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West Solicitation Order: If you are also a shopkeeper who takes Taobao as a career, and you feel that your products or business philosophy are different and willing to share with you, then you are the protagonist of our Taoxiu platform. If you are a buyer who is obsessed with Taobao, you will be flustered if you don’t do it for a day. You have countless experiences about online shopping and want to share them with your sisters and sisters. You are also welcome to come to our Taoxiu platform and show your different style … The exclusive hotlines for shopkeepers and buyers are: 028-86969298 and 86969527.

The first online shopping was fooled.

Perhaps most people will be hit by some "network and reality" more or less when they start to go to Taobao, and Zhang Peng is no exception. In 2005, Zhang Peng, who tried online shopping for the first time, still remembers the failure brought by a hairdo that practiced haircut.

Because I am a hairdresser by profession, I will inevitably add some hairdressing products from time to time. At that time, Zhang Peng began to try to buy some things he needed at work on Taobao. "I spent more than 200 yuan to buy a model head on Taobao to practice hair cutting. I saw that the owner wrote 100% real hair, and the price was cheaper than that in the store. I bought it without hesitation." But when things come to hand, Zhang Peng was a little scared. "When I got it, I found that it was not 100% real hair at all, more than half of it was real hair, and the rest were all artificial fiber fake hair to pretend."

The feeling of being fooled surged up. Zhang Peng immediately contacted the seller and asked for a return, but the other party gave a variety of excuses, and Zhang Penglai was required to bear the freight. Zhang Peng said angrily, "The first time I encountered such a thing, it was simply a blow, and I suddenly lost confidence in online shopping."

Online shopping again to regain confidence

After the first failure, Zhang Peng didn’t go online shopping for about a year. However, when I open my own shop, I am busy with work and many things, and I often can’t leave, so the purchase of hairdressing supplies consumed in the shop becomes a problem. It happened that Zhang Peng had a friend who was a Taobao maniac, and he often saw that he was very happy to buy on Taobao, and the things he basically bought were very good. Zhang Peng once again became interested in Taobao. "I saw that what others bought was good, so I thought, maybe I don’t have enough experience, and there are so many sellers, there will be conscientious sellers after all."

With the mentality of taking a chance, Zhang Peng started online shopping again. "Although I have rekindled my interest in Taobao, I am still very cautious. After all, the first lesson is too profound." This time, Zhang Peng no longer just looked at the price, pictures and descriptions of the goods blindly, but also talked with the shopkeeper about the products to judge the authenticity of the goods. Sure enough, the success rate of the things he bought later increased every time, and he regained his confidence in Taobao.

Accumulate experience to save time and money.

Shopping on Taobao is an absolute good way to save time and money, and it is the same for Zhang Peng. "I need this way of shopping, I can buy things without going out to the mall, and I can shop around." Zhang Peng mentioned that he was able to buy good things later, which had a lot to do with his accumulated Taobao shopping experience. It was worthwhile for him to be cautious from the original lessons.

Seeing that he has bought goods with guaranteed quality every time, Zhang Pengquan owes it to his own experience. Speaking of this, he is gushing. "Generally, when I look at a product, I will call the merchant. First, chat, because when chatting, you will feel that the shopkeeper is professional or unprofessional. Some shopkeepers don’t even know what brand of shampoo they sell. Do you dare to buy his goods? " Zhang Peng stressed, "In fact, I don’t like some big shops very much, because for me, what I need is speed and accuracy. Some big shops are customer service staff to answer your questions and submit orders." And Zhang Peng himself prefers some slightly smaller shops, which generally don’t press the goods, and the service attitude is good. The most important thing is that the owner communicates directly with himself, so that it is guaranteed to buy, and his heart is also more comfortable.

Go up and down for fun when you are free.

Not long ago, Zhang Peng opened a new studio of its own. Although it is not big, the business is good, and it is busy late almost every day. It can be said that work and life are full of flavor. "Work has never been idle, so Taobao has never stopped over the years. Once I have time, I will go to Taobao to pay attention to some new shops and find some good and cheap goods. " Zhang Peng said that although he doesn’t buy these goods every day, many customers feel good after using them every time, and he often buys them for customers to share with them.

Recently, Zhang Peng began to find some sellers in Chengdu on Taobao. "After seeing several shops in Chengdu, you can get the goods directly, which is absolutely guaranteed in quality, more convenient and more reassuring. After all, you can see the real thing yourself without express delivery, which also saves a sum of money." In addition to buying some hairdressing products, Zhang Peng also buys some daily necessities and clothes on Taobao. After seeing the real thing in the shopping mall, she will try the size before buying it on Taobao. He also feels that Taobao has brought convenience to him, and he has also found the pleasure of shopping on Taobao.

　　Author: Professor Wang Kuancheng from Peking University. Chen Chunhua,Researcher, Socialism with Chinese characteristics Institute of Thought, Supreme Leader of Peking University, New Era Yin jun

　　In recent years, the "new individual economy" has entered the public eye and gained extensive attention. Previously, the National Development and Reform Commission and other 13 departments jointly issued the Opinions on Supporting the Healthy Development of New Business Forms and Models, Activating the Consumer Market and Promoting the Employment Expansion, which mentioned for the first time "encouraging the development of new individual economy and opening up new space for consumption and employment" to help the new economy and new business forms develop further. The new individual economy is an innovative combination of "internet plus individual economy". Compared with the traditional individual economy, it has great innovations in technology, mode, market and employment. Under the situation of epidemic normalization prevention and control, the new individual economy is not only a response to economic recovery, but also an important way to "ensure six guarantees and six stabilities", enhance economic development momentum and stimulate market innovation vitality. Therefore, we should further increase policy support for the new individual economy, improve relevant laws and regulations, create a good atmosphere for mass entrepreneurship and innovation, and inject greater vitality and power into the high-quality economic development of China.

　　Where is the new individual economy "new"

　　At present, the new individual economy is in a period of vigorous development, which has not only spawned various new economic formats and new business models, but also greatly changed the original market structure, market demand and employment methods, showing many "new" characteristics.

　　New technology: the development opportunity in the digital age. The primary feature of new individual economy is "internet plus", which has the characteristics of digital economy at first. The use of digital technology is the basic attribute of the new individual economy. The traditional logic of individual economy development is the logic of competition, that is, it is either one or the other, and the individual economy succeeds by winning limited opponents around it. In the digital age, the development logic of the new individual economy has changed. Everything is interconnected and interdependent, and the new individual economy has been facing a dynamic, complex and rapidly changing environment. The practitioners of the new individual economy cannot cope with environmental changes and promote development by their own strength, so they need to develop together with ecological partners, that is, follow the symbiotic logic to achieve symbiosis, sharing and common prosperity.

　　The new "mode": the manifestation of mass entrepreneurship and innovation. The new individual economy has moved the traditional individual economy to the Internet, and its business model has changed from the original "individual economy to consumers" to "Internet platform+individual economy to consumers". The biggest feature of the new individual economy business model is the empowerment of Internet platforms, which include both social media platforms and various e-commerce platforms. These Internet platforms have huge online traffic. With the empowerment of the platform, every individual industrial and commercial household can apply to become a new individual economic practitioner and become a virtual shop owner based on the platform, which can quickly reach all kinds of consumers, quickly gain consumers’ cognition, shorten consumers’ decision-making time, and extremely reduce the transaction and communication costs between the supply and demand sides, thus realizing fast transactions. In addition, with the support of big data technology, the platform can also provide more customized market and consumer information for new individual economic practitioners, help new individual economic practitioners to better understand the market and consumer needs, and provide consumers with more personalized products and services to enhance their business performance.

　　New Market: A Great Opportunity for Economic Recovery. The traditional individual economy is mainly aimed at the offline market, and most of them are oriented to local areas. The new individual economy relies on the Internet platform, not only for the traditional offline market, but also for the internet of everything and the infinitely vast online market. The consumers who serve are no longer limited to one street, one lane, one city and one town, but for the whole country and even the whole world. Therefore, great changes have taken place in both market structure and market demand, which also provides an incomparably broad platform and opportunity for the development of new individual economy. At the same time, the rapid development and convenience of the new individual economy have also cultivated new consumption habits in the market. Online consumption and online office have become the first choice of more and more consumers.

　　New employment: an important guarantee for stable employment. The innovation of the new individual economy is that it has broken through the "company+employee" model of the traditional individual economy and changed into a new model of "platform+individual". For example, entrepreneurs in the new individual economy have realized a new mode of self-employment with the help of various resources on the platform. For the employees of the new individual economy, this model also gives them higher autonomy, and they can work without time and space restrictions, and they can freely choose their employers and working hours, thus attracting the attention of many employees, especially young employees. In addition, as a link between new individual economic practitioners and resources, the platform has also spawned many new ways of employment. Since the outbreak of the epidemic in COVID-19, many jobs have been greatly impacted, but the employment of the new individual economy has soared against the trend, which has contributed an important force to stabilizing employment and boosting the economy.

　　How better?Promote the healthy development of new individual economy

　　Implement the policy of "combination boxing" and increase support for the new individual economy. The first is to further reduce the entry threshold, start-up cost and operating cost of the new individual economy, especially the platform use service fee and financing cost of the new individual economy. The government can guide financial institutions to provide more favorable and convenient financing policies for the new individual economy, or give the new individual economy corresponding entrepreneurial subsidies or interest-free loans. At the same time, it can issue industry guidance on the benefit distribution of Internet platforms, guide Internet platform enterprises to reduce the platform service fees of practitioners, and attract more individual operators to start businesses online.

