Sichuan Ya ‘an issued an announcement: the Ya ‘an disaster area of Luding earthquake received disaster relief donations for the society.

  "Ya ‘an Emergency" On September 6th, WeChat official account, the Ya ‘an Earthquake Relief Headquarters issued an announcement on receiving donations for disaster relief in the Ya ‘an disaster area caused by the "September 5th" Luding earthquake. At 12: 52 on September 5th, 2022, a 6.8-magnitude earthquake occurred in Luding County, Ganzi Prefecture, Sichuan Province, and the disasters in Shimian County and other places in Ya ‘an City were serious, and the city’s earthquake relief work has been fully launched. In order to promote the in-depth development of disaster relief work, it is decided to receive disaster relief donations from the whole society, and the relevant matters are hereby announced as follows:

  I. Receipt of funds

  Name of RMB account: Ya ‘an Charity Federation, bank of deposit: China Construction Bank Ya ‘an Branch, account number: 51001778605051502428.

  Name of RMB account: Ya ‘an Red Cross Society, bank of deposit: China Construction Bank Ya ‘an Branch, account number: 51001778605050884384.

  Please note when donating: "9.5" Luding earthquake (Ya ‘an disaster area) disaster relief donation funds.

  Second, the material receiving

  Materials are received by Ya ‘an Charity Federation, Ya ‘an Red Cross Society and Ya ‘an Youth League Social Service Center.

  Third, the donation contact number

  Ya ‘an Charity Federation: 0835-2226804

  Ya ‘an Red Cross Society: 0835-2310999

  Yaan Youth League Organization Social Service Center: 0835-5899801

Jiujiang, Jiangxi: Financial efforts to promote the high-quality development of the Yangtze River Economic Belt

The Yangtze River is the mother river of the Chinese nation and an important support for the development of the Chinese nation. The construction of the Yangtze River Economic Belt is a major strategy related to the overall development of the country. In January 2016, the General Secretary of the Supreme Leader presided over a symposium to promote the development of the Yangtze River Economic Belt, and clearly put forward the development orientation of "jointly protecting and not developing" for the first time, which laid the ecological priority tone for the development of the Yangtze River Economic Belt.

As an important node city in the Yangtze River Economic Belt, Jiujiang City, Jiangxi Province, is surrounded by great rivers, great lakes and famous mountains, with a coastline of 152 kilometers along the Yangtze River. At the same time, it is also a traditional industrial base, which is both a national key ecological function area and an eco-environment sensitive area. In recent years, Jiujiang City has focused on the construction of the Yangtze River Economic Belt, paid close attention to ecological protection and restoration, promoted industrial green development and energy transformation, achieved high-quality development and high-level protection, and achieved a series of turning changes. In this process, innovations in systems and tools such as green finance and transitional finance, and breakthroughs in technological empowerment have explored a new path for the green, low-carbon and high-quality development of the Yangtze River Economic Belt.

Deeply integrated into the construction of the Yangtze River Economic Belt, the local financial system, while guarding "one lake with clear water flowing into the river" and "one Qing Jiang with water flowing eastward", sang a magnificent new era "Song of the Yangtze River".

Harmony between man and nature.

Whenever the Yangtze River enters the wet season in summer, you can see the strange natural landscape at the intersection of the Yangtze River and Poyang Lake on the water when you board Shi Zhongshan. As the last pass before the Yangtze River enters the downstream plain, it is also the throat of Poyang Lake, the largest freshwater lake in China, which flows into the Yangtze River. Poyang Lake is rich in water resources and aquatic life supply, which makes it the main habitat of endangered species such as Yangtze finless porpoise and the communication channel between rivers and lakes.

In order to protect, research and develop the finless porpoise and fish germplasm resources, in 2020, Hukou County started the construction of China finless porpoise Bay (Hukou) aquatic biological protection base. The project was strongly supported by the financial system. Jiujiang Branch of Agricultural Development Bank made a 17-year loan of 1.06 billion yuan, and innovatively adopted the financing mode of future income rights pledge, which not only effectively managed the living environment of finless porpoises, but also opened the way for the financing of public welfare biodiversity conservation projects.

The person in charge of the base told the Financial Times reporter that after the base was completed, the number of finless porpoises increased from more than 800 at the minimum to 1,249 at present, and the effect of biological protection was fully demonstrated. At the same time, the first comprehensive freshwater fish science museum in China, which integrates teaching, scientific research and popularization of science, has received more than 230,000 visitors for two years, and achieved an annual income of 164 million yuan.

The finless porpoise frequently writes the most vivid footnotes for the great protection of the Yangtze River, and the awakening of people’s awareness of biodiversity protection has also made the finless porpoise Bay the most intuitive embodiment of the transformation of ecological achievements in the great protection of the Yangtze River.

Financial plan for Yangtze River protection

Fully supporting Jiujiang to build the "most beautiful coastline" of 152 kilometers and promoting the construction of the Yangtze River Economic Belt with high standards and high quality is a mission entrusted by the times for the local financial system.

"In supporting the construction of the Yangtze River Economic Belt, finance has always adhered to the strategic positioning of" jointly protecting and not developing ",preventing" one size fits all "and putting an end to" rushing headlong into it ",focusing on ecological priority and green development." Wu Jun, president of Jiujiang Branch of China People’s Bank, told reporters.

Under the guidance of Jiangxi Branch of the People’s Bank of China, Jiujiang Branch of the People’s Bank of China put the protection and restoration of the Yangtze River ecological environment at the top of financial support, and together with the transformation and upgrading of key industries and exploring effective ways to realize the transformation of ecological value, it was jointly identified as the three core tasks for Jiujiang financial system to promote the development of the Yangtze River Economic Belt, and promoted Jiujiang Municipal Government to issue the "Three-year Action Plan of Jiujiang Financial Support for the High-quality Development of the Yangtze River Economic Belt". The "Program" involves more than 40 relevant departments, counties and districts, and more than 10 bank insurance institutions, with clear responsibilities and responsibilities.

Financial support is not only reflected in expanding capital supply, optimizing financial service mode and financial product innovation, but also in improving financing policy guarantee system and risk prevention mechanism and optimizing financial ecological environment. Wu Jun told reporters that the practice in recent years shows that building a multi-level policy coordination framework is the institutional basis for the landing of green finance. The innovation of market-oriented financial instruments has promoted the transformation of ecological value, and the empowerment of science and technology has further cracked the efficiency bottleneck of traditional finance in the environmental field. At the same time, green finance and transitional finance have been effectively linked and coordinated, and a "double pillar" of green and low-carbon development has been built. The data shows that by the end of June 2025, the balance of green loans in Jiujiang was 99.015 billion yuan, up 23.25% year-on-year, which was 16.34 percentage points higher than the growth rate of various loans in the same period. The proportion of new green loans in the whole year reached 54.4%.

