[Pacific Auto Network New Car Channel]The new sports version has been officially launched, but only the price of the 3.0T model has been announced before. A few days ago, it was announced that its 5.0L V8 SC Fengshang Chuangshi version of Dynamic was officially launched at a price of 1.98 million yuan.

　　A new generation of Land Rover has launched four models in China, and the differences in configuration are seen respectively. The SE model is an entry-level, equipped with an electric tailgate and an all-terrain feedback adaptive system. The HSE model with a higher level is matched with 20 inches, with ventilation and heating function in the rear seat, reversing camera at the rear and 14-way electrically adjustable front seat.

　　This 5.0L V8 SC Fengshang Chuangshi Edition has already announced its detailed configuration, and the biggest highlight of this car is that it is equipped with a 5.0T engine, which is 380kW(510PS) and 625Nm, which is matched with an 8-speed automatic manual transmission.

　

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[Pacific Auto Evaluation Channel] Chuanqi GS3 (parameter picture) (inquiry base price | reference matching) is the sales responsibility of Guangzhou Automobile Chuanqi in the small SUV market segment. With its low entry threshold and dynamic fashion design, it quickly won the favor of a new generation of young people in 2017, and its market performance has been very good. In March of this year, Chuanqi GS3 also ushered in a new generation of models-Chuanqi GS3 Shadow Speed. As the third model of Chuanqi "Shadow" generation family, the new car has been improved in all aspects, such as internal and external values, intelligent configuration and power. What’s the actual performance? It is the focus of our next experience.

The car purchase policy is very friendly to young people.

Buy at a low threshold and sell cars at a high rate of preservation.

The new generation Chuanqi GS3· Shadow Speed has launched four models, with the selling price range of 858-111,800 yuan. In addition to the good price, GAC Chuanqi also brought more surprises at the launch conference of GS3· Shadow Speed. Just after the sale price of the new car was announced, before the cheers on the scene dissipated, the official announced the "triple gift" for the listing of the new car. Among them, the "financial gift" provided a financial scheme with zero down payment, and also provided flexible repayment services. Only 66 yuan was repaid in each of the first six issues, which greatly reduced the threshold for young people to buy a car and let the car land as soon as possible.

Guangzhou Automobile Chuanqi GS3· Shadow Speed Model Price (10,000 yuan) Jin Jin Edition 8.58 Jin Zhi Edition 9.58 Jin Zhi Edition 10.58R-STYLE Edition 11.18 Speed Enjoy Financial Gift: Flexible repayment, ultra-low monthly payment for 66 yuan (the first six issues); 0 yuan down payment, easy to get on the bus

Enjoy the gift of value preservation immediately: 20% discount for value preservation and redemption for up to 3 years.

Enjoy the traffic gift: free basic traffic for life and free entertainment traffic for 3 years (6G/ month).

However, what makes everyone at the scene can’t help cheering again is the "value-preserving ceremony", that is, car buyers can enjoy the value-preserving and redemption service of up to 3 years and 20% discount. That is to say, when everyone’s Chuanqi GS3· Shadow Speed expires for 3 years, if they want to buy other models of Guangzhou Automobile Chuanqi brand, the official will buy back everyone’s vehicles at the highest 80% preservation rate (according to the fare). The depreciation amount after 3 years can also be converted into a daily usage fee deduction.

This means that users can not only buy cars at a low threshold, but also sell cars at a high rate of preservation, thus eliminating consumers’ "residual anxiety" about new cars. This "buy-and-sell" shows a strong inclusiveness and the initial intention of Guangzhou Automobile Chuanqi, a national brand.

Of course, whether it’s a financial plan or a high rate of preservation, these are just one of the eye-catching factors. Ultimately, the core that can affect young people’s car purchase decisions depends on the product strength itself, so next we will conduct a detailed test experience on Chuanqi GS3· Shadow Speed.

Appearance: R-STYLE version is so cool!

The main consumers of small SUVs are young people, so Chuanqi GS3 Shadow Speed also focuses on the improvement of face value in this upgrade. At a glance, it can be seen that the appearance of Chuanqi GS3 Shadow Speed has changed dramatically compared with the previous generation. As the third model of Guangzhou Automobile Chuanqi’s "Shadow Corps", the new car naturally has a strong "Shadow" style, and it is effective in off the charts.

In terms of body appearance color, the new generation Chuanqi GS3· Shadow Speed has five colors, namely, Mohe Grey, Salt Lake Blue, Ivory White, Superstar Silver and Haoyue Grey, among which Mohe Grey and Salt Lake Blue are two new colors. Ink grey is made of high-grade aluminum powder to form a matte texture with a unique metallic and gritty feeling, while salt lake blue is equipped with a high fixation system to fully ensure the high saturation of car paint.

It is worth mentioning that the new generation Chuanqi GS3· Quick Shadow Factory also provided a 5000-piece optional package, which can be upgraded to 19-inch wheels, Michelin PS4 tires (with a single value of more than 1500 yuan) and track mode (including performance training) at a cost of 5000 yuan, which is still very worthwhile if it is considered in terms of performance orientation.

Interior: texture and sense of science and technology surpass the same level.

Compared with the previous generation, the interior of the new generation Chuanqi GS3· Fast Shadow has made a qualitative leap in texture and technological atmosphere. The specific elements include the design of 12.3-inch LCD dual screen, exquisite and compact ring-type electronic gear shifting mechanism, leather seat with star texture, 32-color adjustable ambient light system, air conditioning outlet similar to propeller nozzle … It is no exaggeration to say that it is difficult to find a second rival among the 80,000-class SUVs.

In addition, the brand-new Chuanqi GS3· Shadow Speed has a late-comer advantage in intelligence because it is a freshly baked product. Its intelligent cockpit system is equipped with an 8-core high-performance car, which can respond to intelligent voice interaction at high speed, and has rich online entertainment functions and convenience functions, which is ahead of most competing products of the same level at present.

Seat Comfort & Sitting Space

Comparison of body dimensions at the same level Chuanqi GS3· Shadow Speed changan CS35 PLUS Geely Binyue Length (mm)441043304380 Width (mm)185018251800 Height (mm)160016601609 wheelbase (mm)2650

The body size of the new Chuanqi GS3· Shadow Speed is 4410mm/4446mm (regular version /R-STYLE version) *1850mm*1600mm, and the wheelbase size is 2650mm, which is one of the best in its class. Therefore, a spacious rear row space is not a problem, and young users have children, even a second child, which is enough for daily use. In addition, its rear floor is flat, which makes the rear passengers have enough leg space, even if three normal adults sit in the back at the same time, they can still ensure that everyone can have a comfortable sitting position.

Chuanqi GS3· Movie Speed R-STYLE Edition Space Exhibition:

Dynamic driving experience: clear road feeling/flexible driving.

Remember when Shadow Leopard first appeared, that exciting power system? Yes, Chuanqi GS3· Shadow Speed is also equipped with the same model. This power system of Guangzhou Automobile Julang Power’s third-generation 1.5TGDI engine +7-speed wet dual-clutch gearbox has a maximum output of 130KW and a maximum torque of 270 N m. The official acceleration time of 100 kilometers is 7.5s(R-STYLE version), which is significantly improved compared with the old models.

