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　　Looking back on the past 2019, compared with the 5% and 6% yields of wealth management products in the past few years, everyone is inevitably disappointed. In the past year, after experiencing the decline in the yields of various "baby" money funds and the continued decline in the yields of bank wealth management products, it seems that the interest rates of various low-risk wealth management products are falling, which also makes us more confused — — In 2020, how should we manage our finances?

　　See the global economic trend clearly

　　With the global economy in a state of fatigue, the era of negative interest rates has arrived.

　　Negative interest rate means that the bank lends money to the lender, and the lender pays back less than the borrowed money, and the deposit interest rate may also be negative. The money in the bank not only has no interest, but may even shrink gradually.

　　As of 2019, many countries around the world have implemented or are implementing zero interest rates or negative interest rates. For example, the economies that have implemented and still maintain negative interest rates include Japan, Denmark, Switzerland, Sweden, etc., and the low interest rate economies that have briefly implemented near "zero" include the United States and the United Kingdom.

　　In August 2019, Denmark’s third largest bank — — Jutland Bank launched the world’s first mortgage loan with negative interest rate, with a mortgage interest rate of negative 0.5%. Germany even successfully sold the national debt with a scale of 824 million euros and a maturity of up to 30 years at a negative yield.

　　Some people may say, what does negative interest rate have to do with our financial management?

　　Investment and financial management must first see the general trend clearly. If the global economy is further plunged into negative interest rates and low interest rates, then financial management also needs to be "long-term", and it needs to take five or even ten years as a cycle to consider what to invest and how to invest. After all, in the context of the global economic downturn and falling interest rates, it means that the products worth investing are decreasing, and the rate of return on investment is also declining, which is closely related to our "money bag".

　　From a global perspective, the decline in interest rates is still the general trend. Since 2019, more than 30 central banks around the world have announced interest rate cuts, not only in developed economies, but also in emerging economies such as Russia, India, Indonesia, Turkey and Brazil. In August 2019, the Swiss bank announced that it would levy an annual fee on deposits of more than 500,000 euros, which is regarded as a negative interest rate in disguise. Large amounts of funds deposited in banks not only have no interest, but may gradually shrink.

　　Looking forward to 2020, the situation is still not optimistic. According to the data of the International Monetary Fund (IMF), the global economic growth rate dropped from 3.6% in 2018 to 3.0% in 2019, setting the lowest level of global economic growth in 10 years. The IMF predicts that by 2020, global economic growth will improve slightly, with a growth rate of 3.4%, which has been lowered by 0.2 percentage points compared with April 2019.

　　Compared with the major economies in the world, China’s current interest rate level is still high. Zhou Xiaochuan, the former governor of the central bank, recently said at the "Innovation Economic Forum" that there were two lessons from the international financial crisis in 2008, one was a bubble, and the other was a low interest rate in a low inflation environment. "Our interest rate is not as low as that of western countries, and there is still room to deal with economic problems, so we should try our best to avoid entering the era of negative interest rates quickly."

　　Pay more attention to "hard core" assets

　　In 2019, although our wealth management income is declining, from a global perspective, the return on RMB assets is already "outstanding" in low-risk investment varieties. Financial management also needs to adjust the mentality and be steady.

　　Since 2019, the chill of bank wealth management products has gradually emerged, and the yield has continued to fall. Relevant statistics show that from January to November 2019, the average expected rate of return on bank wealth management products fell from 4.31% to 3.98%.

　　At the end of the year and the beginning of the year, although the income of "baby" money funds has increased, most of them still stay in the "2" era. As of December 30, 2019, the average 7-day annualized rate of return of all-market money funds rose above 2.5%. Among the 629 monetary funds that can be counted, 136 monetary funds have an annualized rate of return of more than 3% on the 7 th, and 479 monetary funds have a rate of return of around 2.5%.

　　Even if the rate of return on financial management is lower, from a global perspective, RMB assets are the "fragrant buns" of the world. With the interest rate cuts of major economies in the world, the spread between China and foreign countries has expanded to a historical high level, which has greatly increased the attractiveness of RMB assets, such as RMB bonds, to overseas institutional investors. At present, the interest rates of 10-year and 30-year sovereign bonds in Germany have been negative. In contrast, the interest rate of RMB bonds for 10 years is around 3.2%, while that of US dollar bonds is less than 2%.

　　Therefore, although it is not comparable to the rate of return in the past few years, horizontally, China’s wealth management products are still very attractive. Moreover, in the current global economic downturn and increasing uncertainty, the primary goal of investment and financial management should be to ensure the safety of principal.

　　"For investors, making quick money is no longer so easy, the risks are getting bigger and bigger, and there are more and more pits." For example, Guan Qingyou, president of the Financial Research Institute, believes that in this context, we still need to pay more attention to "hard core" assets. "Hard-core" assets have four obvious characteristics, such as real value, relative scarcity, relative safety and better liquidity.

　　Guan Qingyou said that the first one is value. Simply put, it is "useful" to people. A hard-core company must be able to create profits and have a high return on equity. For example, a "hard core" house must have the value of living and living; The second characteristic is scarcity. Things are rare, the scarcer they are, the harder it is to be copied, and the more valuable it is; The third is security. High yield means high risk. Don’t touch the "rose with thorns". Guo Shuqing, chairman of China Banking and Insurance Regulatory Commission, once said, "If the yield exceeds 6%, it will be in doubt; if it exceeds 8%, it will be dangerous; if it exceeds 10%, it will be prepared to lose all the principal". Be wary of high-yield wealth management products.

　　The last one is liquidity. Guan Qingyou believes that such assets should not be too small, and it is best to be needed and recognized by most people. In the financial downturn, the worse the liquidity of assets with too little demand, the more difficult it is to reflect their value.

　　Turn to long-term investment

　　What you didn’t like in the past may be the best financial choice now.

　　Assets with relatively high returns and sustainable investment are the best choice for ordinary individual investors. For risk-averse investors, it is a good choice to buy government bonds or simply deposit them in the bank for a fixed period.

　　At present, the annual interest rate of 3-year treasury bonds is around 4%, and the 5-year interest rate is around 4.27%. The interest rate of 3-year fixed deposits is also above 4%, and that of 5-year fixed deposits, especially small banks, can reach above 4.8%. In the period when interest rates are expected to rise, buying longer-term treasury bonds or fixed deposits may be a choice with higher returns and lower risks. If you think that these two kinds of liquidity are not good and you can’t take them at any time, then you can also consider products such as transferable certificates of deposit introduced by banks, but they have a certain threshold, generally starting from 200,000 yuan. If you need money before it expires, you can transfer it through the bank’s platform, which is relatively more liquid.

　　4% interest rate is not high compared with the past, but we must know that in those economies that have fallen into negative interest rates, it is very difficult to find investment products with a yield of more than 2% and stable income. If you can maintain a steady income, even if you buy a "basic" deposit product and reinvest the interest earned, the long-term return brought by "rolling interest" is very considerable.

　　Another popular product in 2019 is gold. Gold is considered as a safe-haven asset, so when the economy goes down, increasing gold holdings is the first choice.

