Vehicle Control News (Text/Daily CHEK)

Recently, Beijing Automobile launched the BJ60 Thunder Edition at the regional press conference. The car was launched on August 20. There are three models in total, and the price range is 25.98-28 5,800 yuan.

In terms of power system, the BJ60 Thunder version adopts a 1.5T range extender with an electric motor system. The system has an efficient oil-electricity balance function, with a comprehensive fuel consumption of only 1.3L/100km and a full battery life of more than 1200 kilometers, making it suitable for long-distance driving.

The exterior design continues the family style. The front of the car is decorated with black paint, which is integrated with the lamp group. The chrome-plated decoration of traditional fuel vehicles is cancelled, and the whole is more flat, enhancing the visual sense of power.

In terms of size, the BJ60 Thunder version is 5040mm long, 1955mm wide, 1925mm high, and has a wheelbase of 2820mm. It provides two layouts of 5 and 7 seats to meet different user requests.

The interior design originates from the new generation, the central control screen and the passenger screen adopt an integrated shape, equipped with a number of high definition displays, including 10.25-inch LCD meters, 12.8-inch central touch screen and 12.8-inch passenger entertainment screen, providing a rich intelligent in-vehicle entertainment system.

The car is equipped with a wide range of features, including a 1.92-inch start button screen, a 9-inch display, and a HUD head-up display, which enhances driving convenience and a sense of technology.

In terms of power performance, the range extender of the BJ60 Thunder version can continuously output 90kW of high power, supporting high-speed driving at 145km/h for a long time, ensuring the balance of battery power and the optimization of battery life.

Car control CHEK community, the first smart car public test score + playing car AI significant other car enthusiast community, focusing on smart cars, competitor benchmarking, data reporting, intelligent driving, takeover rate, dangerous takeover mileage, battery life achievement rate, parking success rate, number of times, intelligent cockpit, evaluation indicators, owner group…

????Fan Bingbing large-scale dew point dress provokes controversy

????Hebei News Network News (Lingxi) Recently, actress Fan Bingbing appeared on the Oscar red carpet in an orange large-scale dress, elegant and sexy. Fan Bingbing’s large-scale dew point dress instantly killed all actresses and won the audience. Users have mixed reviews for Fan Bingbing’s first large-scale appearance at the Oscars. Some netizens support Fan Bingbing’s ability to live in any big scene, and some netizens find it difficult to accept Fan Bingbing’s large-scale appearance, especially the dew point dress does not conform to Fan Ye’s usual style.

Next section: Fan Bingbing’s past Muse-level private photos are exposed

1905 movie network news　The State Film Administration and the State Administration of Radio, Film and Television have released the latest project approval news! This means that another wave of new films and dramas is about to hit!

In terms of movies, there are many popular episodes of the same name, happy twist new works, and so on.

In terms of TV dramas, the movie starring Zhou Dongyu Kancheng Takeshi will be remade into a drama, and Annie Baby’s "Farewell to Vian" remake is also on the list. In addition, we also like to mention Zhu Yilong’s new drama…

Without further ado, let’s take a look!

Movie: The movie version of "Hua Qiangu" is finally here

Diao Yinan cooperates with Zhou Dongyu and Liu Haoran

"Hua Qiangu"

The picture shows the poster of the TV series version of "Hua Qiangu"

The film version of "Hua Qiangu" has been approved by the company approved by Tang Lijun, one of the producers of the drama version of "Hua Qiangu" – New School Culture Media Co., Ltd.

In 2017, it was rumored on the Internet that "Hua Qiangu" would be filmed. At that time, the news said that it was difficult for the protagonists of the drama to gather together, and the female protagonists of the movie version were intentionally selected from Guan Xiaotong, Di Lizheba, and Angelababy. In addition, Zhao Youting, Li Xian, and Hou Minghao were also selected actors for the movie version of "Hua Qiangu" at that time.Some media have called the copyright owners of the TV series and movie "Hua Qiangu", but the response was that the actors had not been determined.

Now that the film version has been approved for filming, who do you most expect to star?

"Moses on the Plain"

Adapted from the original book of the same name by Shuang Xuetao, the film will be produced by Diao Yinan, directed by Zhang Ji, and starring Zhou Dongyu and Liu Haoran.

As is known to all, Diao Yinan is renowned internationally for his gold and silver double bears. Zhou Dongyu and Liu Haoran are also young actors who are recognized for their acting skills. The original book "Moses on the Plain" was given a high score of 8.3 in Douban Reading.

With such a team and script, it’s hard not to look forward to it!

"New Furong Town"

The picture shows the old poster

The film "New Furong Town" written by Li Tao and Bu Yangui was approved for filming!

In 1986, "Furong Town" directed by Xie Jin and starring Jiang Wen and Liu Xiaoqing won two best film trophies. Since then, this ancient town has become famous all over the country. After more than 30 years, Furong Town has undergone many changes.

The story of "New Furong Town" is also closely related to the changes in Furong Town.

Happy Twist has a new film!

The new happy twist film "Country Girls Basketball Team" written by Han Xu and Saki Rengui has been officially approved. It is reported that the film focuses on a rural teacher and a basketball team composed of rural girls with basketball as the starting point.

From the perspective of the entry point, this will again be a work of laughter and tears.

Ice Hockey Trail

The picture shows the European version of the poster

In 2018, the Longyue China-EU cooperation project laboratory solicited outstanding film ideas around the world, and the 3D animation film idea "Ice Hockey Dream Trail" selected by Ori Animation was successfully selected.

"Ice Hockey Dream Trail" tells a story about dreams, and choosing the project at this time also means a gift to the 2022 Olympic Winter Games.

TV drama: Main theme works re-approved

A large number of excellent novel adaptations have emerged

"Merit."

The picture shows Zheng Xiaolong

"Merit" is directed by Zheng Xiaolong and co-directed by Shen Yan, Lin Nan, Yang Wenjun, Mao Weining, Kang Honglei, Yan Jiangang and Yang Yang.

The play is divided into eight units: "Yu Min", "Shen Jilan", "Sun Jiadong", "Li Yannian", "Zhang Fuqing", "Yuan Longping", "Huang Xuhua" and "Tu Youyou", which tell the stories of eight meritorious characters.

"We don’t seek to write a long biography of each meritorious character, but to intercept the most colorful part of their life, so that the theme is prominent, the structure is exquisite, the characters are distinct, and the plot is compact. We not only pursue the different styles of the grouped stories, but also achieve the unified integration of the whole, so that the majority of audiences can understand, understand and like to read," Zheng Xiaolong said.

This creative form is similar, and I wish you the same praise!

"Farewell to Vian"

Annie Baby’s original book "Farewell to Vian" includes short stories such as "Farewell to Vian", "July and Ansheng", "Warm" and "Seven Years".

Previously, the movie version of "July and Ansheng" starring Zhou Dongyu and Ma Sichun was a hit at the box office. Later, iQIYI led a remake of the TV series of the same name, starring Shen Yue and Chen Turin.

