Since 2015, about 127 A-share companies have suffered from "placarding", and the number of placards has reached 253 times. The frequent placarding of insurance funds and large industrial capital has become a hot topic in the market. Why have listed companies been frequently placarded since 2015? What is the purpose of the placard? What is the impact of placards on stock prices? This paper sorts out the definition, rules, characteristics, reasons, modes and stock price performance of this round of placards.

First, what is placard: definition and rules

(1) Definition

According to the Securities Law, when an investor holds 5% of the issued shares of a listed company, he should make a written report to the the State Council securities regulatory body and the stock exchange within 3 days from the date of this fact, notify the listed company and make an announcement, and fulfill his obligations as stipulated by relevant laws.

Investors holding shares in listed companies can buy them through the secondary market or through agreements. The placard we usually discuss means that investors buy 5% shares of listed companies through the secondary market. According to the provisions of the Measures for the Administration of Takeovers of Listed Companies, when an investor owns 5% of the shares of the listed company, every 5% increase in the shares shall also be disclosed. Therefore, a listed company can be repeatedly placarded by different investors or by the same investor.

(2) Rules

The Measures for the Administration of the Acquisition of Listed Companies are the main laws and regulations that listed companies need to follow. The main points of the Measures are as follows:

(1) Buyers include investors and others acting in concert with them.

(2) When the shares owned by investors and their concerted parties account for 5% of the issued shares of a listed company through securities trading or agreement transfer at the stock exchange, they shall prepare a report on the change of equity within 3 days, submit a written report to the China Securities Regulatory Commission and the stock exchange, notify the listed company and make an announcement; During the above period, the shares of the listed company shall not be traded again.

(3) After the shares of the aforementioned investors and their concerted actions have reached 5% of the issued shares of a listed company, if the proportion of the shares owned by them has increased or decreased by 5%, a report and announcement shall be made in accordance with the provisions of the preceding paragraph. During the reporting period and within 2 days after making the report and announcement, the shares of the listed company shall not be traded again.

(4) When the acquirer holds 30% of the shares of a listed company and continues to increase its holdings, it shall make an offer in full or in part.

(5) Trading information and equity change information need to be disclosed for placarding, and the information to be disclosed is different for different shareholding ratios, as shown in Table 1 and Table 2:

Second, placard: What is the current situation?

(1) Quantity: It has increased substantially, with the peak in the second half of 2015.

According to the data of straight flush, from 2014 to November 11, 2016, A-share listed companies were listed for 256 times, including only 3 times in 2014 and 253 times since 2015, with a total of 127 listed companies listed.

This wave of placards began in 2015 and reached its peak in the second half of 2015. In the second half of 2015, the number of listed companies being placarded reached 130 times. It fell back in 2016, but it is still at a relatively high level compared with before 2015.

(II) Subject: Insurance, private placement and industrial capital are the main participants.

From the main body of placard, it presents diversified characteristics, mainly including insurance, private placement, industrial capital, state-owned capital and individual placard, in addition to trust and joint placard of several different entities.

Although insurance is the most noticeable subject, according to the data from 2015 to the present, it is not the most important subject for placards. According to the data from the second half of 2015 to November 2016, private equity funds and investment companies are the institutions that have the most placards. Considering that many investment companies are controlled by industrial capital, they are only investment and financing platforms for industrial capital. For example, Evergrande used its investment companies to placard Vanke and Meiyan Jixiang. Therefore, it can be considered that insurance, private equity funds and industrial capital are the main participants in this round of "placard tide".

Third, who is being placarded: investment target

By analyzing the market value, shareholder structure, industry distribution, financial status, dividend yield, stock type and other factors of listed companies, we find that the majority shareholder structure of listed companies is scattered, and there are many small and medium-sized market values. In terms of industry distribution and stock type, we can also see some investors’ preference for placarding.

(1) Shareholder structure: Most shares are dispersed.

Since 2015 is the beginning year of the placard tide, the shareholder structure of the company will change after the placard. In order to analyze the shareholders’ structure of the placard company in early 2015, which is not affected by the changes in equity during the placard process, we uniformly select the shareholders’ structure of the placard company for analysis.

According to wind data, the shareholder structures of 127 listed companies are mostly scattered. From the shareholding ratio of the largest shareholder, 70% of the largest shareholder holds less than 30% and 41% holds less than 20%. Judging from the shareholding ratio of the top ten shareholders, the shareholding ratio of the top ten shareholders close to 70% is below 50%.

Most shares are not concentrated in the hands of major shareholders, which makes it convenient for capital to buy placards through the secondary market, and it is one of the necessary conditions for some capital to hold and acquire listed companies through placards in the secondary market.

(2) Market value: Small and medium-sized stocks are more popular.

In terms of market value, most of the listed stocks belong to small and medium-sized stocks, not blue chips. About 86% of the listed companies have a market value of less than 20 billion yuan, that is, the initial listing cost of investors at the current price is at most 1 billion yuan, and the tender offer cost is about 6 billion yuan.

Investors hold placards, mostly to share the profits of listed companies or gain control of listed companies. Compared with some large-cap stocks and blue-chip stocks, small and medium-sized stocks need less capital for investors, and big capital and small companies are more dominant in the game process. Therefore, among the placards, small and medium-sized stocks are more favored by capital.

(C) Sub-industry real estate is the first, and the consumption of the whole industry chain is well received.

The sub-sectors where the listed companies are located are scattered, with real estate ranking first and other industries accounting for 10% or less. Among the 127 listed companies that were listed from 2015 to early November 2016, 19 were mainly engaged in real estate, accounting for 15%, followed by equipment manufacturing and retail trade. Chemical raw materials, electronic communication equipment, and power grid industries are also in the forefront, and there is not much difference between them.

From the perspective of the whole industrial chain, large consumer industries are more popular. From the perspective of industrial chain, listed companies with placards are mainly concentrated in real estate and its upstream and downstream industries (building materials and construction, steel, coal), retail consumption and its upstream and downstream industries (clothing, textiles, food, chemical raw materials, agriculture), traditional non-essential consumption (catering, tourism, banking, medical care), TMT (electronic equipment, information and communication, cultural media, software Internet) and medical care. According to this classification, the industrial chain of large consumption accounts for the highest proportion, followed by real estate and its upstream and downstream, and TMT and equipment manufacturing are tied for third place.

(D) Financial situation: uneven

Thinking set, such as "putting up a placard represents a long-term optimistic view of this listed company", makes people mistakenly think that most of the listed companies are well-run and have high return on capital. But in fact, this is not the case.

It is not only such listed companies with good performance that are favored by capital. From the company’s financial situation, according to the data of the 2015 annual report, about 48% listed companies have a ROE above 5%, and 20% companies have a negative ROE in 2015, that is, they lost money in 2015. According to the latest quarterly data of these companies in 2015 and 2016, about 50% of the company’s profits increased negatively in 2015, and only 30% of the company’s profits have increased for two consecutive years.

The differentiation of investment targets mainly stems from the different investment purposes of capital. Not all capital is optimistic about the company’s prospects and makes long-term investments. Some companies with poor capital placards are more likely to achieve other purposes.

(E) dividend yield: generally speaking, it is not high, and insurance funds have a preference for dividend yield.

Judging from the dividend yield of listed companies, the dividend yield is not high as a whole, nearly half of the companies do not pay dividends, and 80% of the companies have dividend yields below 1%.

Insurance companies have a preference for dividend yield. Most of the 34 listed companies listed by insurance companies (see Table 10 for details) pay dividends. Among them, 14 companies have a dividend yield of over 1%, and 8 companies (accounting for 24%) have a dividend yield of over 2%. Visible, insurance funds as a long-term funds, most of the company’s dividend yield requirements.

(VI) Stock types: There are relatively many growth stocks.