　　At the end of 2019, the "spring" of the stock market appeared, and the Shanghai Composite Index stood above 3,000 points. At present, the expectations of all parties for the stock market in spring are rising. In this context, for individual investors who don’t care about bank wealth management and time deposit returns, if they want to invest in the stock market, they will not choose individual stocks, then in 2020, investing in index funds is also worth trying.

　　In 2020, investment still needs to be stable.

Wow ~ Have you heard of this super violent story? An original humble young man actually hit a wall in the TV hosting competition, but he finally got the recognition of the TV variety channel and became a high-profile variety host by his constant struggle! Yes, he is the new host who has been hot recently-Xu Bin. He used to be an ordinary gamer, but now he has become the darling of TV variety channels. Yes, in the program "Culture Ten" you watched, he appeared frequently, which took the program to a new height.

Maybe you don’t know much about him, but in the recent TV stage, he shines brightly! Many deputies praised his performance. They feel that the TV stage has successfully integrated Chinese excellent traditional culture and modern elements perfectly, showing the elegance of the new era and showing our self-confidence and self-improvement.

However, the new host is not always smooth sailing. He once ran into a wall in the host contest, but with his own talent and hard work, he came to today step by step. Now, his performance in the program "Culture Ten" is really dazzling, and he has the charm of hosting.

When it comes to his performance, we can’t help but mention his stability and fashion. Compared with the previous childish beauty, he is more calm and fashionable now. He is handsome and full of gas, wearing a double-breasted suit, which is simply the standard for variety show hosts!

Recently, the ratings of "Culture Ten" have also been rising continuously, which is inseparable from the new indoor dance design and the participation of Xu Bin. The content and form of the program have been upgraded in all directions, which is more in line with the taste of the audience and the trend of the times.

If you are interested in this story, you may also find that success is not out of reach. As long as you are willing to work hard, there is always a bright road that suits you! So, let’s cheer for this new host and look forward to his more brilliant performance in the future!

The place where TV is filmed may also be the place where dreams and reality meet. In Hengdian Film and Television City, there are countless dreams and opportunities, just like the intersection of reality and dreams. Here, young people gather together with their love and pursuit of performing arts, hoping to realize their feats in film and television dramas through repeated opportunities.

However, behind Hengdian Film and Television City, it is tense and busy. As more and more crews are located here, the demand for actors is gradually increasing. As a group performance, their daily salary has also risen, reaching more than 100 yuan, which reflects the relationship between supply and demand in the actor market to some extent. According to the person in charge of the Actors’ Union, although the number of registered actors in Hengdian Film and Television City is as high as 130,000, with the growth of the demand of the crew, the gap of future actors may become bigger and bigger.

Interestingly, Hengdian Studios also attracted many elites from other industries. For example, Dong Shuzhi, the founder of Shanghai Finance Company, achieved financial freedom in Hengdian and became an actor. Such stories abound, showing the charm and attraction of the performing arts.

The prosperity of the film and television market is closely related to the popularity of short plays. The production cycle of miniseries is short and the investment is small, but the return is quite rich. This low-cost and high-return model attracts more producers and investors, and also provides more opportunities for actors to exercise. However, with the growing demand for filming, the shortage of excellent actors has become more and more prominent, which also plans the reality that the actors’ union must take a series of measures to deal with it.

Reporter | Jun Tang

Recently, a 23-year-old girl jumped to her death while renting a cargo pull van, pushing the cargo pull platform to the forefront.

Cargo Lala is the head enterprise in the field of freight transportation in the same city. Many people rent cars through cargo Lala when moving or transporting large items. Although the cargo Lala provides truck rental service, in order to look after the goods and facilitate travel, the owner usually follows the car to the destination, and the cargo Lala also provides the option of following the car on the order page. There are even some consumers who can’t get a taxi online during the rush hour, and they will ask the cargo girl to send themselves to their destination, and jokingly call "goods are people."

According to the Road Traffic Safety Law, freight motor vehicles are prohibited from carrying passengers. Then, can vehicles that provide freight services through the cargo pull platform carry people when transporting goods? If there is an accident that harms personal safety during transportation, should the cargo pulling platform bear the responsibility?

On this issue, the interface journalist left a message on the website of the Ministry of Transport as a public. The Ministry of Communications replied: The Road Traffic Safety Law stipulates that freight motor vehicles are prohibited from carrying passengers; If a freight motor vehicle needs to carry operators, it shall set up safety measures to protect the operators.

In other words, as an attached operator, you can take a freight vehicle, but the definition of an attached operator is not clear.

Regarding the stipulation that "freight motor vehicles are prohibited from carrying passengers", the interface journalist also consulted the public security traffic control department. The staff said that whether the truck carries passengers depends on whether the passenger fee is charged. If no fee is charged, it is not illegal to carry passengers, as long as it is not overloaded.

Consumers only need to pay the freight when placing an order at the cargo terminal, and there is no extra charge for following the car. From this point of view, the cargo pulling platform and drivers did not provide passenger service, so it is theoretically not illegal for trucks to carry passengers. However, if consumers don’t need to transport goods, they just use the cargo trolley as a network car, which violates the regulation of "no cargo motor vehicles carrying passengers".

It should be noted that if there is an accident that hurts personal safety during driving, consumers will not be able to get insurance compensation.

According to the requirements of the Regulations on Road Transportation, passenger transport operators should take out carrier liability insurance for passengers, so all passenger transport services, including online car service, will theoretically buy insurance for passengers. Freight vehicles do not need to buy such insurance because they do not carry passengers.

Interface news learned from the customer service office of cargo Lala that the cargo Lala platform did not buy insurance for the car followers, so unless the driver or consumer buys additional insurance himself, it is impossible to get compensation for the accident.

There have been precedents for how to divide the responsibilities of all parties in the event of an accident on the way between the shipper and the truck.

According to a judgment issued by China Judgment Document Network on December 31, 2020, in November 2018, the consumer Wang Long hired a cargo truck to deliver goods, and a traffic accident occurred on the way with the car because the driver did not drive properly, which caused Wang Long to be injured.

The transportation department decided that the driver of the cargo truck should be fully responsible for the accident, so Wang Long asked the cargo truck company to bear joint and several liability for compensation.

There are two main points of controversy in this case. First, what kind of legal relationship is formed between the cargo girl and the driver; The second is whether the cargo Lala should bear legal responsibility for the personal injury suffered by Wang lung on the way to the car.

Regarding the relationship between the platform and the driver, Wang Long advocated that the platform is the operator of freight behavior, while the court held that the cargo lesbian is only the intermediary service provider of cargo transportation information.

With regard to the liability of the platform, the court held that the possibility of the operator accompanying the vehicle could not be ruled out in freight transportation, and the vehicle attendant had the right to claim relevant compensation from the platform.

In this case, the driver did not have the corresponding freight business qualification and vehicle operation license. The E-commerce Law of the People’s Republic of China stipulates that the operators of e-commerce platforms have failed to fulfill the obligation to review the qualifications of the operators in the platforms, or have failed to fulfill the obligation to ensure the safety of consumers, causing damage to consumers, and shall bear corresponding responsibilities according to law.

The court held that the cargo pulling company should bear supplementary responsibility for the personal injury of the car-follower because it violated the obligations of good faith intermediation and reporting, and failed to fulfill the obligations of safety guarantee and qualification examination.

