Problems and suggestions on the construction of public health system and the reform of medical system

  Problems and suggestions on the construction of public health system and the reform of medical system

  —— Excerpts from the communication seminar on "Prevention and Control of Epidemic Situation in COVID-19 and Promoting Healthy China Action" (1)

  Guangming. com (Reporter Wu Pengfei) Recently, a communication seminar on "COVID-19 Epidemic Prevention and Control and Promoting Healthy China Action" was held, which was jointly sponsored by the Organizing Committee of (Yanqi Lake) Healthy Development Forum, Guangming. com, China Health Management Association, China Minsheng Bank Research Institute and Beijing Reform and Development Research Association. Experts and scholars from China Academy of Social Sciences, Central Party School (National School of Administration), Peking University, Tsinghua University, China Renmin University and other institutions attended. The theme of this seminar was

  Jian Chen, Executive Director of Health Development Forum (Yanqi Lake)It is said that the old saying goes, "Go to the hospital to cure the country, and then save people." The ancients believed that the principles of governing the country and governing the body were interlinked, and the theory of governing the country with medicine reflected the feelings of ancient doctors about home and country. The sudden outbreak has affected China and even the whole world. Epidemic prevention and control is actually a big test of the national governance system and governance capacity, with both experience and lessons. Since its establishment, (Yanqi Lake) Healthy Development Forum has taken the promotion of Healthy China as its own responsibility. The experts who participated in the discussion of "Public Health System Construction and Medical System Reform" were Tian Xueyuan, the chief expert of (Yanqi Lake) Health Development Forum, Song Xiaowu, former president of china society of economic reform, Liu Wanling, vice president of china society of economic reform, Huang Jianhui, president of China Minsheng Bank Research Institute, and Jiang Huicheng, chairman of Hainan Cancer Hospital.

  People-oriented: Thinking and Decision-making Choice of Deepening Medical and Health Reform

  Tian Xueyuan, Chief Expert of Health Development Forum (Yanqi Lake) and Member of Chinese Academy of Social Sciences.

  To sum up this fight against epidemic disease, the most fundamental lesson is that we should always stick to the people-oriented position and stick to and practice the ideological line of seeking truth from facts. This time, the CPC Central Committee and relevant departments adopted reasonable suggestions including Academician Zhong Nanshan and Academician Li Lanjuan, and decisively took the most severe measures to turn the tide, stop the epidemic from spreading and usher in a better situation in the whole country.

  First, actively promote the reform of rational and effective allocation of medical resources

  Medical reform has been carried out for many years, and many achievements have been made, but it is still not ideal. The main point is that there is no reasonable and effective allocation of medical resources, especially high-quality medical resources, according to market demand. Therefore, when the epidemic strikes, prevention, control, treatment, etc. are caught in a dilemma that is hard to cope with effectively.

  1. Expand and rationally distribute comprehensive 3A hospitals.

  First of all, in the first-tier cities such as Beijing, Guangzhou and Shenzhen, the top three hospitals will be expanded in scale. Secondly, to speed up and improve the construction of third-class hospitals in second-tier cities such as provincial party committees, big cities can take the lead. Thirdly, gradually expand to prefecture-level cities. First, we must adhere to high standards in the construction of top three hospitals. The second is to buy time. Strive to form a network distribution pattern of the top three hospitals in China in a relatively short period of time, such as three to five years, and make it a comprehensive medical and treatment center and backbone with reasonable distribution throughout the country.

  2. Establish a medical group led by a well-known and specialized hospital.

  For example, if Beijing Xuanwu (Brain), Tongren (Eye), Fuwai (Chest) and Jishuitan (Bone) Hospital take the lead, corresponding branches of provinces, autonomous regions and municipalities directly under the Central Government will be established. The lead hospital is mainly responsible for scientific and technological research and development, technical guidance, personnel training, regular rounds and other services. The local authorities are mainly responsible for hospital construction, administrative management and overall business operation. The group takes the state-owned as the main body, and can also adopt the joint-stock system and joint-stock cooperative system with the state-owned as the main body.

  3. Encourage the coordinated development of private and joint-venture small and medium-sized hospitals.

  This is the microcirculation system of the medical network system, and it is an extension and supplement of the state-owned backbone medical network, which is indispensable. It is necessary to form a medical grid structure that complements large, medium and small scales and combines state, collective and individual ownership.

  4. Scientifically promote the reform of integrated traditional Chinese and western medicine

  The combination of traditional Chinese and western medicine is a controversial topic for a long time. However, its role in the contemporary fight against malaria, influenza, SARS and COVID-19 has been confirmed by practice. Although it is not clear what the meridians of traditional Chinese medicine are, their functions in disease prevention, treatment and rehabilitation are obvious and objective. We should take the test of practice as the standard, seek common ground while reserving differences, learn from each other’s strengths and make up for each other’s shortcomings, and develop in a coordinated way. On this basis, it is summarized, accumulated and refined into a relatively systematic theory centered on anti-epidemic, disease prevention and treatment, and promotes the integration of traditional Chinese and western medicine into a new stage.

  Second, deepen the reform of the public health system

  Whether the epidemic situation including Covid-19 can be effectively prevented and controlled, as mentioned above, the medical system, system and affordability are the first to bear the brunt. However, the prevention and control of epidemic diseases is not only a medical matter. The prevention, treatment and rehabilitation of major infectious diseases involve monitoring, evaluation, policies, systems, supply, security, publicity, social coordination and many other aspects, and more belong to the public health system. In this sense, the Covid-19 epidemic is a severe test for the public health system.

  The essence of public health can be expressed as a scientific and social public system to prevent diseases and promote people’s health through monitoring and evaluation, policies and systems, guarantees and actions. In short, it is the science of disease prevention and control and its social public system. The following suggestions are put forward for the reform of public health system:

  1. Reform and improve the epidemic monitoring and evaluation system.

  There are some prominent contradictions and problems in the existing epidemic monitoring and evaluation system, especially which department is responsible, who is responsible for monitoring and evaluation and information release. For example, the National Health and Wellness Committee has institutions such as the Bureau of Disease Control and Prevention and the Health and Wellness Supervision Center. In addition, there is China Center for Disease Control and Prevention (China CDC), and corresponding branches have been set up in various provinces, autonomous regions and municipalities directly under the Central Government. These organizations are responsible for the prevention and control of diseases, especially epidemic diseases, with the aim of creating a healthy environment and promoting people’s health. However, in the face of the epidemic examination, such institutional setup has some problems, such as overlapping institutions, overlapping functions, low efficiency, and even delaying fighters, ineffective command, mutual blame and so on, which need to be changed and reformed urgently.

  To this end, first of all, clarify the responsible institutions for epidemic monitoring and evaluation. It is suggested that the National Health and Wellness Committee should assume the overall responsibility and set up a National Epidemiology Steering Committee composed of a deputy director, principals of relevant departments and relevant well-known experts. The steering committee is responsible for the review, approval and release of epidemic diseases, especially major infectious diseases. Secondly, at the same time, the National Epidemiology Administration was established, which was subordinate to the State Council, and its daily work was managed by National Health Commission. The National Epidemiology Administration is mainly responsible for monitoring and evaluating epidemic diseases, especially major infectious diseases, presenting epidemic reports and submitting them to the National Health Commission Epidemiology Steering Committee for review, approval and release.

  2. Formulate laws and policies to deal with epidemic diseases.

  It is necessary to strengthen the legal construction of epidemic prevention and control and introduce the Epidemic Prevention and Control Law as soon as possible. "Epidemic Prevention and Control Law" should embody the purpose of people-oriented and people’s health as the center. The provisions should absorb the common norms of the international community and proceed from the reality of China, which is a common law and regulation that is generally applicable to the prevention and control of various epidemics. At the same time, we should leave room to formulate national or local supplementary laws and regulations and corresponding policies according to the specific conditions of different epidemic diseases.

  3. Accelerate the construction of epidemic emergency facilities and logistics support.

  This sudden large-scale outbreak of the COVID-19 epidemic has caused medical and public health facilities, such as hospitals and sickbeds; The supply of materials such as masks and disinfectant is in short supply, which is quite scarce. After the epidemic, it is necessary to evaluate the consumption and demand of facilities and materials, and draw up a balance list of supply and demand of materials according to the actual material consumption of the number of cases, deaths and severe cases finally diagnosed during the epidemic. Taking this as a reference, the demand forecast of epidemic emergency facilities, high, medium and low logistics support is made, which provides a plan for coping with future epidemic logistics support.

  At present, the more economical way is to increase investment, improve quality, taste and scale on the basis of new temporary hospitals, vaccines and other new drug production lines built during the epidemic period, and strive to achieve scale and modernization and become a logistics support base to deal with various new epidemics. After the hospital is completed, it can be put into use to make up for the difficulty of seeing a doctor and being hospitalized. The production of new drugs needs to be scientifically determined according to market demand, and a reasonable reserve should be maintained on the basis of meeting current demand.

  The construction of public health system urgently needs to fill shortcomings and loopholes.

  Song Xiaowu, former deputy director of the State Council Northeast Office and former president of china society of economic reform.

  Since the fight against SARS virus in 2003, China has made great achievements in the construction of public health system, and achieved remarkable results in preventing and resisting H1N1 in 2009 and H7N9 and avian influenza in 2013. However, we should also see that the COVID-19 epidemic has exposed some shortcomings in the public health and medical service system, which is worth summing up and thinking about.

  First, there is a shortage of relevant professionals in the construction of public health system. According to national statistical data, the proportion of health personnel in CDC has dropped from 2.53% in 2009 to 1.53% at present, and the absolute number of people engaged in public health has dropped. In recent years, the country has put forward the development strategy of healthy China, and defined the guiding ideology of public health with prevention as the priority, but the actual situation shows that there is still a lack of corresponding implementation mechanism. For example, the cultivation and growth of public health talents should be a priority for the government to increase investment.