Comparison of power and fuel consumption at the same level Chuanqi GS3· Shadow Speed changan CS35 PLUS Geely Binyue Engine1.5T1.4T1.5TMaximum power (kW)130118133Maximum torque (N·m)270260290Gearbox 7 wet double clutch 7 wet double clutch 7 wet double clutch 100 km acceleration time (s)7.5Unknown comprehensive fuel consumption of 7.6WLTC (L/100km)6.18Unknown 6.2

Comparing changan CS35 PLUS or Geely Binyue of the same level horizontally, it is easier to find that GS3· Shadow Speed is the car that can best provide the feeling of "small steel gun" at this price and level.

I have to say that when I first got started, I was deeply impressed by this Chuanqi GS3· movie speed. In addition to the appearance and interior in the sensory experience, it will not fall off the chain when it comes to dynamic driving. When you turn on the normal mode on the city road and lightly step on the accelerator pedal, the vehicle can give you very positive power feedback. Moreover, with the increase of gear, the gearbox shifts quickly, and you can’t feel the sense of frustration. The overall acceleration process has always been linear, which is the type that can be easily controlled.

Switch to SPORT+ mode. At this time, the throttle will basically be kept at 2200rpm, and the logic of gearbox upshift and downshift will be more anthropomorphic. With the richer exhaust sound, the sports taste will be very high in an instant. At this time, I have to sigh that Chuanqi GS3· Shadow Speed is probably the model that can provide the feeling of "small steel gun" at this price and level.

Of course, when you switch to sports mode and open the sports exhaust valve, and then step on the accelerator deeply to accelerate and overtake, the engine working sound from the engine compartment and the exhaust sound from the tail can greatly stimulate the driver to secrete more hormones, so that you have an impulse to stay excited and be ready for the battle at any time.

Performance test: excellent acceleration/braking performance

0-100km/h 100 km acceleration test: 7.63 seconds.

On the sunny day of the test, we adopted the ejection start mode, adjusted the driving mode to SPORT+ and turned off the body stability system. Due to the gearbox protection mechanism, the brake pedal was released when the speed was controlled in the range of 2000-2200rpm, and the accelerator pedal was fully pressed. At the beginning, the whole acceleration process was very smooth, and there was no tire slip, and the front of the car did not have an obvious upward posture. The whole acceleration process was completed in one go, and the final score of 7.63 seconds was basically consistent with the official propaganda, and it was also an excellent performance at this level.

100-0km/h braking distance: 34.72m.

It can be seen from the test chart that the braking force is linear during the whole braking process, and the G value has no obvious fluctuation. The powerful braking force gives the driver good confidence. The measured braking distance of 34.72 meters at 100-0km/h is enough to make Chuanqi GS3· Shadow Speed stand out in the same class.

Noise test

The test is divided into idle speed, 60km/h, 90km/h and 120km/h, and finally the noise inside the car is measured in the following table. Compared with competitors at the same level, this performance is slightly lower on the whole, and it can be clearly felt through the driving experience, especially when the noise is well controlled at high speed.

Chuanqi GS3· Shadow Speed Noise Test Speed Noise 0km/h (idle speed) 43.5db60km/h60.1db90km/h64.9db120km/h68.7db Note: Data source tabulation: Pacific Auto Network.

Fuel consumption test: the fuel consumption per 100 kilometers of comprehensive road conditions is 6.7 liters.

As we also mentioned above, the official comprehensive fuel consumption per 100 kilometers is only 6.18L, which is only 50 cents per kilometer. So what is the fuel economy of actually running on the road and passing on GS3·?

In terms of route, in order to simulate the most realistic daily car scene, we have planned the route combination of 50% urban low-speed sections, 30% urban trunk roads and 20% highway sections, which can basically simulate the morning and evening rush hours and smooth road sections. The measured distance is 100km, the air conditioner is adjusted to 24°C, the wind speed is 2 and the external circulation mode is started. The final average speed is about 27km/h, and the apparent average fuel consumption is 6.7L/100km, which is about 50 cents per kilometer, which is basically consistent with the official propaganda. This fuel cost is really very friendly to young people.

Full text summary

The brand-new Chuanqi GS3· Shadow Speed continues the price strategy of the previous generation models, and provides a variety of financial staging schemes and innovatively puts forward an ultra-high value-keeping scheme of "three-year 20% repurchase", which fully dispels the worries of young people from the aspects of entry threshold and late replacement initiative. This wave of operation is really worthy of praise for GAC Chuanqi.

Of course, after our test, the brand-new Chuanqi GS3· Shadow Speed has also done a good job of pleasing all aspects of young people’s needs in terms of product strength. First of all, the shape is completely in line with the aesthetic requirements of young people, and a more sporty R-STYLE version has been launched for some segmentation needs; Secondly, the interior focuses on simple style, and the dual-screen design can meet the current scientific and technological needs. The most important model has a large internal space and the size has an advantage in the same level SUV; Finally, its golden power combination has both acceleration performance and fuel economy, so that young people with a small budget can reach it, drive it smoothly, use it conveniently and save money … So what is there to struggle with? (Photo/Text/Photo: Pacific Auto Huang Zengjian)

China Quality News Network News In 2022, the Market Supervision Administration of Feixi County, Anhui Province, focused on the outstanding problems that were strongly reflected by the masses, the concern of public opinion and the high risk of market supervision, concentrated its superior law enforcement forces, struck out with precision and heavy punches, and investigated and dealt with a number of typical illegal cases with bad nature around the masses according to law. In order to give full play to the deterrent effect of warning, realize the warning of investigating a case, effectively curb the momentum of frequent illegal phenomena, focus on resolving and preventing market risks, and strive to create a safe and secure consumption environment, ten typical cases are now selected for public disclosure.

1. The case of Hefei Hanqi Biotechnology Co., Ltd. producing foods that use food additives beyond the scope.

Feixi County Market Supervision Administration received a report that the edible fungus product "grass in vain" produced by Hefei Hanqi Biotechnology Co., Ltd. contained food additive "sorbitol" beyond the scope.

After investigation, the parties concerned purchased raw and auxiliary materials and produced edible fungi products in vain according to the product order and ingredient list provided by the entrusted manufacturer. In the production process of edible fungus product "grass in vain", the food additive "sorbitol" was added beyond the scope.

The production of edible fungus products using food additives beyond the scope violated the provisions of Item 4 of Article 34 of the Food Safety Law of People’s Republic of China (PRC), and Feixi County Market Supervision Administration imposed an administrative penalty of confiscation of illegal income of 57,300 yuan and a fine of 488,453 yuan.

Food additives can be used to change the quality of food and prolong the shelf life of food. However, food additives are not toxic and harmless. In order to reduce production costs and cater to the tastes of the public, a few businesses illegally use food additives beyond the scope and beyond the limit. Food is the first priority for the people, and food safety is the first priority. Food safety is related to the health and life safety of the people and the future of the Chinese nation. In strict accordance with the requirements of "four strictest", Feixi County Market Supervision Administration fully protects people’s health and life safety, strictly adheres to the red line of food safety, and ensures people’s "safety on the tip of the tongue".

Second, the case of using inferior drugs in Zhoumoumou internal medicine clinic in Feixi County

On May 26, 2022, Feixi County Market Supervision Administration found that there were drugs beyond the expiration date on the shelves of Zhoumoumou internal medicine clinic in Feixi County during the special inspection of drugs.

