On December 16th, China Banking and Insurance Regulatory Commission, China issued a public consultation announcement on the Notice on Further Promoting the Standardized and Healthy Development of Credit Card Business (Draft for Comment). The opinion draft pointed out that banking financial institutions should take effective measures to monitor and control the actual use of credit card funds in a timely and accurate manner. Credit card funds shall not be used for repayment of loans, investment and other fields, and it is strictly forbidden to flow into areas restricted or prohibited by policies. The number of long-term sleep credit cards that have not been actively traded by customers for more than 18 consecutive months and the current overdraft balance and overpayment are zero shall not exceed 20% of the total number of cards issued by the institution at any time, except for credit cards with additional policy functions issued by banking financial institutions as required by policies and regulations. Banking financial institutions exceeding this ratio may not issue new cards.

　　Attached to the original:

　　Notice on Further Promoting the Standardized and Healthy Development of Credit Card Business (Draft for Comment)

　　This circular is formulated to standardize the credit card business, implement the management responsibilities of banking financial institutions and their cooperative institutions, improve the quality and efficiency of credit card services, protect the legitimate rights and interests of financial consumers, adhere to the people-centered development idea, and promote the credit card industry to develop with high quality to better support scientific and rational consumption.

　　First, strengthen the management of credit card business

　　(1) [Strategic Management] A banking financial institution shall formulate a prudent and steady credit card development strategy, which shall be reviewed and approved by the board of directors or senior management of the institution, and shall be continuously and effectively implemented and regularly evaluated and improved. Banking financial institutions shall reasonably formulate the annual management objectives and plans of credit cards in strict accordance with the development strategy.

　　(II) [Performance Appraisal] Banking financial institutions shall establish a scientific and reasonable credit card business performance appraisal index system and salary payment mechanism. The weight of compliance management indicators and risk management indicators should be significantly higher than other indicators. Banking financial institutions shall regularly assess and determine the positions and personnel scope that have an important impact on the credit card business risks, and implement strict management of deferred payment, delayed recourse and deduction of performance pay.

　　(III) [Asset Quality Management] Banking financial institutions shall strictly implement the credit card asset quality classification standards and identification procedures, and comprehensively, accurately and timely reflect the asset risk status. Strengthen the analysis of asset quality migration trend, set risk early warning indicators, continuously and effectively identify, measure, monitor, warn, prevent and dispose of risks, accurately grasp the scale and structure of non-performing assets, and write them off in time according to procedures.

　　(IV) [Behavior Management] Banking financial institutions shall strictly implement the employee behavior management of credit card business, carry out continuous supervision and regular investigation, implement the whole process supervision of the business behaviors of important positions and key personnel, and establish and improve the accountability and recording mechanism for violations.

　　(V) [Staff Training] Banking financial institutions shall strengthen compliance training and consumer rights protection training for their employees engaged in credit card business, and the training time for each person shall not be less than 30 hours per year.

　　Second, strictly regulate the marketing behavior of issuing cards.

　　(VI) [Card Issuance Management] Banking financial institutions shall not directly or indirectly take the number of cards issued, the number of customers, market share or market ranking as single or main assessment indicators.

　　Banking financial institutions should continue to take effective measures to prevent risks such as fraudulent card handling and excessive card handling. Set the maximum number of cards issued for a single customer. Strengthen the dynamic monitoring and management of sleep credit cards and strictly control the proportion. The number of long-term sleep credit cards that have not been actively traded by customers for more than 18 consecutive months and the current overdraft balance and overpayment are zero shall not exceed 20% of the total number of cards issued by the institution at any time, except for credit cards with additional policy functions issued by banking financial institutions as required by policies and regulations. Banking financial institutions exceeding this ratio may not issue new cards. The Bank of China Insurance Regulatory Commission (hereinafter referred to as China Banking and Insurance Regulatory Commission) can dynamically reduce the proportion limit standard of long-term sleep credit cards according to regulatory needs.

　　Banking financial institutions should respect the true wishes of customers when binding payment accounts and other accounts for credit cards, and provide unbinding services with the same convenience. If a customer applies for card cancellation, it shall complete the processing in time after confirming that there is no outstanding payment.

　　(VII) [Information Disclosure] Banking financial institutions should effectively strengthen marketing publicity and management when conducting credit card business. When concluding a credit card contract with a customer, we should strictly fulfill the obligation to prompt or explain the terms of interest, compound interest, fees, liquidated damages, and risk disclosure, show the annualized interest rate level to the customer in an obvious way, ensure that the customer pays attention to and understands the terms, and actively inform the customer of the consultation and complaint acceptance channels. When opening the online payment function of credit card for customers, we should fully fulfill the obligation of informing in advance, reach an agreement with customers on the terms of online payment, and obtain the customer’s confirmation and consent on the opening.

　　(VIII) [Sales Backtracking] Banking financial institutions shall actively take audio and video recording and other measures to completely and objectively record and save important sales link information such as credit card issuance, risk disclosure and information disclosure, so as to ensure that the recorded information is comprehensive, accurate, tamper-proof and traceable, and continuously meet the requirements of supervision and inspection by financial regulatory authorities and investigation and evidence collection by judicial organs in China. The recorded information should at least include: the valid identification materials of the credit card applicant, the financial status related to the credit card application, credit records, publicity and sales texts, signed credit card articles of association and contract (agreement), important tips and confirmation information, etc. The recorded information should be kept for at least 2 years after the end of the business duration with customers.

　　(IX) [Management of Marketing Personnel] No person may engage in the credit card issuance marketing activities of a banking financial institution without internal unified qualification certification. Banking financial institutions shall provide information inquiry methods for credit card marketers at their business outlets and electronic channels. Credit card marketers should present their work certificates containing the identity of the card issuer and personal work information to customers in advance, and inform customers of the information inquiry methods of credit card marketers.

　　(X) [Prohibited Behavior] Banking financial institutions shall implement strict management of credit card marketing behavior. Do not promise to issue cards or promise to give high credit; No fraud or false propaganda; Credit cards shall not be marketed by default check or forced bundling.

　　Third, strict credit management and risk control

　　(eleven) [credit audit] banking financial institutions should strengthen the credit audit of credit card customers, understand and analyze the credit status of customers through legal channels such as the basic database of financial credit information, implement necessary multi-dimensional cross-verification, independently audit and judge the identity of customers and identify the authenticity, integrity and timeliness of application materials. Customers who have multiple debt records in different institutions after investigation should be strictly examined to strictly guard against the risk of multi-head lending.

　　(XII) [Credit Management] A banking financial institution shall reasonably set the upper limit of the total credit line of a single customer according to the credit status, income status and financial status of the customer, and include the customer in all credit lines of the institution for unified management. Within the total credit line of credit card, the credit line of cash advance business shall not exceed the credit line of non-cash advance business.

　　Banking financial institutions shall conduct full due diligence on a single customer and conduct consolidated management on all credit card credit lines of the customer in other institutions. In the process of credit approval and credit line increase (including temporary credit line increase), the accumulated credit lines obtained from other institutions should be deducted from the total credit line of the customer’s own credit card, and the situation of new card issuing customers applying for credit cards from other institutions at the same time should be monitored and the corresponding credit line reduction should be implemented.

　　(XIII) Banking financial institutions shall implement strict and prudent dynamic management of credit line of credit card, and re-evaluate, calculate and determine the credit line of credit card customers at least once a year. For customers whose risk situation has obviously deteriorated, measures such as reducing the credit line should be taken in time. The customer who raises the credit line shall be re-approved for credit, and the credit line shall not be raised without the consent of the customer. Banking financial institutions shall strictly set the approval authority for raising the credit line, and reasonably set the range, frequency, time interval and validity period of the temporary increase of the credit line.

　　(XIV) [Risk Model] Banking financial institutions shall establish and improve the whole process management mechanism of credit card risk model development, testing, evaluation, application, monitoring, correction, optimization and withdrawal, ensure that the risk model development and evaluation links are independent of each other, and re-evaluate the risk model at least once a year and update and optimize it in time. When using the risk model provided by the cooperative organization, the principles of interpretability, verifiability, transparency and fairness shall be followed, and the responsibility of risk model management shall not be outsourced. The board of directors and senior management of banking financial institutions should understand the role and limitations of credit card-related risk models.

　　Fourth, strictly control the flow of funds

　　(XV) Banking financial institutions shall take effective measures to timely and accurately monitor and control the actual use of credit card funds. Credit card funds shall not be used for repayment of loans, investment and other fields, and it is strictly forbidden to flow into areas restricted or prohibited by policies.

