Doing in practice: the wind of Daxing investigation and research

The process of investigation and research is the process of scientific decision-making.

Investigation and study is a process of understanding the situation. People’s correct ideas do not fall from the sky, are not inherent in their minds, but come from practice. Eating steamed buns chewed by others is tasteless. If you want to know the taste of pears, you have to change them and eat them yourself. No matter making or implementing decisions, it is inseparable from investigation and research. Only through investigation and study can we understand the actual situation, sum up grass-roots experience, create conditions for making correct decisions, and provide first-hand materials for checking the deviation of decisions and problems in the implementation process. At the same time, in the investigation and study, cadres can be assessed, their ideological level, work ability and work style can be understood on the spot, talents can be found, and cadres can be used well.

Investigation and research is a process of promoting work. After a decision is made, it is impossible to rely solely on meeting to meeting and document to document, nor can it solve the problem. Leading cadres should demonstrate their style of work, help and guide them in methods, and pay attention to supervision in implementation. They must sink in and strengthen investigation and research. By creating a certain supervision atmosphere, the momentum of promoting the work is formed, by cultivating and summarizing advanced models, the overall situation is promoted, and the rectification is urged through inspection and criticism, so that everyone has pressure, motivation and vitality.

Investigation and research is a process of connecting with the masses and doing things for the people. By going deep into the grass roots, the reality and the masses, we can understand what the masses are thinking, what they are looking forward to and what our Party committee and government need most. Thus, our various decisions and work arrangements will focus on the wisdom of the people, reflect the public opinion, reflect the people’s feelings, do one thing, win the hearts of the people, and truly achieve the relationship between the people, benefit the people, and use the power for the people.

Investigation and research is also a process of self-learning and improvement. The people are real heroes, while we ourselves are often naive and ridiculous. Since the reform and opening up, the great achievements of Zhejiang’s economic and social development have been created by the people of Zhejiang, and the major decisions made by previous provincial party committees and governments have also come from the vivid practice of the grassroots and the masses. Therefore, in the investigation and study, we should be sensitive and eager to learn, not ashamed to ask questions, humbly ask for advice, be students of the masses and be friends of the masses.

It is very important to learn to do research. Leading cadres should be immersed in their hearts and not be confused by superficial phenomena; It is necessary to comprehensively analyze the situation, see the whole leopard at a glance, and don’t touch the elephant by the blind; You should arrive without pomp, and don’t bluff and cause disturbance to the people. With more investigation and research, the grass-roots units will run around, run deep and thoroughly, and our skills will increase, our understanding will leap forward and our work will be better.

[Excerpt from the speech made during the investigation in Fuyang on April 9, 2004]

Comrade Chen Yun once said: "When leading organs formulate policies, they should spend more than 90% of their time on investigation and research, and less than 10% of their time on final discussion and decision." He added: "One-sidedness always comes from being busy making policy decisions without studying the actual situation." Why are some of our current decisions not targeted and operable? In the final analysis, the root is that there is a little less investigation and research. "The situation is unclear and the determination is great, and there are countless ideas in my heart."

The correct decision can never be made by one person or a group of people sitting in the house and thinking hard without investigation and research. It can only be produced in the reality of the people’s reform and development. Before making decisions on major issues, our leading cadres must have the determination to keep their eyes down and the spirit of being a pupil, take a step, go out of the yard, go to the workshop dock, go to the fields, conduct field research, communicate and discuss with people from all walks of life who really understand the truth, and obtain authentic, reliable, solid and effective research results through "exchange, comparison and repetition" so as to get correct conclusions. Investigation and research are like "pregnancy in October", and decision-making is like "delivery once". The process of investigation and research is the process of scientific decision-making, and it must not be omitted or sloppy.

[Excerpted from the column "Zhijiang Xinyu" in Zhejiang Daily on August 26th, 2005]

The research work should be "deep, practical, detailed, accurate and effective"

Investigation and research is an important way to keep close contact with the masses, and it is also a breakthrough point and an important link to strengthen the party’s style construction. Leading cadres at all levels in the province must maintain a pragmatic style in their investigation and research work, and strive to be deep, realistic, meticulous, accurate and effective. Seeking "depth" means going deep into the masses and grass roots, being good at making friends with workers, peasants, intellectuals and people from all walks of life, and solving problems in the fields, factories, mines, the masses and all social levels. Seeking "truth" means to be realistic in the style of investigation and research, to simplify official reception, not to be accompanied by layers, not to add extra burden to the grassroots, and to truly listen to the truth, touch the truth and do practical things. To be "detailed" means to listen carefully to the opinions of all parties, not only to the reports of cadres, but also to the reactions of the masses, to both positive and negative opinions, to analyze the problems in depth and to grasp the overall situation. Seeking "accuracy" means that the conclusions drawn from investigation and research should be scientific and accurate. We should not only understand the actual situation comprehensively and thoroughly, but also be good at analyzing contradictions and finding problems, seeing the essence through phenomena, grasping the regular things, and improving the scientific nature of the investigation conclusions. Seeking "effectiveness" means putting forward practical solutions to problems, formulating policies and measures with strong operability, and achieving practical results.

[Excerpt from a speech at the learning meeting of the theoretical learning center group of the provincial party committee on February 10, 2003]

Investigation is a science and an art. At present, we are in an information age, an open society and a stage of transformation in all aspects. To strengthen investigation and research work, we must actively explore the characteristics and laws of investigation and research work in the new period, strive to improve the universality of investigation and research objects, improve the pertinence of investigation and research contents, improve the scientificity of investigation and research methods, improve the effectiveness of investigation and research results, and constantly improve the quality and level of investigation and research work, so as to truly regard investigation and research as a process of understanding the situation, promoting work, connecting with the masses, doing things for the people and improving self-learning.

First, we should improve the universality of the research objects. Modern society is a diversified society. Due to the increasingly fine social division of labor, the differences in all aspects of society are increasingly prominent, and the development situation and focus of different departments and regions are different. In this case, on the one hand, the information needed by the Party committee and the government to make decisions has greatly increased, on the other hand, the representativeness of the local and individual has declined, which requires us to master as many situations as possible, be good at finding general rules from a large number of individual situations, and grasp objective things as a whole, so as to make correct decisions. In the past, there was a practice of crouching down for a week and a half, and typical investigation methods such as "dissecting sparrows" were widely used. This spirit should be studied and promoted, but now the pace of work is so fast, the information channels are so wide, the communication tools are so developed, and we have to take care of the situation on the surface. It is also necessary to improve the methods and means, and it is not appropriate to sell ourselves short. We should not only do a good job in typical investigation, but also pay attention to improving the universality of investigation and research objects. We should not cover the whole area with points, but only see trees and not forests. Comrade Mao Zedong attaches great importance to typical investigation and is an expert in conducting typical investigation, but he also cautiously sees that the application scope of typical investigation results is limited, and warns us not to be trapped in narrow empiricism. For leading cadres, especially provincial leading cadres, personal time and energy are limited, even if they spend more time on their own, it will inevitably have its limitations, and it is difficult to ensure that the objects of investigation and research are sufficiently extensive and representative.To solve this contradiction, it is necessary to give full play to the role of various localities and departments, especially the comprehensive research department, fully mobilize the research strength of all walks of life, make full use of modern information means, and achieve the combination of point and surface, up and down, internal and external, multi-level, multi-directional and multi-channel understanding of the situation, so that the decision-making has more factual basis. As the old saying goes, "A gentleman’s life is different, and goodness is false in things." This is the truth.