Environmental governance remoulds new ecology

In the bustling old city of Jiujiang, there are two waters covering a total area of more than 1,500 mu. In the midsummer night, people enjoy the cool water by the water in twos and threes … It’s hard to imagine that this place was criticized by the public for its serious water pollution in the past. This change benefited from the comprehensive improvement of the water environment of the Yangtze River.

97% of the surface water in Jiangxi Province flows into the Yangtze River through Jiujiang, and the water area under the jurisdiction of Jiujiang accounts for 17.6% of the total land area, about 4.95 million mu, and the water system resources are very rich. Therefore, for Jiujiang, the Yangtze River should be treated first.

Water environment treatment projects are characterized by long cycle, large capital demand and high investment risk. In view of the first two characteristics, Jiujiang local banking institutions mainly adopt syndicated loans to solve them. In order to reduce investment risks, Jiujiang Branch of the People’s Bank of China took the initiative to "bridge the gap" between banking institutions and the Bureau of Eco-environment, set up a normalized communication mechanism, help banking institutions to find out the governance policies of rivers and lakes in Jiujiang, and set up a green project library covering the protection and restoration of rivers and lakes and wetlands, comprehensive improvement of rural land, ecological restoration of mines, etc., to plan the feasibility of the project in advance and provide convenience for bank loan review.

Considering the complexity of various sub-projects involved in water environment control projects, it is very important to sort out the projects in the early stage of loan. Financial institutions take the initiative to sort out various sub-projects with enterprises when establishing projects, and develop suitable credit products according to local conditions. The reporter learned that in the renovation project of Binjiang section of Jiujiang historical and cultural city, Jiujiang Branch of Industrial and Commercial Bank of China intervened in advance in the preparatory stage of the project, provided full-process financial counseling, and flexibly applied franchising and pledge of income rights through the customized scheme of "one project, one policy", effectively solving the financing problems of public welfare projects such as ecological restoration, flood control and disaster reduction, and successfully breaking the financing deadlock of Yangtze River shoreline protection projects in the region.

According to the data provided by Jiujiang Branch of the People’s Bank of China, the local financial system has invested a total of 19.37 billion yuan in credit funds to support the water environment management in Jiujiang. Through the combination of engineering water control and ecological management, the pollution reduction rate of Jiujiang city’s pollution indicators into the lake reached more than 80%, and the water quality was greatly improved. Ten sections of Jiujiang Yangtze River have maintained Class II water quality for seven consecutive years, and the excellent rate of water environment national examination sections reached 100%.

Green and low carbon activate new kinetic energy

Boarding from Madang Ferry, pengze county, Jiujiang City, it takes ten minutes to reach Mianchuan Town, Gudao, Jiangxin. As far as the island is concerned, there are large cotton fields and wind turbines standing in the fields. The annual output of 18 "big windmills" can reach 244 million kWh, which is equivalent to saving 96,000 tons of standard coal and reducing 240,000 tons of carbon dioxide emissions. On May 27th, the project was connected to the grid at full capacity, and the cotton boat became the first "zero carbon island" in the Yangtze River basin to realize large-scale renewable energy power supply.

"No big development" does not mean no development, but a road of high-quality development and green and low-carbon development. This coincides with the concept of green finance. The "Zero Carbon Island" project can not only significantly increase the proportion of clean energy use in pengze county, but also realize ecological optimization through low-carbon application. Therefore, the Industrial and Commercial Bank of pengze county adopts the way of green credit superimposed on agricultural loans, and cooperates with the local Agricultural Bank to extend the loan amount to 600 million yuan, so as to provide all-round financial guarantee for the project construction.

As an old industrial base in Jiangxi, Jiujiang once produced the first match, the first TV set and the first ship in Jiangxi. It can be said that "Made in Jiujiang" is synonymous with Jiangxi industry. In the tide of great protection of the Yangtze River, the survival and development of traditional industrial enterprises have also pushed the transitional finance into the public’s field of vision. In 2023, Jiujiang Branch of the People’s Bank of China selected Hukou County Industrial Park to carry out the pilot project of transitional finance, and formulated the Green and Low-carbon Transitional Service Framework of Hukou County to evaluate the classified management of environmental and social risks of 147 regulated industrial enterprises. Jiujiang Bank innovatively launched the "carbon-efficient loan", which linked the loan pricing with the comprehensive performance of carbon emission reduction of enterprises. By the end of 2024, a total of 535 million yuan of "carbon efficiency loans" had been issued, and the interest rate was more than 1 percentage point lower than that of corporate loans in the same period.

In pengze county’s Jishan Industrial Park, financial support for the transformation of chemical enterprises has also made new progress. In 2024, Bank of Communications Jiujiang Branch approved a syndicated loan of 1.8 billion yuan for Xinlianxin Chemical Industry Co., Ltd. on the basis of existing credit, which was used for comprehensive utilization and transformation of cleaner production. It is understood that this coal chemical enterprise along the Yangtze River has achieved ultra-low emissions far below the national standards by continuously optimizing production processes and processes, and has also been awarded the "National Green Factory" by the Ministry of Industry and Information Technology. The residual pressure power generation project of methanol low-temperature washing carbon dioxide in this financial support transformation project not only won the double top ten awards of "Best Energy-saving Technology and Best Energy-saving Practice" in China, but also provided reference data and reports for the establishment of transformation financial standards for chemical enterprises in Jiujiang.

Open a new channel for ecological value transformation

Emission rights can not only be traded but also mortgaged. In May this year, Jiujiang’s first mortgage loan for emission rights landed in Jiujiang Bank, with a loan of 4 million yuan, which helped Wuzhou Special Paper Group Co., Ltd. "turn pollution into gold". This financial product innovation benefited from the "pilot trading of emission rights reserve" initiated by Jiujiang City. In the pilot, Jiujiang positioned the emission rights as "the right to use environmental capacity owned by the whole people", which not only adhered to the institutional foundation of public ownership of ecological resources, but also realized the marketization of environmental resources elements through the separation of the right to use, turning "dead indicators" into "living capital" and environmental capacity into a value-added development factor.

With the continuous improvement of Jiujiang’s ecological environment quality, market-oriented operation began to enter the field of ecological resources, and the awareness that "environmental capacity is a scarce resource, and environmental resources are limited, valuable and paid" reached a consensus on a wider level.

