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The State Council ", 38th article" setting in all kinds of exchanges the SFC was ordered to take the lead on November 24, the State Council officially released "38th" on reorganization of the various trading venues effectively guard against financial risks of the decision, said it would straighten up property rights Exchange, cultural art trading and forward trading of commodities, and other trading venues. Capital inflowsUnit (eleven-twenty fifths) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved!　　However, after the State Council officially issued, Tianjin culture exchanges of works of art remain fearless policy risks, says a new batch of works of art share listing has been approved. Tianjin Exchange: no fear policy risksNew share of the State Council "38th" explicitly pointed out that, with the exception established by law or approved by the State Council of the stock exchange trading venues outside of the financial products transaction, any interest in trading floors shall be any split into equal shares public offering shall not adopt a centralized price bidding, market makers, and other centralized trading means transactions; interest shall not be in accordance with the standard trading unit continues hangingCard transactions, any selling after investors buy or sell after buying the same trades time interval shall not be less than 5 business days. When this policy is still blowing stage, the exchanges had been a rainy day, Han and Tang dynasty art suspension for all trades since Tuesday, November 20 the Hunan Exchange has previously issued two works of art share in cleared. MoreMore text is in a wait state, waiting for developments. However, "the lead in big brother" Tianjin Exchange is still functioning.　　"38th" published the same day, issued a notice of the Tianjin Exchange, said a group of art through works of art painting classes share listing audited by the Audit Committee, the listing will be announced in notice. This behavior of the Tianjin Exchange leaves CityGuess its already "dead", so he has risen to policy risk, still selling new works of art share.　　It was reported that the Tianjin government official had said to the media, Tianjin was approved by the State Council of the financial reform and innovation of new coastal area by one pilot. However, the Tianjin Exchange's market remains depressed, funding is inactive. Closing as of yesterday, Tianjin Exchange4 pieces of traded shares dropped below their IPO price of works of art, the former star of "roaring of the Yellow River" and "Yan Saiqiu" has fallen to below $ 2, the scenery is no longer. Journalists observe art shares traded in the "drum flower" Mr Lo is the first attempt of the game "Tianjin Exchange" mode of the investor, with more than 1 million admission and made a little took most of the fundsLee away from the field, and the remaining tens of thousands of dollars all in Yellow River roaring (20,001), however more than half a year is over, this investment has lost more than 20,000 yuan star wars the old republic, "there may be 10,000 to thousands of it, I now do not care about it. "Mr Lo said.　　Together with Mr Lo and the entry of friends also walked 7788. "Cultural exchange" pattern along the way, many investorsWhat investments are works of art also is involved in a money chase game? Investors believe a senior Exchange mode, because of the future cash flow unpredictable art, market low realisation, collection-specific attributes such as hard copy and valuation cannot be quantified, it is difficult to find references in the art market, the real price and collectibles market is seriously out of, and very fewInvestors hope that the "Exchange" share delisting of works of art or buy art directly from this channel. "For now, art share trading is more like a round of funding and capital transactions, drumming fancy trading patterns into the mainstream, real value is reduced by securitization.　　"People in the industry, Mr Chan said. Tianjin Exchange was first established, low threshold,Multitude and liberal trading rules so that the art investment this niche market into public Carnival, but in March this year decided to revise rule under the Tianjin Exchange in a variety of pressures, increase 10 times swtor power leveling, strict control of the threshold market price system for "t-0" trading patterns become "cloud". Rule too restrictive limits the activity of market, deregulation and moreMuch pressure, which is around the problems in the Exchange were more or less. Although later established Exchange continues to improve, but still has many problems, it is the way in exploring the best trading patterns.