月度归档： 2024 年 1 月

SHEIN, the four major brands, linked China’s manufacturing innovation forces to conquer overseas fashion consumers.

Recently, the British media reported an interesting story. In order to cope with the high rent, blogger Eloura got an abandoned RV from Facebook Marketplace for free, and made DIY transformation by buying goods from SHEIN and Amazon. In just four weeks, Eloura successfully converted the wet and dilapidated RV into a warm home and stayed with the children.
The whole transformation process she shared on social media attracted the attention of netizens around the world, and has won more than 1 million views and thousands of likes. Netizens not only appreciated her innovative and practical renovation plan, but also expressed surprise that she only used SHEIN and Amazon online shopping products to complete the whole home decoration and daily necessities.
In fact, China-made products with good quality, low price and fashionable design are deeply loved by overseas consumers. Many bloggers like Eloura are not only keen to explore novel online shopping experiences, but also willing to show their shopping achievements on social media and share various goods purchased from cross-border e-commerce platforms in China through "out-of-the-box" videos.
According to the latest survey released by Women’s Wear Daily, SHEIN, a cross-border e-commerce company from China, is the most enthusiastic purchase channel and fashion brand of "out-of-box" videos on TikTok, and the number of times that "SHEIN" appears in the out-of-box videos accounts for 42% of the total display of household goods and clothing. On this website, the topic about #SHEINhaul has reached an astonishing 14.9 billion views so far.
According to social media websites, the related short video topic of #sheinhaul has received 14.9 billion views.
In online forums and short videos about fashion shopping experience, foreign netizens often mention SHEIN, just like talking about the "rabbit hole" that led Alice to explore the fantasy world. Especially among the young consumers represented by Generation Z, this group of "Internet users", who account for 25% of the world’s total population, are keen to show their individuality and diverse aesthetics, and have become the most active opinion leaders in the field of affordable fashion. They hold a high degree of recognition and buying habits for purchasing fashion clothes on the SHEIN platform. Their product recommendation and sharing behavior (that is, "planting grass show") has greatly promoted other categories of goods on SHEIN to the forefront of the trend.
Let’s look back to China from the front line of overseas trends. Duqiao town, which is near the sea in Zhejiang Province, is the "hometown of glasses" in China, and has been focusing on designing, assembling and manufacturing glasses for more than 40 years. Chen Yuheng, the seller, took over the glasses business from his father’s hand "half-succeeded and half-started". After two years in the SHEIN platform, he successfully built a personal "fashion glasses showcase" in overseas markets. Now, he has successfully launched more than 500 explosions of single products with remarkable achievements.
Before joining SHEIN, Chen Yuheng’s family business focused on providing overseas customers with foreign trade orders for glasses for a long time, and these products were mainly supplied to local supermarkets and large retail markets. Due to the low demand for glasses style updating in such sales channels, companies in Chen Yuheng have long been limited in the production of basic styles, and it is difficult to make a breakthrough in the strategy of going to sea.
After entering SHEIN, Chen Yuheng can face overseas consumers directly, actively combine the trend guidance provided by the platform and innovation of consumption hotspots to make glasses, and constantly try styles, colors and new materials through small-scale measurement, so as to deepen the understanding of market preferences and adjust its production and operation in time.
With the continuous expansion of the target consumer groups, Chen Yuheng needs to design and develop more and more glasses styles, which also promotes the continuous expansion of his team. At present, the cross-border e-commerce business has brought more than half of the sales growth to Chen Yuheng family company. In order to meet the needs of e-commerce business, he personally set up and strengthened the product development department and operation department, and the number of employees in the factory has also successfully doubled. Driven by the booming market demand, thanks to the help of SHEIN platform, Chen Yuheng has successfully upgraded and innovated the traditional glasses production line, greatly improved the production capacity and modernized it, and successfully opened up a new situation in overseas markets.
Based on more than 10 years of global brand experience, SHEIN, one of the four major brands in the world, helps businesses and brands build their global capabilities with full-link digital supply chain capabilities and a huge global marketing network and traffic base, and helps businesses grow throughout their life cycle through diversified operations and operational empowerment. In the future, with the vigorous development and further deepening of the platform strategy, SHEIN will continue to focus on the road of flexibility and lean, and continue to help industrial transformation and upgrading and internationalization. SHEIN also expects more businesses to try to innovate like Chen Yuheng, and explore the market potential together with SHEIN to create more competitive explosive products!
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Car sparring market chaos： having a driver’s license can be regarded as a lack of legal norms

Illustration Song Xi

　　I got a new car, but I didn’t dare to rush on the road; I passed the driver’s license test, but I haven’t touched the car for many years … … In order not to be a "road killer", more and more novice drivers choose to go online to make an appointment with a car to familiarize themselves with driving skills quickly and enrich their practical experience. However, many people encounter the problem of sitting on the ground and starting at a price during the sparring process, and find that the guidance content is not professional, and the whole industry even has problems such as lack of standards and supervision.

　　market quotations

　　Fifty or sixty to more than one hundred per hour.

　　With a driver’s license, you can take orders as a sparring partner.

　　Seeing that the index of winning the lottery is about to expire, Xue Lin recently decided to formally join the car owners. "The reason why I didn’t buy it was actually because I didn’t dare to drive. I was afraid that it would be difficult to pick up the car and go home." Although it has been five years since I got my driver’s license, Xue Lin knows that she is still a novice with zero experience. "I was still in college when I took my driver’s license test, and I haven’t driven it since. I completely forgot how to drive the manual gear, even if it is an automatic gear. It really makes me nervous on the road. What’s more, those who learned in the driving school were all exam-oriented, and most of them relied on rote memorization and recording points. The actual road conditions were more complicated than that. "

　　Open a classified information network and enter the keyword "sparring". Xue Lin quickly found a large number of related businesses. "There is a special sparring company, saying that it can provide a variety of sparring cars, charging by the model. The 10-hour class package is the most common, ranging from 50 to 60 yuan per hour on average, and it is also allowed to bring your own car. In the past, you can add money to install a secondary brake." According to the introduction on the webpage, Xue Lin found that the sparring contents of various companies are similar. "Generally, dozens of items will be listed, including basic rearview mirror adjustment and dashboard introduction, as well as various road driving characteristics such as overpass and roundabout, skills of meeting cars, merging lines and parking methods, etc., and some specially provide zero-based classes for timid women’s quick training, or develop humanized sparring courses for middle-aged and elderly people and those with driving psychological obstacles."