　　The second is to create a social atmosphere that supports the development of new individual economy. For example, the Ministry of Human Resources and Social Security and other departments officially released a new professional directory to the society, including "blockchain engineering technicians" and "Internet marketers", and added formal jobs such as "live salesmen", "e-commerce anchors" and "online celebrity with goods" under the occupation of "Internet marketers"; The Ministry of Education classifies the opening of online stores as "self-employment" and the bloggers and e-sports workers in WeChat official account as "freelancing". For another example, some areas have formulated targeted support policies for the new individual economy by establishing and improving relevant statistical monitoring systems, including policies such as deferring or exempting social security fees for new individual economy practitioners, or extending the existing employment policies and entrepreneurship support policies for the real economy to the new individual economy to support the development of the new individual economy.

　　Due to the rapid development of the new individual economy, many new formats and new models will emerge in practice. At the policy support level, we should adhere to the development concept of keeping pace with the times, formulate relevant measures according to the characteristics of the new individual economy, provide better services for the new individual economy with "Internet+government services", or provide more high-quality public products for the new individual economy with platform enterprises. In addition, in policy making, we should reserve enough flexible space for the innovation and entrepreneurship of the new individual economy, and we should not bind the hands and feet of the new individual economy to expand its operations and innovate ways.

　　We will speed up the improvement of the system of laws and regulations and effectively protect the rights of all kinds of subjects. First, we should improve the laws and regulations to protect the rights of new self-employed workers, especially the policies on labor rights protection, salary and welfare, and social security for flexible employees, and explore the rights protection and social security policies to adapt to cross-platform and multi-employer flexible employment, so as to relieve the worries of new self-employed workers. Especially in terms of employment, training, rights protection and other policy standards and institutional norms, we should be as consistent as possible with the practitioners of the traditional individual economy, and pay attention to ensuring the rest rights and occupational safety of the new individual economy practitioners.

　　Secondly, scientifically formulate the supervision system of the industry to protect the legitimate rights of consumers. Cooperate with industry associations and platform enterprises to formulate industry standards. In addition, it is necessary to formulate the management measures for the new individual economy, and make it clear in terms of business varieties, rights protection mechanism, honest management and after-sales service to protect consumers’ legitimate rights.

　　Carry forward entrepreneurship and create a good atmosphere for mass entrepreneurship and innovation. Carrying forward the entrepreneurial spirit is the fundamental measure to promote the long-term development of the new individual economy from the perspective of the healthy development of the new individual economy. It is necessary to carry forward the entrepreneurial spirit of patriotism, innovation, honesty, courage to shoulder social responsibilities and expand international horizons in society, oppose the impetuous atmosphere of pursuing short and quick, and create a good atmosphere for mass entrepreneurship and innovation.

　　It is necessary to guide new individual economic practitioners to pay attention to the trend of national strategic development and technological progress, make good use of policies, conform to the trend, and realize the same frequency resonance between individuals and national economic and social development. It is necessary to guide new individual economic practitioners to break the inertia of thinking, maintain the attitude of lifelong learning, be explorers, organizers and leaders of innovation and development, and be brave in promoting production innovation, technological innovation, market innovation and management innovation. It is necessary to guide the new individual economic practitioners to be honest and law-abiding, enhance the awareness of the rule of law, the spirit of contract, and the concept of keeping contracts, and set an example of honesty and law-abiding. To guide the new individual economic practitioners to shoulder social responsibilities, in the process of economic and social development, in the struggle to prevent and control the COVID-19 epidemic, and play an important role in the work of "six guarantees and six stabilities". Finally, we should guide the new individual economic practitioners to broaden their international horizons, seize the opportunity of opening up to the outside world, and achieve greater achievements on the global stage.

　　On the occasion of the Spring Festival, people in Tulou, Zhangzhou, Fujian, dressed up for a party and danced the China Dragon, wishing a better life. Bright pictures/vision china

　　How to develop world socialism is a question that all socialist countries explore and think about, and it is also a question of global concern and discussion. In the report of the 19th National Congress of the Communist Party of China, General Secretary of the Supreme Leader pointed out that Socialism with Chinese characteristics’s entering a new era "means that scientific socialism is full of vitality in China in the 21st century and holds high the great banner of Socialism with Chinese characteristics in the world", which is of great significance in the history of world socialist development. Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era embodies the China wisdom of the development of world socialism, which has important reference and enlightenment significance for the development of world socialism.

　　1. Adhere to the people-centered value pursuit.

　　For whom development is for and who it depends on is the first problem that must be clarified in the development of world socialism. Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era not only emphasizes that development is oriented to the interests of the people and aimed at improving their well-being, but also emphasizes that people are the main body of development, and development must rely on and trust people. Adhering to the people-centered value pursuit is of universal significance to the development of world socialism.

　　Develop for the people. The Communist Party of China (CPC)’s initial intention and mission is to seek happiness for the people of China and rejuvenation for the Chinese nation. Since the 18th National Congress of the Communist Party of China, General Secretary of the Supreme Leader has repeatedly stressed that people’s yearning for a better life is our goal. Building a well-off society in an all-round way is in line with the people’s yearning for a better life. The report of the 19th National Congress of the Communist Party of China regards "the contradiction between the people’s growing need for a better life and the unbalanced development" as the main contradiction of our society in the new era, and puts forward that the party’s mass line should be implemented in all activities of governing the country, and the people’s yearning for a better life should be the goal of struggle, which embodies our party’s concept of putting people’s interests first and developing for the people. Taking the satisfaction of people’s interests and the acquisition of people’s happy life as the aim should also be the starting point of the development of world socialism.

　　Development depends on the people. In the eyes of the Communist Party of China (CPC) people, the people are the creators of history and the masses are the real heroes. The enthusiasm, initiative and creativity of the people, and their practical exploration and wisdom are the source of strength for the development of Socialism with Chinese characteristics. General Secretary of the Supreme Leader pointed out: "Every breakthrough and development in understanding and practice of reform and opening up, the emergence and development of every new thing in reform and opening up, and the creation and accumulation of experience in every aspect of reform and opening up all come from the practice and wisdom of hundreds of millions of people." This is a full affirmation of people’s dominant position in the process of reform and opening up. At the first session of the 13th National People’s Congress, General Secretary of the Supreme Leader emphasized: "We must always uphold the people’s position and the people’s dominant position." It can be said that the development of world socialism must rely on people’s strength, unite people’s wisdom, and leave people’s support and people’s practice, so it is difficult for world socialism to move forward.

　　The fruits of development are shared by the people. Socialism with Chinese characteristics’s practice must be recognized by the people, so that the people can get tangible benefits and enhance their sense of acquisition and happiness. General Secretary of the Supreme Leader clearly pointed out: "Let the people live a good life is the starting point and the end result of all our work." The test of the effectiveness of all our work ultimately depends on whether the people have really benefited and whether the people’s lives have really improved. It is the destination of Socialism with Chinese characteristics’s development and the goal of socialist development in the world to make a big cake and divide it well, so that people can share the fruits of development and realize the common prosperity of all people.

　　2. Comprehensively deepen reform to gain development momentum.

　　Where does the motive force of socialist development come from? This is an unavoidable problem in the development of world socialism. Deepening the reform in an all-round way, eliminating institutional and institutional obstacles, resolving social contradictions and realizing the modernization of the national governance system and governance capacity are the fundamental driving force for Socialism with Chinese characteristics’s development, which has reference significance for the development of socialism in the world.

　　Comprehensively deepen reform and eliminate institutional and institutional obstacles. With the development of the times and social changes, socialist countries will encounter institutional and institutional obstacles to a certain extent in the process of development, and some originally effective institutional mechanisms will become outdated and become the fetters of development. Only by comprehensively deepening the reform can we eliminate the shortcomings of the system and mechanism and gain new development momentum. Without reform and opening up, there would be no development and progress in China. Reform and opening up is the fundamental driving force for the development of China and Socialism with Chinese characteristics. General Secretary of the Supreme Leader pointed out: "Reform and opening up is the source of vitality for the development and progress of contemporary China and an important magic weapon for the cause of the party and the people to catch up with the times in great strides." For the development of world socialism, the only way to eliminate the disadvantages of system and mechanism and gain new development momentum is to deepen reform.

　　Comprehensively deepen reform and resolve social contradictions. Reform and opening up are developing in depth, and general contradictions and deep-seated contradictions are complicated, and problems in development and problems after development are intertwined. Only by comprehensively deepening the reform can we solve the outstanding contradictions and problems faced by China’s economic and social development, unite social consensus, stimulate social vitality and gather development forces. As General Secretary of the Supreme Leader said, "Contradictions in reform and opening up can only be solved by reform and opening up". There is no other way for world socialism to solve the contradictions and problems it faces in its development than to deepen reform.

　　Deepen reform in an all-round way and realize the modernization of state governance. The national governance system and governance capacity are the concentrated expression of a country’s system implementation capacity, which provides sustained impetus for economic and social development. The overall goal of comprehensively deepening the reform established by the Third Plenary Session of the 18th CPC Central Committee is to improve and develop the Socialism with Chinese characteristics system, and promote the modernization of the national governance system and governance capacity, so as to enhance the efficiency and level of national governance and give China’s economic and social development new growth momentum. This provides a valuable reference for world socialism in the choice of reform breakthrough.

