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Fear of A-share high P／E ratio 118 stock funds can’t outrun the Shanghai and Shenzhen 300.

　　　　Since the beginning of this year, only three of the 121 stock funds have outperformed the Shanghai and Shenzhen 300 Index. In the past year (from September 18, 2006 to September 17, 2007), only two stock funds have outperformed the Shanghai and Shenzhen 300 Index.


　　　　"Is the Shanghai and Shenzhen 300 really hard to beat?" According to insiders of fund companies, recently, a group of fund managers discussed this "strange phenomenon" with great anxiety at the party.


　　　　Funds can’t outrun the Shanghai and Shenzhen 300.


　　　　In the past year, only two equity funds, Huaxia Market Selection and China Post Entrepreneurship Core Optimization, outperformed the Shanghai and Shenzhen 300 Index, rising by 309.87% and 309.48% respectively. In the same period, the Shanghai and Shenzhen 300 Index rose by 303.64%, while the Shanghai Composite Index rose by 215%.


　　　　From the beginning of this year to September 17th, only three equity funds outperformed the Shanghai and Shenzhen 300 Index, namely, China Market Select (up 205.31%), China Post Core Preferred (up 193.90%) and Everbright Prudential Bonus (up 166.67%). In the same period, the Shanghai and Shenzhen 300 Index rose from 2,041.05 points to 5,498.91 points, with an increase of 169.42%, while the Shanghai Composite Index rose by 102.63%.


　　　　Observing the awkward positions of these three funds, we can find that as of June 30, the second largest awkward position in China’s market selection was *ST Guangsha. At the end of 2006, *ST Guangsha had not yet entered the fund portfolio, but by the mid-2007, the position of Huaxia Market had rapidly increased to 10,699,400 shares, which was just the middle of the big band in which *ST Guangsha rose from 6 yuan to 15 yuan.


　　　　From *ST Guangsha, baoshan iron & steel, China Southern Airlines and China Storage Co., Ltd. to Taiyuan Heavy Industry Co., Ltd., China’s market selection is neither greedy nor urgent, and only eats the middle paragraph of the market. The most typical one is Taiyuan Heavy Industry, which opened a position near 6 yuan around June 2006, and got away with it when it rose to 9 yuan.


　　　　The optimization of China Post’s entrepreneurial core and the dividend of China Everbright Prudential are typical inverted pyramid operations. In the first half of this year, China Post’s entrepreneurial core gradually increased its position in CONCH and completely ate the stock’s market from 28 yuan to 60 yuan.


　　　　Is underperforming the broader market due to the high performance benchmark?


　　　　Faced with the embarrassment that the whole fund industry has underperformed the broader market, are fund managers really exhausted in Jiang Lang?


　　　　"In fact, on the whole, the performance of the fund sector is still above average. The reason why it underperformed the broader market is mainly because the performance appraisal benchmark is too high." Zhou Liang, research manager of Lipper China, told the Financial Weekly reporter that if the performance of the Shanghai Composite Index is compared, the performance of most equity funds is beyond the broader market.


　　　　From the beginning of this year to September 17th, the Shanghai Composite Index rose from 2,675.47 points to 5,421.39 points, an increase of 102.63%. In the same period, data from Galaxy Securities showed that 78 of the 121 equity funds had a net growth rate that exceeded that of the Shanghai Composite Index. All 16 index funds outperformed the Shanghai Composite Index, ranking first among all types of funds with an average net growth rate of 139.32%. Of the 57 partial stock funds, 31 were up to standard, with an average growth rate of 114.14%.


　　　　But if calculated by Shenzhen Component Index, the confidence of fund managers will be gone. Statistics show that since the beginning of this year, the Shenzhen Component Index has risen from 6,647.14 points to 18,499.38 points, an increase of 178%. During this period, among the equity funds, only two funds, selected by Huaxia Market and optimized by China Post, reached the standard, and only E Fund SZSE 100TEF exceeded this level. The hybrid fund is completely annihilated, and its performance is lower than this level, whether it is partial stock, balanced or partial debt.


　　　　Zhou Liang believes that since the beginning of this year, the sudden emergence of Shenzhen market has boosted the growth rate of the whole A-share market. However, for the sake of controlling risks, fund companies have not increased their positions in Shenzhen, making their performance weaker than that of the Shanghai and Shenzhen 300 Index, which combines the performance of Shenzhen and Shanghai markets.


　　　　Institutional game competition upgrade


　　　　"If we must find the reason from the performance of the fund, the intensified competition in the A-share market may be an important reason." Zhou Liang told reporters that during the bear market from 2002 to 2004, the net value shrinkage rate of most funds was less than the decline of the stock index, and some funds even made small profits during this period by tapping the "five golden flowers" and "blue chip concept".


　　　　"In the bear market, the net shrinkage rate is less than the performance benchmark, which is also considered to outperform the market. However, it is increasingly difficult to ask the fund to surpass the market now, because the investor structure of A shares has undergone fundamental changes. " Zhou Liang said.


　　　　According to the data of Galaxy Securities, as of June 30, 2007, the net assets of 347 funds in the A-share market totaled 1,799.073 billion yuan, of which the net assets of stock-oriented funds reached 1,671.120 billion yuan, accounting for 31.25% of the circulating market value of Shanghai and Shenzhen A-shares.


　　　　Zhou Liang believes that before 2005, fund assets accounted for a relatively small proportion of the circulating market value of A-shares, and the main competitors of funds were retail investors. However, with the extraordinary growth of fund scale in recent two years, it has evolved into a game between funds. As a result, it is becoming more and more difficult to beat the market.


　　　　Reduce the shareholding ratio under the fear of high valuation


　　　　"You know it’s a dangerous game, but you have to play it." Not long ago, the investment director of a joint venture fund company privately commented on the current A-share market.