Growth stocks, value stocks and cyclical stocks are the main types of A-share investment in 2015-2016. In this paper, cyclical stocks are defined in a narrow sense, including metal, non-metal, mining and building materials industries (classified by wind). In this paper, the definition of growth stocks and value stocks has been relaxed. Due to the high overall P/E ratio of A shares, according to the actual situation in China, the dividing line of P/E ratio is set at 30, and the P/E ratio is greater than 30, and the overall profit has increased in recent two years (in principle, continuous growth should be required). PE less than 30, PB less than 5 (principle 3) and PEG less than 3 (principle 1) are value stocks. According to the above definition, the stock types of listed companies are judged.

There are more growth stocks in listed companies that are listed, followed by value stocks. On the one hand, it is due to the large profit margin of growth stocks in the future, on the other hand, it is also related to the fact that growth stocks are mostly small and medium-sized and growth enterprise market, and the market value level is not high compared with value stocks.

The different types of stocks also determine the different subjects and purposes of placards. On the subject, value stocks are less risky overall and more favored by insurance funds. Among the value stocks with PE less than 10, except Bank of Beijing and Youngor, all others are placards for insurance companies; The placard subjects of growth stocks are more diverse. In terms of purpose, the stock price elasticity of growth stocks is high. If the placard is only a financial investor and signs a growth stock with only profit and concept support, the capital gains that can be obtained after changing hands will be considerable, and it is not necessary to be a major shareholder; However, value stocks are different, with low PE and low stock price elasticity. Most of the listed value stocks pay dividends and accrue earnings.

Fourth, why placard: the rise of logic

(1) Timing: The stock price fell in the second half of 2015.

It can be seen that the number of placards increased significantly in the second half of 2015, mainly due to the overall sharp decline of A shares due to the deleveraging of the stock market from June to August 2015. Not only did the prices of GEM and small and medium-sized stocks with higher valuations fall, but many large-cap stocks and blue-chip stocks also fell sharply under the guidance of market sentiment. At the same time, the regulatory authorities also issued a series of policies to stabilize the stock price, and at that time formulated specific goals and measures. In this context, it can be said that it is a good opportunity to brand high-quality listed companies.

Different from the increasing diversification of listed companies in 2016, there are many large companies with good performance in the second half of 2015, and the industries are more concentrated in real estate, finance, consumption, information technology, equipment manufacturing and other industries, such as Vanke A, Industrial Bank, Tongrentang, Financial Street, Shanghai Pudong Development Bank, Xinhua Department Store, Nanning Department Store, Jinfeng Technology, CYTS and so on. About 60% of companies have a ROE of more than 5%, which is better than the average level from 2015 to 2016.

(2) Market value: Small and medium-sized stocks are more popular.

For insurance funds, "asset shortage" is the main problem of investment since the second half of 2015. It is difficult to have investment products with low risk that can cover about 4.5% of the liability cost of universal insurance. However, high-quality listed companies with low P/E ratio but high return on capital can solve this problem. If they hold more than 20% shares in a listed company, they can accrue the listed company’s surplus and enter it into the table according to the equity method, thus avoiding the impact of stock price fluctuation in the cost method on profits.

For industrial capital, in addition to strategic acquisition, some listed companies with scattered equity, small market value and poor profitability may have other purposes. Under the background of low return on domestic assets and strict supervision of real estate financing by the government, large industrial capital began to invest overseas, requiring a lot of funds and broadening financing channels; Small capital itself is facing the problem that financing is difficult and expensive. If you can use self-operated funds to become a major shareholder of a small listed company, and then reorganize the board of directors to gain control of the company, it will become your own investment and financing platform, which is another reason why industrial capital frequently placards.

(3) Policy: The policy was relaxed in the second half of 2015.

In the second half of 2015, in order to stabilize the stock price, the regulatory authorities once relaxed the policy of holding shares with insurance funds. In order to encourage insurance funds to invest in blue-chip stocks, the CIRC issued the Notice of China Insurance Regulatory Commission on Relevant Matters Concerning Improving the Supervision Ratio of Insurance Funds to Invest in Blue-chip Stocks. The Notice stipulates that insurance companies that meet the requirements of solvency adequacy ratio of not less than 120% and investment blue-chip balance of not less than 60% of the stock balance will be adjusted from 5% to 10% of the total assets at the end of last quarter after being filed by the CIRC. If the balance of investment equity assets accounts for 30% of the total assets at the end of last quarter, you can further increase your holdings of blue-chip stocks. After the increase, the balance of equity assets is not higher than 40% of the total assets at the end of last quarter. Therefore, in terms of the number of times, the proportion of insurance placards in the second half of 2015 was significantly higher than the average ratio in the past two years, and the investment targets of insurance placards were all listed companies with good operating conditions, with high dividend yield, and none of them had a negative ROE in 2015.

However, in 2016, the policy was tightened again, and the number of placard cases also declined. The China Insurance Regulatory Commission issued the Notice on Strengthening Prudent Supervision of Asset Allocation of Insurance Companies, requiring insurance companies that meet certain conditions to submit stress test reports, which require analysis of the impact of various situations such as the decline in equity investment on the solvency of insurance companies. At the same time, the CSRC also issued the Notice on Matters Related to the Listing Financing of Financial Enterprises, which prohibits companies from directly or indirectly investing in the secondary market through the financing of the New Third Board, and requires that the raised funds shall not be used to invest in the stocks of listed companies in the secondary market of the Shanghai and Shenzhen Stock Exchanges and related private equity securities funds, except for the stocks passively held by the investors.

Fifth, how to placard: mode

(a) the main placard: whether there are people acting in concert.

Judging from the main body of placard, it can be divided into single main body and multiple main bodies to jointly placard. The joint placard of multiple entities can be divided into multiple concerted parties controlled by the same controller, and multiple related parties that have reached an agreement of concerted parties or entrusted purchase agreements. Generally speaking, a single subject and concerted parties controlled by the same subject account for the majority.

Single subject: Xinhualian brand Bank of Beijing; Qingdao City voted for the brand to rise steadily.

A number of concerted parties controlled by the same controller: Qi Shenghua and Qianhai Life Insurance brand Vanke; Guangzhou Libo Investment, Zibo Investment, Yuelang Investment, Kaixuan Investment, Wide Area Investment, Xinsheng Investment, Zhongqin Investment and many other investment companies of Evergrande Holdings put up Vanke; Sunshine Life Insurance and Sunshine Property Insurance brand Yili; PICC P&C Insurance and PICC Life Insurance brand Industrial Bank.

A number of concerted parties who reached an agreement on concerted parties: Zhang Yizhuo and Winbond Life and Health Co., Ltd. advertised Lijiang Tourism; Fourteen people, including Qian Xiangying, Yue Zhibin, Ji Xiang, Zhang Shouqing and Wang Wenwei, placarded Garden City Gold.

The concerted parties who reached the entrusted purchase agreement: Zhu Jiman advertised Shandong Yaobo, and Zhu Jiman entrusted Lu Fenli and other eight people to use their accounts opened in Zhongrong International Trust to advertise Shandong Yaobo. The funds needed for the transaction were provided by Zhu Jiman.

(2) Sources of funds: self-owned funds or leveraged funds.

From the source of funds, there are two types of placards: using self-use funds and using leveraged funds. There are not many investors who use multi-layer leveraged funds to placard.

Investors can placard listed companies through their own funds, or leverage through equity pledge and commercial loans. It is worth noting that insurance companies use premium income to raise cards, which belongs to leveraged funds, because premiums belong to insurance companies’ liabilities, and debt reinvestment itself is leveraged investment. In addition, products such as dividend insurance and universal insurance give customers a certain expected dividend or expected rate of return, which is equivalent to borrowing customers’ funds to invest in the secondary market. It is precisely because of this that after Evergrande’s insurance platform, Evergrande Life Insurance, cleared all the 4.95% equity of Meiyan Jixiang bought in September to obtain the short-term price difference at the end of October, the CIRC explicitly did not support insurance funds for secondary market speculation.

Judging from the placard events that have announced the sources of funds, the sources of funds are mostly self-owned funds and premium income. Only investors who hold more than 20% of the shares need to announce the source of funds. Judging from the placard events that have announced the source of funds at present, apart from premium income, there are only three placard events in which leveraged funds are used: Ju Shenghua placards Vanke, Jingji Group placards Candal, and Li Qin placards Chengdu Luqiao. Most industrial capital and insurance funds still only use their own funds and premium income, and some insurance companies even use their own funds and responsibility reserves to placard listed companies.