Supplementary liability means that when the property of the responsible person is insufficient, the relevant person or unit will make supplementary commitment. In this case, the main responsible person is the driver, and the court ruled that the cargo girl should bear 50% of the driver’s unpaid obligations as a supplementary responsibility.

Since 2019, ordinary freight vehicles with a total mass of 4.5 tons or less no longer need the general freight qualification certificate and vehicle operation certificate, and the platform no longer needs to review the qualifications of these vehicles and personnel. However, for trucks over 4.5 tons, they still need professional qualifications to register.

The incident of "a woman jumping to death by a cargo girl" uncovered not only the management loopholes of the cargo girl, but also the safety problems of the whole freight industry in the same city.

It is inevitable to follow the car. At present, the cargo girl has put forward rectification measures, including increasing mandatory recording and expanding the deployment of safety equipment. The effect needs further observation. Other freight companies in the same city should also check for leaks and fill gaps to avoid similar security incidents from happening again.

Respond positively in many places!

The People’s Bank of China has decided to reduce the interest rate of individual housing provident fund loans by 0.25 percentage point from May 18, 2024, and adjust the interest rates of the first set of individual housing provident fund loans for less than five years (including five years) and more than five years to 2.35% and 2.85% respectively, and the interest rates of the second set of individual housing provident fund loans for less than five years (including five years) and more than five years to not less than 2.775% and 3.325% respectively.

The Securities Times reporter found that after the central bank’s policy was released, housing provident fund centers in Beijing, Shanghai, Shenzhen, Guangzhou, Dongguan, Zhongshan, Jiangmen, Shantou, Suzhou, Hefei, Nanjing, Chengdu, Chongqing, Changsha, Zhengzhou and Hubei responded positively and lowered the interest rate of provident fund loans.

How much can lenders save after the interest rate is lowered this time? Take the first personal housing loan of housing provident fund with a term of 30 years as an example. If the repayment method of principal and interest is equal, the monthly payment will be reduced from 4,270.16 yuan to 41,355.57 yuan, a decrease of about 135 yuan, and the total interest expense will be reduced by 48,500 yuan.

The relevant person in charge of the Housing Provident Fund Supervision Department of the Ministry of Housing and Urban-Rural Development said that the most direct beneficiary is the housing provident fund lender. The Ministry of Housing and Urban-Rural Development will guide the urban housing provident fund management center to do a good job of policy convergence in accordance with regulations to ensure that depositors can enjoy preferential policies at the first time.

Guangdong lowered the interest rate of provident fund loans in many places.

On May 18th, Shenzhen Housing Provident Fund Management Center issued a document saying that the loan interest rate of Shenzhen housing provident fund was lowered. Article 23 of the Regulations on the Administration of Housing Provident Fund Loans in Shenzhen stipulates that after the issuance of provident fund loans, if the national provident fund loan interest rate is adjusted, the provident fund center shall adjust the loan interest rate quarterly. For individual housing provident fund loans issued in Shenzhen before May 18, 2024, the adjusted interest rate will be implemented from July 1, 2024. Personal housing provident fund loans that were applied for before May 18, 2024 but not issued, and personal housing provident fund loans that were applied for after May 18, 2024 (inclusive) shall be subject to the adjusted interest rate.

Guangzhou Housing Provident Fund Management Center announced on May 17 that since May 18, 2024, the interest rate of individual housing provident fund loans will be lowered by 0.25 percentage point, and the interest rates of the first set of individual housing provident fund loans for less than five years (including five years) and more than five years will be adjusted to 2.35% and 2.85% respectively, and the interest rates of the second set of individual housing provident fund loans for less than five years (including five years) and more than five years will be adjusted to not less than 2.775% and 3 respectively. For personal housing provident fund loans issued from May 18, 2024, the new interest rate will be implemented; For individual housing provident fund loans issued before May 18, 2024, the new interest rate will be implemented from January 1, 2025 according to the loan contract.

The Dongguan Housing Provident Fund Management Center also issued a notice on May 17, 2024, and individual housing provident fund loans issued after May 18 (inclusive) will be implemented at the adjusted new interest rate. The outstanding individual housing provident fund loans issued before May 18, 2024 will be implemented at the adjusted new interest rate from January 1, 2025.

Jiangmen City issued a notice. According to the Notice of the People’s Bank of China on Lowering the Interest Rate of Individual Housing Provident Fund Loans on May 17, 2024, the interest rate of individual housing provident fund loans in Jiangmen City will be adjusted as follows from May 18, 2024:

Interest rate of the first individual housing provident fund loan. For less than 5 years (including 5 years), it will be reduced from 2.6% to 2.35%, and for more than 5 years, it will be reduced from 3.1% to 2.85%.

The second set of personal housing provident fund loan interest rate. For less than 5 years (including 5 years), it will be reduced from 3.025% to 2.775%, and for more than 5 years, it will be reduced from 3.575% to 3.325%.

For individual housing provident fund loans issued before May 18, 2024, the new loan interest rate will be implemented from January 1, 2025.

Shantou Housing Provident Fund Management Center issued a notice on lowering the interest rate of individual housing provident fund loans, which proposed that individual housing provident fund loans issued after May 18, 2024 (including housing provident fund loans accepted but not released before May 18, 2024) should be implemented at a new interest rate of 2.35% for the first suite according to the interest rate of less than 5 years (including 5 years) and 2.85% for the interest rate of more than 5 years; The second suite is subject to the new interest rate of 2.775% for less than 5 years (including 5 years) and 3.325% for more than 5 years. For individual housing provident fund loans (including provident fund loans in discount loans) that have been lent before May 18, 2024, the new interest rate will be implemented from January 1, 2025.

According to the news released by Zhongshan, the adjusted interest rate will be implemented from January 1, 2025 for individual housing provident fund loans that have been issued before May 18, 2024. For individual housing provident fund loans that were applied for before May 18, 2024 but not issued, the adjusted interest rate of individual housing provident fund loans shall be implemented. Personal housing provident fund loans applied after May 18, 2024 shall be implemented according to the adjusted interest rate.

Beijing, Shanghai and other places are also lowered.

On May 18th, WeChat official account, the Shanghai Provident Fund, issued a notice on adjusting the loan interest rate of individual housing provident fund in this city. According to the decision of the People’s Bank of China, starting from May 18th, 2024, the loan interest rates of the first set of individual housing provident fund for less than five years (including five years) and more than five years were lowered to 2.35% and 2.85% respectively, and the loan interest rates of the second set of individual housing provident fund for less than five years (including five years) and more than five years were lowered to 2.775% and 2% respectively. The adjusted interest rate for loans issued after May 18, 2024 (inclusive); For loans issued before May 18, 2024, if the loan term is one year, the original loan contract interest rate will be implemented, and if the loan term is more than one year, the adjusted interest rate will be implemented from January 1, 2025.

