Intelligent Transportation "2.0": Putting "Brains" on the Road

  Autonavi Maps has launched a "smart cone bucket" that applies the Internet of Things transformation. After connecting to its map app data platform, it can realize real-time collection and release of information such as road construction, accidents and closure controls, and improve user travel efficiency and safety. The picture shows that in January this year, a road construction information released by a "smart cone bucket" set in the Dinghu rest area of Guangfo Zhao Expressway has been uploaded to the map app. Photo by Liu Dawei, a reporter from Xinhua News Agency

  Have you seen the "brain" of road traffic? What kind of scenario does the future of smart travel look like? In fact, before we know it, the "brain" of traffic has already been "bravely leading the beam" between the endless roads, empowering a more technological way of travel.

  In recent years, new technologies such as "Internet +", intelligent networking, big data, and artificial intelligence have been continuously applied in the field of road transportation, integrating more and more deeply into people’s lives, and constantly meeting people’s new expectations for safe, convenient, and high-quality travel. At the same time, "black technology" has gradually been applied, innovating and enriching the new connotation of "smart transportation", which also echoes the deep-seated needs of cities to improve their comprehensive transportation management capabilities.

  Recently, under the guidance of the Traffic Administration of the Ministry of Public Security, the "2019 Internet + Urban Traffic Management Innovation Forum" jointly sponsored by the China Road Traffic Safety Association and Autonavi Map was held in Hefei. Experts in the field, public security traffic management departments, universities and scientific research institutions, and representatives of related industries and enterprises from all over the country gathered together to share innovative services and technological achievements in the transportation industry, and make suggestions for the comprehensive realization of intelligent transportation. It also showed a vivid and colorful future travel picture.

  "Black technology" escorts road safety

  The data shows that with the in-depth implementation of China’s transportation power strategy, the transportation industry has developed rapidly, and the road for people and vehicles has continued to grow at a high speed. As of the end of June this year, the number of motor vehicles in the country has reached 340 million, of which 250 million cars, 66 cities in the country have more than 1 million cars, 29 cities have more than 2 million cars, and 11 cities such as Beijing and Chengdu have more than 3 million cars. Under the rapid growth, it also puts forward higher requirements on how to apply big data and serve traffic control.

  car recognition

  According to Sun Zhengliang, party secretary of the Traffic Management Science Research Institute of the Ministry of Public Security, in recent years, the construction of the highway traffic safety prevention and control system has continued to advance, and the network of bayonets, video and law enforcement forensics equipment has been connected to the public security traffic integrated command platform. It is expected that traffic surveillance video will be "networked nationwide" by the end of this year.

  At the same time, 25 kinds of illegal analysis models and vehicle characteristics database were established to screen all kinds of illegal acts from the traffic trajectory data. The successful application of the integrated command platform has also made the deck car invisible. By labeling the vehicle "portrait", the integrated command platform can analyze 470 billion track data, screen out more than 120,000 suspected fake deck cars, and re-screen those with higher frequency. After the data is synchronized with provinces and cities, the fake deck is locked through cross-regional spatiotemporal analysis.

  Face recognition

  Not only is it "recognizing the car", but through facial recognition technology, the platform can also accurately detect relevant license-related violations in real time, and accurately "recognize the face". License-related violations are mostly divided into three categories: driving without a license, losing driving (Note: traffic violations in which drivers still drive motor vehicles on the road after losing their driving qualifications, such as "drunk driving" revoking their driver’s license, "drug driving" canceling their driver’s license, "super score" not learning, overdue inspection, etc.) and permitted driving do not match. In fact, it is far from enough for such personnel to enforce the law through the traffic police. It is very difficult. The application of facial recognition technology can use data comparison, analysis and judgment to systematically warn and deal with the behavior of lost drivers on the road.

  Mobile navigation becomes a traveler’s "all-round guide"

  The development of "smart +" travel and the improvement of travel efficiency with "seamless" travel services will reduce the average travel time and layered travel mode, and use the traffic design foundation and transportation tools to drive the travel industry into the stage of intelligent transportation development. Liu Zhenfei, partner of Alibaba and president of Autonavi Maps, said that the management and service travel mode with mobile navigation applications as the breakthrough point will open up all levels, allowing travelers to receive comprehensive and efficient services "before the trip", "during the trip" and "after the trip".

