Interview with the director of the jury award "New Order", why can this film subvert the three views?

At the 77th Venice Film Festival, The New Order directed by Michel Franco won the jury prize. The interview of Ifeng film was very lucky, and I got an exclusive interview with the Mexican director.

There is no film similar to New Order in this world.

The audience thought they had seen everything on the big screen: riots, mutinies, robberies, massacres, rapes, lies, betrayals, money and power transactions … but they didn’t see the hell on earth in Michel Franco’s hands.

This 88-minute Mexican film "New Order" is the shortest film in the main competition unit of this year’s Venice Film Festival, but it is the most intense film looking at the whole film festival and even the film market throughout the year.

Sitting in the cinema, reporters and audiences almost forgot the time-it’s not that they can’t feel the length or short of the film, and they don’t want the film to end, but that time almost doesn’t exist and time is not important.

The film tells the story of the civil riots and military coups in Mexico City in the near future, which have been compressed for several months. But when you watch this film, it’s like being in the Xiuluo field in person, chasing every second, and all the events are happening in real time.

Bergman’s Shame is far away from the island, Kubrick’s clockwork orange is covered by night, the documentary of The Battle of Algiers is accompanied by overflowing passion, and Haneck’s Wolf Time is fabled …

"New Order" is not a work that follows the master’s footsteps.

"New Order" is vigorous, while "The Clown" is simply a romantic oil painting, which is beautiful. The New Order is omnipresent, and Les Miserables is nothing but petty street guerrilla warfare in front of it. Other big productions that smash real money simply don’t come to make a fool of oneself. The New Order is a dystopian narrative that grew up in a more savage place than the jungle, and it is really chilling.

You can’t find any contemporary films that can be used as targets, and you can’t classify them.

The starting point of New Order is small and precise, starting with a wedding of a privileged family.

Father and mother are exquisite in all directions, collecting red envelopes and trading money and power; Once a servant’s life was hanging by a thread, but he was given a cold shoulder at the door of a lively party. In spite of her brother’s objection and the groom’s indifference, the kind bride Marianne decided to go to the slum to help her former servant herself.

Who knows that Marianne went there and never came back.

Rioting people broke into Marianne’s house with murder weapons, burning and looting. Except Marta, the housekeeper, all the servants in the house joined the mob, and the wedding banquet became hell. All the guests who came to the wedding became lambs to be slaughtered.

Marianne’s father was shot and injured, her mother was shot in the head after opening the safe, and her pregnant sister-in-law was killed on the spot, one body and two lives.

Marianne’s family was not the only one who suffered this. At this time, the whole Mexico City was out of control, with corpses everywhere and fanatics all over the street. Even the hospitals were completely occupied and suffered a bloodbath.

Although Marianne escaped by mistake because she went out temporarily, of course, she couldn’t save anyone when the hospital fell, and she was trapped in a slum.

Soldiers patrolling around found her hiding place and tricked her into a prison for the rich in the name of taking her home.

It turns out that the army has also defected and used armed forces to plunder and kill on a larger scale and more efficiently; They also developed a task force to kidnap and imprison rich people and carry out extortion, and Marianne was one of the victims.

At the same time, Marian’s father and brother have got in touch with those in power, and they have been rescued and sheltered, regardless of the chaos and sorrow outside.

But it was not the father and son who first received the kidnapping letter from the army, but Marta, the housekeeper who helped Marianne hide at the beginning of the riot, and his son Christian.

Good people’s hearts, accumulated wealth and the human ties of the army were not worth mentioning in the last days of France, and Marianne’s future was bleak.

"New Order" is a purely fictional work, and the plot is neither unusual nor dramatic. Director Michel Franco has no intention of setting suspense from beginning to end, but the audience will have to wait until the end to understand the shocking truth.

When I just finished watching this film, it was really difficult to summarize what the film was about-the main line was concise, but there were too many elements and the hidden information was overloaded.

If we have to describe what kind of film this is, the answer provided by the director is: New Order is a dystopian film.

But how can there be such a realistic and penetrating dystopian film?

The film written by this director five years ago is so close to our real life today, when the epidemic is raging, globalization is declining, countries’ economies and cultures are embroiled, and social contradictions are intensifying. It makes people wonder whether the script writing is based on the horror valley theory.

But Michel Franco doesn’t think so. He will politely emphasize that this is not reality-because reality is more cruel.

Yes, although watching "New Order" will probably be the scariest experience of many people’s movie-watching career, you can’t say that it is a violent, horrible and cruel movie.

Because the director doesn’t bother to show plasma, knives and guns, and he doesn’t feature the process of killing, rape or abuse at all-that is the low-level violence that "nipple entertainment" will rely on.

The horror of "New Order" permeates every frame of the film, lurks in the unpredictable fate and state of affairs, and is hidden in the dismantling and tracing of violence-the terrible thing is not the violence itself, but the reason why it will happen, and the reason why it will happen.

Mexico City, in the midst of riots and political changes, is in complete disorder and rage; But this kind of terror is not beyond understanding. It is a huge entity that all people who have the least understanding of the opposition between the state machine and personal destiny can be immediately frightened.

From the perspective of pure film production and technology, New Order is also very amazing, which was realized only after leaving the cinema: the audience did not feel the manipulation of audio-visual language at all, in fact, they did not pay attention to the existence of audio-visual language at all.

There is no hand-held lens shaking to form an off-site personality in "New Order", and there is no show-off skill in editing.

Its lens language is so calm and objective, but this calm and objective is absolutely different from documentary films, and it also draws a clear line with those fake records of posing, which is a pure and unbiased follow-up and observation.

When watching the movie, the author always thought that apart from the brief prologue of Shostakovich’s No.11 symphony at the beginning of the film, the film didn’t use the soundtrack, because there was almost no sound other than the natural environment sound during the whole process, and there was no unnecessary sound to distract attention, so the gunshots were enough to make people feel deaf.

However, when watching the credits carefully, I found that the director used a lot of soundtracks and was completely shocked. The audience and the characters in the film are present at the same time; The characters are running around, holding their breath or crying, while the audience is firmly pressed in the chair, unable to be distracted, and the world outside the screen is gone. Every minute, they feel that they are in great danger like the characters on the screen.

If we must describe the audio-visual style of this film, people will not notice any invisible style of audio-visual design.

It is hard to imagine that "New Order" is such a restrained and precise work in both core and skill, which is almost great.

Horrible, sensational, extraordinary, truly powerful images should be like this, without any part being too prominent, without any shortcomings, and without any fancy skills. All the criteria for judging art are pale, because the soul of its story is too powerful, which is something more real than reality.

Probably the film festival exists for films like New Order. People risked their lives to go to a celebration by the tide, just to witness the appearance of a film like New Order.

After watching "New Order" twice in one day with excitement, Ifeng film interviewed the film director Michel Franco at the first time.

Ifeng Movie: Why is this movie called "New Order"? The whole movie is almost a bloody conflict. The most terrible thing is that there is no order at all, and it feels more like a "new riot" …

Michel Franco:Because calling it a "new order" can attract more investment! I’m worried that this film can’t be seen by more audiences.

I don’t want everyone to think that this is a Mexican movie, a movie about a certain region. Called "New Order", it can attract more audiences, or make the audience realize that what this film wants to express is beyond what is shown on the screen.

The choice of "new order" is probably a bit cynical. After all, at the beginning of the film, it seems that everything is in "order", and then things change suddenly.

Is this change good? New is not necessarily good, not necessarily necessary. But from the experience of Mexico, it can change the reality, and I’m afraid it’s not civilized and peaceful.

At the end of the film, I really hinted that some new order was above all this chaos. Only when "New Order" is seen by a wider public can the existence of this film be meaningful and my message can be passed on.

Ifeng movie: Many viewers were frightened when they watched New Order.

Michel Franco:Exactly what I want! My film discusses very serious and heavy topics, which will not make the audience feel relaxed.

But I am very careful when I show violence. I don’t want to film the scenes of those soldiers abusing Marianne. I think that’s beyond the line. Once you cross the line, you are abusing the role and the audience with images, and you will lose the trust of the audience. What I want to film is the achievement of violence, so it is not the violence itself.

New Order is not a film that stimulates the senses. For example, 120 Days in Sodoma belongs to this kind of film that stimulates the senses. It is just to make you feel uncomfortable. Another example is clockwork orange, which is much more wild and violent than my movies.

Violence is abused in contemporary movies.But I’m actually very restrained. If riots or mutinies happen in reality, it’s definitely much more terrible than what I showed in my movies. The audience was threatened and provoked by the events themselves in New Order.

Ifeng movie: Is "New Order" to provoke the audience?

Michel Franco:Right. I am the kind of audience who likes to be provoked, challenged and shocked. Movies should not be just an entertainment product. You have to discuss those difficult and even painful things with the audience.

I know I gave a cruel ending to New Order, which may be uncomfortable, but since the topic I want to discuss is cruel, it would be hypocritical to arrange a bright ending full of hope.

Ifeng movie: I think you have done all this. The audience was scared when they watched New Order, and it was also because the completion of the film was so high that it was almost impossible to tell the difference between reality and reality.

Michel Franco:I want people to feel real, and I think my films are also real, especially the behavior and motivation of the characters in the films, which are close to life and can make people highly empathetic.

I certainly hope that what happened in New Order is not true. But if we look back at history, it is not uncommon for dictators to take power and the military to take charge in South America, Chile, Colombia or many other places in the world.

This story is set in the near future in Mexico, so it is very close to reality … but I hope Mexico won’t come to this.

There is no light and hope in the movie, and my hope lies in real life; If the audience is deeply shocked by this fictional film and decides to change the bad reality-social inequality and class gap-with behavior, then this is the real hope brought by this film.

Ifeng movie: "New Order" severely ridiculed the upper class and the rich. In this riot that almost destroyed everything, money and power do not mean that absolute security can be obtained.

Michel Franco:Exactly. I often see rich and powerful people in Mexico say, "Is the country going to die? It doesn’t matter, let’s hire more bodyguards. "

I find it absurd and irritating. Where did this belief in money and power come from? Can you buy loyalty? Can you buy personal safety if the country is finished? How do you know that these people armed with your money will unswervingly protect you in the turmoil, instead of pointing a gun at your head and asking you to hand over all your money?

