Category: Arts & Entertainment

Front panel U.S. stocks index futures higher Deutsche Bank shares rebounded sharply 北京建设大学

Front panel: U.S. stocks index futures higher Deutsche Bank shares rebounded sharply U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks news Beijing time on the evening of 30, U.S. stock index edged higher Friday pre crisis, the Deutsche Bank stock prices rebounded sharply, mainly support bargain hunting, plus the CEO sent a letter to reassure employees to boost investor confidence effect. Earlier, the German Deutsche Bank shares fell by more than 7%, a record low, and caused European stocks fell, but the shares rose more than 6%. By 21 points in Beijing time, Dow futures rose 0.08% to 18112 points; the S & P 500 index futures rose 0.09% to 2150.50 points in 07. By Deutsche Bank Crisis, U.S. stocks fell sharply Thursday, the Dow closed down nearly 200 points, or 1.07%; the S & P 500 index fell nearly 1%. Earlier reports said that Deutsche Bank’s customers are some big investment to withdraw from the bank. Earlier released data show that U.S. consumer spending in August was flat, slightly lower than the market expected, PCE inflation index rose 0.1%, the core PCE rose 0.2%. In addition, at 9:45 a.m. EDT Friday (Beijing time Friday night 9:45), the U.S. September Chicago PMI will be announced as scheduled, and the U.S. consumer confidence data for September will be released at 10 p.m.. Editor in chief: Yu Jian SF069

盘前:美股期指走高 德银股价大幅反弹 美股行情中心:独家提供全美股行业板块、盘前盘后、ETF、权证实时行情   新浪美股讯 北京时间30日晚,美股期指周五盘前小幅走高,陷入危机中的德银股价大幅反弹,主要受逢低买盘支撑,加上该行CEO致信安抚员工起到提振投资者信心的作用。较早时,德银德国上市股价一度大跌逾7%,创历史新低,并引发欧股大跌,但目前该股大涨逾6%。   截至北京时间21点07分,道指期货上涨0.08%,至18,112.00点;标普500指数期货上涨0.09%,至2150.50点。   受德银危机影响,美股周四大幅下跌,道指收盘下跌近200点,跌幅1.07%;标普500指数下跌近1%。此前有报道称,德银的一些大客户正从该行撤走投资。   较早时发布的数据显示,美国8月消费者支出环比持平,略逊于市场预期,PCE通胀指数环比上涨0.1%,核心PCE上涨0.2%。   此外,美东时间周五上午9点45分(北京时间周五晚9点45分),美国9月芝加哥采购经理人指数将如期公布,美东时间10点还将公布美国9月消费者信心数据。 责任编辑:于健 SF069相关的主题文章:

How to shoot a minimalist beautiful silhouette work 凤求凰丑妻难为

Tips: how to take a minimalist beautiful silhouette works because the temperature dropped very cold, but also give us a rare good air. Air quality is good, shooting silhouette has become a hot topic. What skills do you need to pay attention to, and what are the experiences worth drawing on? In backlit photos, we usually open flash, or enhance the exposure for the subject to brightness, but in fact there is another shooting method, is a shooting silhouette! There are some tricks to shoot beautiful silhouettes. Now let’s take a look at some of the key points for shooting silhouettes! 1. select a profile of the target to shoot beautiful silhouette photos, we must carefully choose the subject, is the best shooting subjects have obvious contour, such as portrait, bicycle and others will know. But beware of your body don’t have much overlap, or take out the photo will only see a piece of black, lost the contour! 2. don’t open flash flash is used to illuminate the subject or fill in, we would like to take silhouette effect subject is underexposed, so don’t open flash. If it is in auto mode, go to P mode or other mode, because the flash will usually open automatically in full automatic mode!   。 Choose a suitable angle shooting silhouette, we must find the appropriate angle, the body on the back of strong light and positive no or less light, one of the most simple method is to keep the body in front of the sun or light let the backlight. There is a clear outline of the 4. focus on the main points mentioned in the first subject to, we have to put the focus on the main body, this body will not clear the fuzzy edge, the emergence of a beautiful silhouette! The use of 5. is very important in the spot metering shooting silhouette effect, if the photometry error may make the main overexposed, not shoot silhouette, you can try the camera to "spot" and toward the sky behind the photometric or subject to exposure, with lock AE-Lock lock metering, so shoot silhouette opportunities will increase! 6. if you use the average metering even if you use the default in average metering, you can also use the -EV method to make the subject is underexposed and the formation of this silhouette, don’t adjust the metering mode!

