Road Traffic Safety Law of the People’s Republic of China

(Adopted at the Fifth Session of the Tenth the NPC Standing Committee on October 28th, 2003, the first amendment was made in accordance with the Decision on Amending the Law of the People’s Republic of China on Road Traffic Safety of the 31st Session of the Tenth the NPC Standing Committee on December 29th, 2007, and revised in accordance with the Decision on Amending the Law of People’s Republic of China (PRC) on April 22nd, 2011. The second amendment to the Road Traffic Safety Law is based on the Decision on Amending the Road Traffic Safety Law of the People’s Republic of China and other eight laws of the 28th meeting of the 13th the NPC Standing Committee on April 29th, 2021).

catalogue

  Chapter I General Provisions

  Chapter II Vehicles and Drivers

  Section 1 Motor Vehicles and Non-motor Vehicles

  Section 2 Motor Vehicle Drivers

  Chapter III Road Traffic Conditions

  Chapter IV Road Traffic Regulations

  Section 1 General Provisions

  Section 2 Provisions on Traffic of Motor Vehicles

  Section 3 Provisions on Traffic of Non-motor Vehicles

  Section 4 Pedestrian and Passenger Traffic Regulations

  Section 5 Special Provisions on Expressway

  Chapter V Handling of Traffic Accidents

  Chapter VI Law Enforcement Supervision

  Chapter VII Legal Liability

  Chapter VIII Supplementary Provisions

Chapter I General Provisions

  Article 1 This Law is formulated for the purpose of maintaining road traffic order, preventing and reducing traffic accidents, protecting personal safety, protecting the property safety and other legitimate rights and interests of citizens, legal persons and other organizations, and improving traffic efficiency.

  Article 2 Vehicle drivers, pedestrians, passengers and units and individuals related to road traffic activities in People’s Republic of China (PRC) shall abide by this Law.

  Article 3 Road traffic safety work shall follow the principle of management according to law and convenience for the masses, and ensure orderly, safe and smooth road traffic.

  Article 4 People’s governments at all levels shall ensure that road traffic safety management is compatible with economic construction and social development.

  Local people’s governments at or above the county level shall adapt to the needs of road traffic development, formulate road traffic safety management plans according to road traffic safety laws, regulations and relevant state policies, and organize their implementation.

  Fifth the State Council public security department is responsible for the national road traffic safety management. The traffic administrative departments of public security organs of local people’s governments at or above the county level shall be responsible for the management of road traffic safety within their respective administrative areas.

  The transportation and construction management departments of the people’s governments at or above the county level shall be responsible for the relevant road traffic work according to their respective responsibilities.

  Article 6 People’s governments at all levels shall regularly carry out road traffic safety education to improve citizens’ awareness of road traffic safety.

  When performing their duties, the traffic administrative department of the public security organ and its traffic police shall strengthen the publicity of road traffic safety laws and regulations, and abide by them as an example.

  State organs, military units, enterprises and institutions, social organizations and other organizations shall educate their personnel on road traffic safety.

  Education administrative departments and schools should incorporate road traffic safety education into the content of legal education.

  The news, publishing, radio, television and other relevant units have the obligation to carry out road traffic safety education.

  Seventh of the road traffic safety management, we should strengthen scientific research, promotion and use of advanced management methods, technologies and equipment.

Chapter II Vehicles and Drivers

  Section 1 Motor Vehicles and Non-motor Vehicles

  Article 8 The State implements a registration system for motor vehicles. Motor vehicles can only be driven on the road after being registered by the traffic management department of the public security organ. If a motor vehicle that has not been registered needs to travel on the road temporarily, it shall obtain a temporary pass license.

  Article 9 To apply for motor vehicle registration, the following certificates and vouchers shall be submitted:

  (a) the identity certificate of the owner of the motor vehicle;

  (2) Proof of the origin of the motor vehicle;

  (3) The certificate of factory qualification of the whole motor vehicle or the import certificate of the imported motor vehicle;

  (four) the tax payment certificate or tax exemption certificate of vehicle purchase tax;

  (5) Other certificates and vouchers required by laws and administrative regulations to be submitted at the time of motor vehicle registration.

  The traffic administrative department of the public security organ shall complete the examination of motor vehicle registration within five working days from the date of accepting the application, and shall issue the motor vehicle registration certificate, license plate and driving license to those who meet the conditions specified in the preceding paragraph; If the applicant does not meet the requirements specified in the preceding paragraph, it shall explain to the applicant the reasons for not registering.

  No unit or individual other than the traffic administrative department of the public security organ may issue motor vehicle number plates or require motor vehicles to hang other number plates, except as otherwise provided in this Law.

  The style of motor vehicle registration certificate, license plate and driving license shall be stipulated and supervised by the public security department of the State Council.

  Article 10 A motor vehicle approved for registration shall meet the national technical standards for motor vehicle safety. When applying for motor vehicle registration, it shall accept the safety technical inspection of the motor vehicle. However, if the new car of a motor vehicle model produced by an enterprise recognized by the national department in charge of motor vehicle products according to the national safety technical standards for motor vehicles meets the national safety technical standards for motor vehicles and obtains the inspection certificate, it shall be exempted from safety technical inspection.

  Article 11 When driving a motor vehicle on the road, the motor vehicle number plate shall be hung, inspection marks and insurance marks shall be placed, and the motor vehicle driving license shall be carried with the vehicle.

  Motor vehicle number plates shall be hung in accordance with the regulations and kept clear and complete, and shall not be intentionally obscured or defaced.

  No unit or individual may confiscate or detain the motor vehicle license plate.

  Twelfth in any of the following circumstances, the corresponding registration shall be handled:

  (1) The ownership of the motor vehicle is transferred;

  (2) The contents of motor vehicle registration are changed;

  (3) Motor vehicles are used as collateral;

  (4) The motor vehicle is scrapped.

  Thirteenth of the registered motor vehicles on the road, should be in accordance with the provisions of laws and administrative regulations, according to the purpose of the vehicle, the number of passengers and cargo, service life and other different conditions, regular safety and technical inspection. To provide motor vehicle driving license and motor vehicle third-party liability compulsory insurance policy, motor vehicle safety and technical inspection institutions shall conduct inspection, and no unit may attach other conditions. To meet the national technical standards for motor vehicle safety, the traffic administrative department of the public security organ shall issue inspection marks.

  Socialization of safety technical inspection of motor vehicles. The specific measures shall be formulated by the State Council.

  Where the technical inspection of motor vehicle safety is socialized, no unit may require motor vehicles to go to designated places for inspection.

  The traffic administrative department of the public security organ and the motor vehicle safety technical inspection institution shall not require motor vehicles to go to designated places for repair and maintenance.

  Motor vehicle safety and technical inspection institutions shall charge fees for motor vehicle inspection, and shall strictly implement the charging standards approved by the competent price department of the State Council.

  Article 14 The state implements a compulsory scrapping system for motor vehicles, and sets different scrapping standards according to the safety and technical conditions and different uses of motor vehicles.

  Motor vehicles that should be scrapped must be cancelled in time.

  Motor vehicles that meet the scrapping standards are not allowed to drive on the road. Scrapped large passenger cars, trucks and other operating vehicles shall be disintegrated under the supervision of the traffic management department of the public security organ.

  Fifteenth police cars, fire engines, ambulances, engineering rescue vehicles should be in accordance with the provisions of spraying logo patterns, installation of sirens, sign lamps. Other motor vehicles are not allowed to spray, install or use logo patterns, sirens or sign lamps dedicated to or similar to the above-mentioned vehicles.

  Police cars, fire engines, ambulances and engineering rescue vehicles shall be used in strict accordance with the prescribed purposes and conditions.

  Special vehicles for highway supervision and inspection shall be equipped with unified signs and warning lights in accordance with the provisions of the Highway Law.

  Article 16 No unit or individual may commit any of the following acts:

  (a) assembling a motor vehicle or changing the registered structure, structure or characteristics of a motor vehicle without authorization;

  (2) Changing the model, engine number, frame number or vehicle identification code of a motor vehicle;

  (3) Forging, altering or using forged or altered motor vehicle registration certificates, number plates, driving licenses, inspection conformity marks and insurance marks;

  (four) the use of other motor vehicle registration certificate, license plate, driving license, inspection marks, insurance marks.

  Article 17 The State implements a compulsory motor vehicle third-party liability insurance system and establishes a social assistance fund for road traffic accidents. The specific measures shall be formulated by the State Council.

  Article 18 Non-motor vehicles that should be registered according to law can only drive on the road after being registered by the traffic administrative department of the public security organ.

  The types of non-motor vehicles that should be registered according to law shall be stipulated by the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government according to local actual conditions.

  The dimensions, mass, brakes, bells and night reflective devices of non-motor vehicles shall meet the technical standards for safety of non-motor vehicles.

  Section 2 Motor Vehicle Drivers

  Nineteenth driving a motor vehicle, should obtain a motor vehicle driver’s license according to law.

  To apply for a motor vehicle driver’s license, it shall meet the driving license conditions stipulated by the public security department of the State Council; After passing the examination, the traffic administrative department of the public security organ shall issue a motor vehicle driver’s license of the corresponding category.

  A person who holds an overseas motor vehicle driver’s license meets the driving license requirements stipulated by the public security department of the State Council, and can be issued a motor vehicle driver’s license to China after passing the examination by the traffic management department of the public security organ.

  The driver shall drive the motor vehicle according to the quasi-driving type specified in the driver’s license; When driving a motor vehicle, you should carry a motor vehicle driving license with you.

  No unit or individual other than the traffic administrative department of the public security organ may confiscate or detain the motor vehicle driving license.

  Article 20 The driving training of motor vehicles shall be socialized, and the competent department of transportation shall put on record the management of driving training schools and driving training courses, and strengthen the supervision of driving training activities, among which the specialized tractor driving training schools and driving training courses shall be supervised and managed by the competent department of agriculture (agricultural machinery).

  Driving training schools and driving training classes shall, in strict accordance with the relevant provisions of the state, train students in road traffic safety laws, regulations and driving skills to ensure the quality of training.

  No state organ or competent department of driving training and examination may hold or participate in holding driving training schools or driving training courses.

  Twenty-first drivers should carefully check the safety and technical performance of motor vehicles before driving them on the road; Do not drive a motor vehicle with potential safety hazards such as incomplete safety facilities or parts that do not meet technical standards.

  Twenty-second motor vehicle drivers should abide by the provisions of laws and regulations on road traffic safety, and drive safely and civilized in accordance with operating norms.

  Drinking alcohol, taking psychotropic drugs or narcotic drugs controlled by the state, or suffering from diseases that hinder safe driving of motor vehicles, or excessive fatigue affects safe driving, are not allowed to drive motor vehicles.

  No one shall force, instigate or condone the driver to drive a motor vehicle in violation of the laws and regulations on road traffic safety and the requirements for safe driving of motor vehicles.

  Article 23 The traffic administrative department of the public security organ shall, in accordance with the provisions of laws and administrative regulations, examine and verify the motor vehicle driving license on a regular basis.

  Twenty-fourth traffic management departments of public security organs shall, in addition to giving administrative punishment according to law, implement a cumulative scoring system for motor vehicle drivers who violate road traffic safety laws and regulations. The traffic administrative department of the public security organ shall detain the motor vehicle driver’s license for the motor vehicle driver whose cumulative score reaches the specified score, educate him on road traffic safety laws and regulations, and re-test; Those who pass the examination will be returned with their motor vehicle driver’s license.

  Motor vehicle drivers who abide by road traffic safety laws and regulations and have no accumulated points within one year may extend the examination period of motor vehicle driving licenses. The specific measures shall be formulated by the public security department of the State Council.

Chapter III Road Traffic Conditions

  Article 25 Unified road traffic signals shall be implemented throughout the country.

  Traffic signals include traffic lights, traffic signs, traffic markings and the command of traffic police.

  The setting of traffic lights, traffic signs and traffic markings shall conform to the requirements of road traffic safety and smoothness and national standards, and shall be clear, eye-catching, accurate and intact.

  According to the needs of traffic, road traffic signals should be added, replaced and updated in time. The addition, replacement and updating of restrictive road traffic signals shall be announced to the public in advance and widely publicized.

  Twenty-sixth traffic lights are composed of red light, green light and yellow light. Red light means no passage, green light means permission, and yellow light means warning.

  Article 27 Warning lights, warning signs or safety protection facilities shall be set up at intersections where railways and roads cross. Warning signs shall be set at a certain distance from the unattended railway crossing.

  Article 28 No unit or individual may set up, move, occupy or damage traffic lights, traffic signs and traffic markings without authorization.

  Trees or other plants planted on both sides of the road and the isolation belt, billboards, pipelines, etc., shall keep a necessary distance from traffic facilities, and shall not block street lamps, traffic lights, traffic signs, hinder the safe sight distance, or affect traffic.

  Article 29 The planning, design and construction of roads, parking lots and road supporting facilities shall meet the requirements of safe and smooth road traffic, and be adjusted in time according to the traffic demand.

  The traffic administrative department of the public security organ shall report to the local people’s government in time if it finds that there are frequent traffic accidents on the roads that have been put into use, or there are serious traffic safety hazards in parking lots and road supporting facilities, and put forward suggestions to prevent traffic accidents and eliminate hidden dangers, and the local people’s government shall make a decision in time.

  Article 30 Where roads are damaged by collapse, potholes, water damage and uplift, or traffic facilities such as traffic lights, traffic signs and traffic markings are damaged or lost, the maintenance department or management department of roads and traffic facilities shall set warning signs and repair them in time.

  If the traffic management department of the public security organ finds that the situation mentioned in the preceding paragraph endangers traffic safety and has not set up warning signs, it shall take timely safety measures to divert traffic and notify the maintenance department or management department of roads and traffic facilities.

  Thirty-first without permission, no unit or individual may occupy the road to engage in non-traffic activities.

  Thirty-second due to the need of engineering construction, occupy or dig roads, or cross roads, erect or add pipeline facilities, it shall obtain the consent of the competent department of roads in advance; If traffic safety is affected, the consent of the traffic management department of the public security organ shall also be obtained.

  The construction unit shall carry out the construction work within the approved road section and time, and set up obvious safety warning signs at a safe distance from the construction site in the direction of incoming vehicles, and take protective measures; After the completion of the construction work, the obstacles on the road should be quickly removed to eliminate potential safety hazards, and the traffic can be resumed only after the road authorities and the traffic management department of the public security organ have passed the acceptance and met the traffic requirements.

  The traffic administrative department of the public security organ shall strengthen the supervision and inspection of traffic safety and maintain the road traffic order for the construction roads without interruption of traffic.

  Thirty-third new construction, renovation and expansion of public buildings, commercial blocks, residential areas, large (medium) buildings, etc., should be equipped with construction, additional parking lots; If the parking space is insufficient, it shall be rebuilt or expanded in time; The parking lot put into use shall not be stopped or used for other purposes without authorization.

  Within the scope of urban roads, the relevant government departments can delimit parking spaces without affecting the passage of pedestrians and vehicles.

  Thirty-fourth schools, kindergartens, hospitals, nursing homes in front of the road without pedestrian crossing facilities, should be zoned crosswalk, set up signs.

  The sidewalks of major urban roads shall be provided with blind roads in accordance with the planning. The setting of blind roads shall conform to the national standards.

Chapter IV Road Traffic Regulations

  Section 1 General Provisions

  Thirty-fifth motor vehicles and non-motor vehicles are allowed to pass on the right.

  Thirty-sixth according to the road conditions and traffic needs, roads are divided into motor vehicle lanes, non-motor vehicle lanes and sidewalks, and motor vehicles, non-motor vehicles and pedestrians are divided into lanes. Without dividing motor vehicle lanes, non-motor vehicle lanes and sidewalks, motor vehicles pass in the middle of the road, and non-motor vehicles and pedestrians pass on both sides of the road.

  Thirty-seventh roads with special lanes, in the special lanes, only the specified vehicles are allowed to pass, and other vehicles are not allowed to enter the special lanes.

  Thirty-eighth vehicles and pedestrians should follow the traffic signals; In case of on-site command by the traffic police, it shall pass according to the command of the traffic police; On roads without traffic signals, traffic should be ensured under the principle of safety and smoothness.

  Article 39 The traffic administrative department of the public security organ may, according to the specific conditions of roads and traffic flows, take measures such as diverting, restricting traffic and prohibiting traffic for motor vehicles, non-motor vehicles and pedestrians. In case of large-scale mass activities, large-scale construction, etc., it is necessary to take measures to restrict traffic, or make decisions directly related to public road traffic activities, which should be announced to the public in advance.

  Fortieth in case of natural disasters, bad weather conditions or major traffic accidents, it is difficult to ensure traffic safety by taking other measures, the traffic management department of the public security organ may implement traffic control.

  Article 41 Other specific provisions on road traffic shall be formulated by the State Council.

  Section 2 Provisions on Traffic of Motor Vehicles

  Forty-second motor vehicles on the road, shall not exceed the maximum speed indicated by the speed limit sign. In the section where there is no speed limit sign, you should maintain a safe speed.

  Driving at night or on dangerous road sections, and in case of meteorological conditions such as dust, hail, rain, snow, fog and ice, the driving speed should be reduced.

  Forty-third motor vehicles driving in the same lane, the rear car should keep a safe distance from the front car enough to take emergency braking measures. In any of the following circumstances, overtaking is not allowed:

  (a) the preceding vehicle is turning left, turning around and overtaking;

  (2) It is possible to meet the oncoming car;

  (3) The preceding vehicle is a police car, a fire truck, an ambulance or an engineering rescue vehicle performing an emergency task;

  (4) Passing through railway crossings, intersections, narrow bridges, bends, steep slopes, tunnels, crosswalks, urban traffic sections and other sections without overtaking conditions.

  Forty-fourth motor vehicles passing through intersections shall pass according to traffic lights, traffic signs, traffic markings or the command of traffic police; When crossing an intersection without traffic lights, traffic signs, traffic markings or traffic police command, you should slow down and let pedestrians and vehicles with priority pass first.

  Article 45 When a motor vehicle stops in front of it and waits in line or drives slowly, it is not allowed to overtake or occupy the opposite lane by road, and it is not allowed to insert the waiting vehicles.

  When stopping at a road section or intersection with fewer lanes, or at an intersection without traffic lights, traffic signs, traffic markings or traffic police command, the motor vehicles should pass alternately in turn.

  Article 46 When a motor vehicle passes a railway crossing, it shall pass according to the traffic signal or the command of the management personnel. If there are no traffic signals or managers, they should slow down or stop and pass after confirming safety.

  Forty-seventh motor vehicles should slow down when passing through the crosswalk; When pedestrians are crossing the crosswalk, they should stop and make way.

  When a motor vehicle passes a road without traffic signals, it should avoid pedestrians crossing the road.

  Forty-eighth motor vehicles should meet the approved load, and overloading is strictly prohibited; The length, width and height of the load shall not violate the loading requirements, and the load shall not be spilled or scattered.

  Where a motor vehicle carries over-limit articles that cannot be disassembled, which affects traffic safety, it shall drive at the time, route and speed specified by the traffic management department of the public security organ and hang obvious signs. Carrying over-limit articles that cannot be disassembled on highways shall be carried out in accordance with the provisions of the Highway Law.

  Motor vehicles carrying explosives, inflammable and explosive chemicals and toxic and radioactive dangerous goods shall, after being approved by the public security organs, run at the specified time, route and speed, hang warning signs and take necessary safety measures.

  Forty-ninth motor vehicles shall not carry more people than the approved number, and passenger motor vehicles shall not carry goods in violation of regulations.

  Article 50 Freight motor vehicles are prohibited from carrying passengers.

  If a freight motor vehicle needs to be loaded with operators, it shall set up safety measures to protect the operators.

  Article 51 When a motor vehicle is running, drivers and passengers should use seat belts according to regulations, and motorcycle drivers and passengers should wear safety helmets according to regulations.

  Article 52 When a motor vehicle breaks down on the road and needs to be stopped for troubleshooting, the driver should immediately turn on the danger warning flash and move the motor vehicle to a place where traffic is not obstructed. If it is difficult to move, the hazard warning flash should be turned on continuously, and measures such as setting warning signs in the direction of the incoming car should be taken to expand the warning distance, and if necessary, the alarm should be given quickly.

  Fifty-third police cars, fire engines, ambulances and engineering rescue vehicles can use alarms and sign lamps when performing emergency tasks; On the premise of ensuring safety, other vehicles and pedestrians should give way without being restricted by driving route, driving direction, driving speed and traffic lights.

  Police cars, fire engines, ambulances and engineering rescue vehicles are not allowed to use sirens and sign lamps when they are not performing emergency tasks, and they do not enjoy the priority right of way stipulated in the preceding paragraph.

  Article 54 When carrying out operations, road maintenance vehicles and engineering vehicles shall not affect the traffic of passing vehicles, and their driving routes and directions shall not be restricted by traffic signs and markings, and passing vehicles and personnel shall pay attention to avoiding them.

  Sprinklers, sweepers and other motor vehicles shall operate in accordance with safety operation standards; Under the condition of not affecting the traffic of other vehicles, you can not be restricted by vehicle lane separation, but you can not drive in the opposite direction.

  Fifty-fifth highways, roads in the central city of large and medium-sized cities, tractors are prohibited from passing. Other roads where tractors are prohibited shall be stipulated by the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government according to local actual conditions.

  Tractors may be engaged in freight transportation on roads where tractors are allowed to pass, but they shall not be used for carrying people.

  Fifty-sixth motor vehicles should be parked at the prescribed places. It is forbidden to park motor vehicles on the sidewalk; However, parking spaces designated in accordance with the provisions of Article 33 of this Law are excluded.

  Temporary parking on the road shall not hinder the passage of other vehicles and pedestrians.

  Section 3 Provisions on Traffic of Non-motor Vehicles

  Fifty-seventh driving a non-motor vehicle on the road should abide by the relevant provisions on traffic safety. Non-motor vehicles should drive in non-motor vehicle lanes; On the road without non-motor vehicle lanes, you should drive on the right side of the roadway.

  Fifty-eighth disabled wheelchairs, electric bicycles in non-motor vehicle lanes, the maximum speed shall not exceed fifteen kilometers.

  Article 59 Non-motor vehicles shall be parked at the specified places. If there is no parking place, non-motor vehicle parking shall not hinder the passage of other vehicles and pedestrians.

  Article 60 tame livestock should be used to control animal-drawn vehicles; When driving an animal-drawn vehicle to cross the road, the driver should get off and tow the livestock; When the driver leaves the vehicle, he should tie the livestock.

  Section 4 Pedestrian and Passenger Traffic Regulations

  Article 61 Pedestrians should walk on sidewalks, and those without sidewalks should walk by the roadside.

  Article 62 Pedestrians crossing intersections or roads should take crosswalks or crossing facilities. When crossing a crosswalk with traffic lights, you should follow the traffic lights; When crossing a road without traffic lights or crosswalks, or crossing a road at a section without crossing facilities, you should pass after confirming safety.

  Sixty-third pedestrians are not allowed to cross, lean on road isolation facilities, and are not allowed to pick up cars, forcibly stop cars or commit other acts that hinder road traffic safety.

  Article 64 Preschool children, mentally ill people and mentally handicapped people who can’t recognize or control their own behavior should be led by their guardians, people entrusted by their guardians or people who are responsible for their management and protection.

  When the blind pass on the road, they should use a blind stick or take other means to guide the blind, and vehicles should avoid the blind.

  Article 65 When passing a railway crossing, pedestrians should follow the traffic signal or the command of the management personnel. If there are no traffic signals and management personnel, they should pass quickly after confirming that there is no train approaching.

  Sixty-sixth passengers are not allowed to carry inflammable and explosive dangerous goods, not to throw things outside the car, and not to have behaviors that affect the driver’s safe driving.

  Section 5 Special Provisions on Expressway

  Article 67 Pedestrians, non-motor vehicles, tractors, wheeled special-purpose mechanical vehicles, articulated passenger cars, all-trailer trucks and other motor vehicles with a designed maximum speed of less than 70 kilometers per hour are not allowed to enter the expressway. The maximum speed indicated by the speed limit sign on the expressway shall not exceed 120 kilometers per hour.

  Article 68 When a motor vehicle breaks down on an expressway, it shall be handled in accordance with the relevant provisions of Article 52 of this Law. However, the warning sign should be set 150 meters away from the direction of the faulty car, and the people on board should be quickly transferred to the right shoulder or emergency lane, and alarm should be given quickly.

