武汉夜生活网论坛|武汉桑拿论坛|武汉狼盟|武汉品茶网

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.)

　　Cctv newsOn the morning of February 15th, the State Council Press Office held a press conference to introduce the first national comprehensive risk survey of natural disasters and answer reporters’ questions.　　

　　Zheng Guoguang, Secretary-General of the National Disaster Reduction Committee and Director of the Office of the First National Comprehensive Risk Survey of Natural Disasters in the State Council, said that in the past three years, all the member units and regions of the first national comprehensive risk survey of natural disasters in the State Council organized nearly 5 million professional and technical personnel nationwide, and obtained billions of national disaster risk factor data, and completed the tasks of general survey, data quality inspection and submission. At present, the survey data are being used to carry out disaster risk assessment and zoning at the national, provincial, municipal and county levels.

　　The task of disaster risk survey is to comprehensively obtain the data of disaster-causing factors of 23 kinds of disasters in 6 categories, including earthquake disasters, geological disasters, meteorological disasters, floods and droughts, marine disasters and forest and grassland fires, the data of 27 kinds of disaster-bearing bodies in 6 categories, including population, housing, infrastructure, public service system, industry, resources and environment, and the data of 16 kinds of comprehensive disaster reduction capabilities in 3 categories, including government, society and grass-roots families. Since 1978,

　　In the past three years, under the unified organization and leadership of the leading group for the first national comprehensive risk survey of natural disasters in the State Council, the survey task has been fully completed through the concerted efforts of all parties. For example, the housing and urban-rural construction industry has obtained the construction data of nearly 600 million urban and rural houses and more than 800,000 municipal facilities nationwide. The transportation industry has completed the investigation of more than 5 million kilometers of road network, more than 900,000 bridges and tunnels, more than 6,000 coastal berths above 10,000 tons and inland river berths above 1,000 tons, and 15,000 kilometers of third-class and above inland river channels. The forestry and grass industry has completed more than 110 thousand forest and grassland combustible sample surveys, and nearly 800 thousand laboratory samples have been tested. The natural resources geological industry has carried out geological disaster risk surveys in 2081 counties (autonomous regions and municipalities), and has mastered more than 280,000 hidden danger data of geological disasters in China. The marine industry has completed the investigation of 13,900 (segment) marine disaster-bearing bodies and more than 6,000 key hidden dangers. The water conservancy industry has completed the investigation of reservoirs, sluices, dikes and other water conservancy facilities in China, and obtained more than 70,000 data of drought-induced disasters. The emergency management industry cooperated with education, health, cultural tourism and other industries to obtain more than 700,000 public service facilities, nearly 150,000 hazardous chemical enterprises (including gas filling stations), more than 30,000 non-coal mines (including tailings ponds) and coal mines, 4.5 million pieces of comprehensive disaster reduction capacity data, and more than 2.3 million pieces of annual historical natural disaster data. The eco-environmental industry has obtained 23,000 pieces of national survey data on civil nuclear facilities.The meteorological industry has obtained 6.64 million pieces of information on disaster-causing factors of 10 meteorological disasters. The seismic industry has obtained drilling data of seismic engineering geological conditions of more than 27,000 sites.

　　In addition, the Ministry of Industry and Information Technology, the Ministry of Agriculture and Rural Affairs, the Bureau of Statistics, China Banking and Insurance Regulatory Commission, China State Railway Group Co.,Ltd. and other departments and units organize relevant investigations or provide relevant data according to the division of tasks, and share relevant data such as communication facilities, crop distribution, population census and economic census, insurance enterprises and railways. The Ministry of Finance arranges special funds to support the census work. The Development and Reform Commission, the Chinese Academy of Sciences, the Academy of Engineering, the Energy Bureau, and the Central Military Commission’s Joint War Insurance Bureau actively participated in the formulation of census plans and technical specifications, the coordination of investigation work, and the application of results.

　　The quality, completeness and standardization of data is the difficulty and focus of general survey, and it is also an important basis for disaster risk assessment and zoning. According to the work plan and the division of tasks, the industry departments and localities involved in the survey carried out quality inspection of survey data at different levels and by industry. The industry departments of natural resources, ecological environment, housing and urban and rural construction, transportation, water conservancy, emergency, meteorology, forestry and grass, earthquake and other industries respectively formulated quality inspection plans for survey data, developed quality inspection software, and organized a team of experts to carry out quality inspection of survey data, including spot checks. Those who failed the quality inspection were returned for rectification. The survey data submitted to the State Council Census Office should be comprehensively inspected, that is, the integrity and standardization of the data should be checked, and those that fail should be returned to the industry department for rectification, thus ensuring the quality and reliability of the survey data.