  Second, after the SARS epidemic in 2003, the state invested a lot of manpower and material resources to establish a direct online reporting system for legal infectious diseases. This system has played an active role in preventing the spread of several major epidemic diseases. However, in the early days of the outbreak of Covid-19, the online direct reporting system of infectious diseases failed for a time, and the public health and epidemic prevention system failed to play its due role in the early days. This lesson needs to be earnestly summed up and remembered in a realistic way, and the causes of the artificial expansion of the epidemic need to be deeply reflected.

  Third, patients and hospital doctors must be the first to find infectious diseases. How to organically combine social public opinion with the release of major epidemics through formal channels is a big problem that needs to be discussed. How to strictly control the reporting and publishing procedures of major epidemics, and properly handle the direct response of front-line doctors and the general public to epidemics is a major issue that needs to be addressed and studied in the construction of public health and epidemic prevention system. The construction of public health system should be coordinated with the reform of medical institutions. First, because the public health system is largely based on medical institutions. For example, medical treatment in the public health system, including infectious disease specialist hospitals, infectious disease wards in general hospitals, specialist prevention and control institutions, emergency departments of hospitals, pre-hospital first aid institutions and treatment institutions for occupational poisoning and nuclear radiation, are mostly related to hospitals and closely related to hospitals. Therefore, the construction of public health system can not be separated from the system reform and career development of medical institutions. Second, the jobs between the public health system and the medical service system are highly interchangeable and replaceable, and the mobility of medical staff between the two systems is very large. If the system connection between the two systems is not smooth and the operation mechanism is not harmonious, for example, the income distribution gap of medical staff at the same level is too large, which will lead to the unreasonable flow of medical staff. Therefore, in practical work, the construction of public health system cannot be promoted independently from the reform of medical institutions, and the two must be promoted in a coordinated manner.

  In addition, it is worth noting that we can’t use special measures in public health emergencies to measure the way of medical service provision under normal circumstances. The public health service system is closely related to the new medical service system, and there are also significant differences. Public health and epidemic prevention is the responsibility of governments all over the world. The government plays an unshirkable role in public health, but it does not deny the role of non-public medical institutions in providing daily medical services to residents.

  Eight countermeasures to promote the reform of medical and health system and mechanism

  Huang Jianhui, Dean of China Minsheng Bank Research Institute

  The public health shortcomings exposed by the COVID-19 epidemic have aroused widespread concern among the general public about the shortcomings of the current medical and health system and mechanism. We should respond to people’s concerns and accelerate the construction of public health system and the reform of medical system.

  First, straighten out the relationship between the government and the market, and promote the implementation of the medical reform policy as a whole.

  Promote the improvement of legislation and provide legal guarantee for the reform of medical and health system. Based on the Basic Medical and Health Law of People’s Republic of China (PRC), we will revise and improve the Social Insurance Law, the Law on Prevention and Treatment of Infectious Diseases, the Law on Traditional Chinese Medicine, the Regulations on Prevention and Treatment of Medical Disputes and other laws and regulations, and strengthen supervision according to law to increase the cost of violating laws and regulations.

  Fill in the shortcomings of public health management and form a development model of "paying equal attention to prevention and treatment". Improve the management level of CDC and strengthen its powers and responsibilities. The central government will directly lead and conduct vertical management to improve the emergency management ability of public health emergencies.

  Transform government functions. Promote "separation of management and administration" and "separation of government affairs" to improve the operational efficiency and service level of the medical service supply system; We will improve the coordinated promotion mechanism of medical care, medical insurance and medicine, and completely get rid of "supplementing medicine with medicine".

  Promote the supply-side reform in the field of drug production and circulation, and improve the drug supply guarantee system. Take multiple measures to accelerate the realization of a "full coverage, basic protection, multi-level and sustainable" medical security system. With the goal of "making the whole people enjoy fair and accessible health services", we will continue to improve and optimize the basic medical security system for all; Give full play to the supplementary role of commercial medical insurance; Effectively safeguard the safety of medical insurance funds and improve the efficiency of fund use.

  Two, to share the fruits of economic development as the guide, increase financial investment in health care.

  Gradually increase the proportion of medical and health financial expenditure. Clear the target of medical and health financial expenditure that is compatible with the level of economic development, and realize a moderate increase in the proportion of health expenditure in financial expenditure.

  Promote the rational use of financial funds. Increase investment in public health, innovative research and development, and medical and health education; Increase the input of resources in rural areas, grassroots areas and poverty-stricken areas in the central and western regions; Subsidize public hospitals to reduce medical expenses, and subsidize medical insurance to reduce residents’ direct medical expenses.

  Third, focus on strengthening the construction of a public medical system covering urban and rural areas and the whole people, and strive to reform the management system and mechanism.

  Promote the establishment of a public medical system covering urban and rural areas and the whole people. Accelerate the optimal allocation of medical resources at regional, urban and rural levels; Improve the graded diagnosis and treatment system of "first diagnosis at the grass-roots level, two-way referral, rapid and slow division and treatment, and linkage from top to bottom".

  Promote the reform of the management system of public hospitals. Change the current situation of direct control of public hospitals by health authorities; Strengthen the functions of health administrative departments and market supervision; Clarify the relationship between the government and the party group of public hospitals and the corporate governance structure of public hospitals.

  Improve the management mechanism of modern public hospitals. Establish a performance appraisal mechanism oriented to public welfare and operational efficiency, and a "patient-centered" service mechanism; Strengthen budget management and cost accounting mechanism; Gradually implement the filing system for public hospitals.

  Fourth, promote diversified, high-quality and efficient supply and demand matching

  Speed up opening to the outside world and actively develop private hospitals; Accelerate opening to the outside world and actively introduce foreign-funded hospitals.

  Fifth, actively deploy digital Internet medical care

  Be good at digital service process and introduce digital medical technology. Establish an Internet grading diagnosis and treatment platform and promote online appointment; Use cloud computing, big data, artificial intelligence and other technologies for monitoring and analysis, health management, technology research and development, emergency management, etc.

  Promote online diagnosis and treatment of "internet plus". Online follow-up visits for some common diseases and chronic diseases; Carry out telemedicine, health consultation and health management services; Establish a network medical science popularization platform to improve residents’ self-health management ability.

  Six, effectively protect the legitimate rights and interests of medical personnel.

  Gradually increase the average salary level of medical staff, take medical skills, patient satisfaction, clinical performance or the actual contribution of research to the clinic as the leading assessment indicators, and promote the legalization, rationalization and sunshine of medical staff’s income; Strengthen the protection of rights and interests and publicity and guidance to improve the professional dignity of medical staff.

  Seven, for the purpose of improving patient satisfaction, the establishment of medical and health consumer rights protection bureau.

  Set up health care consumer rights protection bureaus within health care committees at all levels, improve consumer rights protection mechanisms and measures in the field of health care, organize the acceptance, investigation and mediation of complaints about health care consumption, and carry out supervision, inspection, education and consultation.

  8. Strengthen international cooperation in the field of medical and health care and practice building a community of human destiny.

  Improve the international cooperation mechanism for dealing with major public health incidents and jointly safeguard world public health security; Strengthen international cooperation in pharmaceutical innovation and research and development; Promote the modernization of Chinese medicine industry, and continue to promote the integration of Chinese and Western medicine from the aspects of personnel training, theoretical research and clinical application.

  Seize the new opportunity brought by the epidemic to medical insurance reform

  Liu Wanling, Vice President of china society of economic reform.

  Medical security has played an important role in fighting the epidemic, and it has also deepened our understanding of the importance and necessity of accelerating the construction of medical security system. We should seize the opportunity of medical security reform brought by this epidemic and speed up the improvement of our medical security system.

  First, improve the medical treatment system during major epidemics.

  In emergencies such as sudden epidemic, in order to ensure that patients can be treated as soon as possible, medical institutions should treat them first and then charge them, giving priority to saving patients’ lives. Explore the establishment of a medical fee exemption system for special groups and specific diseases. Improve the proportion of payment to primary medical institutions, ensure the demand for funds, and simplify the settlement method.

  Second, establish a reasonable fund raising system

  Fund is the basic guarantee for the operation of medical security. The level of medical security should adapt to the level of economic development. We should proceed from the reality of China’s national conditions, adhere to the reasonable burden of the state, units and individuals, not only ensure the basic medical care for employees, but also consider the affordability of finance and enterprises, and establish a financing mechanism that is suitable for the basic national conditions in the primary stage of socialism, matches the affordability of all parties, and coordinates with the basic health needs.

  Third, improve the multi-level medical security system

  In view of the insufficient imbalance in the development of medical security, we will speed up the establishment of a multi-level medical security system with basic medical insurance as the main body and medical assistance as the foundation, supplemented by medical insurance, commercial health insurance, charitable donations and medical mutual assistance. In particular, we should learn from foreign advanced experience, accelerate the development of commercial health insurance, and make it an important supplementary level of medical security.

  Four, improve the medical insurance fund supervision mechanism

  The medical insurance fund is the "life-saving money" of the people. Maintaining the security of the fund should be the primary task. Strengthen the establishment of a systematic and integrated comprehensive supervision system, establish and improve a strict management and supervision system, implement a strict accounting system, and give play to the role of supervision of medical insurance public service institutions, departmental coordination supervision, third-party supervision and social supervision. Innovate fund supervision methods, make full use of information technology, implement real-time dynamic intelligent monitoring of big data, and establish a normal mechanism for supervision and inspection. Improve the social supervision and incentive mechanism of medical security.