This time, I wonder if you are also looking forward to the story of "Goodbye Vian", and who do you want to star in it?

"Finally Waiting for You"

The picture shows the poster of the movie version of "Like You"

The movie "Like You" starring Takeshi Kancheng and Zhou Dongyu will be remade in the drama version! The original book of the same name in the drama version – "Finally Waiting for You".

The story tells the story of Gu Shengnan, the little chef, and Lu Jin, the boss, from happy enemies to "friends with food", and sparks of love in the coexistence of day and night.

In the movie version, although Zhou Dongyu and Takeshi Kancheng are quite different in age, they are full of cp. It is reported that the male and female protagonists of the drama version are Lin Yushen and Zhao Ruth.

Lin Yushen plays Yang Xiao in the new version of "Yitian Dragon Slayer". In the play, his love with Ji Xiaofu is regrettable.

In recent years, Zhao Ruth has also starred in film and television works such as "The Sweet Wife of Cookery", "Phoenix Prisoner", "Blue Love for Life and Death" and "Oh! My Emperor, His Majesty".

"Don’t Interrupt My Study"

"Don’t Interrupt My Study" is a novel written by Yueyuguang. The story tells the story of Nan Xiangwan, who has "academic discrimination", waking up and returning to the second year of high school, but he has turned from a straight-A student to a scumbag, and gradually reversed his prejudice in the process of sprinting to a famous school.

It is understood that the series of the same name is directed by Chen Feihong, starring Wen Qi and Lai Guanlin.

"Biography of Yunxiang"

The picture shows the cover of the novel "Thousand Doors"

Beijing Youth Hello Culture Media’s costume drama "The Legend of Yunxiang" has been officially approved. The company has invested in the production of a large number of dramas such as "Thinking Beauty", "Walking in Blood" and "Nanyanzhai Records". Liu Yifei, Jackson Yee, Jing Boran, Zhang Xinyu and other actors are all its former partners.

This time, "The Legend of Yunxiang" is based on Fang Baiyu’s series of novels "Thousand Doors", telling the story of Yunxiang’s decision to stand up for the country and the people after experiencing high spirits, betrayal and life and death in the rivers and lakes.

The series consists of seven novels, each of which has a score of around 8 on Douban.

"Fish Leaping in the Sea at This Time"

The picture shows the poster of the TV series "General Night"

"The fish leaps in the sea at this time, and the flowers bloom on the other side of the sky." is a line from the previous hit drama "General Night".From the synopsis, "Fish Leaping in the Sea at This Time" is based on the greasy novel "General Night", and the producer is also the same company as "General Night".

Careful netizens found that the genre of "General Night" is "ancient myths", while the genre of this new drama is "ancient legends", so it is not difficult to guess that "Fish Leaping in the Sea at This Time" removes the fantasy elements and adds some new scenes.

However, the proposal of "Fish Leaping in the Sea at This Time" still aroused a lot of discussion among netizens. Is this a remake or a sequel to "General Night"?

"The Rebel."

The TV series "Rebel" jointly produced by iQIYI and Xinli has now been approved.

The play is based on the award-winning work of the same name that Yu Yu won the first prize of the People’s Literature Award, and was created by famous screenwriters Li Xiaoming and Qin Wen.It is understood that "Rebel" starring Zhu Yilong and Tong Yao partner, in addition, Wang Zhiwen, Wang Yang, Zhu Zhu will also join.

The relationship between the characters in the original novel is complicated. Although Lin Nansheng, Gu Shenyan, Lao Pan, Xu Yizhen, Ji Zhongyuan and other intelligence personnel are in different revolutionary processes, they intersect with each other. While exchanging information, they also carry out mutual struggle and counter-struggle…The film and television of the novel has been in preparation since last year and is expected to start filming at the end of the month.

In addition, Zhu Yilong and Liu Shishi’s "Dear Self" was also completed yesterday, and I believe we will meet soon!

This time, the Film Bureau has processed and filed a total of 163 story films and 22 animated films (124 feature films were filed in the last issue, and no animated films).

From the data,The number of animated films has increased significantly, and the themes are mostly traditional Chinese myths.Including "Red Boy’s Valley of Ten Thousand Secrets", "Shanhai Jing Chang’e Flying to the Moon", "Yanhuang Biography" of Shennong "and so on, which is related to the" big explosion "of, which is more conducive to the spread of traditional culture to the next generation.

In addition, there is also a "Ice Hockey Dream Trail", which is a gift for the 2022 Olympic Winter Games."New Hibiscus" and "Moses on the Plain" represent the Chinese film genre. The river is diverting to different river basins.

The recent performance of Chinese literary films is enough to prove that they can also be small and beautiful in their own field.

In terms of TV dramas, "Merit" is the main theme, which is related to the frequent "big explosions" of the main theme in recent years.

Whether it is "My Motherland and Me" in the film or "Peace Hotel" and "Operation Icebreaker" in the TV series, they all reflect the audience’s undying enthusiasm for the main theme blockbuster.

A few years ago, "leading female dramas" were all the rage.From the early days of "Ugly Girl Invincible" to the recent onesZhen HuanBiography ""The Biography of Chu Qiao", "Hua Qiangu", etc., all revolve around the story of women’s growth and struggle.

　 　 　 And this trend is gradually being broken by models such as "double male lead" and "big male lead".Now the projects of "Hua Qiangu", "Farewell to Vian" and other dramas, coupled with "Youfei", "Green Hairpin", "Song Dynasty Palace Ci" and "Emperor Phoenix Industry" to be broadcast in 2020, also mean the return of the "big female protagonist" works.

However, the audience’s eyes are becoming more and more critical. The return of the "big female protagonist" does not mean that it has reached the peak of the trend again. It still depends on how to innovate in the "routine" and how to impress the audience again.

From the filing project, whether it is a movie or a TV series, the filmmakers tend to favor IP that already has a fan group. Many projects are from original novels, movies or TV series, including the sister stories of "Dear, Loving" and the animated version of "Celebrating More Years" that were filed in previous issues.This reflects the problem of over-reliance on existing IP and a lack of originality.

However, we also hope to see sound adaptations and innovations in new films and plays.

There is no chance to win, only by accumulating wealth and creating with heart is the foundation of permanence.

I hope that domestic films and domestic dramas will bloom and get better and better!

　　On the evening of July 25th, FAW Toyota’s new Asian Dragon 2.0L model was launched, with a new car price of 209,800.

　　The appearance and interior design of the new car are the same as those of the current car, including the family-style large-mouth air intake grille, L-shaped daytime running lights and headlights, side segmented waistline, through taillights, and exhaust from both sides.

　　The new car is equipped with a floating central control panel and a full LCD instrument. The center console area is equipped with a three-position steering wheel, a 12.3-inch LCD instrument and a 10.1-inch floating central control panel.

　　The main change of the new car is the optimization of intelligence and comfort configuration. On the basis of the original 2.0L progressive version, the Zhen Xuan version adds a leather seat, a leather handle and a leather steering wheel, which greatly improves the touch and texture. The front seats can be electrically adjusted, and the rear seats support 6∶4 electric tilting.