　　Through the investigation, we have basically found out the hidden dangers of natural disasters in China, identified the disaster resistance of key areas, laid a solid foundation for comprehensive disaster risk assessment and zoning, trained local disaster prevention and mitigation management and technical teams, and created a good social atmosphere in which the whole society cares, participates and supports disaster prevention and mitigation.

　 　 　 　Cctv news (Reporter Su Jin) On December 12, 2014, the first phase of the Middle Route of South-to-North Water Transfer Project was officially put into use. Up to now, more than 50 billion cubic meters of water has been transferred to the north, which is equivalent to transferring the Yellow River to the north for one year. The population benefited from the project exceeds 85 million.

The tunnel crosses the Yellow River for the first time, and the largest aqueduct in the world … … One project with world-class difficulty runs continuously and safely in Henan, making a clear water meander northward.

　　The Yellow River Crossing Project keeps the river from invading the river.

(Photo courtesy of China South-to-North Water Transfer Project)　　

　　Xingyang City, Zhengzhou City, Henan Province, from the air, the rushing "South Water" meets the Yellow River here, and the Yangtze River water in the north passes through two tunnels crossing the Yellow River and swoops down here, crossing the Yellow River in ancient times. This is the symbolic and controlling project of the middle route of the South-to-North Water Transfer Project-the Yellow River Crossing Project, which is called the "throat" of the middle route of the South-to-North Water Transfer Project. Its main task is to transport water from the south bank of the Yellow River to the north bank of the Yellow River safely and effectively.

　　"This is one of the most challenging parts in the construction of the middle route of the South-to-North Water Transfer Project." Wu Guoquan, director of the Yellow River Crossing Management Office of the Middle Route Company of China South-to-North Water Diversion Group, introduced that at the beginning of the design, two schemes were put in front of us. Some people proposed to fly across the channel, while others suggested to drill holes. "After repeated scientific argumentation and numerous mathematical model calculations, the technical difficulty, water quality safety, ecological protection and other factors were comprehensively considered, and finally the shield tunnel crossing yellow river scheme was selected."

　　The Yellow River Crossing Project is located about 30km upstream of the Beijing-Guangzhou Railway Bridge on the Yellow River in Zhengzhou City, Henan Province, with a total length of 19.30km. The most difficult project is the Yellow River Crossing Tunnel, with a single tunnel length of 4,250 m, of which the river crossing tunnel is 3,450 m long and the inner diameter of the tunnel is 7.0m m. The tunnel is arranged in parallel with two holes, and the center line spacing is 28m.

　　"Under the bed of the Yellow River, long deposits form various complex strata." Wu Guoquan still remembers the difficulties in construction. The shield machine moves forward slowly, and more than 100 cutters on the cutter head rotate and cut. The cutter head is worn, and it will continue to advance after replacement and repair; The geological conditions ahead are changeable, so the plan should be adjusted in time … …

　　A water diversion line is also a "scientific and technological innovation line". The breakthrough of technical problems has broken records: for the first time, a large-diameter tunnel was used to cross the bottom of the Yellow River, for the first time in China, a mud-water pressurized balanced shield machine was used for hydraulic tunnel construction, a 3.45-kilometer Yellow River channel was crossed at one time, and the accuracy error of the shaft reaching the south bank was successfully controlled within 3 cm.

　　According to reports, as of August 30, 2022, the tunnel crossing the Yellow River in the middle line has accumulated 35.75 billion cubic meters of water to the north, greatly alleviating the water shortage in Beijing, Tianjin and Hebei.

　　Shahe aqueduct, the first aqueduct in the world

(Photo courtesy of Shahe Aqueduct China South-to-North Water Transfer Group)

　　Lushan County, Pingdingshan City, Henan Province, Shahe Aqueduct is like a dragon flying across, entrenched in the Central Plains. This "overpass on the water" shocked the reporters of the online theme publicity campaign of the South-to-North Water Transfer Project, "Miracle China Tianhe Dreaming".