  The era of smart travel is coming, and mobile navigation can play a role far more than just "guiding the way". It is transforming into an inseparable "all-round guide" for travelers.

  Protect safety

  "There are tens of thousands of roads, and safety comes first." Dynamic traffic incident voice prompts are the link between managers and travelers. Mobile navigation receives dynamic traffic cloud information in real time and prompts travelers at any time. Through the application of the "smart cone bucket" after the transformation of the Internet of Things, road construction information can be uploaded to the map app, connected to the data platform to realize real-time collection and release of road construction, accidents and closed control information, and set up safety barriers. With the appearance of the "smart cone bucket", the secondary accident rate of Shanghai-Nanjing Expressway alone has been reduced by 34%.

  improve efficiency

  Taking Autonavi maps as an example, according to the analysis results of KPMG and the National Research Institute of Economics, mobile navigation applications save users at least 1.90 billion hours of congestion time, greatly improving traffic efficiency and fuel efficiency. And like the "multi-directional real-time road conditions" first launched in the industry last November, it realizes lane-level navigation at intersections and guides vehicles at intersections more accurately.

  guard the environment

  "By gradually launching’real-time public transportation ‘and other green travel navigation, we are transforming into a mobile navigation application for multi-mode green travel." According to Liu Zhenfei, in the past year, more than 37% of users have adopted green travel mode, and the proportion of green travel sharing has even exceeded that of cities with perfect public transportation services, such as Toronto, Canada, and Brisbane, Australia. "In the past few years, by improving our technical capabilities, we have not only made map navigation tools, but also hoped to provide a large number of new products and services for green travel in the whole city. We have launched’smart bus stations’, covering more than 10 cities. Travelers can effectively plan travel time through vehicle information inquiry, and public travel will become more and more convenient." Liu Zhenfei said.

  Drawing alluring future travel scenarios

  In July this year, the Ministry of Transport officially issued the "Digital Transportation Development Plan Outline", proposing to build a digital collection system, a networked transmission system and an intelligent application system with the "data link" as the main line, and accelerate the development of transportation informatization to digitalization, networking and intelligence, providing support for the construction of a transportation power.

  City CT

  Congestion, excessive resource consumption, traffic accidents… How to solve the urban traffic problem? At the forum site, the Autonavi map mirror system was officially launched. In the opinion of Dong Zhenning, vice president of Autonavi maps, the "mirror" that realizes intelligent analysis, evaluation and diagnosis of urban traffic based on AI and big data is like the "CT" of the city. It scans the factors affecting urban traffic in multiple dimensions, provides the "medical report" of urban traffic operation, and analyzes the reasons, so as to provide the basis for accurate and comprehensive policies.

  After obtaining the "diagnosis result", the next step is to focus on realizing the information coordination of people, cars and roads and establishing a service model that quickly reaches users. In Wuhan, Autonavi maps have been coordinated with the information of signal lights. In addition, when congestion, accidents and other situations occur, video AI recognition technology can judge the perceived road conditions in the first time, and realize zero-hour diversion guidance through intermediaries such as apps, in-car navigation, and smart guidance screens.

  One-stop, full chain

  "One-stop" and "full chain" are undoubtedly the direction of change in future travel services. Qiu Hongtong, a researcher at the Institute of Traffic Management Science of the Ministry of Public Security, believes that the new demand for travel can be explained from three aspects: managers, service providers, and travelers. Managers can use big data tools to correctly guide travel services and better supervise new business models; service providers have the ability to provide reservation-based and customized services; travelers can better adapt to and enjoy the continuous changes in travel methods.

  Open data, policy guidance, technical support and effective supervision. In the process of achieving the goal of future smart travel, there are still several key issues to be solved. Liu Zhenfei said that in the future, "smart +" travel will be further promoted in four aspects: automation, electrification, networking and sharing, deepen cooperation among enterprises, and deepen innovation in basic applications.

  "Start with travel, integrate with life", the process of intelligent upgrade of the platform is also a process of open resource sharing and data integration. Only by working hard to get out of the "data island" can the digital dividend better benefit everyone.

  (Reporter, Sun Yahui)

Huawei P7 review: a redefinition of the flagship phone

Nomad Starry Sky

Nomad Starry Sky

Nomad Starry Sky

  In terms of night scenes, the noise control of the P7 is not good enough, even if the brightness of the screen is not high, it can still see more obvious noise.

