标签： 上海贵人传媒

Party Construction Forum ｜ Focus on Improving the Political Ability of party member Cadres

　　The General Secretary of the Supreme Leader clearly pointed out that political ability is the ability to grasp the direction, the general trend and the overall situation, and the ability to maintain political strength, control the political situation and prevent political risks. Political ability is not only the primary ability of party member cadres, but also the test yardstick to measure whether party member cadres can shoulder heavy responsibilities. Improving the political ability of party member cadres is a profound and long-term systematic project of our party, the eternal source of our party’s vitality and combat effectiveness, and the internal support of our party’s continuous strengthening.

　　Insist on tempering the political character of absolute loyalty. All political issues within the Party are, in the final analysis, whether they are loyal to the Party. Loyalty is an excellent character that communist party people must possess. Loyalty to the Party is the political gene handed down from generation to generation by cadres in party member, the blood soul of cadres in party member, and the eternal heart of cadres in party member. Looking back at the eventful years of history, it is precisely because of communist party people’s absolute loyalty to the Party that the Communist Party of China (CPC) can accurately grasp the historical context and trend at every historical juncture related to the national peril and the rise and fall of the country, and forge ahead without fear of difficulties, thus pushing forward the great cause of socialism. Absolute loyalty is the highest level of loyalty to the party, and it is loyalty that is consistent in words and deeds. Party member cadres should integrate their absolute loyalty to the Party into their marrow and soul, strengthen the "four consciousnesses", strengthen the "four self-confidences", practice the "two safeguards", always ensure a high degree of ideological and political consistency with the CPC Central Committee with the Supreme Leader as the core, and make sure that the CPC Central Committee advocates a firm response, resolutely implements its decisions, and resolutely forbids it. The majority of party member cadres should strive to be loyal guardians of the Party, be loyal to the Party in terms of ideology and belief, be loyal to the Party in terms of strict discipline, be loyal to the Party in terms of integrity, and be loyal to the Party in terms of performing their duties and responsibilities, and always walk with the Party with one heart, one mind and one mind.

　　Insist on tempering the political consciousness of aligning with the table. The majority of cadres in party member must always check their watches, wind up their clocks, and align their hands with the direction of safeguarding the authority of the CPC Central Committee and the fundamental interests of the people, so that they can live up to their mission in Do not forget your initiative mind. In December 2015, General Secretary of the Supreme Leader emphasized at the special democratic life meeting in the Political Bureau of the Central Committee that the Political Bureau of the Central Committee’s comrades must have a strong sense of conformity, and always take the initiative to conform to the CPC Central Committee and the party’s theory, line, principles and policies. The sense of conformity is not only the requirement put forward by the Supreme Leader General Secretary to the leading comrades of the Political Bureau of the Central Committee, but also a command to all cadres in party member. Emphasizing alignment is the essential attribute and organizational characteristic of the Communist Party of China (CPC) as a Marxist political party. The majority of party member cadres must firmly establish a sense of conformity, often correct their appearances and diligence, persist in introspection in the process of conformity, always build a foundation of faith, always cherish the heart of the people, and always think about the laziness of the spirit, promptly remove ideological cancer, promptly remove physical lesions, and cultivate political consciousness of conformity with appearances. The alignment of major events reflects the foresight of cadres in party member, while the alignment of minor events shows the character of cadres in party member. Only when the cadres in party member often take the initiative to self-examine, self-correct and self-correct their thoughts and actions, can they remain unshakable in their thoughts, keep pace and keep their direction, consciously enhance their subjective consciousness and responsibility, and implement their sense of conformity in all aspects of their work and life.

　　Adhere to the political realm of tempering the overall situation. Those who do not seek the overall situation are not enough to seek a domain, and those who do not seek the world are not enough to seek a moment. Looking back at the history of the Party’s struggle and development, the Communist Party of China (CPC) was able to move from one victory to another by far-sighted political foresight and broad mind, so as not to lose political determination because of the complicated and changeable situation, not to stagnate because of the shackles of difficulties, and not to be complacent about the current development achievements. Entering the new era of Socialism with Chinese characteristics, especially in the critical period of reform, party member cadres must firmly establish a sense of the overall situation, constantly enhance their ability to analyze and judge, cope with complex situations and clarify the rights and wrongs, and never allow them to make choices, discount or make changes in implementing the decision-making arrangements of the CPC Central Committee, never allow them to engage in "policies from above and countermeasures from below", and never allow them to discuss the major policies of the central government. Only by profoundly understanding and grasping the new ideas, new ideas and new strategies of the Party Central Committee in governing the country, can the vast number of party member cadres accurately grasp the historical position and opportunities and challenges with the vision of "not afraid of clouds covering their eyes", and can they push forward the great cause of Socialism with Chinese characteristics with the determination of "sticking to the green hills and not relaxing".

　　Insist on tempering the political integrity of words and deeds. To be a man is about morality, and to be a politician is about ethics. The General Secretary of the Supreme Leader emphasized that leading cadres should combine the in-depth improvement of work style with the strengthening of party spirit cultivation, consciously be honest, know the rules, be disciplined, be frank, match words with deeds, be in awe, hold a ruler, be loyal and honest to the party, and be loyal and honest to the masses, so as to achieve a performance on and off the stage, and never cross the line or deviate from the line at any time or under any circumstances. This important conclusion is not only the fundamental criterion for party member cadres to be officials, but also the political integrity that party member cadres uphold all their lives, and it is also the foundation for party member cadres to settle down. The vast number of cadres in party member should bear in mind the earnest instruction of the Supreme Leader General Secretary, be frank with the organization and be open and aboveboard with comrades; Never deceive the superior and deceive the inferior, and be duplicitous; Never do one thing in the open, one thing in the dark, one thing on the stage and one thing off the stage, one thing in the face and one thing behind, and one thing in the mouth; We must never treat people differently from ourselves, from the top to the bottom, from the inside of the face, and from the front to the back. Party member cadres can’t establish credibility with sincerity and establish prestige with credibility if they don’t have the political integrity of being consistent in words and deeds, both inside and outside. The political integrity of party member cadres is not only a matter of personal accomplishment, but also a concrete embodiment of the world outlook, power outlook and achievement outlook, and a concentrated reflection of party spirit and style. Party member cadres must keep their political beliefs unchanged, their political stance unchanged and their political direction unbiased at any time and under any circumstances, and must maintain a high degree of consistency with the CPC Central Committee on major political principles and issues of right and wrong, and resolutely oppose double-dealing and being two-faced.Always love the party wholeheartedly, believe in the party, protect the party for the party and always follow the party.