After investigation, the client purchased 20 bottles of sodium aescinate for injection from a pharmaceutical company on September 6, 2020: (the specification of the drug is 10mg*1000, and the expiration date is October 10, 2021), and on April 14-17, 2021, the client used 8 bottles of the drug; On August 26-28, 2021, the client used 6 bottles of the drug for diagnosis and treatment, and the charge price was 10 yuan per bottle. As of the time of the crime, the remaining six bottles of sodium aescinate for injection that have exceeded the expiration date have not been used.

According to Item (5) of Paragraph 3 of Article 98 of the Drug Administration Law of People’s Republic of China (PRC), drugs that have expired shall be classified as inferior drugs. The above-mentioned drugs involved are stored on the shelves of the pharmacy of the party concerned, which violates the provisions of the first paragraph of Article 98 of the Drug Administration Law of People’s Republic of China (PRC) and constitutes an illegal act of using inferior drugs. Feixi County Market Supervision Administration imposed an administrative penalty of confiscating 6 bottles of sodium aescinate for drug injection beyond the validity period and fined 10,000 yuan.

Feixi County Market Supervision Administration adheres to the people first, life first, firm mission, firm risk awareness, strengthen bottom line thinking, maintain the mentality of "losing everything", the attitude of decisive battle, and strictly guard against death, continue to deepen the special drug safety rectification actions, severely crack down on drug safety violations, effectively control drug safety risks, and hold the bottom line of drug safety in Feixi County.

3. Hefei Haoxin Protective Products Co., Ltd. engages in the production of Class II medical devices without permission and produces medical devices that do not meet the mandatory standards.

In April, 2022, Feixi County Market Supervision Administration conducted an on-site inspection of Hefei Haoxin Protective Products Co., Ltd., and found that the company produced medical disposable protective clothing (type II medical devices) without permission.

After investigation, the medical disposable protective clothing and semi-finished protective clothing involved in the case did not meet the national mandatory standards. The number of medical disposable protective clothing involved was 3,250, with a total value of 9,750 yuan.

The above-mentioned illegal acts of the company violate the provisions of Article 32, paragraph 1, and Article 35, paragraph 1 of the Regulations on the Supervision and Administration of Medical Devices, and constitute illegal acts of engaging in the production of Class II medical devices and producing medical devices that do not meet the mandatory standards without permission. Feixi County Market Supervision Administration imposed an administrative penalty of confiscating the articles involved and fined 120,000 yuan.

The products involved in this case are medical epidemic protection products. Once the disposable medical protective clothing that is illegally produced without a license and does not meet the mandatory standards enters the market, it will seriously affect the health of epidemic prevention personnel and damage the national epidemic prevention achievements. The investigation and handling of such cases has effectively cracked down on and deterred similar illegal acts and maintained the market order during the epidemic prevention and control period.

4. Hefei Sincere Machinery Manufacturing Co., Ltd. continued to use the case that the special equipment (hoisting machinery) failed or abnormal, and it was not fully inspected to eliminate the hidden dangers of accidents.

On March 30, 2022, Feixi County Market Supervision Administration entrusted experts from Anhui Special Equipment Testing Institute to Hefei Zhencheng Machinery Manufacturing Co., Ltd. to investigate the hidden dangers of special equipment, and found that the parties involved in the daily production used lifting machinery had faults or abnormal conditions. Feixi County Market Supervision Administration issued the Special Equipment Safety Supervision Instruction to the parties in accordance with the law, and ordered the parties to immediately stop using the faulty special equipment, conduct a comprehensive inspection and eliminate the hidden dangers of accidents before continuing to use it.

On May 6, 2022, Feixi County Market Supervision Administration and experts from Anhui Special Equipment Testing Institute conducted a review, and found that the crane involved in the case still had the fault of invalid travel limit, and the machine was still in use.

The behavior of the parties who continue to use the special equipment without eliminating the hidden danger of the accident violates the provisions of Article 42 of the Law of the People’s Republic of China on the Safety of Special Equipment. Feixi County Market Supervision Administration imposed an administrative penalty of 50,000 yuan on the parties according to law.

In recent years, the safety problems of special equipment have occurred frequently, and the safety problems of lifting machinery are prone to personal injury accidents. Feixi County Market Supervision and Administration Bureau strictly implements procedures in supervision and inspection, nip in the bud, solve hidden dangers before safety problems occur, and effectively safeguard the safety of people’s lives and property.

V. The case of Huidu Construction Co., Ltd., Anhui Suhuai Construction Engineering Co., Ltd. and Anhui Huaren Building Materials Co., Ltd. selling goods infringing intellectual property rights.

In July, 2022, Feixi County Market Supervision Administration received a report that the fake and inferior "Shendeou" brand exterior wall coating was used in the whole village resettlement site of a community in Feixi County.

After investigation, the "Shendeou" brand exterior wall coating used in the resettlement site of a community in Feixi County was sold by Anhui Suihuai Construction Engineering Co., Ltd. and Huidu Construction Co., Ltd. respectively, of which Anhui Suihuai Construction Engineering Co., Ltd. sold 314 barrels, and the value involved was 72,848 yuan. The sales volume of Huidu Construction Co., Ltd. is 234 barrels, and the value of the goods involved is 58,032 yuan. The Shendeo brand real stone paints allegedly infringing sold by Anhui Suhuai Construction Engineering Co., Ltd. and Huidu Construction Co., Ltd. were all purchased from Anhui Huaren Building Materials Co., Ltd., and the sales volume of Anhui Huaren Building Materials Co., Ltd. totaled 548 barrels, involving a value of 130,880 yuan.

Anhui Suhuai Construction Engineering Co., Ltd., Huidu Construction Co., Ltd. and Anhui Huaren Building Materials Co., Ltd. deal in goods that infringe on the exclusive right to use registered trademarks. Due to the large amount involved, they are suspected of constituting a crime. Feixi County Market Supervision Administration transferred the case to the public security organ according to law.

Dealing in goods that infringe on the exclusive right to use a registered trademark has seriously damaged the legitimate rights and interests of the owner of the exclusive right to use a registered trademark and undermined the order of the socialist market economy. Feixi County Market Supervision Administration focuses on serving the overall situation of economic and social development, cracking down on trademark infringement, patent counterfeiting and other illegal acts in view of key commodities related to people’s health and safety and outstanding problems affecting innovation and development, strengthening the protection of intellectual property rights, helping to build a county with strong intellectual property rights and optimize the business environment, and contributing to market supervision for the construction and development of Feixi.

6. Hefei Ruiyue Property Management Co., Ltd. failed to implement the government-guided price case.

In February 2022, Feixi County Market Supervision Administration received a complaint that Hefei Ruiyue Property Management Co., Ltd. did not meet the requirements for parking fees for new energy vehicles during the operation and management of the parking lot in Sishibu Community.

Upon investigation, during the period from December 13th, 2020 to February 18th, 2022, the parties concerned failed to comply with the provisions of Paragraph 2 of Article 12 of the Measures for the Administration of Parking Charges for Motor Vehicles in Hefei, and failed to implement the guiding price of the Implementation Opinions of Hefei Municipal People’s Government on Accelerating the Development of New Energy Automobile Industry (Hezheng Secret [2020] No.64).

