Digital currency Goldman Sachs
Publish: 2021-05-25 12:08:21
1. The original text is as follows:
with the upgrading of payment methods, we can eat, take a taxi and go to the supermarket without cash. The amount of cash needed in circulation is getting smaller and smaller. Can we replace paper money with a virtual digital currency? This is not a whim. The central bank recently said that the research on digital currency has achieved phased results, striving for the early issuance of digital currency. If the digital currency is successfully issued, it will not only make people's living and payment more convenient, but also increase the transparency of economic transaction activities for the country. So, how far is digital currency from us< Not long ago, the people's Bank of China revealed that a special research team had been set up in 2014 to conct in-depth research on digital currency issuance and business operation framework, key technologies of digital currency, issuance and circulation environment, etc
what is digital currency? Many people may be unfamiliar with this. There is no official definition of digital currency. According to the instry, the digital currency referred to by the central bank should be the electronization of RMB. At present, people's daily third-party payment behaviors such as bank transfer and yu'ebao are all related to digital currency. Digital currency in a broad sense includes unofficial virtual currency, such as bitcoin, which was popular before
here we also need to mention a new term called "blockchain technology", which is a new technology of the Internet. Digital currency is supported by blockchain technology, which is characterized by "decentralization", that is, taking away the centralized control of an institution over the issuance of currency. Yu Fenghui, a financial critic, said that the trust problem in the virtual economic system can be solved through blockchain technology. Taking bitcoin as an example, it is not issued by a specific monetary institution, but is generated by the transaction volume of network nodes, and is single, traceable and traceable after it is put into circulation. All funds are very transparent where they come from and where they go
a more familiar form of digital currency should be electronic RMB, which has infiltrated into various consumption scenarios of electronic payment. There is no need to repeat the impact and subversion of electronic payment on our lives. Credit card payment and code scanning payment have greatly reced the space for the use of paper money. It can be seen that the progress of technology has graally forced the withdrawal of paper money
the new favorite of the financial system
the attitudes of all countries towards digital currency are changing. It is reported that DNB, Norway's largest bank, recently called on the government to stop using cash completely. In fact, several banks in Norway have closed some branches' cash business. Only three branches of DNB have counter cash business. Other Norwegian banks are also phasing out cash transactions. According to statistics, only 6% of Norwegians still use cash every day, most of them are the elderly
not only Norway, but also the world is moving towards the era of digital currency. According to Xiao Lei, chief researcher of gold wallet, many institutions, including Nasdaq Stock Exchange, Goldman Sachs and modern, began to invest in the research because of the continuous impact of digital currency represented by bitcoin on the world financial system. It is found that the blockchain technology used in digital currency can bring convenience and rece costs to many institutions, and there are cases that can be applied to the real economy. This gives more countries and institutions the incentive to invest in blockchain technology and digital currency
in China, some institutions have shown great interest in it and invested in research. It is understood that Alibaba Finance announced that it may provide a cloud service platform based on blockchain technology
digital currency is sought after and favored because there is no real "world currency" in the current global market. It is understood that although the US dollar is currently the most widely used currency in the world, not every country readily accepts the US dollar as the world currency. Xiao Lei said that the world currency should be like gold, with the characteristics of "de nationalization". Digital currency can even be regarded as gold in the gold standard era, and is expected to become the "general equivalent" in the Internet era in the future
the application space is broad
it is not difficult to see that digital currency is highly expected. Instry insiders said that once digital currency comes out, it will be applied to many fields
from a national perspective, the "trace" and "traceability" of digital currency can improve the convenience and transparency of economic transactions. Yu Fenghui said that money laundering, tax evasion and other criminal activities are expected to decrease. At the same time, with the application of blockchain technology, a unified account book will be established nationwide and even worldwide, so that every sum of money can be traced, every transaction can be traced, tax evasion and money laundering will be within the scope of supervision, and it is even possible to realize automatic tax dection on the card machine
for the central bank, digital currency can rece the high cost of traditional paper money issuance and circulation, and solve the problem of currency over issuance and inflation caused by the central bank's centralized control of currency issuance right. Bai Chengyu, Secretary General of China microfinance Union, said that digital currency can generate a certain amount of transaction volume according to the transaction demand of real economy generated by the public in the transaction process“ This form of digital currency may be automatically generated by the blockchain system and issued according to the transaction volume, which can avoid the inflation caused by over issuance. "
