Taking stock of the anti-corruption achievements in Zhejiang Province in 2008, He Wei, the former deputy director of the Planning and Finance Department of Zhejiang Sports Bureau, who demanded bribes of more than 6.89 million yuan, "inadvertently" became the first person in Zhejiang Province to be sentenced to death and suspended for two years for accepting bribes that year. Tian Miaofa, one of the contractors who paid bribes to He Wei, "carelessly" has also become the most severely punished briber for bribery in Zhejiang Province in recent years. In the Spring Festival of 2009, when people celebrated the New Year with joy, He Wei, who had already served his sentence in prison, repeatedly chewed his yesterday and today-"it’s all the fault of greed"!

　　From the perspective of this extraordinarily large bribery case and the analysis of the "special relationship" between the briber and the briber in the field of engineering construction, it is not difficult to conclude that the briber is actually the grave digger of the briber.

　　Bribery life: He Wei is so greedy that he always complains to us that he doesn’t even have money for tea. Sometimes when he sees the high-grade cigarettes smoked by other bosses, he also asks for them on the spot.

　　Zhou, the briber: When I received a phone call from He Wei, I was so jumpy that I later had a nervous breakdown.

　　Tian Miao, a big briber: you can get the other party with money, get the project and make a lot of money.

　　He Wei, the bribe-taker: Who will think too much money? Who doesn’t take something for nothing? !

　　Wang Yu, the prosecutor handling the case: I have done many cases of accepting bribes, but it is the first time that a corrupt official like He Wei has to collect money for almost every project.

　　1 From "politely" accepting bribes to asking for bribes

　　He Wei grew up in a family with superior economic conditions and was cared for by his family. He grew up smoothly. In 1984, he was admitted to Nanjing Institute of Civil Engineering and Architecture, majoring in civil engineering, and stayed there as a teaching assistant for five years after graduation. If He Wei had been content with the tranquility of the campus, perhaps he would have become a professor in the construction industry, and he would not have come this far.

　　However, He Wei thinks that being a teacher has a future and no "money way". In June, 1993, he left Nanjing Institute of Architecture and Engineering and went to a real estate company in Hangzhou to work as a project manager, that is, a contractor. The following year, he jumped to a construction engineering company and still worked as a contractor. A year later, he moved to a state-owned real estate company in Zhejiang Province. After three job-hopping in three years, He Wei didn’t earn much money, but he successfully realized the transformation from a university teacher to a civil engineering engineer, and also learned a lot of "hidden rules" of bribery in the field of engineering and construction.

　　Perhaps because of the signboard of "civil construction engineer", in December 1996, He Wei successfully entered the Planning and Finance Department of Zhejiang Sports Bureau and became a civil servant. At that time, Zhejiang Sports Bureau, which had just been established, undertook the great task of leading Zhejiang sports industry to take off. A large number of sports projects were to be built, and engineering and construction professionals were very scarce. He Wei, who knows architecture, is naturally entrusted with an important task, specifically responsible for the implementation of the project. Although he is only a clerk, He Wei’s actual weight is no less than that of the director, even better than that of the deputy director in charge. He can have the final say in the project management and fund settlement of infrastructure projects in the bureau.

　　At the end of 1997, many sports projects in Zhejiang Province were prepared one after another. He Wei quickly entered the "role" and received 10,000 yuan from the contractor Chen Mou politely at home in a few days, and tasted the sweetness of power for the first time. In the Spring Festival of 1998, when He Wei received a 20,000 yuan "New Year greeting gift" from the contractor Zhao for the second time, he began to save the "guest words". By the Mid-Autumn Festival in 2000, when He Wei received the 50,000 yuan "festival fee" from Zhao for the third time, he didn’t even look at it, but put it on the coffee table with his hand.

　　In September 2001, with the construction of Zhejiang Sports Training Center in Qianjiang Science and Education City, Xiaoshan District, Hangzhou, He Wei’s channels for accepting bribes were wider. He began to be dissatisfied with the tens of thousands of yuan collected during the Chinese New Year holiday, but took the initiative to attack and ask for bribes. At that time, an architectural design institute in Hangzhou was actively striving for the design business of Xiaoshan sports training base, and found He Wei to help. He Wei took a fancy to a newly bought car in Changshou, the hospital, and took this new car of nearly 150,000 yuan as his own in the name of borrowing. Until the incident, this car has not been returned to Shoumou.