　　The new Asian Dragon 2.0L version also provides a Lingnan version. On the basis of the 2.0L version, it can be equipped with exclusive logos with Lingnan regional characteristics, such as Guangxi hydrangea, Fujian Tulou, Foshan Lion Dance and Hainan Coconut Tree, and can be equipped with digital keys.

　　The new car is equipped with a 2.0L naturally aspirated engine, with a maximum power of 130kW and a peak torque of 207N·m, matching the CVT continuously variable gearbox. This power level can be said to be comfortable for an intermediate family car. The new Asian Dragon 2.0L version is a supplement to the product series, and the price is only 10,000 yuan more expensive than the entry-level progressive version, but it brings more distinct texture improvement and configuration upgrade. (Photo: provided by FAW Toyota)

　　Important events in ESG field this week include: Shanghai legislates to promote the green transformation of development mode and regulate energy, industry and living consumption; Xiaomi released its first electric car SU7.

　　Cailian continues to pay attention to ESG and related behind it., technology research and development, investment and financing, etc. If you have a case of carbon neutrality, you can contact us through the following email address: chinastarmarket@cls.cn.

　　[International Overview]

　　Media: GlobalIndustry laid off more than 60,000 people in 2023.

　　According to the statistics of the Financial Times, the global industry laid off more than 60,000 people in 2023, which is one of the worst years of layoffs since the financial crisis, and it also changed the situation of massive recruitment since the new crown epidemic.

　　Waaree, India will invest $1 billion to build a photovoltaic module factory in Texas, USA.

　　On December 21, according to foreign media reports, Waaree Energies, an Indian photovoltaic module manufacturer, said that it would invest up to $1 billion to build a factory in Texas to take advantage of the soaring demand for clean energy in the United States. Waaree said that by 2027, its plan for Texas, USA.The Schell plant will become the largest in the United States.One of the factories.

　　Mandara Capital, an oil trader, will shut down its business.

　　Mandara Capital, a London-based oil trader, will close its business. The company was once one of the largest crude oil and fuel market makers. Muwaffaq Salti, the founder of the company, said that the shutdown procedure was in progress, but declined to elaborate.

　　Indian payment giant Paytm parent company will lay off employees.

　　One 97 Communications, the parent company of Indian payment giant Paytm, confirmed that it will lay off a small number of employees as part of cost-cutting measures, but did not specify the number of layoffs.

　　[Domestic trends]

　　National Energy Administration: In 2024, the newly installed capacity of wind power and photovoltaic in China will be about 200 million kilowatts.

　　According to the National Energy Administration, the country will speed up the construction of a new power system. In 2024, the newly installed capacity of wind power and photovoltaic in China will be about 200 million kilowatts. In 2024, the state will focus on key directions to carry out pilot tests and explore the establishment of new models, new formats and new mechanisms to adapt to the new power system. Accelerate the construction of the second and third batches of large-scale wind power photovoltaic bases, promote the completion and commissioning of projects in an orderly manner, and promote the high-quality leap development of wind power photovoltaic.

　　Shanghai legislates to promote the green transformation of development mode and regulate energy, industry and life consumption.

　　The ninth meeting of the Standing Committee of the 16th Shanghai Municipal People’s Congress passed the Regulations on Promoting the Green Transformation of Shanghai’s Development Mode, which will be implemented on January 1, 2024. The regulations mainly regulate the green transformation in the fields of energy development, industrial structure and living consumption, and at the same time clarify the basic management system and safeguard measures. In terms of energy green security transformation, the regulations clearly optimize the energy structure, promote green and low-carbon substitution of fossil energy, and promote the development of wind power, hydrogen energy,wait forAnd new typeDevelopment of ways; Build a new power system, improve the regulation ability of power grid and strengthen power demand side management; Optimize the allocation of power resources, improve the market-oriented trading mechanism of distributed power generation, and support distributed power generation entities to trade with power users in the same distribution network area in accordance with regulations. In terms of green lifestyle consumption, the regulations encourage green consumption and travel, support consumers to give priority to buying and using green low-carbon products, and guide the public to give priority to green travel.

　　China’s latest generation of large-scale wind power installation ship with deep sea integration is on trial.

　　On December 27th, a wind power installation ship with an operating depth of 70 meters designed and built by China was put on trial in Yantai. The ship has set a record of "the best in China" in terms of working water depth, deck variable load and lifting capacity. As the latest generation of large-scale wind power installation ship with deep sea integration in China, "Boqiang 3060" has a total length of 133 meters, a maximum operating depth of more than 70 meters, and a total variable load of 11,000 tons, which can meet three sets of 16 MW offshore wind.The transportation and installation of the group is the only new generation wind power installation ship in China that can carry the whole tower.

　　Silicon Industry Branch: Monocrystalline silicon wafer stocks suffered centralized selling, and prices fell in panic.

　　21 ST news, according to China,According to the official micro-news of Silicon Industry Branch of Industry Association, the price suffered irrational decline this week, and the inventory of P-type M10 silicon wafers suffered centralized selling, while N-type silicon wafers were relatively supported. The average transaction price of M10 single crystal silicon wafer (182 mm /150μm) dropped to 1.92 yuan per wafer, a decrease of 7.69% from the previous week. The average transaction price of N-type monocrystalline silicon wafer (182 mm /130μm) dropped to 2.18 yuan/wafer, a decrease of 4.39% from the previous week. The average transaction price of G12 single crystal silicon wafer (210 mm/150μm) dropped to 3.02 yuan/wafer, a decrease of 7.36% from the previous week.

　　[Industry trends]

　　Retail salary increase of 100%? Close to insiders responded: The news is true.

　　In view of the "retail salary increase,The news that the incentives are not capped, close to JD.COM insiders responded to the reporter: "The news is true." The reporter learned that since January 1, 2024, all online business personnel in JD.COM retail have been added to the fixed salary from the original monthly performance salary and the floating year-end bonus, enjoying the fixed year-end bonus of four times the monthly salary, and the adjusted annual fixed salary has increased by nearly 100%. In addition, the Boss unit of the business carries out additional performance improvement points according to the year-on-year improvement rate, and can obtain performance incentives without capping. The proposal will be announced by each business department in January 2024.

　　Xiaomi released its first electric car SU7.

　　Xiaomi released its first electric car, SU7, to position the C-class high-performance eco-technology car. Lei Jun said,Carrying 101kWh.kylin, CLTC cruising range is 800 kilometers.

　　Huawei officially released the price of M9 from RMB 469,800.

　　Yu Chengdong, CEO of Huawei BG and chairman of BU, a smart car solution, officially released the M9 at the press conference of the M9 and Huawei Winter Scene, with the extended-range Max version priced at 469,800 yuan and the extended-range Ultra version priced at 529,800 yuan; The pure electric Max version is priced at 509,800 yuan, and the pure electric UItra version is priced at 569,800 yuan. In terms of battery life, Wenjie M9 is equipped with the 4th generation extended range platform. The comprehensive battery life of the 52-degree version CLTC reaches 1402km and the pure battery life reaches 275km.