  If a motor vehicle fails or has a traffic accident on the expressway and cannot run normally, it shall be towed and towed by a rescue vehicle and a wrecker.

  Article 69. No unit or individual may stop and check the running vehicles on the expressway, except that the people’s police of public security organs perform emergency duties according to law.

Chapter V Handling of Traffic Accidents

  Article 70 When a traffic accident occurs on the road, the driver of the vehicle shall stop immediately to protect the scene. If personal injury or death is caused, the driver of the vehicle shall immediately rescue the injured person and promptly report to the traffic police on duty or the traffic management department of the public security organ. If the scene is changed due to the rescue of the injured, the location shall be indicated. Passengers, drivers of passing vehicles and passers-by shall give assistance.

  If there is a traffic accident on the road, causing no personal injury or death, and the parties concerned have no dispute about the facts and causes, they can immediately evacuate the scene, resume traffic, and handle the damages through negotiation; If it is not immediately evacuated from the scene, it shall promptly report to the traffic police on duty or the traffic management department of the public security organ.

  If a traffic accident occurs on the road, which only causes minor property losses and the basic facts are clear, the parties concerned should evacuate the scene first and then negotiate.

  Article 71 If a vehicle escapes after a traffic accident, witnesses at the scene of the accident and other insiders shall report to the traffic management department of the public security organ or the traffic police. If the report is true, the traffic administrative department of the public security organ shall reward it.

  Article 72 After receiving the traffic accident alarm, the traffic administrative department of the public security organ shall immediately send the traffic police to the scene, organize the rescue of the injured first, and take measures to restore traffic as soon as possible.

  The traffic police shall conduct an inquest and inspection on the scene of the traffic accident and collect evidence; Due to the need of collecting evidence, the accident vehicle may be detained, but it shall be properly kept for verification.

  The traffic administrative department of the public security organ shall entrust a specialized agency to carry out the professional inspection of the physical and mental conditions of the parties. The appraisal conclusion shall be signed by the appraiser.

  Article 73 The traffic administrative department of the public security organ shall, according to the scene inquest, inspection and investigation of the traffic accident and the relevant inspection and appraisal conclusions, make a traffic accident confirmation in time as evidence for handling the traffic accident. The traffic accident certificate shall specify the basic facts, causes and responsibilities of the parties, and shall be served on the parties.

  Article 74 In the case of a dispute over compensation for traffic accidents, the parties may request the traffic administrative department of the public security organ for mediation, or they may directly bring a civil lawsuit to the people’s court.

  After mediation by the traffic administrative department of the public security organ, if the parties fail to reach an agreement or fail to perform the mediation after it takes effect, the parties may bring a civil lawsuit to the people’s court.

  Seventy-fifth medical institutions should promptly rescue the injured in traffic accidents, and should not delay the treatment because the rescue expenses are not paid in time. If the vehicle involved in the accident participates in compulsory third-party liability insurance for motor vehicles, the insurance company shall pay the rescue expenses within the limit of liability; If the rescue expenses exceed the limit of liability, and they do not participate in compulsory motor vehicle third-party liability insurance or escape after the accident, the social assistance fund for road traffic accidents shall advance part or all of the rescue expenses in advance, and the social assistance fund management institution for road traffic accidents shall have the right to recover from the person responsible for the traffic accident.

  Article 76 If a motor vehicle accident causes personal injury or property loss, the insurance company shall compensate it within the liability limit of compulsory motor vehicle third party liability insurance; The insufficient part shall be liable for compensation in accordance with the following provisions:

  (1) In case of a traffic accident between motor vehicles, the party at fault shall be liable for compensation; If both parties are at fault, they shall share the responsibility in proportion to their respective faults.

  (2) If a traffic accident occurs between a motor vehicle and a non-motor vehicle driver or pedestrian, and the non-motor vehicle driver or pedestrian is not at fault, the motor vehicle party shall be liable for compensation; If there is evidence that non-motor vehicle drivers and pedestrians are at fault, the liability for compensation of the motor vehicle party shall be appropriately reduced according to the degree of fault; If the motor vehicle party is not at fault, it shall bear no more than 10% of the liability for compensation.

  The loss of traffic accidents is caused by non-motor vehicle drivers and pedestrians deliberately colliding with motor vehicles, and the motor vehicle party is not liable for compensation.

  Article 77 If the traffic administrative department of the public security organ receives a report of an accident when a vehicle passes outside the road, it shall handle it with reference to the relevant provisions of this Law.

Chapter VI Law Enforcement Supervision

  Article 78 The traffic administrative department of the public security organ shall strengthen the management of traffic policemen, improve their quality and the level of road traffic management.

  The traffic administrative department of the public security organ shall train and examine the traffic police in legal system and traffic safety management. Traffic police who fail to pass the examination shall not be allowed to perform their duties.

  Article 79 The traffic administrative department of the public security organ and its traffic police shall, in implementing road traffic safety management, simplify the procedures according to the statutory authority and procedures, and be fair, strict, civilized and efficient.

  Article 80 When performing their duties, traffic policemen should dress in accordance with the regulations, wear people’s police signs, hold people’s police certificates, keep their police appearance neat, behave dignified and command norms.

  Article 81 The fees charged for issuing licenses and other fees in accordance with this Law shall be strictly implemented in accordance with the charging standards approved by the competent pricing department of the State Council, and all of them shall be turned over to the state treasury.

  Article eighty-two The traffic administrative department of the public security organ shall, in accordance with the provisions of relevant laws and administrative regulations, separate the decision on fines from the collection of fines; The fines collected and the illegal gains confiscated according to law shall all be turned over to the state treasury.

  Eighty-third traffic police investigation and handling of road traffic safety violations and traffic accidents, one of the following circumstances, should be avoided:

  (1) Being a party to the case or a close relative of the party;

  (2) He or his close relatives have an interest in the case;

  (3) Having other relations with the parties to the case, which may affect the fair handling of the case.

  Article 84 The administrative law enforcement activities of the traffic administrative department of the public security organ and its traffic police shall be subject to the supervision of the administrative supervision organ according to law.

  The supervision department of the public security organ shall supervise the implementation of laws, regulations and discipline by the traffic management department of the public security organ and its traffic police according to law.

  The traffic administrative department of the public security organ at a higher level shall supervise the law enforcement activities of the traffic administrative department of the public security organ at a lower level.

  Eighty-fifth traffic management departments of public security organs and their traffic policemen shall consciously accept the supervision of society and citizens when performing their duties.

  Any unit or individual has the right to report and accuse the traffic administrative department of the public security organ and its traffic police for not strictly enforcing the law and violating the law and discipline. The organ that receives the report or complaint shall promptly investigate and deal with it according to its duties.

  Eighty-sixth no unit may issue a fine index to the traffic management department of the public security organ or in disguised form; The traffic administrative department of the public security organ shall not use the amount of fines as the standard for assessing traffic police.

  The traffic administrative department of the public security organ and its traffic police have the right to refuse to carry out the instructions beyond the provisions of laws and regulations, and at the same time report to the higher authorities.

Chapter VII Legal Liability

  Article 87 The traffic administrative department of the public security organ and its traffic police shall promptly correct the illegal acts of road traffic safety.

  The traffic administrative department of the public security organ and its traffic police shall punish the illegal acts of road traffic safety according to the facts and the relevant provisions of this law. If the circumstances are minor and the road traffic is not affected, point out the illegal act and give a verbal warning before releasing it.

  Article 88 Penalties for road traffic safety violations include: warning, fine, suspension or revocation of motor vehicle driver’s license and detention.

  Eighty-ninth pedestrians, passengers and non-motor vehicle drivers who violate the provisions of road traffic safety laws and regulations on road traffic shall be given a warning or fined between five yuan and fifty yuan; If a non-motor vehicle driver refuses to accept a fine, he may detain his non-motor vehicle.

  Article 90 A motor vehicle driver who violates the provisions of road traffic safety laws and regulations on road traffic shall be given a warning or fined between 20 yuan and 200 yuan. If there are other provisions in this law, it shall be punished in accordance with the provisions.

  Article 91 whoever drives a motor vehicle after drinking alcohol shall be temporarily detained for six months, and shall be fined between 1,000 yuan and 2,000 yuan. Those who are punished for driving a motor vehicle after drinking and driving a motor vehicle after drinking again shall be detained for not more than 10 days, fined not less than 1,000 yuan but not more than 2,000 yuan, and their motor vehicle driving licenses shall be revoked.

  Drunk driving a motor vehicle shall be restrained by the traffic administrative department of the public security organ until it wakes up, and the motor vehicle driving license shall be revoked, and criminal responsibility shall be investigated according to law; No motor vehicle driver’s license shall be obtained again within five years.

  Anyone who drives a motor vehicle after drinking alcohol shall be detained for 15 days, fined 5,000 yuan, and his motor vehicle driver’s license shall be revoked. He shall not re-obtain his motor vehicle driver’s license within five years.

  Those who drive and operate motor vehicles under the influence of drunkenness shall be restrained by the traffic administrative department of the public security organ until they wake up, and their motor vehicle driving licenses shall be revoked, and criminal responsibility shall be investigated according to law; No motor vehicle driver’s license shall be obtained again within ten years, and no motor vehicle shall be driven or operated after the motor vehicle driver’s license is obtained again.

  If a serious traffic accident occurs after drinking or driving a motor vehicle while drunk, which constitutes a crime, criminal responsibility shall be investigated according to law, and the motor vehicle driving license shall be revoked by the traffic administrative department of the public security organ, and the motor vehicle driving license shall not be re-acquired for life.

  Article 92 If a highway passenger vehicle carries more passengers than the rated passengers, it shall be fined between 200 yuan and 500 yuan; Those who exceed 20% of the rated passengers or carry goods in violation of regulations shall be fined between 500 yuan and 2,000 yuan.

  Freight motor vehicles exceeding the approved load quality shall be fined between two hundred yuan and five hundred yuan; Those who carry passengers in excess of 30% of the approved weight or in violation of regulations shall be fined between 500 yuan and 2,000 yuan.

  Whoever commits the acts mentioned in the preceding two paragraphs shall be detained by the traffic administrative department of the public security organ until the illegal state is eliminated.

  The vehicle of the transport unit has the circumstances specified in the first and second paragraphs of this article, and if it is not changed after punishment, the directly responsible person in charge shall be fined between two thousand yuan and five thousand yuan.

  Article 93 Anyone who violates the provisions of road traffic safety laws and regulations on motor vehicle parking and temporary parking may point out the illegal act and give a verbal warning to order him to leave immediately.

  If the driver of a motor vehicle is not at the scene or refuses to leave immediately although he is at the scene, which hinders the passage of other vehicles and pedestrians, he shall be fined not less than 20 yuan but not more than 200 yuan, and the motor vehicle may be towed to a place that does not hinder traffic or parked at a place designated by the traffic management department of the public security organ. The traffic administrative department of the public security organ shall not charge the parties for the trailer, and shall promptly inform the parties of the parking place.

  If the motor vehicle is damaged due to the improper towing method, it shall be liable for compensation according to law.

  Article 94 If a motor vehicle safety technical inspection institution collects fees for carrying out motor vehicle safety technical inspection in excess of the charging standard approved by the competent price department of the State Council, the overcharged fees shall be refunded, and the competent price department shall punish it in accordance with the relevant provisions of the Price Law of People’s Republic of China (PRC).

  Motor vehicle safety technical inspection institutions fail to conduct inspection in accordance with the national technical standards for motor vehicle safety and issue false inspection results, and the traffic administrative department of the public security organ shall impose a fine of not less than five times but not more than ten times the inspection fee, and revoke its inspection qualification according to law; If a crime is constituted, criminal responsibility shall be investigated according to law.

  Article 95 If a motor vehicle running on the road is not hung with a motor vehicle number plate, has no inspection mark or insurance mark, or does not carry a driving license or driver’s license with it, the traffic administrative department of the public security organ shall detain the motor vehicle, notify the parties concerned to provide corresponding license plates and marks or go through corresponding procedures, and may impose penalties in accordance with the provisions of Article 90 of this Law. If the parties provide corresponding license plates, signs or go through corresponding formalities, they shall return the motor vehicle in time.

  Whoever intentionally conceals, defaces or fails to install the motor vehicle number plate according to the provisions shall be punished in accordance with the provisions of Article 90 of this Law.

  Article 96 Whoever forges, alters or uses a forged or altered motor vehicle registration certificate, number plate, driving license and driver’s license shall be confiscated by the traffic administrative department of the public security organ, detained the motor vehicle, detained for less than 15 days, and fined between 2,000 yuan and 5,000 yuan; If a crime is constituted, criminal responsibility shall be investigated according to law.

  Whoever forges, alters or uses forged or altered inspection conformity marks or insurance marks shall be confiscated by the traffic administrative department of the public security organ, detained the motor vehicle, detained for less than 10 days, and fined between 1,000 yuan and 3,000 yuan; If a crime is constituted, criminal responsibility shall be investigated according to law.

  Anyone who uses the motor vehicle registration certificate, license plate, driving license, inspection mark and insurance mark of other vehicles shall be confiscated by the traffic management department of the public security organ, and the motor vehicle shall be detained and fined between 2,000 yuan and 5,000 yuan.

  If the parties provide corresponding legal certificates or go through corresponding formalities, they shall return the motor vehicle in time.

  Ninety-seventh illegal installation of sirens and sign lamps shall be forcibly removed by the traffic administrative department of the public security organ, and shall be confiscated, and a fine of not less than 200 yuan but not more than 2000 yuan shall be imposed.

  Article 98 If the owner or manager of a motor vehicle fails to take out compulsory motor vehicle third-party liability insurance according to the provisions of the state, the traffic administrative department of the public security organ shall detain the vehicle until it is insured according to the provisions, and impose a fine of twice the insurance premium payable according to the minimum liability limit.

  All fines paid in accordance with the preceding paragraph shall be included in the social assistance fund for road traffic accidents. The specific measures shall be formulated by the State Council.

  Ninety-ninth one of the following acts, the traffic administrative department of the public security organ shall impose a fine of two hundred yuan and two thousand yuan:

  (a) driving a motor vehicle without obtaining a motor vehicle driver’s license, the motor vehicle driver’s license is revoked or the motor vehicle driver’s license is temporarily suspended;

  (two) the motor vehicle is driven by a person who has not obtained a motor vehicle driver’s license or whose motor vehicle driver’s license has been revoked or temporarily detained;

  (3) Causing escape after a traffic accident, which does not constitute a crime;

  (four) the motor vehicle driving more than fifty percent per hour;

  (5) Forcing a motor vehicle driver to drive a motor vehicle in violation of the laws and regulations on road traffic safety and the requirements for safe driving of motor vehicles, thus causing a traffic accident, which does not constitute a crime;

  (six) in violation of the provisions of traffic control by force, do not listen to discourage;

  (7) intentionally damaging, moving or altering traffic facilities, causing harmful consequences, which does not constitute a crime;

  (eight) illegal interception and detention of motor vehicles, do not listen to dissuasion, resulting in serious traffic jams or large property losses.

  The motor vehicle driver’s license may also be revoked if the actor is under any of the circumstances mentioned in Item 2 and Item 4 of the preceding paragraph; One of the first, third, fifth to eighth cases may be detained for not more than fifteen days.

  Article 100 Anyone who drives an assembled motor vehicle or a motor vehicle that has reached the scrapping standard on the road shall be confiscated by the traffic administrative department of the public security organ for compulsory scrapping.

  Drivers who drive the motor vehicles listed in the preceding paragraph on the road shall be fined between 200 yuan and 2000 yuan, and their motor vehicle driving licenses shall be revoked.

  If a motor vehicle that has reached the scrapping standard is sold, the illegal income shall be confiscated and a fine equal to the sales amount shall be imposed, and the motor vehicle shall be dealt with in accordance with the provisions of the first paragraph of this article.

  Article 101 If a serious traffic accident occurs in violation of the provisions of laws and regulations on road traffic safety, which constitutes a crime, criminal responsibility shall be investigated according to law, and the traffic administrative department of the public security organ shall revoke the motor vehicle driver’s license.

  If a person escapes after a traffic accident, the traffic administrative department of the public security organ shall revoke the motor vehicle driver’s license and shall not re-obtain the motor vehicle driver’s license for life.

  Article 102 A professional transport unit that bears the main responsibility or full responsibility for more than two serious traffic accidents within six months shall be ordered by the traffic administrative department of the public security organ to eliminate potential safety hazards, and motor vehicles that have not eliminated potential safety hazards are prohibited from driving on the road.

  Article 103 If the national competent department of motor vehicle products fails to strictly examine the motor vehicle safety technical standards and permits unqualified motor vehicles to be put into production, the responsible person in charge and other directly responsible personnel shall be given administrative sanctions of demotion or dismissal.

  Motor vehicle manufacturers produce motor vehicles with the permission of the national competent department of motor vehicle products, and fail to implement the national safety technical standards for motor vehicles or strictly carry out the quality inspection of finished motor vehicles, resulting in unqualified motor vehicles being sold out of the factory, and the quality and technical supervision department shall punish them in accordance with the relevant provisions of the People’s Republic of China (PRC) Product Quality Law.

  Unauthorized production and sale of motor vehicles without the permission of the competent department of motor vehicle products of the state, the illegal production and sale of motor vehicle finished products and accessories shall be confiscated, and a fine of more than three times and less than five times the value of illegal products may be imposed; If there is a business license, the business license shall be revoked by the administrative department for industry and commerce, and if there is no business license, it shall be sealed up.

  Whoever produces or sells assembled motor vehicles or produces or sells motor vehicles modified without authorization shall be punished in accordance with the provisions of the third paragraph of this article.

  Whoever commits the illegal acts listed in the second, third and fourth paragraphs of this article and produces or sells motor vehicles that do not meet the national technical standards for motor vehicle safety, which constitutes a crime, shall be investigated for criminal responsibility according to law.

  104th unauthorized excavation of roads, occupation of road construction or other activities affecting road traffic safety, shall be ordered by the road administrative department to stop the illegal behavior, and restore to the original state, and may be fined according to law; If people, vehicles and other property passing by suffer losses, they shall be liable for compensation according to law.

  If the acts mentioned in the preceding paragraph affect road traffic safety activities, the traffic administrative department of the public security organ may order it to stop the illegal acts and restore traffic quickly.

  Article 105 In case of road construction or road damage, warning signs and protective measures are not set up in time, or traffic lights, traffic signs and traffic markings should be set up but not set up or should be changed in time, thus causing losses to people, vehicles and other property passing by, the unit with relevant responsibilities shall be liable for compensation according to law.

  Article 106 If trees and other plants are planted on both sides of the road and the isolation belt, or billboards and pipelines are set up to block street lamps, traffic lights and traffic signs, thus obstructing the safe sight distance, the traffic administrative department of the public security organ shall order the actor to remove the obstruction; Those who refuse to implement it shall be fined between 200 yuan and 2000 yuan, and the obstruction shall be forcibly removed, and the expenses required shall be borne by the actor.

  Article 107 If the violator of road traffic is given a warning and fined not more than 200 yuan, the traffic police may make a decision on administrative punishment on the spot and issue a written decision on administrative punishment.

  The written decision on administrative punishment shall specify the illegal facts of the parties, the basis of administrative punishment, the content, time and place of punishment and the name of the punishment organ, and shall be signed or sealed by law enforcement officers.

  Article 108 The party concerned shall pay the fine at the designated bank within 15 days from the date of receiving the written decision on administrative penalty for the fine.

  If the parties have no objection to the fines imposed on pedestrians, passengers and non-motor vehicle drivers, they may collect the fines on the spot.

  Fines shall be issued by the financial departments of provinces, autonomous regions and municipalities directly under the central government; If a receipt for the fine uniformly issued by the financial department is not issued, the party concerned has the right to refuse to pay the fine.

  Article 109 If a party fails to perform the decision on administrative punishment within the time limit, the administrative organ that made the decision on administrative punishment may take the following measures:

  (a) if the fine is not paid at the due date, a fine of 3% of the amount of the fine shall be imposed every day;

  (two) apply to the people’s court for compulsory execution.

  Article 110 If a traffic policeman on duty thinks that the violator of road traffic should be punished by withholding or revoking the motor vehicle driver’s license, he may first detain the motor vehicle driver’s license and hand over the case to the traffic management department of the public security organ for handling within 24 hours.

  Road traffic violators shall go to the traffic administrative department of the public security organ for handling within fifteen days. If it fails to accept the treatment within the time limit without justifiable reasons, the motor vehicle driving license shall be revoked.

  If the traffic administrative department of the public security organ temporarily suspends or revokes the motor vehicle driver’s license, it shall issue a written decision on administrative punishment.

  Article 111 The administrative penalty for detention in violation of the provisions of this Law shall be decided by the county, municipal public security bureau, public security sub-bureau or the public security organ equivalent to the county level.

  Article 112 When the traffic administrative department of the public security organ detains a motor vehicle or a non-motor vehicle, it shall issue a certificate on the spot and inform the parties concerned to go to the traffic administrative department of the public security organ for handling within the prescribed time limit.

  The traffic administrative department of the public security organ shall properly keep the detained vehicles and shall not use them.

  Failing to accept the treatment within the time limit, and failing to accept the treatment within three months after the announcement, the detained vehicle shall be dealt with according to law.

  Article 113th the time limit for temporarily suspending a motor vehicle driver’s license shall be counted from the date when the punishment decision takes effect; If the motor vehicle driver’s license is detained before the punishment decision takes effect, the detention period will be reduced by one day.

  The time limit for reapplying for a motor vehicle driver’s license after its revocation shall be handled in accordance with the provisions on the administration of motor vehicle drivers’ licenses.

  Article 114 The traffic administrative department of the public security organ may, according to the traffic technical monitoring records, punish the illegal motor vehicle owner or manager according to law. Those who can determine the driver can be punished according to the provisions of this law.

  Article 115th a traffic policeman who commits one of the following acts shall be given administrative sanctions according to law:

  (1) Issuing motor vehicle registration certificates, number plates, driving licenses and inspection marks for motor vehicles that do not meet the statutory requirements;

  (2) approving the installation and use of sirens and sign lamps of police cars, fire engines, ambulances and engineering rescue vehicles, and spraying sign patterns on motor vehicles that do not meet the statutory requirements;

  (3) Issuing a motor vehicle driver’s license to those who do not meet the driving license conditions, have not passed the examination or fail the examination;

  (4) Failing to implement the system of separating fine decision from fine collection, or failing to turn over all fees collected according to law, fines collected and confiscated illegal income to the state treasury according to regulations;

  (5) Holding or participating in holding driving schools or driving training classes, motor vehicle repair shops or paid parking lots and other business activities;

  (six) taking advantage of his position to accept other people’s property or seek other benefits;

  (seven) illegal detention of vehicles, motor vehicle driving license, driver’s license, vehicle number plate;

  (eight) the use of vehicles detained according to law;

  (nine) collecting a fine on the spot without issuing a fine receipt or truthfully filling in the amount of the fine;

  (ten) favoritism, unfair handling of traffic accidents;

  (eleven) deliberately making things difficult and delaying the handling of motor vehicle license plates;

  (twelve) the use of alarms and sign lamps when not performing emergency tasks;

  (thirteen) in violation of the provisions of the interception, inspection of normal driving vehicles;

  (fourteen) to intercept a motor vehicle when not performing emergency official duties;

  (fifteen) do not perform their statutory duties.

  If the traffic administrative department of the public security organ commits one of the acts listed in the preceding paragraph, the directly responsible person in charge and other directly responsible personnel shall be given corresponding administrative sanctions.

  Article 116 A traffic policeman who is given administrative sanctions in accordance with the provisions of Article 115 of this Law may be suspended from performing his duties before making a decision on administrative sanctions; When necessary, it can be confined.

  According to the provisions of Article 115 of this Law, a traffic policeman may be dismissed if he is subject to administrative punishment of demotion or dismissal.

  If a traffic policeman is dismissed or dismissed, his police rank shall be revoked; A traffic policeman who is subject to administrative sanctions below dismissal shall have his police rank reduced.

  Article 117 If a traffic policeman illegally occupies public property by taking advantage of his power, asks for or accepts bribes, or abuses his power or neglects his duty, which constitutes a crime, he shall be investigated for criminal responsibility according to law.

  Article 118 If the traffic administrative department of the public security organ and its traffic police commit one of the acts listed in Article 115 of this Law, thus causing losses to the parties concerned, they shall be liable for compensation according to law.

