C16 listed, zero run reinvestment "cost-effective"

Text |connected mobility Xiong Chaoge

Editing | Pony

Walking on the road of cost performance, the zero-run car is "full of determination".

On June 28th, Zero Run C16 was officially launched. This model is positioned as a medium and large SUV within 200,000 yuan, and is equipped with many configurations that are not lost to high-end models, which has triggered heated discussions in the industry.

After tasting the sales sweetness brought by the 2023 C11, Zero Run no longer adheres to the slogan of "exceeding Tesla", but positions itself as the "Uniqlo" of the automotive industry.

On the other hand, the gross profit margin of Zero Run in 2023 has just turned positive, and it has fallen back to negative figures in the fierce price war competition in the first quarter. NIO MONA, Xiaopeng Ledao and other sub-brands have joined the battlefield, and BYD in the mid- and low-end market is still pushing the price to roll in, and the pressure of Zero Run is not small.

Recently, it has been reported that Zhang Weili, senior vice president and chief marketing officer of Zero Run Auto, will leave. In the past six months, Zeng Lintang, Wu Baojun and other senior executives of Zero Run Auto have left. With the reform of Zero Run’s marketing system, Zero Run adjusts its combat effectiveness in the midst of market changes.

At present, Zero Run is focusing on "large rolls and special rolls" at the price of 150,000 yuan, and has released 4 series models and product layout plans for the next 3 years in one breath.

What will this help Zero Run achieve in 2024?

1. With more than 100,000 cars, the investment in zero running is very large?

Looking back at the Zero Run C16 that has not been listed for a long time. This smart 6-seat medium and large SUV includes two power modes of pure electricity and range extension, three versions of smart enjoyment, exclusive enjoyment and smart driving, a total of 6 models, and the listing guide price is 15.68~ 185,800 yuan, that is, the top match does not exceed 200,000.

Zero Run C16 price chart, picture source Zero Run Car official website

Combined with the price range, Zero Run’s investment in this model is considerable.

In terms of spatial layout, the C16’s body size is 4915 * 1905 * 1770mm, which is up to the standard line of medium and large SUVs. In the 2 + 2 + 2 seat layout, it is equipped with a 14.6-inch central control screen, a 15.6-inch rear entertainment screen, a 21-speaker stereo, and a three-temperature zone independent air conditioner.

On the smart cockpit, the C16 uses a smart cockpit based on the Qualcomm Snapdragon SA8295P chip, with AI computing power reaching 30 TOPS.

On the power battery, the C16 pure electric version uses a global 800V silicon carbide high-voltage platform, with 800V fast charging from 30% to 80% for the fastest 15 minutes. It also provides a 215kW drive motor, equipped with a 67.7kWh battery, and the CLTC pure electric battery life reaches 520km. The C16 extended range version uses a new generation of range extender, equipped with a 28.4kWh battery. The CLTC pure electric battery life is 200km, and the CLTC comprehensive operating conditions range reaches 1095km.

Intelligent driving configuration, C16 is equipped with NVIDIA Orin-X chip, Hesai laser radar, and 8 million pixel camera and other 30 sensing hardware, the vehicle computing power reaches 2048TOPS, to achieve urban NAC navigation auxiliary cruise, high-speed, urban expressway intelligent pilot NAP;

In addition, in the car purchase rights and interests, zero run also gives the vehicle lifetime quality assurance, three electricity lifetime quality assurance, 5,000 yuan optional package voucher, 5,000 yuan subsidy, 5,000 yuan discount, 3680 yuan worth of charging pile installation and other discounts.

Zero Run C16 car purchase rights and interests, picture source Zero Run Auto official website

In other words, the price of 161,800 C16 Smart Enjoy pure electric version, for the pre-order activities of 1,000 yuan to 5,000 yuan before the listing, and the zero-run owners who have replacement needs, only 157,800 yuan can complete the selection and landing.

From the price to the configuration, to the promotion activities, the Zero Run C16 feels like a "price butcher". From the market feedback, this model does show the same signs of explosion as the Zero Run C11. Within 48 hours of listing, the Zero Run C16 has been ordered to be 5,208 units. Previously, Zero Run officials had expected that the C16 will be delivered in July about 2,000 units, and in August more than 5,000 units will be delivered in batches.

With so much investment in a 100,000-plus model, what is Zero Running up to?

"C16 selects top BBA suppliers, which not only sets the price down, but also provides better materials and experience." Zhu Jiangming, founder, chairperson and CEO of Zero Run, said at the C16 launch that Zero Run’s goal is to become the "Uniqlo" of the automotive industry and adhere to the route of low price and high matching.

In 2021, when Zero Run opened the "2.0 era", Zhu Jiangming had set ambitious goals such as "surpassing Tesla in three years" and "the top three in new power car manufacturing", but in recent years it has become more and more realistic – starting from the best-selling of the C series models in 2023, low-cost and high-end models have become the main label of Zero Run.

In 2023, the previous sales force of the Zero Run T03 gradually declined in the fierce competition of the minicar, while the sales share of the Zero Run C series jumped from 44.3% in 2022 to over 73%.

Compared with tens of thousands of yuan of T03, C11, which opens the 15 yuan market, will send Zero Run to a stage with more room to play, and Zero Run has the opportunity to implement more high-end technologies in the product, thus completing the Uniqlo-style "flat replacement".

In March this year, Zero Run released the "2024 New Product Family Bucket", launching the first C10 and 2024 versions of T03, C11, and C01.

Zero Run "2024 New Product Family Bucket" tweet, picture source Zero Run Car official WeChat official account

Taking the main sales model C11 as an example, the 2024 new C11 is equipped with leaf 3.0 vehicle architecture, Qualcomm Snapdragon SA8295P cockpit, FSD variable damping shock absorber, NVIDIA Orin-X chip and many other upgrades, which are placed on the new C11 model with the whole series instead of the top, and the starting price is only 148,800 yuan. Compared with the new C16, it is not difficult to see that the zero-run is a strategy to achieve low-cost and high-end, and basically takes out "all the belongings".

However, in the red sea of price wars, the road to low prices and high matching requires great determination and investment.

2. To break through the encirclement, it still depends on "cost performance"

On the road to "cost performance" of Zero Run, Zero Run C11 is an indispensable product.

At the market end, the main sales model of Zero Run completed the "succession" from T03 to C11, and with the help of this model, the delivery volume of Zero Run in 2023 reached a record high of 144,155 vehicles, ranking among the top three sales of new forces, and achieving a positive gross profit margin of 1.2% in the third quarter of 2023, and then a positive gross profit margin of 0.5% for the whole year.

Zero Run 2024 T11, picture source Zero Run Car official website

The Zero Run C11 once sold more than 10,000 yuan, becoming the sales champion of medium-sized new energy SUVs in the range of 15-200,000 yuan in 2023, accounting for 56% of Zero Run’s sales that year. In the annual report, Zhu Jiangming concluded: "We redefine the selection criteria for new energy vehicles in the RMB 150,000-200,000 yuan level."

Previously, Zhu Jiangming said that in the future, Zero Run will deeply cultivate models of more than 150,000 yuan, and strive to sell 30,000 vehicles per month. In 2025, the first product of the A series with a price of 100,000 yuan will be listed, and 3 B series models in the range of 100,000 yuan to 150,000 yuan will be listed. In 2026, Zero Run will launch 3 models of the D series 200,000 yuan.

From the product layout, the 150,000 yuan is the "anchor point" of the zero-run car in the low-end market. The first stop is the current C series focusing on the price segment of 150,000 yuan to 200,000 yuan, while the A, B, and D series models are respectively arranged at both ends of the price segment.

At present, from the layout of the model, with the C11 as the stepping stone, the main strategy of Zero Run has been fully transferred to "cost performance", challenging the product positioning of high-end models.

In addition to the intelligent pure electric minicar T03 and the intelligent sedan C01, Zero Run’s main sales products are concentrated in the SUV, a new energy must-compete model, including two medium-sized SUV products C10 and C11, and a medium-sized and large SUV product C16, which are mostly similar to the ideal L6, L7, L8, and Qjie M7 and M9.

In the face of netizens’ ridicule of C16 "ideal flat replacement" and "half-price ideal L8", Zhu Jiangming responded to the media that Zero Run did not mind this statement. "Users who are used to buying Chanel occasionally buy Uniqlo and buy products like C16. After using it, they find that it is the same, and they may become loyal fans of Zero Run."

In the first quarter of this year, Zero Run Auto recorded revenue of 3.486 billion yuan, an increase of 141.7% year-on-year, and net loss narrowed to 1.013 billion yuan, a decrease of 10.59% year-on-year. In addition, as of the end of the first quarter, Zero Run cash and cash equivalents, restricted cash, financial assets at fair value into profit and loss and bank time deposits totaled 17.584 billion yuan.

But in the fierce price war of the industry, Zero Run launched many promotional activities, and the gross profit margin fell back to negative -1.4% again. This means that Zero Run, which has accumulated sales of 33,400 vehicles in the first three months, lost an average of 1,460 yuan for each one sold, and accidentally slipped off the "wire" and returned to the situation of "selling more and losing more".

But for the price war, Zero Run is already mentally prepared. Zhu Jiangming said that "the market is mature, and it is unrealistic for everyone not to fight a price war." He believes that the price war will continue for three years, the competition will remain fierce, and the process of new energy vehicles will be completed in three years. At that time, pure fuel vehicles will account for less than 10%. During this period, new energy vehicle companies will fully compete and seize positions.

In the red ocean of price involution, cost performance is the main focus, which means that how to balance costs will be a long-term proposition for zero runs.

3. Cost control will be a long-term problem for zero running

After 2023, when the strategy is gradually clear, Zero Run gradually focuses on "cost control".

In 2024, Zero Run officially proposed a sales target of 250,000 to 300,000, and it is expected to achieve profitability by the end of 2025 and early 2026. Before that, around the cost, Zero Run cars need to continue to withstand two tests.

First, increase sales. In 2023, Zero Run failed to meet 200,000 sales target. In the first half of 2024, Zero Run accumulated sales of 66,500 vehicles in the first five months, and in June it ushered in the outbreak, delivering 20116 vehicles, breaking through 20,000 sales for the first time, but overall, Zero Run sold 86,696 units in the first half of the year, only completing the annual sales target of about 35%. Zero Run’s sales volume is not low among its peers, but the strategy of focusing on small profits but quick turnover makes it particularly need sales scale.