　　He Wei, who has a car, soon proposed to Shoumou to match a parking space. Shoumou had no choice but to pay 160 thousand yuan from the unit to buy an underground parking space for He Wei in the name of He Wei’s wife Wang.

　　In February 2006, He Wei became the deputy director of the Planning and Finance Department of Zhejiang Sports Bureau and the deputy director of the Bureau’s Infrastructure Office. His power in his hands was even greater and his appetite was even greater. On August 12th of the same year, He Wei asked a design institute in Hangzhou for a bribe of 250,000 yuan from Shou and others. Soon after, he asked Jiang of the design institute for 120,000 yuan. Shoumou testified: "He Wei is so greedy that he always complains to us that he doesn’t even have money for tea. Sometimes he sees high-grade cigarettes smoked by other bosses, and he also asks for them on the spot. " Wang Yu, director of the Public Prosecution Division of the Hangzhou Procuratorate, who undertook the case, admitted frankly that he had handled many bribery cases, but it was the first time for a corrupt official like He Wei who had to collect money for almost every project.

　　Zhou, a female contractor, was even more frightened by He Wei’s request for bribes. She said to the prosecutor: "When I received a phone call from He Wei, I was so jumpy that I was nervous afterwards." In October 2005, He Wei asked her for 300,000 yuan for the first time. At the end of that year, He Wei asked her for 350,000 yuan, and Zhou, who wanted He Wei in the payment of the project, had to give it. In the first half of 2006, He Wei directly asked Zhou for 300,000 yuan and 390,000 yuan twice. In 2007, He Wei asked Zhou for 400,000 yuan on the grounds that he had no money to spend. From 2005 to 2007, He Wei asked Zhou for a total of 1.74 million yuan, not including the 20,000 yuan offered by Zhou.

　　Asking for bribes directly in the form of "crying poor" has gradually become the main way for He Wei to accept bribes. Among the 6.89 million yuan of bribes verified and identified, his bribes amounted to 5.73 million yuan! In fact, He Wei’s family condition is very good, and he can achieve a "well-off" only by the normal income of Zhejiang Sports Bureau. However, as He Wei himself said: "Who will think too much money? Who doesn’t take something for nothing? ！” In a word, taking bribes has long been the "motto" of this briber.

　　Money is the "passport" for bribers to get the project.

　　For many engineering contractors, He Wei, who holds the power of infrastructure projects, is undoubtedly their "food and clothing parents", and "bribery" has undoubtedly become their "passport" to obtain projects.

　　Take the Xiaoshan Sports Training Center project in Zhejiang Province with a civil project budget of 300 million yuan and a total investment budget of nearly 900 million yuan as an example. This huge project with a total area of more than 310,000 square meters and a total construction area of more than 140,000 square meters will build track and field, football field, tennis court, volleyball court, basketball court, archery field, indoor track and field training hall, swimming and diving hall, competitive gymnasium, table tennis hall, comprehensive training hall and other related supporting facilities. Construction started in 2001, and projects are still under construction. In the face of such an attractive "super cake", the reporter found that the "unique skill" of the contractor is to pay bribes.

　　A membrane structure engineering company in Hangzhou had no chance to win the membrane structure project of Xiaoshan Sports Training Center in terms of qualification or strength, but Xu, the manager of the company, bribed He Wei with 140,000 yuan, 1,000 euros and a valuable watch, and successfully undertook a large number of projects. Chen Mou of another company can successfully contract many construction projects of Xiaoshan Sports Training Center and get the project payment on time, which is not unrelated to his constant "burning incense" to He Wei. Although he Wei received a total of 1,072,700 yuan, 5,000 US dollars and 20,000 Hong Kong dollars from Chen Mou, 962,700 yuan belonged to He Wei who asked Chen Mou for New Year greetings and other reasons. However, He Wei said to the prosecutor handling the case: "Chen Mou’s bribery has really brought our relationship closer, which not only increased my impression of him in the bid evaluation, but also made me support him without hesitation in the project payment."