Chapter VIII Supplementary Provisions

  Article 119 The meanings of the following terms in this Law:

  (1) "Road" refers to highways, urban roads and places where social motor vehicles are allowed to pass although they are under the jurisdiction of the unit, including squares, public parking lots and other places used for public access.

  (2) "Vehicles" refer to motor vehicles and non-motor vehicles.

  (3) "Motor vehicle" refers to a wheeled vehicle that is driven or towed by a power plant and travels on the road for passengers or for transporting articles and carrying out special engineering operations.

  (4) "Non-motor vehicles" refer to vehicles driven by human or animal power and running on roads, as well as motor wheelchairs, electric bicycles and other vehicles for the disabled whose design maximum speed, empty weight and overall dimensions meet the relevant national standards.

  (5) "Traffic accident" refers to the incident of personal injury or property loss caused by the fault or accident of vehicles on the road.

  Article 120 The China People’s Liberation Army and the Chinese People’s Armed Police Force shall be responsible for the compilation of motor vehicle license plates, the inspection of motor vehicles under compilation and the examination of motor vehicle drivers.

  Article 121 For tractors traveling on roads, the competent department of agriculture (agricultural machinery) shall exercise the management authority of the traffic management department of the public security organ as stipulated in Articles 8, 9, 13, 19 and 23 of this Law.

  The competent department of agriculture (agricultural machinery) shall exercise its functions and powers in accordance with the provisions of the preceding paragraph, and shall abide by the relevant provisions of this law and accept the supervision of the traffic management department of the public security organ; Those who violate the regulations shall be investigated for legal responsibility in accordance with the relevant provisions of this law.

  Motor vehicle license plates issued by agricultural (agricultural machinery) departments before the implementation of this Law shall remain valid after the implementation of this Law.

  Article 122 The State exercises unified management over the road traffic safety of foreign motor vehicles entering the country.

  Article 123 The standing committees of the people’s congresses of provinces, autonomous regions and municipalities directly under the Central Government may, according to the actual conditions in their respective regions, set specific enforcement standards within the scope of fines prescribed in this Law.

  Article 124 This Law shall come into force as of May 1, 2004.

Announcement of Listed Companies in Shanghai Stock Exchange (March 8)

  China Haiphong: Zhang Zhou resigned as the chief financial officer of the company.

  On March 7th, () announced that recently, the board of directors of the company received the written resignation of Mr. Zhang Zhou, the company’s deputy general manager and chief financial officer. Mr. Zhang Zhou applied to resign as the company’s deputy general manager and chief financial officer because he has reached the legal retirement age, and he will no longer hold any position in the company after his resignation. According to relevant laws and regulations and the Articles of Association, Mr. Zhang Zhou’s resignation report will take effect as of the date it is delivered to the board of directors.

  (): Sun Company received the Approval Document of Veterinary Drug Products.

  On March 7th, Sinopharm Hyundai announced that recently, the company Sun Company Qinghai Bio-pharmaceutical Factory Co., Ltd. received the Approval Document of Veterinary Drug Products issued by the Ministry of Agriculture and Rural Affairs of the People’s Republic of China, and approved the registration of inactivated sheep septicemia streptococcus vaccine (100ml/ bottle, 250ml/ bottle).

  Pingmei shares: not redeeming "Pingmei convertible bonds" in advance.

  On March 7th, () announced that the closing price of the company’s shares for 15 trading days from February 7th, 2024 to March 6th, 2024 was not less than 130% of the current conversion price of "Pingmei Convertible Bonds" (that is, 11.778 yuan/share), which triggered the conditional redemption clause of "Pingmei Convertible Bonds". The board of directors of the company decided not to exercise the right of early redemption of "flat coal convertible bonds" and not to redeem "flat coal convertible bonds" in advance.

  The settlement between CDB and Lotus Health will completely solve this historical problem.

  On the evening of March 6th, () announced that the company had signed the Implementation Reconciliation Agreement with Henan Branch of China Development Bank. According to the agreement, under the execution case of Zhoukou Intermediate People’s Court (2023) Yu 16 Zhihui No.90, Lotus Health should pay off 36,844,900 yuan to Henan Branch of China Development Bank, and repay it in five installments. The announcement shows that since 2024, 3 million yuan, 3 million yuan, 3.5 million yuan and 3.5 million yuan will be repaid in the first four years, and will be paid off in 2028. This has no operational pressure on the health of the lotus that has been developing continuously, and will completely solve the problems left over from history many years ago.

  According to public information, since the successful reorganization of Lotus Health in 2020, its business development has continued to improve and its profitability has continued to increase. Lotus Health’s previously released 2023 performance forecast shows that the net profit in 2023 is expected to reach 120 million yuan to 150 million yuan, a year-on-year increase of 159.92% to 224.91%. According to publicly disclosed data, this is not only the best profit year since the healthy reorganization of Lotus, but also the best year in more than 20 years. It can be seen that after several years of recovery and development, the healthy management of lotus has undergone fundamental improvement.

  The signing amount of the first shares in January and February was 4.299 billion yuan, a year-on-year decrease of 47.25%.

  () Announced that in January and February of 2024, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%; The contracted amount was 4.299 billion yuan, a year-on-year decrease of 47.25%. Among them: 1) The company and its holding subsidiaries have achieved a total contracted area of 115,500 square meters (including underground garages, etc.) with a contracted amount of 2.429 billion yuan. 2) The company’s cooperation projects have achieved a total contracted area of 101,000 square meters (including underground garages, etc.), with a contracted amount of 1.87 billion yuan.

  Initial shares: the contracted amount in January and February decreased by 47.25% year-on-year.

  The first announcement of shares, in January and February, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%; The contracted amount was 4.299 billion yuan, a year-on-year decrease of 47.25%.

  Initial shares: the contracted amount in January and February was 4.299 billion yuan.

  On March 7th, the shares were announced for the first time. From January to February, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%. The contracted amount was 4.299 billion yuan, a year-on-year decrease of 47.25%.

  Shennong Group: In February, the company’s pig sales revenue was 210 million yuan.

  () Announcement: In February 2024, the company sold 130,900 pigs (including 128,500 commercial pigs), with a sales income of 210 million yuan. Among them, 17,700 pigs were sold to slaughter enterprises within the group. In February 2024, the price of the company’s commercial pigs showed a downward trend, and the average selling price of commercial pigs was 13.04 yuan/kg, which was 0.69% lower than that in January 2024.

  First shares: In January and February, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%.

  The first share announcement, in January and February 2024, the company achieved a total contracted area of 216,500 square meters, a year-on-year decrease of 44.60%; The contracted amount was 4.299 billion yuan, a year-on-year decrease of 47.25%.

  Jifeng Co., Ltd. obtained a total estimated life cycle of 7.8 billion yuan for the passenger car seat assembly project.

  () Announced that the company has recently received the Letter of Intent for Fixed-point Supplier from customers. The company has obtained the fixed-point seat assembly project of a new energy automobile main engine factory (limited to confidentiality agreement, whose name cannot be disclosed) and will develop and produce seat assembly products for customers. According to the customer’s plan, the project is expected to start in October 2024, with a life cycle of 5 years, with an estimated total life cycle of 7.8 billion yuan.

  This new designated project is that the original customer will designate its new model to the company again. Once again, the company won the project designation of the original customer, which reflected the customer’s recognition of the company’s ability and services provided in the process of cooperation. At the same time, the continuous accumulation of orders in hand also created conditions for the company’s future production to form economies of scale. This project is not expected to have a significant impact on the company’s performance this year, but the project designation will help improve the company’s business income this year and in the future, and have a positive impact on the company’s future business performance.

  Jifeng Co., Ltd.: Obtained the fixed point of passenger car seat assembly project

  Jifeng Co., Ltd. announced that the company recently received the Letter of Intent for Fixed-point Supplier, and the company obtained the fixed-point seat assembly project of a new energy automobile main engine factory, and will develop and produce seat assembly products for customers. According to the customer’s plan, the project is expected to start from October 2024, with a life cycle of 5 years, with an estimated total life cycle of 7.8 billion yuan. It will not have a significant impact on the company’s performance this year.

  Xing Yin currency and Xing Yin cash to increase fund manager Huang Zhaoren.

  Today, Xingyin Fund Management Co., Ltd. announced that Xingyin Currency and Xingyin Cash added funds manager Huang Zhaoren.

  Huang Zhaoren has served as a data analyst of American GoHealth Insurance Company, a fund business accountant of the Operation Management Department of the Head Office of Industrial Bank Co., Ltd., and a trader of the Fund Management Department of the Planning and Finance Department of the Head Office. In August 2023, he joined Xingyin Fund Management Co., Ltd. and is currently the fund manager of the fixed income department.

  Xing Yin Currency A and B were established on August 27th, 2014. By March 6th, 2024, their yields were 25.25% and 27.57% respectively.

  Xingyin Cash Tianli A was established on December 30, 2016, and Xingyin Cash Tianli C was established on March 9, 2023. As of March 6, 2024, its yields were 18.99% and 2.39% respectively.

  Jifeng shares: obtained the designated seat assembly project of a new energy automobile main engine factory.

  Jifeng shares announced in the evening that the company has obtained the designated seat assembly project of a new energy automobile main engine factory and will develop and produce seat assembly products for customers. According to the customer’s plan, the project is expected to start from October 2024, with a life cycle of 5 years, with an estimated total life cycle of 7.8 billion yuan.

  Jifeng shares: designated by the passenger car seat assembly project.

  Jifeng Co., Ltd. announced that the company recently received the "Letter of Intent for Fixed-point Supplier" from customers, and the company won the fixed-point seat assembly project of a new energy automobile main engine factory, and will develop and produce seat assembly products for customers. According to the customer’s plan, the project is expected to start from October 2024, with a life cycle of 5 years, with an estimated total life cycle of 7.8 billion yuan.

  () International Holding Group Co., Ltd.: 21 Yingda 01 will pay the principal and interest in the first phase on March 18, 2024 and be delisted.

  On March 7, State Grid Yingda International Holding Group Co., Ltd. announced the redemption and delisting of principal and interest, and 21 Yingda 01 (bond code: 175860.SH) will be delisted on March 18, 2024.

  State Grid Yingda International Holding Group Co., Ltd. will publicly issue corporate bonds (Phase I) to professional investors in 2021 (hereinafter referred to as "current bonds"), and will begin to pay the last annual interest and principal of the bonds from March 18, 2023 to March 17, 2024 on March 18, 2024.

  According to the announcement, this bond is a 3-year fixed-rate bond, and the interest-bearing period is from March 18, 2021 to March 17, 2024, with coupon rate accounting for 3.59%.

  23 Longsheng SCP012 (science and technology bill) will be paid in Japan on March 19, 2024, totaling 506,737,704.92 yuan.

  According to the website of the Association of Interbank Market Dealers, () Group Co., Ltd. announced the interest payment arrangement of 23 Longsheng SCP012 (Science and Technology Bill). The principal and interest payment date of this bond (bond abbreviation: 23 Longsheng SCP012 (Kechuang Bill), bond code: 012383533.IB) is March 19, 2024, and the bond interest rate during the interest period is 2.74%, and the repayment category is principal and interest payment, totaling 506,737,704.92 yuan.

  China Catalyst: 4,271,200 restricted shares will be listed and circulated on March 18th.

  China Catalyst announced the listing and circulation of some restricted shares in the initial public offering. The total number of shares listed and circulated this time was 4,271,200 shares, accounting for 2.42% of the company’s total share capital. The above shares will be listed and circulated on March 18, 2024 (March 16, 2024 is a non-trading day, so it will be postponed to the next trading day).

  ArcSoft Technology appoints Wei Kai as Chief Financial Officer.

  ArcSoft Technology announced that the company held the 14th meeting of the second board of directors on March 6, 2024, and reviewed and passed the Proposal on Changing the Chief Financial Officer. In response to the adjustment of the company’s organization and talent structure, Mr. Lin Chengchuan was removed from the post of Chief Financial Officer, and Mr. Lin Chengchuan will continue to hold other positions in the company. Nominated by the general manager of the company, approved by the Nomination Committee and the Audit Committee of the board of directors, the board of directors decided to appoint Ms. Wei Kai, the current deputy financial director, as the company’s chief financial officer, with a term of office from the 14th meeting of the second board of directors to the expiration of the term of the second board of directors.

  () The Fourth Institute of Machinery, a subsidiary company, received the Decision of Non-prosecution.

  SINOMACH announced that the Fourth Design and Research Institute of Mechanical Industry, a wholly-owned subsidiary of China Automotive Industry Engineering Co., Ltd. (hereinafter referred to as the "Fourth Institute of Machinery") received the Notice of Criminal Suspects’ Litigation Rights and Obligations from the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province on July 6, 2023. The case of the Fourth Institute of Machinery suspected of colluding in bidding has been transferred from the branch directly under the Suzhou Public Security Bureau to the Wuzhong District People’s Procuratorate in Suzhou, Jiangsu Province for prosecution.

  After accepting the above-mentioned cases, the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province interrogated the Fourth Institute of Machinery according to law, listened to the opinions of the Fourth Institute of Machinery and its defenders, and reviewed all the case materials. On March 6, 2024, the company received the Decision of Not Prosecuting issued by the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province. The procuratorate believed that the Fourth Mechanical Engineering Institute had committed the acts stipulated in Article 223 of the Criminal Law of People’s Republic of China (PRC), but the circumstances of the crime were minor, with the plot of surrendering, pleading guilty and admitting punishment. According to the provisions of Article 37 of the Criminal Law of People’s Republic of China (PRC), there was no need to be sentenced to punishment. According to the second paragraph of Article 177 of the Criminal Procedure Law of People’s Republic of China (PRC), it was decided not to prosecute the Fourth Mechanical Hospital.

  SINOMACH: The wholly-owned company received the decision not to prosecute.

  On the evening of March 7th, SINOMACH announced that the company had received the Decision of Non-prosecution issued by the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province on March 6th. The procuratorate believed that the Company’s wholly-owned company, Mechanical Fourth Hospital, had committed the acts stipulated in Article 223 of the Criminal Law of People’s Republic of China (PRC), but the circumstances of the crime were minor, with the circumstances of surrendering, pleading guilty and admitting punishment. According to the provisions of Article 37 of the Criminal Law of People’s Republic of China (PRC), no penalty was required. According to the second paragraph of Article 177 of the Criminal Procedure Law of People’s Republic of China (PRC), it was decided not to prosecute the Fourth Mechanical Hospital. Previously, the case of the Fourth Machinery Institute suspected of colluding in bidding has been transferred from the branch directly under Suzhou Public Security Bureau to the People’s Procuratorate of Wuzhong District, Suzhou City, Jiangsu Province for prosecution.

  Meie Technology will hold a general meeting of shareholders on March 26th, and two proposals will be considered.

  Meie Technology announced that the first extraordinary shareholders’ meeting will be held on March 26, 2024, and online voting will be held on the same day. Date of record is March 19th, and investors who hold American and Egyptian technology stocks can vote after the market closes on that day.

  Venue: Lecture Hall, 3rd floor, Meiai (China) Environmental Technology Co., Ltd., No.101 Lanxia Road, Moling Street, Jiangning District, Nanjing.

  A total of two proposals were audited at this general meeting of shareholders, as follows:

  1. Proposal on amending the Articles of Association and amending and formulating some governance systems.

  2. Proposal on Election of Supervisors.

  Sinopharm Modern: Cefoperazone Sodium and Sulbactam Sodium for Injection passed the consistency evaluation of generic drugs.

  Sinopharm Hyundai announced on the evening of March 7th that recently, the company’s holding subsidiary Sinopharm Group Zhijun (Shenzhen) Pharmaceutical Co., Ltd. received the Notice of Approval for Drug Supplement Application approved by National Medical Products Administration, and approved cefoperazone sodium and sulbactam sodium for injection to pass the consistency evaluation of generic drug quality and efficacy. Cefoperazone sodium and sulbactam sodium are compound preparations, belonging to the third generation cephalosporins.

  The controlling shareholder of Guoxin Energy promised not to reduce its shares within 12 months.

  Guoxin Energy announced that the company recently received the Notice Letter on Voluntary Commitment not to reduce the shares of Shanxi Guoxin Energy Co., Ltd. issued by Huaxin Gas Group Co., Ltd. (hereinafter referred to as "Huaxin Gas Group").

  In 2021, Huaxin Gas Group, the controlling shareholder of the company, subscribed for 293,330,434 A shares of the company’s non-public offering, which will be listed and circulated on March 11, 2024. Based on its confidence in the company’s future development and recognition of the company’s intrinsic value, Huaxin Gas Group, at the same time, in order to enhance the confidence of investors and effectively safeguard the rights and interests of investors and the stability of the capital market, the controlling shareholder of the company voluntarily promised that within 12 months from the date of listing of the non-public offering shares (that is, from 2024) During the above commitment period, if the newly added shares are converted from capital reserve to share capital, distributed stock dividends, rights issue, etc., they will also abide by the above commitment not to reduce their holdings.

  Guoxin Energy: The controlling shareholder voluntarily promises not to reduce the shares of the company within 12 months.

  Guoxin Energy announced on the evening of March 7 that 293 million A shares of the company’s non-public offering subscribed by Huaxin Gas Group, the controlling shareholder of the company, will be listed and circulated on March 11, and Huaxin Gas Group voluntarily promises not to reduce its holdings in any way within 12 months from the listing date of the non-public offering (that is, from March 11, 2024 to March 10, 2025).

  Sinopharm Modern: Cefoperazone Sodium and Sulbactam Sodium for Injection passed the consistency evaluation.

  Sinopharm Modern announced that Sinopharm Group Zhijun (Shenzhen) Pharmaceutical Co., Ltd. (hereinafter referred to as Sinopharm Zhijun), a holding subsidiary of the company, received the Notice of Approval for Supplementary Drug Application issued by National Medical Products Administration, and approved cefoperazone sodium and sulbactam sodium for injection to pass the consistency evaluation of generic drug quality and efficacy.

  The announcement shows that cefoperazone sodium and sulbactam sodium are compound preparations and belong to the third generation cephalosporins. This product is suitable for treating the following infections caused by sensitive bacteria: upper and lower respiratory tract infections; Upper and lower urinary tract infections; Peritonitis, cystic duct and other intracavitary infections; Sepsis; Meningitis; Skin and soft tissue infections; Bone and joint infections; Pelvic inflammatory disease, endometrial gonorrhea and other reproductive tract infections.

  Minghua Innovation, the shareholder of Ganli Pharmaceutical Co., Ltd., has reduced its shareholding by 1.81%.

  () Announcement. Recently, the company received a written notice from the shareholder Minghua Innovation, which reduced its shareholding by 1.81% from February 22, 2024 to March 6, 2024. After the reduction, its shareholding ratio changed from 5.54% to 3.73%.

  Guoxin Energy: The controlling shareholder voluntarily promises not to reduce the company’s shares.

  Guoxin Energy announced that Huaxin Gas Group Co., Ltd., the controlling shareholder, voluntarily promised not to reduce its shares within 12 months.

  Fuyuan medicine repurchases about 1.39% and costs 98.1666 million yuan.

  () Announcement: As of March 7, 2024, the company has repurchased 6,687,200 shares, accounting for about 1.39% of the company’s total share capital, an increase of 0.84% compared with the last disclosure. The lowest transaction price is RMB 14.37/share, the highest transaction price is RMB 14.91/share, and the total amount of funds paid is RMB 98,166,600 (excluding transaction costs)

  Foreign Service Holdings: It is planned to repurchase and cancel 201,800 restricted shares at 3.21 yuan/share.

  () Announcement: On March 7, 2024, the company held the 24th meeting of the 11th Board of Directors and the 17th meeting of the 11th Board of Supervisors, deliberated and passed the Proposal on Repurchase and Cancellation of Some A-share Restricted Shares and Adjustment of Repurchase Price, and agreed to repurchase and cancel some A-share Restricted Shares that have been granted but have not been lifted, and adjust the repurchase price. The number of A-share restricted shares repurchased this time was 201,800, and the repurchase price of A-share restricted shares this time was 3.21 yuan/share.

  Tianjin Port: It is proposed to apply for the qualification of delivery warehouse for coke and other goods futures.

  () On the evening of March 7th, it was announced that the company decided to apply to Dalian Commodity Exchange for the qualification of designated delivery warehouses for coke, coking coal and iron ore. The project is conducive to further expanding the port service function, promoting the throughput growth of coke and other goods, and enhancing the company’s business income.

  Bian Xingcai, the actual controller of Sanfang Lane, died.

  () Announcement was made, and the board of directors of the company made a painful announcement. The board of directors of the company received a notice from the family of Mr. Bian Xingcai, the actual controller of the company, who died on March 6, 2024 at the age of 90.

  Guoxin Energy: The controlling shareholder promises not to reduce the shares of the company within 12 months.

  Guoxin Energy announced that Huaxin Gas Group, the controlling shareholder of the company, subscribed for 293,330,434 A shares of the company’s non-public offering in 2021 and will be listed and circulated on March 11, 2024. Huaxin Gas Group voluntarily promised not to reduce its shares in the company in any way within 12 months from the date of listing of the non-public offering shares (that is, from March 11, 2024 to March 10, 2025). During the above commitment period, if the newly added shares are converted from capital reserve to share capital, distributed stock dividends, rights issue, etc., they will also abide by the above commitment not to reduce their holdings.

  Tianjin Pharmaceutical Industry: Fluconazole and Sodium Chloride Injection, a subsidiary drug, passed the consistency evaluation of generic drugs.

  () Announcement: Hubei Jinyao Pharmaceutical Co., Ltd., a subsidiary, received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved by National Medical Products Administration, and approved this product to pass the consistency evaluation of generic drug quality and efficacy.

  Another A-share listed company chairman suddenly resigned! Jinfeng Wine Industry is at the crossroads. Who will pick up Jasson?

  () A paper announcement on March 4th announced the departure of Jasson, the chairman and general manager. To the outside world, Jasson’s resignation at this time is somewhat sudden, because his original term of office will end on June 30, 2025.

  "Jasson applied for resignation due to job transfer." In response to an interview with China Times, the relevant person in charge of Jinfeng Liquor Industry said that the board of directors held on March 4th decided to appoint Xu Lili as the deputy general manager of the company and act as the general manager. His resignation will not affect the company’s business development.

  It is worth mentioning that, in view of Jasson’s resignation, the board of directors of Jinfeng Liquor intends to add Zhu Yong as the company’s director. Zhu Yong is currently the general manager of Sichuan Quanxing Liquor Co., Ltd. For a long time, investors have expected the integration of Quanxing Liquor and Jinfeng Liquor. Regarding the agitation in the market, Jinfeng Wine Industry said that this is a normal personnel transfer and has nothing to do with liquor.

  As for the follow-up chairman and general manager who will fill the position, the above-mentioned person in charge of Jinfeng Liquor did not reply to our reporter. But what is certain is that behind this major personnel change, Jinfeng wine industry has a growth bottleneck that needs to be solved urgently.

  Jasson left early.

  On March 4th, Jinfeng Liquor Industry announced that the board of directors of the company recently received the resignation application from Jasson, the chairman and general manager, and applied to resign as director, chairman and general manager of the 11th board of directors of the company.

  It is understood that Mr. Jasson was appointed as the general manager of Jinfeng Liquor Industry in December 2020, was added as the company’s director in January 2021, and was elected as the company’s chairman. According to the information disclosed by Jinfeng Liquor Industry, Mr. Jasson’s original term of office ended on June 30, 2025. Why did he leave early at this time?

  "Jasson applied for resignation due to job transfer." The relevant person in charge of Jinfeng Liquor Industry replied to this reporter’s interview, saying that the board of directors held on March 4th decided to appoint Ms. Xu Lili as the deputy general manager of the company and act as the general manager. His resignation will not affect the company’s business development.

  Regarding how to evaluate Jasson’s performance during his tenure, the above-mentioned person in charge of Jinfeng Wine Industry told this reporter that Jasson had served as Party Secretary, Chairman and General Manager of Jinfeng Wine Industry. During his tenure, he fully presided over the party Committee, board of directors and operation of the enterprise. He strictly abides by the provisions of the Company Law and Articles of Association, and conscientiously performs his duties according to the tasks and objectives set by the board of directors. He promoted the transformation of the company’s business model, set up two marketing and production centers, improved the integrated management ability, optimized the product structure, actively promoted brand rejuvenation and technological innovation, and made positive contributions to the development of the company.