　　(Author: Liu Zhong, Xu Zhong and Xue Bing, Party School of Tianjin Municipal Committee of the Communist Party of China)

Have consumers made a profit from the ＂price war＂ of auto insurance fees？

　　"The highest commission rate has reached more than 30%, and the competition for customers is fierce, and the rebate is getting higher and higher … …” Business personnel of a large property insurance company revealed that the phenomenon of "vicious competition of commercial auto insurance fees" has risen.

　　In view of the problem of high fee competition in some regions and institutions, the State Financial Supervision and Administration recently issued the Notice on Regulating the Order of the Auto Insurance Market, which started to regulate the order of the auto insurance market from five aspects.

　　Cash back for maintenance

　　Auto insurance "rebate" is strong

　　Over the years, the regulatory authorities have repeatedly applied to rectify the chaos, requiring insurance companies not to engage in unfair competition. Property insurance companies and insurance intermediaries are not allowed to give or promise to give benefits to the insured and the insured other than those stipulated in the insurance contract by returning or giving cash, prepaid cards, securities, insurance products, shopping vouchers, physical objects and points deduction. It is not allowed to illegally pay benefits other than those stipulated in the insurance contract in disguised form by participating in promotional activities organized by other institutions or individuals.

　　Since September 2020, after the comprehensive reform of auto insurance, the auto insurance market has shown a situation of "double decline" in premium price and handling fee rate. However, the phenomenon of "vicious competition in handling fees" in the auto insurance market has risen again this year.

　　Many car owners told Beijing Youth Daily that the "rebate" phenomenon of commercial auto insurance still exists, and the intensity of "rebate" has not diminished. On some social media, there are also insurance company salesmen who issue "rebate" promotions to attract customers.

　　In an interview, Mr. Liu reported that the price of commercial auto insurance has been really cheap in recent years, and it has not been out of danger for six consecutive years. Counting the returned cash of more than 2,000 yuan, it is several hundred cheaper than last year.

　　Ms. Zhang’s private car insurance is about to expire. This month, she has received many phone calls from insurance salesmen, all of whom have given more concessions than the contract quotation. Calculated, the commercial insurance, compulsory insurance and vehicle and vessel use tax totaled 3,791 yuan, which can be returned to 760 yuan after placing an order through the APP. Even a salesman asked someone to give her an account and return it to 100 yuan, and then send it for a maintenance, a paint repair and six car washes. Ms. Zhang said: "I will definitely shop around and see which one offers the best price."

　　Vicious competition for handling fees has risen

　　In the long run, it may affect the interests of consumers.

　　"Now we are faced with a dilemma. The big insurance companies in the head have high profits and sufficient expenses. If they take the lead to grab market share, small and medium-sized insurance companies will lose the market if they don’t follow, and they may not be profitable if they follow." A car insurance business person told the reporter of Beiqing Daily that the handling fee rate for compulsory insurance is around 4% and that for commercial insurance is around 15%. In order to grab territory and share, some property insurance companies have given a handling fee rate of over 30% through unfair competition, which has greatly deviated from the reasonable range of auto insurance handling fee rate.

　　These undisclosed fees allow competition, mainly divided into open lines and dark lines. The so-called "open-line" profit-making means that auto insurance sales personnel return part of the commission from sales to customers in order to obtain customers, which is mainly a personal act; The "hidden line" is that insurance companies pay fees to 4S stores, intermediaries and other channels, which are regulated by insurance companies.

　　In fact, this vicious competition for handling fees has not actually fully benefited auto insurance consumers, but has provided opportunities for arbitrage between different channels in the auto insurance market. If the handling fee rate of the intermediary company is higher than other channels, other channels will hang suitable customers in the intermediary company to earn higher handling fees from the insurance company, and finally the two sides can share the difference between the handling fees. In the long run, the vicious competition in the auto insurance market will inevitably affect the interests of consumers.

　　Supervision and rectification of chaos

　　It is required to strengthen the management and control of handling fee accounting.

　　Why do insurance companies still have to seize the market through "rebate" in the case of repeated applications from the regulatory authorities? How can auto insurance companies compete normally?

　　Xu Jianping, vice president of Cheche Technology, said that "exchanging fees for market share" has always been a chronic disease in the property insurance industry.

　　Once large insurance institutions take the lead in grabbing market share under the pressure of performance, other market players will certainly follow suit and quickly lead the market fee competition to heat up, which is likely to return to the eve of comprehensive reform of auto insurance. This vicious competition in handling fees will not only benefit consumers, but also the insurance companies themselves will suffer great losses.

　　From the insurance company’s point of view, the fee competition behavior in the auto insurance market is mainly rooted in the mechanism assessment of the head office. Excessive business growth indicators lead to grassroots buying business at no cost, which directly leads to vicious competition chaos such as charging fees and grabbing orders. It is suggested that insurance companies should standardize their assessment standards and set reasonable business objectives.

　　The vicious competition of handling fees in the auto insurance market has attracted the attention of the regulatory authorities. Recently, the Property Insurance Department of the State Financial Supervision and Administration Bureau issued the Notice on Regulating the Order of the Auto Insurance Market to guide insurance companies to operate in compliance and prudence.

