Virtual currency blacklisted
why doesn't China raise interest rates? There are several problems: 1. The real estate market is in the process of deleveraging, and there is a great risk of tightening credit at this time; 2. The risk of equity pledge of private enterprises is very high, otherwise they will not use state-owned assets to help; The people's Bank of China has a big headache. It's hard to control the domestic financial risk of interest rate increase, and the RMB continues to depreciate without interest rate increase
the Central Bank of China has intervened once last time, which is called RMB "counter cyclical factor", but it's just a small scene
the intervention of the central bank mainly has a short-term effect, and its purpose is to intervene in "excessive speculation and malicious short selling"! What really affects the trend of exchange rate is: interest rate level, economic quality, monetary policy, fiscal policy, market long-term expectation
there are still examples of international speculators defeating the central bank in history, and they are the same person—— Soros< (1) in 1992, Soros successfully attacked the pound. In 1990, Britain decided to join the European exchange rate system (ERM), a new monetary system created by Western European countries. Soros believes that Britain has made a decisive mistake< In September 1992, speculators began to attack the weak currencies in the European exchange rate system, including the British pound and the Italian lira. The central banks of these countries have to spend a lot of money to support their currency exchange rates
the British government plans to borrow money from the international banking organization to prevent the continued depreciation of the pound, but this is like a drop in the bucket. Soros alone spent $10 billion in this battle with the British government. Soros took a short position of US $7 billion in the gamble and held a long position of US $6 billion mark. At the same time, considering that the devaluation of a country's currency usually leads to the rise of its stock market, Soros bought us $500 million worth of British shares and took a short position of German shares. If Soros is the only one to compete with Britain, the British government may still have a glimmer of hope, but the participation of many speculators in the world makes the strength of both sides in this competition greatly different, and it is doomed to the failure of the British government
Soros was the biggest winner in the attack on the pound, once described by the magazine as the man who defeated the Bank of England. Soros has made nearly US $1 billion from short trading in sterling. The long interest rate futures in Britain, France and Germany and short trading in Italian lira have made his total profit as high as US $2 billion, of which Soros's personal income is one third. During the year, Soros's fund grew by 67.5%
(2) snipe the Thai baht and set up the White Wolf empty handed! Attack Hong Kong dollar without success< On July 2, 1997, the Thai government exhausted all its foreign exchange reserves and had to abandon the fixed exchange rate system and implement the floating exchange rate system. The Thai baht plummeted by 17% overnight. Soros successfully used a small amount of US dollars to repay his loan in the Bank of Thailand, making a net profit of billions of US dollars and leaving the market
in the same year, it hit Hong Kong's financial market, making the exchange rate of Hong Kong dollar decline all the way and the financial market in chaos. The Hong Kong Monetary Authority immediately entered the market, and the central government fully supported it. Under a series of counterattack actions, Soros's "battle" in Hong Kong failed and suffered heavy losses< (3) short yen and rise Japanese stocks -- Abe trading
from September 2012 to may 2013, Soros Fund Management Company, the world's largest foreign exchange investor, made us $1 billion through "Abe trading". Short yen became the first beneficiary, so a new term "Abe trading" came into being in the instry
from this campaign, Soros made $1 billion in yen and $500 million in Japanese stocks, reaching a total of $1.5 billion, equivalent to nearly RMB 10 billion. In only half a year, he has gained huge wealth
some of Soros's most famous viewpoints, such as "the law of the forest", "weakness breaking" and "herding", explain his logic of shorting. On the surface, the most confusing and seemingly indestructible point of his prey must be his weakness, which must be broken by surprise
will RMB repeat the mistakes of pound sterling, Japanese yen and Thai baht? The answer is no
1. RMB is not a free exchange rate. There are both onshore and offshore quotations! There are also restrictions on the exchange of foreign exchange, making it more difficult to short
2. The trading scale of RMB is smaller than that of British pound and Japanese yen, which is helpful for the central bank to intervene in the exchange rate (small pond, less big fish!)
3. China has sufficient foreign exchange reserves to deal with international speculators
4. China has defeated international speculator Soros and accumulated sufficient experience
at present, the exchange rate of RMB is still within the expectation of the central bank, so there is no need to intervene in the market! After the domestic financial risks are resolved, the RMB exchange rate can return to the normal level again by raising interest rates.