小技巧:如何拍出极简漂亮的剪影作品   因为之前气温骤降天寒地冻,但也给大家带来了难得的好空气。空气质量一好,拍剪影也就成了热门题材。那么拍剪影需要注意哪些技巧呢,又有什么值得借鉴的经验呢?   在拍摄逆光相片时,我们通常会开启闪光灯,或是提升曝光让主体回复亮度,但其实有另外一种拍法,便是拍摄剪影了!   要拍出漂亮的剪影也有一些技巧,现在便让我们看看一些拍摄剪影要留意的要点吧!   1.选择一个有轮廓的目标   要拍出漂亮的剪影相片,我们一定要好好选择主体,最好是拍摄一些有明显轮廓的主体,例如人像、单车等别人一看便知道的东西。   而且要小心你的主体不要有太多的重叠,否则拍出来的相片便只会看到一幅幅的黑色,轮廓尽失了!   2.不要开闪光灯   闪光灯通常是用来照亮主体或作补光的,在拍摄剪影效果时我们反而希望主体曝光不足,因此不要开启闪光灯。如果是用自动模式请转到P档模式或其他模式,因为全自动模式下闪光灯通常会自动开启啊!   。选择一个合适的角度   拍摄剪影,我们一定要寻找合适的角度,令主体背面有强烈的光线而正面没有或较少光源照射到,其中最简单的方法便是让主体放在太阳或灯光前面让其背光。   4.对焦在主体上   在第一点提到主体要有一个清晰的轮廓,我们便要把对焦点放在主体上,这样主体的边缘便会清楚不模糊,出现一个漂亮的剪影了!   5.利用点测光   测光在拍摄剪影效果时很重要,如果测光错误,可能会让主体过曝,拍不出剪影,你可以试试把相机调到“点测光”并向着天空或主体背后的光源测光,有需要便配合曝光锁 AE-Lock 锁定测光,这样拍出剪影的机会便大增了!   6.如果你使用平均测光   即使你在使用预设的平均测光,你也可以利用-EV的方法来让主体曝光不足而形成剪影,这样便不用刻意调较测光模式了!相关的主题文章:

Zheng Shuang will cooperate with Li Yifeng when he eats the meat! Get married to Hu Yanbin! – Sohu 黑龙江商业职业学院

