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徐汇区做永久脱毛多少钱松江去眼袋手术价格上海新华医院去痣多少钱 With Hong Kong riven by political deadlock, politicians and investors have repeatedly warned in recent years that the financial centre risks sliding into irrelevance as its Chinese rivals Shanghai and Shenzhen go from strength to strength.随着香港社会因政治僵局而陷于分裂,政治人士和投资者近些年来已多次警告称,这个金融中心有可能慢慢被边缘化,因为其中国内地竞争对手上海和深圳正变得越来越强大。But some argue that China’s latest bout of stock market turmoil and Beijing’s panicked response has provided an unexpected boon to Hong Kong, highlighting the open nature of its financial markets and its more robust regulatory system.但有些人辩称,中国最新一轮股市动荡——以及北京方面惊慌失措的应对——对香港构成了一项意想不到的利好,让人们注意到了香港金融市场的开放性和它更强健的监管体系。“China is involuntarily sending a signal that it’s not yet y to open its financial markets and that’s good for Hong Kong,said the chief financial officer of one leading Hong Kong-listed company.“中国在无意识中向外界发出了一个信号,告诉大家它还没准备好开放其金融市场。这对香港是个利好,”一家知名香港上市公司的首席财务官说。This attitude underlines the strange duality of Hong Kong’s economic position. On the one hand, the semi-autonomous Chinese territory’s prospects are deeply intertwined with the mainland and it sells itself as a gateway to China. On the other, government officials and investors promote Hong Kong’s stark contrasts with China, with an independent legal system, free speech and currency pegged to the US dollar, not the renminbi.这一态度突显出了香港经济地位的奇特二重性。一方面,这块半自治中国领土的前景已与中国内地深深交织在一起,而且香港也在宣扬自己是通向中国内地的门户。另一方面,政府官员和投资者又在兜售香港明显不同于中国内地的地方:相对独立的法律体系,言论自由,以及与美元而非人民币挂钩的港元。Last week Beijing rushed to implement a package of measures designed to arrest the slump in Chinese stock markets, halting new share issues, banning large investors from selling stakes and pushing state-owned stock brokers and companies to buy equities.上周,北京方面仓促实施了一系列旨在止住中国股市跌势的措施,比如暂停新股发行,禁止大股东减持,以及推动国有券商和企业买入股票。The Hong Kong government, by contrast, sat on the sidelines, even as the sell-off on the Shanghai and Shenzhen stock exchanges prompted large falls in Hong Kong-listed shares.与此形成对照的是,就在沪深股市的抛售行为导致香港上市公司股价大跌之际,香港政府却并未插手干预。Although Hong Kong pulled off the textbook government rescue of a collapsing stock market in 1997, the government’s top financial official said on Friday he had no intention of intervening this time.尽管1997年香港政府成功实施了教科书般的救市、止住了股市的狂泻,但香港政府最高财政长官上周五却表示,这一次他不打算出手干预。“Whatever happens in other markets will have an impact on Hong Kong, which is a very externally oriented market,said John Tsang, financial secretary. “But we conduct our regulatory practices in a mature and sophisticated way.”“香港是一个非常外向型的市场,所以无论其他市场发生什么,都会对香港造成影响,”香港财政司司长曾俊John Tsang)说,“但我们开展监管实践的方式成熟而老练。”Francis Cheung, head of China and Hong Kong strategy at CLSA, a stock broker, said Hong Kong enjoyed a short-term benefit “any time China screws upbecause investors were reminded of the former British colony’s far stronger regulatory framework.里昂券(CLSA)中国与香港策略主管郑名凯(Francis Cheung)表示,“每当中国玩砸了的时候”,都会在短期内利好香港,因为那会让投资者重新意识到这块前英国殖民地有着强健得多的监管框架。However, he added that in the long term Hong Kong’s fortunes as a financial centre would inevitably be tied up with mainland China, not least because the city is in the process of integrating its stock exchange with the Chinese bourses in Shanghai and Shenzhen.但他补充道,长远来看,香港作为金融中心的命运将不可避免地与中国内地捆绑在一起,一个重要原因在于,香港的券交易所正在与上海和深圳的券交易所进行融合。