　　The Notice regulates the order of the auto insurance market from five aspects, including prohibiting insurance companies from blindly fighting for scale and share, and assigning unrealistic premium growth tasks to branches. At the same time, it also requires insurance companies not to deviate from the actuarial pricing basis and sell auto insurance products at a price lower than the cost. Insurance companies are required to strictly control internal control such as expense budget, examination and approval, accounting and auditing, and truthfully allocate various operating and management expenses, and strengthen the management and control of handling fee accounting. Text/Reporter Yan Lishuang Coordinator/Yu Meiying

　　memory

　　The regulatory authorities started to regulate the order of the auto insurance market in five aspects.

　　The Property & Casualty Department of the State Financial Supervision and Administration Bureau issued the Notice on Regulating the Order of the Auto Insurance Market, and started to regulate the order of the auto insurance market from five aspects.

　　1. Firmly establish the concept of compliance management and strictly implement various regulatory requirements.

　　2. Further strengthen the sense of responsibility and overall situation, and consciously assume the main responsibility of maintaining the order of the auto insurance market.

　　3. All property insurance companies should attach great importance to the insurance underwriting services for high-risk vehicles such as motorcycles and operating vehicles.

　　4. All banking insurance regulatory bureaus shall continue to monitor the dynamic situation of the auto insurance market, pay special attention to the expense levels of institutions within their jurisdiction, and strengthen the supervision of the implementation of auto insurance rates.

　　5. All banking and insurance regulatory bureaus should continue to maintain the high-pressure situation of auto insurance supervision, fight early and fight small, and prevent the behavior of individual institutions from affecting the stability of the auto insurance market in the whole jurisdiction.

Roewe RX5 car purchase discount in Shanghai! The reserve price is71,900! Preferential treatment waits for no man.

In the [Easy Car Shanghai Local Car Market Promotion Channel], we sorted out the ongoing
Preferential activities. As a car that has attracted much attention, the discount rate of Roewe RX5 is still very amazing. The highest discount rate can even reach 28,000, and the lowest starting price is only 71,900. You can win a larger discount rate by clicking the "Inquiry" button in the quotation form. If you are looking for a practical and affordable model, you may wish to learn about the preferential situation of Roewe RX5.

Let’s take a look at the appearance of the Roewe RX5 first. The front of the Roewe RX5 looks domineering, equipped with a three-position grille, which looks very streamlined. Coupled with the personalized headlights, the overall look has a certain sense of hierarchy. The car is equipped with LED daytime running lights, headlight height adjustment, automatic opening and closing, adaptive far and near light, delayed closing and so on. Come to the side of the car, the car body size is 4655MM*1890MM*1664MM, the car uses exquisite lines, the car side gives people a very clean and refreshing feeling, with large-size thick-walled tires, the overall visual effect is very cute. In the rear part, Roewe RX5 has sharp rear lines, full taillight style and unique exhaust pipe, which is relatively clean and refreshing in general.

In terms of interior, the interior presents a unique design style with high overall recognition. The practicality and face value of the three-spoke steering wheel of the car are not bad. It is made of genuine leather and looks a little more cute. From the central control point of view, the central control screen with 27-inch touch-sensitive LCD makes the interior style impressive and looks very soft. The dashboard and the seat are equally eye-catching, and the dashboard design is remarkable and looks very exquisite. The car uses leather seats, which are wide and thick, and the overall ride feels soft and comfortable.

Roewe RX5 is matched with a wet dual clutch (DCT) gearbox, with a maximum power of 138KW and a maximum torque of 300N.m, with good power performance.

Roewe RX5 is a very good-looking model, with fashionable overall shape and smooth and natural lines. At the same time, its interior space is also excellent, and it is very spacious and comfortable for both riding and storage. In addition, the power performance of Roewe RX5 is even more amazing, which can be easily handled whether driving on urban roads or galloping on highways, allowing drivers to experience unparalleled driving pleasure.

Qi Rui xing tu xing Ji yuan ET extended range Max version went on the market： supporting urban intelligent driving assistance, selling 249,800 yuan.

On August 10 th, Chery’s Star Road Star Era ET Extended Range Max model ushered in the market today, supporting the city’s intelligent driving assistance function, with a price of 249,800 yuan, which can be regarded as the top model of this series at present.

In terms of appearance, the new car continues the overall design of the models on sale, with a body length, width and height of 4955 x 1975 x 1698mm.Wheelbase 3000mm, available in Cangling Green, Moonshadow Grey, Starry Night Black, Yunshubai and Rime Blue (optional price is 3,000 yuan).

In terms of cockpit, the new product is equipped with a 15.6-inch suspended central control panel and a 10.25-inch suspended instrument panel, providing luxury velvet leather sofa seats, 8-way electric adjustment of the main driver’s seat with memory,Co-driver zero gravity seat256-color ambient lights, etc.

Compared with the models on sale, the new car has added intelligent fragrance system, Lion melody Max 2140 23 Yang stereo, silver-plated panoramic canopy, rear privacy glass,NEP city intelligent driving assistanceWait. In addition, the car also supports the optional technology exclusive package with a price of 8,000 yuan, including HUD head-up display system and ISD interactive lights.

In terms of power, the new car adopts a 400V voltage system and a 1.5T range extender. The maximum power of the motor is 195 kW and the maximum torque is 324 Nm.The CLTC pure electric cruising range of this car is 200 kilometers.The comprehensive cruising range of CLTC is 1518km, and the fuel consumption of WLTC feed is 5.2L/100km.

The extended version of IT House is sold at the following price:

Explanation of Terms in the Outline of the 14th Five-Year Plan 59 ｜ Internet of Vehicles

　　The Internet of Vehicles refers to the cyber-physical systems, which is based on the omni-directional network connection of cars, cars and cars, cars and roads, cars and people, cars and service platforms, and carries out wireless communication and information exchange according to the agreed communication protocols and data interaction standards. The wide application of vehicle networking technology can realize intelligent traffic management, intelligent dynamic information service and intelligent vehicle control, and effectively improve traffic efficiency and safety level.