　　3. Adhere to the new development concept to achieve high-quality development.

　　What kind of development concept to promote better economic and social development is an era topic that world socialism must face directly. The development concept of innovation, coordination, green, openness and sharing not only reflects the staged characteristics of Socialism with Chinese characteristics’s development, but also reflects the inherent laws of economic and social development. The report of the 19th National Congress of the Communist Party of China regards adhering to the new development concept as one of the basic strategies for adhering to and developing Socialism with Chinese characteristics in the new era, which shows the importance of the new development concept.

　　Adhere to the new development concept to change the development mode. Development concept relates to development mode. Since the reform and opening up, the extensive growth mode has supported the miracle of China’s rapid economic growth. While consuming huge resources, it has caused problems such as tight resource constraints, serious environmental pollution and ecosystem degradation. Nowadays, the traditional mode of development is unsustainable, and the new round of scientific and technological revolution and industrial transformation in the world is making many breakthroughs. Only by promoting high-quality development and forming a high-quality, efficient and diversified supply system can we achieve a balance between supply and demand at a new level and achieve sustained and healthy economic development. Changing the development mode under the guidance of the new development concept is an inevitable requirement to maintain sustained and healthy economic development, to adapt to the changes in major social contradictions in China, to build a well-off society in an all-round way and to build a socialist modern country in an all-round way, and to follow the economic laws. Under the situation that socialist countries in the world are generally facing the transformation of development mode, the new development concept has leading significance.

　　Adhere to the new development concept to optimize the economic structure. Economic structure is closely related to the concept of development. Innovation and development are conducive to promoting the optimization and upgrading of the economic structure. The process of innovation is the process of optimizing and upgrading the economic structure, and the economic structure is optimized by breaking through the core key technologies and upgrading the scientific and technological content of economic development. Coordinated development includes the coordination between industries, which can promote the coordination of industries and optimize the economic structure through the upgrading of manufacturing industry, the development of strategic new industries and modern service industries. Green development is a necessary condition for sustainable development and an important embodiment of people’s yearning for a better life. Only by adhering to green development can we promote the formation of a new pattern of modernization with harmonious development between man and nature. Open development conforms to the trend that China’s economy is deeply integrated into the world economy, which helps to make better use of two markets and two resources and raise China’s open economy to a new level. Optimizing China’s economic structure needs the support of new development concepts, which is also of exemplary significance to world socialism.

　　Adhere to the new development concept to transform the growth momentum. China’s economic development has entered a new normal. From the appearance, it is a shift in the speed of economic growth, but in essence it is a transformation of development momentum. According to the law of economic development, we must rely more on scientific and technological progress and innovation to promote economic development and realize the transformation from factor-driven, investment-driven to innovation-driven in the case of slowing investment growth and declining efficiency. The new development concept emphasizes that innovation is the first driving force to lead development, and greater development space can be obtained through innovation; Coordinated development emphasizes the harmonious and orderly allocation of all production factors, which is an indispensable condition for promoting high-quality development; Open development is a development concept, and it is also the driving force to promote the high-quality development of China’s economy. It is also applicable to world socialism to gain growth momentum by changing the development concept.

　　4. Always maintain the development of socialism.

　　World socialism should not only learn from the outstanding achievements of human civilization, but also always maintain its own development strength. Choosing the development path based on the national conditions, strengthening Socialism with Chinese characteristics’s road confidence, theoretical confidence, institutional confidence and cultural confidence, and upholding the Party’s leadership over all work are the successful experiences of Socialism with Chinese characteristics in maintaining its strength, which has important reference value for world socialism.

　　Maintain development strength based on national conditions. The key to Socialism with Chinese characteristics’s success lies in adhering to the principle of independence, neither rejecting or rejecting western experience, nor blindly advocating and copying western models, but exploring based on the national conditions and embarking on a development path suitable for China’s national conditions. The General Secretary of the Supreme Leader pointed out: "China, based on its own national conditions and practice, draws wisdom from Chinese civilization, draws on the strengths of various schools in the East and the West, sticks to it but is not rigid, draws lessons from it but does not copy it, and has formed its own development path through continuous exploration." As far as world socialism is concerned, choosing the development path independently based on the national conditions provides a new path guide for those countries and nations that want to speed up their development and maintain their independence.

　　Be firm and confident to maintain development strength. With the rapid development of China, the advantages of Socialism with Chinese characteristics’s road, theory, system and culture are gradually emerging, which has won universal praise and recognition from the international community. General Secretary of the Supreme Leader pointed out in his important speech at the celebration of the 95th anniversary of the founding of the Communist Party of China (CPC) that the whole Party should be firm in road confidence, theoretical confidence, institutional confidence and cultural confidence. In today’s world, if any political party, country or nation can be confident, the Communist Party of China (CPC), People’s Republic of China (PRC) and the Chinese nation have the most reasons to be confident. It is this self-confidence that gives the people of the Communist Party of China (CPC) and China the confidence to persist in and develop Socialism with Chinese characteristics without hesitation or slack. Only by establishing full self-confidence can world socialism maintain its development strength.

　　Adhere to the overall leadership of the party to maintain the development strength. The most essential feature of Socialism with Chinese characteristics is the Communist Party of China (CPC)’s leadership, the greatest advantage of Socialism with Chinese characteristics system is the Communist Party of China (CPC)’s leadership, and the Party is the highest political leadership. It is by upholding and strengthening the Party’s overall leadership that Socialism with Chinese characteristics kept his certainty and sobriety in choosing the road and avoided directional and subversive mistakes. Upholding the Party’s leadership over all work is one of the basic strategies for upholding and developing Socialism with Chinese characteristics in the new era, and it also provides an important reference for the development of world socialism.

　　Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era has opened up a new realm for Socialism with Chinese characteristics, which not only promoted the development of Socialism with Chinese characteristics’s theory and practice, but also showed the bright future of world socialism, expanded the development space of world socialism and contributed China’s wisdom and China’s plan to the development of world socialism.

　　(Author: Chen Jinlong, a special researcher at the New Era Socialism with Chinese characteristics Thought Research Center, the supreme leader of Guangdong Province, and a professor at the School of Marxism of South China Normal University)

　　The three A-share indexes collectively closed up today. At the close, the Shanghai Composite Index rose by 0.59%, the Shenzhen Component Index rose by 1.71%, the Growth Enterprise Market Index rose by 2.93%, the Beizheng 50 Index rose by 0.08%, and the turnover of Shanghai, Shenzhen and Beijing was 1,830.8 billion yuan, which was 267.3 billion yuan more than the previous day. More than 4,300 stocks in the whole market rose.

　　In terms of sector theme, new energy-related sectors such as photovoltaic equipment, solid-state batteries and PET copper foil were among the top gainers, while insurance and precious metals sectors floated green. On the disk, photovoltaic concept stocks rose to the daily limit, and Daquan Energy, Shichuang Energy, (), Haiyou New Materials, () and () exceeded the daily limit of 30 shares; The solid-state battery sector was among the top gainers, with Huasheng Lithium Battery, (), (), () and other daily limit; Shares in the North Stock Exchange staged a roller coaster today, with the North Stock Exchange 50 index rising back and closing up%, and once rose over 10% in intraday trading to set a new record high, while Hualing, Clete and Hengtuo Kaiyuan fell over 10%. High-end stocks split today, (1) recorded 18 boards in 22 days, (2) recorded 23 boards in 26 days, and (1) and (2) dropped significantly in late trading.

　　Plate analysis:

　　Straight flush hot stock list:

　　Daily limit ladder list:

　　[11] Huali shares

　　[8 Lian ban] Chuanrun shares

　　[7 Lian ban] Songfa shares

　　[6] Lianban Hainengda, Shandong Huapeng and Wanlin Logistics

　　[5] The electricity is put into operation, which is integrated with environmental protection and intelligent in Taihe.

　　[4] Lianyuan Composite Materials, Keyuan Pharmaceutical, Dongfang Group and Zhizheng Co., Ltd.

　　[3 boards] An Daomai A, east china numerical control, Baoxin Technology, Datang Telecom, Shanggong Shenbei

　　[2 Lianban] Shenzhen Zhenye A, Shenzhen Konka A, (), (), (), (), (), (), Shuangcheng Pharmaceutical, (), (), (), (), (), (), Electronic City, ().

　　List of the strongest outlets:

　　NO.1 [Photovoltaic Concept] There are 44 daily limit stocks and 21 connected stocks in the board, with the maximum number of connected stocks being 9 boards in 10 days. The representatives of daily limit stocks are () and ().

　　NO.2 [New Energy Vehicle] In the plate, there are 26 daily limit stocks and 9 connected stocks, and the maximum number of connected stocks is 6 days and 4 boards. The representatives of the daily limit stocks are () and Haida shares.

　　NO.3 [Huawei concept] There are 23 daily limit stocks and 9 connected stocks in the sector, with the maximum number of connected stocks being 11 boards in 11 days. The representatives of the daily limit stocks are () and Chuanrun.

　　Transaction review:

　　09:00 FTSE China A50 index futures opened down 0.1%.

　　At 09: 25, A shares opened, the Shanghai Composite Index opened 0.02% higher, the Shenzhen Component Index opened 0.27% higher and the Growth Enterprise Market Index opened 0.7% higher.