　　Wang Jianlin continued to sell wanda plaza ZhonglianTake over Guangzhou Luogang wanda plaza

　　Wang Jianlin is still selling his wanda plaza. The reporter learned that Wanda has transferred Guangzhou Luogang wanda plaza to Zhonglian Qianyuan Real Estate Fund Management Co., Ltd.. On December 29th, Guangzhou Luogang wanda plaza Co., Ltd. changed its equity, and Dalian Wanda Commercial Management Group Co., Ltd. withdrew from the company., 100% owned by Suzhou Lianshang No.4 Commercial Management Co., Ltd., whose controlling shareholder is Zhonglian Qianyuan Real Estate Fund. Xiaocai Note: Previously, Zhonglian Fund had taken over Taicang wanda plaza and held 100% shares.

　　In the 52nd week of 2023, the sales volume reached 12,100 vehicles.

　　On December 26, according to the officialNews, in the 52nd week of 2023 (12.18-12.24), the weekly sales volume reached 12,100 vehicles. Continue to launch an impact on the monthly sales target of50,000 vehicles. As of December 24th, LI has sold 36,400 vehicles this month, continuing to lead the new forces.

　　It is planned to increase the proportion of LNG long association to 20%-30% to support the whole terminal business scale, and it will be gradually increased in batches in the future.

　　December 25, recently acceptedShi said that according to the planning and progress of the terminal construction, the company has been actively carrying out foreign business negotiations with new long-term cooperation, and plans to increase the proportion of LNG long-term cooperation to 20%-30% to support the business scale of the whole terminal, which will be gradually increased in batches in the future. Up to now, the company has not made a final decision, which will be carried out after it is formally signed..

　　Investment successPower science & technology company

　　On December 25th, Aiqicha App showed that Diyi Yuanjing Power Technology (Wuxi) Co., Ltd. was established with Yang Xiaowei as its legal representative, with a registered capital of RMB 1 billion, and its business scope includes manufacturing. Sales of automobile power exchange facilities; Technical services, etc. According to shareholders’ information, the company is jointly owned by Automobile Co., Ltd. and Yuanjing Power Technology (Jiangsu) Co., Ltd.

　　[Technology, Investment and Financing]

　　Weidu Technology completed round B1 financing of 100 million yuan.

　　Windrose Technology completed the B1 round of financing of 100 million yuan. This round of financing investors include the Pilot Venture Capital Fund in Baohe District of Hefei, Goodman Group, Jiamin Group, Australia’s largest industrial real estate group, Zo Future Group, a listed company in Hong Kong, and Han Wen, founder of Weidu Technology. Weidu Technology is a new energy heavy truck start-up, mainly engaged in the research, development, manufacture and sales of new energy heavy trucks, and provides fully redundant drive-by-wire chassis, powertrain, body shape and interior, which can meet the demand of L4 autonomous driving.

　　Bolei Technology completed B1 financing of over 100 million yuan.

　　Bolei Technology recently completed the B1 round of financing of over 100 million yuan, which was financed by Jiuzhi Capital and Jinshui Lake., Rongxi joint investment. This round of financing will be used to develop a large-capacity and large-distanceAnd intelligent electronic control system, to create a regional model to enter more mining areas. Bolei technology is ubiquitous.Technology developer, dedicated to autonomous driving, etc.R&D and application of technology to create enterprise-level intelligent operation solutions.

　　Rong Feng Digital Energy completed tens of millions of Pre-A rounds of financing.

　　Recently, Rong Feng Digital Energy Technology (Shenzhen) Co., Ltd. (hereinafter referred to as Rong Feng Digital Energy), a one-stop solution service provider, has completed tens of millions of Pre-A rounds of financing, with Dagong Capital as the lead investor and Gaoshi Capital as the exclusive financial advisor. This round of financing funds of Rong Feng Digital Energy is used to deliver the investment in operation and product research and development. At present, the core product of Rong Feng digital energy "source-grid load storage" energy storage PCS covers 100-3,450 kW, which has the characteristics of high-frequency isolation, bi-directional, ultra-high efficiency, multi-function (charging/grid-connected/off-grid) and ultra-wide voltage range.

　　Hongzheng Energy Storage completed tens of millions of A+ rounds of financing.

　　Recently, Hongzheng Energy Storage (Shanghai) Energy Technology Co., Ltd. (hereinafter referred to as "Hongzheng Energy Storage") completed tens of millions of A+ rounds of financing. This round of financing was led by Puhua Capital, and other investors followed suit. Hongzheng Energy Storage is committed to providing comprehensive green energy applications and system solutions, focusing on technological innovation and product development in the field of energy storage. Use AI intelligence,Analysis, cloud technology and other energy digital technologies, and strive to build a full range of energy storage products with BMS, PCS, EMS and smart cloud platform as the core, and build a cloud-side collaborative system of energy storage system to realize comprehensive perception, intelligent diagnosis, collaborative control and intelligent operation and maintenance of energy storage power stations, and provide high-quality products and technical solutions for different needs of power generation side, power grid side and user side.

Finally, Xiaomi Automobile ushered in the publicity.

On November 15th, the Ministry of Industry and Information Technology announced the contents of the Announcement of Road Motor Vehicle Manufacturers and Products (the 377th batch) and the Catalogue of Energy-saving and New Energy-using Vehicles with Vehicle and Vessel Tax Relief (the 56th batch), and two Xiaomi brand pure electric cars were listed.

It is different from the expected approval of the Beijing Development and Reform Commission’s pure electric passenger car project, and then applying for relevant licenses from the Ministry of Industry and Information Technology as Xiaomi Automobile. The applicant for Xiaomi Automobile’s two products is Beijing Automobile Group Off-road Vehicle Co., Ltd., which is simply understood as using the production qualification of Beiqi off-road, and the actual production will still be the Xiaomi factory located in Yizhuang, Beijing.

In any case, Xiaomi Automobile has made key progress since it was officially listed, which does not make Lei Jun feel a little relaxed. On the contrary, since the product was publicized, Lei Jun’s pressure may be even greater.

01

Will there be independent production qualification?

At the end of August this year, Reuters quoted people familiar with the matter as saying that Xiaomi had been approved by the National Development and Reform Commission to produce electric vehicles, but it still needed the approval of the Ministry of Industry and Information Technology. But so far, there has been no official confirmation about the production qualification.

Previously, in order to let a few catfish in, from March 16, 2016 to January 8, 2019, in less than three years, there were Beiqi New Energy, Changjiang Automobile, Future Automobile, Chery New Energy, Min ‘an Automobile, Wanxiang Group, Jiangling New Energy, Chongqing Jin Kang New Energy, Guoneng New Energy, Yundu New Energy, Zhidou, Henan Suda, Zhejiang Hezhong, Land Ark, etc.