(3) Brand-raising method: buying in large quantities in one day or buying for many times in total.

Only when the shareholding ratio exceeds 5% does it need to be announced, but it does not stipulate how long it will take to reach 5%. From the perspective of time span, we can find that some companies buy 5% shares of a listed company in a huge amount in one day, some companies buy them in two or three days, and some companies slowly increase their positions and buy 5% in a few months. On the whole, a few people buy in huge quantities every day.

One-day buying: Jingji Group bought 5% of Candal’s placards on January 27th, February 3rd and February 17th, 2016 after holding 9.78% shares in Candal. On November 10th, 2016, Guangzhou Zhongqin Investment Co., Ltd. (one of the investment companies in Xu Jiayin) bought 5% shares of Meiyan Jixiang.

Buying for many times: Qianhai Life Insurance listed Vanke A for the first time, and the trading time was from January 5, 2015 to July 10, 2015, with a cumulative shareholding of 5% in many transactions; Fude Life Life has repeatedly advertised Shanghai Pudong Development Bank, all of which have accumulated 5% for many times. According to the third quarterly report of Shanghai Pudong Development Bank in 2016, Fude Life Life currently holds 20% of the shares of Shanghai Pudong Development Bank.

(D) Purpose: Not all of them are long-term investments.

From the perspective of listed companies, there are great differences in terms of industry distribution, company performance and market value. This is mainly due to the different purposes of the capital parties.

The purpose of the placard mainly consists of the following three types:

The first is to compete for the largest shareholder and realize the control of the company. The purpose of control is to meet the needs of enterprise development, and the other purpose is to go public by backdoor. For example, Jingji Group tried to buy Candal through many placards, or its purpose was to obtain many high-quality land resources owned by Candal, which is mainly engaged in agriculture, and to list on the backdoor. For example, Evergrande advertised Langfang development for four times, or took a fancy to Langfang’s geographical advantages and its land reserves; As well as the recent brand name of Evergrande, Meiyan Jixiang became the largest shareholder of Meiyan Jixiang, which was interpreted by the market as or preparing for Evergrande’s backdoor in the A-share market.

Second, just be a financial investor and be optimistic about the company’s long-term performance. Financial investors are the purpose of most insurance funds. Judging from the trend of Anbang, Guohua, PICC and other insurance companies after placarding, it seems that insurance funds are not as persistent as industrial capital for the seats on the board of directors of listed companies, and the placarding of insurance funds is constrained by debt cost, so in most cases, insurance funds still favor companies with good fundamentals and long-term good performance. From 2015 to now, there are 34 listed companies that have been listed by insurance funds, and their return on capital is positive, and the net return on capital of most companies is above 5%. If we are optimistic about the company’s long-term development and shareholding of more than 20%, the accrual of surplus according to the equity method is enough to cover the current cost of around 4.5%.

The third is short-term hype. Not only private equity funds, industrial capital and insurance capital with industrial capital background will push up the stock price through the topic of stock manufacturing market and then clear the position for short-term speculation. Most of the investment targets are topical companies with small market value and scattered equity. For example, Evergrande Life’s "fake placard" mentioned above hyped Mei Yan’s auspiciousness, and another example was Qianshi Capital’s placard of YTO Express. From July 1 to July 9, 2016, Qianshi Capital bought a total of 6.42% shares in YTO Express. Judging from the details of the transactions disclosed, during the four trading days from July 6 to July 9, Qianshi Capital bought and sold, and the purpose of obtaining short-term price difference was obvious.

Six, after the placard: stock price performance

We judge the influence of placarding on the stock price of listed companies by calculating the cumulative rise and fall, the cumulative excess return, the rise and fall on the announcement day, the excess return on the announcement day and the excess return on the announcement day T+1 during the placarding period (see Table 9). Generally speaking, placards may not necessarily lead to a rise in the stock price, but are also affected by the company’s quality and market environment. However, placards that are "known" (such as placard announcement day and placards of big insurance and big industrial capital) will generally raise the company’s stock price in a short time.

(A) the placard does not necessarily lead to a rise in share prices.

It is a misunderstanding that being placarded by big funds will bring about a rise in stock prices. Most placards increase their holdings by a total of 5% for several days, which has little impact on the stock price during the placard period, so it is not necessarily that the stock price will rise sharply during this period. For example, Shenzhen Ruilai Jiayu Investment held several placards on ST Huiqiu, during which the stock price fell and the accumulated excess return was negative. Not only such stocks with poor fundamentals may not be good for the stock price, but some blue-chip stocks may not be good for the stock price. For example, Qianhai Life Insurance and Yan Shenghua placarded Vanke from July to August 2015, during which the stock price did not rise but fell, with a cumulative decline of 14.06%; During the first listing of Shanghai Pudong Development Bank from May to August, 2015, Fude Life Insurance’s share price fell by -18.34%, and the cumulative excess return rate was -2.96%. In addition, judging from the cumulative excess rate of return during the period of placarding, placarding may not bring excess rate of return, so it cannot be simply concluded that placarding can promote the stock price to rise.

(2) The general share price will rise on the day of placard announcement.

In most cases, the stock price will rise on the day of placard announcement, and there are many stocks with daily limit on the day of announcement. For example, Anbang placards Vanke A, and announces the daily limit of Zivanko A in the placard; Shenzhen Ruilai Jiayu invested in the placard of ST Huiqiu. Although the rate of return was negative during the placard period, there were two daily limit of ST Huiqiu in five placard announcement days. Guohua Life Insurance brand Tianchen shares, Qianhai Life Insurance brand Shaoneng shares, Evergrande brand Langfang development, and the stock price of several announcements was daily limit.

(C) fundamentals are very important, and it is difficult to gain benefits from placarding ST.

It is also difficult to change the stock price decline when companies with poor financial conditions or under regulatory investigation are placarded. Among the listed companies, there are some companies whose losses have been labeled as ST for two consecutive years, such as ST Huiqiu and *ST Yaxing, and some companies whose suspected problems are under regulatory investigation, such as Hengshun Zhongsheng. Although ST Huiqiu and *ST Yaxing were placarded only after the stock price stabilized in 2016, the two companies did not obtain considerable accumulated income and excess income during the placard period.

(D) Timing is very important, and it is difficult to raise the stock price against the trend by holding a placard.

From May to August, 2015, when the Shanghai Composite Index fell sharply as a whole, it was difficult for the company to rise against the trend by holding a placard, but it could obtain excess returns, that is, the actual decline was smaller than the expected decline without holding a placard. After the overall stock price fell sharply, some investors thought that some stocks were undervalued, so they chose to raise cards at this time.

In the long run, most stock prices are indeed at the low point of the range. At that time, the timing of placarding was very good for the placarding subject. However, only from the performance of the placarding stock price at that time, except for PICC P&C Insurance and PICC Life Insurance, which bought a large amount of placarding Industrial Bank on the same day, most of them did not raise the stock price of the placarded company through placarding. For example, during this period, Qianhai Life Insurance and Ju Shenghua listed Vanke A, Qianhai Life Insurance listed CSG A, Guohua Life Insurance listed Guonong Technology and Tianchen Shares, and Fude Life Life Insurance listed Shanghai Pudong Development Bank. During the period of listing, the stock price still fell sharply.

(E) Attention is very important, and insurance and large industrial capital placards have a great impact on stock prices.

Compared with individual investors, private equity funds and state-owned capital placards, insurance and large industrial capital placards have obvious pull-up effects on stock prices. The reason is that the market pays more attention to the trend of big capital such as Anbang and Evergrande, and such institutions will not only raise their cards once for a company, but often raise their cards several times until they reach their ideal shareholding ratio. The market has expectations for the follow-up placards, and there will be a lot of retail funds to follow up in the follow-up placards, which will further promote the stock price rise.

