Solving problems and optimizing process Yangpu actively builds roof of the world with high quality and development in Hainan.

CCTV News:Since its launch in 2018, the construction of Hainan Free Trade Port has gone through five years. This year, Hainan Province has fully started preparations for the island’s customs clearance operation. At present, the first batch of 25 stress testing projects are in full swing. Today (July 7), the "High-quality Development Research Bank", let us follow the reporter into the model room for the construction of Hainan Free Trade Port — — Yangpu Economic Development Zone, take a look at what changes are being brought here by the preparations for the island’s closure? 

The reporter’s interview in Yangpu began with a door-to-door investigation following the special class of enterprise work of Yangpu Bonded Port Development Bureau. Less than a month after the enterprise was put into production, it encountered the embarrassment of temporarily stopping production.

Person in charge of the enterprise:In the process of tariff operation, we encounter some problems, especially the problem of tax refund for raw materials entering and leaving the area.

The person in charge of the enterprise told the reporter that the reason why Yangpu was chosen was that it was optimistic about the dividend of the policy. However, because the enterprise just landed and did not know enough about the customs declaration procedures, the enterprise failed to enjoy the preferential tax refund policy when purchasing accessories.

Reporter:Production stopped just after it was put into production. Is there any loophole in the policy?

Zhang Hongguang, Director of Development Bureau of Hainan Yangpu Bonded Port Area:Because it is the first time for him to put into production here, and it is also the first time to apply the policy of duty-free processing value-added, some problems can only be revealed through gradual experience. 

In Zhang Hongguang’s view, the tax rebate problem encountered by enterprises is a very important one of the 25 stress tests being conducted by the government. The other 24 projects also include bonded maintenance of enterprises with two ends outside, simplifying the import license management of mechanical and electrical products, and expanding the scope of acceptance of third-party inspection of import and export commodities. The results of the stress test directly affect the success or failure of the island’s closure operation before 2025.

Zhang Hongguang, Director of Development Bureau of Hainan Yangpu Bonded Port Area:I welcome this big exam with them. We hope that they will ask more questions and leave us more homework, because the more homework we do, the more we will know what the problem is, and then we can get good grades in the exam. 

In 2007, China’s fourth bonded port area — — The establishment of Yangpu Bonded Port Area in Yangpu Economic Development Zone, although its area is only 2.26 square kilometers, marks a new step for Yangpu’s opening to the outside world.

In June 2020, the "Overall Plan for the Construction of Hainan Free Trade Port" was released, and Yangpu was given five unique free trade port policies, taking on the heavy responsibility of being the pioneer and demonstration area of the free trade port.

A number of reform policies and innovation systems were first launched in Yangpu — — The port of registry of "China Yangpu Port" signed the first Certificate of Ship Nationality here; "Zero tariff" raw and auxiliary materials import completes the first business here; Foreign trade ships with the same ship fill the first bonded oil here; China’s first "zero tariff" imported transport ship was cleared here.

A series of preferential policies attract enterprises to rush to Yangpu. By the end of June this year, there were more than 4,800 registered enterprises in the bonded port area alone. By 2025, the preferential policies and advanced practices of the bonded port area will be extended to the entire Yangpu Economic Development Zone of 114 square kilometers, and the coverage will be expanded by 50 times.

CCTV reporter Zheng Liankai:The fence behind me is Yangpu Bonded Port Area, which was established in 2007, with an area of only 2.26 square kilometers. In the future, with the completion of the operation project of Yangpu Port, the preferential policies enjoyed by enterprises in the region will be expanded to the whole Yangpu Port Development Zone and even the whole island of Hainan, and a more intelligent and efficient port supervision system will replace these fences.

At Xiaochantan Wharf in Yangpu, the construction site of the free trade port closure operation project is busy, and it is expected to be completed and put into use at the end of September. According to the standard of "first-line liberalization and second-line management", the import and export procedures of goods throughout the island can be handled here in the future. In other words, overseas goods and goods in the free trade port can freely enter and exit here without customs supervision, while goods entering and leaving the free trade port need to be subject to routine supervision.

According to the design scheme, the facilities and equipment of the first-line port and the second-line port can share resources, and the customs clearance process can be completed through different streamlines.

Zhang Hongguang, Director of Development Bureau of Hainan Yangpu Bonded Port Area:The red one is the streamline of the first line, and the green one is the streamline of the second line. They are not crossed. If inspection is needed, they can share this inspection platform. The ultimate goal of doing this is to ensure that the first line can be truly liberalized and the second line can be truly controlled.

Government and enterprise join hands to solve problems and optimize the process

Yangpu Economic Development Zone is a "model room" in the construction of Hainan Free Trade Port. For the local government, the construction of free trade port is a blue ocean, and there is no mature experience to follow. For the enterprises stationed here, it is also crossing the river by feeling the stones. With the closing operation approaching, how do the government and enterprises undertake the task of stress testing and join hands to "cross the road"?

Auska Grain and Oil, located in the Bonded Port Area of Yangpu Economic Development Zone, is the first large-scale entity enterprise introduced here after the release of the Overall Plan for the Construction of Hainan Free Trade Port in 2020. When the reporter first came here, the operation team was having a weekly meeting.

Although the operation of the enterprise is gradually on the right track, the initial landing is not easy. Three years ago, the 208 mu of land where the factory was located was still a wasteland full of shrubs and stones. During the construction period, the high temperature and rainy climate brought great difficulty to the project promotion. However, it is under such conditions that this enterprise has proposed to create the fastest speed for the establishment of a free trade port.

Zhang Hui, Chairman of Hainan Aosika International Grain and Oil Co., Ltd.:Because the year 2025 is very close, it is necessary to carry out the stress test of the detailed policy after the factory is built. The earlier it is, the better it will be for the future stress test, so it is not to seize the fastest speed of the construction of the free trade port, no, it is to seize the stress test time of the free trade port.

Unfavorable natural conditions did not stop the progress of the project. With the help of the government, enterprises worked overtime to catch up with the construction period, and it took only half a year for the factory to start and complete, which was three quarters less than the conventional time. Although the factory has been built, Zhang Hui and her colleagues are facing greater challenges.

According to the original customs declaration system, grain and oil products have to pay 9% tariff when they leave the customs declaration area, while according to Yangpu’s latest policy, raw materials can be exempted from tariff if their value-added after processing exceeds 30%. The policy is favorable, but because of the initial operation, the data systems of customs and other departments are incompatible with the public service platform of Hainan Free Trade Port to a certain extent, and the customs declaration has been unsuccessful. In order not to delay the delivery time and cause breach of contract, many departments came to the enterprise together to study the customs clearance and exit strategy on the spot, debug the system and go through the formalities.

Zhang Hui, Chairman of Hainan Aosika International Grain and Oil Co., Ltd.:It was very difficult at that time, but the customs moved me. They said that the system was a system, and we helped you lift the pole manually to solve it. I couldn’t satisfy one department’s overtime work, and I couldn’t satisfy one department. I added other departments, which moved me badly at that time, because we had a large volume, and we had to go out more than 1000 tons and many cars every day.

When encountering problems, solve them. Multi-department collaborative office, so that enterprises feel the determination and sincerity of the development of free trade port. On the second floor of this enterprise, there are four conference rooms of different sizes from the beginning. At the beginning of operation and production, these conference rooms will welcome different government workers every day.

Zhang Hui, Chairman of Hainan Aosika International Grain and Oil Co., Ltd.:The production license we proposed should be handled in advance, and our director (Market Supervision Administration) said, "If you dare to take responsibility and take the initiative, I can allow you to handle the production license first, but I will come to check and accept it before you put into production. If you don’t meet the requirements, I will take back your production license."

In the process of constantly solving problems, these pioneering enterprises are also the first to feel the brand-new policy of the free trade port. Zhang Hui’s company enjoyed the zero-tariff policy of imported equipment for its own use when it was built, and became the first enterprise in China to enjoy the tariff-free policy of processing value-added after it was put into production. Because of preferential policies and considerate services, more and more domestic and foreign enterprises have settled in this hot land.

Reporter:It just feels like a group of people who want to do things get together.

Zhang Hui, Chairman of Hainan Aosika International Grain and Oil Co., Ltd.:There is a kind of enthusiasm that can be accomplished. Actually, I am over 60 years old and retired before, but for the sake of free trade port, I said I would like to work for another 20 years.

The government’s service spirit of "shop assistant" injects confidence into enterprises

Attracted by the free trade port policy, over the past three years, more and more enterprises have invested in the bonded port area of Yangpu Economic Development Zone. The number of enterprises in the park has increased from more than 160 to more than 4,800 at present. Now, the scope of choice of enterprises is spreading from the bonded port area to the whole Yangpu Economic Development Zone. Many business leaders told reporters that the confidence of enterprises to develop here comes from the constantly improving business environment in the local area.

Song Liwu, Enterprise Service Commissioner:At the beginning of the year, we learned that the annual output value of the enterprise is about 100 million yuan, but the middle of the year has passed, and we actually have only more than 30 million yuan. I want to know what the main reason is.