On January 10, 2019, the Regulations on Investment Management of Automobile Industry (hereinafter referred to as the Regulations) was officially implemented, and the whole automobile and other investment projects were put on record by the local development and reform departments. Among them, the whole vehicle investment project is filed by the provincial development and reform department. However, in more than four years after the formal implementation of the filing management, no enterprise has received the approval of the passenger car project. According to the anecdotal view, this is related to the unsatisfactory development of most of the 18 approved enterprises and the overcapacity of new energy vehicles.

According to incomplete statistics, neither the car-making projects under the Internet companies such as Baidu and Didi, nor the new wave of new car-making forces such as Niu Chuang and Luo Wei, have obtained the car-making qualification, even the way to "acquire" the qualification is basically blocked.

Until the appearance of Xiaomi Automobile, it was thought that it was expected to break the silence of the qualification examination and approval for making cars for more than four years. Now, obtaining the production license by borrowing chickens and laying eggs first means whether Xiaomi Automobile can obtain the "independent production qualification" later. There are great variables.

Well done, maybe, but not well done, it may drift away.

02

Beijing has high hopes for Xiaomi Automobile.

In fact, the smooth progress of Xiaomi Automobile cannot be separated from the strong support of Beijing. Once upon a time, the output value of new energy vehicles in Beijing was in a leading position in China, but in recent years, Xi ‘an, Shanghai, Liuzhou, Chongqing and Guangzhou have developed rapidly. According to the production and sales data in 2022, the output of Xi ‘an, Shanghai, Chongqing and Guangzhou are in the forefront.

The automobile industry is one of the pillar industries in Beijing’s manufacturing industry, and naturally it will not be content with others. At present, Beijing is making great efforts to promote the transformation, upgrading and development of the automobile industry, clearly focusing on intelligence, green and coordination, and taking intelligent networked vehicles as one of the key and strong "Beijing Zhizhi" industries. In this context, in addition to the existing vehicle companies, Beijing also needs new forces to build cars to speed up the conversion of old and new kinetic energy. LI and Xiaomi are key support projects.

At the beginning of 2022, Xiaomi Automobile and LI, as two new car companies, were written into the 2022 Beijing Municipal Government Work Report, which clearly stated that Xiaomi Automobile should be promoted to start construction and LI should be built.

Lei Jun is also mindful of Beijing’s support. During the two sessions of the National People’s Congress this year, Lei Jun, a representative of the National People’s Congress, solemnly stated at the plenary session of the Beijing delegation: "Xiaomi is a Beijing-born enterprise, which must take root in Beijing’s development and make due contributions to the scientific and technological innovation and economic development of the capital. Here I express my determination that I will definitely build the car and will never live up to everyone’s expectations. "

In March this year, the list of "Three 100" key projects in Beijing in 2023 was released, and the second phase of Xiaomi Smart Factory, the technical renovation project of Beijing Benz automobile, the global flagship factory in LI and many other high-profile projects were all on the list.

In July this year, Yin Yong, deputy secretary of Beijing Municipal Committee and mayor, expressed the hope that the majority of private scientific and technological enterprises would actively integrate into the construction of Beijing International Science and Technology Innovation Center, continue to increase investment in R&D, tackle key core technologies and form more international leading scientific and technological achievements. Adhere to the main business, strengthen the industry, combine the capital’s functional positioning and demand layout of high-tech projects, continue to exert efforts in frontier fields such as intelligent manufacturing, cloud computing, artificial intelligence, intelligent networked cars and robots, and play a greater role in promoting high-quality development in Beijing.

Beijing’s support and expectation, and Lei Jun’s statement of "never fail" do not allow the Xiaomi automobile project to go wrong, which invisibly adds a lot of pressure to Lei Jun..

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New challenges will follow.

Since Lei Jun announced that Xiaomi built a car, the news about Xiaomi has always attracted great attention from the outside world, especially how to obtain production qualifications and whether it can be mass-produced as planned.

Based on the known news at present, Xiaomi Automobile has entered the stage of small-batch trial production, further verifying the reliability of the products, and ensuring that the products produced in small batches for three months have no major problems, and officially started mass production.

Xiaomi Automobile Factory had previously urgently recruited five major types of operations, with a gap of 100 people at one time. These jobs include painting operators, battery shop operators, assembly operators, body operators and equipment maintenance workers. Previously, a reporter from China Automotive News also visited Xiaomi Factory. After lunch break, I saw a large number of production workers entering the factory to start work. At that time, some workers said that the manufacturing work of Xiaomi automobile had already started, and vehicles were off the assembly line every day.

It is not difficult to find that Xiaomi Automobile has been rushing to ensure mass production on schedule. However, mass production is only the first step to build a car. The construction of sales channels, capacity climbing, supply chain system construction, etc. are all challenges that Xiaomi Automobile will face in the future. These challenges are no easier than applying for qualification and mass production.

At the graduation ceremony of Wuhan University this year, Lei Jun once said with emotion: "At the age of 51, I decided to start a business for the last time in my life and be a car! From software to e-commerce, to mobile phones, to cars, the unprecedented span is even more difficult. "

Obviously, Lei Jun, who is over half a hundred years old, is also under great pressure. After all, when Xiaomi made a mobile phone in 2010, smart phones just started to rise, and Xiaomi’s mobile phone got the dividend of the times, but the time node for mass production of Xiaomi’s first car is somewhat late.

At present, the track of smart electric vehicles is already very crowded, and new and old car-making forces have laid out cutting-edge products in various segments. Xiaomi automobile no longer has any first-Mover advantage, and it is hard to say how much differentiated competitiveness the first production model has.

According to previous news, Xiaomi Automobile is making real-time product strategy adjustment, and has added an extended program in addition to the pure electric technology route. The extended program version is expected to be listed in 2025 with the second generation platform. In addition, Xiaomi’s newly released new operating system Xiaomi 澎湃 OS may also be installed on Xiaomi car.

According to the information published by the Ministry of Industry and Information Technology, the models of the two Xiaomi brand cars are SU7 and SU7 Max/Pro respectively. In terms of size, the length, width and height are 4997mm, 1963mm and 1455mm respectively, and the wheelbase is 3000mm, so they are positioned as C-class cars. However, this market segment is not only one of the few territories where joint-venture fuel vehicles still dominate, but also a highland that many new car-making forces desperately seize.

According to informed sources, Xiaomi Automobile will start mass production in December and go on sale in February next year. According to this progress, Xiaomi Automobile will be officially launched soon. The results are about to be announced. It is not easy for Xiaomi to win the first battle, and the only thing Lei Jun can do is to continue to go all out.

Lao Ling, what is it?

Singing in Old Age Kazakh grandmothers from Xinjiang are singing on the stage.

Zhou Fang, a 93-year-old professor from Tsinghua, connected with his sisters on the stage.

Old age is the golden age for silver hair to pursue happiness.

It is the dawn time when the sunset continues to shine.

Laoling is them today and us in the future.

　　　　　　 On June 21st, 2020, an exclusive music program for 250 million elderly people, The National Chorus Competition for the Aged will be premiered at 17: 00 every Sunday on CCTV Comprehensive Channel and replayed at 20: 15 on CCTV Social and Legal Channel.

