杭州夜生活论坛

　　Sino-Singapore Jingwei client April 4 (Wei Wei) Every Friday, there will be major events. On April 3, the central bank released two heavy news. First, it lowered the deposit reserve ratio for small and medium-sized banks by 1 percentage point and released long-term funds. About 400 billion yuan; Second, since April 7, the interest rate of excess deposit reserve of financial institutions in the central bank has been lowered from 0.72% to 0.35%.

　　Less than 20 days later, the central bank announced the targeted cuts to required reserve ratios again, and after a lapse of 12 years, it resumed lowering the interest rate of excess deposit reserve. What is the significance behind the central bank? What impact will it have on the people’s money bags?

　　Small and medium-sized banks were selected for the third RRR cut during the year.

　　It is reported that this RRR cut is the third RRR cut during the year. On January 1 and March 16 this year, the central bank conducted a comprehensive RRR cut and a inclusive finance targeted cuts to required reserve ratios respectively, which released 800 billion yuan and 550 billion yuan respectively.

　　Only after more than half a month, the central bank once again to the small and medium-sized bank targeted cuts to required reserve ratios. The specific content is to reduce the deposit reserve ratio by 1 percentage point for rural credit cooperatives, rural commercial banks, rural cooperative banks, rural banks and city commercial banks operating only in provincial administrative areas, and implement it twice on April 15 and May 15, with each reduction of 0.5 percentage point, releasing a total of about 400 billion yuan of long-term funds. According to the introduction of the central bank, after the RRR cut, the deposit reserve ratio of more than 4,000 small and medium-sized deposit-taking financial institutions dropped to 6%.

　　On March 31st, the the State Council executive meeting decided to further strengthen the inclusive financial support measures for small and medium-sized enterprises, including further implementing the targeted cuts to required reserve ratios for small and medium-sized banks, and guiding small and medium-sized banks to provide loans to small and medium-sized enterprises with a wide range of preferential interest rates.

　　"This RRR cut is the third RRR cut this year. Such a high-frequency RRR cut not only reflects the gradual exertion of countercyclical regulation, but also shows the urgency of epidemic prevention and control and economic recovery and development." Wen Bin, chief researcher of China Minsheng Bank, told Zhongxin Jingwei client.

　　Why did small and medium-sized banks choose this RRR cut? Wen Bin explained that on the one hand, due to the large number of small and medium-sized banks, the number of them accounts for 99% in the banking system, and they are rooted in the grassroots and are inherently inclusive, which is an unattainable force for serving small and medium-sized enterprises at the grassroots level; On the other hand, on March 16th, targeted cuts to required reserve ratios, both large banks and joint-stock banks received a large degree of preferential reserve ratio, so this targeted cuts to required reserve ratios targeted at small and medium-sized banks. The release of long-term funds through this RRR cut will help support small and medium-sized banks to better focus on their main business, increase credit supply to small and medium-sized enterprises, reduce financing costs, and achieve accurate relief.

　　Li Qilin, chief economist of Yuekai Securities and president of the research institute, analyzed that in 2018-2019, the supervision continued to strengthen the importance of inclusive finance, and after the inclusive finance loan requirements were put forward for banking financial institutions, all banks and small banks were making efforts in inclusive finance business. However, big banks have cheaper liabilities, are more willing to invest, and can quote lower loan interest rates to small and micro enterprises. In contrast, the competitiveness of small banks is obviously weaker, and it is more difficult to achieve regulatory targets. Now targeted cuts to required reserve ratios, plus the previous refinancing and rediscounting of more than one trillion yuan, can make small and medium-sized banks have enough cheap debts, give them more chips to serve small and micro enterprises and other inclusive customers, and better compete with big banks.

　　However, Li Qilin further expressed his concern about the risk of lending. He believed that for some small banks in areas with underdeveloped economy and few customers of high-quality small and micro enterprises, they may not be willing to expand their risk exposure and lend to high-risk enterprises even if they have more cheap debts. However, the RRR cut has at least diluted the debt cost of these banks, protected their interest margins and profits, and made them better cope with the risks brought by the deterioration of asset quality in the depressed economic environment.

　　Reduce the excess reserve interest rate after 12 years.

　　What is the excess reserve interest rate? The central bank explained that the excess reserve is the money that deposit-taking financial institutions voluntarily deposit in the central bank after paying the statutory reserve, which is at the discretion of banks and can be used for liquidation and cash withdrawal at any time. The People’s Bank of China pays interest on the excess reserve, and its interest rate is the excess reserve interest rate.

　　In fact, the last time the interest rate of excess reserve was lowered was back to 2008, when the interest rate was lowered from 0.99% to 0.72%, and it has not been adjusted since then. The central bank said that lowering the interest rate of excess reserve from 0.72% to 0.35% this time can promote banks to improve the efficiency of capital use and promote banks to better serve the real economy, especially small and medium-sized enterprises.

　　"This tool is mainly to force commercial banks to increase credit supply. The excess reserve interest rate is the rate of return that banks get by putting their deposits in the central bank. Now the decline of this interest rate actually encourages banks not to put all their money in the central bank, but to lend their money out to support the real economy. The European Central Bank’s excess reserve interest rate is negative, which means that banks have to charge for putting money in the central bank. In fact, it is also to force banks to lend. " Ming Ming, deputy director of CITIC Securities Research Institute, analyzed the Sino-Singapore Jingwei client.

　　Wang Qing, chief macro analyst of Oriental Jincheng, explained that it is generally believed that the excess deposit reserve interest rate (also known as "excess deposit interest rate") is the lower limit of the interest rate corridor in China. Considering that the 7-day reverse repurchase interest rate and MLF interest rate in the previous policy interest rate system have been adjusted 2-3 times, the reduction of the over-reserve interest rate reflects the linkage of the policy interest rate system to a certain extent, which is helpful to maintain the orderly operation of the interest rate corridor.

　　Wang Qing also believes that the central bank’s sharp reduction of the interest rate on excess reserves is actually urging commercial banks to increase their lending to enterprises, and not to hoard the liquidity released by the central bank in their own hands or deposit it in the money market. Recently, the average value of DR007 has been significantly lower than the central bank’s 7-day reverse repo rate. This means that under the current situation, the central bank hopes to see the growth rate of RMB credit further accelerated, especially in terms of the growth rate of credit supply to small and medium-sized enterprises. It is expected that the growth rate of RMB loans in financial data in the coming months is expected to accelerate.

　　Financial yield may be lower.

