The freezer is rushing to heat up, and Wahaha Dongpeng Special Drink is attacking the "hinterland" of Nongfu Spring

  Entering April, although the scorching sun has not yet scorched the earth, the battle for freezers, which is the lifeblood of the beverage industry, has entered a white-hot stage.

  New distribution public data show that 79% of consumers will choose to buy frozen drinks in summer, of which 81% of consumers will choose other companies’ frozen products because the target drink is not frozen; end point store freezer can increase sales point sales by 29%, taking the market common single door freezer as an example, you can immediately increase about 50 rows and 20 pieces of sales orders.

  In addition to providing instant cooling, freezers are often located in the prime location of the store, providing a natural advantage of close contact with consumers. Companies can bring their products to consumers’ attention, which not only broadens the distribution surface, but also increases the exposure of the product.

  It can be said that the freezer, the "invisible battlefield" of the cold drink market, has undoubtedly become a golden fulcrum for brands to promote sales, increase exposure, and then increase performance, and its importance is self-evident.

  In this context, major brands continue to put up the ante offline freezer in 2024, trying to occupy a favorable position in the limited end point retail space, in order to achieve better results in the upcoming sales season.

  So, from the offline visits, what is the intensity of the freezer battle in 2024? Which beverage companies have seen a significant increase in their investment in 2024? Can they achieve the desired results?

  01 Drink giants are fighting hand-to-hand, and offline freezers are fighting fiercely

  "In the summer, there is no sales without frozen display, which is the accepted market law in the sales industry of fast-moving consumer goods." A beverage marketer who has been in the industry for many years revealed to the media that frozen display is the last part of the offline sales channel, which often requires salespeople to visit one by one and give enough generous discounts or subsidies, so that the physical bosses at each end point will be willing to display brand products.

  Every morning at 8:30, Li Hao, the salesperson, immediately took his colleagues to the offline store after the company’s morning meeting. The sales area he is responsible for has 100 to 200 customers, and he runs an average of 20 to 40 end point stores every day.

  Every store, Li Hao will be in the Nongfu Spring internal business App clock in record, each store stay time to be controlled in 5-30 minutes, during the period in accordance with the company’s very detailed product display regulations, sorting freezer goods and record data, find abnormal timely report.

  "Just after the Chinese New Year this year, the salespeople of cold drink brands have started to come to the door one after another." According to Su Kexin, the owner of a convenience store in Jiangsu, the three freezers in the store are all given away by different brands, and the monthly subsidy ranges from 120 to 200 yuan. The subsidy has increased a little this year. But the condition is that the corresponding freezer can only sell products of the brand, and the owner cannot mix other products. Once discovered, the subsidy will be cancelled.

  Ding Xiao, a cold drink salesperson from Mengniu, also admitted frankly: "This year, the pressure is particularly high. In order to win a small supermarket, we went to the boss every now and then to get close to each other. In addition to giving corresponding subsidies, we also did a lot to help move goods, but unfortunately we lost to another cold drink brand because the other party’s subsidies were higher."

  Ding Xiao also revealed that the competition between supermarkets and convenience stores has always been fierce, but this year it has become even more "involved". The entrance fee alone has increased by more than 10%. Even if you win this area, you will have to pay the "rent" of the freezer every month.

  Behind the increasingly "rolled" freezer battle, naturally there are beverage companies that continue to sell up the ante end point, and in 2024, the most powerful one is Wahaha.

  The owner of a store in Hangzhou, Zhejiang, revealed to the odd-even faction that on the seventh day after Zong Fuli took office, Wahaha’s regional manager came to his store and took the initiative to send three freezers.

  Jiangxi agent Wu Qizhen also confirmed the news to the odd-even faction, saying that Wahaha is currently actively putting freezers to offline end points, and dozens of freezers have been placed in each nearby county.

  This freezer not only has a positioning function, but also has a camera inside. According to the real-time sales situation, a staff member will contact to replenish the goods, "If the freezer is empty and put some other brands of water, wow haha, the other side will turn a blind eye, but when replenishing the goods, the other party also hinted that the water is selling well now, and advised us to prepare more goods in the warehouse."

  But they also said that although Wahaha attaches great importance to end point sales this year and puts all its efforts into offline freezers, in the past five years, Nongfu Spring’s freezers have been all over major convenience stores, firmly occupying the prime area of convenience stores in prime locations. Even if Wahaha starts to make efforts from now on, it is impossible to form a match in the short term, let alone in this kind of offline sales, which requires relatively heavy assets such as self-purchased freezers.

  In addition to the freezer sales of giants such as Nongfu Spring, Wahaha, and Mengniu up the ante end point, some beverage companies that are not so "big business" have also shown an aggressive attitude, and have made a lot of efforts in the display contract and frozen delivery.

  Boss Lin of Jingzhou, Hubei, described the odd-even faction that in the past three years, the most active regional agency brand he has come into contact with is (), whether it is the placement of its own freezers or the subsidy for renting freezers. Naturally, Dongpeng Beverage’s products have also been placed in the most prominent position in the beverage area.

  "Dongpeng’s hydrating products are also being promoted vigorously this year. According to the current promotion efforts, we will naturally put them in a place where consumers can see them at a glance. Customers can pay for a bottle before checking out, and there will be very good sales in summer."

  While brands continue to increase their investment in offline channels, and products are seen by consumers, there will naturally be some brands that have been squeezed into less prominent positions due to insufficient investment.

  As a child growing up in central China, () has been one of the must-have drinks for the post-90s generation since childhood, but after this round of offline visits, the star products that have been placed in the middle of the shelves in memory seem to be "hidden". If you don’t pay special attention, it is difficult to see the plum garden placed in the corner.

  "It’s normal, other brands have freezers and subsidies, so they must put their products in the most conspicuous position. Although the purchase volume of Plum Garden is OK, they are all old faces, especially in summer, almost no one will choose Plum Garden." When asked about the offline channel situation of Plum Garden, Boss Lin also said that it is just a normal sales relationship, and there is no subsidy from other brands to make him excited. "If there are not many people coming to buy, Plum Garden will not continue to buy."

  02 Wahaha and Dongpeng Beverages, storming the hinterland of Nongfu Spring?

  The battle for freezers among beverage companies is actually nothing new, but Wahaha’s strategic adjustment to offline channels in 2024 is even more eye-catching. Looking into the reasons, it is not difficult to find that this is not only a realistic choice to deal with fierce competition, but also a long-term layout to adapt to consumer trends and reshape market position.

  After the death of Wahaha founder Zong Qinghou, Wahaha was pushed to the forefront of the traffic trend, its products were sold out, and the brand also ushered in an unprecedented "super traffic".

  But just after the online products were bought out by consumers who were "wild consumption", everyone also found the shortcomings of Wahaha, that is, the end point of the offline is not complete or even impossible to see Wahaha’s related products. Instead, Nongfu Spring, the "target" set up by public opinion, has deeply controlled all convenience stores.

  And Zong Fuli, who took over Wahaha, naturally wouldn’t miss this opportunity.

  According to media reports, a letter to all sales staff "circulated on the Internet in mid-March, which mentioned:" Now is the moment when Wahaha receives unprecedented attention; to fight the end point distribution surprise battle, the goal is to "let everyone see and buy Wahaha products".

  When it comes to specific operations, Wahaha will make every effort to increase the delivery of freezers, with the intention of reconstructing offline sales channels. However, Wahaha, which has always adopted the joint sales model and has not been closely related to extensive end points, may still be difficult to match compared with Nongfu Spring, which has been deeply cultivating offline channels for many years.

  According to Nongfu Spring’s financial report, as early as 2019, Nongfu Spring has shown a strong channel control. Its products cover more than 2.37 million end point retail outlets across the country, and more than 360,000 freezers are displayed at various sales end points. And in the next two years, Yuan Qi Sen Lin played a vigorous "freezer" defense battle.

  At that time, Yuan Qi Sen Lin offered a high subsidy policy, encouraged cooperative stores to dedicate their custom freezers, and even took tough measures such as deducting display fees for stores that violated the display agreement, aiming to exclusively occupy the refrigerated display space of the core retail point, aiming at Nongfu Spring.

  And Nongfu Spring also launched the "God of Wealth" campaign, under the banner of "Seize the competing freezers and buy back our freezers". For stores that dare to put Nongfu Spring sparkling water in the freezers of competitors, it has launched a radical promotion method of "placing a bottle and giving away a bottle of Changbai mineral water".

  Under the continuous up the ante, Nongfu Spring with strong funds finally won, and in this round of sparkling water dispute, continued to increase the investment in freezers. As of now, it is roughly estimated that Nongfu Spring has more than 800,000 freezers, and they are all "golden" positions in the round of competition.

  For Wahaha, which officially opened full offline sales in 2024, it is still too difficult to cross the mountain built by 800,000 freezers.

  In addition to Wahaha, Dongpeng Beverage has also shown a high degree of enthusiasm and decisive determination in the delivery of freezers, making it the most radical force among non-giant beverage companies.

  Dongpeng Beverage, which started with low-cost, rebate marketing, has focused on channels after gaining initial recognition from consumers, the most important of which is the placement of offline freezers.

  At an investor exchange meeting at the end of last year, when asked "what is the goal of the future freezer launch?" Dongpeng Beverage said: "The company has accumulated more than 100,000 freezers in the city and will continue to increase investment next year. We have always believed that frozen is the best display, display is the best advertising. With the increase in the number of outlets and the development of multiple categories, the company will continue to increase the number of freezers."

  The odd-even faction has also contacted Dongpeng Beverage. When asked about the pace of freezer placement in 2024, Dongpeng Beverage responded that the company’s offline network expansion has always maintained a high growth rate, of which freezer placement is the core strategic move. This strategic direction will not change in the next few years.

  The other party also said that in view of the limited channel resources, the company that takes the lead in large-scale installation of freezers will control the sales initiative. Based on this insight, Dongpeng Beverage made it clear that the deployment of freezers in the next few years will be promoted at a more rapid pace, and all freezers will be purchased by themselves, rather than leased, to ensure full control of the freezer network and long-term return on investment.

  In addition, Dongpeng Beverage revealed that in addition to the existing functional beverage business, the second and third growth curve products that the company is actively cultivating will also rely on this growing network of self-owned freezers to achieve market penetration and rise. Through the refined operation of the self-owned freezer channel, these new products can not only reach consumers efficiently, but also quickly gain market share.

  It can be said that in the face of the intense battle for freezers, various beverage companies are making efforts to gain an advantage in this key battle related to the restructuring of the market, but offline channels have formed a preliminary pattern in the past few years. The competition in 2024 will also become more intense under the joint promotion of new entrants and players.

  03 is written at the end

  In 2024, whether it is the old giant Wahaha’s turn to a strong attack, or the continued aggressive advance of Dongpeng Beverage in the non-giant camp, both reveal the increasingly irreplaceable strategic value of the freezer in the cold drink market.