Only half a month after the mortgage loan of emission rights was issued, Jiujiang City issued a "double-first-order" syndicated loan linked to biodiversity protection indicators for national manufacturing and foreign-funded enterprises. The syndicated loan was 500 million yuan for three years, and the interest rate was linked to the biodiversity protection objectives of Poyang Lake, namely, the effective protection and management area of Poyang Lake Basin increased by 4,000 hectares, the number of beneficiaries of biodiversity protection education increased by 100,000, and the total nitrogen emission concentration in discharged wastewater was controlled at 1.3mg/L or below. If any two items are achieved, they will be lowered by 3 basis points; If any item is lowered by 2 basis points, the interest rate will remain unchanged if the target is not achieved. According to estimates, if all three objectives are achieved, it will reduce the financing cost for enterprises by about 250,000 yuan per year, which will play a positive role in promoting enterprises’ continuous investment in biodiversity protection.

From the realization of emission rights to linking enterprises’ participation in biodiversity protection with interest rates, it is not difficult to see that in order to realize the value of ecological products and even the value that can be brought in the future, Jiujiang financial system strives to separate quantifiable and tradable objects from abstract ecological values, balance the contradiction between protection and development through risk pricing mechanism, and finally form a positive cycle of "capital inflow-environmental improvement-value promotion". "It is difficult to see the benefits of ecological projects at present, but we hope that with the support of finance, we can become a new economic growth pole in the future." Luo deping, president of ICBC Jiujiang Branch, said.

"The most beautiful coastline" shows a new look

With the in-depth implementation of a series of financial measures to support the high-quality development of the Yangtze River Economic Belt, both the ecological environment of the Yangtze River and the development of industrial enterprises have undergone significant changes. The water is clear, the trees are green, the pollution discharge of enterprises is reduced, and the unit energy consumption is reduced, and the low-carbon environmental protection concept thus set off has a profound impact on Jiujiang’s economic, financial and social development as a "brainstorming".

In March 2024, Wuzhou Special Paper set up a separate energy and environmental protection department within the enterprise, which was responsible for the sewage control of the whole production process. During the interview, the person in charge of the heart-to-heart enterprise told reporters that at this stage, they don’t want the largest scale, but they want to use energy to the extreme and minimize pollution to change the inherent impression of the society on coal chemical enterprises. In fact, they did. Ding Zidan, president of Bank of Communications Jiujiang Branch, said frankly that in the process of cooperation with enterprises, his greatest experience is that banks should judge enterprises not by the industry, but by the enterprises themselves, not only by looking at the statements of enterprises, but also by on-the-spot visits. "Coal chemical industry is a credit-restricted industry. If we simply made loans according to the standards, Bank of Communications would miss this industry leader."

Regarding the transformation of enterprises from "passive emission reduction" to "active efficiency creation", Xiao Jing, president of Jiujiang Bank, believes that this is also an opportunity for banks to set indicators related to energy consumption intensity or environment according to the carbon reduction effect brought by unit loans, so as to better improve financial quality and efficiency and help enterprises achieve a win-win situation of "energy saving and cost reduction" and "low-carbon development". In this regard, Wu Jun also said that the current pilot work of transitional finance is accelerating the "green turn" of high-carbon industries, which will undoubtedly provide more opportunities for financial assistance to the construction of the Yangtze River Economic Belt. The People’s Bank of China will also continue to increase policy support and guide financial institutions to help qualified industrial enterprises become bigger and stronger through price leverage, and complete the clearance of backward production capacity, thus achieving another overall upgrade of the Yangtze River Economic Belt.

Editor in charge: Yang Xiting

Britain will not take military measures against Iran in the short term?

       CCTV News:The Iranian Islamic Revolutionary Guard announced on the 19th that it had seized a British oil tanker in the Strait of Hormuz. Earlier in the day, the "Supreme Court" of Gibraltar, a British overseas territory, ruled to extend the detention of the tanker "Grace I" loaded with Iranian crude oil.

       Iranian Foreign Minister Zarif said on the 20th that Iran’s actions are in line with international maritime regulations. Zarif posted on social media that unlike the "piracy" in which Iranian oil tankers were detained in the waters of Gibraltar, Iran’s seizure of the "Steiner Empire" this time is in line with international maritime regulations. Zarif urged Britain not to become a vassal role of the United States in launching economic terrorism.

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       Iranian state television reported today (21st) that all the 23 crew members of the oil tanker "Steiner Empire" detained by Iran are safe and in good health, and they are now in bandar abbas. According to Iranian media reports, the detained British oil tanker has many illegal operations.

       Sharif, spokesman of Iran’s Islamic Revolutionary Guard Corps, said in a statement on the 20th that "Steiner Empire" No.19 did not enter from the normal entrance, but tried to enter the sea from the south channel of the strait, which should have been the exit, which affected the safety of the route. In addition, the tanker "shut down the response system and ignored many warnings issued by the Iranian Islamic Revolutionary Guard Corps". After receiving the request from the port and marine department of Hormuzgan province, the Iranian navy launched the seizure of the oil tanker.

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       The Iranian side said that the Steiner Empire No.19 entered the Strait of Hormuz under the escort of British warships. During the seizure, the Royal Navy warships escorting the oil tanker tried to block the seizure, but the Iranian Islamic Revolutionary Guards took the oil tanker to bandar abbas in southern Iran.

       Earlier in the day, Iranian media also released the latest images of the oil tanker "Steiner Empire" detained in bandar abbas. According to previous news from Iran, the 23 crew members of the tanker will stay on board until the relevant investigation is over.

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       In addition, earlier on the 20th local time in Iran, the head of the port and maritime agency in Hormuzgan province also said that the Steiner Empire had collided with an Iranian fishing boat. The owner of the tanker, Steiner Bourcq Company of Sweden, responded in a statement that the "Steiner Empire" tanker "completely abides by navigation and international rules".

       British Foreign Secretary Hunt and Iranian Foreign Minister Zarif telephoned on the 20th and expressed their respective positions. Hunter said that Britain’s seizure of the Steiner Empire by Iran was totally unacceptable, and that Iran should release the tanker as soon as possible. Zarif stressed that Iran’s seizure of oil tankers complies with maritime regulations.

       Some analysts believe that the local authorities in Gibraltar, with the assistance of the British Navy, seized the "Grace I" tanker transporting Iranian crude oil, which was the direct cause of this Iranian action.

       On July 4th, the Gibraltar authorities, with the assistance of the British Navy, detained Grace I on the grounds of violating the EU ban. The Iranian side denied the illegal accusation, demanded the immediate release of the detained tanker and warned Britain not to play "dangerous games".

       On July 19th, the Gibraltar authorities "Supreme Court" ruled to extend the detention period of Grace I..

       Analysts believe that Iran had expected to solve the problem of the oil tanker being detained through consultation, but the decision of the Gibraltar authorities to extend the detention period undoubtedly stimulated Iran to detain the "Steiner Empire" oil tanker or a counter-measure and revenge against the recent British practice. British Foreign Secretary Jeremy hunter said the seizure of Iranian oil tankers was "unacceptable". He also stressed that if things are not resolved, "there will be serious consequences."

