标签： 广州私人品茶

On September 22, 2024, Changan Qiyuan’s new medium and large-scale high-end intelligent electric SUV – Qiyuan E07 officially opened for pre-sale. The new car is based on the Changan SDA platform architecture and provides two power systems: pure electric and range extension. The new car will be launched according to the configuration of a total of 3 models, and the pre-sale price range is 24.99-31 9,900 yuan. Officials said that the new car is planned to start mass production in October and be officially launched within the year.

Qiyuan E07 is based on the Changan SDA platform architecture, positioning medium and large high-end intelligent electric SUV. In terms of appearance, the new car adopts the popular closed front face design, the through-ring light strip is very eye-catching, and the lower surround adopts a blackened design, which increases the sense of hierarchy. With the design of diversion grooves on the left and right sides, it enhances the sense of movement. It is worth mentioning that Qiyuan E07 can also be equipped with an optional lidar and integrated into the front of the car.

The side adopts an obvious crossover style. Visually, the E07 whole car presents a subtle symmetrical balance. The roof is equipped with a practical luggage rack, the rear is equipped with a large coupe-style design, and the trunk is fully opened, which can realize a variety of shape switching, making it convenient to pick and place luggage/goods. In terms of body size, the length, width and height of the new car are 5045/1996/1695mm, and the wheelbase is 3120mm.

At the rear of the car, the new car uses a circular light strip design + a horizontal strip light group design, which echoes the front of the car. The tail design is very simple, and a large number of horizontal lines are designed, which also makes the tail look very layered.

The most striking aspect of the Qiyuan E07’s appearance is the deformable design of the rear. Compared with traditional SUVs, the C-pillar to D-pillar of the new car are covered with a large area of glass, and the rear windshield can be retractable to form a pickup cargo box.

And the second row of seats can also be fully connected to the cargo box, and the open length of the flat back door is extended to 2.5 meters, which can realize a comfortable reclining in the rear cabin. Users can easily create a luxury queen bed room for the whole car: the total length of the flat seat is nearly 3 meters, and the open length of the flat back door is extended to 3.5 meters.

In terms of interior, the new car adopts the popular large-screen + wrapping cockpit design, which is very simple as a whole. The steering wheel adopts a three-frame design, and the multi-functional area of the steering wheel adopts a button + roller design. It is also equipped with a 15.4-inch sunflower screen. The co-pilot is also equipped with a 16:9 high definition entertainment screen. In terms of materials, Qiyuan E07 uses a large number of soft coatings to improve the overall texture.

In terms of smart driving, Qiyuan E07 is the first model in Changan to officially enter the field of end-to-end large-model smart driving. The new car is equipped with a high-speed intelligent pilot assistance system, which can quickly judge lane change to high traffic efficiency lane, autonomously surpass slow cars, identify obstacles in advance and take the initiative to change lanes, and laterally move away from the car. In addition, Qiyuan E07 will also launch the industry’s only remote parking integration function in December 2024 through OTA, allowing users to activate remote parking, parking and moving functions through the mobile APP with one click.

In terms of configuration, the front row has double zero gravity seats, with electric adjustment, memory, ventilation, heating, massage and other functions; at the same time, it is equipped with a high definition AR-HUD system, up to 18 speakers (with independent power amplifier) sound system, 256 color soft light ambient light, mixed fragrance system, and four electric suction functions.

In addition, there is also a screen above the co-pilot, which is located in the position of the sun visor. After turning it down, it can be used. This way avoids the reflection caused by direct sunlight and can better prolong the use time of the screen.

In terms of safety, the Changan Qiyuan E07 adopts a new generation of safety body design. The proportion of high-strength steel and aluminum alloy is more than 90%. The key parts such as the front cover and the car body are made of all-aluminum alloy, which greatly enhances the durability and safety of the vehicle. In addition, the new car comes standard with 9 airbags and high-end auxiliary driving.

In terms of space, the 3120mm wheelbase brings enough rear legroom, and in terms of storage, there will be two relatively large hidden storage compartments after the front and rear seat cushions. Officials said that electric machinery equipment is also expected to be added in the future.

In terms of power system, Qiyuan E07 provides both pure electric and range extension power, of which the range extension version is equipped with a 1.5T range extender, with a maximum power of 105kW and a motor peak power of 231kW. In terms of battery life, the new car is equipped with a 39kWh battery pack, with a pure electric range of 200km (CLTC operating conditions).

