Financial services don’t close in the new year, humanistic care shows true feelings.

2024年1月18日 | admin | fsdgd
Zhongxin. com Shanxi News, January 10 th At the beginning of the new year, the cold is deep; Farewell, fireworks. On the occasion of the New Year, the financial services of Taiyuan Branch of Shanghai Pudong Development Bank have already taken on a strong "flavor of the year". In order to do a good job in financial services during the New Year’s Day and meet all kinds of financial needs of customers, Taiyuan Branch of Shanghai Pudong Development Bank deployed and played a combination card of financial services in advance, and took various measures to simultaneously carry out warm-hearted services, safeguard people’s livelihood and serve the real economy, create a "warm harbor", unite people’s hearts and strength, and add color to people’s better life.
Welcome the new year and send blessings to create a strong New Year flavor.
In order to create a warm and peaceful New Year atmosphere, effectively enhance the happiness and satisfaction of customers visiting the hall, and show the corporate image of Shanghai Pudong Development Bank Taiyuan Branch, all business outlets of Shanghai Pudong Development Bank Taiyuan Branch decorate window stickers, holiday racks, New Year items, etc. in the hall, which means welcoming guests from all directions and welcoming the New Year together.
The person in charge of the business department of Taiyuan Branch of Shanghai Pudong Development Bank said: "I hope to create a happy and peaceful holiday atmosphere for the general public and friends through little details. At the same time, I will continue to serve customers with full enthusiasm and professional services, and help the general public and friends to celebrate the New Year with financial strength, and provide warm and thoughtful financial services for customers and friends."
Fraud is high, and many measures are taken together.
In order to do a good job in the financial services of business outlets during the New Year’s Day and meet the financial service needs of customers, Taiyuan Nanzhonghuan Street Sub-branch of Shanghai Pudong Development Bank made a response plan in advance, and carried out a solid publicity campaign to prevent online telecom fraud in and out of the hall. In the hall, the bank launched the "Knowledge Salon" special event, focusing on the characteristics of online telecom fraud and guiding the public to identify and prevent it; Use the hall LED display screen, poster, guide desk folding and other ways to publicize and popularize the knowledge about preventing network telecom fraud in an all-round way, and constantly improve the public’s awareness of prevention. Outside the hall, the bank continued to carry out the activities of "financial knowledge into the community, into the business circle and into the enterprise". By holding a series of discussions, distributing leaflets and answering questions with prizes on the spot, the bank put financial safety knowledge into the mind and enhanced the public’s preventive ability.
Taiyuan Qinxian Street Sub-branch of Shanghai Pudong Development Bank and Xiaozhei Sub-branch of Zhongzheng Garden, the community under its jurisdiction, launched a publicity campaign on consumer personal financial information protection knowledge with the theme of "Pay attention to personal information protection" before the New Year. During the activity, the staff of the bank told the real cases related to telecom fraud and the latest means of obtaining personal privacy, and introduced how to identify and avoid traps and the serious consequences of bank cards being rented, lent and sold. And provide risk tips and safety suggestions to help customers better protect personal information and property security.
At the end of the year and the beginning of the year, warm-hearted service shows responsibility.
Shanghai Pudong Development Bank Taiyuan South Central Street Sub-branch organized staff to station in the hall to provide financial knowledge explanation and deposit and loan product introduction services for migrant workers who came to handle business, so as to improve the sense of security and acquisition of returnees; At the same time, relying on the financial service team of the sub-branch, we will continue to do a good job in enterprise docking, gain an in-depth understanding of the financial needs of enterprises in terms of resumption of work and daily operations, give priority to the support of credit funds and the satisfaction of enterprise needs, and fully promote the high-quality development of the real economy.
It is understood that Taiyuan Branch of Shanghai Pudong Development Bank has always adhered to the concept of "new thinking and service", practiced the service tenet of "customer-centered", constantly promoted the innovation of consumer rights protection, persisted in the daily publicity and education of consumer protection, and integrated the promotion of financial knowledge popularization and financial service innovation into every day of daily work.
Taiyuan Branch of Shanghai Pudong Development Bank will continue to do a good job in customer service, think about what customers think and worry about their urgent needs, warm every customer with quality service, and truly practice the corporate mission of "Finance creates value for people’s better life". (End)
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Do a good job of technology and finance’s great article and accelerate the realization of self-reliance and self-improvement in science and technology

2024年1月13日 | admin | we4rteter

　　[Doing Five Great Articles to Promote High-quality Financial Development]

　　Author: Dong Zhi (Vice President of Peking University, Dean of School of Economics)

　　The Central Financial Work Conference held a few days ago put forward that "finance should provide high-quality services for economic and social development" and "do five major articles on technology and finance, green finance, inclusive finance, pension finance and digital finance", which pointed out the direction for China’s financial services to the real economy. As the first of the "Five Great Articles", doing a good job in technology and finance’s great article not only shows that the Party and the country attach great importance to scientific and technological innovation, but also shows that science and technology, as the primary productive force, plays an important role in economic and social development, and it also shows that technology and finance plays an important role in promoting high-level scientific and technological self-reliance.

　　1 fully understand the significance of doing a good job in technology and finance’s great articles.

　　Technology and finance refers to a series of financial activities of scientific and technological innovation in financial services and the development of scientific and technological enterprises. It is the product of deep integration of scientific and technological innovation and financial innovation, involving financial system, financial policy, financial model, financial products and other aspects. Doing a good job in technology and finance’s great article is an inherent requirement for China to enter a new stage of development, implement new development concepts, and build a new development pattern. It is also the need for finance to achieve high-quality development and achieve the goal of becoming a financial power.