  However, its halo control is in place, the picture is relatively clean, and there is no light flying around.

Nomad Starry Sky

  Sometimes the whole picture turns red, and it is easy to appear in the same scene at that time. It takes many patient adjustments to the position to take a more ideal white balance sample:

Nomad Starry Sky

Nomad Starry Sky

  Let’s take a look at the price first. The price of the P7 in the European market is 449 euros, which is about 3,900 yuan, while the price in the domestic market is 2,888 yuan. Whether it is the high tax in Europe or the competition in the domestic market, the price of 2,888 yuan is more conscientious.

  It is certain that there are very few parameters and performance parties for buying this phone, because the hardware strength of the P7 is only close to the Snapdragon 600, which is still not small compared to the current Snapdragon 800/801.

  If you compare it vertically, you will find that the P7 is a comprehensive upgrade compared to the P6. Its screen has been upgraded from 4.7-inch 720P to 5-inch 1080P, the processor has been upgraded from a quad-core 1.5GHz K2V3 to a quad-core 1.8GHz Kirin, and the front and rear cameras have been upgraded from 500 + 800 to 800 + 1300 respectively. In addition, the body storage has been upgraded from 8GB to 16GB, the battery capacity has been increased from 2000mAh to 25mAh, and the Android 4.4.2 Emotion 2.3 system has been adopted for the first time.

  The selling point of the P7 is also its appearance. The rounded shape above has become a classic design of Huawei’s P-series flagship models. This time, the P7 not only continues the overall appearance of the P6, but also has many changes in details, such as the integrated design of the bottom frame, and the position of the earphones is no longer torn.

  In a word, if you accept the Huawei P6 at 2688 yuan, the Huawei P7 at 2888 yuan is definitely worth your careful review.

How to use the Xiaomi TV remote control? The most complete user guide for Xiaomi TV remote control

This article is from the Smart TV Network

Xiaomi TV should be used by many friends. As an Internet TV famous for its cost performance, do you dare to say that you are already an old driver? Although there are not many buttons on the Xiaomi TV remote control, there are many hidden functions as an Internet TV! Have you discovered these functions?

The Xiaomi TV remote control has pioneered the 11-button smart TV remote control. This simple design of the remote control also has many combination button settings, do you know?

At present, Xiaomi TV remote control is divided into Xiaomi infrared remote control and Xiaomi Bluetooth voice remote control. The main difference between these two remote controls is the different way of connection control. The Bluetooth remote control has voice buttons, and the voice control function can be realized by connecting to Bluetooth.

How to use the Xiaomi TV remote control? The most complete user guide for Xiaomi TV remote control

Let’s take the Xiaomi Bluetooth voice remote control as an example. The buttons of the Xiaomi Bluetooth voice remote control include switch button, voice button, arrow button, confirm button, home button, return button, menu button, and the bottom long bar of volume plus or minus keys.

1. Please install two AA batteries for the first time.

Press and hold the back compartment cover of the battery, push it down, put in two AA batteries, and cover the back compartment cover.

2. Pairing

Enter Settings > Peripherals and Bluetooth > Xiaomi Bluetooth Remote Control > Add Xiaomi Bluetooth Remote Control from the TV/Box desktop, and follow the prompts on the TV screen. After successful pairing, the TV prompts that the connection is successful.

Key function:

Power button: short press to turn on/off the TV/box; long press to choose different states such as shutdown and restart.

Voice key: Press and hold to search by voice.

Home button: Short press to quickly return to the desktop, double click to display the application that has been opened in the background.

Menu key: Display more functions under the current interface.

For example: in the home page interface, enter the open children mode, enter the search interface, and enter the screen projection mode; display relevant video settings in the playback interface; display more classification conditions in the list interface, etc.

Return key: Go back to the previous level.

Arrow keys: Control the focus to move up, down, left and right. In the playback interface, the left and right keys are the functions of rewind and fast forward respectively.

Confirm key: Confirm that the current focus is selected, and the current video can be paused/played on the video interface.

In addition to single-use buttons, the remote control also supports combined operation of buttons

Home button + menu button: Bluetooth remote control pairing

Double-click the home button: screenshot, screen recording

Confirm button and long press the TV APP: top, delete the APP.

