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..

0three

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

[Exclusive Interpretation] Table Tennis Mixed Team World Cup Battle Report & standings, the live broadcast of the focus schedule on December 5, said the competition system.

Hello, dear readers! I am your self-media writer. Today, I want to bring you the latest battle report and standings of the table tennis mixed team World Cup, as well as the live broadcast of the focus schedule on December 5. In this world-famous competition, the wonderful performances of players from all over the world are dizzying, and the competition system behind it also has its unique charm. Next, let’s walk into this table tennis world full of passion and wisdom!

First, let’s take a look at the latest battle report and standings. After rounds of fierce competition, the strength of each team has gradually emerged, and the rankings in the standings are constantly changing. In this process, we have seen many wonderful competitions, as well as the hard work and perseverance of many players. They proved their value with their strength, and also brought us endless surprises and touches.

Here, I want to tell you a short story. This is a story about table tennis, and it is also a story about persistence and perseverance. The protagonist of the story is a table tennis player named Li Ming. He used to be an unknown teenager, but he has a dream, that is, to get good results in the table tennis mixed team World Cup. In order to realize this dream, he sweated on the training ground every day, and he never stopped, no matter whether it was windy or rainy, no matter whether it was cold or hot. His efforts paid off. He broke through himself again and again in the competition and finally led the team to achieve excellent results. His story tells us that as long as we have dreams and persistence, we will be able to achieve our goals.

Next, let’s take a look at the focus schedule on December 5. This day’s game will be very exciting, because it is a crucial day to decide the ownership of the champion. All teams will go all out to fight for their honor. And we will also bring you the most real-time and exciting game reports through live broadcast. Whether you are an avid table tennis fan or a novice interested in table tennis, don’t miss this day’s game!

Finally, I want to talk to you about the competition system of this event. The competition system of the table tennis mixed team World Cup is very unique, which not only tests the individual strength of the players, but also tests the overall cooperation of the team. In this competition system, each team needs to send one male and one female player to compete, which requires players not only to have excellent personal skills, but also to have good teamwork. This competition system makes the competition more intense and tense, and also enables the audience to see more wonderful moments.

Generally speaking, the table tennis mixed team World Cup is a game full of passion and wisdom, which shows the strength and grace of the players, as well as the charm and spirit of table tennis. I hope that through my introduction, more people can understand and like this sport. If you are interested in my article, please pay attention to my self-media account, and I will bring you more exciting content.

Here, I would like to thank all the friends who supported me, paid attention to me and liked my article. Your support is my motivation and the source of my writing. I will continue to work hard to bring you more exciting content. Let’s look forward to the focus schedule on December 5 and cheer for our players!

Every legend will fade over time

Some people say that beauty is an art, not just wearing it. They are daring to act as the first person for their fashion forefronts.

Just as the "non -mainstream" and "killing Matt" pursued by the post -90s, the "Curry", "JK uniform", "Hanfu culture" pursued after 00s and so on.

From the perspective of the 90s today, the original avant -garde thought was just a legend, which had faded, and only had some naive and ridiculous memories. Those who were once considered to be mature are just alternatives in the eyes of adults. One day, maybe these post -00 children should also think the same as us.

Some people say that today’s beauty has been subtly involved, the avant -garde thought, and the "deformity" born in the times, they gradually changed the definition of beauty, no longer the innocence and natural beauty of the 70.80s, but the individuality and thoughts pursued by young people’s pursuit Open, they put the definition of "beauty" on exposed wearing, personalities, charming perfumes and luxurious decorations.

In the past, "beauty" was wore for yourself, and the current "deformity beauty" was appreciated by others. Although there were different praises, they didn’t care about this, just as the words on the Internet: "Take your own way, let others let others have others, let others make others others, let others make others others Isn’t it true of us in the past? We ca n’t appreciate others at all, and only we will appreciate it ourselves.

Women of the subway station are cool, and the "pattern" on the back becomes the focus

Some netizens published a scene located in the Shanghai Metro Station. A young and fashionable woman walked in the subway station in a cool and fashionable woman, which attracted the attention of many passers -by.

She wore a short vest on her body, and the whole back was basically in the air. It seemed that this was her real "clothes" with the entire pattern. I can’t help but want to ask if people who have tattoos like to wear clothes like this, whether men and women.

This pattern is not expected to be the focus of everyone’s appreciation. The pattern is covered with the entire back. Only a small part is blocked by the clothes behind. It is obvious that the pattern of a woman dancing at the face is obviously seen.

Her lower body is a black shorts, with two short clothes on the calf part, which should be connected with pants, but she unlocked the connected buttons to form such a shape. Essence

Her arms are two sleeves, like pants, and cut off, but this is not connected to the vest of the top.

If it is hot, wearing cool feelings, but she wears shoes, short clothes and sleeves of the arms, which really makes people really understand whether she is afraid of heat or cold.

Perhaps in her opinion, she just dedicated her to the art of behavior, not to wear warmth or cool clothes. She didn’t care about the gaze of others, and she was more self -confidence.

Indeed, she successfully attracted the attention of passers -by, and many people obviously had passed, and she couldn’t help but look back.

It may be that everyone’s circle is different, different thoughts, and behavior is different. Some women have a soft spot for their own feelings. They think this is an art, fashionable art.

Anyway, the times are developing rapidly today, and thoughts will change with this. Blind traditional thoughts are not a good thing. In this era, some avant -garde people need to open the way for us. Appreciation, this is not a unique beauty.