　　Lay a solid foundation for realizing a strong country through science and technology. Innovation is the first driving force to lead development, and finance is the blood of the development of the real economy. On the one hand, technology and finance has expanded the financing channels of scientific and technological innovative enterprises, reduced the risk of financial exclusion of scientific and technological innovative enterprises, and effectively improved their scientific and technological innovation capabilities. Flexible and diversified financing methods are particularly obvious in supporting long-term and difficult scientific and technological innovation; On the other hand, technology and finance can provide innovative financing incentives for enterprises, cultivate their innovative consciousness in the field of actual production and service, promote the transformation of old and new kinetic energy, optimize the structure of the real economy and improve the overall economic benefits.

　　Inject strong impetus into building a financial power. The development of technology and finance can promote the formation of the innovation ecosystem of the real economy and the financial industry at the same time, which not only provides a more favorable environment for scientific and technological innovation, but also provides a platform for orderly competition in the financial industry. Through diversified financing methods, technology and finance provides full-chain, full-life financial services for science and technology enterprises, which not only promotes scientific and technological enterprises to carry out R&D innovation activities and transform scientific and technological achievements, but also reduces the tendency of funds to be divorced from reality. In addition, the development of technology and finance has also built a platform for financial institutions to achieve innovative competitive development. Excellent technology and finance institutions should be able to quickly and effectively identify science and technology-based enterprises with technology transformation capability and market potential, and also provide multi-level services in finance, operation, R&D and even industrial chain integration.

　　Provide a strong guarantee for independent development. At present, the world’s great changes in the past century have accelerated its evolution, a new round of scientific and technological revolution and industrial transformation has developed in depth, and the international power has been profoundly adjusted. Major countries have regarded scientific and technological innovation as the main battlefield of the international strategic game, and the competition around the commanding heights of scientific and technological innovation has been unprecedentedly fierce. China’s development has also entered a period in which strategic opportunities and risk challenges coexist and uncertain and unpredictable factors increase. The sound development of technology and finance can effectively help independent research and development, ensure the stability and security of China’s industrial chain and supply chain, accelerate the deployment of innovation chain around the industrial chain, and escort the self-reliance and self-improvement of science and technology.

　　2 The current development trend of technology and finance in China

　　In recent years, China’s high-tech industry has developed vigorously. By the end of the third quarter of 2023, China had cultivated 103,000 specialized and innovative small and medium-sized enterprises, and 178 national high-tech industrial development zones achieved a total industrial output value of 23.5 trillion yuan. The proportion of high-tech industries has been expanding, and high-tech manufacturing has accounted for 15.3% of the added value of industrial enterprises above designated size. How to use financial services to boost the development of high-tech industries and optimize the national economic structure has become a key issue that macro-economy must answer to achieve high-quality development. In this context, China attaches great importance to the construction of technology and finance system, actively promotes the deep integration of finance and science and technology, and gives full play to the synergistic role of market and government in the development of technology and finance. It has not only initially established a diversified service system in technology and finance, including venture capital, stock market, bond market and bank credit, but also formed a market-oriented support system represented by government-guided funds to promote the development of technology and finance. technology and finance’s development has achieved remarkable results.

　　By the end of June 2023, the management scale of venture capital and private equity investment funds in China was nearly 14 trillion yuan, and hard technology enterprises became the hot target of equity investment. Science and technology innovation board injected a strong impetus into the development of science and technology enterprises, successfully promoted more than 500 enterprises to realize IPO, and raised nearly one trillion yuan; Beijing Stock Exchange strives to promote the formation of a full-chain service system to support the innovation and development of small and medium-sized enterprises, and has become the main position to build innovative small and medium-sized enterprises with services. Among them, more than 80 enterprises have been selected into the national list of "Little Giant" enterprises with specialization and innovation, and over 80% of the companies have been selected into the list of provincial and municipal enterprises with specialization and innovation. In addition to equity financing, technology and finance’s related debt financing has also increased significantly, with the balance of Kechuang bills and Kechuang corporate bonds of about 450 billion yuan, and the balance of medium and long-term loans for high-tech manufacturing, loans for small and medium-sized science and technology enterprises and loans for "specialized and innovative" enterprises of 2.5 trillion yuan, 2.36 trillion yuan and 2.72 trillion yuan respectively, maintaining a growth rate of over 20% for many years. In addition, in order to effectively solve the information asymmetry between science and technology enterprises and financial institutions and the financing difficulties of science and technology enterprises, since 2020, the Torch Center of the Ministry of Science and Technology has launched an enterprise innovation point system to "portrait" the innovation ability of enterprises through the form of innovation points, identify and discover science and technology enterprises with strong innovation ability and great growth potential, and encourage financial institutions to provide credit support in combination with scientific and technological innovation evaluation.Guide local governments to open up direct channels for fiscal, taxation, science and education, industry, finance and other policy resources to support enterprise innovation.

　　With the rapid ecological progress in technology and finance, China, the government-guided fund has played an important role in promoting scientific and technological innovation and promoting the structural reform of the financial supply side. By the third quarter of 2023, governments at all levels had set up 1,557 government guidance funds, with a management scale of nearly 3 trillion yuan. The investment field focused on cutting-edge technology, of which funds led by strategic emerging industries accounted for 50%, which played an increasingly prominent role in promoting scientific and technological progress and promoting regional development.

　　3 to cope with the challenges facing the development of technology and finance.

　　To do a good job of technology and finance’s great article needs to be rooted in the national conditions. We should not only understand the inherent characteristics of finance, but also grasp the development law of scientific and technological innovation, and rationally treat the difficulties and challenges faced by technology and finance in its development process.