　　Xu Mou, a paint supplier, Xia Mou, a salesman of an engineering consulting company, and Lu Mou, the general manager of a fire safety technology company … gave He Wei 5,000 yuan to 10,000 yuan to get a piece of the Xiaoshan Sports Training Center project. The "successful demonstration effect" of these bribers attracts more contractors to join the ranks of bribery. Tian Miaofa is one of the "big bribers".

　　Tian Miaofa, who graduated from primary school, heard that many people made a fortune contracting the relevant projects of Xiaoshan Sports Training Center, and also started the idea of contracting projects. Through He Wei’s mother-in-law, Tian Miaofa met this powerful figure. In the first half of 2003, when He Wei’s father was hospitalized, Tian Miaofa went to visit and was asked to pay 10,000 yuan by He Wei. This makes Tian Miaofa understand that He Wei is not a "risk-averse", and also makes him firmly believe that "you can get the other party, get the project and earn a lot of money with money".

　　Tian Miaofa doesn’t have a construction company of his own, so he took the way of linking to undertake the project. He Wei, who is well aware of this obvious violation of regulations, not only did not stop it, but actively provided convenience for Tian Miaofa. In the second half of 2003, with the help of He Wei, Tian Miaofa undertook the projects of table tennis hall and tennis court in Xiaoshan Sports Training Center without bidding procedures. However, at the end of the year, He Wei asked Tian Miaofa for 200,000 yuan.

　　At the beginning of 2004, He Wei resolved the throwing pavilion project with a project cost of more than 2.8 million yuan, which should have been invited for bidding, and changed it to internal negotiation. In the bidding negotiation, Tian Miaofa instructed others to raise the bidding amount of other units, and used the bidding documents forged by others’ private seals to negotiate the bidding, and obtained the project through He Wei by means of linking and contracting. He Wei provided convenience for Tian Miaofa when the project payment was settled, and the final settlement price of the project reached more than 3.7 million yuan. At the beginning of 2005, Tian Miaofa gave 500,000 yuan in cash to He Wei to show his gratitude.

　　What Tian Miaofa didn’t expect was that in March 2006, He Wei bought a house in Xiaoshan in the name of his mother Zhang, and used this as an excuse to ask Tian Miaofa for more than 2.29 million yuan. Thinking of taking care of He Wei in the future, Tian Miaofa borrowed money from He Wei to buy a house despite his wife’s opposition. In this way, inadvertently, Tian Miaofa became the "largest family" who paid bribes to He Wei, and also became the most severely punished briber in Zhejiang Province in recent years for bribery.

　　Warning: The briber is the grave digger of the briber.

　　Walking on the road of accepting bribes, He Wei was flattered by his smoothness. Occasionally, he was at a loss and had the idea of stopping crime, but greed quickly gained the upper hand. In search of excitement, He Wei fell in love with gambling. He often hangs out in chess rooms and mahjong parlors in Hangzhou. If he loses, he will call those contractors to pay the bill. After a period of time, at least there will be 50,000 yuan. Later, he went to Macau to gamble with bosses who wanted him, and he accepted a gambling chip of HK$ 10,000 from one boss at a time.

　　With the increasing amount of bribes, He Wei began to think about preserving and increasing the value of the money. He wanted to plan the future for his daughter who was still in primary school: to study abroad and have food and clothing … Besides investing in real estate, he also bought funds in the name of his wife and others …

　　He is not worried that he will have an accident, because there is no problem with the quality of the project undertaken by Tian Miaofa and others, and he also won the "Qianjiang Cup". He naively believes that since those contractors who pay bribes have also received corresponding benefits, they will "live in harmony" with him and naturally will not report him. No one reported it, so who can find out about themselves except you and me?

　　It was not until December 21, 2007 that He Wei was put on file for investigation by the Hangzhou Procuratorate that he woke up like a dream: If you want others to know, you must do it yourself.