Home Press the up button in the direction: quickly call up the storage device, weather, date, reminder, Mijia, settings

On the homepage interface, enter to turn on the child mode, enter the search interface, enter the screen projection mode, etc.

How to use the Xiaomi TV remote control? The most complete user guide for Xiaomi TV remote control

In the playback interface, display relevant video settings, including definition, picture ratio, etc

How to use the Xiaomi TV remote control? The most complete user guide for Xiaomi TV remote control

In addition to the button functions mentioned above, there are also some combination button operations, which make it easy to call up common functions, making it super convenient.

Home button + menu button: Press and hold the home button and menu button at the same time, keep the remote control within 20cm of the TV, and wait after hearing the "beep" sound. It shows that the pairing of the Bluetooth remote control is successfully realized after the connection is successful, so that the Bluetooth remote control can control the box.

How to use the Xiaomi TV remote control? The most complete user guide for Xiaomi TV remote control

Double-click the home button: After double-clicking the home button, it can show that the application has been opened in the background, and press the up button to close the application. In addition, it can also realize screenshot and screen recording functions, and can also be shared with other friends through WeChat.

How to use the Xiaomi TV remote control? The most complete user guide for Xiaomi TV remote control

Long press the OK key: Long press the OK key to realize topping or deleting the APP. It is more convenient to find and use your commonly used applications at the top.

How to use the Xiaomi TV remote control? The most complete user guide for Xiaomi TV remote control

Press the up button on the homepage: quickly call up common functions such as storage device, weather, date, reminder, Mijia, settings, etc.

How to use the Xiaomi TV remote control? The most complete user guide for Xiaomi TV remote control

Have you learned all the hidden skills of the Xiaomi TV remote control above?

Published in: Shandong

Hengda’s Tianjin factory is temporarily suspended, and the cumulative delivery of Hengchi 5 is less than 1,000 vehicles

  China Economic Net April 26th (reporter, Guo Yue) April 24th, Hengda Automobile (stock code: 00708.HK) announced that the company will sell its 47 health space projects to China Hengda Group at a price of 2 yuan, in order to focus more on the development of new energy vehicles. The announcement also disclosed that due to lack of funds, Hengda Tianjin factory has temporarily suspended production of Hengchi 5, and is expected toMayResume production.

  Specifically, Hengda Automobile said that the sale of the health space project is due to the huge capital demand involved in the new energy vehicle project, coupled with the current situation of Hengda Group, so continuing to invest resources in the health space project is not in line with the group’s overall deleveraging strategy, and may also limit the development of new energy vehicles. The company hopes to achieve more focused and professional development of new energy vehicles by reducing its holdings of non-main business assets.

  The announcement also said that due to insufficient funds, Hengda’s Tianjin factory will temporarily suspend production of Hengchi 5 and is expected toMayResume production. According to Hengda Automobile’s announcement on March 22, as of the announcement date, the company has delivered more than 900 Hengchi 5 vehicles to users.

Go to heaven and earth and discover this navigation artifact!

The common people watched the simulcast and found this navigation artifact!

Is it easy to get lost in the underground garage? Can’t find your way around the mall? Don’t worry, this has a solution! At the finals of Xiongan Future City Scene Exchange, the indoor and outdoor integrated positioning system of "Beidou + X" brought by China Unicom Smart City Research Institute can achieve accurate navigation in non-exposed spaces, allowing Beidou navigation not only to "go to the sky", but also to "go to the ground".

What is a non-exposed space? In fact, it is an area where traditional satellite navigation systems cannot provide accurate and reliable positioning services due to obstruction. Underground garages, subways, office buildings, etc. that we often go to in our daily lives belong to this type of area. If these places have accurate navigation, we no longer have to worry about getting lost, and daily travel becomes more convenient.

In addition to daily life, this project can also bring reliable protection to safe production. Xiongan has a large amount of underground space. In case of an emergency, precise positioning can help staff carry out rescue and find emergency resources.

Du Zhongyan, director of the Product Research & Development Department of China Unicom Smart City Research Institute, said, "We have created the indoor and outdoor integrated positioning system of’Beidou + X ‘. At present, this application has been commercially tested in the State Grid, including some Xiongan buildings and underground pipe corridors. It can solve the high-precision positioning and navigation needs of workers and ordinary people indoors. At the same time, it includes personnel patrol, personnel inspection and corresponding position navigation of people, vehicles and objects in this scenario. Solve some pain points and problems that cannot be touched by satellite signals in this indoor scenario, and we will further expand the corresponding application scenarios in the next step."