　　First of all, based on the current situation of China’s financial development, we must explore the road of high-quality development in technology and finance by promoting the mutual complement of direct financing and indirect financing, and uniting multi-channels to support scientific and technological innovation. China’s financing structure has been dominated by indirect financing for a long time, and credit assets account for more than half of the total financial assets. However, scientific and technological innovation, especially some frontier scientific and technological innovation projects, often involve a lot of investment, a long period of time and high risks, and there is great uncertainty in research and development results, so it is difficult for indirect financing to meet the demands of scientific and technological innovation enterprises for capital and financial risk management at the same time. Indirect financing takes creditors’ fixed interest income as economic incentive, and lacks innovative benefit sharing mechanism, and financial institutions providing indirect financial services also lack the motivation to share innovative risks. The intrinsic value of science and technology enterprises is more reflected in the intangible assets formed by innovation, such as technological advantages, patents, intellectual property rights, etc. It is more difficult to evaluate their assets, and they often do not have the conditions to obtain financing through mortgage loans of tangible assets. However, the financing demand for technology transformation is expanding rapidly, which will lead enterprises to face the problems of financing difficulties, expensive financing and slow financing.

　　Secondly, the development of technology and finance not only needs financial institutions to closely contact professional scientific research institutions, but also needs the government to fill the weak links in the system from the aspects of rule of law, finance and taxation, scientific research, credit and talents, and improve the support and guarantee for the development of technology and finance. Financial services must weigh the benefits and risks, but technological innovation itself has great risks. Scientific and technological innovation not only faces a long innovation chain and transformation chain, but also faces the increasing change of science and technology, and the innovation results may be born behind. Moreover, the complexity of scientific and technological innovation leads to the prominent problem of information asymmetry between science and technology-based enterprises and financial institutions. It is often difficult for financial institutions and even government departments to effectively assess the technological risks of science and technology-based enterprises, and it is easy to cause institutional arbitrage due to information asymmetry, which ultimately affects the accuracy of technology and finance’s services.

　　Finally, the development of technology and finance urgently needs to strengthen the overall planning and policy coordination, and the relevant regulatory authorities need to rationally and objectively look at and steadily promote the development of technology and finance. First, in recent years, the state has issued a series of policies to support scientific and technological innovation and the development of technology and finance, but the policy support system is not accurate enough, which leads to difficulties in policy implementation, which not only increases the burden of government expenditure, but also distorts reasonable innovation incentives. Second, when large-scale scientific and technological innovation enterprises become the service targets of the financial industry, the inherent R&D risks of scientific and technological innovation will also be transformed into financial risks. At the moment when the development trend of interdisciplinary and cross-border infiltration is more obvious, the scientific research organization model of division and governance cannot be rapidly transformed, which will also increase the backward risks of related scientific and technological innovations.

　　4 Identify the path of action to promote the development of technology and finance.

　　To effectively guide the financial industry to serve China’s scientific and technological innovation, we should not only co-ordinate the overall situation at home and abroad, make full use of the domestic and international markets and resources, but also co-ordinate the two major events of development and security, prevent the risks brought by technology and finance while promoting the high-quality development of technology and finance, and effectively identify the right path of action.

　　First, improve relevant institutional mechanisms and establish a diversified technology and finance system. A perfect multi-level capital market is the market foundation for technology and finance’s high-quality development. We should further improve the listing and trading systems of GEM, science and technology innovation board and Beijiao Stock Exchange, as well as the listing and trading systems of the New Third Board and regional equity markets, so as to provide more financing channels for scientific and technological innovation enterprises. Guide and support all kinds of financial institutions to carry out technology and finance services, encourage financial institutions to innovate financial products and services, guide and support equity investment institutions to carry out scientific and technological investment business, meet the financing needs of different types of scientific and technological innovation at different stages, and provide more financial support for scientific and technological innovation enterprises. The government should increase the research and investment in scientific and technological innovation, keep up with the cutting-edge scientific and technological direction, and work with the market to screen out scientific and technological innovation tracks with technical and market potential. Increase the input of government guidance fund in a timely manner to improve its guidance effect and leverage. The healthy development of government-guided funds can not be separated from a perfect exit mechanism. We should design a reasonable income distribution scheme on the basis of improving investment decision-making ability to ensure that government-guided funds can achieve their own sustainable development while supporting scientific and technological innovation and industrial upgrading.

　　Second, promote the deep integration of technological innovation and financial innovation, and realize the coordinated development of technology and finance. On the one hand, adapt to the financial needs of technological innovation and promote technological innovation with financial innovation. The financial system should provide all-round financial services for technological innovation, encourage traditional financial institutions to innovate financial products and services, and support financial institutions to cooperate with technological innovation enterprises to jointly develop innovative financial products and services. On the other hand, accelerate the financial sector to embrace cutting-edge technology and empower financial services with technological innovation. Financial institutions accelerate digital transformation and adopt advanced scientific and technological means, which can improve the efficiency of financial services and provide broader development space for scientific and technological innovation, and use financial and technological means such as data credit enhancement, corporate portrait and technical patent evaluation to broaden financing channels for scientific and technological enterprises.

　　Third, enhance the support and guarantee capacity of technology and finance’s policies and improve the supporting system of technology and finance’s development. In terms of basic guarantee, the foundation of technology and finance’s high-quality development lies in the continuous improvement of relevant supporting infrastructure systems, including technology and finance information platform, science and technology patent database and technology and finance service platform, so as to provide necessary technical support and infrastructure guarantee for the development of technology and finance. Among them, the construction of technology and finance-related credit information system is the key. We should focus on establishing a perfect credit system in technology and finance, including the credit information publicity system of scientific and technological enterprises and the basic database of personal credit information, actively promote the sharing of credit information among financial institutions, credit reporting agencies and public institutions, break down the information barriers, and jointly provide more comprehensive and accurate credit information support for technology and finance. The government pays attention to providing a series of support policies, such as financial support, tax incentives and credit support, to increase the training and introduction of talents in technology and finance.

