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Shenlian (Guangzhou) blockchain Technology Co., Ltd. is a limited liability company (invested or controlled by natural person) registered on September 4, 2018, with its registered address at room 1607-1609, cairun international building, No. 2, Dongguan Zhuang Road, Tianhe District, Guangzhou (office use only)
the unified social credit code / registration number of Shenlian (Guangzhou) blockchain Technology Co., Ltd. is 91440101ma5cbnb180. Yan Yinglong, the legal person of the company, is currently in business
the business scope of Shenlian (Guangzhou) blockchain Technology Co., Ltd. is: Internet blockchain technology research and development services; Network information technology promotion service; Software technology promotion service; Information technology consulting service; Technical services (excluding license approval items); Electronic proct design service; Data processing and storage proct design; Business consulting service; E-commerce information consultation; Marketing planning service; Planning creative services; Corporate image planning services; Organization and planning services for large-scale activities (large-scale activities refer to parties, sports meetings, celebrations, art and model competitions, art festivals, film festivals, public welfare performances, exhibitions, etc. activities requiring special approval shall be operated after obtaining approval); Business management services (except those involving licensed business projects); and; Enterprise management consulting service; Enterprise financial consulting service; advertising; Photography services; Logo, signboard design, installation services; Packaging and decoration design services; Decoration design services; Booth design services; Cultural promotion (excluding licensed business projects)
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Central Hospital
the doctors are so impatient!
This kind of economic crisis happens almost every ten years or so
since the first widespread economic crisis of overproction occurred in 1825, the following years were 1836, 1847, 1857, 1866, 1873, 1882, 1890 and 1900. In the free competition stage of capitalism and the transition period to monopoly capitalism, this kind of economic crisis will happen almost every ten years or so
In the 20th century, after the 1900 crisis and before the Second World War, there were economic crises in 1907, 1914, 1921, 1929-1933 and 1937-1938, almost every seven or eight years The reasons for the periodicity of the crisis should be found from the movement and changes of the market economy. Although this basic contradiction runs through the whole process of economic and social development, it is not always in a serious intensification, but sometimes sharp, sometimes relaxed, showing a state of wavy development The economic crisis is the proct of the intensification of this contradiction to a certain extent, which in turn temporarily and forcibly alleviates this contradiction through the destruction of proctive forces. But crisis can not eliminate contradictions. After one crisis, with the recovery and development of economy, its basic contradictions will graally re intensify, making another crisis inevitable As Engels said, "the contradiction can not be solved before the capitalist mode of proction itself is destroyed, so it becomes cyclical. Proction has created a new "vicious circle."sometimes investors are irrational (the famous three collapses in History)
although the collapse story happened in the Netherlands in 1636 has been more than 360 years, it is still the best example for people to understand the irrationality of investors. One of the most significant aspects of this story is that although it is one of the biggest crashes in the history of the world's securities trading, although it has put the whole country into hysteria, and although the consequences are bankruptcy and depression, the investment object is neither stocks nor bonds or commodity futures, but tulip bulbs
tulips first appeared in Europe in 1559. At that time, Senator Howard was very fond of collecting exotic flowers and plants. A friend sent him a box of tulips from Constantinople. He planted these tulips in his garden in Augsburg, Germany. These tulips attracted a lot of attention. In the following years, tulips became more and more popular in the upper class, especially in Germany and the Netherlands. It has become a fashion to order tulips from Constantinople at a very high price. By 1634, this fashion became more and more popular. From that year on, the rich class in the Netherlands believed that the lack of tulips was a symbol of no taste
tulip prices rose year by year, and finally reached astronomical figures. According to the original records of the most fanatical time, for a rare and expensive tulip called "the eternal Augustus", the price of each bulb is equivalent to 4600 Florin (then the Dutch monetary unit), a new carriage, two mares, and a complete harness. In those days, a fat bull was worth 120 florins, and 4600 was a fortune. Tulip, another rare variety called governor, costs 24 carts of grain, 8 pigs, 4 cows, 4 barrels of beer, 1000 pounds of cream and a few tons of milk. In 1636, the demand for tulip bulbs soared, and people began to trade in several cities in the Netherlands. It's not only the rich who buy tulip bulbs, but also agents and speculators. Even if there is a slight drop in price, they buy and then sell for a profit. In order to promote margin trading, tulip bulb options trading also came into being, margin can be as low as 10% - 20%. Ordinary people from all walks of life also began to sell their own assets and invest in this very attractive market
the prosperity of Jinxiang in the Netherlands also attracted foreign attention, and capital began to flow into this market. This capital not only raised the price of tulip, but also raised the price of land, real estate and high-end consumer goods. With the expansion of wealth, some upstarts also joined the ranks of the upper class. These upstarts get rich by speculating on tulips, and put their money into tulip business. It is said that a winemaker in Utrecht was willing to sell his winery for three tulip bulbs
in September and October, a feeling of long absence begins to spread: confusion and doubt. How can we be sure that three tulip bulbs compete for the price of a brewery? People began to hold back their smiles. Who said tulip bulbs have unlimited value?? As a result, the market panic, prices began to collapse
many upstarts have to face the cruel fact that they only have tulip bulbs that no one wants, let alone repay the broker's cash loan. The government had to seek a compromise. It declared that all tulip contracts signed before 1636 were invalid, while contracts signed after 1636 were only executed at 10% of the original price. However, the actual price is lower than 10%, and more and more people go bankrupt. It was not until many years later that the Netherlands graally recovered from the great depression after the tulip crash
the second example of market irrationality of ecational significance is the speculative events in 18th century England. In 1841, Charles? Michael describes it in his memoirs of the wildly popular hallucinations and mass insanity< The br / > later known as the "South China Sea bubble" was founded in 1711, when the cow Earl became a South Sea Co, and some businessmen from that era gave financial support (the official full name of the company was "to promote the development of the 39 fisheries companies in the South China Sea and other parts of the Americas"). The company is backed by 10 million pounds of British government bonds with an annual interest rate of 6%, and monopolizes trade with Latin America
shortly after the establishment of the company, rumors abound about its extremely high and unbelievable profitability in business. At that time, British commodities could trade directly with the gold and silver of Peru and Mexico, while the gold mines of Peru and Mexico were "inexhaustible". In fact, the Spanish colonial authorities only allowed one British ship to dock each year, with a quarter of the profits and 5% of the goods as collateral. In the stock exchange, the performance of Nanhai company's stock is flat, and the price often fluctuates only two or three points in a month< In 1717, the king of England suggested that the national debt could be "privatized" again. The two largest financial institutions in the country, the Bank of England and Nanhai company, both put forward their own proposals. After heated discussion in Congress, they finally voted to allow Nanhai company to operate with more liabilities, with an annual interest rate of 5%. However, what happened in France in 1719 had a great impact on the British company. An extremely clever man named John? Luo's people set up a company called "Western Association" in Paris to engage in the colonization, development and trade of Mississippi in North America. Speculation on the company made its share price rise from 466 francs on August 9, 1719 to l705 francs on December 2. In addition to the Frenchman, there are also crazy foreigners, so the British envoy asked her Majesty's government to take measures to prohibit the flow of the British fund to the French stock exchange's "Mississippi bubble". The Mississippi bubble peaked on 2 December 1719, and the subsequent collapse triggered massive capital flow back to Britain to find the next operational goal.