　　Shahe aqueduct project, with a total length of 11.9km, is one of the largest and most complicated control projects in the middle route of South-to-North Water Transfer Project, and the largest comprehensive aqueduct project in the world at present.

　　Zhang Peng, director of Lushan Management Office of China South-to-North Water Diversion Group Middle Line Company, introduced that the beam aqueduct of Shahe Aqueduct weighs 1,200 tons, and the integrated construction scheme of "lifting, transporting and erecting" was adopted to efficiently complete the project construction, which filled the technical gap in the design and construction of large-flow aqueduct in water conservancy industry at home and abroad.

　　Armed police officers and soldiers left a message on the blackboard in the classroom of Shilou Central Primary School.

　　In Shilou Middle School, the workers are repaving the plastic playground.

　　The staff of Shilou Middle School decorated the classroom before the start of school.

　　People’s Liberation Army (PLA) and Armed Police (CAPF) who left their expectations and entrustment on the school blackboard after the flood fighting and disaster relief, principals who "cut the wall" to help the affected villagers out of danger in times of crisis, and construction workers who still stick to the campus to help restore and rebuild in the new semester … …

　　In the past few days, the disaster-stricken schools in Mentougou and Fangshan District have carefully planned various forms of "the first lesson of starting school" on the basis of ensuring that "no one can be less", and skillfully incorporated the touching stories and experiences in the flood into the "first lesson" so that the teachers and students of the school can always remember these "most lovely people".

　　The "first lesson" of the disaster-stricken school conveys the entrustment and expectation of the People’s Liberation Army

　　"Young strong, China is strong. I hope that you will live up to your youth, make a difference and be a pillar of the motherland. " In the classroom blackboard of Qingshui School in Mentougou District, there is still a message left by the uncle of the People’s Liberation Army of China, who used to fight floods and provide disaster relief here. In the middle of the blackboard, there is a chalk picture of the People’s Liberation Army holding the national flag, and on both sides, it says, "We are willing to guard the prosperous China with our youth". It is understood that at the beginning of August, a certain unit of the People’s Liberation Army was ordered to go to Qingshui Town to support local flood fighting and disaster relief, and help the territory to carry out emergency rescue, material transportation, road rushing, dredging and clearing obstacles. As they are temporarily stationed in Shimizu School, the officers and men of the Armed Police live in the students’ classrooms. In mid-August, when the rescue mission was evacuated, the uncle of the People’s Liberation Army left a warm message for the students on the blackboard. Wang Hui, president of Qingshui School in Mentougou District, told Beijing Youth Daily that the teachers of the school will tell the students the story of the People’s Liberation Army’s flood fighting in the "first lesson" and convey the entrustment and expectation of the uncle of the People’s Liberation Army.

　　During the post-disaster restoration of Shilou Central Primary School in Fangshan District, the mud on the playground was dirty, thick and heavy. The officers and men of the Armed Police stepped forward and took the initiative to send a dredging team of more than 200 people. It took only one afternoon to completely clean up the mud and provide a clean and tidy sports ground for teachers and students. Before leaving school, they gave the school an unexpected surprise and left a precious gift: in every classroom, the soldiers drew a beautiful blackboard newspaper for the teachers and students, which read, "Move at the news of the flood, be fearless and retrograde", "The flood is merciless, there is love on earth", "The people are supreme, and the military and civilians are deeply in love" … …

　　At the same time, in order to let the children feel the military life personally, they left the children with compressed biscuits, instant meals in the field and other foods. In their letters to the children, they wrote: "Thanks to the rising sun of the motherland. During our mission, you gave us a warm home. Whether we are practicing martial arts and strengthening the army or studying and making progress, our tasks are different, but we all have the goal of devoting all our strength to the future socialist construction. You study with peace of mind, and we hold steel guns to protect you. "

　　The officers and men of the armed police also left a letter to the teacher in the office where they lived. The letter wrote: "Soldiers, guarding their homeland, are lovely; Teachers, cultivate the pillars of the country, respectable; Different positions and equal responsibilities. " Jiang Fuying, president of Shilou Central School, said, "These exquisite blackboard newspapers and letters will become children ‘ The first lesson ’ The best educational material. "

　　The "hero" of flood fighting and disaster relief went to school to tell personal stories.

