Break through the luxury boundary! Chery Fengyun T9 global pre-sale officially opened, starting from 159,900 yuan

On April 18, the "2024 Chery Fengyun New Energy Night and Fengyun T9 Pre-sale" event was grandly opened at Chery’s Qingdao factory, and Fengyun T9 also officially opened the global pre-sale. A total of 4 versions of the new car were released, and the pre-sale prices were: 120 long battery life version, standard 159,900 yuan, 120 long battery life version, comfort 172,900 yuan, 120 long battery life version, luxury 185,900 yuan, 120 long battery life version 7-seat flagship 199,900 yuan. As the first mass-produced SUV model in Chery Fengyun series, Fengyun T9 will redefine Chinese luxury brands with four core advantages of "luxury and comfortable space, luxury safety, luxury quality and luxury performance", and provide users with cost-effective Chinese luxury cars.

In order to lead the era of luxury equality, Chery Fengyun also brought consumers a "new car pre-sale crowdfunding" activity to help users easily enjoy the new travel experience brought by "luxury equality". On the day of the pre-sale, users only need to pay 9.9 yuan to place an order for a new car in the Mini Program of Chery’s official mall, and they can participate in the crowdfunding activity and enjoy double gifts:

A gift: customers place an order to participate in crowdfunding. According to the number of orders placed, the maximum listing price can be reduced by 20,000 yuan;

Double gift: Participate in crowdfunding to extract high-quality outdoor camping kits worth up to 1599 yuan, 100% winning;

"5G Black Light Factory" is made with ingenuity and quality, cultivating the luxury quality of Fengyun T9

Chery’s "5G Black Light Factory" has created the true luxury and high quality of Fengyun T9. On the same day, Chery Fengyun joined hands with media, users and partners to walk into Chery’s Qingdao factory, the "birthplace" of Fengyun T9, to jointly uncover the mystery behind the luxury quality of Fengyun T9. As a "5G Black Light Factory", it relies on four production processes, strict "quality" manufacturing standards and working condition verification testing lines to explain its adherence to quality, and demonstrate the high standards of Fengyun sequence and the excellent quality of Fengyun T9.

In the world of great competition, heroes are united to gather the upward potential of Chinese brands. Chery Fengyun, as the official car of the Chinese women’s volleyball team, Fengyun T9 joined hands with the Chinese women’s volleyball world champion at the event. The team members not only shared the test ride experience of the new car, but also sent sincere blessings for the pre-sale of the new car. Li Xueyong, deputy general manager of Chery Automobile joint stock company, said: It is the spirit of never giving up, pursuing excellence and winning glory for the country that makes the Chinese women’s volleyball team and Chery Automobile come together. In the future, Chery Fengyun will continue to uphold the "small grass house spirit" of hard work and technological innovation, and create more high-value and high-quality products like the Fengyun T9, so that Chinese power will be more dazzling on the world stage.

Fengyun T9 refreshes the definition of Chinese brand luxury with leapfrog quality

Fengyun T9 draws on the elements of oriental classical aesthetics, combines with modern cutting-edge design trends, and uses ingenious designs such as "Changhongdu" through-bridge tail lights, presenting the unique temperament of oriental luxury aesthetics coexisting with modern cutting-edge technology. Fengyun T9 also provides users with a variety of body colors with oriental charm such as "floating white, quiet shadow gray, smoke condensation green, and twilight mountain blue" to meet the aesthetic needs of different consumers.

The space has a large pattern, and you can enjoy luxury and comfort when you get started. Fengyun T9 has a comfortable large space with a "room acquisition rate" of up to 70.04% under a wheelbase of up to 2770mm. With two or three rows of one-button reclining function, it can flexibly realize 12 combinations to meet the diverse travel needs of users. In addition, the main driver seat is called "full match", equipped with 10-way electric adjustment, 10-point air bag massage and 3-speed ventilation/heating function. The queen’s co-pilot is also equipped with an additional electric leg rest, which can realize one-button comfortable lying and comfortable sitting and lying. At the same time, Fengyun T9 is also equipped with a CDC "Magnetic Levitation" suspension system, which can realize stepless damping adjustment at millisecond response speed, allowing children to sleep with "wind" and give family members a "cloud" feeling of comfort.

The guard is as solid as a rock, and you can enjoy luxury safety when you get started. The Fengyun T9 is designed with global five-star safety standards, with high-strength steel accounting for up to 85% of the body. It also adopts an integrated door ring structure and a front anti-collision beam with a horizontal coverage rate of up to 85%. It builds a "reinforced iron bone" of the cage body to comprehensively protect every trip. For power batteries, the Fengyun T9 is equipped with a guardian battery safety system. The aviation-grade aluminum box is more resistant to collisions. It has IP68 waterproof performance, 2ms power-off protection for accidents, and OurHours guard of 800 + signal collection points to eliminate battery safety risks. In addition, the new car is equipped with 7 airbags as standard, and the length of the side air curtain is as high as 2060mm, which not only protects a wider area, but also eliminates secondary collision injuries with the performance of the 6s pressure-holding airbag, truly making luxury travel "not surprising".

Powerful and efficient, enjoy luxury performance at the beginning. Based on the technical advantages of Kunpeng’s super-hybrid C-DM system, the fifth-generation ACTECO 1.5TGDI high-efficiency hybrid dedicated engine equipped with Fengyun T9 can achieve excellent thermal efficiency of 44.5%, and the highest EV efficiency of the stepless super electric hybrid DHT is also as high as 98.5%, so that both performance and energy saving can be achieved. Under the precise control of the OurHours domain intelligent power management system, Fengyun T9 can achieve a long battery life of 120km pure electricity under CLTC conditions and 1400 + km under WLTC conditions. While driving at will, 30% to 80% fast charging only takes 20 minutes, providing users with a luxurious travel experience with peace of mind and worry-free battery life.

