What does it mean that China is T 1 and not T 0

T+0: It is a securities (or **) trading system. Any trading system that completes the clearing and delivery procedures of securities (or **) and the price on the day of the transaction of the securities (or **) is called T+0 trading.

In layman's terms, it means that the ** securities (or **) of the same day can be sold on the same day. T+0 trading has been implemented in China's securities market, because it is too speculative, in order to ensure the stability of the securities market, China's Shanghai ** Exchange and Shenzhen ** Exchange on ** and ** trading"t+1"The trading method is that if you buy on the same day, you can't sell it until the next trading day. At the same time, the funds are still "T+0", that is, the funds withdrawn on the same day can be used immediately.

The Shanghai ** Exchange implements the steel ** trading is"t+0"How to trade

T+1: A ** trading system, that is, the ** bought on the same day cannot be sold until the next trading day. "T" refers to the transaction registration date, and "T+1" refers to the day following the registration date.

China's Shanghai ** Exchange and Shenzhen ** Exchange implement ** and ** trading"t+1"The trading method, China's ** implements the "T+1" trading system, and the ** bought on the same day can only be sold on the next trading day. At the same time, the funds are still "T+0", that is, the funds withdrawn on the same day can be used immediately.

China uses T+1 for the following reasons:

A system established to protect the bloated body of the banker, another feature of the system is to stifle the flexibility of **. Prevent the shareholders from being too diligent in operation. I feel that this system is more restrictive.

China's T+1 system began on January 1, 1995, mainly to ensure the stability of the market and prevent excessive speculation. T+1 is relatively rare in the world!

Our country has hovered between T+1 and T+0 several times:

In May 1992, the Shanghai ** Stock Exchange implemented the T+0 trading rule after the restriction on price increases and decreases was lifted.

In November 1993, the Shenzhen ** Exchange also cancelled T+1 and implemented T+0.

In 1995, based on the consideration of preventing ** risks, the A-share and ** transactions in Shanghai and Shenzhen were changed from the T+0 rotary trading method to the T+1 settlement system, which has been used to this day.

In February 2001, the B** market of the Shanghai and Shenzhen stock markets was opened internally, and the T+0 rotary trading method was still implemented. As a result, mainland investors are trading A-shares and B-shares in Shanghai and Shenzhen, respectively, with T+0 and T+1 settlement modes, suggesting that the two markets should unify this system as soon as possible.

In December 2001, the B-shares of the Shanghai and Shenzhen stock exchanges were adjusted from T+0 to T+1. At the same time, the convertible bond trading system has been adjusted from T+1 to T+0. Article 106 of the ** Law also clearly stipulates:

**The company accepts entrustment or self-management, and the ** of the same day shall not be sold again on the same day". From a legal point of view, this stipulates that the transaction of China's ** adopts the T+1 method.

T+1 means that the ** of the day ** cannot be sold on the same day and can only be sold on the next trading day, and the ** can still be sold after the day is sold**, that is, it only limits your exit time. This is one of the best trading systems in our country. T+0 means that there is no cycle limit for trading, and you can buy and sell on the same day.

We recently found that a market is the same as **, it is all full trading, all buy first and then sell, the difference is that it can be T+0.

T+1 means that what you buy on the same day cannot be sold on the same day, and you can only sell it the next day; T+0 is the same day to buy and the same day to sell. In China**, warrants can be T+0.

1) Compare the trend of **, compare the strength and weakness with **, and understand the level of participation of the main force. Including its attack, disk protection, suppression, non-participation and other situations, to understand whether the relationship between volume and price is normal, the action of the main force when pulling or suppressing, the authenticity and the intention of the target. Understand the level of engagement and enthusiasm of the average investor.

2) Understand the position and meaning of the day in the chart. Look at the week** and month** again, and understand the level, intention and situation of the main force in time and space.

