2024 年 1 月 – 上海花千坊,爱上海同城交友,上海后花园论坛

Real estate stands at the crossroads of bull market, and industry integration ＂capital is king＂

Special topic: picture channel

　　(Source: china securities journal Illustration/Wang Jianhua)

　　　　This is the best time. After 10 years of formation, the real estate industry in China has been climbing the peak of prosperity and prosperity. This is also an era full of variables. In a "rising" sound, the real estate industry has become one of the main targets of macro-control. Under the background of tight monetary policy, the turning point of "true and illusory" industry is "looming".

　　　　After the controversial year of 2007, the real estate industry will usher in a more variable year of 2008, and the long and short differences on this industry will become more and more obvious. However, standing at the crossroads of the bull market, some basic destiny can still be grasped.

　　　　Under the influence of wealth growth, demographic dividend and the continuous appreciation of RMB, the real estate boom is expected to be maintained in the next two to three years. At the same time, with the construction of housing security system and the gradual emergence of the effect of credit tightening policy, the contradiction between supply and demand in the real estate market is expected to be alleviated.

　　　　It can be predicted that in the future, the development model of over-reliance on land and financial resources will be unsustainable. Along the "Capital Roadmap", industry integration will be further developed, and various factor resources will be concentrated in enterprises with high operational efficiency.

　　Tightening credit curbs excessive demand.

　　　　If we say that the real estate regulation and control policies in 2005 and 2006 were based on "shrinking supply and restraining demand", then this year’s intensive new regulation and control policies regard "balancing supply and demand" as the first goal of the policy. Among them, the policy orientation of restraining excessive demand, especially investment demand, has been continued.

　　　　In 2007, the People’s Bank of China raised the deposit and loan interest rates six times, and the benchmark interest rate for one-year loans has been raised to 7.47%. In addition, the reserve ratio was raised to 14.5% 10 times, the highest level in more than 20 years. The rate hike and the frequency of reserve increase are rare in recent years.

　　　　In September, the central bank introduced a new policy for second homes to tighten mortgages. In December, the central bank issued a supplementary notice, and the second home loan was strictly defined on a household basis.

　　　　Hua Changjin, a researcher at GF Securities, believes that the new mortgage policy will curb the demand for improving living conditions in the current market, and the demand for investment speculation will also be curbed.

　　　　Experts in the industry explained that the buyers of the second suite are mainly middle-and high-income groups, and they mainly buy houses by investment and upgrading home ownership. At present, this part of demand undoubtedly accounts for a large proportion. When the credit conditions are loose, this demand will be gradually enlarged in the form of "margin trading".

　　　　However, at the current high price, the increase of down payment ratio and interest rate, as well as the corresponding monetary tightening policy, will increase the risk of investing in real estate, so the demand for this part of the house will gradually decline. In addition, the increasing interest burden has become another important cost factor for buyers, which has led them to delay the upgrading of home ownership.

　　　　The data shows that since the second half of this year, although real estate prices in first-tier cities have continued to rise, the transaction volume has shrunk dramatically. By the end of the year, the real estate market has fallen into a rare situation in recent years, and prices have begun to loosen. Market analysts pointed out that the local and structural decline in housing prices in the real estate market is a response to the squeeze on excessive investment and speculative demand.

　　　　Zhu Zhongyi, secretary-general of China Real Estate Association, said that the contradiction between the overall supply and demand of the real estate market still exists, so reducing investment demand will help ease the pressure of rising house prices.

　　Housing security points to effective supply.

　　　　Undeniably, China, which is in the process of urbanization, has to face the reality of rigid housing demand and land supply constraints. Therefore, the tight supply and demand is a real situation to a great extent.

　　　　The research shows that according to the per capita residential building area of 27 square meters at the end of 2006 and the compound growth rate of the national urban population of 3.28% from 2003 to 2006, there will be a demand gap of 510 million square meters of urban housing in China every year.

　　　　However, the rise in asset prices caused by abundant liquidity is undoubtedly the accumulation of "bubbles" on this "truth".

　　　　The housing problem concerns people’s livelihood. This year, China’s housing security construction has taken substantial steps. In August, the release of "Several Opinions of the State Council on Solving the Housing Difficulties of Urban Low-income Families" and the convening of the National Urban Housing Work Conference conveyed the strongest voice in the history of China’s high-level supervision of housing security.

　　　　Near the end of the year, the Ministry of Construction, together with several ministries and commissions, successively issued two important documents, namely, Measures for the Protection of Low-rent Housing and Measures for the Management of Economically Affordable Housing, in order to implement the State Council’s spirit of housing security.

　　　　The insiders believe that with the gradual construction of the housing security system, the housing problems of low-and middle-income people and wealthy people will no longer be intertwined, and a large part of the demand will no longer be met through the commercial housing market. At the same time, the clarification of housing demand at different levels is helpful to guide the structural adjustment of housing supply.

　　　　"The calculation of the gap between supply and demand in the real estate market in the future will no longer be based on the overall urban population base in the process of urbanization, which will effectively alleviate the shortage of supply and demand." An official from the Housing and Real Estate Department of the Ministry of Construction said.

　　　　As a "sandwich" middle-income group, their housing problem is also a real estate regulation need to be considered. Nie Meisheng, president of the Real Estate Chamber of Commerce of the All-China Federation of Industry and Commerce, believes that the "two-limited housing" being introduced in various places can solve the problem that some "sandwich floors" cannot afford housing.

　　　　In October this year, the Ministry of Land and Resources requested that "in the future, the total annual supply of low-rent housing, affordable housing and low-priced, small and medium-sized ordinary commodity housing construction land shall not be less than 70% of the total residential supply." Industry experts pointed out that with the change of land supply orientation, the housing of middle-income groups will inevitably be connected with "effective supply".

　　Market differentiation continues to write capital stories

　　　　Whether it is "enclosure" or "circling money", the real estate industry tells the story that "capital is king". Therefore, to balance supply and demand as the first point of all-round regulation, on the one hand, to build housing security based on the long-term, on the other hand, to tighten credit to curb demand to solve recent worries, which will undoubtedly accelerate the differentiation of the real estate industry. Under the guidance of capital, various factor resources will converge to enterprises with high operational efficiency.