　　(XVI) Banking financial institutions shall strengthen the monitoring and analysis of abnormal card use behaviors such as cashing and swiping, continuously optimize transaction monitoring rules, enhance early warning capabilities, and continuously and effectively prevent and control all kinds of fraud risks. Record and save credit card transactions and other information completely according to law, and continuously meet the requirements of supervision and inspection by financial regulatory authorities and investigation and evidence collection by judicial organs in China. If the transaction information that the acquiring institution should send is not received, it shall promptly inform the bank card clearing institution, the online payment clearing platform of non-bank payment institutions and other relevant institutions. For customers who confirm the existence of cash withdrawal, banking financial institutions should immediately take effective restrictive measures to control the risk of credit card funds.

　　Five, comprehensively strengthen the standardized management of credit card installment business.

　　(XVII) Banking financial institutions shall strictly regulate the management of credit card installment business. To handle installment business for customers, we should set up independent application, approval and other links in advance, fully disclose the nature of installment business, handling procedures, potential risks and liability for breach of contract in a concise and easy-to-understand way, and confirm the knowledge by customers in a legally effective way. A separate contract (agreement) shall be signed with the customer for each installment business, and it shall not be confused with or bundled with other credit card business contracts (agreements). If the credit card installment funds need to be transferred to the customer’s own account, it shall be transferred to his own bank settlement account except the credit card, and the amount and term shall be managed according to the cash advance business.

　　(XVIII) [Prohibitive Provisions] Banking financial institutions shall not re-stage the fund balance that has been staged, except for the personalized installment repayment agreement stipulated in the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks. No minimum repayment service shall be provided for installment business. Do not only provide or check the option of charging full installment interest at one time by default.

　　(XIX) [Amount and Term] Banking financial institutions shall carefully set the amount and term of credit card overdraft by installment, and specify the minimum starting amount and the maximum amount of installment business. The term of installment business shall not exceed 5 years. If the customer really needs to apply for installment repayment for the cash advance business, the amount shall not exceed RMB 50,000 or the equivalent in a freely convertible currency, and the term shall not exceed 2 years.

　　(20) [Disclosure Form of Interest and Fee] A banking financial institution shall clearly display all interest and fee items, annualized interest rate levels and interest and fee calculation methods that may be generated by installment business on the first page of the installment business contract (agreement). When showing customers the use cost of funds collected by installment business, interest shall be used uniformly, and handling fees shall not be used, unless otherwise stipulated by laws and regulations.

　　(21) If the customer settles the credit card installment business in advance, the banking financial institution shall charge interest according to the actual amount of funds occupied and the term.

　　Sixth, strict management of cooperative institutions

　　(22) [Management of Cooperative Institutions] When conducting credit card business cooperation, banking financial institutions should earnestly implement the main responsibility of business compliance review and strengthen cooperation with cooperative institutions in employee compliance and consumer protection training. The credit card business management department of the head office or the headquarters of the credit card franchise institution shall formulate clear entry and exit standards and management approval procedures for the cooperative institutions, and implement list management. A written cooperation contract shall be signed with the cooperative institution to clearly stipulate the rights and responsibilities of both parties. If it is found that the cooperative institution provides unfair and unreasonable cooperation conditions or services, it shall refuse to cooperate or terminate the cooperation according to the contract. The cooperative institutions mentioned in this Notice include, but are not limited to, various institutions that cooperate in credit card advertising promotion, payment and settlement, information technology, value-added services and collection.

　　(23) [Cooperative Management] Banking financial institutions shall accept business links such as credit card application, customer information collection, identity verification, card issuance review, contract (agreement) signing, credit card transaction, bill information inquiry, repayment, etc. through self-operated network platforms, pages or other electronic channels managed and controlled by cooperative institutions, so as to ensure clear and accurate creditor-debtor relationship. For consumers who transfer to the self-operated network platform of their own institutions through the channels of other cooperative institutions, the cooperative institutions shall be required to make special tips on the difference between the ownership subjects of the channels and places.

　　(24) [Concentration Management] The total number of credit cards issued by a banking financial institution through a single cooperative institution or a number of cooperative institutions with related relationships shall not exceed 25% of the total number of credit cards issued by the institution, and the total credit balance shall not exceed 15% of the total credit balance of the institution.

　　(25) [Co-branded card management — Main responsibility] Banking financial institutions shall assume the main responsibility for the operation and management of their co-branded cards, ensure that both parties to the co-branded cards present their own brands equally in all credit card-related business links, and shall not directly or in disguised form exercise banking duties on behalf of the co-branded units or substitute the brand of the co-branded units for the bank brand. We should continue to strengthen the analysis and monitoring of the business risk, reputation risk and other adverse effects of the joint venture, and strictly prevent the risk from being transmitted to this institution. Except for obtaining separate authorization from customers through the self-operated channels of the institution, information unrelated to its rights and services shall not be returned to the joint venture. It is not allowed to carry out business beyond the business area restrictions by issuing joint-name cards or through the channels of joint-name units. Strengthen cooperation with bank card clearing institutions, and establish and improve the business rules for issuing co-branded cards.

　　(XXVI) [Co-branded card management — Joint unit] Banking financial institutions shall carefully and fully evaluate the matching degree between joint units and credit card product positioning. A joint entity shall be a non-financial institution that provides value-added services to credit card customers in its main business field. Banking financial institutions shall not cooperate with financial institutions, financial holding companies and their subordinate financial institutions, non-bank payment institutions and local financial organizations to issue co-branded cards, except as otherwise provided by China Banking and Insurance Regulatory Commission.

　　(XXVII) [Co-branded card management — Service restrictions] The business scope of joint-name card cooperation of banking financial institutions shall be limited to the advertising promotion of joint-name units and the rights and interests services related to their main business. Where a joint venture provides data analysis, technical support, collection and other services, it shall sign a special contract separately, and stipulate the rights and responsibilities of both parties according to the principle of matching income and risk, and different cooperation content categories shall not be confused and cross-bound.

　　(XXVIII) [Co-branded card management — Service charge] If a joint unit participates in the credit card revenue or profit sharing directly or in disguised form in the joint card business cooperation, or improperly links the charging standard with the credit card overdraft amount and other indicators, the banking financial institution shall stop the joint card cooperation with it.

　　(29) [Collection Management] Banking financial institutions shall implement the main responsibility of collection management, strictly formulate and implement management systems such as audit inspection and complaint handling of collection business, standardize collection behavior, and shall not provide or disclose customer arrears information in violation of laws and regulations, and shall not collect debts from third parties unrelated to debts. Continuously strengthen the collection capacity building of this institution and reduce the dependence on outsourcing collection.

　　Vii. strengthening the protection of consumers’ legitimate rights and interests

　　(30) [Consumer Protection Review] Banking financial institutions shall establish a review system and working mechanism for the protection of consumers’ rights and interests, and incorporate them into the credit card business risk management and internal control system. Regularly and strictly review credit card format contracts to avoid clauses and contents that infringe on consumers’ legitimate rights and interests.

　　(31) [Reasonable Pricing] Under the premise of complying with laws and effectively covering risks, banking financial institutions should scientifically determine the level of credit card interest fees, improve the quality and efficiency of services, continue to take effective measures, and resolutely promote the reasonable decline of credit card interest fees. Except for cash withdrawal business, the total amount of interest charged by banking financial institutions to customers who default or fail to repay overdue shall not exceed the corresponding overdraft principal.

　　(32) [Data Security] Banking financial institutions shall strictly implement data security and other relevant laws and regulations and relevant provisions on credit management, follow the principle of "legality, justness and necessity", and clearly stipulate in the cooperation contract the purpose, manner and scope of the use of customer information by both parties, customer information confidentiality responsibilities and obligations, and effective measures to prevent and control the risk of customer information disclosure. It is not allowed to cooperate with institutions that conduct data processing in violation of laws and regulations.

　　Eight, strengthen the supervision and management of credit card business.

　　(33) [Daily Supervision] China Banking and Insurance Regulatory Commission and its dispatched offices shall strengthen the risk identification, monitoring, early warning, prevention and control and disposal of credit card business of banking financial institutions, and continuously strengthen the extended monitoring and regulation of various business activities related to credit card business. In violation of the provisions of this notice, it shall be ordered to make corrections within a time limit, and relevant regulatory measures or administrative penalties may be taken according to the Banking Supervision Law of the People’s Republic of China and other laws, administrative regulations and relevant provisions.

　　(XXXIV) [Online Credit Card Business] In accordance with the principles of controllable risks, safety and order, China Banking and Insurance Regulatory Commission has promoted the innovation of the credit card industry and explored innovative modes such as online credit card business through pilot projects.