  However, in the face of the already formed channel landscape and increasingly fierce competition, whether new entrants and players can break down inherent barriers and achieve a counterattack in market share remains full of unknowns and challenges.

  This battle for freezers is not only a test of the brand’s financial strength and channel control, but also a deep baptism of the company’s strategic vision and market resilience.

  At present, the freezer is no longer just a container for refrigerated drinks, but an important carrier for brands to reach consumers and shape brand perception. And in this battle for the future direction of the cold drink arena, whoever can win the freezer battlefield will be able to lay a solid foundation for brand victory.

Geely Krypton: Krypton or Ketella?

On March 23rd, Geely announced the establishment of a new company "Extreme Krypton", focusing on the forward-looking technology research and development in the field of intelligent pure electricity. At first glance, I thought Polar Star and Link had knocked out CP.

According to reports, the company is Geely’s new intelligent pure electric vehicle enterprise, Li Shufu is the chairman of the company, and An Conghui is the CEO of the company.

Earlier, foreign media reported that Geely was planning to launch a new high-end electric vehicle brand Zeekr, which was against Tesla.

Extreme krypton? Geek? Immediately? One of the profound meanings contained in the new brand name may be that Gui Shengyue, the chief executive officer and executive director of Geely Automobile Holdings Co., Ltd., said at the Geely Automobile Performance Meeting that "it’s extremely embarrassing that it’s spot, not futures".

He explained: "We don’t tell a PPT cake about the future products like others, but we have ready-made products as soon as they are launched. It is a natural result to set up extreme krypton."

Naturally or trial and error adjustment

At present, Geely already owns Geometry, Polar Star, Maple Leaf, Polar Krypton, and smart, which is a joint venture. If you add the long-distance car and London electric car under Geely New Energy Commercial Vehicle Group, there are already seven new energy brands under Geely Holding.

It is inevitable that there will be a comparison in the composition of the same topic.

Among them, the most controversial is the "polar star", which also takes the high-end route, is also a new energy source, and also advertises intelligence and has a very similar name.

In 2017, Volvo and Geely established the brand "Polar Star" for the luxury electric vehicle market, trying to benchmark Tesla.

However, the identity of the rich second generation failed to make the polar star out of the circle successfully. On the contrary, it got up early and caught a late episode. From the establishment to the delivery, and then to the opening of the first store in October 2019, the long timeline made it take a low-key route and gradually disappeared in the vigorous ppt of the new car.

In February of this year, Polar Star Media Center released, and Polestar 1 officially opened the scheduled channel in 2021. Subsequently, less than ten days after the global booking, Polestar1 was reported to be discontinued at the end of the year. According to the official, Polestar1, as the first model of Polar Star brand, has always existed as a limited number of 500 vehicles per year, and the price is as high as 1.45 million yuan.

Judging from the available data, in November 2019, Polar Star said that the number of pre-orders received by Polestar 1 worldwide has exceeded the production capacity of Polar Star in the first year, but no specific figures have been announced; In 2020, domestic motor vehicle insurance data showed that Polestar 1 had only 24 vehicles.

Last August, Polar Star officially said that it would sell Polestar 2 in China, Europe and the United States at a price of 338,000 yuan. The company’s goal is to sell more than 50,000 units in two to three years. I am afraid whether it can be achieved or not will be a question mark.

If we stretch the lens to observe Geely’s layout and goals in the new energy level, we can find that the word "yaw" can completely summarize the results of previous actions.

In 2015, Geely proposed the "Blue Geely Action" plan: by 2020, Geely’s new energy vehicle sales will account for over 90% of the total sales. Among them, the sales of pure electric vehicles accounted for 35%, and the plug-in hybrid and oil-electric hybrid accounted for 65%.

The time nodes set in that year have all passed, but the results are not optimistic.

According to Geely’s 2020 performance report, the total sales volume of new energy and electrified vehicles (including EV, HEV, MHEV and PHEV) of Geely Automobile was 68,000, down nearly 40% compared with 2019.

In response to this result, Li Shufu admitted that the "Blue Geely Plan" was "not completed as scheduled". "But it is not surprising that this is not a mistake in strategic direction or a failure in strategic implementation, but that the historical opportunity is not mature and the external strategic conditions are not formed."

At the same time, he also announced that Geely has formed "two blue Geely action plans":

Blue Geely Action Plan 1: Intelligent energy-saving and new energy-saving vehicles, which are embodied in hybrid vehicles, plug-in hybrid vehicles, extended-range plug-in hybrid vehicles and small-displacement energy-saving vehicles.

Blue Geely Action Plan II: Intelligent pure electric vehicles, set up a brand-new pure electric vehicle company, and actively participate in the competition in the intelligent pure electric vehicle market.

Extreme krypton is the latter. Some media said that it was Geely’s "casting a net everywhere" that made it extremely awkward, but from another perspective, the appearance of extremely awkward is more like keeping up with the trend and correcting the previous route.

When will you not play at this time?

At the beginning of 2021, new energy has become the topic that is the easiest to win the "greatest common denominator", which makes the capital like it, but also gives the car companies a chicken blood.

According to statistics, as of the end of February this year, there have been 13 investment and financing businesses in the field of new energy vehicles in China, mainly including private placement, introduction of strategic investment and listing financing, involving BYD, Evergrande, Zero Run, Hechuang and Faraday Future.

Turning into a new energy high-end player has become the first choice for traditional car companies.

In May last year, SAIC passenger car released a brand-new high-end pure electric exclusive brand R car, and officially entered the field of high-end new energy vehicles; In July, Dongfeng Company released its brand-new high-end electric brand, named "Lantu" in Chinese; In January this year, Zhiji Automobile, jointly built by SAIC, Alibaba and Pudong New Area, officially released the brand of high-end intelligent pure electric vehicles; In February, it was reported that BYD will launch a high-end brand, and the first model dolphin will be officially launched in the second half of the year; In March, the Great Wall high-end electric vehicle brand "Salon Zhixing" was formally established.

Old friends keep rushing forward, how can Geely hold back?

In January this year alone, on the 11th, Geely Holding and Baidu set up a smart electric vehicle company, which became a strategic partner of Baidu Electric Vehicle Company. On the 12th, Geely Holding signed a comprehensive strategic cooperation agreement with Chuanhua Group Co., Ltd.; On the 13th, Geely Holding teamed up with Foxconn to form a joint venture company to provide OEM and customized consulting services for global automobile and travel companies. On the 29th, Geely Holding officially announced its cooperation with Faraday Future (hereinafter referred to as FF).

Frequent actions, what you want, are tacit.

At this performance meeting, when talking about why Geely Automobile and Geely Holding Group (including employee investment platform and user rights platform) jointly invested, Li Donghui, CEO of Geely Holding Group, said bluntly: "Extreme will seek overseas listing in the future, and the current equity design is also to maintain flexibility for introducing strategic investors."

In addition, in Gui Shengyue’s view, the reason why Krypton can compete head-on with the new car-making forces is that it has four advantages: first, the technological leadership of the vast architecture of pure electric platforms; Second, the advantages of Geely’s collectivization can give Krypton the initiative; Third, the advantages of scale, vast architecture as an open platform, can reduce research and development costs and enhance supply chain capabilities; Fourth, An Conghui personally became the CEO, which can mobilize the resources of the entire Geely Automobile Group to cooperate with the development of Krypton automobile.

Some insiders said that Geely’s resource advantage is the best among its own, but whether it can beat the new car makers with four advantages remains to be discussed. The future growth direction of krypton still depends on whether it can get rid of the shadow of "Polar Star 2".

BYD registered the "Yunqi" trademark, another black technology? Company response ……

Every edited Du Yu

According to China Trademark Network, BYD recently registered the "Yunqi" trademark.

Image source: China Trademark Network

According to sources,This trademark may be a brand-new technology to be launched by BYD. The vertical intelligent integration of new energy vehicles is a heavy technology developed by BYD.

A reporter from national business daily called BYD as an investor, and a related person from BYD said that he also saw the news online. Is the "Yunqi" trademark related to new technologies of new energy vehicles? BYD related people further said that if there is the latest news, it will be officially released as soon as possible.

Image source: vision china--VCG111387048360

In fact, BYD’s heavy technology announced every year has caused quite a stir, such as "blade battery" and "DM-i super hybrid".

According to BYD official Weibo, not long ago,Looking up to the brand, it officially released the easy Sifang technology platform.And the first production car based on this platform — — Looking up at U8, it is the first time to show the ultimate safety performance of the Yisifang technology platform in extreme off-road scenes.

Easy Sifang technology platform is a set of power system with four independent motors as the core, which has been completely reconstructed around the characteristics of new energy vehicles from three dimensions: perception, control and execution, completely subverting the previous power system capability system of fuel vehicles.

Image source: BYD official Weibo

In terms of perception, Yi Sifang took the lead in giving full play to the powerful perception ability of the wheel motor, realizing uninterrupted all-round perception of the vehicle motion state, and combining with the intelligent driving sensing data such as camera, laser radar and millimeter wave radar, thus providing a sensing data basis for subsequent decision-making and implementation.

In the control link, the E-Sifang technology platform is equipped with an electronic and electrical architecture that is highly coordinated with the central computing platform and the domain control architecture. The central controller and each domain controller communicate with each other in real time through high bandwidth, low delay and high security vehicle Ethernet, and realize accurate and diversified control of four motors through high cooperation between controllers and sensors.

It is reported that the maximum horsepower of the electric drive assembly system equipped on the E-Sifang technology platform can exceed 1,100 horsepower, and the maximum rotation speed can reach 20500rpm, leading the industry. At the same time, all models of the easy Sifang technology platform will be equipped with 800V high-voltage SiC electronic control as standard, and the highest efficiency can reach 99.5%.

As of midday on March 17th, BYD reported 239.89 yuan/share, an increase of 2.17%, with a market value of 698.4 billion yuan.

National business daily Comprehensive China Trademark Network and Public Information

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

Cover image source:: vision china –VCG111387048360

It sold 219,800 copies of Tang EV/Tang DM-p glory edition.

  [car home new car listed] On April 22, BYD’s medium-sized SUV-Tang EV Glory Edition, Tang DM-p Glory Edition and 2024 Tang DM-p Ares Edition were officially launched, and a total of six models were launched, with a price range of 219,800-269,800 yuan.. At the same time, the official launch of the glory-for-new gift, the glory worry-free gift, the glory VIP gift and the glory Zhilian gift. For the detailed price of new cars and the specific car purchase policy, see the table below/figure:

Home of the car

BYD Tang Glory Edition Guide Price car make and model deploy Price (ten thousand yuan) Tang EV glory edition 600KM exclusive type 21.98 730KM exclusive type 23.98 635KM four-wheel drive flagship type 26.98 Tang DM-p glory edition 215KM four-wheel drive exclusive type 22.98 215KM four-wheel drive flagship type 24.98 Section 2024Tang DM-p ares edition 2024 Ares Edition 26.98

Home of the car

   In terms of appearance, both (|)EV Glory Edition and Tang DM-p Glory Edition continue the Dragon Face design language. The former adopts a closed front grille, while the latter adopts a Long Lin-style design for the front air intake grille. The penetrating silver decorative strip above is the embodiment of the dragon beard, and the headlights on both sides are still very sharp, and the front enclosed design is also more sporty. For the tail, the latest penetrating Chinese knot element LED taillight group is also adopted. In terms of color matching, the new car will provide silver glaze white, glacier blue and silver sand black for selection.