People on the blacklist will be deprived of two years' exchange quota, which is 100000 dollars
safe implements "attention list" (blacklist) management on indivials who evade limit and authenticity Management:
1. For indivials who lend their own limit to assist others to evade limit, safe gives risk warning through the bank's "personal foreign exchange business risk warning letter". If the above indivial lends his own limit again to help others evade the limit, the safe will put him on the "attention list"
2. The SAFE shall list the indivials who evade the quota by borrowing the quota from others into the "attention list" management, and inform them through the bank in the "Notice of attention list" of indivial foreign exchange business:
3. The period of "attention list" is the year when they are listed in the "attention list" and two consecutive years after that. The indivials on the following list may be listed as "blacklist". Once they are on the blacklist, they will not be able to exchange foreign exchange within two years
extended data
in order to prevent more capital outflow, China's State Administration of foreign exchange issued new regulations to define the exchange behavior known as "ant move", and said that indivials who carry out the behavior may be blacklisted, and the exchange quota of US $100000 will be cancelled for two years
however, at the end of 2016, the safe recently began to strictly investigate the "ant move" foreign exchange. If it is blacklisted, it will be deprived of the exchange quota of US $100000 within two years<
the following three types are all ant moves:
1. The same person withdraws more than 10000 US dollars and foreign currencies from the same foreign exchange savings account for more than five times within seven days
2. The same person transfers the deposit in his own foreign exchange savings account to the account of more than five immediate family members
after purchasing foreign exchange on the same day / every other day / for several consecutive days, 3, 5 or more people will call the same person or institution overseas
the stock account needs to be bound with a bank card. If you are an dishonest customer, you will encounter problems in binding the bank card
opening an account to speculate in stocks will certainly have an impact, and your personal credit reference must have been blacklisted. And your situation is still very difficult to deal with, unlike the credit card can also be used as a certificate issued by the deposit bank, it is very difficult to cancel the bad bank loans. At present, China's personal credit information system is not perfect. This kind of situation will even affect some things, such as finding a job or doing business. The credit rating is lifelong and public
Blacklist is relative to financial institutions, and the evaluation standard is the credit reference system. If you find that financial users leave more bad records in the credit reference system, financial institutions will blacklist you, and you will be rejected when you apply for loans or credit cards and other financial business
in case of the following situations, it is easy to be blacklisted by banks and other lending institutions
1. The indivial bank may be blacklisted in case of overe repayment after 2-3 months
2. If the credit card is used three times in a row or six times in total, it may be blacklisted
Personal credit card overdraft consumption, installment repayment overe may be included in the blacklist4. If the commercial loan interest rate rises, but the monthly payment is still made according to the original amount, the overe interest may be listed in the blacklist
extended information:
if the person subjected to execution fails to perform the obligations specified in the effective legal document, and has one of the following circumstances, the people's court shall include him in the list of persons subjected to execution for breach of trust and punish him with credit according to law:
1. If he has the ability to perform but refuses to perform the obligations specified in the effective legal document
2. Obstructing or resisting execution by forging evidence, violence, threats, etc
3. Evasion of execution by means of false litigation, false arbitration or concealment or transfer of property
4. Violation of property reporting system
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6. Refusing to perform the settlement agreement without proper reasons
to take actions against the dishonest person:
1. Forbid some high consumption behaviors, including forbidding to take the plane and train soft sleeper
2. It is to implement other credit punishment, including restricting loans from financial institutions or handling credit cards
3. If the person who is dishonest is a natural person, he shall not act as the legal representative, director, supervisor or senior manager of the enterprise
regulation purpose: this judicial interpretation aims to guide courts at all levels to correctly and effectively use credit disciplinary measures, establish a list of dishonest persons to be executed, urge dishonest persons to fulfill their obligations as soon as possible, and promote the construction of social credit system
on November 14, 2013, the Executive Bureau of the Supreme People's court signed a memoranm of cooperation with the credit reference center of the people's Bank of China to jointly clarify that the information on the list of dishonest persons to be executed will be included in the relevant operating proceres of the credit reference system
References: Network - blacklist system for dishonest persons
I feel that if you want to know what your situation is, you'd better go to that bank to check your credit information, or go to the Bank of China app to test your credit information, so that you can know what's going on
you know the extent of your own credit reference, and you can also see whether you are on the blacklist of online loans. If you really have a blacklist in Shanghai, you'd better ask professional debt restructuring personnel to find your own debt, and then let them think of a good way for you to repay the money slowly. This is the best way.