　　Who will be the sparring partner? It is also a concern of Xue Lin. "Some are retired driving school coaches, and some are veterans, but most of them have no special qualifications or documents. At most, they have some sparring experience." In browsing and comparing, Xue Lin also found that sparring doesn’t seem to be a barrier to entry. "Some of them are purely personal, just send a mosaic driver’s license and say ‘ I have plenty of time, low fees and skillful driving skills ’ You can hang out the title of sparring and take orders independently. "

　　Through consulting customer service, Xue Lin learned that different companies have great differences in terms of agreements. "Some will sign written agreements in advance to stipulate the charging standards and accident responsibilities, but the specific terms of the agreements have always been drawn up by the companies themselves, and some are only verbal promises. According to the actual situation, there is no basis for this."

　　meet with

　　Temporary fare increase for sparring partners

　　If you don’t accept it, you will be fined.

　　After weighing it again and again, Xue Lin booked a 10-hour LaVida automatic sparring project in 700 yuan. "According to the customer service, the sparring staff will come to pick it up, and the company will take insurance in the process. I just need to bring my driver’s license here."

　　After getting on the bus according to the agreed time, the sparring partner asked Xue Lin to get familiar with the car condition briefly, and then motioned to drive away. "Just how far away, let me stop at the roadside. I thought it was for guidance, but I didn’t expect to actually take out a price list." Xue Lin took a closer look and saw that the price above was much more expensive than what I saw on the Internet before. "Like the one I chose, it directly became 1200 yuan." In the face of Xue Lin’s doubts, the sparring staff calmly explained, "That is the basic price online. No matter what you teach, just step on the brakes when necessary. If you want to learn skills, you have to follow the list now. " Xue Lin was so angry that he immediately called the customer service. "I called five or six times, but no one answered, which made me have no way to complain."

　　In fact, Xue Lin’s experience is not a case. In the recent sparring, Wang Miao also experienced a half-way fare increase. "Before leaving, the other party was quite professional, reminding me to adjust my seat and mirror and explain what details I should pay attention to on the road." However, after half an hour, Wang Miao found that the attitude of the sparring partner began to change. "The other party complained that my level was too poor, and I needed to add 500 yuan and upgrade to a VIP class package.

　　Afterwards, Wang Miao found a sparring company to reflect the situation. "The other party was not surprised at all. He directly told me that if I didn’t want to upgrade, I could choose a refund, but I needed to deduct 50% of the liquidated damages, which was equivalent to being taken away from 300 yuan once."

　　The sparring partner took a general sentence.

　　The secondary brake is connected by a steel wire.

　　In contrast, Chen Min was glad that she was not caught in a price dispute, but the guidance of the sparring partner failed to satisfy her. "At the beginning, the customer service gave me a training outline, with more than 30 items of content, large and small. I felt that I should teach it very carefully, but I didn’t follow that at all." After hitting the road, Chen Min found that the sparring partner only took a word in general and lacked maneuverability. "For example, he only said that he would adjust the rearview mirror to his comfortable angle, but how can it be comfortable?" He can’t say clearly. When merging, he asked me to pay attention to the cars coming from behind, but when is the best time to cut over? I still don’t understand, and I feel that I am fooling around. " After returning home, Chen Min searched some teaching videos on the Internet, only to know that there was a lot of stress in it. "There is no free tutorial for sparring with money."

　　What makes Chen Min even more uneasy is that although the car used for sparring has a secondary brake, it looks unreliable at all. "I have carefully observed that the so-called secondary brake is not fixed on the ground like a coach car in a driving school, but the brake in the main driver’s seat is tied with a steel wire, and a pedal is also placed in the co-pilot’s seat. Even if the two sides are connected by a steel wire, the pedal in the co-pilot’s seat is not really fixed on the floor." After searching for this simple version of the secondary brake on the Internet, Chen Min was even more worried. "It is said that this kind of secondary brake is still risky. If something is blocked under the secondary brake, the brake in the main driver’s seat will also be affected. That would be terrible. A device like this should still have a professional risk assessment. "

　　view

　　There is no legal provision for sparring.

　　It is still difficult for drivers to be excused from accidents.

　　"For motor vehicle driver training, the state has special management regulations, including what conditions coaches should have, what documents they hold, etc. Teaching vehicles should meet the requirements of relevant national technical standards, and they should be equipped with auxiliary rearview mirrors, auxiliary brake pedals, fire extinguishers and other safety protection devices. Once an accident occurs, the coaches will also bear the responsibility, but the situation of sparring is completely different." Zhang Jinpeng, director of the Traffic Management and Transportation Law Committee of the Beijing Lawyers Association, said that at present, the state has not issued relevant laws or management regulations for car sparring, so there is no unified standard for reference. "From the sparring personnel, how long is the driving experience or what training is qualified? For sparring vehicles, is it legal and feasible to install the auxiliary brake pedal privately? From the content of sparring, who is in charge of how to deal with emergencies? From the perspective of sparring institutions, does the actual business conform to the scope of industrial and commercial registration? All these questions need to be answered. For this reason, the whole sparring industry is in a state of chaos. "

　　Under the chaos, how to deal with potential risks and disputes? Although many sparring companies claim to have full insurance, Fan Li, director of the Automobile Drivers Working Committee of China Road Transport Association, said that this does not mean that drivers can be exempted. "Unlike driving schools, although some people sit in the co-pilot position during sparring, even the auxiliary brake pedal will be installed, the driver already holds a driver’s license. Once a major accident occurs, causing personal injury, the driver must bear the responsibility. As for how to determine the responsibility of sparring personnel, it needs to be carried out by the public security department or the court according to the agreement between the two parties.