　　At 09:27, Shenzhen’s state-owned enterprise reform plate opened actively, with (), () and Shenzhen Zhenye A bidding at the daily limit, while () and Tellus A opened higher by over 5%.

　　At 09:29, the M&A and reorganization concept stocks continued to be active at the opening, and Wenyi Technology and Power Production were put into operation, and (), (), () and () were bidding daily limit.

　　At 09:32, the solid-state battery plate rose at the beginning, Chuanyi Technology went up, Huasheng Lithium Battery rose by over 15%, and Betray, Liwang, () and () followed suit.

　　At 09:33, the photovoltaic concept stocks rose at the beginning of the session, and TCL Central had a daily limit. (), (), Daquan Energy, () and () rose more than 5%.

　　At 09:35, the low-altitude economic sector continued to be active, with () daily limit and () rising by over 9%, with (), () and () among the top gainers.

　　At 09:44, the daily limit of Huali shares recorded 11 consecutive boards, and the turnover exceeded 1 billion yuan.

　　At 09:45, the high-end stocks continued to be strong, and Hainengda continued its daily limit, recording 18 boards in 22 days, with a turnover exceeding 2.9 billion yuan. Shuangcheng Pharmaceutical has 23 boards in 26 days, and Huali shares have 11 boards.

　　At 09: 54, the PET copper foil plate oscillated higher, () daily limit, Hujiang materials rose more than 10%, and Far East shares, Dongwei Technology, Putailai and () followed suit.

　　At 09:57, the stocks of the North Stock Exchange continued to be active, and the increase of the North Stock Exchange 50 Index expanded to 3%.

　　At 10:00, pork stocks rose, () rose over 9%, and (), (), () and () followed.

　　At 10:00, the Beizheng 50 Index rose more than 4%, setting a new record high.

　　At 10:05, the genetically modified plate rose in intraday trading, () rose by more than 10%, followed by Qiule Seed Industry, (), () and ().

　　At 10:06, the real estate sector rose sharply, with (), () and Shenzhen Zhenye A trading daily limit, and (), () and () rose by over 5%.

　　At 10:14, the Growth Enterprise Market Index rose to 1%, the Shanghai Composite Index rose by 0.22%, and the Shenzhen Component Index rose by 0.81%.

　　At 10:14, the household products sector fluctuated higher, with () and () daily limit, and (), () and () were among the top gainers.

　　At 10:15, the Shenzhen Component Index rose to 1%, the Shanghai Composite Index rose by 0.37%, and the Growth Enterprise Market Index rose by 1.25%.

　　At 10:22, photovoltaic concept stocks continued to soar, and stocks in the sector rose to the daily limit. TCL Zhonghuan, (), Junda, (), Follette, Daquan Energy, () and other stocks rose to the daily limit.

　　At 10:29, the North Stock Exchange 50 Index rose by over 6%, and the stocks of the North Stock Exchange continued to be active. Nearly 10 stocks such as Yunli Wuli, Wuhan Landian, Minshida, Weichuang Optoelectronics and Leite Technology had a daily limit of 30CM, and over 40 stocks rose by over 10%.

　　At 10:34, the North Stock Exchange 50 Index soared by more than 8%, and the shares of the North Stock Exchange rose by more than 60 shares by more than 10%.

　　At 10:40, the game board oscillated and pulled up, () rose more than 13%, and (), (), (), () and so on followed.

　　At 10:50, Longji Green Energy hit the daily limit, and the turnover exceeded 8.6 billion yuan.

　　At 10:53, the Growth Enterprise Market Index rose to 2%, the Shanghai Composite Index rose by 0.39%, and the Shenzhen Component Index rose by 1.25%.

　　At 11:03, the Growth Enterprise Market Index rose to 3%, the Shanghai Composite Index rose by 0.43%, the Shenzhen Component Index rose by 1.62%, and the whole market rose by over 4,400 shares.

　　11:09 According to () iFinD data, up to now, the turnover of Shanghai, Shenzhen and Beijing has exceeded 1 trillion yuan, exceeding 40 billion yuan compared with yesterday. Among them, the turnover of Shanghai Stock Exchange was 364.9 billion yuan, that of Shenzhen Stock Exchange was 603.1 billion yuan, and that of Beizheng 50 was 32 billion yuan.

　　At 11:13, the semiconductor sector continued to be active, () approached the daily limit, and Biyi rose slightly by over 13%, followed by Puran, () and Tuojing Technology.

　　At 11:15, the rare earth plate changed intraday, and many short-term stocks such as (), () and () were pulled up.

　　At 11: 31, the three A-share indexes collectively closed up in early trading. By midday, the Shanghai Composite Index rose by 0.82%, the Shenzhen Component Index rose by 2.1%, the Growth Enterprise Market Index rose by 3.45%, and the North Securities 50 Index rose by 8.54%. The half-day turnover of the whole market was 1,120.1 billion yuan, which was 89.7 billion yuan higher than the previous day. More than 4,600 stocks in the whole market rose. In terms of sector theme, new energy sectors such as photovoltaic equipment, solid-state batteries and wind power equipment were among the top gainers, while insurance and banking sectors floated green. On the disk, the stocks of the North Stock Exchange continued to be active. Over 10 stocks such as Yunli Wuli, Wuhan Landian and Minshida had a daily limit of 30CM, and more than 50 stocks rose by over 10%. The North Stock Exchange 50 index reached a new high and rose by over 8% again. Photovoltaic concept stocks are in a frenzy of daily limit, with TCL Zhonghuan, GCL Integration, (), Tongwei, Aixu, (), Junda and Longji Green Energy exceeding 30 daily limit; The solid-state battery sector was among the top gainers, with Huasheng Lithium Battery, Chuanyi Technology, (), Putailai, () daily limit, (), Haimuxing and other stocks rising more than 10%.

　　At 13:00, FTSE China A50 index futures rose to 1%.

　　At 13:00, the Shanghai Composite Index rose to 1%, the Shenzhen Component Index rose by 2.49%, and the Growth Enterprise Market Index rose by 4.03%.

　　At 13:03, the rare earth plate continued to rise in the afternoon, with the daily limit of rare earth in China, Jinli permanent magnet rose by over 10%, (), Dadi Bear and Northern Rare Earth rose by over 7%.

　　At 13:18, the vitamin sector oscillated and rose, and Brother Technology had a daily limit in the afternoon. (), Huaheng Bio, Jiabiyou and () followed suit.

　　At 14:13, the turnover of Shanghai and Shenzhen stock markets exceeded 1.5 trillion yuan for the sixth consecutive trading day.

　　At 14:25, the Beizheng 50 Index surged back, and once rose by more than 10% in intraday trading, and the increase has now narrowed to less than 3%.

　　At 14: 30, the ST plate was active repeatedly, () and () went out of five consecutive boards, and in addition, more than 20 stocks including () went out of 17 days and 11 boards.

　　14:45 According to the straight flush iFinD data, up to now, the turnover of Shanghai, Shenzhen and Beijing has exceeded 1.7 trillion yuan, which is more than 240 billion yuan compared with yesterday. Among them, the turnover of Shanghai Stock Exchange was 632 billion yuan, that of Shenzhen Stock Exchange was 1,015.3 billion yuan, and that of Beizheng 50 was 53.9 billion yuan.

　　News:

　　1. Foshan: Support the reconstruction project of villages in the city to use special loans to purchase existing commercial houses for villagers’ resettlement.

　　Foshan Housing and Urban-Rural Development Bureau and other six departments issued a notice on several measures to further optimize the stable and healthy development of the real estate market. Among them, the restriction period for households to purchase new commercial housing in Zumiao Street, Chancheng District, Guicheng Street, Nanhai District, and Daliang Street, Shunde District is cancelled, and commercial housing can be listed and traded from the date of obtaining the property right certificate. Support the reconstruction project of villages in the city to use special loans to purchase existing commercial housing for villagers’ resettlement. Allow self-sustaining commercial housing to be listed and circulated. Combined with the cycle of commodity housing and regional population changes, the layout of incremental high-quality residential land is scientifically planned. Purchase the first set of self-occupied housing for families with two children and above, and the maximum loan amount will rise by 20%; Allow paid employees to apply for converting their outstanding personal commercial housing mortgage loans into personal housing provident fund loans.