The pure electric version also offers two-wheel drive and four-wheel drive versions. The maximum output power of the two-wheel drive version is 252kW and 165kW depending on the power, and the maximum speed can reach 201 kilometers per hour. The four-wheel drive version adopts a front and rear dual motor layout, with a front motor power of 188kW and a rear motor power of 252kW, up to 440kW, and a maximum speed of 210 kilometers per hour.

In addition, the Qiyuan E07 is also equipped with a CDC + air spring intelligent magic carpet suspension, with a body height adjustment range of 90mm, a ground clearance of up to 217mm, and a maximum wading depth of up to 600mm. The trunk can dynamically load 300kg.

On April 10th, the brand-new BYD Han series was officially launched. The new cars are divided into three series according to the power type, among which there are three models in EV Chuangshi Edition, and the price range after comprehensive subsidy is 269,800 to 288,600 yuan. In addition, there is a limited edition of Qian Shan Cui, which sells for 329,800 yuan. There are 4 DM-i versions, and the price range after comprehensive subsidy is 215,800 to 289,800 yuan; Finally, there is one DM-p version with a price of 319,800 yuan. At this point, BYD’s "Dynasty" series finally achieved DM-i full coverage.

At the same time, BYD also announced the listing rights of new cars, including the lifetime warranty of non-operating vehicles (the first owner), the replacement subsidy of 4,000 yuan, free car replacement, free airport parking, free installation of charging piles for the first owner, and 2 years of free car traffic (5GB/ month).

■　EV Edition: A More Powerful New Big Man

Regarding the static introduction of the new Han EV, you can watch the video analysis we made before, and refine the differences between several new versions and the previous generation Han EV in design and modeling.

The first is the fine-tuning of the size. Compared with the previous version, the new BYD Han EV is 15mm longer, while the width, height and wheelbase remain the same. Therefore, although the new Han has become bigger, it is not obvious from the body shape. However, on the other hand, the captain of 4995mm can still enhance the competitiveness of the new Han EV in the same level market.

Secondly, the power has become stronger, especially its front motor, the maximum power is 180kW, and the peak torque can reach 350Nm, which is obviously improved compared with the previous generation of Han EV, while the rear electric drive parameters of the dual-motor four-wheel drive version have not changed, and its comprehensive maximum output is 380kW, and the comprehensive peak torque can reach 700Nm.

The third is the increase of endurance. With the blade battery of 85.4kWh, the new Han EV has a cruising range of 610km and 715km under CLTC comprehensive working conditions, even at the lowest level, it runs farther than the super-long endurance version of the previous generation Han EV.

In addition, it is worth noting that at present, many large and medium-sized pure electric cars with endurance of 700km or more on the market have battery capacities ranging from 90kWh to 100kWh, but the brand-new Han EV can achieve the same effect only by being equipped with 85.4kWh battery pack. It must be said that BYD still has deep technical reserves in the three-power technology.

In the intelligent part, the new Han EV is mainly upgraded on DiPilot intelligent driver assistance system. The new car will be equipped with 22 sensing components, and at the same time, it will add functions such as highway driving assistance and emergency avoidance assistance, which can better provide accurate and efficient help for drivers.

In terms of intelligent cockpit, the new Han EV will be equipped with DiLink 4.0 intelligent network connection system as standard, as well as high-end configurations and functions such as 5G quick connection, dual-frequency positioning, four-tone voice interaction, HiFi-level customized Tanner audio, W-HUD head-up display, DMS fatigue driving warning system, etc., and at the same time support remote upgrade of OTA of the whole vehicle.

In the new Han EV series, there is also a limited edition of Qian Shan Cui, which not only has an exclusive green color scheme, but also has exclusive configurations and interior and exterior decoration kits such as high-grade suede seats, sports interior kits, UWB digital keys and high-performance stone green four-piston pliers. In terms of power, the power system of this model is the same as the "610KM four-wheel drive exclusive type" of the conventional Genesis version.

■　How to choose the new Han EV?

Among the four models, which version of the new Han EV has the highest cost performance? First of all, from the power point of view, the new Han EV can be regarded as two single-motor front-wheel drive models and two-motor four-wheel drive models, so if consumers need four-wheel drive systems, they can only choose from the "610KM four-wheel drive exclusive model" of 288,600 yuan, and if there are higher requirements for battery life, I think the "715KM distinguished model" is completely sufficient.