Attention is very important The importance of attention can be seen from the stock price performance of Vanke A, which was advertised by several capitals several times. Qianhai Life Insurance listed Vanke A in the early stage. Even with the help of the rising stock price in the first half of 2015, the cumulative income of Vanke during the period of listing was flat, and the cumulative excess return rate was even negative. However, with the fermentation of events after the fourth quarter of 2015, each capital can obtain higher excess return for Vanke A.

It is worth noting that Qianhai Life Insurance also advertised CSG A at the same time as Vanke. Although CSG A’s profit has declined in the past 15 years, its assets and profits are in the forefront of the industry, with a return on capital of about 7.7% and a price-earnings ratio of about 24-26. The overall operating condition is acceptable. The dividend yield in the past 12 months is about 2.4%, which is comparable to Vanke’s, which is a good target for being advertised by insurance funds, but its share price during the period of being advertised.

　　Recently, the action movies on the big screen are very lively, but it is not difficult for the audience to find one of the "strange" phenomena-in the "Moscow Action", which made a box office success during the National Day, it was Andy Lau and Zhang Hanyu who punched each other on the train. In this week’s "Trapped Beast", 61-year-old Wu Zhenyu faces the challenge of 48-year-old Wallace Chung; Jackie Chan, who has won various "Lifetime Achievement Awards" for many times, will be 70 years old next year, and he is still trying different "styles" in various action comedies. Even Jason Wu and Max Zhang, the youngest kung fu stars in the eyes of movie fans, were born in 1974.

　　Jet Li starred in Shaolin Temple at the age of 19 and became popular all over the country overnight. At the age of 21, Jason Wu starred in "Kung Fu Kid", whose baby face and neat action style attracted countless audiences; Jackie Chan began to be a martial artist at the age of 17, and established a comedy action style at the age of 24. Donnie Yen, who can be called a "late bloomer", has been in the field of action movies for many years. At the age of 28, he "met" the series of films "Xinlongmen Inn" and "Huang Feihong" … At one time, action actors were impressed as "teenagers became famous" and wanted to "eat youth meals". However, nearly forty years later, it seems that kung fu stars who can take up the box office and have appeal.

　　Is the talent cut off? Action actors have high professional requirements, but there are obviously insufficient institutions to train talents in this field at present. Retired Wushu athletes are undoubtedly more in line with the requirements in action performance, but in acting, not only need time to temper, but also depends on performance talent. And the actors who come from the performance major need long-term training and accumulation, so they can’t be sloppy. The film and television industry, which is getting faster and faster in pace, can endure hardships and loneliness, and only a few people really persist with enthusiasm.

　　In the movie "Dragon Tiger Warrior" released in 2021, through the rise and fall of the development history of Hong Kong’s film martial arts, it reflects the indomitable evolution of an industry and the endless pulse of an era. The continuous development of film technology also poses new challenges to this industry. Green screen, special effects, motion capture, etc., on the one hand, make many dangerous actions be replaced by special effects, without the need for martial artists to "fight for their lives", on the other hand, make a large number of practitioners face more updated challenges. Jackie Chan once lamented that he couldn’t find a "successor" for the problem of "playing stars", and many netizens also said that the era of really kicking and fighting has passed.

　　In addition, from the perspective of market environment, action movies are no longer the box office panacea that was tried and tested in the past. Only the "action giant system" with big production, big cost, big scenes and big stars can have box office competitiveness. However, with the investment of hundreds of millions of yuan, there is no room for any mistakes. The mature actors with box office appeal are obviously more "insurance", and the fierce market competition has been unable to give new actors a chance to try and make mistakes. As a result, the action scenes in movies are getting more and more fierce, and the difficulty of action design is getting higher and higher, while those experienced "old stars" who are already in their fifties and sixties still have to bite their teeth and charge in the front line, and young actors can only play supporting roles.

　　It is noteworthy that Kung Fu movies are unique genre films in China, and "Kung Fu Star" is a unique business card. With the rapid development of the movie market, it is expected that while the Kung Fu superstars continue to shine, more shining action stars will emerge. (Ding Xiaochen)

　　At 8 o’clock, witness the news every day. CCTV will sort out the big and small things that happened around us within 24 hours for you.

　　[Follow] or break 40 C! The high temperature in many places in the north refreshed the hottest record in May.

　　A few days ago, many places in the north suffered the first round of high temperature weather this year, and the highest temperatures in many cities set a new record this year. Many places in Beijing, Tianjin and Hebei successively issued high temperature warnings. According to the forecast of the Central Meteorological Observatory, the hot weather in the north will continue on the 23rd, and the local maximum temperature may break the 40℃ mark.

　　[domestic]

　　Four major domestic airlines formally claim compensation from Boeing.

　　The four major domestic airlines formally initiated a claim against Boeing. On the 22nd, following China Eastern Airlines and Air China, China Southern Airlines and Xiamen Airlines formally sent a letter to Boeing Company, claiming compensation for the loss caused by the grounding of Boeing 737MAX and the delayed delivery of 737MAX ordered in advance.

　　The relevant person in charge of China Southern Airlines said that since March 11th, China Southern Airlines has suspended the commercial operation of 24 Boeing 737MAX aircraft. It is understood that China Southern asked Boeing to negotiate the compensation plan as soon as possible. China Southern Airlines owns the largest number of Boeing 737MAX aircraft among the three airlines, and it declined to disclose the specific claim amount.

　　On May 22, Xiamen Airlines announced that it would lodge a claim with Boeing for the losses caused by the long-term grounding of 10 Boeing 737MAX aircraft.

　　On the 22nd, Air China formally filed a claim with Boeing for the loss caused by the long-term grounding of Boeing 737MAX aircraft and the failure to deliver the order on time.

　　China Eastern Airlines filed a claim with Boeing on May 21st. The scope of the claim includes the long-term grounding of the company’s 14 Boeing 737MAX aircraft since March 11th, and the losses caused by the delayed delivery of the 737 MAX aircraft ordered by the company in the early stage. China Eastern Airlines said that China Eastern Airlines and Boeing will maintain communication on this issue. Since the grounding of the 737MAX, it has caused great losses to China Eastern Airlines, and the related losses are still expanding.

　　Yuan Renguo, the former chairman of Kweichow Moutai Distillery Company, was "double-opened"

　　According to the website of the State Commission for Discipline Inspection of the Central Commission for Discipline Inspection, recently, with the approval of the Guizhou Provincial Party Committee, the Commission for Discipline Inspection of Guizhou Province conducted a disciplinary review and supervision investigation on Yuan Renguo, former deputy secretary of the Party Committee of Guizhou, China Maotai Distillery (Group) Co., Ltd. and former chairman of Guizhou Maotai Liquor Co., Ltd.

　　After investigation, Yuan Renguo seriously violated political discipline and rules, and used the management right of Maotai liquor as a tool to win over relations and exchange interests, to cling to politics and gain political capital. Engaging in power and money transactions, wantonly facilitating illegal dealers to engage in Moutai business in violation of regulations, seriously damaging the marketing environment of Moutai; Engage in "family corruption"; Transfer stolen money and goods, collude with others, and confront organizational review. Violation of organizational discipline and failure to truthfully report personal matters. Violation of integrity discipline, illegal profit-making activities, and illegal acquisition of huge profits; Engage in power and money transactions. Violation of national laws and regulations, taking advantage of his position to seek benefits for others, illegally accepting other people’s property, the amount is particularly huge, suspected of accepting bribes.