Vincent Chan, head of China research for Credit Suisse in Hong Kong, also argued that any benefits for Hong Kong from China’s woes would be short-lived.瑞信(Credit Suisse)驻香港的中国研究主管陈昌Vincent Chan)也辩称,香港从中国内地困境中获得的任何好处都将是暂时的。He said the wide-ranging Chinese intervention in the stock market made investors nervous about the direction of Beijing’s policy, coming in spite of repeated statements from Chinese officials that they wanted to accelerate the opening-up of the economy and financial services.他表示,尽管中国官员反复宣称希望加快经济和金融务业的开放,但他们还是对股市展开了广泛干预,这令投资者对北京方面的政策方向感到担心。Such concerns were likely to be negative for Hong Kong, he said, given that most foreign investors buy Chinese stocks listed in Hong Kong, known as H shares, rather than those listed in Shanghai and Shenzhen, known as A shares.他说,考虑到投资在港上市的中国股票(即H股)的外国投资者为数众多,上面这种担心很可能会给香港带来负面影响。But although the Chinese and Hong Kong governments are pursuing a long-term goal of economic and financial integration, investors will continue to assess the risks of doing business in the mainland and in Hong Kong differently.不过,尽管中国政府与香港政府正在追求经济与金融一体化的长期目标,投资者仍将对中国内地和香港的营商风险给出不同的评价。“There’s still a difference in governance and the mechanisms in Shenzhen and Shanghai compared with Hong Kong, and investors understand the risks,said Edward Au, an auditor at Deloitte who advises Chinese companies on overseas listings.“在治理和机制上,沪深与香港仍然存在差别,投资者明白这种风险,”德Deloitte)负责为中国企业海外上市提供咨询的审计师Edward Au表示。来 /201507/385716上海市第一人民医院丰胸多少钱

上海九院开双眼皮手术价格上海人民医院纹眉毛多少钱 Sri Lanka’s controversial investment ties with China are set to continue amid a broader push to attract foreign capital if the country’s current government prevails in Monday’s parliamentary election, Prime Minister Ranil Wickramasinghe says.斯里兰卡总理拉尼尔维克勒马辛Ranil Wickremesinghe)表示,如果斯里兰卡现政府在周一的议会选举中获胜,将展开更大的努力吸引外资,斯里兰卡与中国之间备受争议的投资关系将延续下去。The island nation’s reliance on infrastructure funding from Beijing has caused alarm in both India and the west, where it is viewed as a sign of creeping Chinese influence throughout south Asia.这个岛国对中方基建资金的依赖,已引起印度和西方国家的警觉。在印度和西方看来,这种现象表明中国在悄悄扩大对整个南亚的影响力。But Mr Wickramasinghe, a leader viewed as pro-western by most analysts, told the Financial Times that his centre-right ed National party would continue to seek Chinese funds if it retained power.但被多数分析人士视为亲西方领导人的维克勒马辛哈向英国《金融时报》表示,如果他所在的中右翼统一国民ed National)能够继续掌权,该党将继续寻求获得中国的资金。“We have told the Chinese, the Japanese and everyone else that all loans must be on competitive terms,he said. “But if there are other [new] investment projects...琠栀攀 Chinese or anyone else are free to come in, on terms set down by us.”他说:“我们已告诉中国人、日本人及其他所有人,一切贷款都须建立在竞争性条件基础上。不过,如果有其他(新的)投资项目……中国人或其他所有人都可按照我们定下的条件来投资。”Sri Lanka heads to the polls on Monday in a closely fought contest pitting Mr Wickramasinghe and his coalition ally President Matripala Sirisena against Mahinda Rajapaksa, the country’s former president and architect of its closer ties with China. The results are expected on Tuesday.周一,斯里兰卡将举行选举。这是一场势均力敌的较量,其中一方是维克勒马辛哈及其联合政府的盟友、斯里兰卡总统迈特里帕拉缠里塞Maithripala Sirisena),另一方是斯里兰卡前总统马欣达拉贾帕克萨(Mahinda Rajapaksa)。拉贾帕克萨也是斯中更密切关系的构建者。大选的结果预计将于周二公布。A number of large Chinese-backed projects remain either half-finished or on hold, after a spate of reviews and anti-corruption investigations following Mr Rajapaksa’s defeat in presidential elections in January.目前,斯里兰卡多个由中国投资的大型项目依然处于半完工或停工状态。今月拉贾帕克萨在总统选举中失败后,这些项目曾遭遇一系列审核和反腐调查。