　　Will the reduction of interest rates on targeted cuts to required reserve ratios and excess deposit reserve affect the bank’s financial yield?

　　"As the investment yield of the entire banking system declines, in the long run, the financial yield will drop significantly." Clearly stated.

　　Yin Yanmin, an analyst at Rong 360 Big Data Research Institute, analyzed the client of Zhongxin Jingwei, saying that monetary policy continues to be loose and funds are continuously released to the market. For fixed-income investment products, the overall income level will further decline, and the income of bank wealth management products and money funds will continue to decline in the future, and low-risk fixed-income products with high yield will become less and less.

　　She suggested that investors with low risk tolerance should try to choose medium and long-term wealth management products if their liquidity requirements are low, and lock in a relatively high rate of return in advance.

　　Limited impact on the stock market and property market.

　　According to wind statistics, since November 2011, the central bank has lowered the RRR for 20 times (including targeted cuts to required reserve ratios). According to the announcement of the stock market’s ups and downs the next day, the Shanghai Composite Index has fallen for 9 times and rose for 11 times, which has different impacts on the A-share market.

　　Yang Delong, chief economist of Qianhai Open Source Fund, told Zhongxin Jingwei that the valuation of the A-share market is now at the bottom of history, and the P/E ratio of SSE 50 is only 9 times, which is in a state of falling, so there is no condition for a sharp decline in the market.

　　He believes that if the A-share market really wants to strengthen, it needs to wait until the overseas epidemic turns to an inflection point, and the number of confirmed cases in the United States and Japan tends to decline, then it will really usher in a chance of a sharp rebound. In the short term, the market is more structural. It is suggested that investors can look for opportunities from the three major directions of consumption, brokerage and technology, especially some consumer industries that were greatly affected by the epidemic in the first quarter, and now they are gradually recovering, and white horse stocks are also welcoming a new round of opportunities. It is suggested that investors can actively lay out.

　　In addition, many people are concerned about whether the RRR cut will have an impact on the property market. In this regard, Zhang Dawei, chief analyst of Zhongyuan Real Estate, pointed out that the RRR cut is not for real estate, but to reduce the financing cost of enterprises. The Central Economic Work Conference also proposed that a prudent monetary policy should be flexible and moderate, maintain a reasonable and sufficient liquidity, and increase the scale of monetary credit and social financing in line with economic development to reduce the cost of social financing. Under the clear requirements of "housing and not speculating" and "not using real estate as a short-term means to stimulate the economy", the funds released by the RRR cut are strictly controlled to enter the real estate field.

　　Zhang Dawei believes that although the RRR cut for small and medium-sized banks has little direct impact on real estate, historically, as long as it is lowered, it will be good for real estate, which can alleviate the financial pressure of real estate enterprises, and in addition, it can also obtain relatively stable credit prices for home buyers’ mortgages.

　　MLF interest rate and LPR quotation are expected to go down in April.

　　So how will monetary policy go in the future? Many industry experts believe that China is at the critical stage of resuming work and production, and steady growth will surely become the core task of economic development throughout the year. In the future, the monetary policy should be adjusted against the cycle, the transmission channels of monetary policy should be dredged, and the actual financing cost of enterprises should be gradually reduced.

　　Dong Ximiao, a special researcher at the National Finance and Development Laboratory, told the client of Zhongxin Jingwei that in the early stage, the banking industry generally reduced profits and fees for the prevention and control of epidemic situation and the resumption of production. In the case that the profit growth of banks is affected, the benchmark deposit interest rate can be lowered in a timely and appropriate manner to further reduce the debt cost of banks and enhance the initiative and sustainability of banks’ service improvement. For small and medium-sized banks, it is more important to help broaden debt channels, enrich debt sources and allow more flexible interest rate floating space.

　　At the same time, we should further reform and improve the LPR related mechanism and deepen the market-oriented reform of loan interest rates. At present, we should step up the conversion of the pricing benchmark of existing floating interest rate loans, unblock the transmission channels of monetary policy by means of reform, and promote the gradual decline of the actual financing costs of enterprises.

　　Wen Bin believes that in the next stage, it is still necessary to continue to increase countercyclical adjustment and reduce the cost of social financing, which is the core work of monetary policy. It is expected that the central bank will lower the MLF interest rate and guide the LPR to go down before the LPR is announced in April. In addition, the upcoming 1 trillion yuan refinancing rediscount, 300 billion yuan micro-financial bonds, and 1 trillion yuan more corporate credit bonds than the previous year will all help broaden the low-cost financing channels for small and medium-sized enterprises.

　　Wang Qing pointed out that MLF interest rate and LPR quotation are expected to resume downward trend in April, and the counter-cyclical adjustment of monetary policy will be significantly strengthened. Considering that the central bank’s 7-day reverse repo rate has been lowered by 20 basis points on March 30, it is expected that the bidding rate for routine MLF operations will also be lowered by the same amount this month. This will drive the one-year LPR quotation to resume its downward trend on April 20, and it is estimated that the downward trend will also be 20 basis points, and the five-year LPR quotation may also decline by 10 basis points.

　　He analyzed that the lower LPR quotation will drive the bank loan interest rate to drop even more, and from the perspective of the bank’s capital source, the lower money market interest rate can’t make up for the bank’s loss in net interest margin. Considering the macro-economic factors such as cost reduction, inflation control and risk prevention, the benchmark deposit interest rate may have a small downward adjustment space of about 0.25 percentage points, and it is more likely to be implemented after the CPI drops significantly year-on-year in the second half of the year. This means that in the coming period, in order to effectively reduce the financing costs of enterprises, banks will make moderate profits to the real economy. (Zhongxin Jingwei APP)

Hunan Provincial Price Bureau&ensp;Hunan Provincial Department of Housing and Urban-Rural Development on Issuing<湖南省城市供水价格管理办法>Notice "

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Xiang Jia fu [[2013] No.12

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Hunan Provincial Price Bureau and Hunan Provincial Department of Housing and Urban-Rural Development

Notice on Issuing the Measures for the Administration of Urban Water Supply Price in Hunan Province

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Cities, prefectures and counties(city, district) Price Bureau, Housing and Urban-Rural Development Bureau (Project Construction Committee, Planning and Construction Bureau), Urban Management Bureau, Public Utilities Bureau, Changsha Water Affairs Bureau, Xiangtan Water Affairs Bureau, Yueyang Tieshan Engineering Management Bureau and Water Affairs Bureau:

In order to give full play to the positive role of price lever in water resources allocation, water demand regulation and water pollution prevention and control, and promote safe water supply and water conservation, according to the Notice of the National Development and Reform Commission and the Ministry of Housing and Urban-Rural Development on Doing a Good Job in Urban Water Supply Price Management (Development and Reform Price [No.1789 [2009]), Guiding Opinions of the National Development and Reform Commission on Doing a Good Job in the Open Pilot Work of Urban Water Supply Price Adjustment Cost, Measures for the Supervision and Examination of Urban Water Supply Pricing Cost (Trial) (No.2613 [2010] of the Development and Reform Commission) and the Decision of the provincial government on Expanding the Economic and Social Management Authority of Counties (Cities) (Order No.249) are now revised.