According to Hubei Housing Construction News, as of this morning, 17 cities and states in Hubei have all lowered the interest rate of individual housing provident fund loans. For individual housing provident fund loans that have been issued before May 18, 2024, the original interest rate standard for individual housing provident fund loans will still be implemented, and the adjusted interest rate standard for individual housing provident fund loans will be implemented from January 1, 2025. For individual housing provident fund loans that have been accepted before May 18, 2024, the adjusted interest rate standard for individual housing provident fund loans will be implemented. For individual housing provident fund loans accepted after May 18, 2024 (inclusive), the adjusted interest rate standard for individual housing provident fund loans shall be implemented.

According to the news of the Central Broadcasting Network, the reporter called the Beijing Housing Provident Fund Management Center. The staff said that at present, Beijing has implemented a loan interest rate reduction. The staff further explained that the original personal housing provident fund loan interest rate standard is still implemented for personal housing provident fund loans that have been issued before May 18, 2024, and the adjusted personal housing provident fund loan interest rate standard will be implemented from January 1, 2025. For individual housing provident fund loans accepted before May 18, 2024 and accepted after May 18, 2024 (inclusive), the adjusted interest rate standard for individual housing provident fund loans shall be implemented. In addition, the staff of Beijing Housing Provident Fund Management Center introduced that the lender does not need to apply separately, and the loan interest rate will be automatically lowered. If the lender does not change the monthly repayment amount, it will be automatically calculated as overpaying the principal and underpaying the interest.

In addition, Suzhou, Hefei, Nanjing, Chengdu, Chongqing, Changsha, Taiyuan, Zhengzhou, Kunming, Jiangxi, Hainan and other places also issued notices that personal housing provident fund loans issued after May 18, 2024 (inclusive) will be implemented at the new interest rate. The unexpired individual housing provident fund loans issued before May 18, 2024 shall be implemented at the new interest rate from January 1, 2025.

However, there are also some places with different details, such as Suzhou, Nanjing and Taiyuan. For individual housing provident fund loans that were applied before May 18, 2024 but not issued, the adjusted interest rate of individual housing provident fund loans was implemented. Chengdu is a housing provident fund loan issued before May 18, 2024: if the loan term is more than one year, the loan interest rate will be adjusted on January 1, 2025; If the loan term is one year, the loan interest rate will not be adjusted.

How much money can you save by lowering interest rates?

According to china construction news news, the relevant person in charge of the Housing Provident Fund Supervision Department of the Ministry of Housing and Urban-Rural Development said in an interview that the housing provident fund has long provided low-interest housing loans to low-and middle-income groups to meet the housing needs of residents, which has been welcomed and concerned by the masses. Since the 18th National Congress of the Communist Party of China, the Ministry of Housing and Urban-Rural Development has implemented the decision-making arrangements of the CPC Central Committee and the State Council, actively played the role of housing provident fund, and solved the housing problem of depositors. Since 2012, a total of 12.9 trillion yuan of housing provident fund personal housing loans have been issued, and the loan balance has increased from 2.7 trillion yuan to 7.8 trillion yuan in 2023, supporting nearly 50 million depositors to live and live, of which more than 80% are buying the first home. In recent years, individual housing loans of housing provident fund have maintained steady growth year after year. In 2023, the loan balance increased by nearly 7%, and new loans increased by more than 24% year-on-year, which strongly supported the housing consumption of depositors.

In order to increase the support for depositors’ loans, in accordance with the relevant arrangements of the State Council, the Ministry of Housing and Urban-Rural Development actively studied and considered lowering the interest rate of individual housing loans for housing provident funds as a package of work to promote the stable and healthy development of the real estate market, and jointly promoted the implementation of policies with the People’s Bank of China. In order to put the policy in place, on May 17th, the Ministry of Housing and Urban-Rural Development issued the Notice on Doing a Good Job in Lowering the Interest Rate of Individual Housing Loans for Housing Provident Funds, guiding the local housing provident fund management agencies to implement it well, so as to effectively let the depositors enjoy this policy of benefiting the people.

The above-mentioned person in charge pointed out that the most direct benefit from the reduction of the loan interest rate is the housing provident fund lender. Take the first personal housing loan of housing provident fund with a term of 30 years as an example. If the repayment method of principal and interest is equal, the monthly payment will be reduced from 4,270.16 yuan to 41,355.57 yuan, a decrease of about 135 yuan, and the total interest expense will be reduced by 48,500 yuan. The benefits that buyers get are real.

The person in charge also said that the Ministry of Housing and Urban-Rural Development will guide the urban housing provident fund management center to do a good job of policy convergence in accordance with regulations to ensure that depositors can enjoy preferential policies in the first time.

Adjust the provident fund loan policy in many places

In addition, Shaanxi, Hangzhou and Hefei have also adjusted their provident fund loan policies.

On May 17th, Shaanxi Provincial Housing Fund Management Center issued the Notice on Adjusting the Relevant Policies of Housing Provident Fund Loans. According to the notice, if you use provident fund loans to buy a house for the first time, the down payment ratio is not less than 20%; After the first provident fund loan is settled, if you use the provident fund loan to buy a house again, the down payment ratio shall not be less than 25%. If you use provident fund loans to buy second-hand housing, the housing completion period shall not exceed 30 years, and the sum of the loan period and the housing completion period shall not exceed 40 years, and the longest loan period shall be 30 years. If families with two or more children use provident fund loans to buy houses, the maximum loan amount will be increased to 1.2 times on the basis of the current policy.

On May 17, Hangzhou Housing Provident Fund Management Committee issued a notice on the relevant policies to adjust the criteria for determining the number of housing units for families with housing provident fund loans. According to the notice, the number of family housing units shall be subject to the inquiry results or certification issued by the real estate management department where the house is purchased. Housing provident fund loans for the first and second suites are determined according to the number of family housing units and housing provident fund loans. Housing provident fund loans are subject to the query results of the housing provident fund supervision service platform of the Ministry of Housing and Urban-Rural Development. The down payment ratio policy for housing provident fund loans remains unchanged. The notice shall come into force on May 15, 2024. If the online signing date of the contract is on or after May 9, 2024, it shall be implemented in accordance with the provisions of this notice. The signing date of the online signing sales contract for new commercial housing shall prevail, and the signing date of the online signing transfer contract for second-hand housing shall prevail. If the contract has been signed before May 9, 2024, it shall be implemented according to the original credit policy.

On May 17th, the Office of Hefei Housing Provident Fund Management Committee issued the Notice on Adjusting the Maximum Loanable Amount of Individual Housing Provident Fund in our city. According to the notice, if the borrower’s family and husband and wife have paid the housing provident fund normally for six months, the maximum loan amount will be raised from 550,000 yuan and 650,000 yuan to 1 million yuan; If the borrower unilaterally pays the housing provident fund for 6 months, the maximum loan amount will be raised from 450,000 yuan and 550,000 yuan to 700,000 yuan. Families with many children who meet the policy purchase the first set of housing, and if the husband and wife normally pay the housing provident fund according to the regulations, the maximum loan amount will be raised from 750,000 yuan to 1.2 million yuan; If the housing provident fund is paid unilaterally according to the regulations, the maximum loan amount will be raised from 650,000 yuan to 840,000 yuan.

Proofreading: Wang Jincheng

　　Businessmen in China in the Southern Weekend have long known that it is necessary to seize business opportunities before it is too late. On November 11th, 2005, less than an hour after the announcement of Fuwa, the mascot of the Beijing 2008 Olympic Games, mascots began to be sold in the Beijing subway. Now, with the approaching of the Olympic Games, enterprises are playing Fuwa cards one after another, and Fuwa’s business is getting louder and louder.