　　(35) [Strengthening Industry Self-discipline] The China Banking Association shall give full play to the industry self-discipline function, continuously improve the self-discipline rules and risk evaluation system of credit card business, and strengthen self-discipline punishment and notification.

　　(36) This notice shall come into force as of the date of promulgation. Banking financial institutions shall, within one month from the date of implementation of this notice, formulate and submit a rectification plan to the regulatory authorities, and clarify the rectification objectives and time schedule. If the credit card business that has been started does not conform to the provisions of this notice, the rectification shall be completed within 24 months.

　　(37) [Other Arrangements] If the relevant provisions before the issuance of this notice are inconsistent with this notice, this notice shall prevail. China Banking and Insurance Regulatory Commission is responsible for the interpretation of this notice.

WeChat official account, Nov. 10, 2021: The new Patent Law, which came into effect on June 1, 2021, added a dispute resolution mechanism for patents related to drugs applied for registration. In this regard, National Medical Products Administration and China National Intellectual Property Administration issued the Measures for the Implementation of the Early Resolution Mechanism of Drug Patent Disputes (Trial). The Supreme People’s Court also issued the Provisions of the Supreme People’s Court on Several Issues Concerning the Application of Laws in the Trial of Civil Cases of Patent Disputes Related to Drugs Applying for Registration, which stipulated the specific contents of the dispute settlement mechanism and determined that the Beijing Intellectual Property Court had centralized jurisdiction over such cases. The civil cases of patent disputes related to drugs applied for registration are commonly referred to as "drug patent link" cases in the industry.

Recently, Beijing Intellectual Property Court accepted the first case of this type after the implementation of the new patent law.

The plaintiff of the case, Sino-foreign Pharmaceutical Co., Ltd., claimed that it was the holder of the marketing license of the patented drug "Aidit calcitol soft capsule" and the patentee of the China invention patent with the patent number of 2005800098777.6 and the name of "ED-71 preparation" involved in this drug. The plaintiff found that Wenzhou Haihe Pharmaceutical Co., Ltd., the defendant, applied to the State Drug Administration for the listing license of generic drugs named "Aidit Calcineol Soft Capsule". The public information of China listed drug patent information registration platform shows that the defendant made a Class 4.2 statement about the generic drug. Therefore, the plaintiff filed a drug patent linking lawsuit with the Beijing Intellectual Property Court in accordance with Article 76 of the new Patent Law, requesting the court to confirm that the generic drug "Aidit calcitol soft capsule" applied for registration by the defendant falls within the patent protection scope of the invention patent No.2005800098777.6 enjoyed by the plaintiff. The Beijing Intellectual Property Court considered that the plaintiff’s lawsuit met the requirements of the prosecution conditions of drug patent link litigation and registered it according to law.

At present, the case is under further investigation.

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　　At 0: 30 on April 20th.

　　Four 20-story uncompleted residential buildings that stood on Zhenbei Road in Shanghai for nearly 20 years were demolished by blasting at the same time. A flaw in Shanghai’s "West Lobby" finally became history, and Zhenbei business circle ushered in a brand-new pattern.

　　At 0: 41 on April 20th.

　　After the first clarification by the Shanghai Seismological Bureau, the "Central Center Reconstruction Project" successfully went out of the circle and entered the people’s field of vision of the whole country;

　　April 22, 2020

　　Xu Guoliang, the original owner of the Central Center Project, reported that the receiver had embezzled assets, which immediately attracted many concerns. The renovation project of Zhenbei Business Circle in Putuo, Shanghai once again became a hot spot of public concern.

　　After many twists and turns, I entered the true north

　　Unfinished residential building?

　　The uncompleted residential buildings in this blasting are located in the Central Commercial Complex in the west of Shanghai and the main road of the Central Ring Road. They have changed owners several times in the past 20 years, but now they have been collected by Baoneng Group. The project name is tentatively "Baoneng Central Center", which will be built into an urban complex integrating office, commerce, hotels, entertainment and finance.

　　Photo: renderings of Baoneng Central Center

　　In 1997, No.1531 Zhenbei, where Baoneng Central Center is located, was the wife Aite of New Huangpu (600638, Guba), the largest super-large storage building materials distribution center in Shanghai. It covers an area of 270 mu, with a total construction area of 100,000 square meters and a total investment of 400 million yuan. The first phase of the project was completed in 1998, and it was sought after by many consumers at ultra-low prices through direct sales channels.

　　Then in 2002, Sichuan Xinglida Group took over the project development, but it was not completed due to the shortage of capital chain. In 2005, Bailian Group, Shanghai Dehong Investment and Shanghai Dade Investment Company jointly acquired Xinglida Group, and immediately launched the Bailian Central Plaza project, and completed the first phase of Bailian Central Plaza construction in 2006. The project entered the public’s field of vision as a multi-format business image such as shopping, catering, leisure, culture and entertainment.

　　Photo: Shanghai Bailian Zhonghuan Shopping Plaza

　　In the following eight years, the second phase of Bailian Central has been silent. Until 2014, 100% equity and creditor’s rights of Shanghai Xinglida Commercial Plaza Co., Ltd., which is wholly controlled by Bailian Group, were publicly listed and sold on the Shanghai United Assets and Equity Exchange. In May of the following year, Shanghai Hengyuan Real Estate will receive 8.91 billion yuan together with three projects including Shanghai Xinglida Project.

　　After Shanghai Hengyuan took over the project, it was originally planned to introduce multiple functions and formats such as office, heavy space, apartment, hotel, business and finance, and build it into an ecological circle integrating work, life and leisure, but it was not implemented until it was acquired by Baoneng Group. The project has been "unfinished" for nearly 20 years. Baoneng decided to demolish it by blasting because of its old building structure and potential safety hazards. With the blasting sound of nearly 15 seconds, Putuo Zhenbei business circle ushered in a new era.

　　After 20 years of unfinished business, once it is exhausted, the future of Central Center can be expected.

　　The curtain call of uncompleted residential flats

　　Rashomon?

　　On April 20th, the shock of Shanghai Putuo Zhenru attracted people’s attention. The disadvantages of Zhenbei business circle for more than ten years were blown up once, but there was a storm behind the aftermath. On April 22, Xu Guoliang, the original owner of the project, left the country with his lawyer, causing another storm. The saliva war with Baoneng and Shanghai Bank has once again sparked heated discussions.

　　Tracing back to the source of the war of words, in January this year, Xu Guoliang reported that the Bank of Shanghai "colluded" with Baoneng Group through the official micro-name of the enterprise, embezzled 20 billion excellent assets owned by Shanghai Hengyuan, and illegally obtained 26.5 billion yuan of loans from state-owned banks. On the same day, Shanghai Bank issued a statement, pointing out that the company under Xu Guoliang’s name owed huge debts and was seriously untrustworthy. It was sued to the court according to law, and Shanghai Bank reported the case as soon as possible for its use of the media to spread serious untrue statements.

　　The subsequent results are unknown, but with the demolition of Putuo’s "uncompleted residential flats" by blasting, this war of words has escalated again, each with its own basis and reason, and it seems to have evolved into a "Rashomon" for a while.

　　Hengyuan

　　Guo-Liang Xu

　　In September 2018, Shanghai Hengyuan made a deal with Shenzhen Fang Rui Investment and Shenzhen Langyun Investment and Hengyuan, which were introduced by Shanghai Bank. After signing an agreement and paying Hengyuan 300 million yuan, they changed their equity. The latter two companies failed to perform their duties as scheduled, and they occupied the construction site privately, falsely reported the loss of the company’s seal license, obtained the asset safe without consent, and went through the formalities of equity pledge.

　　Hengyuan believes that the two companies that signed the contract with it are shell companies of Baoneng, with their registered capital of only 10 million yuan, social security employee information of zero, no operating performance and basically zero performance ability, and there are serious violations in obtaining a loan of 12 billion yuan from Shanghai Bank, thus accusing Shanghai Bank of "colluding" with Baoneng Group to embezzle tens of billions of assets under its name.

　　Baoneng Company and Fang Rui Langyun have a close business cooperation relationship, such as investment, but there is no shareholding relationship and related relationship, and the personnel structure is not the same. It is not in line with the objective situation that Hengyuan Enterprise turned Fang Rui and Langyun into shell companies of Baoneng and their subordinate nominal acquirers.

　　Baoneng

　　group

　　In order to cover up the truth, confuse the audience and seek illegal benefits, Hengyuan has spread false statements from the media, and all the credit business granted by the bank to Baoneng Group is approved in the whole process according to the company’s approval authorization. The relevant credit does not belong to the approval authority of the vice president, and there is no illegal lending behavior.