　　"Even if you really need to find a sparring partner, it is best to choose a qualified formal institution." Zhang Jinxi said, "Some driving schools can consider providing this service. After all, coaches have certain guarantees in professionalism, and there are also coaches that have been professionally modified and meet relevant technical standards, which are more reliable in safety. However, in terms of price and flexibility, it is necessary to continuously optimize and improve through market competition. "

　　In Fan Li’s view, the emergence of sparring chaos largely reflects the shortcomings of motor vehicle driver training and examination. "It stands to reason that if you have a driver’s license, you should have the ability to drive a motor vehicle on the road independently, and sparring does not need to exist in large numbers. But the reality is that many driving schools are opportunistic, which makes it difficult for students to learn the real skills, and the examination items are not scientific. Many people will get the certificate but can’t drive. This is the crux that needs to be resolved urgently. " (Reporter Zong Yuanyuan)

Nearly 90% of the constituent stocks rose! The favorable financial policy boosted the real estate index to rise by more than 3%

Yang Guangwang Beijing January 26 th news (Reporter Sun Yuxiang Intern Gao Jiashuang)Thanks to favorable financial policies, the real estate sector continued to rise sharply on the 26th.
On the 26th, the Wind real estate index rose by 3.03%. Of the 112 constituent stocks, 99 rose and only 9 fell. The whole day’s turnover was 5.585 billion shares, with a turnover of 26.147 billion yuan.
Recently, the central bank, the General Administration of Financial Supervision, the Ministry of Housing and Urban-Rural Development and other departments have successively issued policies conducive to real estate financing, or actively expressed their support for the stable and healthy development of the real estate market.
According to market analysts, the ability and space of financial support for real estate are expected to be further extended. The favorable policies and positive attitudes of various departments are expected to promote the restoration of confidence in the real estate market and provide room for valuation repair.
On the morning of January 26th, the deployment meeting of the coordination mechanism of urban real estate financing of the Ministry of Housing and Urban-Rural Development emphasized that accelerating the implementation of the coordination mechanism of urban real estate financing was effective, supporting the development and construction of real estate projects, and meeting the reasonable financing needs of real estate enterprises with different ownership equally. All localities should focus on projects, pay close attention to research and put forward a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their respective administrative areas, and accurately and effectively support reasonable financing needs.
On January 25th, the State Council Press Office held a press conference, in which Xiao Yuanqi, deputy director of the State Financial Supervision and Administration, introduced the follow-up work arrangements in the real estate field. On the evening of January 24th, the General Administration of Financial Supervision and the People’s Bank of China jointly issued the Notice on Doing a Good Job in the Management of Operating Property Loans.
The press conference on the 25th put forward four key points on the recent financial work in the real estate sector. They are: accelerating the implementation of the coordination mechanism of urban real estate financing, and pushing the list of real estate projects that can be given financing support to financial institutions within their respective administrative areas under the coordination mechanism led by the city government.
Guide financial institutions to implement the management requirements of operating property loans, especially to clarify that the operating property loans issued can be used to repay the stock loans of housing enterprises and issue open market bonds before the end of this year.
Continue to do a good job in personal housing loan financial services, and further optimize personal housing loan policies such as down payment ratio and loan interest rate due to the city’s policy.
It is required to vigorously support the construction of "three major projects" (affordable housing construction, "flat and emergency dual-use" public infrastructure construction, and urban village reconstruction) and form a physical workload as soon as possible.
"The new regulations on operating property loans are expected to ease the pressure of capital outflow of enterprises in 2024, which is conducive to the inflow of corporate financing cash flow and to improving the confidence of the main body of the industrial chain." According to the research report of CITIC Securities, in addition, demand-side policies such as declining mortgage interest rates will also help to support the real estate market.
The research report of CICC believes that the ability and space of financial support for real estate may be further extended in combination with the recent monetary policy adjustment (RRR reduction) of the central bank. In addition to certain achievements in the field of property security, the financing support for real estate projects under the principle of marketization and rule of law is expected to be more accurate and sufficient in the future, and the development enterprises can obtain a certain increment in operating property loans, which is expected to have a positive effect on relieving potential cash flow pressure. The "three major projects" are also expected to get more financing support besides PSL tools to support the acceleration of physical work.
The open source securities research report also said that since 2024, the "three major projects" have accelerated significantly, or will stimulate real estate investment.
"A series of statements made by relevant ministries and commissions are expected to promote the restoration of confidence in the real estate market and provide valuation repair space for the sector." Huatai Securities Research Report also pointed out that the sustainability of repair depends on the speed and extent of fundamental repair.
In view of the investment prospects of the real estate sector, the open source securities research report said that the current valuation level, allocation ratio, market expectation and industry fundamentals of the real estate sector are at a low level, and the policy window period is worthy of attention. "Continue to be optimistic about strong credit housing enterprises with high investment intensity, excellent layout area and marketization mechanism."
The research report of CICC suggests paying attention to high-quality dividend stocks and "three major projects" concept stocks. At the same time, if the recently introduced supply and demand policies gradually form a joint force to promote the actual improvement of fundamentals in the medium term, the average-quality housing enterprises with valuation advantages will also benefit.
At the same time, the State Council State-owned Assets Supervision and Administration Commission (SASAC) recently stated that it will assess the market value management of central enterprises, and many institutions expressed optimism about real estate central state-owned enterprises.
"The valuation and performance of real estate central state-owned enterprises are double-bottomed, and the layout value appears." Guojin Securities Research Report said that at the valuation level, the current A-share real estate sector PB valuation has dropped to 0.65 times, typical central state-owned enterprises such as A-share Poly Development PB valuation is 0.59 times, Hong Kong stock China Overseas Development PB valuation is 0.34 times, and China Resources Land PB valuation is 0.66 times, all of which have fallen to the bottom of history; On the performance level, the short-term performance of real estate enterprises has been under pressure due to the decline of gross profit margin and the increase of impairment. However, high-quality central state-owned enterprises such as Jianfa, Huafa and Yuexiu still have positive growth in sales at the operating end, which supports the improvement of future performance.
"The State-owned Assets Supervision and Administration Commission will assess the market value management of central enterprises. It is expected that high-quality central state-owned enterprises will boost market confidence by increasing the dividend ratio (increasing the dividend rate under low valuation), increasing the holdings of major shareholders, and repurchasing companies, and the value of the bottom layout will appear." Guojin Securities Research Report said.
CITIC Securities Research Report also emphasizes that the operating cash flow of central enterprises in real estate continues to be positive, which has a solid foundation for increasing the dividend ratio. It is expected that the cash dividend ratio of outstanding central enterprises in 2023 will increase compared with previous years, and they are optimistic about development enterprises with high-quality assets and operational capabilities and the head asset operation platform.(Yang Guang Capital Eye)
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A number of policies injected confidence into the market.