in addition, digital currency helps to build a new financial infrastructure. For example, digital currency will make the credit accumulation and archives of all people traceable and accessible, which is of great significance to promote the construction of credit system. Yu Fenghui said that after the promotion of digital currency, from the perspective of social credit accumulation, enterprises and consumers will tend to use digital currency and swipe cards for consumption, because electronic transactions have data traces, which can accumulate the credit of enterprises and indivials, which will become the basis for obtaining financial services such as banks< In addition to helping the state to regulate and improve the financial system, digital currency is closely related to people's life. It is not only the convenient payment that people have felt, but also reflected in many aspects
first of all, it is very difficult to have counterfeit money in the market. According to Bai Chengyu, one of the characteristics of blockchain is transparency. The issuance of digital currency needs to be certified, so it is difficult to forge
as well as counterfeit money, there should be the problem of plundering the wealth of people and enterprises in local areas, which will be fundamentally solved by digital currency. Bai Chengyu said that compared with the previous state's decentralization of poverty alleviation funds to local governments, some governments have the phenomenon of "evasion", which leads to the fact that some poverty alleviation objects can not get the funds“ At the beginning, it was cash distribution, and later it was bank transfer. However, there was a problem that there were not many bank outlets in some remote areas, and people had to walk a long way to get money. If there is a digital currency, there is no need to withdraw cash for consumption and payment, and it will be easier to monitor capital flow. "
moreover, the use of digital currency will rece financial transaction costs. Bai Chengyu said that before, the inter-bank settlement of banks had to charge service charges, because the settlement center required each bank to keep a part of the capital to balance its position. This part of the capital occupied the bank's funds, and the bank would spread the cost to the people, that is, to charge for the inter-bank settlement business. The "decentralized" payment and clearing system under the blockchain technology will facilitate the settlement between banks and further rece the transaction cost of people's payment
the next step of "de centralization" is "de intermediation", which will simplify many current financial business proceres, such as foreign exchange. Bai Chengyu said that previously, foreign exchange clearing had to go through banks and other clearing institutions, which increased the exchange cost and time interval. Now, the international community has tried to use blockchain technology to develop a new international currency exchange system, which can realize the "de centralized" exchange of currency and "de intermediary" in the future
resistance to implementation
although many countries and institutions are actively developing digital currency and blockchain technology, and people are full of expectations for it, even if digital currency is really issued, it will still face some resistance to implementation
technically, because blockchain is an Internet technology, "hacker" risk is taken into account. The bigger problem, though, is control. Many people in the instry said that bitcoin is essentially different from the digital currency to be launched by the central bank. Bitcoin is not issued by a specific monetary institution, and the relevant financial supervision has not been followed up, so there is a large capital risk. However, the digital currency to be launched by the central bank this time belongs to the official currency and is protected by the central bank. Because bitcoin is not uniformly issued by the central bank, it has not been recognized by many countries. The central bank values whether digital currency is controlled or not
in addition, as mentioned above, even as a leading country in digital currency promotion, Norway still has 6% of the elderly people who are difficult to get rid of paper money, which is undoubtedly a problem that can not be ignored by all countries. Xiao Lei said that digital currency will first be targeted at young people and promoted in some areas. It will not turn all the money in the cash flow into digital currency. This needs to consider the coordination between digital currency and paper money and people's willingness to use them
there is bound to be an adaptation process from paper money to digital currency, and the road of its reform will be very long, but it can be seen that digital currency will inevitably form a development trend. Bai Chengyu said that technological innovation will overcome the problems in reality, just like going to a bank to do business now. If it does not involve cash, the lobby manager will recommend customers to ATM and other self-service equipment. This is a good proof that technological innovation has replaced labor in the past. Now the application of mobile phone is also very simple. It can be predicted that the technology will continue to update in the future. The use of electronic channels, digital currency and other procts in the new era will become a trend
Beijing Business Daily reporter Liu Zexian Cheng WeiMiao
of course, the central bank's digital currency is different from bitcoin, wikilink, bitcoin cash, Ethereum and other digital currencies on the market. The central bank's digital currency has the property of currency.