　　　　A senior person in the industry pointed out that due to the loose credit environment in recent years, the "days" of real estate enterprises are better. Industry concentration did not rise with the boom. Statistics show that there are 50,000 to 60,000 real estate enterprises in China, and there are 30,000 to 40,000 when there are few, and the market share of the top five is less than 5%.

　　　　However, under the background of stricter regulation and tight monetary policy, not all real estate enterprises can obtain sufficient cash flow, and enterprises with tight capital chains will probably be eliminated in mergers and acquisitions, and the market pricing power will also be increasingly concentrated.

　　　　Wang Shi, chairman of Vanke Company, believes that it is a good thing that industry resources are concentrated in advantageous companies. On the one hand, it can reduce idle land, on the other hand, the rights and interests of buyers can be better protected.

　　　　Financial experts pointed out that a key indicator reflecting the operational efficiency is the capital turnover rate. For real estate enterprises, the capital turnover rate is directly proportional to the land development rate. In other words, if the industry factor resources are concentrated in enterprises with high operational efficiency, it will be conducive to the speed of land development and reduce the occurrence of "hoarding land" and "covering up the market".

　　　　The efficiency of capital operation is one side of the coin, and the ability of continuous financing is the other side. After the "faucet" of credit is gradually tightened, the capital market will become a more important "water source". Since the beginning of this year, many real estate enterprises have either issued additional shares or listed on the backdoor. WIND data shows that from January to November this year, real estate listed companies raised a total of 34.6276 billion yuan through additional issuance, an increase of 145.61% over the same period last year.

　　　　It can be predicted that the overall prosperity of the real estate industry will not be reversed if the capital market still maintains smooth channels for financing high-quality companies. If there is an unbalanced allocation of capital after the credit tightening, the right to speak in the real estate industry will also shift. This is not necessarily an improvement for the current real estate industry. (Reporter Lin? )

Editor: Yu Qingqing

Tianchuang Fashion： Accumulated repurchase of about 10.34 million shares.

After every AI news, Tianchuang Fashion (SH 603608, closing price: 5.37 yuan) announced on the evening of January 29 that as of January 29, 2024, Tianchuang Fashion Co., Ltd. had repurchased about 10.34 million shares through centralized bidding, and the repurchased shares accounted for about 2.46% of the company’s current total share capital (about 420 million shares). Compared with the last disclosure, it increased by 1.12%. The highest price purchased was 5.69 yuan/share, and the lowest price was 5.14 yuan/share. The total amount paid was about 56.74 million yuan.

The general manager of Tianchuang Fashion is Ni Jianming, male, aged 53, with a bachelor’s degree background.

As of press time, the market value of Tianchuang Fashion is 2.3 billion yuan.

Dao Da (daoda1997) "Stock Trend" Reminder:

1. No organization has conducted research on Tianchuang Fashion in the past 30 days.

Every headline (nbdtoutiao)-Faced with a maximum sentence of 45 years, the famous rich man pleaded guilty! He’s worth over 54 billion …

(Reporter Wang Xiaobo)

Disclaimer: The contents and data in this article are for reference only, and do not constitute investment advice. Please check before use. Operate accordingly at your own risk.

national business daily

Another foreign-funded institution has voiced its voice! China stock is the most valuable in the world.

China Fund News reporter Yao Bo

The rebound of Hong Kong stocks stopped. On January 26th, the Hang Seng Index closed down 1.6% and the Hang Seng Technology Index fell 3.75%. Among them, pharmaceutical and technology stocks led the decline, and Yaoming fell sharply due to the news, with the largest decline among the HSI constituent stocks; Lenovo Group also fell by nearly 10%, the largest drop among the constituents of the Hang Seng Technology Index.

Previously, the relatively stable southbound funds began to buy in large quantities, indicating that the confidence of mainland funds has gradually recovered. On January 26th, southbound funds bought a net amount of HK$ 5.323 billion, which was the day that they bought the most after this round of Hong Kong stock market crash on January 17th.

Some foreign-funded institutions have spoken out, saying that China stocks are the most valuable assets in the world, and even willing to leverage to buy high-quality China stocks.

Yao Ming system plummeted.

In the afternoon, Yaoming suddenly fell sharply, with WuXi PharmaTech falling by 32% at most, YaoMing Bio falling by 28% at most, and YaoMing United of the same line falling by 24% at most.

It is worth noting that Yaoming Bio triggered the market fluctuation adjustment mechanism at 2: 7 pm and 2: 14 pm, which is a measure aimed at alleviating excessive market fluctuation, and usually starts when the stock price fluctuates greatly in a short time. The launch of this mechanism led to a five-minute cooling-off period for stock trading, with a view to stabilizing market sentiment.

It is understood that the adjustment mechanism of the Hong Kong stock market aims to alleviate the extreme price fluctuations caused by automated trading. When the relevant stock price exceeds 10% (constituents of Hang Seng Composite Large-cap Index), 15% (constituents of Hang Seng Composite Medium-cap Index) or 20% (constituents of Hang Seng Composite Small-cap Index) of the last trading price five minutes ago, the market adjustment mechanism will be triggered and a five-minute cooling-off period will begin immediately.

At the close, WuXi PharmaTech fell by 16%, WuXi Bio by 18% and WuXi PharmaTech by 20%.

According to the latest information of the Hong Kong Stock Exchange, on January 19th, BlackRock reduced its holdings of 1,116,927 H shares of Wuxi PharmaTech at a price of HK$ 783,646 each, with a total amount of about HK$ 87,527,500. After the reduction, the latest shareholding number is about 26.7607 million shares, and the latest shareholding ratio is 6.91%.

The representative work of Gü len Management, CEIBS Healthcare, also reduced its holdings of WuXi PharmaTech A shares. In the third quarter of 2023, CEIBS Healthcare held 61.5 million shares of Wuxi PharmaTech, and in the fourth quarter of 2023, it held 58.59 million shares, a decrease of 2.9 million shares.

According to the latest information of the Hong Kong Stock Exchange, Chairman Li Ge increased his holding of 5,235,500 shares of Yaoming Bio on January 24th at a price of HK$ 287,123, with a total transaction amount of about HK$ 150 million. After this increase, Li Ge’s latest shareholding in Yaoming Bio is about 589 million shares, accounting for 13.84% of the company’s total share capital.

Foreign capital sees more China assets.

After the correction of Hong Kong stocks, favorable policies have been frequent, and foreign investors have been high-profile bullish on China stocks. A co-founder of Gavekal Group wrote that China stock market is now the most valuable market in the world.