　　　　"Take China Aluminum as an example, its stock market value has exceeded 700 billion yuan, which is equivalent to 90 billion US dollars, which is 3.3 times that of Alcoa, the largest aluminum company in the world. "Alcoa’s average P/E ratio is about 11 times, and Chinalco’s P/E ratio is already 50 times. I don’t know which valuation method can support such a price." The person said.


　　　　It will be a long-term trend for savings to "move" to the stock market through funds. This forced fund managers with huge sums of money to "wander around" in all sectors of the stock market, and at the same time promoted this sector to become a "valuation highland", it also made that sector a "value depression", and so on, gradually raising the value center of the whole market.


　　　　"It’s like wearing three shirts in turn. There is always one that is relatively clean, but the shirt will be washed sooner or later." A fund manager of a company headquartered in Beijing Financial Street told reporters that although the reason told him that the overall valuation of the A-share market was high, he had to look for the so-called "value depression" due to performance pressure.


　　　　The fund manager believes that fearing the high P/E ratio of A shares and reducing the shareholding ratio is also a reason why some funds failed to outperform the Shanghai and Shenzhen 300.


　　　　Retail investors or trigger chain redemption


　　　　Zhang Hongji, general manager of Linfen Jiuxin Investment, believes that the same investment philosophy and the investment model derived from it have led to the increasingly serious phenomenon of similar fund positions. Once the stock market turns and fund investors redeem it on a large scale, the fund industry is in danger of breaking the capital chain.


　　　　"Now that the market has risen to 5,400 points, and the increase has exceeded 400% in two years, it is necessary for investors to properly consider the risks caused by adjustment." Zhang Hongji believes that the retail of fund investors may trigger an unexpected chain reaction in the stock market.


　　　　At present, fund positions have accounted for more than 30% of the total market value of A-shares. The redemption of a fund is very likely to lead to the decline of a stock, which in turn will cause the loss of the net value of other funds and trigger a larger redemption.


　　　　The European fable that a nail destroys a country is likely to be a portrayal of the future of the A-share market, Zhang Hongji believes.


　　　　Zhou Liang suggested that "investors with very high risk requirements can consider playing new funds and bond funds." (Reporter Xiao Yang)

Editor: Zhao Xuanxuan

Changchun BMW i4 is on sale! The lowest price is 374,900, and the quantity is limited.

[car home Changchun Preferential Promotion Channel] Recently, preferential promotion activities are being carried out in Changchun area, with the maximum preferential amount reaching 55,000 yuan, which makes the price of this luxury electric car more close to the people. At present, the minimum starting price of BMW i4 has dropped to 374,900 yuan. If you are interested in this model, please click "Check the car price" in the quotation form to get a higher discount.

长春宝马i4正在优惠！最低售价37.49万，数量有限

BMW i4 adopts a fashionable front face design, and the iconic kidney-shaped air intake grille shows its unique family style. The air intake grille adopts a closed design, which highlights the identity of its electric vehicle and is equipped with blue decorative strips to highlight its electrification characteristics. The overall appearance is smooth and the body is low, showing a dynamic style. The waistline on the side of the car body is simple and powerful, outlining a dynamic outline. The rear design is simple and exquisite, and the taillights use LED light source, which is unique in shape. The whole BMW i4 gives people a luxurious and sporty feeling, which meets the aesthetic needs of modern consumers.

长春宝马i4正在优惠！最低售价37.49万，数量有限

The body size of BMW i4 is 4785*1852*1455mm and the wheelbase is 2856mm. The side lines of the vehicle are smooth and dynamic, with a front wheel track of 1601mm and a rear wheel track of 1630mm, which ensures the stability and handling of the vehicle. In terms of tires, the specifications of the front wheel are 245/45 R18, and the rear wheel is 255/45 R18. With the fashionable rim design, it shows the dynamic and sporty atmosphere.

长春宝马i4正在优惠！最低售价37.49万，数量有限

The interior design of BMW i4 presents a fashionable and scientific style. The center console is equipped with a 14.9-inch high-definition touch screen, which supports voice recognition control functions such as multimedia system, navigation, telephone and air conditioning. The steering wheel is made of leather, with manual up-and-down and forward-and-backward adjustment functions, providing a more comfortable driving experience. The car is also equipped with USB and Type-C interfaces, and there are two interfaces in the front row and the back row, which is convenient for passengers to connect equipment. The wireless charging function of the mobile phone also brings convenience to the front passengers. In terms of seats, BMW i4 provides the choice of imitation leather, genuine leather and leather /Alcantara mixed materials. The main and co-pilot seats support multiple adjustment functions, including front and rear adjustment, backrest adjustment, height adjustment (4-way), leg rest adjustment and lumbar support (4-way), and are equipped with seat heating function to ensure the comfort of passengers. In addition, the driver’s seat also has an electric seat memory function, which is convenient for the driver to adjust the seat position according to his personal preference. The rear seats support proportional tilting, providing passengers with more space flexibility.

长春宝马i4正在优惠！最低售价37.49万，数量有限

The BMW i4 is equipped with an efficient electric engine, which can output a maximum power of 210kW and a maximum torque of 400 Nm, giving drivers a powerful power experience.

The owner of car home said: "The configuration parameters of Series I’s 3, 5 and X3 are almost the same, except that the shell has been changed. I want to buy the I4 for more than 100,000 yuan. Of course, it is still imported, so there is no need to do such a thing as buying it home and deducting the label. At first glance, the big nostrils are not mediocre. When I drive out, people are guessing at 600,000. I am sorry. "

Hongqi EH7 car purchase guide 229,800

The competition in the car market is still very fierce now, and today’s editor brings it. As for the excellent performance of this car, please take a look.