There is no one day to become famous, only a hundred are refined into steel. Since the official release of the Fengyun series in November 2023, Chery Fengyun has joined hands with the media and users to launch hard-core test challenges on many occasions, eliminating users’ driving range, mileage, and safety anxiety with "real stupid kung fu". Today, from bicycles to multi-car, from sedans to SUVs, Chery Fengyun T9 leads users to open the era of luxury equality with the high value of entry, and will lead Chinese brands to start a leap up with excellent luxury quality!

Sunrise in the East, How to Win – Exploring China’s Confidence from Northern County-level Towns

  No longer stuck in big cities, the trend seems to be turning to the county.

  After a batch of 100 billion county towns such as Kunshan in Jiangsu and Yiwu in Zhejiang shone economically, the tourist army, music festivals, cafes, and resorts have flooded into the county, and even the sports Super League is sinking to the fourth and fifth tier cities.

  The era of the county is approaching.

  When the spotlight shines on the strong counties in the south and Midwest, in addition to the beams of light, there are also some tough and atmospheric northern county cities that are also writing legends.

  In these small cities, which are as tough as Mongolian horses, we may have a better glimpse of China’s resilience and confidence.

  Dongsheng, as a city with a "long story", deserves to be seen.

  Coming to the main urban area of Ordos City, Inner Mongolia, you can somewhat detect her "unusual"; only 40 kilometers away from the desert, but there is the largest aquarium in the northwest; the population is less than 600,000, but there are 146 bars and 439 barbecue restaurants; one county-level city, well-dressed, confident and calm young people can be seen everywhere.

  These conflicting and harmonious elements are mixed together to form a mysterious small city atmosphere: both local and foreign; both real-world friends society, and high administrative efficiency; the left hand has mines, and the right hand is sophisticated.

  Over the years, with a combination of internal training and external training, she has become a frequent visitor to the top of the economic list, and has also gained a kind of Dongsheng experience.

  It is a miniature model of Chinese-style confidence and a new green where Chinese-style resilience is rooted in the earth.

  As a rising emerging city, reading China’s confidence might as well turn to Dongsheng.

  The young man is back.

  Sometimes, Dongsheng Neng and Beijing, Shanghai PK.

  "If I don’t leave, the headquarters will be located in Dongsheng." Wang Haochen, 28, the owner of Chunli Restaurant, a "phenomenon" restaurant in Beijing, left Beijing two years ago due to the pandemic and planned to return to his hometown Dongsheng for a break before returning to Beijing and Shanghai. But in the two years since he returned, he has opened seven barbecue restaurants "with his hands."

  Compared to when he left that year, "Dongsheng is more foreign, and there are more young people."

  According to statistics, since 2005, the population of Dongsheng District has risen year by year, reaching a peak in 2014 654,000 after a sudden stop, turned around and fell to 570,000 in 2015. 1 years, more than 80,000 people left.

  But Wang Haochen found that more and more young people were coming back from Beijing, Shanghai and Guangzhou.

  Gao Liang’s clinic, a doctor of traditional Chinese medicine, was located in a small courtyard called "Ordofu" Lane. There was an old tree in the courtyard that was lush. "At night, you set up a tea table under the tree, drink tea and watch the stars."

  Although he has a house and business in Beijing, Gao Liang came back, first because his father was elderly; second, he was "optimistic about Dongsheng".

  According to the latest data, the permanent population of Dongsheng District 580,800 at the end of 2022, an increase of 4,500 over the end of the previous year.

  If you search on Baidu: Why do we love the county seat? The reasons given by netizens generally boil down to: quiet and comfortable, low cost of living, human touch, historical heritage, beautiful natural environment, slow pace, and close to home.

  In this regard, Dongsheng can be said to have firmly grasped it.

  Travel – Dongsheng has a population of 580,000, more than 200,000 small cars, less than three people own a car, and people can often travel within a half-hour drive.

  Housing prices – According to Anjuke monitoring, the average price of new houses in May this year was 7,186 yuan/square meter. Compared with big cities, the pressure to buy houses has dropped sharply, and 1/4 of the monthly income of ordinary white-collar workers can almost provide a set of two bedrooms and one living room.

  Income – In 2022, the per capita disposable income of urban residents in Dongsheng District was 55,863 yuan. This level is ranked fourth among 31 provinces in the country, second only to Shanghai, Beijing and Zhejiang.

  Consumption – Dongsheng has 146 bars and 439 barbecue restaurants 600,000 less populated.

  Whenever the night is low, the streets and alleys are full of traffic, the lights are bright, and the restaurants of different sizes are like money detectors, swallowing waves of diners.

  Since 2022, Dongsheng has invested a total of 213 million yuan, focusing on building 8 Internet celebrity characteristic commercial blocks.

  "Jiajia Qingchuang 1980 Old Street" is currently the hottest Internet celebrity plot. After renovation, this original shantytown has been praised by young people as "having the taste of Sanlitun, Beijing".

  "The government has played a key role." Shang Xiaowei, the founder of the project, revealed that the shantytown reform area covers an area of 13,000 square meters, which is originally a "hot potato" that cannot be dismantled or dismantled. In 2022, the government will take the lead in strengthening and renovating the 102 sets of shantytown-converted bungalows here through market-oriented operation and leasing them out as a whole.

  This is the wisdom of city governors. Between activating urban plates and transforming old urban areas, Dongsheng governors take a more open stance.

  New urban spaces are constantly being released, attracting new entrepreneurs like a sponge.

  The alley "Erduofu" is also a recent Internet celebrity neighborhood. Jia Qing, the project owner, said that this alley is located in the old city, which was originally dilapidated and full of dilapidated houses. In 2022, the government funded the renovation of hydropower roads and introduced market-oriented operations to revitalize. Currently, it has built traditional Chinese medicine centers, homestays, snack bars and other characteristic courtyards.

  The map of the core business district is also quietly changing.

  A second Wanda Plaza in Dongsheng is under construction and is expected to be topped out by the end of the year. A county-level city has two Wanda buildings at the same time, which is almost unparalleled in the north.