Look at Felipe, the head security officer of the protagonist’s house in New Order. The shot he turned on was the key moment of the whole situation change.

Ifeng movie: You have been kidnapped yourself, haven’t you?

Michel Franco:Yes, when I was about twenty years old. My friends and I will joke now and call that kidnapping "highway kidnapping" At that time, I was stuck in a strange car, which kept speeding at high speed and didn’t stop all night.

There were many moments when I really thought I might have died that night. But there’s nothing to make a fuss about. I know many people who have been kidnapped.

Have you ever had a gun to your head? I have, many times. I know a lot of people who have been put a gun to their heads many times. This is very common in Mexico.

Did they shoot? No. If you are not dead, you can only get used to these things. Now we will say: threatened by a gun? Kidnapped? Life is like this.

It’s ridiculous to think about it, but there’s nothing you can do. After a long time, you get used to taking the worst as the normal state of life.

Ifeng Movie: What kind of family and class do you come from?

Michel Franco:I live in a very high-end neighborhood, and I am one of those privileged classes who live in illusion. But just like in the movie, the heroine’s home is only 20 minutes’ drive from the servant’s home; My home is ten minutes’ drive from the slum.

Mexico is a place where there is a big gap between the rich and the poor, but everyone lives together. Unless I am blind, I can’t see how hard the bottom people live. I have a conscience and I care about reality. If I were from the bottom, I would resort to violence, because there is no way out.

This is also the reason why I criticize the privileged class. I am one of them, and each of us is part of the problem. People with money or other resources should be able to make changes. But we haven’t done anything now. So I made this movie.

Ifeng movie: From this point of view, I really want to praise the design of the opening wedding scene: when a privileged family celebrates the wedding, a low-level person and their former servant come to seek emergency assistance. This contrast is really too intuitive.

Michel Franco:Well, if Roland came on another day, things might not be so interesting; A wedding is a perfect occasion to expose contradictions organically.

But it’s also ridiculous, isn’t it? Roland’s wife’s life hangs by a thread, but these rich people say, Oh, I’m too busy today, and the time is not right. Come another day.

However, the role of the wedding is not limited to these. The protagonist’s family used their daughter’s wedding as a cover for their collusion and dirty business dealings. They used the wedding to show off their wealth, while using the wedding to collect money.

I am actually a very patriotic person. I know many people don’t think so, but I don’t care what they think. I really am. Patriots will feel very painful when there is a problem in the country, and ta has the responsibility to discuss these things that no one wants to mention.

Ifeng movies: As an art film director, most of your previous works are medium and small budget movies. This time, I directed a relatively large-scale film. Are there any different feelings?

Michel Franco:This is not a very expensive movie. Does it look expensive? I can tell you that "Chronic" filmed in Los Angeles is much more expensive than this movie, because Los Angeles is a very expensive place, and everything costs a lot.

I made my own production for New Order. I’ve always wanted to get more investment, and I’ve been waiting for more money, but the money has never been enough. Not without investment, but very little.

Those who invested in me told me that we didn’t give you money because we thought it was a good story, but because we believed you.

I kept lobbying investors, but no one understood the script, and no one could understand what I really wanted to shoot. I told them that I would seal off the important streets and famous buildings in Mexico City and shoot some scenes of dead bodies everywhere. I want the helicopter to take some overhead shots; I plan to shoot a grand wedding at the beginning. It’s very expensive, you know-they all think I’m crazy, or I’m just a poseur director cheating money everywhere.

If I make a positive film, it will probably be easy to find investment, but who wants to make that kind of thing?

I know New Order will be a great movie. This is my longest project, because I have been waiting for the money to arrive. But then I decided to accept the reality that money would not be enough. If you don’t have enough money, you have to shoot a big scene and hire more than 3 thousand extras.

But I’m glad you think my movie looks expensive (laughs).

Ifeng movie: Now everyone knows that New Order is a good story and a good movie.

Michel Franco:Yes, but you can’t know until you see the movie. I have been talking to other filmmakers about my project before I made it, and they don’t believe that the money is not enough to make a good movie. But my investment has never reached my ideal number, and I am used to it.

Ifeng Movie: Will New Order be released in Mexico soon?

Michel Franco:If the epidemic situation can improve and the cinema can open. Now my investors love this movie. They just gave me so little money. As a result, now they say that this is a very good commercial film, and we feel that at least more than 2,000 screens should be given to it to improve the film arrangement rate.

I don’t understand the business of this movie at all, but I’m glad they think so!

The purpose of making this film is to let more people see it.

The mission of this film is to arouse discussion about social inequality, tyranny and violence, and make people pay attention to these things again. To do this, the first step is to find my audience and let them see this film. Otherwise, making this film will be an academic act, and I’m not interested in things on paper.

"Two Worlds of Happiness" will usher in the finale, and the story of Alan Yu and Yukee Chen”s heart abuse will attack

1905 movie network news Because of the obscurity, the sweet love drama in ancient costume starring Yukee Chen’ is being broadcasted exclusively by iQiyi. Since its launch on February 21, it has been in the forefront of the major rankings inside and outside the station. Last Friday to Sunday, the fourth week’s update was ushered in. The enjoyable drama of "Ayuan is hard and Wang Zesheng" was well received by the audience, and the porcelain bowl couple’s sadomasochism escalated.


On March 20th, "Two Worlds of Happiness" is about to close its membership. The "two generations" bumpy porcelain bowl couple will also accept new challenges. In addition, Qi Xin punishes the evil King Yeh, knowing how the feud between Aunt Xia and Ayuan will develop, and whether the couple with sweet and abusive porcelain bowls can have a happy ending as the audience wishes?


In the fourth week, the topic of heat continued to go high, and the porcelain bowl couple abused their hearts.

Since the broadcast of "Two Worlds of Happiness", the results of each list have been rising. The highest heat in the iQiyi station is as high as 8032, ranking among the best in the total list of TV dramas. In addition, it has been in the forefront of the list of cat’s eye, Detawen, Guduo, Yunhe and other industries. It has been on the hot search for four weeks since its launch, and the discussion on tap water topics on non-update days has been heated. Last week, the couple in porcelain bowls cried tears with high energy, and # Jingci vomited blood again # soared to the hot search list in Weibo, showing the netizens’ concern about the plot.

In addition, updating the interaction of artists on the same day, Yukee Chen’ and Ayuan released an expression pack of "good spirit" in Lanyue Lake: "Ignore me tonight, and I will …" Subsequently, Zhang Sifan, Ma Yue, Wang Gongliang and other actors forwarded it one after another to "feel aggrieved" for Ayuan. Netizens spontaneously changed their names to Ayuan’s support: "Today he ignores you, tomorrow you will abuse him", "The Qinhe team is standing in Ayuan, and the scene is so miserable" and "Ayuan really has personality" …… The scene is very lively.


Last week, the porcelain bowl couple entered Heart Abuse 2.0, and the plot was full of high-energy tears. Aunt Zhixia got in the way, and Ayuan didn’t receive the letter left by Jingci before leaving Qinhe, which led to the misunderstanding between the couple, and Ayuan was chilling. Jingci clearly knew everything, but he didn’t tell Ayuan, and even "resigned" to accept Ayuan’s marriage with Mu Beiyan. In particular, Ayuan was framed by Wang Zesheng in Lanyuehu, and Jing Ci stood on Wang Zesheng’s side to protect Ayuan. This move broke Ayuan’s heart and proved his innocence. Ayuan chopped his purse and wanted to "past lives, make a clean break".This episode made netizens cry their hearts out, leaving messages: "I’ll forget about the abuse", "My eyes are swollen and I feel sorry for the porcelain bowl couple" and "Please explain the scene quickly".


Later, Ayuan learned the mystery of his life experience, and was framed and imprisoned by the king of Ye. Even the closest deer died tragically in prison. For a time, Ayuan suffered multiple blows, and the story of heart abuse attracted hot discussion from netizens: "The name of Ershi Huan was changed to Ershi Abuse, and every episode was crying."


Apart from the story of the heart abuse of the porcelain bowl couple, Wang Zesheng designed to frame Ayuan, and Ayuan, a strong woman, went online, which not only made Wang Zesheng mad, but also proved that Wang Zesheng deliberately framed the "Moon Lake Incident". Then, she threw away the medicine that Wang Zesheng gave her to restore her memory, and angered Wang Zesheng: "I won’t let you bully me again." Ayuan’s "revenge" plot made netizens applaud.


The MV of "No Regret" shows Mu Beiyan’s infatuation, and the ending of "Two Worlds" this week triggered expectations.

Recently, Ershihuan released the episode "No Regret" MV, in which Zhang Sifan, the actor of Mu Beiyan, was specially invited to sing, and "Xiao He Wang Ye" used a low voice to tell Mu Beiyan’s infatuation with Yuan Qingyi: Yuan Qingyi, a childhood friend, ruined his reputation for love, but he was desperate to protect this girl; Later, Feng Mian started his "Second" life as the original Qing Li, and Qinhe lived together day and night, which made him hopelessly fall in love with Ayuan, who was more independent, and stayed with her. ……

The sad melody sings Xiao He Wang Ye’s infatuation to protect the heart of "Two Worlds": "Planting two words in your heart is called not regretting". Ruthless infatuation, infatuation and ruthlessness, Prince Xiaohe’s infatuation and devotion can only bless the two sisters of the original family to find happiness. This contrast is even more cruel than the sadomasochism of the porcelain bowl couple.


This week, VIP members are about to close, and the finale is multi-line, with continuous reversal and continuous high-energy plot. Along the way, the porcelain bowl couple experienced a tortuous process of sweetness, heart abuse and heart abuse 2.0. The roller coaster-style love hung the appetite of the audience. Can the porcelain bowl couple who have been thinking about it for a month reap the "two-world joy" ending?

In addition, the suspense line of the series "brain burning" will also be uncovered one by one. When did King Ye, who dressed as a pig and ate a tiger, start planning everything, and what was his purpose? In addition, there is a high-energy tear point — — The two sisters of the original family, who were separated from the original Qing Dynasty on a windy night, finally reunited after 20 years. More "Two Worlds of Happiness" was finally declassified, so please look forward to the final update of iQiyi this weekend.