Second, we should improve the pertinence of investigation and research contents. Recently, in his important speech at the Fifth Plenary Session of the 16th CPC Central Committee, General Secretary Hu Jintao explicitly asked us to "be brave in exploration, be brave in tackling difficulties, be good at innovation, analyze new situations, grasp new features and put forward new ideas, unswervingly implement the line, principles and policies of the Central Committee, and carry out work creatively in combination with reality, so as to constantly create a new situation in all work". To carry out this requirement, we must put targeted investigation and research in an important position. Practice shows that our investigation and research should focus on the central work, be close to reality, the masses and decision-making, be busy with ideas and seek for key points, and be targeted, get twice the result with half the effort and be fruitful. If you are away from the central work and the decision-making needs, the research effect will be greatly reduced. The current economic and social life is extremely complicated, so the policy research department should carry out investigation and study, and the countermeasures and suggestions put forward should not be vague and empty, but must be realistic, correct in thinking and specific in measures. In particular, under the guidance of Scientific Outlook on Development and the theory of building a harmonious socialist society, we should thoroughly study some new situations and problems in the practice of implementing the "Eighth Five-Year Plan", building a "peaceful Zhejiang" and a cultural province, and constantly put forward insights on "serving the symptoms". For most research results, improving pertinence means timeliness. For hot issues and important issues that leaders pay attention to, we must concentrate our efforts, respond quickly, investigate in time, and actively seek ideas, ideas, countermeasures, suggestions and solutions for leaders to meet their decision-making needs. "Writing at the right time, a word is worth a thousand dollars", and "being born at the right time" can be used for it. If times change and the focus of work shifts, the research results will be slowly produced, even if it is comprehensive, correct and profound, it will be too late to be of great use.

Third, we should improve the diversity of investigation and research methods. Our party has rich experience in investigation and research, and has formed many effective investigation and research methods in long-term practice, such as holding investigation meetings, seminars, visiting investigations, casing investigations, typical investigations, field visits, etc., which we should inherit and improve in the new period. At the same time, we must adapt to the new situation of economic and social development and change, be good at using scientific investigation methods, and comprehensively apply multidisciplinary theories such as economics, sociology, information theory, system theory and cybernetics to provide comprehensive, accurate and reliable information and data for correct decision-making. In concrete practice, we should adopt different investigation methods according to different investigation tasks and requirements, combine micro-investigation with macro-investigation, combine qualitative analysis with quantitative analysis, boldly innovate and take a multi-pronged approach to improve the efficiency of investigation work and the quality of investigation results.

Fourth, we should improve the effectiveness of the research results. The general investigation and research is to understand the facts of the basic level and enhance the feelings with the masses, but the policy research department requires a little higher, not only to focus on investigation, but also to focus on research. I once said that "the key is to be good at research after investigation, to be good at spying on the whole leopard when grasping the point, and to be able to see the micro-knowledge and comprehensive refining in the running." Comrades in the policy research department should have the sensitivity to grasp the key points and identify the typical ones, and carry forward the spirit of perseverance and inquiry. At the same time, the investigation and study of the policy research department is not pure theoretical research, but also different from the specific work deployment, but a countermeasure application research combining theory with practice, and it must be emphasized that "research is applied". As the saying goes, "words can carry the Tao, and use is the most expensive." Specifically, the topic of investigation must be closely related to the needs of practical work. The starting point is to provide necessary countermeasures and suggestions for the work of party committees and governments, and the foothold is to solve specific problems in economic and social life; The field of vision of research must be broad and open, not only to foresee the trend and the general trend, but also to see the signs and tendencies of "the wind rises at the end of Qingping"; The process of investigation must be a process of careful analysis and research, from the rough to the fine, from the false to the true, from the outside to the inside. It must be able to grasp the essence and crux of things, reflect the whole picture and characteristics of things, find effective ways and means to solve problems, and avoid superficial, subjective assumptions, isolated, static and one-sided observation and research; The suggestions formed by the investigation must take into account both needs and possibilities.Put forward practical and concrete measures. Some countermeasures and suggestions seem to be correct, but they can only be shelved because they are difficult to actually operate.

[Excerpt from a speech at the Policy Research Office of the Provincial Party Committee on November 2, 2005]

To engage in pilot projects, we should "boldly imagine and carefully verify"

In various reforms, we often adopt the pilot method and gain some experience before popularizing it. Since it is a pilot project, which has never been done before, we must have the spirit of "being the first in the world", emancipate our minds, boldly rush and try, and reform whatever is conducive to development; It is to go beyond the original system and fundamentally break through the shackles of development.

Do a good job in the pilot work, while "boldly imagining", but also "carefully verifying." We should pay attention to strategies and methods, and strive to follow suit. We should adhere to the point test, promote it on the surface, make it easy before it is difficult, make it shallow before it is deep, adjust measures to local conditions, do not make a one-size-fits-all approach, and do not seek quick march. In the first pilot, we should encourage success, tolerate failure, correct mistakes, and pay attention to protecting the enthusiasm of cadres and the masses for reform; In all-round promotion, we should lead the way with mature experience, avoid repetition, reduce mistakes and minimize the risks and costs of reform as much as possible. At the same time, we should pay attention to combining the strength of reform with the affordability of the people, strengthen ideological and political work, improve various supporting measures, be active and steady, and make overall plans to ensure the smooth progress of reform.

[Excerpted from the column "Zhijiang Xinyu" of Zhejiang Daily on September 10, 2003.Article] 

The latest price of 2017 Land Rover Range Rover Sport European Standard Edition is quoted in S version.

2017 has a futuristic and dynamic design, a brand-new gorgeous temperament interior, advanced and strong unique appearance, interior and power system, which is brand-new for sports. Its unique soft lines and the inheritance of American thick lines and muscular sense make its visual impact very strong. The redesigned headlights rose as a whole. The 2017 lower roof, sloping roof contour and lighter weight all show the dynamic image of a new generation. The 2017 model is attractive for its exquisite style. Car consultation hotline: 18222125128 (same as WeChat) Xiaohui

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The 2017 model subverts the traditional concept of shape, configuration and performance of four-wheel drive, and the tall and wide vision also makes driving very enjoyable. Powerful entertainment system and spacious space fully meet the passengers’ demand for comfort. The 2017 hard disk navigation system improves the software architecture, and improves the route calculation, guidance function and system reliability. The whole is rougher and wilder, coupled with the three-dimensional design with lines thrown out, which highlights the character of going forward without fear of difficulties. The comprehensively upgraded interior design will provide a more luxurious experience and lead the cutting-edge dynamic fashion.

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The 2017 center console has a clear division of labor, and there are not too many buttons. It is easy to get started when you are familiar with it. The interior is so delicate that it is difficult to tell the difference between it and the others without looking carefully. The work of the seat is treated with double suture lines. Although the seat is wrapped in general, it feels very solid. The 2017 off-road capability inherits the strong style of the family, while the luxurious interior highlights the British luxury temperament.

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For such a car in 2017, in order to ensure its passability, it must not be increased too much, but despite this, the designer still strives to increase the leg space in the back row of the car by 120 mm. The new model still adopts the 255/50 R20 CROSS CONTACT series of Ma brand, and the words Range Rover are etched on ten aluminum alloys, highlighting its unique luxury and dignity. The 2017 model still uses a six-speed automatic manual, and the four-wheel drive controller has always been the basic guarantee for being in the top ranks.

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The 2017 model subverts the traditional concept of shape, configuration and performance of four-wheel drive, and the tall and wide vision also makes driving very enjoyable. Added as a selling point, and upgraded with 8 speeds to improve, the 2017 model’s sensitivity, stability and speed complement each other and will never disappoint fans. The 2017 model is wide, and the overall shape is simple and strong. In the process of acceleration, there is almost no extra feeling except the sound and the feeling of pushing the back.

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The 2017 model can completely describe its dynamic performance with terror. It can quickly and automatically identify various road conditions, intelligently optimize vehicle settings, and provide unparalleled road and all-terrain driving experience for car owners. For the first time, the 2017 model adopted a brand-new platform design and manufacturing, and the road driving strength has surpassed the "big".

Millions of Mexicans are at risk because of obesity. The president called for weight loss.

  A few months ago, Juan Pedro Franco, a Mexican man who weighs nearly 600 kilograms and is known as the fattest in the world, just completed a stomach reduction operation and took the first step to lose weight. Now, 10-month-old Louis is suffering from obesity again. At birth, he was only 3.5 kilograms, and his weight has soared to 28 kilograms … … From children to adults, what has "fattened" Mexicans?

  Starting with feeding children coke

  According to the latest report released by the Organization for Economic Cooperation and Development (OECD), the obesity rate of people over 15 years old in Mexico is 33.3%, that is, one in every three adults has obesity problem. At the same time, the incidence of adult diabetes in Mexico is the highest among OECD members, reaching 15.8%, more than twice the average level of 7%.

  Judging from their eating habits, many Mexicans like high-calorie and high-sugar foods, including fast food and carbonated drinks. These foods are rich in fat, sugar, salt and chemicals, which are easy to fill the stomach and affordable. Some parents even put coke in bottles to feed their children. According to data provided by Euromonitor International, a market research organization, Mexicans consume about 163 liters of carbonated drinks per person every year.