　　Fourth, improve the level of risk management and supervision in technology and finance to ensure the healthy and sustainable development of technology and finance. First, strengthen the risk management capabilities of financial institutions. Financial institutions should not only adapt to the development trend of technology and finance, clarify the risk management objectives and strategies, strengthen risk identification, evaluation and control, and ensure that the business risks in technology and finance can be controlled, but also strengthen the monitoring and early warning of the business in technology and finance, so as to find and deal with potential risks in time and prevent the risk from spreading and spreading while accelerating the construction of the risk firewall system. Actively promote the application of scientific and technological innovation in risk management, empower the development of technology and finance with financial scientific and technological innovation, and improve the efficiency and accuracy of risk management. Secondly, increase support for science and technology insurance and guarantee, encourage and support insurance companies and guarantee institutions to carry out science and technology insurance and guarantee business, and provide risk protection for science and technology innovation enterprises. Finally, constantly improve the supervision system in technology and finance, establish supervision rules and standards suitable for the development of technology and finance, ensure the effectiveness and fairness of supervision, coordinate development and safety, and form a joint force of government guidance, market operation and social participation to jointly promote the healthy and sustainable development of technology and finance.

　　Guangming Daily (11th edition, December 19th, 2023)

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＂Striving for a New Journey and Building a New Era＂ The financial industry is moving towards high-quality development

2024年1月11日 | admin | we4rteter
Source: Economic Daily
Since the 18th National Congress of the Communist Party of China, China’s financial reform and development has made great achievements, the financial industry has maintained rapid development, the structural reform of the financial supply side has been deepened, and the comprehensive strength of the financial industry has been further enhanced. At present, China has formed a comprehensive and competitive financial institution system covering banking, securities, insurance, funds, futures and other fields, and basically established a modern financial market system suitable for Socialism with Chinese characteristics.
The modern financial system has been basically completed.
At the end of 2021, the total assets of China’s financial institutions were 381.95 trillion yuan, of which the total assets of banking institutions were 344.76 trillion yuan; The total assets of securities institutions are 12.3 trillion yuan; The total assets of insurance institutions are 24.89 trillion yuan. At the end of 2011 ten years ago, the total assets of China’s banking institutions were only 113.3 trillion yuan.
With the development of high-quality economy, China’s financial market has become more mature, and a financial market system with complementary functions, multi-level trading venues and diversified trading products has been gradually established, and the ability to allocate resources and serve the real economy has been continuously enhanced.
At present, China has basically established a financial service system aimed at serving the real economy and benefiting the people. China’s financial services are constantly enriched, and the convenience and inclusiveness of basic financial services such as deposit and loan, payment and settlement, wealth management and investment, and information inquiry are at the forefront of the world. The registration, custody, clearing, settlement, credit reporting and rating systems of the financial market are basically sound, and the financial infrastructure is constantly improving.
China’s multi-level, wide-coverage and differentiated financial system has initially taken shape. The variety of financial institutions is complete and the competition is full. The continuous innovation and development of capital market, insurance market, money market and foreign exchange market has become an important foundation for the coexistence and common prosperity of finance and the real economy. In recent years, the capital market has been comprehensively deepened, and the reform of the stock market registration system has made a breakthrough. Small and medium-sized boards, Growth Enterprise Market and New Third Board have been established successively. In June 2019, the Shanghai Stock Exchange launched the science and technology innovation board to explore the reform of the stock market registration system. In November 2021, the Beijing Stock Exchange opened, the construction of multi-level capital market was more perfect, and the construction of market basic system was continuously strengthened.
At the same time, the bond market has developed rapidly and its scale has steadily increased, playing an increasingly important role in the asset allocation of international investors. In recent years, the scale of China’s stock market and bond market has steadily increased, ranking second in the world. In 2021, China’s bond market issued a total of 61.9 trillion yuan of bonds, an increase of 8% over the previous year. By the end of 2021, the annual turnover of Shanghai and Shenzhen stock markets reached 258.0 trillion yuan, and the balance of bond market custody reached 133.5 trillion yuan.
The quality and efficiency of financial services have been comprehensively improved.
Since the 18th National Congress of the Communist Party of China, the financial industry has insisted on returning to its original source, comprehensively improved the quality and efficiency of serving the real economy, and allocated more financial resources to key areas and weak links of economic and social development such as small and micro enterprises, "agriculture, rural areas and farmers", emerging industries, and environmental protection, so as to meet the reasonable and effective financing needs of market participants and promote the transformation and adjustment of the national economy and a virtuous cycle of development. Dong Ximiao, chief researcher of Zhaolian Finance, said that in recent years, the scale of the financial industry has grown rapidly, financial technology has flourished, innovations in financial products and services have emerged one after another, and the ability of financial services to the real economy has improved.
At present, China’s basic financial services have basically achieved full coverage. By the end of 2020, the coverage rate of banking outlets in towns and villages nationwide reached 97.13%, and the coverage rate of village-level administrative districts with payment services reached 99.31%, basically realizing that there are institutions in towns and villages, services in every village and accounts in every family. At present, serious illness insurance has covered 1.22 billion urban and rural residents, and agricultural insurance has provided 4.7 trillion yuan of risk protection for 180 million households. The efficiency and level of economic and social development of financial services have been steadily improved. The financial system runs the new development concept through the whole process of financial reform and development, and comprehensively serves the high-quality development of the economy and society.
The financial services of private enterprises and small and micro enterprises continued to improve. Since the 18th National Congress of the Communist Party of China, the financial industry has adhered to the concept of shared development, built a characteristic inclusive financial system, and strived to improve the coverage, availability and satisfaction of financial services. The financing of private enterprises and small and medium-sized enterprises presents a good trend of "increasing in quantity, expanding in area and decreasing in price". At the end of January 2022, the balance of Pratt & Whitney small and micro loans was 19.7 trillion yuan, a year-on-year increase of 25.8%; The number of micro-credit households in Pratt & Whitney increased to 48.13 million, a year-on-year increase of 45.5%. In 2021, the average interest rate of new loans for small and micro enterprises was 4.93%, which was 22 basis points lower than the annual level in 2020.
As the blood in the economic operation system, the financial industry has become an important support and powerful guarantee for tackling poverty. Since the beginning of the fight against poverty, 9.2 trillion yuan of financial precision poverty alleviation loans have been issued, more than 710 billion yuan of poverty alleviation micro-credit has been issued, and 668.8 billion yuan of poverty alleviation re-loans have been issued.
Adhere to the concept of green development and gradually improve the green financial system. At the end of 2021, the balance of local and foreign currency green loans was 15.9 trillion yuan, up 33% year-on-year, 12.7 percentage points higher than the end of last year, 21.7 percentage points higher than the growth rate of various loans, and the annual increase was 3.86 trillion yuan, ranking first in the world in terms of stock scale.
Opening to the outside world has entered a new stage.
Since the 18th National Congress of the Communist Party of China, the financial industry has entered a new stage of opening to the outside world, and basically established a management system of national treatment plus negative list before foreign investment access, treating domestic and foreign investors equally, greatly expanding the financial industry’s opening to the outside world, and accelerating the formation of a two-way open financial system. Chen Yulu, deputy governor of the People’s Bank of China, said that in recent years, China’s financial industry has made breakthrough progress. The People’s Bank of China, together with other financial supervision departments, announced more than 50 measures for opening to the outside world, and the degree of two-way opening of financial markets has been continuously improved, making important efforts to realize China’s high-level opening and maintain an open world economic system.
In recent years, the pace of China’s financial industry opening to the outside world has obviously accelerated, and a number of opening-up measures have quickly landed. The restrictions on the proportion of foreign ownership in banking, securities, fund management, futures and personal insurance were completely abolished, and the scope of exhibition industry was greatly relaxed; Foreign nationals have been given national treatment in the fields of enterprise credit investigation, credit rating, payment and settlement; The two-way opening of the capital market continues to expand, and the supporting systems such as accounting, taxation and trading are gradually in line with international standards.
Foreign financial institutions actively and orderly entered the China market, showing a situation of "a hundred flowers blossom". According to statistics, since 2018, China has approved foreign capital to set up more than 100 banks and insurance institutions, 12 foreign-controlled (including wholly-owned) securities, fund management and futures companies, and 6 credit investigation, rating, payment and clearing institutions for foreign-funded enterprises. By the first half of 2021, foreign banks had set up 41 foreign-funded corporate banks, 115 branches and 139 representative offices in China, with a total of 930 business institutions and total assets of 3.73 trillion yuan. Overseas insurance institutions have set up 66 foreign-funded insurance institutions, 85 representative offices and 17 insurance professional intermediaries in China.
The opening of financial markets is conducive to China’s high-quality economic growth, and it is also conducive to global investors to share the fruits of China’s economic development. In recent years, China has continuously promoted the opening of the bond market, stock market and financial derivatives market in accordance with international standards, expanded cross-border investment and financing channels, and improved relevant institutional arrangements. In 2020, the quota restrictions for Qualified Foreign Institutional Investors (QFII) and RMB Qualified Foreign Institutional Investors (RQFII) will be completely abolished. In 2014 and 2016, Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect were opened one after another. In 2019, Huluntong was officially launched, and in 2021, the pilot of cross-border wealth management was launched. The investment channels of domestic and foreign investors are constantly expanding.
In September 2019, A shares were officially included in the S&P Emerging Markets Global Benchmark Index, indicating that all three international indexes have included A shares. In October, 2021, after FTSE Russell officially included China government bonds in FTSE government bond index, China government bonds were also successfully included in the three major bond indexes in the world.
With China’s opening up to the outside world entering a new stage, foreign-funded institutions have full confidence in RMB assets and strong allocation, and the demand for RMB assets has increased significantly. According to the official foreign exchange reserve currency composition (COFER) data released by the International Monetary Fund recently, in the fourth quarter of 2021, the proportion of RMB in COFER rose again, setting a new high since the fourth quarter of 2016. The proportion of RMB in global foreign exchange reserves rose from 2.66% in the third quarter of last year to 2.79%, ranking fifth in the world. (Economic Daily reporter Chen Guojing Yu Yong Peng Jiang)
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Yunpu Guocha Co., Ltd. put into production the intensive processing project of organic tea with an annual output of 2,000 tons.