"Two Worlds of Happiness" is adapted from the novel of the same name "Lonely Moon and Bright Moon", which is produced by iQiyi and produced by iQiyi Artist Studio. Every Friday to Sunday at 8: 00 pm, 2 episodes will be updated, and members will watch one week (6 episodes) first.


"You are my spring" exposed the "going" version to announce that Huang Xiaoming was splashed.


1905 movie network news The film starring Zhang Hong as the chief producer, Zhang Hong as the chief producer, Zhang Zhang, Zhang Zhang, Zhang Zhang, Zhang Zhang, Zhang Zhang, Zhang Zhang, Zhang Zhang, Zhang Zhang, Zhang Zhang, Zhang Zhang, Zhang Zhang Zhang, Zhang Zhang Zhang, Zhang Zhang Zhang, Zhang Zhang Zhang, Zhang Zhang Zhang, Zhang Zhang Zhang, Zhang Zhang Zhang Zhang, Zhang Zhang Zhang Zhang, Zhang Zhang Zhang Zhang, Zhang Zhang Zhang Zhang Zhang Zhang Zhang, Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang, Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang Zhang, Zhang Zhang Zhang Zhang Zhang In the trailer, we show the relationships among the characters, such as long-distance lovers who never give up in the epidemic, migrant workers who do not leave their names in Wuhan, community grass-roots workers who stick to their posts, medical workers who fight for the front line and give their lives to themselves, and medical families who help Hubei, which separate the two places. All of them go bravely for their love, and everyone is making an agreement with you in front of the screen.


Zhou Dongyu and YIN FANG interpret the most beautiful appearance of love.

Huang Xiaoming’s humorous interpretation of "fatherly kindness and filial piety"


The trailer starts with Shang Xiaoyu played by Zhou Dongyu and Li Nanfeng played by YIN FANG. With the idea of "Don’t be afraid, I must see you", Li Nanfeng firmly rode to Shang Xiaoyu’s side to meet her. Outside the ward, with the distance between the rooftop and the window, he took Xiaoyu to see the "sea" and fireworks they agreed on in his unique way. The picture of Zhou Dongyu wearing an oxygen mask was real and moving, and he combined various states of discomfort, surprise and emotion with a tearful expression in his smile.


As soon as the camera turns, Liu Erhong (played by Song Xiaobao) and Wang Dapeng (played by Pan Binlong) drive trucks "retrograde" to sick old people in Wuhan and Lu Yu. Although they were worried about the risk more than once, they made up their minds to carry the old man to the hospital, explaining the warm encounter between strangers. Lao Wang (played by Wang Jingchun), the secretary of the community, gained everyone’s understanding and respect when he served the residents in the closed community, including Mai (played by Angel), who lived alone at home because his mother was fighting against the epidemic. When the secretary had to leave his post temporarily, Mai and all the residents saw him off and lit up a "starry sky" with a mobile phone flash, expecting the secretary to meet again after his safe return.


Gong Chen (played by Chao Huang) and Yang Shan (played by yangsi) each wear cool protective clothing to fight against "death" in the hospital, but they always insist on meeting in the warm color of spring; His wife Wang Yaer (played by Song Jia) left home to help Hubei, and her husband Li Jing (played by Huang Xiaoming) stayed in Sichuan to take care of his son alone. However, in the earthquake, his "son" Lele (played by Zhang Hangcheng) splashed his face with instant noodles, which was dubbed by netizens as "Huang Xiaoming turned yellow and poured bright flowers". This humorous scene of "father’s filial piety" revealed a father’s slightly "clumsy" love for his children.


The stars bravely go to the one they love.

Meet the person you want to see on April 2! Take advantage of spring. "


The film "You are my spring" tells the warm story of ordinary people watching each other in difficulties from a down-to-earth perspective. A series of questions in this trailer, such as "You must be distressed", "Will you be flustered" and "Are you still insisting", are not only questions about the situation of each character, but also express the sincere resonance of every audience.


Combined with the newly released stills, the relationship between the characters in the story is more clear, and it also corresponds to the connection between people in real life: long-distance lovers who never leave in the epidemic, migrant workers who do not leave their names in Wuhan, grassroots people who stick to their posts, medical workers who fight for the front line and give themselves up, and medical families who help Hubei & HELIP; …


In a special period, these ordinary people who are still humble and full of hope in the face of the real situation, just like every "you" and "me", are heading for their own hearts, taking pains only to meet the people they want to see. Just like the invitation sent by the whole staff to the audience at the end of the trailer, "Let’s meet! Take advantage of spring. "


The film You Are My Spring was directed by the Chinese Film Association, with Chen Daoming as the chief producer, Huang Bo as the chief producer, Zhang Hong as the chief producer, Zhou Nan, Zhang Chi, Yu-sheng Tian, Dong Yue and Rao Xiaozhi as the directors, Zhou Dongyu, YIN FANG, Song Xiaobao, Pan Binlong, Wang Jingchun, Zhao Jinmai, Huang Chao, Yang Si, Huang Xiaoming, Song Jia and Zhang Hangcheng (in order of appearance).


Notice of China Banking and Insurance Regulatory Commission Municipality on Printing and Distributing the Measures for Capital Management of Financial Asset Investment Companies (Trial) Measures for C

China Banking and Insurance Regulatory Commission on printing and distributing financial assets investment companies

Notice of Measures for Capital Management (for Trial Implementation)

Yin Bao Jian Gui [2022] No.12

All banking insurance regulatory bureaus, Industrial and Commercial Bank of China, Agricultural Bank of China, China Bank, China Construction Bank, Bank of Communications, and all financial asset investment companies:

"Measures for Capital Management of Financial Asset Investment Companies (Trial)" has been adopted at the second ministerial meeting in China Banking and Insurance Regulatory Commission in 2022, and is hereby issued to you, please follow it.

China Banking and Insurance Regulatory Commission

June 17, 2022

Measures for capital management of financial asset investment companies (for Trial Implementation)

Chapter I General Principles

the first In order to strengthen the capital supervision of financial asset investment companies and promote the stable operation of financial asset investment companies, these Measures are formulated in accordance with the Banking Supervision Law of the People’s Republic of China, the Administrative Measures for Financial Asset Investment Companies (Trial) (Order No.4 of the Bank of China Insurance Regulatory Commission in 2018) and other laws and regulations.

the second These Measures shall apply to groups composed of financial asset investment companies and their subsidiaries.

The term "financial asset investment company" as mentioned in these Measures refers to a non-bank financial institution established within the territory of People’s Republic of China (PRC) with the approval of China Banking and Insurance Regulatory Commission, which is mainly engaged in bank debt-to-equity swap (hereinafter referred to as debt-to-equity swap) and supporting business. The term "affiliated institutions" as mentioned in these Measures refers to institutions that are directly or indirectly held by financial asset investment companies and should be included in the scope of consolidated capital supervision in accordance with the provisions of Section V of Chapter II of these Measures.

Article A financial asset investment company shall ensure that the capital it holds can withstand the risks it faces, including group risks, individual risks and systemic risks.

Article 4 A financial asset investment company shall continuously meet the regulatory requirements and indicators of capital adequacy as stipulated in these Measures.

Article 5 The term "capital adequacy ratio" as mentioned in these Measures refers to the ratio between capital and risk-weighted assets held by financial asset investment companies that meet the requirements of these Measures.

Tier 1 capital adequacy ratio refers to the ratio between tier 1 capital and risk-weighted assets held by financial asset investment companies that meet the requirements of these Measures.

Core Tier 1 capital adequacy ratio refers to the ratio between core Tier 1 capital and risk-weighted assets held by financial asset investment companies that meet the requirements of these Measures.

Article 6 A financial asset investment company shall calculate the consolidated and non-consolidated capital adequacy ratio in accordance with the provisions of these Measures.

Article 7 The term "net capital" as mentioned in these Measures refers to the capital balance after deduction from all levels of capital held by financial asset investment companies and affiliated institutions that meet the provisions of these Measures.

Article 8 In addition to the above regulatory requirements for capital adequacy ratio, financial asset investment companies should also meet the regulatory requirements for leverage ratio.

The term "leverage ratio" as mentioned in these Measures refers to the ratio between the net Tier 1 capital held by a financial asset investment company and the adjusted balance of assets on the balance sheet and the balance of off-balance sheet items.

Article 9 A financial asset investment company shall establish a comprehensive risk management framework and internal capital adequacy management and evaluation procedures.

Article 10 China Banking and Insurance Regulatory Commission and its dispatched offices shall, in accordance with these Measures, conduct daily supervision and on-site inspection on the capital adequacy and capital management of financial asset investment companies, and may take corresponding supervision measures as appropriate.

Chapter II Capital Supervision Requirements

Section 1 Calculation of Capital Adequacy Ratio and Regulatory Requirements

Article 11 The formula for calculating the capital adequacy ratio of a financial asset investment company is:

Article 12 The total capital of a financial asset investment company includes core tier 1 capital, other tier 1 capital and tier 2 capital. A financial asset investment company shall calculate all levels of capital and deductions in accordance with the provisions of Section II of this chapter.

Article 13 The risk-weighted assets of financial asset investment companies include credit risk-weighted assets, market risk-weighted assets, operational risk-weighted assets and asset management business risk-weighted assets. A financial asset investment company shall separately measure credit risk-weighted assets, market risk-weighted assets, operational risk-weighted assets and asset management business risk-weighted assets in accordance with the provisions of Section III of this chapter.

Article 14 The capital adequacy ratio of financial asset investment companies at all levels shall not be lower than the following requirements:

(1) The core tier-one capital adequacy ratio shall not be less than 5%;

(2) The Tier 1 capital adequacy ratio shall not be less than 6%;

(3) The capital adequacy ratio shall not be less than 8%.

Article 15 Under certain circumstances, a financial asset investment company shall accrue countercyclical capital above the minimum capital requirement. The countercyclical capital requirement is 0-2.5% of risk-weighted assets, which is met by core Tier 1 capital. The countercyclical capital requirement is determined by China Banking and Insurance Regulatory Commission according to the actual situation.

Section 2 Definition of Capital

Article 16 Core Tier 1 capital includes:

(1) Paid-in capital or common stock;

(2) Capital reserve;

(3) Surplus reserve;

(4) General risk preparation;

(5) Undistributed profits;

(6) Other parts that can be included.