  Vigorously promote the construction of public health emergency management system

  Jiang Huicheng, Chairman of Hainan Provincial Cancer Hospital

  In the process of epidemic prevention and control, the shortcomings and shortcomings of the public health emergency system were exposed. We should comprehensively improve the construction of public health and the capacity building of public health emergencies. Improve public health and medical service capabilities, speed up the improvement of major epidemic prevention and control systems and mechanisms in various regions, focus on the goal of "early detection, early reporting and early disposal", strengthen the information collection, analysis and utilization capabilities of disease control institutions at all levels, continuously strengthen the graded diagnosis and treatment mechanism, optimize the layout of public health resources, and strengthen grassroots infrastructure construction.

  The first is to build an intelligent emergency system. It is suggested to accelerate the construction of "Internet+Medical" platform, make full use of digital technologies such as big data, cloud computing and informatization, improve the data interconnection between public health platform and medical institutions, and realize the intelligence, informatization and convenience of emergency system for public health emergencies. Improve the concept, means and technology of "smart health" throughout the construction of emergency system for public health emergencies, accelerate the construction of a moderately advanced, interconnected, safe, efficient, intelligent and green modern infrastructure system, create an intelligent emergency system, and continuously improve the modernization level of governance system and governance capacity.

  The second is to improve the emergency material reserve system. Establish and improve relevant laws, regulations and rules and regulations around the material reserves for handling public health emergencies, so that there are laws and regulations for the management of materials for handling public health emergencies. The government reserve and enterprise reserve, non-governmental organization reserve and family reserve are adopted to carry out diversified emergency materials reserve for public health emergencies. In addition, we will improve the emergency material reserve system by building, rebuilding, leasing emergency material storage facilities and entrusting enterprises to purchase services.

  Only by promoting the construction of public health emergency management system can we enhance our ability to deal with public health emergencies.

Policy Interpretation of "Implementation Opinions on Promoting High-quality Development of Headquarters Economy in Shenzhen"

  1. What is the definition of the headquarters enterprise in our city?

  The "Implementation Opinions of Shenzhen Municipality on Promoting the High-quality Development of Headquarters Economy" (Shenfa Gaigui [2023] No.12, hereinafter referred to as the "Implementation Opinions") refers to a general institution that conforms to the strategic positioning of Shenzhen’s industrial development, contributes greatly to economic development, has strong strategic decision-making ability, and has a wide range of resource mobilization. It is necessary to meet the following basic conditions at the same time for holding enterprises or branches in a certain area to exercise headquarters functions:

  1. Industrial and commercial registration, tax registration and statistical relations are all in this city (including Shenzhen-Shantou Special Cooperation Zone);

  2. Not included in the list of serious untrustworthy subjects;

  3. Independent legal person enterprises or qualified partnerships, bank branches and franchisees, and branches of telecom operators.

  2. In what ways can it be recognized as a headquarters enterprise in our city?

  Enterprises can choose one of the following four ways to identify: according to the list, according to the market value or valuation, according to the economic contribution of the industry, and by signing an agreement on a case-by-case basis. Among them, the enterprises that apply for recognition by signing an agreement in a case-by-case manner shall be accepted by the municipal industry department in conjunction with the district where the enterprises are located (New District and Shenzhen-Shantou Special Cooperation Zone) and a cooperation agreement shall be drawn up, which shall be reported to the municipal government for approval after review by the Municipal Development and Reform Commission. Other enterprises applying for accreditation shall be accepted by the Municipal Development and Reform Commission or the competent department of industry and the district where the enterprise is located (new district, Shenzhen-Shantou Special Cooperation Zone), and the Municipal Development and Reform Commission shall organize relevant departments to be approved.

  Three, according to the list identified as our headquarters enterprises need to meet what conditions?

  The "Implementation Opinions" involves 12 categories of lists. The type of each list, the publishing agency of the list and the local financial requirements of the previous year are shown in the following table. If the applicant is selected into one of the lists (subject to the latest published list) and meets the relevant conditions, it can apply for recognition as a headquarters enterprise in our city.  

  Four, according to the market value or valuation of our headquarters enterprises need to meet what conditions?

  The "Implementation Opinions" stipulates that those who meet one of the following conditions may apply for recognition as headquarters enterprises in our city:

  1. The declared enterprises are listed at home and abroad, with an average market value of not less than 20 billion yuan in the previous year, forming local financial resources of not less than 40 million yuan. The average market value of the previous year is the arithmetic average of the market value of each trading day in the previous natural year (from January 1 to December 31 of Gregorian calendar, the same below), and those listed for less than one year are calculated according to the actual number of trading days;

  2. The applicant was selected into the latest Hurun Global Unicorn List or the Great Wall Strategic Consulting China Unicorn Enterprise List, and the local financial resources formed in the previous year were not less than 20 million yuan.

  Five, according to the economic contribution of the industry, what conditions do you need to meet for the headquarters enterprises in our city?

  In the Implementation Opinions, it is divided into 6 categories and 17 sub-categories. The operating income requirements of each sub-category in the previous year (the assessment index of municipal branches of banks is the average balance of local foreign currency deposits and loans at the end of the month) and local financial requirements are shown in the following table. Meet the conditions of one of the industry types, you can apply for recognition as a headquarters enterprise in our city.

  6. What conditions should be met for being recognized as a headquarters enterprise in our city by one-on-one discussion?

  The "Implementation Opinions" stipulates that enterprises that meet the basic conditions, conform to the city’s industrial development strategy and industrial policies, and have a major industrial supporting role or a leading role in science and technology shall be recognized after signing the headquarters economic development cooperation agreement with the approval of the municipal government. The headquarters economic development cooperation agreement shall be jointly drafted by the municipal industry department in conjunction with the local district (new district, Shenzhen-Shantou Special Cooperation Zone), and submitted to the municipal government for examination and approval after review by the Municipal Development and Reform Commission.

  7. What conditions do headquarters enterprises need to meet to enjoy the settlement reward?

  The "Implementation Opinions" stipulates that enterprises newly registered and moved in after the implementation of this policy, which are recognized as headquarters enterprises within five years after the establishment, can apply for 2 million yuan in the year of recognition, and can apply for 3 million yuan in the next year if they meet the review conditions of headquarters enterprises. Headquarters enterprises identified by signing an agreement in the form of one thing and one discussion shall be rewarded according to the agreement.

  Before the implementation of this policy, the headquarters enterprises that have been identified by signing an agreement will continue to be implemented in accordance with the original policy.

  8. What conditions do headquarters enterprises need to meet to enjoy the contribution award?

  The "Implementation Opinions" stipulates that headquarters enterprises that have met the accreditation conditions of headquarters enterprises for two consecutive years and have made comprehensive economic contributions in this city for two consecutive years can apply for this award. The headquarters enterprises involved in the strategic emerging industries and future industries in this Municipality will be rewarded according to the 5‰ increase in the comprehensive economic contribution of this Municipality in the previous year; Other enterprises shall be rewarded in accordance with the 2‰ increase in the comprehensive economic contribution of this Municipality in the previous year. The maximum reward amount is 20 million yuan.

  For example, if an enterprise submits an application for headquarters accreditation in 2022 and passes it successfully, and the comprehensive economic contribution of the enterprise in 2022 is greater than that in 2021 and both are positive, then the enterprise can apply for the contribution award of the headquarters enterprise in 2023.

  9. What conditions do headquarters enterprises need to meet to enjoy rental subsidies?

  The "Implementation Opinions" stipulates that for headquarters enterprises that do not have their own production and business premises in this city, they will rent their own production and business premises (excluding innovative industrial premises) in this city, and they will be given a maximum subsidy of 1.5 million yuan per year according to 50% of the actual rent of the previous year, with a cumulative period of no more than 5 years.

  Among them, the production and business premises refer to the properties that are used for office, factory building, commerce, warehouse, R&D and comprehensive building as inquired by the Municipal Real Estate Registration Center. Innovative industrial housing refers to the property that conforms to the provisions of the Notice of Shenzhen Municipality on the Management Measures for Innovative Industrial Housing (Revised Edition) (Shenfu Office Regulation [2021] No.1) and is filed on the Shenzhen Industrial Land Housing Supply and Demand Service Platform.

  X. What conditions do headquarters enterprises need to meet to enjoy the housing subsidy?

  The "Implementation Opinions" stipulates that headquarters enterprises that do not have their own R&D office space and premises in this city will be subsidized for the first time to purchase their own R&D office space at market prices in this city. The purchase of housing is located in the headquarters economic agglomeration area planned by the municipal government, and the maximum subsidy is 25 million yuan according to 10% of the purchase amount; Located in other areas of the city, a subsidy of up to 5 million yuan will be given according to 10% of the purchase amount. The subsidized purchase behavior must occur after the qualification of the headquarters enterprise is recognized, and the property shall not be sold within 10 years; If it is sold in advance, it will be refunded in full.

  Among them, the R&D office land refers to the land with the nature of new industrial land (M0) or commercial office land (C), and the R&D office space refers to the property whose house use inquired by the Municipal Real Estate Registration Center is R&D and office. The headquarters enterprises applying for housing subsidies need to provide the asset appraisal report and self-use commitment letter of the market value of the purchased R&D office buildings in the year of purchase issued by the third-party asset appraisal agency, and promise to purchase the office buildings for their own use, with relevant supporting materials such as photos for their own use. In the purchase contract, the buyer must be the headquarters enterprise, and the purchase behavior of subordinate subsidiaries and branches is not included in the subsidy scope. The scope of the headquarters economic agglomeration area shall be subject to the Layout Plan of Shenzhen Headquarters Economic Agglomeration Area, and if there are other supplementary provisions of the municipal government, those provisions shall prevail.

  XI. What supporting policies can headquarters enterprises enjoy?

  The "Implementation Opinions" stipulates that qualified headquarters enterprises can independently or jointly apply for headquarters land to build their own headquarters buildings, and enjoy preferential land prices according to relevant regulations. The specific policies and measures shall be formulated separately by the municipal planning and natural resources department. Managers of headquarters enterprises and other personnel who have made outstanding contributions in enterprise development and technological innovation can enjoy the talent award in this Municipality according to relevant regulations, and specific policies and measures shall be formulated separately by the municipal human resources security department.