2024年1月9日 | admin | we4rteter

On the morning of January 6th, the commissioning ceremony of Yunnan Pu ‘er State-owned Organic Tea Co., Ltd. was held. Wang Gang, Deputy Secretary of Pu ‘er Municipal Committee and Mayor, Chen Yunzhong, Deputy Secretary, Vice Chairman and General Manager of Yunnan Yunken Group, attended the ceremony and delivered speeches. Ren Yuanzheng, Deputy Secretary of the Municipal Committee and Minister of Propaganda Department of the Municipal Committee, presided over the ceremony.

In his speech, Wang Gang, on behalf of the Municipal Party Committee and the Municipal Government, expressed warm congratulations on the project’s commissioning and heartfelt thanks to Yunnan Agricultural Reclamation Group, which has long supported the development of Pu ‘er. He said that the Pu ‘er Municipal Party Committee and the Municipal Government have always attached great importance to the development of the tea industry, promoted the organic tea industry base, standardization of processing, enterprise intensification and market branding, promoted the integration of tea and tourism, and realized the integrated development of the whole industry chain. The tea industry in the whole city has shown a sustained and good development momentum and has become the largest organic tea production base in China. The cooperation between Pu ‘er and Yunnan Agricultural Reclamation Group has a long history, and the two sides have jointly met many challenges, shared many opportunities and achieved many win-win results. We sincerely hope that Yunpu Guocha Co., Ltd. will help Pu ‘er to upgrade the tea industry, develop tea technology and revitalize tea culture from the completion and commissioning of this project, and strive to become an industry leader, standard setter and resource integrator of Pu ‘er organic tea industry, better integrate into the "100 billion-level cloud tea industry" and promote the high-quality development of Pu ‘er tea industry.