　　At the beginning of the new semester this year, schools in Fangshan District have carefully designed the opening ceremony with the theme of "forge ahead with one heart and one mind", combined with the characteristics of the school period and the actual situation of the school, with "inspiration, gratitude and feeling" as the emotional main line. Through the opening speech of the party secretary and principal, the Blue Sky Rescue Team, armed police officers and soldiers, fire fighters, community cadres, parents’ representatives and other groups involved in the rescue are invited to tell advanced stories and touching stories. In addition to inviting officers and men of the armed police, Shilou Central Primary School also invited firefighters and staff of China Railway Jingxiong Project Department who had helped the school with dredging work to return to the school and tell their stories to the students. At the same time, the principal of the school will restore the school’s restoration work around the theme of "gratitude" in his speech, so that students can appreciate China’s great love spirit of "one party is in trouble and all parties support him" and pass it on.

　　The "First Class" of Xiayunling Central Primary School in Fangshan District issued a "Praise Sign-in Form" for each student, so that the students could go to the campus to find more than 150 staff and teachers of Beijing Construction Engineering Machinery Group who were helping the school to rebuild, and listen to their stories about what they saw and heard about the flood and the post-disaster reconstruction. "We want to invite every child to participate in the opening ceremony instead of attending it, so that the children can guess what we have experienced during the campus restoration, and let the children know the story behind every ordinary hero through interviews." The headmaster of Xiayunling Central Primary School said that the form of "Praise Sign-in Form" contains questions such as "expressing your feelings in six words" and "praising words you want to say", and at the same time, students will be asked to find the corresponding person according to the tips in the form, communicate with them and ask them to sign their names. The reporter of Beiqing Daily saw that there were "those who wore black leather shoes", "those who were 20 years older than me", "those with single eyelids", "those I admired" and "the most serious" in the sign-in form. "This is also for children to communicate socially in an open space.Stimulate children’s initiative and accumulate successful experience of individual socialization. "The headmaster of the school said.

　　Chang Zhangchang, the principal of Datai Central Primary School, served as a guide for the armed police during the flood season, just to see the children safe; Gao Lianchao, the headmaster of Wang Ping Middle School, "cut the wall" to save people, making the school a "safe island" in times of crisis; Ma Huan, the headmaster of Miaofengshan National School who just finished the operation, is on duty 24 hours a day, and has resettled more than 270 villagers affected by the disaster nearby … … During the flood fighting and disaster relief, many touching stories have emerged among the educators in Mentougou District, which will become an important resource for the "first lesson" and even the future teaching. "Disaster suddenly came, I didn’t consider anything! The safety of people’s lives and property is the first. This is my responsibility and mission. " Gao Lianchao, president of Wang Ping Middle School, told the reporter of Beiqing Daily that on the morning of July 31, the flood did not reach the school gate, and the water depth was waist-deep. The affected villagers across the road could not enter the school to take refuge. Gao Lianchao took the initiative to borrow a machine, cut a big hole in the west wall of the school, cut off the protective barbed wire, led the teachers and village cadres, took the villagers to the west wall with less water potential, and transported 87 villagers to the school through the cut hole for more than 20 trips, and temporarily arranged them in the student dormitory. Now, the cut wall has been restored, but the disaster relief story of President Gao Lianchao will remain in the hearts of every student and faculty of the school in the "first lesson" this year.

　　"At that time, there was only one thought in my heart, that is, I had to see with my own eyes 80 families in the Qianjuntai community farthest from Datai Street, as well as the students and staff there, and know that they were safe." Chang Zhangzhang, the 60-year-old principal of Datai Central Primary School, walked for more than five hours with 20 kilograms of materials on his back on August 6, and led a team of officers and men of the armed police to deliver materials to Qianjuntai Community, while looking for the lost students and faculty of Qianjuntai Primary School under his jurisdiction. After the disaster was stable, he quickly devoted himself to the post-disaster reconstruction of the school. In the new semester, Datai Central Primary School will be relocated to Wang Ping Central Primary School. The story of President Chang Zhangzhang will also serve as the "first lesson" for students at the new school site, inspiring the teachers and students of the two schools.

　　Touching stories in flood fighting and disaster relief have become unique educational and teaching resources.