with the upgrading of payment methods, we can eat, take a taxi and go to the supermarket without cash. The amount of cash needed in circulation is getting smaller and smaller. Can we replace paper money with a virtual digital currency? This is not a whim. The central bank recently said that the research on digital currency has achieved phased results, striving for the early issuance of digital currency. If the digital currency is successfully issued, it will not only make people's living and payment more convenient, but also increase the transparency of economic transaction activities for the country. So, how far is digital currency from us< Not long ago, the people's Bank of China revealed that a special research team had been set up in 2014 to conct in-depth research on digital currency issuance and business operation framework, key technologies of digital currency, issuance and circulation environment, etc
what is digital currency? Many people may be unfamiliar with this. There is no official definition of digital currency. According to the instry, the digital currency referred to by the central bank should be the electronization of RMB. At present, people's daily third-party payment behaviors such as bank transfer and yu'ebao are all related to digital currency. Digital currency in a broad sense includes unofficial virtual currency, such as bitcoin, which was popular before
here we also need to mention a new term called "blockchain technology", which is a new technology of the Internet. Digital currency is supported by blockchain technology, which is characterized by "decentralization", that is, taking away the centralized control of an institution over the issuance of currency. Yu Fenghui, a financial critic, said that the trust problem in the virtual economic system can be solved through blockchain technology. Taking bitcoin as an example, it is not issued by a specific monetary institution, but is generated by the transaction volume of network nodes, and is single, traceable and traceable after it is put into circulation. All funds are very transparent where they come from and where they go
a more familiar form of digital currency should be electronic RMB, which has infiltrated into various consumption scenarios of electronic payment. There is no need to repeat the impact and subversion of electronic payment on our lives. Credit card payment and code scanning payment have greatly reced the space for the use of paper money. It can be seen that the progress of technology has graally forced the withdrawal of paper money
the new favorite of the financial system
the attitudes of all countries towards digital currency are changing. It is reported that DNB, Norway's largest bank, recently called on the government to stop using cash completely. In fact, several banks in Norway have closed some branches' cash business. Only three branches of DNB have counter cash business. Other Norwegian banks are also phasing out cash transactions. According to statistics, only 6% of Norwegians still use cash every day, most of them are the elderly
not only Norway, but also the world is moving towards the era of digital currency. According to Xiao Lei, chief researcher of gold wallet, many institutions, including Nasdaq Stock Exchange, Goldman Sachs and modern, began to invest in the research because of the continuous impact of digital currency represented by bitcoin on the world financial system. It is found that the blockchain technology used in digital currency can bring convenience and rece costs to many institutions, and there are cases that can be applied to the real economy. This gives more countries and institutions the incentive to invest in blockchain technology and digital currency
in China, some institutions have shown great interest in it and invested in research. It is understood that Alibaba Finance announced that it may provide a cloud service platform based on blockchain technology
digital currency is sought after and favored because there is no real "world currency" in the current global market. It is understood that although the US dollar is currently the most widely used currency in the world, not every country readily accepts the US dollar as the world currency. Xiao Lei said that the world currency should be like gold, with the characteristics of "de nationalization". Digital currency can even be regarded as gold in the gold standard era, and is expected to become the "general equivalent" in the Internet era in the future
the application space is broad
it is not difficult to see that digital currency is highly expected. Instry insiders said that once digital currency comes out, it will be applied to many fields
from a national perspective, the "trace" and "traceability" of digital currency can improve the convenience and transparency of economic transactions. Yu Fenghui said that money laundering, tax evasion and other criminal activities are expected to decrease. At the same time, with the application of blockchain technology, a unified account book will be established nationwide and even worldwide, so that every sum of money can be traced, every transaction can be traced, tax evasion and money laundering will be within the scope of supervision, and it is even possible to realize automatic tax dection on the card machine
for the central bank, digital currency can rece the high cost of traditional paper money issuance and circulation, and solve the problem of currency over issuance and inflation caused by the central bank's centralized control of currency issuance right. Bai Chengyu, Secretary General of China microfinance Union, said that digital currency can generate a certain amount of transaction volume according to the transaction demand of real economy generated by the public in the transaction process“ This form of digital currency may be automatically generated by the blockchain system and issued according to the transaction volume, which can avoid the inflation caused by over issuance. "
in addition, digital currency helps to build a new financial infrastructure. For example, digital currency will make the credit accumulation and archives of all people traceable and accessible, which is of great significance to promote the construction of credit system. Yu Fenghui said that after the promotion of digital currency, from the perspective of social credit accumulation, enterprises and consumers will tend to use digital currency and swipe cards for consumption, because electronic transactions have data traces, which can accumulate the credit of enterprises and indivials, which will become the basis for obtaining financial services such as banks< In addition to helping the state to regulate and improve the financial system, digital currency is closely related to people's life. It is not only the convenient payment that people have felt, but also reflected in many aspects
first of all, it is very difficult to have counterfeit money in the market. According to Bai Chengyu, one of the characteristics of blockchain is transparency. The issuance of digital currency needs to be certified, so it is difficult to forge