Second, to further reduce costs. To achieve the route of low price and high matching, Zero Run must allow its own products to have cost advantages while benchmarking with competitors in exchange for price and configuration. At present, Zero Run relies on global self-research, making the product self-made rate exceed 70%, of which more than 60% of the core parts of the vehicle cost are self-developed. Zhu Jiangming previously said that the three rounds of technical cost reduction that Zero Run has completed will reach 40% in 2023, and it is entering the fourth round of cost reduction cycle.

In fact, the increase in the scale of sales, zero running can get more in the production and manufacturing has the voice over, and reducing costs means directly improving the competitiveness of products.

Zhu Jiangming, founder, chairperson and CEO of Zero Run Auto, pictured on the official website of Zero Run Auto

In an interview with Late Auto, Zhu Jiangming said of sales and costs, "At this stage, the annual sales 500,000 can survive, 1 million have stronger vitality, and the best way to live is more than 3 million". When the scale is large enough, the advantages of refined management will appear. He said that Zero Run paid attention to the cost issue when it launched the C11, and used cost optimization to set more convincing prices for all models in March last year, which promoted sales to rise all the way.

Zero Run Auto’s financial summary in the past five years, picture source Zero Run Auto’s 2023 financial report

In the past five years, Zero Run has lost more than 14 billion yuan. Under the background that the stock price of Hong Kong stocks has been declining and has not yet risen back to the issue price, Zero Run Auto must face the next challenges cautiously. Now, in addition to products, Zero Run is also constantly seeking reforms and opportunities.

On the one hand, Zero Run is reforming its marketing system and further deploying the lower-tier market. In May, Zero Run merged its three original sales departments into a "sales department", and plans to increase the number of lower-tier market outlets from more than 500 to 800. It will open a 4S store in the Motor City, using the "1 + N" model of many display stores in the surrounding area of the 4S store to cover cities without outlets.

On the other hand, Zero Run’s overseas cooperation with Stellantis is progressing steadily. In May this year, Zero Run and Stellantis joint venture Zero Run International were officially established. It plans to land in 9 European countries in September. It will enter India and Asia Pacific (excluding Greater China), the Middle East and Africa, and South America from the Q4 quarter. It will cover major markets outside North America within a year. In the asset-light model that is not responsible for marketing and production, Zero Run is expected to obtain a healthy cash flow.

On the one hand, it covers the product layout planning for the next three years, and on the other hand, it strives to reduce costs and seek to go overseas. The ambition of Zero Run is fully demonstrated. Low price and high matching is a sharp blade with pressure. How effective it can be depends on the specific operation of Zero Run this year.

Zhao Liying posted the official announcement of the marriage certificate! Feng Shaofeng: Happy Birthday Wife



1905 movie network news At 10:07 on October 16, Zhao Liying announced her marriage to Feng Shaofeng at the same time on her 31st birthday, and pinched Feng Shaofeng’s birthday "10:07" to post the marriage certificate, with the caption "official announcement" officially announcing the good news.



Feng Shaofeng then commented on Zhao Liying’s Weibo, with a high-profile recognition: "Wife, happy birthday".



Recently, it was reported that Zhao Liying and Feng Shaofeng had married a child, and as early as September 1, the two received a marriage license at the Shanghai Civil Affairs Bureau. The next day, they flew to Hong Kong for their honeymoon and bought baby products. Zhao Liying and Feng Shaofeng did appear in Hong Kong for shopping on September 3. Some netizens posted two marriage licenses and publicly @the two.


On the 9th, Zhao Liying announced through Weibo that he had ended a two-year cooperative relationship with the current agent Huang Bin. In response to Zhao Liying, Huang Bin said: "I wish Yingbao to enter a new stage of life", which has aroused speculation and heated discussions among netizens. It is believed that Huang Bin’s blessing with "connotation" deliberately refers to Zhao Liying and Feng Shaofeng’s good deeds.


Since the 2016 film "Journey to the West Daughter Country" between Zhao Liying and Feng Shaofeng, there has been news of love between the two. Since then, the two have been photographed many times in couples’ clothes,Hand in hand shopping, dinner with friendsReturn to the hotel together, etc.


After Zhao Liying announced the "suspension of work" this year, there were even rumors that Zhao Liying was pregnant. Now that they have directly announced their marriage, many netizens said that "although they are surprised, they are also expected". This time the husband and wife star"Do you know if you should be green, fat, red and thin" is even more highly anticipated!


Shanghai Jiaotong University bans takeaway riders from entering the school? School-run enterprises pay to undertake transfers?

  The entry "Shanghai Jiaotong University prohibits takeout into the school" was listed on Weibo’s trending topic list on August 14.

  On the same day, the surging news reporter learned from the students of Shanghai Jiaotong University that around August 13, a notice written to each takeaway platform and delivery staff, stamped with the official seal of the security department of Shanghai Jiao Tong University, was circulated within the school.

On August 13, the "Notice" sparked heated discussions among teachers and students of Shanghai Jiaotong University. Picture source: Interviewee

  According to the notice, in order to further standardize the order of campus takeaway delivery and reduce the safety hazards caused by takeaway riders’ on-campus delivery, Shanghai Jiao Tong University Zhenxing Education Service Industry Co., Ltd. has established a campus takeaway delivery team to transfer all takeaway orders from teachers and students at off-campus takeaway transfer stations. At present, the campus takeaway delivery team has been completed, and three takeaway transfer stations have been set up around the Minhang campus. The notice is signed on August 3, and the signatory is Shanghai Jiaotong University Zhenxing Education Service Industry Co., Ltd.

  The notice shows that from now on (August 3), the takeaway delivery staff who have registered with the Security Department of the original takeaway platform can enter the school from No. 600 Dongchuan Road ("Arc de Triomphe") to complete the delivery. The takeaway delivery staff who have not been reported by the platform are prohibited from entering the school for delivery. Just send the takeaway order of Jiaotong University to the nearest transfer station.From September 1st, all delivery staff will be prohibited from entering the school, and the campus delivery team will undertake all campus delivery orders

  In addition to the announcement, some students said that they had heard from the communication with the delivery rider that the rider would need to deliver the delivery to the transit point, pay about 2.5 yuan, and then be transferred by the on-campus team.

  "We are worried that the riders will not be willing to send the food to the college students because they earn less. We are also worried that if there is a problem with the food, the riders from both sides will pass the buck to each other. We don’t know who to complain to," one student told reporters.

  At 6 p.m. on August 14, a student from Shanghai Jiaotong University reported to reporters that the school had updated the relevant arrangements for takeaway management at the Minhang campus. The arrangement shows that,Maintain the original model, and each takeaway platform will arrange the delivery route by itself according to the order.After the delivery personnel recognized by each platform have registered their identities at the security office, they can enter and exit through the four school gates of the school during the opening hours of the school gate; the school will further strengthen the management of takeaway vehicles by increasing in-school patrols and prompts, and cooperating with the takeaway platform. Strictly punish unsafe behaviors such as speeding and retrograde to ensure the safety of teachers and students and the safety of the campus. That night,The PaperThe reporter learned that security personnel at the Minhang campus have been notified by their superiors to maintain the original mode, and many takeaway riders have also been informed by school security personnel that they can enter and exit the campus normally.

At around 6 pm on August 14, the Security Office of Shanghai Jiaotong University updated the management arrangements for takeout into the school. Picture source: Respondents

  Security Office: There are problems such as uneven personnel quality and difficult supervision in takeaway delivery, and we want to manage it uniformly.

  The notice banning takeout delivery staff from entering the school caused a small-scale discussion within Shanghai Jiaotong University on August 13. On August 14, someone posted two responses from the school’s security department on the Zhihu platform. Some students at Shanghai Jiaotong University told reporters that the response could be checked on the official forum of the school, and the source was "Security Department".

  The school security office said that after seeing the questions raised by everyone, it immediately contacted the school teaching service group (Shanghai Jiaotong University Education Service Industry Investment Management (Group) Co., Ltd., which belongs to Zhenxing Education Service Industry Co., Ltd.) to feedback the students’ opinions and communicate to confirm relevant matters.

  Its response said that the purpose of implementing the campus delivery team is to reduce the traffic accidents caused by the campus delivery electric vehicles under the premise of ensuring that the delivery quality assurance of teachers and students on campus is delivered to the buildings and teachers and students on campus, and to file and review the identity of riders entering the school in advance to ensure campus safety to a greater extent. "Before the delivery, there have always been problems such as uneven personnel quality, high mobility, mostly self-employed, and difficult supervision. If the delivery staff is self-employed, it is difficult to safeguard the rights and interests of teachers and students after a traffic accident. Therefore, the Security Department wants to urge the delivery platform to establish a campus delivery team, and the campus delivery team is uniformly managed by the delivery company."

  Regarding the questioning of the compliance of Shanghai Jiaotong University Zhenxing Education Service Industry Co., Ltd. in charge of campus takeaway delivery services, it responded that in the early stage, the takeaway platform service providers were openly selected, and the campus delivery team was established according to the requirements through the selected platform. The takeaway platforms that participated in the selection and passed the selection were Ele.me, Meituan, Domino’s, and Jingle Zhiyao. In the later stage of the campus delivery team construction, the Ele.me and Meituan delivery platforms chose to connect with the school teaching service group and reach a cooperation agreement according to the actual operation situation. Shanghai Jiaotong University Zhenxing Education Service Industry Co., Ltd. affiliated to the teaching service group was responsible for the campus takeaway delivery service and established a campus takeaway delivery team.

  Tianyancha shows that Shanghai Jiaotong University Zhenxing Education Service Industry Co., Ltd. was established in February 1993. The registered place is located in Xuhui District, Shanghai. The legal representative is Guo Xiaoqing. The registered capital and paid-in capital are 1 million RMB. On May 7, 2020, the company added express services to its business scope. The company is 100% controlled by Shanghai Jiaotong University Education Service Industry Investment Management (Group) Co., Ltd., and the actual controller is Shanghai Jiao Tong University.

  "This is a cooperation agreement between the takeaway delivery platform and the relevant companies according to their own considerations and choices. There is no process that requires on-campus invite tenders. And Shanghai Jiaotong University Zhenxing Education Service Industry Co., Ltd. is also responsible for the on-campus express delivery business. They have both on-campus takeaway delivery teams and on-campus express delivery teams. These two teams can complement each other to ensure takeaway delivery during peak periods in the school." The Security Office replied.