  According to the Dongsheng District government department, the project was finalized as early as the end of 2022, at the end of the epidemic, the domestic economic outlook is unknown, whether it is official or private, the public opinion is generally not optimistic.

  In the generally bearish atmosphere of the economy, Wanda bucked the trend and chose to go to the next city in the county-level city, which shows that it is absolutely optimistic about the Dongsheng market and the "buy buy buy" of Dongsheng people.

  "From the start of the project preparation, the Dongsheng district government set up a special class, and the main leader of the district served as the team leader to help us move forward with the project. The business department is dispatching the progress every week to help us solve the difficulties," said Wang Lijun, project owner of the second phase of Wanda Plaza in Ordos.

  "To attract projects and retain talents, the most important thing is to improve the quality of the city." Han Tao, head of Dongsheng District, introduced that in recent years, Dongsheng has accelerated the promotion of new urbanization with people as the core and focused on developing the living service industry.

  Innovative consumption scenarios and new business models drive consumption growth. Under a series of innovative measures by the local government, Dongsheng’s economic vitality is full of tension.

  From the consumption point of view, in the first quarter of this year, the total retail sales of social consumer goods in Dongsheng District reached 5.769 billion yuan, an increase of 6.7% year-on-year, ranking first in Ordos. According to the type of consumption, the retail sales of goods 5.139 billion yuan, an increase of 5.5% year-on-year; catering income 630 million yuan, an increase of 17.7% year-on-year.

  In terms of investment, fixed asset investment in Dongsheng District increased by 29.9% year-on-year in the first quarter. Among them, investment in the tertiary industry increased by 97.4% year-on-year, accounting for 73.4% of the total investment. In terms of breakdown, investment in real estate development increased by 151.4% year-on-year, investment in the social sector increased by 59.8% year-on-year, and private investment increased by 4.3% year-on-year, accounting for 60% of all investment.

  On March 27, Jiao Yun, a citizen, came to the Dongsheng District Government Service Center to apply for a self-employed business license. So far, the number of market entities in Dongsheng District has exceeded 100,000 households.

  Among them, there are 34,921 enterprises and 65,083 individual industrial and commercial households, accounting for 34.15% of the total market in Ordos City, becoming the first county-level city in Inner Mongolia with 100,000 surviving market entities.

  Compared with 2013, the number of market players in Dongsheng District has increased sixfold in the past 10 years.

  "This is the result of a comprehensive factor-oriented approach. There is room for expansion, in-place decentralization and management services, and optimization of the business environment. In short, the operators are optimistic about the government and the market." Wang Chenyu, deputy director of the Dongsheng District Government Service Bureau, believes.

  Han Tao, the head of Dongsheng District, told this story. "A commercial complex in the south came to Dongsheng for inspection and found a phenomenon. According to business rules and calculations, there are no more than 10 jewelry counters on the first floor of their shopping mall. In Dongsheng, there are 17. They said that this shows that your spending power is very strong."

  According to data, in 2022, the retail sales of gold, silver and jewelry in Dongsheng units above designated size will increase by 25.3%.

  In addition, in 2022, the per capita consumption expenditure of residents across the country was 24,538 yuan, a year-on-year decrease of 0.2%. The per capita consumption expenditure of urban permanent residents in Dongsheng District was 36,648 yuan, an increase of 0.2% year-on-year.

  In 2021, the national figure was 24,100 yuan and an increase of 12.6%, while Dongsheng was 36,575 yuan and an increase of 15.6%.

  Even under the influence of the epidemic, Dongsheng still maintained a stable and good spending power and willingness, becoming one of the few "growing" cities in Inner Mongolia at that time.

  Holding on to the strong wind, stabilizing its footing, and having its own climate, how can a small county-level town do it?

  This spring, a well-known retired veteran journalist in China visited Dongsheng. When he came to the Ordos Wildlife Park, he looked at the aquarium in the vast background unique to the northwest, and was "greatly shocked".

  On his personal social media account, he wrote, "Even being on the edge of a desert drought can’t stop the people of Dongsheng from yearning for the ocean."

  Understanding Dongsheng, Safari Park is a good perspective.

  In July 2012, Ordos Wildlife Park officially opened, from making ends meet to transforming into enterprises and turning losses into profits, from annual visitors 300,000 to the first scenic spot in Inner Mongolia with a single annual number of tourists exceeding one million, to the introduction of the first pair of giant pandas in the northwest, and the construction of the country’s largest animal viewing area and the Ordos Aquarium with the "largest scale, largest number and most complete categories in the northwest". Stories like "counterattack" are not uncommon in Dongsheng.

  Building an aquarium in the sand sea, from a cashmere sweater factory to a world-class cashmere town, perhaps it is with such wild romantic courage and decisive action that Dongsheng can accomplish many things that are almost "fantasy".

  On a bright spring day, with the Anji wheel full of more than 70,000 tons of Indonesian coal docked at Caofeidian Port, the import coal business of Dongsheng private enterprise Xinhe Resources set a number of firsts in its own history, such as the first time signing contracts with overseas suppliers in its own name, and applying for import licenses in the Ministry of Commerce in its own name for the first time. This also marks that Xinhe Resources imported coal purchases in the first quarter officially exceeded 1 million tons.

  Just four years ago, Xinhe Resources and its legal entity, Chen Bo, nearly went bankrupt.

  From the small boss of the Internet cafe to the coal boss with a net worth of over 100 million, Chen Bo has been immersed in the coal logistics industry for more than 20 years.

  Fortunately, until now, the company has finally embarked on the right track of steady growth, becoming "the largest one in Inner Mongolia in the coal logistics industry without coal mines", with sales revenue reaching 21.80 billion yuan in 2022.

  "Confidence is more expensive than gold, and I am the most typical kind of person. No matter what time, I always think that I can do it, and I will definitely be able to do it."

  "One thought, two efforts, three perseverance, equal to success", this is Chen Bo’s life creed. In fact, this is also a certain portrayal of Dongsheng’s spirit.