　　　　　　 This season’s music variety show in the field of the elderly, which took two years of careful preparation and was independently produced by Huang Wei, the host of the Central Radio and Television General Station for the first time, received enthusiastic response from the whole society’s elderly chorus groups as soon as it was launched. In the end, 32 choirs appeared on the CCTV stage, and more than 2,000 elderly singers participated in the recording.

In 1965, the premiere of "Singing at an Old Age" and "Long March Songs" sounded the assembly number again.

"Singing in Old Age" 87-year-old Grandma Xie Gongcan showed a group photo of the chorus members of "Long March Songs" and Premier Zhou.

　　　　　　 With the theme of "Remembering the eventful years and singing the songs of the times", "Singing in the Age of Music" leads the audience to appreciate the youth and historical journey of their predecessors through interviews and chorus, and feel their singing from music and spiritual inheritance in moving melodies.

　　　　　　 Aspect 1: "Singing" resounds the great feelings of home and country, and returning to "looking forward" is an extraordinary way.

　　　　　　 "Singing at an Old Age" is not only a grand musical event, but also a recitation of the feelings of home and country. The passionate singing of every old choir expresses the love for the great motherland; Every familiar melody tells the pioneering story of youth and hard work; Every enduring song sings a magnificent and magnificent epic of struggle.

"Singing in Old Age" The Chorus of Chinese Academy of Sciences sang "The Motherland Will Never Forget"

　　　　　　 From the first atomic bomb, the first rocket and the first furnace of molten iron in New China to the first self-trained doctor, "Singing in Old Age" not only activates the dusty melody of the audience with music, but also invites historical witnesses and witnesses to tell the stirring past and indelible memories on the spot.

Li Daoyu, winner of the national honorary title of "Singing at an Old Age" and "Outstanding Contributor to Diplomatic Work", was interviewed.

"Singing in Old Age" Grandma Yu Haiyu, a 100-year-old policeman, was interviewed

Mr. Bin Liu, the leader of the drafting group of "Singing in Old Age" and "Compulsory Education Law", was interviewed.

　　　　　　 Aspect 2: Although Zhu Yan changed her love to be constant, she showed her golden age.

　　　　　　 Singing in Old Age not only tells the story of China’s pioneering, cultivation, construction and innovation of the elderly, but also makes an in-depth discussion on the life of the elderly at present. In the choir, there are Tsinghua female professors who have been in the group for more than 20 years after retirement. Their songs sing the sisterhood of the elderly groups who are dependent on each other and learn from each other. There is an elderly choir from a nursing home in Hebei, with an average age of nearly eighty years, pursuing the beauty and joy of golden time.

　　　　　　 On this stage, we can see the relaxed and free-spirited mentality of the elderly and the wonderful life after retirement, all of which demonstrate the upward, positive and optimistic life concept of the elderly in the new era, and are also the best interpretation of the "golden value of the sunset".

"Singing in the Old Age" 88-year-old Grandma Ren Weiping talked about the old age in the nursing home.

"Singing in Old Age" Friends and relatives cheer for the choir members.

　　　　　　 Aspect 3: the new challenge of the music veteran, gorgeous turn and shine.

　　　　　　 The elderly choirs who participated in "Singing by Lao Ling" have rich performance experience, and some even participated in hundreds of performances, but for these "battle-hardened" singers, "Singing by Lao Ling" is a brand-new artistic challenge. For the first time, I cooperated with the live band, rehearsed the songs re-arranged with the orchestration for the first time, and competed with the top elderly choirs from all over the country for the first time … … These unprecedented challenges make the old people seem to have returned to the era of school, examination and sprint, and rejuvenate their youthful demeanor.

Liu Wen, an 87-year-old criminal police officer, is preparing for his debut.

"Singing in Old Age" 83-year-old grandma Huang Deqiong reappeared tea things, which was performed in Beijing in 1952.

　　　　　　 Despite the difficulties, they are not afraid of difficulties, and show the spiritual outlook of the elderly in China in the new era with performances comparable to those of professional teams; They injected their will to struggle into the stage of "Singing in the Age of Music", which once again proved their responsibility as pioneers and builders of the country; They also use their strength and efforts to show the yearning of the elderly in China for high-quality cultural life. The amazing live performance and deep patriotic spirit also attracted countless admiration from the judges.

　　　　　　 Just as Judge Jia Ding said: The singing skill is not the only thing that touches people’s hearts, but also the old people’s love for music, generate’s happiness in music and their belief that music is the most beautiful companion in life.

On-the-spot comments of Judge Jia Ding on "Singing in Old Age"

　　　　　　 Aspect 4: Warm stationing is guaranteed, and love escorts music dreams.

　　　　　　 Among the choirs participating in the recording, there are descendants of Hainan Qiongya Column, grandmothers from Kazak in Xinjiang, and uncles and aunts of Mongolians who retain the original ecological characteristics of singing and dancing. These choir members from all over the world, the youngest is over 60, and the oldest is 93 years old. In order to effectively do their security work, the program group has arranged exclusive staff and exclusive vehicles for one-stop service from railway stations and airports to hotels and rehearsal fields; Medical staff and ambulances are stationed 24 hours a day; Catering is refined to individuals, and point-to-point special catering is carried out for special people.

　　　　　　 From the dressing room to the entrance, from the center of the stage to the exit, the staff of the column group built a human guardrail to effectively protect the personal safety of each member. Although we are a competition, we are more than love. Everything is only for the perfect presentation of the old people on the stage.

Singing in Old Age Coach Qian Kui and his wife Coach She Shuqin with Alzheimer’s disease.

　　　　　　 Aspect 5: "Old" programs are spread with "new" and promoted by media.

　　　　　　 Although it is a variety show with the elderly as the main audience, neither the production nor the publicity of "Singing in Old Age" strives to integrate into the current trend, so that audiences of all ages can participate and blend in. The program team made great efforts to innovate in new media communication, combined with CCTV to create a new media communication matrix, and promoted the program on platforms such as Tik Tok and WeChat WeChat official account through original short videos and exclusive WeChat applets, so that the program could cover more viewers and further expand the brand influence of the program.

　　　　　　 The original short video takes the content of the program as the core and the life of the elderly as the theme, showing the extraordinary experience and positive, healthy and optimistic attitude towards life of the elderly; The exclusive WeChat applet is rich in functions, providing an efficient interactive experience for the audience, and displaying the information of the participating teams and judges with rich graphic information to let the audience know more behind-the-scenes information. Viewers can also guess the winning team of each program in the exclusive applet and have the opportunity to win prizes. Audience friends who like singing can also upload group chorus videos through small programs, and excellent works will get the opportunity to be displayed in small programs. Novel forms of interactive promotion and communication help more young people to feel the heartfelt singing of the elderly.

Traditional media and new media interact to create a multimedia communication matrix.

　　　　　　 Aspect 6: After serving the elderly for 25 years, Huang Wei is the first producer.