Charles Geff, the co-founder of the company, pointed out in an article on January 24th that the value of China stock was undervalued relative to cash, China bonds, gold and other stock markets in the world, and now it is the most valuable investment in the world. Moreover, China is at the stage where the profit growth of enterprises begins to exceed the cost of capital, which means that profits will increase substantially, enterprises will resume investment and recruitment, and China enterprises will see a booming profit. He said that he even wants to use leverage to buy high-quality China stocks.

It is understood that Gavekal Research, headquartered in Hong Kong, provides asset allocation consulting services and manages some global funds.

In addition, some fund managers at VanEck pointed out that the China stock market is at an inflection point, which may now constitute a buying opportunity this year.

Editor: Captain

Audit: Muyu

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Learn about the first gold cross-country skiing in the Winter Olympics. Do you know the six skiing events clearly？

Skiing is one of the most traditional sports in the Winter Olympics, but there must be many southern friends who "only listen to its name, but don’t see it."

Surprisingly, the origin of skiing is actually in China. For a long time, the origin of SKIing was thought to come from Scandinavia. The English word ski originated from the word SKITH in ancient Norway, and the stone carvings found in Scandinavia show that the locals began to use skis 4,000 years ago in the Stone Age.

Then the exciting time came.

In 2005, a farmer from Xinjiang discovered a cave about skiing rock paintings in Dundebrak, Altay region, Xinjiang-archaeologists speculated that it was the late Paleolithic period of 10000-30000 BC, earlier than the remains in northern Europe.

After continuous discussion and research by multidisciplinary expert teams from Altay and China and foreign experts from the United Nations, and after four major discussion meetings, Altay Declaration and Altay Declaration 2015 were released in 2006 and 2015 respectively.

The Altay Declaration declared that "human skiing originated in Altay, China, Xinjiang", and the release of the Altay Declaration in 2015 marked the international recognition that Altay, Xinjiang was the earliest origin of human skiing.

On August 25th, 2018, Altay also officially became China Xuedu.

There are six kinds of skiing events in this Winter Olympic Games: alpine skiing, cross-country skiing, platform skiing, freestyle skiing, nordic combined skiing and snowboarding. What are the differences?

alpine skiing

Alpine Skiing is a snow racing sport with skis, snowshoes, fixers and ski pole as the main equipment, which slides down from mountain to mountain and along the track set by Qimen.

Alpine skiing will also be a high-frequency word appearing at the opening ceremony of the Winter Olympics.

According to official website information of the Winter Olympics, among all the 91 registered delegations participating in the Winter Olympics, 83 delegations have athletes participating in alpine skiing events, accounting for more than 90%. Among them, there are 66 delegations with 1-3 participants in alpine skiing, which explains why alpine skiing is so "popular" among delegations with fewer participants.

cross-country skiing

Cross-country Skiing is a sport that glides in the mountains and snowfields by means of skiing equipment and using basic techniques such as mountaineering, downhill, turning and sliding.

Cross-country skiing originated in northern Europe, also known as Nordic skiing, and is one of the oldest sports in the world sports history. It was first included in the Winter Olympic Games in 1924.

Cross-country skiing competition routes are divided into uphill, downhill and flat, each accounting for one-third of the whole journey. The highest point of the snow trail does not exceed 1800 meters.

The skis should be marked. According to the regulations, the skis worn by the athletes from the starting point to the finishing point must bear the marks drawn by the judges at the time of departure, because the bottom surface of the skis is coated with snow wax, which is very smooth and helps to slide. Marking is to prevent the athletes from changing skis halfway.

ski jumping

Ski jumping is a kind of snow sports event, which uses skis as a tool and obtains the speed ratio, jumping distance and action posture by its own weight on a specially designed platform.

freestyle skiing

Freestyle Skiing is a kind of snow sports event with skis and ski pole as tools, which is carried out in a special ski resort by completing a series of regulations and optional actions.

It is bred and developed on the basis of alpine skiing, and is composed of three independent events: aerial skills, snow skills and snow ballet.

Nordic combined

Nordic Combined is composed of cross-country skiing and platform skiing. It has been circulated in Norway and Sweden for a long time and has become a traditional Nordic event, also known as Nordic All-around.

snowboard

Snowboarding is a snow sports event that uses a snowboard as a tool to quickly turn and slide down a prescribed hillside route, or take off by landslide in a special "U"-shaped field to complete various difficult movements in the air.

Author: Li Chenyan

Editor: Wang Xing

Editor in charge: Lu Yifeng

Image source: Weibo screenshot

* The exclusive manuscript of Wenhui, please indicate the source.

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Successfully crowned! Linyi rugby team returned from winning the championship

At noon on April 11th, in the Shandong Rugby Championship held in Zaozhuang, the rugby team of Linyi Sports School won the championship and returned with great honor, which was warmly welcomed by teachers and students.

This year, there are 11 teams participating in the Shandong Rugby Championship, which is divided into three groups. The rugby team of the city sports school is in Group A with Rizhao, Weihai and Dongying. In the group stage, the city sports school football team won the first place in the group. In the semi-final, our city sports school football team beat Jining team 28:7 to advance to the final, and then beat Weifang team 29:19 to be crowned successfully.

The rugby team of the city sports school was first established in 2019. Because rugby is a new project of the school, at that time, the students of the team were scarce, the physical qualities of the players were uneven, and even the players eliminated by other rugby teams. Under such circumstances, the rugby team of the city sports school with 14 players in the men’s first group was established. From running with a football, to changing direction, bumping and jumping against the building, I embarked on this "barbaric gentleman’s sport" football.

According to the technical defects of each player and the technical position of the court, the coach makes a special training plan, strengthens the training intensity, keeps a close eye on each player and follows up the guidance in time, so that the players can make up for their technical disadvantages in high-intensity training, foster strengths and avoid weaknesses, and comprehensively improve the overall actual combat level of the team. After unremitting efforts, the men’s team A of the city sports school football team defeated the established teams with strong strength such as Jining and Yantai for nearly 10 years in the first expedition, and finally won the third place in the 2019 Shandong Rugby Championship. In 2020, we set up men’s football team B and women’s football team B. So far, the number of rugby players has increased from 14 at the beginning to 60 now. At that time, the rugby men’s team A and team B won the third and seventh place respectively in the provincial rugby championship. Through two years’ efforts, the city sports school football team has obtained 33 grade certificates, including 11 national second-class athletes and 22 national first-class athletes.