　　These days, policies and measures related to the real estate market have been intensively introduced, which has boosted the confidence of all parties in the stabilization and recovery of the real estate market. On the demand side, the cost of buying a house is reduced by "recognizing the house without recognizing the loan" and "personal income tax rebate for buying a house"; Supply side, promote the improvement of financing situation of real estate enterprises. At the same time, local governments are still expanding the space for adjusting and optimizing policies because of the city’s good use of the policy toolbox. "Golden September and Silver 10" is the traditional peak season of real estate market sales. With various support policies, people are full of expectations for the upcoming September market.

　　Recently, the Ministry of Housing and Urban-Rural Development, the People’s Bank of China and the General Administration of Financial Supervision jointly issued the Notice on Optimizing the Criteria for Determining the Number of Housing Units in Personal Housing Loans, which promoted the implementation of the policy and measures of "recognizing the house without recognizing the loan" for purchasing the first home loan. The Notice clarifies that when households (including borrowers, spouses and minor children) apply for loans to buy commercial housing, if family members do not have complete housing under the local name, banking financial institutions will implement the housing credit policy according to the first housing regardless of whether they have used loans to buy housing. This policy is included in the "one city, one policy" toolbox for cities to choose independently.

　　According to statistics, at present, there are still about 18 first-and second-tier cities that implement the policy of "recognizing housing and recognizing loans". That is, if you have applied for a loan, you can’t implement the down payment and loan interest rate of the first home, regardless of whether there is a real estate under your name. After the implementation of the policy of "recognizing the house without recognizing the loan", it is good news, especially for the families with improved demand of "selling one and buying one". After selling a house without a house, they can enjoy low down payment and low loan interest rate according to the purchase of the first house, and the pressure of raising down payment and repaying mortgage loans will be reduced.

　　"Recognition of housing and recognition of loans" is a regulatory policy to curb speculation in the overheated market. At present, the relationship between supply and demand in the real estate market has undergone major changes. However, due to the high cost of buying houses, there are still many rigid and improved needs that have not been effectively met. More effective and precise policies are needed to stimulate market vitality.

　　This time, "recognizing the house without recognizing the loan" is the performance of policy adjustment. This policy will help reduce the cost of housing purchase for residents and better meet the demand for rigid and improved housing. As the main responsibility of real estate regulation and control lies in local governments, it is believed that with the implementation of the policy of "recognizing houses without recognizing loans" in various localities, it will have a certain driving effect on the market.

　　Recently, the Ministry of Finance, the State Administration of Taxation, and the Ministry of Housing and Urban-Rural Development issued the Announcement on Continuing the Implementation of Individual Income Tax Policies to Support Residents to Purchase Houses. From January 1, 2024 to December 31, 2025, taxpayers who sold their own houses and repurchased their houses in the market within one year after the sale of their existing houses were given preferential tax rebates.

　　As early as September 30, 2022, the Ministry of Finance and the State Administration of Taxation issued a document clearly stating that from October 1, 2022 to December 31, 2023, taxpayers who sold their own houses and repurchased their houses in the market within one year after the sale of their existing houses would be given preferential tax refund for the personal income tax paid for the sale of their existing houses. The three departments issued a document to continue the previous preferential policies of personal income tax rebate, which will help families who buy houses for improved needs to reduce the expenditure of house exchange funds, reduce the cost of buying houses and promote the release of housing consumption potential.

　　On August 27th, WeChat official account, the WeChat of China Securities Regulatory Commission, announced that it would balance the primary and secondary markets and optimize the supervision arrangements for IPO and refinancing, which made it clear that the refinancing of listed real estate companies was not restricted by the break, net loss and loss. This will help listed real estate enterprises to refinance and ease the financial pressure. At the same time, the CSRC’s new financing policy for the real estate industry will help all parties, especially commercial banks, asset management institutions and other financial institutions to improve their expectations for the real estate industry and optimize the financing environment of real estate enterprises.

　　Some cities have actively introduced relevant policies to help the real estate market stabilize and rebound. On August 25, Jiaxing, Zhejiang Province issued 21 measures to further promote the stable and healthy development of the real estate market, among which it was clear that it would support the reasonable demand of all households and no longer limit the number of houses purchased; All commercial housing (including the original restricted housing) is no longer restricted from transfer. Xiamen recently reduced the down payment ratio of second-home housing provident fund to 40%. Shanxi Province recently said that it will promote the stable and healthy development of the real estate market by promoting housing consumption, improving housing supply and exploring existing home sales. Recently, Hunan Province proposed that in view of the double contradiction between sluggish demand and poor supply, we should manage demand on the one hand and optimize supply on the other, and strive to promote the stable and healthy operation of the real estate market through the efforts of both supply and demand.