Article 17 Other Tier 1 capital includes:

(1) Other Tier 1 capital instruments;

(2) Premium of other Tier 1 capital instruments.

Article 18 Tier 2 capital includes:

(1) Tier 2 capital instruments;

(2) Premium of secondary capital instruments;

(3) Reserve for excess losses.

Financial asset investment companies should use the weight method to measure credit risk-weighted assets, and the excess loss reserve can be included in tier 2 capital, but it shall not exceed 1.25% of credit risk-weighted assets.

A financial asset investment company shall carry out impairment accounting treatment on financial instruments that need impairment accounting treatment in strict accordance with the requirements of accounting standards and confirm the loss reserve. The excess loss reserve mentioned in the preceding paragraph refers to the part of the loss reserve actually withdrawn by a financial asset investment company that exceeds the balance of non-performing assets.

Article 19 When calculating the capital adequacy ratio, a financial asset investment company shall fully deduct the following items from the core Tier 1 capital:

(1) Goodwill;

(2) Other intangible assets (except land use rights);

(3) Net deferred income tax assets caused by operating losses;

(4) The gap of loss provision for credit risk assets.

The gap of loss reserve refers to the part where the loss reserve actually accrued by a financial asset investment company is lower than the balance of non-performing assets.

Article 20 Capital instruments at all levels held by financial asset investment companies and other financial institutions through agreements, or capital investments at all levels identified by China Banking and Insurance Regulatory Commission and its dispatched offices as inflated capital, should be deducted from the corresponding regulatory capital.

Financial asset investment companies directly or indirectly hold capital instruments at all levels issued by the company, which should be deducted from the corresponding regulatory capital. Financial asset investment companies should deduct the capital investment in affiliated institutions from the capital at all levels when calculating the capital adequacy ratio without consolidation.

Corresponding deduction refers to a one-time full deduction from the corresponding capital of the financial asset investment company. If the net capital of a financial asset investment company at a certain level is less than the amount to be deducted, the gap shall be deducted from the net capital at a higher level.

Article 21 The small minority capital investment made by a financial asset investment company to financial institutions that are not included in the scope of capital supervision, which exceeds 30% of the company’s core tier-one net capital, shall be deducted from the supervision capital at all levels.

Small minority capital investment refers to the capital investment (including direct and indirect investment) of a financial asset investment company to all levels of financial institutions, which accounts for less than 10% (excluding) of the paid-in capital (common stock plus common stock premium) of the invested financial institution, and can be excluded from the scope of capital supervision according to the provisions of Section 5 of this chapter.

Article 22 Among the large minority capital investments made by financial asset investment companies to financial institutions that are not included in the scope of capital supervision, the part where the total core tier-one capital investment exceeds 30% of the company’s net core tier-one capital shall be deducted from the company’s core tier-one capital; Other tier-1 capital investments and tier-2 capital investments shall be fully deducted from the corresponding level of capital.

Large minority capital investment refers to the capital investment (including direct and indirect investment) made by a financial asset investment company to all levels of financial institutions, which accounts for more than 10% (inclusive) of the paid-in capital (common stock plus common stock premium) of the invested financial institution, and may not be included in the scope of capital supervision according to the provisions of Section 5 of this chapter.

Article 23 Except for the net deferred income tax assets specified in Article 19 of these Measures, other net deferred income tax assets that depend on the company’s future earnings, which exceed 10% of the company’s net core tier 1 capital, shall be deducted from the core tier 1 capital.

Article 24 According to the provisions of Article 22 and Article 23 of these Measures, the total amount of large minority capital investment in financial institutions and the corresponding net deferred income tax assets not deducted from the core tier 1 capital of a financial asset investment company shall not exceed 35% of the company’s net core tier 1 capital.

Section 3 Measurement of Risk-weighted Assets

Article 25 Financial asset investment companies use the weight method to measure credit risk-weighted assets.

Article 26 When measuring the risk-weighted assets of various on-balance-sheet assets, a financial asset investment company should first deduct the corresponding impairment reserve from the book value of the assets, and then multiply it by the risk weight.

A financial asset investment company shall measure the credit risk-weighted assets of various on-balance-sheet assets in accordance with the provisions of Annex 1 to these Measures.

Article 27 When a financial asset investment company uses the weighting method to measure credit risk-weighted assets, it may consider the risk mitigation effect of the risk mitigation clause in accordance with the provisions in Annex 1 of these Measures, and the calculation method is as follows:

Credit risk weighted assets = (book value of assets-impairment reserve-book value of risk mitigation tools) × risk weight of assets+book value of risk mitigation tools× risk weight of risk mitigation tools.

Article 28 Financial asset investment companies should adopt the standard method to measure the market risk capital requirements.

Article 29 A financial asset investment company shall formulate clear criteria for the division of trading books and bank books, specify the positions of financial instruments included in trading books and the conditions for transfer between trading books and bank books, and ensure the consistency of implementation.

Article 30 The market risk-weighted assets of financial asset investment companies are 12.5 times of the market risk capital requirements, that is, market risk-weighted assets = market risk capital requirements ×12.5.

Article 31 A financial asset investment company shall separately measure the capital requirements of various asset market risks in accordance with the provisions of Annex 2 to these Measures.

Article 32 Financial asset investment companies should adopt the basic index method to measure the operational risk capital requirements.

Article 33 The operational risk-weighted assets of financial asset investment companies are 12.5 times of the operational risk capital requirements, that is, operational risk-weighted assets = operational risk capital requirements ×12.5.

Article 34 A financial asset investment company shall measure the operational risk capital requirements based on the average total income in the last three years.

Total income shall be confirmed in accordance with the provisions of Annex 3 of these Measures, including investment income, net fee and commission income, net interest income, net income from disposal of non-performing assets and other income.

Operational risk capital shall be measured according to the following formula:

Among them:

KBIAIt is the operational risk capital requirement measured by the basic index method;

GI is the positive total income in each of the past three years;

N is the number of years with positive total income in the past three years;

α is 15%.

Article 35 Financial asset investment companies should measure the risk capital requirements of asset management business.

Article 36 The risk-weighted assets of the asset management business of a financial asset investment company are 12.5 times the risk capital requirement of the asset management business, that is, the risk-weighted assets of the asset management business = the risk capital requirement of the asset management business ×12.5.

Article 37 A financial asset investment company shall measure the risk capital requirements of asset management business in accordance with the provisions of Annex 4 of these Measures.

Article 38 A financial asset investment company shall carefully judge the risk situation faced by its asset management business and ensure that the capital can cover the risk of asset management business.

Section 4 Calculation of Leverage Ratio and Regulatory Requirements

Article 39 The formula for calculating the leverage ratio of a financial asset investment company is:

Leverage ratio = net Tier 1 capital/(adjusted balance of on-balance-sheet assets+balance of off-balance-sheet items) ×100%

Article 40 The adjusted balance of on-balance-sheet assets is the balance of on-balance-sheet assets after deducting Tier 1 capital deduction from the total assets in the table.

Article 41 Off-balance sheet items do not include asset management business. The balance of off-balance-sheet items is the risk exposure calculated by the off-balance-sheet business of financial asset investment companies according to the corresponding credit conversion coefficient, and the credit conversion coefficient of various off-balance-sheet items shall be implemented in accordance with Annex 5 of these Measures.

Article 42 The leverage ratio of a financial asset investment company shall not be less than 6%.

Section 5 Calculation Scope of Consolidated Capital Supervision Indicators

Article 43 The calculation scope of consolidated capital supervision indicators shall include financial asset investment companies and institutions that directly or indirectly invest in them in accordance with the provisions of these Measures.

Article 44 A financial asset investment company shall follow the principle of "substance is more important than form", take control as the basis, and take into account the risk correlation, and include the invested institutions that meet one of the following conditions into the consolidated calculation scope:

(1) The investee directly owned by the financial asset investment company or its affiliated institutions, or jointly owned by the financial asset investment company and its affiliated institutions with more than 50% of the voting rights.

(2) An investee whose financial asset investment company has less than 50% of the voting rights, but is under any of the following circumstances:

1. Having more than 50% of the voting rights of the institution through agreements with other investors;

2. According to the articles of association or agreement, have the right to decide the financial and operating policies of the institution;

3. Have the right to appoint or remove most members of the board of directors of the institution or similar authority;

4. Have a majority of voting rights in the board of directors of the institution or similar authority.

When determining the voting right of the invested institution, we should consider the potential voting factors such as the current convertible corporate bonds and current executable warrants held by the financial asset investment company. The potential voting rights that can be realized in the current period shall be included in the voting rights of the financial asset investment company to the invested institution.

(3) There is other evidence that the invested institution is actually controlled by the financial asset investment company.

Control means that the investor has the power over the investee, enjoys variable returns by participating in the related activities of the investee, and has the ability to influence the amount of returns by using the power over the investee.

Article 45 A financial asset investment company does not have the majority voting rights or control rights of the invested institution, and it shall be included in the calculation range of consolidated capital supervision indicators under any of the following circumstances:

(1) Although the asset size of a single institution accounts for a small proportion of the overall asset size of a financial asset investment company, according to the risk correlation, the overall risk of such institutions is enough to have a significant impact on the financial position and risk level of a financial asset investment company;

(2) The harm and loss caused by the compliance risk and reputation risk of the invested institution are sufficient to have a significant impact on the financial asset investment company.

Article 46 The following invested institutions may not be included in the calculation scope of consolidated capital supervision indicators:

(a) closed or declared bankrupt institutions;

(2) Institutions that have entered liquidation procedures due to termination;

(3) Invested institutions that have evidence to prove that they have decided to sell within three years, and the equity capital of financial asset investment companies or affiliated institutions is more than 50%;

(4) A subsidiary non-financial institution that meets any of the following conditions:

1. The proportion of financial assets in total assets is less than 50% (the scope of financial assets shall conform to the relevant provisions of Accounting Standards for Enterprises No.22-Recognition and Measurement of Financial Instruments);

2. The asset-liability ratio is lower than 70%;

3. It is recognized by China Banking and Insurance Regulatory Commission and its agencies that it has no investment and financing function.

The conditions stipulated in this paragraph are mainly judged according to the arithmetic average of the audited year-end financial statements of the affiliated non-financial institution in the last two years. If it is established less than two years, it can be judged according to the audited financial statements from the date of establishment to the latest period.