  Rider: If you pay the fee to the Jiaotong University transfer station again, or consider "transfer order"

  The school security office also replied to the question of whether and why the 2.5 yuan that students are concerned about should be charged to the takeaway staff. It learned from Shanghai Jiaotong University Zhenxing Education Service Industry Co., Ltd. and the third-party distribution platform that the total delivery fee from merchants to dormitories in the Minhang campus of Jiaotong University is currently 4 to 5 yuan. The delivery platform promises not to increase the cost of teachers and students ordering takeout due to the adjustment of the delivery mechanism. During the practice run, the delivery platform extracts 2 yuan to 2.5 yuan per order for takeout delivery on campus according to factors such as distance, of which the delivery platform reserves about 1 yuan per order. According to the cooperation agreement reached between the delivery platform and Zhenxing Company, the remaining 1 yuan per order is the cost of Zhenxing Company responsible for on-campus takeout delivery. At present, in order to provide good service to the students, Zhenxing Company has almost given this part of the fee to the riders who are specifically distributed on campus.

  What do riders and merchants think about this?

  At noon on August 14, the surging news reporter saw at the Arc de Triomphe of Shanghai Jiaotong University that although it was summer vacation, there were still a lot of takeaways. Around 12:30 noon, there were seven or eight takeaway riders in ten minutes, most of whom were Ele.me.

  On the same day, the reporter stopped the riders at the entrance of the Arc de Triomphe of Shanghai Jiaotong University and near the Longhu Tianjie shopping mall near the school, and learned that most of them had heard about the new measures for takeaway admission to the school from September 1. According to multiple riders, they received the news that each Ele.me rider needs to pay 2.5 yuan/order at the transfer station, and Meituan riders pay 3 yuan/order.

  Xiao Deng, an Ele.me rider, told reporters that he heard the news as early as about half a month ago, "when he saw the relevant notice outside the North Gate of the school." Xiao Deng said that he has delivered takeout to Shanghai Jiaotong University for about two years. Usually, the main order comes from this university. After the start of school, an average of 20 to 30 takeout orders can be delivered a day. Xiao Deng said that he now earns about 4 to 5 yuan for each takeout order, and suddenly pays half of the fee, which is very reluctant.

  When asked by reporters whether the implementation of the riders’ new measures would affect their willingness to take orders, many riders said that it would indeed have an impact. "If you encounter a list of students from Shanghai Jiaotong University, you will consider transferring it to others, but there is also a limit to the number of times we can transfer it in a day. After all, if the money is less, who will do it?" Two other riders told reporters that in the future, orders on the campus of Shanghai Jiaotong University may be considered more for crowdsourced riders.

  The reporter then went to the merchants at the school gate as a student to understand the situation. Some business owners said "I don’t know, I don’t really believe this will happen", and some merchants said they had been notified, and their future expenses did not increase.

  On the afternoon of the same day, the reporter saw at the east gate of Shanghai Jiaotong University Minhang Campus that the transfer station had been set up, and the QR code for the communication group chat during the transition period was hung outside the door.

  The battle for takeout into the school: Some students have complained about safety hazards, and the measures have been adjusted several times

  A rider told reporters that just across the street from the Minhang campus of Shanghai Jiaotong University, East China Normal University has been placing takeaway food at the school gate for many years, "but their school gate is relatively close to the accommodation area, Jiaotong University is indeed too big, and it is too far from the school gate to the dormitory." The reporter’s inquiry found that the issue of takeaway food entering the school has indeed caused controversy at Shanghai Jiaotong University. In May 2023, a student posted on the school’s internal forum that "the takeaway rider in the school almost killed me".

  Over the years, the measures taken by the Security Department to bring food into Shanghai Jiaotong University have also undergone several adjustments.

"Ping An Jiaotong University" tweet on November 2, 2017 Source: Ping An Jiaotong University WeChat official account

  The reporter inquired about the WeChat official account of the Shanghai Jiao Tong University Security Department "Ping An Jiaotong University" and found that on November 1, 2017, at the special meeting on takeaway distribution management jointly held by the Jiaotong University Security Department and the East China Division Security Department, Yang Lizhi, the captain of the campus guard of the Shanghai Jiaotong University Security Department, pointed out that the management of campus takeaway delivery speeding, illegal riding, and uncivilized driving will be more standardized and effective. The meeting invited the heads of the surrounding takeaway stores to participate, and reached an agreement with the merchants. The two sides will use the Mi U App software to sell cars externally for real-time management.

  The meeting clarified that the secret service and security teams implement identity authentication management measures for food delivery personnel, and they can only enter the school if they meet the qualifications. The staff of the Security Department and the person in charge of the store can open the location of the food delivery personnel through the Mi U App software to keep abreast of the speed of cars sold inside and outside the school, including normal driving, faster driving, and speeding vehicles. The speed limit on campus is 20km/h. Combined with real-time monitoring data, measures such as warnings and deductions are taken for speeding vehicles, and the food delivery qualification will be cancelled after deducting 10 points.

  During the epidemic, the admission regulations of Shanghai Jiaotong University have changed according to the epidemic situation. On February 10, 2023, the WeChat official account of "Ping An Jiaotong University" issued an article saying that students’ relatives and friends can enter the school, but takeout will not be allowed to enter the school for the time being; on March 3 of the same year, the above official account issued an article saying that from now on, regular takeout staff can enter the Minhang campus for food delivery, and all takeout staff entering the school must dress properly and drive at a limited speed. Unlicensed takeout staff are strictly prohibited from entering the school. "For reasons of safety and unified management, only professional campus delivery team takeout staff designated by Meituan and Ele.me are allowed to enter the school to deliver takeout. For other takeout staff, it is not open yet. This campus takeout access has not charged any deposit or other fees to any takeout staff or delivery team."

"People’s democracy in the whole process" and "dynamic clearing" … The first press conference of the National People’s Congress of the two sessions responded to these hot questions

At 12 o’clock today (March 4), the Fifth Session of the 13th National People’s Congress held a press conference in the Press Room of the Great Hall of the People. Zhang Yesui, a spokesman for the conference, introduced the agenda of the conference and answered questions from Chinese and foreign journalists on issues related to the work of the NPC.

Zhang Yesui responded to hot issues such as "dynamic clearing", "people’s democracy in the whole process" and "Sino-US relations".

Announce the agenda of the Fifth Session of the 13th National People’s Congress.

Zhang Yesui introduced that there were 2,951 deputies to the 13th National People’s Congress. At present, 2,801 people have reported to the Congress, and all preparations for the Congress have been made. The six-and-a-half-day conference opened on the morning of March 5th and closed on the morning of 11th, with 10 items on the agenda.

Talking about legislative work: paying more attention to improving quality and social effect

Zhang Yesui introduced that in the past year, the NPC and its Standing Committee strengthened legislation in key areas, emerging areas and foreign-related areas, and paid more attention to improving the quality and social effects of legislation while speeding up legislation.

On epidemic prevention and control: "dynamic zero clearing" is not the pursuit of "zero infection"

Zhang Yesui introduced that "dynamic zero clearing" is a prevention and control policy put forward on the basis of adhering to the general strategy of "external defense input and internal defense rebound" and earnestly summing up the experiences and lessons of various places. It mainly includes three aspects:

1. Take the initiative to find the source of infection in time.

2、Take public health or social intervention measures quickly, track and manage secret contact personnel, and cut off the transmission route.

3. Effectively treat patients.

Zhang Yesui also said that "dynamic zero clearing" is not to pursue zero infection, but to control the epidemic as soon as possible. Facts have proved that this practice is in line with the actual situation in China, and the approach is correct and the effect is good. No matter from the figures of diagnosis and death, or from the data of economic development, China is one of the most successful countries in epidemic prevention work in the world.

Talking about democracy: democratic and undemocratic practice is the most convincing, and the people have the most say.

Zhang Yesui introduced that there are two key words in the whole process of people’s democracy, one is people’s democracy and the other is the whole process. In the whole process of developing people’s democracy in China, there are not only complete institutional procedures, but also complete participation in practice.

In addition, Zhang Yesui also said that democracy is not an ornament, not for decoration, but for solving problems that people need to solve. A country is democratic and undemocratic, practice is the most convincing, and the people of this country have the most say. Democracy is not the best, only better. China is willing to exchange and learn from other countries on the basis of mutual respect, and constantly enrich and improve the achievements of human political civilization.

On the election of deputies to the National People’s Congress: fully embodying the wishes of the overwhelming majority of the people

Zhang Yesui introduced that the people’s congress system is the fundamental political system of China. The principle of combining direct elections with indirect elections has the widest universality and representativeness, and fully reflects the wishes of the overwhelming majority of the people. There are five deputies to the National People’s Congress in China, all of whom are democratically elected for a term of five years.

Talking about Sino-US relations: Taking China as a strategic competitor will only undermine mutual trust and cooperation between China and the United States.

Zhang Yesui said that mutual respect, peaceful coexistence and win-win cooperation should be the correct way for China and the United States to get along in the new era. The key to peaceful coexistence is mutual respect. Win-win cooperation is in the fundamental interests of the two countries and peoples and is also the expectation of the international community. How the United States can improve its own competitiveness is its own business. Taking China’s development as an excuse and taking China as a strategic competitor will only undermine mutual trust and cooperation between China and the United States, and will certainly harm its own interests. Draw a line with ideology, draw a "small circle" and engage in group confrontation, all of which are contrary to the development trend of the times and simply won’t work.

On neutral relations: there is no so-called economic coercion in China.

Zhang Yesui said that the Lithuanian government has seriously violated the one-China principle and the political commitment made by China when it established diplomatic relations in a neutral way. It is completely justified and inevitable that the China government will respond resolutely to this. At present, the responsibility for the problems in the relations between the two countries lies entirely with the cube. In international trade, China never discriminates against any country or enterprise, and there is no so-called "economic coercion". China hopes that the EU will take an objective and fair stance and will not escalate the issue of neutrality to the level of China-EU relations.

Talking about vaccines: China is the country that provides the most vaccines to foreign countries.

Zhang Yesui said that up to now, China has provided more than 2.1 billion doses of vaccines to more than 120 countries and international organizations, accounting for one-third of the total vaccine use in the world outside China, and it is the country that provides the most vaccines to foreign countries.

China will continue to insist on developing countries as its main partners in vaccine cooperation. Some enterprises in China have cooperated with many developing countries to produce and can vaccines, and signed joint vaccine production agreements with many developing countries, initially forming an annual production capacity of more than 1 billion doses.

On "Foreign Sanctions Law": a defensive measure to deal with containment and suppression.

Zhang Yesui said that China’s Anti-Foreign Sanctions Law is a special law with strong directionality and pertinence, and the word "anti" stands out. China’s anti-foreign sanctions law is a defensive measure to contain and suppress, which is essentially different from the "unilateral sanctions" of some countries.