　　The favorable policies on housing are not limited to these. On August 25th, the Standing Committee of the State Council deliberated and adopted the Guiding Opinions on Planning and Building Affordable Housing, demanding that the planning and design of affordable housing should be well done, the construction should be promoted by means of reform and innovation, the quality of housing construction should be ensured, and the construction of supporting facilities and the supply of public services should be strengthened. This shows that on the basis of building the largest housing security system in the world, the construction of affordable housing is still advancing, and the importance of planning, quality and supporting facilities is more emphasized.

　　The adjustment and optimization of many real estate control policies will gradually form a joint force, which will help stabilize expectations and inject confidence into the market. I believe that these more targeted control measures will have a positive effect on the stabilization and recovery of the real estate market. (This article Source: Economic Daily Author: Kang Shu)

Smith’s ＂concussion＂ poster warns doctors against rugby league.

??1905 movie network news Concussion, a sports movie starring will smith, recently released its first poster and trailer. On the poster, Smith stood in front of a wall composed of football players’ helmets, thoughtfully. He seems to be caught in a huge dilemma.

The first trailer almost told the whole content of the film. In the trailer, will smith, a brain surgeon, discovered the reasons why rugby players committed suicide one after another after scanning and dissecting the players’ brains. He wants to stand up for the athletes, but his actions are bound to be banned by the top management of the NFL. The dilemma then appeared, and he chose to stand on the side of athletes and victims. And in doing so, it will certainly put him in jail. Smith’s acting skills in the film are the biggest attraction.

According to the real events and characters, the doctor played by Smith is called Bennet Omalu, who is a well-known expert in cranial nerve kinematics. At that time, the article he published with another co-author caused an uproar among the American people and the football world. After a great deal of research and theoretical modeling, these two experts exposed a shocking truth. That is, every professional football player has to experience countless brain impacts in the course of his long career. Some people will have dizziness, trembling and other symptoms, while others will have some symptoms of serious brain sports injuries, which will bring some football players into the result of suicide.

The film was directed by Peter Landesman. His first film in 2013 was also a film adapted from a real event, and he participated in the Venice Film Festival in 2013. At present, "Concussion" has been scheduled to be released this Christmas. There is no doubt that the goal of the film is the award season.

Nine candidates, including flag football and cricket, entered the Los Angeles Olympic Games.

Jingbao Sports | Reporter Deng Fangjia
After 28 major events have been identified, a few days ago, the Los Angeles Olympic Organizing Committee invited nine events, including flag football, cricket, karate, baseball and softball, stick tennis, break dancing, free fighting, squash and automobile and motorcycle sports, to become candidate events for the 2028 Los Angeles Olympic Games. However, which projects can finally break through will not be announced until the IOC plenary session in 2023.
Among these events, cricket and motorcycles made their last appearance in the Olympic Games in 1900, and baseball and softball missed the Paris Olympics after a brief return to the 2020 Tokyo Olympics. Karate made its debut at the Tokyo Olympics, but it was not included in the Paris Olympics. Break dancing became an official event for the first time at the Paris Olympics. Stick tennis became an official Olympic event in 1904 and 1908, and was listed as a performance event in the three Olympic Games in 1928, 1932 and 1948. Waist flag rugby became an Olympic performance in 1904 and 1932; Free fighting and squash have never entered the Olympic Games.
Recently, flag football has attracted much attention in China. As a simplified version of American football equipment, it is attracting more and more people to participate because of its low threshold, light equipment and low confrontation. At the 2022 World Games, flag rugby became an official event. In the United States, where the rugby atmosphere is strong, the flag rugby is considered to be very promising to be on the stage of the Los Angeles Olympic Games.
Cricket, as a very popular sport in Commonwealth countries, has a good foundation and influence on a global scale. It is reported that the Los Angeles Olympic Organizing Committee and the International Olympic Committee will cooperate with international individual sports organizations in the next few months to evaluate each project according to the evaluation criteria.
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Beijing： The reporter visited the National Alpine Ski Center.

　　Cctv news: Pay attention to the news of the Winter Olympics. Alpine skiing is famous for its difficulty and strong appreciation. In a few days, the National Alpine Ski Center, the competition venue of the Beijing Winter Olympics, will welcome the first test activity of the Beijing Winter Olympics. What is the scene in the venue now?

　　The National Alpine Ski Center includes the starting area at the top of the mountain, the intermediate platform, the competition ending area, the distribution square and other supporting facilities, and all the areas are connected by ropeways. Because the ropeway is a key link to ensure the normal operation of the venue, it is very important to overhaul and maintain the ropeway before the competition.

　　The National Alpine Skiing Center is located at the highest peak of Xiaohaituo Mountain in Yanqing, northwest of Beijing. There are 7 tracks designed, with a total length of 21 kilometers and a height drop of 800 meters. It is precisely because of the high drop and long slope of Xiaohaituo Mountain that the National Alpine Ski Center has become one of the most difficult alpine skiing tracks in the world.

　　The National Alpine Ski Center, as one of the newly-built venues of the Beijing Winter Olympics, will be permanently preserved after the games. In the future, it will be built into a mountain sports and leisure park, which can be used as an outdoor development training center in spring, summer and autumn to develop outdoor projects such as mountain biking, mountain climbing, hiking and grass skiing, and build an outdoor sports experience base.