Zheng Shuang will cooperate with Li Yifeng when he eats the meat! Get married to Hu Yanbin! – Sohu yesterday, "Zheng Shuang" hot search again, and only because of eating meat! My dear aunt, I was still in hot search this morning…… You can’t wait to see that, look at the picture last night broadcast of "filial piety" whirlwind, Zheng Shuang and his father in the street to eat mutton string of good sweet Papa oh! Shuang dad also said, "you eat more meat is filial piety to me.""…… This also can be on the hot search, this net friend has to love dearly little cool…… As the "filial piety" in the whirlwind "cooking responsibility", Zheng Shuang has become the eyes of the audience in the "little gourmet", clever clever and a good cook, who does not love? Although the cooking skills are skilled, but the food is not big, small body of cool sister not only let Zheng dad fuck broken heart, but also let thousands of netizens have shouted small Shuang "eat more rice.""…… Netizens also said, "she was like this, my dad loves dearly."!" "My mother watched the show and said," I do not eat meat is the filial piety of the whole family……" Volume, Xiaobian I love cool sister 30 seconds…… Love net friend 31 seconds…… In fact, such fat, also very cute…… Some friends already could not bear, in the power to explode…… Hahaha, I’m going to eat kebab, and I’m going to have Zheng Shuang baked! Can only say, netizens and eat and cherish ah!   。。。 Yesterday, there are bloggers broke the bright sister and Li Yifeng cooperation, how do you see? "Little fox Xiang Ling Qi Tan" in love Tu Su brother, brother Yang Mi can love wine…… Then two people look forward to what time play scenes ah…… Unexpectedly, finally wait for you…… Since the Xiang Ling and Su Tu brother cooperation "Gu Jian", followed by Jing Bairan, Hawick Lau, Ma Tianyu, Yang Yang, Li Zhongshuo…… How do I think it’s Li Yifeng’s turn?! The two person cooperation is affirmative, just don’t know what to cooperate with Some people say "heirs", but Xiaobian is unlikely; some people say "August Weiyang", generally speaking, the most likely; and was said to be "warm" hyun…… Oh, look at the netizens carefully do the map, you know how much expectations of this pair of cp! What cooperation is not important, important, Xiang Ling can finally and brother together, Su tu! But this is not a hundred percent sure, so they don’t spray spray, please wait for the official propaganda! Then, Xiao Bian will bring you a heavy bomb…… Zheng Shuang and Hu Yanbin are really getting married this time!!! Evidence: and the wedding was in March? Isn’t Wuli really going to marry Hu Yanbin?…… There were rumors that Hu Yanbin and Zheng Shuang had broken up, but Wu Yanbin denied the news

郑爽吃完肉,就要和李易峰合作!和胡彦斌结婚啦!-搜狐   昨天“郑爽”又上热搜了,而且仅仅是因为吃肉!   我滴个亲姑啊,今早热搜竟还在……      知道你们迫不及待,先看看图吧      昨晚播出的《旋风孝子》里,郑爽和爸爸在街边吃羊肉串      好贴心的爸爸哦!      爽爸也说了“你多吃点肉就是孝敬我”……            这样也能上上热搜,这网友们得多心疼小爽啊……   作为《旋风孝子》中的“厨艺担当”,郑爽俨然已经成为了全国观众心目中的的“小小美食家”,乖巧伶俐又烧得一手好菜,谁不喜欢?   虽然料理技能娴熟,但食量不大、身体瘦小的爽妹子不光让郑爸爸操碎了心,也同时让万千网友纷纷呼喊小爽“多吃点饭”……         网友们还说了,   “她瘦成这样子,我爸都心疼!”   “我妈看了节目后说,我不吃肉才是对全家的孝顺……”      额,小编我心疼爽妹子30秒……心疼网友31秒……   其实,这样胖胖的,也挺可爱……      还有的网友已经忍不了了,体内的洪荒之力要爆发了……   哈哈哈,我也要吃烤羊肉串   而且我要吃郑爽烤的!         只能说,网友们且吃且珍惜啊!   。。。   昨天有博主爆料   爽妹子又要和李易峰合作了,你怎么看?      《古剑奇谭》里小狐狸襄铃喜欢屠苏哥哥,可屠苏哥哥喜欢杨幂……那时就期待两人什么时候再演对手戏啊……   没想到,终于等到你……         自从襄铃和屠苏哥哥合作完《古剑奇谭》,随后的井柏然、刘恺威、马天宇、杨洋、李钟硕……   怎么轮我觉得也应该轮到李易峰了吧!         两人合作是肯定的,就是不知道会合作啥?   有人说《继承者们》,但小编觉得不大可能;   有人说《八月未央》,综合来讲,这个可能性最大;   竟然还有人说是《温暖的铉》……呵呵呵   看看网友们精心做的图,就知道大家有多期待了这对cp了!         合作什么不重要,重要的是,襄铃终于可以和屠苏哥哥一起了哎!      但这也不能百分百确定,所以喷子们别喷,等待官宣好吗!      然后,小编又要给大家带来一个重磅炸弹……   郑爽和胡彦斌这次真的要结婚了!!!   证据:         而且婚礼在三月份?   难道wuli小爽真的要嫁给胡彦斌了吗……   此前有传言胡彦斌与郑爽分手,但吴彦斌否认了。当时情况是这样的:   被记者问及现在参加节目会不会耽误感情生活,胡彦斌直言:“工作归工作,感情归感情,不耽误。”而当记者直接问及是否已与郑爽分手时,胡彦斌委婉地表示:“我来参加这个节目,自然分得比较久,但守得也比较牢。”      继续追问是否近期会有婚讯公布时,胡彦斌明显有些招架不住的意思:“我觉得你们需要给大家一点时间,因为你知道中国人的传统,所以你们要给一个时间,不能说一下子就这样(结婚),太狠了。”   意思是要留悬念?   那为啥跨年又出来秀恩爱了!         跨年那天,胡彦斌在朋友圈发了一组图,并配文:努力不分时候,从未想过停歇,美好的2016,zao起来吧   胡彦斌发这个应该是要感谢2015年在他生命里出现的重要的人,最左边的图放大来看长这样,虽然没有大图,你们都知道是谁了吧      看来真的要准备婚礼了!   小编只能默默地祝福了      �������������� ��������������   →关注微信公众号:meimeida66520 了解更多女性资讯相关的主题文章:

After the Spring Festival ushered in the fund issued tide guaranteed fund, QDII fund became the abso 河北大学自考网

After the Spring Festival ushered in the tide of funds issued capital preservation fund QDII Fund – fund into absolute main channel after the Spring Festival, ushered in a wave of fund tide, including preservation, QDII doing my part to become the main varieties. According to Choice data of Oriental wealth network, within 6 weeks of February 15th, there are 15 new issue funds, of which the capital preservation fund accounts for 5, and the QDII fund accounts for 4, while the remaining two are the partial stock hybrid funds. From the issue structure, as the market volatility increases, the fund company issued a guaranteed product enthusiasm, related stock movements are higher than ever. After the Spring Festival in 2015, only one guaranteed fund was issued, and there were no similar products in the same period in 2014. As of February 5th, there are a total of 97 capital preservation fund, the fund size of 206 billion 284 million yuan; the same period last year only 47, the scale of 46 billion 960 million yuan. In 2015, the market fluctuated greatly, and the income of the guaranteed fund went through the bull and bear market was recognized by the market. As of February 5th, investment anda mixed, investment, security, surplus and capital mix in the operation of the last 1 years, outstanding performance, relative to the Shanghai Composite Index rose more than 20%. It is worth noting that, after the festival issued the capital preservation fund is still experienced "big family" as the main. February 15th investment department bursts two Guaranteed Fund – investment Ande guaranteed mixed A, merchants Ande guaranteed mixed C. There are 6 guaranteed capital funds in China Merchants Group, including investment, anda, investment, security, investment, security, investment, security and investment. Another capital preservation issue "big" for SDIC ubs. In February 23rd, UBS SDIC will issue its first 6 Preservation Fund — UBS SDIC Ruixiang preservation fund. Data show that the current UBS Investment Fund (blog, micro-blog) company has brought together 5 preservation fund, at the end of January this year, the capital preservation fund, the total size of 14 billion 300 million yuan, in the whole market preservation fund accounted for nearly 7%. From the historical operation experience, SDIC UBS has guaranteed fund to experience a full guarantee cycle. By the end of the first three years, the total return of the first capital preservation period was 26.06%, and the annual rate of return was 8%. The next week, the market will usher in the security and stability of the national unity and mixed security and security surplus mixed two capital preservation fund. For investors who choose hedging products, professionals remind that they must always hold in the guaranteed period, and the redemption is no longer guaranteed. Affected by the volatility of the pre market market, as of February 5th, 22 guaranteed funds fell below one yuan "security pad"". The capital preservation fund has theoretically a break even strategy. The basic logic of the strategy is to buy bonds and other fixed income products, accumulate some so-called "safety pads", and then invest in equity investments to make flexible money. As the market volatility increases, equity investment fluctuates, and the "safety cushion" will be broken, so investors should pay special attention to the guaranteed cycle. In addition to this category, since January QDII varieties become the meat and potatoes, the amount of emergency funds. Postganglionic South Fund will repeat 4 QDII funds to fill the market demand. In February 15th, the south line of 4 QDII Fund – South Asian dollar bonds together.