  12. What service guarantee policies can headquarters enterprises enjoy?

  The "Implementation Opinions" stipulates that for qualified headquarters enterprises, it is proposed to establish a service mechanism for enterprises, set up a green channel for government services, increase support for entry and exit convenience, strengthen supporting public services, support headquarters enterprises to explore markets, and build headquarters economic clusters at a high level. Six service guarantee measures.

  13. What is the accounting scope of the operating income, local financial resources and comprehensive economic contribution of the headquarters enterprise? Does it include branches and subsidiaries?

  The "Implementation Opinions" stipulates that the operating income, local financial resources and comprehensive economic contribution of the headquarters enterprises shall be taken as the statistical accounting caliber by the reporting enterprises (including branches) and the enterprises in this city (including branches) that can be incorporated into the financial statements and actually controlled. Subsidiaries with headquarters enterprises holding more than or equal to 50% of shares can be directly included in the scope of statistical accounting; A subsidiary with less than 50% of the shares held by the headquarters enterprise shall provide the audit report of the headquarters enterprise to prove that the subsidiary can be merged into the financial statements of the headquarters enterprise or included in the statistical accounting scope.

  The list of subsidiaries and branches included in the statistical accounting of headquarters enterprises shall not be changed at will, and subsidiaries and branches shall not be added in principle except for newly established, newly moved in and newly controlled subsidiaries and branches in the previous year; In principle, subsidiaries and branches shall not be deleted except for new cancellation, new emigration and new withdrawal from holding in the previous year. Except that the subordinate company applies independently for the identification of the headquarters enterprise.

  14. What is the local financial resources formed by the headquarters enterprises?

  According to Article 2, Part VI of the Implementation Opinions, the formation of local financial resources refers to the fact that enterprise income tax, value-added tax, urban maintenance and construction tax, stamp duty, local education surcharge, education surcharge, property tax, urban land use tax and cultural undertakings construction fee are included in the local share during the tax storage period of the city, and the tax refund is not deducted.

  Regarding the calculation of local financial resources, under normal circumstances (not involving the settlement of branches), the enterprise income tax is retained at 40%, the value-added tax is retained at 50%, and other taxes and fees stipulated in the Implementation Opinions are retained at 100%. The calculation of local financial resources shall be based on the actual warehousing tax in the natural year.

  Fifteen, how to calculate the comprehensive economic contribution of headquarters enterprises?

  The comprehensive economic contribution is calculated by the sum of four indicators: depreciation of fixed assets, wages and salaries, profits of enterprises and R&D investment. The depreciation of fixed assets, wages and salaries, and corporate profits are obtained from the statistical annual reports of the "Four Up" enterprises and financial enterprises that have been put into storage (see Table 3 for the report numbers and names of various industries), and the R&D investment is obtained from the annual corporate income tax return A107012. When an enterprise applies for contribution award, it must submit the PDF file of the annual statistical report and the annual tax return of enterprise income tax.

  1. The depreciation of fixed assets is the "depreciation of this year" in the statistical annual report;

  2. Wages and salaries refer to the "employees’ salaries payable (the accumulated amount of credit in this period)" in the statistical annual report, in which the financial industry refers to the "total wages of employees";

  3. The enterprise profit is the "operating profit" minus "investment income" in the statistical annual report;

  4. R&D investment is "the total amount of R&D expenses plus deduction this year" divided by "the proportion of plus deduction".  

  Sixteen, how to determine whether it belongs to the headquarters enterprises involved in the strategic emerging industries and future industries in this city?

  With regard to the determination of strategic emerging industries and future industries in this city, among the headquarters enterprises and subsidiaries included in the data range of the headquarters enterprises, those enterprises that were included in the statistics of strategic emerging industries and future industries in our city last year formed local financial resources, accounting for more than or equal to 50% of the overall local financial resources of the headquarters enterprises, belonging to headquarters enterprises involving strategic emerging industries and future industries in this city.

  For example, headquarters enterprise A has four subsidiaries, A1, A2, A3 and A4, which are included in the data range of headquarters enterprises. The local financial data are as follows:  

  Among them, A, A1 and A2 are included in the statistics of strategic emerging industries and future industries in our city in 2022. The local financial resources are 2000+1000+500 = 35 million yuan, and the overall local financial resources of headquarters enterprises are 2000+1000+500+1000+1500 = 60 million yuan. The proportion of local financial resources of enterprises included in the statistics of strategic emerging industries and future industries in our city in 2022 to the overall local financial resources of headquarters enterprises is 3500/6000=58.6%>50%, so headquarters enterprise A is a headquarters enterprise involving strategic emerging industries and future industries in our city.

  17. Do the qualifications of headquarters enterprises need to be reviewed annually?

  The "Implementation Opinions" stipulates that the Municipal Development and Reform Commission is responsible for organizing and implementing the annual review and dynamic adjustment of headquarters enterprises, and reviewing unqualified enterprises for two consecutive years to adjust the list of headquarters enterprises. For the headquarters enterprises identified by signing the cooperation agreement, after the expiration of the agreement, the qualification shall be reviewed according to the corresponding list, market value or valuation, industry economic contribution and other identification standards. If the headquarters enterprise is affected by force majeure and other factors, which leads to the unqualified review for two consecutive years, the Municipal Development and Reform Commission shall, jointly with the competent department of industry, verify and form a review opinion and report it to the municipal government for examination and approval.

  Eighteen, headquarters enterprises how to apply for rewards and subsidies?

  The Municipal Development and Reform Commission will focus on organizing headquarters enterprises to declare awards and subsidies every year, and issue declaration notices and guidelines in official website. Headquarters enterprises can apply for settlement awards, contribution awards, rental subsidies and house purchase subsidies in accordance with the relevant provisions of the Implementation Opinions and reporting guidelines. In principle, the same type of awards and subsidies at the municipal level shall not be enjoyed repeatedly.

Hubei: Building a Demonstration Zone of a Powerful Traffic Country and Building a "Motherland Overpass" in the New Era

People’s Network is a large-scale online information exchange platform built by People’s Daily, a media culture listed company controlled by People’s Daily, and one of the largest comprehensive online media on the Internet. On January 1, 1997, People’s Daily Online was officially launched. On July 1st, 2006, the Central Committee of the Communist Party of China approved the launch of "China communist party News Network" hosted by People’s Daily, and became an authoritative website to publicize and introduce the Communist Party of China (CPC)’s thoughts, theories, policies and information.

Exclusive planning | 3 years, 1 billion, who will be the next "Life Events"

Special feature of 1905 film network Late spring and early summer are the seasons when rain and dew nourish the soil. The same is true of the film industry.


Many film weeks have released relevant plans one after another, or started to recruit new season projects; Or officially announce the new reserve project. The brand-new venture capital project official announced that in the next half month, the director will work with other filmmakers to select the most potential projects in the future.



In the recent Wave Film Week, China Film Co., Ltd. launched the China Film Young Filmmaker Program, and announced that it will launch the China Film Young Filmmaker Program for three years this year, with a total investment of 1 billion, and plans to launch 30-50 works of young filmmakers, with an average investment of 20 million. From development, script, production to publicity and distribution, it will provide one-stop services for the whole industry chain, focusing on supporting films with commercial value and genre narrative.

There are often young filmmakers’ plans and venture capital projects, and almost every time they use brand-new words to package similar purposes and input brand-new blood for the film market. However, it is worth noting that Fu Ruoqing, chairman of the Board of Directors of Ocean Film Week and chairman of China Film Co., Ltd., stressed this time that the focus should be on supporting films with commercial value and genre narrative.


Coincidentally, H in Hainan Island International Film Festival! Action Venture Capital Association is also a slogan of "brand label of venture capital with’ commercial’ and’ genre elements’ as the core, providing a broader world and better opportunities for commercial films". The "Zhijiang New Director Plan" venture capital of the 2023 Youth Film Week (Zhejiang) was also clearly established as a type venture capital.



It can be seen that it seems that more and more film festival venture capitalists are paying more and more attention to the future development of these films in the market while pursuing the ability of new directors. Perhaps it is also a signal behind it, which is worth studying.


01.


It is difficult to make genre films, but it is difficult to make commercial genre films. It has strong requirements for directors, and at the same time it has a deeper understanding and exploration of funds and markets.


This is a lifelong lesson for many directors. Many young directors, in particular, pay more attention to the author’s self-expression in their creation, ignoring the market. In their debut or long-term creation, they all favor art films with weak commercialization, which is what everyone usually calls "literary films".


But in fact, it seems that there has never been a strong division between commercial films and art cinema, but usually everyone seems to be different from the "genre" itself, such as suspense, youth, action, science fiction and comedy, which are the mainstream types in the market.


For example, the first batch of selected films that China Film Young Filmmakers plan to announce this time: Looking for Cows, Cabbage Roses, Unaccompanied, Crazy Turn, An Unnecessary Movie, Underground Fire, Goodbye to Our Kindergarten, My Wild Friends, Friends from afar and Six Degrees of Suspicion.


These films include suspense, crime, comedy, family, adventure, youth, music, children and many other film types.


The most concerned thing is that A Very Unnecessary Movie is the sequel of the online movie A Very Unnecessary Spring Festival Evening directed by Wang Yinglun. It is understood that this movie will still be a pseudo-documentary movie with absurd style.


This inevitably makes people think that the same fake documentary films attracted high attention at the beginning of the year, and also gained the attention of the industry and fans because of online works. The Cosmic Exploration Editorial Department won the "Best Original Screenplay Award" as early as 2019 China Science Fiction Conference.


Although "Cosmic Exploration Editorial Department" seems to be a film with a small volume, its own market return rate and the director’s control of commercial rhythm in creation have blurred the public’s previous cognition of "commercial film" and "art film".