　　Shanghai

　　bank

　　Baoneng, Shanghai Bank United Front, and Hengyuan hold their own words, each with its own reasons, and how to wait for the final judgment of the court.

　　After several leaps and bounds, no matter what the capital market says, No.1531 Zhenbei Road has been included in the bag of Baoneng Group. In the future, I only hope that Baoneng can make the hard-won Baoneng Central Center bloom with a brand-new style and become a new landmark in Putuo business circle that can assume the functions of the city.

　　Actively prepare for the layout listing.

　　Real estate dream?

　　On April 26th, Yao Zhenhua, the chairman of Baoneng Department, adjusted the structure of Baoneng Chengfa, and divided it into five regions, namely Guangdong-Hong Kong-Macao Greater Bay Area region, East China region, North China region, Southwest China region and Central China region, which laid the foundation for the later large-scale development. At the same time, the original listing plan for 2020-2021 was slightly delayed, and it is expected that Baoneng Real Estate will submit an IPO in Hong Kong in 2022.

　　For the layout of the real estate field, Baoneng has always had a special insistence.

　　Since 2012, Baoneng Real Estate began to expand rapidly for the whole country, covering 20 cities across the country in two years. However, because its layout area is mostly in the suburbs of second-and third-tier cities, the scale of real estate revenue growth is slow. In 2015, Baoneng Real Estate was merged into Baoneng Holdings, trying to expand its real estate business through equity acquisition. At the end of 2016, Baoneng Chengfa, which focuses on industrial real estate, was established in Shenzhen.

　　In 2017, the "Wanbao dispute" was settled, but Baoneng’s real estate dream continued.

　　In 2018, the listing plan of Baoneng Real Estate was exposed. According to its plan, Baoneng Real Estate will be listed in 2020-2021. It is estimated that by the end of 2022, the scale will reach the top eight in the industry, the profit will exceed 40 billion, and the company’s valuation will reach 500-700 billion. Vanke, the real estate company with the highest market value, has a market value of 363.7 billion yuan and a net profit of 38.87 billion yuan at the end of 2019. I have to say that the listing plan of Baoneng Real Estate is "grand".

　　For the listing of the real estate sector, Baoneng has been actively preparing to expand its scale. In the sales performance list of typical real estate enterprises in China from January to December, 2019 released by Yihan think tank, Baoneng Holdings ranked 149th, and the sales amount of full-caliber commercial housing was 7.07 billion yuan, up 98.04% year-on-year, ranking 33rd.

　　Figure: The trend of sales amount of Baoneng Holdings in 2017-2019

　　Source: Yihan think tank

　　In recent years, Baoneng’s investment in real estate has been increasing. In 2019, Baoneng’s real estate business became clear again. The real estate development business was invested in Baoxin Land, and the industrial real estate business was dominated by Baoneng Chengfa. Recently, Yao Zhenhua has adjusted the structure of Baoneng Chengfa, actively set up a regional company of Baoneng Chengfa, and has made a preliminary construction of regional division. It is expected that three levels of control can be achieved in 2021-2022.

　　Figure: Business composition of Baoneng Real Estate Platform

　　Image source: real estate assets reference

　　The layout of industrial real estate and the establishment of Baoneng Chengfa are the practice of Yao Zhenhua’s concept of "prospering the city through industry". Under its vigorous promotion, the development model of "cultural tourism plus industry" has gradually formed. At present, many cultural tourism products recognized by the industry have been built, such as Yuan Wen Lion City in Qiandao Lake, Eighteen Ladders Traditional Scenic Area in Chongqing, and Baoneng Danxia Cultural Tourism City in Shaoguan, Guangdong.

　　With the endorsement of Baoneng Group, Baoneng Chengfa continued to innovate in industrial integration, integrating its multiple resources such as hotels, businesses, recreation and performing arts, and striving to build a blueprint for industrial real estate. By December 2019, Baoneng Chengfa had a management area of over 40 million square meters. On the road of large-scale development in the real estate field, Baoneng will be more active, and will continue to move towards listing in the future, and Baoneng’s real estate dream will be complete.

This article first appeared on WeChat WeChat official account: Real Estate Management Reference. The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.

The picture shows the routine briefing of the State Council policy.

By 2035, China will become a world-class intellectual property power. The CPC Central Committee and the State Council attached great importance to the construction of a strong intellectual property country. General Secretary of the Supreme Leader made a series of important instructions, and personally deployed and formulated the Outline of Building a Powerful Intellectual Property Country (2021-2035), which drew a grand blueprint for building a powerful intellectual property country. On the afternoon of October 31st, the State Council held the fourth special study with the theme of "deeply implementing the strategy of strengthening the country with intellectual property rights, effectively supporting innovation-driven development". Premier Li Qiang presided over the study and made an important speech, emphasizing the need to thoroughly study and implement the important exposition and guiding spirit of the Supreme Leader General Secretary on intellectual property work, accelerate the construction of a strong country with intellectual property rights, better serve and build a new development pattern and promote high-quality development. Vice Premier Ding Xuexiang and other the State Council leaders also made clear demands. At the same time, recently, the the State Council executive meeting intensively deliberated and adopted the Special Action Plan for Patent Transformation and Application (2023-2025) and the Detailed Rules for the Implementation of the Patent Law of People’s Republic of China (PRC) (Revised Draft) and other important documents and regulations, made arrangements for relevant work, and played a set of "combination boxing" in the field of intellectual property rights.

What progress has been made in building a strong intellectual property country? On November 8, the State Council Press Office held a routine briefing on the State Council policy, introducing the situation of accelerating the construction of a strong intellectual property country and effectively supporting innovation-driven development.

Strengthen the legal protection of intellectual property rights

Report to the 20th CPC National Congress of the Communist Party of China emphasized strengthening the legal protection of intellectual property rights and forming a basic system to support all-round innovation.

"China National Intellectual Property Administration continues to strengthen legislation and strengthen the protection of the rule of law. Timely revise and improve the legal system of intellectual property rights, fill the gaps in intellectual property legislation, and refine various system provisions. In particular, accelerate the establishment of intellectual property protection rules for new fields and new formats, and lay a solid institutional foundation for opening up a new track for industrial development. " China National Intellectual Property Administration director Shen Changyu said.

Recently, the executive meeting of the State Council deliberated and passed the detailed rules for the implementation of the Patent Law (revised draft), which attracted wide attention from all walks of life. Zhang Peng, Director of the Department of Treaty and Law of China National Intellectual Property Administration, introduced that this revision has implemented the decision-making arrangements of the CPC Central Committee and the State Council on strengthening intellectual property protection, and further improved the level of patent creation, utilization, protection, management and service in China. At the same time, this revision also highlights the characteristics of refining and perfecting relevant systems in accordance with the revised patent law, maintaining the consistency and stability of the patent system, making a good connection with relevant international treaties that China has joined, actively implementing international treaty obligations, and further integrating into international rules.

"Specifically, the revision mainly involves five aspects. First, improve the patent application system to facilitate applicants and innovative subjects; The second is to improve the patent examination system and improve the quality of patent examination; Third, strengthen patent administrative protection and safeguard the legitimate rights and interests of patentees; Fourth, strengthen patent public service and promote the transformation and application of patents; The fifth is to add special provisions for international applications for design and strengthen the connection with The Hague Agreement. " Zhang Peng said.

The fourth revision of the Patent Law added the relevant provisions that the patent administrative department of the State Council can handle patent infringement disputes with great influence in the whole country. In June, 2021, China National Intellectual Property Administration issued the Measures for Administrative Adjudication of Major Patent Infringement Disputes and the announcement of accepting cases, and officially started the administrative adjudication of major patent infringement disputes.

At the briefing, Zhang Zhicheng, Director of the Intellectual Property Protection Department of China National Intellectual Property Administration, introduced the latest progress in this work. Up to now, China National Intellectual Property Administration has accepted and concluded two batches of 12 administrative adjudication cases of major patent infringement disputes. This year, China National Intellectual Property Administration handled the second batch of 10 cases involving standard essential patents in the field of information and communication according to laws and regulations, and finally the two parties involved reached a patent cross-licensing agreement, and the cases were closed according to law.

Explore the rules of data intellectual property protection

Data is called "new energy" in the information age, and it has become an important production factor alongside traditional factors such as land, capital and technology. China is a big country with data resources and digital economy. In 2022, the scale of digital economy has reached 50.2 trillion yuan, accounting for 41.5% of GDP, ranking second in the world.