春节后迎来基金发行潮 保本基金、QDII基金成绝对主力-基金频道   春节过后,迎来一波基金发行潮,其中保本、QDII成为当仁不让的主力品种。据东方财富网Choice数据,2月15日起的一周内,有15只新发行基金,其中保本基金占5家,QDII基金占4家,其余6只为偏股混合基金。  从发行结构可见,随着市场波动加大,基金公司发行保本产品热情 相关公司股票走势 比以往任何时候都高。2015年春节后一周,仅发行一只保本基金,2014年同期没有同类产品在发。截至2月5日,目前共有97只保本基金,基金规模为2062.84亿元;去年同期仅47只,规模为469.60亿元。整个2015年市场起伏较大,保本基金穿越牛熊的收益深受市场认可。截至2月5日,招商安达混合、招商安盈保本混合在近1年的运作期内表现突出,相对上证指数涨幅逾20%。  值得注意的是,节后发行保本基金的依然以有经验的“大户”为主。2月15日招商系连发两只保本基金――招商安德保本混合A、招商安德保本混合C。招商系旗下已有6只保本基金――招商安达、招商安弘、招商安润、招商安益、招商安盈、招商境远。另外一家保本发行“大户”为国投瑞银。2月23日,国投瑞银将发行旗下第6只保本基金――国投瑞银瑞祥保本基金。数据显示,目前国投瑞银基金(博客,微博)旗下已汇集5只保本基金,截至今年1月底,公司保本基金规模合计143亿元,在全市场保本基金中占比近7%。从历史运作经验来看,国投瑞银旗下有保本基金经历完整保本周期。截至第一个三年保本周期结束,国投瑞银瑞源第一个保本周期总回报率达26.06%,年化收益率达8%。未来一周,市场还将迎来国联安安稳保本混合以及安信安盈保本混合两只保本基金。  对于选择避险类产品的投资者,专业人士特别提醒,在保本周期内必须始终持有,中途赎回则不再享有保本待遇。受节前市场波动加剧影响,截至2月5日,22只保本基金跌破一元“安全垫”。保本基金在理论上有个保本策略,该策略基本逻辑是先购买债券等固定收益类产品积累一些所谓的“安全垫”,然后再去做权益投资赚弹性的钱。随着市场波动加大,权益投资随之起伏,“安全垫”也就会被打破,因此投资者需格外关注保本周期。  除了保本类,1月以来QDII品种成为香饽饽,多只基金额度告急。节后南方基金将连发4只QDII基金填补市场需求。2月15日,南方系4只QDII基金齐发――南方亚洲美元债(QDII)人民币A、南方亚洲美元债(QDII)人民币C、南方亚洲美元债(QDII)美元现汇A、南方亚洲美元债(QDII)美元现汇C。Choice统计显示,春节休市前一周,过半QDII产品录得正收益。今年以来表现最突出QIDD当属黄金QDII:添富黄金、嘉实黄金、诺安全球黄金、易方达黄金,净值涨幅超过8%。2013-2015年春节期间,QDII整体取得正收益,表现最突出的分别为重点布局港股市场、油气类、大宗商品类产品。但市场热点板块难以捕捉,相较之下,货币类和商品类更适合用来规避汇率风险。相关的主题文章:

Futures Limited investors moved to A50 and HSI brokerage self plate streaking losses 龙之飞翔全文阅读