Lin Bao Rong Media Reporter Sun Yunhe Correspondent Mi Jie

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Hometown is also home! Construction workers of Universiade venues stay in Rong for the New Year’s feast to warm their stomachs and hearts.

Love Chengdu and welcome the Universiade! In August this year, the 31st Summer Universiade will be held in Chengdu. On the occasion of the Spring Festival, the Red Star News Universiade Channel will be specially launched."Happy New Year, New Fashion of Universiade"A series of reports tell the stories of Chengdu citizens, college athletes, Universiade venue builders and Universiade volunteers and other people from all walks of life preparing for the Universiade, convey the ardent expectations of people from all walks of life to "love Chengdu and welcome the Universiade", and present the influence of the Universiade on the healthy sports lifestyle of Chengdu citizens …

This year is over tonight, and it will be urged next year and tomorrow. On New Year’s Eve, the construction sites of the Universiade venues are still in full swing. In response to the government’s initiative, many Universiade venues, including Donganhu Sports Park and Fenghuangshan Sports Park, have a large number of workers sticking to the front line of construction and production, and struggling to write a "Universiade chapter" for a happy and beautiful life.

Under the premise of strictly implementing the requirements for the prevention and control of epidemic normalization, everyone got together for the New Year’s Eve while ensuring the construction progress. The hot reunion dinner symbolizes everyone’s expectation for the New Year. The workers showed their talents at the scene of the group year, handwritten Spring Festival couplets, song and dance performances and a series of activities, so that they stuck to the front line and spent a "reunion and happiness year" together!

Write couplets to congratulate the Spring Festival.

Make dumplings to welcome the new year.

More than 50 workers and project managers have been busy since the early morning of New Year’s Eve in the construction site of China Construction Third Bureau in Donganhu Sports Park in Longquanyi District, Chengdu. The reporter of Red Star News Universiade Channel saw at the scene that all the workers were sitting around the canteen, including jiaozi, to welcome the New Year, except the frontline workers who were writing couplets on the construction site. According to Luo Shuang, deputy secretary of the Party branch of Dongan Lake Sports Park, there are 500 workers staying at work during the Spring Festival, of whom more than 300 are workers from other provinces and cities. "We organize everyone to have a reunion dinner at noon on New Year’s Eve, which is to hope that everyone can have a reunion, celebration and peaceful Spring Festival in Chengdu."

Junjie Chen

Chen Junjie, from Hubei Province, is a project safety officer. He has been stationed in the construction site of Donganhu Sports Park for more than a year, and he stayed in Chengdu for the holidays this year. Facing the camera, Chen Junjie said that he had gained a lot in this year: "From the time I first came to the construction site, it was basically in the infrastructure stage. Now, through the efforts of all the workers, we have built such a beautiful venue, and we are very proud and full of sense of accomplishment."

On New Year’s Eve, Chen Junjie wrote couplets and blessings for everyone, and every stroke devoted his expectation and blessing to the New Year. "Influenced by my father, I like to write calligraphy since I was a child, and calligraphy can be said to be my greatest hobby," Chen Junjie said. "In Chengdu for the New Year, the project is very lively. Although everyone has no time to go back to accompany their families, we have long been a family. Being able to happily welcome the arrival of the Year of the Ox together can also feel happiness and joy. "

Pack jiaozi together.

During the Spring Festival of the project, Luo Shuang told reporters: "At noon on New Year’s Eve, all the workers left behind in the project will come to pack jiaozi and let them eat hot Universiade dumplings. I hope everyone can feel the warmth of home in Chengdu and at the site of Universiade construction." CCTV News also broadcast live the group year activities at noon on New Year’s Eve of the Three Pavilions Project of Donganhu Sports Park of China Construction Third Bureau. Everyone also sent their sincere wishes to relatives and friends far away from home through the lens.

A sumptuous meal+a wonderful party

Chengdu feels at ease during the holidays.

In 2020, Chengdu will promote the construction of "three cities and three capitals" with high standards, and the strong and orderly preparations for the Universiade show the determination and fighting spirit of the land of abundance to create a world famous sports city. As one of the core venues of this year’s Chengdu Universiade, the ice basketball stadium of Phoenix Mountain Sports Park will host basketball games, when citizens and friends can enjoy the elegance of college athletes from all over the world in this "NBA-level" venue at home. During the Spring Festival, more than 1,000 workers will stay in Phoenix Mountain Sports Park to continue to ensure the construction progress of the project.

The relevant person in charge distributed condolences to workers.

On New Year’s Eve, as a time of family reunion, a sumptuous meal and a wonderful party are the standard for everyone. Although the opportunity to spend the holidays with family members was given up because of the left-behind project, the workers on the Phoenix Mountain Sports Park project of China Construction Eighth Bureau stayed with each other on New Year’s Eve, enjoyed a sumptuous meal and greeted the arrival of the zero-o-clock bell while watching the Spring Festival Evening. According to the person in charge of Phoenix Mountain Sports Park Project of China Construction Eighth Bureau, Chengdu and China Construction Eighth Bureau are very concerned about the workers. "Many condolence activities were organized years ago, and I hope all the workers and friends can have a safe and comfortable Spring Festival in Chengdu."

According to the overall strategic plan of the Municipal Party Committee to build "three cities and three capitals", Phoenix Mountain Sports Park will be built into a world-class venue with the ability to undertake top international events and top domestic leagues, and meet the multi-functional needs of youth professional training, sports exchanges, commercial performances, large-scale variety shows, etc., and develop into a top international event center, sports professional training center, sports cultural exchange center and sports industry development center. It can be said that this new sports park bears the dream of building Chengdu into a famous sports city, which will enrich the spiritual and cultural life of Chengdu citizens. The person in charge of Fenghuangshan Sports Park Project of China Construction Eighth Bureau told the reporter: "All our workers will also work overtime during the Spring Festival. On the premise of ensuring strict implementation of epidemic prevention and control requirements, we will strive to ensure the construction period and strive to contribute the greatest strength to the Chengdu Universiade!"