Article 47 If a financial asset investment company and its affiliated financial institutions provide long-term repayment guarantee to affiliated non-financial institutions, the non-financial institutions shall be included in the scope of capital supervision; If there is no repayment guarantee or the repayment guarantee can be unconditionally revoked, the financial asset investment company shall handle it according to the principle of prudence. Equity investment through structured entities such as asset management plans and funds should be managed according to the penetrating principle.

Article 48 A financial asset investment company shall strengthen the capital management of its subsidiaries, determine the management requirements for the capital adequacy of its subsidiaries at all levels according to its actual situation, and urge the subsidiaries to continuously meet the capital management and supervision requirements.

Article 49 China Banking and Insurance Regulatory Commission and its dispatched offices have the right to determine and adjust the scope of capital supervision according to the changes in equity structure and risk categories of financial asset investment companies and their investment institutions.

Chapter III Internal Capital Adequacy Assessment Procedures

Article 50 A financial asset investment company shall, in accordance with the regulatory requirements, establish a sound risk management framework and a robust internal capital adequacy assessment procedure, clarify the risk governance structure, carefully assess various risks, capital adequacy levels and capital quality, and formulate capital planning and capital management plans to ensure that capital can fully resist the risks it faces and meet the needs of business development.

Article 51 The board of directors of a financial asset investment company bears the primary responsibility for capital management of the company. The board of directors shall perform the following duties:

(1) Set the risk preference and capital adequacy target suitable for the company’s development strategy and external environment, and examine and approve the internal capital adequacy assessment procedures to ensure that the capital fully covers the major risks.

(2) Examining and approving the company’s capital management system, and ensuring that the capital management policies and control measures are effective.

(3) Examining and approving and supervising the implementation of capital planning. Examine and approve the capital management plan at least once a year, review the capital management report and the internal capital adequacy assessment report, and listen to the audit report on the implementation of the capital management and internal capital adequacy assessment procedures.

(4) Examining and approving the policies, procedures and contents of capital information disclosure, and ensuring the truthfulness, accuracy and completeness of the disclosed information.

(five) to ensure that financial asset investment companies have sufficient resources to independently and effectively carry out capital management.

Article 52 When making a capital plan, a financial asset investment company shall comprehensively consider the results of risk assessment, stress test, future capital demand, capital regulatory requirements and capital availability to ensure that the capital level continuously meets the regulatory requirements. Capital planning should set at least a three-year target of internal capital level.

Article 53 A financial asset investment company shall improve its reporting system, regularly monitor and report the changing trend of the company’s capital level and main influencing factors, and the report shall at least include the following contents:

(1) Assessing the impact of major risks and development trends, strategic objectives and external environment on the capital level;

(2) Assessing whether the capital actually held is sufficient to resist major risks;

(3) Put forward suggestions to ensure that capital can fully cover major risks.

According to the different importance and purpose of the report, a financial asset investment company shall specify the sending scope, contents and details of all kinds of reports, and ensure that the reporting information and frequency meet the needs of the capital management of the financial asset investment company.

A financial asset investment company shall submit a report on capital management and internal capital adequacy assessment to China Banking and Insurance Regulatory Commission within four months after the end of the year.

Chapter IV Supervision and Administration

Article 54 China Banking and Insurance Regulatory Commission and its agencies shall supervise and inspect the capital adequacy of financial asset investment companies to ensure that the capital can fully cover all kinds of risks.

Article 55 China Banking and Insurance Regulatory Commission and its dispatched offices have the right to put forward more prudent additional capital requirements according to the daily supervision and on-site inspection to ensure that the capital fully covers risks, including:

(a) according to the function orientation of a single financial asset investment company, the implementation of development strategy, the operation and development of debt-to-equity swap, etc., the additional capital requirements put forward;

(2) According to the judgment of the risk of a specific asset portfolio and its relevance to the main business, the additional capital requirements for a specific asset portfolio are put forward by adjusting the risk weight and other methods;

(3) According to the fact that a single financial asset investment company has not established an internal capital adequacy assessment procedure, or the internal capital adequacy assessment procedure fails to meet the relevant requirements, combined with the assessment results of the risk situation, the additional capital requirements are put forward for the financial asset investment company;

(4) According to the operational risk management level of a single financial asset investment company and the occurrence of operational risk events, the additional capital requirements for operational risk put forward by the financial asset investment company;

(five) according to the results of supervision and inspection, the additional capital requirements for financial asset investment companies.

Article 56 According to the capital adequacy, China Banking and Insurance Regulatory Commission and its agencies will be divided into three categories of financial asset investment companies:

(1) Class I financial asset investment companies: the capital adequacy ratio, tier 1 capital adequacy ratio and core tier 1 capital adequacy ratio all meet the capital requirements at all levels as stipulated in these Measures.

(2) Type II financial asset investment companies: the capital adequacy ratio, tier 1 capital adequacy ratio and core tier 1 capital adequacy ratio are not lower than the minimum capital requirements and countercyclical capital requirements, but any one of them fails to meet the additional capital requirements.

(3) Category III financial asset investment companies: any one of the capital adequacy ratio, tier 1 capital adequacy ratio and core tier 1 capital adequacy ratio fails to meet the minimum capital requirements and countercyclical capital requirements.

Article 57 For the first type of financial asset investment companies, in order to prevent the rapid decline of their capital adequacy level, China Banking and Insurance Regulatory Commission and its dispatched offices may put forward the following regulatory requirements:

(a) to strengthen the analysis and prediction of the reasons for the decline in the level of capital adequacy;

(2) Formulating a feasible capital adequacy management plan;

(3) Improve risk control capability.

Article 58 For the second kind of financial asset investment companies, in addition to the regulatory measures stipulated in Article 57 of these Measures, China Banking and Insurance Regulatory Commission can also take the following regulatory measures according to law according to different situations:

(1) Prudent talks with the board of directors and senior management of the financial asset investment company.

(2) Issuing supervision opinions, including: problems existing in capital management, corrective measures to be taken, and opinions on meeting the standards within a time limit, etc.

(3) Require financial asset investment companies to formulate feasible capital replenishment plans and plans to meet the standards within a time limit.

(4) Increase the frequency of supervision and inspection on the capital adequacy of financial asset investment companies.

(5) Require financial asset investment companies to take risk mitigation measures in specific risk areas.

Article 59 For the third kind of financial asset investment companies, in addition to the regulatory measures stipulated in Articles 57 and 58 of these Measures, China Banking and Insurance Regulatory Commission can also take the following regulatory measures according to law according to different situations:

(1) Restrict financial asset investment companies from distributing dividends and other income. Dividends and other income include: items that can be used for profit distribution, stock repurchase, independent income from other Tier 1 capital instruments and independent payment to employees.

(2) Restrict financial asset investment companies from offering any form of incentives to directors and senior managers.

(3) Restrict financial asset investment companies from making equity investments or repurchasing capital instruments.

(four) to limit the important capital expenditure of financial asset investment companies.

(5) Require financial asset investment companies to control the growth of risky assets.

When dealing with such financial asset investment companies, China Banking and Insurance Regulatory Commission can also take other necessary measures in consideration of external factors.

Article 60 For financial asset investment companies whose leverage ratio is lower than the minimum regulatory requirements, China Banking and Insurance Regulatory Commission can put forward the following regulatory requirements:

(1) Replenishing Tier 1 capital within a limited period;

(2) Controlling the growth rate of assets on and off the balance sheet;

(3) Reduce the scale of off-balance-sheet assets.

Chapter V Information Disclosure

Article 61 A financial asset investment company shall disclose information related to capital adequacy to investors and the public through open channels to ensure the centralization, accessibility and openness of information disclosure.

Article 62 The frequency of information disclosure of financial asset investment companies is divided into temporary, semi-annual and annual disclosures. Among them, temporary information shall be disclosed in a timely manner, and the semi-annual information disclosure time shall be within the last 60 working days and the annual information disclosure time shall be within four months after the end of the fiscal year. If it cannot be disclosed on time due to special reasons, it shall apply to China Banking and Insurance Regulatory Commission and its dispatched offices for delayed disclosure at least 15 working days in advance.

Article 63 A financial asset investment company shall disclose relevant information at the following frequency:

(1) Changes in paid-in capital or common stock and other capital instruments shall be disclosed in a timely manner.

(2) Important information such as net core tier-one capital, net tier-one capital, net capital, core tier-one capital adequacy ratio, tier-one capital adequacy ratio, capital adequacy ratio and leverage ratio shall be disclosed once every six months.

(3) Relevant important information such as the calculation range of capital adequacy related indicators, total credit risk exposure, total non-performing assets, provision for impairment of credit risk assets, risk exposure balance after slow release of credit risk portfolio, market risk, operational risk, asset management business risk and debt-to-equity swap business risk shall be disclosed once a year.

Article 64 With the consent of China Banking and Insurance Regulatory Commission, the content of information disclosure can be appropriately simplified on the basis of meeting the overall requirements of information disclosure.

Chapter VI Supplementary Provisions

Article 65 China Banking and Insurance Regulatory Commission is responsible for the interpretation of these measures.

Article 66 These Measures shall come into force as of the date of issuance.

Attachment: 1. Assets credit risk weight in the balance sheet and risk mitigation tools for qualified equity investment.

   2. Measurement rules of market risk standard method

   3. Measurement rules of basic index method of operational risk

   4. Risk capital measurement rules for asset management business

   5. Credit conversion coefficient of off-balance sheet items

(The above attachment is omitted, please visit the website of China Banking and Insurance Regulatory Commission for details.)

Jiangsu: Renovating the Rural Human Settlements and Recovering the Nostalgia

Wushentan Village, bacheng town City, Kunshan City, creates a water town with "black tiles and white walls, clear and refreshing". Photo by Wu Qiong

Wushentan Village, bacheng town City, Kunshan City, creates a water town with "black tiles and white walls, clear and refreshing". Photo by Wu Qiong

  Small bridges and flowing water, white walls and tiles, sitting and watching dragonflies play in the water, and listening to children frolicking … … Is this rural area homesick in your memory? With the acceleration of rural environmental improvement, the beautiful rural picture of "seeing the mountains, seeing the water, remembering to stay homesick" is spreading in Jiangsu.