the Mississippi incident provides a wonderful opportunity for the holders of shares in the South China Sea Company of the United Kingdom, who are now willing to accept all the debts of the United Kingdom. On January 22, 1720, the house of Commons set up a committee to consider the proposal. Despite many warnings, the house of Commons passed the bill to Congress on February 2. The proposal to further promote the capitalization of Nanhai company was cheered by investors. In a few days, the share price rose to 176 pounds, including the contribution of French capital. While the bill was still under debate, new rumors began to spread again, and the company's profits were so good that its share price rose further to 317. On April 7, 1720, the bill was finally passed. But the next day, investors took profits and the share price fell from 307 to 278
even at this price level, the founders and partners of the company can still obtain investment income, which is huge by the standards of that era, not to mention the fact that it is a company that has ceased its activities. However, this further stimulated their appetite, and on April 12, new rumors began to appear that they would issue 1 million pounds of new shares at the price of 300 pounds per share. The IPO went through two public subscription. A few days later, the share price rose to 340. The company immediately announced that both new and old shares would receive a 10% dividend per share, while the parent company would issue another 10 million pounds of new shares at a price of 400 pounds per share. This time, it was also oversubscribed, but the company itself was still at a standstill
in 1717, 1720, South Sea Co bubble greatly stimulated entrepreneurship. A new phenomenon appeared in the stock market: more and more stocks offered new "concept stocks". There are many companies like "Western Association" and "Nanhai company", which do nothing but sell plans, concepts and hopes. These companies have no real business at the time of registration and are managed by novices in the planned business areas. People are snapping up stocks and prices are soaring. Stock speculation is more than just a game for the rich: everyone, young and old, is in. These companies soon got the popular name "bubble", because the founders of the company sold their holdings in a few days or weeks in order to make huge profits. The rest of the poor investors are locked up in high prices, and the company is dead in name< On June 11, 1720, the king declared that some of these companies were "public pests" and prohibited trading in their shares. Violators would be fined. There are 104 banned companies, including the following fictitious business activities:
● improving soap making process
● silver is extracted from lead
● buy and assemble ships to eliminate pirates
● convert mercury into fine malleable metal
despite the government's efforts to curb bubbles, the new bubble is still occurring every day, and speculation continues to heat up. In May 28, 1720, South Sea Co, the largest bubble, had a stock price of 550. This price has exceeded our imagination. The price in June exceeded 700 pounds. During this period, the stock price has changed dramatically. At noon on June 3, the price fell to 650 pounds and rose back to 750 pounds in the afternoon. Many big investors take advantage of this summer's high prices to sell stocks, and then put the profits into other instries, including land, commodities, real estate and other stocks. However, other investors who bought shares of Nanhai company, including physicist Isaac? Newton, in the early rising stage of Nanhai company's stock price, he sold all the shares and made a profit of 5000 pounds. But in the middle of the summer, he bought it back, and the deal cost him 20000
at the beginning of June, the share price of Nanhai company reached a new high. After a short dizzy change, on June 24, 1720, the share price of Nanhai company reached 1050. Only a few people understand that the time is not far away for investors to escape. Those who understand are the founders and board members of the company. They use the high stock price this summer to sell their shares successfully. By the beginning of August, the truth of the company had begun to be revealed to ordinary investors, and the stock price had fallen step by step
on August 31, the company's management announced that it would pay 50% of the annual dividend for 12 consecutive years. This will completely hurt the short companies, but it does not rece the growing tension and anxiety of investors. On September 1, share prices continued to fall. Two days later, the share price fell to 750. The crash began. The stock price plummeted for the rest of the month. On September 24, Nanhai company bank announced bankruptcy, and the stock price began to accelerate its decline. On the last day of the month, the share price was 150 pounds, down 85% in a month< After the collapse of Nanhai company, banks and securities brokers were besieged. Many people borrowed from banks to buy a large number of shares of Nanhai company, and the financial sector suffered a series of bankruptcy storms. Nanhai company was dissolved in 1855. The company's shares are converted into government bonds. In its 140 year history, the company has never really succeeded in engaging in any scale of trade in the South China Sea
the third is ecation