as well as counterfeit money, there should be the problem of plundering the wealth of people and enterprises in local areas, which will be fundamentally solved by digital currency. Bai Chengyu said that compared with the previous state's decentralization of poverty alleviation funds to local governments, some governments have the phenomenon of "evasion", which leads to the fact that some poverty alleviation objects can not get the funds“ At the beginning, it was cash distribution, and later it was bank transfer. However, there was a problem that there were not many bank outlets in some remote areas, and people had to walk a long way to get money. If there is a digital currency, there is no need to withdraw cash for consumption and payment, and it will be easier to monitor capital flow. "
moreover, the use of digital currency will rece financial transaction costs. Bai Chengyu said that before, the inter-bank settlement of banks had to charge service charges, because the settlement center required each bank to keep a part of the capital to balance its position. This part of the capital occupied the bank's funds, and the bank would spread the cost to the people, that is, to charge for the inter-bank settlement business. The "decentralized" payment and clearing system under the blockchain technology will facilitate the settlement between banks and further rece the transaction cost of people's payment
the next step of "de centralization" is "de intermediation", which will simplify many current financial business proceres, such as foreign exchange. Bai Chengyu said that previously, foreign exchange clearing had to go through banks and other clearing institutions, which increased the exchange cost and time interval. Now, the international community has tried to use blockchain technology to develop a new international currency exchange system, which can realize the "de centralized" exchange of currency and "de intermediary" in the future
resistance to implementation
although many countries and institutions are actively developing digital currency and blockchain technology, and people are full of expectations for it, even if digital currency is really issued, it will still face some resistance to implementation
technically, because blockchain is an Internet technology, "hacker" risk is taken into account. The bigger problem, though, is control. Many people in the instry said that bitcoin is essentially different from the digital currency to be launched by the central bank. Bitcoin is not issued by a specific monetary institution, and the relevant financial supervision has not been followed up, so there is a large capital risk. However, the digital currency to be launched by the central bank this time belongs to the official currency and is protected by the central bank. Because bitcoin is not uniformly issued by the central bank, it has not been recognized by many countries. The central bank values whether digital currency is controlled or not
in addition, as mentioned above, even as a leading country in digital currency promotion, Norway still has 6% of the elderly people who are difficult to get rid of paper money, which is undoubtedly a problem that can not be ignored by all countries. Xiao Lei said that digital currency will first be targeted at young people and promoted in some areas. It will not turn all the money in the cash flow into digital currency. This needs to consider the coordination between digital currency and paper money and people's willingness to use them
there is bound to be an adaptation process from paper money to digital currency, and the road of its reform will be very long, but it can be seen that digital currency will inevitably form a development trend. Bai Chengyu said that technological innovation will overcome the problems in reality, just like going to a bank to do business now. If it does not involve cash, the lobby manager will recommend customers to ATM and other self-service equipment. This is a good proof that technological innovation has replaced labor in the past. Now the application of mobile phone is also very simple. It can be predicted that the technology will continue to update in the future. The use of electronic channels, digital currency and other procts in the new era will become a trend
Beijing Business Daily reporter Liu Zexian Cheng WeiMiao
of course, the central bank's digital currency is different from bitcoin, wikilink, bitcoin cash, Ethereum and other digital currencies on the market. The central bank's digital currency has the property of currency.
2. There should be no one who can make money by hanging the computer all the time. Now there are so many computers hanging all the time. Isn't everyone making money?
3. The employment prospect of midwifery major:
midwifery major trains high-quality middle and senior application-oriented midwifery professionals with all-round development of morality, intelligence, physique and beauty, good professional ethics, modern service concept and professional knowledge and skills necessary for clinical midwifery, clinical nursing and maternal and child health care
after graation, I can be engaged in midwifery, nursing, maternal and child health care in medical, prevention, health care institutions and community health service centers at all levels. With the development of the national economy and the improvement of people's living standards, the social demand for women's health service personnel is also increasing, with one midwife per 4000 people; Humanized full accompany delivery requires a large number of high-quality midwives. After graation of this major, you can apply for double certificates (nursing qualification certificate and midwife qualification certificate), and the employment prospect is good. According to the relevant regulations of the state, those who are engaged in family planning work at the grass-roots level must hold midwife qualification certificate before they can work.
midwifery major trains high-quality middle and senior application-oriented midwifery professionals with all-round development of morality, intelligence, physique and beauty, good professional ethics, modern service concept and professional knowledge and skills necessary for clinical midwifery, clinical nursing and maternal and child health care
after graation, I can be engaged in midwifery, nursing, maternal and child health care in medical, prevention, health care institutions and community health service centers at all levels. With the development of the national economy and the improvement of people's living standards, the social demand for women's health service personnel is also increasing, with one midwife per 4000 people; Humanized full accompany delivery requires a large number of high-quality midwives. After graation of this major, you can apply for double certificates (nursing qualification certificate and midwife qualification certificate), and the employment prospect is good. According to the relevant regulations of the state, those who are engaged in family planning work at the grass-roots level must hold midwife qualification certificate before they can work.