  Obesity is not only accompanied by diabetes, but also chronic diseases caused by hypertension and nutritional imbalance. The Mexican Institute of Competitiveness released a report saying that dozens of diseases suffered by Mexican people are inseparable from obesity.

  November 14th is World Diabetes Day. Mexican Health Minister Jose Naro said that the number of diabetic patients in Mexico increased to 105,000 in 2016, an increase of 7,000 over the previous year.

  Causing the North American Free Trade Agreement?

  In 1994, the North American Free Trade Agreement concluded by the United States, Canada and Mexico came into effect, which reduced or eliminated a considerable number of commodity tariffs. The Mexican media Cosmos pointed out that with the entry into force of the agreement, Mexico quickly became a "junk food" paradise.

  The Mexican media quoted Alejandro Calviyo, the head of the non-governmental organization "Consumer Power", as saying that the Mexican authorities failed to introduce policies in time to protect people’s diet structure and let the market be free, resulting in the proliferation of low-quality food and junk food advertisements in the market for a time.

  Traditional Mexican foods such as mutton, tortillas and cactus are mostly low in fat and high in fiber. After the liberalization of the market, the Mexican people’s dependence on processed fast food has been increasing, and the intake of grains, vegetables and fruits has decreased, resulting in the phenomenon that many Mexicans want hamburgers instead of tortillas.

  However, contreras, a foreign trade expert at Ibero-American University in Mexico, believes that NAFTA is not the decisive factor of obesity in Mexico. In today’s society, obesity and overweight have become a "world phenomenon". With the advancement of urbanization, new technologies continue to develop, which has a profound impact on people’s life and diet, including "fattening people up".

  The president called on the whole people to lose weight.

  The Mexican government has realized the seriousness of the obesity problem and launched a national "weight loss revolution", calling on the whole people to lose weight.

  In 2013, Mexican President Oena issued an action plan, calling on people to take more walks, take more stairs, exercise for one hour every day and live a healthy life.

  Oena advocates promoting a healthier diet and encourages food enterprises to improve their recipes and produce low-calorie or high-fiber foods. He also decided to levy a tax of 8% on high-calorie foods with a calorie content of more than 275 per 100 grams, and to levy a tax on soft drinks.

  "In the face of a real epidemic of overweight and obesity, we can’t stand idly by," Oena said. "The lives of millions of Mexicans are in danger."

  Relevant measures have achieved initial results. In 2014, after Mexico raised the tariff on sugary drinks to 10%, the sales of such drinks dropped by 10%. The Mexican government hopes to reduce the obesity rate by 2.5% by 2024 and prevent 134,000 cases of diabetes by 2030 through tariff policy.

  On the other hand, the Mexican government is also actively responding to the call of the World Health Organization to strengthen the control of junk food advertising, especially for minors. According to Xinhua News Agency

Notice of Guangdong Provincial People’s Government on Printing and Distributing Several Policies and Measures to Respond to Pneumonia Infected in novel coronavirus and Support Enterprises to Resume Wo

Guangdong Provincial People’s Government on Printing and Distributing the Response to novel coronavirus

Infected pneumonia epidemic situationSupport enterprises to resume work and production.

Notice of some policy measures

People’s governments at the local and municipal levels, departments and institutions directly under the provincial government:

  The "Several Policies and Measures on Responding to Pneumonia Infected in novel coronavirus and Supporting Enterprises to Resume Work and Production" are hereby printed and distributed to you, please earnestly organize their implementation. Problems encountered in the implementation process, please report to the Provincial Development and Reform Commission.

people’s government of guangdong province

February 6, 2020

On coping with the pneumonia epidemic in novel coronavirus.

Some policies and measures to support enterprises to resume work and production.

  In order to thoroughly implement the spirit of the important instructions of the Supreme Leader General Secretary on resolutely winning the epidemic prevention and control war, fully implement the decision-making arrangements of the CPC Central Committee, the State Council and the provincial party committee on epidemic prevention and control, and fully support and promote the resumption of work and production of various enterprises affected by the epidemic, the following policy measures are put forward.

  First, governments at all levels should further increase efforts to ensure that enterprises resume work and production.

  (1) Strengthen epidemic prevention guidelines.

  The province issued a series of guidelines for prevention and control of pneumonia in response to novel coronavirus infection, and municipal governments at or above the local level should strengthen the main responsibility, assign special personnel to guide enterprises to complete the preparations for resumption of work and production, and ensure that enterprises can resume work and production under the premise of reaching the epidemic prevention and control standards.

  (2) Implementing the conditions for returning to work.

  Refine the guarantee scheme for returning to work and production, and help enterprises coordinate and solve the problems of employees returning to work, especially professional and technical personnel returning to work, as well as the purchase of prevention and control materials such as masks, protective clothing, disinfection supplies and thermometers.

  (3) Make overall plans for protection.

  Support enterprises to do a good job in employee health management. Encourage large enterprises to set up centralized isolation points. Encourage all kinds of development zones above the provincial level (high-tech zones, economic development zones and industrial parks) to set up centralized isolation points by the administrative Committee. For small and medium-sized enterprises that do not have the conditions to set up centralized isolation by themselves, the local government will make centralized arrangements.

  (4) Broaden recruitment channels.

  Strengthen labor assistance and cooperation inside and outside the province, implement the service Commissioner system for key enterprises, accurately check and publish information on employment demand of enterprises, and promote online supply and demand matching and remote recruitment.

  Second, further reduce the labor costs of enterprises.

  (5) Reducing the burden of social insurance.

  For enterprises affected by the epidemic that cannot pay the endowment insurance, medical insurance (including maternity insurance), unemployment insurance, work-related injury insurance and housing accumulation fund on time, it is allowed to postpone the payment within three months after the epidemic is lifted; Payment of social insurance fees is exempted from late fees, and related benefits are enjoyed normally, which does not affect the record of individual rights and interests of the insured. We will continue to implement the policy of reducing unemployment insurance rates and industrial injury insurance rates in stages.

  (six) the implementation of unemployment insurance return.

  We will continue to return unemployment insurance premiums to enterprises that do not lay off employees or reduce their staff, and return them according to 50% of the total amount of unemployment insurance premiums actually paid by enterprises and their employees in the previous year. Encourage enterprises affected by the epidemic to negotiate with employees to stabilize their jobs by adjusting their salaries and taking turns to rest.

  (seven) the payment of subsidies to help enterprises stabilize their posts.

  The wages and benefits paid by enterprises during the period when employees receive treatment due to epidemic situation or are quarantined under medical observation shall be subsidized to enterprises according to 50% of the basic endowment insurance payment wage base of the employees, and the required funds shall be charged in the special award fund for structural adjustment of industrial enterprises. Encourage enterprises to organize employees (including labor dispatchers working in enterprises) to participate in online on-the-job vocational skills training and give subsidies according to regulations; Platform enterprises (e-commerce enterprises) and new business enterprises shall refer to the implementation.

  Third, further reduce the operating burden of enterprises

  (8) Reduce the tax burden of enterprises.

  During the period of epidemic prevention and control, enterprises are allowed to postpone the declaration and payment of taxes. For enterprises that meet the conditions of deferred tax payment, the tax payment period shall be extended for no more than three months according to law. For enterprises that do have difficulties in paying taxes, property tax and urban land use tax shall be reasonably reduced or exempted according to law. For "fixed-term quota" households, adjust the quota reasonably or simplify the closure procedures. Timely implement policies such as inclusive tax reduction for small and micro enterprises.

  (9) Reduce the rent burden of enterprises.

  State-owned assets business premises are exempt from the first month’s rent for private leased enterprises that are greatly affected by the epidemic and cannot operate normally, and the rent for the second and third months is charged by half; Encourage other property owners to appropriately reduce or exempt rents according to the actual situation. Enterprises that have been rent-free for more than two months will be given tax relief according to the number of rent-free months.

  (ten) increase financial support for technological transformation.

  Enterprises within the prescribed time limit through technological transformation to expand epidemic prevention and control urgently need to focus on allocating material production capacity or converting the above materials, and increase incentives for their qualified equipment purchases.

  (eleven) give play to the key role of state-owned enterprises.