　　袁仁国身为党员领导干部和贵州省重点国有企业负责人，把党和人民赋予的国有企业经营管理权当作个人和家族谋取私利的工具，严重违反党的纪律和国家法律法规规定，且在十八大后不收敛、不收手，性质十分恶劣，应予严肃处理。依据《中国共产党纪律处分条例》《中华人民共和国监察法》等有关规定，经省纪委常委会会议、省监委委务会议研究并报省委批准，决定给予袁仁国开除党籍、开除公职处分，将其涉嫌犯罪问题移送检察机关依法处理。

　　两部门：集成电路设计企业今明两年免征企业所得税

　　据财政部网站消息，财政部、税务总局近日发布公告，依法成立且符合条件的集成电路设计企业和软件企业，在2018年12月31日前自获利年度起计算优惠期，第一年至第二年免征企业所得税，第三年至第五年按照25％的法定税率减半征收企业所得税，并享受至期满为止。

　　最高检：个别律师充当掮客　为“打假官司”出谋划策

　　最高人民检察院第六检察厅厅长元明22日指出，个别律师充当司法掮客，“勾兑”当事人和承办法官，成为了虚假诉讼的“智囊”，为虚假诉讼的顺利进行出谋划策。

　　On the 22nd, the Supreme People’s Procuratorate held a press conference on "Combating false litigation’s Joint Construction of Judicial Integrity" to inform the procuratorial organs of strengthening the supervision of false litigation in recent years, release the 14th batch of guiding cases of the Supreme People’s Procuratorate, and answer questions from reporters.

　　At the meeting, a reporter asked: What is the civil "false litigation"? What are the characteristics of false litigation? What’s the harm?

　　Yuan Ming, director of the Sixth Prosecutor’s Office of the Supreme People’s Procuratorate, explained that the civil "false litigation", commonly known as "counterfeiting lawsuit", refers to the behavior that the parties unilaterally or maliciously colluded with others, fabricated civil legal relations, fabricated civil disputes, and filed a civil lawsuit with the people’s court in an attempt to infringe on national interests, social public interests or the legitimate rights and interests of others and hinder the judicial order through litigation, arbitration and mediation.

　　Beidou global navigation will be completed next year to realize global short message communication.

　　On the 22nd, the 10th China Satellite Navigation Annual Conference was held in Shunyi, Beijing. Ran Chengqi, director of China Satellite Navigation System Management Office, introduced that China will launch another 6-8 Beidou-3 satellites this year, and plan to launch 2-4 satellites next year, and complete the construction of Beidou-3 system by the end of 2020. When fully completed, Beidou-3 system will realize global short message communication, international search and rescue, satellite-based enhancement and precise single-point positioning services covering China and surrounding areas, and the spatial signal accuracy will be better than 0.5m..

　　12306 website and client expand railway standby ticket purchase service

　　From May 22nd, 12306 website expanded the railway standby ticket purchasing service to all passenger trains. The standby ticket purchase service means that when purchasing tickets through the 12306 website and APP, if there are no tickets for the required trains and seats, you can voluntarily submit the ticket purchase requirements according to the date, trains, seats and advance payment, and the ticketing system will automatically queue up for standby. When there is a refund for the corresponding trains and seats, the system will automatically cash the tickets and inform the purchasers of the ticket purchase results. There is no extra charge for this service.

　　The collapse of Baise Bar in Guangxi has caused 6 deaths and 87 injuries, and the local commission for discipline inspection and supervision will be held accountable.

　　According to the website of the Youjiang District Commission for Discipline Inspection and Supervision, Baise City, Guangxi Province, the Youjiang District Commission for Discipline Inspection and Supervision set up a review and investigation team for the "5o20”0776 bar roof collapse accident involving violations of discipline and law. At present, the accident investigation is still in progress, and the Youjiang District Commission for Discipline Inspection and Supervision will seriously investigate the responsibilities of relevant responsible persons according to discipline and law.

　　At 1 o’clock in the morning of May 20th, the roof of Bailong Wanxianghui Bar named "0776" near Dongzhou Avenue in Youjiang District, Baise City, Guangxi Province collapsed. As of 16: 00 on May 21st, 87 people were injured and 6 people were killed in the accident.

　　[international]

　　Duterte is real! Garbage is transported back to Canada and dumped in Canadian territorial waters if it is not accepted.

　　In the past few days, the garbage dispute between the Philippines and Canada has not been alleviated. It has been a week since the Philippines issued an ultimatum to Canada, and Canada has been verbally promising, but has never seen actual actions. This act of Canada completely angered Philippine President Duterte, who ordered the relevant government agencies to take action on this matter.

　　According to the Philippine Star reported on the 22nd, Salvador Panelo, a spokesman for the Philippine President, said that President Duterte had given instructions to relevant departments to find a private shipping company to transport garbage back to North America. "The Philippine government will bear all the expenses, and we don’t mind", but he did not disclose the specific executive department.

　　Panello stressed that Duterte’s position on this issue is "principled and uncompromising". "If Canada doesn’t accept the garbage, we will throw it in Canada’s territorial waters or 12 nautical miles around the baseline of the country’s sea.".

　　Demonstrators broke out in Indonesia’s capital after the election: 6 people were killed and 200 injured.

　　According to foreign media reports, large-scale demonstrations broke out in Jakarta after the results of the Indonesian election were announced. Anis, head of the Jakarta Special Administrative Region, said that as of 9: 00 am local time on the 22nd, six people had been killed and 200 injured.

　　According to reports, anis said that he had been to tarakan Hospital in downtown Jakarta earlier to check the situation of the injured in the demonstration. He said, "On the morning of the 22nd, tarakan Hospital received a large number of injured people, about 80 people. At the same time, about 70 injured people were taken to Pelni Hospital in western Jakarta. "

　　In addition, anis called on the demonstrators to maintain public order and avoid more casualties.

　　A rally broke out in Washington to protest against the abortion ban

　　Recently, hundreds of protesters gathered in front of the US Supreme Court in Washington, D.C., to protest against the recent anti-abortion laws passed by several US states. Protesters held signs with slogans such as "Protect safe and legal abortion", "My body is my master" and "Abortion is a human right" and shouted "Lift the ban".

　　Washington state, USA, passed the new funeral law, and human remains can be used as plant fertilizer.

　　According to foreign media reports, on May 21, local time, Washington State, which is committed to environmental protection issues, signed a bill allowing "human fertilizer" to be one of the burial options after death. It is said that this new funeral method can release less carbon emissions than burial and cremation.

　　According to reports, the bill will come into effect in May, 2020. At that time, residents of Washington State will have the choice to turn their remains into fertilizers suitable for gardening, return to the earth after death, and integrate with plants.

　　Spade, who pushed the bill, was the founder of the first company to provide composting services for human remains, Recomposition.

　　Spade said: "The process of reorganization is natural, safe and sustainable, which provides an alternative to embalming, burial or cremation of corpses, which will greatly reduce carbon emissions and land use."

　　Society

　　Detention for 15 days! A public official in Wenzhou beat a pediatrician.

　　Weibo, the official of Wencheng County Public Security Bureau in Wenzhou, Zhejiang Province, issued a police report on the incident of "Zhu Moumou, a national public official, beating the director of pediatrics". Wencheng County Public Security Bureau imposed administrative detention on Zhu Moumou for 15 days according to law and imposed a fine on 300 yuan.

　　The circular also stated that after investigation, the illegal suspect Zhu Moumou truthfully stated the illegal acts of beating medical personnel and deliberately damaging finances after arriving at the case. After the legal capacity of the illegal suspect Zhu Moumou was assessed according to law, the assessment conclusion was that Zhu Moumou had the ability to be punished completely in this case.

　　Shandong Tancheng officially responded that "primary school students were punished by corporal punishment": the teachers involved were suspended.

　　Recently, the corporal punishment of students in the Second Experimental Primary School in Tancheng County, Shandong Province has aroused concern. On the 22nd, Weibo, the official of the Education and Sports Bureau of Tancheng County, Shandong Province, responded that the teacher Han had been suspended.

　　The Education and Sports Bureau of Tancheng County, Shandong Province, said that on May 21st, after the parents of the students reported that Wang Moumou, a student of Tancheng County Second Experimental Primary School, was physically punished by teacher Han, the Tancheng County Education and Sports Bureau and the County Second Experimental Primary School immediately organized personnel to conduct a detailed investigation. At present, the teacher Han involved has been suspended, and the relevant situation is under further investigation.　

　　Chengdu Medical College responded that "donating remains requires family members to retrieve their own ashes"

　　Recently, some media reported that three years after Yang Zhenggui’s daughter donated her body, her family members were told to take back her ashes. In this regard, Weibo, the official of Chengdu Medical College, issued a briefing saying: It will be handled properly and the family members will feel warm.