He stood out from the "Bad Monkey 72 Change Movie Plan" and directed the film and the director. Although the latter film has not been released yet, it has now been transformed and guaranteed to be the producer of two works, My Wild Friends and Friends from afar, in the "China Film Young Filmmaker Plan".


It is worth mentioning that, from the perspective of box office, the most successful way to support young filmmakers in China so far is the "Bad Monkey 72 Change Movie Plan" launched by Bad Monkey Film. Not to mention, the box office of "Beneficiary" in bidding for the Olympic Games alone has far exceeded the box office of many planned projects.


Perhaps with these experiences, we can also have more experience in bidding for the Olympic Games to face the new directors in the market and how to use their works to better talk to the audience.


Apart from the film list, the most attractive thing about the "China Film Young Filmmakers Program" is that the total investment promised in the first phase is as high as 1 billion yuan, of which 500 million yuan is funded by China Film itself, and the other 500 million will be jointly invested by industry companies with resource advantages after the film project is selected.


Compared with many venture capitalists in the past, this fee is already a large amount, covering almost the full budget of mainstream small and medium-cost commercial films. The purpose is also very clear. The plan serves both creators and investors.



Fu Ruoqing bluntly said that the creators who have commercial expressions and genre narratives are recruited and supported, and they will not focus on the author’s films and films that are too literary. They hope to provide good films for commercial cinemas and hope that creators will have awe in the market.


02.


Judging from the strong commercial film support of "China Film Young Filmmakers Program", people can’t help but think of the H! Action venture capital association.


H! Up to now, Action Venture Capital Association has produced many excellent projects. But among them, only the first project — — Directed films, as well as those that are being shown.



Although the theme types of the two films are either comedy or love, it is difficult to link them with commercial films in the end. The former box office was only over 5 million yuan, while the latter only broke 12 million yuan.


This dilemma is not only H! Action Venture Capital will encounter it, as well as the "Zhijiang New Director Plan" that ended last month.


In the delivered projects, besides those with commercial development potential, there are still a large number of works that tend to be expressed by the author, especially in their WIP (Work in Process) units. It is understood that in the WIP unit, both the delivered works and the finalists are mostly art cinema.



This in itself has higher requirements for venture capital judges, and more possibilities are needed in the later incubation process of the project.


Is a good example. The original name of the project was shortlisted for the venture capital activity of Pingyao International Film Festival, which is a solid story, but in essence, the commercial attribute is not so strong. However, in the later stage of the film, with the blessing of directors and actors, the film attracted high attention in the market, and finally achieved over 1.712 billion box office results.


Perhaps for many commercial film venture capitalists or young directors, they are eager to launch their own market feedback works of "Life Events".



A filmmaker admits that this kind of plan requires higher requirements for young directors, and it is not only a matter of funds for venture capital itself, but also requires a more professional production team to have higher constraints on it. "I have passed through many projects, some of which are very good, and I may have the opportunity to go to the film festival, but when it comes to the market, the box office is worrying."


In particular, he pointed out that the cultivation of commercial films is not only beneficial to the directors themselves, but also to the whole film market. When more works really enter the film industry and the film industry, a mature two-way interaction between "author and audience" can be truly formed.


Just look back at the ten young filmmakers’ support projects in the market. In the process of the whole industry becoming more mature, these projects also need to be more diversified, truly market-oriented and form a healthy film ecology.


For a long time, audiences prefer to watch commercial movies with China feelings, but how to make such movies more and more requires these venture capital and support plans. Nowadays, more and more people are picking trees and waiting for the final fruit.


Porsche’s new crossover is here, and it’s a man’s luxury car

In terms of appearance, the new Cayenne coupe is the same as the ordinary version. The biggest highlight is the back shape. The overall shape is very dynamic, and there is a very large spoiler at the rear, which is also a more imposing place than the ordinary version of the Cayenne model. And the distance between the door and the trunk cover of the new Cayenne coupe is very long, so it can also fully ensure the safety of the people in the car.

The interior workmanship of the 19 Cayenne is relatively fine; the configuration is relatively complete; the comfort of the seat is better; the configuration of the automatic heating of the steering wheel and the design of the armrest next to the seat is more user-friendly; the optional configuration such as panoramic sunroof and compass caters to the needs of some consumers to pursue individuality. The interior is luxurious beyond your imagination, and the space is more abundant; the interior workmanship is fine and the configuration is relatively rich; the control performance is good; the safety factor is high. The appearance of the imported version of the Cayenne has changed relatively little. The new Cayenne has less changes in appearance. The overall line is not much different from the old model. The front face of the new Cayenne is more obvious. The headlight group adopts a full LED light source and iq.light headlights, which illuminate a longer distance at night and have a longer

The length of the car is 4932mm, the width of the body reaches 1995mm, the wheelbase is 2895mm, and the standard data is moderate. Among the models of the same class, the wheelbase of the Cayenne ranks 87th. Among the models of the same price and class, the trunk volume of the Cayenne ranks 64th. The space is relatively regular, there are no obvious protrusions, and the overall loading capacity is good.

The Porsche Cayenne is equipped with a combination of 4.0 twin-turbo engine (direct injection) and automatic hand (AT). The whole power parameter, the power performance is superior in the same level of engine, which can provide better power performance. The official measured zero-hundred acceleration score of the Cayenne is 3.3S, ranking 50th among SUV models above 800,000.

Cayenne’s active/passive safety configuration is comprehensive, includingAutomatic parking,Zero tire pressure endurance tires,Automatic parking,Steep slope,uphill assist,Knee airbag,HUD head-up display,Anti-lock braking (ABS),Brake force distribution (EBD/CBC, etc.),Brake assist (EBA/BAS, etc.),Traction control (ASR/TCS, etc.),Active Noise Cancellation,Engine start stop,Side safety air curtain,Mobile phone wireless charging,Night vision system,LED daytime running lights,Front reversing radar,Tire pressure monitoring,Steering wheel heating,Body stability control (ESP/DSC, etc.),Rear reversing radar,Fatigue reminder,Remote parking,Child seat interface,Lane Keeping (LKAS)Wait for the configuration.

Of which,Automatic parkingIt can avoid stepping on the brakes for a long time or needing to pull frequently.Steep slopeIt can safely pass through steep slopes at low speeds.Knee airbagReduce the damage to the occupant’s knee in the vehicle interior during the second collision.

If the above data, participation, etc. do not provide a comprehensive understanding of Cayenne, then we can give you a more comprehensive reference based on the word-of-mouth information of users who have purchased Cayenne in history. You can see that what you are most satisfied with about Cayenne is that its navigation is very easy to use. In addition, the appearance is too handsome and the space is enough.

Denza Z9GT listed, limited time 33.48-41 4,800

On September 20, officially listed, the limited price range of the new car 33.48-41 4,800 yuan, according to the power form and configuration of different new cars a total of 5 models for users to choose from. Vehicle positioning in large cars, there are pure electric and plug-in hybrid two power systems…… At this conference Z9GT also launched the first version of the model, limited to 2010 units, only support pre-sale users to buy online.

WeChat image _20240921144215

PSTL8133

Looking at the new car, the Tengshi Z9GT is equipped with Easy Tripartite, which consists of four core technologies: three-motor independent drive technology, rear-wheel dual-motor independent steering technology, VMC vehicle motion control technology, and all-series CTB battery body integration technology. Based on the Easy Tripartite technology platform, the Tengshi Z9GT has five functions: extreme steering, compass U-turn, easy three-way parking, low-attachment road stabilization system, and intelligent crab travel.

DSC09234-A003c-Submission ok

At the level of intelligent driving, Tengshi has developed its own on-board computing platform, established a perception laboratory, and established an end-to-end large model team and AI supercomputing center. Tengshi Z9GT will be the first to use BAS 3.0 + superhuman driving assistance, which can realize full-scene driving assistance such as high-speed navigation without pictures, city navigation without pictures, automatic parking, and valet parking.

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In the chip, the Z9GT is equipped with BYD9000 custom chip, using 4nm process and Armv9 architecture, at the same time, the car 10 screen interconnection, any screen can be linked separately, multi-screen sharing, and has 32 million pixel central control camera.

20240918-DSC00532A003- submissionIn terms of smart cockpit, the Tengshi Z9GT is equipped with handcar interconnection, self-developed parking service platform, and lane-level navigation. For example, when leaving the parking lot, the payment code will appear on the mobile phone and the car at the same time. In addition, the Tengshi Z9GT also combines AI technology with functions such as smart Q & A, travel strategy, and AI painting workshop.

2024 9 2 Guangzhou Tengshi 3752-003-Stratification

In terms of design, the appearance of the Tensi Z9GT was designed by Wolfgang Iger, the design director of BYD Group, using the elegant design language of the new design concept Elegance in Motio. The body proportions are slender, the body attitude is rearward, and the overall design elements are greater than 3 times the axle ratio and nearly 2 times the wheel height ratio.

2024 9 2 Guangzhou Tengze 0296-A004k-Submission okThe new car is equipped with a Tivale theater-level sound field, and the frequency response can be lower than 20 Hz. With Dolby Atmos, it brings a more three-dimensional and surround feeling. A large area of leather soft bags in the car is matched with solid wood accessories. The center console is equipped with dual 50W wireless super charging floating islands, as well as multi-theme ambient lights, Hi-Fi music headrests and other configurations to enhance convenience and practicality.

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Thanks to the integrated technology of the entire CTB battery body, the Tengshi Z9GT has considerable interior space. The co-pilot is equipped with a zero-gravity floating seat, and the front and rear seats are equipped with ventilation, massage, and heating functions. In addition, the Tengshi Z9GT is also equipped with the Yunnian-A intelligent air body control system, which effectively buffers the roll and pitch of the body, realizes the dynamic adjustment of the body control, and cooperates with the preview function. It can also predict the road conditions in advance, and pre-adjust the vehicle shock absorber according to the road condition information. In addition, the Tengshi Z9GT is also equipped with dual intelligent heating and cooling dual refrigerators.