Peng Yuyan claims not to take drugs： be responsible for what you do (Photos)

　　Yesterday morning, Lin Chaoxian’s film "Breaking the Wind" opened a media tour at the Hong Kong Velodrome, starring Peng Yuyan, Cui Siyuan, Wang Luodan and others in attendance. Ke Zhendong and Jaycee Chan’s drug abuse incident caused a lot of uproar. Peng Yuyan admitted that he is quite familiar with both of them. Regarding this matter, he said that now is the time for the two to be noticed and need the most care, and "I hope everyone is willing to give them another chance". Cui Siyuan, who has just finished filming Jackie Chan’s new drama "Lion from the Sky", said that Jackie Chan is very busy and has not contacted him about this matter, so it is inconvenient to respond.

　　Peng Yuyan made it clear that he would not take drugs

　　Peng Yuyan admitted that he is very familiar with Ke Zhendong and Jaycee Chan. "Among them, Ke Zhendong was known to us before he entered the industry, and he is also a very good friend. He is very polite in life." After the "landlord" drug abuse incident, many Peng Yuyan fans left messages on Weibo hoping that he would not take drugs. Peng Yuyan said that he "of course not. Everyone has stress, but there are many ways to relieve it. My own way is to choose a healthy way, and I hope everyone has a positive attitude. Cycling can also relieve stress."

　　Peng Yuyan said that for the "landlord" two people now, "the most important thing is that they are also responsible for what they do. I have known them for a long time, but what they did was really wrong. I believe that their relatives are the saddest now. I hope everyone is willing to give them another chance."

　　Wang Luodan is not afraid of being upstaged by younger generations

　　Just after the filming of "Huang Feihong: Heroes Have Dreams", Wang Luodan collaborated with Peng Yuyan again in "Breaking the Wind". Both plays have emotional scenes, but she said that with Peng Yuyan in the film is the stage of "less than full lovers". "Huang Feihong’s film is more emotionally tolerant. This play is passionate and youthful, and the emotional expression should be more external, but it is also good that our focus is to truly show the state of athletes." Speaking of whether he would spread rumors with Peng Yuyan, Wang Luodan said with a smile that he would rather "spread rumors" with Ouyang Nana, who plays a talented cyclist in the film, because she is more "fresh meat" than Peng Yuyan.

　　Ouyang Nana’s performance in "Beijing Love Story" is eye-catching. Facing the younger generation, Wang Luodan said that he is not afraid of being upstaged. "I want to protect her more, because she is still young and has just entered the industry. I am like a sister. I have discussed with her. I don’t want her to get involved in emotional dramas too early. After the age of 18, I will have time to take this kind of drama. I hope she will take some simple dramas quietly and beautifully." (Reporter, Chen Shuang)

It is said that Wang Zuxian became a monk in Canada and was suspected of being stimulated by the scandal between Qi Qin and Xiao Qiang (Photo)

　　According to Hong Kong media reports, yesterday (July 7), news came out that Wang Zuxian, who has been away for a long time, is a monk in Canada. Friends said that she may be stimulated by the scandal between Qi Qin and Xiao Qiang earlier. And she has not been in touch with Qi Qin for a while.



Wang Zuxian, profile picture



　　Yesterday (July 7), there was news that Wang Zuxian, who had been out of the movie for a long time, was ordained in Canada. The reporter called Wang Zuxian’s friend Du Huidong to verify the matter. He said: "In recent years, Wang Zuxian has indeed been submerged in Buddhism. There is also a nunnery near where she lives, but I haven’t contacted her for a long time, so I don’t know the authenticity of the news. However, it is likely that she was stimulated by the news that her ex-boyfriend Qi Qin and Xiao Qiang may get married this year. In addition, when she was filming" Dream in the Garden ", she originally had expectations, but in the end her reaction was just ordinary. When her love and career were not very good, she cut her hair to become a nun."


　　In addition, Wang Zuxian’s friends, Miss Wang, Shi Nansheng, and Yang Fan, the director of "Dream in the Garden", told the media yesterday (July 7) that they had not heard of the news and had not contacted Wang Zuxian for some time. As for Qi Qin, there are reports that he thinks Wang Zuxian has always been submerged in Buddhism. If this continues, it is possible to become a monk. He also called Wang Zuxian when he went to Canada last month, but unfortunately he could not find her, so he has not contacted Wang Zuxian for some time.


　　Wang Zuxian’s relationship was quite rough. In the early years, she first dated Qi Qin, and then fell in love with a married wealthy businessman. Because her love with the wealthy businessman was not approved by the other party’s mother, she was also publicly abused, so she finally decided to cut off the love, return to Taiwan and get back together with Qi Qin, and prepared to get married in 1999. However, when even the banquet was booked, it suddenly broke out that Qi Qin had lived with a woman for many years and had flesh and blood, which caused the marriage to fail. Wang Zuxian was also heartbroken and went to Vancouver, Canada to live in seclusion. (fish/text)

　　Related links:



  • It is said that Wang Zuxian became a monk, and there are many stars who have escaped into the air (picture) 2009-07-08

  • It is said that Wang Zuxian’s Canadian shaving degree is unknown to many friends in the circle (picture) 2009-07-08

  • Sigh Wang Zuxian as a monk, recall Wang Zuxian screen classic inventory (photos) 2009-07-08

Editor in charge: Fan Jing

Do you believe it？ Deng Chao has been preparing for the role of ＂Galaxy Cram School＂ for 40 years


1905 movie network news Crying and laughing all the way, the national roadshow of the film came to an end in Tianjin on July 14. As the final stop, the audience of Yudu praised the film as a "beacon of parent-child education". The film has been screened ahead of time, and more than 500,000 people have tried early adopters in advance. The major platforms have been praised for "capture" in an instant: the cat’s eye platform scored 9.4 points, and rose to 9.5 in a short time; the ticket rating of the lottery is also above 9 points, and the word-of-mouth leader in the summer is well deserved. "Galaxy Tutorial School" is directed by Deng Chao and Yu Baimei, and will be officially released nationwide on July 18.