  "Double-digit" increases in urban vitality

  Over the years, Dongsheng has frequently appeared on the major strength rankings, and has continued to advance in a calm manner.

  In 2022, it will rank 18th in the "Top 100 Areas in Western China", 25th in the "Top 100 National Investment Potential Areas", and 45th in the "Top 100 National Comprehensive Strength Areas".

  Recently, the "China Municipal District High-Quality Development Report 2023" was released, ranking Dongsheng 56th among the top 100 high-quality development districts in 2023 (prefecture-level city districts), an increase of three places from 2022.

  When more and more young people return from Beijing, Shanghai and Guangzhou, when the streets of teahouses and wine shops are full of fireworks, and when more invisible champions appear here, this small northern city deserves a good look.

  What is Dongsheng, we must go back to the depths of time to find the answer. Through those ups and downs of the past, we can clarify the thrilling history of a little-known northern town in the annals of China’s economic history.

  In the early days of the founding of New China, our country’s agriculture accounted for a relatively high proportion, and its industry and service industry were relatively weak. Dongsheng, located in the northwest corner, is located at the highest point of the Ordos Plateau, with poor soil and droughts for ten years.

  Statistics record that in 1962, the GDP of Dongsheng region was only 6.75 million yuan.

  After the reform and opening up, a number of private enterprises have been enjoying the spring breeze, growing and rising, opening a new chapter in the region’s rapid development.

  As is known to all, Ordos first became prosperous because of coal, but that was a later story.

  In 1979, in Dongsheng, a company called Ikzhaomeng cashmere sweater factory imported technology, equipment and management from Japan by way of compensation trade, and deducted the price of equipment with product discounts.

  This is the first foreign investment project in Inner Mongolia.

  In an era when people were still talking about whether a company should have a "public" or a "private" surname, Dongsheng has begun to explore the introduction of foreign capital, becoming the starting point of Inner Mongolia’s exploration of reform and opening up.

  In 1991, the proportion of Dongsheng’s three industries was 5.7:69.6:24.7; by 2005, the regional GDP exceeded the 10 billion mark and achieved 13.60 billion yuan.

  In the midst of China’s urbanization wave, Dongsheng directly skipped the confusion and loneliness of ordinary small counties and confronted the sudden wealth and opportunities.

  First, in the late 20th century, the Ordos Group, with its large-scale production lines, high-density manpower, and entire industrial chain, promoted the development of local commerce, transportation, and manufacturing, and laid the foundation for the industrialization of Dongsheng and the socialization of consumer services.

  Then in the 21st century, the entire Ordos rapidly rose due to coal resources, and the per capita GDP once surpassed that of Hong Kong. As the political, economic, cultural and educational, population and transportation center at that time, Dongsheng once became a hot spot for coal mining and selling and real estate bursting.

  At that time, restlessness and composure intertwined, gambling and rationality coexisted, and two sides of the coin appeared in this land.

  On the one hand, a group of powerful private energy groups such as Yitai and Ordos Group began to emerge, writing down the entrepreneurial genes of bravery and tenacity in the city; Dongsheng’s rulers tried their best to avoid the "resource curse", taking advantage of the high coal price to lay out the manufacturing industry, and introduced automobile and precision manufacturing industries in large quantities, laying the foundation for Dongsheng’s industrial scale and quality. Since then, business and the development of manufacturing have become topics that Dongsheng cannot avoid.

  On the other hand, the concentration of wealth, the surge of hot money, and the soaring consumption and purchasing power of local residents have brought large-scale urban construction and renewal to Dongsheng, shaping the urban framework, and the modern service industry has flourished rapidly.

  Around 2016, Dongsheng GDP fell from 94.27 billion yuan to 69.18 billion yuan, equivalent to 2010.

  The big waves wash the sand, the glitz dissipates, and the loss and gain of Dongsheng develop in time.

  The Dongsheng people who have settled down reflect on the past, think about the future, and start the "third business" with a smile.

  Spotting opportunities is important, but seizing them is even more important.

  Throughout the history of Dongsheng’s development, at many important junctures, Dongsheng has been able to seize opportunities and take the lead.

  Taking the manufacturing industry as an example, in the early stage of the "Eleventh Five-Year Plan", Dongsheng, which was making rapid progress in the industrial boom led by large coal and large coal power, took a long-term view and put forward the idea of transformation and development earlier in Inner Mongolia, and decided to plan and build a non-coal industrial base.

  After more than a decade, the Ordos Equipment Manufacturing Industrial Park, which is based on five industrial chains of automobile and parts manufacturing, energy equipment manufacturing, electronic product manufacturing, energy conservation and environmental protection, and new materials, has become a bridgehead for Dongsheng’s emerging industries. Equipment manufacturing accounts for 31% of industrial output value, and the main economic indicators of the park rank among the top in Ordos Industrial Park.

  According to the Federation of Passengers, Chery’s wholesale volume reached 118,548 vehicles in April this year, an increase of 120.4% year-on-year. It ranked third in the entire ranking, after BYD and FAW-Volkswagen.

  In the context of the downturn in the domestic auto market, Chery’s countertrend is due to Dongsheng. Among Chery’s 9 production bases, Chery Ordos is the most large-scale base.

  In other factories, ZTE Special Auto, Zhuzhou Times Windmill Blade, BOE, etc. are all industry leaders and invisible champions.

  With Chery’s new energy vehicles, CRRC Group wind turbines, BOE electronic display screens and other early projects established a solid foundation, in recent years, under the pace of building a world-class new energy industry in Ordos, Dongsheng has accelerated the introduction of a number of upstream and downstream supporting extended chain, supplementary chain, strong chain projects, and successively introduced a number of key new energy projects such as Lanhe Intelligent and JA Photovoltaic Industry Chain Project.

  Therefore, in Dongsheng, the new energy heavy truck industry chain, the wind industry chain, and the energy storage industry chain continue to grow and expand, showing a trend of integration, promoting the development of industrial clusters.