The charging of new energy vehicles by the parties concerned violates Article 12 of the Price Law of People’s Republic of China (PRC), which constitutes an illegal act of not implementing the government-guided price. Feixi County Market Supervision Administration imposed an administrative penalty of 50,000 yuan on the parties according to law.

New energy vehicles are parked in public parking lots (spots) invested by the government for 2 times a day for no more than 5 hours each time; Parking in temporary parking spaces on urban roads is free for 2 hours, and the charge is halved for more than 2 hours. The handling of this case has created a good social atmosphere for promoting the development of the new energy automobile industry, fully protected the legitimate rights and interests of consumers from infringement, and caused good social repercussions.

7. Anhui Fengmin Real Estate Co., Ltd. infringed on consumers’ right to fair trade.

Feixi County Market Supervision Administration received a complaint and reported that the relevant contents of the Parking Space Use Agreement signed between Anhui Fengmin Real Estate Co., Ltd. and consumers infringed consumers’ fair trade rights.

After investigation, in June 2018, the parties used the Parking Space Use Agreement for the transfer of the right to use the civil air defense parking space of the Lifeng Platinum Mansion project developed by them. The Parking Space Use Agreement only sets the consumer’s liability for breach of contract, but does not set the party’s liability for breach of contract.

Setting the consumer’s liability for breach of contract without setting the party’s liability for breach of contract violates the provisions of Article 18 of the Regulations on the Protection of Consumers’ Rights and Interests in Anhui Province and constitutes an illegal act that infringes on consumers’ fair trading rights. Feixi County Market Supervision Administration ordered the parties to make corrections and imposed an administrative penalty of 70,000 yuan.

In real estate transactions and other fields, developers often have a more advantageous position than consumers, and developers use their dominant position to infringe on the legitimate rights and interests of consumers. Feixi County Market Supervision Administration strictly performs the territorial supervision responsibility of the real estate market in its jurisdiction, strengthens the guidance management, strictly supervises and enforces the law, promptly investigates and handles cases of violation of laws and regulations in the real estate market, regulates the operation order of the real estate market, prevents and resolves risks in the real estate market, safeguards the legitimate rights and interests of consumers, and promotes the healthy and orderly development of the real estate market and social harmony and stability.

Eight, feixi Jiayuan gourmet farmhouse false propaganda constitutes an unfair competition case.

In January, 2022, Feixi County Market Supervision Administration carried out a special inspection on "No catching and no breaking of the Yangtze River", and found that the signboard, dish name and aquatic pond label of Feixi Jiayuan gourmet farm house in Huagang Town, Feixi County all had the words "braised wild turtle", "wild river shrimp" and "wild miscellaneous fish pot".

After investigation, in order to attract customers and increase the sales of dishes, the parties concerned publicized the purchased artificially cultured aquatic products as "wild aquatic products" and made them into dishes for consumers to eat.

The behavior of the parties concerned violates the provisions of the first paragraph of Article 8 of the Anti-Unfair Competition Law of People’s Republic of China (PRC), which constitutes an illegal act of false propaganda. Feixi County Market Supervision Administration imposed an administrative penalty of 3,000 yuan on the parties according to law.

Feixi County Market Supervision Administration thoroughly implemented the decision-making arrangements of the CPC Central Committee and the State Council, focused on cracking down on the acquisition and sale of illegal catches in the Yangtze River basin, and made false propaganda and advertisements with "wild fish in the Yangtze River" and "fresh in the Yangtze River" as gimmicks, which effectively curbed the momentum of propaganda and sales of illegal catches in the Yangtze River, promoted social co-governance and achieved remarkable results.

Nine, Feixi Bainuo Kitchenware Firm sells national standard products that do not meet the standards and requirements for protecting human health and personal and property safety.

In May, 2022, Feixi County Market Supervision Administration received complaints from the masses that Bainuo Kitchenware Firm in Feixi County organized a number of elderly people to conduct product promotion and sales in the form of class training. Feixi County Market Supervision Administration immediately organized a random inspection of the goods sold by the firm after receiving the complaint.

After investigation, the electric kettle sold by this firm is an industrial product that does not meet the standards and requirements for protecting human health and personal and property safety.

The behavior of the party concerned violated the provisions of Article 13 of the Product Quality Law of People’s Republic of China (PRC), and constituted an illegal act of selling industrial products that did not meet the standards and requirements for safeguarding human health and personal and property safety. Feixi County Market Supervision Administration imposed an administrative penalty on the party concerned according to law, including confiscation of 47 unqualified electric kettles, confiscation of illegal income of 1,386 yuan and a fine of 13,440 yuan.

Feixi County Market Supervision Administration takes product quality and safety as a breakthrough to inspect the business premises of the parties concerned and organize random inspection, severely crack down on the behavior of the parties selling unqualified products, protect the legitimate rights and interests of elderly consumers, extend the treatment of fraud-related chaos that infringes on the legitimate rights and interests of the elderly, and create a good social environment for the majority of elderly people to enjoy a happy old age.

X. False propaganda case of Hefei Xuanan Sports Technology Co., Ltd.

In February, 2022, Feixi County Market Supervision Administration found that the plaque style of "Feixi County Assured Consumption Demonstration Unit" displayed by Hefei Xuanan Sports Technology Co., Ltd. was different.

After investigation, the plaque of "Feixi County Assured Consumption Demonstration Unit" displayed in the cashier on the second floor of his residence was made by himself on January 7, 2022, and the party was not awarded the honorary title of "Feixi County Assured Consumption Demonstration Unit". The coach profile produced by the parties in June 2021 publicized that Ma, the head of the coach department, graduated from "Shandong University of Finance and Economics (Engineering Department)". Zhang Moumou, a senior personal trainer, graduated from "Nanjing University of Science and Technology (Department of Management)" and won the "52kg Sanda Champion in Henan Province in 1916". The propaganda content is not true. Ma’s actual graduation school is a junior college affiliated to Shandong University of Finance and Economics, and Zhang Moumou’s actual graduation school is Songshan Shaolin Tagou Martial Arts Vocational College, and he has never won the title of "52kg Sanda Champion in 1916". It is an illegal act of false propaganda that the parties make up and exaggerate the honors won by the gym, the qualifications of fitness instructors and the honors won, and deceive and mislead consumers.

The party concerned did not win the honorary title of "Feixi County Assured Consumption Demonstration Unit", made a plaque of "Feixi County Assured Consumption Demonstration Unit" for publicity in his residence without authorization, and made up and exaggerated the honorary titles won by coach Ma, Zhang Moumou graduate school and coach Zhang Moumou for publicity, deceiving and misleading consumers, which violated the provisions of the first paragraph of Article 8 of People’s Republic of China (PRC) Anti-Unfair Competition Law and constituted an illegal act of false propaganda. Feixi County Market Supervision Administration ordered the parties concerned to stop the illegal act and imposed an administrative penalty of 10,000 yuan.

With the people’s growing demand for a better life, the increase of disposable income and the change of healthy lifestyle, the development of consumer industry is in full swing. Feixi County Market Supervision Administration severely cracked down on the illegal acts of operators deceiving and misleading consumers, created a safe and secure consumption environment, effectively protected the legitimate rights and interests of consumers, and further improved the people’s sense of acquisition and satisfaction.