　　2. CIO of American Bridgewater: Compared with cash, global risk assets are now more attractive.

　　Recently, the chief investment officer of American Bridgewater shared his observation on the economy and market in the third quarter of 2024. In the case of resilient economic growth, the central bank’s shift to easing policy may prompt investors to give up cash and invest in risky assets, even if the current pricing shows that the risk premium has been compressed. Of course, the current stage is still early, and the easing of follow-up policies may still be further increased (or more likely, further reduced); Under the loose policy, no matter whether the economic growth slows down or accelerates, a balanced portfolio can collect the income from holding assets more continuously. At present, assets are relatively more attractive in the United States (the least restrictive economy) and China (the most obvious economy that needs more policy stimulus). (Qiaoshui China)

　　3. TSMC’s offer below 5 nm next year may rise again.

　　According to industry sources, TSMC has recently released the 2020s work quotation to a number of customers in order to reduce the gross profit margin impact caused by the high operating cost of overseas factories and the deployment cost of 2nm. Depending on the scale of customers, products and production capacity, the increase of the 5 nm, 4 nm and 3 nm OEM quotation process is higher than the previous estimate of about 4%, and the 2 nm OEM quotation is even higher than 30,000 US dollars. The 2-nanometer Baoshan factory, which will be officially put into production in the fourth quarter of 2025, has a monthly production capacity of 30,000 pieces, and the OEM quotation has also been released. (science and technology innovation board Daily)

　　4. The interest rate of some banks’ stock mortgage loans has been lowered in batches.

　　Starting today, banks will cut the interest rate of existing mortgage loans in batches. The reporter learned from banks such as Agricultural Bank of China and China Construction Bank that as of 7:30 am, customers of ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, (), () and other banks have been able to find the adjusted mortgage interest rate from mobile banking as the loan market quotation rate LPR-30BP. Because it is a batch adjustment of banks, the borrower does not need to do anything to reduce the mortgage interest rate this time. Because of the lower limit of policy interest rates in Beijing, Shanghai and Shenzhen, the mortgage interest rates of two or more homes can only be adjusted to the lower limit of local policy interest rates. (CCTV News)

　　5. Bank of China: Today, it conducted a 7-day reverse repurchase operation of 292.6 billion yuan.

　　Bank of China: Today, it conducted a 7-day reverse repurchase operation of 292.6 billion yuan, and the winning bid rate was 1.50%, which was the same as before. Straight flush iFinD data shows that there are 108.4 billion yuan of 7-day reverse repurchase due today.

　　6. On October 25th, the People’s Bank of China launched a 700 billion yuan medium-term loan facility (MLF) operation.

　　Bank of China: On October 25th, 2024, the People’s Bank of China launched a 700 billion yuan medium-term loan facility (MLF) operation with a term of one year, with the highest bid rate of 2.30%, the lowest bid rate of 1.90% and the winning bid rate of 2.00%.

　　7. Hu Zhenjiang, Deputy Director of the Civil Aviation Administration: Explore and promote the integrated flight of manned aircraft and drones, and gradually realize the low-altitude mission execution.

　　The 3-day second China Air Transport Association Aviation Conference officially kicked off today (October 25th). Hu Zhenjiang, deputy director of the Civil Aviation Administration, said that the Civil Aviation Administration will promote relevant parties to integrate the flight service guarantee system by relying on new technological innovation, and efficiently connect low-altitude flight elements such as route planning, air obstacle avoidance, airspace management and traffic control, explore and promote the integration of manned and unmanned aircraft, and gradually realize the digitalization and intelligence of low-altitude mission execution, resource allocation and safety supervision, so as to protect the development of low-altitude economy. (Cailian)

　　8. Over 2.5 billion yuan from China Merchants Bank, Taikang CSI A500ETF connection sales are hot.

　　On October 25th, 20 CSI A500ETF connection funds, CSI A500 index funds and index enhancement funds were put on sale on the same day. It was learned exclusively from the sources that as of 10:20, the sales scale of Taikang CSI A500ETF connection fund, the main seller of China Merchants Bank, has exceeded 2.5 billion yuan. (CSI Taurus)

　　9. Tongwei shares responded to the surge in the photovoltaic sector: it may be affected by recent rumors, and we are also understanding the rumors about limiting energy consumption.

　　Today, the photovoltaic sector rose sharply, with Tongwei shares and Longji Green Energy both trading daily. Recently, a number of "essays" about the photovoltaic market began to spread and ferment, including but not limited to the photovoltaic industry’s policy of limiting energy consumption issued by the Ministry of Industry and Information Technology next month. In this regard, the reporter contacted Tongwei shares and Longji Green Energy Investor Relations Department as an investor. For today’s surge in the photovoltaic sector, the relevant person of Tongwei shares said that there are many rumors in the market now, which may be influenced by this information, and said that "there are many rumors and they have not been officially confirmed". Regarding the news of limiting energy consumption, the person said that we are also understanding. Longji Green Energy related people responded to the rumor that it was unclear. (21 Finance)

　　10. The high-level shock of Baekje Shenzhou biography: Yin Min, chief commercial officer of Greater China, was investigated, and the industry confirmed that the news was true.

　　Recently, there were market rumors that Yin Min, chief commercial officer of Baekje China Greater China, was investigated by the regulatory authorities. In this regard, an industry insider who asked not to be named confirmed the authenticity of this news to reporters. Therefore, the reporter immediately tried to contact Yin Min himself and relevant persons of Baekje Shenzhou, but as of press time, Yin Min himself failed to get in touch, and Baekje Shenzhou did not give a clear response. (21st century business herald)

　　11. Liu Liehong, Director of the National Bureau of Data: We will speed up the research and formulation of policy documents to foster a national integrated market and build a unified national data market rules, facilities and governance system.

　　On October 25th, Liu Liehong, Party Secretary and Director of the National Data Bureau, said at the awarding ceremony of the National Finals of the 2024 "Data Elements ×" Competition that the follow-up will speed up the research and formulation of policy documents for cultivating the national integrated market, strengthen the top-level design, overall planning and system layout of the data market, build a unified national data market rules, facilities and governance system, cultivate and expand market operators, and build a unified, open, prosperous and competitive national integrated data market. (Shell Finance)

　　Announcement No.3 in 2021 issued by the central bank in March this year shows that all institutions engaged in loan business should show the annualized interest rate to borrowers in an obvious way when marketing through websites, mobile applications, posters and other channels, and indicate it when signing the loan contract, or display information such as daily interest rate and monthly interest rate at the same time as needed, but it should not be more obvious than the annualized interest rate. The annualized loan interest rate can be calculated by compound interest or simple interest method. If the simple interest calculation method is adopted, it should be explained that it is simple interest.

　　Recently, the Beijing Youth Daily reporter found that many loan apps are still playing "cleverness" with consumers in displaying interest rates, and only show the daily interest rate or the lowest annualized interest rate with a small value. Only when consumers actually get the loan, do they find that the real interest rate is much higher than they thought.

　　survey

　　A few apps still violate the rules to promote customers at daily interest rates.

　　The announcement of the central bank has been released for nearly two months. However, the reporter of Beiqing Daily found that there are still some loan apps that use the daily interest rate to promote customers, and they have not marked the annualized interest rate at the same time.

　　For example, the application page of Vipshop’s "only cash withdrawal for flowers" only shows "the minimum daily interest fee of 13,60 seconds will arrive at the account quickly"; Mango TV’s "Mangli Good Loan" is known as "low interest, and the daily interest rate is as low as 0.02%"; On the "Financial Services" page of the "My Wallet" page, the car APP of Shouqi Car shows "the maximum is 300,000, and the minimum daily interest rate is 22,000". After clicking enter, you will see four loan products with annualized interest rate display.

　　In addition, some loan products have neither annual interest rate nor daily interest rate, only the maximum loan amount. For example, the activation page of JD.COM Gold Bar only shows the maximum loan amount of 200,000 yuan, and the words "50,000 yuan is free for 15 days", "fast loan", "installment repayment" and "low interest rate", and there is no specific interest rate description, which can only be seen after opening; After other apps enter, only the maximum amount that can be applied is displayed, and you need to register to see the details; Xiaomi’s satellite loan shows that "the maximum loan amount is 300,000 yuan", "the fastest one-minute loan and flexible repayment", and you need to log in to learn more information.

　　There are fewer loan products marked with simple interest.

　　According to the requirements of the central bank, all loan products should clearly indicate the annualized interest rate of loans; The annualized loan interest rate can be calculated by compound interest or simple interest method; If the simple interest calculation method is adopted, it should be explained that it is simple interest. The calculation method of compound interest is the internal rate of return method, that is, the annualized internal rate of return (IRR) calculated after considering compound interest according to the borrower’s loan principal, repayment amount per period, loan period and other factors. The annex to the central bank’s announcement called it "a fair way to calculate the annualized interest rate of loans".

　　After investigation, the reporter of Beiqing Daily found that at present, the loan products of most formal institutions have been marked with annualized interest rates according to the requirements of the central bank. Alipay borrowing, micro-loan, and US group living expenses also show the daily interest rate and annual interest rate, and some also list the conversion formulas of the two.

　　However, only a few products have "simple interest" next to their interest rates. For example, the homepage of Anyihua shows that "the annualized interest rate is at least 7.2% (simple interest) and risk pricing is implemented"; Today’s headline shows that "the annual interest rate (simple interest) is 10.80%-24%"; The "Goose Spending Money" docked by Tencent Video APP indicates that "the annual interest rate is as low as 7.20% (simple interest), calculated on a daily basis".

　　reveal a secret

　　The result of compound interest calculation for the same loan is higher than simple interest.

　　What effect will simple interest or compound interest have on the real interest rate of consumers? Two examples are provided in the announcement of the central bank, and the result of the same loan calculated by IRR method is higher than that of simple interest.

　　For example, a consumer finance company borrows a loan with a term of one year and monthly repayment, with a total of 12 installments and a principal of 100,000 yuan. According to the repayment plan, the borrower pays the 1000 yuan service fee in one lump sum in the current loan period, and repays 8833.3 yuan in equal amount every month from the end of the first month after the loan, in which the principal is 100,000/12 = 8333.3 yuan, and the installment fee (calculated by 0.5% of the initial loan principal) is 100,000× 0.5% = 500 yuan. The comprehensive annualized interest rate of the above loans calculated by simple interest is about 12.80%, and the comprehensive annualized interest rate calculated by IRR method is about 13.58%.