Home of the car

Home of the car

Home of the car

  In terms of configuration, the new car will provide 10-point seat massage, intelligent fragrance system, HiFi-level customized Dana audio, tactile LED reading light, 6-nanometer 5G smart chip, 50W mobile phone wireless charging, 3D car control, parking unlocking, UWB digital key, W-HUD head-up display, intelligent voice interaction of the whole car, ONE ID account system, baby/nap mode and new romantic mode. In terms of seat layout, the new car will provide 6-seat and 7-seat versions to choose from.

Home of the car

  In terms of power, BYD Tang EV Glory Edition is equipped with AC permanent magnet synchronous motor, in which the single motor version has a maximum power of 228 HP and a peak torque of 350 Nm; The dual-motor version has a total power of 517 HP and a peak torque of 700 Nm. In terms of battery, it is equipped with 90.3kWh and 108.8kWh battery packs according to different configurations, corresponding to cruising range of 600 km, 730 km and 635 km.

  Tang DM-i Glory Edition and 2024 Ares Edition are equipped with a hybrid system consisting of Xiaoyun-Plug-in special turbocharged 1.5Ti high-efficiency engine and motor, in which the maximum power of the engine is 102 kW and the peak torque is 231 Nm. In terms of motors, the maximum power of the front motor is 160 kW, and the maximum power of the rear motor is 200 kW. As for the battery, the new car uses the Ferrous lithium phosphate "blade battery" for hybrid. NEDC has a battery life of 215km and a fuel consumption of 6.5L/100km. (Text/car home Zhouyi)

Can German manufacturing be truly deserved? Word of mouth inventory of Mercedes-Benz E-Class European car owners

[Global Network Reporter Li Min] Mercedes-Benz E-Class is a medium-sized and large-scale high-end business car owned by Mercedes-Benz, which is between C-Class and S-Class. It has been more than several years since the unveiling of the current Mercedes-Benz E-Class car at the Detroit North American International Auto Show in January 2009. So what is the reputation of overseas car owners after actual driving? Can the gold-lettered signboard of "automobile inventor" be equally deserved in the hearts of E-class car owners?

European version of Mercedes-Benz E-Class car

Through the word-of-mouth inventory of the US market through the World Wide Web, we found that many Americans rated the Mercedes-Benz E-Class model more negatively than positively, and the shortcomings such as many electronic configuration failures, high price and lack of dynamic driving control were disappointing, and even more than one owner felt that this car did not deserve the reputation of Mercedes-Benz made in Germany.

So what is the user experience of Mercedes-Benz E-Class in its European home market? Do European customers recognize Mercedes-Benz E-Class? The reporter from the World Wide Web will take you to find out.

In March 2015, the British car owner "Richard Usher" gave the Mercedes-Benz E220 CDI Blueiffse four-wheel drive car a five-star overall evaluation, with four stars for its driving pleasure and cost of ownership, and five stars for its quality, practicality and configuration. "I bought the latest E220 SE of Mercedes-Benz. In 2014, Mercedes-Benz launched a modified E220 model, offering SE version and AMG version. SE is a conservative and comfortable business car, while AMG is a derivative version of its high performance and sports model," he said. "I am a driver for the company, driving 60,000 miles in 12 months, and my E220 SE is the best model I have ever driven. Needless to say, comfort, in addition, most of the high-tech accessories of this car are standard, without extra money. I tested BMW and Audi before I bought this car. From a company driver’s point of view, Mercedes-Benz can drive them off a street because it has relatively low carbon dioxide emissions and relatively richer standard configuration. Satellite navigation system is especially intelligent, which can connect Apple mobile phone, surf the Internet, watch movies, listen to the radio and navigate. The control screen is large, simple and easy to understand, and very user-friendly. I have driven across Europe three times, and there has never been any problem with navigation, and the real-time traffic function is also very accurate. There is also plenty of storage space. There is a key box in the center console, storage space under the seat, and two cup holders in front and back.It can completely hold a cup of about 1 liter. In addition, the air conditioning control system is great, much quieter than Audi. In terms of fuel consumption, the minimum fuel consumption can reach 75mpg(3.8 liters/100 kilometers). I drive in the most expensive way, and the fuel consumption can also reach 50mpg(5.7 liters/100 kilometers). If the tank can be filled with 70 liters of oil, it needs to be filled every more than 1000 miles. LED smart lights are also bright and great. In short, you will find that E220 is the best choice for buses. "

Keith Dockrell, the owner of Mercedes-Benz E220 CDI BlueEFF four-wheel drive sports edition in Somerset, also praised Mercedes-Benz E-Class. He gave his car a five-star rating on the whatcar website in the UK, and rated its quality, practicality, configuration, cost of ownership and driving pleasure as five stars. "People often compare the Mercedes-Benz E-Class with the BMW 5 Series, but they ignore one thing-no luxury model with less than $50,000 can ride four people and drive comfortably for four hours like the E-Class. But if you want to drive through the B-class road like a crazy mouse, you’d better choose BMW. If what you want is space, comfort, luxury and smooth driving, then Mercedes-Benz E-Class is your dish, "he said." My E-Class has been in operation for three years, and I just placed an order to buy a coupe, which will be my third Mercedes-Benz. I will grow old with Mercedes-Benz and witness each other. The manufacturing quality of Mercedes-Benz is excellent, and 60,000 miles have never heard a creak. E220 CDI is also super fuel-efficient. Once I drove at a constant speed of 70 mph for two hours on the expressway in the early morning, and the fuel consumption was only 70.1mpg, equivalent to 4.0 liters/100 km! Moreover, the standard is very rich, and the Command system completely beats the iDrive system. I will recommend this car to anyone who pursues big space, luxury and comfort, and those who love to drive, still buy a BMW. "

Similarly, the owner "Marcel Darroch-Davies" of Mercedes-Benz E300 Bluetec hybrid SE four-wheel drive in Wiltshire, England, who thinks that BMW is more fun to drive, but pays more attention to Mercedes-Benz comfort and rich standards, gave his car a four-star overall evaluation on the website of British media whatcar, with three stars for its driving pleasure, five stars for its ownership cost and four stars for its quality, practicality and configuration. He said, "My E300 has already driven 10,000 miles. Before buying a car, I hesitated among a lot of business cars for a long time, and all of them were tested (at least for a weekend), and then I finally decided to buy the E-class. Indeed, compared with BMW 520/525, it is more fun to drive, and Jaguar and Audi A6, as well as BMW’s interior are more exquisite. This is not to say that the E300 is difficult to drive, or the interior is terrible, but sometimes the gearbox of the E300 can really make people crazy, but its performance on the A-class highway is enough to satisfy you, and the interior design is practical and durable. But this is not the point. The point is that this car is fast enough, fuel efficient enough, and the standard is rich enough. The hybrid power system is independent from the traditional power system, and you won’t remember that it is a hybrid car for weeks, which is much better than the neon lights and harsh sounds of Lexus hybrid cars. Personally, I feel that it is difficult for the E300 to have an opponent. I like this car. "

"Brendan Reilly" from Essex, England, gave a five-star comprehensive evaluation of Mercedes-Benz E250 CDI BlueEFF four-wheel drive sports edition on whatcar website in England in 2011. The evaluation of its handling sense, quality, practicality and configuration was five stars, and the evaluation of its cost of ownership was four stars. "I have bought Audi TT and A4, Mazda, Ford SMAX and Mercedes E250 before," he said. "I chose the manual sports version, which is still very fuel-efficient. I’ve only driven about 1000 miles since I got my new car, and most of the time I drive in the city. The average fuel consumption is 37mpg, which is equivalent to 7.7 liters/100 kilometers. On the highway, if we drive normally, our fuel consumption can reach 53mpg, which is about 5.4 liters/100 kilometers. The car I bought is equipped with the original children’s seat, and the back seat can be leveled to increase the storage space. I think these two configurations are very worthwhile. There is also the DAB broadcasting system. Although I don’t know why I can only listen to the BBC, I think it’s good. However, the ride of this car is a little bumpy, because it is the sports version, and the suspension is a little hard, but it is not so difficult to make do with it for the sake of appearance. But the process of buying a car was very unpleasant. It was not until I complained to them and was finally received by the regional manager that I got the courtesy I deserved to buy a luxury car. But on the whole, I will recommend buying this car to others, and I will drive this car for a long time. So far,This car hasn’t had any problems except that it can’t be driven in snowy days. "

The comprehensive evaluation of "Adrain Day" in Cheshire, England is four stars for his E350 CDI BlueEFF four-wheel drive sports edition, five stars for its quality, practicality and configuration, three stars for its cost of ownership and four stars for its driving control. "This car is really quiet, comfortable, elegant and relaxing as others say," he said. "70 mph corresponds to almost 1700rpm, and 85 mph corresponds to 2000rpm. Even if you drive to 85 mph, you can’t hear wind noise and road noise. However, I also found that there will be hysteresis in the 7-speed automatic transmission, and sometimes there will be delay before shifting gears. Mercedes-Benz should take action to improve this problem. Otherwise, a good car will be destroyed! The 3.0-liter V6 engine is really great. It is much smoother and quieter than the four-cylinder engine, and the matching degree with the whole vehicle is almost perfect. The linear power output is excellent, and you can accelerate and overtake safely and safely under the strong torque output. But seriously, this car is not the dish of enthusiasts on the B-class road. If you want to have fun on the B-class road, you should buy a golf GTI. Mercedes-Benz E-Class is a large, comfortable and quiet’ cruiser’, which belongs to high-speed long-distance driving or fast A-class trunk road. The seat is big and comfortable. Maintenance is about 25,000 miles, and the cost is more than 350 pounds. The rear tire was replaced almost 22,000 miles. The tire in Deng Lupu is 175 pounds, which is only 20 dollars more expensive than the Ford Taurus.I drove 15,000 miles in nine months, and I couldn’t put it down. Every time I hit the V6 engine, I sit on the heated leather seat and turn on the hi-fi system, so my tired body relaxes ….. Would I recommend it to others? I will! Will I buy another one? Absolutely! "

However, not all car owners praised the Mercedes-Benz E-Class. Next, the unfortunate car owner’s E-Class stayed in the dealer’s repair shop for longer than his own time:

In December 2014, the British car owner "Toney Ashley" gave the overall evaluation of Mercedes-Benz E300 CDI BlueEFF SE four-wheel drive sedan on whatcar website with only one star. The evaluation of its driving sense and ownership cost is three stars, and the evaluation of its quality, practicality and configuration is four stars. "This is definitely the worst model I have ever bought. Since I bought this car last year, it has been in the dealer’s workshop for longer than I have been driving it. Power system failure, battery failure, software failure … You name it, I’ve met them all. In fact, I did encounter these problems, "said the unlucky owner." The dealer didn’t help me either. Last time, the battery of my car’s hybrid system broke down and the electric start failed, but this was the only way to start the car. They didn’t fix it for 60 days! At that time, when I was repairing the car, I asked them to repair other minor problems by the way, but when I handed over the car, their answer turned out to be forgotten! Now the car has been sent for maintenance. I asked them to replace the cabin lights for the fourth time and was told again that they needed to place an order. Last time they said they placed an order, but forgot to change it. "

However, the British "alan peters" commented on his Mercedes-Benz E220 CDI BlueEFF four-wheel drive sports version. In October 2013, he said on the British whatcar website: "As the latest 2013 model, the Mercedes-Benz E220 looks really good. The front face looks like the old BMW 5 Series, and the tail looks like the old E-Class. In addition, whether from the outside or in the cabin, this car is not small in size and space. The advantages are-elegant and beautiful interior, leather seats, classic accessories and a thick and soft steering wheel. The satellite broadcasting system is also great, with an ipod interface. The temperament of this car is very noble. It will make people feel strange to get off in an old T-shirt, and they should be dressed formally. Next, it’s the turn to talk about the short board-the speedometer is difficult to read, because the pointer is too small, located on the outer surface of the dashboard, and in the middle is a bright LCD screen, which can be turned off if you don’t want to use it. This is really annoying. The steering feel of the steering wheel is very incoherent and unclear, which destroys the dynamic control. Shift paddles and sport modes are meaningless to a diesel car. What’s more, I haven’t figured out what the collision warning system is for until now. All I know is that I call the police every time I cross the line on a two-lane road, which is annoying. There is no change storage box, and the change is rummaging around in the box under the armrest in the middle. C-class cars are much more considerate. And the E220 chassis is too low. But overall, this car is still good, and I don’t regret buying it! "He gave this car a comprehensive evaluation of four stars, three stars for its handling sense and cost of ownership, and four stars for its quality, configuration and practicality.

Editor’s note: Chinese people often say "drive a BMW and ride a Mercedes", and it seems that Europeans have almost the same understanding. Whether it is spit or praise, these European car owners generally agree that "if you want to enjoy the shuttle-like driving pleasure, buy a BMW; If you pursue a rich standard and a calm and comfortable driving feeling, it is still reliable. "

Representative’s Notes: Firming Ideals and Beliefs and Flying Youth Dreams

  [Representative’s Notes]

  The report of the 19th National Congress of the Communist Party of China pointed out that the Chinese dream of the great rejuvenation of the Chinese nation will eventually become a reality in the relay struggle of generations of young people. The whole party should care for and care for young people and set up a stage for them to realize their brilliant life.

  If the cause of the party and the state is to develop, the youth must develop first. Adhering to and developing Socialism with Chinese characteristics under the new historical conditions requires us to make Socialism with Chinese characteristics widely recognized and deeply understood by different types of youth groups and different levels of youth groups with new ideas, new measures and new paths.

  在青年一代的思想引领上,十九大报告指出,要以培养担当民族复兴大任的时代新人为着眼点,强化教育引导、实践养成、制度保障,发挥社会主义核心价值观对国民教育、精神文明创建、精神文化产品创作生产传播的引领作用,把社会主义核心价值观融入社会发展各方面,转化为人们的情感认同和行为习惯。

  不忘初心,方得始终。坚强的领导核心有了,创新的理论体系有了,科学的行动纲领有了,现在到了扎实落实、有力行动的时候了。深切召唤,殷殷嘱托,需要广大青年和青年教育工作者深入领会、学思践悟。当前,我们要积极探索切实有效的方式,使习近平新时代中国特色社会主义思想转化为青年的思想认识和自觉行动,使广大青年更加紧密地团结在以习近平同志为核心的党中央周围,永远坚定跟党走。广大青年要坚定理想信念,志存高远,脚踏实地,勇做时代的弄潮儿,在实现中国梦的生动实践中放飞青春梦想,在为人民利益的不懈奋斗中书写人生华章。

   (万资姿,系十九大代表,中央团校、中国青年政治学院副教授)

Financial Afternoon Tea 20220915 | Seven major banks adjust RMB deposit interest rate: 15 basis points in three years is the strongest.

  macroscopic view

  The central bank launched a one-year MLF operation of 400 billion yuan and a 7-day reverse repurchase operation of 2 billion yuan.

  On September 15th, the central bank launched a one-year MLF operation of 400 billion yuan and a 7-day reverse repurchase operation of 2 billion yuan, with the winning bid rates of 2.75% and 2.00% respectively, which were the same as before. Due to the 2 billion yuan reverse repurchase and the 600 billion yuan one-year medium-term loan facility (MLF) expired, the net withdrawal was 200 billion yuan on the same day.

  The seven major banks adjusted the interest rate of RMB deposits: the three-year reduction of 15 basis points was the strongest.

  Today, six major state-owned banks (ICBC, ABC, BOC, CCB, Bank of Communications and ()) and China Merchants Bank collectively lowered the listing interest rate of RMB deposits. In this adjustment, in terms of time deposits, the biggest decline is the three-year lump-sum interest rate, which reaches 15 basis points, and the other term lump-sum interest rates are lowered by 10 basis points; Deposit interest rate also experienced a downward adjustment, with a strength of 5 basis points to 0.25%. At present, the listed interest rates of RMB deposits of the six major state-owned banks and China Merchants Bank are consistent.

  Zhang Qingsong, Vice Governor of the Central Bank: Adhere to the return of payment business to the original source and standardize the payment business of platform enterprises.

  At the 11th China Payment and Clearing Forum, Zhang Qingsong, deputy governor of the People’s Bank of China, said that it is necessary to strengthen the supervision of large-scale payment platform enterprises. Adhere to the origin of payment business, standardize the payment business of platform enterprises, speed up the regulations on non-bank payment, speed up the legislative process of regulations on non-bank payment institutions, and lay a solid foundation for supervision and legal system. Strengthen the construction of payment and clearing capacity, strengthen the overall planning of payment infrastructure, further improve the efficiency of domestic cross-border capital circulation, improve the level of cross-border payment services, effectively help the internationalization of RMB, encourage all parties in the payment industry to be brave in innovation, enhance cooperation, and launch more China models, Chinese solutions and China products to serve the global payment market.

  In addition, the People’s Bank of China has established regulatory concepts such as legal supervision, appropriate supervision, collaborative supervision and innovative supervision, established a centralized delivery mechanism for reserve funds, completed the direct connection in a safe and orderly manner, and withdrew from 71 payment institutions in an orderly manner, continuously improving the comprehensive effectiveness of supervision.

  Mu Changchun: Even if the operating institution goes bankrupt, the digital RMB in the user’s wallet will not be included in the bankruptcy property.

  Mu Changchun, director of digital currency Research Institute of China People’s Bank, said at the 11th China Payment and Clearing Forum that digital RMB is a special movable property, and it is also a typical consumer. "Even if the operating organization goes bankrupt, the digital RMB in the user’s wallet will not be included in the bankruptcy property and will not be affected by the’ zero rule’. In addition, the digital RMB is the central bank’s currency, and the central bank is the ultimate provider of liquidity. Using the central bank’s currency for currency settlement can better guarantee the finality of settlement. " Mu Changchun stressed.

  State Council: Full implementation of market access negative list management

  The General Office of the State Council issued opinions on further optimizing the business environment and reducing the institutional transaction costs of market participants, and fully implemented the negative list management of market access. We will improve the management and dynamic adjustment mechanism of the negative list of market access, pay close attention to improving the corresponding examination and approval mechanism and supervision mechanism, and promote the online handling of all list items. We will steadily expand the scope of market access effectiveness evaluation. Before the end of October 2022, all localities and departments will clean up explicit and implicit barriers with market access restrictions and establish a long-term investigation mechanism. In-depth implementation of the national treatment plus negative list management system before foreign investment access, and promote the introduction of a national version of the negative list of cross-border service trade.

  National Bureau of Statistics: China’s industrial economy has grown steadily and its comprehensive strength has improved significantly.

  The National Bureau of Statistics released a series of reports on economic and social development achievements. Since the 18th National Congress of the Communist Party of China, China’s industrial economy has maintained rapid growth, the total scale has continued to expand, and the quality and efficiency have steadily improved. From 2013 to 2021, China’s industrial added value grew at an average annual rate of 6.1%, much higher than that of other major economies in the world. Since the 18th National Congress of the Communist Party of China, China’s total industrial added value has been rising, which has become an important engine driving the growth of global manufacturing industry. The output of major industrial products has increased rapidly, and the number of industrial enterprises above designated size has exceeded 400,000, and the overall industrial strength has reached a new level.

  Four departments issued the implementation plan of "three products" in raw material industry

  The Ministry of Industry and Information Technology and other four departments issued the "three products" implementation plan for the raw material industry. The plan proposes that by 2025, the variety of raw materials will be richer, the quality will be more stable and the brand will be more influential. Products and services such as superalloys, high-performance special alloys, semiconductor materials, high-performance fibers and composite materials have significantly enhanced their support for key areas. Standards, metrology, certification and accreditation, inspection and testing have achieved a higher level of coordinated development, and the quality grading and traceability system has been improved. More than 500 new products and quality reliability improvement standards have been formulated and revised, and the construction of the life cycle standard system for key basic materials has been comprehensively promoted. Cultivate a number of China brands with excellent quality and obvious competitive advantages, and their products will enter the global high-end supply chain, making the market environment more fair and orderly. By 2035, the supply capacity and level of raw materials and service quality will be greatly improved, reaching the level of advanced countries in the world, and a number of enterprises and product brands with excellent quality and obvious advantages will be formed.

  Ministry of Industry and Information Technology: There is indeed blind investment and redundant construction in the field of new energy vehicles, but it will be gradually digested and solved.

  Xin Guobin, vice minister of the Ministry of Industry and Information Technology, said that new energy vehicles have now become a tuyere industry, attracting a lot of technology and capital to this industry. In addition, some local governments also have the desire for transformation and upgrading. Under the joint action of various factors, there are indeed cases of blind investment and repeated construction in some provinces, cities and places. However, we believe that these problems are developing, and with the growth and maturity of the industry, these problems will be gradually digested and solved. Of course, at present, the development of new energy automobile industry is still facing new tasks such as strengthening the coordination of policies and regulations, accelerating the construction of supporting infrastructure, and strengthening the protection of personal information and important data, which need our efforts to solve in the future. In the next step, the Ministry of Industry and Information Technology will further implement the Development Plan of New Energy Automobile Industry (2021-2035), further strengthen the overall planning and layout, and take more effective measures to promote the high-quality development of new energy automobile industry.