　　On January 22, 2008, Tian Miaofa surrendered himself to the Hangzhou Procuratorate and was detained on the same day. On July 29th of the same year, the day after He Wei’s 43rd birthday, the Hangzhou Intermediate People’s Court made a first-instance judgment on He Wei’s bribery case and Tian Miaofa’s bribery case: As a national staff member, He Wei used his power to ask for and illegally accept other people’s property, with a cumulative amount of 6.89 million yuan, and sought illegal benefits for others, which constituted a crime of accepting bribes; In the project undertaking and construction, Tian Miaofa violated state regulations, gave He Wei more than 3 million yuan in money in order to seek illegitimate interests, and actually obtained illegitimate interests, which constituted a crime of bribery. Most of the property obtained by He Wei is a bribe, which should be severely punished. He Wei was sentenced to death for accepting bribes, suspended for two years, and confiscated all personal property; Tian Miaofa was sentenced to seven years in prison for bribery.

　　After the judgment of the first instance, He Wei and Tian Miaofa refused to accept the appeal. Not long ago, the Zhejiang Provincial High Court made a final ruling dismissing the appeal and upholding the original judgment.

　　The field of engineering construction has always been a high-incidence area of bribery cases. It is understood that bribery crimes in this field account for more than 60% of bribery crimes investigated and dealt with by procuratorial organs. This case can be said to be a typical sample.

　　On the eve of the Spring Festival this year, Director Wang Yu said in an interview with reporters that He Wei’s criminal path is related to his low personal quality, greedy nature and weak legal concept, but it is undeniable that the over-concentration of power and lack of substantive supervision are also important factors leading to the final fall of a cadre with a light position and weight. However, Tian Miaofa dares to challenge the law, largely because the explicit "hidden rules" in the current engineering construction are playing a catalytic role. "These’ hidden rules’ have shaken the fair and just competition environment in the engineering construction market, poisoned the social atmosphere, made a large number of effective systems not implemented, laws and regulations exist in name only, the project bidding process is full of loopholes, and subcontracting is endless, making power and money transactions inevitable." For example, Wang Yu said that He Wei is not only the owner, but also an expert in bidding. Who is responsible for this obvious "wrong design"? Wang Yu, in combination with some cases he handled, also found that He Wei’s practice of circumventing the bidding law and turning the project into zero still exists in a large number in the current engineering field, which cannot but attract the attention of relevant departments. (Fan Yuehong)

Editor: Liu Li

　　When it comes to SAIC Audi, people often think of luxury and high-end. Because of this, Audi cars have become the dream car in the hearts of countless car fans. With its consistent adherence to quality, SAIC Audi has firmly sat on the high-end market throne. Recently, SAIC Audi once again lived up to expectations and launched a new generation of C +-class performance luxury flagship – the new SAIC Audi A7L, with dynamic exterior design, technological interior, and surging power, to meet users’ needs for luxury cars and start a new journey.

　　Renewal of two appearance sets, high recognition

　　In terms of appearance, the new SAIC Audi A7L adopts two different styles of appearance design: dynamic suit and trendy suit. In the front face part, the new car uses the iconic hexagonal air intake grille design. In addition, the dynamic suit has newly upgraded the design of the middle grid, side air intake and rear diffuser, combined with the four prisms on the engine cover for great visual impact. LED headlights on both sides of the front use a matrix design, which is highly recognizable when lit.

　　The side lines of the new car are loose and powerful, and the slender body shape is quite dynamic. In addition, the wheel hub shape adds 21-inch double V-shaped 5-spoke aluminum alloy wheels and red calipers. In the rear part of the car, the lighting effect of the through-type LED taillight group is very technological, and the duck-tail shape spoiler above the trunk is full of movement with the bottom blackened rear surrounding components.

　　The interior is sporty and full of technology

　　The overall design of the interior of the new car is sporty. The through-air conditioner is trended with chrome-plated trim, which is more delicate. The car adopts a three-screen design, including a multimedia entertainment display screen, an air-conditioning control panel and a full LCD meter. The overall sense of technology is full. At the same time, the Dream Youth Edition model is also equipped with a comfort key and a mobile phone battery life set, and the Dream Future Edition is equipped with a winter warm set and a keyless entry and electric tailgate set.

