Chinese Company Nine Dragons and 2009 Crisis, Questions and Answers

Executive Summary This report discusses and analyzes some issues related to the financial situation of Kowloon Paper Co., Ltd. which showed 120% growth rate over the past five years and suddenly disappeared during the 2009 crisis . Meanwhile, the organization faced a sudden change in the business environment. At the time, the company had to issue a profit warning to the shareholders, the market situation was pressured, the company's debt burden was heavy, and the sales increased.

Parul: To answer this question, "Start using block chains, block chains were created in 2009 after the global financial crisis, whose roots are due to the lack of confidence in financial intermediation There is a question to the intermediary (bank, insurance company, administrator). In this context, the main problem with block chain solutions is strengthening trust, a mutually distributed ledger that provides invariant transactions with distributed trusts and storage. record. If many nodes do not know each other or allow mutual trust among people who do not trust each other, the protocol is verified, trusted, and saved as a record.

As it is considered the number of heaven, the ninth day is special in China, and the Chinese dragon is often associated with it. For example, Chinese dragons are usually described by nine attributes, usually 117 (9 x 13) scale - 81 (9 x 9) yang and 36 (9 x 4) yin. This is why there are nine sons of nine dragons and nine dragons in the dragon (see the classical explanation above). Nine Dragon Wall is a spiritual wall with images of nine different dragons in Chinese royal palaces and gardens. As 9 is considered to be the number of emperors, most senior officials were allowed to wear nine dragons on their robes - and then only wear robes completely covered with a jacket . The lower officials were wearing eight or five dragons on their robes, and they were covered again by the court; even the emperor himself wore his robe, of the nine dragons One disappeared.

Early Chinese dragons can draw with 2 to 5 legs. The preference varies depending on the country that uses the Chinese dragon. In Mongolia and Korea, the four claw dragons are used, but in Japanese dragons the three claw dragons are common. During the former dynasty, the five-nail dragon was reserved for the emperor, but the prince used a four-pronged dragon. The usage of Long Yuan was summarized in the original dynasty era, and Phoenix and Five-Prong Double-horned Dragon may not be used for other things like official robes, dishes and cooking utensils. Furthermore, for civilians, it is forbidden to make the unicorn, Os Phoenix (Hakuho), white rabbit, ganoderma, Five Dokdo dragon, Hakka doll, Kowloon fabric "all patterns". Year, wealth, number of longevity, and golden color. "