       On the 20th local time, within 24 hours of the seizure of the oil tanker "Steiner Empire", the British government held two consecutive high-level security meetings code-named "Cobra" to discuss the countermeasures to deal with this incident. At the same time, Britain also took diplomatic action to express its protest, and called for a meeting with Iran’s highest-ranking diplomatic official in Britain on the 20th.

       Some experts believe that if Britain wants to ensure that its oil tanker will not be detained in the Strait of Hormuz again, it should be equipped with enough surface ships to escort the oil tanker. But in fact, there are not many British ships in the Strait of Hormuz. In addition, Britain is at a critical moment of political change, which will inevitably affect Britain’s decisive handling of this incident. In addition, Britain is also facing the dilemma of Brexit, and it is unlikely to escalate its actions and use military means to solve the problem in the short term. British government officials also said in an interview with the media that they would take strong measures to promote the resolution of the incident, but did not consider military means.

After a lapse of 12 years, the excess reserve ratio will be lowered again. In the industry, banks will be forced to increase loans.

  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)

SAIC Chase-Pay tribute to every struggler

Editor │ Liu

Proofreading │ music and music

Produced by Wuba Media

At the 2025 Shanghai International Auto Show, SAIC Chase MAXUS created a wealth-creating ecological matrix belonging to the strugglers in Hall 3 with the theme of "Young People Creating Wealth and Better Life". This booth not only reshapes the industry cognition with the attitude of "global commercial vehicle eco-leader", but also shows the strategic ambition of China commercial vehicle brand to go global through technological breakthrough, ecological construction and policy support.

Strategic upgrade:

Commercial vehicles have never been just "tools", but also a kind of life, and it is also a leap of the whole "ecology" Datong released the "Open Commercial Vehicle Ecological Strategy" for the first time in the industry, upgrading the positioning of traditional commercial vehicles from "wealth creation tools" to "smart life partners". At the same time, Datong has also cooperated with technology companies like Huawei to build a "car cloud service platform" and online OTA upgrade. In the future, it will go deep into the intelligent cockpit and the combined assisted driving system, becoming the first light commercial vehicle brand equipped with Huawei’s intelligent solutions. This cross-border cooperation not only fills the gap in the industry of intelligent commercial vehicles, but also marks the reconstruction of commercial vehicle competition rules by Datong with technical ecology, all of which are concentrated in Datong’s products.

Product destruction: technical definition, scene creation and wealth creation

New way and far boundary:

As the world’s first super-mixed light passenger Taking "water and electricity worry-free" as the core, it solved the core pain point of domestic electricity consumption of RV. It can quickly charge 1 kWh in one minute, generate up to 28.5 at idle speed, and discharge 6kW inside and outside the car as standard. It also jointly reformed the enterprise to set up the "Play RV Alliance" to create a complete RV ecosystem. The whole vehicle has a comprehensive endurance of up to 1100km, an intelligent assisted driving system and dual-motor power splitting technology to create a "large-scale mobile living station".

G50 hybrid:

At this exhibition, Datong also brought the only 100,000-class hybrid MPV in the world. Facing the pain point of domestic MPV space and energy consumption, the standard of "national domestic MPV" is redefined with the advantages of measured battery life of 1412.8km, real 7-seat large space (trunk 406L in three rows) and annual fuel saving of 12,000 yuan, combined with the interactive experience of Tencent TAI 2.0 car networking and Chaoku.

Montana V1 Diner Custom Edition:

At this auto show, there is also a customized version of the Dining Car V1, which can be called an entrepreneur’s "money-making machine". Through 98% space utilization, 52cm ultra-low floor and modular modification design, it can be transformed into mobile shops such as coffee carts and tea shops. With a down payment of 60 loans and a special fund of 30,000 yuan for retired military personnel, the threshold for starting a business has been greatly lowered. At the same time, the scene also showed that Bawang Chaji’s joint dining car is absolutely eye-catching. The customized version of Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car Dining Car has a battery life of 1 km and 405km, realizing the promise of "low cost and high return".

As the global leader of commercial vehicle ecology, SAIC Chase also put forward the concept of "creating wealth for strugglers and opening the way for dreamers" at this auto show, and officially launched a 1 billion yuan wealth creation fund (including 100 million yuan for retired military personnel) to support the whole cycle of "car purchase-finance-security" and reduce entrepreneurial barriers.

Datong will cut down the start-up cost of the venture with a price model, starting from 88,800 yuan for "Da Na", 86,800 yuan for "New Way" and 69,800 yuan for MPV, and launch 60 long loans with 0 down payment, as well as a powertrain with a value of up to 20,000 yuan and worry-free after-sales maintenance, so as to make the road to wealth worry-free!

SAIC Motor Corporation LimitedThe layout of this auto show of Datong is not a simple product stacking, but a trinity strategy of "technology ecology+scene customization+policy humanization" to accelerate the transformation from "the first brand of light passengers in China" to "the global ecological leader of commercial vehicles". Empowered by Huawei’s intelligent technology, its commercial vehicles are breaking through the traditional tool attributes and becoming intelligent nodes linking people, cars and life; The 1 billion wealth creation fund will deeply bind business value and social responsibility, and open up a new path of "technology inclusiveness".

With the deepening of global layout (such as 90% market share in Europe and the first data of new car growth rate in Australia), Datong is writing a new story of "China’s wisdom" in developed markets with the model of "high quality and price ratio+compliance and innovation". In the future, when the commercial vehicle ecology truly realizes the seamless connection of "travel-wealth creation-life", Datong may become a "breaker" to define the global commercial vehicle industry standards.

Clear! The four departments clarify the scope of necessary personal information of 39 types of apps.

  The official WeChat of the Ministry of Industry and Information Technology, Gongxin Weibo, today (March 22) released the Provisions on the Scope of Necessary Personal Information for Common Mobile Internet Applications jointly formulated by the State Internet Information Office, the Ministry of Industry and Information Technology, the Ministry of Public Security and the State Administration of Markets.

  The "Regulations" clarify thatMobile Internet application (APP) operators shall not refuse users to use the basic functions of the APP because they do not agree to collect unnecessary personal information.It also clarified the necessary personal information scope of 39 common types of apps, which will be implemented from May 1 this year.

  39 common types of appsScope of necessary personal information

  (1) Map navigation category, the basic function service is "positioning and navigation", and the necessary personal information is: location information, departure place and arrival place.