Reunion dinner on the construction site

On February 11th, Lunar New Year’s Eve, 123 builders of Wuchang Binjiang Underground Ring Road Project of China Construction Third Bureau had a reunion dinner in the canteen of the construction site.
Text/Figure Hubei Daily All-Media Reporter Tian Yue Correspondent Wang Teng Du Yanzi
On New Year’s Eve, all families are reunited.
This is a different year for the 123 builders who stick to their posts in Wuchang Riverside Underground Ring Road Project of China Construction Third Bureau.
At 6 o’clock in the evening, steaming braised fish, meatballs and jiaozi were served in turn, and the frontline builders who stayed together day and night raised their glasses to celebrate the reunion dinner.
He: Stick to the construction site for the Spring Festival for six consecutive years.
"Many jobs and many people can’t have a holiday during the Spring Festival. I am just one of them." Jiang Shaowu, head of Wuchang Binjiang Underground Ring Road Project, said. Due to the outbreak of the epidemic in the Spring Festival last year, Jiang Shaowu saw the solicitation order for the company to build Vulcan Mountain. He cancelled his vacation plan, immediately signed up for the construction of Vulcan Mountain, and then joined the Raytheon Mountain.
In August, 2020, Wuchang Riverside Underground Ring Road Project started. Because the pile foundation and floor construction of Linjiang construction section should be completed before the flood season to ensure the early completion and use of the road, the project cannot be stopped during the Spring Festival. Although he failed to have a reunion dinner with his family for six consecutive years, he was ashamed of his family, but for the project to be completed as scheduled, Jiang Shaowu said that he did not regret it.
He: Spent his first Spring Festival away from home.
Zhou Siwei, who graduated from school last July, took the initiative to ask the left-behind project to work overtime because the project did not stop work during the Spring Festival, and spent the first Spring Festival away from home in Han.
"This is the first Spring Festival that I didn’t spend with my parents at home. Although I miss my family, the project department has been very considerate for us and prepared a delicious New Year’s Eve dinner. It is unforgettable and joyful to have so many lovely colleagues to spend together." While speaking, Zhou Siwei connected the video and wished each other well with his family.
They: Both husband and wife stay in Wuhan.
Tian Songbai and Li Xiaoyan, both working in Wuchang Binjiang Underground Ring Road Project of China Construction Third Bureau, have been in Wuhan for almost a year. The couple originally planned to go back to reunite with their 70-year-old parents and two daughters during the Spring Festival. Due to the tight project schedule, they finally decided to stay in Han to continue their work during the Spring Festival. Tian Songbai said: "The unit keeps people in the post, keeps people in the salary, and keeps people emotionally." Overtime wages are also high, so you can earn more money. When you are not busy with your work, you can take a break and go home to visit the elderly and children. "
On the eve of the Spring Festival, the project department prepared a gift package for the left-behind workers. The couple wrapped the gift package layer by layer and carefully handed it to the courier brother. "It’s nothing for us to eat bitterness. We have to let the two girls at home eat more delicious food." After the New Year’s Eve, the couple dialed the video with the children and saw their daughter’s clever appearance. The couple were both sad and deeply gratified.
The project department distributed the Spring Festival gift package to each left-behind person, and paid the salary and bonus in full and on time before the year. Collect the New Year’s wishes of left-behind workers in advance, implement the one-on-one personal tailor model, and help them realize their New Year’s wishes in a personalized way; The project department also opened a construction site cinema to enrich amateur cultural life.
Go out, be bitter and tired, and live a better life for your family. Looking at thousands of lights, the workers shouted sincere wishes in unison: "Wuhan will be better!" "
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The scale is the first in the world! The total assets of China’s financial industry reached 300 trillion yuan.

　　BEIJING, Sept. 24 (Xinhua) Yi Gang, governor of the People’s Bank of China, revealed on the 24th that at present, there are more than 4,500 banking financial institutions, more than 130 securities companies and 230 insurance companies in China. The total assets of the financial industry are 300 trillion yuan, of which the banking industry is 268 trillion yuan, ranking first in the world.

　

　　Information picture. China News Service reporter Zhang Bin photo

　　On the 24th, the first press conference was held in the news center celebrating the 70th anniversary of the founding of People’s Republic of China (PRC). Ning Ji Zhe, deputy director of the National Development and Reform Commission and director of the National Bureau of Statistics, Liu Kun, Minister of Finance, and Yi Gang, governor of the People’s Bank of China, introduced the new development concept to promote the stable, healthy and sustainable development of China’s economy, and answered questions from reporters.

　　At the press conference, Yi Gang, governor of the central bank, said that in the past 70 years, the great motherland has flourished and will soon build a well-off society in an all-round way. The financial industry is also thriving. With the country’s reform and opening up and the promotion of high-quality development since the 18th National Congress, it has made historic achievements.

　　First, a modern financial market system adapted to Socialism with Chinese characteristics has been basically established. After the founding of New China, China started from scratch and quickly established a stable and credible legal tender system. In the 40 years of reform and opening up, the financial industry has ushered in a period of great development and prosperity, and gradually formed a comprehensive and competitive financial market system covering banking, securities, insurance, funds, futures and other fields.

　　At present, there are more than 4,500 banking financial institutions, more than 130 securities companies and 230 insurance companies in China. The total assets of the financial industry are 300 trillion yuan, of which the banking industry is 268 trillion yuan, ranking first in the world. In addition, the bond, stock and insurance markets have also become the second largest markets in the world. The balance of foreign exchange reserves is 3.1 trillion US dollars, ranking first in the world for many years.

　　Second, a financial service system aimed at serving the real economy and benefiting the people has been basically established. Since the founding of New China 70 years ago, China’s financial services have been continuously enriched, and the convenience and inclusiveness of basic financial services such as deposit and loan, payment and settlement, wealth management and investment, and information inquiry have been at the forefront of the world. The registration, custody, clearing, settlement, credit reporting and rating systems of the financial market are basically sound, and the financial infrastructure is constantly improving.

　　Since the 18th National Congress of the Communist Party of China, China has continuously improved the financing services of private enterprises and small and micro enterprises with the structural reform of service supply side as the main line. At the end of August 2019, the loan balance of small and micro enterprises in inclusive finance was 11 trillion yuan, a year-on-year increase of 23%; The loan balance of private enterprises was 45 trillion yuan, a year-on-year increase of 6.7%, and the comprehensive financing cost of enterprises dropped by more than 1 percentage point compared with the average level in 2018.