　

"I found the target of my life"

The most touching part of "Galaxy Tutoring School" is that Ma Haowen in the film encourages his son to find the "target" of life, to insist on independent thinking, and to know what kind of person he wants to become. A thought-provoking dialogue in the film: Ma Haowen asks his son what your future goals are. After receiving the reply from "Tsinghua Peking University", Ma Haowen said: "Tsinghua Peking University is just a process, not a goal. You have to think clearly about what kind of person you want to be." During the roadshow, countless audience members expressed that they were moved by this line. "People have to live out themselves and stick to themselves. This movie is the beacon of parent-child education."

In Tianjin, several viewers shared similar experiences after watching the film. One viewer, who majored in land resource management but switched to design, said: "I used to only listen to my parents and get good grades. Now I work in a job that is not related to my major after graduation, but I feel very happy. I have found what I really want to do." Another viewer quit the journalism industry to become a photographer because he liked photography. Although he was not understood by his parents at first, "I have always done what I like, and my parents have slowly accepted it." Director Yu Baimei, who used to be a computer major, is now a famous director and screenwriter in China. He is like Ma Fei in the movie, because of his love, he insists on making the movie dream a reality.

Deng Chao "prepared for 40 years" for this role

With the release just around the corner, the two directors are very emotional. The director Yu Baimei mentioned that he and Deng Chao are both fathers, and the film is actually a poem they dedicated to their children. "Our wife has been making all kinds of designs for the future of our children, and has all kinds of worries about their lives, but the father brings many different things to the children. Making this movie is actually dedicated to the father and pays tribute to the father." The concept of "happy education" in the film touched many parents. The director said: "Pure happiness is empty. It is necessary to always let the child ask himself what he wants to do in the future, to be the person he wants to do, and to do what he wants to do. This is true happiness. Only the happiness of having an arrow target is true happiness."

As a father, playing the role of a father, Deng Chao has actually been "preparing for 40 years" for this role. Even when Deng Chao put on old-age makeup and walked to the camera, the entire crew was moved and felt that he was a real old father. Although the film is simple, it is deeply moving. "This is a movie dedicated to my father, but also to my children. I want him to know what my father is doing."

Wang Jianlin, don’t admit defeat

Article | Market Value Observation, Author | Yuntan, Editor | Xiaoshimei

Wang Jianlin, China’s former richest man, continues to fight while some property companies lie flat.

On the evening of June 28, Zhuhai Wanda Commercial Management submitted its Hong Kong IPO application materials for the fourth time, more than 500 days after the first listing application.

In the past three years, Wang Jianlin’s life is not easy. The impact of the epidemic, the strictest supervision in the history of real estate, a group of once-famous real estate giants have collapsed.

Considering that the betting agreement with investors will take effect at the end of the year, if Zhuhai Wanda fails to list, then Wanda will face up to 40 billion share repurchase pressure.

For Lao Wang, going public is no longer the "icing on the cake". There are only 6 months left. Wang Jianlin, who does not admit defeat, must fight to the back.

"Wanda Commercial Management is Wanda’s core enterprise. I can lose any enterprise, but this cannot be lost."

But this "lifeblood" continued to be undervalued after it went public in 2014, so in 2016, Wang Jianlin decided to delist Wanda Commercial Management.

In the seven years since, the real estate industry has undergone a sudden change, and Wang Jianlin has always adhered to the "three major tasks" – reducing debt, light asset transformation and promoting re-listing.

During this period, Wanda Commercial Management introduced a number of investors, but also buried the risk of gambling.

In 2017, Wanda shares and debt double-kill, Wang Jianlin bite after the teeth, at the expense of borrowing to Sunac, let Sun Hongbin and R & F tension to 63.75 billion yuan to pick up 13 Wanda cultural tourism city and 77 hotels.

At the Wanda annual meeting in January the following year, Wang Jianlin was in tears:In 2017, Wanda experienced too many storms and hardships.

But the wave has not subsided, and another wave has come to attack.

There is no such thing as a free lunch in the world. The nine investors who helped Wanda privatize previously agreed with Wang Jianlin to go public at the end of 2018, otherwise Wanda would have to pay interest and buy back shares.

However, the road to listing of real estate companies is basically locked, Wang Jianlin can only ask for help from old friends, Pony Ma, Zhang Jindong, Sun Hongbin, Liu Jintao opened the purse generously, jointly funded 34 billion, to solve the urgent needs of Lao Wang.

Since then, Wang Jianlin has switched to H shares again, and the listed entity has been changed to Zhuhai Wanda Commercial Management.

On the eve of its listing in Hong Kong, Zhuhai Wanda Commercial Management launched a Pre-IPO financing, transferring 21.17% of its shares to multiple investors such as Country Garden, CITIC Capital, Ant Group, Tencent, PAG Pacific Alliance Investment Group, etc. A total of about 6 billion US dollars (43.50 billion yuan).

The price Wanda needs to pay is that it must complete the listing by the end of 2023, otherwise it needs to buy back investors’ shares. That is to say, if the listing cannot be completed by the end of this year, Wanda needs to use 40 billion funds to buy back the equity.

The same script played out again, but this time, the friends were already cash-strapped, and some of them could not even protect themselves, so there was no money to help others.

For Wanda, which is currently not well-off, the expenditure of tens of billions of dollars is undoubtedly adding to the woes.

The end of the bet is approaching, and the iron man Wang Jianlin must speed up his pace.

In the history of H-share listings, it is rare for such a large number of IPOs to be repeatedly tossed.

Due to the delay in obtaining the "big road" of the China Securities Supervision Commission, some analysts said that,Zhuhai Wanda Commercial Management has set a "record" for the slowest overseas listing of a private company.

As early as October 11, 2021, Zhuhai Wanda obtained the acceptance letter from the Securities Supervision Commission and submitted its first listing prospectus to the Hong Kong Stock Exchange ten days later. But to this day, Wang Jianlin has not yet received the "pass" he has been longing for.

According to past experience, it only takes 3 to 6 months to get from "small road" to "big road", but Wang Jianlin waited 627 days. In addition, several Wanda IPO applications have also stepped on the implementation node of the "Pilot Measures" for overseas listing, and the road to listing can be described as a difficult buff.