  (2) Network car class, the basic function services are "online taxi booking service and cruise taxi calling service", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. The passenger’s departure place, arrival place, location information and whereabouts;

  3. Payment information such as payment time, payment amount and payment channel (online booking taxi service).

  (3) Instant messaging, the basic function service is "providing text, pictures, voice, video and other online instant messaging services", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. Account information: account number and account number list of instant messaging contacts.

  (4) Network community category, the basic function service is "blog, forum, community and other topic discussion, information sharing and attention interaction", and the necessary personal information is: registered user’s mobile phone number.

  (5) Online payment category, the basic function service is "online payment, cash withdrawal, transfer and other functions", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2 registered user name, certificate type and number, certificate validity period, bank card number.

  (6) Online shopping, the basic function service is "purchasing goods", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. The consignee’s name, address and telephone number;

  3. Payment information such as payment time, payment amount and payment channel.

  (7) Food and beverage take-out category, the basic function service is "food and beverage purchase and delivery", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. The consignee’s name, address and telephone number;

  3. Payment information such as payment time, payment amount and payment channel.

  (eight) mail delivery category., the basic function service is "mail, parcel, printed matter and other articles delivery service", and the necessary personal information includes:

  1. Identity information such as the sender’s name, certificate type and number;

  2. The sender’s address and telephone number;

  3. The recipient’s name, address and telephone number;

  4. Name, nature and quantity of the delivered articles.

  (9) Traffic ticketing, the basic function service is "transportation-related ticketing service and itinerary management (such as ticket purchase, change, refund, itinerary management, etc.)", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2 passenger’s name, certificate type and number, and passenger type. Passenger types usually include children, adults, students, etc.

  3. Departure, destination, departure time, train number/boat number, seat/cabin class, seat number (if any), license plate number and license plate color (ETC service);

  4. Payment information such as payment time, payment amount and payment channel.

  (10) Marriage and blind date category, the basic function service is "marriage and blind date", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. The gender, age and marital status of the blind date.

  (eleven) job recruitment category, the basic function service is "job hunting and recruitment information exchange", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. Resume provided by the job seeker.

  (12) peer-to-peer lending class, the basic function service is "personal loan application service for consumption, daily production and operation turnover, etc.", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. The borrower’s name, certificate type and number, certificate validity period and bank card number.

  (thirteen) housing rental category, the basic function service is "personal housing information release, house rental or sale", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. Basic information of housing: address, area/apartment type, expected selling price or rent.

  (14) Used car transactions, the basic function service is "second-hand car trading information exchange", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. Name, certificate type and number of the buyer;

  3. Name of the seller, certificate type and number, vehicle driving license number and vehicle identification number.

  (15) Registration of consultation, the basic function service is "online consultation and consultation, appointment and registration", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. When registering, you need to provide the patient’s name, certificate type and number, and the hospital and department where the registration is scheduled;

  3. You need to provide a description of your illness when you ask.

  (16) Tourism services, the basic function service is "publishing and ordering information of tourism service products", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. Travel destination and travel time of the traveler;

  3 traveler’s name, certificate type and number, contact information.

  (17) Hotel services, the basic function service is "hotel reservation", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. Name and contact information of the lodger, check-in and check-out time, and name of the hotel.

  (18) Online games, the basic function service is "providing online game products and services", and the necessary personal information is: the mobile phone number of registered users.

  (nineteen) learning and education, the basic function service is "online tutoring, online classroom, etc.", and the necessary personal information is: the mobile phone number of registered users.

  (20) Local life category, the basic function service is "daily life service such as domestic maintenance, home decoration, second-hand idle goods transaction", and the necessary personal information is: registered user’s mobile phone number.

  (21) Women’s health categoryThe basic functional services are "women’s menstrual management, pregnancy and parenting, beauty and body care and other health management services", and you can use the basic functional services without personal information.

  (twenty-two) car service, the basic function service is "bike-sharing, car sharing, car rental and other services", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. Use the certificate type and number of the service user of shared car and rental car, and the driving certificate information;

  3. Payment information such as payment time, payment amount and payment channel;

  4. Use the location information of bike-sharing and time-sharing car rental service users.

  (XXIII) Investment and wealth management, the basic function service is "stock, futures, funds, bonds and other related investment and financial services", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. Name, certificate type and number, validity period and photocopy of the investment and wealth management user;

  3. Investment and wealth management user’s fund account, bank card number or payment account number.

  (24) Mobile banking, the basic function service is "bank account management, information inquiry, transfer and remittance services through mobile intelligent terminal devices such as mobile phones", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. User’s name, certificate type and number, certificate validity period, photocopy of certificate, bank card number and mobile phone number reserved by the bank;

  3. The payee’s name, bank card number and bank information shall be provided for transfer.

  (twenty-five) mailbox cloud disk class, the basic function service is "e-mail, cloud disk, etc.", and the necessary personal information is: registered user’s mobile phone number.

  (26) teleconferencing, the basic function service is "providing audio or video conference through the network", and the necessary personal information is: the mobile phone number of registered users.

  (27) Webcasts, the basic function service is "to provide the public with real-time information browsing services in the form of video, audio, graphics and text", and you can use the basic function service without personal information.

  (twenty-eight) online audio-visual category, the basic function service is "film and television, music search and play", and you can use the basic function service without personal information.

  (twenty-nine) short video class, the basic function service is "video search and play within a certain time", and you can use the basic function service without personal information.

  (30) news and information, the basic function service is "news information browsing and searching", and you can use the basic function service without personal information.

  (31) Sports and fitnessThe basic function service is "exercise and fitness training", and you can use the basic function service without personal information.

  (32) Browser class, the basic function service is "browsing Internet information resources", and you can use the basic function service without personal information.

  (33) Input methods, the basic function service is "input of words, symbols, etc.", and you can use the basic function service without personal information.

  (34) Safety management category, the basic function services are "killing viruses, cleaning up malicious plug-ins, fixing vulnerabilities, etc.", and you can use the basic function services without personal information.

  (35) Electronic books, the basic function service is "e-book search and reading", and you can use the basic function service without personal information.

  (36) Shooting beautification., the basic function service is "shooting, beauty, filter, etc.", and you can use the basic function service without personal information.

  (37) Application stores, the basic function service is "APP search and download", and you can use the basic function service without personal information.

  (38) Practical tools, the basic function services are "calendar, weather, dictionary translation, calculator, remote control, flashlight, compass, clock alarm, file transfer, file management, wallpaper ringtone, screen capture, recording, document processing, smart home assistant, constellation personality test, etc.", and you can use the basic function services without personal information.

  (thirty-nine) performance ticketing category, the basic function service is "performance ticket purchase", and the necessary personal information includes:

  1. Register the user’s mobile phone number;

  2. Number of performances and seats (if any);

  3. Payment information such as payment time, payment amount and payment channel.

China FAW: Rejuvenating the new kinetic energy of national automobile brands.