A sumptuous New Year’s Eve dinner

Shi Dexiang is one of the builders of Phoenix Mountain Sports Park. On New Year’s Eve, she sat in front of the TV with other workers after a rich reunion dinner and watched the Spring Festival party in the New Year. "My favorite is Yun-peng Yue, and I usually listen to his cross talk to relax during the break. Although 2020 is busy in engineering, I am still full of expectations when I think of August 2021 when I can see the sun birds flying high in our Phoenix Mountain Sports Park! I hope I can come here again as an audience at that time. If I can see China athletes performing well here, it will be even better! "

Red Star Journalist He Pengnan Pei Han Photojournalist Zhang Zhi

Editor Li Jie

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700 sanitation workers were invited to hold a crowdfunding banquet in Yichang, Hubei Province.

　　On the evening of February 1st, a grand "Dumpling Banquet" was warmly held in Xiling District, Yichang City, Hubei Province, and 700 sanitation workers were hosted by local caring enterprises to welcome the arrival of the New Year. The event also raised 21,000 yuan by crowdfunding to buy one-year family accident insurance for 700 sanitation workers. Mei Jun, deputy head of Xiling District, Yichang City, proposed that caring for the environment should start from everyone, so that sanitation workers can bend their backs less and sweat less, respect their labor results and make the city better. The event was hosted by the Xiling District Committee and District Government of Yichang City, with the support of more than 20 caring enterprises. Photo by Hu Xinyue

The third issue of China’s ＂double innovation＂ financial index was released, and Chengdu ranked fifth in the country.

　　CCTV News:On June 11th, the third issue of "China ‘ Shuangchuang ’ The Financial Index (hereinafter referred to as IEFI) was officially released at the 2019 Chengdu Global Innovation and Entrepreneurship Fair.

　　Combining with the financial demand characteristics of innovation and entrepreneurship activities, IEFI selects 57 evaluation indicators from five dimensions: innovative financial institutions, innovative financial services, innovative financial performance, innovative financial policies and innovative financial ecology, and combines qualitative and quantitative evaluation to systematically evaluate the development of financial support for innovative undertakings in 31 financial center cities in China. The first issue of IEFI was released in 2017, and it will be released once a year thereafter.

　　Judging from the comprehensive strength evaluation, Beijing, Shenzhen and Shanghai continue to lead China’s "double innovation" financial development, but the growth momentum has slowed down.

　　Comparison of Comprehensive Scores of 31 Cities in the Third "Double Innovation" Financial Index

　　The comprehensive ranking results of the innovative financial development of 31 financial center cities in this period are shown in Figure 1. The top ten cities are Beijing, Shenzhen, Shanghai, Guangzhou, Chengdu, Hangzhou, Suzhou, Chongqing, Nanjing and Xi ‘an. Beijing, Shenzhen and Shanghai continue to stabilize the leading position of "double innovation" financial development. Both the strength and breadth of financial support for "double innovation" and their own "double innovation" foundation and strength are benchmarks for domestic urban development.

　　From the perspective of comprehensive strength growth, the top three cities with increased scores are Chengdu, Xi ‘an and Beijing. Among them, Chengdu ranked first in the growth of comprehensive scores in this period, and grew rapidly for two consecutive years, surpassing Hangzhou in one fell swoop and ranking fifth in the country. Xi ‘an was the champion of scoring growth in the previous period. In this period, as the runner-up of scoring growth, it achieved rapid rise and ranked among the top ten in China for the first time.

　　Judging from the overall growth momentum, after the rapid growth in 2017, the financial development momentum of "double innovation" in domestic cities slowed down in 2018, especially in leading cities such as Shanghai and Shenzhen. The reason is that, on the one hand, the IPO in the domestic stock market slowed down significantly in 2018, and the number of companies listed on the New Third Board dropped sharply, which led to the poor performance of indicators such as "double innovation" financial performance; On the other hand, due to the trade friction between China and the United States, economic deleveraging, and rectification of financial chaos, the activity of innovation and entrepreneurship has declined from the previous year.

　　The regional imbalance of "double innovation" financial institutions has intensified, and resources have accelerated the gathering of Xiang Jing, Shanghai, Shenzhen and Hangzhou.

　　The "double innovation" financial institutions mainly evaluate angels, VC, PE, banking institutions and local financial service institutions, which are closely integrated with the "double innovation" activities. The top ten sub-projects are Beijing, Shanghai, Shenzhen, Hangzhou, Tianjin, Guangzhou, Chengdu, Nanjing, Chongqing and Wuhan. Among them, the resources of private equity institutions and local financial services institutions in the top four cities in the sub-list account for nearly half of the total of 31 cities (as shown in Figure 2).

　　Indication of sub-item score distribution of "double innovation" financial institutions

　　Debt financing is still the main way of "double innovation" financial services.

　　"Shuangchuang" financial services are used to evaluate and reflect the financial industry’s support for the demand for financial services of "Shuangchuang" activities, including equity financing services, merger and acquisition services and debt financing services. The top ten in this sub-item are Beijing, Shanghai, Shenzhen, Suzhou, Hangzhou, Chengdu, Nanjing, Guangzhou, Tianjin and Chongqing. Among them, the two cities with the largest increase in this sub-item score are Suzhou and Chengdu, both of which rank among the top ten in one fell swoop; The city with the fastest rise in sub-categories is Hefei, which rose by 9 places and ranked 13th. The M&A services in Suzhou and Chengdu have greatly increased, and Hefei has made great progress in supporting the "double innovation" activities with small loans.

　　From the perspective of financing structure, only six cities, including Beijing, Shanghai, Shenzhen, Suzhou, Hangzhou and Chengdu, have contributed more than 50% to the "double innovation" financing services, while the other 25 cities mainly rely on debt financing services. More than half of the scores of these 25 cities are contributed by debt financing services, and the equity financing and M&A services that most cities can provide are minimal, far from meeting the financial needs of the development of local "double innovation" undertakings.

　　Sub-item Score Structure of Dual-innovation Financial Services in Cities of the 3rd IEFI

　　Regional equity trading market plays an important role in improving the financial performance of urban "double innovation"

　　The financial performance of "double innovation" is mainly through the evaluation of the direct results of financial support for "double innovation" activities in the region, including the listing of GEM, the listing of the New Third Board, the listing of regional equity markets and the results of double innovation. The top ten in this sub-item are Beijing, Shenzhen, Shanghai, Guangzhou, Hangzhou, Wuhan, Chengdu, Changsha, Ningbo and Xiamen. The biggest improvement in the sub-item ranking is Zhengzhou, which rose by 5 places and jumped to 13th place in the country. The number of listed companies in Zhengzhou regional equity market has increased significantly.