(Source: Feixi Market Supervision)

　　On September 3, 2019, the price tag of cheap and assured pork was posted in the market of Nanning and ma village. Vision china map "Now the government is vigorously encouraging pig raising. Yesterday (September 5), the deputy county magistrate convened a meeting of farmers’ representatives, conveying the general meaning that the government supports farming, and if there are any problems, the government will come forward to solve them, and interest-free loans may be introduced later. The government will also do the work in environmental protection. " On September 6th, Liu Jian (a pseudonym), a pig farmer in xiushui county, Jiujiang City, Jiangxi Province, told The Paper.

　　Including this mountainous county in northwest Jiangxi, promoting pig production and ensuring market supply is being actively promoted as an important livelihood project throughout the country. Affected by multiple factors such as pig supply cycle and epidemic situation, the domestic pork market has attracted much attention this year, from pig breeding in the supply chain, purchase and delivery to consumption on the table.

　　On September 5, the data released by the Ministry of Agriculture and Rural Affairs showed that from August 26 to September 1, the average purchase price of pigs in designated pig slaughter enterprises above designated size was 26.00 yuan/kg, up 6.86% from the previous week and 82.97% from the same period last year. The average ex-factory price of white striped meat was 33.05 yuan/kg, up 6.34% from the previous week and 75.33% from the same period last year.

　　China, as a big pork consuming country, the rising pork price has attracted great attention from the government, and the pork supply guarantee has been promoted to the height of "concerning people’s livelihood and the overall situation". Since August, the executive meeting of the State Council has repeatedly mentioned "measures to ensure the supply and price stability of pork". In September, Hu Chunhua, Vice Premier of the People’s Republic of China went to Sichuan Province and Heilongjiang Province for on-the-spot supervision, stressing the need to vigorously promote the stability and recovery of pig production in the main producing areas. The State Council took the lead, and many government departments cooperated with each other, and made a series of policies on loan discount, insurance coverage, improved seed subsidies, pig breeding land and so on.

　　Support policies such as loan subsidies were introduced.

　　As a representative of farmers in the town, Liu Jian attended the communication meeting on pig breeding held by the xiushui county Municipal Government on September 5th, and he looked forward to the follow-up support of government departments in subsidies and loans. Now, there are hundreds of pigs in his farm, and the disinfection control is becoming more and more strict, and even no outsiders are allowed to enter the pig factory.

　　Due to the good epidemic prevention measures, Liu Jian’s farm has not been affected by the epidemic. On the contrary, with the high price of pork, it is still profitable. However, he has no idea whether to increase investment in farming next. Other farmers are also watching. "It depends on how the government issues documents, and now many things are being promoted."

　　The decline of pig production and the decrease of stock are emerging. According to the data released by the National Bureau of Statistics, in the first half of 2019, 313 million pigs were slaughtered nationwide, a decrease of 20.75 million heads or 6.2% compared with the same period of the previous year; The output of pork was 24.7 million tons, a decrease of 1.43 million tons or 5.5%. At the end of June, there were 348 million live pigs in China, a year-on-year decrease of 61.43 million or 15.0%.

　　As the major pig production provinces in China, Sichuan Province and Heilongjiang Province have become the key stations for government inspection. On September 6th, Hu Chunhua, Vice Premier of the People’s Republic of China pointed out that ensuring the supply of pork is one of the most urgent tasks in the work of agriculture, countryside and farmers.

　　The "vegetable basket" plan focusing on pork production has been included in the assessment of local governments. Prior to this, on August 30th, a national video conference on stabilizing the supply of live pig production guarantee market was held in Beijing. Hu Chunhua pointed out that pig production in all localities should be strictly in accordance with the requirements of the overall responsibility of the province and the mayor’s responsibility system of "vegetable basket", and resolutely accomplish the goal of stable production and supply of pigs.

　　Major provinces have also put forward production targets for 2019-2022. Taking Shandong Province as an example, it is estimated that 2.8 million pigs, 3.2 million pigs and 4.2 million pigs will be transferred out in 2019, 2020 and 2022 respectively. Jiangsu, Zhejiang, Guangdong and other provinces have proposed that the self-sufficiency rate of pigs in the province will be stabilized at over 70%.

　　Production tasks were quickly spread from major provinces to various cities, and some provinces even explicitly required the minimum pig slaughter in various cities. In order to fully mobilize the enthusiasm of farmers and solve the problem of pork shortage in the domestic market, several major government departments have joined hands to "make moves".

　　For example, the Ministry of Finance and the Ministry of Agriculture and Rural Affairs jointly issued a notice a few days ago, proposing a series of policies, such as improving the temporary loan discount policy for breeding pig farms and large-scale pig farms, increasing the incentives for pigs to be transferred out of large counties, increasing the insurance coverage of pigs, supporting the implementation of subsidies for improved varieties of pigs, and strengthening provincial financial co-ordination.

　　On August 30th, the Department of Agriculture and Rural Affairs of Jiangxi Province issued the "Announcement on the Review of Discount Loan for Working Capital of Breeding Pig Farms and Large-scale Pig Farms", saying that after the review by Jiangxi Supervision Bureau of the Ministry of Finance, it is planned to give discount loans to 224 breeding pig farms and large-scale pig farms, with a total amount of 22,548,900 yuan.

　　Other places have also come up with "real money and silver." According to Farmers Daily, Sichuan Province plans to arrange 300 million yuan of financial funds in 2019, carry out standardization construction in an all-round way, encourage and support qualified farmers to expand production, and focus on supporting the layout and development of leading enterprises in Sichuan. Jiangsu Province allocated 261 million yuan for the protection of pig germplasm resources and subsidies for the purchase of breeding pigs in large-scale pig farms, and supported key breeding counties and large-scale pig farms to improve epidemic prevention facilities.

　　Guangdong Province arranged 20 million yuan to implement discount loans for working capital of breeding pig farms and large-scale pig farms, 80 million yuan to support the transformation and upgrading of the slaughtering industry, and 100 million yuan to support the construction and standardization of facilities for recycling manure in livestock and poultry farms.

　　Henan province is also quite "generous". The province proposes to use 300 million yuan of pigs as a whole to transfer incentive funds from big counties, focusing on supporting the "two games" to improve infrastructure and epidemic prevention conditions; We will implement the "two-game" loan discount policy and give 110 million yuan of discount subsidies to 154 pig-raising enterprises. The provincial finance will also allocate 170 million yuan to support the standardization of live pigs in non-livestock counties.

　　In addition, Zhejiang Province has launched a consumption subsidy mechanism for the needy. From April to July, the province has distributed a total of 210 million yuan of price subsidy funds, and arranged more than 1 billion yuan in the rural revitalization investment fund to increase financial interest subsidies to ensure the capital needs of large-scale aquaculture entities.

　　breedheadEnterprise accelerated layout

　　The supply of pork is in short supply, and a number of policies have escorted it, which directly led to a sharp rise in the stock prices of related listed aquaculture enterprises. According to the statistics of Choice, as of September 3, the total market value of the pork concept sector of A shares has soared from 424.7 billion yuan to 849 billion yuan in just one year, with an increase of nearly 100%.

　　Although pork concept stocks are favored in the capital market, it is difficult to ignore the breeding cost and operating pressure of enterprises due to multiple factors. Feedback to the financial report is that in the first half of this year, the performance of head enterprises appeared "two days of ice and fire", and the net profit of Wenshi shares and New Hope increased substantially year-on-year, while the net profit of Mu Yuan shares, Zhengbang Technology and Yurun Food all fell or even lost money.