  In view of Jasson’s resignation, the Board of Directors of Jinfeng Liquor Industry plans to add Zhu Yong as the company’s director.

  According to the announcement materials, Zhu Yong has successively served as deputy manager of engineering investment department, manager of production management department, director of general manager’s office, assistant to general manager and internal manager of sales city of Shanghai Guanshengyuan Huaguang Brewing Pharmaceutical Co., Ltd., director of sales branch of Shanghai Jinfeng Liquor Co., Ltd., secretary and deputy general manager of Party branch of Quanxing Liquor Sales (Shanghai) Co., Ltd., and executive deputy general manager of Sichuan Quanxing Liquor Co., Ltd. (presiding). He is currently the general manager of Sichuan Quanxing Liquor Co., Ltd..

  For a long time, investors have expected the integration of Quanxing Liquor and Jinfeng Liquor. Jinfeng wine industry said that this is a normal personnel transfer and has nothing to do with liquor.

  Where will Jinfeng Wine Industry sail?

  Although Jinfeng Wine Industry affirmed Jasson’s contribution during his tenure, from the performance point of view, the performance of Jinfeng Wine Industry has not improved significantly since he took office.

  Jinfeng Liquor Industry achieved an operating income of 649 million yuan in 2021, a year-on-year increase of 6.83%; The net profit loss of returning to the mother was 12,845,800 yuan, a year-on-year decrease of 204.95%. In 2022, it realized an operating income of 662 million yuan, a year-on-year increase of 1.88%, and a net profit of 5,171,900 yuan, turning losses into profits.

  In the first three quarters of 2023, the revenue was 360 million yuan, down 13.45% year-on-year, and the non-net profit was-27.8055 million yuan. Among the three A-share listed companies (), () and Jinfeng Liquor, the revenue of Jinfeng Liquor declined the most during the same period.

  As for the reasons for the decline in performance, Jinfeng Liquor told this reporter that since 2023, the competition in Shanghai’s stock market has become increasingly fierce, and the company’s sales are facing challenges. From July to September, the operating income decreased by 25.35 million yuan compared with the same period, resulting in a year-on-year decline in profits.

  In fact, not only Jinfeng wine industry, but also the whole yellow rice wine industry has not solved the long-standing development "shackles". At present, the yellow rice wine industry is still in a difficult revival process.

  Talking about the main difficulties and bottlenecks faced by industrial development, the above-mentioned person in charge of Jinfeng Liquor Industry also admitted to the reporter. First, the limitations of the sales area, the industry production and sales area is limited to Jiangsu, Zhejiang and Shanghai, and no national layout has been formed. Second, the product structure needs to be optimized. At present, low-end products are the main products. Third, the consumer group is relatively single, and it is still dominated by middle-aged and elderly people.

  Regarding the development status of the yellow rice wine market, brand marketing expert Lu Shengzhen told the reporter of China Times that the mainstream market of alcohol consumption is in catering channels, family banquet channels and business channels. However, in the consumption scenes of Jiangsu, Zhejiang and Shanghai, the market visibility of these channels is very low. The mainstream market has not yet formed a strong consumption. In other provinces, the consumption of yellow rice wine is very accidental and the consumption intention is very low. No matter which rice wine brand has not established a real national market structure, nor has it formed a strong consumer culture in the national liquor market.

  "It is necessary to actively explore the development from regionalization to nationalization and seek more development opportunities. It is necessary to expand the consumer market of young groups and high-end groups through product upgrading, taste innovation and cultural communication, and broaden more consumption scenarios. " The above-mentioned person in charge of Jinfeng Wine Industry said.

  "If rice wine enterprises want to break through, they must take the road of high-end, rejuvenation and nationalization." The relevant person in charge of Huijishan also told the reporter of China Times.

  The above-mentioned person in charge of Jinfeng Liquor Industry believes that the traditional regional boundaries of yellow rice wine are gradually broken and the competition is intensified, driven by intensified competition in stocks and incremental expansion demand; Channels and scenes are gradually diversified; The structural upgrading of products has accelerated; Industry concentration is further concentrated.

  Jinfeng Liquor Industry will actively explore incremental opportunities such as youthfulness, high-end, online and nationalization of yellow rice wine industry by improving product quality, innovating sub-categories and renewing brand image on the basis of reserve, and at the same time, intensively cultivate it by upgrading marketing system, adjusting and optimizing product structure and increasing marketing investment.

  Who will pick up the baton next? Where will the new helm lead Jinfeng Wine Industry? Our reporter will continue to pay attention.

  New research materials: the company and its holding subsidiaries have received a total of 33,923,724.73 yuan of government subsidies.

  On the evening of March 7th, () announced that the company and its holding subsidiaries had received a total of 33,923,724.73 yuan of government subsidies since the last announcement of government subsidies, including 8,774,100.00 yuan related to assets and 25,149,624.73 yuan related to income.

  Tenglong shares: 420,000 shares of the company were repurchased on March 7.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 420,000 shares of the company through the Shanghai Stock Exchange system by centralized bidding, accounting for 0.09% of the company’s current total share capital.

  Guofa shares: Sun Company Goldman Sachs Zhizao was re-recognized by high-tech enterprises.

  On the evening of March 7, () announced that Guangzhou Goldman Sachs Zhizao Technology Co., Ltd. (hereinafter referred to as "Goldman Sachs Zhizao"), a 52% subsidiary of Guangzhou Goldman Sachs Biotechnology Co., Ltd., a wholly-owned subsidiary of the company, recently received the Certificate of High-tech Enterprise jointly issued by the Guangdong Provincial Department of Science and Technology, the Guangdong Provincial Department of Finance and the Guangdong Provincial Taxation Bureau of State Taxation Administration of The People’s Republic of China, which was re-recognized after the expiration of the original High-tech Enterprise Certificate.

  Jianghuai Automobile sold 29,661 vehicles in February, a year-on-year decrease of 25.34%.

  () Announcement: In February 2024, the company sold a total of 29,661 vehicles, down 25.34% year-on-year. Among them, the sales volume of new energy passenger cars was 1,745, up 18.71% year-on-year. 18,402 vehicles were exported, a year-on-year increase of 17.20%.

  Tianjin Pharmaceutical Industry: Fluconazole and Sodium Chloride Injection, a subsidiary, passed the consistency evaluation of generic drugs.

  Jinyao Pharmaceutical announced on the evening of March 7th that its subsidiary Hubei Jinyao Pharmaceutical Co., Ltd. received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved and issued by National Medical Products Administration, and approved the drug to pass the consistency evaluation of generic drug quality and efficacy. Fluconazole and sodium chloride injection is used to treat infections caused by various fungi.

  Consistency evaluation of generic drugs passed by Hubei Jinyao Pharmaceutical Subsidiary

  Jinyao Pharmaceutical announced that Hubei Jinyao Pharmaceutical Co., Ltd. (hereinafter referred to as "Hubei Jinyao"), a subsidiary of the company, received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved and issued by National Medical Products Administration, and approved this product to pass the consistency evaluation of generic drug quality and efficacy. Fluconazole and sodium chloride injection is used to treat infections caused by various fungi.

  () At that time, the general manager and the chief financial officer received a regulatory warning, because they failed to fulfill their information disclosure obligations in time and made disclosure errors.

  On March 7, 2024, the Shanghai Stock Exchange issued an announcement to give regulatory warnings to Shi Wenming, then general manager of Wuhan Donghu High-tech Group, and Yu Ruihua, then chief financial officer.

  The announcement detailed the violations of Wuhan Donghu High-tech Group. First of all, the company provided engineering construction services to related party Hubei Hongsheng Engineering Management in 2022, with a transaction amount of 491 million yuan. However, the company only made supplementary disclosure on July 13, 2023, and the information disclosure was not timely. Secondly, in December, 2020, the company’s subsidiary, Hubei Luqiao Group, made a commitment to make up the difference of no more than 995 million yuan for the project loan of 1.824 billion yuan applied by Hubei Hongsheng. However, after Hubei Hongsheng became a related party of the company, the company failed to re-perform the review procedure for the related guarantee with Hubei Hongsheng in time. Finally, some data in the company’s 2022 annual report are not accurate and there are disclosure errors.

  These acts violate the relevant provisions of the Listing Rules of Shanghai Stock Exchange and damage the investors’ right to know. For the company’s violations, the Shanghai Stock Exchange has made a regulatory decision on the company’s timely chairman Yang Tao and then secretary of the board Duan Jing.

  In addition, according to the determination of Hubei Supervision Bureau, Shi Wenming, then general manager of the company, and Yu Ruihua, then chief financial officer, were not diligent and responsible for the company’s violations, and their actions violated the relevant provisions of the Stock Listing Rules and the commitments made in the Statements and Undertakings of Directors (Supervisors and Senior Managers). Therefore, the Shanghai Stock Exchange issued a regulatory warning to Shi Wenming and Yu Ruihua.

  Shanghai Hugong: The business income of satellite component related business and robot system integration business is relatively small.

  On March 7th, () announced that the company’s main business has not changed at present, and Shanghai Huhang Satellite Technology Co., Ltd., a wholly-owned subsidiary of the company, is involved in some business related to satellite components, and its operating income accounts for about 1%-2% of the operating income of listed companies; The company is involved in the robot system integration business, and its operating income accounts for about 1%-2% of the operating income of listed companies. The business income of satellite parts related business and robot system integration business accounts for a relatively small proportion, which has no significant impact on the company’s performance.

  Weizhixiang’s real controller has accumulated 407,800 shares.

  () Announcement: As of March 7, 2024, Xia Jing, the controlling shareholder and actual controller of the company, increased the holding of 407,800 shares of the company by centralized bidding through the Shanghai Stock Exchange system with his own funds, accounting for 0.30% of the company’s total share capital, and the holding amount was 12,018,200 yuan (excluding transaction costs), which exceeded the lower limit of the planned holding amount range of 12 million yuan. Xia Jing will continue to choose the opportunity to increase the company’s shares in accordance with the increase plan.

  3 Lianban Shanghai Hugong: The business income of satellite parts related business and robot system integration business accounts for a relatively small proportion.

  Shanghai Hugong issued a risk warning announcement, saying that the company’s main business has not changed at present. Shanghai Huhang Satellite Technology Co., Ltd., a wholly-owned subsidiary of the company, is involved in some business related to satellite components, and its operating income accounts for about 1%-2% of the operating income of listed companies; The company is involved in the robot system integration business, and its operating income accounts for about 1%-2% of the operating income of listed companies. The business income of satellite parts related business and robot system integration business accounts for a relatively small proportion, which has no significant impact on the company’s performance. The development of related businesses is related to many factors such as the national development plan for related industries, and there are still uncertainties.

  Jilin Aodong issued 2 billion yuan medium-term notes and was accepted for registration.

  () Announced that the company recently received the Notice of Acceptance of Registration (Zhongshi Xiezhu [2024]No. MTN208) issued by China Interbank Market Dealers Association, and the dealers association decided to accept the registration of the company’s medium-term notes. The registered amount of the company’s medium-term notes is 2 billion yuan, and the registration amount is valid for 2 years from the date of the notice, which is jointly underwritten by China Agricultural Bank Co., Ltd. and China Minsheng Bank Co., Ltd.

  Guangdong Construction Engineering Co., Ltd.: The subsidiary jointly won the bid for a project with a total price of 4.893 billion yuan.

  () Announcement, the consortium composed of Guangdong Yuantian Engineering Co., Ltd., a wholly-owned subsidiary, and Guangdong Thermal Power Engineering Co., Ltd., China Energy Construction Group (the organizer) won the bid for the EPC general contracting project of 750MW wind power generation project in Xiqing District, Tianjin, with the winning bid of 4.893 billion yuan and the total project duration of 18 months. Among them, the amount of engineering construction tasks undertaken by Yuantian Company is about 1.846 billion yuan.

  Guangdong Construction Engineering Co., Ltd.: The subsidiary jointly won the bid for a project with a total price of 4.893 billion yuan.

  Guangdong Construction Engineering announced that the consortium composed of Guangdong Yuantian Engineering Co., Ltd., a wholly-owned subsidiary, and Guangdong Thermal Power Engineering Co., Ltd., a China Energy Construction Group (the organizer) won the bid for the EPC general contracting project of Guangzhou to develop the 750MW wind power project in Tianjin Xiqing District, with the winning bid of 4.893 billion yuan and the total project duration of 18 months. Among them, the amount of engineering construction tasks undertaken by Yuantian Company is about 1.846 billion yuan.

  ST Noble: Touching the delisting indicators of trading, stocks will be suspended from March 8.

  () Announcement, as of March 7, 2024, the closing price of the company’s stock was 0.67 yuan/share, which has been lower than that of 1 yuan for 20 consecutive trading days and has touched the delisting index of trading; The company’s shares have been suspended since the opening of the market on Friday, March 8, 2024. The Shanghai Stock Exchange will issue a prior notice to the company to terminate its listing within 5 trading days after the company touches the delisting of trading.

  Sifang New Materials: The controlling shareholder plans to increase its shareholding by RMB 17 million to RMB 20 million.

  () On the evening of March 7th, it was announced that Tak-Chi Lee and Zhang Lilan, the controlling shareholders and actual controllers, planned to use their own funds to increase their shares by 17 million yuan to 20 million yuan through centralized bidding, and the increase price was not higher than 12.78 yuan/share.

  The controlling shareholder of Chengyi Pharmaceutical Co., Ltd. increased its holdings by 1%.

  () Announcement: From February 6 to March 7, 2024, Yan Xiaoling, the concerted action person of the company’s controlling shareholder, and Wenzhou Dongtou Chengxin Microfinance Co., Ltd. increased their holdings by a total of 3,424,700 shares, accounting for 1.05% of the company’s total share capital.

  Jianghuai Automobile: Car sales in the first two months increased by 5.1% year-on-year.

  Jianghuai Automobile announced that the sales volume in February 2024 totaled 29,661 vehicles, down 25.34% year-on-year; In the first two months of 2024, the sales volume totaled 68,908 vehicles, a year-on-year increase of 5.10%.

  Sanfangxiang: The actual controller, Mr. Bian Xingcai, passed away.

  Sanfangxiang announced that the board of directors of the company received a notice from the family of Mr. Bian Xingcai, the actual controller of the company, who died on March 6, 2024 at the age of 90.

  ST Noble: The company’s stock touches the trading delisting index and will be suspended from March 8.

  ST Noble announced on the evening of March 7th that as of March 7th, the daily stock closing price of the company’s shares for 20 consecutive trading days was lower than that of RMB 1 yuan, which touched the trading delisting index stipulated in the first paragraph of Article 9.2.1 of the Stock Listing Rules. According to the provisions of Article 9.2.6 of the Stock Listing Rules, the company’s shares were suspended from trading on Friday, March 8th. The Shanghai Stock Exchange will issue a prior notice to the company to terminate its stock listing within 5 trading days after the company touches the delisting of trading.

  Tianjin pharmaceutical industry: fluconazole and sodium chloride injection passed the consistency evaluation of generic drugs

  Jinyao Pharmaceutical announced that Hubei Jinyao, a subsidiary of the company, received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved and issued by National Medical Products Administration, and approved this product to pass the consistency evaluation of generic drug quality and efficacy. Fluconazole and sodium chloride injection is used to treat infections caused by various fungi.

  Liaoning Chengda: Xinjiang Baoming, a subsidiary, received a decision to cancel the case.

  () Announcement: On May 30, 2023, Xinjiang Baoming Mining Co., Ltd., a holding subsidiary of the company, was placed on file for investigation by Jimsar County Public Security Bureau of Xinjiang for allegedly illegally occupying agricultural land. Recently, Baoming, Xinjiang received the Decision of Revoking the Case from Jimsar County Public Security Bureau, and Jimsar County Public Security Bureau decided to dismiss the case.

  Yulong completed the repurchase of 5,098,800 shares at a cost of 50,119,300 yuan.

  () Announcement: On March 6, 2024, the company completed the repurchase, and actually repurchased 5,098,800 shares of the company, accounting for 0.65% of the company’s total share capital. The highest repurchase price was 11.41 yuan/share, the lowest repurchase price was 8.24 yuan/share, and the total amount of funds used was 50,119,300 yuan (excluding transaction expenses such as stamp duty and transaction commission).

  Sifang new materials: the actual controller plans to spend 17 million to 20 million yuan to increase the company’s shares.

  Sifang New Materials announced that Tak-Chi Lee and Zhang Lilan, the controlling shareholders and actual controllers of the company, intend to increase their holdings of the company’s shares, with a total increase of not less than 17 million yuan, not more than 20 million yuan, and an increase of not more than 12.78 yuan/share. The implementation period of this shareholding plan is from March 13, 2024 to May 23, 2024, in which March 28, 2024 to April 26, 2024 is the time when it is forbidden to buy or sell the company’s shares.

  Mubang Hi-Tech: Bangling International intends to transfer no more than 5.3% of the company’s shares through agreement transfer.

  () Announcement, Bangling International intends to transfer no more than 5.3% of the company’s shares through agreement transfer.

  Zhuoyi Information completed the repurchase of 526,900 shares at a cost of 19,796,500 yuan.

  Zhuoyi Information announced that on March 7, 2024, the company completed this repurchase, and has actually repurchased 526,900 shares of the company through the Shanghai Stock Exchange in a centralized bidding transaction, accounting for 0.61% of the company’s total share capital of 86,956,591 shares. The highest repurchase price is 41.427 yuan/share, the lowest repurchase price is 29.658 yuan/share, and the average repurchase price is about 375,600.

  Aonong Bio: The court ruled to accept the reorganization of the controlling shareholder.

  () Announcement, Xiangcheng Court ruled on March 7, 2024 to accept the creditor Fujian Dazhou Construction Group Co., Ltd.’ s application for reorganization of Zhangzhou Aonong Investment Co., Ltd., the controlling shareholder of Fujian Aonong Biotechnology Group Co., Ltd.

  ST noble: touching the delisting index of trading, stock suspension

  ST Noble announced that as of March 7, 2024, the closing price of the company’s stock was 0.67 yuan/share, which has been lower than that of 1 yuan for 20 consecutive trading days, and has touched the trading delisting index stipulated in the first paragraph of Article 9.2.1 of the Listing Rules of Shanghai Stock Exchange (hereinafter referred to as "the Listing Rules").

  According to Article 9.2.6 of the Stock Listing Rules, the company’s shares will be suspended from the market opening on Friday, March 8, 2024, and the Shanghai Stock Exchange (hereinafter referred to as "SSE") will issue a prior notice to the company to terminate its stock listing within five trading days after the company touches the delisting situation of trading. The Shanghai Stock Exchange will make a decision on whether to terminate the listing of the company’s shares within 15 trading days after the company touches on the delisting of transactions, according to the audit opinions of the listing Committee.

  Weir shares: GDR convertibility period is about to expire.

  () On the evening of March 7th, it was announced that the redemption period of Global Depositary Receipts ("GDR") issued by the company this time was from November 10th, 2023 (Central European Time) to March 8th, 2024 (Central European Time), and the redemption period of GDR issued by the company this time was about to expire. After the expiration of the redemption restriction period, GDR can be converted into A shares of the company, which will lead to a corresponding decrease in the number of A shares held by Citibank,National Association as nominal holders of the company’s GDR and enter the domestic market for circulation and trading according to the GDR cancellation instruction. The number of GDR at the expiration of the redemption restriction period is 31 million, corresponding to 31 million A shares of the company, accounting for about 2.55% of the company’s current total share capital.

  Sanlian board Dalian Shengya: At present, the company’s production and operation activities have not changed significantly.

  () On the evening of March 7th, the stock trading risk warning announcement was disclosed. The company’s main business is the operation of the polar aquarium scenic spot, the commercial operation in the scenic spot and the animal operation. At present, the company’s production and operation activities have not changed significantly. As of March 7, the company’s stock has been trading daily for three consecutive trading days.

  Bangling International, the shareholder of Mubang Hi-Tech, intends to transfer no more than 5.3% of the company’s shares by agreement.

  Mubang Hi-Tech announced that Bangling International, a shareholder holding 17.96% of the shares, intends to transfer no more than 23 million shares of the company through agreement transfer, that is, the transfer ratio does not exceed 5.3% of the company’s total share capital, and the share transfer period is within 6 months from March 13, 2024. This share transfer is an agreement transfer and does not involve the reduction of the secondary market.

  For the sake of the long-term sustainable development of the company and safeguarding the interests of all shareholders, Bangling International has made the following commitments: in the process of collecting the transferee of some shares transferred by agreement, it will explicitly require the transferee to promise to strictly abide by the lock-up period arrangement of relevant laws, regulations, departmental rules and normative documents, and require the transferee to make an additional commitment not to reduce the shares of the company transferred by this agreement within 12 months after the completion of the transfer registration of shares transferred by agreement.

  Mubang Hi-Tech: Bangling International intends to transfer no more than 5.3% of the shares of the company by agreement.

  Mubang Hi-Tech announced on the evening of March 7 that the shareholder Bangling International intends to transfer no more than 23 million shares of the company through agreement transfer, that is, the transfer ratio does not exceed 5.3% of the company’s total share capital, and the share transfer period is within 6 months from March 13. The above share transfer plan is decided by the shareholders independently according to their own capital needs, and this share transfer will not have a significant impact on the corporate governance structure and going concern.

  Haiqi Group: There are still uncertainties in major asset restructuring matters.

  () Announcement: The deviation of the daily closing price of the company’s shares in two consecutive trading days on March 6 and March 7, 2024 totaled more than 20%. According to the relevant provisions of the Trading Rules of Shanghai Stock Exchange, it is an abnormal fluctuation of stock trading.

  On March 6, 2024, the company disclosed the Report on Hainan Haiqi Transportation Group Co., Ltd. Issuing Shares and Paying Cash to Purchase Assets and Raising Matching Funds and Related Transactions (Draft) and Announcement on the Reorganization and Resumption of Major Assets of the Company (AnnouncementNo.: 2024-027) and other related announcements. As of the disclosure date of this announcement, the company is planning major assets reorganization. It is planned to purchase 100% equity of Hainan Tourism Investment and Development Co., Ltd. (hereinafter referred to as "Hainan Tourism Investment") by issuing shares and paying cash, and raise matching funds (hereinafter referred to as "this transaction"). At present, the transaction still needs to perform the necessary internal decision-making procedures, and it can be formally implemented after being approved by the regulatory authorities, and there are still uncertainties. Investors are advised to invest rationally and pay attention to the trading risks in the secondary market.

  Straits Environmental Protection will hold a shareholders’ meeting on March 20th to consider three proposals.

  () Announce that the first extraordinary general meeting of shareholders will be held on March 20, 2024, and the online voting date will be March 19. Date of record is on March 13th, and investors who hold shares of Straits Environmental Protection can vote after the market closes on that day.

  Meeting place: Company meeting room at No.16 Yangli Road, Gushan Town, Jin ‘an District, Fuzhou, Fujian.

  A total of three proposals were audited at this general meeting of shareholders, as follows:

  1. Proposal on Downward Revising the Conversion Price of "Haihuan Convertible Bonds"

  2. Proposal on Formulation

  3. Remuneration Plan for Supervisors of the Fourth Board of Supervisors.

  () A shareholders’ meeting will be held on March 25th to consider the proposal of extending the validity period of the resolution of the shareholders’ meeting to issue A-share convertible corporate bonds to unspecified objects.

  Xiang Oil Pump announced that the first extraordinary shareholders’ meeting will be held on March 25, 2024, and online voting will be held on the same day. Date of record is March 18th, and investors who hold shares of Hunan Oil Pump can vote after the market closes on that day.

  Meeting place: Conference Room 1 of Company, No.69 Hengyue North Road, Chengguan Town, Hengdong County, Hengyang City, Hunan Province.

  A total of two proposals were audited at this general meeting of shareholders, as follows:

  1. Proposal on Extending the Validity Period of the Resolution of the Shareholders’ General Meeting on the Company’s Issuance of A-share Convertible Corporate Bonds to Unspecified Objects

  2. Proposal on requesting the general meeting of shareholders to extend the validity period of authorization for the company to issue A-share convertible corporate bonds to unspecified objects.

  () A shareholders’ meeting will be held on March 20th to consider the proposals of wholly-owned subsidiaries applying for syndicated project loans and the company providing guarantees to subsidiaries.