Attachment: Measures for the Administration of Urban Water Supply Price in Hunan Province

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Hunan Provincial Bureau of Commodity Price&ensp; &ensp; &ensp; Hunan Provincial Department of Housing and Urban-Rural Development

January 10, 2013

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CC: National Development and Reform Commission, Ministry of Housing and Urban-Rural Development, Provincial Legislative Affairs Office, and all units directly under the Provincial Price Bureau.

Hunan Provincial Bureau of Commodity Price Office&ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; &ensp; Issued on 15 January 2013

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Measures of Hunan Province for the Administration of Urban Water Supply Price

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chapter one&ensp; general rules

the first&ensp;In order to give full play to the positive role of price lever in water resources allocation, water demand regulation and water pollution prevention and control, promote safe water supply and water conservation, safeguard the legitimate rights and interests of both water supply and water users, and promote the sustainable development of urban water supply, these measures are formulated in accordance with the provisions of the Price Law, the Regulations on Urban Water Supply and relevant state documents, combined with the actual situation in our province.

the second&ensp;These Measures shall apply to the price behavior of urban water supply in our province, including public water supply enterprises and non-public water supply enterprises for social water supply.

Article&ensp;Urban water supply price refers to the price of commercial water supplied to users by urban water supply enterprises (including non-public water supply enterprises that supply water to the society, the same below) through certain engineering facilities to purify and disinfect surface water and groundwater to make the water quality meet the standards prescribed by the state.

Article 4&ensp;The price department of the people’s government at or above the county level is the competent department of urban water supply price; Urban water supply departments at or above the county level shall, in accordance with the division of responsibilities, assist the price departments at the same level to do a good job in urban water supply price management.

Article 5&ensp;The price of urban water supply is an important public utility price. According to the principle of unified leadership and graded examination and approval, government pricing management is implemented. The provincial price department is responsible for formulating the measures for the management of urban water supply prices in the whole province and approving the water supply prices in the cities under the jurisdiction of the province; The competent price department of the city under the jurisdiction of the province is responsible for the audit of the water supply price of the city where it is located and the daily supervision of the area under its jurisdiction; County (city, district) price departments responsible for the area of urban water supply price approval and daily supervision. If a water supply enterprise implements cross-administrative water supply, its price shall be examined and approved by the common price department at the next higher level. According to the National Law on Regional National Autonomy, the administrative authority of urban water supply price in Xiangxi Autonomous Prefecture is determined by the competent price department of the state people’s government and reported to the state people’s government.

chapter two&ensp; Classification and composition of water price

Article 6&ensp;Urban water supply adopts classified water price. According to the nature of use, it is divided into three categories: residential water, non-residential water and special water. The price comparison between all kinds of water prices is unified in the whole province as follows1：1．5：4。

(1) The domestic water for residents refers to the domestic water for residents’ families and troops, as well as the water for school teaching and students’ life that conforms to the national policies.

(2) Non-resident domestic water refers to the water used by industries, business services and institutions.

(3) Special water refers to water used for bathing and car washing.

The specific scope of urban classified water price shall be determined and published by the competent price department of the city where it is located in conjunction with the competent water supply department of the city.

Article 7&ensp;The price of urban water supply consists of water supply cost, expenses, taxes and profits.

(a) the accounting of water supply costs and expenses should follow the relevant provisions of the Measures for the Supervision and Examination of Price Costs Formulated by the Government, the General Principles of Enterprise Finance and the Accounting Standards for Enterprises.

(II) The determination of the pricing cost and expenses of urban water supply shall be verified in accordance with the Measures for the Supervision and Examination of Government-formulated Price Costs and the Measures for the Supervision and Examination of Urban Water Supply Pricing Costs (Trial) of the National Development and Reform Commission.

(three) the tax included in the price of urban water supply shall be audited according to the provisions of the national tax law.

(four) the profit in the price of urban water supply shall be determined according to the profit rate of net assets.

Article 8&ensp;The reasonable profit level of urban water supply enterprises is determined according to different sources of funds.

(a) mainly invested by the government, the enterprise’s net assets profit rate is not higher than.6％；

(two) mainly invested by enterprises, including the use of loans, the introduction of foreign capital, the issuance of bonds or stocks and other ways to raise funds to build water supply facilities, the profit rate of net assets during the repayment period is not higher than.12%, after the repayment period, the profit rate of the enterprise’s net assets is not higher than 10%.

Article 9&ensp;Price and water supply departments at all levels should urge urban water supply enterprises to strengthen the assessment of water intake, water supply, water sales and various water use ratios, and strictly control the water loss in all aspects of water production, transmission and distribution and water sales within a reasonable range.

(a) the reasonable loss of the water-making process, that is, the difference between the water intake and the water supply (the water used by the water plant), is determined according to the water quality and the water-making process, but the maximum shall not be exceeded.10%。

(2) The reasonable loss of water transmission, distribution and sale is the difference between water supply and water sale (the difference between production and sales), which is determined by combining the scale of urban water supply, the old and new degree of pipe network and the rate of meter reading to households. The ratio of urban water supply enterprises directly reading meters to household users is in20% and below, the production and marketing slip shall not exceed 18%, and the ratio of urban water supply enterprises directly reading meters to household users (including residential users covered by wholesale prices) is above 20%. For every 10 percentage points increase, the production and marketing slip shall increase by 1 percentage point, but the maximum shall not exceed 26%.

Article 10 Advocate the use of reclaimed water in municipal public facilities such as urban fire protection, sanitation and greening. If reclaimed water cannot be used for the time being and urban water supply is needed, meter charging shall be implemented. If meter charging conditions are not available for the time being, water supply enterprises shall apply for the annual water supply of the city.3-5% of the water is purchased by the city government at the first step price of residents’ domestic water.