　　In addition, the new car also adds a new interior color, shadow gray, which is also exclusive to the RS kit racing version. The super sports seat in the car is equipped with Wagner leather seat fabric with diamond rhombus pattern contrasting stitches, engraved with RS Logo, forming a layered overall color match.

　　A variety of power configurations are available, surging and abundant

　　In terms of power, the new car offers two options: 2.0T engine and 3.0T V6 + 48V light hybrid system. Among them, the 3.0T V6 + 48V light hybrid power system has a maximum power of 250 kW, a peak torque of 500 Nm, and a 0-100km/h acceleration of 5.6 seconds. It matches a 7-speed wet dual-clutch gearbox. The 2.0T engine has a maximum power of 180 kW and a peak torque of 370 Nm. It also matches a 7-speed wet dual-clutch gearbox. The 2.0T model offers two-wheel drive and four-wheel drive for selection, and the 3.0T model comes standard with a four-wheel drive system.

　　It is understood that the new SAIC Audi A7L has launched a total of 7 models this time, including the regular version, the special version Darth Vader version and the RS kit racing version, with a price range of 418,700 – 666,200 yuan. Such a rich product line not only meets the diverse car purchase needs of different consumers, but also shows SAIC Audi’s deep strength in the luxury car market. I believe that with the launch of the new SAIC Audi A7L, it will further promote the development of the domestic luxury car market and bring you a more distinguished driving experience.

The fuel of the main torch of Hangzhou Asian Games is "green" methanol, which is called "green" because the preparation process of methanol is "zero carburetion", that is, the amount of carbon dioxide produced and consumed is completely neutralized from methanol production to methanol combustion. This is also the first time that zero-carbon methanol has been used as torch fuel in large-scale events. When the main torch was lit, the bright and elegant flame posture added a lot of color to the opening ceremony. Under normal circumstances, the combustion of methanol is light blue, which is not easy to see. In order to make the flame look more beautiful, the research team added a small amount of special "salt" into methanol, and the flame reaction of calcium ions and sodium ions in the salt ensured the flame to produce bright yellow and reddish colors, making the ignition ceremony more ornamental. (Science and Technology Daily reporter Liang He, Photography/Science and Technology Daily reporter Zhou Weihai)

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.)

　　
The People’s Liberation Army (PLA) has accumulated rich operational experience after a year and a half of fighting, especially since it turned to a strategic offensive. Mao Zedong made a systematic and scientific summary of these experiences. From December 25th to 28th, 1947, the Central Committee of the Communist Party of China held an enlarged meeting in Yangjiagou, Mizhi County, northern Shaanxi, at which Mao Zedong made a report on "Current Situation and Our Tasks". In this report, the famous "Ten Military Principles" were put forward. The main contents are: fight scattered and isolated enemies first, and then fight concentrated and powerful enemies; Take small cities, medium-sized cities and vast villages first, and then take big cities; The main goal is to annihilate the enemy’s effective forces, not to preserve or seize cities and places; Concentrate absolute superior forces in each battle, surround the enemy on all sides, and strive to wipe out the enemy, so as not to escape the net; Don’t fight unprepared battles, don’t fight uncertain battles; Carry forward the style of fighting bravely, not afraid of sacrifice, not afraid of fatigue and continuous fighting; Strive to annihilate the enemy in the movement, while paying attention to position attack tactics; On the issue of siege, all enemy strongholds and cities with weak defenses are firmly seized, all enemy strongholds and city cameras with medium defenses are seized, and all enemy strongholds and cities with strong defenses are seized when conditions are ripe; Replenish ourselves by capturing all the enemy’s weapons and most of their personnel. The source of our army’s manpower and material resources is mainly at the front. Be good at using the gap between the two campaigns to rest and train troops.
The full text of the top ten military principles is 593 words. In incisive language, Mao Zedong made the strategic and tactical principles of the People’s Liberation Army clear, which is both easy to understand and easy to remember. It is completely different from his opponent Chiang Kai-shek’s long speech. In the later stage of strategic decisive battle and strategic pursuit, the People’s Liberation Army flexibly applied ten military principles, further enriched and developed this theoretical treasure, and finally relied on this treasure to completely defeat eight million Kuomintang troops.
From the sixteen-character formula to the ten military principles, it marks the improvement of the strategic and tactical theory of the people’s army, and marks that Mao Zedong’s military thought reached an unprecedented height during the War of Liberation. Therefore, it is not difficult for people to understand why Chiang Kai-shek, who was an excellent cadet studying in the Japanese military academy and the president of the Whampoa Military Academy, was finally defeated by Mao Zedong, who had never been to a military academy for a day. Batman, a British military expert, commented: "Mao Zedong is an era figure who holds all the keys to unlock the military mysteries of this era." (Xinhua News Agency)