  "The electronic display devices, complete vehicles, and key auto parts of the equipment manufacturing industrial park initially constitute the foreign trade framework of the Ordos High-tech Zone." *******, director of the Investment Promotion Bureau of the Ordos High-tech Zone, introduced that in 2022, the High-tech Zone will produce 87.05 million electronic display screens, 98,556 passenger cars, and 2,755 special vehicles. The products are mainly sold to Iran, Brazil, Belarus, Mongolia, South Korea and other countries. Among them, Yuansheng Optoelectronics’s total import and export volume exceeded 700 million US dollars last year, and the total import and export volume ranked first in Ordos.

  Emerging industries are on the rise, and traditional industries are also constantly being reborn.

  After more than a decade of technological research, Ordos Group has recently overcome the problems of uneven dyeing, rough finished products, and fading in washing when applying the "sky dyeing" process to cashmere products, becoming the only company in the industry to achieve batch application of the "sky dyeing" process on cashmere products.

  "Sky dye" has a history of thousands of years in our country. With the rise of the chemical industry, it has faded out of the mainstream for 150 years. "At present, natural material cashmere products have been industrialized in our brand ‘1980 ‘, and the chromatographic range of natural dye cashmere products will be further expanded in the future," said Jin Yongle, manager of the new product research department of the technology center of Ordos Resources joint stock company.

  In 2022, the R & D investment of Ordos Group exceeded 100 million yuan, accounting for 4% of sales revenue. In addition, the "China 500 Most Valuable Brands" was released in 2022, and the Ordos brand ranked first in the textile and garment industry for 16 consecutive years, ranking 51st with a brand value of 150.675 billion yuan.

  The cashmere industry is Dongsheng’s characteristic industry. The cashmere production accounts for 14% of the country and 10% of the world. The famous Ordos brand "Warm the World" is in Dongsheng. In 2022, Ordos was awarded the title of "China’s Velvet Capital". To some extent, the core of Velvet is Dongsheng.

  From July 21 to 23, the "6th China (Ordos) International Cashmere and Wool Exhibition" will be held in Dongsheng. According to the organizers, this exhibition will further expand international cooperation and comprehensively demonstrate the strength of Ordos to build a world-class cashmere industry.

  "We have industry leaders like BOE, Chery, JA Technology and CRRC, as well as companies with great development potential and good market prospects like Longtong Carbon Fiber, Shanhe Juding Intelligent Manufacturing, Yingfeng Automobile, Jiuke Environmental Protection, ZTE Special Auto, Ruilong Automotive Power, etc. At the same time, we also attach great importance to project reserves. Focusing on leading industries, we have currently reserved more than 100 projects, laying a solid foundation for the next development." Han Tao said.

  Data show that in 2022, Dongsheng signed 107 projects, the total investment of the agreement was 179.50 billion yuan, 258 key projects were implemented, and the investment was 11.70 billion yuan. The five industrial chains of automobile and parts manufacturing, energy equipment manufacturing, electronic product manufacturing, energy conservation and environmental protection and new materials were basically formed, and the annual output value exceeded 20 billion yuan.

  In 2023, Dongsheng District will attract investment as a "first-in-command" project, continue to fight for projects and investment, and focus on precision. Recently, the "Dongsheng District Investment Promotion Three-Year (2023-2025) Action Plan" was issued, which clarified the development direction of the key industrial chain, key investment areas, and what industries to recruit? Where to recruit? With the action plan, investment promotion personnel can follow the map, quickly determine the target enterprises, and achieve accurate investment, and also allow enterprises to settle in Dongsheng District. The prospects are clear at a glance.

  According to the latest statistics, from January to April, there were 221 statistical fixed asset investment projects in Dongsheng District, and the investment amount increased by 47.9% year-on-year. Among them, the investment in the secondary industry increased by 23.2% year-on-year, accounting for 39% of the total investment amount; the investment in the tertiary industry increased by 70.9% year-on-year, accounting for 61% of the total investment amount.

  In particular, industrial investment has a significant role in driving, with investment in manufacturing growing at a high speed. From January to April, industrial investment increased by 17.5% year-on-year, accounting for 40.3% of fixed asset investment. Among them, investment in manufacturing increased by 134.6% year-on-year, accounting for 27% of fixed asset investment and 67% of industrial investment. Investment in large projects over 100 million yuan increased by 7.6% year-on-year, and private fixed asset investment increased by 20.2% year-on-year, accounting for 59% of fixed asset investment.

  Double-digit or even triple-digit increases in these indicators are enough to make first-line and coastal regions envious. At a time when confidence is comparable to gold, Dongsheng can be called fertile soil worth trusting.

  City of "people"

  As the Italian writer Calvino wrote in "Invisible Cities," "What you like about a city is not its seven or seventy wonders, but its answers to your questions."

  Let the residents have their place and everyone have their own place, which is the ultimate pursuit of Dongsheng.

  Recently, the 24 "warm city e-stations" that have just been put into use have gradually opened up a situation among the groups of takeaway brothers, couriers, and cleaners.

  In the room of more than 100 square meters, water dispensers, mobile phone charging equipment, first aid kits, microwave ovens and other supplies are readily available, and many people wearing work clothes come and go.

  "We work for a long time every day, and sometimes we are really anxious when our mobile phones are out of power. Now we have a’warm city e-station ‘, so you can come and charge and rest at any time. There is a microwave oven here, and you can eat a hot meal when you are in a hurry," said Hu Yanhui, a courier.

  This year, on the basis of the 24 completed, 46 "warm city e-stations" will be put into use one after another.

  Guo Liu is a well-known craftsman who has been supporting his family by setting up small stalls for more than 20 years. Recently, the chengguan has planned a new place for him and other vendors to set up stalls, not too far from their original location, but also to rectify the street.