First of all, from the appearance, the front of the Hongqi EH7 presents a stylish and simple design style, which looks relatively simple and fashionable. The headlights are stable and atmospheric, and the recognition is very high. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing, etc. Come to the side of the car, the body size of the car is 4980MM*1915MM*1490MM, the car adopts a sporty line, the body presents a young design style, and it is matched with large-sized thick-walled tires, which leaves a very tough feeling. At the rear of the car, the rear of the car and the front of the car echo each other, the taillights are very sturdy, and the overall shape is still very durable.

Sitting in the car, the interior design of the Hongqi EH7 takes a dignified route and meets the aesthetic standards of young people. The steering wheel of the car is very consistent with the interior style, using leather materials, and the visual effect is good. Take a look at the central control, the car is equipped with a simple and elegant touch LCD central control screen, which makes the interior design quite layered and looks very eye-catching. The interior feels good, and then look at the dashboard and seats. The dashboard design is remarkable, and the sporty atmosphere is created. The car uses leather seats, which are wide and thick and comfortable.

Hongqi EH7 matching gearbox, 455KW, 756N.m, power performance is good.

In terms of configuration, Hongqi EH7 is equipped with vehicle to everything, driving mode selection, remote control key, Bluetooth key, in-car ambient light, traction control (ASR/TCS, etc.) and other configurations.

Summarizing the full text: The Hongqi EH7 introduced today not only performs well in space, but also reaches the mainstream level in various configurations. The driving experience and spatial experience are not to be criticized.

Fuzhou Beijing BJ60 price reduction is coming! The highest discount 30,000, great discount today

Autohome Fuzhou Promotion Channel exclusively reports that this high-profile off-road model is bringing a car-buying feast not to be missed to consumers in Fuzhou. At present, Beijing BJ60 is launching an unprecedented promotion, which can enjoy a car purchase subsidy of up to 30,000 yuan, which further reduces the already competitive starting price. The minimum starting price has been adjusted to 209,800 yuan. This undoubtedly provides an excellent opportunity for consumers who want to experience the hard-core off-road charm. To seize this offer, get more detailed price information and exclusive car price, don’t forget to click the "Check Car Price" button in the quotation form to make the offer at your fingertips!

福州北京BJ60降价来袭！最高优惠3万，今日钜惠

The exterior design of the Beijing BJ60 shows a strong hard-edged off-road style, with a classic five-hole air intake grille on the front face and a huge bumper to create a strong visual impact. The body lines are smooth and powerful, outlining a solid and modern silhouette. Whether it is city driving or off-road adventure, it can show its unique charm.

福州北京BJ60降价来袭！最高优惠3万，今日钜惠

With its impressive body size, the Beijing BJ60 has a length, width and height of 5040mm x 1955mm x 1925mm, and a wheelbase of 2820mm, creating a solid and wide body ratio. The side lines are smooth, highlighting strength and movement, and the design of the front and rear wheel bases of 1620mm provides good driving stability and handling. In terms of tire specifications, the front and rear are equipped with 265/65 R18 tires, with exquisite wheel rim design, which not only enhances the overall visual effect, but also provides the driver with good grip and comfort.

福州北京BJ60降价来袭！最高优惠3万，今日钜惠

The interior design of Beijing BJ60 is full of modernity and luxury. The spacious interior of the carriage is equipped with exquisite imitation leather seats, which not only feels comfortable to the touch, but also has heating, ventilation and massage functions, providing passengers with the ultimate riding experience. Drivers can enjoy a leather-wrapped steering wheel, which provides a good grip and supports manual up and down + front and rear adjustment, which is convenient for drivers to adjust according to needs. The 12.8-inch central control screen stands on the dashboard, clearly displays information and works closely with the automatic speech recognition control system. It is easy to operate and provides drivers with rich entertainment and navigation functions. The USB and Type-C interfaces are evenly distributed to meet the multimedia needs of front and rear passengers, and the front row is also equipped with mobile phone wireless charging function, which brings more convenience to travel. In addition, the power seat memory function is specially designed for the driver’s seat, ensuring that the driver can easily find a comfortable position. The passenger seat also supports multiple adjustments, taking into account the comfort of passengers. Overall, the interior design of the BJ60 is both practical and luxurious, creating a warm and comfortable interior environment for drivers and passengers.

福州北京BJ60降价来袭！最高优惠3万，今日钜惠

The Beijing BJ60 is equipped with a 2.0T turbocharged engine with a maximum power of 120 kW, corresponding to 163 horsepower, providing the vehicle with abundant power output. Matched with it is an 8-speed automatic transmission, which allows the driver to get a smooth and efficient shift experience in different driving scenarios. The torque performance reaches 400 N. m, ensuring the performance of the vehicle under various driving conditions.

Summarizing the sharing of the owner Autohome, he was full of praise for the exterior design of the Beijing BJ60, especially the rugged style of the five-hole grille and the fashionable design of the headlights, which not only shows the essence of the family tradition, but also gives it a modern personality. The body lines are tough and youthful, and the spare tire small schoolbag highlights its off-road attributes. The owner believes that the BJ60 is not only atmospheric in appearance, but also has excellent performance, taking into account both urban driving and off-road fun, so he chose it without hesitation. Feng Gongzi’s recommendation will undoubtedly give readers a deeper understanding of the Beijing BJ60, and I believe it will be an ideal choice for many car buyers who pursue practicality and individuality.

Global Connection ｜ The deep cooperation between Airbus and China aviation industry chain builds a bridge of China-EU cooperation.

    From design drawings to aircraft parts production and assembly, from flying in the blue sky after aircraft delivery to retirement and recycling … Airbus planes were born in China, witnessing the deep integration of China-EU aviation industry chain.

    Complete the architectural planning and design of the new factory building, build the enclosure guardrail, and promote the power system construction … The preparations for the second production line of Airbus A320 series aircraft in Tianjin are in full swing.

    Since 1985, Airbus has cooperated with China. Now more than 30 years have passed, and the total value of industrial cooperation between Airbus and China has also increased from 34.5 million dollars in 2005 to about 1 billion dollars in 2020. The continuous acceleration of cooperation between Airbus and China also witnessed the deep integration of industrial production between the two sides.