　　Five little dolls set off a big wave. At the sales point of the Olympic mascots of Gongmei Mansion in Wangfujing, Beijing, the commodities with the theme of "Fuwa", the mascot of Beijing 2008 Olympic Games, can reach more than one million yuan a day on weekends when business is hot. One set of plush "Fuwa" is the best seller, although its price is not cheap, and it is priced in 390 yuan. Clothes, pens, schoolbags and key chains with Fuwa logo are also very popular.

　　Across the country, there are hundreds of special sales outlets selling Fuwa goods. There are more than 300 kinds of goods.

　　It is estimated that by 2008, the number of overseas tourists in Beijing will increase to 4.6 million, and during the Beijing Olympic Games in August 2008 alone, the number of foreign tourists may reach about 600,000, and the number of domestic tourists may reach 1.1 million. "Although tourists can’t say that everyone buys mascots, it is very sure that there is more than one per capita." An Olympic mascot marketing research expert said. The "Olympic Fuwa" is composed of five creative images: fish, panda, Olympic flame, Tibetan antelope and Jingyan. Their names are Beibei, Jingjing, Huanhuan, Yingying and Nini, which are homonyms for "Welcome to Beijing". This is the largest number of mascots in Olympic history.

　　According to the experience of previous Olympic Games, the income of mascots generally accounts for about 10% of the income of Olympic Games. Huang Wei, a marketing expert who participated in the market development of Atlanta Olympic Games and a senior consultant of Beijing Olympic economy, made a bold prediction in an interview with reporters earlier that due to the large number of Beijing mascots, its income will account for 15% or even higher of the total income of the Olympic Games. The direct sales of Fuwa goods may reach more than 4 billion RMB. "I have participated in the market development in Barcelona and Sydney, and there is no Olympic Games as enthusiastic as our China and Beijing." Huang Wei said.

　　抓福娃商机的快手

　　中国的商家已经懂得抓住商机要趁早的道理了。2005年11月11日，在北京2008年奥运会吉祥物福娃公布不到1个小时后，北京地铁就有吉祥物商品开始销售，速度之快令消费者吃惊。

　　就在福娃公布当天，可口可乐公司同步推出了5款奥运吉祥物纪念罐，160多万罐印有吉祥物形象的可口可乐纪念罐在全国21个城市同步上市。可口可乐(中国)饮料有限公司总裁包逸秋说，历届奥运会中，吉祥物都是最受民众欢迎的奥运元素之一。“可口可乐积极作为，在于看好奥运吉祥物独特感召力和影响力。”

　　上海均瑶集团下属的派瑞文化公司是奥运会的特许生产商。早在奥运会吉祥物揭晓的半年前，2005年6月份的时候，派瑞文化就获得了搪胶福娃和长绒福娃以及延伸产品的特许经营权，并很快进入产品的设计及生产阶段。“那几个月实在忙得不可开交。”派瑞文化副总经理倪庆丰告诉南方周末记者。

　　设计、生产、包装等一切环节都是在严格保密的情况下进行的，直到2005年11月11日福娃揭幕，派瑞文化生产的福娃商品，迅速在各个特许销售点面市。

　　As soon as Perry’s Fuwa products went on the market, they caused a wave of buying. "We didn’t expect to sell such a fire. This is a big test for our logistics. " Ni Qingfeng said that now their daily sales are about 200,000 yuan, of which more than 50% are toys.

　　After the first wave of sales boom, Perry Culture successively launched a series of Fuwa products, from "air-conditioned Fuwa" and "technical Fuwa" to more popular Fuwa building blocks, Fuwa puzzles and Fuwa jigsaw puzzles. While increasing the variety of products, Fuwa’s sales outlets are also gradually increasing, all of which are to prepare for the climax of Fuwa’s sales in 2008. At present, among all Fuwa products, the long-staple Fuwa of Perry culture is the best-selling one.

　　Since November 11th, 2005, more than 500,000 licensed products of Olympic mascots have been rapidly sold in licensed Olympic products all over the country. From the mascot highlighter, which is aimed at children’s consumption groups and costs only one in 8 yuan, to the global limited edition Jade Fuwa, which is priced at 290,000 RMB and made of Hetian jade in Xinjiang, the mascot products are rich in variety and cater to all types of consumers.

　　There are many kinds of mascots, including plush toys, plastic dolls and stationery, which are deeply loved by children. T-shirts, hats, bags, mobile phone chains and key chains that young people like; Precious metal commemorative medals and badges of interest to middle-aged people; Chinese knots, collar buttons, etc. that the elderly are keen on. It is understood that there are six categories and nearly 300 kinds of goods licensed for mascots, such as toys, clothing, bags, stationery, precious metal medals and badges.

　　At present, there are 18 Olympic retailers and nearly 200 licensed retail stores nationwide. According to industry sources, according to the plan of the Olympic Organizing Committee, a scale of 10,000 retail stores in China will be built before 2008.

　　Fuwa business chain

　　The industrial chain of Olympic products is mainly divided into three levels: BOCOG; Manufacturers of Olympic licensed products-under the authorization of the Olympic Organizing Committee, produce relevant Olympic products according to the requirements of relevant institutions and markets, and earn production and processing profits; Retailers of Olympic licensed products-selling Olympic products to consumers through these channels.

　　"The Olympic franchise project is our first big franchise project." Ni Qingfeng, deputy general manager of Shanghai Perry Culture Company, said. Through the production and sales of Fuwa, Juneyao Group formally intervened in the toy industry.

　　Shuguang Printing Group is supporting the production of Fuwa of Perry Culture. They are responsible for the packaging of Fuwa-related products. Their orders come from Perry Culture. They obtained the printing right and the first batch of 15,000 packaging orders half a month before the mascot was announced, and they were also required to keep it strictly confidential. Fuwa’s packaging may not be more profitable than other products, but for Shuguang, it is more an honor to produce such products. Zhu Shili, president of Shuguang Printing Group, said: "By 2008, undertaking the outer packaging of Olympic gifts will bring the company nearly 300 million yuan in orders." From the previous sales momentum, the final order may be far more than that.

　　As the Olympic mascot belongs to the core area of the Olympic economy, the Olympic Organizing Committee has set a high entry threshold for production enterprises, and it also requires certain competitiveness. So far, Zhejiang Junyao Group has won the production qualification of Fuwa plastic toys, Zhejiang Beifa Group has obtained the production materials of Fuwa pen products, Wenzhou Shuguang Printing Group has obtained the designated printing right of Fuwa, and Zhejiang Wanshili Group has obtained the exclusive production qualification of silk mascots. From the scale of these enterprises, we can know that their entry threshold is high.

　　Finally, the sale of Olympic mascots. As for the sales management of Olympic mascots, BOCOG has adopted a special scheme: on the basis of 28 licensed retail stores nationwide, more than 160 temporary sales outlets will be added, covering nearly 30 provinces, autonomous regions and municipalities directly under the central government, cities with separate plans and other key consumer goods cities. For these temporary sales points, BOCOG issued temporary sales authorization certificates, and each authorization period was 3 months. Although three months is a short time, it also provides more opportunities.