　　Third, a financial supervision system has been basically established to effectively maintain financial stability. China insists on resolving financial risks through reform and continuously improving the health of the financial system. After the Asian financial crisis in 1998, we resolutely carried out market-oriented reform and reorganization of large commercial banks, effectively handled the risks of rural credit cooperatives and promoted the standardized development of various financial formats. At present, the NPL ratio of the banking industry is 1.99%, the capital adequacy ratio is 14%, and the provision coverage ratio is 180%.

　　China has continuously improved its financial legal system and risk disposal system, continuously optimized its financial supervision system, and enhanced the professionalism and effectiveness of financial supervision. The construction of financial rule of law has been continuously improved. At present, the the State Council Financial Stability and Development Committee has formed a financial supervision framework, in which one line, two sessions, one bureau and local departments are responsible for the overall planning. Since the 18th National Congress of the Communist Party of China, especially since 2018, we have achieved positive results in fighting the tough battle to prevent and resolve financial risks, and handled financial risks in key areas in accordance with the law and regulations. The overall financial risks have shown a situation of convergence and controllability, and market expectations have undergone positive changes.

　　Fourth, an effective financial regulation system has basically been formed. In different historical stages of the development of New China, financial regulation has always strived to keep the value of RMB stable and protect the people’s money bags. Since the reform and opening-up, China has continuously improved the framework of monetary policy regulation to meet the needs of the socialist market economy, focusing on promoting the transformation of the regulation mechanism from direct regulation to indirect regulation. Innovate and improve the monetary policy tool system such as open market business operation, deposit reserve ratio, refinancing and rediscount, and continue to promote the interest rate marketization reform. Establish a dual-pillar regulatory framework of monetary policy and macro-prudential policy, and pay attention to countercyclical adjustment.

　　Fifth, an opening-up system with global orientation and equal competition has been basically established. At present, the market access of banks, securities and insurance has been greatly liberalized, and the share ratio limit will be fully liberalized next year. At present, there are 989 foreign banks in China, 13 foreign securities companies and 57 foreign insurance companies. The exchange rate of RMB is mainly determined by market supply and demand. Since 1994, both the nominal effective exchange rate and the real effective exchange rate of RMB have appreciated significantly. More than 90% of capital projects are convertible and partially convertible. In 2016, RMB officially joined the IMF’s SDR currency basket, and its pricing, settlement, trading and reserve functions have been significantly enhanced. In recent years, China has played a responsible role, actively participated in international exchanges and cooperation, and enhanced the voice and representation of developing countries in international economic and financial governance.

People’s Bank of China welcomes overhaul by law： emphasizing the independence of monetary policy and increasing penalties for violations.

　　After a lapse of more than ten years, another important law in the financial industry ushered in a major overhaul.

　　A few days ago, the People’s Bank of China drafted and issued the Law of the People’s Republic of China on the People’s Bank of China (Revised Draft for Comment) (hereinafter referred to as the Draft for Comment), making it clear that any unit or individual is prohibited from making and selling digital tokens, which does not involve the monetization of the fiscal deficit. The upper limit of fines will be raised to 20 million yuan, and the statutory duties of the central bank will be greatly expanded.

　　This revision emphasizes financial services to the real economy, strengthens financial macro-control, and modifies and improves the responsibilities of the central bank; Establish a dual-pillar regulatory framework of monetary policy and macro-prudential policy, improve the overall supervision system of systemically important financial institutions, financial holding companies and important financial infrastructure, and increase penalties for financial violations.

　　"This is a major revision." Dong Ximiao, chief researcher of Zhaolian Finance, said in an interview with China Business News that under the background of major changes in the current international and domestic economic and financial environment, amending the Law of the People’s Bank of China with the times and strengthening the responsibilities of the People’s Bank of China in macro-prudential supervision and prevention of financial risks will help improve the system construction, create a more suitable legal environment for preventing and resolving financial risks and maintaining financial stability, and also help promote the financial industry to better serve the real economy.

　　According to the central bank, the revision of the Law on the People’s Bank of China is necessary for building a modern central banking system and preventing and resolving systemic financial risks, and it is also in line with the trend of international financial regulatory reform.

　　Establish a macro-prudential policy framework

　　The Draft for Comment includes general provisions, organization, RMB, business, supervision and management responsibilities, supervision and management measures, financial accounting, legal responsibilities and supplementary provisions, with a total of 9 chapters and 73 articles.

　　From the content, it mainly involves eight aspects: emphasizing financial services to the real economy and strengthening financial macro-control. The responsibilities of the People’s Bank of China have been revised and improved. Establish a dual-pillar regulatory framework of monetary policy and macro-prudential policy. Improve the overall supervision system for systemically important financial institutions, financial holding companies and important financial infrastructure. Give further play to the role of the People’s Bank of China in maintaining financial stability and preventing and handling systemic financial risks.

　　And, improve the RMB management regulations, improve the governance system of the People’s Bank of China, improve the means of performing duties of the People’s Bank of China, and increase penalties for financial violations.

　　In terms of revising and improving the functions of the People’s Bank of China, it is clear about drafting major laws and regulations of the financial industry, formulating the basic system of prudential supervision, taking the lead in taking charge of systematic financial risk prevention and emergency response, three "overall plans", and organizing and implementing national financial security review.

　　In establishing a dual-pillar regulatory framework of monetary policy and macro-prudential policy, the monetary policy toolbox has been improved and the flexibility of monetary policy tools has been moderately increased; Establish a macro-prudential policy framework, clarify the macro-prudential policy objectives, focus on strengthening countercyclical regulation and penetrating supervision, and improve the macro-prudential policy toolbox of financial institutions such as countercyclical capital buffer, risk reserve and stress testing.