Because as the basic model of the new Han EV, its configuration itself is rich enough, and it can meet most of the daily needs in terms of quality and experience, and even a little surprise.

Of course, the entry level is not the most comprehensive in terms of intelligent driving assistance. If there are high requirements for this part of the configuration, I suggest choosing the "715KM flagship type" because there is not much difference between it and the "four-wheel drive exclusive type" in terms of driving assistance configuration, and the price is only 17,700 yuan more expensive than the entry level, which is still relatively cost-effective.

■　DM-i/p Edition: The Strongest "Chinese"

For the static introduction of the new Han DM-i, you can click on the video to analyze and watch it. As for the DM-p version, there is no obvious difference between it and the new Chinese DM-i version in appearance and interior design, but it has improved its power performance, and it is also the most powerful version of the new Chinese system.

The power system of the new Han DM-i/p version consists of Xiaoyun-Plug-in special turbocharged 1.5Ti high-efficiency engine and driving motor, in which the maximum power of the engine is 102kW and the peak torque is 231Nm；. In the driving motor part, the DM-i version will be equipped with a front single motor and two parameter versions, while the DM-p version will be equipped with front and rear double motors.

If we simply superimpose the parameters of the DM-p version of the drive motor, it is concluded that its comprehensive maximum power is 360kW and its peak torque is 675Nm, which is very close to the performance of the previous generation of the most powerful EV. In addition, with an efficient engine, the performance can be imagined. No wonder the acceleration of 100 kilometers is only 3.7s s.

In addition, in terms of endurance and fuel consumption, the new Han DM-i version has a fuel consumption of 4.2L to 4.5L per 100 kilometers under NEDC working conditions, and the comprehensive cruising range can reach 1300km, and the longest pure battery life can reach 242km；; The DM-p version has a pure battery life of 206km and a fuel consumption of 5.2L per 100 km under NEDC conditions.

Interestingly, although the new Han DM-i/p is equipped with a relatively complicated plug-in system, especially an engine, in terms of size, these two models are 5mm shorter than the previous generation Han EV, but other parameters have not changed, and the wheelbase is also 2920 mm.

In terms of configuration, the new Chinese DM-i/p version is the same as the EV version, which is equipped with a more intelligent DiPilot intelligent driver assistance system and rich intelligent, comfortable and convenient configurations and functions.

■　How to choose the new Chinese DM-i/p?

In terms of purchase, we see that all the new Han DM-i versions are precursors, while DM-p is a four-wheel drive, so there is only one option for the four-wheel drive power system. In the DM-i version, the "242KM flagship" with a price of 289,800 yuan is the most powerful and has the longest pure electric endurance. If you pursue the ability to travel, it is recommended to choose this one.

If we consider the configuration, first of all, in the intelligent driving assistance part, we can see that the "242KM flagship" and DM-p version have the most complete number of sensors and auxiliary functions, so if the configuration requirements for this part are higher, the "242KM flagship" is more cost-effective.

However, in terms of safety, comfort and convenience, the functions of the new Han DM-i series are already very comprehensive. If you want a higher-level configuration, I suggest starting with the "121KM distinguished model" with a price of 225,800 yuan, because there are many identical configurations on the "flagship model" on it, but the price difference is at least 64,000 yuan.

■　Bangpingdian

On the whole, the timing for BYD to launch a brand-new Han series is very good. On the one hand, because many heavy products of the same type have been delivered or listed recently, this market segment has become one of the focuses of attention inside and outside the industry. At this time, listing is easy to get better communication effect; On the other hand, it is the time when the brand announced the sales volume and delivery volume at the beginning of the month. BYD’s production and sales data in March performed well, showing excellent brand health, and at the same time boosting the confidence of many consumers who intend to buy BYD models. I believe it can also help the brand-new Han series to get more orders.

As for the specific model competitiveness, I think that Han EV, as the first "veteran" to enter the medium and large-sized pure electric car market, has kept up with the pace of market evolution in time after this update, and has renewed its vitality and maintained its strong competitiveness.

The brand-new Han DM-i/p series actually has no specific competitors in a strict sense. The medium and large plug-in hybrid cars on the same track with it are basically BBA brands of more than 500,000, such as BMW 5 Series plug-in hybrid and Volvo S90 RECHARGE. Therefore, the new Han DM-i/p series will gain more market opportunities and the sales volume can be expected.