　　The reporter of Beiqing Daily learned from the Mentougou District Education Committee that this year’s "First Class" is very special and will be presented in the form of situational psychological class meeting. The head teachers of each school will combine the psychological characteristics of students in different classes and the actual situation of the school, and under the guidance of psychological researchers and psychological teachers in Mentougou District, make good use of the special educational and teaching resources of floods and flood fighting stories to carefully design a unique, intelligent class meeting activity that reflects psychological health counseling.

　　Schools in Mentougou District will also enable teachers and students to turn floods and disasters into special educational and teaching resources through interdisciplinary project-based learning. Teachers of mathematics, Chinese, physics, chemistry, biology, geography, politics, fine arts and other disciplines are eager to try, and decided to combine the flood with the knowledge in books to educate and guide students to feel, understand and interpret the disaster from a scientific perspective. The teaching department of Dayu No.2 Primary School, combined with the actual situation, guides teachers to carry out "colorful promenade — — Warm heart, accompany happy growth, improve campus protection, build campus safety island, and how to make rainwater safe to drink. After the start of school, the teachers of the three research groups will lead students out of the classroom to participate in the reconstruction of their homes, and guide students to improve their comprehensive quality and social responsibility in project-based practical learning.

　　Around the theme of "Rebuilding a Beautiful Home", the kindergarten affiliated to Sanjiadian Primary School organizes all classes to study and design the "First Class" with the characteristics of children’s age as the core, focusing on flood fighting and disaster relief, psychological counseling and post-disaster reconstruction, focusing on the education of emotional communication and love, managing emotions, sharing people who helped us in disasters, and building a beautiful home together, so as to make the grades focused and the classes themed. The "Praise Sign-in Form" at the opening ceremony of Xiayunling Central Primary School in Fangshan District will also be combined with the school’s teaching curriculum after the school starts, and the relevant contents of floods will be integrated into daily teaching.

　　In addition, Mentougou District will also implement the "Safe Island" plan to upgrade and transform the school into an emergency shelter center in its community, which has the functions of refuge for victims, airdrop of materials, medical rescue, disaster relief command, and the stationing of rescue troops. Mentougou District Education Committee said that at present, the plan is being applied for expert demonstration, and plans to declare the experimental area for the construction of emergency shelters in schools.

　　Text/reporter Pu Changting Ye Wei Photography/reporter Cui Jun

　　site

　　The teachers and students of the two schools will jointly perform the school drama of fighting floods.

　　School starts on September 1st, and Xiacun Middle School in Fangshan District, which was severely damaged and could not start at the original site, will be merged with Shilou Middle School. What is the preparation for the merger? What "cooperation" will the two schools have in the new semester? Recently, a reporter from Beijing Youth Daily visited Shilou Middle School.

　　In front of the teaching building, several workers are repairing the floor tiles. Into the teaching building, from time to time there are workers carrying decoration tools to walk back and forth. In the classroom, desks and chairs have been placed, and staff are cleaning the floor and pasting tips; The teacher drew a welcome print on the blackboard … … In order to welcome 87 students from Xiacun Middle School, Shilou Middle School rearranged 16 classrooms. The original wall was painted white, and the slightly damaged prompt board was replaced with a new one.

　　"We hope that the school will also have a new atmosphere. There are many new prompts in the classroom, which represent our expectations for students." Guo Hongsheng, the principal of Shilou Middle School, told the reporter of Beiqing Daily that in the face of the upcoming new semester, the school has carefully prepared the "first lesson of school" with the theme of "empathy and common growth". According to Guo Hongsheng, "empathy" means that students can experience the love and support of the people from all walks of life through flood fighting and disaster relief, so that students can understand the emotion of "one side is in trouble and all sides support". "Common sense" means that without the leadership of the Communist Party of China (CPC) and the strong support of local governments, the disaster would be hard to pass. "We told the students about the support of the government and all sectors of society for the disaster relief people and let them feel how good our society is now." Guo Hongsheng said. "Growing together" means that the teachers and students of the two schools will grow together and develop together through merger.

　　It is reported that in order to boost students’ morale, Shilou Middle School will perform a traditional school project — — Play "Man Jiang Hong" with drums. "We also arranged a campus drama, which was jointly performed by students from Shilou Middle School and the former Xiacun Middle School, showing three parts: flood control, resettlement sites and future life." Guo Hongsheng said that the school drama will also be performed at the opening ceremony.