4.
Japan, South Korea, India and other countries support bitcoin because they are optimistic about digital currency and blockchain technology itself. However, speculators inflate the price of bitcoin, making it more risky
according to a survey of Huo coin.com, 80.77% of bitcoin trading investors are in order to achieve short-term profits. They keep buying and selling along with the fluctuation of the price of bitcoin to earn the difference
Sheba Jafari, head of technology strategy at Goldman Sachs Group, recently released a chart Research Report, in which he predicted the trend of the price of the special currency in the next week. In the report, he pointed out that the digital currency is in a & quot; Impulsive & quot; Rising trend & quot; The fifth wave & quot; In the medium term, it is expected to further rise to as high as US $4827 in the short term
however, & quot; Once the complete five wave sequence is in place, theoretically speaking, the market will enter the correction stage& quot; In the world of digital currencies, it is not uncommon for prices to fluctuate by hundreds of dollars. Bitcoin hit a record high of $3025 in mid June, but fell by more than $1000 in the following month. It has risen again and reached a new high in the past two weeks. Analysts said that the reason why bitcoin prices ushered in this upward trend is that investors are optimistic about its prospects
is better
5. Goldman Sachs & Co. was founded in 1869 and headquartered in New York, USA. Goldman Sachs is the world's leading investment bank with a long history, large scale and strong strength. At present, Goldman Sachs has total assets of more than 300 billion US dollars, more than 20000 employees in the world, and 42 branches or offices in 24 countries<
the main businesses of Goldman Sachs include corporate financing, M & a consulting, securities trading, asset management, direct investment, etc. Goldman Sachs has always maintained its leading position in the market with its excellent service. In 2000, Goldman Sachs ranked first in the world in initial public offering, follow-up stock offering, convertible securities offering, M & a consulting and other fields; In particular, Goldman Sachs also ranks first in Asia in the field of stock issuance and M & a consulting. For this reason, Goldman Sachs has won many media honors, including the selection of Goldman Sachs as the world's best stock and securities firm in the past 25 years by the authoritative magazine international financial review Global finance ranked Goldman Sachs as the world's best M & a bank in 2000; Reuters named Goldman as the best investment bank chosen by its chief financial officer in 2000
Goldman Sachs attaches great importance to China as an emerging market. Its headquarters in Hong Kong is directly responsible for the development of its business in China. In 1994, it set up representative offices in Beijing and Shanghai. Over the years, Goldman Sachs has been committed to assisting Chinese enterprises to actively enter the international capital market and providing world-class financial advisory services. In the past decade, Goldman Sachs ranked first among foreign investment banks in China's stock issuance and China's M & a consulting. Goldman Sachs provides financing in the international market for China Southern Airlines, China Mobile, PetroChina, Bank of China and many other customers; It also provides financial advisory services for China Mobile's acquisition of provincial assets, BP Amoco's acquisition of PetroChina equity, Lenovo's spin off of Digital China and other M & A businesses. In addition to its investment banking business, Goldman Sachs also makes direct investment in China, including Ping An insurance, Sina, securities Star, etc< Merrill Lynch is a leading international financial management and consulting company. It covers 43 countries on six continents. Provide a variety of financial services for indivial and organizational customers, including:
● personal financial plan
● securities underwriting
● trade and brokerage
● investment banking and consulting services
● foreign exchange trading
● futures and financial derivatives
● insurance
● R & d
Merrill Lynch's total customer assets exceed $1 trillion, Leading in providing financial advisory and management services to indivials and small businesses. As an investment bank, it has become the largest underwriter of stocks and bonds in the world for eight years. It is also a strategic consultant for enterprises, governments, institutions and indivials. Through Merrill Lynch asset management, the company operates one of the world's largest mutual fund groups
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the main businesses of Goldman Sachs include corporate financing, M & a consulting, securities trading, asset management, direct investment, etc. Goldman Sachs has always maintained its leading position in the market with its excellent service. In 2000, Goldman Sachs ranked first in the world in initial public offering, follow-up stock offering, convertible securities offering, M & a consulting and other fields; In particular, Goldman Sachs also ranks first in Asia in the field of stock issuance and M & a consulting. For this reason, Goldman Sachs has won many media honors, including the selection of Goldman Sachs as the world's best stock and securities firm in the past 25 years by the authoritative magazine international financial review Global finance ranked Goldman Sachs as the world's best M & a bank in 2000; Reuters named Goldman as the best investment bank chosen by its chief financial officer in 2000