Urban water supply enterprises shall provide free water for urban low-income families and poor families, and water supply enterprises shall apply to the city government for corresponding water fee subsidies.

chapter three&ensp; Establishment of water price

Article 11&ensp;The pricing of urban water supply should follow the principles of cost compensation, reasonable income, water conservation and fair burden.

Article 12&ensp;In addition to the classified price of urban water supply, conditional cities should implement it."two-part system" and "three-step" water price system.

"Two-part system" refers to the water price system that combines capacity water price and metering water price. Capacity water price is used to compensate the fixed cost of water supply; Metered water price is used to compensate the operating cost of water supply.

Article 13&ensp;When the domestic water price of urban non-residents is two-part, it should be connected with the relevant provisions issued by the state on the progressive price increase of fixed water and over-fixed water.

Article 14&ensp;The calculation formula of two-part water price is as follows:

1. Two-part water price = capacity water price+metering water price

2. Capacity water price = capacity base price × capacity base of each household;

3. Base price of capacity = (annual depreciation of fixed assets+annual investment interest in fixed assets)/annual water production capacity.

4, residents’ domestic water capacity water price base = average population per household × planned average consumption per person per month;

5. The water price base of non-resident domestic water capacity is: the average water consumption in the previous year or three years, and the new water users are calculated according to the approved water consumption;

6. Metered water price = base metering price × actual water consumption;

7. Base price of measurement = [cost+expense+tax+profit-(annual depreciation of fixed assets+annual investment interest in fixed assets)]/annual actual water sales.

Article 15&ensp;A progressive price increase system for non-resident domestic water and special water is implemented. On the basis of the implementation of water quota management by the competent water supply department, the water price of the household terminal shall be implemented within the quota (planned) water consumption, and the water price shall exceed the plan and quota.The price of water within 20% will be increased by 50%, the price of water exceeding 20% and less than 40% will be increased by 100%, and the price of water exceeding 40% will be increased by 150%.

Article 16&ensp;Urban residents’ domestic water consumption can be based on the realization degree of direct meter reading and charging by urban water supply enterprises, and the step-by-step metering of water price can be implemented, reflecting the principle of using more water and paying more.

The stepped metering water price is divided into three levels, and the grade difference is1：1.5：2。

The calculation formula of stepped metering water price is as follows:

1. Step-by-step metering water price = first-level water price × first-level water base+second-level water price × second-level water base+third-level water price × third-level water base;

2, residents’ domestic water metering water price level 1 water base = average population per household × planned average consumption per person per month;

The average number of people per household is determined according to the number announced by the local government statistics department.

Article 17&ensp;The first-level water base of stepped water price for residents’ domestic water shall be formulated in accordance with the principle of ensuring residents’ basic domestic water; The secondary water base is determined according to the principle of improving and improving the quality of life of residents; The third-level water base shall be formulated according to the principle of satisfying enjoyment and special needs.

Article 18&ensp;Where the city implements the stepped water price for residents’ domestic water, the first level of water in the province is uniformly determined as per household month.15 cubic meters, the family resident population of more than 4, according to the actual number of nuclear increase of 4 cubic meters per person per month. Two or three water base by the city, county (city, district) price, urban water supply departments according to the national and provincial water quota and promote the improvement of people’s quality of life principle reported to the local people’s government to determine.

All localities shall set up special funds for the water fee income of residents’ domestic water stepped price and non-residents’ domestic water and special water exceeding the quota (plan), and the progressive price increase shall exceed the basic water price.The principle of "take it from water and use it for water" is specially used for the construction of the second water source in the city, the laying of new pipe networks on new roads in the city and the technological transformation of water supply quality. Regularly accept the supervision and inspection of price, urban water supply departments and audit departments.

Article 19&ensp;The calculation method for the classified price of urban water supply is:

1. Basic water price (average water price) = (water supply cost+expenses+taxes+profits)/water sold.

profit= enterprise net assets × net assets profit rate

The tax is the total tax in the same period.

The amount of water sold is the same period.

2. Calculation of various water prices:

Domestic water price for residents= (water supply cost+expenses+taxes+profits)/(domestic water consumption of residents +1.5 domestic water consumption of non-residents +4 special water consumption)

Non-resident domestic water price=1.5× price of domestic water for residents.

Special water price=4× price of domestic water for residents

The classified water sales volume is the same period.

Article 20&ensp;Cities that are dominated by tourism or have obvious seasonal consumption characteristics can implement seasonal water price floating, but the maximum floating rate should not exceed the basic water price.20％。

Article 21&ensp;Water supply enterprises should implement wholesale water supply prices for water supply units or property management communities that have not yet achieved direct meter reading to household users. Wholesale price is based on the amount of water sold and the price of domestic water for residents.6-8% discount.

Article 22&ensp;Encourage urban water supply enterprises to gradually implement unified secondary water supply management. If the secondary water supply facilities are built or transformed and handed over to water supply enterprises for management, the operation and maintenance costs will be included in the cost of water supply enterprises. For residential buildings and other high-rise buildings that have not yet unified the secondary water supply, the price increase standard can be calculated according to the actual pressurized electricity fee and reported to the local price department for the record before implementation.

The calculation method of pressurized electricity charge for secondary water supply is as follows:

Unit pressurized electricity fee= (power of pressurizing facilities× operation time of pressurizing facilities )× electricity consumption unit price/pressurized water volume, or (unit pressurized electricity fee = monthly average pressurized electricity fee/monthly average pressurized water volume)

Article 23 Urban water supply enterprises not only meet the public water supply, but also meet the special needs of direct drinking water and unit production and scientific research voluntarily applied by residential quarters, and their prices are determined through consultation between the supply and demand sides and reported to the local price authorities for the record.

chapter four&ensp; Water price declaration and approval

Article 24&ensp;A water supply enterprise that meets one of the following conditions may apply to the local price department for price adjustment:

(a) according to the laws and regulations of the state, the price is not enough to compensate for simple reproduction;

(two) the government subsidies still can not reach the prescribed rate of return on net assets;

(three) reasonable compensation to expand the investment in reproduction;

(four) water source construction and process and pipe network transformation to improve the quality of water supply.

Article 25 &ensp;The application report for price adjustment put forward by the water supply enterprise should explain the basic situation of the enterprise, the production and operation situation in the past three years (including the changes in income, financial cost and its main components), the specific opinions and reasons for asking for price adjustment, and the impact on various downstream users.

Article 26 After accepting the application for adjusting the price of water supply, the competent price department shall solicit the opinions of the competent water supply department at the same level and supervise and examine the price and cost according to the regulations. County (city, district) price departments have not set up price cost supervision and examination institutions, and should entrust the cost supervision and examination institutions of the price departments at the next higher level to conduct price cost supervision and examination.