China FAW, the cradle of new China automobile industry, witnessed China automobile industry from scratch, from weak to strong. Time flies, 71 years later, the development of China FAW and the country has always resonated at the same frequency, and it has always practiced the mission and responsibility of "serving the country and becoming an industrial power" in the advancing wave of the times.

China faw gate 1

China faw gate 1

In July 1956, the first truck (Jiefang brand) was born, ending the history that cars could not be made in New China; in May 1958, the first car (Dongfeng brand) was born, and in August of the same year, the first limousine (Hongqi brand) was born, thus opening the history of new China’s independent car brand. After more than 70 years of development, China FAW has always carried out the role of "the eldest son of the Republic automobile", accumulated a lot of money, innovated and developed, and moved from the first to the first. In 2023, China FAW brand value was 429.157 billion yuan, ranking first in the domestic automobile industry; "Hongqi" brand value was 115.529 billion yuan, ranking first in the passenger car brand industry; "Jiefang" brand value was 118.776 billion yuan, ranking first in the commercial vehicle brand industry.

Hongqi brand products

Hongqi brand products

From creating a new era of national automobile industry to achieving a new breakthrough in the development of national automobile brands, China FAW has always stood on the forefront in the rolling historical wheel and always strived for the first place. At present, China FAW has grown into a state-owned super-large automobile enterprise group. By March 2024, it has produced and sold more than 58 million vehicles. In particular, the annual sales of Hongqi brand jumped to the level of 300,000 vehicles, creating a rapid industrial miracle.

To build a car for the country and the people, China FAW has been practicing the responsibility of "independently controlling key core technologies", "establishing national automobile brands" and "building a world-class enterprise" for many years, keeping in mind the entrustment, concentrating on innovation, striving to control key core technologies, forging new quality productivity and embarking on a high-quality development road.

The brand blooms with red flag brilliance.

If there is a brand that can represent China automobile, it must be the red flag. This is the unique brand heritage and national car gene endowed by history. In 2018, Hongqi brand released a brand-new strategy, adhered to the concept of "Chinese-style new noble exquisiteness", and created four product series, L, S, H and Q, which achieved rapid growth for many years. In 2023, Hongqi brand officially released three sub-brands: Hongqi Sunflower, Hongqi New Energy and Hongqi Energy-saving Vehicle. Red Flag, the jewel in the crown of China national automobile brand, is more and more dazzling.

Hongqi sunflower guobin motorcade

Hongqi sunflower guobin motorcade

China Brand Day Red Flag Booth

China Brand Day Red Flag Booth

China Brand Day Red Flag Booth

China Brand Day Red Flag Booth

Brand-new brand positioning has made clear the direction for the development of Hongqi and gathered new development potential. In China Brand Expo in 2024, Hongqi brand brought three models to the exhibition. The new model of Hongqi sunflower is the latest masterpiece of Hongqi Guoli, which inherits the national culture and shows the demeanor of a big country; the new model of Hongqi New Energy, the first strategic model of Hongqi New Energy brand-Hongqi EH7, which is a pure electric car with peace of mind, and the red flag EHS7, a medium and large-sized pure electric SUV, which is positioned to provide a travel experience with peace of mind and wisdom, taking into account leisure and off-road in the city. At the same time, the Red Flag brand has appeared frequently on the international stage, conveying the power of China brand to the world with a calm and confident attitude.

Product rejuvenation provides users with wonderful travel services.

With the rapid iterative transformation of new industrial technology and the diversified upgrading of consumer demand, China automobile is facing brand-new challenges and also ushers in greater development opportunities. Whether it is the technological change brought about by energy transformation or the artificial intelligence breaking through the inherent boundary, it is intuitively presented on automobile products. In the face of "product innovation", which is a compulsory question for all car companies, China FAW took the initiative to upgrade its product matrix.

China Brand Day Red Flag Booth

China Brand Day Red Flag Booth

In 2024 (18th) beijing international automotive exhibition, China FAW participated in the exhibition with its brand heavyweight products. Among them, the concentrated appearance of 22 models of Hongqi shows a new look of brand development.

China Brand Day Red Flag Booth

China Brand Day Red Flag Booth

China FAW innovates and dedicates brand-new technology, speeds up the launch of star products, provides the ultimate service, and constantly satisfies consumers’ pursuit of "wonderful travel and better life".

Technological innovation to create the ultimate experience

National experience is the best report card of national automobile brands. China FAW has always adhered to the consumer experience as the starting point of technology research and development, manufacturing, and made every effort to meet the needs of Chinese people for a "wonderful trip and a better life". In 2020, China FAW released its technology strategy for the first time. After continuous iterative optimization, on April 18, 2024, the fifth science and technology conference of China FAW officially released the development strategy of its technology "SIGHT (insight) 531", and released the "three technical platforms" of Hongqi brand, namely "Hongqi Tiangong" pure electric platform HME and ".

The Red Flag brand cooperates deeply with the Palace Museum, combining the aesthetic charm of China classical architecture with cutting-edge technology, perfectly integrating into the design of Red Flag products, and creating high-value products with rich cultural connotations. At the same time, China FAW and Dunhuang Research Institute continue to carry out project cooperation, and the latest design results will be published one after another during the year.

Accumulate and develop the inside information with cultural people

In recent years, China FAW has continued to carry out the "Four Capabilities" reform with "cadres can be promoted and demoted, employees can enter and leave, salary can be high and low, and institutions can increase and decrease" as the core. The reform concept of clear goals and responsibilities, matching salary and value, equal incentives and constraints, and the integration of strict management and love has precipitated into a new cultural gene of the enterprise. Through the reform, the support of enterprise organizational structure, institutional mechanism and human resources for strategic objectives and strategic transformation has been further enhanced, and the innovation and creativity of project teams and key talents have been fully released. Equivalence of responsibilities and rights, stimulating the innovation power of talents. China FAW continues to promote institutional innovation, with an average annual increase of 8.6% in R&D investment in the past three years, and implements such methods as "revealing the list and taking the lead" and "task contracting", so that R&D personnel have status, platform and treatment. A large number of young R&D personnel and artisans from big countries continue to emerge, and many post-80 s and post-90 s are entrusted with heavy responsibilities and provoke the girders. Introducing from outside and cultivating from inside to create a highland for automobile talents. The data shows that China FAW has introduced a total of 13,198 talents, among which R&D talents have increased by 13% in three years. In the past three years, he has won 454 honors in the talent category at the provincial and ministerial level and above, among which 11 were selected into the national talent plan. Optimize the mechanism and promote the transformation of achievements into industrial incubation. China FAW actively explores the transformation channels of "licensing and pricing shares", and through the combination mode of "cash incentive and equity incentive", it realizes the organic integration of team project deep binding and employee income amplification.