Positioning, water quality testing, safety warning… If you don’t come to the Xiongan Future City Scenario Series Competition, you don’t know that Beidou technology is so widely used, and this project has achieved a good score in the top ten on its track. "Hebei News Network" recently continued to report the news of the 2024 Xiongan Future City Scenario Competition finals, and projects from various tracks appeared one after another, depicting the participants’ infinite imagination of the future city and future scenarios.

Sponsor: Hebei Xiongan New Area Working Committee of the Communist Party of China

Hebei Xiongan New Area Management Committee

Operation: Hebei Daily Press Group

Original title: "From Heaven to Earth, Discover This Navigation Artifact!"

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Chen Turin exposed the behind-the-scenes of "Hua Qiangu" Weiya drama, Li Chengbin confessed to Huo Jianhua


1905 movie network news On the evening of January 19th,The fantasy-themed film premiered in Beijing. Producer Tang Lijun, director, starring,,,,, and others appeared at the post-screening meeting, sharing the feelings of participating in the creation of classic IP changes.


The movie "Hua Qiangu" is adapted from the novel of the same name, telling the story of the girl Hua Qiangu’s struggle with fate all the way, finally finding herself and harvesting pure love. As the main creator of the drama version and the film version, producer Tang Lijun said in an interview at the premiere that he hoped that this sincere work could bring new touches to the audience: "I hope that the growth story of Hua Qiangu will not only convey the emotion of human nature to the audience, but also want to show the growth and transformation of women, and be brave to be themselves." Director Zhang Chaoli also talked about the original intention of taking this work, and admitted that he was also deeply stressed at the moment, hoping to gain the audience’s recognition.


At the premiere, several of the stars of "Hua Qiangu" also shared the behind-the-scenes stories of the shooting, as well as their understanding of the story and characters. Chen Turin, who plays the heroine Hua Qiangu, said that after watching the story, she felt that "Hua Qiangu" could resonate with many girls, which is also what moved people in this story. She also revealed that as a "fear of heights" patient, the shooting of this Weiya drama made a deep impression on herself, and even the star even vomited after the shooting, and everyone paid a lot for the wonderful performance.


Actor Li Chengbin also shared his preparations for playing the character of Baizihua from the outside to the inside. In addition to being a vegetarian, slimming down, practicing meditation, and studying the Four Books and Five Classics, he is also very clear about the audience’s expectations for Baizihua in front of the version of Zhuyu. At the premiere, Li Chengbin also confessed that in his mind, Huo Jianhua is a god-like existence: "I hope everyone will show mercy [to me]."


It is reported that the movie "Hua Qiangu" officially landed in theaters on January 20, sharing with the audience the fantasy story of "Hua Qiangu going against the wind all the way".


Briefly talk about Huawei cars – ask the world M5

Huawei car was born, simple first to understand, from the four sides of the car’s appearance is high enough, the front design is full, the side shape is very mature, the headlights are designed as shark fin streamer lights + eagle wing through the test tail light, with 20-inch high-performance tires, exquisite chassis + front and rear multi-link independent suspension and seamless panoramic sunroof, the vehicle quality is 2220 kilograms, 100 kilometers acceleration takes only 4.4 seconds.


Configuration: The three models are standard with 15.6 central control large screen, 128-color ambient light, electronic parking, tire pressure display, quasi-L2 level automatic driving, fatigue driving prompt, front and rear radar, 360-degree panoramic image, reversing side car warning system, electric + induction trunk, one-button start keyless entry, remote start function, 10.25-inch LCD instrument, driving recorder, mobile phone front wireless charging function, seat heating, automatic speech recognition control system, vehicle to everything, LED headlights, automatic air conditioning and other practical function configurations.

Power: At present, only three models can be seen on the official website. Among them, the rear-drive standard version has an engine horsepower of 125 + motor 272Ps, a maximum power of 200KW, and a maximum torque of 360N.m; the four-wheel drive performance version has an engine horsepower of 125 + motor 428Ps, a maximum power of 315KW, and a maximum torque of 720N.m; the four-wheel drive flagship version has an engine horsepower of 125 + motor 496Ps, a maximum power of 365KW, a maximum torque of 675N.m, and is equipped with an electric vehicle single-speed gearbox.