  Large and medium-sized state-owned enterprises and leading enterprises in the industry have increased their support for small and medium-sized enterprises in the industrial chain in terms of payment recovery, raw material supply and project contracting, so as to promote the stable operation of the industrial chain. For small and medium-sized enterprises that have signed contracts with state-owned enterprises, if they are unable to fulfill their contractual obligations on time due to the epidemic, the contract performance period may be appropriately extended. State-owned enterprises should pay the relevant funds of small and medium-sized enterprises and private enterprises in full and on time in accordance with the contract, and shall not form new overdue arrears.

  Fourth, further increase financial support

  (12) Strengthen financial relief.

  Banking financial institutions are encouraged to extend loan repayment, extend loan renewal, reduce interest rates and reduce or exempt interest for enterprises greatly affected by the epidemic. The provincial SME financing service platform opened the SME epidemic response financial service area and the "green service channel", and coordinated the provincial special funds to support small and medium-sized enterprises, relying on the platform to provide discount and risk compensation services for loan enterprises. For enterprises that are greatly affected by the epidemic, it is not allowed to blindly lend, cut off loans or press loans. Sort out and determine the list of key enterprises for epidemic prevention in the province, and make full use of the national special refinancing policy.

  (thirteen) increase financial support.

  The provincial finance provides financial support for related enterprises to expand the production of key urgently needed equipment such as mask machines, protective clothing stickers, negative pressure ambulances and key and scarce parts. For the newly-increased loans in 2020 of key enterprises for epidemic prevention and control identified by the state and the province and other enterprises for health and epidemic prevention, pharmaceutical products and medical equipment that have played an outstanding role in supporting epidemic prevention and control (which are examined and confirmed by the provincial industrial and information departments in conjunction with the financial departments), the provincial finance will give a discount at 50% of the refinancing rate of the People’s Bank of China. Encourage governments at all levels to give appropriate subsidies to livestock and poultry aquaculture enterprises and leisure agricultural enterprises that are greatly affected by the epidemic. Encourage city and county finance to give key support such as loan discount and accounts receivable financing to small and medium-sized enterprises that are greatly affected by the epidemic, and the provincial finance will give appropriate subsidies. The guarantee loan for individual entrepreneurs or small and micro enterprises can be extended for one year as appropriate, and they will continue to enjoy financial discount support.

  (fourteen) to support enterprises to guarantee financing and lease financing.

  Cancel the counter-guarantee requirements of government financing guarantee institutions and re-guarantee institutions at all levels in the province, and the provincial financing re-guarantee companies will waive the guarantee fee for the financing guarantee business included in the support scope of the national financing guarantee fund, and the new financing guarantee rate of government financing guarantee companies at all levels for enterprises that are greatly affected by the epidemic will not exceed 1%. Financial leasing companies should adjust the repayment period and repayment methods of enterprises that are greatly affected by the epidemic, reduce or exempt the rental interest for no more than 6 months as appropriate, and waive the penalty interest on rent.

  (fifteen) optimize the enterprise microfinance service.

  With the approval of microfinance companies with excellent regulatory indicators, the financing leverage ratio can be relaxed to 5 times of net assets, and the upper limit of single-family loan balance can be raised to no more than 5% of the registered capital and no more than 10 million yuan. Encourage enterprises and individuals affected by the epidemic to reduce loan interest rates, postpone or extend loans for 1-3 months, exempt from penalty interest for 1-3 months, and increase credit loans and medium-and long-term loans.

  (sixteen) optimize the enterprise credit management.

  Enterprises that temporarily lose their sources of income due to the epidemic can submit their credit records according to the adjusted repayment arrangements. Local CCPIT should establish a "green channel" and issue factual certificates related to force majeure to foreign trade enterprises directly affected by the epidemic according to actual conditions.

  V further optimizing government services

  (seventeen) to strengthen the protection of project construction elements.

  For projects under construction and new construction such as epidemic prevention and control, energy supply, transportation and logistics, medical resources and ecological environment, priority should be given to ensuring resource indicators such as land use and forest use; For new non-profit medical places, the required construction land index shall be solved by the province as a whole; Create conditions to ensure the timely supply of steel, concrete, sand and other building materials necessary for project construction.

  (eighteen) improve the examination and approval work "through train" system.

  Establish a green channel for project approval, simplify the approval process and compress the approval time limit. Take network, video and other technical means to carry out project evaluation and review, and accelerate the preliminary work of the project. Relying on the online approval and supervision platform of investment projects in the province, the online processing of project approval without meeting is fully implemented.

  (nineteen) the establishment of epidemic prevention and control materials overseas procurement fast track.

  We will improve the rapid coordination mechanism for overseas procurement of epidemic prevention and control materials, set up a "green channel" for rapid customs clearance of imported prevention and control materials, and implement a convenient customs clearance policy for prevention and control materials that can provide certificates from competent authorities and involve special items without health and quarantine approval. Work modes such as "two-step declaration", "declare in advance" and "guaranteed release" shall be implemented for epidemic prevention and control treatment materials to ensure "zero delay" in customs clearance.

  (twenty) to strengthen the support of information services related to enterprises.

  Relying on the platform of "Guangdong Business Connect", timely release the policies and measures for benefiting enterprises during the epidemic prevention and control period, build a platform for enterprises to respond to their demands, promote the establishment of appeal response mechanisms in various places, and timely solve the outstanding problems faced by enterprises in the production and operation process.

  The implementation period of this policy is tentatively set as three months from the date of promulgation (if the implementation period of policies and measures has been clearly defined, it shall be implemented within the prescribed time limit). The central government issued relevant support policies, and our province followed them. Municipal governments at or above the local level and relevant provincial departments may formulate detailed implementation rules according to the actual situation, and increase efforts to help enterprises.

Huawei Gankun Zhijia ADS Heavy Upgrade Opens a New Era of Parking Spaces to Parking Spaces.

Huawei Gankun Zhijia ADS Heavy Upgrade Opens a New Era of Parking Spaces to Parking Spaces.

  On December 29th, Jin Yuzhi, CEO of BU, Huawei’s smart car solution, joined hands with Chen Zhuo, president of technology, to start the smart driving live broadcast and experienced the latest "parking space to parking space" smart driving function of Huawei Gankun Smart Driving ADS. Jin Yuzhi announced in the live broadcast that Huawei Gankun Smart Driving ADS 3.0 ushered in a heavy upgrade. With the help of smart driving, Huawei Gankun Smart Driving ADS truly realized the end-to-end experience of "getting on the bus and driving yourself, getting off the bus and stopping yourself".

Automatic parking gives way to non-motor vehicles in front.
Unprotected right turn
Unprotected left turn
Automatic bypass stop vehicle

  As can be seen from the live broadcast, Huawei’s performance in driving ADS 3.0 is very good. Without protection, it turns left and right to automatically avoid pedestrians, non-motor vehicles and vehicles, and automatically stops the vehicles in front of it, which is very silky. When turning around and bypassing the island, the route selection is reasonable and smooth, and the overall performance is very similar to an "old driver".

  Huawei has redefined the "parking space to parking space" intelligent driving experience standard.

  In 2024, the end-to-end technology route became the mainstream of the smart driving industry. As the most intuitive value display of end-to-end technology in the experience end, the "parking space to parking space" smart driving function triggered industry competition and became a key dimension to measure the level of smart driving.

  As the first person in the industry to put forward the concept of "parking space to parking space", Huawei Gankun has always led the industry in the landing speed and actual performance of end-to-end technology. At the beginning of 2024, Huawei Gankun was the first city NCA; in the industry to be commercialized. In April, ADS 3.0 with end-to-end architecture was released, and the industry first proposed "parking space to parking space"; In August, with the release, ADS 3.0 was the first in the industry to realize mass production and commercialization, realizing a more human-like and safer intelligent driving experience. This time, with the release of ADS version 3.2, Huawei Gankun officially upgraded the two functions of "parking space to parking space" and "VPD parking and driving", and has started to push them one after another.

Huawei Gankun Zhijia ADS Heavy Upgrade Opens a New Era of Parking Spaces to Parking Spaces.