Article 27&ensp;The price adjustment of urban water supply is subject to the open system of price and cost.

(1) The cost of water supply enterprises is open. Urban water supply enterprises should make public the relevant operating conditions and cost data of the enterprises, as well as other important information about water price adjustment that the public is concerned about and concerned about through the enterprise website or the website of the local government. The time for the cost disclosure of water supply enterprises is not less thanOne month, the deadline is the day when the water price adjustment hearing is held.

(2) The supervision and examination of pricing cost shall be made public. The competent pricing department of the government may invite relevant NPC deputies, CPPCC members, experts and scholars to participate in the cost supervision and examination, and publish the cost supervision and examination report through the local price government website, explaining the differences between the financial costs of enterprises and the government pricing costs and their causes. The time when the cost supervision and examination is made public is before the hearing of water price adjustment is held.On the 15th, the deadline is the day when the water price adjustment hearing is held.

Article 28&ensp;Price hearing should be held to adjust the price of urban water supply. The specific operation measures of the hearing shall be implemented in accordance with the provisions of the "Measures for Hearing Government Price Decisions".

If the non-enterprise responsibility leads to the difference between the enterprise financial cost and the government pricing cost, the host of the hearing shall send an invitation to the relevant departments and inform them to explain the promised time and measures at the meeting.

It is advocated to establish a linkage mechanism between urban water supply price and the adjustment of water supply price and water resource fee of upstream water conservancy projects, and it is allowed to take a hearing and adjust the water price year by year.

Article 29&ensp;After the price hearing, the competent price department shall timely report the relevant information of the hearing and the minutes of the meeting to the local government for research opinions, which shall be implemented after the approval of the provincial competent price department, and implemented after the county (city, district) reports to the competent price department at the next higher level for the record.

Article 30&ensp;After the city water supply price adjustment plan is approved, it shall be announced to the public in a timely manner. And from the date of implementation of the price adjustment document, the original price will be implemented for the first meter reading and the adjusted price will be implemented for the second meter reading.

chapter five&ensp; Implementation and supervision of water price

Article 31&ensp;Urban water supply is transported by different water-making enterprises, and each water-making enterprise is allowed to determine the corresponding online settlement price through bidding (or approved by the city price department), but the same classified price must be implemented for water supply in the same city.

Article 32&ensp;Urban water supply enterprises should install meters to households, water supply enterprises directly read meters to households, and charge by metering. Cities that have not yet realized the installation of meters to households and direct meter reading to households should make plans to speed up.In the process of "one household, one meter" transformation, the related transformation costs can be included in the cost of water supply enterprises, or in a period of time, combined with the adjustment of water price, a special fund for household meter transformation of no more than one cubic meter of 0.2 yuan will be set up to enter the water price, and the "one household, one meter" transformation costs will no longer be charged to residents.

Article 33&ensp;Mixed water should be metered according to the water category. If the water consumption is not measured by the water consumption category, the water supply enterprise can verify the proportion of different types of water consumption with the user within the negotiation period to determine the settlement water price. If the water consumption is not measured by the water consumption category due to the user’s reasons, the settlement water price shall be higher.

Article 34&ensp;If an urban water supply enterprise installs water supply network facilities for new and old houses or building facilities without water supply network, it may charge installation and construction fees according to the charging standards approved by the competent price department of the city, county (city, district) where it is located. In addition, no water supply account opening fee, capacity increase fee and other similar fees shall be charged.

Article 35 Sewage treatment fee and domestic garbage treatment fee collected with water fee shall be implemented according to the spirit of relevant provincial documents and the specific provisions of the local government.

Article 36&ensp;City water supply enterprises should pay attention to all kinds of water prices, charging items, charging standards, document basis and price complaint telephone number in the business premises.12358, etc. for publicity.

Article 37&ensp;The water quality and water pressure of urban water supply enterprises should comply with the Hygienic Standard for Drinking Water and the Regulations on the Management of Urban Water Quality. Because the water quality is not up to standard, causing adverse effects and economic losses to users, users have the right to complain to the competent department of water supply, and water supply enterprises should bear corresponding legal responsibilities in accordance with the provisions of the Regulations on Urban Water Supply.

Article 38&ensp;The user shall pay the water fee at the time agreed in the water supply contract in accordance with the prescribed measurement standards and water price standards.

Article 39&ensp;Water supply departments at all levels should establish and improve the supervision system of urban water supply quality, strengthen the management of various water measuring and measuring facilities, and ensure the safety of water quality.

Article 40&ensp;Price departments at all levels shall, jointly with the water supply departments at the same level, strengthen the supervision and inspection of the implementation of urban water supply prices, accept price complaints in a timely manner, and investigate and deal with price violations according to law.

Article 41&ensp;The competent price departments at all levels shall strictly abide by the provisions of these measures, and the price of water supply shall be corrected by the competent price department at the next higher level in violation of the provisions of these measures.

Chapter vi&ensp; supplementary provisions

Article 42&ensp;As mentioned in these Measures"City" refers to cities and counties.

Article 43&ensp;These Measures shall be interpreted by the Provincial Price Bureau.

Article 44&ensp;After the promulgation of these measures, the price of urban water supply will be adjusted. The original "Measures for the Implementation of Urban Water Supply Price Management in Hunan Province" (Hunan Price Service [[2010] No.19) shall be abolished at the same time. In the past, the relevant provisions of our province were inconsistent with these measures, and these measures shall prevail.

&ensp;

CCTV News:In the first three quarters, the consumer market showed resilience, the market sales scale kept expanding, consumption upgrading continued to advance, and new consumption grew steadily.

In a shopping mall in Jiguanshan Township, Shangli County, Pingxiang City, Jiangxi Province, an intelligent home system attracted the villager Rong Jinwen. Since the beginning of this year, there have been several talking and working appliances in their home. Not only can you buy offline, but with the continuous improvement of rural logistics and commercial facilities, villagers can buy goods with the same quality and price as the big supermarkets in the city without leaving the village through the postal public service station in the village.

According to the data released by the National Bureau of Statistics, the rural consumer goods market has maintained a stable recovery since this year. In the first three quarters, the retail sales of rural consumer goods reached 4,255.2 billion yuan, up 0.9% year-on-year, and the growth rate was 0.2 percentage points higher than that of urban consumer goods. Quarterly, the retail sales of rural consumer goods in the third quarter increased by 3.2% year-on-year.