  This year, Dongsheng plans to set up more than 800 stalls in 12 convenience small and micro markets, providing free business venues for flexible workers. Citizens only need to register through the WeChat Mini Program "Smart Convenience Stall" to apply for booths.

  Historically, China has gone through the earliest engineering city building, and then the industrial city building, and now it has ushered in a new stage – focusing on the activities of people in the city.

  This year, Dongsheng District plans to implement 49 old community renovation projects, about 499,000 square meters, benefiting 4745 households, the current project has been started one after another, all renovation projects are scheduled to be completed in November.

  In order to speed up the resolution of outstanding contradictions reported by the masses in residential areas, Dongsheng District has also launched a centralized rectification action for legacy problems in residential areas, targeting areas with outstanding problems such as fire protection, heating, gas supply, waterproofing and insulation, water supply and drainage, damage to residential and surrounding municipal roads, and difficulty in charging new energy. It is planned to complete the centralized rectification of 368 residential areas within two years. In 2023, 188 residential areas with relatively many rectification problems and prominent contradictions are planned, and in 2024, 180 residential areas with relatively few rectification problems are planned.

  Whether it is Zibo, which is on fire during the "May Day" holiday, or Anji, Zhejiang, which is out of the circle with small town cafes, it is ordinary people who live seriously and operate honestly that bring soul and vitality to the city. This atmosphere and value is the "city temperature".

  In Dongsheng, let small stalls bid farewell to guerrilla warfare and live with dignity, which is its unique urban temperature and permeates the government’s detailed management skills.

  Every month, the regional administrator will rate the stall owner’s hygiene, compliance, environmental protection, etc. If it is lower than 60 points, the stall owner will enter the "blacklist", and will not be allowed to apply for a stall in this area for three months. If the monthly test score is full, the stall can be selected first.

  "We organically combine rigid law enforcement with humanized services to continuously increase the temperature of the city and make our city more smoky," said Liu Peng, an instructor at the Tianjiao branch of the Dongsheng District Urban Management Comprehensive Administrative Law Enforcement Bureau.

  In recent years, Ordos City has proposed the concept of building a "warm city". As the main urban area and a quarter of the city’s population, Dongsheng has comprehensively improved urban management, administrative efficiency, convenience services, community transformation, and people’s livelihood benefits around the word "warm". It can be said that it has made great efforts.

  At the same time as becoming a "warm city", Dongsheng also wants to become a city that "comes and doesn’t want to leave".

  Gao Yidong, party secretary of the Ordos High-tech Industrial Development Zone and party secretary of Dongsheng District, said, "We put talents in the shining’C ‘position with the mind of all rivers, the enthusiasm for seeking talents, and the feelings of waiting for positions. Let talents and the city go in both directions and move forward hand in hand."

  On March 24th, the 2023 "Looking for City Partners" investment promotion and "Invitation to Warm City, Introduce Talents to Win" financial empowered talent innovation and entrepreneurship event was held in Dongsheng.

  18 venture capital institutions and Financial Institution Group have provided financial support of 1.345 billion yuan to 37 enterprises, benefiting more than 300 innovative entrepreneurs of all kinds.

  At the same time, it took the lead in launching "talent loan, talent investment, and talent insurance" in the autonomous region, with contracted funds reaching 1.345 billion yuan, injecting financial vitality into high-level talents and their enterprises.

  Since 2020, the three sessions of "Looking for City Partners" have attracted 236 projects and signed 40 projects; 12 talent teams have been introduced, including 63 high-level talents and high-tech talents; the signing intention amount is 4.414 billion yuan, which has become the "engine" of local talent recruitment.

  On March 24, Yin Anli signed a strategic cooperation agreement with the government and officially became Dongsheng’s "city partner". "The biggest significance is that the government can give preferential policies for corporate loans, reduce the cost of setting up enterprises, and stay in the local area for a long time," Yin Lian said.

  The benefits of "partner" are being unleashed.

  Bi Shujie, chairperson of Inner Mongolia Chundian Holding Group, said that in the past three years, three teams of experts from the Chinese Academy of Sciences and universities and more than 40 high-level talents have been introduced, and breakthroughs have been made in sea buckthorn seedling cultivation and product development.

  A city should really attract and retain people, and be better at doing warm things. This requires attention to the shaping of cultural temperament and the optimization and upgrading of the soft environment.

  As of the first quarter of 2023, Dongsheng has issued "talent service cards" to 115 outstanding talents, integrated with the citizen card, and provided refined services in 10 aspects such as medical treatment, children’s schooling, book lending, leisure and fitness; solved the problem of children’s schooling for 60 outstanding talents, and used public rental housing, talent apartments, and talent hotels to solve housing difficulties for more than 200 talents.

  At present, on the basis of the "30 New Talent Deals" in Ordos City, Dongsheng has formed a package of policies and measures such as "15 New Talent Deals", "Shengdu Gathering Talents" project, "Invitation to Warm City · Introduce Talents to Win" special project action, "Find City Partners", etc., to ensure that all kinds of talents "live in apartments, have platforms, create funds, have insurance, have medical consultants, and have education", and completely relieve the worries of talent officers to start a business.

  "Whether it is the party and government building, the street community, the vegetable market, Zhejiang dialect, Fujian dialect, Sichuan dialect, all over the world, there are many southerners who start families here," said Zhao Yueyang, executive deputy director of the organization department of the Dongsheng District Party Committee.

  No matter whether it is a technical expert who has graduated from a college or university, a college student who has just entered the society, or an entrepreneurial young person with a project and dream, they can all find their personal coordinates in Dongsheng’s talent "map".

  Where there is a city, there are people, and where there are people, there are contradictions. The previous national borrowing and real estate bubbles left a lot of "bad debts" for Dongsheng citizens. In this context, social governance highly tests the wisdom of the government.

  Judging from the "Chang’an Cup", National Civilized City, National Sanitary City and other honors that have been in the bag over the years, Dongsheng has "done a good job".