  Li Xiaopeng, Minister of Transportation: Start a new round of rural road construction and transformation, and actively and steadily expand effective investment in rural roads.

  Today, in 2022, the national conference on promoting the high-quality development of "Four Good Rural Roads" was held in the form of video. Li Xiaopeng, Minister of Transportation, attended the conference and stressed that the high-quality development of "Four Good Rural Roads" should be promoted and the modern rural transportation system should be accelerated. Under the new situation, it is necessary to fully implement the requirements of "preventing the epidemic, stabilizing the economy and ensuring safe development", and focus on eight key tasks: expanding investment, stabilizing employment, ensuring smooth flow, emphasizing safety, excellent governance, strengthening management and maintenance, improving services and promoting integration. Start a new round of rural road construction and transformation, and actively and steadily expand effective investment in rural roads.

  The Notice on Adjusting the Classification of Trust Business will be officially promulgated soon.

  The regulatory authorities recently convened some trust companies to hold a symposium on the classification of trust business. At the meeting, regulators revealed that the Notice on Adjusting the Classification of Trust Business will be officially promulgated soon, and a five-year transitional rectification period has been set for the stock business of trust companies. In addition, the business classification reform will allow high-rated trust companies to carry out innovative business through differentiated supervision, while restricting low-rated companies from carrying out asset management trust business.

  "Several Policies and Measures on Further Supporting the High-quality Development of the Yangtze River Delta Ecological Green Integration Development Demonstration Zone" was issued.

  The people’s governments of Shanghai, Jiangsu and Zhejiang provinces issued several policies and measures on further supporting the high-quality development of the Yangtze River Delta eco-green integration development demonstration zone. It is mentioned that promoting the joint development of REITs in the demonstration area. Support the joint operation of some key stock infrastructure projects in the demonstration area, and actively strive to issue REITs products in infrastructure areas such as transportation, water conservancy, ecological environment protection, warehousing and logistics, parks, affordable rental housing, and tourism. Encourage cooperation in the establishment of operation management companies in the demonstration area, and create a new model of cross-regional project operation management with capital as the link. Explore the establishment of "Yangtze River Delta REITs Cultivation Center".

  Shenzhen: Strive to become a financial technology center city with international influence by 2025.

  The Shenzhen Local Financial Supervision Administration issued a notice on soliciting opinions on the Special Development Plan for Financial Technology in Shenzhen (2022-2025) (draft for public comment), which mentioned that by 2025, we will strive to further improve the ecological environment of the financial technology industry, cultivate a number of leading enterprises and industry benchmarks, strive to break through a number of key technologies in the forefront of financial technology, popularize and apply a number of high-quality financial technology innovations, and promote the formation of a number of financial technology business standards.

  Tianjin peak carbon dioxide emissions implementation plan released.

  A few days ago, the peak carbon dioxide emissions Implementation Plan was officially issued. The Implementation Plan puts forward the overall goal of "realizing peak carbon dioxide emissions as scheduled by 2030". In order to support the realization of peak carbon dioxide emissions’s goals, the Implementation Plan focuses on the two key periods of peak carbon dioxide emissions during the Tenth Five-Year Plan and the Tenth Five-Year Plan, and defines the main indicators of increasing the proportion of non-fossil energy consumption, improving energy utilization efficiency and reducing the level of carbon dioxide emissions. By 2025, the energy consumption and carbon dioxide emissions per unit of GDP will ensure the completion of the national targets, and the proportion of non-fossil energy consumption will strive to reach more than 11.7%; By 2030, energy consumption per unit area GDP will drop sharply, carbon dioxide emissions per unit area GDP will drop by more than 65% compared with 2005, and the proportion of non-fossil energy consumption will strive to reach more than 16%.

  "Special Support Measures for Enterprises Listing in Hengqin Guangdong-Macao Deep Cooperation Zone" was issued.

  On September 15th, the Financial Development Bureau of Hengqin Guangdong-Macao Deep Cooperation Zone officially issued the Special Support Measures for Enterprises Listing in Hengqin Guangdong-Macao Deep Cooperation Zone, which will take effect on September 26th, 2022. Special support of up to 50 million yuan will be given to the enterprises in the cooperation zone that have made initial public offerings and directly listed on the main board of Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing Stock Exchange or Hong Kong Stock Exchange.

  National Health Commission: Yesterday, 126 local confirmed cases were added and 823 local asymptomatic infected people were added.

  From 0-24: 00 on September 14th, 31 provinces (autonomous regions and municipalities directly under the Central Government) and Xinjiang Production and Construction Corps reported 167 newly confirmed cases. Among them, 41 cases were imported from abroad and 126 cases were local. There were 916 new asymptomatic infections, including 93 imported cases and 823 local cases.

  By September 14th, 2022, 31 provinces (autonomous regions and municipalities directly under the Central Government) and Xinjiang Production and Construction Corps had reported a total of 3,434,774,000 doses of Covid-19 vaccine.

  stock market

  Comments on A-shares: Growth Enterprise Market Index fell by 3.18%, and over 4,100 shares in the two cities fell.

  The three major indexes opened higher and went lower all day. At the close, the Shanghai Composite Index fell by 1.16%, the Shenzhen Component Index fell by 2.1%, the Growth Enterprise Market Index fell by 3.18%, and the turnover of the Shanghai and Shenzhen stock markets was 919.1 billion yuan. Cross-border payment and real estate sectors were among the top gainers, while photovoltaic, power equipment and TOPCON battery sectors were among the top losers. More than 4,100 shares in the two cities fell, and northbound funds sold a net of 4.133 billion yuan throughout the day. Among them, Shanghai Stock Connect sold 1.726 billion yuan and Shenzhen Stock Connect sold 2.407 billion yuan.

  On the disk, the cross-border payment sector was among the top gainers, with (), (), () and () daily limit, (), (), (), () and so on rising. The real estate development service sector was among the top gainers, with daily limit of (), (), () and (), while Suzhou Gaoxin, I love my family and Vanke A, (), () and () followed suit.

  Banks and big financial sectors supported the market. China Merchants Bank rose more than 3%, () rose nearly 5%, and (), () and Ping An Bank followed suit. Track stocks led the decline in the two cities. Photovoltaic and wind power sectors fell sharply throughout the day. TOPCon battery sectors fell by more than 8%. Over 20 stocks such as (), CITIC Bo, (), (), (), () and () fell by more than 10%, and () fell by more than 7%.

  The power equipment sector weakened across the board, with more than 10 shares such as (), () and Junda falling below the limit, while more than 10 shares such as (), Lingda, Paineng Technology and () fell over 10%.

  Hong Kong stocks closed: Hang Seng Index rose 0.44%, Fosun International rose nearly 10%.

  On September 15th, the Hang Seng Index closed up 0.44% to 18,930.38 points. The Hang Seng Science and Technology Index closed up 0.25% at 3,963.31 points. The concept of CXO and indoor housing stocks continued to rise, while the sectors of green power, photovoltaic solar energy and new energy vehicles fell; Fosun International rose nearly 10%, and Fosun will bring a lawsuit to the court for the serious inaccuracy of the relevant reports of Bloomberg News. Southbound funds bought a net of HK$ 2.16 billion, of which HK$ 1.343 billion was bought by Hong Kong Stock Connect (Shanghai) and HK$ 817 million was bought by Hong Kong Stock Connect (Shenzhen).

  Institutional review

  Yuekai Securities pointed out that the current market transaction is still in a state, and the market style often switches quickly under the game of capital stock. It is recommended that investors balance the layout. Looking forward to the market outlook, M1-PPI is more friendly to the style of small and medium-sized market value under the environment of reasonable and abundant residual liquidity, but the market of "Golden September and Silver 10" is still optimistic about the theme performance of consumption and infrastructure real estate, and the market may repeat in marginal improvement and high growth. It is expected that the market style performance will be mainly sawing, focusing on the sectors with strong marginal improvement expectations in the traditional economy and sustainable high growth in the new economy.

  Guosheng Securities said that under the background of shrinking volume and slow growth of new credit in August, it indicates that both on-site and off-site funds are in a wait-and-see mood, and the market is expected to return to the stage equilibrium zone of weak shock. It is suggested to upgrade the allocation of defensive assets, such as food security, gold, high dividends and other conceptual assets. At the same time, "Golden September and Silver 10" entered the peak season of liquor sales, and it still showed steady growth from the performance of liquor companies reported in the interim report. Liquor with high certainty can also be classified as a defensive asset series.

  industry

  China’s first time-sensitive network chip approved for commercial use

  The Industrial Internet Industry Alliance of the Ministry of Industry and Information Technology recently announced the latest "Time-Sensitive Network (TSN) Industry Chain Directory Plan", among which (1) The newly released China’s first self-designed TSN chip, ―KD6530, became the first TSN chip to enter the directory. This marks the official entry of domestic chips into the commercial field of TSN, which opens the prelude to the large-scale commercial application of domestic TSN and breaks the pattern that this field has long been monopolized by European and American enterprises.

  From January to August, the three major indicators of shipbuilding in China continued to rank first in the world.

  China Shipbuilding Industry Association announced today (15th) that from January to August this year, China’s shipbuilding three indicators continued to rank first in the world. According to the latest data, from January to August, 2022, China’s shipbuilding completion, new orders received and hand-held orders were 23.935 million dwt, 28.053 million dwt and 102.03 million dwt, respectively, accounting for 45.4%, 50.6% and 47.7% of the global market share, and remained the first in the world. Among them, among the new orders, China’s market share in high-end ship types has further expanded. LNG ships account for nearly 30% of the global market share, reaching 27.2%, and container ships with more than 10,000 cases account for 43.9% of the global market.

  Qingdao: Moderately adjust and optimize the current real estate-related policies, and no longer restrict the purchase of second-hand housing.

  On September 15th, WeChat official account, Qingdao Housing and Urban-Rural Development, announced that it would dynamically improve the real estate policy. In order to implement the decision-making arrangements of the CPC Central Committee and the State Council on coordinating epidemic prevention and control and economic and social development, adhere to the positioning of "housing without speculation", further support rigid and improved housing demand, and combine the actual real estate market in our city, moderately adjust and optimize the current real estate-related policies. 1. Continue to implement the purchase restriction policy in Shinan District and Shibei District (except the original Sifang District). Second, continue to clarify the purchase of houses. For new commercial housing in the restricted area, local residents are restricted to purchase 2 sets, families with two children and three children can purchase 1 set, and foreign residents can purchase 1 set after living for half a year; Second-hand housing is no longer restricted.

  Cinno Research: In July, the sales volume of China smartphone market decreased by 17.7% year-on-year.