　　　　　　 The producer of the project "Singing in Old Age" is Huang Wei, a senior host of CCTV. During her 33-year hosting career, two-thirds of her time was spent with the elderly. Therefore, it has always been her dream to create an exclusive stage for the elderly, and "Singing in Old Age" finally fulfilled her dream.

　　　　　　 In order to realize this dream, Huang Wei spent countless sleepless nights in the past two years. In order to build this stage for the elderly, she led her friends born in 1980s and 1990s, interviewed more than 3,000 elderly people, and conducted and organized hundreds of research and study planning meetings, in order to produce such a variety show that the elderly are willing to participate and the young people are willing to listen, thus realizing the inheritance of the old and the new.

　　　　　　 The age of music is wonderful and the rhyme is more vivid. "Singing in the Age of Music" provides a stage for the elderly friends who love music, so that they can really sing classics, recall their youth, tell the story of China, celebrate Chinese civilization, and show the positive attitude towards life of the elderly people in the new era! The goal of "Singing in the Age of Music" is to pursue a happy life and create a healthy and optimistic social trend in the loud songs of many people of the age of music.

People’s Daily Online, Beijing, November 1 (Reporter Yang Lei) On October 31, the 2023 FISU Football World Cup ended in Jinjiang, Fujian. Beijing Normal University beat paulista University of Brazil in the women’s final and won the championship, while paulista University men’s soccer team won the men’s championship.

On the afternoon of October 31st, the battle for the women’s championship of the 2023 FIFA World Cup in Jinjiang was held at the training ground of Jinjiang Football Center. The team of Beijing Normal University, which represented China, played against the team of paulista University in Brazil, and the two sides fought for 120 minutes and drew 2:2. In the final penalty shootout, Beijing Normal University won the championship with a total score of 7:6.

"Today, we made full preparations for playing for 120 minutes and presented a very wonderful game to everyone. It is our honor to stand on the highest podium again after 12 years. " Bi Yan, former China international and head coach of Beijing Normal University, said after the game.

At the 2011 Shenzhen Universiade, Bi Yan helped the Beijing Normal University women’s football team win the championship by beating the Japanese team 2-1. Twelve years later, as the head coach, she led the team to the highest podium in the world college football again.

In the men’s final, paulista University of Brazil beat the Ukrainian National University of Economics and Business men’s soccer team 7-6 in a penalty shootout and won the championship. Hohai University’s men’s soccer team, representing China, created the best result of China University’s men’s soccer team in the FIBA World Cup, and finally won the eighth place.

　　"Recently, we are studying and launching several other structural tools, mainly focusing on supporting the smooth operation of the real estate market, including the Baojiaolou loan support plan, the housing rental loan support plan, and the private enterprise bond financing support tools. We will make some other detailed disclosures and releases after the introduction." On January 13, at the press conference of the State Council Office, Zou Lan, Director of the Monetary Policy Department of the Central Bank, introduced.

　　In the past few days, the real estate policy has been favorable. On the 10th, the People’s Bank of China and China Banking and Insurance Regulatory Commission jointly held a symposium on credit work of major banks. At the symposium, CBN was informed that in order to effectively prevent and resolve the risks of high-quality head housing enterprises and improve their assets and liabilities, the relevant departments drafted the Action Plan for Improving the Balance Sheet Plan of High-quality Housing Enterprises (hereinafter referred to as the Action Plan). The action plan focuses on 21 tasks from four aspects: assets, liabilities, rights and interests, and expectations, including the implementation of some issued policies and some new policies.

　　Chen Wenjing, director of market research in the Index Division of the Central Finger Research Institute, said that the four major policy directions of financial support for real estate are clearer: differentiated credit support on the demand side, improvement of policy tools for guaranteeing the delivery of buildings, improvement of the balance sheets of high-quality housing enterprises, and improvement of financial support policies for housing leasing.

　　Improve the balance sheet of high-quality housing enterprises

　　From the specific content of the action plan, on the asset side, we should activate reasonable demand by optimizing policies, increase efforts to guarantee the delivery of buildings, stabilize real estate sales, compact the responsibility of enterprises to slim down and save themselves, and strive to improve the operating cash flow of high-quality housing enterprises. We will support the demand for rigid and improved housing, speed up the special loan for newly-added Baojiaolou, set up a 200-billion-yuan loan support plan for Baojiaolou, set up a special re-loan for national asset management companies, and set up a 100-billion-yuan housing rental loan support plan. A series of measures are accelerating.

　　On the debt side, under the premise of risk control and ensuring the security of creditor’s rights, we will start with the stock and increment, increase the multi-channel financing support such as loans, bonds and asset management, and keep the financing cash flow of high-quality housing enterprises stable.

　　On the equity side, support high-quality housing enterprises to enrich their capital through equity financing measures, reduce financial leverage and enhance their ability to resist risks.

　　In terms of the expected improvement of the real estate market, it is clear that it is necessary to establish a positive image of high-quality housing enterprises, ensure the delivery time and quality of commercial housing, improve the quality of financial statements and information disclosure of housing enterprises, improve market expectations and rebuild industry confidence.

　　Zou Lan said at the press conference that the action plan focuses on high-quality real estate enterprises that focus on their main business, operate in compliance, have good qualifications and have certain systemic importance, and focuses on promoting 21 tasks in four aspects: asset activation, debt succession, equity supplement and expected promotion. Comprehensive measures are taken to improve the cash flow of high-quality real estate enterprises and guide the balance sheets of high-quality real estate enterprises to return to a safe range. These tasks include not only the implementation of the policies that have been issued, but also a series of new measures such as setting up special refinancing for national asset management companies and setting up housing rental loan support plans.

　　While clarifying the basic conditions of high-quality housing enterprises, the action plan indicates that there is no specific list, and financial institutions can grasp it independently. At present, most real estate enterprises that have signed intention credit agreements with state-owned banks and other prime bank can be classified as high-quality real estate enterprises. The industry also believes that the absence of a specific list means that the scope of supporting enterprises is also expanding.

　　Liu Shui, director of enterprise research at the China Central Finger Research Institute, believes that the formulation of the action plan shows that the management department has made a more systematic and overall solution to prevent and resolve the risks of high-quality head housing enterprises. "Asset activation effectively improves the operating and financing cash flow of housing enterprises. Debt continues to ease the liquidity tension. Supplement equity, optimize the structure of assets and liabilities, and reduce leverage ratio. The expected improvement will repair industry confidence. "

　　"Three lines and four gears" will be adjusted

　　What is particularly striking is that the action plan clearly needs to improve the "three lines and four files" rules for 30 pilot housing enterprises, and improve some parameter settings on the basis of keeping the overall framework of the rules unchanged.

　　The so-called "three lines and four gears" means that in August 2020, the Ministry of Housing and Urban-Rural Development and the central bank held a symposium on key real estate enterprises, at which three regulatory requirements were put forward: the asset-liability ratio excluding advance payments should not be greater than 70%, the net debt ratio should not be greater than 100%, and the cash short-term debt ratio should not be less than 1 times.