While the resilience of the consumer market has emerged, consumption upgrading has also continued to advance. In a shop of ski equipment in Ningbo, Zhejiang, the reporter saw that many skiers were buying ski supplies.

The Winter Olympics has ignited the "ice and snow enthusiasm" of southern cities, and more complete ski equipment and more professional ski resorts have become the new fashion of consumers.

Hongbao Resources (01131) announced that on December 14, 2016, the Group completed the acquisition of a biodiesel plant in Arkansas, USA through a subsidiary, at a cost of US$ 2.97 million.

Immediately after the completion of the acquisition, the Group and Solfuels Holdings Pte
Ltd. will beneficially own 51% and 49% of the rights and interests of the biodiesel plant respectively. The biodiesel plant has an annual production capacity of 137,000 metric tons and is expected to be put into operation in April 2017.

The Group is a supplier of integrated energy and shipping solutions, and Solfuels is a leading and experienced biofuel operator, operating a biodiesel plant in the United States. The acquisition marks the first time that the Group has entered the field of renewable energy.

According to the company, with Solfuels’ operational expertise, the group expects to transform the biodiesel plant to adapt to a variety of plateau materials, including yellow oil, animal fat, inedible corn oil and refined vegetable oil, and reduce production costs. The group believes that the production of this biodiesel plant will meet the increasing demand for renewable energy in the US market.

Flowers weigh heavily on the official city of Jinguan, and flowers bloom in Rongcheng. The 37th Volkswagen Film Hundred Flowers Awards will be grandly opened in Chengdu, Sichuan Province from August 02 to August 04, 2024, and the Chinese film industry will usher in a feast of light and shadow. At this event, Lantu Automobile once again became the official strategic partner, and many of its models were awarded the official designated car. It is expected that Lantu Zhiyin will be listed in the second half of the year. This will be the first time that Lantu Zhiyin, a new high-end pure electric household SUV, has appeared in public, adding a bright color to this film art gathering.

Light and shadow aesthetics, the charm of Lantu’s bosom friend is full

As the official designated car of the 37th Volkswagen Film Hundred Flowers Awards, Lantu will add a touch of color to this feast of light and shadow with its unique aesthetic design and excellent product performance. This high-end pure electric household SUV embodies Lantu Automobile’s endless pursuit of quality and passion for innovation, completely subverting the conventional framework of traditional car design.

The exterior design of Lantu’s confidant is a perfect blend of natural aesthetics and modern technology. While adhering to the Kunpeng design concept of Lantu Automobile, the whole vehicle shows a freedom and power to soar to the sky and explore the unknown. Its multi-faceted design is particularly eye-catching, which not only broadens the choice space of consumers, but also highlights the profound understanding of Lantu’s confidant’s needs for individuality and differentiation.

Stepping into the car of Landu’s confidant, the spacious and comfortable ride space instantly embraces every passenger, and the fatigue of the journey dissipates in an instant. A room acquisition rate of up to 71%, 969 mm of rear legroom, and a carefully designed storage plan combine to weave a spacious and orderly private world. The ingenious use of low-noise body design, front windshield acoustic glass and multiple sound insulation technologies creates a serene cabin like the deep sea, allowing every driver to immerse themselves in the ultimate tranquility and comfort during the journey of light and shadow.

In terms of technology, Lantu’s confidant has also shown its industry-leading strength. The three-electric system it is equipped with is known as the "985 straight-A student-level" configuration in the field of smart electric vehicles, with a long battery life of 901 kilometers, an 800V high-voltage SiC platform, and a 5C super fast charging technology. It has greatly improved the battery life and charging efficiency of the vehicle, and has achieved a qualitative leap in safety and comfort, bringing users a new driving experience.

During the 37th Volkswagen Film Hundred Flowers Awards, Landu will provide guests with high-quality travel services with excellent quality and performance, showcasing Landu Automobile’s unremitting pursuit of quality and innovative spirit. It is the best interpretation of the beauty of the fusion of light and shadow art and technological innovation as the official designated car of the film festival.

National team strength, quality and safety double guarantee

As a high-end smart new energy brand under Dongfeng Motor, Lantu Automobile not only carries Dongfeng’s 55 years of car-making technology and resource accumulation, but also focuses on users, constantly explores and innovates, and becomes a leader in the field of new energy vehicles in China. As an important member of the new energy "national team", Lantu Automobile has provided comprehensive empowerment and support for all brand models including Lantu’s bosom friend with its self-developed strength, excellent product performance and five-star safety standards.

Lantu’s self-developed TRB + Patch composite structure thermoforming A-pillar technology, high-strength aluminum-silicon coated door anti-collision beam, and innovative "amber battery" technology have jointly constructed a comprehensive safety protection system. The application of these technologies enables Lantu Automobile to fully meet the three safety standards of China, the United States and Europe, and achieve excellent results in the C-NCAP and C-IASI tests of China Automotive Center, solving the safety painpoints of new energy vehicles.

At the same time, Lantu Automobile also pays attention to the inherent quality and reliability of its products. Every model under the brand, from R & D to production, has undergone strict quality verification procedures, including 50 nodes and 12,338 verification items, to ensure that every Lantu car has extremely high stability. In addition, Lantu Automobile also actively fulfills the strategic mission of state-owned enterprises, drives the coordinated development of upstream and downstream enterprises, and enhances the resilience and safety level of the entire industrial chain.

The first public appearance of Lantu’s confidant is the culmination of Lantu’s automotive technology. It not only inherits Lantu’s excellent quality and safety standards, but also undergoes a comprehensive upgrade in aesthetic design and product performance. The launch of this new high-end pure electric household SUV further proves Lantu’s technical heritage and innovation ability in the field of new energy vehicles.

In terms of product layout, Lantu Auto has launched a variety of models covering SUV, MPV, and sedan categories, including Lantu FREE, Lantu Dreamer, Lantu Chaser, etc., to meet the diverse needs of different consumers. And the upcoming Lantu confidant, as the fourth model of the brand and the first pure electric household SUV, will bring users a fresh new travel experience.

Looking to the future, Lantu Automobile has officially released the Let’s VOYAH "Gonglan Map" overseas strategy, which clarifies the international development goal by 2030. As the first global pure electric model under this strategy, Lantu will carry the dream and hope of the brand going global. Lantu Automobile will promote the rise and development of China’s new energy vehicle brands on a global scale with a more open mind and firm pace.