Person in charge of the enterprise, Ran Dongsheng:If the coil belongs to the trial run stage, the output value will be raised after the formal production of the coil.

Now, the government workers in Yangpu Economic Development Zone have turned door-to-door service into the norm. In order to co-ordinate resources and fully build a model room of Hainan Free Trade Port, in 2021, the decision on the integrated development of Danzhou City and Yangpu Economic Development Zone officially landed. In April last year, Danzhou moved the Science, Technology and Industrial Information Development Bureau from the city to Yangpu Economic Development Zone, 60 kilometers away. In the same month, the first business environment construction bureau in Hainan Province was established here. At the end of May last year, Danzhou City also officially introduced the enterprise service specialist system, so that enterprises can have specific docking people when they encounter problems.

Liu Tong, Director of Danzhou Science and Technology and Industrial Information Development Bureau and Chief Service Commissioner:We told the enterprise service specialist that no matter what problems the enterprise has, you will accept all the orders. For example, children go to school, such as accommodation for new employees, production, transportation, logistics, import and export customs clearance, etc., first of all, let enterprises feel that there are government departments serving him.

The improvement of the business environment has an intuitive feeling for everyone who comes to Danzhou Yangpu to start a business. Since the beginning of this year, Danzhou has reorganized and optimized the launch of 93 "one thing at a time" items to achieve online processing; A total of 51 convenience service stations have been built throughout the city, and 102 high-frequency government service items such as "notarization of motor vehicle driver’s license" and "notarization of academic qualifications (degrees)" have been realized. At the same time, we will promote the handheld, online and one-time administration of government services.

Wang Jian, General Manager of Yangpudong Fang Yuhong Building Materials Co., Ltd.:(All kinds of services) enable us to put into production quickly, make our enterprises feel the spirit of "shop assistant" of the local government, and also inject confidence into our foreign enterprises to operate in the local area.

Zhang Liang, Deputy Director of Danzhou Business Environment Construction Bureau:In the aspect of administrative examination and approval reform, the Business Environment Bureau has transferred more than 900 items of examination and approval since its establishment, simplifying the process and shortening the time limit. In the aspect of surface restoration of the business environment, the municipal leaders have taken the lead and conducted special research, and concentrated on solving a number of legacy problems with long time span and high complexity. 

Nowadays, with the deepening of "model room", the content of government service enterprises is also being adjusted. From receiving all the orders to providing accurate and in-depth services to key issues. At the same time, with the increase of enterprises, in order to solve the problem that the number of service personnel is small and the energy can’t keep up, the local government upgraded the enterprise service Commissioner to the industrial service Commissioner.

Liu Tong, Chief Service Commissioner of Danzhou Science and Technology and Industrial Information Development Bureau:An industrial service specialist can comprehensively serve the whole industry with several other service specialists, and classify the problems.

What foreign investors and employed people are willing to leave behind is not only the constantly improving business environment, but also the feeling of quietly changing experience in their lives.

Zhang Hui, Chairman of Hainan Aosika International Grain and Oil Co., Ltd.:You see, we have everything we need now. The bike-sharing, the gymnasium, the reading room, the library, the cinema and the matching apartments for talents have all come out.

The team of "studying abroad" has grown and chosen talents from all over the world to use.

Cities are wonderful because of people. While building a model room of Hainan Free Trade Port, Yangpu also extends an olive branch to the global elites. Lin Guangming is an urban planner recruited by Yangpu from Singapore. Government departments employ foreigners to lead urban planning, which is also rare in the country. Lin Guangming laughed and called himself a "school of studying abroad", that is, a person who stayed in Yangpu. What changes are taking place in Yangpu in his eyes? What kind of city will Yangpu be in the future? Keep looking.

In Yangpu, Lin Guangming’s office hangs the famous brand of the chief planner. In June, 2020, the policy of free trade port landed in Hainan. At that time, Lin Guangming was still a government official of the Ministry of National Development, and had worked in the field of urban planning and design for 15 years, during which he had cooperated with China government departments. Entrusted, he began to look for a city planner for Yangpu. Unexpectedly, I became the final candidate.

Lin Guangming, Chief Planner of Yangpu Economic Development Zone Management Committee:Planners are in love with the land and have feelings. Practically speaking, every piece of land has life, so that is to say, it can carry something. As planners, we will basically have a feeling when we set foot on that piece of land.

I decided to set foot on this land because Yangpu people gave him the main planning work of this city. This is a trust and a heavy responsibility. It was also in that year that her beloved daughter was just born, and in the age of no doubt, he took his family across the ocean to find a dream.

Now, the child is three years old, and he has also completed the planning and design of a series of major projects, such as the land space planning of Yangpu Economic Development Zone, the strategic planning of the development around Xinyingwan, and the design and renovation of Yangpu Exhibition Hall.

In May 2022, after the promulgation of Danzhou Yangpu Integrated Development Plan, seven towns and villages in Danzhou City, which are close to Xinying Bay, were included in the Danyang Integrated Development Planning Area. As can be seen from these two pictures, this new development planning area is very close to Singapore in terms of area and shape, which further inspired Lin Guangming’s creative inspiration. He went into the rural areas and fishing ports of Danzhou and translated the design concepts accumulated in Singapore for many years here.

Lin Guangming, Chief Planner of Yangpu Economic Development Zone Management Committee:Why do I come here, hoping that this place will have great potential in the future. This is the old Kela Wharf in Singapore, and then it has been updated to become a tourist destination with 12 million tourists a year. Our New English Bay is very imaginative, and we can do this function in the future. 

People gather because of the city, and the city prospers because of people. In Yangpu, not only international talents like Lin Guangming can enjoy high salary and welfare, but also preferential policies for senior technicians are constantly landing. Full-time junior college and senior workers in key employers can also enjoy a housing subsidy of 1,600 yuan/month.

In 2022, the number of permanent residents in Yangpu increased by 10% compared with the previous year. Since the beginning of this year, another 3,500 distinguished talents have received big gift packages from the government. Like Lin Guangming, the team of "studying abroad" is growing stronger and stronger, and he has a bolder design for Yangpu in the future.

Lin Guangming, Chief Planner of Yangpu Economic Development Zone Management Committee:Combined with the conditions of some policies for the construction of Hainan Free Trade Port, this city can achieve low housing prices, no traffic jams and no crowded space. We hope that the population will be more than 300,000 from now on, and the population will reach one million or even more in the future.

To build a new city with a population of one million, Lin Guangming has made a long-term plan for the integrated development zone of Yun Yang with the shape of a germ. In the next 15 years, this 770-square-kilometer land will be divided into seven industrial zones, including wind power equipment, green petrochemicals, new materials, high-end manufacturing, intellectual innovation products, healthy food and port and shipping logistics, with an estimated total economic output of over 300 billion yuan, making it a high-quality development roof of the world in Hainan after Haikou and Sanya.

Toes are scared! Tony Leung Chiu Wai committed "social fear" again and was caught by netizens.

1905 movie network news The well-known "social fear king" was caught by netizens a few days ago, capturing the behavior of "social fear", but this time it did not appear in expression management, but — — Toes.


A few days ago, Tony Leung Chiu Wai took a group photo with the chef of the sushi restaurant after eating in a famous Japanese restaurant. In the photo, Tony Leung Chiu Wai is wearing a white shirt with a shy smile on his face; Carina Lau was wearing a black patchwork floral skirt, and the husband and wife stood on both sides of the master and took a group photo. However, eagle-eyed netizens found that Tony Leung Chiu Wai’s toes were strangely bent and dug at the moment of "freezing", and his honest physiological reaction amazed netizens.


After the photo was exposed, netizens left messages about Tony Leung Chiu Wai’s "social terror-style digging", saying: "Cute to death", "I’m about to be laughed to death by the social terror film emperor", "I’m really embarrassed to scratch the ground with my toes" and "inexplicably cute", but some curious netizens made funny guesses: "Is it possible that his toes are better than yeah?"


Power consumption is 260,000 kWh a day! Virtual currency "mining" was included in the elimination list.

Wen | Yang Weige

According to the website of Jiangsu Communications Administration, the bureau recently conducted a comprehensive investigation of Jiangsu Province.Virtual currency "mining" behavior, monitoring found that the export flow of mining pools in Jiangsu Province to carry out virtual currency activities reached 136.77Mbps, and the total number of Internet IP addresses participating in "mining" was 4,502, which consumed computational power.The resource exceeds 10PH/s, and the energy consumption is 260,000 kwh/day.
Take Ethereum and Bitcoin, which have more virtual currency mining activities in the province, for example, Suzhou, Xuzhou and Nanjing have more mining activities. Judging from the attribution and nature of IP addresses, the proportion of those belonging to party and government organs, universities and enterprises who have been invaded and used virtual currency to "mine" is about 21%.

In the next step, Jiangsu Communications Administration will continue to analyze the situation of virtual currency "mining", and further unite with relevant departments to form a "multi-dimensional, multi-level" disposal system, dispose of relevant websites and mobile applications according to law, and cooperate with the traceability and crackdown of illegal virtual currency transactions.