  According to the data of CINNO Research, the sales volume of smartphones in Chinese mainland market in July was about 22.1 million units, down 4.8% month-on-month and 17.7% year-on-year, and the demand in the terminal market remained sluggish, setting the worst monthly sales volume in July since 2015.

  IDC: Starting school season helps the PC consumer market grow against the trend, and the commercial market expects to bottom out.

  According to IDC’s latest Monthly Sales Tracking Report of PC Market in China, the sales volume of PC consumer market in August was 2.69 million units, up 10.2% year-on-year. On the other hand, in the commercial market, the demand was weak due to the domestic epidemic, among which the sales volume of small and medium-sized enterprises was 1.15 million units, down 15.2% year-on-year; The sales volume in the major customer market was 1.12 million units, down 18.6% year-on-year. Commercial PC market sales are facing a lot of pressure. The PC market sold 4.97 million units in August, down 4.1% year-on-year.

  IResearch: It is estimated that the market size of freshly ground coffee in China is expected to reach 190 billion yuan by 2024.

  According to the research report on the freshly ground coffee industry in China in 2022 released by iResearch, the market size of freshly ground coffee in China will be about 87.6 billion yuan in 2021, with a growth rate of 38.9% compared with the previous year. It is estimated that the market size of freshly ground coffee in China will reach 190 billion yuan in 2024. China freshly ground coffee chain brands and stores are mostly concentrated in the southern market and high-speed cities, and there is still a large penetration space in the northern and central and western markets and the sinking market in low-speed cities.

  company

  Fosun announced that it would sue Bloomberg.

  The reporter was informed that Fosun will bring a lawsuit to the court for the serious misrepresentation of the relevant reports of Bloomberg News. Fosun believes that Bloomberg News Agency’s so-called "regulatory authorities require a thorough investigation of Fosun" is totally untrue, and the relevant reports seriously deviate from the facts. After widespread dissemination at home and abroad, they seriously mislead investors, causing abnormal market fluctuations, which has a significant impact on the normal operation and reputation of Fosun’s enterprises and caused great losses to Fosun and investors. The reporter learned that Fosun has prepared a complaint against the inaccurate reports and infringement of Bloomberg News, and will file a lawsuit in court to pursue its legal responsibility.

  R&F Group signed cooperation framework agreements with China Merchants Shekou, CITIC Securities and China Huarong.

  According to the official news released by R&F Properties, on the afternoon of September 13th, R&F Group held a signing ceremony of cooperation framework agreement with China Merchants Shekou, CITIC Securities and China Huarong in Yangzhou Zhongrui Hotel Management College. On the basis of R&F Group’s urban renewal reserve resources in Greater Bay Area, all parties will conduct a comprehensive study to promote cooperation. All parties will give priority to discussing the cooperation mode and path around the selected projects, and explore the cooperation possibility of assets held by other R&F groups outside the selected projects in due course. All parties will carry out in-depth cooperation around the urban renewal project of R&F Group through limited partnerships, funds, property rights trusts, etc., and all parties will form cooperative subjects in a corresponding proportion by means of capital contributions such as cash, creditor’s rights, creditor’s rights and equity. The scale of cooperation shall be determined by the parties through consultation according to the specific project conditions.

  Xinwangda: The subsidiary intends to sign the Yichang Project Investment Agreement with Yichang Municipal People’s Government.

  () Announcement, the subsidiary Xinwangda Automobile Battery intends to sign the Investment Agreement for Xinwangda Dongfeng Yichang Power Battery Production Base Project with Yichang Municipal People’s Government, Dongfeng Group and Dongfeng Hongtai.

  Geely’s new patent can control vehicles to change lanes independently and avoid emergencies.

  Enterprise search APP shows that recently, the patent of "method, device, equipment and storage medium for autonomous lane change of vehicles" applied by Zhejiang Geely Holding Group Co., Ltd. and Ningbo Geely Automobile Research and Development Co., Ltd. was announced.

  Soft control share: Kejie Intelligent, a wholly-owned subsidiary, is listed in science and technology innovation board.

  () Announcement: Kejie Intelligent Technology Co., Ltd., a wholly-owned subsidiary, made its initial public offering and listed in science and technology innovation board.

  The superior production capacity of China’s new energy vehicle industry accelerates "going out to sea"

  On September 13th, () 10,000 MG MULAN new energy vehicles were shipped in Shanghai and exported to the European market, which is the largest batch of pure electric vehicles exported to Europe by China so far. (), Funeng Technology and other () battery companies have recently accelerated the process of building factories overseas. With the rise of China’s new energy automobile industry chain, a new "going out to sea" tide of superior capacity output is emerging.

  Hon Hai: Building and Expanding the Competitive Advantage of Automotive Semiconductors

  Liu Yangwei, chairman of Hon Hai, said today that Hon Hai is establishing and expanding the competitive advantage of automotive semiconductors. Previously, Liu Yangwei revealed that Hon Hai’s car charger silicon carbide is expected to be mass-produced in 2023, the car microprocessor will be put into production in 2024, and the self-driving Guangda is expected to be mass-produced in 2024. The small IC for its own car will also cover 90% of the specifications.

  corporate performance

  Spring Airlines: The company’s passenger transport capacity investment (in terms of available seat kilometers) increased by 11.06% year-on-year and decreased by 2.6% quarter-on-quarter; Passenger turnover (in terms of revenue passenger kilometers) increased by 9.51% year-on-year and decreased by 3.84% quarter-on-quarter; The load factor was 77.52%, down 1.1% year-on-year and 1% quarter-on-quarter.

  (): In August, the company’s passenger transport capacity investment (in terms of available seat kilometers) increased by 50.06% year-on-year, and passenger turnover (in terms of revenue passenger kilometers) increased by 55.49% year-on-year; The load factor was 70.19%, up 2.45% year-on-year.

  (): In August, passenger transport capacity investment (in terms of available seat kilometers) increased by 35.1% year-on-year, and passenger turnover (in terms of passenger kilometers) increased by 62.14% year-on-year; The load factor was 67.01%, up 11.18% year-on-year.

  (): In August 2022, the combined passenger turnover of the company and its subsidiaries (in terms of passenger kilometers) increased year-on-year and decreased month-on-month. Passenger transport capacity investment (calculated by available seat kilometers) increased by 34.8% year-on-year and decreased by 5.9% quarter-on-quarter; Passenger turnover increased by 56.4% year-on-year and decreased by 4.9% quarter-on-quarter.

  (): During the period from January 1, 2022 to August 31, 2022, the accumulated original insurance business income of China Pacific Life Insurance Co., Ltd. was RMB 172.956 billion, up by 3.9% year-on-year, and the accumulated original insurance business income of China Pacific Property Insurance Co., Ltd. was RMB 117.986 billion, up by 12.2% year-on-year.

  China People’s Insurance Group: From January to August, the total income from the original premium was about 452.461 billion yuan.

  China Property Insurance: From January to August 2022, the company’s original insurance premium income was about 340.247 billion yuan, up 9.8% year-on-year.

  (): The amount of new contracts signed from January to August was 832 billion yuan, an increase of 5.9% over the same period of last year.

  Overseas macro

  U.S. Treasury Department: It will transfer 3.5 billion U.S. dollars of assets of the Afghan Central Bank to the "Afghanistan Fund", which the Afghan Taliban cannot obtain.

  Council of Europe: Extend the current sanctions against 1,206 individuals and 108 entities in Russia for six months until March 15th next year.

  The euro zone’s seasonally adjusted trade account in July was-40.3 billion euros, expected-32 billion euros, and the previous value was-30.8 billion euros.

  Germany’s wholesale price index in August was 18.9% annually, with the previous value of 19.50%. The monthly rate of wholesale price index in Germany in August was 0.1%, and the previous value was -0.40%.

  France’s CPI annual rate in August was 5.9%, with an expected 5.80% and a previous value of 5.80%. In August, the monthly CPI rate was 0.5%, expected 0.40%, and the previous value was 0.40%.

  Australia’s employed population in August was 33,500, with an expected 35,000 and a previous value of-40,900. Australia’s full-time employment population in August was 58,800, with the previous value of-86,900. Australia’s seasonally adjusted employment participation rate in August was 66.6%, expected to be 66.60%, and the previous value was 66.40%. Australia’s seasonally adjusted unemployment rate in August was 3.5%, expected to be 3.40%, and the previous value was 3.40%.

  Thailand will ban licensed companies from engaging in cryptocurrency deposits and loans, according to the Thai Securities and Exchange Commission.

  Indonesia’s exports in August increased by 30.2% year-on-year, which is expected to be 19.2%.

  global market

  Major European stock indexes opened mixed.

  On September 15th, major European stock indexes opened mixed, with Germany’s DAX30 index up 0.09%, Britain’s FTSE 100 index up 0.25%, France’s CAC40 index down 0.14% and Europe’s Stoxx 50 index down 0.05%.

  Asia-Pacific stock markets closed mixed.

  On September 15, the Asia-Pacific stock market closed mixed, and the Korea Composite Index fell 0.4% to 2401.83 points. The Nikkei 225 index rose 0.21% to 27,875.91 points; Australia’s S&P 200 index rose 0.21% to 6842.90 points; New Zealand NZX50 index fell 0.37% to 11,658.94.

  Ethereum completes the merger transition to PoS.

  The data shows that Ethereum has completely transitioned from PoW to PoS, completing the merger. After the merger, energy consumption will be reduced by 99.95%. But at the same time, it also increases the market risk, and the way of equity proof is considered to have the risk of flash collapse.

  Market News: Tesla is considering redesigning China’s retail strategy.

  Market News: Siemens and Shell will devote themselves to the research and development of low-carbon and high-efficiency energy.

  Sales exceeded expectations, and Samsung won another order for about 20 million Apple iPhone 14 series panels.

  The sales of Apple’s iPhone 14 Pro series models have exceeded Apple’s expectations, and more LTPO OLED panels are currently being ordered from Samsung. Previously, Samsung expected to produce 130 million OLED panels for iPhone. At present, this number has risen to 149 million, which means that Samsung has received about 20 million orders for Apple iPhone 14 series panels.

  Meta’s social platform Instagram launched chat payment function for enterprises.

  Instagram, a social platform owned by Meta Platforms, said that the company launched the function of paying in chat to provide customers with more convenient trading services.

  Disney CEO is considering merging its streaming media platform Disney+ with Hulu.

  Bob Chapek, chief executive of Disney, is considering merging the streaming service Hulu with Disney+ to create a single online option for watching the company’s movies and TV shows in the United States.

  Microsoft’s acquisition of Activision Blizzard faces in-depth investigation.

  Microsoft’s $75 billion acquisition of Activision Blizzard, a video game manufacturer, faces in-depth investigations in the European Union and the United Kingdom. There is growing concern that this transaction is anti-competitive and will prevent competitors from obtaining the best-selling game "Call of Duty". According to two people familiar with the matter, after Microsoft decided not to provide any improvement measures at this stage, CMA is expected to conduct an in-depth investigation this week.