  Compared with the "parking space to parking space" that has been launched in the industry at present, Huawei Gankun Intelligent Driving ADS redefines the new standard of "parking space to parking space" intelligent driving experience in the following three aspects. First of all, you don’t need to remember in advance, you can use it on the first trip. At present, the "parking space to parking space" in the industry is generally "from fixed parking space to fixed parking space", which requires users to run the parking space and route before using this function, so that the system can remember that it can only be used the second time, which is a waste of time. Huawei Gankun Zhijia ADS can be used when driving into a strange parking lot for the first time, which can meet the flexible travel needs of users.

Huawei Gankun Zhijia ADS Heavy Upgrade Opens a New Era of Parking Spaces to Parking Spaces.

  Secondly, you can stop if you have a seat, regardless of the parking space. The "parking space to parking space" in the industry is memory parking. When the parking space is occupied, you can’t roam, so you need to take over the parking manually, which is not practical. Huawei Gankun Zhijia ADS doesn’t need fixed parking spaces at the starting and ending parking lots. Even if the parking spaces are occupied, it can intelligently roam to find new parking spaces, allowing users to realize parking freedom.

  Third, independent learning and evolution, the more open, the better. The industry is generally a simple patchwork of the function of "smart driving and navigation+memory parking", and the usage scenarios are limited. Huawei Gankun Intelligent Driving ADS relies on advanced "autonomous learning" technology to continuously expand the scope of parks and parking lots it supports. With the continuous expansion of the scale of intelligent driving, the number of parking lots covered will be more and more, and the experience will be better.

  Jin Yuzhi said in the live broadcast: "Real parking spaces to parking spaces must support from any parking space to any parking space, without the need for users to spend time memorizing routes, memorizing by rote, and fixing parking spaces. You can stop if you have one, and the more you open it, the easier it is to use."

  Intelligent market space has been opened.

  2024 is the first year of large-scale commercialization of smart driving. According to the data, in 2024, the penetration rate of the intelligent networked automobile market has exceeded 20%, and it is expected to be close to 80% by 2030. With high-speed pilot as the core, the allocation rate of L2+ new energy vehicles above 200,000 has reached 65%, which has gradually become the standard. The penetration rate of advanced intelligent driving represented by urban NCA is also increasing rapidly, and it is estimated that the carrying capacity will reach 20 million in five years.

Huawei Gankun Zhijia ADS Heavy Upgrade Opens a New Era of Parking Spaces to Parking Spaces.

  Jin Yuzhi said in the live broadcast that the intelligent market space has been opened. At the industry level, the most direct performance is that all car companies have begun to promote smart driving, and the smart driving function has changed from optional to standard. At the user level, the knowledge and experience of intelligent driving has changed from "fear of using" to "dare to use" and from "common use" to "love to use", and intelligent driving is becoming a new mode of travel.

  With the rapid development of the industry, Huawei BU also entered a period of rapid growth in 2024. At present, the cumulative shipment of Huawei Gankun Zhijia ADS has exceeded 500,000 sets, and the cooperative models cover sub-tracks such as cars, SUVs, MPVs and off-road, including extended range, pure electric and hybrid power modes. According to statistics from the third party, Huawei ranks first in the sales list of NCA vehicles in urban areas in China. In the sales ranking of more than 300,000 luxury brands equipped with NCA models in urban areas, Huawei’s sales of Gankun Zhijia cooperative models ranked first; Both exceed the sum of the second and third places.

  In the live broadcast, Jin Yuzhi also revealed the development plan of Huawei Gankun in 2025 for the first time. He said that in 2025, dozens of new cars equipped with Huawei Gankun Intelligent Driving ADS will be listed one after another; In research and development, Huawei Gankun will continue to invest in research and development of the next generation of ADS under pressure, and cooperate with relevant organizations such as national standards, policies and regulations to jointly promote the commercial and urban L3 pilot of high-speed L3; In addition, the pre-function of VPD parking and driving is expected to be piloted at Shenzhen Airport in January 2025, which will be the first commercial benchmark in the field of intelligent driving in the world. At the same time, Huawei Gankun will also launch the "worry-free parking" right to ensure the convenience and safety of users when using this function from multiple dimensions.

  The "parking space to parking space" intelligent driving function released by Huawei Gankun Intelligent Driving ADS is not only a technological breakthrough, but also a key step towards L3. Driven by technological innovation, Huawei Gankun is pressing the acceleration button to lead intelligent driving into the next brand-new era.

Legend of Deification: The Fantasy of Sound and Painting and the Innovation of Content of Domestic Animation Films

       Original title: The dreamland of sound and painting and the innovation of content of domestic animated films.

       Since the release of domestic animated films, they have encountered polarized word-of-mouth differences. Undoubtedly, affirming and supporting the development of domestic animated films is the premise for everyone to comment on Legend of Deification. However, this kind of affirmation and support should not be influenced by the surging patriotic feelings, but should be rationally analyzed and thought within the scope of art. In this way, domestic animated films can find a correct and healthy way of sustainable development without being swayed by loneliness or being confused by sweet words.

Fantasy of sound and painting: the game between the advantages and disadvantages of animated films

Compared with live-action movies, animated movies show the characteristics of media materials themselves, showing a very personalized image style. With the continuous popularization and promotion of digital technology, animated films are more fluent and skillful in creating the illusion of sound and painting. Legend of Deification, which has been created for four years, gives the audience a brand-new "deity world" in visual presentation.

In the past, the Youdu Mountain, Guixu, Ladder and Beihai, which existed in myths and legends, were all rendered and displayed in an all-round way in a complete paragraph in Legend of Deification with a form of great visual impact. Compared with the daily connection brought by "truth" in live-action movies, animated movies rely on lines and color blocks to create an image world, which is more mysterious in the unknown world. In other words, even if it appears in a concrete form and image, people still can’t compare it with the objects in their lives because of stylized media materials, so they can maintain the integrity of a unique aesthetic world.

On the other hand, due to habitual cognition, animated films are often simply equated with cartoons. In fact, animated film is not only a children’s film, but also a film type. Look at the screening halls in Legend of Deification. Children under 14 are everywhere. This is unimaginable for a live-action movie. The decline in the threshold for watching movies means that animated films may have a far-reaching impact and are more conducive to the realization of cultural shaping functions. At the same time, animated films can also be strongly related to the popular secondary culture, and can be widely spread through the cooperation of various sub-groups. The illusion of sound and painting created by animated films is quite attractive to young people.

However, the high dependence of animated films on technology also produces instability. Once the technology is insufficient, it will lead to the rupture of the illusion of sound and painting. This kind of rupture is fatal to animated films, which will interrupt the closed state of the audience in the process of watching movies, thus greatly reducing the viewing experience. It can be seen that in Legend of Deification, technical support has done its best, and many scenes show the progress of current animation technology. However, there are still many obvious defects that need to be repaired. For example, when Jiang Ziya was running towards the market with a girl in his arms, his feet were suspended from the ground and lacked the necessary strength and speed. In addition, Jiang Ziya in close range also lacks the necessary upper body details. This is not consistent with the running state. In the absence of corresponding action performance, the vividness of the voice is embarrassing. Because when you obviously can’t see the running state of the character, there is a hard gasp in your ear. This embarrassment will inevitably weaken the attraction to the audience and eventually become the Achilles heel of the work.

New Content: Modern Narration of China’s Story

Telling the story of China well is the mission of contemporary literary creation. Legend of Deification is the modern narrative of China’s story. In the form of animated films, it presents a fairy tale circulating in the blood of China people’s culture. The film tells the story of Jiang Ziya, including not only the remolding of the characters, but also the overall adjustment of the story structure.

The image of Jiang Ziya, the hero, has gone through three stages: youth, middle age and old age. The work shows the process of Jiang Ziya’s belief from establishment, breaking to remolding, instead of directly appearing as the familiar image of "Jiang Taigong", giving the audience a new historical explanation. In addition, there are obvious differences in the image-building of other characters such as Su Daji, Zhou Wang, Nine-tailed Fox and Shen Gongbao. Su Daji has changed from an adult female image that has brought disaster to the country and people to an innocent girl image. All these, to name a few. The drastic change in image gives people a refreshing feeling.

In the story structure, Legend of Deification also has many bright spots. First of all, the focus of the film story is no longer Zhou Wang, da ji and King Wu, but Jiang Ziya’s repeated trials of personal beliefs. The story broke away from the original historical level and continued to speak to the mythical level. Cutting becomes an opportunity, and the key lies in whether to kill the nine-tailed fox. Jiang Ziya’s indecision is an individual’s vigilance against the loss of human nature in the process of evolving into the so-called "God". Secondly, the film takes the nine-tailed fox as the opponent’s strength, and displays it with rich colors, which endows it with tragic color to a certain extent, but from a more essential level, it is to help Jiang Ziya complete the experience of breaking the authority. When Jiang Ziya began to doubt whether "one person" and "sentient beings" were more important, the master who was originally in his heart had actually fallen off the altar.