　　The "double innovation" financial policy continued to be optimized, and there were more cities that attacked.

　　The financial policy of "double innovation" is a newly introduced evaluation dimension in this issue. It reflects the government’s guidance and support for "double innovation" finance by evaluating the support policies for the development of financial institutions, the guidance and support policies for financial services and the promotion policies for the optimization of financial ecology. The top ten sub-items are Chengdu, Shenzhen, Beijing, Guangzhou, Dalian, Shanghai, Xiamen, Nanjing, Suzhou and Zhengzhou. Among them, Chengdu ranks first in policy support, and it is a model city in China that uses policies to guide financial support for the development of "double innovation". The greater the support of the "double innovation" financial policy, the more significant the support effect on the activity of innovation and entrepreneurship, as shown in Figure 4. Dalian, Xiamen and Zhengzhou in the top ten cities in the sub-list have not entered the top ten comprehensive rankings, indicating that it takes some time for the policy effect to appear, and it is also crucial for the policy to really fall.

　　The Relationship between Financial Policy Support of "Double Innovation" and Activity of Innovation and Entrepreneurship

　　The financial ecology of "double innovation" has generally improved, and the leading edge of the top three is no longer prominent.

　　The "double innovation" financial ecology mainly evaluates the effectiveness of the city in supporting the external environment of "double innovation" financial development, including the activity of innovation and entrepreneurship, the support of double innovation talents, and financial intermediary services. The top ten sub-projects are Beijing, Shenzhen, Shanghai, Guangzhou, Chengdu, Xi ‘an, Chongqing, Hangzhou, Suzhou and Zhengzhou. Beijing surpassed Shenzhen for the first time and won the top position in this ranking. Shenzhen and Shanghai continue to maintain the top three positions in this ranking, but their leading edge has obviously narrowed. Xi’ an and Chengdu are the most significant cities in the optimization and improvement of "double innovation" financial ecology, and their scores increased by more than 50% in this period. In addition, Chengdu, Guangzhou, Chongqing and Zhengzhou also have significant score growth, and they are the leaders in the creation of "double innovation" financial ecology.

　　For the first time, the top ten list of "double innovation" financial items was selected, and Jingshen Suirong entered all six lists.

　　In this issue, IEFI also made an in-depth excavation of the characteristics and highlights of the "double innovation" financial development in 31 cities, and selected a series of top ten cities in key areas with high social concern. Among them, Beijing, Shenzhen, Guangzhou and Chengdu included six top ten lists. The complete list of the top ten cities in six areas in this issue is as follows:

　　Top ten cities with equity investment strength:Beijing, Shanghai, Shenzhen, Hangzhou, Guangzhou, Suzhou, Ningbo, Tianjin, Chengdu and Nanjing. Among them, the number and scale of private equity institutions in Hangzhou ranked fourth in the country, reaching 1,598 in 2018, and the total fund management scale was 89.6 billion US dollars, second only to Beijing, Shanghai and Shenzhen.

　　Top ten cities with equity financing scale:Beijing, Shanghai, Shenzhen, Suzhou, Hangzhou, Chengdu, Guangzhou, Nanjing, Tianjin and Wuxi. In 2018, the total scale of equity financing in Chengdu reached 158.4 billion yuan, of which the scale of mergers and acquisitions was second only to Beijing and Shenzhen, ranking third in the country.

　　Top ten cities with listed companies:Beijing, Shenzhen, Shanghai, Guangzhou, Hangzhou, Wuhan, Changsha, Chengdu, Xiamen and Ningbo. In addition to the first-tier cities in Shenzhen and Guangzhou, the number of enterprises listed in the regional equity exchange market in Hangzhou is significantly ahead of other cities, reaching 2429 at the end of 2018.

　　Top Ten Cities with Strong Policy Support:Chengdu, Shenzhen, Beijing, Guangzhou, Dalian, Shanghai, Xiamen, Nanjing, Suzhou and Zhengzhou. Chengdu has the largest support in the development support policy of dual-innovation financial institutions and the guidance support policy of dual-innovation financial services in China, while Shenzhen has the largest support in the promotion policy of dual-innovation financial ecological optimization.

　　Top Ten Cities with Active Innovation and Entrepreneurship:Beijing, Shenzhen, Shanghai, Xi ‘an, Guangzhou, Chengdu, Chongqing, Hangzhou, Suzhou and Qingdao. Among them, the number of newly established market entities in Xi’ an reached a record 543,000 in 2018, ranking first in the country; Chengdu ranks first in the country in terms of innovation and entrepreneurship, and Baidu’s hot search index has reached 55,902. At the same time, the number of newly established market entities in that year has reached 541,000, which is almost the same as that of Xi ‘an, which ranks first.

　　Top Ten Cities with Innovative and Entrepreneurial Talents:Guangzhou, Chengdu, Chongqing, Zhengzhou, Shenzhen, Xi ‘an, Wuhan, Hangzhou, Beijing and Changsha. Among them, Shenzhen, Guangzhou and Xi ‘an were the three cities with the largest net population inflow in 2018, all exceeding 400,000. Relatively speaking, Beijing is the only city among the top ten cities with a net outflow of population, with a decrease of 165,000 people in the whole year.

　　Chengdu’s "double innovation" finance surpassed Hangzhou and ranked fifth in the country, with distinctive development characteristics.

　　Chengdu started early in the exploration of "double innovation" and "financial innovation", and established a science-based franchise branch as early as 2009. Since Premier Li Keqiang put forward the idea of "mass innovation and entrepreneurship" in 2014, Chengdu has implemented the innovation-driven development strategy, solidly promoted the leading action of innovation and entrepreneurship, and quickly became a highland of "double innovation" in western China. It has accelerated its pace in exploring the development of "double innovation" financial innovation and has formed a good development trend.

　　In this period, Chengdu ranked first among 31 cities, and maintained rapid growth for two consecutive years, narrowing the gap with leading cities in one fell swoop, ranking fifth in the country, fourth among nine national central cities, third among 15 sub-provincial cities, and first in the central and western regions.