In his speech, Chen Yunzhong said that Pu ‘er is famous for its tea, prospering the city with tea and enriching the city with tea, and the tea industry has become the first pillar industry for economic development, farmers’ income increase and rural revitalization in Pu ‘er. Yunnan Agricultural Reclamation Group adheres to the mission of "green agriculture, serving the country and benefiting the people", practices the responsibility of "land reclamation and win-win development", bases itself on Pu ‘er, deeply cultivates Pu ‘er and develops its industry. We will always focus on the "3815" strategic development goal of the provincial party committee, focus on the intensive processing project with an annual output of 2,000 tons of organic tea, promote the green and organic development of the tea industry, promote the integrated development of the primary, secondary and tertiary industries, synchronize the ecology with the industry, make cooperation and development at the same frequency, realize "developing one industry, driving one side’s economy and enriching one side’s people", and make a land reclamation to promote Yunnan’s transformation from a "big tea province" to a "strong tea province".

According to reports, on August 17, 2020, the Pu ‘er Municipal People’s Government and Yunnan Agricultural Reclamation Group signed the "Pu ‘er Organic Tea Industry Cooperation Agreement", and the two parties jointly established Yunnan Pu ‘er State-owned Organic Tea Industry Co., Ltd. Since its establishment, the company has relied on the advantages of organic tea resources in Pu ‘er City, in accordance with the development model of "big industry+new subject+new platform", in order to grasp the organic, create famous brands, raise leading players, occupy the market, build platforms and achieve both production and finance.

At the ceremony, Yunpu Guocha Co., Ltd. signed a sales agreement with Zhejiang Cangsheng Technology Group Co., Ltd. and other enterprises, and signed 26 raw material procurement contracts with major tea producing areas in Pu ‘er City. The leaders and guests attending the meeting visited the site of deep processing and production of organic tea.

Hu Guoyun, Tian Yang, Chen Qi, heads of relevant departments directly under Pu ‘er Municipality and Simao District, relevant leaders of Yunnan Agricultural Reclamation Group and heads of departments and enterprises attended the commissioning ceremony.

Author Zangling Liang Ruiqin

Editing Cao Qihan

Supervisor Hu Xueying

Original title: Yunnan Puguo Tea Co., Ltd. put into production the intensive processing project of organic tea with an annual output of 2,000 tons.

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New Year’s Day holiday ushered in a good start! Beijing municipal parks received 217,900 visitors yesterday.

2024年1月7日 | admin | we4rteter
According to the Beijing Park Management Center, on the first day of the New Year holiday, 11 parks and China Garden Museum in Beijing, such as the Summer Palace, Temple of Heaven and Beihai, got off to a good start. Yesterday, they received a total of 217,900 tourists, an increase of 88.01% year-on-year and an increase of 21.26% compared with 2019. The top three are the Summer Palace with 52,000 people, the Temple of Heaven with 50,800 people and the zoo with 21,300 people.
The 10th "Happy Ice-Snow Fitness" Famous Garden Ice-Snow Garden Party added fun to the public and attracted many tourists. In the Summer Palace, Beihai, Taoranting, Zizhuyuan and yuyuantan park, ice and snow activities are hot, tourists are enthusiastic, people skating and playing with snow are bustling, and there is a lively scene. As of 1 pm yesterday, five parks and ice rinks had received more than 10,000 tourists.
In Zizhuyuan Park, the most attractive ice and snow entertainment projects are the Snow Mountain Slide and the Ice Slide. There are 18 snow trails on the Snow Mountain Slide. Visitors can sit on the snow circle and roar down from the top of the slide, sliding for tens of meters and experiencing the excitement of flying on the snow. The large-scale ice slide extended to 70 meters is the "king of popularity" during the ice and snow season, and it flies down the ice track. This kind of fast feeling makes people shout: "exciting, fun!"
In yuyuantan park Sakura West Lake, the 15th Ice and Snow Season is being held. Citizen tourists, friends from three to five, or the whole family travel together, experience the flying saucer with speed and passion, take a cherry blossom-watching train "bound for spring" and feel a small snow tank "braving the wind and waves". Citizen tourists enjoy a happy time in the world of ice and snow.
"It’s great to experience the fun of skating in a classical garden like Beihai!" A tourist said happily. Beihai Park is rich in ice cultural activities this year. In order to better inherit the spirit of the Winter Olympics, carry forward the concept of the Winter Olympics and promote ice activities, the park specially hired Zhang Hao, the world champion of figure skating, as the promoter of ice cultural activities in Beihai Park. On New Year’s Day, the figure skating team he coached will bring a world-class figure skating performance at the Lotus Lake Ice rink in Beihai Park, so that citizens and tourists can feel the charm of skating.
The 10th Ice Fitness Activity of the Summer Palace attracted many citizens and tourists to the park. On the ice surface of Kunming Lake, the tracks of bicycles and ice carts on the ice are intertwined. A classmate from Sanya said, "The Summer Palace ice rink is really big. Many northerners go to Hainan for the winter. We use the New Year holiday to feel the happiness of ice and snow in the north, and the beautiful scenery of the garden photographed from the ice is even better. " Yesterday, it was Li Qian, a tourist, who took two children to the ice for the second time. "The ice experience is so good. Today, I specially invited my children’s classmates to watch the photo exhibition of Winter Olympics and experience the charm of ice and snow sports."
Taoranting Park Ice and Snow Carnival is full of tourists, and many families have come here to experience ice and snow amusement projects. Children, accompanied by their parents, experience amusement projects such as snow flying saucer and snow machinery park, and play in the ice maze. Big friends feel the joy of speed on the ice slide of the castle. "Come and see! The little penguin ran out! " The Penguin Parade in the Park attracted public tourists to watch. In the music, four Papua penguins ran out with little wings, followed by two king penguins, and the little penguin’s naive appearance made the tourists laugh endlessly.
It is understood that in addition to the ice and snow garden party, Beijing municipal parks and China Garden Museum will also hold a wealth of cultural activities and flower exhibitions, which will deeply integrate the four categories and 29 activities of "the beauty of gardens, the fragrance of flowers and plants, the spring of overture and the joy of ice and snow" with traditional festivals to create a happy, auspicious, warm and smooth holiday garden atmosphere to welcome the arrival of the New Year.
Source: Beijing release
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New Year’s Day holiday consumption is hot, and the market is booming.