Technology empowers art and builds a bridge to dreams

With the approaching of the 37th Public Film Hundred Flowers Awards, Lantu’s confidant, as the official designated car, will showcase its unique aesthetic design and excellent product performance in the event of light and shadow. We look forward to Lantu’s confidant being able to show his true self on the stage of the Hundred Flowers Awards and write a new chapter of a better life together with film art.

Since its establishment, Lantu Auto has always adhered to the brand’s original intention of "Let the car drive the dream and empower the better life", constantly exploring the boundary of the integration of technological innovation and culture and art, aiming to create an unprecedented new realm of travel for users. Looking back at the 36th Volkswagen Film Hundred Flowers Awards in 2022, Lantu Auto’s first electric luxury flagship MPV Lantu Dreamer, as the official designated car, shuttled on the red carpet intertwined with light and shadow, marking the deep integration of the Lantu brand and the field of culture and art.

As a strategic partner of the 37th Volkswagen Film Hundred Flowers Awards, Landmap Automobile will deeply integrate into the activities of the Hundred Flowers Awards, and promote the joint development of art and technology with more enthusiasm and forward-looking vision. Landmap Automobile will take this opportunity to fully display its latest technological achievements and product concepts in the field of new energy vehicles, and move forward side by side with Chinese filmmakers to draw more gorgeous pictures together in the journey of exploring a better life.

As a high-end new energy brand under Dongfeng, Lantu Automobile is driven by technological innovation and is committed to creating a travel experience that exceeds expectations for users, and is therefore honored to be the facade of this Hundred Flowers Award. Lantu’s confidant, as the epitome of the brand’s essence, will continue to uphold the high-end quality and advanced texture of Lantu Automobile, and push the product power, comfort and security of pure electric SUVs to a new height.

In the future, Lantu Automobile will continue to uphold the brand mission of "Let the car drive the dream and empower the better life", and continue to promote the high-end development of China’s new energy vehicles with user-centered, technology-driven and quality-assured.

Welcome to Autohome Langfang Promotion Channel, bringing you the latest car purchase discount information. Currently, the high-profile series is undergoing an unprecedented price reduction promotion. Mercedes-Benz GLE models can enjoy up to 50,000 yuan in cash in the Langfang market. The minimum starting price has been adjusted to 649,800 yuan, which undoubtedly provides consumers with an excellent time to buy a car. If you want to seize this rare discount opportunity, you must not miss it. Just click the "Check Car Price" button in the quotation form to quickly get more detailed discount details and make your car purchase journey more cost-effective. Act quickly, don’t let this excellent discount opportunity pass by.

The exterior design of the Mercedes-Benz GLE is full of elegance and power. The front face adopts the classic Mercedes-Benz family design, equipped with an atmospheric single-banner air intake grille, with sharp LED headlights, just like the moment before the cheetah attack, showing a strong visual impact. The overall style is exquisite and sporty, and the body lines are smooth, outlining the noble temperament of a luxury SUV. The details show the fusion of craftsmanship and technology.

The Mercedes-Benz GLE brings out the charm of a luxury SUV with its fine craftsmanship and elegant lines. Its body size is 4927mm * 2018mm * 1797mm, and the wheelbase reaches 2995mm, ensuring a spacious interior and excellent handling performance. The front wheelbase is 1679mm and the rear wheelbase is 1728mm, providing the vehicle with solid stability and balanced driving performance. The unique 19-inch rim with the tire specification of 275/55 R19 not only enhances the visual impact, but also guarantees excellent grip and comfort. From the side, the Mercedes-Benz GLE has smooth lines, showing the aesthetic design of power and elegance.

The interior design of the Mercedes-Benz GLE shows the perfect fusion of luxury and technology. In the cockpit, the steering wheel is made of fine-textured leather material to provide a comfortable grip, and supports manual up and down + front and rear adjustment to ensure the best driving posture. The 12.3-inch central control screen stands in the center, with a clear interface. It integrates multimedia systems, navigation, telephone and air conditioning functions, making intelligent operation easy and convenient. As for the seats, the imitation leather material is wrapped, providing multi-directional adjustment of front and rear, backrest, high and low and waist support. The main and passenger seats are equipped with heating and ventilation functions to ensure the comfortable experience of passengers during long-distance travel. The reasonable distribution of USB/Type-C interfaces, coupled with the wireless charging function of mobile phones, meets the needs of passengers’ electronic devices. The overall interior design highlights the luxury and practicality of the Mercedes-Benz GLE.

The Mercedes-Benz GLE is equipped with a powerful 2.0T turbocharged engine with a maximum power of 190 kilowatts and a peak torque of 400 Nm. The engine has an output of 258 horsepower and a 9-speed automatic transmission, providing the driver with smooth power transmission and excellent performance.

In conclusion, when choosing the Mercedes-Benz GLE, the Autohome owner, in addition to the brand’s influence and the professional service of the sales team, also praised its atmospheric appearance, spacious space and exquisite interior. He said that these advantages make him feel more decent and comfortable during business travel, which is indeed in line with his expectations for luxury SUVs. Therefore, for consumers seeking both quality and service-oriented, the Mercedes-Benz GLE is undoubtedly an excellent choice worth considering.

The level of configuration determines the competitiveness of a car to a certain extent, as we discussed in this article. The following editor will tell you in detail.

Let’s take a look at the appearance of the Corolla first. The front of the Corolla looks very hard, and the grille uses a big mouth shape, which is very recognizable. At the same time, the headlights show a dignified design style, which is quite simple. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light, etc. To the side of the body, the body size of the car is 4635MM*1780MM*1435MM, the car adopts simple and elegant lines, and the side gives a very sharp feeling. With large-sized thick-walled tires, the shape is quite hard. Looking back, the overall shape of the Corolla rear echoes the front of the car, the tail lights give a very young and fashionable feeling, and the exhaust pipe uses a hidden design, which is very avant-garde personality.

In terms of interior, the interior style is very elegant, reflecting the sense of design. The steering wheel of the car is very stable in shape, made of genuine leather, giving a good grip experience. Let’s take a look at the central control, with a 10.25-inch touch LCD central control screen, the interior design is quite layered, and the overall design of the central control is very good. The dashboard and seats also feel good, let’s take a look, the dashboard design is remarkable, and it looks very angular. The car uses imitation leather seats, which are wide and thick, and the materials are exquisite, making the ride comfortable.

Equipped with vehicle to everything, driving mode selection, remote control key, Bluetooth key, interior ambient light, traction control (ASR/TCS, etc.) and other configurations, rich in functions, greatly enhance its convenience of use.

I wonder if you are excited about the car introduced today? If you are also interested, you might as well take a test drive, which will definitely bring you a different feeling.