3) Special care for the first 2 versions of the rise and the last 2 versions of the decline. Understand which ** is quietly strengthening, which ** is at the end of the strong crossbow, which ** is fleeing regardless of the cost, which ** is breaking through the start, which ** is in the strong mid-game, that is, a bit like the census, understanding the situation of each part, so that the ability to understand the situation of the whole ** on the basis of the approximate understanding.

t is the day of the sale.

1 means that the reverse operation can only be done the next day, mainly because the delivery of funds is actually on the evening of T day.

T+0 means that it can be delivered at any time.

Fortunately, the curtains are not underneath, otherwise it will be 3484

T+0 is an abbreviation for the trading and settlement system. In academic research and practical business, T+0 can be subdivided into T+0 trading system and T+0 settlement system. In layman's terms, it means that the funds obtained from selling ** on the same day can be sold on the same day, and the ** of the same day can be sold on the same day (T+0 transaction), and the difference between the purchase and sale transaction and the funds will be cleared and delivered on the same day (T+0 settlement).

The above two are not to be confused, and T+0 settlement is a sufficient and unnecessary condition for T+0 transactions.

Extended Materials. The difference between T+0 and T+1: T+0 and T+1 are both ** trading systems, T+0 is to buy on the same day, you can sell on the same day, and you can buy immediately.

T+1 is to buy on the same day, and you can only sell on the next trading day. T refers to the transaction registration date, T is the time, and T+1 refers to the next day of the registration date.

In May 1992, the Shanghai Stock Exchange was established.

The T+0 trading rule has been implemented. In November 1993, Shenzhen ** Stock Exchange.

T+1 is also abolished and T+0 is implemented.

In 1995, based on the consideration of preventing ** risks, the A-shares of the Shanghai and Shenzhen ** exchanges.

The T+0 rotary trading method has been changed back to the T+1 settlement system, which has been used to this day.

**Law. Article 106 also clearly stipulates: "** company accepts entrustment or self-management, and ** on the same day shall not sell it again on the same day". The law stipulates that A-share trading adopts the T+1 method.

The advantages of T+0 to **: you can correct mistakes on the same day, the original T+1 system, because you can't sell it because you buy it on the same day, you don't have the opportunity to correct your mistakes on the same day. **I bought it today, and suddenly found that it was wrong, and it was impossible to correct it on the same day, and I had to wait until tomorrow to sell it.

Maybe tomorrow there will be heavy losses. Implement T+0, and errors can be corrected on the same day. It is beneficial to mature old stockholders, because mature old stockholders generally do long-term and will not trade frequently, but because of the implementation of T+0, they have a chance to correct their mistakes on the same day.

The disadvantages of T+0 on the **: Falling into frequent transactions, rapid huge losses, our market is immature, especially immature, if you implement T+0, buy on the same day, you can sell on the same day, a lot, especially new shareholders, and half-old stockholders, may trade frequently, on the one hand, waste a lot of fees, on the other hand, the loss rate will increase exponentially, and many ** may become abject poor in one day.

1. The trading hours are different.

T+0 is the settlement of the same day of trading, and T+1 is the settlement of the next day of the same day of trading.

2. The number of capital transactions is different.

T+0 can be bought and sold multiple times. Funds from T+1 cannot be traded on the same day.

3. The use of the market is different.

At present, China's ** market implements a T+1 clearing system, while the ** market implements T+0.

Any trading system that goes through the clearing and delivery procedures of the certificate (or **) and the price on the day of the transaction is called T+0 transaction. In layman's terms, it means that the certificate (or) of the same day can be sold on the same day.

T+0 trading has been implemented in the Chinese securities market, due to the immaturity of the market, resulting in abnormal fluctuations in the market, in order to ensure the stability of the securities market, China's Shanghai Exchange and Shenzhen Exchange on the implementation of the "T+1" trading method.

T+1 refers to the trading time, and the T in it refers to the day of your ****, and +1 is to add one day.

China's Shanghai ** Exchange and Shenzhen ** Exchange implement T+1 trading methods for ** and ** transactions. That is to say, the investor cannot sell on the same day, and can only sell after the delivery and transfer on the next day; Investors sell ** or ** on the same day, and their funds need to wait until the next day to withdraw.