Under the pilot scheme, domestic companies seeking to list overseas or in H-shares must obtain, in addition to an acceptance letter from the Securities Supervision Commission, known as a "small road", "H-share issuance approval" issued by the Securities Supervision Commission, known as a "big road". Only after having the "big road" will the Hong Kong Stock Exchange conduct a listing hearing for the company and start the issuance, roadshow and listing work.

In addition to the two "tickets", it also needs to be filed with the Securities Supervision Commission and approved. In other words, Zhuhai Wanda Commercial Management has an additional hurdle of approval.

Previously, Wanda’s listing information had expired three times, and the fundamental reason was that the "big road" had not been approved. On June 2, the China Securities Regulatory Commission raised six major questions to Zhuhai Wanda and asked for supplementary materials. Compared with the ease of listing in 2014, Wang Jianlin’s IPO can be described as even more difficult.

Therefore, in response to the supplementary material requirements of the Securities Supervision Commission, whether Wanda’s reply can pass the customs will be the key to the sprint listing.

Looking at the requirements of the Securities Supervision Commission, it can be seen that the problem mainly focuses on compliance, including corporate governance, capital exchanges with major shareholders, the authenticity of rental rate data, share repurchase, debt repayment arrangements, and high proportion of dividends.

According to the requirements, the issuer should supplement the materials within 30 working days. That means Wanda has about two weeks to prepare this response.

However, it is better to receive a reply than no news. Wanda also pointed out that "requesting supplementary materials is a normal process, and the listing is still in progress."

Just leave Wang Jianlin time is not much, in the face of the Securities Supervision Commission questions, Wanda iron also need their own hard.

If the "big road" is successfully obtained, coupled with the current policy atmosphere to support the real estate market, it is not impossible for Wanda to accelerate its listing.

Wang Jianlin is a man who refuses to admit defeat.

16 years of military experience have created his character of integrity, perseverance, and perseverance.

At the beginning of his business, he ran supermarkets, factories, elevator factories, substations, and eventually waded into the field of real estate development. But real estate is a capital-intensive industry. Due to his lack of experience, he has walked to the edge of the cliff many times due to capital chain problems.

At first in order to obtain a 20 million loan, he has more than 50 times hope to meet the leader of a bank, sometimes in the bank gate a stand is a whole day, but at that time Wanda is still a little-known small business, the bank is not willing to take risks, the final loan or not down.

On the one hand, he was exhausted for loans, and on the other hand, he was unable to start the project for a long time. Wang Jianlin didn’t sleep for nine days and nights at that time, and on the tenth day, he was directly unconscious in the company and was rushed to the hospital.

"You can’t be afraid of humiliation, you can’t be afraid of setbacks. The living can’t be suffocated to death by urine, and the bank can’t find it, so think of other ways." Wang Jianlin finally rescued Wanda, which was on the verge of bankruptcy, by issuing bonds.

In 2000, Wang Jianlin decided to switch to commercial real estate, but Wanda’s troubles still did not stop. In the first three years, Wanda mainly sold, and the merchants who purchased the shops directly sued Wanda in court for poor management.

In just three years, Wanda has fought 222 lawsuits. Although it has lost only two, the company is struggling to cope. Many people left Wanda at that time to find other ways.

Wang Jianlin did not flinch. In the face of difficulties, he believed in the thinking of "actual combat" and explored innovation and solved problems in practice. "When you reach the Yellow River, you will not die, and if you hit the south wall, you will not look back. When you reach the Yellow River, you will build a bridge and pass, and if you hit the south wall, you will turn over with a ladder."

He came up with an "urban complex" model. "Make a commercial center, build office buildings and apartments next to it. Sell apartments, office buildings, get cash flow, and the shops will run themselves."

This "combination of rental and sale" has allowed Wanda to rapidly expand its territory across the country and gradually grow into the country’s leading commercial real estate enterprise.

From an operational perspective,Wanda Commercial Management is China’s largest and most profitable business operations service provider.

According to the prospectus, Zhuhai Wanda achieved 17.196 billion yuan, 23.481 billion yuan and 27.12 billion yuan respectively in 2020, 2021 and 2022; its net profit during the same period reached 1.112 billion yuan, 3.512 billion yuan and 7.534 billion yuan respectively.

It can be seen that after the epidemic was released, Wanda bottomed out and rebounded, successfully achieved a V-shaped reversal, and its profitability increased significantly. Moreover, the profitability level from 2021 (adjusted by a specific algorithm) to 2022 has exceeded the gambling requirements. Considering the signs of consumption recovery, it will also be a high probability event to complete the betting profit requirement of 9.46 billion yuan in 2023.

The parent company Dalian Wanda Business Management Group is even larger, in 2022, Dalian Wanda Business Management revenue 49.314 billion yuan, net profit 12.301 billion yuan.

Taking Zhuhai Wanda as a reference, its revenue is 3 times and 6 times that of Xincheng Holdings and China Resources Vientiane Life Business Management, and 3.4 times that of the entire China Resources Vientiane Life Profit (2.206 billion yuan).

As of the end of 2022, Zhuhai Wanda had 472 projects under management, covering an area of 65.60 million square meters, making it the world’s largest business operations service provider and the only service provider in China to export large-scale management to third parties.

This asset-light model is not only what Wang Jianlin hopes to achieve, but also favored by capital markets. In Hong Kong stocks, the price-to-earnings ratio of China Resources Vientiane Life is nearly 5 times that of China Resources Land. The market value of Country Garden Services once exceeded that of Country Garden, which is mainly engaged in real estate development. Vanke also split All Things Cloud and listed it in Hong Kong.

The "limit for betting" has been reduced, and the listing battle of Zhuhai Wanda will most likely determine the fate of the real estate kingdom. But Wang Jianlin, a soldier, will not easily admit defeat. For now, this big gamble continues.