How much electricity can virtual currency "mine" cost?

Virtual currency is encrypted digital currency, which consists of a series of passwords. "Mining" is decryption. Every other time point, the virtual currency system will generate a random code on the system node. Calculating this random code requires a lot of GPU operations, and decrypting this code and confirming the virtual currency transaction requires complex operations. Because its working principle is very similar to mining minerals, it is named "mining" and the prospector is also called a miner. Miners use computers to perform these operations and then get virtual currency rewards, which is the so-called mechanism of virtual currency mining.
Take Bitcoin as an example. The total amount of Bitcoin is limited. In the first four years, the total amount will generate 10,500,000BTC, and the output will be halved every four years. In the fourth to eighth years, it will generate 5,250,000 BTC, and in the eighth to twelfth years, it will only generate 2,625,000 BTC, and so on. In the end, the total amount of bitcoin generated is close to 21,000,000 BTC.
A bitcoin is divided into eight decimal places based on the data structure, that is, 0.00000001 BTC, and the smallest unit for miners to dig bitcoin is 0.00000001 BTC. Bitcoin is like a golden mountain with a total of 21 million gold coins. To get it, players need to use the computing power of computers to calculate a set of numbers according to the existing algorithms.
When the computer is turned on for 24 hours, only 0.0018 bitcoins can be dug up, which means it will take about 556 days to dig out a bitcoin. It is reported that at present, the computing power of Bitcoin has reached 3 million hash collisions per second, while the computing power of an ordinary computer is only 1000H/s even at the top. According to the calculation that 0.0018 bitcoins can be dug up in 24 hours, it takes users at least 556 days to dig up a bitcoin.
According to the mining machine’s power of 1350 watts, it uses about one degree of electricity per hour, and the daily electricity fee is about 16.8 yuan, but it takes 556 days to dig a bitcoin, which means it costs at least 9367 yuan to dig a bitcoin. And this is just an ideal state. "Mining" requires a huge computing system, which has to solve millions of complicated calculations every second to verify the transactions on the network. This requires a lot of electricity to maintain, cool and run the machine.
According to the statistics of Xinhua News Agency, some "mines" consume millions of kwh a day; A "mine" in a western province can "eat" 45 million kwh of electricity a month. The annual power consumption of a mine in southwest China is equivalent to the total power consumption of three cities in one year.

Research by the Alternative Finance Research Center of Cambridge University shows that by 2020, the annual power consumption of global bitcoin "mining" is about 149.37 TWh (1 TWh is 1 billion kWh), which has surpassed the power consumption of Malaysia, Ukraine and Sweden, and is close to Vietnam, which ranks 25th in power consumption. According to Cambridge Bitcoin Electricity Consumption Index, by the end of 2020, about 65% of the global bitcoin mining activities took place in China.

It was listed in the list of eliminated industries two years ago.

As early as 2019, the National Development and Reform Commission tried to include virtual currency mining in the list of eliminated industries. On April 8, 2019, in the Guiding Catalogue of Industrial Structure Adjustment (2019 edition, draft for comment), virtual currency "mining" activities were listed as obsolete industries, belonging to the category of "backward production technology and equipment", and mining activities were also listed as industries that should be "immediately eliminated". According to this catalogue, the elimination categories are mainly backward processes, technologies, equipment and products that do not meet the relevant laws and regulations, do not have safe production conditions, seriously waste resources and pollute the environment, and need to be eliminated. However, on November 6, 2019, the Chinese government website published the Guidance Catalogue for Industrial Structure Adjustment (2019 Edition). According to the contents of the document, the "virtual currency mining" that once ranked in the category of eliminated industries was deleted from the published guidance catalogue.
Although the National Development and Reform Commission removed the "virtual currency mining behavior" from the elimination list in 2019, it does not mean that the state affirms or encourages mining behavior.With the popularity of Bitcoin rising after 2020, the currency price is turbulent, and the crime of financial fund-raising fraud involving virtual currency emerges one after another in China, and the energy consumption further rises due to the difficulty of mining, which has seriously affected the power supply balance in some areas.
Recently, the state has made great efforts to rectify it. On September 24th, the National Development and Reform Commission, the Ministry of Public Security and other eleven departments issued the Notice on Regulating Virtual Currency Mining. The circular pointed out that the supervision of the whole industrial chain upstream and downstream of virtual currency "mining" activities should be strengthened, it is strictly forbidden to add new virtual currency "mining" projects, speed up the orderly withdrawal of existing projects, promote the optimization of industrial structure and help peak carbon dioxide emissions achieve the goal of carbon neutrality as scheduled. The notice emphasizes that "virtual currency mining activities" will be added to the "Industrial Structure Adjustment Guidance Catalogue (2019 edition)" and "elimination category". Before it is added, the virtual currency "mining" project will be treated as an eliminated industry, and investment will be prohibited in accordance with the relevant provisions of the Decision of the State Council on Promulgating and Implementing the Interim Provisions on Promoting Industrial Structure Adjustment (Guo Fa [2005] No.40).
10On August 8, the National Development and Reform Commission also publicly solicited opinions on the Negative List of Market Access (2021 Edition), and re-listed virtual currency "mining" in the elimination catalogue.The Negative List of Market Access (2021 Edition) lists 6 prohibited access items and 111 permitted access items, totaling 117 items.Among them, in the revision of the relevant measures in the Guidance Catalogue for Industrial Structure Adjustment on the last page, item 7 of the category "1. Backward production technology and equipment" (18) was eliminated, and the expression of the revised measures was added:Virtual currency "mining" activities.
In September 2020, the Supreme Leader of president announced two major environmental policies in China at the United Nations General Assembly.First, China, as the second largest economy in the world, plans to reach the peak of carbon dioxide emissions in 2030.Second, China will achieve the goal of carbon neutrality (that is, zero net carbon emissions) by 2060.Virtual currency "mining" activities not only consume power resources, but also increase carbon emissions, which has a low contribution to the national economy, and has a limited driving effect on industrial development and scientific and technological progress. In addition, the risks derived from the production and trading of virtual currency are becoming more and more prominent. If it is allowed to develop blindly and disorderly, it will have adverse effects on promoting high-quality economic and social development and energy conservation and emission reduction.

Source: Phoenix Finance, china securities journal, National Development and Reform Commission.

Reporting/feedback

[Those things in China] US media: The United States announced the termination of the much-criticized "China Action Plan" and admitted that it encouraged Asian discrimination

  China Daily Online, February 24 (Xinhua) On the 23rd local time, the US Department of Justice issued a statement saying that it would terminate an initiative aimed at cracking down on China during Trump’s administration. Critics point out that the so-called "China Action Plan" is tantamount to racial profiling and creates a culture of fear in the field of scientific research, which should be abolished.

  The Associated Press reported on 23rd that the US Department of Justice announced on Wednesday that it had decided to terminate the so-called "China Initiative". Earlier, American academic circles constantly criticized that the project had frozen normal academic cooperation and encouraged anti-Asian racial prejudice.

  Matthew Olson, Assistant Secretary of Justice, said he must respond to the concerns he heard, including those from Asian-American groups. "We have heard the concerns of civil rights groups, who think that ‘ China Action Plan ’ It encourages intolerance and prejudice. With the increase of crimes and incidents against Asia, these concerns have increased. "

  Olson said that academic and scientific circles are paying more and more attention to the investigation of some cases of the Ministry of Justice. These lawsuits and the atmosphere of public opinion created may bring a chilling effect to scientists and scholars.

  "By classifying the case into the scope of the China Action Plan, we have encouraged a harmful view that (the Ministry of Justice) has adopted a lower standard in investigating and prosecuting criminal acts related to China, or that we have treated people with racial, ethnic or family relations with China in a different way to some extent."

  In November 2018, during the Trump administration, the US Department of Justice launched a so-called "China Action Plan" aimed at cracking down on so-called economic espionage and trade secret theft.

  According to CNN, the Asian American Association for Justice (AAJC) issued a statement on the same day, saying that the end of the China Action Plan is an important step to end the periodic and historical racial discrimination against Asian Americans and immigrants.

  The New York Times reported that critics said that including such cases in the crackdown plan that seriously endangered national security would prompt investigators to unfairly target Asian professors, making people mistakenly think that everyone who hides relations with China is a spy.

  Previously, many cases against Chinese scholars ended in innocence or dismissal. In a high-profile failure case, prosecutors dropped the charges against Chen Gang, a professor of mechanical engineering at MIT, after the Department of Energy said that his failure to disclose his relationship with China would not affect his funding application.

  In response to the statement made by the US Department of Justice to terminate the "China Action Plan", Chinese Congressman Zhao Meixin issued a statement saying that the plan ruined the career of Asian Americans, prevented Asian Americans from pursuing academic majors such as science, technology, engineering and mathematics, and reinforced "harmful stereotypes".

  National Public Radio reported that Asian human rights organizations appreciated the decision to end the project, but said more work was needed.