The change of these two dimensions not only changed Jiang Ziya’s historical narrative, but also changed Jiang Ziya’s behavioral motivation as a mythical figure, and finally shaped him into a modern man. Not afraid of authority, keeping the original heart, became the summary of Jiang Ziya’s spirit.

Literary and artistic works are bound to change, but the changes need to be balanced. Changed, the character story is beyond recognition; Change less, and it’s the same old tune, which is boring. On the whole, Legend of Deification is a relatively successful work. However, there are still some shortcomings in theme refinement and narrative rhythm. The film takes Jiang Ziya’s "personal and ordinary people" inquiry as the core theme, which to some extent lacks resonance with the general audience. Moreover, Jiang Ziya’s inner changes in the film lack great ups and downs, and the protagonist can’t actively promote the progress of the story, which leads to the story being relatively dull, falling into the cliché of narrative procrastination and disordered rhythm, and weakening the strength of the characters. In addition, too many big scenes and a little tired relationship construction make the story telling slow and heavy. This enlightens us that, for China animated films along the way of Princess Iron Fan, Making a scene in Heaven and Lotus Lantern, with the support of rich historical and cultural resources and advanced digital technology, we need to continue to work hard and strive for perfection. (Author Teng Xiaojuan, a lecturer in college of nanjing normal university)

Maybach: A Legendary Journey of Classic Luxury

Maybach brand history

Maybach is a legendary German ultra-luxury car brand, originally founded in 1921 by Wilhelm Maybach and his son Karl Maybach. Maybach was once one of the most famous car manufacturers in Europe, earning a global reputation for its excellent craftsmanship and unique design. However, due to poor market performance, the Maybach series sedan was discontinued in 2013.

The relationship between Maybach and Mercedes-Benz

In 2014, Mercedes-Benz revived the Maybach brand and re-launched it as a premium sub-brand. The new Maybach models are based on development, thus lowering the barrier to entry for Maybach and giving more consumers the opportunity to experience the ultra-luxury brand.

Maybach Model Features

The Maybach model is characterized by its long wheelbase, luxurious interior and powerful powertrain. For example, the body size is very spacious, with a wheelbase of more than 3300 mm, providing an extremely comfortable ride space. For the interior, the Maybach uses top-quality materials such as leather and fine woodwork, as well as advanced technological features such as digital instrument cluster and multimedia entertainment system.

Power and performance

Maybach offers a variety of power options, including 3.0-liter twin-turbo, 4.0-liter twin-turbo and 6.0-liter twin-turbo engines. These engines are paired with a 9- or 7-speed automated gearbox, providing a strong power output and a smooth driving experience. High-performance versions of Maybach models, such as the Maybach Zeppelin, are equipped with a 6.0-liter V12 twin-turbo engine improved by Mercedes-AMG, with an output of up to 471 kW/640 horsepower and a torque of 1,000 Nm, demonstrating the extraordinary performance of the ultra-luxury car.

Market positioning and target consumer groups

Maybach is positioned in the ultra-luxury car market and is primarily aimed at high-end consumers seeking the ultimate in luxury, performance and personalized service. Maybach models are typically equipped with the most advanced configuration and customization services to meet the needs of the most discerning customers.

Latest market trends

According to the latest information, Maybach S-Class 2021 models, such as the S480 4MATIC, continue to maintain the brand’s luxury and performance standards, offering spacious interiors and advanced technical configurations. The exterior design of these models is full of luxury and refinement, and the interior decoration is luxurious and fully equipped to provide a comfortable ride experience and excellent performance.



How energy-saving can an extended range light truck be? Jiangling E-Road Extended Range Edition is ready!

?With the rise of various freight platforms, a variety of models, including medium and light passenger, have also begun to enter the field of urban distribution and short-distance transportation, and intensified the competition and internal friction in this field. How to get a share of the market in such an internal volume has become a problem that light truck users have to face. In this context, Jiangling Automobile has launched an extended range version of light trucks, aiming to provide an energy-saving and efficient solution for the logistics and transportation industry through the integrated application of innovative technologies. In the "Jiangling Dongpeng Cup" light truck family energy-saving competition, its excellent energy-saving performance is convincing.

So how energy-efficient can an extended range light truck be? And how is it achieved? Jiangling E-Luda Extended Range Edition is obviously well-prepared.

First of all, the Jiangling E-Road Extended Range Edition is based on a new forward-developed platform, which takes energy conservation as one of the core goals at the beginning of its design. It is reported that the Jiangling E-Road Extended Range Edition relies on the new platform, and the whole vehicle adopts a forward design to replan the whole vehicle architecture, which effectively avoids unnecessary mechanical transmission parts and reduces the loss of energy in the conversion and transmission process. At the same time, this design also lays a solid foundation for the vehicle to improve energy efficiency, and the vehicle to be lightweight and efficient.

For example, in terms of vehicle architecture design, Jiangling E Road Extended Range Edition fully considers aerodynamics and vehicle stability. By optimizing the front face design, reducing the drag coefficient, and adjusting the chassis layout, it reduces the wind resistance and rolling resistance during driving. For example, the vehicle adopts a low-drag integrated shroud to reduce air resistance, and the leveling treatment of the chassis effectively reduces the lift of the vehicle during driving and enhances the vehicle’s grip.

Secondly, the Jiangling E-Road Extended Range Light Truck is equipped with a high-efficiency range extension system independently developed by Jiangling. Among them, the 1.5T gasoline engine dedicated to range extension applies low-temperature combustion system, intelligent control thermal management system, composite low-friction design and other technologies, and the thermal efficiency reaches 43.5%, which makes the fuel burn more fully and improves the fuel utilization rate. Combined with the range extender is the motor/electronic control system on the same platform as Huawei Smart Choice, and the efficiency of the generator + electronic control system reaches 96%. The motor is equipped with a Bosch high-efficiency high-torque flat-wire motor, with an efficiency of 97%, which can achieve efficient use of electric energy.

At the same time, the Jiangling E-Luda Extended Range Edition is also equipped with an advanced energy management system, which can monitor and optimize the working status of the battery and internal combustion engine in real time. It is reported that the Jiangling E-Luda Extended Range Edition has three energy management modes: pure electric priority, fuel priority, and high-speed mode, which correspond to different power protection strategies of the battery.

For example, in pure electric priority mode, the vehicle will preferentially consume battery power. If the power is lower than 20%, the range extender will start to intervene; in fuel priority mode, the power will ensure that the power is around 90%. If it is lower than this value, the range extender will intervene. After calculation, the minimum cost per kilometer of the car in pure electric state is 0.3 yuan, and the minimum cost per kilometer in the range extension mode is 0.7 yuan. The cost of the car is only "half" of the fuel light truck of the same level.

In addition, by replacing the traditional fixed-point working mode with AI algorithms, Jiangling E-Road has also realized the intelligent energy management of the whole vehicle. The system automatically recognizes the vehicle speed, door depth, road slope, ambient temperature, and vehicle acceleration information, and matches the optimal working strategy of the range extension system. It claims to achieve a "6% reduction" in the energy consumption of the whole vehicle.

It is worth mentioning that, thanks to the intelligent control strategy of the hybrid light truck independently developed by Jiangling, the Jiangling E-Road Extended Range Edition can also grasp the weight information of the vehicle in real time through the vehicle weight detection system, adapt to customer usage scenarios, and intelligently adjust energy recovery, which can save 4% compared with the traditional taxiing recovery strategy.

Facing the battery life problems of card friends, Jiangling E-Road Extended Range Edition is also well-prepared. Thanks to its pioneering battery pack and frame PTC structure solution (Pack to Chassis, PTC), the industry-leading ultra-high-strength steel QSTE650TM frame is integrated with the central integrated battery pack design. Not only is it equipped with a large battery pack with a capacity of up to 50kWh, but it is also equipped with a large fuel tank of 70L, which greatly exceeds the level of the industry. Supplemented by a series of intelligent management of vehicle power consumption and fuel consumption, Jiangling E-Road Extended Range Edition can reach 140km at full load in pure electric mode, and 750km at full load in full fuel and full power in extended range mode.