　　Because the Olympic franchise will be opened to individuals only after 2008, many Wenzhou people who are eager to taste the Olympic business opportunities choose to become dealers of Olympic franchisees. For example, Ji Hongbao, a Wenzhou native who is doing business in Beijing, negotiated with Wangfujing Group in 2005 to win the right to operate the Olympic mascot counters of Wangfujing Department Store outside Beijing, and successively opened nine counters in Wangfujing Department Store in Chengdu, Guangzhou, Changsha, Chongqing and Xining.

　　The registration fever caused by the "Fuwa" effect also brought the derivative value of the "Fuwa" brand to a climax. In 2005, less than a day after the mascot of the Olympic Games was unveiled, the Chinese (English) domain name and universal website of "fu wa" were registered. The "Fuwa" trademark was registered seven years ago, among which five companies registered 11 Fuwa trademarks, including more than 100 items, of which the brand value of one Fuwa has reached 200 million yuan. According to Hubei Yinxin Company, which first registered the trademark of Fuwa, after the release of the Olympic mascot Fuwa, its product sales increased by at least 20%.

　　A well-known example is Panpan Group, which used the mascot of the 1990 Beijing Asian Games as its trademark. It was with its popularity that it developed into the largest manufacturer of steel doors and windows in Asia in just four years.

　　The BOCOG has taken full precautions against trademark registration. According to the person in charge of the legal affairs department of the BOCOG, the mascot of the Beijing Olympic Games has been patented in most countries and regions in the world, and it has kept close contact with industry and commerce, customs, urban management and other units, and measures will be taken immediately in case of counterfeit mascots.

　　However, this still can’t stop piracy. In Beijing’s overpasses, near stations and other places where people’s traffic is concentrated, Fuwa plush toys on the street stalls are only sold in 10 yuan, which is far cheaper than similar genuine toys. Whether this can impact the sales potential of 4 billion yuan of Fuwa goods predicted by experts is still unknown.

　　Get rid of "making money at a loss"

　　Mascots first appeared in the 20th Olympic Games held in Munich in 1972. At that time, artists from the Federal Republic of Germany carefully designed a design of a small hunting dog as a symbol of the Games.

　　Since then, with the Olympic Games gradually changing the situation of "losing money to earn money", the Olympic economy has gradually been discovered, and the commercial value behind any industry related to the Olympic Games has attracted more and more attention. As a result, mascots have become an indispensable product of the Olympic Games.

　　In 1984, when the business-minded Americans held the 23rd Olympic Games in Los Angeles, they began to dig the first pot of gold in the mascot. Ueberroth, the main person in charge of the Los Angeles Olympic Games, authorized Los Angeles garment manufacturers to produce garments with Olympic symbols and mascots, which made these manufacturers earn nearly 10 million dollars.

　　The Spanish are not to be outdone. During the Barcelona Olympic Games held in 1992, the Spanish government provided a full set of packaging for the mascot of the Olympic Games, including making several Cobi books and TV series specially for it, and even letting it visit Hollywood, and its value soared from the initial few dollars to several thousand dollars. From this point on, the commercial influence of mascots began to break away from pure competition activities and mascot sales, and entered the media industry.

　　In recent Olympic Games, the trend of setting up multiple mascots has intensified. In the 2000 Sydney Olympic Games, three mascots were designed: Aoli, Said and Millie, and the sales reached 213 million US dollars. Athena and Fevos, the mascots of the 2004 Athens Olympic Games, brought Athens a profit of $201 million.

　　How much will the mascot of the 2008 Beijing Olympic Games benefit China’s economy? As soon as the licensed goods plan of Beijing Olympic Games was launched, mascots became a protagonist of this plan. In the coming year of Beijing Olympic Games and in the next few years, mascots will be widely used in various souvenirs, and the economic benefits of mascots will gradually become prominent.

Editor: Xu Guimei

　　CCTV News:On July 21st, the Emergency Management Department held a regular press conference in July.

　　The reporter from CCTV Financial Channel at Headquarters asked: What are the main objectives and tasks set by the National Comprehensive Disaster Prevention and Mitigation Plan during the Tenth Five-Year Plan? What are the highlights? Thank you!

　　Chen Sheng, Director of the Monitoring and Disaster Reduction Department of the Emergency Management Department, responded that the overall goal of the Plan anchored the 14th Five-Year Plan for China’s national economic and social development and the outline of the long-term goal in 2035. From the first stage to 2025, a natural disaster prevention and control system with overall planning and high efficiency, clear responsibilities, combination of prevention and control, social participation and coordination with high-quality economic and social development will be basically established; In the second stage, we will strive to basically modernize the natural disaster prevention and control system and prevention and control capacity by 2035, and the prevention and response to major disasters will be more powerful, orderly and effective.

　　Under the overall goal, the Plan defines 6 sub-goals and 2 major sections and 12 major tasks.

　　First, around the improvement of institutional mechanisms, on the one hand, we will strengthen standardization, revise and improve laws and regulations on disaster prevention and mitigation, establish and improve the investigation and evaluation system for major and extraordinary disasters, improve all kinds of disaster emergency plans and standards and norms in various fields, on the other hand, we will strengthen mechanism construction, establish and improve the comprehensive coordination mechanism for natural disaster prevention and control, and improve the work pattern of joint management and coordination.

　　Second, focus on disaster risk reduction, highlight source control, incorporate disaster risk assessment into the requirements of national spatial planning, build a national comprehensive risk database of natural disasters, and prepare a comprehensive risk map and a prevention and control zoning map. The public coverage of early warning information will reach 90%, and the average annual death rate per million people will be controlled within 1, and the average number of people affected by disasters per 100,000 people will be less than 15,000, so as to minimize disaster risks.

　　Third, focus on efficient disaster relief, set up a central disaster relief material reserve, improve the emergency response mechanism and various rescue policies, strengthen the linkage between early warning and emergency response, effectively help the basic livelihood of the affected people within 10 hours of the disaster, and effectively ensure the safety of the people’s lives in the first place.

　　Fourth, focus on consolidating the foundation of disaster prevention and mitigation, deploy major projects to build scientific and technological support capacity for disaster prevention and mitigation, encourage the development of disaster prevention and mitigation industries, consolidate the grass-roots organization system for disaster prevention and mitigation, and extensively carry out popular science education on disaster prevention and mitigation. Every village (community) in urban and rural areas throughout the country has at least one disaster information officer.

1905 movie network news Directed by director Wang Li ‘ang and starring Fang Lishen, Zhou Weitong, Shen Mengsheng, Wen Dongjun, Wang Li ‘ang, Liu Ziqing and Ke Tianrou Tara Clance (American), the adventure disaster movie was announced to be successfully filmed in Qingdao on May 22nd. The film selects a rare theme of "shark" in China, and tells the story that swimmer Ming Xuyang (Fang Lishen) and Ocean Park trainer Qi Huan (Zhou Weitong) accidentally fall into a huge conspiracy about blood sharks.