  "The statement made by the Ministry of Justice today is an important step forward, but there is still much work to be done to ensure that all cases prosecuted are based entirely on evidence, not opinions," said Huang Zhengyu, president of the Chinese NGO Committee of 100.

Policy Interpretation of "Notice on Adjusting Traffic Management Measures of" Off-peak Travel "in the Region during the Peak Hours of Working Days"

I. Policy background

Implement the "Six Guarantees and Six Guarantees" put forward by Politburo meeting of the Chinese Communist Party, firmly implement the strategy of expanding domestic demand, and safeguard the overall situation of the city’s economic development and social stability. In order to cooperate with the setting of "regional indicators" and "Zhejiang A regional number plate" for passenger cars in Hangzhou, we will further gain time and space for the development of public transportation, urban rail transit construction, urban expressway network and infrastructure construction in our city, reduce the pollution emissions of motor vehicles with new number plates and reduce the impact of motor vehicles on road traffic congestion.

Second, the policy drafting process and basis

(1) Drafting process. Since May 2020, when the municipal government made a special study to promote automobile consumption and optimize the "double limit" policy of our city, the municipal traffic and public security traffic police departments have repeatedly demonstrated that the differentiated management of passenger cars in our city can be realized through the combination of "electronic police" and special number sections. Subsequently, under the leadership of the Municipal Traffic Control Office, the Municipal Regulation Office and the Municipal Public Security Traffic Police Department jointly studied and drafted the policy contents related to setting regional indicators and regional number plates for passenger cars. In terms of supporting measures for the adjustment of off-peak travel, the Municipal Traffic Control Office, together with the traffic police and traffic authorities, has been continuously carrying out reserve research and investigation for this work for three years. During this period, it has also made a comparative reference to the restrictions in Beijing, Shenzhen, Tianjin, Xi ‘an and other cities, focusing on field research in Shanghai, understanding its off-peak object, off-peak range, off-peak time and off-peak rules, and compared it with the current off-peak implementation in our city. At the beginning of July, the Municipal Blockage Control Office took the lead, with the participation of the Municipal Public Security Traffic Police Bureau and the Municipal Transportation Bureau, a preliminary plan was formed and submitted to a special discussion; On September 2nd, the Municipal Office of Blockage Control convened experts from the industry, representatives of people’s feelings, news media and other experts to conduct an expert review of the scheme; From September to October, in Zhejiang Satellite TV, Hangzhou TV, Hangzhou Net and other media, experts, media, citizens and other social opinions were publicly solicited through our round table meeting and citizens’ meeting hall; On October 30th, the draft for comments was formed, and the opinions of all districts, counties (cities) and relevant departments were solicited at the special meeting of the municipal government; As of October 31, it was collected in total.

More than 1,000 feedback comments were received, which were carefully revised one by one to form a draft for "peak-shifting travel". On January 5, 2021, with the consent of the Municipal People’s Government, the Municipal Blockage Control Office took the lead and released a draft for comments. By January 14th, 2021, more than 7,600 feedback opinions had been received, which were carefully revised one by one, discussed by the special meeting of the municipal party committee and the municipal government, and the Notice on Adjusting Traffic Management Measures for "Off-peak Travel" in the peak hours of working days was revised and improved.

(2) The main basis.

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

2. People’s Republic of China (PRC) Air Pollution Prevention Law

3. Regulations of Hangzhou Municipality on Road Traffic Safety Management

4. Regulations of Hangzhou Municipality on Prevention and Control of Motor Vehicle Exhaust Pollution

5. Regulations of Hangzhou Municipality on the Regulation and Management of Passenger Cars.

6. Measures for the Administration of Setting "Regional Indicators" and "Zhejiang A Regional Number Plate" for Passenger Cars in Hangzhou.

III. Main contents and relevant explanations of the announcement

The main content of this notice is to set up and adjust the traffic management measures for "off-peak travel" in the peak hours of working days. The details are as follows:

1. The existing "Zhejiang A-plate" minibus and the subsequent bidding and lottery "Zhejiang A-plate" minibus. From the point of view of maintaining policy consistency and stability of residents’ travel expectations and improving policy acceptability, the peak shift range, peak shift period and peak shift rules of these vehicles will not be adjusted.

2. "Zhejiang A regional number plate" minibus. The range of off-peak travel refers to all roads (except Zijingang Road) within the off-peak travel range specified in the Notice of Hangzhou Municipal People’s Government on Adjusting Traffic Management Measures for "Off-peak Traffic Restriction" in Working Day Peak Hours (Hangzheng Letter [2014] No.54). As well as elevated roads and expressways (including ramps and affiliated bridges and tunnels) in the expressway around the city. Zijingang Road Tunnel, Zijingang Road South Tunnel, Zizhi Tunnel and Zhijiang Bridge are not included.

The peak-shifting periods are 7: 00-10: 00 and 16: 00-19: 00 on working days for elevated roads and expressways (including ramps and affiliated bridges and tunnels); Peak-shifting periods of other roads are 7: 00-9: 00 and 16: 30-18: 30 on weekdays (consistent with peak-shifting periods of "Zhejiang A number plate").

3. Non-Zhejiang A-brand minibus. The range of peak stagger is all roads (excluding expressways and airport highways) in the enclosed area formed by East Lake Elevated-Tongcheng Elevated-Tonghui Road-03 Provincial Highway-Ring Expressway (south line)-Ring Expressway (west line)-Ring Expressway (north line). And all elevated roads and expressways (including ramps and affiliated bridges and tunnels) in the expressway around the city.

The peak-shifting periods are 7: 00-10: 00 and 16: 00-19: 00 on working days for elevated roads and expressways (including ramps and affiliated bridges and tunnels); Peak-shifting periods of other roads are 7: 00-9: 00 and 16: 30-18: 30 on weekdays (consistent with peak-shifting periods of "Zhejiang A number plate").

IV. Answers to related questions

(1) Are there any changes in the measures for off-peak travel of "Zhejiang A" passenger cars?

A: No change.

(B) "Zhejiang A regional number plate" passenger car related to peak travel provisions of the answer

1. What is the range of off-peak travel of "Zhejiang A regional number plate" minibus?

A: The range of off-peak travel is all roads in the current off-peak circle, including boundary roads (except Zijingang Road); As well as elevated roads and expressways (including ramps and affiliated bridges and tunnels) in the expressway around the city. Zijingang Road Tunnel, Zijingang Road South Tunnel, Zizhi Tunnel and Zhijiang Bridge are not included.

 

2. What are the elevated roads and expressways for "Zhejiang A regional number plate" passenger cars to travel in peak shifts?

A: At present, there are Liushi Elevated Road, Donghu Expressway, Jiubao Bridge, Tongcheng Elevated Road, Times Elevated Road, Zhonghe Elevated Road, Shangtang Elevated Road, Qiu Shi Elevated Road, Xixing Bridge, Fuxing Bridge, Qiantang Expressway, Desheng Expressway and Wenyi Road Tunnel.

3. What is the peak time of the "Zhejiang A regional number plate" passenger car?

Answer: The peak-shifting time of all elevated roads and expressways (including ramps and affiliated bridges and tunnels) in the expressway around the city is 6 hours from 7: 00 to 10: 00 and 16: 00 to 19: 00 on weekdays.

Other roads in the peak-shifting area have peak-shifting periods of 4 hours from 7: 00 to 9: 00 and from 16: 30 to 18: 30 on weekdays.

4. Is the tail number of the "Zhejiang A regional number plate" passenger car staggered or full-length?

A: No traffic is allowed in the whole section during peak hours.

5. I have a "non-Zhejiang A-plate" that has made an appointment to apply for transfer to the "Zhejiang A-plate" minibus. What are the measures for off-peak travel before obtaining the number plate?

A: After submitting the reservation application and passing it, before officially obtaining the number plate, the vehicle will travel at the wrong peak according to the "Zhejiang A regional number plate".

6. I have successfully completed the application for the transfer of Zhejiang A regional number plate and passed the examination. Will I be stopped and punished by the traffic police on the road?

A: After the application is successful, you may still be stopped for inspection by the on-site traffic police when you enter the "peak trip" area. Please take the initiative to cooperate with the traffic police on duty to check and show your application voucher records. After the on-site traffic police verify it, it will be released.

7. How does the "Zhejiang A regional number plate" minibus cross the river?

A: You can cross the river through Zhijiang Bridge, Qiantang River Bridge, the second floor of Fuxing Bridge, Wangjiang Tunnel and Qingchun Tunnel. The above bridges and tunnels are not restricted by peak-shifting travel.

8. How does the "Zhejiang A regional number plate" passenger car travel from the west of the city to Binjiang during peak hours?

Answer: The "Zhejiang A regional number plate" minibus can pass through Zizhi Tunnel, Zhijiang Bridge or around the west line and Zhijiang Bridge from the west to and from Binjiang. Special reminder: Zhijiang Bridge must pass through Binwen Road in the direction of Binjiang, because the Rainbow Expressway passes through the wrong peak.