20240911 Dengshi z9A002-DSC09713-Submission

?In terms of body structure, the Z9GT adopts a multi-ring escape armor design to effectively disperse the collision energy. On the passive side, the whole system is equipped with 10 airbags as standard. Thanks to the easy three-party technology, the Z9GT’s low-attachment road stabilization system maximizes the stability of the vehicle when driving on ice, water, or folio roads. When driving at 140km/h, the tire is blown at high speed. The high-speed tire burst stability control allows the vehicle not to roll or deviate.

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In terms of power, the Z9GT offers pure electric version and plug-in version models, using the "Easy Three-way" vehicle intelligent control platform, all equipped with the system. The total power of the pure electric model motor is 710 kW, the total power of the plug-in hybrid model motor is 640 kW, and the 2.0T turbocharged engine provides 207 horsepower (152 kW) with a maximum speed of 240km/h and 230km/h respectively. Among them, the plug-in hybrid model has a maximum battery life of 1101 km (201km pure electric battery life), and the pure electric four-wheel drive has a battery life of 630km.

Text/Yasuo

Wanda Film reorganization, Wang Jianlin Wang Sicong father and son cash 2.70 billion, is to collect money or cut meat?

Original title: Wanda Film reorganization, Wang Jianlin Wang Sicong father and son cash 2.70 billion, is to collect money or cut meat?

Author/Jia Yang, Chihiro

When the class A share film and television company was lamenting in the capital battle, Wanda Film, which had been suspended for nearly a year, threw out a restructuring plan – priced at 11.619 billion yuan and purchased 96.83% of Wanda Film and Television.

It seems that it is the sale of Wanda’s assets "left hand to right hand", but a discerning person can see the key to the problem at a glance: Wang Jianlin and his son have cashed out?

Entertainment CapitalAfter carefully analyzing the transaction structure, we found that the truth is not so simple.

It is not so much "cashing out" as "making a profit", and this is bound to go through a complex game of interests and multiple compromises.

In theory, Wang Jianlin and his son can indeed cash out nearly 2.70 billion yuan in the reorganization. But this is not their initiative, but triggered the relevant regulations of the Securities Supervision Commission on the short-term operation of major shareholders in the secondary market, and had to take cash. In addition, the money is not only paid in 3 years, but also stipulates strict gambling terms. Assuming that Wanda Film and Television does not complete the bet, 100 million less than the target, Wang Jianlin and his son will pay the listed company 1.30 billion…

Not only that, the price of Wanda Film and Television’s injection (about 13 times PE) is far lower than the current market price of film and television companies (24 times PE), and even lower than the valuation of the previous round of pre-IPO financing.

You know, the pre-IPO of Wanda Film and Television was still in early 2016, coinciding with the valuation peak of the film and television capital markets. Wanda’s bosses only sent a Moments, which easily raised billions of funds.

Now, film and television stocks are facing a cold winter, and Wang Jianlin’s demands are also very clear, and contradictions are divided into priority and priority. Advancing the listing of Wanda Film and Television as soon as possible is the first priority. It is necessary to reduce the valuation and obtain rapid regulatory approval, and use high cost performance to win the active endorsement of secondary market capital, so as to ensure the safety of the entire group’s funds.

After all, this is the rational and cold Wang Jianlin, not Jia Yueting who "runs blindfolded".

Wanda Film’s predecessor was the listed company Wanda Cinema (which had acquired Time Network), while Wanda Film and Television is mainly Wanda’s film and television production business, which has not been integrated into the listed company.

As early as 2016, Wanda Film and Television had a plan to inject assets into a listed company. At that time, the asset package also covered the legendary film industry that Wanda had just acquired. It was necessary to sell it to a listed company at a 37.20 billion price. But under the harsh environment of capital markets, in the end, Wanda voluntarily gave up.

This wait is two years.

This time, the injected asset package excludes the "big loss-making" Legendary Film Industry, and adds the new media Eslite (Wanda’s TV drama production asset, the production of "Breaking the Sky" is about to be broadcast).

Due to the change in assets, the transaction size has dropped significantly from the previous 37.20 billion to 11.60 billion.

In this merger, the listed company Wanda Film will purchase the equity of Wanda Film and Television shareholders through cash and issuance of new shares. After injecting Wanda Film, Wanda Film and Television made a performance commitment of 3.228 billion yuan in cumulative net profit for three years.

When the announcement came out and saw the following agreement, many people in the market tut-tut: The Wang father and son have cashed out!

Wanda Film said in the announcement that the underlying asset consideration held by Wanda Investment is 2.693 billion yuan, which is paid by Wanda Film in cash; the underlying asset consideration held by other parties is paid by non-public issuance of shares.

This Wanda investment is carried out by Wang Jianlin and Wang Sicong father and son through the shareholding, the two people together hold 100%. In theory, Wang Jianlin father and son can cash out nearly 2.70 billion yuan in the restructuring.

But in fact, taking cash may be a no-brainer.

According to Article 47 of the Securities Law, directors, supervisors, senior managers, and shareholders who hold more than 5% of the shares of a listed company shall sell their shares in the company within six months after purchase, or buy them again within six months after sale, and the proceeds therefrom shall belong to the company, and the company’s board of directors shall recover the proceeds.

What does this mean? That is to say, in secondary market stock trading, the Securities Supervision Commission does not allow major shareholders to buy and then sell, or sell and then buy within six months. This triggers the Securities Supervision Commission’s short-term trading rules.

According to the conditions in the announcement, in order to get the 2.70 billion yuan, the Wang father and son need to meet the following conditions:

First, 2.70 billion paid over three years.After the delivery, the listed company paid 1 billion yuan to Wanda Investment; after the first annual report, paid 900 million yuan; after the second annual report, paid the remaining 792,885,650 yuan transaction consideration.

Second, the cash payment transactions of Wanda Investment are tied to the gambling agreement.According to the announcement, before the payment of the second and third installments, if the performance commitment party Wanda Investment fails to complete the performance commitment and needs to compensate, Wanda Film will directly deduct the corresponding amount from the price.

Wanda Film board secretary Wang Huiwu further explained to Entertainment Capital that this compensation is not equal, but has an amplification effect. According to the amplification formula announced in the announcement, assuming that Wanda Film and Television has a difference of 100 million in 2018 to complete the bet, then Wanda Investment needs to compensate the listed company for 1 divided by 3.20 billion, and then multiplied by 12 billion.

In this process, Wanda Investment not only cannot easily cash out, but also has to bear some risks for other shareholders.

Since Wanda Film and Television has 21 shareholders in this transaction, under normal circumstances, if Wanda Film and Television does not complete the bet, each shareholder should compensate the listed company according to the proportion of equity held. However, according to the announcement, this is equivalent to Wanda Investment holding only 22% of Wanda Film and Television’s shares, but it bears 100% of the compensation liability. As long as the bet is not completed, it will be compensated by the major shareholders.

Referring to the announcement of Oceanwide Holdings in early 2016 (purchasing 6.61% of Wanda Film and Television for 1.058 billion yuan), it can be estimated that the valuation of Wanda Film and Television at that time was 16 billion. And the asset package of this acquisition added New Media Eslite (valuation 1 billion) and Mutual Love Interactive (valuation 259 million),The overall valuation has instead fallen to 12 billion.

There are old investors in the stock bar who commented that sending it to the listed company at this price is completely a loss-making deal. No wonder this time it is only buying 96.83% of the shares instead of 100%. The remaining 3.17% of shareholders may be "nail households" who feel that the price is too low and will not sell.

Wanda Film and Television’s valuation value in this transaction is 12.002 billion, the initial carrying value is 5.08 billion, and the value-added rate is 136.25%. This value-added rate is not high in the film and television industry. In terms of the review required for the acquisition of listed companies, it is about 13-15 times the level, while Wanda Film and Television is installed into Wanda Film at 13 times the valuation. After the class A share media sector fell sharply, PE still has 24 times.

It is worth noting that, in addition to Wanda Investment, the other 20 investors, the private equity investors gave up the opportunity to cash out, the most obvious reason is that the valuation is too low, and it is more cost-effective to hold the shares of listed companies to share the later rising dividends.

Huace insisted on part of Wanda Film and Television’s equity in the first quarter of 2017, and received a return of 18 million yuan according to media reports

Entertainment CapitalIt has been discussed in depth before,The capital of the film and television industry is experiencing a ebb period in the past two yearsIt is not surprising that the valuation at that time has shrunk today. The initiative to lower the valuation is also to reduce the resistance in terms of supervision and promote the injection of assets into listed companies as soon as possible.

This is not a good time to list or set an increase. The entire class A share has been in a state of trade war + tight capital panic recently, and film and television stocks are one of the most obvious sectors for capital flight.

Shenwan cultural media sector has declined by more than 20% since the beginning of the year.

Zeng Maojun, president of Wanda Film, told Entertainment Das Kapital that no one can predict the trend of the capital markets. You think it is a bad time, and some people think it may be a good time. For leading enterprises, it is always good. Because the industry is not good, it means that the industry may be reshuffled. Who is likely to concentrate better resources? It must be the leader of the industry. Just like the Baijiu industry crisis brought about by the prohibition of alcohol gave birth to the trillion-dollar market value of the leader Moutai.

Concentrating resources at industry lows is an enterprising enterprise, and injecting assets during capital lows, as mentioned above, is the financial pressure behind the enterprise. Wanda Group’s real estate business is not very smooth when it returns to class A shares and film resources are injected into listed companies. The pressure on related repurchase agreements is great.

