4. The transferability of shares, that is, the shares held by shareholders may be transferred according to law. Such as "company law" the one hundred and forty-second regulation, company directors, supervisors and senior managers shall declare to the company's shares held by this company and its changes, in office during the transfer of shares shall not be more than a year the company shares he holds 25% of the total; The shares held by the company shall not be transferred within l years from the date of the listing of the shares of the company. The company's directors, supervisors and senior managers shall not transfer their shares in the company within half a year. In addition, the company law allows the company's articles of association to assign other restrictive provisions to the company's directors, supervisors and senior managers in the transfer of its shares of the company. The allocation of shares means that the company assigns the shares to the subscribers according to certain allocation methods according to the sponsors and (or) other shares subscribed by the company. If the total amount of subscription exceeds the total amount issued, the allocation shall be determined according to certain principles. Payment of shares and allocation of shares are two aspects of the same activity. After the allocation of shares, the name or name of the shareholder shall be recorded on the list of shareholders. Under the conditions of open economy, the scale of international capital flows is huge, which greatly exceeds international trade volume, indicating the great development of financial globalization. The impact of interest-rate differentials on exchange rate movements is more important than in the past. When a country tightening credit, interest rates will rise, character formed in the international market interest rate difference, will cause the short-term funds internationally mobile, capital generally always is flowing from countries with low interest rates to countries with high interest rates. After all, with tighter regulation and tight capital, high interest rates and high limits mean high risk, but investors should also be careful not to put money in one basket. "British shoppers more savvy than ever before, and ready to search the best deals on the net, the gimmicks and discount stores provide more and more sensible, many people now realize that may not be as they first appear.