2024年1月4日 | admin | rsetgedr

　　CCTV News (news broadcast): With the arrival of the New Year’s holiday, there is sufficient supply of goods in various markets, stable price operation and strong consumer demand.

　　On the first day of New Year’s Day holiday, traditional Chinese New Year’s goods such as flaming lanterns, cartoon ornaments of the Year of the Dragon and red Chinese knots were put on the shelves in Nanchang, Jiangxi Province, and the festive atmosphere attracted the public to buy them.

　　The flower market in Qian ‘an, Hebei Province has also ushered in the peak season of sales. Colorful Phalaenopsis and flaming azaleas decorate the holiday market.

　　Now is the season when a large number of citrus fruits are on the market. Regardless of the southern and northern markets, raked oranges, tangerines and sugar oranges have become consumers’ favorite.

　　During the festival, local commercial departments also strengthened the market monitoring of daily necessities, smoothed the circulation links, and ensured the sufficient supply of various daily necessities. In Jiangsu, leading enterprises in circulation actively connect with the "vegetable basket" production base; In Anhui, launch a new round of "Huimin Vegetable Basket" fair-price sales activities; In Hubei, key commercial outlets extend their business hours to meet the consumption needs of residents during the holiday season.

　　According to the data of the market operation monitoring system of the Ministry of Commerce, recently, the inventory of daily necessities in wholesale markets and supermarkets has increased in different degrees. Due to the influence of low temperature, rain, snow and freezing in the north, the price of vegetables in the region has increased, the price of eggs has dropped slightly, and the prices of other varieties are generally stable.

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A number of movies announced： Fixed files! Pre-sale 300 million yuan in 5 days! What blockbuster is so hot？

2024年1月1日 | admin | we4rteter
This article is transferred from [CCTV Finance];
Nowadays, during the Spring Festival, there are more and more cultural life choices. Watching a favorite movie is a good choice. Many people say that during the Chinese New Year, when a family watches a movie together and enjoys an audio-visual feast, they will feel very happy and have a sense of New Year’s ceremony.
According to the data of Cat’s Eye Professional Edition, as of 13: 52 on January 22, the total box office of pre-sales of new films for the Spring Festival in 2023 exceeded 1 billion. Wandering Earth 2, Manjianghong and Unknown ranked the top three in the pre-sale box office list.
Various types of films gather to meet the needs of "family fun"
As the first important movie schedule after the adjustment of epidemic prevention and control policy, this year’s Spring Festival movie schedule has attracted much attention, and many movies have been announced to provide audiences with diversified viewing options.
After the pre-sale of the Spring Festival movies in 2023, it took only five days, and the total box office of the pre-sale exceeded 300 million yuan.Seven films, including Man Jianghong, Wandering Earth 2, Unknown, China Ping-Pong’s Jedi Strike Back, Exchange of Life, Deep Sea, Bear with Me, will meet the audience one after another during the Spring Festival, covering suspense, comedy, science fiction, animation, sports, history and other themes and creative types, and will gather many excellent directors and powerful actors.
Fu Ruoqing, Party Secretary of China Film Group CorporationMake good use of the film supply in the Spring Festival schedule to enhance the enthusiasm for watching movies, thus driving the recovery of the habit of watching movies. Therefore, when planning the films for this year’s Spring Festival, we are very concerned about the richness of the films we provide and the difference of their corresponding categories, so as to meet the different needs of the market.
While satisfying the audience’s demand for "family fun" with content suitable for all ages, the cinema has also taken many measures to stimulate the enthusiasm for watching movies. Statistics show that the average ticket price for the pre-sale of Spring Festival stalls in 2023 is 53.8 yuan, which is lower than the average ticket price of 56.2 yuan for the pre-sale of Spring Festival stalls in 2022 in 2.4 yuan.
Domestic films exert their feelings for home and country and ignite their enthusiasm for watching movies.
Director Zhang Yimou’s work "Man Jiang Hong" is scheduled to be released on the first day of New Year’s Day. The film is narrated in the corresponding historical background and tells a story of Shaoxing in the Southern Song Dynasty in the way of "suspense+comedy".
Zhang Yimou, director of "Man Jiang Hong"Suspense and comedy are two actions, and emotionally they are two actions. The goal I set for myself is how to make everyone laugh 30 times, laugh, smile knowingly, and smile at the corners of the mouth. It takes 30 times to be comedy. So the first time I sat in the audience and listened to the audience’s laughter, I was praised by my teacher and affirmed by my teacher, just like the students handed in their homework.
The script of "Man Jiang Hong" has been polished for nearly five years, focusing on the little people in trouble and completing the narrative goal of the film in constant plot reversal, which is another exploration of the theme of "feelings for home and country" expressed by director Zhang Yimou after the Winter Olympics.
In recent years, "feelings of home and country" has become one of the important keywords to attract the audience into the cinema. The national pride and cultural self-confidence have moved millions of ordinary people in Qian Qian to gain from the light and shadow experience on the big screen. According to the statistics of the National Film Bureau, among the total box office of 30.067 billion yuan in 2022, the domestic movie box office was 25.511 billion yuan, accounting for 8.485%. Movies such as Wandering Earth 2 and China Ping-Pong’s Jedi Counter-Strike, which were released at the same time as Man Jiang Hong, all chose to combine the theme with commercial films.
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The 2023 exchange activity for foreign students in Guangdong was held in Guangzhou.