Robot automatic welding production line in welding workshop of prosperous factory area of China FAW Hongqi manufacturing center

Robot automatic welding production line in welding workshop of prosperous factory area of China FAW Hongqi manufacturing center

In the future, China FAW will continue to speed up the control of key core technologies, resolutely establish a national automobile brand, continuously enhance its core functions and enhance its core competitiveness, accelerate the construction of China FAW into a world-class mobile travel technology company, and make new and greater contributions to the construction of a strong country and the great cause of national rejuvenation.

First time in 60 years! Hollywood screenwriters and actors will join hands to strike: pay dividends later and pay attention to AI reproduction performance.

  According to The New York Times’s report on July 13th, SAG-AFTRA announced that it had failed to reach a new agreement with AMPTP, which represents the interests of film and television production companies, and decided to strike.

  Earlier, the American Writers’ Union (WGA) began a strike on May 2. SAG-AFTRA will soon join their camp, which is also after 1960, when actors and screenwriters went on strike again. During the strike, the actors’ union will stop all script, film and TV production under AMPTP.

  Last month, members of the Actors’ Union voted overwhelmingly by 98%, authorizing the union management to go on strike if no agreement can be reached in the negotiations, and at the same time authorizing the union leaders to "stick it out" in the negotiations with the management.

  In the latest statement, the Actors’ Union said: "SAG-AFTRA is eager to reach an agreement that fully meets the needs of performers, and the producer’s response to the most important proposal of the Actors’ Union is to insult and disrespect our contribution to this industry. These companies refuse to make meaningful contacts on some topics, while others completely hinder us. "

  The union also said that after more than four weeks of negotiations, AMPTP is still unwilling to provide a fair deal on key issues that are crucial to the members of the Actors Union. "

  AMPTP represents Amazon, Apple, Disney, Comcast’s NBC Universal, Netflix, Paramount Universal, Sony and Warner Bros. Discovery and other major film companies and streaming media companies.

  It is reported that the demands of the actors’ union include "economic fairness, late dividends, standardizing the use of AI, and alleviating the burden of self-recorded audition fees in the whole industry".

  The core issue is salary and the use of artificial intelligence.

  The actors’ union believes that the remuneration of actors has "seriously shrunk" in recent years. Under the old system, if a TV series is a great success, actors can expect that there will be a large amount of checks left in their bank accounts in the next few years. Actors believe that in the era of streaming media, cakes become smaller and checks become smaller.

  "Fundamentally, we are interested in ensuring that our members share the success of the projects they create." Duncan Crabtree-Ireland, the chief negotiator of the trade union, pointed out.

  Actors are also very concerned about artificial intelligence and how to use this technology to replicate their previous performances without paying or consulting them.

  The strike of the actors’ union means that almost all American TV dramas and movies being filmed will stop shooting. During the strike, hundreds of thousands of actors who joined the trade union were not allowed to shoot any films and TV works, and could not attend any press conference or film premiere.

Guizhou denied that the hospital stopped using the essential medicine medical insurance fund.

  Recently, a medical device field published a document from the media saying that a 3A hospital in Guizhou issued a notice to stop using some medical consumables. This has caused a lot of discussion among netizens and medical staff. Some netizens worry that stopping using medical consumables may affect the treatment effect.

  Beijing Youth Daily confirmed from a third-class hospital in Guizhou that a similar notice was issued, but it did not stop using drugs necessary for clinical use. The Guizhou Health Planning Commission recently responded to the reporter of Beiqing Daily that the relevant regulations were issued to control the unreasonable growth of medical expenses. Controlling the unreasonable growth of medical expenses does not mean not accepting patients, prescribing drugs or treating diseases.

  The top three hospitals were accused of stopping using various consumables.

  Recently, a self-media report in the field of medical devices said that two top-three hospitals in Guizhou issued a notice to stop using medical consumables in a large area. "You don’t need to use the consumables with the same function, as long as the price is the lowest, you should make them domestically and don’t import them."

  According to the article, a 3A hospital in Guizhou recently issued a notice saying that in accordance with the requirements of the provincial government and the Provincial Health Planning Commission for the control of public hospitals, it will take "stopping some medical consumables in departments such as orthopedics, intervention, neurosurgery, operating room, ophthalmology, cardiology and other departments" in the future; Stop the use of all hemostatic and anti-adhesion materials, staplers, cutters, patches and biological patches, medical glue, punctures, disposable negative pressure drainage devices, etc. Except for some special departments, stop using all other sutures except silk thread; Suspend the warehousing procedures for high-value consumables and other measures.

  It was also mentioned in the notice that if the above-mentioned products stopped using have been delivered to the clinic, the supplier will take back the goods by itself. If the goods are not recovered, the hospital will not pay.

  According to the article, another third-class hospital in Guizhou has also released a plan to control the excessive growth of medical expenses, which clearly puts forward specific measures to reduce the use of consumables.

  The contents of the plan include: "From now on, in principle, the approval of high-value consumables will not be increased. Strictly control all kinds of consumables used in surgery that are not directly related to the curative effect of surgery, and all kinds of wound irrigation solution, anti-adhesion irrigation solution, anti-adhesion consumables, hemostatic sponge, hemostatic gauze and hemostatic powder used in surgery or operation will be stopped before the end of this year, and the inventory of merchants will be gradually digested or returned to merchants next year. "

  The hospital said that stopping using consumables will not affect treatment.

  The reporter of Beiqing Daily learned from the Affiliated Hospital of Guizhou Medical University that the hospital had previously issued a plan to stop using some consumables, but it was different from the situation of online transmission.

  Director Yang, the propaganda department of the hospital, said that the reason why some medical consumables were stopped was in response to the relevant notice issued by the Guizhou Provincial Health Planning Commission to control the unreasonable increase of medical expenses.

  Director Yang made it clear that stopping using these consumables will not affect the implementation of clinical surgery.

  The reporter of Beiqing Daily noticed that in addition to the affiliated hospital of Guizhou Medical University, the official website of Guizhou Provincial People’s Hospital also published the "Policy Interpretation on Controlling Unreasonable Growth of Medical Expenses in Public Hospitals" related to the discontinuation of some consumables.

  It is clearly mentioned in the Interpretation that the main measures to control the unreasonable increase of medical expenses include reducing the inflated price of medical consumables. "For drugs with large clinical dosage, high purchase amount and produced by many enterprises, centralized bidding and procurement shall be implemented in accordance with the regulations, and the price shall be exchanged for the price, so as to effectively reduce the purchase price of drugs. Encourage the use of domestic high-value medical consumables with high quality, low price and high cost performance under the premise of ensuring quality. "

  Netizens questioned that the local medical insurance fund bottomed out.