　　As the most representative city in terms of financial development and support level after Beijing, Shanghai, Shenzhen and Guangzhou, Chengdu’s successful experience has strong representativeness and reference significance in China. Summarizing the characteristics and highlights of Chengdu’s development, the most important point is that the government has spared no effort in promoting policy support and building financial service platforms. By integrating resources, it has built five financing service platforms for small and medium-sized enterprises and two financial ecological protection platforms (Chengdu Jiaozi Finance "5+2" platform), and has taken the lead in exploring and building a systematic, comprehensive and one-stop investment and financing service system for small and medium-sized enterprises in China, which has largely met the financial service needs of various innovative and entrepreneurial activities.

Financial security upgrade again.

In 2023, Huaihua Branch of the People’s Bank of China actively took a series of innovative measures, including holding a series of anti-money laundering knowledge competitions, holding a "City-wide Symposium on Anti-money Laundering" and "Huaihua City Promotion Meeting on Combating and Governing Money Laundering Crimes", and strengthening the anti-money laundering compliance supervision of legal entities within its jurisdiction, constantly consolidating the cooperation mechanism with the Commission for Discipline Inspection, public security, procuratorate, court, customs and other relevant member units, and committed to preventing money laundering risks from the source. Through strong public opinion propaganda and effective

(2023 Huaihua Postal Savings Cup Anti-money Laundering and Anti-fraud Knowledge Competition)

Comprehensively improve quality and efficiency

Promote training by meeting, be clear about goals and be strong in ability. At the beginning of 2023, Huaihua Branch of the People’s Bank of China guided financial institutions to make clear their goals, and put forward new requirements of "five increases and five decreases" by convening the anti-money laundering work meeting of financial institutions in the city and the exchange meeting between police and banks, so as to increase the value of transferring key suspicious clues, strengthen the construction of internal control mechanism for anti-money laundering, improve the quality and effectiveness of anti-money laundering training, broaden the channels and frequency of anti-money laundering propaganda, and enhance the exchange of experience in anti-money laundering work, and the importance of financial institutions in the city to anti-money laundering work has been greatly improved.

At the same time, relying on the mechanism of Huaihua anti-money laundering joint meeting, the public security organs provided financial institutions with guidance on how to find suspicious clues and improve the efficiency of tracing, and promoted financial institutions to better identify and report suspicious transactions and strengthen the pertinence and effectiveness of anti-money laundering work; Advanced units in anti-money laundering shared the Bank’s experience in discovering and submitting key suspicious clues in anti-money laundering work, providing opportunities for other financial institutions to learn and learn from. Through the linkage of a series of meetings, the cooperation between public security organs and financial institutions has been further strengthened, and the professional quality and suspicious transaction analysis and screening ability of anti-money laundering talents in Huaihua financial institutions have been effectively improved, so as to better prevent and crack down on money laundering criminal activities, maintain financial order and social security, and protect the legitimate rights and interests of the people.

("Anti-Money Laundering Publicity and Education Base" unveiled at Hunan Medical College)

Promote the integration of education and mission

In order to implement the requirements of the National Three-year Action to Combat Money Laundering Crimes (2022-2024), Huaihua Branch of the People’s Bank of China, together with the Supervision Committee of the Municipal Commission for Discipline Inspection, the Propaganda Department of the Municipal Party Committee, the Municipal Intermediate People’s Court, the Municipal People’s Procuratorate, and the Municipal Public Security Bureau, launched a series of anti-money laundering knowledge competitions in Huaihua City from April to August 2023, including online answering questions by the whole people, on-site written examination of anti-money laundering knowledge of financial institutions and on-site anti-money laundering knowledge. The activity lasted for 3 months, with a total of more than 300,000 participants, and achieved good publicity results.

In order to do a good job in anti-money laundering education for college students, Huaihua Branch of the People’s Bank of China, Huaihua Public Security Bureau and Hunan Medical College jointly signed a memorandum of cooperation on "Hunan Anti-money Laundering Education Pilot Base", and held the awarding ceremony of the base in Hunan Medical College, creating a new model of anti-money laundering education cooperation among banks, police and schools. The three parties also hired more than 20 teachers and students and anti-money laundering staff of financial institutions as the first batch of "Huaihua anti-money laundering propaganda volunteers", which is also the first "anti-money laundering propaganda volunteer service team" in Hunan Province, laying a solid foundation for the normalized anti-money laundering propaganda work in the future.

(2023 Huaihua Anti-Money Laundering Police-Bank Exchange Meeting)

Innovative supervision methods

In order to better guide corporate financial institutions within their jurisdiction to carry out self-assessment of money laundering risks and implement the concept of "risk-oriented", Huaihua Branch of the People’s Bank of China formulated the "Three-year Implementation Plan for Anti-money Laundering Supervision of Corporate Institutions in Huaihua City". The scheme clearly adheres to the principle of "being flexible before being rigid, combining rigidity with flexibility" in the application of anti-money laundering supervision methods. First, through flexible supervision means such as supervision visits, interviews and risk assessment, the money laundering risks of institutions are discovered, and the evaluated institutions are urged to rectify. For institutions that find major risks of anti-money laundering or fail to rectify problems in time, special anti-money laundering law enforcement inspections will be carried out.

In view of the problems found in on-site supervision, Huaihua Branch of the People’s Bank of China adopted the mode of "combining evaluation with training, and promoting training through evaluation" to give point-to-point and face-to-face training explanations on the problems existing in the anti-money laundering work of financial institutions. This practice of combining problems found in assessment with anti-money laundering training is a new exploration of Huaihua Branch of the People’s Bank of China in the construction of anti-money laundering teams in financial institutions. By promoting training and reform through evaluation, the quality and efficiency of anti-money laundering work in financial institutions have been comprehensively improved and the expected goals have been achieved.

(Huaihua Daily, all-media reporter Zhang Hongpeng, correspondent Wu Kaijun, Jiang Dingqing)

Reporting/feedback

Many places will usher in strong winds and cool weather, and the cooling rate in the south will exceed that in the north.

　　At 18: 00 on the 20th, the Central Meteorological Observatory issued a yellow warning for the cold wave: It is predicted that due to the influence of the cold wave, there will be large-scale gale and cooling weather from north to south in most parts of central and eastern China from the 20th to the 24th, and the average temperature will generally drop by 6-mdash; 10 degrees Celsius.

　　According to reports, this cold wave has the characteristics of large cooling range, wide precipitation range, strong cold air force and slow travel speed.