　　Cctv newsThe 2022 Winter Olympic Games will be held in China, and the China government has once again made a promise of "Green Olympics". Around this goal, it is an important link to realize green transportation during the Olympic Games. On August 31st, Beijing Institute of Technology and other research teams released an achievement: the all-weather battery product was successfully developed, that is, the battery of electric vehicles can still work normally under all climatic conditions, including extreme low temperature.

　　In the cold environment, electric vehicles will face challenges.

　　After investigation, during the Beijing Winter Olympics, vehicles will face a low temperature of -20℃ to -30℃, and the use of new energy vehicles will face the following challenges ↓ ↓

　　The charging and discharging characteristics of the power battery become worse!

　　Battery capacity and life will also decay!

　　These will lead to a significant decline in vehicle driving range and vehicle dynamic performance!

　　Sun Fengchun, Director of the National Engineering Laboratory of Electric Vehicles of Beijing Institute of Technology and Chief Expert of the Expert Group of Beijing New Energy Vehicle Association:

　　Now the electric vehicle (cruising range) has reached more than 300 kilometers, but it may only run for dozens of kilometers at MINUS 10℃.The farthest distance between the two venues of Beijing Winter Olympics, that is, the Chongli distance from Wukesong in Beijing to Zhangjiakou is 260 kilometers. How to last the electric vehicle at low temperature is a problem that must be solved.

　　New technology, let electric vehicles break through the low temperature forbidden zone

　　The team led by Professor Sun Fengchun developed the world’s first all-climate battery product by using the rapid thermal conductivity generated by metal heating inside the battery. The key technologies are as follows ↓ ↓

　　A layer of nickel-platinum sheet was added to the existing lithium battery.

　　Connect the power supply, and the battery can be heated quickly!

　　Sun Fengchun:

　　At MINUS 30℃, the temperature of our battery rises to above zero in twenty seconds, so it can work very well and has no influence on the life of the battery. This is the core technology. In other words, there is no forbidden area for electric vehicles, which is a milestone principle and technology in this respect.

　　Low temperature environment, all the key technologies of new energy vehicles are overcome.

　　In addition, key technologies such as vehicle system integration and control in low temperature environment have also made breakthroughs. The cooperative control technology of automatic driving and automatic charging has laid a solid foundation for the application of new energy vehicles during the Winter Olympics.

　　Sun Fengchun:

　　From the battery cell, battery system to the system integration of the whole vehicle, it should be said that the technology has been completely overcome.Our core key components are required according to the standard of low temperature of MINUS 45℃ to ensure that there will be no problems during the Winter Olympics.

　　At the end of this year, all-weather electric vehicles will be launched.

　　According to reports, the first batch of all-weather electric vehicles in the world will be released at the end of December this year, and then they will go to Mohe and other alpine regions for experiments at around MINUS 45 C. It is estimated that in 2020, the development of 11 product prototypes of four types of vehicles will be completed, and the demonstration operation will begin.

　　Zhang Jihong, Deputy Director of Beijing Municipal Science and Technology Commission:

　　We should further integrate some technologies from Beijing, China and even foreign countries to tackle key problems in Industry-University-Research. Whether it is low-temperature battery technology or driverless technology, a complete and comprehensive presentation can be obtained during the 2022 Winter Olympics.

Do you know about natural disasters?

Earthquakes, mountain torrents, mudslides, typhoons, floods, blizzards, forest fires … … These natural disasters happen every year. When a serious disaster comes, it will destroy a city in an instant and make many people lose their homes, even their relatives.

May 12, 2023 is the 15th National Disaster Prevention and Mitigation Day. The theme of this year is "Preventing disaster risks and escorting high-quality development". Since the 18th National Congress of the Communist Party of China, China has put forward a series of new ideas and concepts on disaster prevention, mitigation and relief. The Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Reform of the System and Mechanism of Disaster Prevention, Mitigation and Relief put forward that "to promote the reform of the system and mechanism of disaster prevention, we must firmly establish the concept of disaster risk management and comprehensive disaster reduction, adhere to the combination of prevention first, prevention and rescue, adhere to the unity of normal disaster reduction and abnormal disaster relief, and strive to realize the transformation from focusing on post-disaster relief to focusing on pre-disaster prevention".

In order to find out the hidden dangers of natural disasters in various parts of China, the first national comprehensive risk survey of natural disasters will be carried out in 2020 with the consent of the State Council. In three years, with the participation of nearly 5 million professional and technical personnel from various regions, the nationwide census has achieved initial results.