Goldman Sachs attaches great importance to China as an emerging market. Its headquarters in Hong Kong is directly responsible for the development of its business in China. In 1994, it set up representative offices in Beijing and Shanghai. Over the years, Goldman Sachs has been committed to assisting Chinese enterprises to actively enter the international capital market and providing world-class financial advisory services. In the past decade, Goldman Sachs ranked first among foreign investment banks in China's stock issuance and China's M & a consulting. Goldman Sachs provides financing in the international market for China Southern Airlines, China Mobile, PetroChina, Bank of China and many other customers; It also provides financial advisory services for China Mobile's acquisition of provincial assets, BP Amoco's acquisition of PetroChina equity, Lenovo's spin off of Digital China and other M & A businesses. In addition to its investment banking business, Goldman Sachs also makes direct investment in China, including Ping An insurance, Sina, securities Star, etc< Merrill Lynch is a leading international financial management and consulting company. It covers 43 countries on six continents. Provide a variety of financial services for indivial and organizational customers, including:
● personal financial plan
● securities underwriting
● trade and brokerage
● investment banking and consulting services
● foreign exchange trading
● futures and financial derivatives
● insurance
● R & d
Merrill Lynch's total customer assets exceed $1 trillion, Leading in providing financial advisory and management services to indivials and small businesses. As an investment bank, it has become the largest underwriter of stocks and bonds in the world for eight years. It is also a strategic consultant for enterprises, governments, institutions and indivials. Through Merrill Lynch asset management, the company operates one of the world's largest mutual fund groups
business principles
ml promises to conct personal and organizational behaviors under the norms of business principles. This commitment has helped Merrill Lynch become a world-class company. Any system and operating principles are incorporated into its business
customer benefits
understand customers through participation and meeting their wishes
realize customers' wishes without violating ML's honest principle
provide valuable consultation by analyzing customer needs and solving customer problems
provide the broadest and best quality procts and services to make it easy for customers to use
by actively listening to customers' feedback, we can develop and maintain long-term relationship with customers and build our own reputation
provide personal services
use professional skills to meet the changing needs of customers
meet the needs of customers through unity and cooperation, and balance ability and resources
first class securities underwriting and trading experts
Securities Market
ml has the most powerful asset capability in the world. Merrill Lynch's international strength comes from the diversity of procts and services it provides to its customers, as well as its representative offices in more than 40 countries around the world. Ml has always been a unified world-class financial services company. It is engaged in asset research, sales, trade and planning. Its global asset capability has won worldwide recognition<
the world leader of debt market
ml plays a leading role in the world debt market. In the past seven years, the company has ranked first in the world in debt. The right and attitude in the international market are mainly the reform research of the world region: through the efforts of more than 2000 sales and trade professionals, we can research procts that can meet the taste of customers, provide analytical research that can meet the needs of customers, and the international power in distribution and trade
municipal market
ml has a long history of leadership in the U.S. municipal debt market, and has made remarkable achievements in the fields of institutional trade, retail distribution, R & D, municipal derivatives, and debt insurance. Since Merrill Lynch focuses on regional rights and the needs of investment clients, it is able to balance its consulting experience with its capital bearing capacity
Merrill Lynch's ability is reflected in ML's commitment to improving public services. They have been chief senior managers of tax-free securities since 1980. In 1996, long-term bonds were insured for $220 billion a year. Customers issuing securities through ml can keep in touch not only with instrial leaders in the municipal sector, but also with leaders across debt categories. In 1996, the outstanding achievement of US $1.3 billion tax-free insurance shows that experience plays an important role in the primary and secondary markets. Ml has been investing assets in the secondary market for decades. In the past few years, Merrill Lynch's institutional trading division has won the highest votes among institutional investors< Investment banking is a market leader providing global consulting and financial services for enterprises, institutions and governments. Strong network management, innovation, proct development, and long-lasting and insurmountable ethical standards have promoted ml to be second to none in the investment banking instry. Domestic and international business capacity exceeds all its competitors. ML's experience as a leading securities underwriter and trader enhances its insight and gives it the market knowledge necessary to provide customers with accurate and creative financial strategies< M & A (M & A)