In order to strengthen the protection of data resources, in recent years, China National Intellectual Property Administration has actively carried out research and pilot work on data intellectual property protection rules, and achieved remarkable results. "China National Intellectual Property Administration Research has put forward the basic principle of’ four sufficiency’ in constructing data intellectual property protection rules. First, give full consideration to data security, public interests and personal privacy; Second, fully grasp the unique attributes of data and the objective laws of property rights system; Third, fully respect the labor and related input of data processors; The fourth is to give full play to the supporting role of data in industrial digital transformation and high-quality economic development. At the same time, the study combed a series of key issues of data intellectual property protection. Including the object of protection, the subject of protection, the way of empowerment, the content of rights and interests, and the mode of application. " Shen Changyu introduced.

At present, China has carried out data intellectual property pilot projects in eight provinces and cities, including Beijing, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Shenzhen, and has issued more than 2,000 data intellectual property registration certificates to business entities.

From the perspective of the innovation and development of digital economy, China’s patent creation and reserves have been continuously strengthened. "Invention patents in the core industries of the digital economy have grown rapidly. In 2022, the number of invention patents granted in the core industries of domestic digital economy reached 296,000, accounting for 42.6% of the total number of invention patents granted in China. " Ge Shu, deputy director of the China National Intellectual Property Administration Patent Office and director of the Strategic Planning Department, said that in the next step, China National Intellectual Property Administration will continuously build and improve the rules system of intellectual property rights adapted to new technologies around industrial transformation and upgrading, continuously improve the efficiency of the transformation and application of intellectual property rights, and provide more powerful support for the digital transformation of the economy and society.

Empowering the development of private manufacturing industry

Manufacturing industry is the pillar industry of the country, and private enterprises are an important force to promote the development of manufacturing industry. Solid and powerful intellectual property work is empowering the development of private manufacturing and promoting the development of the real economy.

"China National Intellectual Property Administration promotes the precise docking of universities, scientific research institutions and private enterprises, strengthens the supply of patented technology, helps enterprises to develop new products, and enhances the confidence of innovative subjects in investing in manufacturing. Since last year, we have organized 22 provinces to carry out pilot projects for patent opening licenses, and nearly 10,000 licenses have been reached. " Shen Changyu introduced.

He introduced that China National Intellectual Property Administration has established a full chain intellectual property protection mechanism for private enterprises, from technology research and development to product manufacturing to market operation, so that private enterprises can dare to invest and operate with peace of mind. We will continue to improve the rapid collaborative protection system of intellectual property rights and the network of rights protection assistance to provide private enterprises with convenient, efficient and low-cost channels for rights protection. At the same time, China National Intellectual Property Administration cooperated closely with large state-owned banks to coordinate the launch of intellectual property financial products, and effectively increased the intellectual property financing support for private manufacturing enterprises. In the first three quarters of this year, the national patent and trademark pledge financing amounted to 495.03 billion yuan, a year-on-year increase of 52.9%. Among them, inclusive pledge projects with a financing amount of less than 10 million yuan accounted for 71.6%, benefiting 18,000 small and medium-sized enterprises, with a year-on-year increase of 41.7%.

"In the next step, China National Intellectual Property Administration will take the special action of patent transformation and application as an opportunity to further improve policies, strengthen protection and optimize services with relevant departments, especially to promote the growth of small and medium-sized enterprises through patent industrialization, cultivate and promote patent-intensive products, and promote private manufacturing. Investment in the field will better help the development of the real economy." Shen Changyu said. (Reporter CoCo WU)

Xiao Xie (pseudonym), a migrant worker, was diagnosed with cervical cancer after going to the hospital for examination due to an increase in leucorrhea. At the age of 19, she felt incredible.

Speaking of cervical cancer, you will not be too unfamiliar. Famous singer Anita Mui and movie star Li Yuanyuan all died of this disease. It is one of the most common gynecological malignant tumors. With the decrease of the age of sexual behavior, the incidence of cervical cancer has also shown the characteristics of younger age in recent years. Then why does premature sex induce cervical cancer? How to achieve early detection and treatment of cervical cancer?

The more sex, the higher the risk.

Ding Jingxin, deputy chief physician of Gynecology Department of Obstetrics and Gynecology Hospital affiliated to Fudan University, pointed out that the cause of cervical cancer has been clearly diagnosed, that is, HPV infection. The high incidence of cervical intraepithelial neoplasia (CIN) is 25-35 years old. Invasive cancer is 50-55 years old, and its incidence has a trend of younger in recent years.

25-35-year-old women are generally under great pressure. In addition, with the increase of age, their resistance gradually deteriorates, which reduces the ability to remove HPV virus. Once infected with HPV virus, it may cause persistent infection of the virus, and finally lead to precancerous lesions or cervical cancer.

In addition, early delivery, multiple pregnancy and prolificacy are closely related to the occurrence of cervical cancer, and smoking as a synergistic factor of HPV infection can increase the risk of cervical cancer.

In particular, it should be pointed out that the recognized causes of cervical cancer mainly include premature sexual intercourse (under 18 years old), HPV infection caused by multiple sexual partners, repeated uterine cervix operations, malnutrition and so on. It is understood that the rejuvenation of cancer is closely related to the early start of sexual life and the unclean process. The younger the age of first sexual intercourse, the more sexual partners and the more frequent sexual intercourse, the higher the incidence rate.

"This is because the cervical tissue cells of young girls are not fully developed, and their ability to resist diseases is poor. They are sensitive to external carcinogens and cancer-promoting substances and are easily stimulated by carcinogenic factors. After adulthood, the female reproductive defense system gradually matures, and then it begins to have normal disease resistance. If sexual intercourse is started when it is not mature, and the sexual partner is an HPV carrier, it is easy to infect HPV through sexual intercourse, and continuous infection induces cancer. " Dr. Ding Jingxin said. "For women, not having sex too early and reducing sexual partners may be a way to prevent cervical cancer. In addition, HPV vaccine can also be used to prevent diseases, and regular screening can also help patients achieve early detection and early treatment. "

Some studies have also pointed out that the sexual behavior of male partners is also closely related to cervical cancer. Comparing the characteristics of sexual behavior and other behaviors of spouses of cervical cancer and healthy women, and studying the role of men in the pathogenesis of cervical cancer, it is pointed out that the number of sexual partners of spouses of cervical cancer is far more than that of spouses of control group, and most of the spouses of cervical cancer have sexual history, such as genital herpes, gonorrhea and genital warts, while women whose spouses often use condoms have low risk of cervical cancer. In addition, it is also found that the risk of cervical cancer in men’s wives is 3-6 times higher than that in normal women.

"For a woman infected with HPV, her male partner may become a carrier of HPV virus. For new sexual partners, the use of condoms will reduce the chance of contracting the virus. " Dr. Ding Jingxin said.

How to prevent cervical cancer

Dr. Ding Jingxin said that every year, more than half of the outpatients with cervical cancer found that they had reached the middle and late stage, and lost the best treatment opportunity, which was life-threatening.

Cervical cancer is the most common gynecological malignant tumor. Cytological screening and HPV screening enable early detection and treatment of cervical cancer and precancerous lesions, which is of great significance to prevent cervical cancer.

So what are the symptoms of cervical cancer?

Vaginal bleeding: mostly contact bleeding, it can be irregular vaginal bleeding, or it can be manifested as prolonged menstrual period and increased menstrual flow; Elderly patients often suffer from irregular vaginal bleeding after menopause.

Vaginal drainage: most patients have vaginal drainage, the liquid is white or bloody, which can be as thin as water or rice, or has a foul smell.

Late symptoms: different secondary symptoms appear according to the extent of cancer involvement. When cancer oppresses or involves ureter, it can cause ureteral obstruction, hydronephrosis and uremia; There may be anemia, cachexia and other symptoms of systemic failure in the late stage.

How to screen cervical cancer? According to the 2016 ACOG Practice Guide No.157 on Cervical Cancer Screening and Prevention, cervical cancer screening is mainly based on liquid-based cytology screening TCT/LCT or HPV screening.

Cervical cancer screening should start at the age of 21. Single-line cytological screening for people aged 21-29, once every three years.

It is best for people aged 30-65 to have cytology and +HPV combined screening every five years. Cytological screening once every three years is acceptable.

Those who have enough negative screening results in the past and have no CIN2+ lesions should stop any kind of screening after the age of 65. Adequate negative screening results are defined as three consecutive cytological negative results or two consecutive combined negative screening results in the past 10 years, and the last screening is within 5 years.

Routine cytological screening and HPV detection should be terminated in patients who have undergone total hysterectomy and have no CIN2+ lesions in the past.