　　A person’s housing loan, with a term of 20 years and monthly repayment, has a total of 240 installments, with a principal of 1 million yuan, and is repaid by matching principal and interest. According to the repayment plan, from the end of the first month after the loan, the borrower will repay the principal and interest of 6599.6 yuan in equal amount every month. The annualized interest rate of the above loans calculated by simple interest is about 5%; The annualized interest rate calculated by IRR method is about 5.12%.

　　Liu Xinyu, a partner of Zhonglun Law Firm, believes that the central bank’s announcement clarified the calculation scope and method of comprehensive capital cost, solved the scope dispute of comprehensive capital cost in legal practice, and provided legal reference for the judicial department to handle loan dispute cases. At the same time, the formal introduction of IRR into the regulatory provisions will help protect consumers’ right to know and prevent consumers from being misled into applying for loans without knowing the true cost.

　　Don’t be tempted by the lowest interest rate. The actual approved interest rate is often much higher.

　　The reporter of Beiqing Daily found that many loan products are marked with "annualized interest rate from 7.2%". If you think that the interest rate you get is 7.2%, you will be greatly disappointed. Because lending institutions will evaluate customers’ credit and risk levels according to various factors, customers need to apply first, and only after the approval of the institutions can they know their final access quota and applicable interest rate. The actual loan interest rate approved by consumers will not be the same, and only the best customers can enjoy the lowest interest rate.

　　According to the investigation of the reporter of Beiqing Daily, the loan interest rates enjoyed by different customers on the same platform are very different, and the interest rates obtained by the same person on different platforms may be different. Few customers really enjoy the lowest interest rate, but many customers complain that the interest rate is too high.

　　For example, the same is Alipay. The daily interest rate of reader Miss Wang is 0.025% and the annual interest rate is 9.125%, while her friend Mr. Zhang is 0.04% and the annual interest rate is 14.6%. The annual interest rate of Miss Wang’s micro-loan is 10.95%, which is higher than that of Borrowing Bai, while Mr. Zhang’s micro-loan interest rate is 12.775%, which is lower than Borrowing Bai.

　　In another application, it is clearly marked that "the daily interest rate starts from 0.02% and the annualized interest rate starts from 7.20%". Miss Huang, who is heading for 7.20%, finally got the interest rate of 0.065% per day and 23.4% per year, which is more than three times that of 7.2%. Her friend Mr. Li was granted a daily interest rate of 0.097% and an annualized interest rate of 34.92%, which is 4.85 times that of 7.2%. They all want to know how many customers have actually obtained loans with an annual interest rate of 7.20%.

　　On the black cat complaint platform, there are more than 40,000 complaints about "annual interest rate", most of which are "the annual interest rate is found to be too high after borrowing". Some complainants reported that the annual interest rate of some lending platforms even exceeded 36%.

　　point out

　　Be wary of network platform inducing excessive borrowing.

　　At the end of last year, China Banking and Insurance Regulatory Commission issued "Warning on Risk of Excessive Lending Induced by Online Platforms". China Banking and Insurance Regulatory Commission pointed out that in order to obtain a large number of customers, some online platforms over-market financial products such as loans or credit card overdrafts through various online consumption scenarios to induce over-consumption. China Banking and Insurance Regulatory Commission Consumer Protection Bureau reminds consumers that they should establish a rational consumption concept, use lending products rationally, choose formal institutions and channels to obtain financial services, and be alert to the hidden risks or traps behind excessive lending marketing.

　　According to the risk warning, some organizations or online platforms unilaterally emphasize the favorable conditions such as low daily interest rate, interest-free period and zero interest installment. However, the so-called "zero interest" does not mean zero cost, and there are often "service fees", "handling fees" and "overdue charges", and the actual comprehensive annualized interest rate of such products may be very high. Some marketing activities intentionally blur the actual cost of borrowing, which infringes on consumers’ right to know and easily leads to misunderstanding or recognition.

　　There are also some online platforms that claim that the loan procedures are simple, tempting consumers to click on it, and some institutions even lend excessively to minors, school students, low-income people, etc., and then carry out violent collection, pretend to be malicious collection by judicial organs, and collect for borrowers’ relatives and friends, causing a series of family and social problems.

　　Text/Reporter Cheng Wei Coordinator/Yu Meiying

The level of configuration determines the competitiveness of a car to a certain extent, as we said in this article. Let’s take you to appreciate its style.

Let’s take a look at the appearance of Model Y. The whole front of Model Y looks very cold and unique. Coupled with cold headlights, the visual impact is full. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Come to the side of the car, the car body size is 4750MM*1921MM*1624MM, the car uses delicate lines, the car side gives people a very sporty feeling, with large-sized thick-walled tires, giving people a very simple feeling. In the rear part, the rear looks very fashionable and dynamic, and the taillights look very rustic, creating a good atmosphere.

Sitting in the car, the interior of Model Y adopts a steady shape, and the overall recognition is high. The steering wheel of the car is very tough, equipped with electric up and down+front and rear adjustment, steering wheel memory, steering wheel heating and other functions, practicality and face value are not bad. From the central control point of view, with the 15-inch touch-sensitive LCD central control screen, the interior style is impressive and gives people a feeling full of young personality. Next, let Xiaobian introduce the dashboard and seats. The dashboard of this car presents a cool design style and the display effect is excellent. The car adopts imitation leather seats, which are wrapped in place and have good support and comfort.

The Model Y is 357KW, the total torque is 659N.m, and the maximum speed is 250 km/h.

The car is equipped with driving mode selection, Bluetooth key, NFC/RFID key, interior ambience light, traction control (ASR/TCS, etc.), Bluetooth /WIFI connection and other configurations, and the configuration performance is quite good, bringing drivers and passengers a comfortable car experience.

To sum up: this class of cars is usually the first choice for most people. First of all, the price is not expensive, and secondly, all the configurations are quite complete, which is still very worth starting with.

　　[Pacific Auto Network Supplies Channel]It is not difficult to imagine this scene: at noon in summer, when you get into the car, you will be burned by the insolated seat. Earlier, when Xiao Bian visited the forum, he found that some netizens had installed a car seat cushion called "Super Skin". It is said that this kind of seat cushion is "neither hot nor cold". Is it really so magical? Xiaobian will personally test it.

　

What is extrasensory skin?

　　Supersensitive skinIt is a composite material. It is breathable, non-slip, comfortable, durable and easy to clean. Super-sensitive leather is suitable for any model, and it is also a car seat cushion that is universal in all seasons and neither hot nor cold.

　

● Preparation before test

　　In order to measure the temperature rise performance of the car seat cushion made of this material at high temperature, we found two kinds of seat cushion materials: one is Five Blessingg Jinniu’s super-sensitive leather 3D seat cushion, and the other is ordinary leather.

　　We will speak with data in the test, so the test instruments we use this time include: 300W infrared lamp and hand-held infrared thermometer. The infrared lamp is formed by inserting a tungsten wire into an inflatable quartz tube. The tungsten wire generates heat and heats the gas in the quartz tube under the action of alternating voltage, thus generating infrared electromagnetic waves, which can be used for heating. The infrared thermometer can determine the surface temperature by measuring the infrared energy radiated by the target surface.

　　Then, we need to pay attention to a question here: Is the infrared lamp we used in the test equal to the sun’s rays? The wavelength of infrared lamp is different from that of infrared rays in sunlight, and the content of infrared lamp, Yuba lamp or other light sources is completely different from that of rays harmful to human body in sunlight. Using infrared lamp to do the test is only to simulate a heat source and let us feel the temperature rise of two different materials under the condition of the same heat source.

● heating speed: super sensitive leather < leather.

　　In order to make each data reading comparable, we mark the surfaces of the two materials separately before testing, and each time when reading with infrared thermometer, the testing point will be aligned with the marked position.

　　After turning on the infrared light for about 20 seconds, we first felt the temperature rise of the cushion materials on both sides with our hands, and the leather obviously felt more soup, but the temperature rise of the super-sensitive leather was not so obvious.

　　Next, we will continuously use the thermometer to read the temperature rise value. Surprisingly, under the irradiation of infrared light, the highest temperature can reach more than 90 degrees, which is a bit unexpected.

　　However, it should be noted that this data test is not in line with our daily car habits, because the temperature of the seats in the car is difficult to reach more than 90 degrees under the exposure at noon, so we only show that the temperature rise of super-sensitive leather is better than that of ordinary leather by infrared light irradiation. So in order to make the experiment more ideal, we moved two experimental products outdoors to see their temperature rise under the condition of midday exposure.

　　Description of test conditions: In the hot weather of 38, we test the temperature rise within one hour from 12 noon to 1 o’clock. At this time, the ground temperature is 42 degrees.

　　Summary:Regardless of outdoor exposure or infrared lamp test, except for the highest temperature, the test results all illustrate the same problem: after the temperature rises to a certain extent, the temperature value will not fluctuate too much. Basically, the temperature of super-sensitive leather is up to 49 when it is exposed to the sun outdoors, while the temperature of ordinary leather is up to 66, which is close to the real temperature. If it is placed in the car environment, the temperature may not be so high.

● Is this kind of cushion environmentally friendly?