through M & a group, ML is a leading consulting company in M & A transactions and one of the top Western consulting companies in the United States and the world. Since 1995, ML has provided consulting services for 1100 transactions with a transaction value of more than $1.2 trillion. Ml provides customers with various types of strategic services, including pre merger strategy, sales, acquisition, divestiture, divestiture of the parent company, divestiture of the subsidiary, and joint venture services. ML's M & A experts can provide different expert advice according to the strategic needs of customers. They work closely with other instry experts in ml to meet customers' needs
1998 was a record breaking year, with ML consulting 14 of the 40 largest transactions, including 6 of the top 15< Financial futures and options
ml financial futures and options department helps institutional clients make risk management and investment decisions by using interest rates, stocks and financial derivatives. Constantly improve the company's capital market resources around the world in order to provide comprehensive strategies for its customers< Enterprise sales
ml provides a wide range of procts and services to institutional investors through the international sales force composed of more than 850 instries
the institutional client department is responsible for the business relationship between ml and institutional investors, including the largest enterprises, pension funds, financial institutions, government agencies and businessmen holding major investment assets in the world<
ml for customers:
analyze the asset portfolio of each customer to make market and investment decisions
provide the widest range of procts, including the development of integrated creative procts
strengthen international contacts through the recent merger and office network< JP Morgan is a leading international financial company, which can meet the urgent financial needs of businesses, enterprises, governments and indivials. It provides consulting services for corporate strategy, raises funds, develops financial market tools, and manages investment assets. Meanwhile, in order to seize the market opportunity, Morgan has committed its assets to well-known enterprises, good investment and trading projects<
the company is divided into five main departments:
● finance and consulting
● market development
● asset management consulting
● stock investment
● asset right investment and management
● Frontier Change
in the former United States, the structural defects of glass Steagall act are fully reflected. Big companies are looking for more cost-effective ways to borrow money than from banks. So banks are forced to look for new business opportunities. Morgan has started its frontier< In 1989, the Federal Reserve granted Morgan the privilege to underwrite corporate debt securities. A year later, the privilege was extended to underwrite shares. With his rich experience in European countries, Morgan has accumulated new strength in the United States
today, JP Morgan provides customers all over the world with strong comprehensive capabilities, including fund-raising, strategic consulting, market development methods and asset management. Although the current business environment of the company is more complex and changes more rapidly than when it was founded, its business principles are always inconvenient. Its three tenets are integrity, objectivity and correctness< JP Morgan international market research group is established to provide professional analysis and global services. JP Morgan's 75 analysts are located in 20 cities and consulting agencies around the world. Most of them have become independent leaders in their respective fields. It includes:
economic analysis and forecast
credit analysis of stock issuers
Research on financial derivatives
analysis of domestic and international markets where the same goods can be traded in different markets
bond index provided to governments and companies Analysis of emerging markets of domestic debt and foreign exchange
provide professional technology on debt and financial derivatives
our research group is a market leader, and uses advanced technology, such as the Internet, to improve the quality of service to customers<
main business
. Financial consulting
provides strategic and structural consulting to customers, and helps them raise funds through debt and asset underwriting and planning credit business. JP Morgan provides consulting services on mergers and acquisitions, divestitures, privatizations, and restructurings, as well as transactions to meet customers' needs and fulfill their wishes. Our finance
6. I've used three of them myself. The difference between bitcoin and ethereal currency of MIEX is the most attractive, while the difference between other digital currencies is almost the same. If it is mainstream digital currency, I will choose MIEX.
7. The reasons are as follows:
1
bitcoin (BTC) is a digital currency with a total amount of 21 million. It has the characteristics of decentralization, globalization and anonymity, just like the Internet. Transferring bitcoin to the other side of the earth is as simple, low-cost and unlimited as sending e-mail. Bitcoin is therefore used in cross-border trade, payment, remittance and other fields. Of course, Ethereum and wikilink have similar functions
as a new thing, it is widely concerned by investors, enterprises and media< Many international companies and large enterprises have begun to test the digital money market, and their prospects are still quite good.