　　Three years ago, Yang Jiashan, a mountain woman in Yibin, Sichuan, died of leukemia and her body was donated to Chengdu Medical College. At the end of April this year, Yang Zhenggui, Yang Jiashan’s father, contacted Chengdu Medical College, hoping that Yang Jiashan would be buried in peace and let the receiving unit return the ashes. However, Yang Zhenggui got the answer that "the ashes of the remains donors can only be collected by relatives themselves".

　　8-year-old boy was rescued by his mother throwing him into the river. Police: His mother has been controlled.

　

　　According to the official micro-signal notification of Meixian District Bureau of Meizhou Public Security Bureau, Guangdong Province, at 6 o’clock on May 22, an emergency occurred in Meixian District. A woman threw her baby into Meijiang River at the embankment of Fuwai Road in Chengjiang Town. At present, the suspect Liu Mouzhen has been controlled by the public security organs.

　　According to the report, at 6 o’clock on May 22, an emergency occurred in Meixian District. A woman threw her baby into Meijiang River at the embankment of Fuwai Road in Chengjiang Town. After the rescue by the police and the people, the child was rescued from the river and sent to the hospital for treatment. At present, the child’s life characteristics are stable and his body is fine.

　　Roy has taken the initiative to go to the Beijing health supervision department for investigation and punishment.

　　The reporter learned that on the morning of May 22nd, Roy’s agent took the initiative to get in touch with Chaoyang District Health Supervision Office, and Roy himself went to the office for investigation and agreed to accept the punishment. Wang Benjin, spokesman of Beijing Health and Family Planning Supervision Office, said that Roy, as a public figure, should fulfill his social responsibilities in this respect. We still affirm his attitude of actively admitting mistakes and bravely correcting them.

　　[face]

　　[Ma Huaide] The new president and deputy secretary of the Party Committee of China University of Political Science and Law.

　　According to the website of the Ministry of Education, on May 22nd, the Personnel Department of the Ministry of Education announced the appointment and dismissal of the Party Group of the Ministry of Education in China University of Political Science and Law. Ma Huaide was appointed as the president and deputy secretary of the Party Committee of China University of Political Science and Law, and Chun Wong no longer served as the president and deputy secretary of the Party Committee of China University of Political Science and Law.

　　Ma Huaide, male, born in October 1965, joined the Party in June 1987, and joined the work in July 1993. He graduated from China University of Political Science and Law with a Ph.D. in procedural law as a professor. In February 2006, he served as Vice President of China University of Political Science and Law.

　　[Yao Xiaoqi] Zhejiang Yuhang Auxiliary Police was killed when dealing with traffic accidents.　Only 24 years old

　　

　　According to the official Weibo of Yuhang District Public Security Bureau of Hangzhou Public Security Bureau, Yao Xiaoqi, an auxiliary police officer of the traffic police brigade of Yuhang Public Security Bureau, was injured by a small car while guiding the handling of a rear-end accident, and died unfortunately. The case and the aftermath are being handled.

　　See you at 8 o’clock tomorrow!

I mentioned 110 at the end of 23, and I have run more than 7,000 kilometers so far. Although I have not yet reached the maintenance cycle, I decided to take the car to the store for maintenance due to my recent free time and plan to go for a long-distance self-drive. By the way, I will have a thorough inspection.

As soon as I entered the door, the service consultant received me warmly and led me to the customer reception area to wait. The last time I was in the store, I had just picked up the car. I noticed that there were now "service promise" signs placed all over the walls and tables in the reception area.

It probably means that the current after-sales services are transparent and the price is transparent, and even the accessories channels will be clearly announced. If the original parts are used, the original factory quality assurance will be sent for 12 months. If the sub-factory parts are involved, you will be asked to sign a confirmation letter to inform you that it will only be used after approval.

Since I am only the first warranty, change the oil filter and then check the car, but to be honest, these service promises are still very reassuring. When buying a car, I was still thinking about whether the 4S shop would "cut leeks" in the after-sales service. I originally planned to do the first warranty, and then I will do maintenance in the three-party repair shop in the future. But now that the service is transparent and the price is transparent, I estimate that I will still choose the official store for follow-up maintenance. After all, reliability is more important than anything else.

During the maintenance process, I went to the workshop to have a look when I was idle. I have to say that the sales and service in this store are quite enthusiastic. After I went to the workshop, I followed me and gave me a brief introduction to the general maintenance process. He said that their technicians are all certified by the original factory. To be honest, if I have to run a long-distance self-driving car for thousands of kilometers, I really need an official inspection and maintenance to make my heart more confident.

Let’s talk about why I bought a guard at that time. When I bought a car in the first place, there was already a hard standard – it had to be a "square box". When choosing between the Mercedes-Benz big G and the guard, I finally chose the latter because of the guard’s unique British temperament and more online appearance (well, it was actually because my daughter-in-law was hit by the guard’s shape at a glance).

I have always felt that the Defender 110 is the most suitable size for the Defender. If it is 90, it is more suitable for pure play users. The 130 is too long, the aura is too strong, and sometimes the daughter-in-law will drive it. The Defender 130 has a body of nearly 5.4 meters, and she is definitely unable to hold it. The Defender 110, which is just over 5 meters in height, is the most balanced in terms of both durability and practicality.

I bought the 3.0T version. In fact, when I bought the car, the new Defender V8 had just come out, but after the test drive, the 400 horsepower of my 3.0T engine was a bit "overperformance". Although the 5.0T V8 was very attractive, after comprehensive consideration, I still felt that the 3.0T version was completely sufficient.

Another thing to say is that the comfort of this generation of guards is really good. For a hardcore cross-country, it really exceeds our expectations. Even if the noise at high speed is very low, driving in the city usually feels very quiet. Compared with hardcore cross-country, the comfort experience of guards can really give full marks.

The guard has been driving for more than half a year, and in general, the more you drive, the more satisfied you are. Although your mileage may vary, the return rate of the guard is really high, which also proves to a certain extent that the design of this generation of guards is really top! I can’t help but look back a few times after locking the car. In addition, if I have the opportunity to do maintenance next time, I will share it to see if the service commitment of Land Rover has achieved national transparency!

Breaking through the shackles and exploring the truth, the unit reasoning detective drama "Detective of the Republic of China" starring Hu Yitian started broadcasting today. The play is adapted from "Detective Poirot" series by "Detective Queen" agatha christie, and directed by Zhang Weike. It tells the story that under the background of the Republic of China, Situ Yan, played by Hu Yi Tian, became a detective by chance, met eight strange cases, solved them one by one and sought the truth.

Hu Yitian’s brand-new deductive reasoning genius, the contrast behind hating evil as hatred?

Detective of the Republic of China puts the reasoning stage in the turbulent era of the Republic of China, and eight extremely exquisite cases extend from the cracks in history. Open the case that is full of doubts. Under the surface, there are secrets and people’s hearts. In addition to the thrilling suspense investigation, the plot is more integrated with the feelings of home and country. Under the background of this era, Situ Yan played by Hu Yi Tian is also a localized "Poirot" growing from the soil of China.

Situ Yan used to be a lawyer who hated evil and left Beijing because she didn’t want to bow to power. On his way to Harbin to "restart his career", he met "Murder on the Orient Express" and became a suspect himself. In the process of tracing the truth to remove his suspicion, he not only displayed his super reasoning talent, but also took this opportunity to step into the world of solving crimes and getting a glimpse of people’s hearts.

In addition to the identity of reasoning genius, Situ Yan is quite different in life. He is smart and arrogant, but he is also a gentleman when facing women. Not only adhere to the concept of justice, but also a "patient" with cleanliness and mild obsessive-compulsive disorder. Under the interpretation of Hu Yi Tian, Situ Yan is not only a detective, but also a patriotic young man with flesh and blood.

Hu Yi Tian plays detective off the charts again, and the young version of Poirot is well received by the original author.