Women with CIN2, CIN3 or adenocarcinoma in situ should continue to be screened for 20 years after spontaneous regression of the lesion or proper treatment, even if the screening period will exceed 65 years.

For women aged 25 and above, the initial screening with the HPV detection method approved by FDA can be considered as an alternative to the current cytological screening method. Cytological screening alone and combined screening are still recommended measures in the guidelines of major professional associations. If HPV testing is used as a separate screening, it should follow the transition guidelines of American Society of Colposcopy and Cervical Pathology (ASCCP).

The risk of CIN in people whose cytology is ASC-US and HPV is negative (whether it is the follow-up HPV test or the combined HPV test) is lower, but it is slightly higher than that in people with negative combined screening. It is recommended to combine screening again after 3 years.

So as long as HPV infection is detected, does it mean that you will get cervical cancer? Dr. Ding Jingxin pointed out that it is best to make a virus typing for people infected with HPV. One quarter to one third of those infected with HPV16 may develop into cervical high intraepithelial neoplasia (HSIL) and cervical cancer within three years, and 10% of those infected with HPV18 may develop into cervical high intraepithelial neoplasia (HSIL) and cervical cancer within three years, while only 5% of those infected with other 12 viruses will be infected.

"Therefore, for those infected with HPV16 and 18 viruses, colposcopy should be done every year, and for other types of infected people, TCT screening can be done regularly." Dr. Ding Jingxin said, "It should be pointed out that women should not worry too much if they are infected with HPV. It takes 9-25 years to develop from HPV infection to cervical cancer. 70% ~ 80% of women will be infected with HPV in their lifetime. HPV can be eliminated by your own immune system. It is not terrible to be infected with HPV. Only the diagnosis of cervical intraepithelial neoplasia (CIN) and cervical cancer needs treatment. "

The best time for vaccination

Dr. Ding Jingxin pointed out that HPV vaccination is also a very important means for the prevention of cervical cancer. HPV vaccine is the first vaccine against tumor in the world. Because sexual transmission is the main route of HPV infection, the best time for HPV vaccination is before sexual intercourse.

"The World Health Organization recommends that the golden age of HPV vaccination is boys and girls aged 9-13 who have not started sex." Dr. Ding Jingxin said, "Women who have already had sex can also be vaccinated, but the protective effect of the vaccine may be discounted. There are many kinds of HPV viruses that cause cervical cancer. Even if you are vaccinated with HPV vaccine, you can’t completely prevent the occurrence of cervical cancer. Women who are vaccinated still need regular screening. "

Since its listing four years ago, it has accumulated more than 140,000 users, and its excellent product strength has been highly recognized by users. In order to fully meet the market demand, today’s long-axis version of PLUS was just launched in October, with a price range of 80,800-89,800. Compared with the previous models, the new car not only improved in space, but also further upgraded in power. So, specifically, what are the changes?

There are two models for home business to choose from.

PLUS is divided into maker version and IKEA version, of which maker version is mainly for business, while IKEA version is for home. In terms of appearance, the two models are different. First, on the air intake grille, the maker version on the left is two thick chrome-plated horizontal bars, and the visual shape looks very heavy.

On the right, there are three IKEA versions, and the shape is slimmer and looks younger and more refined. In addition, the two are all different in lighting, and the IKEA version has added a low beam lens and a new one than the maker version. Secondly, on the Internet, the IKEA version also integrates functions.

In terms of dimensions, the length, width and height of the IKEA version are 5145, 1765 and 1900mm, respectively, while the Maker version is 5075, 1765 and 1900 mm. Compared with the previous M3 version, the IKEA version has increased by 430mm, the Maker version has increased by 424mm, and both of them have increased by 300 mm.

On the other hand, both models are matched with Chaoyang RADIALRP26 series with specifications of 205/65R15. On the rim, the two models are also different. The IKEA version is equipped with petal-shaped aluminum alloy rims, which are very beautiful in shape, while the Maker version is equipped with steel rims, and the outer side is equipped with a silver rim cover. Although the shape is not as eye-catching as the IKEA version, it is practical, but it is also in line with its product positioning.

There is basically no difference between the square design of the rear end and the M3 ordinary version. The taillights are arranged longitudinally, all of which are halogen light sources, and there are four convenient and practical ones in the back.

PLUS adopts the torsion bar type independent front and the non-independent rear with strong bearing capacity.

The interior design is concise and practical.

In terms of interiors, PLUS adopts a black and gray color scheme, which looks warmer. The center is equipped with daily equipment such as radio, which is standard in all departments. The actual experience feedback of function buttons is clear, and the adjusting knob feels very good. The overall design and layout are reasonable, and you can do it blindly for a while.

The air outlet of the circular air conditioner is also chrome-plated, which adds a lot of points. The lower 5th gear lever is also integrated in the center console, which is convenient to use and also optimizes the spatial layout.

The double-circle display has a good effect and a large size, and it can read all kinds of vehicle data intuitively. A liquid crystal display screen is placed in the center, which can provide daily information such as display time,, and so on.

The front fabric seat supports manual adjustment in four directions, such as front and rear position and backrest angle, but it cannot be adjusted in height. However, there are handrails on the inside of the seat, which can relieve fatigue to some extent.

There are two cup holders in the center of the seat, and there is also a card slot, which is very convenient to place some fuel cards, high-speed pass cards, etc. At the back, there is an open storage compartment with anti-skid pads, which can be used to place items such as mobile phones without any problems.

Adopt electric lifting mode, and one side of the driver’s seat has a one-button lifting function.

Headlights with height adjustment, equipped with electric.

The rear row is equipped with an independent air outlet, a 12V power supply and a 5V2.4AUSB interface, and there is also a and at the bottom. The configuration is still very rich, which can fully take care of the comfort of the rear passengers.

The space advantage is obvious compared with the same class models.

Our car owners are a group of real businessmen, and their customers are mainly distributed in professional markets such as wholesale and retail, transportation, construction and fishery. In fact, this part of consumers’ demand for car purchase is the first choice for large space. Undoubtedly, larger space means that it can help them improve the efficiency of single transportation, and spend more time and earn more money while running fewer trips.

Therefore, the space aspect is a major advantage of PLUS. The whole vehicle reaches 3110mm, which is 300mm longer than that of the ordinary version, and the overall internal volume is increased by 0.9m3 compared with the ordinary version. The space has been fully optimized. For example, the second PLUS can be folded and hung directly, so that the loading space has been comprehensively improved compared with the models of the same class that are put down in proportion. The maximum depth from the front seat to the tailgate can reach 2870mm, the internal width is 1530mm, the internal height is 1295mm, and the maximum volume reaches 5685L L. At present, the largest sizes generally required in the building materials market are woodworking boards with a width of 1.2 meters and a length of 2.4 meters, as well as pipes and skirting lines with a length of 3 meters. These common building materials can be easily loaded by PLUS.

Thanks to the flexible space layout, the luggage compartment space of PLUS is excellent compared with its peers even when it is full of passengers. Taking cuboid cartons with length, width and height of 34 cm, 20cm and 20 cm respectively as reference objects, the luggage compartment space of PLUS can accommodate 7 cartons horizontally, 2 cartons vertically and 6 cartons vertically, which are arranged in double rows, and a total of 40 cartons can be placed in the whole rear luggage compartment. However, under the same horizontal and vertical space, cars of the same class can only accommodate one carton in the vertical direction and can only be arranged in a single row, and only 20 cartons can be placed in the trunk space. It is not difficult to see that the advantages of PLUS space are obvious compared with competing models.

1.8 liters meets the national six standards, and the Ministry of Industry and Information Technology is only 8.5 liters.

Of course, while the space is improved, the power performance and load-bearing performance of the PLUS vehicle have also been upgraded accordingly. In terms of power, the whole vehicle is equipped with a 1.8L naturally aspirated machine from Liuji, with 98kW(133Ps)/5600rpm and a peak torque of 182Nm/3600-4400rpm. Compared with the original M3 model, the power is increased by 12%.

This model adopts 8 holes, and the fuel atomization is good and low, and the Ministry of Industry and Information Technology is only 8.5L/100km, which meets the requirements of National Sixth. In terms of bearing capacity, the overall bearing capacity of the optimized axle of PLUS has increased by 25%, which can reach 1.5 tons. With the reinforced type with higher bearing capacity, it can meet the needs of users under different working conditions.

In the actual test drive experience, the first thing is that the driving position is relatively high and the vision is very broad. In terms of power, the brand-new 1.8 liter has a good power reserve at the start and mid-course acceleration, and the throttle is sensitive. You will feel the power output when you tap the throttle. When switching between different gears, it can always be in a better economic speed range. In terms of control, the steering wheel is equipped with electronic power, and the steering is still very easy.