  Vogel Optoelectronics announced that the first extraordinary general meeting of shareholders will be held on March 20, 2024, and online voting will be held on the same day. Date of record is March 14th, and investors who hold Vogel Optoelectronic shares can vote after the market closes on that day.

  Meeting place: conference room of Vogel Science Park Company, Saiwei Avenue, National High-tech Industrial Development Zone, Xinyu City, Jiangxi Province.

  A total of two proposals were audited at this general meeting of shareholders, as follows:

  1. Proposal on the wholly-owned subsidiary’s continuing investment in the construction of the chip board loading board project with an annual output of 1 million square meters.

  2. Proposal on the application of loan for syndicated projects by wholly-owned subsidiaries and the guarantee provided by the company to subsidiaries.

  Avic heavy machinery: the largest shareholder is to be absorbed and merged.

  () Announcement: Guizhou Jinjiang Aviation Hydraulic Co., Ltd., the largest shareholder of the company, intends to be absorbed and merged by Guizhou, China Aviation Industry Co., Ltd.; After this equity change, Guihang Group will become the largest shareholder of the company, which will not lead to changes in the controlling shareholder and actual controller of the company and their shareholding.

  AVIC Heavy Machinery: Guihang Group plans to become the largest shareholder of the company.

  AVIC Heavy Machinery announced that on March 7, 2024, the company received the Letter of Notice from Guizhou, China Aviation Industry (Group) Co., Ltd. ("Guihang Group") on the absorption and merger of Jinjiang Company. Guihang Group intends to integrate its subsidiaries, and Guihang Group will absorb Guizhou Jinjiang Aviation Hydraulic Co., Ltd. ("Jinjiang Company"), the largest shareholder of the merged company.

  After the merger, 321 million shares of unrestricted shares held by Jinjiang Company will be transferred to Guihang Group without transaction. After the merger, Guihang Group will hold 411 million unrestricted shares of the company, accounting for 27.77% of the company’s total share capital. After this equity change, Guihang Group will become the largest shareholder of the company, which will not lead to changes in the controlling shareholder and actual controller of the company and their shareholding.

  China Catalyst: 4,271,186 restricted shares will be listed and circulated on March 18th.

  On the evening of March 7, China Catalyst announced the listing and circulation of some restricted shares in the initial public offering, saying that the listing type of this stock is the company’s first restricted shares; The stock subscription method is offline, and the total number of shares listed and circulated this time is 4,271,186 shares. The date of listing and circulation of restricted shares is March 18, 2024.

  Guangxi Energy Group: 21 Guangneng G1 will pay interest on March 11th.

  On March 7, Guangxi Guangtou Energy Group Co., Ltd. announced the interest payment, and will pay the interest from March 10, 2023 to March 9, 2024 on March 11, 2024.

  According to the interest payment plan, the coupon rate of the current bond variety "21 Guangneng G1" is 5.30%. This interest payment is RMB 53.00 (including tax) for every 10 "21 Guangneng G1" with a face value of RMB 1,000. After tax deduction, the actual interest paid by individuals and securities investment fund bondholders for every 10 bonds is RMB 42.40; The actual interest paid by non-resident enterprises (including QFII and RQFII) for every 10 sheets is RMB 53.00.

  Sinopharm Modern: Cefoperazone Sodium and Sulbactam Sodium for Drug Injection, a holding subsidiary, passed the conformity evaluation of generic drugs.

  On March 7th, Sinopharm Hyundai announced that its holding subsidiary cefoperazone sodium and sulbactam sodium for drug injection passed the conformity evaluation of generic drugs.

  Xiamen Xiangyu Group Co., Ltd. extended the filing time of corporate bond bookkeeping in 2024.

  On March 7, () Group Co., Ltd. announced that due to the changes in the bond market, the bookkeeping manager and issuer reached an agreement to extend the end time of filing corporate bonds (Phase II) publicly issued to professional investors in 2024 to 19:00 on March 7. The bonds issued this time are divided into two types, of which the maturity of the first type bond is 3 years and the maturity of the second type bond is 5 years, and the total issuance scale does not exceed RMB 8 billion.

  Huaxia Happiness: Set up a self-beneficial trust to offset the financial debt of no more than 24.001 billion yuan.

  () Announcement, the company intends to take Huaxia Happiness (Gu ‘an) Information Consulting Service Co., Ltd. (referred to as "Gu ‘an Information Consulting"), a wholly-owned subsidiary, as the principal and the initial beneficiary, and hold a 100% equity of Yu Nuo Jin (Gu ‘an) Information Consulting Service Co., Ltd. (referred to as "Yu Nuo Jin" or "Target Company") with a value of 1 million yuan. And Gu ‘an Information Consulting has set up a self-beneficial property right trust plan, namely "Jianxin Trust-Cai Feng No.1 Property Right Trust Plan", for the creditor’s rights of Yu Nuojin and its 11 subordinate target project companies totaling 25.584 billion yuan, and it is planned to use the beneficial share of this trust plan to offset the financial debts of "redemption" financial creditors with a total amount of no more than 24.001 billion yuan.

  Jintian shares: 800,000 shares were repurchased for the first time.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 800,000 shares for the first time through centralized bidding, accounting for 0.05% of the company’s current total share capital.

  Decai shares: 590,880 shares were repurchased for the first time.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 590,880 shares of the company through the trading system of Shanghai Stock Exchange by centralized bidding, accounting for 0.4221% of the company’s total share capital.

  Yongyue Technology: Repurchase 16,500 shares for the first time.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 16,500 shares of the company for the first time through centralized bidding, accounting for 0.005% of the company’s current total share capital.

  Hemai shares: 30,000 shares of the company were repurchased on March 7.

  On the evening of March 7, Hemai announced that on March 7, 2024, the company repurchased 30,000 shares of the company for the first time through the trading system of Shanghai Stock Exchange through centralized bidding trading, accounting for 0.04% of the company’s total share capital.

  Sifang New Materials: The controlling shareholder plans to increase the company’s shares by RMB 17 million to RMB 20 million.

  Sifang New Materials announced that Li Dezhi and Zhang Lilan, the controlling shareholders and actual controllers of the company, intend to increase their holdings of the company’s shares, with a total increase of not less than 17 million yuan and not more than 20 million yuan; The overweight price is not higher than 12.78 yuan/share.

  Mubang Hi-Tech: The shareholder Bangling International intends to transfer no more than 5.3% of the company’s shares by agreement.

  Mubang Hi-Tech announced that the company’s shareholder, Bangling International, which holds 17.96% of the shares, intends to transfer no more than 23,000,000 shares of the company through agreement transfer, that is, the transfer ratio does not exceed 5.30% of the company’s total share capital, and the share transfer period is within 6 months from March 13, 2024.

  St. Noble: The stock price touched the trading delisting index and suspended trading continuously from the 8th.

  ST Noble announced that as of March 7, 2024, the daily stock closing price of the company’s shares for 20 consecutive trading days was lower than that of RMB 1 yuan, which had touched the trading delisting index stipulated in the first paragraph of Article 9.2.1 of the Stock Listing Rules, and the company’s shares were suspended from trading on March 8, 2024. The Shanghai Stock Exchange will issue a prior notice to the company to terminate its stock listing within 5 trading days after the company touches the delisting of trading.

  Geling Shentong: 2127119 restricted shares will be listed and circulated on March 18th.

  On the evening of March 7, Geling Shentong announced the listing and circulation of the initial public offering strategic placement restricted shares, saying that the listing type of this stock is the company’s initial strategic placement shares (restricted sale period is 24 months); The stock subscription method is offline, and the total number of shares listed and circulated this time is 2127119 shares. The date of listing and circulation of this stock is March 18th, 2024.

  Changyuan Group: Repurchase 200,000 shares for the first time.

  On the evening of March 7, () announced that on March 7, 2024, the company repurchased 200,000 shares for the first time through centralized bidding, accounting for 0.0152% of the company’s total share capital.

  Fuyuan Medicine: 6,687,200 shares have been repurchased.

  On the evening of March 7, Fuyuan Pharmaceutical announced that from February 5 to March 7, 2024, the company had repurchased 6,687,200 shares through centralized bidding, accounting for about 1.39% of the company’s total share capital.

  Soochow securities plans to cancel the repurchase of 38,799,800 A shares.

  On March 7, soochow securities announced that the company completed the repurchase on March 30, 2021, and actually repurchased 38,799,800 A shares, accounting for about 0.77% of the company’s current total share capital, and the total amount of funds used was about 351 million yuan (excluding transaction costs). According to the share repurchase plan, if the repurchased shares are not used for repurchasing shares within 3 years after the announcement of repurchase results and share changes, the unused repurchased shares will be cancelled. Considering that the above three-year period is about to expire, soochow securities plans to cancel the repurchase of A shares totaling 38,799,800 shares.

  After the cancellation, the registered capital of soochow securities will be reduced by 38.7998 million yuan, from 5.008 billion yuan to 4.969 billion yuan, and the total share capital of the company will be changed from 5.008 billion shares to 4.969 billion shares.

  Consistency evaluation of fluconazole and sodium chloride injection in Tianjin pharmaceutical industry through generic drugs

  On the evening of March 7, Jinyao Pharmaceutical announced that Hubei Jinyao Pharmaceutical Co., Ltd. (hereinafter referred to as "Hubei Jinyao"), a subsidiary of the company, received the Notice of Approval for Drug Supplement Application for Fluconazole and Sodium Chloride Injection approved by National Medical Products Administration, and approved that Fluconazole and Sodium Chloride Injection passed the consistency evaluation of generic drug quality and efficacy.

  According to the announcement, fluconazole sodium chloride injection is used for the treatment of infections caused by various fungi, and it is a Class B variety of the National Essential Drugs List (2018) and the National Basic Medical Insurance, Work Injury Insurance and Maternity Insurance Drugs List (2023). Hubei Jinyao submitted a supplementary application for consistency evaluation of fluconazole and sodium chloride injection to National Medical Products Administration Drug Evaluation Center in November 2022 and was accepted. Up to now, Hubei Jinyao has invested about 9.4 million yuan in research and development on fluconazole and sodium chloride injection project.

  Leibertec: repurchased 19,507 shares for the first time.

  On the evening of March 7, Leibertec announced that on March 7, 2024, the company repurchased 19,507 shares of the company through the trading system of Shanghai Stock Exchange by centralized bidding, accounting for 0.03% of the company’s total share capital.

  Qinchuan IOT bought back 2.01% of the shares, which cost 25.19 million yuan.

  Qinchuan IOT announced that as of March 7th, the company had repurchased 3,377,300 shares of the company by centralized bidding through the Shanghai Stock Exchange system, accounting for 2.01% of the company’s total share capital. The highest repurchase price was 8 yuan/share, and the lowest price was 6.90 yuan/share, and the total amount of funds paid was about 25.19 million yuan.

  Guodian Nanrui: It is planned to invest in the construction of "Jiangning Base Park Upgrading and Reconstruction Project"

  () Announcement, the company plans to invest in the construction of "Jiangning Base Park Upgrading and Renovation Project", with a total investment of 666.98 million yuan, the construction period is expected to be 52 months, and the source of funds is self-raised by the enterprise.

  Wei Zhixiang: About 99,400 shares of the company were repurchased for the first time.

  On March 7, Wei Zhixiang announced that on March 7, 2024, the company repurchased about 99,400 shares for the first time through centralized bidding, accounting for 0.07% of the company’s total share capital (based on the company’s total share capital of 138 million shares as of March 6, 2024). The highest price of repurchase transactions was 28.43 yuan/share, and the lowest price was 28.21 yuan/share.

  The second largest shareholder of Mubang Hi-Tech intends to transfer no more than 5.3% of its equity by agreement, and it is expected to turn losses into profits in 2023.

  On the evening of March 7, Mubang Hi-Tech announced that the company’s shareholder Bangling International Co., Ltd. (hereinafter referred to as "Bangling International") intends to transfer no more than 23 million shares of the company through agreement transfer, that is, the transfer ratio does not exceed 5.30% of the company’s total share capital, and the share transfer period is within 6 months from March 13, 2024. This share transfer is an agreement transfer and does not involve the reduction of the secondary market.

  According to the announcement, as of the announcement date, Bangling International holds 77.88 million unrestricted shares of Mubang Hi-Tech, accounting for 17.96% of the company’s total share capital. The above-mentioned shares were acquired by Bangling International before the company’s initial public offering of A shares, which were released from the restricted sale and listed for circulation on December 10, 2018.

  For the sake of the company’s long-term sustainable development and safeguarding the interests of all shareholders, Bangling International promises that in the process of collecting the transferee of some shares transferred by agreement, it will explicitly require the transferee to promise to strictly abide by the lock-up period arrangement of relevant laws, regulations, departmental rules and normative documents, and require the transferee to make an additional commitment not to reduce the shares of the company transferred by this agreement within 12 months after the completion of the transfer registration of shares transferred by agreement.

  Mubang Hi-Tech said that the above-mentioned share transfer plan was decided by shareholders according to their own capital needs, and this share transfer will not have a significant impact on the corporate governance structure and going concern. During the share transfer period, the share transfer subject will decide whether to implement this share transfer plan according to market conditions, the company’s share price and other factors, and there are uncertainties such as share transfer time, transfer price and transfer quantity.

  The reporter found that as of February 27, 2024, Shantou Bangling Trading Co., Ltd. held 87.54 million shares of Mubang Hi-Tech, accounting for 20.19% of the total share capital, which was the controlling shareholder of the company, while Bangling International was the second largest shareholder of the company, and the actual controller of Mubang Hi-Tech was Liao Zhiyuan.

  According to Mubang Hi-Tech’s announcement on January 20th this year, as of that date, Bangling Trade has pledged 64.07 million shares of the company, accounting for 73.19% of its total shares and 18.70% of its total share capital.

  From a fundamental point of view, Mubang Hi-Tech is mainly engaged in the production and sales of monocrystalline silicon rods and silicon wafers and educational toys. Previously, Mubang Hi-Tech announced that it expected to achieve a net profit of 30-40 million yuan in 2023, with a net profit of 10-15 million yuan after deduction. In the same period last year, the company’s net loss was about 229 million yuan, and the net loss after deduction was about 225 million yuan.

  As for the performance change, Mubang Hi-Tech said that according to the preliminary calculation of the company’s financial department, the main reason for the company’s operating profit during the reporting period was the increase in operating income and net profit in Haoan, Inner Mongolia. In 2023, the company’s main business was transformed. During the reporting period, the company’s photovoltaic business accounted for more than 90% of its operating income. At present, the company is striving to build an industrial system of silicon materials (silicon purification), silicon wafers and batteries, actively seize the market opportunity of the rapid development of the national photovoltaic industry, and consolidate the industrial foundation.

  Buchang Pharmaceutical: The company dissolved the equity transfer agreement with Chen Juanping and Wang Baocai.

  () Announcement: After careful consideration and negotiation, the company, Chen Juanping and Wang Baocai unanimously agreed to dissolve the Equity Transfer Agreement, and signed the Supplementary Agreement to the Equity Transfer Agreement of Sichuan Luzhou Buchang Biopharmaceutical Co., Ltd. on March 7, 2024.

  Overevaluation of fluconazole and sodium chloride injection, an antifungal drug of Tianjin Pharmaceutical Company.

  On the evening of March 7th, Jinyao Pharmaceutical announced that its subsidiary Hubei Jinyao received the Notice of Approval for Supplementary Application of Fluconazole and Sodium Chloride Injection approved by National Medical Products Administration, and approved the drug to pass the consistency evaluation of generic drug quality and efficacy.

  It is reported that fluconazole sodium chloride injection is used for the treatment of infections caused by various fungi, and it is a Class B variety of the National Essential Drugs List (2018) and the National Basic Medical Insurance, Work Injury Insurance and Maternity Insurance Drugs List (2023). According to some data, fluconazole is the first triazole drug designated by the World Health Organization to treat systemic fungal infections. It has the advantages of wide antibacterial spectrum, low toxicity to liver and kidney and wide tissue distribution, and is widely used in respiratory department, infectious department, ICU and hematology department. At present, the domestic market of fluconazole includes a variety of dosage forms, such as capsules, tablets, injections, eye drops, etc., among which injections are the first choice for invasive candidiasis.

  As a first-line drug in antifungal field, fluconazole and sodium chloride injection has a market scale of 100 million in China. According to the national enlarged hospital data of Minenet, in 2021 and 2022, the domestic sales of fluconazole and sodium chloride injection were 960 million yuan and 490 million yuan respectively.

  According to the relevant national policies and regulations, appropriate support should be given to the drug varieties that have passed the consistency evaluation in terms of medical insurance payment, and medical institutions should give priority to procurement and clinical selection. This time, the fluconazole and sodium chloride injection of Tianjin Pharmaceutical Company was "over-evaluated", which further enhanced the competitive advantage of the drug in the domestic market and is expected to increase its market share in China. (Zhang Haiying)

  The total tax-free transaction price of Haiqi Group’s cross-border acquisition of sea travel of about 2 billion yuan has dropped by nearly 60% after several adjustments.

  

Recently, Haiqi Group, a leading enterprise in the transportation industry, announced that it intends to issue shares and pay cash to Hainan Tourism Investment Development Co., Ltd. (referred to as "Hainan Travel Investment") to purchase 100% equity of Hainan Travel Investment Duty Free Products Co., Ltd. (referred to as "Hainan Travel Tax Free") held by the latter, with a transaction price of 2.037 billion yuan. The reporter of the Economic Information Daily noted that the total transaction price of this reorganization has dropped by nearly 60% from the initial 5 billion yuan after several adjustments. After the transaction is completed, the main business of Haiqi Group will be transformed from the traditional passenger transportation business to the duty-free commercial comprehensive business. Industry experts pointed out that the downward adjustment of the total transaction price may help protect the interests of small and medium investors.

  Transformation of duty-free commercial comprehensive business

  On the evening of March 5th, Haiqi Group issued a series of documents, including the report (draft) on issuing shares and paying cash to buy assets and raising matching funds and related party transactions (hereinafter referred to as the "report"), the announcement on the reorganization and resumption of trading of major assets of the company, the announcement on this issue of shares and paying cash to buy assets and raising matching funds and the adjustment of related party transactions scheme. This also means that the company intends to acquire the 100% equity of Hainan Travel Investment, an indirect controlling shareholder, to usher in further progress.

  According to the report, in this transaction, the underlying asset is 100% equity of Hailv Duty Free. According to the relevant evaluation methods, the owner’s equity attributable to the parent company in the tax-free simulated consolidated statement of China Travel Service is estimated to be 2,037.17 million yuan on the evaluation benchmark date of November 30, 2023. As of November 30, 2023, the net assets of the target company’s simulated consolidated statements were about 1.042 billion yuan, with an estimated appreciation of 995 million yuan and an appreciation rate of 95.53%.

  According to public information, Haiqi Group is a national first-class road passenger transport enterprise, a national top 50 road passenger transport enterprise, a top 100 transportation enterprise in China, and a leading road transport enterprise in Hainan. It is also the largest comprehensive road transport service provider in Hainan, and its business scope covers passenger transport on class lines, tourist passenger transport, rental, express delivery and automobile maintenance. Since its establishment, Haiqi Group has been committed to road passenger transport business, mainly engaged in automobile passenger transport, bus terminal operation and related automobile sales and maintenance, automobile equipment and fuel sales and other businesses. Among them, bus passenger transport and bus terminal operation are the core business of the company.

  Regarding the impact of this transaction on the company’s business, Haiqi Group said that before this transaction, the main businesses of listed companies were automobile passenger transport, the development and operation of automobile stations, comprehensive automobile services and transportation and tourism, and the main business of the target company was duty-free retail business. After the completion of this transaction, the main business of listed companies will be transformed from traditional passenger transport business to duty-free comprehensive business, realizing the leap-forward development of tourism transportation and tourism business.

  Haiqi Group further stated that after the completion of this transaction, the listed company will hold 100% equity of Hailv Duty Free, and the net profit of the listed company attributable to the owner of the parent company will be improved, which is conducive to enhancing the profitability of the listed company and maximizing the interests of shareholders.

  To issue shares to raise matching funds.

  According to the report, Haiqi Group intends to issue shares and pay cash to Hainan Travel Investment Co., Ltd. in order to purchase its 100% equity in Hainan Travel Tax-free. At the same time, Haiqi Group intends to raise matching funds by issuing shares to no more than 35 qualified specific objects, and the total amount of matching funds raised shall not exceed 100% of the transaction price of assets purchased by the shares to be issued, and the number of shares issued shall not exceed 30% of the total share capital of listed companies before this issuance.

  Specifically, in this transaction, the transaction price of the underlying assets (that is, 100% equity of Hailv Duty Free) is 2,037.17 million yuan, of which 85% of the transaction consideration is paid by issuing shares, which is about 1,732 million yuan; Pay 15% of the transaction consideration in cash, which is about 306 million yuan.

  In terms of issuing shares, Haiqi Group said that the types of shares issued by purchasing assets this time are domestic listed RMB A-share ordinary shares, with a par value of RMB 1.00 per share. The company confirmed through negotiation with the counterparty that the issue price of the assets purchased by this issue is 12.86 yuan/share, which is not lower than 80% of the average trading price of the company’s shares in the 20 trading days before the announcement date of the resolution of the 30th meeting of the fourth board of directors. The shares issued by Haiqi Group obtained by Hainan Travel Investment, the counterparty, in this transaction will not be transferred within 36 months from the date of the end of the above-mentioned share issuance.

  In terms of raising cash, Haiqi Group also plans to issue shares to no more than 35 qualified specific targets to raise matching funds. The total amount of matching funds to be raised in this transaction does not exceed 738 million yuan, and the number of shares issued does not exceed 30% of the total share capital of listed companies before this transaction, that is, it does not exceed 94.8 million shares. Of the matching funds raised, 306 million yuan is used to pay the cash consideration of this transaction, and the rest is used to supplement the working capital and pay the related taxes and fees of the intermediary agency. Among them, the proportion used to supplement the working capital will not exceed 25% of the transaction price.

  It is worth noting that according to this transaction plan, the counterparty Hainan Lvtou is the indirect controlling shareholder of Haiqi Group. According to the relevant provisions of laws, regulations and regulatory documents such as the reorganization management measures and listing rules, this transaction constitutes a connected transaction.

  Before this transaction, Hainan Travel Investment, the indirect controlling shareholder of Haiqi Group, controlled 42.50% of the shares of listed companies through Haiqi Holdings. The actual controller of Haiqi Group is Hainan Provincial State-owned Assets Supervision and Administration Commission, which controls 52.70% of the shares of listed companies through Haiqi Holdings, () and Haigang Group. After the transaction is completed (regardless of raising matching funds), the controlling shareholder of Haiqi Group is still Hainan Travel Investment, which directly and indirectly controls 59.68% of the shares of listed companies; Its actual controller is still the State-owned Assets Supervision and Administration Commission of Hainan Province, and it controls 66.83% of the shares of listed companies through Hainan Travel Investment, Haiqi Holdings, Hainan Expressway and Haigang Group. The actual controller of the company has not changed before and after the transaction. After the completion of this transaction, the control right of Haiqi Group will not change.

  The transaction price has dropped by nearly 60%

  It is worth investors’ attention that Haiqi Group has adjusted its trading plan several times before.

  According to public information, the transaction was initially priced at about 5 billion yuan, and then adjusted to 4.08 billion yuan in April 2023; In October 2023, Haiqi Group adjusted the performance commitment period and other details of the scheme, but the transaction price was not revised at that time; The scheme disclosed this time is also a revised version of the original scheme. The reason for the adjustment is that due to the overall impact of Hainan’s tax-free market on outlying islands, the performance of tax exemption for sea travel in November 2023 and December 2023 was lower than expected.

  According to the announcement of Haiqi Group, due to the changes in industry trends in November 2023 and December 2023, the performance of the target company fell short of expectations. In order to effectively safeguard the interests of listed companies and investors, the company held the 30th meeting of the fourth board of directors on March 5 through consultations among all parties to the transaction, and deliberated and passed the Proposal on Reviewing the Adjustment of the Trading Scheme to Form a Major Adjustment of the Restructuring Scheme, and made adjustments to the trading scheme. Among them, the transaction price of the underlying assets of this transaction was reduced to 2.037 billion yuan, and the adjustment range of the transaction price exceeded 20%, which constituted a major adjustment. At the same time, the issue price, issue quantity, consideration of shares and cash payment, performance commitment and compensation arrangements, and fundraising matching funds involved in this transaction were adjusted accordingly. This also means that in the third adjusted trading scheme, the adjusted total transaction price decreased by nearly 60% compared with the initial 5 billion yuan.