From 2020, reporters from Lifeline went to Fujian, Jiangxi, Shandong, Zhejiang and other places for follow-up reports. On May 12th and 13th, two episodes of National Disaster Prevention and Mitigation Day special program "Data Empowering to Protect Peace" will be broadcast continuously in the Lifeline column of CCTV-12.

Take precautions and be precise first.

Arrange emergency equipment so that the distress information is no longer blocked.

Fujian province is surrounded by mountains on three sides and faces the sea on one side. There are many kinds of natural disasters and they are prone to occur frequently. Once disasters occur, the disaster situation should not be underestimated.

Typhoon, rainstorm, flood, mountain torrents and mudslides, as coastal areas, more than 30 coastal counties in Fujian Province are frequently affected by marine disasters. Villagers have lived here for generations. How to prevent disasters to make them live and work in peace and contentment?

Since the first national comprehensive risk survey of natural disasters was carried out, the emergency department has collected and adopted the data of all the population and housing disaster-bearing bodies in 33 coastal counties, investigated and summarized the historical data of disasters, and calculated the elevation of coastal seawalls in the whole province with reference to relevant data, so as to help the staff to divide the dangerous areas more accurately and let the people prepare for danger avoidance in advance.

In addition to marine disasters, flood waterlogging caused by heavy rain is also one of the major natural disasters faced by Fujian Province. Whenever the flood season comes, typhoons are swept by heavy rain. The flash floods caused by heavy rain will not only endanger the safety of villagers’ lives and property, but even more frightening is that some remote villages will be lost, and rescue work cannot even be carried out.

In order to solve this problem, the Fujian Provincial Party Committee and the provincial government equipped 3,550 high-risk areas and villages with high-risk mountain torrents with satellite phones. The emergency satellite phone has both mobile and fixed terminals, and the system has its own satellite search function, which can be used in bad weather and without public network. Through this census, satellite phones have been accurately put into every remote and high-risk village, effectively solving the problems of difficulty in asking for help and being rescued in these areas. Not only that, Nan ‘an, Quanzhou, which is located in the southeast coast, is affected by extreme weather all the year round. After the first national comprehensive risk survey of natural disasters was carried out, Nan ‘an City set up a total of 2,259 broadcasting points. Based on the refined data obtained from the survey, in 2023, the city will add 43 community emergency broadcasting points, and extend to cover more than 50 natural villages in the city, achieving 100% coverage of administrative villages and communities in the city.

The smart emergency command platform issued an early warning at the first time.

Jiangxi Province is one of the provinces suffering from serious natural disasters in China, with an average annual direct economic loss of more than 10 billion yuan. There are more than 2,400 rivers in the province, and the forest coverage rate ranks second in the country. Frequent natural disasters have a great impact on the production, life and economic development of local people.

The intelligent emergency command platform established by Ruichang Emergency Management Bureau according to the census data can grasp the dynamic information of every disaster-prone point in the city in real time, and monitor it in real time for 24 hours. Once the front is sensed, it can respond quickly and conveniently. Monitoring probes and infrared virtual railings are installed in 34 key waters in the city. Once someone approaches, they can be persuaded to leave by shouting.

On January 20, 2023, Ruichang Smart Emergency Command Platform issued an alarm, and abnormal temperature appeared in Hongyandong Scenic Area. The induction system quickly captured the fire point and uploaded screenshots to the platform. Hongyandong is a place with steep mountains and dense forests, so it is very difficult to put out the fire. There have been many fires in this place in history, and the shortest fire extinguishing time takes 3 days.

However, in this fire, under the command and dispatch of the intelligent emergency command platform, the fire was put out within ten hours. This efficient response made the local people really feel the sense of security brought by the census data.

From 2020 to 2023, the first national comprehensive risk survey of natural disasters lasted for three years. In view of 23 kinds of disasters in six categories, such as earthquakes, geology, meteorology, floods and droughts, marine, forest and grassland fires, people’s governments at all levels in provinces, cities and counties set up census leading groups, formulated plans and formed teams, comprehensively found out the hidden danger base of national disasters, identified the disaster resistance ability of key areas, and objectively understood the comprehensive risk level of disasters in the country and regions. The first national comprehensive risk survey of natural disasters has entered the stage of evaluation and zoning, and the data of the future survey will be better applied.

　　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.