  The provincial party committee and government regard the improvement of rural human settlements as the hard task of "agriculture, rural areas and farmers" and the first battle to implement the rural revitalization strategy this year and next, and make it clear that 70% of the goal of "Three-year Action Plan for the Improvement of Rural Human Settlements in Jiangsu Province" will be completed before the end of the year, and all tasks will be successfully completed by 2020. The reporter learned from the office of the joint meeting of the provincial rural human settlements improvement that the province has achieved more than half of the tasks in the three-year plan, especially since this year, all localities and departments have comprehensively promoted the improvement of rural human settlements with high quality, and the appearance of villages has improved significantly. Recently, the reporter went to many places for on-the-spot interviews.

  Carrying rural homesickness and embodying modern civilization.

  Passing through the grassy central park at the entrance of Wushentan Village, bacheng town, Kunshan City, and walking on the slow walking trail built by the water, the uniform white-walled and black-tile water town architecture comes into view.

  Xing Long, secretary of the General Party Branch of Wushentan Village, told the reporter that in order to improve the living environment, on the basis of maintaining the original natural features, history and culture of the village, the village carried out infrastructure construction and village appearance improvement according to the overall effect of "black tiles and white walls, refreshing and refreshing".

  What is visible is beautiful scenery, but what is invisible is governance. All the 13 natural villages below Wushentan Village have been introduced into property management companies, the garbage sorting facilities have been fully covered, and all domestic sewage has been managed. Twelve automatic sewage treatment stations using biotechnology have been built. At the same time, carry out environmental improvement in front of and behind the house to further enhance the village appearance.

  "In the process of rural environmental improvement, we insist on taking into account the protection of rural pastoral features, digging deep into the ancient rhyme of history and inheriting the local context." Yu Deshan, deputy director of the Agriculture and Rural Affairs Bureau of Kunshan City, introduced that the renovation of rural human settlements pays attention to the local flavor. In the process of inheriting homesickness and excavating characteristics, it comprehensively enhances the style of Tianshui Road forest village, protects the beautiful scenery of homesickness, promotes the harmonious coexistence between man and nature, and the village form and natural environment complement each other, and builds an "upgraded village" that carries rural homesickness and reflects modern civilization.

  Last month, Kunshan added more weight to the renovation of rural human settlements, and formulated and issued the "Assessment Method of" Red and Black List "for the renovation of rural human settlements in Kunshan City (Trial)", focusing on the supervision and assessment of rural domestic garbage disposal, rural water environment management and protection, rural public toilets management and protection, and village appearance improvement. Every month, the inspection team will check and assess one-third of the total number of natural villages, and set up a "red and black list" for the top ten and the last ten natural villages, which will be publicized in the news media and government websites. If there are outstanding problems, a rectification supervision sheet will be issued, and the whole process will be tracked and supervised, and the rectification will be implemented within a time limit. The ranking results of assessment scores are included in the annual target assessment of districts and towns, and are directly linked to the year-end 100% assessment remuneration of village cadres.

  Preserve the texture of the village and build it without planning.

  The clear water winds, and every family sleeps on the river. Panlou Village, Sanbao Town, tongshan district, Xuzhou used to be one of the most remote and poor villages in the southeast of Tongshan, but now it is known as "Little Jiangnan in Northern Jiangsu".

  More than 20 years ago, when Zhang Yangang, the general secretary of the village party branch, first took office, the sanitary environment in the village was very poor. Through years of investment promotion, the enterprises in the village have continued to grow and develop. With money in his hand, Zhang Yangang began to think about how to make the living environment of the villagers beautiful. According to the development concept of "people change the environment, and the environment shapes people", Panlou Village has implemented the village environment upgrading project drastically. "Since last year, we have combined public space management to further improve the appearance of villages, implement road hardening, put all weak network cables into the ground, dredge the river ponds, and turn stagnant water into living water. Now there are fish in the river." As Zhang Yangang said, he led the reporter to the Little Square in the village. As the sun set, the villagers who were preparing to dance in the square dance gathered one after another. "This used to be an idle wasteland. We made it into a square and installed an electronic screen for the villagers to entertain and exercise." Under the premise of not changing the texture of the village, Panlou Village has greatly changed its appearance. Now walking in the village, the houses are neat and beautiful, the squares are scattered, the streets are spacious and clean, and the water is clear and the shore is green.

  According to Wu Yun, deputy director of the Agriculture and Rural Affairs Bureau of tongshan district, the improvement of rural human settlements is the highlight of Tongshan’s rural revitalization strategy. "Last year, the district carried out the demonstration of rural human settlements, the improvement of thousands of villages, and the centralized residence of thousands of households ‘ 100 million projects ’ Through the landscape renovation of villages, beautiful villages are gathered into pieces and connected into lines, and bonsai becomes scenery. "

  In the process of environmental improvement, Tongshan insists on no planning and no construction, paying special attention to highlighting the distinctive village features and making the countryside more like the countryside. "A planning and design team has been set up in the district to create different types of villages with different characteristics according to resource endowment, human characteristics, historical inheritance, industrial form and natural texture." Wu Yun said.

  Attract social capital and implement market operation.

  The abandoned cowshed has been transformed into an exquisite guest room with a price of more than 1,000 yuan a night, and a cafe with full atmosphere has been built on the former site of the pigsty. The small bungalow where farm tools were once piled up is now a popular pub … … In Sujia Village, Moling Street, Jiangning District, Nanjing, the "Hometown with Sujia" cultural tourism project, which was transformed from more than 60 farmhouses, is hard to find a room every weekend.

  "Our company invested 150 million yuan to carry out the overall transformation of the village environment. It officially opened on April 20 this year and has now received 150,000 tourists." Wen Ying, the person in charge of the township companion travel, told the reporter that Langshi property was introduced in the village and a professional cleaning and security team was formed. In Sujia Village, all domestic sewage will be filtered and purified by sewage treatment facilities before being discharged. Walking on rural roads, there will be garbage sorting facilities at intervals, and villagers will consciously sort domestic garbage.

  Rural environmental improvement needs the participation of the whole society, and the addition of social capital is conducive to reducing the burden on the government and forming a joint effort of co-construction and governance. Yang Ming, Social Undertaking Promotion Section of Agriculture and Rural Affairs Bureau of Jiangning District, introduced that the renovation of rural human settlements in the whole area actively attracts social capital and state-owned enterprise groups to participate. In addition to projects involving social capital such as "Hometown with Sujia", state-owned enterprises such as District Urban Construction Group and Jiaojian Group are also paired with five streets for construction, and the group organizes the implementation of environmental renovation projects and the streets cooperate.

  It is understood that this year, our province has budgeted over 10 billion yuan for the improvement of rural human settlements, a substantial increase compared with last year, and actively guided all localities to broaden channels and increase investment. Our province will also select 1000 villages as comprehensive demonstrations, set up a number of demonstration models of rural human settlements improvement that are easy to copy and popularize, and guide and promote the high-quality improvement work on the surface. (Xinhua Daily reporter Wu Qiong)

In September, the China storage index showed that the demand increased well, the inventory rebounded sharply, and the industry maintained a relatively fast development level.

  CCTV News:according toChina Federation of Logistics and Purchasing website news,The China warehousing index jointly investigated by China Federation of Logistics and Purchasing and China Storage Development Co., Ltd. was 53.5% in September, 2023, up 1.5 percentage points from last month, and remained in the expansion range for eight consecutive months. The increase this month was obvious and reached the high point in the last five months, indicating that the warehousing industry maintained a relatively rapid development level. New orders, business volume, facility utilization rate, business profit, ending inventory, business activity expectation and other indexes have all rebounded, indicating that the demand for warehousing business has increased well, the profitability of enterprises has improved, the enthusiasm for replenishing warehouses has increased, and the expectations for the future are more optimistic. Specifically, this month’s index has the following characteristics:

image001

  Business demand grew well and the utilization rate of facilities improved significantly.In September, the business volume index was 56.2%, up 3.7 percentage points from the previous month, reaching a high point in the past five months; The new order index was 55.2%, up 1.5 percentage points from last month; The facility utilization index was 56.2%, up 5.3 percentage points from last month, reaching a high point in the past seven months. The three indexes reflecting the business demand are all at a high level in the expansion range, indicating that the warehousing market is running well and the business demand is showing an obvious growth trend. In terms of varieties, affected by the approaching Mid-Autumn Festival and National Day holiday, residents’ willingness to shop has increased, and the business volume of consumer goods and the utilization rate of facilities have greatly improved, especially food, clothing, textiles and daily necessities. Due to the arrival of the peak construction season for bulk commodities, the business volume of steel, building materials, machinery and equipment has also picked up significantly compared with the previous period.

  Business profits rebounded and business conditions improved.In September, the charge price index was 50.6%, although it dropped by 0.6 percentage point from last month, but it was still in the expansion range, indicating that the charge price of warehousing business continued to increase slightly; The business profit index was 51.9%, up 2.2 percentage points from last month, and returned to the expansion range, indicating that the growth of business demand and charging price has strengthened the supporting role of profits, and the business situation of enterprises has improved to some extent.

  Turnover remained efficient and inventory levels rebounded.In September, the average inventory turnover index was 53.8%, which was 0.5 percentage points lower than that of last month, but it still maintained a high level of prosperity in the expansion zone, indicating that the commodity turnover efficiency continued to improve and the upstream and downstream of the supply chain were smoothly connected. The ending inventory index was 54.2%, up 3.9 percentage points from the previous month, indicating that the commodity inventory level increased significantly. The holiday season is approaching, which stimulates the rapid growth of consumer demand, and the commodity market is also picking up during the peak season. The enthusiasm of enterprises for stocking has been greatly improved, and the overall inventory has been significantly improved compared with the previous low level.

  Judging from the quarterly average value of the warehousing index, the overall trend in the first three quarters was on the rise, with the average value reaching 52.6% in the third quarter, and the recovery rate at the end of the quarter was accelerated, and the industry continued to develop well. In the fourth quarter, as the economy maintained a stable recovery trend, both supply and demand rebounded, and the effects of various policies were further manifested. In addition, the warehousing industry is expected to continue to maintain a good development trend.

Hold high the banner of reform and opening up.