　　According to the number of lines on the "three red lines", real estate enterprises are divided into four grades of management: red, orange, yellow and green. For each grade reduction, the upper limit of the growth rate of interest-bearing liabilities will increase by 5%, and the annual growth rate of interest-bearing liabilities of real estate enterprises in the green position should not exceed 15%.

　　According to the regulatory requirements, from January 1, 2021, housing enterprises officially entered the test period of reducing leverage; By the end of June 2023, all the "three red lines" indicators of pilot housing enterprises must meet the standards, and all housing enterprises will meet the standards by the end of 2023.

　　Since then, downshifting, debt reduction and burden reduction have become the main theme of housing enterprise management. In this tide of reducing leverage, many housing enterprises optimize their balance sheets by reducing borrowing and controlling land acquisition. Until 2021, the leverage ratio of the whole industry generally showed a downward trend. However, since 2022, affected by repeated epidemics, supply cuts and other factors, the sales of housing enterprises have fallen sharply, and the return and cash holdings have dropped significantly. The "stepping on the line" housing enterprises have a tendency to expand.

　　According to Cree’s statistics, from the classification of sample real estate enterprises, the number of real estate enterprises stepping on the line has increased significantly since the middle of 2021, and the proportion of green housing enterprises in the first half of 2022 has dropped from 42% at the beginning of the year to 32%; The proportion of yellow, orange and red housing enterprises has risen, and the proportion of red housing enterprises has increased year by year, from 7% in mid-2021 to 17% in mid-2022.

　　At the same time, there is the problem of excessive contraction of financial institutions. Some financial institutions will require that the balance of interest-bearing liabilities of "red-file" enterprises should not be increased, which is misunderstood as that banks are not allowed to issue new development loans. After the enterprises pay back the loans, the newly started projects that should have been reasonably supported will not get loans, which has also caused some enterprises’ capital chains to be tight to some extent.

　　Last year, industry suggestions for fine-tuning the "three red lines" began to appear. For example, Sheng Songcheng, former director of the Survey and Statistics Department of the People’s Bank of China, suggested in April last year that the deleveraging cycle should be appropriately extended without changing the goal of deleveraging policy, including appropriately adjusting the three red lines and loan concentration assessment requirements, so as to gain time for the industry to respond to the epidemic.

　　At the beginning of last year, there was market news that banks had informed some large-scale high-quality real estate enterprises that the relevant M&A loans were no longer included in the "three red lines" related indicators for the debt-bearing acquisition of insurance enterprise projects. However, the "third line and fourth gear" is still an important criterion for financial institutions to judge housing enterprises.

　　Experts interviewed in the industry believe that the "three red lines" standard will be fine-tuned, and it is expected that the requirements of the red line will not change. It may be the same as the loan concentration, extending or setting the transition period, weakening different gears, and increasing the tolerance for debt growth. The requirements for land acquisition and cash flow will also decrease. As a result, some enterprises will have certain leverage space.

　　Yan Yuejin, research director of Shanghai Yiju Real Estate Research Institute, believes that mortgage concentration and three red lines will continue to be implemented, and the overall reform idea is still in line with the long-term mechanism of real estate financial management, but it will be combined with short-term and medium-and long-term work. At present, the short-term emergency policy will be emphasized, so the concentration of mortgage and the three red lines will be relaxed or buffered.

　　Liu Shui said that reasonably extending the transition period of the real estate loan concentration management system and improving the parameter setting of the "three-line and four-file" rules of housing enterprises will give housing enterprises a relaxed financing environment and reduce the pressure of financing and debt. On the one hand, extend the transition period of real estate loan concentration management system, reduce the credit constraints of banks, and provide loose conditions for banks to support real estate financing. On the other hand, according to the actual situation of the industry, flexibly adjusting and perfecting the parameter settings of "three lines and four gears" and reducing the requirements for housing enterprises can reduce the pressure on the operation, financing and debt of housing enterprises.

　　The market is expected to go out of the trough.

　　"The industry’s debt structure is highly diversified, and financial liabilities only account for 31%, of which bank development loans account for 14%, domestic and foreign bonds account for 9%, and non-standard financing accounts for 8%; The rest are mainly 30% of the upstream and downstream enterprises, 32% of the individual house payment in advance, and 7% of the taxes and fees delayed. " Zou Lan said at the press conference.

　　Real estate has a systematic impact on economic development and risk prevention and control. The Central Economic Work Conference made it clear that to effectively prevent and resolve major economic and financial risks, it is necessary to ensure the stable development of the real estate market, do a solid job in ensuring the delivery of buildings, people’s livelihood and stability, meet the reasonable financing needs of the industry, effectively prevent and resolve the risks of high-quality head housing enterprises, and improve the balance sheet.

　　Since 2022, in response to some adjustments in the real estate market, financial management departments have made efforts from both supply and demand to promote the smooth operation of the real estate market. With the gradual emergence of relevant policies, the financing environment of the real estate industry, especially high-quality housing enterprises, has improved significantly.

　　Zou Lan introduced that from September to November 2022, real estate development loans increased by more than 170 billion yuan, an increase of more than 200 billion yuan year-on-year. In the fourth quarter of 2022, domestic real estate corporate bonds issued more than 120 billion yuan, a year-on-year increase of 22%.

　　"Recently, many banks have signed a huge amount of strategic credit cooperation with real estate enterprises, but they are all thunder and rain." A person from the investment banking department of a brokerage firm who has been tracking the real estate sector for a long time said that banks may delay the landing on the grounds that the concentration of real estate loans has been relatively high. If the action plan is followed up, it may clear the way for financial institutions such as banks to provide support to the real estate industry.

　　Yuan Hao, an analyst in the real estate industry of Shenwan Hongyuan, believes that improving the "three lines and four files" rules for 30 pilot housing enterprises indicates that the scope of the "guarantee subject" will be further expanded, and the debt growth ceiling of the "four files" housing enterprises will be optimized, especially the green file housing enterprises may have more room for expansion at the debt end, and the subsequent green file housing enterprises will be more active in land acquisition and help the sales increase steadily.

　　Lian Ping, chief economist and dean of the research institute of Zhixin Investment, believes that in 2023, driven by stronger policies, the real estate market is expected to gradually step out of the "trough" in the second half of the second quarter, and key cities will take the lead in stabilizing and rebounding. The growth rate of real estate sales, land acquisition and investment throughout the year is marginally improved compared with that in 2022. At the same time, a series of factors such as improved demand, improved employment environment, accelerated repair of service consumption, increased support for boosting policies and low base will promote a significant rebound in social consumption.

Xinhua News Agency chart, Beijing, November 3, 2021

Comics: traditional culture

Tie-dyeing, movable type printing, shadow play, paper-cutting, traditional Chinese medicine … these intangible items, which contain the traditional culture of China, have now become club activities in many schools in Changsha. Through the wisdom inheritance and improvement of modern teachers and students, non-legacy projects "take root" in the campus and glow with vitality.

Xinhua News Agency issued Cao Yizuo