Futures Limited investors moved to A50 and HSI brokerage streaking self plate hot column Jukui capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click on [I want to complain], Sina help you expose them! Reporter Dong Peng reported in Chengdu in June 29, 2015. IF1507 had a record turnover of 2 million 882 thousand hands of the historical record, and in recent years the main futures daily turnover has remained in the hands of 20 thousand, a decline of up to 99%. By September, A shares were still hovering around 3000. Shanghai refers to this point and last year at this time not much difference between, while Futures Limited after a year has been "Rainbow Night". During the A stock crash last year, gold issued a number of restrictive measures. In September 7, 2015, the first day of the implementation of the new regulations, the main futures contract IF1509 volume from the previous day’s 595 thousand, dropped to 38 thousand hand. Since then, the single day turnover return to 20 thousand following the hand. One year later, show Futures Limited "legacy", the market liquidity dropped, hedge loss, mechanism of stock positions decreased, some investors more to Singapore A50, Hongkong’s Hang Seng Index Futures futures. Twenty-first Century Economic Herald reporter noted that the agency lost hedging instruments in the first half of a substantial loss, which is typical of CITIC Securities (600030.SH) and Orient Securities (600958.SH) self drive losses. "The market since April 2010, futures trading volume and open interest, steady growth, especially in the phase of the bear market before 2014, hedging function into full play, while the market volatility has been decreased." Liu Bin, deputy general manager of CITIC futures investment advisory department, commented in September 5th. Southwest Futures Research Center General Manager history lidar 5 said "no", if the index of stock funds holding period will be extended, not only help to reduce market volatility, while the Alfa strategy based institutions will be re admitted, it will increase the demand for stock configuration, "for a long time will not change the market trend, short-term in the positive bias." The 99% increase in turnover dropped fees, deposit, exchange is always used to suppress the overheated market Shazhao, but suffered far more than the index of all. 7 2015 31, announced on the gold futures, arbitrage and speculative trading customers individual contract daily withdrawals behavior more than 400 times, since the turnover behavior of more than 5, which was identified as "abnormal trading". However, these measures failed to save the market, and the stock index plunged 8.49% again in August 24, 2015. Subsequently, the gold moves again: investors in a single variety, open daily trading volume of more than 100 hands that were identified as abnormal trading. In September 2, 2015, the gold standard will be more direct abnormal transactions increased to more than 10 single day open hand, and will keep non set up from 30% to 40% margin positions. On