1905 movie network news The adventure animated movie "Galaxy Baby" was officially set for April 17, 2021, and the poster was released. In the picture, the V5 team and the witch crow team were lined up on both sides, and the V5 team captain Xingbao and the witch crow were in the center of the poster, transforming into a mecha fighting state. The two launched their fists, and a battle was imminent!

Hardy Star encounters energy crisis V5 team gathers to attack

There is a robot-inhabited planet in the Milky Way, Hadi, because Hadi is facing a huge energy crisis. Dr. Rhino sent Xingbao to lead the V5 energy team to Earth to recover the "Mengdora Crystal" to ease the energy crisis on Hardy. Along with the energy team, there was also the villain who came for the Mengdora Crystal – the Witch Crow Squad. After the first confrontation, the Witch Crow Squad fled. Weiji from Earth took Xingbao and his party to the museum to find the crystal, which helped Weiji and Xingbao defeat the Witch Crow Squad again. However, things are far from simple, and there is actually another conspiracy behind the search for the crystal…

On the poster released this time, the V5 team and the Witch Crow team are in the vast galaxy, and they seem to be fully prepared to snatch the spar. The protagonist Xingbao and his "nemesis" Witch Crow transform into mecha form, looking handsome and full of combat meaning. The picture conveys a strong battle atmosphere, and the interstellar war is about to start, and the final winner is curious.

The Galaxy Guard War is about to start, a must-see for parents and children

In addition to the exciting battle, the film is also well-prepared in the setting of the story. The girl Weiji siblings from the human world and the V5 team go to the galaxy together to make efforts to defend the earth. The two world elements collide into fierce sparks in the film. Who can win the final victory, and what kind of secrets are hidden behind the spar, the answer will be revealed in the galaxy defense battle full of sweat and laughter on April 17.　

In "Galaxy Baby", there are not only hot-blooded battle scenes, but also a lot of astronomical and humanistic knowledge hidden. Elements such as the Sphinx, the Pyramid, and the Milky Way appear one by one, bringing the audience a rich viewing experience and enlightening the children’s understanding of the world. In addition, the team spirit of the V5 team and the burning battle to protect the earth in the film are highly watchable, which can be said to be the most suitable film for parents to watch with their children.

Adventure family animated movie "Galaxy Baby" will be released nationwide on April 17, 2021, a battle full of blood and passion to defend the galaxy is about to begin.

On October 4, Yang Ying was on the hot search for four consecutive days due to the "Crazy Horse Show" issue. But she herself has remained silent, neither admitting that she has seen it nor denying the incident, which makes the incident confusing. Unexpectedly, the comment section of her ex-husband Huang Xiaoming was completely blown up, and the nationality of Yang Ying’s father was also exposed. Yang Ying’s remarks about nationality have caused a lot of controversy!

Huang Xiaoming’s comment box is missing.

Huang Xiaoming originally enjoyed the National Day reunion with his family. Unexpectedly, his ex-wife Yang Ying was already on the cusp of the trend. Many netizens flocked to Huang Xiaoming’s comment area to leave a message saying: Brother, the most correct decision in your life is to divorce AB!

Some netizens lamented that Huang Xiaoming had foresight. Fortunately, he and Yang Ying separated, otherwise they would have been scolded this time.

The resources that Yang Ying and Huang Xiaoming have after their divorce are really hard to describe. She started as an 18-line model. After falling in love with Huang Xiaoming, she not only opened up the mainland market, but also ushered in a wedding of the century that shocked the entertainment industry.

Now, although Yang Ying’s case has not been clearly resolved, there is news that her show has been investigated, and even her video has been officially deleted. Even if you are not banned, your reputation and resources should be affected in the future, right?

Yang Ying’s father’s nationality exposed

Ms. Yang has said that she is of mixed Chinese-German descent and that her father is German, although some netizens have revealed that her father holds a German passport and is actually of German-Indian descent.

What made netizens angry was that although their father was obviously Indian, he deliberately ignored and blurred the concept. This kind of behavior is indeed shameful.

Now, because of a "Crazy Horse Show" farce, everyone around him has been involved, which can be said to be more gain than loss. If you really haven’t been there, wouldn’t it be better to publicly deny it?

The case has been going on for so many days and has become so ugly. Do you really not want to answer? If this goes on, the reputation is really irreparable, isn’t it?

#Beauty Cup Flower Creation Challenge #

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Responsible editor:

Fan Bingbing frequently appeared on foreign media websites and was selected as one of the top ten best red carpet dresses in Cannes this year.

　　The 12-day Cannes Film Festival finally came to a grand end. Although the final Chinese film unfortunately did not win, there was one person who made the world remember China and the other beauty from the East. She was the "CHINA FACE" praised by overseas media – Fan Bingbing.

　　This time, Fan Bingbing made a splendid appearance at Cannes in 9 different shapes for various red carpet events, either charming or elegant, including a domineering and Chinese-style improved dragon robe, a flaming red lip with a black Armani fishtail dress, and even a bright water red dress that can wear a bright girlish atmosphere.

　　In addition to the domestic media still maintain a high degree of attention to Fan Bingbing, many overseas media have also begun to pay attention to this new face from the East: the online website of the world’s top fashion magazine has previously covered Fan Bingbing’s trip to Paris Fashion Week at length. This time, under the title "WHO IS FANBINGBING", it comprehensively commented on Fan Bingbing’s trip to Cannes and gave it a high degree of recognition. It praised its changeable style, which can surprise people every time it appears, and used such words: "We’d say she’s going places" to describe its progress at the height of the sun; and foreign film authority websites also used Fan Bingbing’s dragon robe as the focus to analyze the bits and pieces of the Cannes Film Festival. At the same time, before almost every appearance of Fan Bingbing has been named the best dress of the day, the well-known fashion website Red Carpet Fashion Awards, in the final inventory of Fan Bingbing’s perfect performance of Cannes included in this year’s Cannes Film Festival Top Ten Styles, and even at the closing ceremony, when the host read Fan Bingbing’s name, it caused a large crowd of cheers. The Chinese actress’s dedication and efforts have been seen by everyone.

　　This time at the Cannes Film Festival, Fan Bingbing stunned the world and could be called the biggest winner of this film. Some people said: "If it wasn’t for the’model worker ‘performance on the Cannes red carpet this time, Fan Bingbing’s popularity might still stay in the local area." However, these are not the main points. What matters is that her performance confirmed the beauty of China to the world and became a unique style in Western film festivals.