Autonavi Map Yu Yongfu: The end of aggregation must be integrated travel services

Beijing News Shell Financial News (Reporter Chen Weicheng) On February 21, at the seminar on "Integration of scientific and technological innovation and reality to help build a transportation power", Yu Yongfu, chairperson of Autonavi Group, said that the integrated travel service platform is Autonavi’s No. 1 project in 2023, and the end result of aggregation must be integrated travel services.
Autonavi Map builds an integrated travel service platform in an aggregated model, and currently has access to a full range of urban travel and intercity travel services, including urban travel services such as public transportation, subway, taxi, online car-hailing, walking, and motorcycles, trains, passenger transportation, airplanes, and other intercity travel services, as well as supporting services such as charging and refueling.
Among them, Autonavi cooperates with the taxi industry in more than 100 cities to help the taxi patrol network integrate and receive orders online; the cooperative gas stations exceed 30,000, covering 340 cities across the country, and also cooperates with the State Grid, special calls, etc. The number of online charging stations exceeds 110,000, achieving national coverage.
Yu Yongfu, chairperson of Autonavi Group, said that the integrated travel service platform is Autonavi’s No. 1 project in 2023. Autonavi will adhere to the aggregation model, open up map navigation, technical services, platform traffic and other capabilities, and create a new combination with "old masters" who are deeply involved in the transportation industry to build an integrated travel service platform.
Yu Yongfu believes that there are three ways to integrate data and reality in the transportation industry: new travel forces use new skills and become new masters; old masters invest a long time in self-learning new skills; the third is that old masters cooperate with enterprises with digital technology to quickly master new skills and form new combinations.
"A better choice for the integration of numbers and reality may be the third way. The old master partners with a new skill partner, and the road to the integration of numbers and reality can go faster and farther." Yu Yongfu said.
Editor, Huang Xinyu
Proofreading, Zhai Yongjun

Andy Lau sings affectionately, the king is still so young

  





    April 30 is the 100-day countdown to the 2008 Beijing Olympic Games. The 2008 Olympic Song Collection Awards Gala was held at the Taimiao Temple of the Working People’s Cultural Palace in Beijing. The picture shows Andy Lau singing affectionately.







    April 30 is the 100-day countdown to the 2008 Beijing Olympic Games. The 2008 Olympic Song Collection Awards Gala was held at the Taimiao Temple of the Working People’s Cultural Palace in Beijing. The picture shows Andy Lau singing affectionately.







    April 30 is the 100-day countdown to the 2008 Beijing Olympic Games. The 2008 Olympic Song Collection Awards Gala was held at the Taimiao Temple of the Working People’s Cultural Palace in Beijing. The picture shows Andy Lau singing affectionately.







    April 30 is the 100-day countdown to the 2008 Beijing Olympic Games. The 2008 Olympic Song Collection Awards Gala was held at the Taimiao Temple of the Working People’s Cultural Palace in Beijing. The picture shows Andy Lau singing affectionately.







    April 30 is the 100-day countdown to the 2008 Beijing Olympic Games. The 2008 Olympic Song Collection Awards Gala was held at the Taimiao Temple of the Working People’s Cultural Palace in Beijing. The picture shows Andy Lau singing affectionately.







    April 30 is the 100-day countdown to the 2008 Beijing Olympic Games. The 2008 Olympic Song Collection Awards Gala was held at the Taimiao Temple of the Working People’s Cultural Palace in Beijing. The picture shows Andy Lau singing affectionately.


 

Editor in charge: Xiu Rongteng

Evergrande suddenly!

China Fund Journal, Taylor

Brothers and sisters, a little bit of news tonight.

Hengda Real Estate: The outstanding debt has accumulated nearly 300 billion yuan

On the evening of February 1, Hengda Real Estate Group Co., Ltd. issued an announcement on major matters such as major litigation and failure to settle due debts.

The announcement shows that as of the end of December 2023, Hengda Real Estate Group Co., Ltd. (together with its consolidated subsidiaries referred to as "issuers") had a total of 2073 pending proceedings with an amount of more than 30 million yuan, and the total amount of the underlying amount was about 502.596 billion yuan.