  After the news that some medical consumables were stopped in Guizhou province came out, it quickly caused controversy on the Internet. Some people think that this phenomenon confirms that the local medical insurance fund has a deficit.

  "The medical insurance fund has bottomed out." Tang Xu, a netizen from Zhihu, commented: Under the background of cost control, "some optional operations can be omitted, the hospitalization expenses will be reduced, and the reimbursement amount will be reduced. For the surgery that must be done, doctors and patients will not care about consumables, and they will buy them themselves. "

  Many people are worried that the discontinuation of high-value medical consumables will lead to a decline in the level of surgery and affect the recovery of patients. "For example, for colon cancer, if you don’t use an intestinal stapler, the doctor will sew with silk thread one by one, and the operation time will be doubled. Even if you can do minimally invasive laparoscopy, you have to open the abdomen, and the probability of intestinal fistula will increase. Subcutaneous induration will easily occur after the wound grows."

  Stopping using other sutures besides silk thread has also worried many people. In the future, some operations that affect the appearance must also choose to remove stitches. "It is not as convenient as the absorption line, but it is ugly."

  However, some insiders pointed out that many stopped consumables, such as hemostatic sponge and hemostatic powder, are not necessary in surgery. Generally, hemostasis can be achieved by dressing after suture. Only after cotton balls and other means can not stop bleeding successfully, will a hemostatic sponge with pharmaceutical ingredients be needed.

  The insider revealed that doctors’ kickbacks are high for high-value consumables such as staplers. Therefore, he believes that Guizhou Province introduced this regulation to control medical expenses and curb medical kickbacks.

  The medical insurance fund has not "failed to meet its expenses"

  Recently, the Guizhou Provincial Health Planning Commission replied to the reporter of Beiqing Daily in writing about the suspension of some medical consumables in several hospitals, saying that on October 19th this year, the Guizhou Provincial Health Planning Commission issued the Emergency Notice on Controlling Unreasonable and Excessive Growth of Medical Expenses, which clarified the targets and requirements for controlling medical expenses.

  According to the introduction of Guizhou Provincial Health Planning Commission, the state requires that the average growth rate of medical expenses in each province should be controlled within 10% in 2017. However, since the beginning of this year, the medical expenses in Guizhou Province have increased rapidly, which has greatly exceeded the national fee control target and exceeded the growth rate of the residents’ consumption index in the province, and has shown an unreasonable growth trend.

  The purpose of this Notice is to reduce the burden of medical treatment for the masses, "standardize the medical staff’s diagnosis and treatment behavior, and promote the return of public hospitals to public welfare and benign operation and development, so as to promote the growth of medical expenses and economic and social development, the operation of medical insurance funds and the affordability of the masses, and effectively safeguard the health rights and interests of the people.

  The Guizhou Provincial Health Planning Commission said that there are 21 main monitoring indicators to control the unreasonable growth of medical expenses. In the future, it will be passed that it is strictly forbidden to set income-generating indicators for medical personnel, and the personal income of medical personnel shall not be linked to the business income of medicines, consumables and large medical equipment inspection and treatment in hospitals; Reduce the inflated price of medical consumables, and encourage the use of domestic high-value medical consumables with high quality, low price and high cost performance on the premise of ensuring quality, and strive to control the growth rate of medical expenses in public hospitals in the province below 10% by the end of 2017.

  In response to netizens’ questioning that stopping medical consumables will affect the treatment effect, the Guizhou Provincial Health Planning Commission explained that controlling the unreasonable increase in medical expenses does not mean not accepting patients, prescribing drugs or treating diseases. Instead, "on the one hand, advocate public hospitals to standardize treatment and reduce unnecessary medical expenses for patients; On the other hand, guide patients to seek medical treatment scientifically, give full play to the role of medical institutions at all levels, and promote the establishment of a graded diagnosis and treatment system. "

  In addition, regarding the speculation that "medical insurance bottomed out" mentioned by netizens, the person in charge of the Propaganda Department of the Guizhou Provincial Health Planning Commission told the media yesterday that the medical insurance fund in Guizhou Province is running smoothly at present, and there is no situation that "the income cannot meet the expenditure".

  Text/reporter Kong Lingqi

Ask M8 exposure, buy M9, it is better to buy it, save 100,000 yuan.

Text | AUTO core ball

Author | Lei Man

Another king fried product is coming in the world.

I advised you before that M7 was too ugly and M9 was too expensive.

 

Such as asking M8, this is not coming?

Just now, the truth of M8 real car was exposed.

 

I took a closer look, and this is the most beautiful boundary in my heart.

From the side face value, it is much stronger than M7.

It’s also better than my boss’s 600,000, and the rushing M9 is much younger.

Crucially, M8 now uses the same original platform as M9.

It’s definitely not M7′ s oriental scenery.

Now Cyrus has confirmed that M8 uses the Rubik’s Cube platform.

Don’t underestimate this Rubik’s cube platform, it can build plug-in hybrid cars, extended-range cars and pure trams.

With this platform, you can get a new car just like going to jiaozi.

M9 is built on the Turing platform upgraded on the Rubik’s Cube platform.

And as you can see from spy photos,

M8 and M9 use the same headlights and taillights.

 

I made some inquiries, and it is very likely that M8 will be listed in December this year.

It was also the year when M9 went on the market, and it was the time to launch a new car.

If you ask me, the price of M8 will definitely be between M7 and M9.

You must agree with this,

That is, the range of 340,000 to 440,000. The configuration is actually very easy to guess.

The M8 low match will be in line with the M7 top match,

The M8 high match is the same as the M9 low match.

On the whole, the length of M8 will reach about 5 meters, with triple screen.

 

Adopting the extended range+pure electric dual power mode,

The extended-range version will be equipped with a 1.5T engine and a dual-motor 330kw power combination.

Intelligent driving, equipped with lidar, equipped with Huawei ADS3.0 advanced intelligent driving,

In terms of mechanical quality, the low gear will be equipped with a variable suspension, which can adjust the hardness.

The high gear may be equipped with air suspension, which can adjust the height.

As for laser projection and zero-gravity seats, it is estimated that they will also be optional.

Seeing this, those who are ready to buy M9 can wait,

After all, the configuration is not bad and the face value is good. The key is to save about 100,000 yuan.

If we really have these configurations, my boss spent 600,000 yuan on the M9 top in March.

It is estimated that he will have to break through the defense. The configuration and price of M8 will save him at least 200,000 yuan.

Should we wait for the party to be blessed?

Buy a car. Listen to me. Don’t be a sucker.

* The pictures in this article are all from the Internet.

Focus on smart cars to help key decisions.