　　The cooling rate in the south is higher than that in the north, and the scope of winter in the whole country will be further expanded.

　　According to the news released by the Central Meteorological Observatory, affected by the cold wave, the temperature in the eastern part of northwest China, eastern and central North China, central and western Huanghuai, central and western Jianghuai, Jianghan, central and western Jiangnan, central and northern South China, northeastern Sichuan, eastern Chongqing and central and eastern Guizhou will drop by 12-mdash; At 14 degrees Celsius, the temperature drop in parts of southern Henan, western Anhui, most of Hubei, central and western Hunan and northeastern Guangxi can reach more than 16 degrees Celsius. The above areas are accompanied by 4-mdash; The northerly wind is 6, and the winds in the eastern and southern seas are 7-mdash; Level 9. In the early morning of the 22nd, the lowest temperature 0℃ line will be located in the central part of Huanghuai, and the lowest temperature in North China Plain will reach-3 -3— -10 degrees Celsius. The daily minimum temperature in some areas of North China Plain is close to the extreme value in the middle and late November.

　　At the same time, the Central Meteorological Observatory continued to issue a blue warning of blizzard. It is estimated that there will be heavy snow in parts of Beijing, northern Tianjin, northern Hebei, northeastern Shanxi and western mountainous areas of southern Xinjiang from 20: 00 on the 20th to 20: 00 on the 21st. Among them, there are blizzards (10-mdash; 12 mm), the above areas will add snow depth of 2-mdash; 5 cm, the local area can reach more than 8 cm.

　　"From the perspective of cooling range, due to the relatively low basic temperature in the northern region in the early stage, the cooling range in the southern region is larger than that in the northern region," said Zhang Tao, chief forecaster of the Central Meteorological Observatory. After the cold air, the minimum temperature in the southern region will not change much, and the minimum temperature will not recover obviously, but the maximum temperature in some areas will recover quickly during the day, so the temperature difference between day and night will be larger in some areas.

　　Does this round of cold air mean that China has officially entered winter?

　　Zhang Tao said that as China’s climate process gradually entered the winter, the force of warm and humid air flow gradually weakened. Meteorology, the average daily temperature for five consecutive days is below 10 degrees Celsius as the winter standard. At present, the area in winter in China is north of the Qinling Mountains and Huaihe River. After this round of cold air, the scope of winter in China will be further expanded, and the winter line will be pushed to the northern part of the south of the Yangtze River and the middle and lower reaches of the Yangtze River.

　　Strong cold air will affect the northern and southeastern waters of China on a large scale.

　　According to the National Ocean Forecasting Station, influenced by a strong cold air, it is predicted that there will be a strong temperate storm surge in Bohai Bay, Laizhou Bay and the northern coast of Shandong Peninsula from the afternoon of 20th to the morning of 22nd. From 21st to 26th, the Bohai Sea, the Yellow Sea, the East China Sea, the waters near Diaoyu Island, the Taiwan Province Strait and the northern part of the South China Sea will see a huge wave.

　　On the afternoon of the 20th, the National Marine Environmental Forecasting Center issued a 24-hour yellow storm surge warning: It is estimated that there will be 50-mdash in Bohai Bay from the afternoon of November 20th to the afternoon of 21st; 160 cm storm will increase water, and there will be 50-mdash in Laizhou Bay; 200 cm storm will increase water, and there will be 30-mdash along the northern coast of Shandong Peninsula; 80 cm storm increases water. Tidal stations in Caofeidian, Hebei, Huanghua and Tanggu, Tianjin will reach the local yellow warning tide level on the morning of 21st, tidal stations in Yangjiaogou and Weifang, Shandong will reach the local blue warning tide level on the afternoon of 21st, tidal stations in Jingtang Port, Hebei will reach the local blue warning tide level on the morning of 21st, and tidal stations in Longkou and Penglai, Shandong will reach the local warning tide level on the afternoon of 21st. The warning level of storm surge in Tangshan, Cangzhou, Tianjin and Weifang, Shandong Province is yellow, and the warning level of storm surge in Yantai, Shandong Province is blue.

　　This marine disaster process has a long time, a wide range and great intensity.

　　Experts suggest that relevant units should make preparations for defense deployment in advance, and relevant departments should conduct inspections and maintenance of seawalls, sluices and other facilities in a timely manner, and do a good job in strengthening seawalls and fishery breeding facilities in weak and dangerous areas.

　　Affected by cold air, air pollutants in Huanghuai area of North China will weaken and dissipate.

　　A few days ago, the air in some areas was heavily polluted, and many people still remember it: since November 16, the meteorological conditions in Beijing, Tianjin and Hebei and its surrounding areas have stabilized, the inversion temperature has increased, the humidity has increased, and the pollution diffusion conditions have been unfavorable, and some cities have successively experienced heavy pollution weather processes. The air quality in 30 cities has reached serious pollution and above, including Taiyuan, Linfen, Shijiazhuang, Kaifeng, Anyang and Xingtai. Beijing started the orange warning of heavy air pollution at 0: 00 on the 17th.

　　Then, when the cold wave strikes, can the blue sky come as scheduled?

　　According to the Central Meteorological Observatory, the smog weather in Huanghuai area of North China will be completely weakened and dissipated on the 21st with the arrival of cold air.

　　In addition, according to the forecast of China National Environmental Monitoring Center, 21st — On the 23rd, the diffusion conditions continued to be favorable. The air quality in most parts of Beijing-Tianjin-Hebei region was excellent, and slight pollution may occur in some areas. The primary pollutant was PM2.5.

　　On the 24th, as the wind direction gradually turned to the south, the diffusion conditions became worse, and pollutants tended to converge to the south-central part of Beijing, Tianjin and Hebei. The northern part of the Beijing-Tianjin-Hebei region is mainly excellent, while the central and southern parts of Beijing-Tianjin-Hebei, western Shandong, southwestern Shanxi and northern Henan are mainly light to moderate pollution, and some areas may have short-term heavy pollution. 25th — On the 26th, the diffusion conditions continued to be unfavorable, with moderate to severe pollution in central and southern Beijing-Tianjin-Hebei, central and western Shandong, northern Henan and southwestern Shanxi, among which serious pollution may occur in central and southern Beijing-Tianjin-Hebei and parts of western Shandong. On the 27th, the pollution situation eased and the pollution process ended due to the possible transit in the high-altitude trough area and the northerly airflow near the ground.

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