    Today, there are about 200 suppliers in China providing products to Airbus, and all Airbus civil aircraft models have parts made by China. In addition to civil aircraft cooperation, Airbus will also expand its cooperation to the helicopter field.

    More than 30 years of in-depth cooperation has not only made Airbus develop rapidly in China, but also made Airbus full of confidence in the China market.

    Reporter: Li Shuai Henry Hui Wang

    Produced by Audio and Video Department of Xinhua News Agency

    Produced by Xinhua News Agency’s International Communication Integration Platform

Beauty sales are still recovering, but the beauty collection store has been on fire again.

　　There are new players in the offline new beauty collection store.

　　According to IT Orange News, COCOKUMO Coco Maiku, a beauty collection store, recently won tens of millions of angel rounds of strategic investment, which was exclusively invested by Hangzhou Zheheng Industrial Co., Ltd. According to Tianyancha, Coco Kumar is subordinate to Hangzhou Panding Power Technology Co., Ltd., which has been established for less than two and a half years. Coco Kumar has only opened one store in Hangzhou at present, which is located in the street shop of the clothing market.

　　Judging from the live video in Little Red Book, the display of Coco Kumai’s goods is more like a discount sale, lacking the decoration features of "online celebrity punch card" in several beauty collection stores that were popular before. At the same time, Coco Kumai is still looking for franchisees, obviously focusing on the strategy of low price and extensive shop.

　　However, in official website, WeChat WeChat official account and other public channels, Coco Kumar said that there are many international brands such as Chanel Chanel, Dior Dior, La Mer Sea Blue Mystery, SK-II, Armani Armani, etc., and these big brands rarely choose to cooperate with dealers, even if they cooperate, they will strictly control the channels to keep the price under control.

　　At present, many beauty collection stores will purchase goods from the above-mentioned well-known brands to maintain the richness of supply, mainly from overseas counters, department stores, bonded warehouses and other third-party shopping channels. This has led to disputes between beauty collection stores and consumers because of the authenticity of goods.

　　In addition to Cocoa Maiku, Pellet Group, which focuses on incubating and operating online beauty brands, has also begun to expand its business in offline channels. Interface fashion found that Addme, a brand of beauty collection store under Pellet Group, opened a store in Beijing and two stores in Zhengzhou.

　　Source: addme WeChat WeChat official account

　　The brands of online shopping malls are UNNYCLUB Youyi, RNW Ruwei, auou Aiyu and other own brands. Previously, these brands only did marketing and sales online, and the extension of Addme with the brand online is more like a test of water.

　　Different from the lively scene when new beauty collection stores such as Harmay Plum and Haydon Black Hole stood at the investment outlet, the start of these new brands was obviously more cautious and low-key.

　　The epidemic has repeatedly brought a lot of changes to the offline retail format, and some beauty collection stores that used to be entrepreneurial stars have rapidly declined in just one year.

　　The "HAYDON Black Hole", once regarded as the apprentice of HARMAY’s plum blossom, was established at the end of 2020, and soon after it was established, it was obtained from Gao Ling.A round of financing invested by Tencent. The following year, HAYDON Black Hole announced the completion of the $100 million A+ round of financing, with a post-investment valuation of about $1 billion.

　　However, almost all of HAYDON Black Hole’s 20 stores are closed now, except for the flash discount stores located in Wuxi Yueshang Outlets and Guangzhou Zhengjia Guangzhou Plaza. In addition, the official micro-signal of HAYDON black hole,No. and other updates will also stay at the end of 2022, and the online WeChat applet mall will no longer operate.

　　Another brand that has disappeared is ONLY WRITE alone. Starting from the sinking market, the solo writing with the beauty blind box as the drainage means won two rounds of financing in 2021.

　　Nowadays, there are almost no stores that are still operating, and the online social media accounts have already stopped at the end of 2022. It is worth mentioning that Zhou Jianlei, the founder of the independent brand, started his business early, and the Orange Beauty Collection Store is still open. Obviously, its channels have been contracted, and the supply chain resources have been migrated to the more mature Pi batch that was founded earlier.

　　Nowadays, after the difficult year of 2022, the common point of those beauty collection stores that are still strong is to occupy a favorable store location, have a stable supply chain and cooperative brands.

　　For example, HARMAY Huamei represented many overseas minority brands, and after purchasing Kevyn Aucoin, the eponymous brand founded by Hollywood professional makeup artists in the United States, it successively invested in French natural plant skin care brand Graine de Pastel and domestic skin care brand PMPM.

　　Although the number of WOW COLOUR stores has halved in two years, until the beginning of 2022, the number of its stores nationwide is about 130, but WOW COLOUR customs clearance has been strengthened with orange blossom, book by book, Ximuyuan andAnd other domestic brands, consolidated the differentiated characteristics of its domestic makeup, and extensive channel network andAbility is still a bargaining chip when negotiating with new online brands.

　　By the end of 2022, The Colorist, a brand of beauty collection store under KK Group, which is in IPO, has more than 200 stores. according toAccording to a recent report, by the end of 2021, there were nearly 250 stores in China’s beauty trend retail market, ranking third with a market share of 1.3%. Except for the number one brand, which dominates with a market share of 14%, the market share of other beauty retail brands is below 5%.

　　This means that the beauty retail market is still relatively scattered, and new brands have opportunities to come in, but it is not easy to become bigger and stronger.

＂Along the way, there are scenery everywhere.＂

People's Daily Overseas Edition (05th Edition, February 1, 2024)

People’s Daily Overseas Edition (05th Edition, February 1, 2024)

Scenery along the way, story after story, one city with one feature, galloping around the island, exploring the vast sea and sky … As the Spring Festival approaches, a new punching place in Hainan is favored by tourists.