In particular, work on the .4bn Colombo Port City property development a Dubai-style island being built on reclaimed land off the coast of the capital has been suspended since March.特别值得一提的是,月以来,价4亿美元的科伦坡港口城(Colombo Port City)地产开发项目一直处于停工状态。该项目位于斯里兰卡首都科伦坡海岸附近,是一个迪拜风格的填海造出的岛屿。Mr Wickramasinghe said the project was now “dependenton an environmental review but he also noted that he had backed a similar scheme during his previous term as prime minister between 2001 and 2004.维克勒马辛哈表示,该项目的命运现在“取决于”环评结果。但他也指出,他上次001年至2004年担任总理时,曾持过类似的计划。Two other senior government officials told the FT they did not expect the Port City to be scrapped. “It will go ahead in some form,one said.另两位政府高官告诉英囀?金融时报》,他们预计港口城项目不会被取消。其中一名官员表示:“该项目会以某种方式向前推进。”Big new Chinese-backed projects could include a large dockyard in the island’s south as well as elements of Mr Wickramasinghe’s plan to turn Colombo and its surrounding region into a “megapolis中国投资的新大型项目,可能包括斯里兰卡南部的一个大型船厂,以及维克勒马辛哈“大都市”计划涵盖的项目。维克勒马辛哈打算将科伦坡及其周边地区打造成一个“大都市”。The megapolis scheme includes a raft of urban transit, property and logistics projects, all areas in which Chinese state companies have successfully won contracts in other Asian countries.“大都市”计划包含一系列城市交通、房地产及物流项目——在所有这些领域,中国国企都曾在亚洲其他国家成功赢得过合同。If, as many analysts expect, he returns as prime minister following Mondays poll, Mr Wickramasinghe said he would strike trade agreements with China and India as part of attempts to persuade global companies to establish new export-focused facilities in the country to target Asia’s two largest emerging markets.维克勒马辛哈表示,如果他(像许多分析师预期的那样)在周一大选后得以连任总理,他将与中国和印度达成贸易协议。维克勒马辛哈试图借助这些贸易协议来说全球企业在斯里兰卡建立新的出口导向型工厂,面向亚洲这两个最大的新兴市场出口。来 /201508/393754上海市第一人民医院宝山分院纹眉毛多少钱

上海市玫瑰整形医院治疗青春痘多少钱 Preparing non-American markets for a strong greenback is not Janet Yellen’s job对于美联Fed)主席珍妮特耶伦(Janet Yellen)来说,令美国以外市场为美元的强势做好准备,并不是她的本职工作。As a symbol of how the US punches above its weight, nothing beats the pre-eminence of its currency. The US may account for just a fifth of global gross domestic product, but dollar assets make up three times as great a proportion of global reserves. Most commodity trading uses the greenback as the medium of account.要寻找一个美国“勉为其难”的象征,没有什么能比美元的超重要地位更合适了。美国的国内生产总GDP)可能只占了全球总量的五分之一,美元资产占全球储备资产的比例却是上述比例的三倍。绝大多数大宗商品交易,是把美元作为记账媒介的。This influence is telling. A working paper from the Bank of International Settlements found almost tn of dollar credit issued to non US borrowers. More recently the IMF pointed out how past episodes of dollar strength have coincided with a rash of emerging market crises. Now that the greenback is surging again the dollar index is up 20 per cent since last autumn the implications are moving into focus.这种影响显而易见。国际清算银BIS)的一份工作报告发现,发放给美国以外的借款方的美元信贷接近8万亿美元。在更近一些时候,国际货币基金组织(IMF)曾指出,过去美元多轮强势行情,与新兴市场的多次危机,是同步发生的。如今,美元汇率再次猛涨——自去年秋季以来美元指数已上0%,它的影响正日渐受到关注。First, some perspective is in order. Although the dollar index rose from 80 in October to 100 in March, such price action is run-of-the-mill when examined over a longer period. Between 1981 and 1985, the same index soared from 90 to 160, before a co-ordinated international effort pushed it all the way back within three years.首先,某些观点认为这种波动很正常。尽管美元指数从去年10月的80上升到了今年3月的100,但从更长时期来看,这样的汇率波动并不起眼。在1981年到1985年期间,美元指数曾经0猛涨60,之后才在国际社会一致努力下在三年内被全力压了回去。