Editor: Cao Jin

[Original of Truck House] Because pulling agricultural and sideline products can enjoy high-speed and free policy treatment, many card friends are also more willing to pull green links, but we should keep our eyes open about pulling green links.

Since it is a "green channel", there must be many restrictions. It is impossible for all agricultural products to take the green channel. Recently, card friends in Shaanxi have suffered in this respect.

Recently, when a netizen dragged Apple through Shaanxi Ankang Expressway toll station, the toll collector said that the card friend’s vehicle could not enjoy the green channel treatment. Although the load of the vehicle met the requirements of Lutong, the toll must be paid in full.

Here, many card friends are puzzled. Ran He is listed in the catalogue of fresh agricultural products. Why does Ankang toll collector decide that the car apple does not belong to Lutong? Is this apple kicked out of the catalogue of agricultural products by Ankang?

The toll collector said that it is true that apples are green products, but the apples on the car have rotted in a large area and do not meet the definition of "fresh".freshIs the first condition to take the green link.Since you don’t meet the requirements, why can you enjoy green treatment?

The staff of Shaanxi Traffic and Transportation Service Hotline responded to the incident, saying that there is no dispute that apples belong to Lutong products. According to the on-site toll collector’s inspection, the apples loaded on the vehicle are all rotten apples, commonly known as "falling fruit". Therefore, even if the load of the whole vehicle is within the standard range, the cargo occupies more than 80% of the car volume, but because the fruits on the vehicle are rotting in a large area and are very stale, it is compliant not to let Lutong go.

The staff of Shaanxi Expressway Baihe Management Office introduced that enjoying the green channel policy refers to fresh vegetables and fruits, and the staff checked the vehicles, and the loaded goods (apples) had obvious rot.It does not meet the requirements of "liveliness" stipulated in the document, so it is feasible not to give green channel treatment.

According to the spirit of the document "Notice on Further Optimizing the Green Passage Policy of Fresh Agricultural Products Transportation" issued by the three ministries and commissions, fresh agricultural products enjoying the "green passage" policy refer to fresh vegetables, fruits, fresh aquatic products, live livestock and poultry, fresh meat, eggs and milk. If it is found that it is mixed or counterfeit and does not meet the policy requirements, it needs to be handled according to the regulations.

That is to say, the toll collectors have the right to inspect the vehicles carrying Lutong. As long as the loaded goods do not meet the requirements and specifications in the Catalogue of Fresh Agricultural Products, or the bearing quality does not meet the minimum load requirements of the documents, they are not allowed to take the green channel and must pay the toll.

● 　Postscript

Not all green products are green links. There used to be pineapple, pineapple and cherry cherries, but now there are fresh and rotten ones. I wonder what card friends think about the fact that rotten fruits are not green links. You can make your voice heard in the comments section. (Text/Wei Qingbo Source/Shaanxi Expressway Baihe Management Office)

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

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

Held in the Great Hall of the People today

China Prize for Journalism, Yangtze River Taofen Award

At the awards presentation

From People’s Navy Newspaper and Workers’ Daily

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

Representatives of Zhejiang Radio and Television Group and Harbin Daily

Speak successively

Let’s take a look together

What did they say?