The starring role in Detective of the Republic of China is Hu Yi Tian’s second detective after Detective of the Republic of China, but the character of Situ Yan is very different from that of Lu Geng in the last detective drama. Different from the timid and careless road, Situ Yan is more restrained and exquisite, and at the same time, she is also a "poison tongue expert". In the previous trailer, Hu Yi Tian well grasped Situ Yan’s personality temperament, and carefully portrayed the role from the aspects of eye play and micro-expression. The wonderful performance of the original lines adds more points to the fans’ expectations.

In fact, Detective of the Republic of China was highly recognized by Agatha, the original author, and was rated as "the best adaptation from China so far" by the copyright party. Hu Yi Tian plays Situ Yan, which not only retains the characteristics of Poirot’s super ability to solve crimes and gentleman’s character in Agatha’s original work, but also creatively presents young blood and high value. Agatha once wrote in her autobiography: "If I have the ability to predict the future, I will let a precocious student be my first detective, and then he will grow old with me." Just like the young detective Agatha wants to create in parallel time and space, Situ Yan, interpreted by Hu Yi Tian, is a tribute and a dream, which will bring different surprises to the audience.

ninemoon13Solstice14The 10th International Bridge and Tunnel Technology Conference and the "Belt and Road" high-end transportation infrastructure were hosted by China Academy of Engineering, jointly sponsored by China Railway Society, China Highway Society, China Construction Machinery Industry Association and Shanghai Civil Engineering Society, and jointly hosted by the Civil Engineering, Water Conservancy and Construction Engineering Department of Chinese Academy of Engineering, Engineering Management Department of China Academy of Engineering, Tongji University, Southwest Jiaotong University, shijiazhuang tiedao university, Shenzhen University and Chang ‘an University.

More than 30 academicians at home and abroad and more than 80 experts and scholars attended the conference through online and offline methods, and made reports around the theme of the conference. At the same time, the conference launched the "Tenth Anniversary Exhibition of Major Bridge and Tunnel Projects and the Exhibition of Technological Innovation", which focused on the major achievements and emerging technological innovations in the construction of transportation infrastructure such as bridges and tunnels and the development of the "Belt and Road" in China in the past decade. More than 300 enterprises and institutions, international organizations, universities and research institutes, industry associations, association leaders and experts attended the conference, with nearly 100,000 online participants.

The opening ceremony of the conference was presided over by the president of the conference, Academician Du Yanliang of China Academy of Engineering. Gao Zhanjun, Director of the Third Bureau of China Academy of Engineering; Nie Jianguo, Director of the Department of Civil Water Conservancy and Architectural Engineering of China Academy of Engineering and Professor of Tsinghua University; Lu Chunfang, Chairman of the General Assembly, Director of the Engineering Management Department of China Academy of Engineering and Chairman of the China Railway Society; Fang Shouen, Party Secretary of Tongji University; Ma Xingfa, Party Secretary and Vice Chairman of Shanghai Association for Science and Technology; Liu Qianwei, Chief Engineer of Shanghai Housing and Urban-Rural Construction Management Committee; and Yu Ning, Chairman of Shanghai Civil Engineering Society, attended the opening ceremony and delivered speeches respectively.

On behalf of the school, Fang Shouen expressed warm congratulations on the convening of the conference and heartfelt thanks to the leaders, academicians and experts for their long-term care and support to Tongji University and the discipline of bridge and tunnel engineering. He said that Tongji University has achieved fruitful results in discipline construction and scientific research in the field of bridges and tunnels, and has built the world’s largest multifunctional vibration experimental center, the first domestic ground vehicle wind tunnel center, the first domestic urban rail transit comprehensive experimental platform and other major scientific research platforms. It has undertaken a series of major national special projects and major engineering scientific research projects, and achieved landmark scientific research achievements such as key technologies of long-span bridges and structural earthquake-resistant and disaster-prevention technologies. At the same time, the school gives full play to the spillover effect of superior disciplines, basic research and applied basic research, constantly expands the forms and fields of social services, and actively serves the national and local social and economic development, providing strong human, intellectual and scientific support for the construction of the "Belt and Road", the construction of domestic bridges and tunnels, and the construction of railways and urban rail transit.

There are two main forums in this conference. Academician Qian Qihu, winner of "August 1st Medal", shared the approach of urban construction under the goal of "double carbon". Academician Zheng Junlian and Academician Deng Wenzhong respectively introduced the super-long-span arch bridge and its key innovation, and the aesthetic design of Chongqing Liangjiang Bridge. Academician Sun Jun, who is 96 years old, shared some hot issues in the development of tunnel engineering technology at home and abroad in recent years. Academician Niu Xinqiang discussed the key technologies of national water network and large diversion tunnel project. Academician Nie Jianguo introduced the enlightenment and innovation of engineering practice. Aiming at the basic problems of structural safety, life and durability, Academician Ou Jinping introduced the intelligent monitoring and simulation prediction of the whole life performance of bridge structures. Foreign academicians such as Herbert Mang, Luc Taerwe, Günther Meschke and Naeem Hussain also shared the latest research progress.

The International Bridge and Tunnel Technology Conference has always focused on major bridge and tunnel projects, and continuously promoted system innovation and scientific and technological progress. The conference set up seven major theme forums. In the forum of major bridge and tunnel construction, Academician Deng Mingjiang introduced the efficient tunneling and technological innovation of super-long tunnel cluster TBM. Academician Lin Ming shared the innovative practice of the island tunnel project of the Hong Kong-Zhuhai-Macao Bridge. In the "Belt and Road" transportation infrastructure construction forum, Academician Du Yanliang shared the development strategy and thinking of "Belt and Road" transportation infrastructure construction. In the forum on operation and maintenance of road and bridge engineering construction, Academician Zheng Jianlong focused on the key scientific issues of service performance of long-life road materials and structures, and Academician Gao Zongyu shared the new progress of high-speed rail bridges in China in recent years. In the operation and maintenance forum of tunnel (tunnel) and underground engineering construction, Academician Zhu Hehua shared the digital twin model of tunnel surrounding rock and the dynamic design method of support. In the Forum on Major Engineering Equipment, New Materials and New Technologies, Academician Yang Huayong and Academician Zhu Hehua respectively introduced some explorations on key technologies of intelligent shield and new progress in high-performance concrete for bridges and tunnels. The report focuses on major projects such as Hong Kong-Zhuhai-Macao Bridge, sichuan-tibet railway, Shenzhong Passage, Ningbo Zhoushan Port Main Passage, Badaling Great Wall Underground Station, Tianshan Shengli Tunnel, Beijing-Zhangjiakou High-speed Railway tsinghua campus Tunnel, Qiongzhou Strait Railway Tunnel, Harrogand Bridge in Norway, China-Laos Railway, China-Nepal Cross-border Railway, Zhangjinggao Yangtze River Bridge, Wenzhou Oujiang Beikou Bridge and the construction of the "Belt and Road" transportation infrastructure, from strategic research, planning and design, construction and operation and maintenance. At the closing ceremony,Du Yanliang, chairman of the conference and academician of China Academy of Engineering, summarized the great significance of this conference in promoting the innovative development and technological progress of bridge and tunnel engineering. Academician Lv Xilin presided over the main forum and closing ceremony of the conference on 14th. In addition, experts also shared the construction of bridges and tunnels in Shanghai.

The organizer said that this conference is a combination of domestic and foreign countries, conference report and achievement display, and major engineering achievements and enterprise innovation achievements. It is rich in content and diverse in forms, which is of great significance for rallying industry strength, enhancing cooperation and exchanges, promoting engineering science and technology innovation, and helping high-quality economic and social development.

　　Cctv newsToday (May 30th) is the seventh National Science and Technology Workers’ Day. Since 2013, China Association for Science and Technology and the Ministry of Education have jointly implemented the "Training Plan for Secondary School Students’ Scientific and Technological Innovation Reserve Talents", referred to as the "Talents Plan". Let the middle school students who have the spare capacity to learn enter the university and conduct academic research under the guidance of their tutors. Over the past 10 years, more than 7,000 middle school students with innovative potential have been trained all over the country. How has the talent program changed their lives? Let’s watch it together.