Dissecting the dollar is something of an art; a bet on its strength can reflect confidence in the US, or darkening clouds elsewhere and a rush to safe assets. The same IMF paper has shown that rising US rates are beneficial when they reflect optimism about growth, but not if driven by tighter money. On many occasions dollar strength has coincided with fears about growth; last autumn, for example, a spell of global deflation may have helped propel the dollar on its recent run. Of late, attention has focused more closely upon how well the US is doing.美元的剖析是一种艺术:押注美元走强可以反映出对美国的信心,或者反映了其他地区的乌云密布以及对安全资产的抢购。IMF同一份报告显示,如果美国加息反映了对增长的乐观看法、而并非出于收紧货币政策的动机,那么它就是有益的。许多时候,美元走强之时,也是人们对增长产生担忧之时。比如,去年秋天一轮全球通缩,或曾对美元近期汇率上升起了推波助澜的作用。最近,美国的经济表现已经吸引了更多注意力。Indeed, it is striking how US monetary policy pays little direct attention to the dollar’s globe-trotting role. Peruse Federal Reserve statements, or recent comments by its chair Janet Yellen, and you will struggle to find much reference to the world beyond US borders. Ms Yellen is focused on the data, but the data in question is all domestic: unemployment, inflation and GDP. The global economy only matters insofar as it might impact upon the US. This week GDP revisions strengthened the chance of a rise in the rate some time before Christmas.事实上,令人吃惊的是,美国的货币政策几乎从未直接关注过美元的全球流动角色。仔细阅读美联储声明或美联储主席珍妮特耶伦近期的言论,你会很难找到太多提及美国境外世界的语句。耶伦十分关注数据,但她关注的都是美国国内数据:失业率、通胀率和GDP。只有在可能影响美国的情况下,全球经济才会得到重视。本周美国对GDP的修正,提高了在圣诞节前某个时候加息的可能性。One might expect the Fed to worry more about the strength of its currency, particularly given evidence it has hit the profits of US foreign subsidiaries. But the US is a fundamentally closed economy where domestic demand conditions outweigh those from overseas. Instead, if anyone is worried about the effect of a strong dollar, it is the IMF, which recently warned of “significant and abrupt rebalancing of international portfoliosshould the Fed raise rates. A further reason for the dollar’s strength is confirmation of a lack of credible alternatives. Those Cassandras fretting about how monetary ease damages the dollar’s reserve currency status fail to appreciate how this is built not on its strength but its depth. Dollar assets are pervasive and easily sold.有人可能会预计,美联储对美元走强更担心一些,尤其是有据表明美元走强已伤及美国驻外分公司的盈利。但是,美国从根本上说是一个封闭经济体,其国内需求状况的重要性压倒了来自境外的需求。相反,如果说有谁担心强势美元的影响,那就是IMF。最近,IMF曾警告说,一旦美联储加息,“国际组合资产将发生大幅度、突然的再平衡”。美元走强的一个深层次原因,是人们确信美元缺乏可靠的替代品。那些预言宽松货币政策会毁了美元储备货币地位的预言家们,未能认识到美元的这种地位并不是建立在其强势汇率上,而是建立在其深入渗透上。美元资产无处不在,能够轻而易举地抛售出手。China’s efforts to prop up its stock market including trading suspensions and printing renminbi to chase a market level shows how far it has to go. Nor can the euro mount a challenge when the ECB appears politically hampered from dispensing cash in a crisis.中国撑股市的努力——包括为追逐某一市场点位而停牌或印钞,显示了中国在不得已的情况下走了多远。而欧洲央ECB)在危机中撒钱之举似乎也遭遇了政治上的阻碍,这令欧元很难对美元构成挑战In the words of an influential monetary thinker, “never reason from a price change What matters is not a currency’s price, but the forces driving it. At present, the dollar is strong because the US is too. Notwithstanding the IMF’s concern, Ms Yellen’s disregard for conditions outside of the US is unlikely to budge. Nor should it. The next rise in US rates will be the most telegraphed in the Fed’s history. There will be no excuse for a tantrum.用一位很有影响力的货币思想家的话说,“永远不要理性分析价格变动”。重要的不在于货币的汇率,而在于推动汇率波动的因素。目前,美元的强势是由于美国经济的强势。尽管IMF对加息存在顾虑,耶伦无视美国以外状况的态度不太可能改变,也不应该改变。美国下次加息,将成为美联储历史上传达最充分的加息。对此,人们没理由表示不满。来 /201508/390824上海市第九人民医院开双眼皮多少钱黄浦区人民医院去胎记多少钱

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