On December 18th, 2023, Hainan Island Tourism Highway was officially opened, which runs through 12 coastal cities and counties, 9 types and 84 sections with different characteristics. There are also 22 headlands, 68 harbors, 216 scenic spots and historical sites, 31 scenic spots and 20 resorts … The Hainan Island Tourism Highway, which is positioned as "National Coast No.1 Scenic Road", connects Hainan’s multi-element and deep-seated nature and nature.

It has been open to traffic for more than one month. What new changes have Hainan Island Tourism Highway brought along the route? The reporter made a visit.

More ways to play

The highway runs parallel to the coast, and more than 30 white giant windmills slowly turn with the wind. In Mulan Bay, Wenchang, Hainan Island Tourism Highway, Zhejiang tourist Xing Xiafei strolled along the beach with his friends, and the shutter sound of his camera kept saying: "The scenery here is so beautiful, and the photos taken are very literary!"

"Come to the tourist highway around the island, these stations must punch in! You can enjoy the beautiful scenery and experience the local characteristics. " After driving around the island for a few days, Xing Xiafei posted the experience of this trip on social platforms, and received praises and comments from many netizens. She said that although time is limited and she can only have a simple look, she has already felt the surprise brought by this road.

Now, various versions of Hainan Island Tour Road Tour Guide are circulating on the Internet. Many citizens and tourists choose to spend their holidays "on the road".

At the campsite of "Yingge Treading Waves" Station in huangliu town, Ledong Li Autonomous County, Hainan Province, tourists are in groups, some enjoying "Yinggehai’s old salt drying skills" and some enjoying the beautiful scenery of Yantian’s "sky". "The name of the station is full of poetry. It incorporates local natural scenery and human characteristics, and it is an attraction in itself!" Yu Xiansheng, a tourist from Beijing, said.

"With the theme of’ Sunrise Peak, Sunset Silver Mountain’ and the sightseeing experience of salt culture, Li culture and fishing culture as the highlights, the’ Yingge Treading the Waves’ station allows visitors to fully enjoy the natural beauty and local Li ethnic customs, and also deeply feel the charm of the non-genetic project of’ Yinggehai old salt drying technology’." Gao Miao, the planning manager of the "Yingge Treading the Waves" station, said.

After the opening of the tourist highway around the island, Gao Miao obviously felt the increase in passenger flow: "The first day of the New Year holiday was busy. We held activities such as free drinking of tea and free trial living in the boat house rooms, hoping to leave a good memory for the self-driving tourists who stopped. "

The other two stations that appeared in the same batch as Yingge Tanlang Station were equally hot. In Danzhou City, Hainan Province, the New Year’s holiday of "Catching Light with Eyes" Station ushered in a small peak of passenger flow. Visitors can not only stay and eat here, but also participate in interesting activities such as picking duck eggs, digging sand worms, feeding snails and weaving fishing nets. With the theme of "volcano", the "Volcano Coast" station connects the surrounding volcano coast geological park, mangrove rock interest, Longmen surf, Lover’s Bay and other viewing platforms in series, attracting many tourists to visit and experience.

"We will continue to improve the service format of the post station, and bring passengers a relaxed, comfortable and fast travel experience through the new mode of’ on the ground, online and on the road’." Huang Xinghai, chairman of Hainan Transportation Investment Holding Co., Ltd. said.

In addition to punching in the characteristic road post station, cycling on the tourist road around the island and camping in RV have also become popular games. In the Danzhou section of the tourist highway around the island, more than 60 motorcycle riders ride freely along the highway, bathing in the sunshine and sea breeze and feeling the charm of the city; At the end of the Changjiang River, tourists in groups of three and five set up awnings along the coast and camp outdoors, which is very pleasant … "Hainan Island Tourism Highway provides tourists with an extremely open and participatory experience, which is an innovative move of Hainan tourism and opens a door for high-quality development of Hainan tourism." Chen Yao, dean of Hainan Tourism Development Research Institute, said.

On January 10th, more than a dozen oil painters from all over the country set out from Haikou City, Hainan Province, and started an 8-day tour of Hainan Island Tourism Highway. In eight days, they completed the sketch tour of Hainan Island Tourism Highway in an RV, and went deep into seven sketch points, covering Mulan Bay, Shanqin Bay, Penang Valley, "Chasing the Light with the Ear" Station, "Singing and Treading on the Waves" Station, "Volcano Coast" Station and farm manor. "Along the way, there are landscapes everywhere, and they are different, and they can all be painted." Wang Lik, former president of Shandong Institute of Art, felt deeply.

One highway, ten thousand customs. In order to let tourists better experience the charm of tourist roads, Hainan has also launched the "Hainan Island Tour Road Self-driving Guide (Version 1.0)" and "Top Ten Wonderful Tours" line products, providing tourists with more theme games such as island humanities, sports and sea-loving, and natural exploration.

Greater opportunity

Hainan’s tourist highway around the island not only brings beautiful scenery, but also brings new opportunities. According to the data, the popularity of go on road trip has been rising recently. Sanya and Haikou rank among the top three in the hot list of self-driving tourist cities on New Year’s Day in China. Car rental orders in the two places increased by more than 50% month-on-month, and nearly 90% of the orders came from foreign tourists.

In Shimei Bay, Wanning, along the tourist highway around the island, visitors can enjoy the natural scenery of the beach and experience sports such as surfing. In the Sun Bay section of Sanya, many new people who tied the knot happily took wedding photos; At the "Volcano Coast" Post Station, Wang Fei, a post-90s boy, opened a tea shop … A road is giving birth to a variety of formats.

"After the opening of the station, we recruited more than 30 employees from surrounding villages and towns." Yan Yongqi, general manager of Hainan Tourism Investment Development Co., Ltd. introduced that after the opening of the "Catch the Light" station, the employment problem of some local villagers was solved. The company also set up an agricultural assistance mechanism according to local conditions, and set up an agricultural product sales exhibition area in the station to help the sales of Danzhou specialty products and agricultural and sideline products, and help villagers increase production and income.