Through the new positive development platform empower, as well as technological innovations in vehicle architecture design, range extension system, energy management mode, large-capacity battery pack and large fuel tank, Jiangling E-Luda Extended Range Light Truck has shown its strong strength in energy saving. This model not only meets the current logistics and transportation industry’s demand for high efficiency and energy saving, but also points out the direction for the future development of green logistics. With the continuous advancement of technology and further development of the market, Jiangling E-Luda Extended Range Edition is expected to become a new benchmark in the energy-saving light truck market!

Wanda financing fog

Titanium media note: This article comes from WeChat official account Phoenix WEEKLY Real Estate (ID: FHZKDC), author | Fu Linlin, editor | Cao Bei, titanium media is authorized to publish.

On the last day of the deadline, Wanda submitted its prospectus for the fourth time. The same thing was repeated several times, but Wanda still failed to go public.

Just before the announcement of the prospectus, Wanda Commercial Management suspended its application for the issuance of 6 billion-scale small public bonds.

In the first half of this year, Wanda lived between two faces: on the one hand, a string of excellent figures were presented to the regulators, waiting to be listed in the capital markets; on the other hand, the issue of the capital chain was directly put on the table, questioned by the China Securities Regulatory Commission, frozen equity, and project rights protection.

No one can give a definite answer. What happened to Wanda?

But expectations for the company have clearly reversed, from the prospect of returning to the top of the housing company to being in the quagmire, waiting for rescue.

On June 28, the official website of the Securities Supervision Commission announced the notice of the suspension of registration procedures for domestic bond issuance by Dalian Wanda Commercial Management. The planned issuance scale of the small public offering is 6 billion yuan, and the main underwriters are Guotai Junan and Kaiyuan Securities.

This is Wanda’s initiative to apply for the suspension of bond registration. In the face of the difficulties in financing real estate enterprises, the reasons behind the suspension of registration by Wanda Commercial Management have caused a lot of speculation, many of which are related to the listing of Zhuhai Wanda.

Wanda’s explanation is that Dalian Wanda Commercial Management terminated the issuance of small public bonds because the market conditions did not meet the company’s expectations and voluntarily gave up the issuance. However, the suspension of the bond registration process of the distribution company will not have a significant impact on the company’s liquidity in the short term, and it does not rule out resubmitting the bond issuance application in the future if conditions are met.

According to relevant regulations, if the China Securities Supervision Commission and the stock exchange decide to suspend the review based on the application of the issuer and the lead underwriter, after the relevant circumstances disappear, the issuer and the lead underwriter may apply to the China Securities Supervision Commission and the stock exchange to resume the review.

The bond has experienced many twists and turns since the application began.

On March 21, the website of the Securities Supervision Commission issued an inquiry letter on the application documents of the joint stock company of Dalian Wanda Commercial Management Group to disclose the bonds of the distribution company to professional investors.

Zhuhai Wanda, a subsidiary of Wanda Commercial Management Group, is currently applying for listing on the Hong Kong Stock Exchange. If the listing is not successful at the end of 2023, Wanda Commercial Management Group needs to pay about 30 billion yuan to pre-listing investors for share repurchase.

The Securities Supervision Commission requested Wanda Commercial Management Group to further post script on the listing progress of its subsidiary Zhuhai Wanda and assess the impact of the above matters on the issuer’s short-term solvency.

According to the disclosure of the application materials, in the past three years and the first phase (2020, 2021, 2022 and 2023 January-March), the net cash flow generated by the financing activities of Wanda Commercial Management Group was – 24.50 billion yuan, – 32 billion yuan, – 11.30 billion yuan and – 18.20 billion yuan.

The Securities Supervision Commission requires Wanda Commercial Management Group to post script the reasons and rationality for the continued large negative net cash flow of financing activities, and to evaluate the impact on the repayment of this bond.

According to the "Administrative Measures for the Issuance and Trading of Corporate Bonds" (Order No. 180 of the Securities Supervision Commission), Wanda Commercial Management Group is required to implement it item by item and submit a written reply and electronic documents to the Shanghai Stock Exchange within 3 months. If the reply cannot be made on time, the Securities Supervision Commission may make a decision to terminate the review according to law.

At present, Wanda Commercial Management has not replied to the above questions, but has only publicly replied to some news circulating in the market.

A real estate investment and financing person told Phoenix WEEKLY Real Estate: "If Wanda wants to reply, the principal and the law firm must confirm the signature. After this aspect is resolved, the regulators will agree or not."

Shen Meng, a director of Chanson Capital, said: "Suspension of bond issuance is usually chosen after full informal communication with relevant institutions and confirmation that it is difficult to move forward. Therefore, it cannot be ruled out that Wanda believes that the success rate of bond issuance at this time has been greatly reduced based on the current overall situation."

The suspension of bond registration and the issuance of the fourth prospectus at the same time have also raised questions about whether the two are related.

However, a Financial Institutions Group source told Phoenix WEEKLY: "The main body is different. Wanda Commercial Management needs money now, and the money after the listing should be to increase capital to Zhuhai Wanda. The impact on Wanda Commercial Management is that there is no need to deal with the redemption of shares."

In fact, the suspension of the financing of the 6 billion still has an impact on the Wanda business management in a state of tight funds. Recently, there have been rights protection in many places such as Wanda business tickets and housing delays.

Wanda is also raising money by selling stakes in project companies.

On June 26, according to the information disclosed by the National Enterprise Credit Information Publicity System, the shareholders of Wuhan Huada No. 9 Innovation Investment Partnership (Limited Partnership) under Wanda Real Estate changed.

According to the change of shareholders information, Wanda Real Estate Group Co., Ltd. and Huarong Capital Management Co., Ltd. respectively transferred 85.7206% of the shares and 0.3175% of the shares of Wuhan Huada No. 9 Innovation Investment Partnership (Limited Partnership), and the transferee was China Huarong Asset Management joint stock company.

After the equity transfer, China Huarong held 86.0381%, Wanda Real Estate Group Co., Ltd. held 13.9104%, and Huarong Capital Management Co., Ltd. held 0.0515%.

The only foreign investment company of Wuhan Huada Jiu Innovation Investment Partnership (Limited Partnership) is Wuhan Wanda East Lake Real Estate Co., Ltd., which is the project company of Wuhan Central Cultural District.

Here is Wanda’s benchmark project, Hanjie.

According to public information, the Wuhan Wanda Chuhe Han Street Project is located in the Wuhan Central Cultural Center. It is a "world-class cultural tourism project" built by Wanda with culture as the core and integrating tourism, commerce, business and residential functions. The project is the largest investment in the cultural industry of a single project in China. The investment in pure culture reaches 8 billion yuan, the total investment is about 30 billion yuan, and the total construction area is 3.40 million square meters. It officially opened on September 30, 2011.

A person familiar with the matter told Phoenix WEEKLY Real Estate: "In fact, it was in May. On the surface, it was an equity financing. In fact, Chongqing Trust expired and had no money to pay it back. I asked Huarong to do a financing. In fact, it was a real debt."

And "Phoenix WEEKLY Real Estate" found that the project companies under Wanda Real Estate Group are basically 100% shareholding, and only a few trust companies have been introduced as shareholders. It is difficult to guarantee that this method of Wuhan projects will not be replicated in the future. After all, many of Wanda’s real estate projects across the country are facing the risk of shutdown.

The above-mentioned fund person said: "The key is for the Financial Institution Group to recognize Wanda. Trusts are all raised money and cannot come out. Investors will protect their rights."

At present, the financing channel of Wanda Plaza is still smooth.

On June 13 this year, the Shanghai Stock Exchange disclosed that the project status of the first phase of the asset-backed special project plan of CICC Huatai-Wanda Plaza was updated to "Feedback". The bond variety is ABS, the proposed issuance amount is 3.501 billion yuan, the plan manager is Huatai Securities (Shanghai) Asset Management Co., Ltd., the original equity is Dalian Wanda Commercial Management Group joint stock company, and the project acceptance date is March 30, 2023.

This year, the Securities Supervision Commission has conducted two inquiries on Wanda, the first for bond issuance and the second for listing.