　　It seems that the report that black heart cotton is hidden in the seat cushion has always been very common. Generally speaking, there are still many cases in China where materials are not sent for inspection.　　

　　Therefore, the easiest way to see if black cotton has been used in the seat cushion is to prove it by testing standards.

　　What is SGS report?SGS states the results or conclusions after inspection, testing, certification and appraisal in the report, but the inspection and certification are not based on SGS standards, but on international standards, local laws and regulations, customer requirements or special industry requirements. SGS is only a fair and rigorous third party, with rich experience, professional equipment and personnel to carry out various inspections or tests according to standards.

　

Relevant certification:

　　CCC certification:The full name of 3C certification is "Compulsory Product Certification System", which is a product conformity assessment system implemented by China government in accordance with laws and regulations to protect consumers’ personal safety and national security, strengthen product quality management.

　　CE certification:That is, it is limited to the basic safety requirements of products that do not endanger the safety of human beings, animals and goods, rather than the general quality requirements. The coordination instruction only stipulates the main requirements, and the general instruction requirements are standard tasks. Therefore, the accurate meaning is that the CE mark is a safety qualified mark rather than a quality qualified mark.

　

　　Summary:At present, there is no mandatory standard in the automobile seat cushion industry, and it is entirely necessary for manufacturers to exercise self-discipline. However, in terms of testing standards, it is also divided into national standards and European standards. Generally speaking, the index of European standard is stricter, and SGS belongs to European standard.

● What is the loading effect?

　　After testing the car seat cushion made of this material, we also experienced its installation effect. Take Jinniu, Five Blessingg as an example. This set of seat cushion adopts concave-convex design, and many places are designed with breathable holes, so it is more breathable.

● Summary

　　Different car cushions will give people different feelings, whether it is genuine leather or imitation leather, or fabric seats and super-leather seat covers, all of which have their own advantages and disadvantages. As far as extrasensory skin is concerned, its advantages are good thermal conductivity and softness and comfort. However, although the car seat cushion is made of the same material, there will be some differences, such as whether environmental protection materials are used, whether high-quality fillers (such as high-elastic sponges) are used, and how the stitch technology and ventilation design are, etc. These are the criteria for considering the quality of a set of seat cushions. However, the performance of this Five Blessingg Jinniu car seat cushion tested this time is still very satisfactory.

　　On the evening of August 15th, the quarter-finals of women’s water polo in Rio Olympic Games started. The China women’s team (Blue Hat) lost to the Italian team at 7: 12 in three group matches, which failed to create a miracle and missed the semi-finals of the Olympic Games. Zhongxin.com reporter Futian photo

　　Beijing, Rio de Janeiro, August 15 (Reporter Wang Muqing) If it weren’t for the Olympic Games, the unpopular event of women’s water polo might not get much attention. Even at the peak of China team: third place in the 2010 World Cup, second place in the 2011 World Championships, and champion in the 2013 World League.

　　Today, only four athletes, Yang Jun, Sun Yating, Ma Huanhuan and Song Donglun, have come to Rio, and three of them have participated in the two Olympic Games in Beijing and London. This young team went to Rio, suffered four consecutive defeats and missed the top four.

　　In fact, women’s water polo in China has never reached the top four in the Olympic Games. In 2008 and 2012, China finished fifth. According to the competition system of Rio Olympic Games, even though China has lost all three matches in the group stage, it can still participate in the knockout stage and compete for a place in the semi-finals. Fortunately, the opponent is the Italian team that was defeated two months ago.

　　Olympic water polo entered the knockout stage, and the venue was moved to the gymnasium in the central area of Rio Olin, which just finished the swimming competition. Writing here, the reporter is really ashamed, because the reporter doesn’t know where the venue for the group competition is. After inquiring through the official information center of the Olympic Games, the reporter learned that the name of the venue is Maria Lenk Aquatics, but if you click to view the specific information, the page will display: This information cannot be checked.

　　The reporter is more convinced that this information can be found during the group stage, but by the time the knockout stage begins, the venue has completed the historical mission of the Rio Olympic Games, and few people care about it.

　　On the other hand, the China team didn’t start badly. At one time, it was tied with its opponent’s 1-1 score. But as time went on, the Italian team scored again and again, and the difference was opened a little.

　　With the suspense of the game getting smaller and smaller, the reporters in the media gallery are somewhat depressed. The reporter looked around the stadium and found that the stands with nearly half the attendance rate were full of Brazilian flags. It turns out that China’s foreign teacher and American Azevedo’s hometown is Brazil.

　　On the evening of August 15th, the quarter-finals of women’s water polo in Rio Olympic Games started. The China women’s team (Blue Hat) lost to the Italian team at 7: 12 in three group matches, which failed to create a miracle and missed the semi-finals of the Olympic Games. Zhongxin.com reporter Futian photo

　　Rick Azevedo’s name is like Alex Ferguson in football and Phil Jackson in basketball. People respectfully call Azevedo "the godfather of water polo". At the Rio Olympic Games, Azevedo led the China team home dressed in gold and challenged the Italian team he had coached. At the same time, Tony Azevedo, a 35-year-old veteran of the American men’s water polo team, is the son of Rick Azevedo, and he will complete his fifth Olympic tour in Rio.

　　Rio Olympic Games is so important to old Azevedo. So it’s not hard to understand how upset old Azevedo was after the game when China lost to the Italian team because of shooting disorder. However, in the name of "godfather", Azevedo reminded young girls in China that experience is more important than process, exertion is more important than result, and relaxation is more important than stress.

　　However, for Ma Huanhuan and Sun Yating, the Rio Olympic Games is a swan song of "the result is more important than the process". After the National Games next year, two meritorious veterans will officially retire. Even if the group lost three games in a row, as long as we can win one game in the knockout stage and reach the semi-finals, it will be the long-cherished wish of a generation of national players.

　　As the captain, Sun Yating couldn’t help crying after the game: "I really want to win a medal." When she said this, she raised her hand and wiped her tears, revealing a bright red scratch on her neck.

　　In the women’s water polo competition, the players’ confrontation in the absence of the ball is quite fierce, and the collision between the opponents’ limbs is not all a foul. Therefore, that clear scratch is by no means accidental, but it is the necessity of this sport.

　　Apart from regret, Sun Yating is most worried about the future of women’s water polo in China: "There are too few people practicing water polo, and the selection of talents is too limited."

　　However, when the Rio Olympic Games is closed, the exposure opportunities of women’s handball events may only be comprehensive games such as the National Games and the Asian Games. As for the World Championships and the World Cup, the degree of attention received can be imagined. I’m afraid the future of this team will only be known to outsiders through the results of the competition. The so-called unpopular projects are generally the same. (End)

CCTV News:Look at the economy through data and feel the vitality of China.

In the first eight months, China’s import and export of goods increased by 6% year-on-year

According to customs statistics, in the first eight months of this year, the total import and export value of China’s goods trade was 28.58 trillion yuan, a year-on-year increase of 6%. Among them, the export was 16.45 trillion yuan, up 6.9%; Imports reached 12.13 trillion yuan, up 4.7%.　　

Customs statistics show that in the first eight months of this year, China’s import and export to countries that jointly built the "Belt and Road" reached 13.48 trillion yuan, an increase of 7%. Among them, the import and export to ASEAN was 4.5 trillion yuan, an increase of 10%, accounting for 15.7% of China’s total import and export value in the same period. ASEAN continues to be China’s largest trading partner. In the same period, imports and exports to the European Union, the United States and South Korea increased by 1.1%, 4.4% and 8% respectively.

More than 70 initiatives to promote the high-quality development of service trade

At the policy briefing held by the State Council Information Office on September 10th, the relevant officials of the Ministry of Commerce and other departments introduced that the country will introduce more than 70 policy measures to promote the high-quality development of service trade around promoting institutional opening, promoting cross-border flow of resource elements, promoting innovation and development in key areas, expanding the international market layout, and improving the support system.

In August, the China Express Development Index increased by 12.6% year on year.

The reporter learned from the State Post Bureau that the China Express Development Index was 407 in August, up 12.6% year-on-year. Driven by summer consumption and school season, the average daily business volume of express delivery in China has increased from 440 million to 480 million.

In the first eight months, the production and sales of new energy vehicles in China increased by double digits year-on-year

According to the latest data released by China Automobile Industry Association on September 10th, in the first eight months of this year, the production and sales of new energy vehicles in China were 7.008 million and 7.037 million respectively, up by 29% and 30.9% respectively, and the sales of new energy vehicles accounted for 37.5% of all new car sales.

1-mdash this year; In August, the number of tourists from ASEAN, Japan and South Korea to China doubled.

The reporter learned from the high-level seminar on immigration management policies of ASEAN, China, Japan and South Korea being held in Suzhou that this year, 1-mdash; In August, the number of tourists from ASEAN, Japan and South Korea increased exponentially.

1-mdash this year; In August, 9.69 million people from ASEAN countries entered the mainland of China, up by 113.1% year-on-year, 680,000 Japanese citizens entered the mainland of China, up by 123% year-on-year, and 1.587 million Korean citizens entered the mainland of China, up by 142.1% year-on-year. The main reasons for entry were sightseeing, business meetings and visiting relatives. At the seminar, the National Immigration Bureau of China proposed to introduce a more active, open and efficient immigration management policy around "promoting regional personnel exchanges", promote the facilitation of border clearance, and jointly crack down on transnational organized crimes such as human trafficking, migrant smuggling, telecom fraud, online gambling and drug trafficking, so as to create a more legal and orderly entry-exit security environment.