The new atmosphere is not only around the characteristic post station, but the opening of the tourist highway around the island is bringing new changes to the lives of more and more people along the route.

The main line of Lingao section of Hainan Island Tourism Highway starts from Xinying Mangrove National Wetland Park and ends in the southwest of Daotao Village, Chengmai County, with a total length of about 58 kilometers. It connects many tourist attractions, characteristic industrial towns and beautiful countryside along the route. Previously, some villages were close to the sea, and villagers were engaged in offshore fishing. Because of the inconvenient transportation, even if they were adjacent to famous scenic spots, tourists did not know.

Nowadays, the tourist highway around the island has become a road to prosperity, and many tourists are attracted by the fishermen’s customs in the village. "The caught fish is not in demand, and many tourists are waiting to buy seafood at the scene!" Wang Ruoyu, secretary of the Party branch of Changgong Village, Lincheng Town, Lingao County, said, "At present, the village is actively moving closer to the leisure and cultural tourism industry. More than 20 villagers are willing to participate in the development of homestays, and many villagers are building new houses to prepare for homestay and catering business. In addition, the village will also carry out research projects. "

The tourist highway around the island has become a pioneering road. The "Listen to the Wind" B&B run by Chen Maosheng, an entrepreneurial youth in Lingao County and Xincun, is located next to the tourist highway, with a good location and beautiful scenery. The rooms during the Spring Festival have been booked out. "The tourist road around the island has revitalized the tourism resources of the entire western line of Hainan, and now our hotel business is by going up one flight of stairs!" Talking about the future development of B&B, Chen Maosheng is full of confidence.

The tourist highway around the island has become the way home. Wang Jinxia, who works in Haikou, is a villager in Futixi Village, Dongying Town, Lingao County. Her village is a well-known garlic planting village. After the tourist highway around the island was opened to traffic, a foreign enterprise invested in the project of "Wave Small Building Supporting Boat Songs" because of its advantages of being close to the tourist highway. Wang Jinxia returned to the village, found a new job as a store supervisor in the food court, and had a tourist meal at home with the villagers.

"In the future, we will continue to enrich the tourism elements of Binhai International Slow City, promote the transformation and upgrading of fisheries and the transfer of fishermen to other industries, create a unique Lingao highway tourism, and drive people along the line to increase their income and get rich." Wang Kaibo, director of the Tourism, Culture, Radio, Film and Television Sports Bureau of Lingao County, said.

At present, Hainan is actively planning to use the tourist highway around the island to drain water, do a good job in connecting the existing tourism products and resources along the highway, and rely on lighthouses, characteristic fishing villages and beaches along the highway to focus on creating colorful sections of the highway.

More perfect

"I didn’t expect the road around the island to be opened soon, and the infrastructure was so complete." In the parking area of Hongkanling, Qiaotou Town, Chengmai County, Mr. Huang, a tourist, experienced the first fully liquid-cooled super-charging station on the tourist highway around the island. While opening the car charging port, he logged into the "Hainan Charging" WeChat applet with his mobile phone, scanned the code and took the gun, and soon charged the car.

To enjoy the beautiful scenery on the road, a perfect public service package is essential. "There are 70 observation decks and parking areas in the whole line of the tourist highway around the island. At present, 45 observation decks have all been opened to tourists, 21 parking areas have been put into use, and the remaining 4 parking areas are also accelerating construction." Huang Peng, chief engineer of Hainan Provincial Department of Transportation, said that each observation deck has a small parking belt on the roadside for tourists to park temporarily, and some parking areas also have charging parking spaces to replenish new energy vehicles.

"At present, it is still the relatively primary version 1.0 of the tourist highway around the island, and we will continue to upgrade and update it in the future." Huang Peng introduced that in the next step, Hainan will optimize road network coordination, strengthen maintenance management, improve safety and emergency protection, strengthen the linkage between information wisdom and resource development, and deeply promote the "fine decoration" of Hainan’s tourist roads around the island.

Hainan’s tourist highway around the island is characterized by offshore, and a good marine environment is equally important.

"In recent years, Hainan has strengthened the protection and construction of beautiful bays, and the quality of marine ecological environment has continued to improve. In 2023, the water quality in Hainan’s coastal waters was generally excellent." Di Weijie, deputy director of the Department of Ecology and Environment of Hainan Province, said that in order to better protect the beautiful bay, Hainan has coordinated the verification and rectification of sewage outlets into the sea and the prevention and control of mariculture pollution, and has included 1985 sewage outlets into the sea in the supervision list, urging coastal cities and counties to carry out investigation and rectification. At the same time, the mandatory local standard "Aquaculture Tailwater Discharge Standard" will be implemented to further standardize the aquaculture tail water discharge and environmental supervision.

In order to maximize the value of tourist roads around the island, on December 25, 2023, the Interim Measures for the Management of Tourist Roads in Hainan Province was officially promulgated to systematically guide and standardize the development of tourist roads. Hainan will also draw up plans to lead the development of tourism, such as the Industrial Development Plan of Tourism Highway Around the Island Version 2.0, the Development Plan of Kangyang Tourism Industry, and the Tourism Product System Plan of Tropical Rainforest National Park Belt around Hainan.

On January 17th, Hainan Provincial Department of Tourism, Culture, Radio, Film and Sports released the LOGO (logo) of Hainan Island Tourism Highway-"Pearl of the South China Sea" to the world. In LOGO modeling, the combination of waves and roads looks like a crown and a beautiful garland, and the billowing waves seem to hold up a pearl. "We hope to enhance the awareness and recognition of the external image of Hainan Island Tourism Highway through brand identification." According to the relevant person in charge of the Tourism Department of Hainan Province, this year, Hainan will carry out the publicity and promotion of Hainan Island Tourism Highway (version 1.0), hold the theme contest of "Finding Wonderful Four Seasons" and other activities, and strive to "brand" the island tourism highway, coastal attractions and post stations, attract more tourists to the "pearl necklace" of the island tourism highway, and strive to build a "golden signboard" of Hainan International Tourism Consumption Center.