Listing is the biggest hurdle for Wanda this year. According to the latest version of the prospectus, in 2022, Wanda Commercial Management will achieve revenue of about 27.12 billion yuan, gross profit of about 12.984 billion yuan, profit before tax of 9.303 billion yuan, and net profit attributable to shareholders of about 7.503 billion yuan.

In terms of business scale, by the end of 2022, Wanda Commercial Management managed 472 commercial plazas with a construction area of 65.60 million square meters under management. In 2020, 2021 and 2022, the average occupancy rate of Wanda Commercial Management’s commercial plazas under management (excluding parking spaces) was 98.6%. By the end of 2022, Wanda Commercial Management had 181 reserve projects, including 163 independent third-party projects.

The data is still very bright, but the key question, Wanda still did not reply.

In June, the Securities Supervision Commission released the latest "requirements for publicity of supplementary materials for the filing of overseas issuance and listing", of which Zhuhai Wanda was the first to issue seven requirements, involving six issues.

Among them, it is required to clarify the post-listing fundraising management and red lines, as well as to refine the fundraising management and commitment not to directly or indirectly flow into real estate.

In addition, according to the prospectus, Zhuhai Wanda’s cumulative cash dividends during the reporting period (2019 to 2021 and the first half of 2022) were 13.27 billion yuan, exceeding the total net cash flow from operating activities for the same period by 11.548 billion yuan.

In addition to the huge dividend, Zhuhai Wanda’s shareholder meeting in late September last year approved the "dividend 3.478 billion yuan" proposal. After listing, the board of directors plans to recommend at least 65% of the annual distributable profit to be used for dividends at the shareholder meeting.

The Securities Supervision Commission requires Zhuhai Wanda to explain: the rationality of the cash dividend amount and future cash dividend policy during the reporting period, whether there is a significant impact on the company’s solvency and continuing operation, and the necessity and rationality of implementing this financing in the case of large cash dividends.

The two questions directly point to the relationship between real estate and business management in Wanda’s business.

One analyst said: "In Wanda’s business system, the existing funding problem is the real estate business. The rental income goes to the commercial management, and the depreciation of shopping malls and loan interest go to the real estate. This has resulted in high profit margins in the commercial management business, which is convenient for listing. Before listing, the profits were used to repay the debt of the real estate, but after listing, the money is not easy to do. The problem with the Securities Supervision Commission is that since you have so much profit to pay dividends, why are you still listed for financing?"

Other issues related to corporate governance, the relationship with the parent company, the authenticity of data, and the risk of gambling all require Wanda to resolve them one by one.

"With Wanda’s current business income, if the Zhuhai Commodity IPO cannot go ahead, Wanda’s solvency may be greatly weakened," Ms Shen said. "Zhuhai Commodity IPO has been delayed and Dalian Wanda has suspended bond issuance, which will exacerbate the tension in Wanda’s capital chain and even cause liquidity risks."

For Wanda, the top priority is to go public, but under the many problems, it is difficult to attract widespread attention by submitting a listing application four times. The outside world is only waiting for the end of the year. Before that, this giant ship is still sailing in the fog. If it wants to go public smoothly, it may first have to sail out of the fog.

Meituan buys medicine: After New Year’s Day, the demand for A and B drugs will rise, and Beijing, Shanghai, Guangzhou and Shenzhen can already "check at home".

On January 4, the National Influenza Center released the 52nd week of "Influenza Surveillance Weekly Report". The monitoring data showed that the positive rate of influenza virus testing in southern provinces increased this week, while that in northern provinces decreased. The A (H3N2) subtype (that is, influenza A) is the main type, and the proportion of B (Victoria) series (that is, B) continues to increase. During the same period, the Meituan Drug Buying Health Index on January 5 shows that the national A and B stream-related drugs oseltamivir and Sufuda have fallen behind after a short period of demand last week, and the search and order volume of drugs have shown an upward trend this week. At present, Meituan Pharmaceutical has opened a home express inspection service in Beijing, Shanghai, Guangzhou and Shenzhen. Doctors remind a variety of influenza and respiratory diseases during the epidemic period, and it is meaningful to identify the

According to CCTV news client side news, Shanghai Children’s Hospital’s recent outpatient and emergency patient test results show that the total number of influenza patients has not changed in recent times, but the proportion of outpatient and emergency influenza patients has risen from less than 10% in early December to more than 40% in recent days. But overall, there are still more A-stream patients than B-stream patients. Meituan’s health index shows that in addition to the growth of A-stream and B-stream drugs, the search for cough medicine dextromethorphan nationwide has nearly doubled this week. Nasal congestion, runny nose, cough, sore throat, and fever have become high-frequency terms for recent inquiries.

Figure: In the past week, right methorphan has nearly doubled, and nasal congestion, runny nose, cough, sore throat, and fever have become high-frequency words for recent inquiries (Source: Meituan Drug Buying Health Index)

From a city-by-city perspective, the order volume of oseltamivir Shenzhen has nearly doubled in the week; the order volume of Sufuda in Changzhou, Taiyuan, Fuzhou, Dalian and Shantou has more than doubled in the week; the order volume of dextromethorphan in Xuzhou, Taiyuan and Huizhou has more than doubled in the week. Overall, the jump rate in East China and South China is more obvious, and everyone still needs to pay attention to protection.

Figure: Influenza-related drugs as a whole have jumped more significantly in East China and South China (Source: Meituan Buying Drug Health Index)

After the recent B-stream related news frequently appeared on the hot search, many netizens also said: "I thought that the A-stream was about to be sent away, but I didn’t expect the B-stream to come again. After I have symptoms, I don’t know what virus I have been recruited?" In this regard, the person in charge of the Meituan Pharmaceutical Pharmacy Service Center introduced: "Among the several epidemic diseases that have received high attention recently, the A and B stream has the characteristics of urgent onset, hot topic, headache, and muscle soreness all over the body. The body temperature often peaks within a few hours or 24 hours, reaching 39-40 ° C, or even higher; COVID-19 patients usually have fever, cough, shortness of breath, fatigue, headache, sore throat, and myalgia symptoms, and a small number of patients will have abnormal sense of smell and/or taste; while the common cold is mostly caused by viruses, a small part is caused by bacteria, and local symptoms are the main ones, including sneezing, runny nose, nasal congestion, sore throat, cough, etc. Generally, there are few fever symptoms, or only low fever. If you can’t tell the difference, you can test the results first and then treat it symptomatically. "

Ms. Fei, who lives in Beijing, has been sneezing frequently recently, has a runny nose, coughs, has a dry and itchy throat, and her whole body is sore. Because she doesn’t know what type of disease she is suffering from, she first ordered the "home express inspection" service on Meituan to buy medicine. She received the test report in about three hours and found that she was not infected with A and B. Then, Ms. Fei asked the doctor at the entrance of Meituan to ask the respiratory physician of Tier 1 hospital how to take medicine. The respiratory doctor who received the treatment asked Dr. Liu in detail about Ms. Fei’s specific symptoms and medication. According to the test results and the patient’s symptoms, it is more likely to consider ordinary influenza. Therefore, she prescribed relevant medicines for Ms. Fei and provided detailed medication instructions and health suggestions.

The relevant person in charge of Meituan Pharmaceutical Pharmacy Service Center specially reminded that antiviral drugs should be taken symptomatically according to the doctor’s instructions. You should not reduce the dosage or blindly stop the drug after the symptoms are relieved. You need to take it in sufficient quantities and for a full course of treatment under the guidance of a doctor. Similar antipyretics cannot be taken together. For example, ibuprofen and acetaminophen are both non-steroidal antipyretic and analgesic drugs. Avoid combining them to avoid overdose or toxic synergy. Do not take cold medicines containing the same ingredients repeatedly. Most compound cold medicines contain acetaminophen to avoid liver damage caused by overdose of acetaminophen. During the medication period, you should avoid smoking, alcohol and spicy, cold and greasy foods. It is not advisable to take tonic traditional Chinese medicine at the same time during the medication.

At the same time, the New Year’s Day holiday has ended, and the person in charge of Meituan Pharmacy Service Center also reminded that after the holiday, you should pay attention to the adjustment of work and rest, especially after returning from foreign travel, you should keep warm or take off clothes according to the specific situation. In addition, daily preventive measures are essential to block the spread of B stream. It is recommended that you pay more attention to your own situation and maintain good hygiene habits.