　　Overall, the industry’s pig production capacity has weakened. According to the data of the Ministry of Agriculture and Rural Affairs, in July 2019, the number of live pigs in 400 monitoring counties nationwide decreased by 32.2% compared with the same period of last year, and the number of fertile sows decreased by 31.9% compared with the same period of last year.

　　"It is not clear whether the local government has issued production targets to the company." A person from the securities affairs department of a pig breeding listed company told The Paper that in the first half of this year, the company attached great importance to epidemic prevention safety and accumulated effective experience; In the second half of the year, we will take the expansion strategy as the development direction, continue to implement the breeding planning objectives during the year, and take the opportunity to increase the market share. "We are still optimistic about the prospects of the breeding industry."

　　Faced with the current market situation, many head breeding enterprises are also accelerating their layout. Since this year, a number of cooperative projects have been launched one after another, including the pig breeding industrialization projects that New Hope Group signed with Guang ‘an, Sichuan, Pengshui, Chongqing and ziyang, Sichuan, respectively, with an annual output of 3 million, 1 million and 2 million pigs.

　　Wen’s shares are also important participants. In August 2019, the company signed the "Two Million Project" project with Guoyang County, Bozhou City, Anhui Province, that is, 1 million pigs breeding+1 million pigs slaughtering and processing, with a total investment of about 2 billion yuan, with an annual output value of about 3 billion.

　　Also in August, Mu Yuan announced that it planned to slaughter 13 million to 15 million pigs in 2019, and raised a net fund of 2.46 billion yuan, which was mainly used for five pig breeding construction projects in Inner Mongolia, Heilongjiang, Liaoning and Jilin, with a total annual slaughter target of 2.1 million pigs.

　　On September 3rd, Zhongtai Securities released the research report "Analysis on Key Indicators of Pig Stock Interim Report", which showed that the productive biological assets of head enterprises were flat or rising at the end of the second quarter of this year, reflecting that the current epidemic prevention and control has made good progress and the production capacity began to recover.

　　Stimulate the enthusiasm of small and medium-sized farmers

　　"It is equally important to stabilize the market price of pork, support the cultivation of large and medium-sized leading aquaculture enterprises, and stimulate the production enthusiasm of small and medium-sized farmers and farmers." Pan Xiangdong, vice president and chief economist of New Era Securities, said in an interview with The Paper that it is expected to take a process for small and medium-sized aquaculture enterprises at the grass-roots level to truly feel the series of support measures launched by the state.

　　For small and medium-sized farmers and farmers, the policy that has the most direct impact on them is: In August, Premier Li Keqiang made it clear at the executive meeting in the State Council that the local authorities should immediately cancel the regulations on the prohibition and restriction of raising pigs beyond the laws and regulations, develop large-scale farming, and support farmers to raise pigs.

　　A number of government departments are rectifying the excessive policies of banning and limiting support in rural areas in previous years. In 2016, the State Council issued the Notice of the "Thirteenth Five-Year Plan for Ecological Environment Protection", requiring all regions to close or relocate livestock and poultry farms (communities) and specialized farming households in the no-breeding areas according to law before the end of 2017, and vigorously support the standardized transformation and construction of livestock and poultry farms (communities).

　　Since then, many provinces across the country have successively started the relocation of pig-forbidden areas. Coupled with the swine fever epidemic since 2018, the number of small and medium-sized farmers has decreased, and retail farming has almost cleared. According to the data of Sky Eye Survey, there are more than 1.4 million "pig" enterprises in China at present, and they have maintained a high growth rate in the past decade. However, the number of cancelled and revoked enterprises is also increasing year by year. In recent years, there are more than 40,000 related cancelled enterprises every year.

　　In order to solve the problem and actively respond, a series of effective measures are being introduced. According to Xinhua News Agency, since August 31st, the Ministry of Agriculture and Rural Affairs, together with the National Development and Reform Commission, the Ministry of Finance, the Ministry of Natural Resources, the Ministry of Ecology and Environment, the Ministry of Transport, China Banking and Insurance Regulatory Commission and other departments, have conscientiously implemented the decision-making arrangements of the CPC Central Committee in the State Council, and many departments have successively issued documents and issued 17 policies and measures to support the development of pig production.

　　On September 4th, the General Office of the Ministry of Natural Resources issued the Notice of the General Office of the Ministry of Natural Resources on Issues Related to Safeguarding the Land for Pig Breeding, and urgently issued the land policy for pig breeding to ensure the demand for pig breeding land. On September 5, the Ministry of Ecology and Environment responded for the first time, demanding that all localities should not expand the designated scope of no-breeding areas, and should not restrict the development of pig industry or reduce the production capacity of pigs in violation of laws and regulations on the grounds of improving the ecological environment.

　　"At present, China’s pig industry is still in the stage of increasing industrial concentration. The adjustment of national environmental protection policies has little impact on the operation of large-scale listed companies. Enterprises have formed their own environmental protection systems, and the overall business strategy will not change." A person from the securities affairs department of the above-mentioned pig breeding listed company said.

　　Small and medium-sized aquaculture enterprises are facing certain pressure. The chairman of a breeding enterprise in fengqiu county told The Paper that last year, affected by the epidemic situation, the local government guided farmers to buy insurance, and the insurance premium for each pig was 40 yuan. For dead pigs weighing more than 200 kilograms, the insurance company also paid for 200 kilograms at 4 yuan per catty. Coupled with the cost of breeding, such as feed, electricity, labor, etc., it is still a loss. Many small and medium-sized farmers in the county have changed careers this year.

　　In order to enhance farmers’ ability to resist risks, recently, the Notice on Supporting the Work of Stabilizing the Supply of Live Pig Production Security Market issued by the Ministry of Agriculture and Rural Affairs of China Banking and Insurance Regulatory Commission, China mentioned that "the policy insurance policy for live pigs should be improved. Improve the insurance coverage of fertile sows and fattening pigs, temporarily increase the insurance coverage of fertile sows from 1,000-1,200 yuan to 1,500 yuan, and increase the insurance coverage of fattening pigs from 500-600 yuan to 800 yuan. The specific matters shall be handled according to the relevant requirements of the financial department. "

　　Pan Xiangdong believes that one of the most needed safeguards for farmers or aquaculture enterprises at present is the preferential policies to encourage pig raising, including financing policies and fiscal policies, and the policies should be stable. Secondly, we should rationally plan the land for agricultural breeding in order to adapt to the new era of agricultural industrialization, improve industrial concentration and production efficiency, and better manage the supply of agricultural products.

　　The Paper trainee reporter Wu Yi reporter Li Wenying

Editor’s Note: Recently, many investors have consulted about the convertible bonds issued to unspecified objects (hereinafter referred to as convertible bonds) through the investor service hotline of Shenzhen Stock Exchange (400-808-9999). In order to help investors further understand the relevant regulations, the Institute has sorted out the questions that investors have concentrated on consulting for investors’ reference.

1. What are the disclosure rules of the public information about the matching transaction of convertible bonds?

A: According to the Detailed Rules for the Implementation of Convertible Corporate Bonds Trading in Shenzhen Stock Exchange, on the first day of listing of convertible bonds, Shenzhen Stock Exchange announced the names of the five member securities business departments or marketing unit with the largest buying and selling amount on the matching transaction day and their respective buying and selling amounts.