(3) Answers to the relevant travel regulations of "non-Zhejiang A-plate" passenger cars

1. What is the range of off-peak travel of "non-Zhejiang A" passenger cars?

A: The peak shift range of the "non-Zhejiang A" passenger car is as follows: 

Specifically: all roads (excluding expressways and airport highways) in the enclosed area formed by East Lake Elevated-Tongcheng Elevated-Tonghui Road-03 Provincial Highway-Ring Expressway (south line)-Ring Expressway (west line)-Ring Expressway (north line), and all elevated roads and expressways (including ramps, attached bridges and tunnels) in the ring expressway.

2. What is the peak time of the "non-Zhejiang A" passenger car?

Answer: The peak-shifting time of all elevated roads and expressways (including ramps and affiliated bridges and tunnels) in the expressway around the city is 7: 00-10: 00 and 16: 00-19: 00 on working days;

Other roads within the range of off-peak travel are still at 7: 00-9: 00 and 16: 30-18: 30 on weekdays.

3. What are the elevated roads and expressways for the "non-Zhejiang A-plate" passenger cars to travel in the wrong peak?

A: At present, it includes Rainbow Expressway, Zhijiang Bridge, Zizhi Tunnel, Zijingang Road Tunnel, Zijingang Road South Tunnel, Liushi Elevated Road, Donghu Expressway, Jiubao Bridge, Tongcheng Elevated Road, Times Elevated Road, Zhonghe Elevated Road, Shangtang Elevated Road, Qiu Shi Elevated Road, Xixing Bridge, Fuxing Bridge, Qiantang Expressway, Desheng Expressway and Wenyi Road Tunnel.

4. What roads can be used for the "non-Zhejiang A-plate" minibus after 9:00 in the morning rush hour?

A: From 9: 00 to 10: 00, the elevated road and expressway are still in the peak-hour period, but the ground roads can pass. For those entering the core area, Moganshan Road can be selected in the north, Zhijiang Road in the south, Tianmushan Road, Wener West Road and Yuhangtang Road in the west, Desheng East Road, Genshan East Road and Zhijiang East Road in the east, and Qiantang River Bridge, Fuxing Bridge, Wangjiang Tunnel and Qingchun Tunnel can be selected when crossing the river.

5. Is the original "non-Zhejiang A-plate" passenger car "off-peak travel" measure adjusted in Xiaoshan District?

A: According to this adjustment.

(4) When will the officially released adjustment measures for "off-peak travel" be implemented, and are there any management considerations?

A: It will be officially implemented on March 1, 2021. In order to facilitate the masses and consider the adaptation period of citizens’ travel habits after the implementation of the New Deal, the public security traffic police department has set up a law enforcement transition period, that is, before May 1, the "non-Zhejiang A-plate" passenger car will not be punished for violating the peak travel regulations in the adjusted regional roads, as an educational reminder; Law enforcement management will be carried out according to the provisions of this notice from May 1st.

After the implementation of the measures, the navigation platforms will be docked to include this off-peak trip in the navigation reminder, and the off-peak trip signs will be set on the border roads. Here, I also hope that the majority of drivers can consciously abide by the off-peak travel regulations.

V. Supplementary explanations

(1) Interpretation form.

Text interpretation.

(2) Interpreting the subject.

1. Interpreter: Traffic Police Bureau of Hangzhou Public Security Bureau.

2. Interpreter: Chen Xuying.

3. Interpreter’s Tel: 0571-87282483.

Hangzhou bureau of public security communications police station    

January 20, 2021       

What is the normal blood pressure range of human body? What diseases can hypertension cause? Expert answer

  Today is World Hypertension Day. Hypertension is one of the most common chronic diseases, and it is the most important risk factor for the onset and death of heart disease, stroke and kidney disease. What is hypertension? What is the normal blood pressure range of human body?

  The medical staff suggested that under the condition of not using antihypertensive drugs,Systolic blood pressure (high pressure) ≥ 140 mmHg (mmhg) or diastolic pressure (low pressure) ≥ Hypertension can be diagnosed when it is 90 mmHg..Family continuous standard blood pressure measurement 5-mdash; 7 days, average blood pressure ≥ 135/85 mmHg can be diagnosed as hypertension.It is recommended to see a doctor.

  Zhang Huimin, Chief Physician of Hypertension Center, Fuwai Hospital, China Academy of Medical Sciences:First of all, we will check the patient and do a 24-hour ambulatory blood pressure. At the same time, we will do some corresponding tests, such as an electrocardiogram, a biochemical examination of blood, a urine routine and a blood routine. We will analyze whether he has heart, brain and kidney damage and whether there are some factors of secondary hypertension according to such circumstances.

  At what level should the blood pressure of patients of different ages be controlled? According to medical staff, under normal circumstances,For patients younger than 65 years old, the blood pressure should be controlled below 130/80 mmHg, and for patients older than 65 years old, the average blood pressure should be controlled below 140/90 mmHg..

  Zhang Weili, a researcher at the State Key Laboratory of Cardiovascular Diseases, Fuwai Hospital, China Academy of Medical Sciences:After a large number of epidemiological investigations, we found that many elderly people with long life have well controlled their blood pressure, and many of them are below 120/80. Therefore, the control of blood pressure must solve a misunderstanding. I can’t talk about the elderly. My systolic blood pressure is 150 or 160 mm Hg, and I don’t feel uncomfortable. In fact, under the guidance of a doctor, my blood pressure should be reduced to below 140/90 mm Hg.

  Expert tip: Not actively intervening can lead to many diseases.

  Medical staff suggest that hypertension is one of the most important chronic diseases that endanger human health. If it is not actively intervened, it can lead to functional or organic damage of various tissues and organs.

  Hypertension is a chronic disease, which will eventually lead to health problems after years of development.The risk factors of hypertension include: diet with high sodium and low potassium, obesity and overweight, mental stress, drug action, smoking and drinking, high-fat diet and so on.

  Ding Chunhua, Director of Cardiology Department of Space Center Hospital:Some of the most common symptoms of hypertension are that some patients feel dizzy and bloated, but some patients have no symptoms. He only found that his blood pressure is high during a health check-up, or when his blood pressure is occasionally measured, which should be paid special attention to.

  Medical staff reminded: Adults aged 18 and above regularly monitor their blood pressure and measure their blood pressure at least once a year.

  People with high risk of hypertension, such as overweight or obesity, high-salt diet, smoking, long-term drinking, long-term mental stress and insufficient physical activity, should regularly measure their blood pressure. Medical institutions should continuously monitor the blood pressure of residents over the age of 35 who have been diagnosed for the first time.

  According to medical staff, cardiovascular and cerebrovascular deaths account for more than 40% of the total deaths in China, among which hypertension is the first risk factor.The hazards of hypertension include coronary heart disease, angina pectoris and even myocardial infarction, hypertensive heart disease, hypertensive encephalopathy, cerebral embolism, cerebral infarction, cerebral hemorrhage and renal failure.

  Ding Chunhua, Director of Cardiology Department of Space Center Hospital:The heart, including this blood vessel, is equivalent to a power system, that is, a water pump carries blood vessels, and blood circulates in it. If hypertension occurs, the damage to blood vessels will gradually accumulate, and stenosis will occur. After stenosis, it will affect the blood supply of organs, and thus there will be functional failure.

  Expert tip: The faster and lower the blood pressure is, the safer it is.

  Some patients think that the sooner the blood pressure is lowered, the lower the better. In fact, this is also a misunderstanding in treatment. Medical staff pointed out that because blood pressure drops too fast and too low, it will also cause damage to the human body and cause danger.

  According to medical staff, the stability of blood pressure in the human body can ensure a good blood circulation and the normal beating of the heart rate, so both high blood pressure and low blood pressure will have a certain impact on our body. Even cause danger. Therefore, the faster and lower the blood pressure is, the better and safer it is.

  Zhang Huimin, Chief Physician of Hypertension Center, Fuwai Hospital, China Academy of Medical Sciences:If the blood pressure drops too fast, it will make the patient dizzy, and some patients even fall. We often have patients who say that after taking a large amount of medicine, they fall and stumble because of his low blood pressure. So our blood pressure needs to drop slowly, so generally speaking, we can reach the standard around a month.

  In addition, it is also dangerous for some patients to take medicine intermittently and not take medicine because of low blood pressure.

  Ding Chunhua, Director of Cardiology Department of Space Center Hospital:This will lead to the sharp fluctuation of blood pressure, which is even more unstable. Therefore, we suggest that if hypertension occurs, you should adjust it to an appropriate dosage, and it is best to use this drug for a relatively stable blood pressure reduction, instead of saying that I will take a little when I am high, and then stop when I am low, which will easily lead to some consequences, such as stroke as we said, and some damage to other organs.

  Blood pressure is high in winter and normal in summer, and the dosage can be reduced conditionally.

  High blood pressure in winter and normal or low blood pressure in summer are problems that plague many patients. So why is this happening? Can low blood pressure reduce dosage in summer? According to medical staff, if blood pressure is low in summer, antihypertensive drugs can be reduced, but there are conditions.