  Reform and opening up is the most distinctive feature of contemporary China and the most distinctive banner of the Communist Party of China (CPC) in the new historical period. Since the 18th National Congress of the Communist Party of China, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, the overall goal of comprehensively deepening reform has been set, and the reform has changed from partial exploration and breaking through the ice to systematic integration and comprehensive deepening, thus creating a new situation for China’s reform and opening up.

  Deepen reform in an all-round way and stimulate vitality

  Since the 18th National Congress of the Communist Party of China, China has faced a complicated and severe situation in promoting reform and opening up, but the pace of comprehensively deepening reform is firm.

  Internationally, the international environment facing China is generally favorable, but positive and negative factors are intertwined. Domestically, the economy is changing from medium-high-speed growth to high-quality growth, and the development faces new tasks of power transformation, mode transformation and structural adjustment. Some deep-seated institutional and institutional problems and barriers to solidification of interests are increasingly emerging, and the reform has entered a critical period and deep-water areas.

  Hit the water in the middle stream, and those who are eager to advance; When people get halfway up the mountain, only the brave win. The reform has made full efforts and made many breakthroughs, and it has been comprehensively promoted and accumulated.

  Focusing on further liberating and developing social productive forces, liberating and enhancing social vitality, China’s "streamline administration, delegate power, strengthen regulation and improve services" reform has been further promoted, reforms in key areas have been accelerated, an international business environment based on marketization and rule of law has been accelerated, and the endogenous power of the market has been optimized and improved.

  — — Stimulate the vitality of market players and achieve new results in reform.

  The potential of micro-subjects is further released. In November 2018, a private enterprise symposium was held in Beijing, and a series of policy measures were put forward to support the development and growth of the private economy, which created a better development environment for the private economy.

  By the end of 2021, there were 154 million registered market entities in China, including 48.42 million enterprises and 103 million individual industrial and commercial households, with private enterprises and small and medium-sized enterprises accounting for over 90%. The rapid growth of newly established market players has played an important role in promoting high-quality economic development and stabilizing employment. At the same time, the burden of market players was reduced by more than 2.6 trillion yuan in the whole year, and the new tax reduction and fee reduction exceeded 1 trillion yuan. The balance of small and micro loans in the country increased by 27.3% year-on-year, which played a huge role in "staying green and winning the future".

  — — Press the "fast forward button" in the reform of state-owned enterprises.

  In June 2020, the 14th meeting of the Central Committee for Comprehensively Deepening Reform deliberated and adopted the Three-year Action Plan for State-owned Enterprise Reform (2020— 2022), which is a programmatic document for deepening the reform of state-owned enterprises in China in the new stage of development.

  In 2021, with a series of major strategic reorganization and professional integration, such as China Star Network, China Logistics and China Rare Earth Group, the state-owned economy will further move towards strategic emerging industries. The reform of mixed ownership of state-owned enterprises continued to deepen. In 2021, central enterprises implemented more than 890 mixed ownership reforms and introduced more than 380 billion yuan of social capital. The three-year reform of state-owned enterprises has achieved 70% of the target tasks.

  — — New steps have been taken in building a high-standard market system.

  Market system is the carrier of market economy. Since the 18th National Congress of the Communist Party of China, the CPC Central Committee has attached great importance to the construction of a high-standard market system, and the decisive role of the market in resource allocation has been increasingly enhanced.

  In February 2021, with the release of the Action Plan for Building a High-standard Market System, another powerful measure to speed up the improvement of the socialist market economic system began to be implemented. At the end of the same year, the Central Committee comprehensively deepened the 23rd meeting of the Reform Commission, deliberated and adopted the Opinions on Accelerating the Construction of a National Unified Market, and pointed out that to build a new development pattern, it is urgent to speed up the construction of an efficient, standardized, fair competition and fully open national unified market, establish a national unified market system and rules, and promote the smooth flow of commodity elements and resources in a wider range.

  With the great progress in the construction of the market system, the market scale and volume are constantly increasing, the market structure is continuously optimized, and the market development environment is continuously improved, and the external attraction of the domestic market is obviously enhanced.

  Implement a more proactive opening-up strategy

  In September, 2021, China International Fair for Trade in Services, Beijing, in the first digital service area, virtual reality glasses, unmanned vehicles and drones showed a picture of future digital life … … In this year, China’s supply-side structural reform has achieved new results, and the trend of industrial structure upgrading is more obvious. The high-tech manufacturing industry and equipment industry have developed rapidly, and new products, new formats and new models have emerged in the fields of sharing economy and digital economy, which has become the latest footnote for building a new development pattern.

  General Secretary of the Supreme Leader pointed out that opening to the outside world is China’s basic national policy; Taking the domestic macro-cycle as the main body is by no means a closed operation behind closed doors, but by exerting the potential of domestic demand, the domestic market and the international market can be better connected, and the international and domestic markets and resources can be better utilized to achieve stronger and sustainable development.

  Accelerate the promotion of better connectivity between the domestic market and the international market. In 2013, China became the world’s largest commodity trading country, with the total import and export volume reaching 4.16 trillion US dollars. In 2021, China’s import and export scale reached 6.05 trillion US dollars, a record high. Meanwhile, the trade structure continued to improve. In 2021, the import and export volume of general trade accounted for 61.6% of the total import and export volume, and the export volume of mechanical and electrical products accounted for 59.0% of the total export volume. Structural optimization enhanced the stamina of foreign trade; The import and export volume of cross-border e-commerce reached 1.98 trillion yuan, an increase of 15.0% over the previous year, and the number of overseas warehouses exceeded 2,000. The new model has become an important support for foreign trade development.

  Actively expand imports, release the potential of domestic demand, and make a strong domestic market the main engine of its own development and the accelerator of common development. In 2018, the first China International Import Expo was held in Shanghai, which was the first national-level exhibition with the theme of import in the world. In 2021, the 4th China International Import Expo(CIIE) held an unprecedented grand occasion. More than 2,900 enterprises from 127 countries and regions participated in the exhibition, and China International Import Expo(CIIE) became a "demonstration window" to build a new development pattern.

  Promote the joint construction of the "Belt and Road" and make new progress. In recent years, more than 200 cooperation documents have been signed with 147 countries and 32 international organizations to jointly build the "Belt and Road". Over the years, China-Europe trains have broken through 50,000 trains and transported more than 4.55 million TEUs. Building the "Belt and Road" has become a popular platform for international public goods and international cooperation in the world today.

  The construction of Pilot Free Trade Zone and Hainan Free Trade Port promotes institutional opening. On September 29, 2013, China (Shanghai) Pilot Free Trade Zone was put into operation, and a national experiment to explore new ways and accumulate new experiences for comprehensively deepening reform and opening up set sail here. At present, China has set up 21 pilot free trade zones in batches, covering the east, west, north and south, and gradually growing into an important pole to stimulate China’s economic growth.

  … …

  Opening up will not stop, and reform will not stop. The CPC Central Committee with the Supreme Leader as the core made a scientific judgment on the economic situation, made timely adjustments to the development concepts and ideas, and guided the steady and healthy development of China’s economy and society. The open China injected strong kinetic energy and warmth into the recovery of the world economy.

  Focus on establishing a basic institutional framework in various fields.

  Since the 18th National Congress of the Communist Party of China, under the guidance of Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era, Socialism with Chinese characteristics’s market economy system has been continuously improved. The basic institutional framework in various fields has been basically established, and many fields have achieved historic changes, systematic remodeling and overall reconstruction.

  Through the comprehensive deepening of reform and opening up, we have formed a strong domestic economic cycle system and a solid basic disk, and continuously increased the attractiveness of global factor resources, competitiveness in fierce international competition, and driving force in global resource allocation.

  In 2022, the General Office of the State Council issued the "Overall Plan for Comprehensive Reform of Factor Marketization Allocation" to promote the further development of factor marketization allocation reform. We will carry out pilot projects for comprehensive reform of market-oriented allocation of factors, strive to break down institutional and institutional obstacles that hinder the independent and orderly flow of factors, and comprehensively improve the efficiency of coordinated allocation of factors. According to the plan, by 2025, the pilot tasks will be basically completed, and the market-oriented allocation reform of factors will achieve landmark results, making an important demonstration for improving the national factor market system.

  The Guiding Opinions on Accelerating the Construction of a Unified National Electricity Market System was published in February this year, which started a new round of power system reform. According to the Guiding Opinions, by 2030, the national unified power market system will be basically completed, and the sharing and mutual assistance of power resources and optimal allocation will be promoted on a larger scale throughout the country, laying the foundation for economic development.

  The new open economic system at a higher level has reached a new level. We are accelerating the construction of new international economic and trade relations, promoting coordination and cooperation among major powers, deepening economic and trade relations with neighboring countries, strengthening solidarity and cooperation with developing countries, expanding mutual benefit and win-win results, and actively creating a good external environment.

  The negative list of foreign investment access in the 2021 edition of the National Pilot Free Trade Zone was further reduced. After the implementation in early 2022, the manufacturing items on the negative list of the Pilot Free Trade Zone were cleared.

  On January 1, 2022, the Regional Comprehensive Economic Partnership Agreement (RCEP) came into effect. Building a new open economic system at a higher level ushered in a new opportunity. The RCEP origin accumulation rule will strongly promote the minimization of production costs and the optimization of trade efficiency in the region, which is conducive to strengthening the cooperation of industrial chain and supply chain in the region. At the same time, it will enhance the mutual investment growth among member States.

  Up to now, China has signed 19 free trade agreements with 26 countries and regions, with free trade partners covering Asia, Oceania, Latin America, Europe and Africa. The trade volume between China and its free trade partners accounts for about 35% of the total foreign trade.

  Facing the future, the closer we get to national rejuvenation, the more full of risks and challenges. However, we firmly believe that with the strong leadership of the Communist Party of China (CPC) and the United struggle of hundreds of millions of people, there will be overwhelming power. "Today, the Chinese nation is showing the world a thriving atmosphere and is moving towards a great rejuvenation at an unstoppable pace." The sonorous words of the General Secretary of the Supreme Leader show firm confidence and winning strength. (Economic Daily reporter Feng Qiyu)

Guangdong Marine Police cracked a case of smuggling frozen products worth about 40 million yuan.