Wanda Commercial promised in September 2016 that if it failed to list on class A shares within two years, it would buy back a total of 14.41% of its shares and pay 10% to 12% annual interest. When Wanda Group purchased Legendary Pictures in January 2016, it promised that if it failed to inject Legendary Pictures into Wanda Film’s listing within 12 months, investors would receive a 15% annual interest return. Despite changes to the follow-up agreement, pressure from investors has been ongoing.

Winning the support of investors with a restructuring plan that cuts its own meat and gives profits, and relieving the repurchase pressure, for Wanda, it is to solve the main contradiction first and then consider the secondary contradiction.

In order to ensure the fairness of the transaction, the two sides made a bet. Wanda Film and Television promised that the net profit in 2018-2020 shall not be less than 888 million, 1.069 billion and 1.271 billion. If the profit does not meet the standard, Wanda Investment will compensate the listed company according to the method agreed in the agreement.

With the profitability of Wanda Film and Television, is this bet high or low?

In 2016, Wanda Film and Television’s net profit was 364 million; in 2017, the net profit was 597 million. According to the 64% net profit growth rate in 2017, Wanda Film and Television’s net profit in 2018 can reach 979 million. What’s more, it has been disclosed in the announcement that Wanda Film and Television achieved 407 million net profit in the first quarter of 2018, and completed 45.83% of this year’s gambling commitment in just one quarter.

But it is worth noting that in the first quarter of this year’s report, Wanda Film and Television completed a total of 4.38 billion box office, and only one "Detective Chinatown 2" contributed 3.38 billion box office. In the second half of this year, or even next year and the next two years, whether it can continue to produce such a explosion is uncertain.

Wanda film and television how to complete the 3-year 3.128 billion performance bet? Zeng Maojun gave two major plans.

The first is to increase the number of movies, and to increase the non-box office revenue part of the movie revenue. In his opinion, no one can guarantee the box office of every movie, but 10 movies can have the probability of profitability, as long as the number is enough, it can spread the risk.

Secondly, it relies on TV series and games to make up for the income instability brought by film projects. This is also the reason why it is committed to loading the previously acquired company New Media Eslite into the listed company.

"The Wanda Film and Television team doesn’t do TV dramas, we do functional segmentation, and in the future TV dramas will be done by the platform of New Media Eslite. But all IP can form a linkage between movies, TV and games," Zeng Maojun said.

For example, the TV series "Breaking the Sky" produced by Wanda Film and Television has now been completed and is being posted productin. It will be broadcast on Hunan Satellite TV and Tencent platforms this year, and some profits have been locked in. At the same time, the TV series has planned a second and third season in addition to the first season, as well as movies and games with the same IP.

That is to say, in addition to getting the purchase price of the drama on the broadcast platform in advance, Wanda Film and Television will also enjoy the game sharing rights, movie box office sharing rights, derivatives sharing and many other benefits of "Fighting Sky". Even Wanda Film and Television has started planning the theme park of "Fighting Sky".

In addition to "Fighting the Sky", Zeng Maojun also revealed a series of web dramas, movies, games, and theme parks. For example, "Tang Tan" also started the development of web dramas and anime this year; "Dragon Hunting" series of games and theme parks, there will be a different form of IP project every year or two in the future.

Since Disney recently announced the acquisition of Fox, one of the reasons is to control the streaming video platform Hulu and compete with Netflix, which has surpassed Disney in market value. The threat of streaming media to traditional entertainment giants is imminent. Wanda Film and Television has also begun to explore streaming media in addition to its original business.

Zeng Maojun said that it will launch an online cinema chain and cooperate with film and television copyright holders in the mode of sharing accounts, which will be launched within this year.

Wanda’s acquisition of Legendary Pictures was seen as a landmark deal for Chinese capital to attack Hollywood.

If you count the valuation of Legendary Pictures alone, in early 2016, Wanda Group spent 3.50 billion dollars when it acquired, which was about 23 billion yuan at that time.

When Wanda Film and Television first announced the loading of a listed company in 2016, in addition to the production business of Wanda Film and Television itself, it also included the legendary film industry acquired by its Qingdao Film Investment Company and the film and television base Qingdao Movie Metropolis. The valuation at that time was 37.20 billion.

But soon after, Wang Jianlin said in an interview with the Financial Times that Wanda planned to separate Legend from its listing plans because Legend’s performance in 2016 was not satisfactory.In fact, Legendary Pictures has been acquired before two consecutive years of losses totaling 5.87 billion yuan, debt of more than 9 billion yuan.

The Sino-US co-production blockbuster "The Great Wall" released at the end of 2016 is a film jointly produced by LeTV Pictures, Legendary Pictures and Universal Pictures. It cost 150 million US dollars, and finally the world is about 1.20 billion. But neither the content nor the box office has met market expectations. Wanda’s expectations are that the global box office is 3-400 million US dollars.

The Great Wall.

After being acquired by Wanda, Legendary Pictures performed mediocre, with two consecutive CEOs leaving.

Even if it is at risk, Wanda will consider divesting Legendary. The main reason is that after the acquisition of Legendary Pictures by Wanda, the number of movies per year is relatively small, about 2-3, which is relatively risky.

For example, this year, Legendary Pictures participated in the production of "Jurassic World", and the investment accounted for 25%. Now the box office of this film has 620 million US dollars. When encountering such a hit, the performance may be very good, but when encountering a poorly performing film, the fluctuation is very large.

Zeng Maojun said that in the future, Legendary Pictures will develop independently and increase the number of movies. In addition, Legendary Pictures will also increase some TV drama business and strengthen cooperation with Time Warner and Universal Pictures.

Today’s Wanda Film is strengthening its entire layout from Wanda theaters to film and television production.Before the transaction, Wanda Film was mainly engaged in cinema investment and construction, cinema film distribution, cinema film screening and related derivative businesses, and its main business was concentrated in the downstream of the film and television industry chain.

Through this transaction, the company’s main business will expand to the investment, production and distribution of movies and TV series, as well as the distribution and operation of online games, and build "five business platforms integrating cinema end point platform, media marketing platform, film and television IP platform, online business platform, and film game interactive platform". Wanda Film can accelerate the pace of transformation into a pan-entertainment platform company.

So it seems that Wanda Film and Television’s ambitions are indeed not small.

Under the influence of the PPT project in the past two years, many companies have been afraid to release film orders during the Shanghai Film Festival. However, at Wanda Night, Wanda Film and Television announced 30 work plans in one go, including 9 domestic films, 6 co-productions, 4 animation works, and 11 TV series. For example, online dramas such as "Tang Detective" and "The Story of Kings in the Western Regions".

This year, Wanda Film and Television also launched an elite + talent training program. The first phase of screenwriter training is called the Future Master Workshop. So far, the screening training has been completed, and the contract has been signed, and the first phase of incubation has been completed. "We cooperate with industry celebrities, including well-known domestic screenwriters and Hollywood teams. We hope to train about 40 screenwriters every year in the next five years or so," Zeng Maojun said.

In addition to offline development, Wanda is also exploring online cinema business. But for the value of streaming media, Wanda Film’s perspective is still: content is king. Zeng Maojun is more optimistic about the Mango TV model. He believes that as long as there is good content, the video platform can be established in the short term. One or two variety shows will raise the market value of Mango TV to 10 billion.

This seems a bit conservative compared to Disney, which Wanda regards as a role model and rival.

A few days ago, Disney announced the acquisition of Fox. According to US media analysis, in addition to content assets, Disney has a 30% stake in Hulu in Fox’s hands, plus its own 30% stake, and can control Hulu after the merger is completed. In the major reform of the department in March this year, Disney has specially opened a department responsible for streaming media business.

But in Mr. Zeng’s view, Disney is more interested in Fox’s offline theme parks and vast IP library than Hulu. Wanda Pictures also does not want to buy BAT-owned streaming sites such as "Aiyouteng", but does its own streaming media. Zeng Maojun said that different forms of online platforms have survival space. Wanda will be different from other platforms. The main purpose is to divert traffic and divide accounts, and it will be combined with film marketing. That’s all.

Throughout last year, Wang Jianlin broke down, selling assets and reducing liabilities.

In July 2017, Wanda sold tourism and hotels to Sunac and R & F, and this agreement alone reduced debt by 44 billion yuan and recovered funds by 67 billion yuan. In Wanda Group’s 2017 work summary, Wang Jianlin revealed that assets at cost were 700 billion yuan, a decrease of 11.5% year-on-year. For this year’s plan, Wang Jianlin said that Wanda Group will use all capital means to reduce corporate liabilities, including the sale of non-core assets, equity transactions under the premise of maintaining control, and cooperative management of other people’s assets. "Wanda Group will never have any credit default in the world!"

So after entering 2018, Wanda Group continued to "sell, sell, sell". In addition to selling London and Australian hotel assets, it also transferred the equity of Wanda Commercial and Wanda Film, and introduced strategic investors respectively. While withdrawing funds, it delayed the pressure for Wanda Commercial to return to A and Wanda Film for restructuring.

With the help of this series of arm-breaking and slimming actions, Wanda has safely landed from the danger of the capital chain being questioned in the second half of last year and the dual killing of stocks and bonds. In June this year, Standard & Poor’s adjusted Wanda’s rating to stable, and Moody’s also adjusted Wanda Commercial’s rating outlook from negative to stable. Fitch confirmed Dalian Wanda Commercial Management’s BB + rating, with a stable rating outlook, and removed the negative watch list.

The cut to promote the reorganization of Wanda Film is part of Wanda Group’s overall strategy of exchanging small for big. Wang Jianlin said in Wanda Group’s 2017 work summary that this year’s goal is to promote transformation, accelerate the pace of light assets, and form a new pillar industry. The first is the film and television industry.

Wanda Film board secretary Wang Huiwu also told Entertainment Das Kapital: Wanda Group did not want to put a high valuation of things into the listed company, the bigger the industrial chain is the consideration. Wanda Group makes a lot of profits, is to make this thing, not to say how big the valuation.