  According to medical staff, blood pressure changes seasonally. High in winter and low in summer are related to climate change. Especially for patients with mild hypertension, in summer, their blood pressure will decrease, and they can keep normal without taking antihypertensive drugs, which can reduce the dosage. But there are conditions and some precautions.

  Zhang Weili, a researcher at the State Key Laboratory of Cardiovascular Diseases, Fuwai Hospital, China Academy of Medical Sciences:If his blood pressure is below 120/80, it is controlled below 120/80 through lifestyle control, medication, etc., then it is still quite good after we closely monitor it for a few weeks at this time. Then, under the guidance of a doctor, we can reduce the amount or stop taking the medicine, but it does not mean that everything will be fine after stopping taking the medicine. We must also insist on measuring our blood pressure at home. Once it is high, we still have to go to the hospital.

Su Chao finals time confirmed!

On September 30, in response to the hot issues related to Jiangsu City Football League, the relevant person in charge of the Provincial Sports Bureau held a special question and answer session in the live broadcast room of the political hotline.

Just this past weekend, the long-awaited quarter-finals were born. This also means that the "Su Chao" regular season has all ended, and it is about to enter the knockout stage.Will the champion of "Su Chao" award trophies? What kind of rewards will the top three get?

Xu Qiuhong, the second-level inspector of Jiangsu Provincial Sports Bureau and director of the competitive sports department, said that according to the competition rules of Jiangsu City Football League, the team that won the city league championship will be awarded the championship trophy, the runner-up and the third runner-up will be awarded medals, and the top three teams will also receive the ranking bonus.On November 1st, the "Su Chao" finals will be held in Nanjing Olympic Sports Center.There will be a grand award ceremony. Besides,Xu Qiuhong also revealed that the "Su Chao" venue will be relatively advanced next year, so as to ensure that there will be games to watch during May Day.

On July 6, Changzhou’s invalid goal against Huai ‘an triggered a heated discussion among netizens.Is it possible to consider introducing VAR video assistant referee and other means in the next session to help referees make more accurate and fair judgments?

In response to questions from netizens, Xu Qiuhong said that in the upcoming knockout round on October 4 this year, the video assistant referee system will be introduced to ensure that the game is more fair and just, and that the referee’s penalty is more accurate. I hope that this new technical means can guarantee the competition discipline, and the assistant referee system will definitely be used in key games next year. In addition, according to Zhang Haitao, deputy director of the Provincial Sports Bureau, in the knockout stage, the organizing committee of the competition area has asked all participating teams to strengthen the training of the competition style and discipline, so as to contribute more exciting events to the fans. At the same time, before each competition, each competition area should organize relevant coordination meetings and joint meetings, and repeatedly emphasize the specific regulations and requirements of the stadium. During the competition, the Provincial Organizing Committee will also send supervisors and supervision teams to inspect and urge each competition area, so as to meet with referees, ensure that the responsibility of clean competition is in place, meet with the home and away teams, ensure that the responsibility of clean competition is in place, meet with the head of security in the competition area, ensure that the responsibility of safe competition is in place, and meet with the head of the team organization of the home and away teams, ensure that the responsibility of civilized competition is in place, and ensure the safety of Su Chao.

This year, the grass-roots players in "Su Chao" made everyone shine. The next "Su Chao",Will the rules of player selection be adjusted and optimized?

In this regard, Xu Qiuhong introduced that in the process of studying next year’s competition plan, the rules of players’ participation methods are one of their key research projects. The participation of the whole people in Su Chao is more related to the honor of the city, so the city attribute is also an important identification standard for the player’s identity in the rules. On this basis, they also need to increase the rules for young players to play, so that more teenagers can participate in football and boost the development of Jiangsu youth training, thus promoting the popularization of football and improving the level of football.

Source:Xinhua Daily,deliverMeeting Point News, Jiangsu News

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Hangzhou Bank’s 2023 performance briefing will be focused! About credit supply, stable interest margin, technology and finance, asset quality, etc.

  On the afternoon of May 15th, () Co., Ltd. (hereinafter referred to as "Hangzhou Bank", stock code: 600926.SH) held a performance briefing for the year 2023 and the first quarter of 2024 through live broadcast on the whole network. Song Jianbin, chairman of Hangzhou Bank, Yu Liming, president, Changqing Li, independent director, Chen Lan, Pan Huafu, Zhang Jingke and Zhang Jianfu, vice presidents, attended the meeting.

  At this briefing, Yu Liming said that in 2023, in the face of fierce market competition, Hangzhou Bank took the "2255" strategy as the guide, adhered to customer-centered, striver-oriented, strengthened digital intelligence empowerment, and achieved good business performance, achieving a steady development trend of rising comprehensive strength, remarkable business transformation and strong and solid management foundation.

  In 2024, Hangzhou Bank will closely focus on the "2255" strategy, firmly adhere to the principle of quality and strict governance, adhere to the general tone of "striving for progress while maintaining stability", and strive to build a value-added chain and closed-loop management of customers, products, teams, risk control and operation supervision, so as to accelerate the creation of differentiated competitive advantages in market segments.

  Next, let’s take a look at the key points of this performance briefing of Hangzhou Bank.

  1. Optimize asset allocation and actively respond to the low interest rate environment.

  Song Jianbin, chairman of Hangzhou Bank, said that in the face of low interest rate environment, on the one hand, Hangzhou Bank should focus on developing direct financing, supply chain services and digital services to improve the comprehensive income level of political and credit business. On the other hand, efforts will be made to improve the business model of Hangzhou Bank from three aspects: one is to expand the customer base of market segments, especially technology and finance business; The second is to improve risk control ability and expand sinking customers; The third is to enrich service functions, especially to improve non-credit services. In the future, Hangzhou Bank will focus on light capital and transactional business.

  2. Regional advantages guarantee credit supply, and stable asset quality helps achieve the benefit goal.

  President Yu Liming of Hangzhou Bank analyzed the operating performance of Hangzhou Bank and looked forward to the revenue and profit trend in 2024. He put forward five strategies of "promoting investment, optimizing allocation, reducing costs, expanding income and controlling risks" to ensure that Hangzhou Bank can achieve the growth target of benefit indicators in the new year. President Yu Liming pointed out that despite the double pressures of narrowing net interest margin and rising credit risk, Hangzhou Bank will strive to maintain the growth of operating income, total profit and net profit with a solid foundation and good development prospects.

  In terms of credit supply, President Yu Liming said that Hangzhou Bank will take advantage of its outlets in the Yangtze River Delta, Pearl River Delta and other economically better regions to increase credit supply and strive to achieve the annual target of deposit and loan growth exceeding 100 billion. He also mentioned that Hangzhou Bank will optimize its asset allocation, especially in the fields of science and technology finance, credit micro-credit and universal micro-credit, so as to achieve optimal returns under controllable risks.

  3. There is still downward pressure on interest margin, and the capital adequacy ratio has improved.

  Zhang Jianfu, chief financial officer of Hangzhou Bank, made a comprehensive interpretation of key financial indicators such as credit arrangement, interest spread trend and capital adequacy. Director Zhang Jianfu first introduced three strategies of Hangzhou Bank’s credit lending in 2024: optimizing the lending structure while maintaining the total growth, balancing the quantity, price and risk, and optimizing the pace and regional layout. He pointed out that Hangzhou Bank plans to invest more than 100 billion yuan in credit, focusing on increasing the investment in manufacturing, green finance, science and technology, private enterprises, agriculture-related customers, and at the same time emphasizing the study of sub-sectors of the real economy and the grasp of credit opportunities.

  When talking about the trend of interest margin, Director Zhang Jianfu analyzed the market situation of interest margin decline in 2023 and looked forward to the challenge of net interest margin in 2024. He mentioned that despite the pressure brought by the decline of LPR and changes in market supply and demand, Hangzhou Bank will mitigate the impact of the decline in interest margin by strengthening pricing management and asset allocation, and actively responding to market changes. Director Zhang Jianfu also mentioned that stopping manual interest payment will not only help standardize the market competition order, but also help reduce the interest rate of deposits, thus supporting the stability of net interest margin.

  Regarding capital, Director Zhang Jianfu said that the improvement of capital adequacy ratio and core tier 1 capital adequacy ratio of Hangzhou Bank in the first quarter of 2024 was not only due to the positive impact of the new capital regulations, but also due to the bank’s initiative to adjust its asset structure and improve its capital endogenous capacity. He emphasized that Hangzhou Bank will improve the efficiency of capital use by optimizing the structure of assets and liabilities, promoting the strategy of light capital and deepening capital management.