  According to the data disclosed by Haiqi Group, the revenue, gross profit and net profit of tax exemption for sea travel in 2023 were expected to be 5.008 billion yuan, 1.033 billion yuan and 198 million yuan respectively, but the actual tax exemption for sea travel was 3.940 billion yuan, 786 million yuan and 139 million yuan (book net profit) respectively, and the corresponding completion rates were only 78.67%, 76.06% and 70% respectively. In addition, in 2023, the tax-free exchange loss of sea travel was 37.38 million yuan. After excluding exchange gains and losses, the net profit completion rate was less than 90%.

  In view of the large decline in transaction pricing, Liu Zhigeng, a well-known financial and taxation audit expert, told reporters that when the expected future return of the acquired target declines, listed companies will generally lower the purchase price of the acquired target. Specific to this case, the main reason for lowering the transaction price may be due to the increasingly fierce market competition faced by Hainan tax exemption. However, lowering the transaction consideration in time is of positive significance to investors, especially to protect the interests of small and medium-sized investors.

  

() Apply for the patent of dual-phase steel and its manufacturing method, and obtain dual-phase steel with low cost and high mechanical properties by reasonably controlling the chemical composition of steel.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a project named "A dual-phase steel and its manufacturing method", with the publication number of CN117660831A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a dual-phase steel, which, in addition to containing more than 90% Fe and inevitable impurities, also contains the following components in percentage by mass: C: 0.09% ~ 0.11%, Si: 0.1% ~ 0.3%, Mn: 1.4% ~ 1.6%, Al: 0.01% ~ 0. By reasonably controlling the chemical composition of steel, the invention obtains dual-phase steel with low cost and high mechanical properties. The invention also discloses a manufacturing method of the dual-phase steel.

  Goodway applied for a patent for battery equalization, which significantly prolonged the equalization time and improved the equalization effect.

  According to the announcement of China National Intellectual Property Administration, Goodway Technology Co., Ltd. applied for a project named "A battery pack balancing method, device and computer equipment", with the publication number of CN117674323A, and the application date was August 2022.

  The patent abstract shows that the application is a battery pack balancing method, device and equipment, and specifically relates to the technical field of battery balancing. The method comprises the following steps: when a target battery pack is in a target charging state, acquiring the charging voltage of the target battery for each target battery in the target battery pack; According to the charging voltage of the target battery; Obtaining the capacity to be equalized of the target battery according to the open circuit voltage; According to the capacity to be equalized of each target battery, and performing equalization operation on the battery to be equalized. Based on the above scheme, as long as the battery pack is charged, the equalization can be judged, so that the equalization execution is no longer limited by the scene, the equalization time is significantly prolonged, and the equalization effect is improved.

  () Apply for a suspension system and automobile patent. This patented technology can make the suspension system simpler, more compact and easier to arrange the whole vehicle.

  According to the announcement of China National Intellectual Property Administration, Shanghai Automotive Group Co., Ltd. applied for a project named "A Suspension System and Automobile", with the publication number of CN117656726A, and the application date was August 2022.

  The patent abstract shows that the application provides a suspension system and an automobile. The suspension system comprises a subframe and a wheel bracket, and is characterized by also comprising a first swing arm, wherein the outer end of the first swing arm is connected with the subframe, and the inner end of the first swing arm is connected with the wheel bracket, and the first swing arm comprises a swing arm body made of composite materials; At least part of the swing arm body has an included angle with the horizontal direction. The swing arm body of the first swing arm is made of composite material, which has certain elasticity and can deform with the jumping of the suspension system to play the role of a spring; And at least part of the swing arm body of the first swing arm has an included angle with the horizontal direction, and the first swing arm is obliquely arranged relative to the horizontal plane, that is, obliquely arranged relative to the ground, so that the first swing arm is equivalent to a four-point control arm, can bear the force from all directions of the wheel and control the toe-in of the wheel, and the suspension system has a simpler and more compact structure and is easy to arrange the whole vehicle.

  Offshore Oil Engineering applied for the patent of easy-loading and unloading liquid hydrogen tank car, which improved the safety and flexibility of tank use.

  According to the announcement of China National Intellectual Property Administration, Offshore Oil Engineering Co., Ltd. applied for a project named "An Easy-to-assemble and unload liquid hydrogen tanker storage tank", with the publication number of CN117662988A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a liquid hydrogen tank truck storage tank which is easy to assemble and disassemble, and relates to the technical field of liquid hydrogen storage tank transportation. Comprises two longitudinal beams and a tank body, wherein two transverse beams are fixed between the two longitudinal beams, and the transverse beams are located at both sides of the two longitudinal beams; an outer vertical plate and an inner vertical plate are fixed at the top ends of the longitudinal beams; a chute is formed between the outer vertical plate and the inner vertical plate; two groups of symmetrically arranged legs are placed in the chute; and the legs, the outer vertical plate and the inner vertical plate are respectively provided with leg threaded holes, outer vertical plate threaded holes and inner vertical plate threaded holes which are communicated and have the same aperture. According to the invention, the storage tank can be fixed on the transport tanker, and after the transport is completed, the storage tank can be separated from the tanker, so that the application flexibility of the storage tank is increased; and the combined design of the pulley, the outer vertical plate and the inner vertical plate forms a chute, so that the storage tank can be detached from the tanker more easily and quickly, the operation complexity is reduced, and the safety and the use flexibility of the tank are improved.

  SAIC applied for the patent of charging method and device, which is beneficial to improve the operation efficiency of the power exchange station.

  According to the announcement of China National Intellectual Property Administration, Shanghai Automotive Group Co., Ltd. applied for a project named "A charging method and device", with the publication number of CN117656921A, and the application date was August 2022.

  The patent abstract shows that the application provides a charging method and device, which determines a target battery from a plurality of batteries according to the first electric quantity value of the battery at the first moment and the switching state of the battery group; The target battery has a first required power at a first time; When the power of the target charging module corresponding to the target battery is less than the first required power, at least one charging module to be switched is determined according to the charging states of a plurality of batteries and the first power value; The sum of the power of at least one charging module to be switched and the power of the target charging module is not less than the first required power; Control that charging module to be switch and the target charging module to charge the target battery; Controlling the charging module to be switched and the target charging module to stop charging the target battery when the second electric quantity value of the target battery at the second moment is not less than the first threshold. The rapid replenishment of the number of available batteries in the station can be realized to the greatest extent in the limited hardware resources of the charging module, which is conducive to improving the operating efficiency of the power exchange station.

  SAIC applied for patents on vehicle and safety parking control unit and control method to improve lane change safety.

  According to the announcement of China National Intellectual Property Administration, Shanghai Automotive Group Co., Ltd. applied for a project named "Vehicle and Safe Parking Control Unit and Control Method", with the publication number of CN117657118A, and the application date was August 2022.

  The patent abstract shows that the invention provides a vehicle, a safe parking control unit and a control method thereof. The control unit for safe parking includes a determination module configured to determine a target parking position of a vehicle on a multi-lane road; A creation module configured to create a braking parameter combination solution space of each lane of a plurality of lanes, which includes a plurality of candidate braking distances on each lane, and lane change speed and lane change acceleration corresponding to each candidate braking distance from the lane change to the next lane; The calculation module is configured to calculate a braking parameter distribution tree, which comprises a plurality of branches connecting the current position and the target parking position, each branch comprises a plurality of nodes, and each node corresponds to a lane change position on one of the plurality of lanes; An evaluation module configured to evaluate lane change safety of each of a plurality of branches; And an allocation module configured to allocate a braking distance and a lane-changing speed to each node of the branch which is assessed as having the highest lane-changing safety.

  SAIC applied for a patent for insulation monitoring system and method, which can monitor the insulation of battery systems with 800V and 400V coexisting.

  According to the announcement of China National Intellectual Property Administration, Shanghai Automotive Group Co., Ltd. applied for a project named "An Insulation Monitoring System and Method", with the publication number of CN117665497A, and the application date was August 2022.

  The patent abstract shows that the embodiment of the application discloses an insulation monitoring system and method. In the system, a first voltage dividing resistor and a first insulation switch are connected in series to form a first branch connected in parallel between the anode of an 800V battery pack and the ground; A second voltage dividing resistor and a second insulating switch are connected in series to form a second branch connected in parallel between the cathode of the 800V battery pack and the ground; A third voltage dividing resistor is connected in series with a third insulating switch to form a third branch connected in parallel between the positive electrode of HCC and the ground; The controller is used for controlling the turn-on and turn-off of the first insulating switch, the second insulating switch and the third insulating switch; According to the respective partial voltages of the first voltage dividing resistor, the second voltage dividing resistor and the third voltage dividing resistor, the insulation resistances of the positive electrode of the 800V battery pack, the negative electrode of the 800V battery pack and the positive electrode of HCC to the ground are determined; According to the insulation resistance of the anode of 800V battery pack, the cathode of 800V battery pack and the anode of HCC, the insulation resistance to the ground is monitored. The system can monitor the insulation of the battery system where 800V and 400V coexist.

  Baoshan iron & steel applied for a patent for the method of adjusting the atmosphere in the furnace nose of the hot-dip galvanizing unit to realize the balance between the pressure and heat in the furnace nose.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a project named "Method for Adjusting the Atmosphere in the Furnace Nose of Hot-dip Plating Unit", with the publication number of CN117660860A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a method for adjusting the atmosphere in the furnace nose of a hot-dip galvanizing unit, which is characterized in that the furnace nose is provided with an extraction filtering and discharging device, and also provided with an air supplementing device, a thermometer, a pressure gauge and an opening adjusting device, the temperature and pressure in the furnace nose are monitored by the thermometer and the pressure gauge, and based on the monitoring results, the pressure in the furnace nose is kept to be P≥1atm+50Pa by adjusting at least one of the extraction filtering and discharging device, the air supplementing device and the opening adjusting device. According to the invention, the effect that the airflow in the furnace nose does not flow back to the furnace hearth under the action of air extraction is realized, and the balance of the pressure and heat in the atmosphere in the furnace nose is realized at the same time, so that the product quality of the strip steel is finally improved.

  Baoshan iron & steel applied for a patent for continuous heating device and method of electric-gas composite slab, so as to achieve the purposes of high efficiency, energy saving, emission reduction and carbon reduction.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron & Steel Co., Ltd. applied for a continuous slab heating device and method with electric-gas combination, with the publication number of CN117660730A, and the application date was August 2022.

  According to the patent abstract, the invention discloses a continuous heating device and method of electric gas composite slab, which comprises a driving component, a walking beam, a fixed beam, an electric heating component and a burner; The walking beam is arranged on the driving assembly, and the driving assembly is used for driving the walking beam to translate and lift, and the walking beam drives the slab to move forward; The fixed beam and the walking beam are arranged in parallel for placing the slab; The electric heating component is arranged at the end position of the slab for electrically heating the slab; The burner is arranged above the slab and used for heating the slab by gas. According to the invention, gas heating and electric heating are combined to be used in the continuous heating and temperature rising process of large-scale slabs, so that a large amount of gas resources generated by a part of iron and steel processes can be consumed to improve the energy supply structure to improve the technical and economic performance, and the heating quality and rolling quality of slabs can be comprehensively improved, and the purposes of high efficiency, energy saving, emission reduction and carbon reduction can be achieved.

  Baoshan iron & steel applied for a patent for a graded induction quenching method and device for mandrels, which improved their service performance and prolonged their service life.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron & Steel Co., Ltd. applied for a graded induction quenching method and device for mandrel, with the publication number of CN117660731A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a hierarchical induction quenching method and device for mandrels. N-level induction heating current loops are sequentially arranged on the conveying roller table along the conveying direction of mandrels; The induction heating frequency f of the N-stage induction heating current loop is gradually increased along the conveying direction of the mandrel; The power p of the N-stage induction heating current loop is gradually reduced along the conveying direction of the mandrel; The heating temperature rise ΔT of the N-stage induction heating current loop decreases step by step along the conveying direction of the mandrel. According to the invention, all or part of the mandrel can be conveniently selected online for induction heating according to the diameter change, so that the optimal quenching depth target can be accurately achieved, the matching relationship between the surface wear resistance of the mandrel and the plastic toughness of the core can be optimized, the service performance of the mandrel can be improved, and the service life of the mandrel can be prolonged.

  Baoshan iron & steel applied for a patent for ladle drainage sand to ensure high temperature resistance.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a patent named "a kind of ladle drainage sand", with the publication number of CN117655313A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a ladle drainage sand, which adopts double-layer drainage sand, the upper layer adopts chromium sand to ensure the high-temperature resistance effect, and the lower layer adopts chromium-free drainage sand, which can reduce the influence of chromium drainage sand on the purity of molten steel in the tundish and reduce the Cr entering the molten steel in the tundish.

  Baoshan iron & steel applied for a patent for gear steel manufacturing, and the patented technology can improve the tool life by more than 30%.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a project named "A Gear Steel with Excellent Cutting Performance and Its Manufacturing Method", with the publication number of CN117660832A, and the application date was August 2022.

  The patent abstract shows that the invention relates to gear steel with excellent cutting performance and its manufacturing method. The gear steel contains the following chemical elements in percentage by mass: C: 0.16-0.24%, Si: 0.1-0.35%, Mn: 1.1-1.5% and S: 0.015, in addition to Fe and inevitable impurities. Mo:0.01~0.15%; Cu:0.01~0.2%; Acid soluble Al: 0.015 ~ 0.04%, N: 0.008 ~ 0.016%, Sn: 0.006 ~ 0.04%, Ca: 0.0015 ~ 0.0045%. Under the same cutting process parameters, the service life of the gear steel of the invention is improved by more than 30% compared with that of the gear steel of the prior art..

  Baoshan iron & steel applied for a patent for low-carbon ironmaking to realize safe and efficient heating of gas to a higher temperature.

  According to the announcement of China National Intellectual Property Administration, Baoshan Iron and Steel Co., Ltd. applied for a heating device of reduced gas for low-carbon ironmaking and its application method, with the publication number of CN117660709A, and the application date was August 2022.

  The patent abstract shows that the invention discloses a reducing gas heating device for low-carbon ironmaking and its use method, which comprises a reducing gas inlet main pipe, a low-temperature radiation preheating section, a high-temperature heating section, a reducing gas inlet main pipe and a reducing furnace; The reducing gas inlet main pipe is sequentially communicated with the high-temperature heating section, the reducing gas inlet main pipe and the reducing furnace; The low-temperature radiation preheating section is used for preheating the reduced gas in the reduced gas inlet main pipe. The invention can effectively solve the problems in the prior art, realize the safe and efficient heating of coal gas to a higher temperature, and support the low-carbon smelting of the ironmaking process.

  () Apply for a method patent for material sterilization to solve the problem that the viscosity of the material changes greatly after heating, which leads to large fluctuation of sterilization temperature.

  According to the announcement of China National Intellectual Property Administration, Inner Mongolia Yili Industrial Group Co., Ltd. applied for a project named "A Method for Sterilizing Materials", with the publication number of CN117652560A, and the application date was August 2022.

  The patent abstract shows that the invention provides a method for sterilizing materials, which comprises preheating the materials after entering the steam immersion sterilizer, homogenizing the preheated materials, heating the homogenized materials, sterilizing the heated materials in an immersion sterilization chamber, and cooling after sterilization. Aiming at the materials with high fat, low protein and high viscosity, and the viscosity increases greatly after heating, the method in the invention mainly solves the problems that the sterilization temperature fluctuates greatly, the temperature drops and the expected sterilization temperature cannot be reached due to the large viscosity change of the materials after heating, and also solves the problems that the sterilization equipment is sheared after sterilization, and the viscosity of the materials decreases, and the equipment after production is not cleaned cleanly.

Introduction of Wuling new SUV models?

The latest masterpiece of Wuling Automobile-Xingchi SUV, with its unique design concept and attractive price positioning, is undoubtedly aimed at the young people’s car market. This SUV model, which is specially designed for young people, is designed to be their ideal choice:

Xingchi SUV continues the "wing aesthetics" style of Wuling silver standard, and the front face adopts an eye-catching matrix grille with polygonal headlights, which exudes a strong sporty atmosphere. The suspended roof, dense rims, eye-catching red brake calipers and diffusers, and the "S" logo on the air intake grille together create a distinctive personality and dynamics.

Stepping into the car of Xingchi, you will find that the interior design with black as the main color is matched with green contrast elements, creating a fashionable space without losing individuality. Exquisite chrome-plated decoration and the application of piano paint panel enhance the quality of the interior. In addition, the 10.25-inch central control panel is equipped with Ling OS Linxi car system, which is full of technology and meets the young people’s pursuit of intelligent driving.

Xingchi provides two power options: 1.5L manual /CVT and 1.5T CVT. For car buyers with sufficient budget, 1.5T CVT power is undoubtedly more popular, with a maximum power of 108kW and a peak torque of 250N·m, providing strong power performance.

Although Wuling Xingchi has attracted a lot of attention because of its appearance and price, in the increasingly fierce market competition, in order to stand out, Xingchi needs to further consider adding young people’s favorite configurations, such as ejection mode and exhaust sound, in order to achieve real differentiated competition.

五菱星驰

Wuling xingchi SUV is actively seizing the market of young people with its unique design, rich configuration and affordable price. However, in order to stand out from many competitors, Xingchi needs to continue to explore and innovate to meet the growing individual needs of young consumers.

Intelligent manufacturing remoulds traditional manufacturing industry "veteran recruits" witness the iterative upgrade of glass manufacturing

CCTV News:We walked into an automobile glass production enterprise in Fujian together, and met a veteran who has been in business for 30 years and a recruit who just switched jobs this year.In their eyes, what new changes have intelligent manufacturing brought to traditional manufacturing?

In the production workshop of the world’s largest automobile glass manufacturer, pieces of glass slide out one after another along the production line, and the left and right rows of robotic arms effortlessly grab the glass from the line and accurately stack it aside.

Zheng Mingsheng, who has worked in the glass manufacturing industry for more than 30 years, witnessed the process of less and less manual labor on the production line. Nowadays, this production line runs automatically 24 hours a day, with a daily output of 600 tons of original glass sheets. The huge workshop is empty and does not need a manual worker. Moreover, the intelligent manufacturing system can also complete quality inspection, cutting and other work by itself.

After the deployment of intelligent production equipment and platform, the production efficiency of the production line increased by 30% and the defective rate decreased by 30%. Now Zheng Mingsheng just needs to sit in the office, and he can have an overview of the overall production data through the industrial Internet platform. And next to Zheng Mingsheng’s office, there is a darkroom laboratory, where engineer Chen Zhixing is conducting a research and development test of automobile glass. They want to test a new function of glass.

In fact, Chen Zhixing is a recruit who has joined the glass industry for less than a year. It was the brand-new concept of glass antenna that made him decide to switch from electronic communication industry to glass manufacturing. While bringing new technology, it also makes more use of intelligent manufacturing tools such as experiments and simulation systems, which improves the design ability and efficiency of glass. It is estimated that by the end of this year, the new models of many well-known car companies will be equipped with this new glass product.

Analysis of the second generation escape chassis that impacts the driving experience

Analysis of the second generation escape chassis that impacts the driving experience

  Sina Auto News The second-generation Changan Yidong, which was listed at the end of March, must have left the deepest impression on everyone, which is the brand-new exterior design and the space practicality that has continued from the first-generation model. Yidong’s market vitality is very strong, and it has been firmly occupying an important market position in the independent A-class car camp for many years. In fact, there are not many independent models that can adhere to the complete life cycle and realize the replacement. For Changan, if the replacement of Yidong only stays in the face value and space, it seems a bit "strong outside and hollow inside". This time, we were lucky enough to come to Chang ‘an Automotive Engineering Research Institute to perform a major operation on the second generation Yidong to see what progress it has made compared with the first generation in terms of driving quality.

Analysis of the second generation escape chassis that impacts the driving experience

  Important chassis parts of two generations of Yidong vehicles were put on the scene. Zou Yi, a senior automobile engineer in Chang ‘an, emphatically introduced the differences in suspension structure between the two generations of mobile vehicles.

Comparison of rear suspension of two generations of vehicles

  Although they are all rear suspensions in the form of torsion beam, the second generation of escape rear suspension adopts U-O Forming closed torsion beam rear suspension from German suppliers, which is more difficult in process. The biggest feature of the new rear suspension is that it reduces the weight by 20% compared with the traditional V-shaped torsion beam on the basis of ensuring the structural strength. The reduction of unsprung weight has obvious benefits for vehicle handling performance.

Analysis of the second generation escape chassis that impacts the driving experience

  The improvement in technology is perceptible. Touching the inner side of the cross beam of the two-generation mobile rear suspension, you will find that the inner surface of the first-generation runaway has obvious burr feeling, while the inner side of the second-generation vehicle is obviously smoother, which feels like the effect after a steel plate is bent and butted end to end.

Analysis of the second generation escape chassis that impacts the driving experience

  Facing the domestic road conditions, the hidden danger of the rear suspension of many models is not the fracture of the cross beam, but the stress fatigue is easy to form between the transverse and longitudinal beams. The welding area between the second-generation escape rear suspension beam and the longitudinal beam has been increased, and the official introduction shows that its reliability has been improved by 380%.

Position layout of shock absorber

  There are also differences in the arrangement of rear suspension shock absorbers between the two generations. We see that the shock absorber of the first generation model is located in front of the shock absorber spring and has a short length; The shock absorber of the second generation model is located behind the spring and has a long length. The purpose of adopting this vertical arrangement is to improve the efficiency of isolating vibration. After all, a longer shock absorber can provide a larger compression stroke and more adjustment space, thus improving the comfort of the rear row. In fact, if you pay attention, you will find that many luxury brands C-class cars and D-class cars also use this "super-long" shock absorber and arrangement. At present, this layout method has been used in Focus, Lectra 01 and other models, and the next generation of GM models will be equipped. Independent brands have also been gradually adopted, and the second generation of Yidong is one of them.

Analysis of the second generation escape chassis that impacts the driving experience

  In order to improve the comfort, engineers have also optimized the bushing structure of the second-generation runaway suspension, and appropriately reduced the stiffness of the bushing, which can improve the filtering ability of the suspension to road vibration and help to isolate the road from fine bumps.

Analysis of the second generation escape chassis that impacts the driving experience
Analysis of the second generation escape chassis that impacts the driving experience

  Changan engineer also demonstrated the process of adjusting the shock absorber for us. Engineers will put the designed shock absorber prototype on the bench for testing, and the bench will compress/expand the shock absorber at different speeds of 0.05, 0.1, 0.3, 0.6 and 1.2m/s for four times to simulate the daily road conditions. In this process, the system will generate the damping data of the shock absorber to optimize the shock absorber repeatedly. We see that there are throttle plates with different sizes and shapes in the shock absorber, each with different specifications.

Analysis of the second generation escape chassis that impacts the driving experience

  For example, there are 28 different schemes of throttle plate in the above picture, and its working state and deformation can affect the flow of damping oil, and then affect the performance of shock absorber. Although the shock absorber does not directly reflect the "soft and hard" parts of a car suspension, these small differences can determine the final driving experience of a car. In fact, few domestic independent brands can independently develop, test and adjust shock absorbers like Changan, and most of them directly send the requirements to suppliers for them to do.

Analysis of the second generation escape chassis that impacts the driving experience

  After the chassis suspension is developed, the vehicle will be handed over to KC test bench to verify the suspension and steering motion characteristics. The cost of the test-bed is about 20 million yuan, which can quantitatively simulate the load and wheel state parameters of the suspension under various road conditions or body postures. It takes 2 days for each prototype to be put on the shelf, collect data, and then complete a set of tests, in which the collection time of complete KC data takes 4 hours. Of course, it is impossible for a car to go through KC test only once, and the comprehensive performance of the chassis system needs to be adjusted and verified repeatedly. This process is extremely cumbersome.

Analysis of the second generation escape chassis that impacts the driving experience

  For front-drive vehicles, vehicles tend to understeer during intense driving. It is impossible for a car to have no understeer at all, and engineers can only minimize this trend. In the second generation, the toe-in gradient of the wheel was optimized, and the relative positions of the internal and external mounting points of the steering gear were modified, which can slow down the trend of understeer to a certain extent, and then improve the handling stability of the vehicle in corners.