　　The boy who is doing the experiment of "Surface Plasmon Phenomenon of Silver Nanowires" is Qi Yihan, a senior in the School of Physics of Xi ‘an Jiaotong University. Although he is young after 00, his research topic is very cutting-edge.

　　Qi Yihan, a student of Physics College of Xi ‘an Jiaotong University:Now the main research direction belongs to nano-photonics. For example, I can build some logic gates through some nanowires and optical signals, and then output 0 and 1. After that, some efficiency and integration of photonic chips can be improved.

　　With a strong interest in physics, in 2017, Qi Yihan, then a senior one student, joined the "Talents Program" through layer-by-layer selection and became a student of Professor Gao Hong, Dean of the School of Physics of Xi ‘an Jiaotong University. The "Talents Program" uses the scientific research platform and academic resources of colleges and universities to train students, with special emphasis on practical ability. After more than a year’s exercise, Qi Yihan was successfully admitted to the School of Mechanical Engineering of Xi ‘an Jiaotong University, entered the "Qian Xuesen Physics Experimental Class", and published academic papers under the guidance of teachers. Soon, he will go to Tokyo University in Japan for further study.

　　Qi Yihan, a student of Physics College of Xi ‘an Jiaotong University:"Talents Program" makes me feel that physics is a place where you need to overcome some difficulties, solve some physical problems and make some physical guesses, which makes me firmly learn physics.

　　Zhou Chengkai is a freshman in this year’s Talents Program. He is now studying in Chengdu No.7 High-tech Campus. After joining the Talents Program, Zhou Chengkai was taught by Professor Xiang Gang from the School of Physics of Sichuan University. During one year, he not only learned the basic knowledge about semiconductors, but also participated in various experiments, which benefited a lot.

　　Zhou Chengkai, a senior one student in Chengdu No.7 Middle School:His rigorous academic spirit is of great help to semiconductor learning and our encouragement, in fact, to our future professional choice, including the current study.

　　Zhao Yize is a senior three student in the Middle School Attached to Beijing Institute of Technology. Two years ago, he joined the "Talents Program" and studied chemistry with Na Na, a professor of chemistry at Beijing Normal University. He is experimenting with the synthesized photoelectrocatalytic materials. In the experiment, he will use a xenon lamp to simulate sunlight, determine the appropriate position through densitometer measurement, and then realize the performance test of photoelectrocatalytic reaction through an electrochemical workstation.

　　Zhao Yize, a middle school student attached to Beijing Institute of Technology:It has broadened my horizons. It’s not like you remember and understand knowledge and build a knowledge network in junior high school, but you use your known experimental ideas in the unknown and then explore in the dark.

　　Professor Na Na of Beijing Normal University:Because we are looking for scientific research, he needs a lot of interest, an analogy and a brainwave feeling. I think it needs various cultivation, running-in and stimulation, so that he can take the initiative to think before jumping out.

　　Professor Xiang Gang from Sichuan University of Science and Technology:Such a combination of middle school education and university education can stimulate students’ interest in scientific research and cultivate a large number of outstanding middle school students who advocate science and have innovative potential, which is the purpose of the "Talents Program".

　　On the afternoon of August 21st, Guangdong Preventive Medicine Association held a "Seminar on Influenza Prevention and Control Countermeasures under the New Situation". The author learned from the meeting that this year’s tetravalent influenza vaccine was launched in August in China, and the first batch of 500,000 tetravalent influenza vaccines produced by Hualan Bio will be supplied to eight provinces, and Guangdong is among the first supply provinces. It is expected that Guangdong people will be able to get the tetravalent influenza vaccine in September.

　　Hundreds of millions of people are infected with influenza every year in China.
　
　　Dr. Zheng Jiandong from China CDC said that influenza is a highly contagious and fast-spreading respiratory infectious disease, which is easily confused with the common cold and has long been considered as a disease without specific preventive measures. Every year in China, it is as high as 65 million — 190 million people are infected with the flu.
　
　　Every year, the World Health Organization will analyze and predict the strains that may be prevalent in that year according to the influenza epidemic situation monitored around the world, and recommend countries to use these strains to make vaccines.
　
　　On March 21 this year, the World Health Organization officially released the 2019— The promotion components of seasonal influenza vaccine in the northern hemisphere in 2020 mainly include the representative strains of influenza A (H1N1 subtype) and influenza A (H3N2 subtype), and the representative strains of influenza B (Victoria strain and Yamagata strain). Vaccine manufacturers determine the composition of influenza vaccine accordingly.
　
　　The author understands that in Guangdong, influenza has two epidemic peaks in winter, spring and summer. In different years, the peak time is different, and there are advances or delays. For example, November 2018 — In January 2019, the flu activity was high, while this year was 3-mdash; In July, the flu was more active. In the winter epidemic season last year, Guangdong influenza virus was mainly H1N1, which was consistent with the national epidemic situation.
　
　　Vaccine companies increase production plans this year.
　
　　Vaccination is the most economical and effective public health intervention measure to prevent and control infectious diseases. However, in China, the vaccination rate of influenza vaccine is only about 2%. According to statistics, October 2018 — In May 2019, a total of 958,000 doses of influenza vaccine were inoculated in Guangdong province.
　
　　In 2018, due to the fact that many vaccine companies stopped supplying influenza vaccines, the vaccine was "out of stock" when the flu season arrived last year. So, what’s the situation this year?
　
　　At this seminar, the author learned that two batches of tetravalent influenza vaccine produced by Hualan Bio were issued in August, and the first batch of 500,000 copies will be supplied to eight provinces in China, among which Guangdong residents are expected to be vaccinated in September.
　
　　Pan Ruowen, the general manager of the company, said that as a tetravalent influenza vaccine independently produced in China, it was first listed in China last October, but there has been a shortage of supply last year, so many local influenza vaccines are "hard to find". This year, the company has increased its production plan, doubling its production capacity on the basis of last year, and is expected to produce 11 million tetravalent influenza vaccines.
　
　　Pan Ruowen said that compared with the tetravalent influenza vaccine produced last year, the composition of this year’s vaccine has changed due to the changes of epidemic virus strains recommended by the World Health Organization, among which the components of A H1N1 and A H3N2 have all changed.
　
　　The effective protection period of general influenza vaccine is 6-mdash; Eight months ago, many people were vaccinated against influenza before May this year. Do these people still need to be vaccinated in September? Pan Ruowen said that because the virus strains prevalent this year have changed, even people who were vaccinated in the first half of this year are advised to get the flu vaccine for the new season as soon as possible.
　
　　Medical personnel should give priority to influenza vaccination.
　
　　Sun Limei, director of the Institute of Immunization Planning of Guangdong Provincial Center for Disease Control and Prevention, suggested that influenza vaccine should be given before the arrival of influenza epidemic season every year, and it is suggested that the priority population should be 6-mdash; 23-month-old infants and young children, such people have a high risk of severe illness after suffering from influenza, and the burden of influenza hospitalization is heavy.
　
　　Secondly, 2— 5-year-old children and people aged 60 and above are also key vaccination groups, and this group of people has the highest risk of death after suffering from influenza. In addition, patients with specific chronic diseases, such as cardiovascular diseases and chronic respiratory diseases; Medical personnel; Family members and caregivers of infants under 6 months old; Pregnant women or women who are going to get pregnant during the flu season should give priority to influenza vaccination.
　
　　In particular, she called on medical staff to give priority to influenza vaccination, because their daily diagnosis and treatment activities lead to a higher risk of influenza virus infection than ordinary people.
　
　　According to a statistic, in each epidemic season, the incidence of influenza among medical staff who have not been vaccinated with influenza is as high as 18.7%, which is 3.4 times that of healthy adults. In addition, medical staff infected with influenza virus can increase the risk of nosocomial infection.
　
　　Many foreign studies show that among the medical staff infected with influenza virus, 35% are asymptomatic, and more than 75% of medical staff continue to work after flu-like symptoms appear. (Nanfang Daily reporter Li Xiuting correspondent Yin Dongmei Zhuang Haitang)