38 c+,waiting for a car like a sauna! When will the parking lot in South Station cool down？

Recently, in the underground parking lot of Beijing South Railway Station, which is at the peak of summer vacation, the hot and dry temperature has also attracted many people’s complaints. They call waiting for the bus like a sauna, "can’t stay".

At 4 o’clock in the afternoon, I just walked to the waiting area of the underground mezzanine network in the west parking lot of Beijing South Railway Station, and a burst of heat waves came. As the rows of pick-up cars pass by, the heat wave makes the surrounding temperature higher. Although, the seven fans hanging on the wall kept blowing the wind. But the temperature is too high, and the wind blowing on your body is also hot. Even so, passengers carrying big bags and small bags are still stuck under the fan. "Whether it is hot or not, it is always better to have wind."

Less than a quarter of an hour later, the people waiting for the bus were already sweating. At this time, the thermometer shows that the temperature in the waiting area has exceeded 38℃.

"Have been waiting for more than ten minutes, master, hurry up! It’s too hot in the parking lot. " In the crowd waiting for the bus, a passenger kept urging the driver of the online car. Hang up the phone, she kept fanning the wind with her hand, muttering, "I’ll remember it for a long time next time, and I’ll have to wait for the bus to arrive before entering the parking lot."

"Waiting for a car is like a sauna, sweating all over." As he spoke, the passenger next to him also took out a paper towel, wiped the sweat from his forehead and said, "I heard that the waiting area of the east parking lot has been equipped with air conditioning, and it is very cool to wait for the bus there." It’s all parking lots. How uneasy is this west side! "

According to the passenger’s instructions, the reporter came to the mezzanine of the East Parking Lot. The "network car air conditioning waiting area" enclosed by transparent glass is very conspicuous. The glass room is cool and comfortable, with rows of seats, and dozens of passengers are waiting for the arrival of the network car.

"The air-conditioned waiting area in the east parking lot was just completed two days ago, and it will be much cooler to wait for the bus inside." A security guard whispered.

The reporter learned from 12345 that many passengers have reported that the waiting environment of the parking lot network is too hot. The staff of Beijing South Railway Station explained that due to the structural problems of the station, there is no condition for installing air conditioners in a large area. The hot weather in summer and the influence of automobile exhaust will bring uncomfortable experiences to passengers. The station is going to install air-conditioned glass waiting rooms in the waiting area of the network car in the east and west parking lots.

Just when leaving the South Railway Station, the reporter found that there was a circle of green enclosure in front of the waiting area of the west parking lot network, which was marked "No entry for non-construction workers". In the enclosure, the workers were busy. According to the workers, an air-conditioning waiting area is being built in the enclosure.

In this regard, the relevant staff of Beijing South Railway Station said that in response to the parking lot problem reflected by the public, relevant measures are being promoted, and the specific situation will be contacted with reporters later. As of press time, no follow-up news has been received.

Source: Beijing Daily Client Reporter: Shi Yue

Process Editor: u060

Copyright statement: The copyright of the text belongs to Jingbao Group, and may not be reproduced or adapted without permission.

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Corporate Governance Department of the General Administration of Financial Supervision： Preventing the disorderly expansion of industrial capital in the financial sector

The Beijing News Shell Financial News (Reporter Huang Xinyu) The Central Financial Work Conference pointed out that the prevention and control of risks should be the eternal theme of financial work, and the focus should be on comprehensively strengthening supervision, preventing and defusing risks, and firmly holding the bottom line of no systemic risks. The Corporate Governance Supervision Department of the State Financial Supervision Administration (the "General Financial Supervision Administration") said in a column on January 9 that it would take strengthening corporate governance supervision as the starting point and show new achievements in "doing a good job in risk isolation between industry and finance" and "preventing and resolving the unique risks of insurance groups".
Official website, the General Administration of Financial Supervision, showed that after the announcement of the "three-set" plan, the main responsibility of the Corporate Governance Division at present is to formulate a corporate governance supervision system; Carry out equity management and corporate governance supervision, undertake off-site monitoring, risk analysis and regulatory evaluation of financial holding companies, insurance groups and other institutions, conduct on-site investigations according to the needs of risk supervision, take regulatory measures, and carry out case risk disposal.
In terms of "doing a good job in risk isolation between industry and finance", the Corporate Governance Department of the General Administration of Financial Supervision put forward that financial holding companies will be urged to strengthen the construction of "firewalls" between financial enterprises and non-financial enterprises, and between financial institutions, adhere to the principle that "managing the law is more important than managing the illegality" and "managing the industry must manage the risks", and strengthen supervision coordination with other financial management departments, industry authorities and local party committees and governments to prevent the disorderly expansion of industrial capital in the financial field.
In terms of "preventing and resolving the unique risks of insurance groups", the Corporate Governance Department of the General Administration of Financial Supervision will also urge insurance groups to strengthen the asset-liability matching management of the main insurance business, avoid blind and radical expansion of the business side, and prevent key business risks such as spread loss and credit insurance. At the same time, on-site assessment of solvency risk management ability of insurance groups is carried out regularly, and capital constraints are effectively strengthened. Strengthen the management orientation focusing on the main business, and strengthen the management of non-insurance subsidiaries and major equity investments. Strengthen the group’s risk management and control, and check the problems through the special audit of risk contagion to prevent internal risk contagion.
In addition, it is noteworthy that in the column, the General Administration of Financial Supervision has made it clear that it will strengthen the institutional supervision of insurance groups and financial holding companies. Study and establish an off-site supervision framework for financial groups with similar or unified rules, and strengthen the qualification requirements for shareholders and directors. Clarify the functional orientation of financial holding companies and strictly manage the access of financial holding companies.
Proofread Liu Baoqing
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＂Changsha Nightlife＂ held a life stream of college students watching movies and moved the audience.