Producer: Lu Yi

Producer Zhang Yuan

General Desk reporter Wang Nan Fan Jing

Interview with Mary | Don’t let me go on hot search.

It’s a different experience for Mary to play a female star as an actress in the comedy The Killer is Not Too Cold. She likes to be comfortable and eat some pot-stewed barbecue. She thinks Milan in the movie is too particular and tired. Returning to life itself is far more comfortable and comfortable than being exposed to the public eye.

Some netizens teased that Mary was an "iron heroine" and her partner actors were "flowing heroes". This time, Wei Xiang finally became the leading actor, and Mary became the green leaf. Although Mary thought it was "good to be a green leaf these years", four plays, Li Mao Dressing as a Prince, Northeast Tiger, Transcendence and The Killer is Not Too Cold, were released one after another, which was regarded by anyone as an achievement worthy of admiration by actors, and it was hard not to be concerned.

Mary said frankly that he was afraid of the audience’s disgust and dissatisfaction. Different voices will always affect her work. How to balance it? Mary has not found a perfect solution. When she meets a good work and can impress her role, she still wants to shoot. "While I am still young, I can still clap my hands, but I can’t move when I am 70 years old and 80 years old. The audience can’t see it if they want to see it. Let’s bother for a few more years."

Q

A

ICONSPRO: Milan, which you played in "This Killer is Not Too Cold", is a female star. What is the experience of a female star playing a female star? Will there be a sense of "separation" of identity?

Mary:I am going to play a female star as an actress. Life is completely different from Milan. I like to be comfortable, grounded, eat pot-stewed and barbecue in my life. I believe Milan should not be like this. (Xiaobian: Do you think this difference is interesting? ) I think she is too tired to live, and she is very particular about everything. She should be very particular about food, clothing, housing and transportation.

ICONSPRO: Some viewers think that the temperament of This Killer is not too cold and quiet is somewhat different from previous comedies, with some pathos and sublimation at the end. Do you agree?
Mary: Everyone has a different definition. You say it’s not a simple comedy. Maybe many people say that I think it’s just funny, and some people think that Wei Chenggong, the hero, has mapped many situations in his life. This is what happened on the set of an actor. All walks of life will encounter their own difficulties, and people will always encounter setbacks in their lives. Just like that crab, you make unremitting efforts, and you are not afraid of failure, so start over.

ICONSPRO: Did anything particularly touch you after reading this script?

Mary:The script itself didn’t touch me, but these people touched me, Yan Fei, the Great Devil, because (yes) our director of "goodbye mr. loser" was my Bole, an old friend of Brother Xiang for so many years.

ICONSPRO: "This Killer Is Not Too Cold" tells the story of cheating a walk-on. Did you ever get cheated when you first entered the business?

Mary:I’m lucky that I haven’t really played a walk-on like Wei Chenggong, with no words. After graduation, although I didn’t say many lines in drama, I still had roles and lines. But when it comes to being cheated, I have done an interview and said that I was cheated by a black intermediary. In other performances, I think I am very lucky.

ICONSPRO: What do you think people might get from reading this story besides getting happiness?

Mary:There are not many scenes in Milan, and some pre-history and feelings about this character have not been presented. If you want to say what kind of feeling the whole movie wants to convey to everyone, I think it is happiness, and the rest is another story. Pure is happiness.

ICONSPRO: Some viewers feel that Wei Xiang has finally become the leading actor. As an "iron heroine", do you have different feelings about working with these "flowing leading actors" Teng Ge, Allen and Chang Yuan?
Mary:Just like cooking, each of them is a kind of seasoning. They have Chili, aniseed, vinegar, salt and chicken essence, all of which have their own characteristics. Brother Xiang’s enthusiasm and seriousness particularly touched me, and it hasn’t changed for so many years.

ICONSPRO: This is the first time that I have tried a costume drama (Li Mao as a Prince) and a drama with exotic costumes (Killer). What fresh experiences do you think of these two?
Mary:From this sense of time, you have to turn yourself into an ancient costume, but I hope that in addition to this costume being an ancient person, the performance state and stories are close to our modern life, so that everyone can resonate. This is especially true in Milan. In fact, you said that the life of a star is beyond his understanding, and I can’t understand it. We are all colleagues, and we don’t know how a star lives, because every star’s life state is different, which may also be related to personal habits. Therefore, although the two of them say that their ages are different, their identities are different, and their occupations are different, I hope it is true in performance, and every emotion is the same.

ICONSPRO: Recently, there are four plays "Ba Ping", such as Li Mao Dressing as a Prince, Northeast Tiger, Transcendence and The Killer is Not Too Cold. What’s your feeling?

Mary:Afraid, really afraid, especially afraid that the audience will be disgusted, and others are particularly afraid that the audience will be dissatisfied. (Xiaobian: Do you think that I have appeared too much? ) right. I’m a person who doesn’t like to be seen in public, and I especially like to hide and wrap myself up, that is, don’t let me go on a hot search, and don’t let others see what Mary is like. What I want everyone to see is this role and this work. But as for Mary’s private life or personal part, I hope it will always be sealed and private. I think actors should completely separate work from life. When the exposure of your work is too high, there will be some other voices that will affect my work (Xiaobian: What do you mean by affecting work? ) I will be very anxious, and I will feel what I should do. I think I should shoot less. There are two kinds of voices. One is the audience. I especially hope to see the works. I hope you can shoot more. I said I had a second child two days ago, but many fans are still unhappy. Don’t, you should shoot more pictures of your body. This is a wave of voices. There is another sound that you should stop filming. Have you been kidnapped? Take a break. I’m tired of you, and it’s hard for me. If you don’t listen, sometimes you can really see it. If you see you, you really can’t take it to heart. If you don’t get angry, you should let nature take its course. When you meet a good work that can impress me, I still want to shoot it. While I am still young, I can still beat it. You can’t say that you can’t act in your seventies and eighties. There’s nothing you can do. The audience can’t see it if they want to. Give it a few more years.

ICONSPRO: The roles of these four works are quite different. Did you do any special design for a certain role when shooting?

Mary:I don’t like design. Every character I shoot is different. Although it is the shell of Mary and the image of Mary, I really do some preliminary work with great care and delicacy. Like the coach in Transcendence, which is being broadcast now, I like it very much. She broke a routine state. Is the coach’s severity, she has, but more of a feminine aura, gentle and warm, which I think is shining. When I saw this role, I felt it was shining. I want to thank the director for giving this role life and imagination.

ICONSPRO: The roles of Meiling in Northeast Tiger and Wu Qinghong in Beyond have been well received. Many viewers said that Mary used to be such a good actor in drama. Will he try more types in the future?

Mary:I have seen such comments, but I don’t want different voices to affect me. Like before, I have made some serious dramas, and there will be some voices saying that you still want to play comedies. When you made some comedies, he said, Mary, why do you always play comedies? Give me some serious dramas. At that time, if you find yourself really influenced by these voices, you lose yourself and you lose your direction. Although we serve the audience, we still have to rely on our own feelings professionally. A professional actor can’t be picky, but he should let nature take its course and seize the good role.

ICONSPRO: You just said that you can’t be choosy about a word. Are there any constant standards for taking a show now?

Mary:This is a contradiction, this is a two-way street, saying that you can’t be picky and be very elegant at the same time, and there will be many plays for me. This year, we really think these are not bad. I can’t guarantee the other parts. The part of my role is that our team has polished it carefully. Under our ability and authority, we can do our best, because we have no right to change other people’s plays, and I am not that kind of player. When I come, I will change the whole play, mainly me. Of course, the audience wants to see me, I am very grateful, but we also have empathy. I am willing to be a green leaf based on others. I think it is good to be a green leaf these years. (Xiaobian: Will making green leaves make you feel more comfortable? How to say it, it’s natural that you have no selfishness. I didn’t say how he plays more than me. I don’t have this concept. But now the audience will also want to say that Mary, I bought a ticket for you, and your play is so little. Are you lying to me a little? I’m embarrassed again, because the director has a comprehensive consideration in his mind in the early stage. I think you should do your job well, and I don’t like to fight for anything.

ICONSPRO: The Northeast presented by you and the actors in Mahua FunAge is optimistic, loquacious and funny. The Northeast presented in The Northeast Tiger is depressed and broken, and the Northeast presented in Beyond is simple, warm and powerful. As a northeast person, what do you think of the Northeast?

Mary:I am from the northeast, so my home in the northeast, you said, will be the warmest place and the most loving place. On the road, because I am an actor now, many people know me. Even if they don’t know me, it is most sincere to help each other. I think this enthusiasm and sincerity of the Northeast people is very touching and true.

ICONSPRO: What’s the favorite custom in Northeast China?
Mary:The whole family set off firecrackers to eat jiaozi. I think family reunion is what I miss most.

ICONSPRO: Will you invite relatives and friends to watch your own movies?

Mary:I will. After being an actor, it has become a habit now, that is, I still want to invite my relatives and friends to see a good movie.

— THE

How far is the spring of domestic sci-fi movies?

  Changsha Evening News All-Media Reporter Ning Shaou

  Recently, Liu Cixin’s famous sci-fi novel "Three-body" has spread the news that it will be adapted into a TV series and an animation. In the case that the film version is far away and the stage version is mixed, it undoubtedly blows the wind of hope to sci-fi fans. This year, The Wandering Earth opened the "first year of science fiction" in China, and "Three-body" is the "apple of the eye" of domestic science fiction. Whether various versions can successfully create a "three-body universe" directly determines whether the spring of China science fiction movies can come as scheduled.

  So far, it is difficult to get a glimpse of the true face. The movie version of Three-body has a lot of life.

  Li Jinglan, a citizen, is a veteran sci-fi fan. She has been buying China’s sci-fi enlightenment magazine "Sci-fi World" since middle school, and there is still a thick stack at home. The earliest issue can be traced back to the 1990s. "Three-body" was first serialized in "Science Fiction World", and she still treasures the magazine serialized in the first issue.

  "At that time, I was really scared. It turned out that China writers can also write sci-fi novels comparable to world-class standards." Li Jinglan said. In addition to reading domestic science fiction, she has also read the works of many foreign writers such as Asimov and robert heinlein. In her opinion, Three-body is not inferior.

  After reading it, Li Jinglan went crazy about "Amway" and "Three-body" to her friends, but at that time, science fiction was still a "niche hobby" and her friends didn’t buy it.