After the first day of listing, under any of the following circumstances, the Shenzhen Stock Exchange will announce the names of the five member securities business departments or marketing unit and their respective buying and selling amounts on that day:

(1) The top five convertible bonds whose closing price rose or fell by 15% on that day;

(2) The top five convertible bonds with a price amplitude of 30% on that day.

The calculation formula of price amplitude is: price amplitude = (highest price of the day-lowest price of the day)/lowest price of the day ×100%.

If the closing price rises or falls or the price amplitude is the same, it shall be selected according to the transaction amount and volume in turn.

2. What happened to the matching transaction of convertible bonds, which was an abnormal fluctuation?

A: According to the relevant provisions of the Detailed Rules for the Implementation of Convertible Corporate Bonds Trading in Shenzhen Stock Exchange, the matching transaction of convertible bonds is an abnormal fluctuation under any of the following circumstances. The Shenzhen Stock Exchange respectively announces the names of the five member securities business departments or marketing unit with the largest cumulative buying and selling amount during the abnormal fluctuation period, and their respective cumulative buying and selling amounts:

(a) within three consecutive trading days, the deviation value of the daily closing price has reached 30%;

The calculation formula of the deviation value of closing price fluctuation is: the deviation value of closing price fluctuation = the fluctuation of single convertible bond-corresponding to the fluctuation of Shenzhen convertible bond index.

If the price reaches the price limit, the corresponding price limit ratio shall be taken for calculation.

(2) Other circumstances identified by the CSRC or Shenzhen Stock Exchange as abnormal fluctuations.

The abnormal fluctuation index shall be recalculated from the next trading day announced by Shenzhen Stock Exchange or the date of resumption of trading. The first day of listing of convertible bonds is not included in the calculation of abnormal fluctuation index.

3. What happened to the matching transaction of convertible bonds, which was a serious abnormal fluctuation?

A: In any of the following circumstances, the matching transaction of convertible bonds is a serious abnormal fluctuation. The Shenzhen Stock Exchange publishes information such as the statistics of investors’ classified transactions during the period of serious abnormal fluctuation:

(1) Abnormal fluctuations in the same direction as stipulated in Article 21 of the Detailed Rules for the Trading of Convertible Corporate Bonds of Shenzhen Stock Exchange have occurred three times in ten consecutive trading days;

(2) The deviation value of the daily closing price has accumulated to+100% (-50%) within ten consecutive trading days;

(3) The deviation value of the daily closing price has accumulated to+200% (-70%) within 30 consecutive trading days;

(4) Other circumstances identified by the CSRC or Shenzhen Stock Exchange as serious abnormal fluctuations.

If there are more than two kinds of serious abnormal fluctuations in the matching transaction of convertible bonds, the Shenzhen Stock Exchange will announce them together.

In case of serious abnormal fluctuations in convertible bonds trading, Shenzhen Stock Exchange may strengthen the monitoring of abnormal transactions according to market conditions and require members to take effective measures to remind customers of risks.

The index of serious abnormal fluctuation is recalculated from the next trading day or the date of resumption of trading announced by Shenzhen Stock Exchange. The first day of listing of convertible bonds is not included in the calculation of serious abnormal fluctuation index.

4. What measures can Shenzhen Stock Exchange take in case of abnormal fluctuations in convertible bonds trading?

A: According to the relevant provisions of the Detailed Rules for the Implementation of Convertible Corporate Bonds Trading of Shenzhen Stock Exchange, Shenzhen Stock Exchange can take the following measures according to the degree of abnormal fluctuations and regulatory needs:

(1) Requiring the listed company to disclose the announcement of abnormal fluctuation of convertible bonds;

(2) Require the listed company to suspend trading for verification and disclose the verification announcement;

(3) Prompting the market of the investment risk of convertible bonds with abnormal fluctuations;

(4) Compulsory intraday suspension of convertible bonds;

(5) Other measures deemed necessary by Shenzhen Stock Exchange.

5. How is the trading time stipulated for negotiation and after-hours pricing of convertible bonds?

A: According to the relevant provisions of the Detailed Rules for the Implementation of Convertible Corporate Bonds Trading in Shenzhen Stock Exchange, if the convertible bonds are traded by negotiation, the trading time is from 9:15 to 11:30 and from 13:00 to 15:30 every trading day.

If after-hours pricing is adopted, the trading time is from 15:05 to 15:30 every trading day.

6. During the suspension of convertible bonds, does Shenzhen Stock Exchange accept the declaration of negotiation or after-hours pricing?

A: According to the relevant provisions of the Detailed Rules for the Implementation of Convertible Corporate Bonds Trading in Shenzhen Stock Exchange, the Shenzhen Stock Exchange will not accept the declaration of the convertible bonds that are suspended all day, during the temporary suspension period or suspended until the closing.

For convertible bonds that are suspended or closed all day, the Shenzhen Stock Exchange will not accept the declaration of after-hours pricing transactions.

7. Is there any minimum requirement for negotiation and after-hours pricing of convertible bonds?

A: According to the relevant provisions of the Detailed Rules for the Implementation of Convertible Corporate Bonds Trading in Shenzhen Stock Exchange, if the convertible bonds are concluded by negotiation and after-hours pricing, the number of single transactions shall not be less than 500,000 yuan, or the transaction amount shall not be less than 500,000 yuan.

8. What is the effective declared price range of convertible bonds?

A: According to the relevant provisions of the Detailed Rules for the Implementation of Convertible Corporate Bonds Trading in Shenzhen Stock Exchange, on the first day of listing of convertible bonds, the declared price of negotiated transactions is determined within 30% of the issue price. Except for the first day of listing, the declared price of negotiated transactions shall be determined within the range of ceiling price’s price fluctuation on that day.

9. Are the negotiated transactions and after-hours pricing transactions of convertible bonds included in the calculation of the real-time market and index of Shenzhen Stock Exchange?

A: According to the relevant provisions of the Detailed Rules for the Implementation of Convertible Corporate Bonds Trading in Shenzhen Stock Exchange, the negotiated transaction and after-hours pricing transaction are not included in the calculation of the real-time market and index of Shenzhen Stock Exchange, and the transaction volume is included in the total turnover of the convertible bonds on that day after the negotiated transaction and after-hours pricing transaction are completed.

10. Is there a special logo for the short name of the convertible bonds on the last trading day?

A: According to the relevant provisions of the Detailed Rules for the Implementation of Convertible Corporate Bonds Trading in Shenzhen Stock Exchange, the initials of convertible bonds on the last trading day are "Z". The listing of listed companies’ stocks is terminated due to the forced delisting of transactions, except that the convertible bonds issued to unspecified objects are terminated.

11. If the Shenzhen Stock Exchange receives applications from convertible bond holders for trading, re-custody, share conversion and resale at the same time on the same day, in what order shall they be handled?

A: According to Article 32 of the Guidelines for Self-regulation of Listed Companies of Shenzhen Stock Exchange No.15-Convertible Corporate Bonds, if you receive two or more business applications from holders of convertible bonds in the same trading day, such as transaction or transfer, transfer custody, share conversion and resale, the applications shall be processed in the order of transaction or transfer, resale, share conversion and resale custody.