2024年1月1日 | admin | fsdgd

　　Original title: 2023 Foreign student exchange activities in Guangdong were held in Guangzhou, with nearly 1,000 foreign students from 60 countries participating.

　　On December 18th, 2023, "Charming Guangdong Helps Me Realize My Dream" was held in South China Agricultural University. The event attracted nearly 1,000 foreign students from 60 countries to participate. In the end, three programs, The Road to Dreams by Shenzhen University, Chinese by South China University of Technology, and Youth of Lu Ge by South China Agricultural University, won the first prize of this activity.

　　In the cultural performance, 17 programs from 10 universities in the province appeared in turn, fully demonstrating the youthful vitality and elegance of international students. In August this year, Duo Ruirui, a Russian student from South China University of Technology, went to Pingyuan County, Meizhou City to carry out social practice activities such as research and teaching. In the program, they put what they saw and heard in Pingyuan on the stage, telling their stories about China and the countryside.

　　"In addition to teaching, I took primary school students to play traditional Russian games. Their bright smiles gave me a dream." Duo Yurui said: "I hope to bring China’s experience in building beautiful countryside back to my motherland after graduation and do my bit for the friendly development of China and Russia."

　　Raphael, an international student at Guangzhou University of Chinese Medicine, has a special liking for China Wushu. He started studying Wushu at the age of 15 and has won many international Wushu competitions. On the stage, he showed the strength and beauty of China Wushu with a flowing performance; The International Choir of Shenzhen University brought "The Road to Dreams" by Shen Wenxie, a Korean student in Shenzhen University, and cooperated with the sand painting performance, telling the moving story of young people from all over the world who formed deep friendship and grew into useful people when studying in China, and expressing the expectation of international youth to jointly build "the belt and road initiative" to help individuals realize their dreams.

　　It is reported that "Charming Guangdong Helps Me Realize My Dream" has been successfully held for six times in the exchange activities for foreign students in Guangdong, and it is an international cultural exchange activity brand for foreign students in Guangdong. The activity takes cultural performances as the carrier to build a platform for overseas students to understand and learn Chinese excellent traditional culture and Lingnan culture, to know China, to tell about their life in Guangdong, and to promote cultural exchanges and integration among countries. (Nanfang Daily reporter Yu Jiamin correspondent Zhu Ling)

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Chinese and foreign students hand in hand, cultural exchange, heart to heart

2024年1月1日 | admin | teryrtyut

A few days ago, Qilu No.1 Experimental Primary School held a Chinese-foreign cultural exchange activity with the theme of "small hands and big hands, together with the future". The activity invited 20 international students from Egypt, Pakistan, Bangladesh and other countries to the school to have cultural exchanges with more than 200 teachers and students. During the activity, the international students shared their festivals, diets and customs, while the students listened carefully and interacted actively, and the atmosphere was warm.

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The White House shouted： ＂End the war as soon as possible＂! Israeli Prime Minister： Continue to fight until ＂absolute victory＂

2024年1月1日 | admin | rsetgedr

According to Agence France-Presse reported on December 14th, the White House said on the 14th that the United States hoped that the war between Israel and Hamas would end "as soon as possible". Earlier, the Israeli Defense Minister told visiting US Presidential National Security Assistant jack sullivan that the war would continue for several months.

John Kirby, spokesman for the White House National Security Council, said that during his visit to Tel Aviv, Sullivan also discussed the issue of changing Israel’s military operations in Gaza into "low-intensity operations" in the near future.

According to the report, the rising number of civilian casualties in the Gaza Strip has deepened the contradiction between the two allies of the United States and Israel.

Kirby said at the press conference: "I think we all hope that the war will end as soon as possible." He also claimed that if Hamas gave in, the war "could end today", but "it seems unlikely now".

Kirby said that the US government has not "imposed demands" on Israel, and the timetable given by Israeli Defense Minister Joyaf galante is "consistent" with the previous statements of many Israeli officials.

However, the spokesman also said that during his visit to Israel, Sullivan raised "sharp questions" to Israeli officials about Israel’s offensive plan.

Kirby said: "Sullivan did talk about the possibility of transitioning from high-intensity actions we are seeing to low-intensity actions in the near future. But I don’t want to give a timetable for this. "

The Israeli Prime Minister told the United States: Continue to fight until "absolute victory."

According to a report by Reuters on December 14th, according to a statement issued by the office of Israeli Prime Minister Benjamin Netanyahu, Netanyahu told visiting US Presidential National Security Assistant jack sullivan on the 14th that Israel would continue its war against Hamas until it "won an absolute victory".

According to reports, Netanyahu said that he and Sullivan discussed regional threats, including Iran’s agent Hezbollah in Lebanon and its agent Houthi in Yemen, to ensure the safe return of hostages held by Hamas and continue to provide humanitarian assistance to civilians in Gaza.

The statement reads: "I told our American friends that our heroic soldiers did not fall in vain. Inspired by the deep sorrow of their fall, we will continue to fight more resolutely than ever before until Hamas is eliminated-until we win an absolute victory. "

According to a report by DPA on December 14th, Hamas leader ismail haniya pointed out in his speech on the evening of 13th that all post-war plans in Gaza Strip excluding Hamas are "fantasy" and "delusion".

Chana also confirmed that he was willing to negotiate "all proposals or initiatives to end this aggression".

Chana said that Hamas is willing to hold talks on a possible political path to "ensure the right of the Palestinian people to have an independent state with Jerusalem as its capital".

Editor-in-Chief: Zhao Hanlu

Text Editor: Fang Ying

Author: Reference News

Source: Xinhua News Agency

Photo Editor: Zhu Ying

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