  After serialization, Three-body won the international recognition of Hugo Award and gradually became familiar to the public. During the Spring Festival this year, another work by the original author Liu Cixin, The Wandering Earth, was put on the big screen, which won a super-high box office of 4.5 billion yuan, becoming the first box office in China’s film history, making science fiction gradually "out of the circle", and friends who were not interested before came to borrow books from her. "I am very happy that my favorite things have finally been accepted by more people because of film and television." Li Jinglan said happily that in this screen-reading era, film adaptation is undoubtedly the most effective channel to expand the influence of the original work.

  Although the sci-fi blockbuster The Wandering Earth is a great success, the most anticipated adaptation of Liu Cixin’s work has always been the pinnacle "Three-body". However, for various reasons, the film and television adaptation of Three-body has not been smooth, which can be called "a long way to go".

  The copyright of "Three-body" was first won by the tourist culture, and the film was adapted around 2017. At that time, the propaganda caliber of the tourists was to spend a lot of money on filming, and invited popular actors such as William Feng and Zhang Jingchu to star. However, it was later reported that the quality of the film was worrying. Although the tourists repeatedly publicized that they would release the film on a certain day of the month, there was no more.

  The film adaptation was put on hold for two years, and sci-fi fans also complained about the company, criticizing them for not "adapting", but making a difference as a middleman, sticking to copyright and waiting for appreciation. Last year, it was reported that Amazon, an American streaming media giant, was negotiating to buy the copyright of Liu Cixin’s "Three-body" and planned to produce a three-season TV series with a total investment of $1 billion. Previously, Amazon won the global copyright of the The Lord of the Rings TV series at a high price of $250 million. According to the ratio of copyright fee to production fee in The Lord of the Rings, the copyright of "Three-body" may be as high as $100 million. Unfortunately, this matter ended in vain.

  Liu Cixin didn’t make a big splash when he sold the copyright to the tourists. Although he kept his mouth shut about the copyright fee, the online rumors sold it for only several hundred thousand yuan at that time. The copyright transfer fee of $100 million may have some moisture, but the industry generally believes that the value of 10 million yuan for "Three-body" should be a normal price. If the rumored figures are true, the tourists have really dug a "gold mine".

  The stage version of the tour, many TV dramas and cartoons are coming?

  As mentioned above, before the copyright is clear, the movie version of "Three-body" is expected to make the audience want to wear it for a while, but other versions of "Three-body" are already eager to try.

  In June 2016, the stage version of Three-body I: The Past of the Earth premiered in Shanghai. According to media reports, the drama was adapted to the first part of the original novel trilogy, The Past of the Earth. As soon as it was released, it triggered a drama-watching craze. The first round of national tour went through many first-and second-tier cities such as Beijing, Guangzhou, Shenzhen, Chengdu and Chongqing, and the attendance rate was over 90%, which was unprecedented. The play has also visited Hunan Grand Theatre before, and it was also full of applause. Mr. Xiao, who watched the play, said: "I haven’t read the original novel, but as an ordinary audience, I think it’s very good. Some high-tech 3D technologies also make the experience of watching the play very novel."

  "The Past of the Earth" is the beginning of the trilogy. As far as the plot is concerned, it is not the strongest, nor is it the best. The first one was so successful, and the production team also set their sights on the second and third parts. Last year, "Three-body II: Dark Forest" was also moved to a small theater, and the tour of the third part should only be a matter of time.

  The tourists have also made new moves recently after falling into the sand in the movies. In June this year, the TV series "Three-body" was put on record by the State Administration of Radio, Film and Television. The record shows that the drama is scheduled to officially start shooting in September, and it is still produced by Shanghai Youzu Culture. It is planned to shoot 24 episodes and the production period is 12 months. However, on the official page of Youzu, the related materials of "Three-body" still follow the previous film version and are not updated according to the TV series version.

  "When the copyright contract is signed, the two parties will make an agreement on film and television adaptation, and set terms such as termination of the contract if it cannot be made into a film and television drama within a certain time limit." Jiang Liang, an insider, told reporters, "Therefore, many people in the industry believe that this so-called TV series version may be a remedy for tourists before the copyright expires."

  Fans are also cautiously looking forward to the "Three-body" TV series. Li Jinglan said: "It will definitely be chased after filming, but with the lessons of the film, let’s wait and see."

  What people expect more is the animated version. A few days ago, the video website Bili Bili released the concept trailer of the animated version of Three-body, and the company leading this project once launched the animated film Linglong, which is also a sci-fi theme and well received, which gave the audience some confidence in the animated version of Three-body. From the point of view of the production team alone, the current animated version is more reliable than the previous movie version and the cloud-covered TV version.

  Can a The Wandering Earth Drive Other Science Fiction Films?

  During the Spring Festival this year, two films adapted from Liu Cixin’s original works, The Wandering Earth and Crazy Alien, both won good box office. China sci-fi movies caused quite a stir in the film market, and some critics thought it was the first year of China sci-fi movies.

  On August 9th, Shanghai Fortress, a sci-fi film adapted from Jiangnan’s novel of the same name, will be released. Jiangnan is the "great god" in the field of science fiction and fantasy, and its original works have a large readership.

  The Hong Kong sci-fi movie "Tomorrow’s Battle" will also be released soon, which has gathered a number of big-name actors such as Louis Koo, Liu Qingyun and Carina Lau. The trailer previously announced is quite hard-core and is also expected by sci-fi fans.

  Projects such as "Pioneer" directed by Zhang Xiaobei, a well-known screenwriter and film critic, are also in preparation. In the book market, the new sci-fi novel "AI Trek" sells well, and the media reports that its film and television copyright is also quite popular.

  A movie is ready to go, is the spring of domestic science fiction movies coming? People in the industry are cautious about this. "Compared with other movie types, science fiction is the most ‘ Burning money ’ Yes. Although The Wandering Earth has succeeded, if there are several unsuccessful projects, the enthusiasm for this type of film may soon cool down. " Jiang Liang told the reporter, "On the other hand, science fiction movies started late in China. In the text, there are not many mature original novels, and only a few influential science fiction writers such as Liu Cixin; Technically, there is still a clear gap compared with Hollywood. Even The Wandering Earth has many places that have been criticized, which will restrict the development of domestic science fiction movies. " He also cited domestic cartoons as an example. In 2015, The Return of the Great Sage was born, and anime fans shouted "The Rise of the Country". However, after four years, only several successful cartoons, such as Big Fish Begonia, White Snake: Origin and Nezha: The Magic Child, appeared in the market. The reporter interviewed Liang Xuan, the director of "Big Fish Begonia", and Liang Xuan said that the rise of Guoman was "too urgent" and should be "step by step".

  In addition, sci-fi movies have not been the "mainstream type" enjoyed by China audiences, and everyone’s acceptance of sci-fi needs to be further cultivated. Li Jinglan said: "I also took my parents to see The Wandering Earth, but they felt that there were too many concepts and the settings were too hard to accept." Even in Hollywood, there are some examples such as blade runner, which was labeled as a "masterpiece" by fans, but failed miserably at the box office. The scientific concepts and complex settings of science fiction movies naturally set a threshold for ordinary audiences.

  In fact, in addition to Liu Cixin, there are also good writers such as Wang Jinkang, He Xi, Liu Wenyang and Pan Haitian in Science Fiction World, and there are many masterpieces of small scenes and small patterns. Li Jinglan said that science fiction does not necessarily need big scenes and big patterns, and film and television practitioners can also relax their eyes. There are many small and medium-cost science fiction masterpieces such as The Man from Earth and 12 monkeys in the history of film.

  It’s a bit difficult to satisfy both fans and fans with a large number of books.

  Three-body novels have sold more than 5 million copies in China, and the book has a deep reader base, which also brings a problem to film and television and various adaptations: how to balance the book powder with the preferences of fans? The reporter once interviewed a young novelist, who argued with a foreign director for two days in order to preserve the plot in the novel.

  Recently, Jiangnan’s fantasy masterpiece "Kyushu Vaguely Recorded" was made into a TV series. Based on the adaptation, the screenwriter modified some plots in the novel, which caused strong dissatisfaction with the book fans. They had a dispute with the fans on the Internet, and Jiangnan himself had to personally explain. The adaptation of science fiction novels such as Three-body also faces this problem.

  Jiang Liang said: "The Wandering Earth’s novel is more like an outline of a script. The film inherits its background setting and spiritual core, and only selects hundreds of words to expand it, so it won’t encounter such problems. However, "Three-body" is different. The three masterpieces of "Three-body" have comprehensive information and a larger readership. Once the film and television show is not good, it is likely to cause readers to vomit. " In his view, the scenes such as "proton", "water drop" and "two-way foil" described in "Three-body" are the essence of the book. To restore these things not only tests the production level of the film, but also tests the director’s own understanding and imagination of the book. Of course, film and television adaptation is also an opportunity, an opportunity to make up for the shortcomings of the original and sublimate it. Li Jinglan bluntly said that as a "straight man", Liu Cixin’s description of female roles was flat, and the description of some small emotions was not delicate enough, which could be brought into play and improved in the adaptation.

  At present, Ne Zha, which is being shown, has made a drastic adaptation of the well-known myth of deity, and the audience is very enthusiastic. Therefore, whether it is to follow the original or to make appropriate adaptations, the audience hopes to see works full of sincerity and wonderful stories.

Pack fruit, cooked food, leftovers … Are you using the plastic wrap correctly?

Products such as plastic wrap and fresh-keeping bag can be seen everywhere. We are used to tearing off a piece of plastic wrap to seal the cut watermelon and other fruits, and opening a fresh-keeping bag to repackage dishes to prevent cross-taste.

What gives these materials the ability to "keep fresh"? What should I pay special attention to when using it?

Types of plastic wrap

Pe (polyethylene) cling film

The main component of pe cling film is polyethylene resin, which is mainly used for packaging ordinary fruits and vegetables.

Pe plastic wrap is considered as a safe packaging material, which can package foods that come into direct contact.

Pe plastic wrap has good waterproof and air permeability, and is suitable for packaging fresh vegetables and frozen foods. However, due to its good air permeability, it is not suitable for packaging foods with high oil content and easy to be spoiled by oxygen.

Pvc (polyvinyl chloride) preservative film

Pvc is a kind of polymer compound formed by addition polymerization of vinyl chloride monomer, which has the characteristics of good transparency, high viscosity and good elasticity, but these characteristics are based on its great harm to people.

The monomer vinyl chloride of pvc has anesthetic effect, teratogenicity and carcinogenicity at the same time. Long-term contact will cause harm to human nervous system, liver and embryo, and its human safety limit is 1 mg/kg body weight.