Fang Lishen’s "hard-working" performance "Unknown" triggered expectations　

In the movie "Blood Shark", Fang Lishen plays a swimmer. Coincidentally, Fang Lishen used to be a professional swimmer in real life, but after watching the movie, he became afraid of sharks and was always afraid to swim in the sea. The biggest reason why he decided to play "hard" this time was that he was attracted by both exciting and challenging themes. "I have made many thrillers and horror films, but I am more afraid of sharks. As far as I know, there are fewer disaster films about sharks in China at present, and I really want to know what sharks will be like and how thrilling they are." In Fang Lishen’s view, sharks are different from ordinary animals, and their controllability is almost zero, so the films are being filmed.

Zhou Weitong challenged the underwater drama to break through the self-emotional line and poke the tears.

Zhou Weitong, who has always been gentle, has also broken through herself this time, playing the tamer of Ocean Paradise in Blood Shark, trying underwater shooting for the first time, and there are a lot of shots hanging Weiya, which is a big challenge for an actress’s physical strength. In addition to the underwater scenes, the emotional line in the film is also quite interesting. Zhou Weitong once revealed on the set that the scene between himself and Fang Lishen is the only emotional line in the film. "The emotional line between the two people is slowly advancing in a tense plot, from strangeness to familiarity to love, which is believed to poke the audience’s tears."

Wang Li ‘ang Directs the Most Difficult Works to Explore the Relationship between Man and Nature

Wang Li ‘ang, a cutting-edge director, is also one of the stars in the film. He admits that he felt a lot during the filming process. Children, animals and water are the most difficult elements to shoot, and the main scenes of Blood Shark are animals and water. "It’s too difficult to control, and many unexpected things have happened. Thanks to the dedication and cooperation of the actors, this film is very worth looking forward to." In addition, the director also revealed that "Blood Shark" is not a disaster film in the general sense, although it focuses on sharks. While presenting a hand-to-hand shark scene, it also involves biological knowledge such as bioengineering and gene mutation, which will make everyone think about the relationship between human beings and nature, marine life, and how to protect the ecological environment. It is a very in-depth realistic film.

　　When the author went to the countryside for investigation, some people quietly asked me: "How many directors and directors do you have?" How come it is not the director or the director when it is introduced? " I had to say truthfully: "Some are deputy directors and deputy directors, and some are just ordinary cadres in the organs."

　　At present, the vulgarization of appellation within the Party has been obviously improved, but it is still common for some job appellations to like to "wear a top hat". Some ordinary cadres at the grassroots level have also been introduced as so-and-so directors and so-and-so section chiefs, giving the masses the impression that "all the officials from above are immortal" and increasing the sense of distance between party member cadres and the masses. If the introduction is changed to "This is a certain comrade in a unit in our county", wouldn’t it be closer to the masses? Wouldn’t it be better to carry out the work?

　　The most common way to address "wearing a top hat" is to call "deputy" as "principal". Some comrades deliberately omit the word "deputy" in their titles in order to "please" their superiors, so as to show their respect for them. But there is also a "flattery" mentality, which is also a kind of "language bribe" to some extent.

　　Some leading cadres were flattered by the title of "wearing a top hat" at the beginning, but accepted it with peace of mind after a long time and enjoyed the superiority of being "wearing a top hat". Many party member cadres have become complacent in the name of "overstating", which breeds bureaucratic style.

　　In my opinion, the phenomenon of "wearing a top hat" will not only encourage the wind of flattery and dispel the seriousness of inner-party relations, but also have a negative impact on the relationship between the party and the masses and the overall image of the party, which is not conducive to the change of the style of cadres in party member. In the process of dealing with the masses, "call a comrade nearly one point, and call a post every other floor." Saying "Comrade" often brings us closer together, warms the hearts of the masses, and reminds party member cadres not to forget their true colors and purposes.

　　It is no small matter to call names within the party. The "Several Guidelines on Political Life within the Party" clearly stipulates that all party member in the Party are equal comrades and comrades-in-arms, despite their different division of work, and they should call each other comrades instead of official titles. For a time, it was difficult to hear the voice of calling each other comrades in party activities. Even in the party committee meeting, even in the party group meeting, party member also called each other official titles, not comrades.

　　Calling each other comrades within the party is an important indicator of a good political ecology within the party, an important political rule of the party, and an important embodiment of serious political life within the party. Party member cadres should overcome feudal privileged thoughts and hierarchical concepts, enhance the concept of equality, create a good atmosphere of inner-party democracy, keep a clear head, put down the leadership shelf, be pragmatic and honest for the people, and be down-to-earth officers. Leading cadres, in particular, must set an example, take the lead in resisting abnormal inner-party appellations, vigorously advocate matching comrades, purify inner-party appellations, and make "comrades" the mainstream of inner-party interpersonal communication. (Chen Jun)

　　The newly revised Securities Law of People’s Republic of China (PRC) (hereinafter referred to as the new Securities Law) was recently passed and will be officially implemented on March 1, 2020. China’s capital market will enter a new stage of development. At present, relevant departments are in full swing to introduce relevant supporting measures. Analysts generally believe that the new Securities Law further improves the basic system of the securities market, helps to improve the quality of listed companies, effectively protects the legitimate rights and interests of investors and better serves the real economy. In the future, with the improvement of various reform systems, China’s capital market will give generate a strong vitality and competitiveness.

　　Let the market play a decisive role.

　　As the "basic law" and "fundamental law" of the capital market, the new Securities Law has aroused widespread concern at home and abroad since its inception.

　　Among them, the most striking thing is the change of the legal conditions of the company’s initial public offering (IPO). Before the amendment, the requirement of the law for IPO companies was "sustainable profitability", while the new Securities Law clearly stated that the relevant requirement was "sustainable operation ability". He Haifeng, director of the china law society Securities Law Research Association, said that the former is compatible with the approval system; The latter is compatible with the registration system, because the operating ability is more inclusive and diversified than the profitability, and there is more reason to leave it to the market for independent judgment.

　　Chen Hua, a senior researcher at the National Institute of Development and Strategy of Renmin University of China, pointed out that anti-fraud is the core theme of securities issuance supervision, and the goal of the approval system is to fight against issuance fraud through auditing. However, it can’t solve the problem of fraudulent issuance after all, and it is easy for people to take advantage of loopholes, such as using very professional methods to make financial statements beautiful.

　　"Price is the core of the market mechanism, but both price and quantity must be market-oriented and work together. The price formed after the release of the audit and the release of the rhythm can truly reflect the scarcity of resources, accurately guide the behavior of market players, and form an endogenous self-balancing mechanism in the market. " Chen Zhen said that high-quality inquiries and information disclosure will definitely make counterfeiters fully exposed.

　　Wu Wenfeng, vice president of Antai school of economics and management of Shanghai Jiaotong University, pointed out in an interview with this reporter that the registration system will not affect the overall quality of listed companies, but will help the market to play a decisive role and improve the overall efficiency of the capital market.

　　The punishment for breaking the law and breaking the trust is even stronger.

　　It is worth noting that the new Securities Law not only opens the door to financing for more high-quality enterprises, but also greatly improves the punishment for illegal acts in the capital market.