  Apple surpassed Tesla to become the number one short target for the first time since the epidemic.

  According to S3Partners, a financial analysis company, Apple is now the number one target of Wall Street bears, surpassing Tesla for the first time since the outbreak of the new crown epidemic. As of Wednesday, Apple’s short position was $18.4 billion, while Tesla’s short position was $17.4 billion. S3Partners reported that since April 2020, Tesla has been the number one short-selling target for 864 consecutive days until it was replaced by Apple. The third largest short-selling target of US stocks is Microsoft, with a short position of $11 billion, far behind Apple and Tesla.

  Honda will stop production of fuel motorcycles, and the target sales of electric motorcycles in 2026 will be 3.5 million.

  Honda recently announced that two-wheeled gasoline vehicles will be discontinued in the mid-1940s, and new vehicles will be converted into pure electric (EV) motorcycles. At present, the annual sales volume of Honda’s electric motorcycles is 100,000-200,000, which is less than 1% of the whole. By 2026, it will increase to 1 million vehicles, and in 2030, it will increase to 3.5 million vehicles, reaching 15% of the total.

  Samsung Electronics announces $5 billion carbon neutral investment plan.

  Samsung Electronics said on Thursday that it plans to invest 7 trillion won (about 5 billion US dollars) in green initiatives and lobby South Korea to increase more clean energy, with a view to reversing the rising trend of emissions and achieving the goal of zero net emissions by 2050.

  futures

  Futures closing: domestic commodity futures closed mixed. SC crude oil rose by nearly 5%.

  On September 15th, domestic commodity futures closed mixed, SC crude oil rose by nearly 5%, coke and coking coal rose by over 3%, cotton rose by over 2%, and rubber, low sulfur fuel, Shanghai tin, pulp and Shanghai aluminum rose by over 1%. Styrene fell more than 2%, rapeseed meal, soybean meal, PVC, soybean meal, palm oil and ethylene glycol fell more than 1%.

  International futures

  Finland’s parliament approved a supplementary government budget on the 14th to provide loans and guarantees of 10 billion euros to the country’s power companies, so as to resolve the liquidity risks brought by high electricity prices to related enterprises and ensure the effective operation of the power market.

  According to statistics released by the Japanese Ministry of Finance, Japan’s total LNG imports from Russia in August increased by 211.2% year-on-year, while crude oil imports decreased by 20.3% year-on-year.

  According to market news, Russia is considering imposing export tariffs on coal.

  Market News: Indonesia lowered the reference price of crude palm oil from September 16th to 30th to USD 846.32/ton, and lowered the export Tax to USD 52/ton.

  Kazakhstan’s Minister of Agriculture Karashukov signed an order on September 14th to officially lift the restrictions on the export of wheat and flour.

  bond

  Treasury futures collectively closed down.

  On September 15th, treasury bond futures collectively closed down, with the 10-year main contract falling by 0.04%, the 5-year main contract falling by 0.07% and the 2-year main contract falling by 0.02%.

  China Securities Convertible Bonds closed down 0.79%

  On September 15th, CSI convertible bonds closed down 0.79% to 413.66, with a turnover of 49.44 billion yuan. Jinlang convertible bonds fell more than 12%, Guiguang convertible bonds and Bert convertible bonds fell more than 10%, and Panlong convertible bonds fell more than 9%; Haibo convertible bonds rose by more than 4%, Changji convertible bonds rose by more than 3%, Shenglan convertible bonds and full-construction convertible bonds rose by more than 2%.

  Exchange bonds closed, and most real estate bonds rose.

  On September 15th, exchange bonds closed, and most real estate bonds rose. 19 Shimao 01 rose over 15%, 20 Bidi 02 rose over 10%, 21 Bidi 03, 20 Zhongjun 03 rose over 9%, 21 Longkong 03 rose over 9%, 20 Bidi 04 and 20 Bidi 03 rose over 7%. "15 Shimao 02" fell more than 7%, "20 Longkong 04" and "21 Rongchuang 03" fell more than 1%.

  The Shanghai Interbank Offered Rate (Shibor) is mixed.

  On September 15th, overnight shibor reported 1.2260%, up 5.30 basis points; In 7 days, shibor reported 1.5470%, down 1.00 basis points; Shibor reported 1.4600% in 14 days, up by 1.10 basis points; In January, shibor reported 1.5080%, which was the same as the previous trading day; In March, shibor reported 1.5990%, which was the same as the previous trading day.

  The Bank announced the winning bid results of four financial bonds.

  On September 15th, 2022, The Export-Import Bank of China issued the 15th financial bond (13 additional issues) (5 years), and the bidding result: the weighted winning rate of return was 2.5635%, and the bidding multiple was 3.53.

  The Export-Import Bank of China’s third financial bond in 2022 (14 additional issues) (3-year period), the bidding result: the weighted winning yield is 2.2625%, and the bidding multiple is 4.36.

  The 11th financial bond of The Export-Import Bank of China in 2022 (additional issuance 4)(10-year period), the bidding result: the weighted winning yield is 2.9270%, and the bidding multiple is 2.98.

  The Export-Import Bank of China discounted financial bonds in the 32nd issue in 2022 (three-month period), and the bidding result: the weighted winning yield is 1.1262%, and the bidding multiple is 3.79.

  Xinhua Lian Holdings: declare the creditor’s rights to the administrator before October 28th, and hold the first creditors’ meeting on November 8th.

  Xin () Co., Ltd. issued an announcement on creditors’ declaration of creditor’s rights. On September 7, 2022, Beijing No.1 Intermediate People’s Court published the announcements of "(2022) Jing 01 Broken No.199" and "(2022) Jing 01 Broken No.198" on the National Enterprise Bankruptcy and Reorganization Case Information Network. According to the announcement, the creditors of Xinhualian Holdings and Xinhualian Mining should declare their claims to the administrator before October 28, 2022. Creditors shall declare their creditor’s rights through the creditor’s rights declaration website. The first creditors’ meeting will be held at 9: 00 on November 8, 2022 in a combination of on-site and online.

  Oceanwide Holdings: The total amount involved in litigation and arbitration is 597,364,400 yuan.

  () The joint stock limited company announced that, as of September 15th, 2022, except for the disclosed litigation and arbitration cases, the total amount involved in litigation and arbitration of the company and its holding subsidiaries in 12 consecutive months was 597,364,400 yuan, accounting for 10.33% of the company’s latest audited net assets (5,784,797,000 yuan).

  Moody’s: The rating of China Everbright Holdings was confirmed as "Baa3/P-3" and the outlook was adjusted to "negative".

  Moody’s report confirmed that China Everbright Holdings Limited’s long-term and short-term issuers of local currency and foreign currency were rated as "Baa3/P-3". Moody’s also maintained the company’s independent evaluation at "Ba3". In addition, Moody’s confirmed the long-term foreign currency rating of "Baa3(hyb)", a senior unsecured perpetual debt of China Everbright Holdings. At the same time, Moody’s adjusted the entity outlook of China Everbright Holdings from "stable" to "negative".

  Fitch: Downgrading the rating of Ocean Shipping Group to "BB" and maintaining the negative watch list.

  Fitch reported that it downgraded the default rating and senior unsecured rating of long-term foreign currency issuers of COSCO Group Holdings Limited from "BB+" to "BB". All ratings are maintained on the negative watch list.

  fund

  Stock ETF daily

  On September 15th, iFinD data showed that 76 of the 595 stock ETFs in the market rose that day. The top gainers are: real estate ETF rose by 3.59%, real estate ETF rose by 2.95%, Wanchuang 100ETF rose by 2.78%, real estate ETF fund rose by 2.52%, and bank ETF rose by 1.26%.

  The top turnover is: SSE 50ETF is 3.355 billion yuan, CSI 300ETF is 2.414 billion yuan, CSI 1000ETF is 2.387 billion yuan, CSI 1000ETF is 2.272 billion yuan, and CSI 1000 index ETF is 1.971 billion yuan.

  Another fund is on the verge of liquidation. Since September, a total of 18 funds have issued tips.

  According to the China Fund, last night, CCB Fund announced that as of September 14th, 2022, CCB Securities has subdivided the theme ETF of nonferrous metals industry for 49 consecutive working days, and the net asset value of the fund was less than 50 million yuan. If the net asset value of the fund is still less than 50 million yuan on September 15th, it will trigger the termination of the Fund Contract and enter the liquidation procedure according to the agreement, and there is no need to convene a meeting of fund share holders. According to the statistics of Funjun, in addition to the above two funds, 18 funds have issued announcements since September, saying that it may trigger the termination of fund contracts. Among them, 16 funds disclosed their operating data as of the announcement date, and explained the specific circumstances that may touch the termination of fund contracts.

  "Veteran" Deng Hui will resign as general manager of Soochow Fund.

  Recently, there is market news that Deng Hui, a well-known "veteran" in the industry, will resign as the general manager of Soochow Fund, but his next step is still unknown. It is worth noting that on September 9, the Soochow Fund disclosure announcement showed that Deng Hui "took over" the financial controller of Soochow Fund.

  Recently, many companies have actively participated in the establishment of industrial funds.

  According to incomplete statistics, since the second half of 2022, more than 100 listed companies have announced their participation in the establishment of industrial funds, of which about 40% intend to invest in emerging industries such as new energy and new materials. The market believes that by participating in the establishment of industrial funds, listed companies will invest in emerging industries strongly supported by policies such as new energy and new materials, which will help bring greater growth space for the company’s development and create new growth poles.

  foreign exchange

  On September 15th, the onshore RMB closed at 6.9775 against the US dollar at 16:30, down 145 points from the previous trading day.

  Foreign exchange bureau: In August 2022, the bank settled 1,586.4 billion yuan of foreign exchange and sold 1,416.2 billion yuan of foreign exchange. From January to August, 2022, banks accumulated foreign exchange settlement of 11,681.4 billion yuan, and accumulated foreign exchange sales of 10,971.9 billion yuan. In dollar terms, in August 2022, the bank settled foreign exchange of 233.5 billion US dollars and sold foreign exchange of 208.4 billion US dollars. From January to August, 2022, the bank accumulated 1,782.7 billion US dollars in foreign exchange settlement and 1,673.3 billion US dollars in foreign exchange sales.

  At the end of August, China’s central bank held RMB 21.3 trillion in foreign exchange. At the end of August, China’s central bank’s foreign exchange holdings decreased by 2.23 billion yuan.

  A number of traders said that South Korea’s foreign exchange authorities are selling dollars to curb the decline of the won.

  A. Shaktivel, chairman of the Federation of Indian Export Organizations (FIEO), said that after state bank of india agreed to facilitate the new mechanism, India will soon use Indian Rupee for trade with Russia.

"Run" and "Run for ten"! All the brothers came in the spring and set off romantically!