At the same time, the thermal stability of pvc preservative film is poor, and heating or microwave treatment will cause it to crack and produce toxic vinyl chloride.

In addition, in order to make pvc material into a soft and transparent preservative film, it is inevitable to add plasticizer to change its property state during manufacturing.

Some pvc cling films may contain ethylhexylamine (deha) as a plasticizer, which will destroy the endocrine system of human body, be carcinogenic, and be easily separated from the packaging materials and enter the human body with food.

Therefore, the General Administration of Quality Supervision, Inspection and Quarantine requires food preservative film manufacturers to indicate the material and scope of application on the product packaging, and it is forbidden to use deha in the production of pvc preservative film, and it is also forbidden to directly package meat, cooked food and oily food with pvc preservative film.

Pvdc (polyvinylidene chloride) cling film

Pvdc cling film is composed of polyvinylidene chloride, a small amount of plasticizer, stabilizer and other additives, which is mainly used for packaging some cooked food, ham and other products. It has the characteristics of good freshness, firmness and easy attachment, and can prevent water evaporation. It is superior to pvc preservative film in heat resistance and safety.

Pvdc cling film can be used for both refrigerator preservation and microwave heating, and its temperature range can reach -60℃~140℃.

Plastic wrap is not everything.

Plastic wrap has the advantages of preventing food from cross-flavor, reducing bacterial pollution and maintaining food nutrients.

It has certain air permeability and limits the loss of water, can adjust the oxygen content and water content around food, and at the same time block dust and bacterial pollution to a certain extent, thus prolonging the shelf life of food.

But it is not a "universal product" for food preservation.

Plasticizer will dissolve into food in water or oil above 60℃, so it is best not to keep cooked food and food containing a lot of oil with plastic wrap.

Fruits and vegetables with high moisture content are more suitable for preservation with plastic wrap, such as apples, pears and watermelons.

It is recommended to choose pe plastic wrap, especially when it is used for meat, fruit and other foods.

Pvdc plastic wrap has better moisture retention, and can provide longer fresh-keeping time compared with pe plastic wrap.

When buying plastic wrap, you should pay attention to the specific name or chemical formula on the package, and at the same time, you must choose products marked with the words "food use".

ShangguanNo. Author: Shanghai Huangpu

Reunion dinner for Tujia boys in Hunan: the menu is "confidential", and it is dawn when eating.

My hometown is Sangzhi County, Zhangjiajie City, and I am a Tujia boy. Different from the general New Year’s Eve dinner, we usually have a reunion dinner in the early morning of the New Year’s Eve, almost as early as possible, and families will start preparing from dawn.

Therefore, every year at the reunion dinner, the family will experience the moment when the sky is bright after eating. If we are lucky, we can also hear the sound of fireworks and firecrackers set off by nearby residents during the reunion dinner. On this day, people will look forward to the good weather in the coming year, just like farmers, and they all hope that all their wishes will come true and everything will go well in the new year.

Family members have been preparing dishes for the reunion dinner since early in the morning.

When I was a child, I heard from the older generation that Tujia people have the custom of catching up with the New Year, usually having a reunion dinner on the night of the 29th of the twelfth lunar month. But as a Tujia, I have had a reunion dinner on the morning of New Year’s Eve since I was a child. Yes, this is our morning New Year’s Eve dinner.

This year is the same. Our family chose to have a reunion dinner at our third aunt’s house. It is said that three aunts and three uncles have been buying food since the beginning of the twelfth lunar month, including killing pigs from the countryside, and then finding people to smoke them into bacon and sausages. Smoked bacon can be steamed, fried and cooked, and each method is delicious.

Except for bacon, the menu of the annual reunion dinner is "confidential", and people who come to eat don’t know what to eat until the food is served on the table. This year, I asked my third aunt for a menu in advance, including: steak, steamed sausage, fried bacon, pig’s head meat, chicken hotpot, tasty fish, bacon trotters and so on.

I got up early, set out from home and walked.13I came to my third aunt’s house in minutes, and it was early morning.sixHalf past ten. Three aunts and three uncles are already busy. "Honey, thaw the pig’s trotters first, then wash them. I’ll wash those small dishes first. After you finish, then cut the sausage." Third aunt shouted.

At this time, it was just dawn outside. In the words of my composition when I was a child, it was "the sky turned into a fish-belly white". The preparation of the two people’s dishes lasted for almost an hour, and I would help them from time to time. After washing the vegetables, it was already bright outside.

It was dawn after eating, and fireworks sounded outside the house.

At this time, I came to the most important link.——Cooking. My uncle used to work in the cookhouse squad of the army, so he naturally cooked the reunion dinner. Ignite, take out the pot, burn oil and hot dishes. One by one, the ingredients change from raw to cooked in the pot, and the hot air and aroma are intertwined. Third Aunt can’t help but say, "The dishes smell good!"

fromeightAt half past ten, relatives at home knocked at the door one after another, and my brother and nephews scrambled to open the door. "Happy New Year!" Every guest who comes in will say such a sentence. In a short time, the house was full of people.

The dishes were brought to the table and the table was quickly filled. People who were sitting around the fire table smelled the fragrance and came to the table automatically. There is a special program of Spring Festival on the news channel on TV. Overseas Chinese all live the same festival belonging to China people in different places.

Our whole family picked up cups and raised their glasses to wish a happy New Year. It was cloudy that day. Although the sun didn’t come out, there were bursts of fireworks and firecrackers outside the house.——People have a reunion dinner on the morning of New Year’s Eve, saying goodbye to the old and welcoming the new, hoping for a better year.

Xiaoxiang morning herald reporter Man Yankun

News clue breaking channel: the application market downloads the "Morning Video" client and enters the topic of "Morning Help"; Or call the morning video news hotline 0731-85571188.

Reporting/feedback

Breaking into Schumacher’s garage, Ferrari’s dream begins with F50 (Figure)

  Backed by the Alps and facing Lake Geneva, the home of michael schumacher, the seven-time F1 world champion, is located in the Swiss mountains and green waters. Under the aerial view of the helicopter, the "ancient pagoda" of "Shumi Castle" is conspicuous, which is the "indoor climbing ground" of Schumacher’s family. In addition, people can vaguely guess that the big house is Shumi’s indoor swimming pool with Schumacher’s championship trophy hidden in that small window. But Schumacher’s favorite thing is hidden under the "Shumi Castle", which is Schumacher’s parking garage with two floors, enough to park 19 luxury cars.


  As a former driver and current consultant of Ferrari, Schumacher always drives only cars from Ferrari and its parent company Fiat Group in public. Although there are many Mercedes-Benz and BMW with pure German descent in Schumacher’s private garage, it is a pity that "professional" Schumacher never reveals only those stories about him and Ferrari …


  


  


  fiat 500


  Dedicated to Fiat 500 for the first time.


  Up to now, recalling the story about Fiat 500, Schumacher will smile sweetly, because it was the first time Schumacher drove a car in his life. Can you imagine such a picture? Little Schumacher sat in the driver’s seat of Fiat 500, his ass barely touched the seat, and his hands and feet just reached the steering wheel and brake pedal, so he rushed out with excitement. As a result, before driving far, the car directly hit the lamppost, and little Schumacher was almost bruised.


  Perhaps, Schumacher’s love affair with racing car and Ferrari was doomed at that time. Up to now, the Schumacher Museum in Coppen, Germany still houses the first car of Che Wang. Of course, it was not the one that Schumacher crashed when he was a child. After Schumacher came to Ferrari, Fiat President Montezemolo specially sent a brand-new red Fiat 500 to Schumacher for collection. With round headlights and a small and lovely predecessor, Fiat 500 is like Italian chocolate, which will always be an Italian classic and hidden in the sweetest place of Schumacher’s childhood.


  Love at first sight for "Super Bugatti"


  Now there is no such car in Schumacher’s garage, but it must be mentioned that the Bugatti supercar is actually Schumacher’s first private car. In 1995, Schumacher was the driver of Benetton. In that summer, he took his wife Corinna to Campogalliano, a small town in Modena, Italy, to visit the factory of Bugatti, a top super-running brand. The boss of Bugatti, Romano Attioli, decided to give Schumacher the latest work EB110 SS.


  It was a yellow EB110SS. When Schumacher took the car keys from Attioli, he was still very dissatisfied with this car. Unique design and color matching is Bugatti’s consistent style. Schumacher got the EB110SS with a blue leather seat configuration, and the center console is also uniform blue. However, Schumacher raised some questions about the design of EB110SS hollow platform, and Attioli’s answer was that it was the most fashionable at that time.


  Car king’s affection for Bugatti didn’t change until after driving. The 3499ml V12 engine has five valves per cylinder. With the help of four superchargers, it can output the maximum power of 611 horsepower (which was quite advanced at that time), accelerate for 3.2 seconds from 0 to 60 miles (about 96.5km) and have a top speed of 350km/h. All these indicators finally make Schumacher’s face smile. Unfortunately, this Mohamme Bourkadi has only been in Schumacher’s hands for less than a year. After joining Ferrari, Schumacher quickly found a reason to ask this car out of his garage.


  Spyder will always be like a lady


  In October 2003, Schumacher bought a new toy in Italy-the blue Masalati Spyder. Like Enzo, before getting this new car, Schumacher gave a rigorous test to Maserati Spyder at Maranello. The car king, who has always been plain-spoken, used gorgeous words to describe this car: "This is a great sports car, with outstanding design and cutting-edge fashion. The engine provides endless power. Maserati Spyder is like a lady who can surprise you at any time …"


  Like other cars, the biggest feature of Schumacher’s car is that it is fast enough. It takes only 5 seconds for the Spyder with 390 horsepower to accelerate from 0 to 100 kilometers per hour. In addition, the biggest feature of this car is that it has no clutch and no shift lever. When you want to hang the AUTOmatic gear, just press the "auto" button at the lower part of the center console. If you choose to change gears manually, you don’t have to leave the steering wheel, and you can shift gears with your fingers, which is very similar to Schumacher’s F1 car.


  Luxury gift FXX has only 20 cars in the world.


  This is a gift from Ferrari to the car king after Schumacher retired. On Ferrari Racing Day in 2006, Fiat President handed the Ferrari FXX to Schumacher in front of more than 30,000 fans.


  Ferrari FXX was built in the factory of Maranello, the base of Ferrari racing department, on the basis of Enzo sports car. Its engine displacement has been expanded to 6,262 ml, and its maximum power and peak torque have reached an astonishing 800 HP and 690 N/m respectively, which is also a super GT sports car closest to F1 racing car so far.