  In recent years, Dongsheng District has established a multi-resolution mechanism for contradictions and disputes, exploring the "three-adjustment and three-reduction" work method of "street community negotiation and adjustment, social organization warm adjustment, judicial department pre-litigation adjustment, reducing the burden of ordinary people’s lawsuits, reducing the fatigue of judges, and reducing the waste of social resources". In 2022, a one-stop multi-resolution center for contradictions and disputes was built, achieving a one-stop resolution of disputes with "one entry, one window acceptance, full response, and immediate action". In 2022, the center accepted a total of 5,592 contradictions and disputes and resolved 3,702 cases. Conflicts and disputes were basically resolved in the district.

  Meeting the needs of the people is the "root" of social governance in the city. "Our people’s livelihood work is more about starting from a small place, not only solving problems on the point, but also advancing systematically," Han Tao said.

  Facing entrepreneurs and ordinary people, Dongsheng allows "power to be released to the grassroots, people to the grassroots, and money to be invested in the grassroots", forming a city-wide social governance pattern of joint debugging of contradictions and disputes, joint prevention of social security, joint handling of emergencies, joint governance of key issues, joint management of special groups, joint management of service management, joint creation of grass-roots peace, and joint solution of people’s livelihood problems. To solve their real needs such as life outlet, living space, transportation, treatment and elderly care, urban temperature has both the components of humanistic petty bourgeoisie and the bottom line of people’s livelihood security.

  In addition to doing human work, Dongsheng also takes animal affairs seriously.

  To some extent, how one treats animals can better reveal the quality of a person. The same is true for a city.

  In recent years, Ordos Wildlife Park has received 305 requests for animal rescue, and has gone to Ordos, Yinchuan, Hohhot, Baotou, Bayannaoer and other surrounding areas to rescue more than 1,000 animals (138 species).

  Since the opening of the Ordos Aquarium in 2018, a total of 12 species of aquatic wild animals and more than 30 tails (only) have been rescued. Most of the rescue areas are in various flag areas of Ordos City, covering surrounding cities including Hohhot City, Wuhai City, Alxa League and other places.

  With the expansion of "business", on February 22, the only aquatic wildlife rescue agency in the autonomous region, the Inner Mongolia Autonomous Region Aquatic Wildlife Rescue Station, was listed in Dongsheng.

  Dongsheng always has a warm heart towards people, himself and all things in nature.

  Summer new in the cuckoo.

  Reality has proved that the "decentralized" logic of the city has been subverted. People are more eager to return to the essence of spiritual resonance and the return of unadorned value. Dongsheng, which wins with sincerity, is perfectly in line with such changes in demand.

  Not only to provide order, stability and security, but also to show more diversity, humanization, innovation, tolerance and other multi-value, small town Dongsheng, is interpreting what is the Chinese path to modernization and Chinese confidence.

  (Transferred from Xinhua News Agency client side)

Peak Dialogue: Zhou Xingchi Exposes His Favorite Shu Qi, Ma Yun Supports Feng Xiaogang


Jack Ma, Stephen Chow, Wang Zhonglei

Video: Zhou Xingchi wants to invite Ma Yun to play Sun Wukong, joking that he has no chance to get married when he is old


    Movie Network News(Text/Li Chao) The film starring Shu Qi, Article and Huang Bo will be released on the first day of the new year on February 10. On January 4, the film director Zhou Xingchi held a "peak dialogue" with Alibaba founder Jack Ma at the Communication University of China.

    During the conversation, Zhou Xingchi said that his current work focus is mainly on being a director, and he revealed that Shu Qi is the favorite among Chinese actresses. Ma Yun, the second largest shareholder of Huayi Brothers Media Group, expressed that he is not concerned about the box office problem, and supported Feng Xiaogang, praising that the box office did not meet expectations as a good work in the history of Chinese film.


The two hit it off


Ma Yun taught Zhou Xingchi to play Tai Chi on the spot
 

Zhou Xingchi prefers creative desire to concentrate on being a director, saying that Chinese actresses love Shu Qi the most

    The theme of the dialogue that day was "Imagination in the wild". Zhou Xingchi and Ma Yun explained to the 1,500 college students present the secrets of success in the film industry and business world in four aspects: "dream", "team", "persistence" and "imagination". Referring to his dream, Zhou Xingchi said: "I can’t be an entrepreneur, but my interest in creation has not diminished. Whether it is an entrepreneur, whether it is making a movie, or talking about creativity, first have a good idea, and then have the ability to execute it and realize it."

    In "Journey to the West: Conquering Demons", Stephen Chow gave up his chance to star in the film and instead retreated to the background to focus on directing. In response, Xing Ye first praised Huang Bo, who played Sun Wukong in the film, for being better than himself. He also laughed and said that he was "old and running out of time." He did not act in order to make the film better. At the same time, Zhou Xingchi also told college students about his insistence on making movies: "Making movies is too complicated. I hope the music can be better, the special effects can be better, the picture can be better, 3D can be better. If everything can be a little better, it may add up to a lot better. Someone asked me if it is necessary to insist on such a little bit of things? But I think it is still necessary."

    At that year’s "Journey to the West" was widely spread by college students on the Internet and became a classic. During the event, "Zixia", the BBS moderator who took the lead in "interpreting big words", also appeared to express his admiration to Zhou Xingchi and Ma Yun. Other college students present were also very enthusiastic. During the question-and-answer session, some students asked Zhou Xingchi who his favorite actress was. Xing Ye said generously: "If it is a Chinese actress, I think Shu Qi is very good." The scene exploded with screams.

Next page:Ma Yun opposes "box office success or failure theory" and supports Feng Xiaogang’s praise

Gemini Man’s China press conference Ang Lee builds the most expensive actor.

On October 14th, the film "Gemini Man" held a huge China press conference in Shanghai. Not only did the film director Ang Lee, producer Jerry Bruckheimer and starring will smith all appear, but also the film’s heavyweight guest, young Will Smith Junior with special effects, came to the scene in a special way.