期指受限投资者转战A50和恒指 券商裸奔自营盘巨亏 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪基金曝光台:信披滞后虚假宣传,业绩长期低于同类产品,买基金被坑怎么办?点击【我要投诉】,新浪帮你曝光他们!   本报记者 董鹏 成都报道   导读   2015年6月29日IF1507曾创下成交288.2万手的历史纪录,而近一年来期指主力单日成交量始终维持在2万手以下,降幅高达99%。   时至9月,A股仍在3000点左右徘徊。沪指的这一点位与去年此时相差无几,而受限一年后的期指则已“冰火两重天”。   去年A股暴跌期间,中金所连续发布多项限制性措施。2015年9月7日,新规执行首日,期指主力IF1509合约成交量从上一交易日的59.5万手,锐减至3.8万手。自此,期指单日成交回归到2万手以下。   时隔一年,期指受限的“后遗症”显现,市场流动性锐减、避险工具缺失、机构股票仓位降低,部分投资者更转投新加坡A50期货、香港恒指期货。   21世纪经济报道记者注意到,失去避险工具的机构上半年出现了较大幅度亏损,其中较为典型的便是中信证券(600030.SH)和东方证券(600958.SH)自营盘巨亏。   “2010年4月上市以来,期指成交量、持仓量平稳增长,尤其是在2014年之前的熊市阶段,避险功能得到充分发挥,同时市场的波动率也在不断减小。”中信期货投资咨询部副总经理刘宾9月5日评价道。   西南期货研发中心总经理史光达5日表示,若期指“松绑”,存量资金的持股周期将延长,不仅有利于降低市场波动,同时以阿尔法策略为主的机构也会重新进场,这会加大对股票现货的配置需求,“长期不会改变市场走势,短期内偏向利好。”   成交量降幅99%   调高手续费、保证金,历来是交易所用来抑制市场过热的杀招,只是期指所遭遇的一切要远甚于此。   2015年7月31日,中金所宣布,对期指套利、投机交易客户单个合约每日报撤单行为超过400次、自成交行为超过5次,即被认定为“异常交易”。   不过,上述措施未能拯救市场, 2015年8月24日沪指再次暴跌8.49%。随后,中金所再度出招:投资者在单个品种、单日开仓交易量超过100手即被认定为异常交易。2015年9月2日,中金所更直接将异常交易认定标准提高至单日开仓超过10手,并将非套保持仓保证金从30%上调至40%。   “手续费、保证金太高了,根本没法操作。去年交易所限仓后,就把资金转出了一部分,剩下小部分资金做些商品期货”。安徽资深期指投资者王军(化名)9月5日告诉记者。   这并非个例。“我有一个做股票出身的客户,开户就是为了做期指,保证金最高时有800万,并且可以做到每月20%到30%的盈利,去年9月,他将资金转出投向股市和外盘期货了。”郑州一家期货营业部市场开发人员9月5日介绍。   他透露,期指受限后,部分期货公司很快便提供通过香港子公司开立外盘账户的服务,很多期指投资者转为操作新加坡A50期指、香港恒指期货,“当时郑州一家老牌营业部,单月开立的外盘账户达70个。”   打开期指主力连续K线图可以清晰的看到,自2015年9月7日以来,代表成交量的柱状图出现了一段长长的“空白”地带。上述K线图所代表的正是,极度缩量的IF主力合约。数据显示,2015年6月29日IF1507曾创下成交288.2万手的历史纪录,而近一年来期指主力单日成交量始终维持在2万手以下,降幅高达99%。   “对历史数据进行测算后发现,期指上市后的5年时间里,沪深300指数波动率有所下降”,史光达介绍称,目前尚无直接证据表明,期指会加剧股票市场的波动。   与投资者接触频繁的刘宾表示,从投资者的角度看,他们希望是越市场化越好,甚至不仅要尽快放开期指,更要进一步丰富风险管理工具。   “期指上市后的表现,证明了此前模式可行”,刘宾指出,由于市场未经历类似情况,逐步松绑可能会出现其他意想不到的情况,所以不如直接恢复到去年7月前的状态,这样风险也更小些。   史光达认为,市场平稳时选择放开期指较为合适,但目前一放到底的可能性不大。   华南一家期货公司副总经理9月6日则表示,“单个品种日内开仓交易量放到30手,对市场不会产生什么影响。”   后遗症   “去年高峰时,营业部保证金达到2.7亿元,但期指受限后,很多客户开始出金,加上资管产品到期,保证金规模已降至8000万左右。”华东一家期货营业部经理9月6日向记者表示。   “去年精力都放在开发期指客户、发行资管产品上了,但今年市场情况变化很大,所以也在考虑将业务重心回归到产业投资者的开发上,至少要先保证营业部的员工有饭吃。”山东一家期货公司营业部经理9月6日介绍道。   去年四季度至今,多数期货营业部都遭遇了保证金下滑的困境,带来的最直接后果便是业绩下滑。以中信证券子公司中信期货为例,其今年上半年实现营收5.19亿元、净利润1.89亿元,较去年同期分别下降17%和14.9%。   另一个直接影响便是,期指成交量锐减所带来的流动性下滑。   21世纪经济报道记者统计发现,2015年9月7日至2016年9月5日,沪深300指数期货日均成交持仓比为0.45,而在期指上市的5年时间里,这一数字多数时间维持在8左右,甚至去年市场大幅震荡期间更是超过20。   今年5月31日早盘,IF1606、IF1607合约曾毫无征兆地突然跌停。对此中金所公告称,“经查,是由于某套保客户398手市价卖出委托连续成交,并触发市场技术性卖盘所致。其间,交易对手高度分散。”如果在以前,数百手空单显然无法将期指打到跌停。   前述华南期货公司副总经理介绍称,受单日开仓交易量不得超过10手的限制,现在机构只能分批建仓,价格又难以把握,导致很多交易策略无法执行。   “这一年来,最大的感受就是市场功能发挥大不如前”,刘宾向记者表示,首先是避险功能的缺失,流动性不足导致机构套保难度增加,同时期指处于贴水状态,直至交割前基差开始回归,这吃掉了套保盘的一部分利润。同时,机构投资者无法通过期指对冲风险,只能减小仓位进场,并通过卖出股票的方式来规避市场风险。   套保难度的增加,也使机构投资者从期指上大批撤离,最终使其股票现货头寸面临“裸奔”的风险。   其中最为典型的便是券商自营盘,中信证券和东方证券上半年自营业务分别亏损55亿元和10亿元,而这亦与避险工具的缺失不无关系。   据接近中信期货人士介绍,2012年至2013年期间,为了提升子公司保证金规模、对冲自营盘风险,中信证券曾放有20至30亿的套保盘在中信期货。   虽然如今中信证券自营盘规模无从得知,但从半年报数据中却可以看出,期货持仓盈亏金额大幅降低,与之相对应的可能便是自营盘规模的缩减。   中信证券半年报显示,2016年1-6月,本集团未到期的期货合约之累计公允价值变动为-769.2万元,而去年同期则为10.92亿元。   (编辑:巫燕玲) 进入【新浪财经股吧】讨论相关的主题文章:

Yang Wenjun succeeds Liu Haifeng KKR China leads a new head 误入陷阱的小茉莉

Yang Wenjun took over Liu Haifeng KKR, China’s new head of Humanities Yang Yang KKR announced today that Yang Wenjun will be president of Greater China since January 2017. KKR announced a series of personnel changes a few weeks ago. KKR global partner, former Asia private equity joint manager and President of Greater China, Mr. Liu Haifeng and another KKR global partner, Mr. HUAYU will leave the company at the end of this year, and transferred to KKR consultant. Yang Wenjun currently serves as president and CEO of China development gold control. Yang Wenjun investment management group, and 7000 in Hongkong, led the distribution of Taipei, Shanghai, Seoul, Singapore, Bangkok and Jakarta staff operations team. China is one of the largest and most historically regional merchant banks in Asia, with $about 20000000000 in management. He joined the China development gold control in 2005, served as chief investment officer and director of private equity business, and was promoted to the position in 2011. During his tenure, he helped China develop the success of the transformation, and successfully transformed its private equity business into a high growth asset management platform. He successfully completed a series of strategic acquisitions in the field of Finance and securities. Since its entry into Asia in 2005, KKR has completed more than 60 private equity transactions in the region and invested more than $10 billion. Currently, KKR has 7 offices in the Asia Pacific region. More exciting content, welcome to pay attention to WeChat public number: Tencent Finance (financeapp).

杨文钧接替刘海峰 KKR中国来了新掌门人文 杨杨KKR今日宣布杨文钧将自2017年1月起出任大中华区总裁。KKR数周前宣布了一系列人事调整。现任KKR全球合伙人,前亚洲私募股权业务联席主管及大中华区总裁刘海峰先生与另一位KKR全球合伙人华裕能先生将于今年年底离职,并转任KKR公司顾问。杨文钧目前担任中华开发金控的总裁兼CEO。杨文钧为集团管理投资,并领导分布在香港、台北、上海、首尔、新加坡、曼谷和雅加达的7,000员工的运营团队。中华金控是亚洲最大和最具历史的区域性商人银行集团之一,旗下管理200多亿美元资。他于2005年加入中华开发金控,担任首席投资官和私募业务主管,并于2011年晋升至今日之职,任职期间帮助中华开发金控成功转型,成功将其自有私募业务转型为高速增长的资产管理平台。他成功完成了一系列在金融和证券领域里的战略性收购。自2005年进驻亚洲以来,KKR已在该地区完成了逾60项私募股权交易,投入超过100亿美元资金。目前KKR在亚太有7个办事处。更多精彩内容欢迎搜索关注微信公众号:腾讯财经(financeapp)。相关的主题文章:

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