The reporter was informed at the seminar that ASEAN and China, Japan and South Korea account for one-third of the world’s total population and economy, and countries are important trading partners of each other, with deep integration of industrial chains and supply chains and close personnel exchanges.

1&mdash; In August, more than 860 important shareholders of A-share listed companies increased their holdings.

On September 10th, CSRC announced 1&mdash;Repurchase of listed companies in August. The data shows that 1&mdash; In August, more than 10 companies bought back more than 1 billion yuan. In addition to repurchase, the number and amount of holdings of important shareholders of listed companies have also increased significantly.

The data shows that this year is 1-mdash; In August, more than 860 important shareholders of A-share listed companies increased their holdings in the secondary market, with an increase of over 55 billion yuan, both in quantity and amount. Among them, 9 companies have increased their holdings by more than 1 billion yuan. Companies with larger holdings are mainly concentrated in banking, petrochemical and other industries.

Guo Ruiming, Director of the Listing Department of the China Securities Regulatory Commission, said that the major shareholders, actual controllers and Dong Jiangao, who increased their holdings of the company’s shares, are confident in the company’s future sustainable development and optimistic about the company’s prospects. In addition, important shareholders can’t actually sell after a certain period of time, which is also very positive for stock price stability.

By the end of August, more than 1,000 companies in Shanghai and Shenzhen stock markets have launched medium and long-term dividend plans.

The data shows that as of the end of August, more than 1,000 companies in Shanghai and Shenzhen stock markets have launched medium-and long-term dividend plans, and many companies have clearly defined the specific proportion of cash dividends or policy objectives in their articles of association. 1-mdash this year; In August, 663 companies in Shanghai and Shenzhen stock markets announced interim dividends, a year-on-year increase of nearly three times; It is estimated that the dividend will be 533.7 billion yuan, more than doubling year-on-year, accounting for 18.5% of the net profit in the same period from 7% last year.

Guo Ruiming, director of the listing department of the China Securities Regulatory Commission, said that the regulatory authorities and exchanges guide listed companies to formulate medium and long-term dividend plans to stabilize investors’ expectations. On the other hand, the habit of promoting more capable companies to pay dividends in the medium term and paying dividends multiple times a year is gradually being cultivated, and leading companies in the industry have played a very good role in this process.

　　State-owned assets of administrative institutions refer to all kinds of economic resources that are occupied and used by administrative institutions, legally recognized as owned by the state and can be measured in money. It is an important material basis for the government to perform social management functions, provide public services and promote career development, and is an important part of state-owned assets.

　　(1) the status quo of state-owned assets in administrative institutions. According to the data of final accounts of departments in 2011, as of December 31, 2011, the total assets of administrative institutions nationwide were 13.35 trillion yuan, and the total net assets after deducting liabilities were 8.76 trillion yuan. The net assets of administrative institutions accounted for about one-third of the total state-owned net assets (see Figure 5.1). In terms of asset composition, current assets account for 40.3%, fixed assets account for 50.2%, foreign investment accounts for 1.8%, intangible assets account for 0.5%, and other assets account for 7.2% (see Figure 5.2).

　　Figure 5.1 State-owned Assets of Administrative Institutions in 2006-2011 (Net Value)

　　Figure 5.2 Composition of state-owned assets (total value) of administrative institutions at the end of 2011

　　(2) State-owned assets management system of administrative institutions. In 2006, the Ministry of Finance promulgated the Interim Measures for the Management of State-owned Assets in Administrative Units and the Interim Measures for the Management of State-owned Assets in Public Institutions (Ministry of Finance Orders No.35 and No.36, hereinafter referred to as "two ministerial orders"), which clarified the management system of state-owned assets in administrative institutions and the management responsibilities of various departments (units), comprehensively standardized the management of assets allocation, use and disposal, and constructed a comprehensive management system from asset allocation, use to disposal. According to the relevant principles determined by the two ministerial decrees, the Ministry of Finance, in conjunction with relevant departments, has studied and promulgated relevant supporting management measures such as asset inventory, asset verification, state-owned assets management of central administrative institutions, overseas assets management and the use, disposal and income of state-owned assets. At the same time, local financial departments have actively strengthened the system construction according to the provisions of the two ministerial orders, and the state-owned assets management system of administrative institutions has been initially established.

　　(3) State-owned assets management institutions of administrative institutions and their responsibilities. According to the current management framework of state-owned assets in administrative institutions, it is vertically divided into five levels: central, provincial, prefecture (city), county and township, and horizontally there are three levels of management: "financial department-competent department-administrative institutions".

　　The specific responsibilities and authorities of financial departments, competent departments of administrative institutions (hereinafter referred to as competent departments) and administrative institutions in asset management are as follows: financial departments at all levels are government functional departments responsible for the management of state-owned assets of administrative institutions and implement comprehensive management of state-owned assets of administrative institutions; The competent department is responsible for the supervision and management of the state-owned assets of the administrative institutions affiliated to this department; Administrative institutions shall implement specific management of the state-owned assets possessed and used by their own units.

　　The promulgation of the two ministerial orders clearly defined the management system of state-owned assets in administrative institutions in China. At present, the management system of "unified ownership by the state, graded supervision by the government, possession and use by units" and the corresponding state-owned assets management model of "financial department-competent department-administrative institution" have been further established nationwide. By the end of 2011, all provinces (autonomous regions, municipalities directly under the Central Government and cities with separate plans) in China have made it clear that the financial departments are responsible for the management of state-owned assets in administrative institutions, and 35 of them have established special asset management institutions. Most central departments have also set up asset management institutions or defined the staff responsible for asset management.

　　(4) The main contents of state-owned assets management in administrative institutions. It mainly includes asset allocation, asset use, asset disposal and other related work.

　　Asset allocation. It refers to the behavior of financial departments, competent departments, administrative institutions, etc. to equip administrative institutions with assets by means of purchase or adjustment according to the needs of administrative institutions to perform their functions and in accordance with the procedures stipulated by relevant state laws, regulations and rules. Administrative institutions purchase assets included in the scope of government procurement and implement government procurement according to law. In order to standardize and strengthen the asset budget management, the Ministry of Finance issued the Notice of the Ministry of Finance on Further Strengthening the Budget Management of New Asset Allocation in Central Administrative Units (Caixing [2010] No.293) and the Budget Standard for the Purchase of General Office Equipment and Furniture in Central Administrative Units (for Trial Implementation) (Caixing [2011] No.78) to standardize the asset budget preparation of central departments and improve the budget for the purchase of general office equipment and furniture in central administrative units.

　　Use of assets. Including assets for self-use, foreign investment, leasing and lending. Administrative institutions shall establish and improve the management system for the use of state-owned assets, standardize the use behavior, do a good job in the use management, give full play to the use efficiency of state-owned assets, ensure the safety and integrity of state-owned assets, and prevent improper losses and waste in the use of state-owned assets. Administrative units shall not use state-owned assets as external guarantee, and shall not use state-owned assets in any form to hold economic entities. The income from leasing and lending of state-owned assets in administrative institutions shall be managed by "two lines of revenue and expenditure" in accordance with the provisions of the government on the management of non-tax income. The income from the use of state-owned assets in public institutions should be included in the unit budget, and unified accounting and management should be carried out.

　　Disposal of assets. Refers to the transfer and write-off of property rights of state-owned assets in administrative institutions. Including all kinds of state-owned assets free allocation (transfer), foreign donation, sale, transfer, transfer, replacement, loss reporting and scrapping, loss verification of monetary assets, etc. The income from the disposal of state-owned assets in administrative institutions shall be managed by "two lines of revenue and expenditure" in accordance with the provisions of the government on the management of non-tax income.

　　Other basic work. It mainly includes supporting basic work such as asset inventory, asset verification, property right registration and asset evaluation of administrative institutions, and constitutes the content system of asset management of administrative institutions with three basic links of asset allocation, use and disposal.

　　Approval process. Administrative institutions at all levels shall, in strict accordance with the relevant provisions of the state, go through the formalities for examination and approval of asset allocation, use and disposal, and follow the process shown in Figure 5.3 for approval.

　　Figure 5.3 Schematic diagram of approval process

　　(5) Special management of state-owned assets in administrative institutions.One isOfficial vehicle management. The Ministry of Finance issued the Administrative Measures for the Budget and Final Accounts of Official Vehicles for Party and Government Organs (No.9 [2011] of Caixing) and the Administrative Measures for the Equipment and Use of Official Vehicles for Law Enforcement of Party and Government Organs (No.180 [2011] of Caixing), and formulated the Administrative Measures for the Equipment and Use of Official Vehicles for Law Enforcement of Sub-systems together with the central competent authorities, further put forward management requirements for the budget and final accounts of official vehicles for Party and government organs, and set the equipment scope, preparation management and equipment standards for official vehicles for law enforcement of party and government organs.The second isSoftware asset management. In order to further improve the use of legitimate software by government agencies, the Ministry of Finance issued the Notice on Further Standardizing and Strengthening the Management of Software Assets of Government Agencies (Caixing [2011] No.7), which put forward clear requirements on budget management, asset management and procurement management of legitimate software, standardized and strengthened the management of software assets of government agencies, and promoted the protection of intellectual property rights.