In April last year, Wang Jianlin took over the 10-year operation rights of the commercial project owned by Hu Baosen, "the first brother of Henan Real Estate"; five months later, two Wanda workshops in Zhengzhou opened at the same time.

In addition, Wang Jianlin also worked with Xinyuan Zhang Yong and Shanxi Tian Sen Du Yinwu, and took over the operation rights of Beijing Blue Harbor and Wukesong Zhuozhan Shopping Center. In 2022 alone, Wanda Commercial Management was involved in more than a dozen transactions.

Taking advantage of the recovery in consumption after the epidemic, Wanda is back on the road. The latest data shows that Wanda Commercial Management Group opened 12 Wanda Plaza in the first half of 2023, with a total of 484 openings. Total rental income in the first half reached 26.32 billion yuan, an increase of 4.5% year-on-year;

In addition, compared with other business management service providers, Wanda is more efficient, with a rental rate of 98.2% in the first half of the year and a 100% rent collection.

In addition to the core sector of business management, Wang Jianlin also pointed out at the annual meeting that in 2023, in addition to promoting the listing of Zhuhai Wanda Business Management, there will be cultural tourism "starting again".

After selling a number of cultural tourism assets to collect funds, Wanda Cultural Tourism "came back" in 2023. After the Lunar New Year, the once-quiet Wang Jianlin made frequent appearances, appearing in Luoyang White Horse Temple, Luoyi Ancient City, Guizhou Danzhai and other places, and immediately signed a number of cultural tourism projects.

Not only that, Wanda also issued a recruitment announcement called "Return to the Goose Plan", which is intended to bring back people who have worked at Wanda Hotels. More than 100 Wanda hotels are said to have participated in the campaign.

Residential real estate has also begun to return to the public eye. Wanda Real Estate (residential sector) focuses on Wanda’s commercial development and has been located in Wuhan, Guiyang and other places.

"In China’s real estate industry, Wang Jianlin deserves to be ranked first in terms of strategic execution and tactical discipline." Hu Baosen said of Wang Jianlin.

From surviving with a broken arm in 2017 to today’s massive counteroffensive, Wang Jianlin has taken precautions and acted countercyclically, which is the key to Wanda’s long-term survival.

Wang Jianlin once said: "Wanda’s difficulties are only temporary and phased, and Wanda will never lie flat." However, since the beginning of the year, the negative news lingering on Wanda has continued to ferment, causing Wanda, who originally "went ashore early", to once again fall into doubt.

However, these negative news are not completely real, and there are still many controversies. For example, the previously frozen equity of Dalian Wanda Commercial Management 1.90 billion, which Wanda said was worth far more than 1 billion yuan in property disputes. Wanda is using legal channels to safeguard the legitimate rights and interests of the company.

Previously, Dalian Wanda suspended the small public debt of 6 billion yuan, taking into account the current market conditions and voluntarily giving up the issuance, and will not have a direct impact on the listing of Zhuhai Wanda.

In fact, after the crisis in 2017, after Wanda repaid more than 200 billion in debt, the "debt nuclear bomb" has been dismantled. The decisive transformation to light assets has also made Wanda lighter.

Moreover, compared with the crazy leveraging companies such as Sunac and Evergrande, Wang Jianlin has a more forward-looking strategic vision. He often takes precautions before the storm, even at the risk of breaking his wrists, ultimately escaping disaster.

At another crucial crossroads, the former richest man in China is facing a crucial battle.

As his favorite song sings: "I want to go from south to north, and I want to go from white to black." At the age of 69, he chose to stubbornly continue to fight.

　

In 2023, the first adjustment of domestic oil prices will rise; Will there be a wave of price increases for mainstream car companies early next year？

1. In 2023, the first adjustment of domestic oil prices will rise.

According to the domestic refined oil price adjustment rules, a new round of refined oil retail price limit adjustment window will open at 24: 00 on January 3, 2023. As of December 27th, on the 6th working day, with reference to the crude oil change rate of 4.87%, it is predicted that gasoline and diesel will be raised by 275 yuan/ton, and after conversion, it will be raised by 0.21-0.24 yuan/liter. At present, the 4 cents that fell only last week has increased by half. According to this calculation, it will cost about 10.5-12 yuan to fill a tank with a capacity of 50L.

The date of price adjustment (24: 00 on January 3) is getting closer and closer, and downward adjustment is impossible. Oil prices will usher in the "first price increase" in 2023, and riders can refuel in advance.

2. Will there be a price hike for mainstream car companies early next year?

In order to seize the last wave of policy dividends, a group of new energy vehicle companies launched an unprecedented limited-time insured promotion war when the "state subsidy" entered the countdown. According to incomplete statistics, since November, more than 20 car companies have successively introduced time-limited insurance policies: some car companies have adopted the method of "locking orders before the year, paying a deposit and enjoying state subsidies in 2022", while others have played a combination boxing scheme of "insurance within the year+price increase after the year". Among them, BYD, which has completed the annual sales target of 1.5 million vehicles ahead of schedule, took the lead in launching the "first shot" of price increase.

In the price increase statements of various car companies, "the subsidy policy for the purchase of new energy vehicles will be terminated on December 31, 2022, and the countries that have licensed vehicles will no longer give subsidies" and "the prices of major raw materials such as batteries continue to rise sharply" are two essential reasons. In recent years, the continuous high sales of new energy vehicles directly boosted the growth of lithium battery loading. However, the explosive growth of terminal demand has caused the price of lithium material, which is an important raw material for vehicle power batteries, to soar. From the low price of 41,000 yuan/ton in June 2020 to the high price of 537,500 yuan/ton on October 18, 2022, the price of battery-grade lithium carbonate rose by more than 12 times, up by more than 8 times compared with the beginning of last year.

According to the analysis of Cui Dongshu, secretary-general of the Association, the net profit rate of lithium mine business of leading enterprises is around 70% this year, and the profit rate of power battery enterprises is around 8%, but the profit rate of vehicle enterprises is only around 5%. Obviously, the rising prices of raw materials have directly squeezed the profits of car companies. Therefore, in the context of the withdrawal of "state subsidy", I am afraid that more new energy vehicle companies will join the price increase camp in 2023.