  Zhongxin. com, Guangzhou, June 6 (Fang Weibin, Jiang Xiaobo, Wang Xisong) Guangdong Marine Police Bureau reported on the 6 th that recently, it seized a batch of suspected smuggled frozen products in the waters of Zhanjiang Port, Guangdong Province, seized an iron-clad transport ship on the spot, and arrested three suspects. The frozen products were about 485 tons, and the case value was about 40 million yuan.

  According to the report, at 0: 20 on May 30, the Guangdong Marine Police received a report from the masses that there were smuggling activities in the waters near Zhanjiang Port in Zhanjiang City. The bureau immediately assigned the law enforcement boat of Zhanjiang Marine Police Bureau of Guangdong Province to the target sea area for investigation.

  At about 1 o’clock, the law enforcement boat arrived at the target sea area. After searching the sea, it was found that a ship was very suspicious. Law enforcement officers quickly locked the suspected ship, shouted a warning to it and stopped the ship for inspection. However, the suspected ship refused to cooperate with the inspection in an attempt to speed up the escape. Law enforcement officers immediately pursued it and intercepted the suspected ship in the waters off Zhanjiang Seaside Shipyard, and controlled three suspects on the spot.

  After investigation, it was found that the suspected ship was an iron transport ship, with a cargo hold behind the bridge. The cargo hold was filled with white and black plastic woven bags, which contained about 485 tons of frozen products such as beef, brisket, tripe, beef tendon and donkey offal of unknown origin, with a case value of about 40 million yuan. The crew on board failed to provide proof of the relevant legal origin of the goods loaded on board, and law enforcement officers detained the ship and frozen products according to law.

  At present, the case is under further investigation.

China-Laos Railway opened for 10 months, and the passenger and freight volume continued to increase.

CCTV News:Yesterday (October 4th), the reporter learned from China Railway Kunming Bureau Group Co., Ltd. that China-Laos Railway has sent 7.39 million passengers and transported 8.51 million tons of goods, including 1.54 million tons of cross-border goods. In September, 1.25 million tons of goods were transported, breaking the monthly record, and the number of goods increased from more than 100 in the early days to more than 1,200.

On October 3rd, China-Laos Railway "Lanmei Express" international freight train broke through 200 trains. The "Lan-Mei Express Line" has been favored by many cross-border enterprises since it was launched. It has expanded from an initial on-demand operation to a fixed operation at least three times a week, and the cargo transportation has covered Laos, Thailand, Myanmar, Malaysia, Cambodia and Singapore.

At the awards presentation, seven representatives said …

Held in the Great Hall of the People today

China Prize for Journalism, Yangtze River Taofen Award

At the awards presentation

From People’s Navy Newspaper and Workers’ Daily

People’s Daily, Xinhua News Agency, Central Radio and Television Station

Representatives of Zhejiang Radio and Television Group and Harbin Daily

Speak successively

Let’s take a look together

What did they say?

  Cai Nianchi, newspaper office of People’s Navy

  How great the times are, how touching the stories are.

  Good story, always on the scene. How shocking the scene is, how touching the story is.

  The scene gave me rich nourishment. It was Wan Li, a thousand miles away, who walked into the military camps in Haijiang, which made me practice my eyesight. It is not afraid, more than 50 times near the major training site, so that I have strengthened my mental and written skills.

  On the new journey, as a military journalist and a veteran of the news front, I will go to the most remote corner to pick the most fragrant flowers and report the latest achievements of Chinese modernization.

  I want to go further to the ocean, chase higher waves and feel the surging passion of the stormtroopers with my body! With the most beautiful stories, pay tribute to the people who have accelerated the construction of a world-class army and show the new achievements of achieving the goal of building the army for a hundred years as scheduled.

  The story is the epitome of the times. How great the times are, how touching the story is.

  The story of China in the new era will surely be more exciting and moving. I will still be the one who is always ready to write stories.

  Lan Haiyan, domestic news department of Workers Daily

  Take his heart as my heart

  During the two sessions of the National People’s Congress in 2010, the reporter and I interviewed more than 20 NPC deputies from the production line. While telling their stories of hard work and dedication, they also reported their expectations for a better wage level.

  In the report, the detail that "a bus driver wore socks with holes to attend the two sessions" caused concern. Many deputies called for increasing the income of ordinary workers and establishing the universal value of respecting labor. This makes me realize that it is the responsibility of journalists to pay attention to the urgent difficulties and worries of ordinary employees.

  Taking others as my heart and paying attention to the concerns of employees are the direction of our report.

  Don’t regret dedicating news, life begins at sixty. Journalism is a career worth loving all my life. I will take this award as a starting point, shoulder the responsibility, hang the workers in my heart, continue to work together with my colleagues, and pass on the care and warmth of the party to my friends.

  People’s Daily Review Department Guicong Road

  Let grand narrative connect with individual feelings

  How to make the party’s voice spread wider, wider and deeper, and give better play to its guiding, banner and leading role in public opinion?

  Through Ren Zhongping’s writing, we really realize that the key is to make efforts to deepen the internalization and transformation of the propaganda and interpretation of Socialism with Chinese characteristics Thought in the new era of the supreme leader. First, focus on "deepening" and consolidate the ideological foundation. The second is to adhere to "internalization" and build a good value coordinate. The third is to promote "transformation" and play the strong voice of the times.

  We strengthen the audience’s awareness, let the grand narrative connect with individual feelings, show the changes around the masses, use more expressions that the masses can understand, want to see and remember, bring emotional increment and ideological enlightenment to readers, promote layered and differentiated communication, and explore and innovate the "1+N" communication mode.

  Close the distance between great changes and daily life, close to the hearts of hundreds of millions of people, let comments approach the broad audience, and let the party’s policy propositions be deeply rooted in the hearts of the people.

  Thirty years, a book. It has been 30 years since Ren Zhongping was born in 1993, and the Party’s innovative theory has always been the root of argument and context. Theoretical study never stops, and writing good comments is always on the road. We will continue to work hard to show the new achievements of the party newspaper in the new journey.

  Rao Liwen, editor-in-chief of Xinhua News Agency

  The majestic power of writing thoughts

  A year ago, the special plan "Creative Micro-politics Film | Light of Truth" was produced to welcome the 20 th National Congress. This short film takes "light" as the core image and gives an intuitive and vivid visual interpretation of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era, with more than 450 million views on the whole network.

  I think there are three main reasons why this communication effect has been achieved.

  First, abstract ideas are concretized, and artistic presentation is the crowning touch of media innovation. Comparing ideas with light can make the audience have a visual effect of "seeing light as seeing ideas".

  Second, details reflect the temperature of truth, and telling good stories is the source of life for theme propaganda.

  Third, the new technology carries high ideas, and the depth of thought is the foundation of the strength of news products.

  Only by persisting in strengthening the study, comprehension, research and interpretation of Socialism with Chinese characteristics Thought of the Supreme Leader in the new era, especially the cultural thought of the Supreme Leader, and consciously implementing it in all aspects and the whole process of propaganda and ideological and cultural work, can we produce more good works that record, write and eulogize the new era.

  Yan Dong, Social Education Program Center of Central Radio and Television General Station

  Take the lens as a pen and light and shadow as ink.

  The TV feature film "Pilot" won the first prize of the 33rd China News Award. Looking back on the creative road of Pilotage, I think it can be summarized by three words.

  The first "essence" is careful planning. The second "essence" is exquisite production. The third "essence" is accurate communication.

  Facing the new situation and new tasks, propaganda and ideological and cultural work must have a new atmosphere and new achievements. At the important time of the development of the party and the country, it is the mission and responsibility of journalists to do a good job in propaganda and ideological and cultural work in the new era with the lens as the pen and the light and shadow as the ink.

  "Pilot" is a well-planned exploration, an innovation of exquisite production, and a representative of accurate communication. Its success makes our radio and television journalists full of confidence in their mission on this new journey full of glory and dreams!

  Zhejiang Radio & TV Group Rong Media News Center Yang Chuanyuan

  Let the reform report have sharpness and temperature.

  When receiving the task of squatting, Zhejiang is in the crucial period of accelerating the landing of digital applications. "Penetration" and "tearing down the wall" have become hot words for a while, but many grass-roots units also have some fear of difficulties, and it is urgent to reach a consensus and form a joint force.

  When I got a big stack of charts and faced with a lot of abstract nouns, I felt that this was a hot potato. In order to make the report of reform sharper and more temperature-sensitive, we must take the word "change" as the first step and start from ourselves.

  Change the perspective, enlarge the details and reduce the "granularity" of reform. Let the digital reform respond to social concerns, check the problem blocking points, and the urgency and necessity of source governance jump to the fore.

  Change the method and generate a "right seat" reform resonance. Reformers are never just one person, we focus on sketching the group image of reformers. Reform is around, and the group image is you and me. If we find resonance, we can send the "tickets" of "corresponding seats" to the hearts of the audience.

  Change the pattern and "run" to be valuable. Let cold numbers become warm services, and simple phenomena sublimate into common values.

  As provincial-level all-media reporters in the new era, we can only hear the voice of the times, the call of reform and the belief of development if we put our roots in the grassroots.

  Harbin daily newspaper Xin media studio Niu Yuqi

  Recording warm fire refracts dazzling light.

  This year’s Journalists’ Day, China Journalists’ Association launched a reporter’s song "My Name". The song sings: "You ask me why I stand here, with the mud on my soles, the frost on my shoulders and the pen in my hand;" You ask me, why don’t you stop, to pursue truth, record the times, and watch justice. " This song is loved by journalists and sings our hearts.

  "How to be a good reporter in the all-media era?" This question has kept me thinking and exploring.

  In August this year, the typhoon struck Heilongjiang, and I went to the front line of flood control for the first time for an interview, which gave me a new understanding of this issue. Typhoon brought heavy rain and floods, and many people’s homes were soaked in water, making life difficult.

  Boarding the levee to stop the flood, I saw a soldier of the People’s Liberation Army, ordinary cadres, masses and volunteers who fought selflessly … … Before I went to the front line to fight floods, some news predecessors specially told me that it is the role of news to give people strength in the face of difficulties and make people rational in the face of joy.

  Correct public opinion orientation is the "ballast stone" of mainstream media in the all-media era. After coming back from the flood fighting, I understand that every reporter is a crystal that constitutes this "ballast stone". As a journalist, only by taking root at the grassroots level can we gather strength; Only by recording the warm fire can we reflect the dazzling light.