　　It is worth mentioning that, because Xiacun Middle School is about 10 kilometers away from Shilou Middle School, in order to facilitate students from the former Xiacun Middle School to go to and from school, the school has rebuilt 22 6-person dormitories to meet the accommodation problems of students from Xiacun and surrounding villages in the next few years. At the same time, the school also plans to equip four boarding teachers, two men and two women, to ensure the safety of students’ evening self-study and accommodation. "Our canteen has been renovated and will provide a better environment for more students to eat. The floor, wall and roof of the dormitory are being renovated, and air conditioners will be installed and new beds and bedding will be purchased, including washbasins, toothbrushes and towels. We will provide them for the children. " Guo Hongsheng said that after the renovation of the dormitory, it is necessary to wait for the environmental inspection to pass before moving in. Therefore, the school also communicated with the District Transportation Committee and the bus group to arrange a special shuttle bus before moving in the dormitory to ensure the commuting safety of students.

　　Cai Yali, the former director of moral education in Xiacun Middle School, told the reporter of Beiqing Daily that after the merger of the two schools was confirmed, the teacher had explained the relevant situation to the students and parents in advance by telephone and home visits, and asked for your opinions. "Some students are brought by the elderly on weekdays. When the elderly hear that students can stay in the future, they all say ‘ That’s great ’ 。” Cai Yali told the reporter of Beiqing Daily that if students choose accommodation, the school will take care of meals, self-study at night and accommodation, and life and rest will be regular. "Many students and parents are still looking forward to it." Text/reporter Pu Changting Ye Wei

Topic: 16th National Congress of China Communist Youth League.

　　On the afternoon of June 11th, a report on the heroic deeds of the 16th Communist Youth League’s earthquake relief was held in the Great Hall of the People. Six heroic models and one representative of the grassroots league cadres of the heroic deeds report group on earthquake relief organized by Publicity Department of the Communist Party of China, the Central Organization Department, the General Political Department of the People’s Liberation Army and the Sichuan Provincial Committee of the Communist Party of China reported to all the representatives of the 16th Communist Youth League.

　　The delegates said that they were deeply moved and infected after listening to the report on the advanced deeds of young heroes in earthquake relief. While being baptized by their souls and sublimated, they were determined to follow the example of young heroes, actively participate in the earthquake relief struggle and contribute their youth. The following is Li Changxiu, secretary of the directly under the authority Youth League Committee of the National Development and Reform Commission.

　　The two-hour report meeting ended in a blink of an eye, and I was deeply moved by the deeds of the disaster-resistant warriors. Their heroic earthquake relief actions have shown the world that our government, army and people are United as one, United as one, indomitable, and concentrated on the glory of the traditional virtues of the Chinese nation, which moved the whole world and made all Chinese sons and daughters proud! I will take these advanced figures and typical deeds as examples with the broad masses of young cadres of the National Development and Reform Commission, carry forward the spirit of not being afraid of fatigue and fighting continuously, do a solid job in emergency coordination and support, and further play the role of a new force and commando in earthquake relief. I feel that my post is also a battlefield for earthquake relief. Together with the youth members of the National Development and Reform Commission, I will learn and carry forward the lofty spirit of heroes who are fearless, resourceful and brave, and the people’s interests are above all else. I will dare to overcome difficulties, do my duty, be the new force and commando of development and reform, and support the reconstruction of disaster areas with practical actions to serve the motherland.

Editor: Li Erqing

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)

Into thin air concept poster


Ada is under the cherry tree.

　　　 The mystery of the mystery thriller films directed by the famous Hong Kong director Chen Desen and starring Chinese and foreign stars such as Ada, Christy Chung, Li Cansen and Jun Kunimura is being unveiled one after another. This domestic film was shot abroad with a record investment scale. Jun Kunimura, an old Japanese actor who starred in "Kill Bill" and other films, played the villain in the play. This is also his first time to work for a China film. Recently, the film exposed a group of Ada’s stills. In the vast sea of cherry blossoms, Liu Yan is a virgin and beautiful. With the falling of cherry blossoms, the picture is extremely beautiful, as if it also indicates the ultimate fate of the film starring.

Ada stills

Into thin air stopped work for half a month waiting for cherry blossoms to fall.