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The original divorce has just turned a year old, and Yang Ying, who has eaten Huang Xiaoming’s "dividend", has returned to her "vicious circle"

When it comes to Yang Ying and Huang Xiaoming, I’m sure you all know them well.

They are both famous celebrities in the entertainment industry and have also been married.

Although the two of them regretfully divorced last year, their story is still deeply ingrained in people’s hearts.

As early as 2015, Yang Ying and Huang Xiaoming were already married with a license.

And also in October of that year, the two held a massive and disastrous wedding.

The specifications for this wedding are still rather high.

Both of them were well-known figures in the entertainment industry. Naturally, many well-known figures attended the wedding.

For example, He Jiong, Xie Na, and so on.

These very famous figures in all walks of life are all well-known and well-known names to the public.

Mentioning any of these, I’m sure you’re not unfamiliar with them either?

To exaggerate, at this wedding, almost half of the entertainment industry was present.

Moreover, not only the entertainment industry, but also bosses and big figures in the fields of politics, business, etc. attended this wedding, which can be said to have given the couple enough face.

And this marriage is also quite luxurious.

When a reporter interviewed Huang Xiaoming, he asked about the budget for his wedding.

And Huang Xiaoming’s answer also seemed a little simple.

He expressed it this way. Like ordinary people, he can only hold this wedding in his life.

Although Huang Xiaoming did not reveal the specific amount, it was not difficult for the reporter friends to find out by virtue of the phenomenon and the observation of the wedding scene that the wedding was quite luxurious, and it could really be described as "trench".

No matter it is the wedding photos, the wedding scene shooting, and every detail, it undoubtedly reveals how luxurious and high-profile this wedding is, and the specifications are beyond your imagination!

It was this unprecedented luxury wedding that left a deep impression on everyone.

According to the scene situation and some details, it can be concluded thatThe cost of this wedding was at least 200 million RMB.

God, 200 million, this is really a wealth that most people will never see in their lifetime.

And for everyone, it’s just the cost of a wedding.

I have to sigh that Huang Xiaoming’s income is indeed very high.

At that time, Huang Xiaoming was definitely a star of high status and strength.

According to reports, his annual income is very high.

Huang Xiaoming had a good talent in this area since he was a child. He also studied hard and entered the performance department of the famous Beijing Film Academy at that time for further study.

Huang Xiaoming first entered the entertainment industry in 1998.

The TV drama he starred in, "Love is Not a Game", was the first TV drama in his life.

From then on, he began to enter the entertainment industry.

Since then, he has starred in a number of works, and the genre of his works has been constantly changing.

The attempt to change the style of his works has also given Huang Xiaoming more experience and full experimentation.

By the beginning of the 21st century, most of the works he starred in were ancient costumes and history.

He has played many roles, all of which are vivid, as if historical figures have come to life, making a deep impression.

He also won many awards for this, such as the Outstanding Actor Award and so on, which made him even more famous.

In addition to his acting skills, Huang Xiaoming is also excellent in other aspects.

For example, Huang Xiaoming’s character is also very good, giving people a practical and reliable image, just like a big brother.

And he has a good life.In the entertainment industry, he has a good relationship with many people and is very popular.

At that time, Huang Xiaoming’s acting skills and reputation were among the best in the entertainment industry, and there was really no one like him.

The work he filmed at that time was also a smash hit.

To exaggerate, Huang Xiaoming was one of the top performers at that time.

In addition to TV dramas, he also starred in many movies, which became a hit and won extremely high box office in that era.

These film and television works have made Huang Xiaoming’s worth rise again and again.

By 2014, Huang Xiaoming had reached the fourth place in China’s Forbes list, which was truly terrifying.

Let’s take a look at Yang Ying again.

Yang Ying first debuted as a model and became a fashion model in Hong Kong, and she also rose to prominence and made her mark.

In 2007, her focus shifted from being a model to being an actress, and she began to enter the entertainment industry.

The two years when he came out of the entertainment industry were not easy, and there was no good show to shoot.

Also to increase popularity,She went to Jay Chou’s concert and worked as a dancer.

You know, at that time, Jay Chou was one of the top singers.

If you can be a dancer on it, even if you are not remembered, you can get familiar and increase your popularity.

But after all, I’m new here, I don’t have much experience, and I don’t have much drama to shoot.

On the one hand, she continued to do her old job as a model,On the other hand, go to some shows to increase your popularity.

For example, she once hosted a fashion show in Hong Kong, "I Am a Model".

Later, she also went to Japan, where she participated in some TV dramas and participated in some shows, such as the TGC fashion show.

During that time, she starred in a number of productions and collaborated with others on a number of films.

Yang Ying’s career is flourishing and she is gradually moving towards a greater and higher level.

Examine in detail how Huang Xiaoming and Yang Ying met, and let’s start with an incident in 2010.

By 2010, Huang Xiaoming had become a top domestic star, while Yang Ying was not a top-notch at the time, but it was also a growing trend with a promising future.

In May of that year, Huang Xiaoming invited Yang Ying to play the heroine in the song he sang, "Can’t Stand It".

This is the first contact between the two of them.

Later, Yang Ying’s career also gradually developed and diversified.

She has participated in shows, acted in TV dramas, and dubbed voices, etc., which not only enriched Yang Ying’s acting skills, but also improved her relevant experience.

Finally, in 2015, Huang Xiaoming and Yang Ying held that grand and unprecedented wedding in Shanghai.

But unfortunately, the last two people still divorced for various reasons.

This has to make many people feel sorry, as if the wedding and happiness of the two were yesterday.

Strange to say, Yang Ying seemed to be in some kind of predicament after getting divorced.

Yang Ying may not have realized the problem herself.

Many of her resources and connections before the divorce were inseparable from Huang Xiaoming.

We cannot deny that many producers and directors have indeed given Yang Ying resources for Huang Xiaoming’s sake.

However, Yang Ying did not realize this, nor did she realize that these were all related to Huang Xiaoming.

She failed to streamline and rationalize these resources in a timely manner.

She has a great advantage, but unfortunately she doesn’t have a good grasp of it.

She can have a higher platform and level, but unfortunately she doesn’t have a good grasp of it.

Compared with the actresses of the same period, Yang Ying still has some shortcomings

This also caused her to be inferior to others in terms of competitiveness. Although Yang Ying had her own style, after leaving Huang Xiaoming, she was indeed a little powerless.

However, Yang Ying is not a casual person, and there is indeed a period of disconnection after the divorce.

But she actively worked hard to improve her acting skills, and she was also a popular star, so naturally there was still a drama to be filmed.

This year,Yang Ying also filmed "Acacia Order" and other worksIt also proved once again that Yang Ying was not as capable of filming and becoming successful as Huang Xiaoming.

In addition, Yang Ying has always been one of the few female stars in "Run Brothers", and she is also a veteran of this show.

She started the show very early, and although the stars of the show are constantly changing,But Yang Ying has been active in this program.

And she also lived out her own style and charm in "Run, Brothers".

Sometimes it makes people laugh out loud, sometimes it makes people give thumbs up, which is really impressive.

Nor has she forgotten her old job – modeling.

It has to be said that with nearly 20 years of modeling experience, she is indeed very good.

In addition, she has also received many advertisements for cosmetics, and her fame is also very high, which has led to the sale of these cosmetics.

In Harper’s Bazaar, she even appeared on the cover.

One must know that not everyone can be on this cover, which is definitely one of the proof of Yang Ying’s strength level.

Although Yang Ying and Huang Xiaoming went from marriage to divorce, this relationship made many people sigh.

However, Yang Ying, who left Huang Xiaoming, no longer received Huang Xiaoming’s "bonus". Although her career was somewhat blocked, she worked hard to change the status quo, fight for opportunities for herself, expand her advantages, and now she is slowly on the right track.

Although there are difficulties and obstacles that many people cannot imagine, Yang Ying still accepts them all.

I have to sigh with emotion that the current star artists are really not good.

The high salaries in this industry are not unreasonable. I am afraid only the actors themselves know how much hardship they have to endure behind the scenes, right?

What do you think of Yang Ying returning to her "vicious circle" after divorce? Feel free to leave a message in the comment area.

Responsible editor:

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!"

Read the original text

Geely Automobile Executives: I am confident to return to the first place in automobile national brand sales, but I still need time to work hard.

IT House reported on March 20th that at the 2023 performance conference of Geely Automobile Holdings Limited this afternoon, Gui Shengyue, chief executive officer and executive director of Geely Automobile Holdings Limited, said that Geely was confident to return to China as the national brand of automobiles, but it still needed time to make efforts in various market segments.

Gui Shengyue said that BYD is excellent and needs to learn from it, but not all of them are worse than them. Geely is also excellent in some market segments. At the same time, he also said that the sales volume of Krypton in Hangzhou has surpassed that of Tesla, and within two years, it will become the first luxury electric car brand with a price of over 300,000 yuan in China. "New forces for many years, why didn’t you do it? In the future, we will steadily surpass in various market segments. "

Gui Shengyue also denied the idea of giving up fuel vehicles. Geely’s transformation to new energy resources should be "balanced development", and new energy resources must be the ultimate goal, but it will take a long time in the end. Some European countries and regions have also made statements according to the industry situation.

According to the report of IT House earlier today, Yang Xueliang, senior vice president of Geely Holding Group, disclosed the product planning of Geely Automobile in 2024.

Geely brand: Galaxy mainstream pure electric SUV, compact pure electric SUV and Galaxy mainstream plug-in hybrid SUV.

Extreme krypton brand: extreme krypton Mix, medium and large luxury pure electric SUV, top luxury pure electric MPV.

Lingke brand: Lingke 07 EM-P, medium and large pure electric flagship car, compact pure electric SUV.