Analysis of the second generation escape chassis that impacts the driving experience

  Chang ‘an has his own thoughts on driving DNA. For example, in terms of steering transmission ratio, the second generation of escape has not only pursued the feeling of comfort. Compared with the first generation model, its steering line angular transmission ratio is reduced from 3 laps to 2.83 laps. Most cars and SUV models on the market need about 2.8~3 laps from left to right, and sports-oriented models will take about 2.5 laps. From the change of the transmission ratio of the second-generation freewheeling steering, we can also see that Chang ‘an is not satisfied with "good driving", but should work hard in the direction of "fun+good driving".

Analysis of the second generation escape chassis that impacts the driving experience

  For the adjustment of EPS electric power steering carried by the second generation Yidong, Changan uses a set of "robot" system that can quantitatively control the steering wheel angle and speed, and measure the steering wheel torque and body roll angle in real time. Engineers will set up different test forms, such as sine input, sweeping and catching up, to test the roll degree of the vehicle, the response speed of the steering wheel and the reliability of the steering motor respectively. It is worth mentioning that the second generation of escape has improved the power of EPS steering assist motor, so that the ease of use and reliability of the vehicle in extreme handling are more guaranteed.

Analysis of the second generation escape chassis that impacts the driving experience
Analysis of the second generation escape chassis that impacts the driving experience

  In addition to the steering transmission ratio just mentioned, the steering force feel is also an important item in EPS adjustment. Engineers showed us two different forces used in the test, namely, extremely light and heavy. During the test drive, you can really feel the different performances of the vehicle under two kinds of dynamics. In the extremely light mode, the steering feel of the vehicle is almost zero, and it begins to respond when it touches the vehicle lightly; In the heavier mode, the steering power is obviously reduced, and the arm will be tired when rubbing the car and turning around at low speed. The engineer said that the steering power directly affects the communication between a car and the driver, and it is not advisable for the steering wheel to be too light or too heavy. Therefore, EPS should be adjusted in combination with factors such as vehicle positioning and suspension calibration, so as to achieve stability and give people some driving pleasure.

Analysis of the second generation escape chassis that impacts the driving experience

  In April this year, the second generation Yidong achieved a braking performance of 35.6 meters in a public test, which is known to friends who know a little about cars-similar to many luxury brand sports-oriented models. This time, Changan engineers analyzed some reasons behind this achievement for us.

Analysis of the second generation escape chassis that impacts the driving experience

  In this pie chart, we can see that the braking performance of a car excludes environmental factors, and the factors related to the vehicle itself include axle load, calipers, body posture, tires, ABS and friction materials. The second generation of escape is mainly optimized for the thermal stability of the brake system and the formula of the brake shoe.

Analysis of the second generation escape chassis that impacts the driving experience

  Through CAE simulation analysis, the influence of different caliper fluid requirements on pedal stroke is simulated, and then the thermal stability of brake disc at different temperatures is simulated. Simulation analysis can greatly improve the efficiency of research and development, so that engineers can take as few detours as possible.

Analysis of the second generation escape chassis that impacts the driving experience

  Of course, only simulation analysis is not enough. Chang ‘an also has its own braking system laboratory. For example, this is where the brake pedal strength and master cylinder pressure are tested. Why are the brake pedals of some models "soft" at the initial stage, and it is necessary to step on the vehicle deeply before the braking force is obviously released? This is the key issue. Generally speaking, there is a certain gap between the pedal and the master cylinder pressure, that is, the empty position of the brake pedal, but excessive defecation in the empty position will delay the release of braking force and even cause safety hazards. Although the second-generation Yidong 35.6-meter 100-kilometer braking performance is not directly related to fine adjustment, we can also see from here that Changan’s control over the details of driving experience is quite in place.

Analysis of the second generation escape chassis that impacts the driving experience

  In terms of braking materials, the second generation Yidong has optimized the formula compared with the previous generation. The main improvement aspect is to control the thermal decay of the brake as much as possible when it is above 500℃, and reduce the sensitivity of the brake to pressure and temperature. In other words, in the future, car owners can use the brake pedal to control the speed more confidently when they are driving downhill on a mountain road for a long time, and the vehicle is not easy to "stop" because the temperature of the brake system is too high.

  In the past, independent brands were still making efforts in terms of large space and high configuration, striving to win the favor of consumers with low prices and high allocation. With the domestic auto market becoming more and more mature, the car buyers have a deeper understanding of cars, and improving the internal quality of vehicles has become a hard bone that manufacturers have to chew. Two generations of Yidong, the first generation of models gain a foothold with high cost performance, and the second generation of models will inevitably improve their driving quality. You really can’t just look at the configuration list when buying a car in the future. If you don’t get in the car and drive it, it’s hard for you to know its inner beauty.

Official price increase 15,900! Haval second generation big dog sale 13.58-17 5,800

On February 27, the second-generation big dog was officially listed, and the official price range was 135,800 yuan – 175,800 yuan, of which the fuel version price range was 135,800 yuan – 156,800 yuan, and the starting price was 15,900 yuan higher than that of Haval big dog; the price of the plug-in version 2 models was 162,800 yuan and 175,800 yuan respectively.

Haval’s second-generation big dog offers five car paint colors, the polygonal air intake grille is embedded with Haval’s new energy logo, and the far and near light sources on both sides are made of LED material; the front door of the body is equipped with soundproof glass, equipped with 19-inch wheels, and equipped with bright silver rivets decoration; the rear is equipped with a semi-circular light group, which echoes the headlights.

Haval’s second-generation big dog is equipped with a 12.3-inch full LCD instrument + 14.6-inch central control color screen. The whole system comes standard with 360 ° panoramic image, adaptive cruise, lane departure warning, W-HUD head-up display, transparent bottom and other configurations. The new car also supports front seat heating + ventilation, steering wheel heating, temperature-controlled armrest box and other functions.

Haval’s second-generation Big Dog fuel version 2.0T model is replaced with a 9DCT gearbox, and the maximum power is increased to 175kW; the plug-in version is equipped with a lemon hybrid 1.5T DHT-PHEV power combination, the system comprehensive power is 240kW, the comprehensive torque is 530N · m, the comprehensive fuel consumption is 1.85L/100km, the NEDC feed fuel consumption is 5.52L/100km, and the comprehensive battery life is 1000km +. The new car also supports 220V reverse discharge function, the discharge power is 3.3kW, and the discharge time can reach 30 + hours when fully charged.

2005 Domestic Car Consumer Satisfaction Survey Report


  "Car Shopping Guide" magazine is managed by the China Machinery Industry Federation. It serves prospective car owners, car owners, fans and industry insiders, disseminates car culture, cultivates the car market, and guides car consumption as its own responsibility. The text is 96 pages in full color, using international standards, large 16 folio, published one day a month, each priced at 6.6 yuan.
The magazine’s "Cover Story", "Test Report", "Car Purchase Documentary", "Personality Recommendation", "Car Purchase Instructions", "Car Price List", "Special Topics" and "Reader’s Mailbox" and other columns provide you with real-time information on the automotive market, explore the comprehensive performance of new cars on the market, analyze the competitive advantages of models of the same price and grade, analyze the selling points of automobiles, guide rational consumption, and adhere to the "shopping guide" as the direction to serve the majority of consumers. It is a car buying guide for prospective car owners, a car fan’s car review, and a complete list of business conditions for people in the automotive industry.

  Compared with 2004, the car market in the first half of 2005 seemed much flatter, with many new and to-be-listed models, but there was no large-scale price reduction of the models that consumers had hoped for. On the contrary, some car manufacturers raised prices by launching "2005 models", which increased the number of consumers waiting for prices to decline, and the year-on-year sales of cars fell a lot. Although the car market is not sluggish, the sales of various models vary greatly. For example, Elantra and Xiali have broken through the 10,000 mark for several consecutive months and won the first place in the same class respectively, while some models have been on the verge of discontinuing production for several months.

  For consumers, the number of models to choose from has increased. When buying a car, consumers have to ask relatives and friends one by one about the use of each model, as well as their satisfaction with the model. Buying a car has become cumbersome, and our "2005 Domestic Car Consumer Satisfaction Survey Report" will be recommended to you as a good car purchase reference. After the successful holding of the "2004 Domestic Car Consumer Satisfaction Survey", consumers have evaluated it as one of the best topics of the "Car Shopping Guide" year. In order to make the satisfaction survey more complete, we started the 2005 satisfaction survey in early February 2005. After more than three months of questionnaire collection, collation, and supplementary surveys, it was then handed over to a professional survey company to analyze the questionnaire and statistical results. Now, it has made a grand debut with the efforts of all parties.
  Consumer Satisfaction Index (CSI)
  Customer satisfaction is a level of consumer perception, and a deeper meaning refers to the degree to which the performance of the product (service) provided by the enterprise matches the current expectations of consumers.

  The Customer Satisfaction Index is a measure of consumer satisfaction, expressed as a percentage. For this survey, the Consumer Satisfaction Index is used to indicate the overall satisfaction of a car brand in terms of quality, performance, appearance, interior, after-sales services, and car maintenance costs.
  Improvements to the 2005 Consumer Satisfaction Survey
  1. In 2004, our questionnaires came from a variety of methods such as clipped questionnaires, face-to-face interviews, and online surveys. In 2005, more than 95% of our questionnaires came from clipped questionnaires, which was more direct and effective, increasing the efficiency of our questionnaires from 64% in 2004 to more than 92%.

  The number of models involved in the survey increased from 65 in 2004 to more than 100 in 2005, of which the number of models participating in the analysis increased from 34 to 45, an increase of 32%. With the continuous influx of new models and the expansion of the scope of the survey, the number of models that consumers can refer to has also increased significantly.

  3. The items of the questionnaire include 5 major items such as external quality, internal quality, performance, after-sales services and maintenance costs. The small items they contain add two items of audio and mechanical component reliability, bringing the sub-items to 18. Correspondingly, we have also fine-tuned the weight of each sub-item.

  4. Due to price cuts and market changes, the 2005 survey reclassified the price range.

  5. More manufacturers are participating and paying attention. Due to the greater influence of consumer satisfaction surveys, some manufacturers have taken the initiative to contact us and attach great importance to the survey results.
  The results of this investigation
  
New models such as Elantra, Fit, Audi A4, Corolla, and Peugeot 307 score relatively high, with their novel appearance, leading technology, and good performance. After-sales services can also keep up. Consumers have shown strong interest and high satisfaction with these new models, and their sales are also very optimistic.

  Overall, the score of German models has generally increased, which is related to the good manufacturing technology and after-sales services of German models; Shanghai GM’s models have shown a downward trend. In 2005, Shanghai GM improved its product range and launched Rongyu, Cadillac and New Sail models to attract consumers and increase satisfaction; the ranking of Korean models has risen rapidly; the ranking of Japanese models has risen and fallen, but the fuel-efficient characteristics of Japanese models make consumers generally satisfied.

  Due to the increase in the number of models, the gap between the top and bottom-ranked models has widened. Manufacturers need to strengthen the improvement of the bottom-ranked models, otherwise these models will fall behind or even be replaced in the increasingly fierce product competition in the future.

  Among the top 10 models, Japanese models account for 4, German models account for 5, and Korean models account for 1. Japanese models have not changed from 2004, while the number of German and Korean models has increased. Regrettably, there are still no national brands in the top 10. Our national brands should be comprehensively improved in terms of product quality, performance, and after-sales services in order to truly become a strong brand.

  This survey covers a wide range, involving 30 provinces, municipalities and autonomous regions across the country. In the same way as the previous survey, we will divide the content of the survey into 5 major aspects such as external quality, internal quality, performance, after-sales services and maintenance costs. These 5 major aspects include 18 sub-categories. In the chart below, we will list the scores of each model in 18 sub-categories (converted to √ and ×). At the same time, since there are many models involved in this survey, we focus on the top two or three models in each class.
  (Table 1) Model price range division

interval Model Premium car (more than 300,000 yuan) Audi A4 Audi A6  
High-end car (18~ 300,000 yuan) Mazda 6 Accord, Passat, Regal 
Mondeo, Bluebird
Intermediate car (8~ 180,000 yuan) Golf, Elantra   
Bora, Fit, Polo, Carnival, Corolla, Santana 3000  
Sunshine, Peugeot 307 Elysee, Excelle, Familia 
Sienna, Vios, Sonata, China, Jetta    
Ling Shuai, Hongqi, Sail SRV    
Santana      
Economy car (5~ 80,000 yuan) Wizz Goyle  
Antelope, Maxima, Palio, Racing, Sail, Beverly, Chery Fengyun
Mini car (under 50,000 yuan) SPARK FREER QQ  
Alto, Xiali, Pride
  180,000~ 300,000 Satisfaction Evaluation of High-end Car
  The winning model won the crown – Mazda 6 ranked first overall
  For the winning models in this consumer satisfaction survey, consumers, manufacturers, and all members of the editorial department are eagerly awaiting, who is the most satisfied model in the minds of consumers in 2005? After rigorous data analytics and sorting, the final Mazda6 won the crown with a high score of 80.73%, once again becoming the most satisfied model in the minds of consumers. This is also the second consecutive year that Mazda6 has won the crown, reflecting the high recognition of this model by consumers.

  A year has passed since the Mazda6 won the crown in the satisfaction survey in 2004. The Mazda6 has withstood the test of consumers, ranking first in terms of overall shape, luggage compartment space, power, handling, braking, safety and reliability, and also ranked very high (in the top 5) in terms of air conditioning performance, acoustics, sealing, interior quality, and mechanical component reliability, which makes the Mazda6 indisputably achieve the first overall score again. As a personalized model among mid-to-high-end sedans, the Mazda6 not only provides sufficient safety, but also greatly meets the requirements of consumers who pursue speed and handling. The success of the Mazda6 also lies in its outstanding performance not only in individual items, but also in its comprehensive performance including after-sales services, mechanical parts performance, etc. Consumers are satisfied. As a model produced simultaneously in the world, the Mazda6 has a high technical content, and the comprehensive factors make the Mazda6 "the most satisfactory model in the minds of consumers in 2005".

  In addition, in the further requirements put forward by consumers, consumers want to be able to increase DVD, reversing radar and car phones and other devices; lower the price of parts; strengthen the chassis sound insulation; increase the trend of independent air conditioning in the rear seats; increase the seat electric heating device for models sold to the north.

  Accord ranked second overall

  Although the mid- to high-end car market has shrunk significantly, the Accord has become an extreme, which is inseparable from the Accord’s high satisfaction. In the 2005 satisfaction survey, the Accord’s score rose to more than 80%, becoming one of the two major models with a score of more than 80% in this satisfaction survey.

  Accord scored highly in sub-items such as overall styling, interior space, interior quality and safety and reliability, while it ranked in the top two in sub-items such as air-conditioning performance, comfort, handling, reliability of mechanical components and after-sales services. These results make Accord achieve a good second overall score. Consumers said that Accord has fine workmanship, good quality of interior and paint finish; low fuel consumption in similar models; stable quality of mechanical components; handling, power and air-conditioning performance are all talked about by car owners; at the same time, Guangzhou Honda’s after-sales services have a good attitude and high overall level.

  Owners also put forward suggestions for improvement in the details of the Accord, such as the rearview mirror is prone to water accumulation; the luggage compartment space is not very reasonable; the sound effect is average; the high-speed wind noise is relatively large, and the sound insulation device should be added; the configuration (such as GPS satellite positioning system and reversing radar) should be added.


  Passat ranked third overall

  As a "veteran" model in mid-to-high-end cars, Passat has a lot of sales, and it has shown a significant growth trend in the past (it did not decline until 2004). Passat has a good reputation and brand influence in mid-to-high-end cars. Since March 2005, the cost-effective 2005 Passat has been listed, and the market price is similar to the old Passat, which is nearly 20,000 yuan cheaper than the manufacturer’s guide price. While Passat has changed models, it has also maintained a relatively stable price (so far in the past 10 months, the market price has been relatively stable), which is conducive to improving consumer confidence in this model. The survey of Passat scored a high score, and the overall ranking has also risen from the original 8th place to the current 3rd place.

  The Passat ranks highly in sub-categories such as overall styling, sealing, interior space, paint quality, comfort, luggage compartment space, noise and after-sales services. Consumers rate the Passat as a model with beautiful styling, mature technology, outstanding braking and handling performance. The Passat has a large interior space and has the highest safety performance in the same class. At the same time, the after-sales services network is developed and maintenance is convenient.

  Consumers have also proposed some improvements to the Passat, including: low configuration, sunroof, DVD, EBD and TCS, reversing radar should be standard; at the same time add electronic navigation system, electric adjustable seats and electric heating system; improve fuel economy; reduce the price of spare parts and maintenance costs. In addition, the seat is not comfortable enough for long-distance travel, and the sound level is low. These aspects should also be improved.

  (Table 2) Satisfaction evaluation of 180,000~ 300,000 yuan medium and high-end cars
brand overall shape tightness paint quality Interior space Interior quality comfort Air conditioning performance Audio Luggage compartment space Power Handling braking safety and reliability noise Fuel Economy Mechanical component reliability After-sales services Maintenance cost Overall CSI (%) Mazda 6 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × × 80.73 Accord √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ 80.38 Passat √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × 78.34 Regal √ √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ √ √ √ × × √ √ √ √ × × 73.53 Mondeo √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × × × × 72.66 Bluebird × × √ √ √ √ √ √ √ √ √ √ √ × × 71.75 √ √ √: Very good √ √: Above average √: Average
×: Below average × ×: relatively poor
AttentionAfter obtaining the scores of each model on each sub-item, we performed scientific and statistical calculations to convert these scores into √ and ×, which evaluate consumer satisfaction with each sub-item in terms of the degree to which each model deviates from the average. 3 √ A models do not mean how much better performance or more space or less maintenance costs than 2 √ B models, but represent that the owner’s satisfaction with A is one √ higher than that of B. Don’t look at these models from the perspective of the same person. Different car owners have different expectations and requirements, so their satisfaction will be very different.
  Satisfaction Evaluation of 80,000~ 180,000 Middle Class Car
  Golf ranked fourth overall

  Compared with the satisfaction survey in 2004, the overall ranking of the Golf has risen a lot, and in the middle-class car class (80,000~ 180,000 yuan), the Golf won the first place. As a classic model of Volkswagen, the Golf has created a sales myth in the history of automobiles and is loved by the world. However, after the Golf was made in China, the sales volume at the beginning of its listing (listed in July 2003) was not ideal, which was mainly related to the price, shape and increasingly competitive market. After a series of adjustments by FAW-Volkswagen to the Golf, the sales of the Golf began to rise gradually. At the same time, the practical performance of the Golf was also recognized by consumers, and the used owners said that these were the basis for the improvement of the satisfaction of the Golf. It is believed that higher satisfaction will further promote the increase in golf sales, and golf can continue to write its sales myth in China.

  The Golf scores highly in sub-categories such as paint quality, power, braking, noise and reliability of mechanical components. At the same time, the Golf does not have the weakness of low scores. Volkswagen’s rigorous manufacturing process satisfies consumers. Consumers rate the Golf’s air conditioning effect as good; the interior is of good quality and meticulous workmanship; good handling performance makes consumers feel comfortable driving; at the same time, the Golf’s safety performance is also first-class.

  Owners’ suggestions for improvements to the Golf include: ESP devices should be added; the sound effect is average; maintenance costs and the price of some spare parts are high; and the sound insulation of the engine compartment is not good.

  Elantra ranked fifth overall

  Following Elantra’s excellent sales performance in 2004, Elantra made persistent efforts in 2005 to occupy the top of the mid-range car sales list for several consecutive months, with sales reaching a record-breaking 20,000 or more in individual months, which is inseparable from Elantra’s high satisfaction. In the 2005 satisfaction survey, Elantra ranked among the top mid-range cars and ranked 5th overall, achieving impressive results.

  Elantra scored highly in terms of comfort, handling, noise, and after-sales services, and also ranked in the top 10 in terms of interior space, interior quality, sound, and braking, which made Elantra’s overall score high, and Elantra’s comprehensive performance was highly recognized by consumers. Consumers rated Elantra as a "best cost-effective" mid-range car with excellent power, handling, braking, comfort, and safety performance, and after-sales services.

  At the same time, consumers have also put forward improvement requirements for Elantra, including slightly higher internal noise in the car; greater roll in turns; outdated interior style; soft vibration damping system; high cost of accessories and maintenance; uneven cooling in the car; and a slightly lower chassis.

  Bora ranked sixth overall

  After achieving a high score in the satisfaction survey in 2004, Bora achieved a high score in this survey and achieved a good result of sixth place in the total score, which is one of the two major models of FAW-Volkswagen in the top 10. FAW-Volkswagen’s excellent quality and perfect after-sales services have laid the foundation for its high satisfaction score, and its good performance has made it a unanimous praise from consumers.

  Bora scores highly in many sub-categories such as sealing, paint quality, power, handling, braking, safety and reliability, and noise. Owners rate Bora’s power performance as good; the driver’s control is flexible; the interior workmanship is fine; the braking effect is good; the mechanical components are reliable and not prone to failure; at the same time, Bora’s good safety performance also makes car owners feel very at ease when driving. In addition, Bora’s paint quality is good, and it still feels like a new car after long-term use; FAW-Volkswagen has many 4S shops, which are very convenient for maintenance.

  Consumers have also put forward higher requirements for Bora: less space in the rear row; higher prices for spare parts; insufficient brightness of the headlights, poor visibility when driving at night; and the quality of the wipers needs to be improved.

  Fit ranked seventh overall

  Since the Fit went on sale in October 2003, consumers have been booking enthusiastically. In 2004, the sales of the Fit were still hot, and it has been ranked at the top of the sales list of mid-range cars. The hatchback Fit has set off a climax for people to buy this car. There are many models of the Fit, 1.3
A variety of models, including the L and 1.5L, manual and automatic, hatchback and sedan, can meet the needs of different consumers. In this survey, the Fit scored highly in the sub-categories of interior space, interior quality, luggage compartment space, handling and noise. In addition, the Fit scored highly in fuel economy, ranking second among all models. Consumers are very satisfied with the interior space of the Fit as well as the luggage compartment space, and marvel at the low fuel consumption of the Fit.

  Consumer suggestions for improvement include: the power performance needs to be further improved; the comfort of the seat is not good; the sealing should be improved; the brakes are soft; the high-speed stability is poor; the A-pillar is wider, which affects the line of sight; the price of accessories and labor costs are higher; the waiting time for maintenance is long.

  (Table 3) Satisfaction evaluation of 80,000~ 180,000 yuan mid-class car

brand overall shape tightness paint quality Interior space Interior quality comfort Air conditioning performance Audio Luggage compartment space Power Handling braking safety and reliability noise Fuel Economy Mechanical component reliability After-sales services Maintenance cost Overall CSI (%) Golf √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ √ √ √ × × 78.14 Elantra √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ 77.19 Bora √ √ √ √ √ √ √ × × √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ √ √ × × 76.85 Fit √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × 76.78 POLO √ √ √ √ √ √ √ √ × √ √ √ √ √ √ √ √ × √ √ √ √ √ √ √ √ √ √ √ √ √ √ × × 76.47 Carnival × √ √ × √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × 75.74 Corolla × × × √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ √ √ √ 75.61 Santana 3000 × × × √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ √ √ √ 75.61 sunshine √ √ √ √ × √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ 75.42 Peugeot 307 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ × 74.74 Elysee √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ 74.65 Excelle √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ √ √ × √ √ × 74.10 FAMILAI × √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ √ √ × 74.10 Siena √ √ √ √ √ √ √ √ √ √ × √ √ √ √ √ √ 74.07 Vios √ √ √ √ × √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × × 73.71 Sonata √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ √ √ × × 73.34 China √ √ × √ √ √ √ √ √ √ × × √ √ 73.07 Jetta × × × × × × × √ √ √ √ √ √ √ × √ √ √ √ √ √ 71.67 Ling Shuai √ √ × × × × √ √ √ √ √ √ √ √ × √ √ × × × 71.33 Red Flag × × × √ √ √ √ √ √ √ √ √ √ × × × × √ √ × × × √ √ 70.91 Sail SRV √ √ × × × √ √ √ √ √ √ √ × × √ √ × × 70.70 Santana × ×
× × × × × × × × × ×
× √ √
√ √
67.70
  Satisfaction Evaluation of 50,000~ 80,000 Economy Car
  Wizz ranked ninth overall

  Weizi prototype car Yaris in Europe sales are very good, listed in Europe for half a year on the sales break 100,000, but Weizi in the domestic sales have not gone up, although Tianjin FAW Toyota has carried out many price cuts, but its sales are still unsatisfactory.