　　Cai Nianchi, newspaper office of People’s Navy

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

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

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

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

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

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

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

　　Lan Haiyan, domestic news department of Workers Daily

　　Take his heart as my heart

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

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

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

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

　　People’s Daily Review Department Guicong Road

　　Let grand narrative connect with individual feelings

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

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

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

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

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

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

　　The majestic power of writing thoughts

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

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

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

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

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

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

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

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

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

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

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

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

　　Zhejiang Radio & TV Group Rong Media News Center Yang Chuanyuan

　　Let the reform report have sharpness and temperature.

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

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

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

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

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

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

　　Harbin daily newspaper Xin media studio Niu Yuqi

　　Recording warm fire refracts dazzling light.

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

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

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

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

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

　　Socialism with Chinese characteristics system has many obvious advantages, among which the Communist Party of China (CPC)’s leadership is the greatest advantage and the fundamental guarantee for other advantages to exist and play their roles.

　　Strengthening the party’s leadership over all work is not empty and abstract, but should be implemented and embodied in all aspects and links.

　　"Without communist party, there would be no new China, communist party worked hard for the nation, and communist party devoted himself to saving China … …” Looking back on the past, generations of Chinese sons and daughters sang this song from the bottom of their hearts, ushered in a new China, and entered a new era. The party and the people struggled for a hundred years and wrote the most magnificent epic in the history of the Chinese nation for thousands of years. Passing through the historical situation, a truth shows the future: without the Communist Party of China (CPC), there would be no new China and no great rejuvenation of the Chinese nation.

　　The Sixth Plenary Session of the 19th CPC Central Committee deliberated and adopted the Central Committee of the Communist Party of China’s Resolution on the Great Achievements and Historical Experience of the Party’s Hundred Years’ Struggle, which systematically summed up the core connotation of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era with "Ten Definitions", among which the leadership of the Party was the first. "The most essential feature of Socialism with Chinese characteristics is the Communist Party of China (CPC)’s leadership. The biggest advantage of Socialism with Chinese characteristics system is the Communist Party of China (CPC)’s leadership, and the Communist Party of China (CPC) is the highest political leadership. The whole party must strengthen ‘ Four consciousnesses ’ , firm ‘ Four self-confidences ’ , do ‘ Two maintenance ’ " This important conclusion profoundly reveals the relationship between the Party’s leadership and Socialism with Chinese characteristics, and marks that our Party’s understanding of the Marxist theory of party building and the law of socialist development has reached a new height.

　　Socialism with Chinese characteristics system has obvious advantages in many aspects, among which the Communist Party of China (CPC)’s leadership is the greatest advantage and the fundamental guarantee for other advantages to exist and play their roles. General Secretary of the Supreme Leader profoundly pointed out: "Upholding and strengthening the overall leadership of the Party is related to the future and destiny of the Party and the country. All our undertakings are based on this foundation and are rooted in this most essential feature and greatest advantage." Looking back at the history of the party, we can see that when the party’s overall leadership is adhered to, the cause of the party and the people will develop healthily; When the overall leadership of the Party is weakened or even abandoned, the cause of the Party and the people will be frustrated or even failed.

　　Quenched into steel, party flag holds high. In response to the acute and complicated "four tests" and "four dangers", we have promoted the building of a clean and honest party style and the anti-corruption struggle with unprecedented courage and determination, and the loose and soft situation of managing the party has been fundamentally reversed; Face up to the world problem of getting rid of poverty, lead the masses to overcome poverty after poverty, and create a miracle on earth that no political force in the world can create; In the face of the sudden COVID-19 epidemic, adhering to the concept of people first and life first, we led the people of the whole country to quickly launch a people’s war, a total war and a blocking war … … Looking back on this decade’s endeavor, people feel more deeply that the Communist Party of China (CPC) has incomparable strong leadership and is the most reliable backbone of the people of China when the storm strikes.