　　For example, for fraudulent issuance, the original fine of 5% of the maximum amount of funds raised will be raised to double the amount of funds raised; For information disclosure violations of listed companies, the maximum fine can be increased from 600,000 yuan to 10 million yuan; If the controlling shareholder or actual controller of the issuer organizes or instigates to engage in false statements, or conceals relevant matters, resulting in false statements, it is stipulated that a maximum fine of 10 million yuan can be imposed.

　　The vitality brought by the registration system to China’s capital market will not only be reflected in the listing of more high-quality and potential enterprises, but also in the timely delisting of inferior companies.

　　Chen Hua introduced that in the mature registered market, although listing is relatively easy, it is very difficult to maintain the listing status because the delisting elimination rate is generally high. The most prominent feature of registration system audit is that the traditional administrative examination and approval is replaced by inquiry and disclosure. The change of the registration system from "examination" to "questioning" does not mean that the stock market has released a lot of water.

　　"The delisting system is the basic system of the capital market. The average annual delisting rate of Nasdaq market in the United States is 8%, and the delisting rate of NYSE is around 6%. Science and technology innovation board of Shanghai Stock Exchange is positioned as a science and technology enterprise in the early stage of service. After listing, the operating uncertainty of enterprises is high, some enterprises will grow into leaders and giants, while others may gradually fail, and the market differentiation will be more obvious than other sectors. It is very important to establish an orderly delisting system. " Chen Hao said.

　　Wu Wenfeng further pointed out that it is always an inevitable requirement to improve the competitiveness of China’s capital market system, whether it is strictly implementing the delisting system, increasing the illegal cost and improving the punishment for illegal activities in the capital market.

　　Rooted entities show greater appeal

　　The imminent implementation of the new Securities Law has also boosted practitioners’ expectations for the future of China’s capital market.

　　"The capital market is attractive from both the macro-economic and recent policy perspectives." Lian Ping, chief economist of Bank of Communications, believes that in the next six months or a year, macro-policy factors will be superimposed together, which will be beneficial to the capital market.

　　"For a long time, the proportion of traditional industries and large enterprises in China’s capital market is relatively large, and the influence of emerging enterprises reflecting new industries, new formats and new business models is insufficient. In the future, with the implementation of the new Securities Law and the steady progress of the registration system reform, this phenomenon is expected to be effectively improved, and the transformation and upgrading of the real economy will gain more support. In the process of new economic growth, capital market investors will also receive corresponding returns. " Wu Wenfeng said.

　　"According to the authorization of this law, the CSRC will fully consider the market reality, especially to grasp the organic and unified connection of securities issuance, securities registration and market affordability, and promote it step by step and steadily in accordance with the unified deployment of the State Council." Cheng Hehong, director of the legal department of the China Securities Regulatory Commission, said. The CSRC said that it will speed up the formulation, revision and improvement of supporting rules and regulations, improve the basic system of the securities market, strictly implement the provisions of the revised law, continuously improve the level of supervision and law enforcement, and give full play to the positive role of the new Securities Law in promoting market reform, maintaining market order, strengthening market functions, and protecting the legitimate rights and interests of investors.

1905 movie network news On June 6th, the stage art film produced and directed by the Central News Recording Film Studio (Group) officially landed in national cinemas. The film was created twice by the stage large-scale music and dance epic "Struggle for Chinese Children". As the first large-scale music and dance epic film in 4K, the film, with an all-star cast, evokes historical images of empathy and resonance of audiences in different eras through beautiful dance and familiar songs, promotes the spirit of struggle, eulogizes the struggle journey, condenses the struggle strength and realizes the struggle dream, which is a symphony of the new era and prosperity that perfectly presents the party and the people, struggle and pursuit of dreams.

Li Daoxin, vice president and professor of Peking University Art Institute, believes that the film has great significance of the times, which is not only a comfort to people who have come over for more than 100 years, but also an incentive to the present and a call to the future.

The stage has made great achievements, and the movie version of the big screen shines with charm.

It is understood that the film’s stage director Yang Xiaoyang, deputy director Tian Qinxin, chief writer Zhu Hai, Wang Xiaoling, music director Shu Nan and Zhao Lin have fully demonstrated the era songs of our country from the founding of the Party to the present on the stage through active creation. Rao Shuguang, president of China Film Critics Association and former secretary-general of China Film Association, believes that film "finds the greatest balance between stage aesthetics and film aesthetics, which not only gives full play to the inherent charm of stage art, but also presents the charm of film through cinematic means, achieving the greatest common denominator between stage aesthetics and film aesthetics."

Starting from The Internationale, music and dance vividly showed the 28-year struggle history from the founding of the Party in 1921 to the founding of New China in 1949, and then made a transition to socialist construction, and then to the period of reform and opening up, with the theme of building Daqing Oilfield, promising fields, flood fighting in 1998, earthquake relief and Olympic Games as the stage art creation. All exciting scenes were presented in the form of music and dance. Starting from the Tianyao Chinese chapter, the beautiful China scroll in the new era of socialism was fully displayed, with thousands of actors and hundreds of artists, singers, music composers and conductors, and chorus performances, and the creation of the stage part was brilliantly completed.

In this regard, Zhang Wei, executive vice president of China Film Critics Association, said, "This is the integration of stage performance and film and television performance. Because it is a movie, the facial expressions of the actors should also be performed. The performance passion and facial close-ups of countless star celebrities at a specific moment seem to be solidified in the moment of history and have the feeling of engraving relief. "

　At the same time, eight 8K digital cameras were used in film shooting, and a large number of film shooting methods such as moving, rocker arm, Stenikon stabilizer and super wide-angle lens were used. In order to ensure the exquisite screen picture, the film crew also set up a special studio in the National Grand Theatre to shoot special effects for dozens of actors. At the same time, during the editing process, they went to Hengdian Film and Television Base in Zhejiang Province and made up the images of the main actors in the Beijing studio.

In order to enrich the audio-visual effect of the screen, the technology of 4K and 5.1 surround sound is made, so that movie audiences can get a brand-new viewing experience for music and dance. In the process of making the film, leaders and experts reviewed it for more than 20 times before and after and put forward suggestions for revision, and finally polished and produced this large-scale stage art film.

Celebrate the centenary of the founding of the party and create a shocking epic system

The film "Struggle for Chinese Children" experienced a year-long post-production. In order to fully show the great journey of the party’s founding in the past 100 years, the main creator searched a large number of precious recorded images from the huge database of the producer’s Central News Recording Film Studio (Group), and after repairing, screening and adding them to the film, many of these extremely precious recorded images appeared in public view for the first time.

Let the audience truly feel the hardships of the century-old party history and the spirit of hard work. Liu Hanwen, a professor at Fujian Normal University and director of the former Film Institute of the Development Research Center of the State Administration of Radio, Film and Television, expressed empathy for the major historical events in the film. "Seeing these scenes can bring us back to the historical scene at that time and arouse memories."

At the same time, compared with the stage performance version, the film "Struggle for Chinese Children" strengthens the expressiveness on the big screen from all dimensions, which not only makes the whole party narrative on the big screen by technical means, but also shows the glorious course of the motherland’s development to today with a compact rhythm. In this regard, Suo Yabin, a professor at the School of Drama and Film of China Communication University, believes that "this work is irreplaceable, and the influence of the film works exceeds the stage."