　　In this regard, Dong Ximiao told the First Financial Reporter: "This revision has made major adjustments to the responsibilities of the People’s Bank of China, increased the macro-management responsibilities of the financial market and financial system, given the central bank the right to draft major laws and regulations on the financial industry, and coordinated the supervision of important financial institutions, financial holding companies and financial infrastructure. This will help improve the modern central banking system, further strengthen supervision and coordination, better meet the new requirements put forward by the development and changes of the financial situation on the central bank’s responsibilities, and also conform to the changing trend of international financial supervision. "

　　Provide legal basis for issuing digital currency.

　　The issue of digital RMB by the central bank has always been the focus of the market, and this revision provides a legal basis for issuing digital currency.

　　Sun Haibo, president of the Institute of Financial Supervision, recently wrote an article analyzing that the formal inclusion of digital currency in the legal tender form has become the legal basis for digital currency to formally implement it nationwide, which will have a far-reaching impact on the management system reform of the payment system and the internationalization of the RMB.

　　"Draft for Comment" improves RMB management regulations. Article 19 clearly states that "RMB includes physical form and digital form".

　　Article 22 stipulates that no unit or individual may make or sell token tickets and digital tokens to replace RMB in circulation in the market.

　　In addition, Article 65 also provides penalties for making and selling token coupons and digital tokens instead of RMB circulating in the market: The People’s Bank of China shall order it to stop its illegal activities, destroy the illegally made and sold token coupons and digital tokens, confiscate its illegal income and impose a fine of less than five times the illegal amount; If the illegal amount cannot be determined, a fine of not less than 100,000 yuan but not more than 500,000 yuan shall be imposed.

　　Moreover, in the eyes of the industry, the "Draft for Comment" is equivalent to reaffirming the previous seven ministries and commissions, and at the same time upgrading from legal documents to legal level.

　　In fact, as early as September 2017, ICO had been sentenced to "death penalty" by supervision. China People’s Bank, China Banking Regulatory Commission and other seven ministries and commissions jointly issued the Announcement on Preventing the Financing Risks of Token Issuance, which indicated that the financing of Token Issuance is essentially an unauthorized illegal public financing, which is suspected of illegal selling of token coupons, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities. Since the date of announcement, all kinds of token issuance financing activities shall be stopped immediately. Organizations and individuals that have completed the financing of token issuance shall make arrangements such as repaying, reasonably protect the rights and interests of investors, and properly handle risks.

　　Xiao Sa, a partner of Beijing Dacheng Law Firm, believes that the "Draft for Comment" accurately locates the illegality of the behavior, and ICO is not only an illegal act but also a crime. After the law is passed in the future, the possible result is that some ICO behaviors or companies that sell tokens will be investigated by criminal law. In the future, the selling behavior, manufacturing behavior and financial behavior of currency circles may be identified as crimes.

　　No mention of monetization of fiscal deficit, raising the upper limit of fines

　　During the epidemic, "monetization of fiscal deficit" became the focus of debate. According to the existing laws and regulations, the People’s Bank of China may not overdraw the government’s finances, and may not directly subscribe for or underwrite government bonds and other government bonds.

　　Judging from the "Draft for Comment", this revision does not involve the monetization of fiscal deficits, and once again emphasizes the independence of monetary policy.

　　Article 32 stipulates that the People’s Bank of China shall not overdraw the government finances, and shall not directly subscribe for or underwrite government bonds and other government bonds. The People’s Bank of China shall not provide loans to local governments and government departments at all levels, nor to non-bank financial institutions and other units and individuals, except that the State Council has decided that the People’s Bank of China may provide loans to specific non-bank financial institutions.

　　Wang Yuling, president of Wuhan Branch of the People’s Bank of China, previously said that at present, the effect of direct access of monetary policy to the real economy is emerging. With the deepening of supply-side structural reform, the coordination between monetary policy and fiscal policy is constantly strengthened, and the blocking point of financial support for the real economy will be further opened. There is no need to adopt the extreme policy means of monetizing fiscal deficit. The revision of laws should not only meet the needs of economic development, but also maintain certain stability and create stable expectations for the market. The system that the central bank and the finance perform their respective duties and have clear boundaries is suitable for the current needs.

　　Dong Ximiao believes that adhering to the requirement that "the People’s Bank of China shall not overdraw the government finances, and shall not directly subscribe for or underwrite government bonds and other government bonds" is the bottom line requirement for serious financial discipline, preventing the monetization of deficit problems, inflation and asset bubbles. From a practical point of view, China adheres to the normal monetary policy, and the monetary policy space is still large, so it is not necessary to implement unconventional monetary policies such as direct purchase of government bonds.

　　In addition, the Draft for Comment stipulates that one of the monetary policy tools that the People’s Bank of China can use is to provide loans to commercial banks, rural credit cooperatives, rural cooperative banks, policy banks and development banks. Compared with the current law, the expression of providing loans to credit cooperatives, policy banks and development banks is added.

　　In addition, in the expression of monetary policy, the original "determining the benchmark interest rate of the central bank" was changed to "determining the policy interest rate of the central bank". Sun Haibo believes that mainly due to the interest rate marketization reform, the central bank loan has cancelled the guiding interest rate and changed to LPR pricing, and the future deposit marketization is still expected.

　　In view of the low cost of illegal activities in the financial market, the "Draft for Comment" increased the punishment for financial illegal activities, and stipulated that the punishment for serious illegal activities could be aggravated, and the upper limit of the fine was raised to 20 million yuan; The institutions that have obtained the approval of the People’s Bank of China shall be ordered to suspend their business, revoke their licenses, and be banned from the market.

　　Dong Ximiao said that the direction and principle of strengthening strict financial supervision in the Revised Draft remain unchanged, giving the People’s Bank of China the right to inspect and investigate, and greatly increasing the punishment for financial violations. Setting up Chapter VI "Supervision and Management Measures" and giving the central bank the power to inspect and supervise financial institutions and other units and individuals will help the central bank to better perform its duties and enhance its authority and supervision effectiveness.