amount of edible oil at one time is even worse.

This is because, first, the oil with the lid open is usually stored in the kitchen, with high temperature and humidity, which is prone to breed bacteria. Second, the oil in the oil is easily oxidized and rancid, which increases the risk of carcinogenesis.

Therefore, Wang Donglan suggested that cooking oil should be bought in small packages and eaten within 3 months after opening the lid.

  At the same time, it needs to be reminded.

The storage time of cooking oil also depends on the type of oil.

For example, olive oil can only be stored for 6 months, and peanut oil can only be stored for 3 months after opening.

  Third, bulk nuts Nuts are easy to spoil because of their large oil content.

Bulk nuts in direct contact with the air will accelerate their deterioration, and the mineral nutrients such as calcium, zinc, and iron are more easily lost.

Therefore, the shelf life of bulk nuts is usually only one or two months.

Nuts are best bought in small packages that can be eaten in a short time.

  Fourth, do not think that frozen food in bulk can be repeatedly stored without any care, and its shelf life is actually only one or two months.

The variety of frozen foods in the freezer of the supermarket costs a lot of repetition in transportation and storage, which is not easy to judge.

Therefore, don’t let quick-frozen dumplings, frozen meat, etc. fill up the freezer compartment of the refrigerator, no matter how busy you are, it is best to buy frozen food now.

  Fifth, the seasonings in bulk are not only peppercorns in bulk, cumin, but also bottled hot pepper sauce. Generally, the flavor will fade in about half a year, the flavoring ability will weaken, and it will easily breed bacteria, which is very harmful to health.

Condiments must be bought in small quantities and refined, preferably not in bulk or in large bottles.