T+1 is essentially a first-class transaction settlement method, and the objects used are A-shares, **, bonds, and repurchase transactions. It means that after the transaction is concluded, the corresponding ** delivery and fund settlement will be completed on the next business day (T+1 day) of the transaction date.

Take A shares as an example, suppose you buy 1 lot of A shares on T day, and you just register the transaction on T day, and the 1 lot of A shares is not transferred to the account, so you can't sell it on T day.

Therefore, on the "T+1" day, the lot of A shares has been transferred to your account, so you can choose to sell.

T+0: The current day of ** can be sold.

T+1: The next day of the current day can only be sold.

Before 1995, the market was using T+0 trading rules, due to the too much speculation of T+0, since 1995, in addition to warrants, T+0 trading rules have been implemented, and T+1 trading rules have been implemented at present.

Although it is currently a T+1 trading rule, we can play a 'side ball', flexibly apply the trading rules, and quickly trade at the bottom, and sell and cash out in time at a high level. The big premise is that it must be a ** market, first of all, it is necessary to build a ** main warehouse in advance, and then carry out the operation of T+0 on the same day when the number of ** is less than or equal to the main warehouse.

If there is a swing band on the day.

You can sell all the ** shares of the day.

Choose your timing.

Not every day you can do it.

The most taboo of T+0 is to chase the rise and kill the fall, remember: in the weak market, you can only take the chase down and kill the rise, sell high and buy low.

Doing T+0 can reduce a lot of risks, improve operability, get psychological and achievement support in the future, and win confidence and rich experience in the future.

Hope it helps.

0 1 t is asynchronous balancing; HDLC is a mode of communication that derives protocols that support isotope-oriented, point-to-point communication between two sites, where either site can initiate that communication.

A data communication method controlled by Advanced Data Link Control (HDLC). Asynchronous refers to the transmission of data between two stations without a common clock, and balance refers to peer-to-peer point-to-point communication between two stations, eliminating the "imbalance" of primary and secondary stations at both ends of the data link.

Protocol structureEach frame has a marker code 01111110 before and after each frame, which is used to indicate the start and end of the frame and synchronize the frame. The flag code is not allowed to appear inside the frame to avoid causing distortion. In order to ensure the uniqueness of the flag code but take into account the transparency of the intra-frame data, the "0-bit insertion method" can be used to solve the problem.

This method monitors all fields except the flag code on the sender side, and when it finds that there are 5 consecutive "1s", it inserts a "0" after them, and then continues to send subsequent bitstreams.

The above content refers to: Encyclopedia - Asynchronous balancing mode.

The engine and both represent the displacement of the engine, referring to the displacement of the naturally aspirated engine and the displacement of the turbocharged engine. Vehicle displacement refers to the volume of fluid sucked in or expelled per stroke or cycle. Car displacement is an important parameter to measure a car.

It can also cancel out some of the vibrations, making the engine run more smoothly. For example, some middle and high-end models that pursue a comfortable and smooth driving experience are still insisting on using a large-displacement V-layout engine, rather than using the more technologically advanced power combination of "small-displacement in-line layout engine + supercharger".

Basic parameters of the internal combustion engine

Let's start with one of the most common engine parameters – engine displacement. Engine displacement is the sum of the working volume of each cylinder of the engine, which is generally expressed in liters (L). The cylinder working volume refers to the volume of gas swept by the piston from top dead center to bottom dead center, also known as single-cylinder displacement, which depends on the cylinder bore and piston stroke.

Engine displacement is a very important engine parameter, it is more representative of the size of the engine than the bore and number of cylinders, and many indicators of the engine are closely related to the displacement volume. In general, the larger the displacement, the greater the engine output.

The above content refers to Encyclopedia-Engine.

T+1 refers to the trading time, and the T in it refers to the day of your ****, and +1 is to add one day.