  4. The mortgage has picked up, and the "paid loan" retail consumer credit products will have new brands.

  Vice President Chen Lan of Hangzhou Bank exchanged strategies and risk control measures in retail business with investors and analysts. She emphasized that in the current market environment, Hangzhou Bank has achieved steady growth in retail business through differentiated competition strategies. Vice President Chen Lan said that Hangzhou Bank has implemented the strategy of deep channel cultivation and branch pilot in mortgage business, and optimized the regional distribution structure. In 2023, the total amount of mortgage loans increased significantly, and its market share was improved. In terms of consumer loans, Hangzhou Bank adopted a steady and meticulous strategy of sinking customers, strengthened post-loan management and risk prevention and control through () integration, and effectively guaranteed asset quality. Facing the challenge of retail business, Vice President Chen Lan mentioned that Hangzhou Bank will adhere to the principle of "no risk for development" and enhance its risk prevention and control capabilities through refined management and big data risk control mode. At the same time, Hangzhou Bank will launch exclusive consumer credit products for different customer groups, such as a new brand of "paid loans" for working-class and new citizens, in order to realize the coordinated development of retail credit growth and risk stability.

  5. Small and micro loans promote the sinking of customer base and create differentiated competitive advantages.

  In the field of small and micro loans, Vice President Chen Lan emphasized the effectiveness of Hangzhou Bank in risk prevention and control, and realized the deep integration of marketing chain, operation chain and risk chain through the support of digital cloud platform. She revealed that by the end of 2023, the non-performing rate of micro-credit remained at a low level, showing the competitive advantage of Hangzhou Bank in the field of micro-credit. In addition, Vice President Chen Lan also mentioned the experience of the Small and Micro Credit Department in the sinking of inclusive finance’s customer base, and emphasized the importance of business planning, industry segmentation and customer base selection. She said that through industry segmentation research and customer visits, Hangzhou Bank can serve the local market more deeply and realize the sustainable development of its business.

  6. Science and Technology Innovation Financial Business Model Iteration

  Zhang Jingke, Vice President of Hangzhou Bank, said that Hangzhou Bank has successfully cultivated more than 300 listed companies, including 95 science and technology innovation board companies, since it established the Science and Technology Sub-branch in 2009. Vice President Zhang Jingke mentioned that although the links of investment and loan linkage in the current financial supervision system have not been fully completed, Hangzhou Bank is still actively exploring the science and technology financial service model, from the initial cooperation with the government to the cooperation with investment institutions, and then to the current "data+professional drive" model, Hangzhou Bank’s science and technology financial business model has been continuously upgraded and iterated. He emphasized that the core logic of Hangzhou Bank’s profit lies in growing together with customers, and achieved a good profit space through low capital cost, low non-performing rate and replicability of business model. Vice President Zhang Jingke explained that Hangzhou Bank not only established deep customer loyalty through early intervention and service for small and micro science and technology enterprises, but also obtained support in low-cost fund settlement, which supported the bank’s profit through lower capital cost when credit pricing could not exceed the market average. In addition, Vice President Zhang Jingke also mentioned that the risk control of Hangzhou Bank in the field of science and technology finance is in place, and the non-performing rate has remained at a low level for 15 years, which has provided a solid support for the bank’s profitability. He also emphasized the importance of team and organization building, pointing out that Hangzhou Bank has a professional team of more than 500 people, which has accumulated 15 years of experience.Become the most powerful competitiveness of Hangzhou Bank in the field of science and technology finance. Finally, Vice President Zhang Jingke said that in the face of changes in the market environment, Hangzhou Bank will stick to long-term, grasp its own pace of development, focus on technological innovation customers, and continue to maintain its leading position in the field of science and technology finance through innovation of products and services and optimization of risk control.

  7. Asset quality is stable and controllable.

  Pan Huafu, vice president of Hangzhou Bank, gave a detailed answer to the risk management problem. He said that the proportion of interest-related loans increased by 0.12 percentage points in the first quarter, mainly because the extension of a real estate project loan led to the downward shift of classification. He stressed that despite the increase in interest-related loans, the overall business structure and the total number of customers remained stable, and the proportion of interest-related loans was still at a low level among listed banks.

  On the issue of the rising NPL ratio of real estate loans, Vice President Pan Huafu mentioned that the NPL ratio was mainly due to a project loan default of a real estate enterprise, but he said that the real estate loan risk of Hangzhou Bank was generally controllable, and put forward the concept of "three opposites" to illustrate the advantages of banks in real estate loans: relatively low proportion of real estate loans, relatively good area of real estate loan projects and relatively stable real estate customers as a whole. In other credit risk areas that investors are concerned about, Vice President Pan Huafu also responded one by one.

How to change from institutional advantage to governance efficiency?

  [Think Tank Q&A]Study and Implement the Spirit of the Fourth Plenary Session of the 19th CPC Central Committee

  Guests in this issue:

  Director, Institute of Political Science, China Academy of Social Sciences Zhang Shuhua

  Researcher, Socialism with Chinese characteristics Institute of Thought, New Era, Supreme Leader of China Renmin University. Chenjiagang

  Distinguished professor, Executive Vice President of School of Government Administration of Peking University and "Changjiang Scholar" of the Ministry of Education. Yan jirong

  Distinguished professor, Dean of School of Public Administration of Zhejiang University and "Changjiang Scholar" of the Ministry of Education. Yu jianxing

  1. Only the system that takes root in domestic soil and absorbs abundant nutrients can work reliably.

  Bright Think Tank: The Fourth Plenary Session of the 19th CPC Central Committee emphasized that the Socialism with Chinese characteristics system is a scientific system formed by the Party and the people through long-term practice and exploration. All work and activities of state governance in China are carried out in accordance with the Socialism with Chinese characteristics system, and China’s state governance system and governance capacity are the concentrated expression of the Socialism with Chinese characteristics system and its implementation capacity. In your opinion, what problems should be paid attention to in designing, developing and perfecting the Socialism with Chinese characteristics system?

  Zhang Shuhua:Since the founding of New China 70 years ago, it is not only the history of China people’s struggle for national prosperity, national rejuvenation and people’s happiness, but also the history of institutional evolution in which the Communist Party of China (CPC) led the people of all ethnic groups in China to independently explore the road of socialist modernization and gradually establish, improve and develop Socialism with Chinese characteristics.

  Zhang Shuhua and Guo Hongsong painted.

  System is a fundamental issue related to the development of the cause of the party and the state. What kind of political system a country implements must be adapted to its national conditions. There is no one-size-fits-all specific development model in the world, and there is no fixed development path. The essence of our governance is to uphold the Communist Party of China (CPC)’s leadership and the socialist system.

  Chen Jiagang:Our system works because it grew from the social soil of China. The Fourth Plenary Session of the 19th CPC Central Committee emphasized: "Socialism with Chinese characteristics’s system and state governance system are systems and governance systems guided by Marxism, rooted in China, with profound Chinese cultural roots and won the support of the people." To promote the perfection of Socialism with Chinese characteristics’s system, we should proceed from the history and culture of our nation and our own national conditions. We should not only grasp the long-term historical inheritance, development path and accumulated political experience, but also grasp the realistic requirements, solve realistic problems and plan future development.

  Chen Jiagang Guo Hongsong painted.

  Yan Jirong:China’s national governance system and governance capacity are the concentrated expression of Socialism with Chinese characteristics’s system and its implementation capacity. The important task of national construction is to seek scientific, reasonable and efficient institutional arrangements to ensure the country’s operation on the track of prosperity and development. Therefore, it is necessary to build a dynamic, pragmatic and efficient governance system. The key to building a governance system lies in institutional supply, that is, setting rules, rules and regulations to provide boundaries for freedom of behavior.

  Yan Jirong and Guo Hongsong painted.

  2. To integrate "control" and "governance", it is necessary to "build up" and "turn up"

  Bright Think Tank: Building a systematic, scientific, standardized and effective institutional system is the premise and foundation for transforming institutional advantages into national governance efficiency. What are the key tasks to be done to realize the transformation from institutional advantages to governance efficiency?

  Zhang Shuhua:To promote the modernization of the national governance system and governance capacity, we must unswervingly strengthen and improve the centralized and unified leadership of the party. The centralized and unified leadership of the Party is Socialism with Chinese characteristics’s political advantage, and it is also the greatest political advantage to realize "the rule of China".

  In Changxing County, Huzhou City, Zhejiang Province, party member volunteers are cleaning up river garbage. Tan Yun Feng photo/bright picture

  The Fourth Plenary Session of the 19th CPC Central Committee focused on improving the system of the Party’s leadership that takes the overall situation into consideration and coordinates all parties, and put forward six requirements. The first is to establish a system of Do not forget your initiative mind and keeping the mission in mind. The second is to improve various systems that firmly safeguard the authority of the CPC Central Committee and centralize and unify leadership. The third is to improve the party’s overall leadership system. The fourth is to improve various systems that govern for the people and rely on the people. The fifth is to improve the system of improving the party’s ruling ability and leadership level. The sixth is to improve the system of comprehensively and strictly administering the party. The above-mentioned system is the basic element of the party’s leadership system, which must be fully built, always adhered to, constantly improved and developed.

  Chen Jiagang:At present, we should make good use of the stock resources of the system and promote the stock reform. We should make full use of the advantages of the existing system, make good use of the "precipitated" and "textual" system norms, and make the "built" system "turn around" in practice through specific institutional mechanisms and program design.