  The reason for the poor sales of Vizi is that consumers do not correctly recognize this model, and the appearance of Vizi and people’s consumer tastes are also inconsistent. At present, the lowest price of Vizi is only 70,000, which is more cost-effective in the same grade of models, and the technology of the 8A engine is also very mature. Importantly, consumers who use this car are generally satisfied with Vizi, and compared with the 2004 consumer satisfaction survey, Vizi’s overall ranking has risen to a certain extent, and it has entered the ranks of the top 10. Vizi also achieved first place in the reliability of mechanical components. In addition, it ranks high in many sub-categories such as fuel economy, maintenance cost, safety and reliability, braking, power and handling. At the same time, Vizi has no obvious weaknesses.

  The improvement areas proposed by consumers for Vizi include: the sunroof is best changed to electric adjustment; the seat comfort is not enough; it is best to install front fog lamps; there is room for improvement in the body assembly process; the overall sound insulation effect is not good; the service attitude and technical level of the 4S shop need to be improved; the paint quality is average; the door is blocked when closed; the rear seats are not spacious enough.

  Gower ranked 25th overall

  This is the first time that Gower has entered the scope of the consumer satisfaction survey. Among all models, Gower’s score is in the middle level, but among models in the same class, Gower’s score is at the top. This time, Gower ranks second among economy cars. As can be seen from the questionnaire sent back by readers, Gower’s satisfaction in the eyes of consumers is average. Gower has no obvious sub-categories at the top, and the usual sub-categories are in the middle level. Among them, the sub-categories such as air-conditioning performance, after-sales services, noise and reliability of mechanical components rank slightly higher. Consumers are satisfied with Gower’s relatively stable mechanical components, acceptable handling, sealing, and power performance, generous design, and harmonious paint quality and color matching.

  The improvement suggestions put forward by consumers include: the engine is not advanced enough, relatively backward, and the fuel consumption is high; the transmission and clutch also need to be improved; the workmanship of individual interior parts is rough; the safety is average (no ABS); and the assembly quality should be further improved.

  Antelope ranked 31st overall

  The Antelope sold well in 2004, breaking through the 50,000-car mark in one fell swoop. The Antelope’s score ranks high among the same class of models in this survey, and many sub-categories have achieved good results. Among them, fuel economy also won the first place in all models, maintenance costs also ranked high, and the sub-categories such as luggage compartment space, power and mechanical component reliability also ranked high. Consumers praised the Antelope for its low maintenance costs; easy maintenance; good braking performance; flexible handling; luggage compartment space is also large enough.

  The improvements proposed by consumers for the antelope include: poor sealing, the overall shape is "old"; the assembly quality needs to be improved; the engine noise is high, and the sealing should be improved; the door clearance is too large; the audio, especially the subwoofer, has low power; and the quality of the interior components needs to be improved.

  (Table 4) Satisfaction evaluation of 50,000~ 80,000 yuan economy car

brand overall shape tightness paint quality Interior space Interior quality comfort Air conditioning performance Audio Luggage compartment space Power Handling braking safety and reliability noise Fuel Economy Mechanical component reliability After-sales services Maintenance cost Overall CSI (%) Wizz √ √ √ √ × √ √ √ √ √ √ × × √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ 76.40 Goyle √ √ √ √ √ √ √ √ √ √ × √ √ √ √ 72.70 antelope × × √ √ × × × × × × √ √ √ √ × × √ √ √ × √ √ 71.05 Chollima × × 70.73 Pelio √ √ √ √ √ √ × × × √ √ × × × 69.69 horse racing × √ √ √ √ √ √ × √ √ √ × × × × × × × × × × × 69.36 Sail × √ √ × × √ √ √ √ √ × √ √ × × × √ √ × 69.02 Fukang × × × × × × × × × × √ √ 68.86 situation × × × × × × × √ √ √ × × × × × × × × × × × × 64.65
  Satisfaction evaluation of mini cars under 50,000 yuan
  SPARK ranked 17th overall

  SPARK has received unanimous praise from consumers in this survey. Although the overall ranking is only 17, it is far ahead in the sub-car class. Some time ago, we often heard about the SPARK price increase in the market, which reflects consumers’ recognition of this model.

  In this survey, SPARK did not have a very prominent sub-item. Relatively speaking, it scored relatively high in sub-items such as overall styling, paint quality, interior space, interior quality, comfort, air conditioning performance, noise, fuel economy, and mechanical component reliability. Consumers report that SPARK has low interior noise; good sealing; reasonable interior space design; good fuel economy, very fuel-efficient; and fashionable and avant-garde overall styling. What makes consumers satisfied is also the abundant power performance.

  Consumers also put forward some improvement suggestions for SPARK, such as the higher price of spare parts; the small number of after-sales service stores, which is inconvenient to maintain; poor sealing; the blind spot of the A-pillar is large; the maintenance cost is higher; the chassis is slightly lower.
  (Table 5) Satisfaction evaluation of mini cars under 50,000 yuan

serial number brand overall shape tightness paint quality Interior space Interior quality comfort Air conditioning performance Audio Luggage compartment space Power Handling braking safety and reliability noise Fuel Economy Mechanical component reliability After-sales services Maintenance cost Overall CSI (%) 1 SPARK √ √ √ √ √ √ √ √ √ √ √ √ √ × √ √ √ √ √ √ √ × × 74.30 2 Fryer × × × √ √ × × × × × × × × × × √ √ × √ √ 68.01 3 Chery QQ √ √ × × × × × × × × × × × × × × 67.57 4 Alto × × × × √ √ × × × × × × × × × × × × × × × × × × × √ √ √ √ √ √ 64.42 5 Xiali × × × × × × × × × × × × × × × × × × × × × × × × × × × √ √ √ √ √ √ 64.15 6 pride × × × × × × × × × × × × × × × × × × × × × × × × × × × × √ √ 61.61
  Satisfaction evaluation of premium cars above 300,000 yuan
  Audi A4 ranked 10th overall

  The Audi A4 was officially launched in May 2004. It has been more than a year now. The Audi A4 has achieved good results for the first time in the survey, entering the top 10 in the overall ranking. The Audi A4 scored highly in sub-categories such as sound, power, paint quality and sealing. In its overall evaluation, consumers said that the Audi A4’s appearance is dynamic and stylish, with good interior workmanship and outstanding safety performance. In addition, the luggage compartment space and air conditioning performance have also won unanimous praise from consumers.

  At the same time, consumers have also put forward higher requirements for the Audi A4, and consumers hope that manufacturers can improve the details: reduce the maintenance cost of the Audi A4; improve the level of after-sales services; reduce fuel consumption; increase the rear row space; some consumers propose that the blind spot of the rearview mirror should be reduced.

  Audi A6

  There are only two models in this class, Audi A6 and Audi A4. Since FAW-Volkswagen has launched a new domestic Audi A6L, and the old model will be discontinued, this article will not focus on the Audi A6, but will only briefly explain the situation of the Audi A6 in this investigation.

  The results of each sub-category of the Audi A6 are basically in the middle level, which also makes the overall score of the Audi A6 in this survey not high, but the performance of the Audi A6 in some sub-categories is commendable. Consumers report that the power performance, safety performance and sealing performance of the Audi A6 are good, and the overall shape, paint quality and comfort are also satisfactory to consumers. In addition, consumers praise the Audi A6 for its large interior space and good sound effect.

  (Table 6) Satisfaction evaluation of premium cars above 300,000 yuan

brand overall shape tightness paint quality Interior space Interior quality comfort Air conditioning performance Audio Luggage compartment space Power Handling braking safety and reliability noise Fuel Economy Mechanical component reliability After-sales services Maintenance cost Overall CSI (%) Audi A4 √ √ √ √ √ × √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ × 76.17 Audi A6 √ √ √ √ √ √ √ √ √ √ √ √ × × × 71.93
  summarize
  Our consumer satisfaction survey has received strong support from our readers, and we would like to express our heartfelt thanks for their attention and support. Consumers consider many factors when buying a car, and their emphasis on various factors is also different. Some people place more emphasis on fuel economy, some people place more emphasis on power and handling, some people place more emphasis on after-sales services, and some people place more emphasis on maintenance costs. The lower-ranked models in the overall score may score highly in a certain sub-category. For example, the lower-ranked Xiali and Alto score very high in maintenance costs, and the characteristics of low maintenance costs are very suitable for the majority of economy car consumers. Therefore, they are also happy to choose these models.

  As the number of new models continues to increase, consumers can choose from more models, and our satisfaction survey will include more and more new models, even MPVs and SUVs. At the same time, we also hope that more and more consumers and manufacturers will participate, making this survey the most authoritative and comprehensive reference for consumers when purchasing a car.
  (Table 7) Overall ranking of CSI index for 45 surveyed models

serial number brand Overall CSI (%) Recommendation, index serial number brand Overall CSI (%) Recommendation, index 1 Mazda 6 80.73 ● ● ● ● ● 24 China 73.07 ● ● ● 2 Accord 80.38 ● ● ● ● ● 25 Goyle 72.70 ● ● ● 3 Passat 78.34 ● ● ● ● 26 Mondeo 72.66 ● ● ● 4 Golf 78.14 ● ● ● ● 27 AudiA6

71.93 ● ● ● 5 Elantra 77.19 ● ● ● ● 28 Bluebird 71.75 ● ● ● 6 Bora 76.85 ● ● ● ● 29 Jetta 71.67 ● ● ● 7 Fit 76.78 ● ● ● ● 30 Ling Shuai 71.33 ● ● ● 8 POLO 76.47 ● ● ● ● 31 antelope 71.05 ● ● ● 9 Wizz 76.40 ● ● ● ● 32 Red Flag 70.91 ● ● ● 10 Audi 76.17 ● ● ● ● 33 Chollima 70.73 ● ● ● 11 Carnival 75.74 ● ● ● ● 34 Sail SRV 70.70 ● ● ● 12 Corolla 75.61 ● ● ● ● 35 Pelio 69.69 ● ● 13 Santana 3000 75.61 ● ● ● ● 36 horse racing 69.36 ● ● 14 sunshine 75.42 ● ● ● ● 37 Sail 69.02 ● ● 15 Peugeot 307 74.74 ● ● ● 38 Fukang 68.86 ● ● 16 Elysee 74.65 ● ● ● 39 Fryer 68.01 ● ● 17 SPARK 74.30 ● ● ● 40 Santana 67.70 ● ● 18 Buick Excelle 74.10 ● ● ● 41 Chery QQ 67.57 ● ● 19 FAMILAI 74.10 ● ● ● 42 situation 64.65 20 Siena 74.07 ● ● ● 43 Changan Alto 64.42 21 Vios 73.71 ● ● ● 44 Xiali 64.15 22 Buick Regal 73.53 ● ● ● 45 pride 61.61 23 Sonata 73.34 ● ● ●        

  "Car Shopping Guide" – a real car consumer magazine for you to read


Competent department: China Machinery Industry Federation
Postal code: 2-854
Publication Date: Monthly, published on the 1st of each month
Price: 6.6 yuan/period
Annual pricing: 79.2 yuan
Address: Mailbox 16, No. 1, North Beach, Deshengmen, Beijing
Zip code: 100083

Website: http://www.carguide.com.cn
Issuance Department Tel: (010) 64883610, 64877547
Editorial Department Tel: (010) 64882175, 64882225
64883170, 64883014
64882177, 64882122
E-mail: carguide@vip.sohu.net
carguide@vip.sina.com

Chinese standard serial publication number:
ISSN 1671-900X
CN 11-4837/TH

Zhou Xun, as the boss, wants to learn from Fan Bingbing, pretend to be an ogre and draw tattoos on the corners of his eyes

Zhou Xun played cold as an ogre, and drew "dragonflies" at the corners of his eyes to cover his scars

        In the film "Nail Clippers," produced by Peng Haoxiang and directed by Zeng Guoxiang and Yin Zhiwen, Li Kaiyi, played by Zhou Xun, has only one hobby: eating nail clippers, and the scene filmed that day is a small shop that she and her boyfriend jointly open to sell nail clippers. Director Zeng Guoxiang revealed that Zhou Xun gives people a cool and a little cold feeling in the film, which is very mysterious. Although Peng Haoxiang’s original book was a suspense novel, it was adapted into a movie and added a lot of love scenes.

        The dragonfly pattern at the corner of Zhou Xun’s eyes can be seen in the stills previously exposed in this film, and she also appeared in this shape when visiting the class. "Because I have a scar here, which was injured when I fell when I was a child, I always wanted to cover it up, and then I just covered it when I shot this scene. After painting it, I think it looks like a dragonfly." Zhou Xun also said that the pattern has a funny meaning, which is all designed by the content of the film.

Lin Qingxia talks to her teacher about a dream of Red Mansions, less like Daiyu and now like Baochai (Photo)



    China News Service, November 6, Lin Qingxia, a big star, has a "unique idol" in her heart, which is Taiwan’s cultural celebrity Jiang Xun. She once flew to Taiwan once a week just to attend Jiang Xun’s aesthetics class and listen to him talk about the dream of the Red Chamber.


    According to Taiwan’s United Daily News, after the "Awakening of Beauty," Lin Qingxia was moved to tears in front of the statue, and she was also enthusiastic about writing calligraphy, painting, and trying to write. Art kindled her enthusiasm, and even vowed to become an artist at the age of 60.


    Born in Xi’an, Jiang Xun is known for his floral waterscape paintings, and is loved by students for his aesthetic teaching and thinking. In addition, he has published several collections of poetry, served as the chief editor of Taiwan’s early art publication "Lion", and is currently the president of "United Literature".


    Q: When did Jiang Xun become Lin Qingxia’s idol?


    Lin Qingxia (hereinafter referred to as Lin): A friend gave me a CD of Teacher Jiang talking about the Dream of Red Mansions. I really wanted to see him after listening to it. Later, when I found out that Teacher Jiang was starting classes here, I took advantage of visiting my father in Taiwan every week.


    Teacher is my only idol, can’t get too close, too close I will be afraid, haha.


    Jiang Xun (hereinafter referred to as Jiang): Yang Fan (Hong Kong film director) laughed at her: "You must have no idol in your life, you must find an idol."


    Lin: The teacher is still my half sleeping pill. Because listening to the teacher talk about the disc (CD) of the Dream of Red Mansions, my heart is very stable and it is easy to fall asleep.


    Jiang: I was also told by someone on the MRT (urban railway) that he had long insomnia and fell asleep as soon as he listened to my audiobook. My voice made him quiet. I am very happy.


    Q: What is the reason for opening the private lecture hall of Dream of Red Mansions?


    Jiang: At first, a group of good friends hoped to have different spiritual pursuits outside of a wealthy life, so at first they not only talked about the Dream of the Red Chamber, but also studied Chinese art history and Western art history; it was just a small class of ten or twenty students, and classes were held every Friday afternoon.


    When Qingxia first came to class, I was very nervous. She is a big star, and the staff who borrowed our venue came to line up two rows and waited to see Qingxia. I was still inevitably disturbed by the media’s shaping of her…


    Lin: His eyes didn’t even float to my side! I sat on the side, and he almost saw me, and his eyes moved away again. I thought, well, this is very safe, the teacher doesn’t look at me, so I put on my reading glasses, but I didn’t expect to look up, Oh, the teacher saw me!


    Jiang: Haha, as soon as I saw Qingxia wearing presbyopia glasses, the big star suddenly became a real person – she would be presbyopia too! After that, I felt so relaxed, as if the spell had been broken. Therefore, it is a great practice to know the essence of a person with a clear water. Qingxia is my very important homework.


    In those years, most of the classes were taught by wealthy people, and Dream of the Red Chamber was also about the things of wealthy families, and also about the pain of deep love. It has been more than a year since the class ended, and everyone has changed a little, and some people have left. They called me teacher, but I have learned a lot from them, because I believe that it is not easy to pass the level of wealth and deep love.


    Q: Lin Qingxia once played Jia Baoyu. What is her experience when reading Dream of Red Mansions?


    Lin: Everyone guessed that I played Lin Daiyu, Zhang Aijia played Jia Baoyu, and then we switched. Director Li ("A Dream of Red Mansions" director Li Hanxiang) said, I have a feeling that the jade tree is in the wind, and I also think I can play it.


    The roles I have played, I love the male actor: Jia Baoyu and Dongfang Undefeated.


    Jiang: I think Li Hanxiang is amazing. Qingxia has a kind of heroism between her eyebrows and eyes, and he can see it. I just came back from Paris to see this movie, and I remember it very clearly. She was so thrilling when she was beaten by Jia Zheng!


    Lin: My little daughter didn’t dare to watch that scene and hugged me blushing. I told her that I actually put on a towel and wasn’t afraid, not afraid.


    In real life, some people guess that I am Xue Baochai. I hope to be able to be Wang Xifeng, so good at housekeeping, but not so poisonous. In fact, there was a nasty part of Lin Daiyu’s personality in the past, crying, sensitive, and worried, and others thought I was awkward.


    Jiang: Looking at Qingxia’s "Outside the Window", I know she must be very awkward. Her face is covered with a layer of fog, and joy and sadness are mixed on her face.


    Lin: I was too simple at that time. I had just graduated from high school and was only seventeen years old. But when the teacher met me, I had already become Xue Baochai. After getting married, I changed roles naturally.


    Jiang: We all have Lin Daiyu and Xue Baochai in our characters, and we will always be in conflict between the two personalities. Lin Daiyu died with uncompromising persistence, and Xue Baochai knew how to be harmonious and compromise with the world to survive. We need to have self-persistence inside, and be able to get along with people easily outside. It is a great wisdom to be able to balance the two.


    Lin: Well said, that’s what happened! When I was a teenager, I loved to talk about my worries, and I didn’t know what I was worried about, and I was very unhappy. Before the age of 30, my pain accounted for 80%. Once I looked in the mirror and asked myself who I was? What did I look like? Director Tan Jiaming said to me: "If you can ignore people’s opinions, you will succeed."


 




    Girls’ feelings are like Daiyu, marrying into Xing Mansion is like Baochai


    "The tide is coming and going, and the white clouds are still in the corner of the green mountain." Jiang Xun wrote a poem, framed it as a hanging shaft and sent it to Lin Qingxia. Very calm characters, he said that he wrote it after forty-five minutes of meditation, and gave her this quiet, so that she can visualize it when she meditates. "It’s so beautiful! It’s like Master Hongyi’s characters, um, better than Hongyi!" Lin Qingxia couldn’t stop admiring, but also because of her intimate consideration.


    For this teacher-student conversation that originated from the Dream of the Red Chamber, Lin Qingxia flew from Hong Kong and returned to the place where she used to talk about the Dream of the Red Chamber in class with Teacher Jiang, but some of her classmates were no longer there. In the old place, the teacher was still Jiang Xun, and Lin Qingxia was the only student.


    A stranger on the MRT once said to Jiang Xun: "You donated a bell in the temple in your previous life, so you will have a good voice in this life." Lin Qingxia said Jiang Xun was her "half sleeping pill", and his voice brought calming power.


    Jiang Xun claims to be an "aesthetic evangelist". He talks about beauty, which is so moving that it almost has the power of religious infection. The "Dream of Red Mansions Private School" opened for rich friends is like a metaphor for real life; when he tells a book, he also looks into the hearts of the listeners; Lin Qingxia’s eyes looking up to Jiang teacher are not limited to red school, but seek guidance for walking life.


    Everyone can see themselves in "A Dream of Red Mansions," Mr. Jiang said, even the villains Xue Pan or Jia Rui. Lin Qingxia, who was praised by the director Tsui Hark as "a beauty who only came out in 50 years," sees a certain part of Lin Daiyu’s sensitive and awkward young personality. But friends who know "Mrs. Xing" in Hong Kong guess that she is like Xue Baochai who knows the world.


    But she admires Wang Xifeng, the capable housekeeper; and Cecilia, the wife of the former French president who has just been freed from the shackles of the "first lady", also makes her admire: "How can she be so dashing?"


    Through the halo of a big star, Jiang Xun saw her emotions and vulnerability as a human being, as well as her joy as a mother, with his broad experience in life, "I love watching you talk to your daughter on the phone, your whole face is lit up." Jiang Xun’s understanding and guidance also gave Lin Qingxia the space to be comfortable in the world where she was not allowed to be fat or ugly.


    Lin Qingxia, who decided to be happy after the age of 30, wants to laugh more by herself, "If you laugh more, you’ll get used to it." Now it’s easy: being photographed frowning, the Hong Kong media guessed that she was depressed; her clothes were loose, and the gossip said how she became fat? Lin Qingxia said magnanimously: "I don’t care what they write, as long as the photos are beautiful!" Drinking the handmade rice wine that Lin Qingxia specially brought for him, Jiang Xun’s face was slightly red and he nodded at Qingxia.


    Knowing each other in the world is also a heartfelt beauty. Outside the window, neon lights light up one by one, and Lin Qingxia walks out of the "Dream of Red Mansions" with tears in her smile, rushing to catch a flight back to her "Xing Guofu" overnight.


 

Editor in charge: Liu Li

U.S. stocks close: Fiscal cliff talks failed, Dow index closed down 0.56% on Thursday

  The Dow Jones Industries Average fell 74.73 points, or 0.56 per cent, to 13,170.72 as of 4:00pm ET; the Nasdaq Composite fell 21.65 points, or 0.72 per cent, to 2992.16; and the S & P 500 Index fell 9.03 points, or 0.63 per cent, to 149.45. The US stock index retreated after talks over the fiscal cliff failed.

   Related reading:

  Eurozone finance ministers agreed at a meeting in Brussels on Thursday to approve the release of a long-delayed 49.10 billion euro bailout for Greece. Earlier this week, Greece announced the purchase of 31.90 billion euro bonds. The euro group said the bond buybacks and other measures would reduce Greece’s debt to 124% of GDP by 2020, adding that Greece and other euro zone countries were ready to do more if necessary to ensure the deficit target was met.

  Eurozone agrees on common banking supervision. After nearly 14 hours of discussion, the European Union finance ministers meeting reached an agreement on European Union banking supervision in the early morning of the 13th. The European Central Bank will therefore have new powers to play an important role in banking supervision. The statement released by the meeting said that the European Central Bank will become the core of the supervision mechanism and be responsible for the overall operation of the supervision mechanism. The conditions for inclusion in the supervision of the European Central Bank are that the assets under supervision exceed 30 billion euros, or have considerable impact on the domestic economy.

  Today’s hot stocks:

  Google has officially released iOS version of Google Maps. At noon on December 13, Beijing time, Google has just released iOS version of its Google Maps app, which supports iPhone, iPad and iPod touch. iOS version of Google Maps adds Street View mode and turn-by-turn navigation. The software is currently available in the App Store in China and the United States. Google Maps had been pre-installed in Apple iPhone and iPad. But when Apple upgraded iOS 6 in September this year, Apple replaced Google Maps with its own map service.

  Sprint is offering $2.10 billion for Clearwire. Sprint Nextel is offering to pay Clearwire $2.90 per share for its remaining 48.3% stake, according to SEC filings today. Sprint currently owns more than 50% of Clearwire. The deal values Clearwire at $4.23 billion.

  Walmart is in talks to acquire an 80% stake in Turkish retailer Migros Ticaret AS. According to reports, Walmart is currently in talks to acquire an 80% stake in Turkish retailer Migros Ticaret AS from London-based private equity firm BC Partners. Walmart’s acquisition deal values Migros at more than $4 billion, including debt.

  Dish is licensed to build a mobile network. According to reports, the US Federal Communications Commission (FCC) officially announced on Tuesday night that the US satellite TV operator Dish Network (hereinafter referred to as "Dish") will be able to use the spare spectrum resources to build a mobile network. It was previously reported that Dish is also in talks with companies outside the industry such as Google on wireless network cooperation, hoping to jointly build a mobile communication network to provide broadband services to tablets and smartphones.

  European Union approves e-book pricing agreement between Apple and publishers. The European Union Commission today announced that it has accepted Apple’s e-book pricing agreement with four publishers. Over the next two years, the four publishers will no longer constrain, restrict or prevent e-book retailers from setting, adjusting or reducing retail prices for e-books, or offering discounts and promotions.

  Barclays plans to cut 2,000 jobs in its investment banking division as part of a broader restructuring plan to join the global banking industry in cutting costs, according to WSJ, citing people familiar with the matter. Barclays is expected to announce the news early next year.