The matching fifth gear shift is also very smooth, and you won’t feel very rough. There is no feeling of sloppiness in the shift, and the shift is very clear. The NVH of the whole vehicle has also been further improved. In the driving process, the noise inside the PLUS vehicle is less than that of the same class, and the driving comfort performance advantage of the whole vehicle is obvious.

Summary:

As a long-axis model, the advantage of the PLUS in space is still obvious. The performance of 3.1 meters is eye-catching, and more space can create more value for users. In terms of power, it has also been upgraded to 1.8L, and it also meets the requirements of National Six. Especially in terms of security, the whole department also comes standard with ABS+EBD, monitoring and early warning, stability system and other rich security configurations, which is quite kind. Combined with the price range of 8.08-8.98 million, there are basically no shortcomings in this car. PLUS products have suitable models to choose from for both home and business. I believe that with these advantages, it will also be favored by the majority of users, and the future market performance is worth looking forward to!

Editor: boundary

The article is provided by the author.

On September 6th, according to the previous statement of Tesla CEO Elon Musk, the company has recently officially raised the price of the fully automatic driving (FSD) package of the advanced driver assistance system to 15,000 US dollars (about 103,900 yuan).

According to foreign media reports, some people believe that this FSD system is not worth $15,000 at present. ; Although it costs $9,000 more than the enhanced version of Autopilot, users only have the opportunity to experience the latest beta version of FSD.

Over the years, Musk has always said that with the continuous improvement of the functions of the FSD system, the car will eventually be fully autonomous. Tesla will also gradually increase the price of this system.

. Although the test has been carried out for two years, there is still a long way to go to realize the full automatic driving of the car.

From a technical point of view, the FSD system can run in most traffic environments, including crossing intersections, but the responsibility for driving still lies with the driver, who still needs to keep his attention and be ready to take over control at any time. The industry believes that the most important step for companies developing autonomous driving systems to achieve this goal is to be willing to assume the driving responsibility under the activation of the system.

Tesla has made it clear that this cannot be done. The company sent a series of warnings to users who participated in the FSD Beta test, clearly indicating that the driving responsibility still lies with the driver.

Tesla believes that every update of the FSD system means a step closer to the goal of fully autonomous driving, and that some of these updates are worthy of raising the overall price of the system.

Last month, Musk also reported that Tesla would increase the system price from $12,000 to $15,000 as the company launched the beta version of FSD Beta 10.69 on a larger scale.

On Monday, Tesla updated the price information of FSD on the vehicle customization page in official website-by $3,000-but did not include more new features. There are more words such as "coming online" and "automatic turning on urban roads" in the description of the page, which is still in the testing stage open to invited users, and it is not much different from the previous routine update.

source map

If the user already owns Tesla’s enhanced Autopilot system, there is nothing new except the opportunity to experience the latest beta FSD, and the test experience itself is not a reward.

Musk has made it clear that the value of a fully autonomous driving system far exceeds $15,000. He said that the price would continue to rise. In fact, the initial price of the FSD system was only $6,000. Now, what you buy with an extra $9,000 is not what users really want, but that you can bet on Tesla to provide real automatic driving function in the future, and you can start at a lower price.

However, it is not clear how Tesla can develop the beta FSD into a safe autopilot system that is willing to take responsibility.

　　CCTV News:Recently, the Protection Administration of Old Town of Lijiang, Yunnan Province issued the Interim Measures for the Administration of Access and Exit of Market Operation Projects in Dayan Ancient City of Lijiang, which came into effect on April 1, 2019 and was valid until March 31, 2022. The method clarifies the Negative List of Business Projects in Old Town of Lijiang, which is divided into two categories: restricted access category and prohibited access category (timely adjustment).

　　There are seven categories of restricted access projects that are not allowed to operate, including catering, tambourines, bars, jewelry, jade, jade, beeswax, amber, farmers’ markets, tea bars, cosmetics and so on. Prohibited access categories include open-flame barbecue, dance halls, Internet cafes, digital products, sauna massage, beauty salons, modern clothing sales and other 16 categories.

　　CCTV reporter learned from Old Town of Lijiang Protection Administration that the business projects discouraged in the measures will be strictly controlled and will not be approved in principle. Operators who have already obtained the Access Certificate for World Cultural Heritage Old Town of Lijiang Business Projects or the Permit for Old Town of Lijiang Business in Scenic Areas will gradually reduce their scale and quantity according to regulations, and gradually guide them to switch to business. For the business projects prohibited in the measures, if they have existed before the implementation of these measures but have not been transferred to the business in time, the ancient city protection and management institutions and relevant industry departments will jointly guide them to transfer to the business or withdraw from the business in the ancient city.

　　The measures also pointed out that operators engaged in business activities in the area of Dayan Ancient City in Lijiang are strictly prohibited from taking unfair means to compete for tourists and soliciting customers, slaughtering customers, bullying customers and other illegal acts that disrupt the tourism order and business order of the ancient city. In addition, this method also clarifies the decoration style of business premises in the ancient city, including that the pattern and style of shops must follow the basic form of traditional commercial shops in Old Town of Lijiang, and the traditional architectural style must not be destroyed when the original dwellings are repaired.

　　(CCTV reporter Jiang Houbo Qin Fen)

　 　 Special feature of 1905 film network After that, Xu Haofeng was spread more and more. The media is eager for legend, and peers are looking forward to performance. In addition to the common names such as writer, director and martial arts instructor, rumors have claimed that this college teacher has become the head of a certain sect. However, just as he and the famous "academic" directors in recent years can’t be easily classified into the ranks of China directors divided by generations, Xu Haofeng and his films can’t simply be classified as traditional martial arts films. This made Xu Haofeng embark on a completely different road from the previous martial arts movies since he made his debut in 2012. And to this part, not only is the master passing by, but you can almost see the entrance of the school.

　

　 　 Record companies always advertise newcomers with the banner that "no one has ever sung like him". This sentence can also be used in Xu Haofeng’s name: no one has ever made a martial arts movie like him. It is precisely his strength and fortune to break the wind direction led by Hong Kong for a long time. Nowadays, the brand of the new school of martial arts can definitely afford to make movies by taking moves from oral instruction.

　

　 　 The film has been in China for 110 years, and the martial arts film has a history of 87 years. Since the first martial arts film, most chivalrous swordsmen wear Peking Opera bunt and follow the routine of Wusheng peking opera blues. What did the ancients wear? It was not until two great directors, Li Hanxiang and Hu Jinquan, that the film circle became addicted to textual research, and gradually took off their costumes and embarked on the road of life. However, the improvement of martial arts drama is not so easy, and Hong Kong people carry forward the title of "martial arts director" to shoot action scenes instead of directors.

　

　 　 Although there is no martial arts in the Hong Kong martial arts circle, Liu Jialiang, the famous director, is a direct descendant of Hongquan. However, the mainstream still belongs to Cheng Xiaodong and Yuan Heping, who have a background in Peking Opera, and Jackie Chan and Sammo Hung, members of the "Seven Little Happiness" from the troupe. These martial arts refers to the "monopoly" of Hong Kong martial arts films, which makes the action scenes more and more dazzling, in order to highly purify the word entertainment. It made the martial arts films develop into the 90′ s full of gods and buddhas. The action styles they created also spread from Hong Kong to Greater China and even Hollywood. After the new millennium, Zhang Yimou is still the remnant of Xiangjiang River, which is a trick and a half, and all of them eat the old money accumulated over the years. This year, Chen Kaige remake a novel from Xu Haofeng, and the martial arts instructor still invited Ku Huen Chiu from Yuan Jiaban, playing the same trick as Stephen Chow 10 years ago. Therefore, the appearance of Xu Haofeng and his films is just to get rid of the action design of Hong Kong martial arts films and return kung fu to Wulin. This year’s Golden Horse Best Action Design Award of Master is absolutely justified.

　

　 　 In Master, Liao Fan, the hero, played Wing Chun. In the Republic of China, Tianjin was mixed with foreign countries, and the kinds of boxing flourished; Wing Chun is just a small boxing in the north, and there are a lot of local sects in Tianjin in the story. Xu Haofeng is a practitioner. Although he has never played Wing Chun, his cooperation with Wong Kar-wai has made him know many Wing Chun masters. The rest of the boxing and even the sword and halberd have the director’s own textual research results for many years. With this foundation, "Master" can be described as full of confidence. In addition to fists and fists, weapons are another highlight in Master. In the street fighting at the end of the film, Liao Fan held an eight-blade wing chun weapon, and all the tricks and styles he made were also verified by Xu Haofeng from the previous generation. Xu Haofeng didn’t design any fancy and unpractical lens, but Liao Fan’s intention in the movie was to preach the knife method, which sounded like what Xu Haofeng himself wanted to say to you: I showed all my moves, and how much I took depends on the individual.