3. Weimar Automobile was applied for freezing property.

Weimar Automobile, once one of the "Four Little Dragons", a new force to build cars, is living in the dilemma of "lack of money". From the aggravation of losses to internal salary reduction, from the power lock-up storm to the decline in sales, coupled with the IPO being blocked and patent compensation … Weimar Automobile was particularly cold this winter, but unfortunately it did not stop there.

Recently, Anji Zhixing Logistics Co., Ltd. and Weimar New Energy Automobile Sales (Shanghai) Co., Ltd. and Weimar Automobile Technology Group Co., Ltd. made public the non-litigation preservation review ruling. According to the documents, the applicant Anji Zhixing Logistics Company requested the court to seal up and freeze the property of the respondent Weimar Company and Weimar Company worth 76.52 million yuan. The court held that Anji Zhixing Logistics Company’s application was in compliance with the law and was ruled to be executed.

However, it is noteworthy that Weimar Automotive Technology (Sichuan) Co., Ltd. has recently undergone a number of industrial and commercial changes, with its registered capital increased from 170 million yuan to 520 million yuan, its legal representative, executive director and manager changed from Freeman Shen to Wei Wei, and Mianyang Anzhou Investment Holding Group Co., Ltd. became the new shareholder of the company. I wonder if the blessing of the state-owned party will bring a new situation to Weimar Automobile?

4. Or introduce new models, and expose the product planning of GAC Toyota.

On December 21st, the fifth plant of GAC Toyota New Energy Vehicle was officially put into operation, with an annual production capacity of 200,000 vehicles. Then on December 26th, GAC Toyota officially reached the milestone of annual output of 1 million units. A few days ago, some domestic media exposed the production plan of the fifth factory. The 200,000 new cars in the new factory are all new energy products. In addition to the confirmed pure electric medium-sized SUV bZ4X, there will be brand-new SUVs and MPV models.

According to Toyota’s recent product planning, the SUV model may be the Grand Highlander which will be launched in February next year. The MPV model is still mysterious, because there is no pure electric MPV product in Toyota’s planning. In addition, the sixth plant of GAC Toyota may also be planned, and it is expected to start construction in 2023 and officially put into production in 2025.

5. Land Rover Defender Special Edition sold 898,000, and 130 pre-sold 1.198 million.

2023 is the 75th anniversary of the Land Rover brand. To celebrate this milestone, Land Rover launched the legendary version of the 75th anniversary of Defender, and the prices of the two models were 898,000 yuan and 958,000 yuan respectively. This car continues the design of the ordinary version and introduces the iconic Grassmill green to commemorate the Land Rover Series I launched in 1948.

At the same time, the Guardian 130 also started the pre-sale, offering two models with optional extended light kit and off-road kit, with a pre-sale price of 1.198 million yuan. The new car can be regarded as an extended version of the 110, with a length of 5100mm and a wheelbase of 3022mm, and an eight-seat layout of 2+3+3 is adopted in the car. The power is equipped with a power combination of 3.0T six-cylinder double supercharged engine and +48V light mixing.

6. Starway Eta Ursae Majoris made its debut and started blind booking.

Star Road Eta Ursae Majoris officially appeared and opened a blind subscription, with a price range of 170,000-220,000 yuan. The new car is based on Starway M3X Mars Architecture 2.0, with a length of 4781mm and a wheelbase of 2815mm, and is positioned as a medium-sized SUV. In terms of appearance, the grid with borderless style, the through LED strip and the dot-matrix light groups in the fog lights on both sides increase the recognition of the whole vehicle. From the side of the car body, a sporty coupe SUV shape is adopted. A large number of horizontal lines are used at the rear of the car, and the penetrating taillights further stretch the visual width of the tail.

The interior design is simple and fashionable, equipped with a 24.6-inch curved dual screen, built-in Qualcomm 8155 intelligent cockpit chip and Horizon J3 driver-assisted chip, which supports functions such as WHUD, ARHUD and 50W mobile phone charging. The power is equipped with a 2.0T engine and matched with a 7-speed dual-clutch gearbox.

7. Weilai will sell more than Lexus next year.

Li Bin, the founder and chairman of Weilai, said in an exclusive interview with the media in Weilai, 2022 that 2023 will be the year when the sales of the second-generation platform will be released, and three new cars will be released next year. It is expected that the overall sales potential of the second-generation platform will be seen in the fourth quarter of next year. The internal sales target for next year is to exceed the sales of Lexus fuel vehicles. Qin Lihong, president of Weilai, said that there was "little pressure" to achieve this goal.

The data shows that from January to November this year, Weilai Automobile delivered a total of 106,700 new cars. Lexus’s performance has declined this year, with a cumulative sales volume of 168,600 vehicles from January to November. There is a gap of more than 60,000 vehicles between them. Judging from the sales volume of 227,000 vehicles of Lexus in China in 2021, the sales volume of Weilai Automobile will reach 19,000 vehicles at least every month. Weilai has obvious advantages among competitors at the same level, and has attracted a large number of loyal fans. As for whether Li Bin’s statement that "the sales volume will definitely exceed the sales volume of Lexus fuel vehicles next year" can be achieved, we may wish to wait and see.

8. Two-door and four-seat layout, Geely Panda mini will be unveiled soon.

We learned from the official that Geely Panda mini will be unveiled at the Guangzhou Auto Show, which will open on December 30th. As a brand-new micro electric vehicle, the new car is small and cute, and it is more cute with a round headlight group. In terms of size, the length of the car is 3065mm, the wheelbase is 2015mm, and the layout of two doors and four seats is adopted. According to the application information, the car will be equipped with a 30kW motor and a lithium iron phosphate battery provided by Guoxuan Hi-Tech, with a pure electric cruising range of about 200 kilometers.

The market segment of mini pure trams has become another strategic goal of various car companies. As for whether Geely Panda Mini can be recognized by the market, it depends on whether it can match the price range accepted by consumers.