  Schumacher’s FXX is painted in all black, and the car king undoubtedly likes this car very much. During his stay in France this year, Schumacher attended a charity event. He took Zidane, a famous French football player, for a wild ride on the Magney circuit, and the car he chose was his own Ferrari FXX.


  This Ferrari’s top sports car is limited to only about 20 cars in the world. FXX customers will join Ferrari as its test drivers and drive the car under the supervision of Ferrari experts. Ferrari regards FXX as the basic framework of the top-class models to be produced in the future, but FXX is neither a legal streetcar nor a racing car, and it will only become the car of the first customer test drivers on the track in history.


  Ferrari’s dream begins with F50.


  In 1996, Schumacher joined the Ferrari team. Since then, King Che’s garage has almost only added the brand of Fiat Group, and the F50 is just the beginning of Schumacher’s dream of Ferrari.


  The 27-year-old Schumacher is sharp-edged and unruly. When he first appeared in front of the Italians in a black suit embroidered with Ferrari’s prancing logo, the German looked arrogant. Ferrari’s performance at that time was not good, and they needed a car to dispel Schumacher’s suspicious eyes. The F355 is not fashionable enough, and the 456GT is not sporty enough. In the end, Schumacher took a fancy to the fiery red F50. The F50 is an early model launched by Ferrari to celebrate its 50th anniversary. It was designed by local designer Pininfarina. It uses a 4.7-liter naturally aspirated V12 engine with a maximum power of 513 horsepower, and a 6-speed manual gearbox with a rear drive in the middle, which can achieve a performance of 3.7 seconds for 100 kilometers and a top speed of 360 kilometers per hour. The style is divided into convertible and hardtop, and Schumacher chose convertible at that time.


  Since Schumacher joined Ferrari, almost every new Ferrari car has been "personally tested" by Schumacher before it came out. In addition to being a driver of Ferrari, Schumacher has gradually become the image ambassador of Fiat Group. At all kinds of large-scale international auto shows, Schumacher often appears next to Fiat’s brands, whether Ferrari or Maserati. Schumacher also often shoots various car advertisements for Ferrari. Of course, no matter which new car Schumacher likes, he can drive it straight home at any time.


  ENZO belongs to Schumacher’s "Red Rabbit"


  In 2002, Ferrari launched Enzo, a model to commemorate Ferrari founder Enzo Ferrari, and Schumacher, as the soul of Ferrari, naturally ranked among the first customers of this car. For Che Wang, ENZO is definitely a "red rabbit horse".


  Enzo uses a 5998ml V12 engine with a maximum output of 660 horsepower. It takes only 3.6 seconds to accelerate from 0 to 60 miles. The biggest breakthrough it brings is to learn from the aerodynamic design of F1 racing cars. The body design puts functionality in the first place. Although it has been criticized in aesthetics, it is definitely the super sports car with the best performance in its generation. In order to show Enzo’s king position in civil super-running, Ferrari also put it together with F2002 for Schumacher to test drive. Of course, Schumacher came to an ideal conclusion: "Enzo’s high-speed state is very stable, and the turn is neutral and very powerful. It is the most powerful road model."


  The fastest track, the safest road.


  Schumacher used to be the fastest man on F1 track, but in real life, Schumacher is a good citizen who abides by traffic rules. As the image ambassador of UNESCO and the FIA’s road safety ambassador, Schumacher has always been active in promoting driving safety.


  In 2005, the United Nations held the first "Safe Driving Week" with the theme of "Young People on the Road". As the father of two children, Schumacher looked a little uneasy after the event. "I didn’t know that every day, thousands of children around the world died in car accidents." Schumacher said, "As a father, I can understand the grief of parents when they lose their children. Just this morning, I read a news that a father took his daughter out for a walk and her daughter died in a car accident. Now I can live happily with my children-and if there were not so many car accidents, there would be more happy families in the world like me. "


  Schumacher’s driving record never recorded speeding. The only exception was that Schumacher himself took the initiative to admit his mistake. "An interesting thing happened before the race in the United States in 2002. I drove to Indianapolis on the highway. Maybe time was a little urgent and I seemed to drive faster. Then I suddenly found a police car behind me. I think it’s too bad, because I heard that it’s hard to find an excuse to meet a traffic policeman in America. He stopped my car and said very seriously,’ Do you think you are Mansel? Even if it is, you will be fined. I said,’ OK, but I’m michael schumacher.’ "Schumacher said.


  According to the reporter’s interview with the policeman afterwards, Schumacher actually didn’t tell the whole story because the policeman didn’t know him, and then said, "Sorry, I don’t know who Schumacher is." Schumacher’s response was even better: "Then, I don’t understand what speeding is."


  Send children to school without driving a luxury car.


  Schumacher will drive his youngest son Mick to see his favorite idol, Barak, and will drive a Ferrari to accompany Corinna to travel, but in daily life, Schumacher insists on driving the most humble Lancia. The reason is simple. Schumacher wants to live like an ordinary person, and he wants his children to grow up like ordinary children.


  At home, Schumacher is a good father. He will personally take his two children to and from school, play their favorite songs on the way and even sing with them. When the whole family goes out, Schumacher is the obligatory driver: "I am a loyal and relaxed driver, and we will laugh and laugh all the way like ordinary families." On long trips, Gina and Mick are very cooperative passengers, and they usually fall asleep in a short time. " However, at Schumacher’s house, Corinna is also willing to be her husband’s driver. "I absolutely believe in her driving skills," Schumacher said.

Editor: Shuo Yang

Attention financial holding company! The central bank zoomed in, and super-strict supervision is coming! (20 points)

  On the afternoon of July 26th, the central bank and relevant departments drafted the Trial Measures for the Supervision and Management of Financial Holding Companies (Draft for Comment) (hereinafter referred to as the Measures). A few days ago, it officially solicited opinions from the public.

  The central bank publicly solicited opinions on the pilot measures for supervision and management of financial holding companies.

  In order to promote the standardized development of financial holding companies, effectively prevent and control financial risks, and better serve the real economy, the People’s Bank of China, together with relevant departments, drafted the Trial Measures for the Supervision and Management of Financial Holding Companies (Draft for Comment) (hereinafter referred to as the Measures). A few days ago, it officially solicited opinions from the public.

  According to the central bank, financial holding companies invested by non-financial enterprises blindly expand into the financial industry and regard financial institutions as "cash machines". There is a regulatory vacuum and risks are constantly accumulating and exposed. In order to rectify and restrain the risks of financial holding groups that have actually formed in an orderly manner, and at the same time effectively regulate the increment and prevent the cross-industry and cross-market transmission of financial risks, the Measures, in accordance with the decision-making arrangements of the CPC Central Committee and the State Council, fill in the shortcomings of the supervision system, follow the concept of macro-prudential management, and conduct comprehensive, sustained and penetrating supervision on the capital, behavior and risks of financial holding companies on the basis of consolidated supervision.

  There are 7 chapters and 56 articles in the exposure draft, the main contents of which include:

  The first is to clarify the scope of supervision.That is, financial holding companies that meet certain conditions and whose actual controllers are domestic non-financial enterprises and natural persons shall be supervised by the People’s Bank of China.

  For integrated financial groups formed by financial institutions investing in other types of financial institutions across industries, the relevant financial supervision departments shall implement supervision according to the Measures and be responsible for formulating specific implementation rules.

  The second is to take market access as the first threshold for risk prevention and control., clear the qualifications of directors, supervisors and senior management personnel, and implement continuous supervision of financial holding companies during and after the event. The administrative licensing matters involved will be decided by the State Council according to law.

  Third, strict shareholder qualification supervision., through the positive list and negative list, stipulate the conditions and prohibited acts of becoming a shareholder of a financial holding company. The major shareholder, controlling shareholder or actual controller of a financial holding company shall have prominent core business, standardized corporate governance, clear ownership structure and good financial status.

  The fourth is to strengthen the supervision of the authenticity of capital sources and the compliance of capital utilization.. The source of funds shall be true and reliable, and non-owned funds such as entrusted funds shall not be used to invest in financial holding companies. A financial holding company shall not inject capital falsely or circularly into financial institutions.

  Fifth, strengthen corporate governance and related party transaction supervision.. A financial holding company should have a concise, clear and penetrating shareholding structure, participate in the corporate governance of the financial institutions it controls according to law, and must not abuse its substantive control rights. Shall not conceal related party transactions and the true whereabouts of funds.

  Sixth, improve the risk "firewall" system. Financial holding companies should establish a unified comprehensive risk management system to reasonably isolate internal cross-employment and information sharing.

  Seventh, set a reasonable transition period.. Allow existing enterprise groups that do not meet the requirements of the Measures to carry out rectification within a certain period of time to promote a smooth transition.

  After the public consultation, the People’s Bank of China will further revise and improve the Measures in conjunction with relevant departments according to feedback from all walks of life.

  Here come the 20 main points.

  From the central bank’s answer to reporters’ questions and the full text of the draft for comments, the following 20 points can be sorted out.

  1. Why is this method formulated?

  Financial holding companies invested by non-financial enterprises blindly expand into the financial industry, and there is a regulatory vacuum, and risks are constantly accumulating and exposed.

  The main manifestations are as follows: First, the risk isolation mechanism is missing, and financial risks and industrial risks are cross-transmitted.

  Second, some enterprises have complex control or benefit relationships and strong hidden risks.

  Third, there is a lack of overall capital constraints, and some groups as a whole lack real capital that can resist risks.

  Fourth, some enterprises improperly interfere in the operation of financial institutions, and use related party transactions to conceal their interests and harm the rights and interests of financial institutions and investors.

  2. Penetrating supervision

  In view of the complex structure of financial holding companies, it emphasizes the thorough supervision of equity and funds, accurately identifies the actual controller and the ultimate beneficiary, and prevents the real control relationship from being hidden.

  Through the verification of the authenticity of the sources of funds, including the sources of funds for investment in financial holding companies and the sources of funds for investment in financial institutions, to prevent false capital injection and circulating capital injection.

  3. The central bank implements supervision.

  The People’s Bank of China shall supervise the financial holding companies that meet the conditions for the establishment of the Measures, and the financial supervision department shall supervise the financial institutions controlled by the financial holding companies.

  Financial supervision departments supervise financial groups formed by cross-industry investment and holding of financial institutions. When the risk occurs, according to the principle of "who supervises, who is responsible", the corresponding regulatory body will take the lead in risk disposal. Strengthen supervision cooperation and information sharing among various departments to jointly guard against the risks of financial holding groups and financial groups.