1905 movie network news Produced by, producer, screenwriter and director, starring,,,,, Wu Jun and Luo Gang, the film starring,, and friendship officially landed on the national big screen on April 28th. As the film with the most humanistic characteristics in May 1st this year, Nightlife in Changsha has gained wide resonance with its fireworks narrative, romantic temperament and healing style since its release, and its reputation ranks first among 18 May 1st new films.

A few days ago, "Changsha Nightlife" held a movie-watching activity for college students in Changsha, which was well received. Enthusiastic college students praised the real Changsha nightlife in Zhang Ji’s lens as full of texture, and even said that the unique four groups of characters were very attractive. Zhang Ji, the director, adopted a more life-oriented writing style in the film. Every scene contains small drama entanglements and details, and tells the stories of ordinary people in Changsha, a lively and hot city, with warm and delicate narrative techniques, bearing infinite fireworks and human feelings in "One Night in Changsha".


The real resonance of fireworks in Changsha touched Hunan audience with emotional temperature.

"Nightlife in Changsha" focuses on ordinary and warm people in Changsha, with the taste of the city streets at night as the bottom and the warmth of healing as the overall tone, and interprets the life in Changsha through the perspective of small people and multi-dimensional emotional pattern. Family, friendship and love run through it and blend into the night in Changsha. This is not only a night in Changsha, but also a night spent by every ordinary person in China.

As a native of Hunan, Zhang Ji admits that Nightlife in Changsha is a film dedicated to his hometown. The film also gathered a group of Hunan masters to cheer together to help out. YIN FANG, LAY, Luo Gang and Liao Fan are all authentic Changsha people, while Zhang Jingyi, Wu Jun and Ahu、Yue are all Hunan actors. Zhang Ji, the director, chose Changsha as the background of his first film creation, which came from his own emotional motivation as a Hunan native. In the whole creative process of the film, he also abandoned the traditional creative mode and made the film "a little personalized and regional". In addition, many Changsha dialects in the film have also resonated deeply with Hunan audiences. Director Zhang Ji also said that the language in the film also represents the development of the city. Actors from different regions use different dialects, making Changsha, a vibrant city, more diverse, more open and more inclusive.


Nightlife shows different urban customs and brings new experiences to the national audience.

The film "Nightlife in Changsha" was filmed at night. In addition to the unique night scene of Changsha, the audience was deeply impressed by the beautiful night scene of Xiangjiang River and the vibrant night market culture in the camera, and thanked the director for letting the national audience enjoy this unique "Changsha Wonder".

In order to create this film, Zhang Ji specially arranged a period of time to travel to Changsha to collect wind and immerse himself in the city. When he strolled to liberate the west at 1 am, he was deeply shocked by the enthusiasm and freedom shown by the young people on the road, and he felt the vitality of every ordinary person who loves life and is ready to rush to tomorrow in the night. The crew started at five or six o’clock in the evening every day for 32 nights, and finished at six o’clock in the morning the next day, because the film had to be presented at night. However, through this shooting, all the masters have a new experience of Changsha, and it is the interweaving of night and day in Changsha that produces the unique charm of the city.


The director talked about shooting interesting scenes. LAY Zhang Jingyi gave a performance.

As a special performance of this film, LAY’s performance surprised many audiences, and everyone said that his true colors in Changsha Yazi were too substitutive. LAY plays the talk show actor He An, and the bond between her parents is touching. Director Zhang Ji said at the exchange site that it is the authentic Changsha dialect and talk show scenes in LAY that show the charm of the role 120%.

In addition, many viewers were moved by Xixi (Zhang Jingyi)’ s bravery and frankness, and director Zhang Ji also shared the interesting stories during the filming. When filming the scene of Zhang Jingyi singing in downtown, even though she was recognized by the audience at the scene, she broke her tension. "I feel that this character is like He Xixi, and she seems to leave the city the next day naively, and this unique sneak shot scene is also because" after the barriers between actors and audiences are broken, this kind of life-style film is more unique ".


The first film starring Changsha detonated the soul of Star City Group.

As a film starring Changsha, Nightlife in Changsha won unanimous support from Changsha people as soon as it appeared. Changsha, online celebrity, which was in a terrible fire, finally got its own movie, which ignited the pride of many Changsha people in their hometown.

The film runs through the "feelings of Changsha" from beginning to end, not only the familiar scenes in the streets and lanes, the spicy and delicious Hunan dishes on the table, the blurted Changsha dialect, but also the music of the film is full of Changsha’s unique charm. The opening song "Xiangjiang River Water" is a high-burning explosion field, and LAY rap in Changsha dialect to express the pride of Changsha people; The theme song "Sender Changsha" sung by Bird, Land Rover and Ahu、Yue is like an emotional letter written by Changsha to everyone, full of the warmth and tolerance of this city, which makes many migrant workers cry after listening to it; The propaganda song "Life is too short to have another bowl" sings Changsha’s spiritual temperament and attitude towards life through rice noodles, the most familiar food in Changsha. At the premiere event in Changsha, many old Changsha people couldn’t hide their excitement. They recounted the authentic details of Changsha in the movie, such as the old serving rule of "No fish in the sixth bowl", the sound of the Hunan nursery rhyme "Moon Baba" … Some young people who just arrived in Changsha said that they finally understood "why Changsha is a city with such a strong sense of happiness" after watching the movie, saying that they had "seen the movie". Nightlife in Changsha makes the soul of Changsha Youth League more and more "off the charts". Many Changsha audiences and even Hunan audiences spontaneously went to the short film barrage released by the film to wave flags and shout for Changsha, support their hometown together, and call friends to support their hometown movies.