Today, Zhejiang Satellite TV’s "Run" released a concept poster in the tenth season, announcing that the pace of warm start-up is approaching with "Run! Run!" On the scene of Zhejiang Satellite TV’s 2022 spring blockbuster communication meeting, Yao Yitian, the general director, officially announced this season’s MC lineup. The members of the brothers group, Jerry Lee, Angelababy, Ryan, Sha Yi, KUN, Bailu and Charlie, assembled in the form of "group chat" to jointly start a new season of happy running.

The brothers’ group is ingenious and announces with "group chat"

"red envelope for starting work" announces the warm start of the tenth season

All along, "Running" has brought fresh and unique experiences to the audience with innovative themes and contents. On the occasion of "Running Ten", the members made an official announcement in the form of "group chat". At the event site, the general directors Yao Yitian and Sha Yi "patted" the members of the Brothers Group one by one in the "Run" WeChat group to complete the assembly ceremony. Yao Yitian, the general director, also sent 10 yuan’s "red envelope for starting work" in the group chat with great sense of ceremony, which means that the tenth season is perfect.

Brothers share the new expectation of "Running Ten"

The surprise joining of White Deer and Charlie triggered expectations.

In the face of the "running" in the tenth season, the members not only have infinite feelings of "running for ten", but also look forward to the future. In the video call, the brothers also put forward "small requirements" to the general director: Jerry Lee hopes that Yao Yitian can take care of himself; Angelababy wants to invite more new friends to play together; Ryan asked Yao Yitian’s hairstyle and makeup to "stand up"; KUN proposed to challenge "one-day PD"; White deer ridiculed "I hope Yao Dao can accept three punishments with us."

In addition, Charlie, who failed to connect to the scene, also sent a video. In the video, Charlie said that he was "very happy to join the" Run "family" and invited Jerry Lee to form an alliance. All kinds of warm and "grounded" and a little "naughty" requirements show the deep friendship between the brothers and the program group.

As a popular national variety show, "Run" is constantly being iteratively updated along the way. Now, the "Run" of "Running Ten" has set off again. It will organically integrate fun and public welfare with a more youthful look, more diverse themes and more diverse ways of playing, and focus on amateur guests and moving stories from all walks of life, showing the sense of responsibility and value of national variety in laughter.

Ministry of Finance: In July, the national lottery sales reached 36.149 billion yuan, a year-on-year increase of 10.4%.

  Beijing, Sept. 8 (Xinhua)-The website of the Ministry of Finance announced the national lottery sales in July 2020 on the 8th. In July, the national lottery sales totaled 36.149 billion yuan, an increase of 3.415 billion yuan or 10.4% over the same period of last year. Among them, the sales of welfare lottery institutions was 15.436 billion yuan, an increase of 390 million yuan, an increase of 2.6%; The sales of sports lottery institutions reached 20.713 billion yuan, up 3.025 billion yuan or 17.1% year-on-year.

  From January to July, the national lottery sales totaled 160.049 billion yuan, a year-on-year decrease of 85.281 billion yuan or 34.8%. Among them, the sales of welfare lottery institutions was 74.724 billion yuan, a year-on-year decrease of 38.078 billion yuan or 33.8%; The sales of sports lottery institutions reached 85.325 billion yuan, a year-on-year decrease of 47.202 billion yuan or 35.6%.

  In July, the sales of lottery digital lottery tickets reached 22.422 billion yuan, up 3.306 billion yuan or 17.3% year-on-year. The sales of quiz lottery tickets was 9.31 billion yuan, up 1.122 billion yuan or 13.7% year-on-year; The sales of instant lottery tickets was 2.674 billion yuan, an increase of 468 million yuan, an increase of 21.2%; The sales of video lottery tickets was 1.729 billion yuan, a year-on-year decrease of 1.479 billion yuan or 46.1%; The sales of Keno lottery tickets was RMB 13 million, a year-on-year decrease of RMB 02 million or 14.5%. In July, the lottery sales of digital lottery, quiz lottery, instant lottery, video lottery and Keno lottery accounted for 61.9%, 25.8%, 7.4%, 4.8% and 0.1% of the total lottery sales respectively.

  From January to July, the sales of lottery digital lottery tickets reached 112.644 billion yuan, a year-on-year decrease of 17.696 billion yuan or 13.6%. The sales of quiz lottery tickets was 26.392 billion yuan, a year-on-year decrease of 44.088 billion yuan or 62.6%. The sales of instant lottery tickets reached 14.167 billion yuan, a year-on-year decrease of 1.851 billion yuan or 11.6%. The sales of video lottery tickets was 6.794 billion yuan, a year-on-year decrease of 21.604 billion yuan or 76.1%. The sales of Keno lottery tickets was 51 million yuan, a year-on-year decrease of 42 million yuan or 44.9%. From January to July, the lottery sales of digital lottery, quiz, instant lottery, video lottery and Keno lottery accounted for 70.3%, 16.5%, 8.9%, 4.2% and 0.1% of the total lottery sales respectively.

  In July, compared with the same period of last year, lottery sales in 28 provinces increased, among which Guangdong, Jiangsu and Shaanxi increased more, increasing by 481 million yuan, 465 million yuan and 226 million yuan respectively. From January to July, compared with the same period of last year, lottery sales in 30 provinces in China declined.

Sustainability column

Walking along the blue coast of South France, Yuan Qi came across an antique motorcycle jacket, and Cui Jian’s music just sounded in his ear, so the old memories of old Beijing were passed on in the texture and texture of second-hand clothes. The creative director and founder of BUERLANGMA (RYZYORYUAN) believes that the concept of circular wardrobe can give sustainable responsibility and feelings to the whole fashion industry chain.

He shared this view at the "Forces of Fashion". It is reported that since 2016, the event has been held in London, new york and other places, and it has become an annual event in the fashion industry that brings together creative pioneers, artistic talents, industry elites and cutting-edge topics. This year’s agenda and discussion have added sustainable issues.

The concept of sustainability implied by ancient culture just responds to the waste of fashion design industry. According to the data of China Resources Comprehensive Utilization Association, about 26 million tons of old clothes are discarded every year, which is expected to reach 50 million tons by 2030, with a recycling rate of less than 1%. According to the report of The New York Times, about 15%-20% of the cloth in the production process of clothing is wasted because it has not been "actuarial" and designed, and countless discarded fabrics are finally thrown into landfills.

In this grand event, besides exploring the resource recycling model, the discussion around "sustainable fashion" has also contributed more views from different dimensions. An obvious trend is that "sustainability" is becoming one of the important labels of the whole fashion design industry.

"The use of second-hand clothing can prolong the service life of clothing, reduce the burden of consumption purchase and production for the society to a certain extent, and contribute to the rational allocation of resources and environmental protection. It is a sustainable market circulation model." A researcher from the energy group of an international environmental protection organization told Wall Street that this model reduced the negative externalities caused by commodities to the environment.

According to what Wall Street has learned, second-hand clothing is divided into different value types according to factors such as time and usage, among which retro clothing is the most representative. Retro is to lead the new fashion through the elements of the old times, while retro clothing refers to the presentation of design elements in a certain historical period in today’s clothing products, full of nostalgia and classic style; At the same time, it also represents a generally recognized product concept, that is, fashionable products with a certain style produced during the 1920s to 1980s, which are called "Vintage" and "antique".

This natural integration of fashion style and sustainable concept provides a model worthy of reference for sustainable fashion. At present, the restoration of ecological resources has become a hot topic, and the meaning of sustainable clothing design as an effective strategy to solve this problem has also expanded to a deeper distance.

"Different from the traditional clothing development and production mode, sustainable clothing design not only pursues the aesthetics and comfort of clothing, but also takes the benign development of ecological environment as the most basic purpose, carries out scientific design practice from a systematic and long-term perspective, reduces a large number of energy and resource consumption caused by overproduction and over-packaging, reduces the generation and discharge of a large number of pollutants such as waste water and waste during production and transportation, and highlights the value connotation of ecological environment in all links." An insider who has been tracking and observing the green transformation of the fashion industry for a long time told Wall Street what he saw and heard at the scene.

According to Mackenzie’s "The Fashion on Climate" report, taking textiles as an example, at present, less than 1% of textile waste is recycled to make new products. Therefore, as far as the current market share is concerned, the proportion of fashion sustainable goods is still not high, and many brands still have a lot of room for improvement in the research and development and application of sustainable materials.

GFA organization pointed out that based on the continuous improvement and maturity of technologies such as recycling, the fashion industry should achieve 80% recycling of resources in 2030, which will require enterprises to focus on exploring the resource recycling model and increase investment in new technologies such as recycling technology. On-the-spot view also believes that the effective link of fashion, natural resources and environmental protection will be the key to realize this responsible vision.

The definition of fashion industry by the United Nations Sustainable Fashion Alliance includes the whole process from the extraction of raw materials to the end of the product life cycle, which also includes the recycling elements of material reuse, repair/reuse and recycling.

Redesign of existing waste fabrics, such as "fabric recycling", changes the original appearance of fabrics through artistic design techniques such as folding, folding, weaving, shrinking and stacking, giving them a unique texture and texture, and innovative design concepts of carbon neutrality, such as green chemistry, green synthesis and plastic recycling, have also appeared in this brainstorming of fashion.

At the grand event, from the contemporary design of China in MARKGONG’s futuristic fashion, which was mentioned by actor Chen Bige, to the minimalism of modernism aesthetics that influenced Proenza Schouler, and the concern about the situation of multi-groups caused by a photo, it was shown that fashion, as an aesthetic or trend in a specific period, designed life from multiple dimensions-how to shape self-image and lifestyle. What kind of work and social circle to choose, or even what kind of values to follow, are closely related to the leading power of fashion culture.

However, academic research has found that under the background of post-epidemic era, the concept of consumption has been remolded, and the concept of environmental protection and spiritual needs have become its important value shift. Modern people pursue higher emotional needs such as beauty and fashion, show their individuality and seek green environmental protection. The design with the label of "temperature and feelings" can arouse emotional resonance, and the design thinking has changed from traditional material-oriented to emotional-oriented, and the material design has gradually changed to service-oriented design.

Sustainable design is a thinking mode that considers economic, environmental, moral and social issues in a balanced way. It is intended to think about design itself, guide and meet consumer demand, and it is a practical process of deep thinking on the relationship between human development and environmental issues and continuous seeking for change in the design field, emphasizing the organic combination of "man-machine-environment".

According to the analysis of on-site industry insiders, after accurately focusing and subdividing the audience, it should be an important value orientation of sustainable fashion to build the context of their emotional needs, and convey the spiritual and cultural value connotation through sustainable design symbols.When the designer indirectly conveys the sustainable ideas and intentions such as environmental protection, recycling and low-carbon life to the audience through "redesign", consumers reach the design ideas conveyed by the designer by understanding the "story" behind them, which then causes emotional resonance and precipitates unique culture and brand symbols.

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