  4. What are the financial holding companies?

  A financial holding company is defined as a limited liability company or a joint stock limited company that is established according to law, has substantial control over two or more different types of financial institutions, and only conducts equity investment management and does not directly engage in commercial business activities.

  The Measures apply to financial holding companies whose actual controllers are domestic non-financial enterprises and natural persons. For financial groups formed by cross-industry investment and holding of financial institutions, the financial supervision department shall implement supervision according to the Measures and formulate specific implementation rules.

  5. Financial institutions include the following six types:

  Commercial banks (excluding village banks), financial leasing companies, trust companies, financial asset management companies, securities companies, fund management companies, futures companies, life insurance companies, property insurance companies, reinsurance companies, insurance asset management companies, and other financial institutions recognized by the financial management department.

  6, to apply to the central bank in advance to set up a financial holding company.

  Non-financial enterprises and natural persons who meet the conditions stipulated in Article 6 of the Measures shall apply to the People’s Bank of China for the establishment of a financial holding company or for the parent company of the group as a financial holding company. Among them, those who have met the requirements of Article 6 before the implementation of the Measures shall apply to the People’s Bank of China within 6 months from the date of implementation of the Measures. After the implementation of the Measures, if it intends to substantially control two or more different types of financial institutions, and it has the circumstances stipulated in Article 6 of the Measures, it shall also apply to the People’s Bank of China. Relevant implementation rules will be formulated separately.

  7. These cases are not registered.

  If an institution that meets the requirements for the establishment of a financial holding company fails to apply to the People’s Bank of China in accordance with the Measures, or the People’s Bank of China may, in conjunction with the relevant financial regulatory authorities, order it to make corrections. If it fails to make corrections within the time limit, it shall be ordered to transfer the equity of the financial institution it holds. Without the approval of the People’s Bank of China, a financial holding company shall not be registered as a financial holding company, and the words "financial holding", "financial control" and "financial group" shall not be used in its name.

  8. What are the business scopes of financial holding companies?

  The main business of a financial holding company is equity management of the financial institutions it invests in. In addition, in order to urge financial holding companies to strengthen the overall liquidity management and risk management and control of the group, so that they can provide liquidity support to the financial institutions they hold, or play a self-help role to the financial institutions they hold in case of risks, the Measures allow financial holding companies to carry out other financial businesses except equity management on the premise of obtaining approval from the People’s Bank of China.

  9. Strictly isolate the financial sector from the industrial sector.Block, a financial holding company shall not engage in non-financial business.

  From the perspective of based on the main business and risk prevention, financial holding companies are enterprises specializing in equity investment and management of financial institutions, and are not allowed to engage in non-financial business, so as to strictly isolate the financial sector from the industrial sector and effectively prevent cross-infection of risks.

  Under the premise of strictly isolating risks, financial holding companies established by enterprise groups are allowed to invest in institutions related to financial business identified by financial management departments, but the book value of total investment shall not exceed 15% of the net assets of financial holding companies in principle.

  For existing enterprises that do not meet the requirements, they are allowed to gradually adjust the proportion of investment in non-financial enterprises during the transition period. If the enterprise group as a whole is recognized as a financial holding group, its non-financial total assets shall not be higher than 15% of the total assets of the group.

  10, positive list and negative list, clear financial holding company shareholders’ conditions.

  Some enterprises are not strong in strength, impure in investment motives, weak in risk management and control ability and compliance management concept. They set up or become shareholders in financial holding companies only to obtain more financial licenses, or even use financial holding companies to carry out improper related party transactions and extract funds from financial institutions, which brings greater risks to financial institutions and financial holding companies.

  The Measures clarify the conditions for becoming a shareholder of a financial holding company through a positive list and a negative list.

  From the positive list, the major shareholders, controlling shareholders or actual controllers of financial holding companies should highlight their core business, have pure investment motives, formulate reasonable financial investment business plans, not blindly expand into the financial industry, and have perfect corporate governance structure, clear ownership structure and organizational structure, transparent shareholder and beneficial owner structure, strong management ability, effective risk management and internal control mechanism, and good financial status.

  From the negative list, it is clear that the controlling shareholder of a financial holding company is prohibited from engaging in acts, and that it is not allowed to become a major shareholder, controlling shareholder or actual controller of a financial holding company. For example, it has made false investments and injected capital into financial institutions in a circulating way, and it has been responsible for the failure or major violations of financial holding companies or financial institutions.

  11, strengthen the supervision of financial holding companies’ sources of funds.

  Some enterprises, through controlling financial institutions at different levels and cross-holding financial institutions, contributed with debt funds, which pushed up the overall leverage ratio and manipulated shell companies to make false capital injection and circulating capital injection, resulting in the whole group not having much real capital to resist risks.

  To this end, the supervision of financial holding companies’ sources of funds emphasizes authenticity:

  First, the source of funds is true and reliable. Shareholders of a financial holding company shall invest in the financial holding company with legally owned funds, and shall not invest in the financial holding company with non-owned funds such as entrusted funds, debt funds and investment funds, and shall not entrust others or accept others’ entrustment to hold the equity of the financial holding company.

  Second, a financial holding company shall invest in holding financial institutions with its own legal funds, and shall not make false capital injection or circulating capital injection into financial institutions, and shall not withdraw funds from financial institutions.

  The third is to carry out penetrating management on the capital compliance of financial holding companies, check the source of funds of investment holding financial holding companies upwards, and check the source of funds of investment holding financial institutions downwards.

  The fourth is to establish a capital adequacy supervision system.

  12. Concise, clear and penetrating ownership structure

  Some enterprise groups have complex ownership structure, cross-shareholding, multi-level shareholding, insufficient information disclosure, unclear beneficial owners, and nested groups within the group.

  The Measures stipulate that a financial holding company should have a concise, clear and penetrable shareholding structure, which can be identified by the actual controller and the ultimate beneficiary, and the legal person level is reasonable, which is suitable for its own capital scale, operation and management ability and risk management and control level. The financial institution it controls shall not hold shares in reverse or cross-shareholding.

  13, the ownership structure does not meet the need for timely rectification.

  An enterprise group that should apply for the establishment of a financial holding company from the date of implementation of the Measures, but its shareholding structure does not meet the requirements, shall formulate a plan for the rectification of its shareholding, and after being approved by the financial management department, reduce the complexity of its organizational structure and simplify the legal person level during the transition period. In the process of equity transfer, if the assets involved in equity integration, transfer and transfer within an enterprise group are in compliance with the provisions of tax policies, they can enjoy corresponding preferential tax policies; Where the approval of shareholder qualification is involved, the financial management department shall apply the shareholder qualification conditions suitable for the financial holding company.

  14, shall not exceed level 3.

  After the implementation of the Measures, the newly-added financial holding companies, shareholders of financial holding companies, financial holding companies and financial institutions controlled by them shall not exceed level 3 in principle.

  15. A financial holding company shall not abuse its substantive control rights.

  A financial holding company shall not abuse its substantive control right, interfere with the independent operation of its controlled institutions, and damage the legitimate rights and interests of its controlled institutions and their related stakeholders.

  16. Strengthen related party transaction management.

  Strengthening the management of related party transactions is an important measure of strict risk isolation. In practice, some enterprises use the hidden ownership structure to transfer benefits through improper related party transactions, and regard financial institutions as "cash machines", which seriously damages the legitimate rights and interests of financial institutions and investors.

  17. Establish a negative list of prohibited related party transactions.

  First, financial holding companies should strengthen the management of related party transactions, and their intra-group transactions with controlled financial institutions, between controlled financial institutions and between controlled financial institutions and other institutions in the group, as well as related party transactions with other related parties, should be in compliance with the law.

  Second, a financial holding company and its financial institutions and other related parties shall not conceal related party transactions and the true whereabouts of funds, and shall not transfer interests, evade supervision or regulatory arbitrage, damage the legitimate rights and interests of others, or damage the stability of the financial holding company through related party transactions.

  Third, except for financial companies, financial institutions controlled by financial holding companies are prohibited from providing financing to financial holding companies or providing unsecured financing to other related parties. The financing or guarantee provided to related parties shall not exceed 10% of the registered capital of the financial institution or 20% of the registered capital of the related party. Financial institutions and non-financial institutions controlled by financial holding companies are prohibited from accepting the equity of financial holding companies as pledge targets, and the guarantee balance of financial holding companies outside financial holding groups shall not exceed 10% of the net assets of financial holding companies.

  18. The central bank has these regulatory means and measures.

  First, establish a unified supervision information platform for financial holding companies, and require financial holding companies to report and disclose information according to regulations.

  The second is to establish and improve the risk assessment system of financial holding groups, and comprehensively use macro-prudential policies, financial institution ratings and other policy tools to assess the management and risk status of financial holding groups.

  Third, according to the needs of performing their duties, conduct supervision talks with relevant responsible persons, conduct on-site inspections of financial holding companies, and conduct on-site inspections of financial institutions controlled by financial holding companies with the approval of the State Council when necessary, on the basis of supervision and cooperation.

  Fourth, the financial holding company is required to formulate the overall recovery and disposal plan of the financial holding group.

  Fifth, when a financial holding company violates the Measures or has a major risk, it will take regulatory measures such as restricting its business activities, restricting dividends or related rights, ordering it to replenish capital within a time limit, and ordering it to transfer its equity, and give it warnings, fines and other penalties.

  Sixth, if it is difficult for financial holding companies to operate continuously, which will seriously endanger the financial order and harm the public interest, they should withdraw from the market according to law. Relevant implementation rules shall be formulated separately by the People’s Bank of China in conjunction with relevant departments.

  19. Transition period

  If an enterprise group that existed before the implementation of the Measures and meets the conditions for the establishment of a financial holding company fails to meet the regulatory requirements stipulated in the Measures in terms of the ownership structure, the proportion of institutions related to investment and financial business, and the part-time jobs of senior managers, it will be rectified within a certain period of time with the consent of the financial management department, and the specific period will be determined by the financial management department according to the actual situation of the enterprise group. At the end of the transition period, these enterprises should meet the regulatory requirements of the Measures and be accepted by the financial management department. For the increment, it will be implemented in strict accordance with the requirements of the Measures.

  20. What is the impact on the financial market?

  The impact on financial institutions, non-financial enterprises and financial markets is positive and the risks are controllable.

  Some enterprise groups that do not meet the requirements need to carry out equity integration, but the equity transfer is carried out within the group and the actual controller has not changed, so the impact on financial institutions is limited.

  In the long run, the "Measures" are conducive to controlling financial chaos, rectifying financial order, and ultimately preventing systemic financial risks.