　

　 　 The implication of dialogue is another feature of Xu Haofeng. With his participation, the script of "A Generation of Masters" was once eloquent. The words in "Master" are divided into three parts, which is the same as the rhythm of the film, and it is also integrated with the style of Xu Haofeng’s novels. The film relies on the original work, so it is extremely literary. In the first half of the film, Master Chen Shi, played by Liao Fan, got acquainted with Tianjin Wuxingtou brand, and Zheng Shanao, played by Jin Shijie, was intended to make a name for himself. Although Zheng Shanao fully assisted, he also intended to use Chen Zhifeng to retire. After the relationship between this group of characters is abstract, it is the template of the so-called borrowing people to ascend to heaven and becomes a skeleton in the literary sense. Filled with flesh and blood, it is only in the moments when the director is most ruthless that the wound is torn open, so that you can see what the bones and muscles that support the flesh look like. From this perspective, the martial arts action scene is only the first layer of the film, and it is also the most eye-catching commercial element; The helpless sigh for the lost years is the second obvious layer, while the core refers to the interaction between people in any society. The inherent richness and ambiguity of the film also makes Master surpass the previous martial arts films and appear more authentically.

　

　 　 In addition to the literary significance of Master, Xu Haofeng still wants to make sense out of things, saying "rules", the two most beautiful words in the film. In Zheng Shanao’s mouth, the rules were established by ancestors and handed down by the people; In the eyes of curator Zou, played by Jiang Wenli, rules are just the game of those in power. The confrontation between these two logics is precisely the confrontation between the old and the new in this era of the Republic of China. Fame in World War I is only the plot in the story. From the first movie, Xu Haofeng tried to put the truth he believed in into the characters. However, this only created a thousand people’s side in The Trail of the Enemy. It was not until this "Master" that martial arts became successful, with the times as the skin and the characters as the bones.

　

　 　 Therefore, Master, as a martial arts film, is unique in two aspects, one is the innovation of action design, and the other is the significance of martial arts film as a genre film. These two layers coexist and grow together, and they are both inside and outside each other. In the film reviews he once wrote, Xu Haofeng himself wrote that the fear of certain things supports a genre film, while the martial arts film should be the fear of modern guns. Xu Haofeng abandoned Weiya and body double and told such a story in the Republic of China, which was precisely the practice of his own theory.

　

　 　 In the film, Liao Fan uploads his fist to the north alone, comes from nowhere, and leaves with an unknown surname, leaving only the street legends of his disciples who fought in eight martial arts schools in Tianjin. In reality, Xu Haofeng’s "Master" is actually a real northern fist going south, and the ability to settle down has been revealed, which won the Golden Horse Award. However, for Xu Haofeng, it is still famous and has not yet been established. To be a great master, it is necessary to shine a light on future generations. Therefore, people can’t help but expect that Xu Haofeng’s skill will eventually be learned by what kind of latecomers.

CCTV News:Today (December 22nd), a series of exciting news about economy, finance and engineering construction were announced, involving China’s fiscal policy, RMB deposit interest rate, renovation of old residential areas, food security and many other aspects. A series of "hard core" measures have been introduced intensively, and China’s economy is stable and confident.

Data on China’s economic vitality

Lan Foan, Minister of Finance, said at the National Financial Work Conference that in 2024, it is necessary to strengthen the countercyclical and cross-cyclical adjustment of macro policies, continue to implement a proactive fiscal policy, moderately increase efforts, improve quality and increase efficiency. In terms of "moderate afterburner", we will maintain an appropriate expenditure intensity and release a positive signal next year.

Five major commercial banks cut interest rates on RMB deposits

Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications announced that they would lower the listing interest rate of RMB deposits from today. Including call deposit, lump-sum deposit and withdrawal, lump-sum deposit and withdrawal, deposit and withdrawal of interest, etc. Among them, the three-month, six-month and one-year time deposits were lowered by 0.1 percentage point, the two-year time deposits were lowered by 0.2 percentage point, and the three-year and five-year time deposits were lowered by 0.25 percentage point.

Shanghai Customs: Shanghai’s total foreign trade value reached a new high in the first 11 months.

In the first 11 months of this year, Shanghai’s total import and export value reached 3.86 trillion yuan, a year-on-year increase of 1.2%, a record high. Among them, exports were 1.59 trillion yuan, an increase of 1.7%; Imports reached 2.27 trillion yuan, up by 0.8%. Shanghai’s integrated circuit field is showing a booming trend of import and export.

In the first 11 months, China’s foreign non-financial direct investment increased by 18.4% year-on-year

1— In November, China’s foreign non-financial direct investment was 814.54 billion yuan, up 18.4% year-on-year. Among them, the non-financial direct investment of Chinese enterprises in building the "Belt and Road" countries was 201.17 billion yuan, a year-on-year increase of 26.8%.

The overall development plan of two cooperation zones in Hengqin Qianhai was released.

Yesterday, the Overall Development Plan of Hengqin Guangdong-Macao Deep Cooperation Zone and the Overall Development Plan of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone were released. According to the overall plan, Hengqin Cooperation Zone should build a new high-level open system integrated with Macao, and constantly improve the new system of Guangdong-Macao cooperation, joint construction, joint management and sharing. Qianhai plays a greater role in deepening Shenzhen-Hong Kong cooperation, supporting Hong Kong’s economic and social development and participating in international cooperation at a high level.

People’s livelihood and well-being

By November, 53,000 old residential areas had been newly renovated.

This year, all localities promoted urban renewal in an orderly manner, and newly started to renovate 53,000 old urban communities. By the end of November, about 66,000 urban renewal projects had been implemented nationwide. Among them, 53,000 old urban communities were newly renovated, benefiting 8.82 million households; Install 32,000 elevators, add 746,000 parking spaces, and add 14,000 community service facilities such as old-age care and nursery; The transformation of urban gas and other pipelines is about 100,000 kilometers.

Engineering construction

Closure of the World’s Largest Span Steel Truss Arch Bridge for Highway and Railway

Today, the Tianxingzhou Waterway Bridge of Changtai Yangtze River Bridge is closed, and the main span of the Waterway Bridge is 388 meters, which is the largest span steel truss arch bridge in the world. Changtai Yangtze River Bridge, with a total length of 10.03 kilometers, connects Changzhou and Taizhou, Jiangsu Province. It is the world’s first river-crossing passage integrating expressways, intercity railways and ordinary highways, and it is planned to be completed in the first half of 2025.

Reconstruction and expansion project of Beijing-Tianjin-Tangshan Expressway (Tianjin section) started.

Beijing-Tianjin-Tangshan Expressway was opened to traffic in September 1993, which is an important traffic trunk line connecting Beijing, Hebei and Tianjin. At the same time, as the starting point of G2 Beijing-Shanghai Expressway, it is also known as the "golden channel" in Beijing-Tianjin-Hebei region. As an important traffic trunk line between Beijing, Tianjin and Hebei, the reconstruction and expansion project of Beijing-Tianjin-Tangshan Expressway (Tianjin section) was officially launched today, and the reconstruction and expansion period is expected to be three years.

Energy supply guarantee

The total installed capacity of renewable energy in China accounts for more than 50% of the total installed capacity of power generation.

In 2023, China’s energy security and stable supply capacity will be steadily enhanced, and the pace of energy green and low-carbon transformation will be accelerated. The total installed capacity of renewable energy continuously exceeded 1.3 billion and 1.4 billion during the year, reaching 1.45 billion kilowatts, accounting for more than 50% of the total installed capacity of power generation in China; Renewable energy generates 3 trillion kWh of electricity, accounting for about one-third of the electricity consumption of the whole society, and has become a new force to ensure power supply. In 2023, the total installed capacity of electricity reached 2.9 billion kilowatts, a year-on-year increase of 12.9%. Among them, the total installed capacity of scenery has exceeded 1 billion kilowatts, and its main position in the newly installed power has been further consolidated.

Daguo granary

Heilongjiang grain production has achieved "20 consecutive bumper harvests"

According to the data of grain output released by the National Bureau of Statistics in 2023, the grain production in Heilongjiang Province has achieved "20 consecutive harvests" with a total output of 155.764 billion Jin. Now, the grain storage and processing enterprises in all parts of Heilongjiang are working at full speed to speed up the acquisition. Up to now, Heilongjiang has acquired 48.94 billion Jin of new grain.