As of the end of December 2023, the issuer involved a total of about 2978.1 billion yuan in unliquidated maturing debts; in addition, as of the end of December 2023, the issuer’s overdue commercial tickets accumulated about 2050.04 billion yuan. Evergrande Real Estate has recently encountered enforcement, adding 20 pieces of information on the person subject to enforcement, involving an amount of about 1.347 billion yuan.

On January 29, the Hong Kong hearing court ruled that China Evergrande should be liquidated. On the same day, China Evergrande’s liquidation case was re-heard in the Hong Kong High Court. The judge said that China Evergrande’s workout plan lacked progress, and the company was insolvent and officially ordered Evergrande to be liquidated.

Sean, the relevant head of China Evergrande, responded to the outside world: "Today’s court ruling is contrary to our original intention. We can only express that we have done our best and are very sorry."

According to Sean, China Evergrande has been working towards repairing and enhancing asset value and business vitality, and has made several major adjustments to the core terms of some restructurings, not only to protect the interests of overseas creditors, but also to protect the time and space for the company to continue operating chemical insurance. It has also received the full understanding and valuable support of a large number of creditors.

China Evergrande’s financial report shows that as of the end of June 2023, China Evergrande’s total liabilities were 2.39 trillion yuan, total assets were 1.74 trillion yuan, and net assets were – 644.20 billion yuan.

Industrial and Commercial Bank of China Announcement: Chairperson Resigns!

On the evening of February 1, the Industrial and Commercial Bank of China announced that on February 1, 2024, Mr. Chen Siqing submitted his resignation to the board of directors of the Industrial and Commercial Bank of China joint stock company. Due to his age, Mr. Chen Siqing resigned as the chairperson, executive director, chairperson of the board strategy committee and member of the bank.

In accordance with the Company Law of the People’s Republic of China and other relevant laws and regulations and the Articles of Association of the Bank, Mr. Chen Siqing’s resignation will take effect from the date of service on the Board of Directors of the Bank. As confirmed by Mr. Chen Siqing, he has no disagreement with the Board of Directors of the Bank, and there is no need to notify the shareholders and creditors of the Bank of any matters related to his resignation.

According to the website of Industrial and Commercial Bank of China, Chen Siqing has been the chairperson and executive director of Industrial and Commercial Bank of China since May 2019. Chen Siqing joined Bank of China in 1990 and worked for Bank of China Hunan Branch for many years and served as the assistant general manager of the international relocation of Zhongnan Bank Hong Kong Branch. He used to be the assistant and vice president of Bank of China Fujian Branch, the general manager of the risk management department of the head office, the president of Guangdong Branch, and the vice president, president, vice chairperson and chairperson of Bank of China. He used to concurrently serve as the chairperson of BOC Aviation Leasing Co., Ltd., and the non-executive director, vice chairperson and chairperson of BOC Hong Kong (Holdings) Co., Ltd.

According to the official WeChat account of the Industrial and Commercial Bank of China, on the morning of January 20, 2024, the relevant responsible comrades of the Central Organization Department attended the cadre meeting of the Industrial and Commercial Bank of China and announced the central decision: Comrade Liao Lin was appointed Secretary of the Party Committee of the Industrial and Commercial Bank of China, and Comrade Chen Siqing was removed from the position of Secretary of the Party Committee of the Industrial and Commercial Bank of China.

Liao Lin was born in February 1966 and graduated from Guangxi Agricultural University with a doctorate in management from Southwest Jiaotong University. He has served as Vice President and Vice President of Industrial and Commercial Bank of China as Chief Risk Officer since November 2019, and Vice Chairperson and President of Industrial and Commercial Bank of China since March 2021.

Before joining Industrial and Commercial Bank of China, Liao Lin had about 30 years of experience in CCB. He joined CCB in 1989 and served as Vice President of Guangxi Branch, President of Ningxia Branch, President of Hubei Branch, President of Beijing Branch, Chief Risk Officer and Vice President of CCB as Chief Risk Officer.

US stock situation

Tonight, the three major U.S. stock indexes rose, with the China Concept index rising more than 1%.

Just now, Huawei detonated! Yu Chengdong made a sound and continued to swipe to see the next one

Evergrande sudden! China Fund News, light touch to read the original text

China Fund News, like sharing, watching, write a message, swipe up to see the next one

Original title: "Hengda sudden!"

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