  The key to upholding and perfecting the Socialism with Chinese characteristics system is to increase and expand our advantages and characteristics. We should constantly promote the institutionalization, standardization and proceduralization of socialist democratic politics, give full play to the advantages of Socialism with Chinese characteristics’s political system, and provide a more perfect institutional guarantee for the prosperity and long-term stability of the party and the country.

  Yu Jianxing:To further highlight the institutional advantages, we need to focus on three aspects: consolidating institutional advantages, strengthening institutional implementation, and filling institutional shortcomings.

  Yu Jianxing and Guo Hongsong painted.

  Consolidate and develop the institutional advantages that have been achieved. For example, since the founding of New China 70 years ago, we have adhered to the centralized and unified leadership of the Party, adhered to the Party’s scientific theory, maintained political stability, and ensured that the country has always advanced along the socialist direction. We should constantly consolidate and develop the remarkable advantages of China’s national system and national governance system in many aspects.

  Strengthen system implementation. Supervision and inspection is a way to strengthen the implementation of the system, which also includes the positive guarantee of the rule of law and the guidance of the rule of virtue.

  Fill in the shortcomings of the system. After more than 40 years of reform and opening up, compared with the remarkable achievements we have made in the field of market economy, social construction, social governance and institutional construction in the field of ecological environmental protection are relatively lagging behind. It is urgent to fill in the shortcomings of the system in the field of social governance and do a good job in top-level design.

  3. Stimulate the potential of the system, so that good policies can bear fruit and be implemented.

  Bright Think Tank: Promoting the modernization of the national governance system and governance capacity is a systematic project, and it is necessary to strengthen system governance, legal governance, comprehensive governance and source governance. In your opinion, how should we do a good job in these governance, so that various reforms complement each other and have a "chemical reaction"?

  Chen Jiagang:To realize system governance, it is necessary to systematize and systematize the system construction and form the basis and premise of structural governance such as backbone system, backbone system, supporting system and auxiliary system. Governing by law is to abide by the institutional rules of governance, form a sense of rules in practice, and achieve fair and just governance performance. Comprehensive management is to adhere to the governance path of overall planning and coordinating all parties, comprehensively consider the governance measures in all aspects, fields and levels and their possible impacts in the practice of economic and social development, and coordinate them in time to achieve overall improvement. Source management, the key point is to look at the essence from the phenomenon, find the root cause from the problem, and insist on treating both the symptoms and the root causes.

  Yu Jianxing:At present, in order to make all reforms complement each other, we must establish a global and systematic governance concept, and regard improving the national governance system and enhancing the national governance capacity as an organic whole. System is the key to solving the problem and the foundation of governance; Governance is the effect of operation and the ability of system. We should be alert to the understanding and practice of separating the governance system, governance capacity and governance efficiency. For example, grassroots governance needs to establish a standardized system of "horizontal to the edge and vertical to the end", but this is a means rather than an end. The real purpose is to use these means and tools to achieve orderly governance and make society full of vitality. Governance system mainly refers to the construction of systems and mechanisms, including not only the physical platform, but more importantly, the institutional mechanism of cooperation and co-governance among the government, market, society and individuals.

  Zhang Shuhua:It is not enough to transform institutional advantages into governance efficiency, but also a "chemical reaction". Institutional confidence is the catalyst of "chemical reaction". We should constantly enhance institutional self-confidence, strengthen institutional theoretical research and publicity and education, guide the whole party and society to fully understand the essential characteristics and advantages of Socialism with Chinese characteristics’s system, create a strong atmosphere of wanting, being able and doing things, and make good policies bear fruit and be implemented.

  4. Top-level design and grass-roots innovation must be benign interaction.

  Bright Think Tank: How to improve the governance level and efficiency to promote the system to be further matured, finalized, improved and consolidated?

  Yan Jirong:A country’s institutional system is usually formed in major historical changes. After long-term practice, it is gradually consolidated in constant debugging and reform, and is fixed by constitution, laws, rules and other forms. The system implemented by each country has its own characteristics in name and organization, which are determined by the national conditions of each country. The design, development and perfection of the system pursue effectiveness and adaptability, and promote the modernization of the national governance system and governance capacity. The purpose is to give full play to the advantages of high efficiency, coordination and sustainability of the system, gradually improve the system, fill the shortcomings, and make the existing system mature and stereotyped.

  Yu Jianxing:The key to promoting the further maturity of the system is to promote the implementation of policies at the grassroots level, so as to test and improve the system in practice. Since the reform and opening up, the reform of "crossing the river by feeling the stones" has become an important part of the miracle of China. In the new century, especially since the 18th National Congress of the Communist Party of China, it has always been an important mechanism in the field of local governance and social innovation to take local experiments as samples and upgrade successful experiences to national top-level design and promote them throughout the country. Local innovation is not only the implementation of top-level design, but also an important means to improve the level and efficiency of local governance, and it is also a process of continuous improvement within the framework of top-level design and eventually becoming a new, more mature and perfect national system. To improve the level and efficiency of national governance, it is necessary to achieve a benign interaction between top-level design and grassroots innovation.

  Chen Jiagang:System is a summary of human social knowledge and experience. A mature and stereotyped system must have a widely recognized foundation. It is necessary to promote institutional innovation so that emerging social relations can operate under institutional norms. This requires attention to maintain four balances: first, the balance between system scale and system performance. How many systems are appropriate and how large the system is appropriate should be measured according to the actual situation and system performance; The second is the balance between institutional measures and institutional goals. Measures are to achieve the goal, and the system design that is conducive to promoting the implementation of the goal is reasonable and scientific, and it is necessary to avoid deviating from the goal in the process of system design; The third is the balance between institutional constraints and institutional incentives. The system has both restrictive function and incentive orientation, and comprehensively deepening the reform especially needs the system design to stimulate the power and potential; The fourth is the balance between system formulation and extensive participation. Only by establishing a relationship with the object of the system can the system abide by it, give full play to its effectiveness and maintain its authority and continuity.

  Zhang Shuhua:To open up a new realm of "the rule of China", we must unswervingly adhere to the greatest advantage of the Communist Party of China (CPC)’s leadership. At present, we should adhere to the problem orientation, give more prominence to governance efficiency, and overcome the "idling" of reform under formalism and bureaucracy. Focus on the needs of development, the aspirations of the grassroots, and the aspirations of the people, strengthen the cooperation and linkage of relevant institutions, and make up our minds to get rid of the shortcomings of the institutional mechanisms that restrict reform and development, so as to make the party and state institutions more scientific, more optimized in functions, more coordinated in powers and responsibilities, more powerful in supervision, and more efficient in operation. Only in this way can we give full play to the effectiveness of the system, give people a sense of gain and development, and make our system more consolidated.

  (Project Team: Guangming Daily All-Media Reporter John Zhang, Wang Simin, Jiang Xinjun, Cheng Yaqian, Associate Research Fellow of Guangming Think Tank Jiao Dewu)

  Guangming Daily (November 12, 2019, 07 edition)

[Review] Soda soda fell by 3.23% in a day. The agency said that the supply of soda soda soda market is weak and the short-term shock operation is expected to be obvious.

Market performance

November 15th. closing price Rise and fall of the day Five-day rise and fall soda ash 1470.00 yuan/ton -3.23% -2.91%

Intraday news

  The upstream and downstream of soda ash are deadlocked, and the market changes little.

  As of November 14th, the average ex-factory price of domestic light caustic soda was 1510 yuan/ton, down 1.1% from last week and 31.6% year-on-year. The average price of the mainstream terminal of heavy alkali was 1,575 yuan/ton, which was the same as last week and decreased by 33.7% year-on-year. Recently, some soda plants have been reduced in concentration, and the overall start-up load of the industry has further decreased. Downstream users have replenished appropriately, and the inventory of soda enterprises has declined. The futures market fluctuates and the market is in a strong wait-and-see mood. Soda manufacturers mostly execute the previous orders. Some ammonia and soda producers run at a loss, while soda producers are interested in stabilizing prices. However, the downstream demand is general, and the consumption of soda ash in float glass and photovoltaic glass is reduced. Most downstream users just need to purchase mainly and replenish moderately. The upstream and downstream stalemate game, it is expected that the domestic soda ash market may not change greatly in the short term. (())

Variety fundamentals

  On November 14th, the inventory of soda enterprises recorded 1,648,100 tons, an increase of 0.43 million tons compared with the previous trading day.

Institutional point of view

  Zhengxin Futures: The supply of soda ash market is strong and weak, and the short-term shock operation is expected to be obvious.

  

  Strategy: At present, the supply of soda ash fundamentals continues to be strong and needs to be weak. Although there is the influence of device disturbance, the supply continues to be high, and the downstream demand is relatively stable. The inventory of upstream cash orders is transferred to the middle reaches instead of the downstream replenishment. Short-term device disturbance expectations are difficult to form a sustained drive and oscillating operation, and pay attention to the subsequent domestic macro-policy news.

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