③ investors are influenced by people who already hold bitcoin and are afraid to miss the opportunity to make money
in 2017, the market value of bitcoin has increased several times by the end of the year despite the price fluctuation, which is enough to make the farsighted players make a lot of money. This is enough to make the spectators who have been hesitant but have not made a move particularly envious. In 2018, more people will participate in it
④ some people have lost their keys, So as to rece part of the supply
⑤ large financial institutions such as CME, COBE and Goldman Sachs began to support digital currency
with the rapid development of digital currency, all the institutions that didn't hold high hopes for bitcoin began to support the development of digital currency
with the pressure of national supervision and the supervision of relevant departments on electricity consumption, the cost of mining is becoming higher and higher, and accordingly, bitcoin will also rise with the tide
7. There may be hoarding< Many people have seen the great potential of bitcoin, so it's no surprise to hoard money.
in countries with serious inflation, bitcoin is a safe currency.
influenced by many factors, the legal hand has a separate competent department, which is prone to economic crisis under the influence of many factors, but the digital currency has no separate issuing department, And because of its virtuality, it is hard to be affected by external factors, and its security is higher. Coin purse, as the leader of digital currency purse in the market, advanced encryption technology has become multi-functional, simple and easy to operate. Players can choose and use it as the ideal purse for storing digital currency
9. Due to anonymity, illegal activities will continue to generate demand for special currency
the anonymity of digital currency determines that many illegal organizations will use bitcoin as an important means of transferring property to launder money, because there is no trace
1
bitcoin (BTC) is a digital currency with a total amount of 21 million. It has the characteristics of decentralization, globalization and anonymity, just like the Internet. Transferring bitcoin to the other side of the earth is as simple, low-cost and unlimited as sending e-mail. Bitcoin is therefore used in cross-border trade, payment, remittance and other fields. Of course, Ethereum and wikilink have similar functions
as a new thing, it is widely concerned by investors, enterprises and media< Many international companies and large enterprises have begun to test the digital money market, and their prospects are still quite good.
③ investors are influenced by people who already hold bitcoin and are afraid to miss the opportunity to make money
in 2017, the market value of bitcoin has increased several times by the end of the year despite the price fluctuation, which is enough to make the farsighted players make a lot of money. This is enough to make the spectators who have been hesitant but have not made a move particularly envious. In 2018, more people will participate in it
④ some people have lost their keys, So as to rece part of the supply
⑤ large financial institutions such as CME, COBE and Goldman Sachs began to support digital currency
with the rapid development of digital currency, all the institutions that didn't hold high hopes for bitcoin began to support the development of digital currency
with the pressure of national supervision and the supervision of relevant departments on electricity consumption, the cost of mining is becoming higher and higher, and accordingly, bitcoin will also rise with the tide
7. There may be hoarding< Many people have seen the great potential of bitcoin, so it's no surprise to hoard money.
in countries with serious inflation, bitcoin is a safe currency.
influenced by many factors, the legal hand has a separate competent department, which is prone to economic crisis under the influence of many factors, but the digital currency has no separate issuing department, And because of its virtuality, it is hard to be affected by external factors, and its security is higher. Coin purse, as the leader of digital currency purse in the market, advanced encryption technology has become multi-functional, simple and easy to operate. Players can choose and use it as the ideal purse for storing digital currency
9. Due to anonymity, illegal activities will continue to generate demand for special currency
the anonymity of digital currency determines that many illegal organizations will use bitcoin as an important means of transferring property to launder money, because there is no trace
8. The idea behind Goldman's patent is to build a system that uses digital currency to settle securities transactions. Initially, the patent was applied in December 2015. The content of the patent includes using setlcoin to exchange for digital shares of enterprises such as Google or Microsoft, and using the currency to exchange for other encrypted electronic currencies
9.
According to Steve strongin, global head of investment research at Goldman Sachs Group Inc., the market value of cryptocurrency has evaporated nearly $500 billion in the past month, and the situation is likely to get worse
In a report dated February 5, strongin wrote that most digital currencies are unlikely to exist in their current form and investors should be prepared to lose all their value because they are replaced by a small number of future competitorsalthough he did not give a time frame for the situation, he said that the recent price fluctuations indicate bubbles, and the trend of different currencies to be consistent is unreasonable. p>
on February 6, bitcoin fell below US $6000, reaching the lowest of US $5920, the lowest since mid November
strongin pointed out that the introction of regulated bitcoin futures did not solve these concerns. In addition, he ignored the so-called first generation advantage, saying that few people survived the Internet bubble in the late 90s. p>
he said: "is today's cryptocurrency Amazon or Google, or will it be like many search engines that no longer exist today?" Strongin predicts that most cryptocurrencies may never return to their previous peak levels
strongin is more optimistic about the blockchain technology of digital currency, saying that it can help improve financial books
but even so, he warned that the current technology does not provide the speed needed for market transactions
Robert Shiller, Nobel Laureate in economics, warned on January 23 that bitcoin "may completely collapse and be forgotten. I think that is a very possible result."
According to Schiller, that reminds him of "tulip mania in the Netherlands in the 1640's" and "bitcoin is worthless unless people can reach some consensus on its value."Hot content