　　Upholding and strengthening the overall leadership of the Party is one of the most important achievements since the 18th National Congress of the Communist Party of China, and it is also the most fundamental guarantee for the historic achievements and changes in the cause of the Party and the country. From ensuring the unity and unity of the party, strengthening and maintaining the centralized and unified leadership of the CPC Central Committee to serious political life within the party and strict political discipline and rules of the party; From perfecting the party’s leadership system, ensuring that the party plays a leading role in various organizations, to adhering to democratic centralism and improving the mechanism for promoting the implementation of major decisions of the CPC Central Committee … … Since the 18th National Congress of the Communist Party of China, the Party Central Committee with the Supreme Leader as the core has made a series of major decisions and arrangements around upholding the overall leadership of the Party. The authority and centralized and unified leadership of the Party Central Committee have been strongly guaranteed, the leadership system of the Party has been continuously improved, the leadership style of the Party has become more scientific, the whole Party has become more unified in thought, more United in politics and more consistent in action, and the party’s political leadership, ideological leadership, mass organization and social appeal have been significantly enhanced.

　　Every mountain is majestic, and there must be a main peak. To uphold the leadership of the Party, the first thing is to uphold the authority of the CPC Central Committee and centralized and unified leadership. This is the highest principle of the leadership of the Party, and it cannot be vague or shaken at any time and under any circumstances. The Sixth Plenary Session of the 19th CPC Central Committee pointed out: "The Party’s establishment of the core position of the Party Central Committee and the whole Party, and the guiding position of the Supreme Leader’s Socialism with Chinese characteristics Thought in the new era reflect the common aspiration of the whole party, the whole army and the people of all ethnic groups throughout the country, which is of decisive significance to the development of the cause of the Party and the state in the new era and the historical process of promoting the great rejuvenation of the Chinese nation." To embark on the new road of catching up for the exam to achieve the goal of the second century, we must uphold the party’s leadership, strengthen the "four consciousnesses", strengthen the "four self-confidences" and achieve the "two safeguards", bear in mind that "the country is the greatest", resolutely safeguard the authority of the Party Central Committee and centralize and unify leadership, and implement and embody the party’s leadership in various fields such as reform, development and stability, internal affairs, foreign affairs and national defense, and running the party, state and army; We must constantly improve the party’s leadership, constantly improve the party’s scientific, democratic and legal governance, and make the party’s leadership more suitable for the requirements of practice, the times and the people.

　　"Everything comes from its source, and everything comes from its way." In the big chess game of the national governance system, the CPC Central Committee is the "handsome" who sits in the military account, and the chariots, horses and guns show their strengths, and the overall situation of a chess game is clear. Strengthening the Party’s leadership over all work is not empty and abstract, but should be implemented and embodied in all aspects and links. Especially in Socialism with Chinese characteristics system, a strict and complete scientific system, the fundamental system, basic system and important system play an important role, among which the leading system of the party is the leading system. On the way forward, as long as we persist in the party’s overall leadership, resolutely safeguard the party’s core and the authority of the CPC Central Committee, give full play to the political advantages of the party’s leadership, and implement the party’s leadership in all fields and all aspects of the party and state undertakings, we will certainly be able to ensure that the whole party, the whole army and the people of all nationalities in the country will move forward in unity.

　　Today, with more than 95 million party member people and more than 4.8 million grass-roots party organizations, the Communist Party of China (CPC), under the strong leadership of the CPC Central Committee, is United as a "hard steel" and marching forward in unison. On the new great journey, unite more closely around the CPC Central Committee with the Supreme Leader as the core, uphold and strengthen the overall leadership of the Party, and build the Party stronger and stronger. We will certainly overcome difficulties and forge ahead bravely, and constantly create new historical achievements.

1905 movie network news The movie Korea is scheduled for March 6, and the Korean poster is released at the same time. The film, directed by and starring, will be exclusively shown at Lotte Cinema in Korea. The film was released in mainland China on July 28th, 2023, with a total box office of 913 million yuan, becoming the domestic sports film box office champion in China film history.

Enthusiasm tells the story of Ding Lei (Bo Huang), a hip-hop coach, and Chen Shuo (YiBo), who loves hip-hop, overcoming various difficulties and leading the dance troupe "exclamation mark" to win the national competition. There are not only a lot of high-burning street dance scenes in the film, but also spiritual dialogues about youth, growth and dreams, which bring a journey of laughter and tears to the audience.