This is a digital character created by Ang Lee through special effects in movies, which can be called "the most expensive actor in Hollywood" and also the most painstaking role of Ang Lee. At the scene, Ang Lee also revealed that in fact, after he made a tiger with special effects from The Fantasy Drifting of Pi, he came up with the idea of creating "people". In order to make Junior look more real, Ang Lee not only watched the images of Will when he was young, but also studied Will’s face with a magnification of 6,000 times, and learned every detail by heart, which also made Ang Lee confidently say, "I know his face better than his mother. “

The production process is difficult, and will’s acting is not easy. It is reported that Junior is based on motion capture technology, which requires Will to play Junior from beginning to end. As a n experienced person, it’s so difficult to go back and play an ignorant young man that director Ang Lee can’t help feeling, "This is not through what you say, but through your eyes, so you should get rid of the sense of maturity and leave a sense of innocence. It is even more difficult to play a virgin if you are not a virgin. " While talking, I also asked Will to demonstrate on the spot, such as how to play the difference between a virgin and a virgin. Will’s vivid performance made everyone laugh, and the atmosphere was very happy.

Zoom in 6000 times and study Will’s face.

Ang Lee is confident: he knows better than his own mother.

On that day, the most important guest was 23-year-old Will Smith Junior, a fully digital character created by Ang Lee with 100% special effects. In order to win the trust of the audience, Ang Lee watched almost all the images of Will when he was young. "We magnified his face 6,000 times. I dare not say anything in life, but when it comes to face, I know more about it than his biological mother." Will, who met Junior for the first time, admitted that he was scared by the truth of Junior, a special effects person, and was "completely shocked and surprised".

It is a difficulty that the industry doesn’t want to touch to change into a real person on the big screen. Ang Lee also admitted that "this is the most difficult difficulty in special effects, and it takes a lot of money and effort this time." He even revealed that Junior is very expensive, two or three times more expensive than Will Smith, and can be regarded as the most expensive actor in Hollywood.

Will Smith succeeded in Ang Lee, idolize

"Working with him is my lifelong dream."

As early as 2013, Will Smith called Ang Lee for cooperation from a distance, and idolize’s dream finally came true for many years, which also made Will Smith unable to help but feel, "Working with Ang Lee is my lifelong dream, and it has finally come true this time." The excitement is beyond words, and he is a idolize teenager, very cute.

So how did the two cooperate this time? On-site Will revealed that director Ang Lee got rid of him with a phone call. "Ang Lee called me, and I didn’t listen to what I was going to play on the phone, so I said yes! yes! ",said more, there are some directors in this world, you don’t need any reason, at his name will be promised. Ang Lee also said that the chemical reaction between the two was very good. He bluntly said, "He is not only an excellent actor, but also a big star. I am very moved by his willingness to invest unconditionally."

Playing the innocence of young people "stumps" Will.

Demonstrate how a virgin walks on the spot

Of course, the "cost" behind Will’s success in Ang Lee, idolize is not small. "Gemini Man" can be said to be the most challenging performance of Will since he started filming. He wants to play himself at the same time at two different ages, one is a mature and steady middle-aged man and the other is a young man. Will also said that the most difficult thing this time is to perform two people’s different eyes. "Different people have different eyes. How to convey the young and ignorant state with their eyes is the most difficult thing to grasp."

Ang Lee also stamped Will, which is not easy this time. "As a n experienced person, you should remove the sense of maturity from your eyes and perform innocence. It is really difficult to play a virgin without being a virgin. " Will, who was visited by Ang Lee cue, demonstrated the different ways of walking between virgins and non-virgins, and the performance in place made everyone laugh and admired the powerful actor.

The layout of the scene on that day was also very innovative, and the crisscross of blue and red colors complemented the brilliance of BFC Bund Financial Center. At the red carpet scene at night, many mirrors were put in a more ingenious way. It turns out that the killer played by Will Smith in the movie is afraid to look in the mirror and face himself. But that night, when he walked down the red carpet, he shined in front of the mirror, and the charm of the big star came to his face. Other guests present also signed their names in front of the mirror, and everyone saw their second self in the mirror, echoing the theme of "Gemini". The film Gemini Man will be shown nationwide on October 18th.

"There is a life called Yunnan" leads the new fashion.

  The second meeting of the 14th People’s Congress of Yunnan Province was held recently in Kunming. Wang Yubo, governor of Yunnan Province, said in the government work report that in 2023, Yunnan paid close attention to the rectification of the tourism market order and the improvement of service quality, and added two national demonstration zones for the integration of cultural industry and tourism industry. The cultural landscape of Jingmai Mountain ancient tea forest was successfully applied for, and "there is a life called Yunnan" led the new fashion of tourism development and promoted the high-quality transformation and upgrading of the cultural tourism industry. In 2023, Yunnan received 1.042 billion tourists and the total tourism revenue reached 1.44 trillion yuan.

  The report makes it clear that in 2024, Yunnan will carry out the "six actions" of high-quality tourism development, continuously standardize market order, build "two lines, one belt and one district" and accelerate the cultivation of world-class tourist attractions and resorts. Create an upgraded version of rural tourism, build the most beautiful homesickness tourism belt, and cultivate a number of demonstration sites for the integration of agricultural, cultural and tourism. Improve the brand communication matrix of "There is a life called Yunnan". More than 200 high-level cultural tourism and sports investment projects were launched, 120 new business enterprises and 10 travel agencies with operating income exceeding 100 million yuan were added. The total tourism revenue exceeded 1.5 trillion yuan.

  It is also known that in 2023, Yunnan held a conference on the high-quality development of tourism in the whole province, and issued documents such as "Three-year Action for Building a Strong Cultural and Tourism Province in Yunnan (2023-2025)" and "Several Work Measures for Strengthening the Order of the Tourism Market", and implemented a three-year action plan for rural tourism to boost rural revitalization, and carried out a hundred-day action to rectify the order of the tourism market to promote the overall improvement of the tourism market order.(Yang Yunuo) 

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.