　　　 It is reported that into thin air was filmed in the spring of 2012, and most of the scenes in the film were taken in downtown Tokyo and Wenquan Villa in Mount Fuji. The film tells the story of a China girl who mysteriously disappeared while traveling to Japan, and her good sister went to Japan alone to rescue her friends. It can be said that it is a China version. The director of this film is Tak-Sam Leong, a Hong Kong director who has been studying in Japan for many years. Director Tak-Sam Leong once studied under Shohei Imamura, movie master, and was a proud disciple of Shohei Imamura. He once directed the very commercial films "Forbidden Room for Sexual Desire" and "Old Corpse in Mountain Village", and there have been such films with both commercial selling points and artistic pursuits. The director has very high requirements for shooting, which is also the reason why this film invested in creating a domestic reasoning thriller record. It is reported that in order to shoot the film’s finale, the crew stopped working in Japan for half a month, waiting for the sad feeling created by the falling cherry blossoms. During the shutdown, the actors and creators were very happy and enjoyed the world-famous beauty one after another, but they were bitter for the producer of this film and had a cold war with the director every day. But in the end, the director waited for the magnificent scenery of cherry blossoms falling and achieved his artistic pursuit.

The flowers in Ada are as beautiful as a fairy.

　　　 This is also the first time that Ada came to work in Tokyo during the cherry blossom season. In addition to physical suffering during filming, Ada was in high spirits. She said that living and working in the sea of flowers will not get bored even if she is tired. After filming, she will pick up the camera and assistant to record the moving moments every day. When shooting the most important ending scene, the blue long skirt provided by the crew was very beautiful, and it was accompanied by an overwhelming sea of pink cherry blossoms. Charming Ada feels like a fairy. But it is not difficult to see from the stills that with the falling of cherry blossoms, this beauty is a kind of sadness. The final shot of this group of dramas also seems to indicate that the ending of the whole film is not sunny and family reunion. What is the specific outcome? Ada also refused to disclose it to reporters, only stressing that everyone should wait patiently. No one can guess the result.

　　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:

　　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.

In the economic field, debt economy is a common and complicated economic model. Simply put, debt economy is to obtain funds by borrowing and issuing bonds to promote economic development. This economic model is very common in the modern economic system, and many countries, enterprises and even individuals will use this method to meet their own capital needs.

At the national level, the government may issue treasury bonds to raise funds for infrastructure construction and social welfare. For example, some countries will build highways, railways and other transportation facilities on a large scale, and these projects need a lot of capital investment. The government will attract investors to buy them by issuing government bonds, thus obtaining funds to support the development of the projects. For enterprises, in order to expand production scale and carry out technological innovation, they will also borrow money from banks or issue corporate bonds. Like some emerging science and technology enterprises, in the process of developing new products, they need a lot of money for scientific research investment and equipment purchase, so they will choose debt financing to solve the funding problem.

Triangular debt is a special and thorny phenomenon in debt economy. Triangular debt refers to the debt chain formed by mutual arrears of payment between enterprises. In this case, enterprise A owes money to enterprise B, enterprise B owes money to enterprise C, and enterprise C may owe money to enterprise A, forming a complex debt cycle.

The influence of triangular debt is various. For enterprises, it will seriously affect the capital turnover of enterprises. When an enterprise’s payment is in arrears by other enterprises, its own funds cannot be withdrawn in time, which leads to the enterprise’s failure to pay the payment of raw material suppliers and the wages of employees on time, thus affecting the normal production and operation of the enterprise. In the long run, it may also lead to the reduction of the production scale of enterprises and even face the risk of bankruptcy.

From the macro-economic perspective, triangular debt will affect the operational efficiency of the whole economy. A large number of enterprises fall into the dilemma of triangular debt, which will make the capital flow in the market not smooth and hinder the rational allocation of resources. Debt disputes between enterprises may also trigger a series of legal proceedings and increase the transaction cost of society.

In order to understand the debt economy and triangular debt more intuitively, the following table is used for comparison:

In short, debt economy and triangular debt are both important issues that need to be paid attention to in economic operation. Correctly understanding and handling them is of great significance for maintaining economic stability and healthy development.

[Disclaimer] This article only represents the author’s own views and has nothing to do with Hexun. Hexun.com is neutral about the statements and opinions in this article, and does not provide any express or implied guarantee for the accuracy, reliability or completeness of the contents. Readers are requested for reference only, and please take full responsibility. Email: news_center@staff.hexun.com.

　　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)