12. What is the handling fee for convertible bonds?

A: According to the relevant provisions of the Notice on Charge Standards for Convertible Corporate Bonds, the handling fee for convertible bonds is charged bilaterally at 0.04‰ of the transaction amount.

(Disclaimer: This question and answer column is only published for the purpose of investor education and does not constitute investment advice. Investors operate accordingly at their own risk. Shenzhen Stock Exchange strives for the accuracy and reliability of the information involved in this question and answer, but does not guarantee its accuracy, completeness and timeliness, and does not assume responsibility for the losses caused by using this question and answer. )

　　Xinhua News Agency, Beijing, June 20th

　　Law of People’s Republic of China (PRC) Municipality on Administrative Punishment of Public Officials

　　(Adopted at the 19th meeting of the 13th the NPC Standing Committee on June 20, 2020)

　　catalogue

　　Chapter I General Provisions

　　Chapter II Types and Application of Administrative Punishment

　　Chapter III Illegal Acts and Their Applicable Administrative Punishment

　　Chapter IV Procedures for Administrative Punishment

　　Chapter V Review and Recheck

　　Chapter VI Legal Liability

　　Chapter VII Supplementary Provisions

　　Chapter I General Provisions

　　Article 1 This Law is formulated in accordance with the Supervision Law of People’s Republic of China (PRC) for the purpose of regulating the administrative punishment, strengthening the supervision of all public officials who exercise public power, and promoting public officials to perform their duties according to law, use their power impartially, engage in politics in an honest manner and adhere to moral ethics.

　　Article 2 This Law is applicable to the activities of supervisory organs to impose administrative sanctions on illegal public officials.

　　Chapters II and III of this Law are applicable to the organs and units that appoint or remove public officials to punish illegal public officials. Other laws, administrative regulations, departmental rules of the State Council and relevant provisions of the state shall apply to the procedures and appeals of punishment.

　　The term "public official" as mentioned in this Law refers to the person specified in Article 15 of the Supervision Law of People’s Republic of China (PRC).

　　Article 3 Supervisory organs shall, in accordance with their management authority, strengthen supervision over public officials and give administrative sanctions to public officials who violate the law according to law.

　　The organs and units that appoint or remove public officials shall, in accordance with their management authority, strengthen the education, management and supervision of public officials, and give punishment to illegal public officials according to law.

　　If the supervisory organ finds that the organ or unit that appoints or dismisses public officials should give punishment but fails to give it, or the punishment given is illegal or improper, it shall promptly put forward supervision suggestions.

　　Fourth, give public officials administrative sanctions, adhere to the principle of party management of cadres, and make collective discussions and decisions; Adhere to equality before the law, take facts as the basis, take the law as the criterion, and give administrative sanctions commensurate with the nature, circumstances and harm of illegal acts; Adhere to the combination of punishment and education, combining leniency with severity.

　　Article 5 The administrative sanctions given to public officials shall be based on clear facts, conclusive evidence, accurate characterization, proper handling, legal procedures and complete procedures.

　　Article 6 Public officials shall be protected by law when performing their duties according to law, and shall not be punished by government affairs unless due to legal reasons or legal procedures.

　　Chapter II Types and Application of Administrative Punishment

　　Seventh types of administrative sanctions are:

　　(1) warning;

　　(2) recording a demerit;

　　(3) recording gross demerits;

　　(4) demotion;

　　(5) Dismissal;

　　(6) expulsion.

　　Eighth administrative punishment period is:

　　(1) Warning, six months;

　　(two) demerit, twelve months;

　　(three) gross demerit, eighteen months;

　　(4) demotion or dismissal for 24 months.

　　The decision on administrative punishment shall take effect as of the date when it is made, and the period of administrative punishment shall be calculated as of the date when the decision on administrative punishment takes effect.

　　Article 9 If two or more public officials jointly violate the law, they shall be given administrative sanctions respectively according to their respective roles in the illegal acts and the legal responsibilities they should bear.

　　Tenth relevant organs, units, organizations and collectives to make decisions or implement illegal acts, the responsible leaders and public officials who are directly responsible shall be given administrative sanctions according to law.

　　Eleventh public officials in any of the following circumstances, can be given a lighter or mitigated administrative sanctions:

　　(a) take the initiative to account for the illegal acts that I should be subject to administrative sanctions;

　　(two) to cooperate with the investigation and truthfully explain my illegal facts;

　　(three) to report other people’s violations of discipline and law, which is verified by investigation;

　　(four) take the initiative to take measures to effectively avoid, recover losses or eliminate adverse effects;

　　(5) playing a secondary or auxiliary role in a joint illegal act;

　　(six) take the initiative to hand in or refund the illegal income;

　　(seven) other lighter or mitigated circumstances as prescribed by laws and regulations.

　　Article 12 If a public official commits a minor illegal act and falls under any of the circumstances specified in Article 11 of this Law, he/she may be reminded by conversation, criticized and educated, ordered to check or admonished, and exempted or not given administrative sanctions.

　　If a public official is held hostage or coerced to participate in illegal activities because he doesn’t know the truth, and does show repentance after criticism and education, he may be relieved, exempted or not given administrative sanctions.

　　Thirteenth public officials in any of the following circumstances, should be given a heavier administrative punishment:

　　(a) intentionally breaking the law again during the period of administrative sanctions, and shall be subject to administrative sanctions;

　　(two) to prevent others from reporting and providing evidence;

　　(three) collusion or forgery, concealment or destruction of evidence;

　　(4) shielding the co-conspirators;

　　(5) coercing or instigating others to commit illegal acts;

　　(6) refusing to hand in or refund the illegal income;

　　(seven) other aggravating circumstances as prescribed by laws and regulations.

　　Article 14 A public official who commits a crime in any of the following circumstances shall be dismissed:

　　(1) Being sentenced to public surveillance, criminal detention or fixed-term imprisonment or above (including probation) for intentional crime;

　　(2) Being sentenced to fixed-term imprisonment for a negligent crime for more than three years;

　　(3) Being punished for a crime or being deprived of political rights concurrently.

　　Those who are sentenced to public surveillance, criminal detention or fixed-term imprisonment of not more than three years for negligent crimes should generally be dismissed; If the case is special and it is more appropriate to be dismissed, it may not be dismissed, but it shall be reported to the organ at the next higher level for approval.

　　If a public official is fined for a crime, or if the crime is minor, the people’s procuratorate decides not to prosecute according to law or the people’s court is exempted from criminal punishment according to law, he shall be removed from his post; Those who cause adverse effects shall be dismissed.

　　Fifteenth public officials have more than two illegal acts, should be determined separately. Should be given more than two kinds of administrative sanctions, the implementation of the heaviest administrative sanctions; If more than one administrative punishment should be given, the administrative punishment period can be determined at more than one administrative punishment period and less than the sum of multiple administrative punishment periods, but the longest period shall not exceed 48 months.

　　Sixteenth of the same illegal acts of public officials, supervisory organs and public officials appointment and removal organs and units shall not be given repeated administrative sanctions and sanctions.

　　Seventeenth public officials have illegal acts, the relevant authorities in accordance with the provisions of the organization to deal with, the supervisory organs can also be given administrative sanctions.

　　Article 18 If a public official who holds a leadership position commits an illegal act and is dismissed, revoked, removed or resigned from the leadership position, the supervisory organ may also give administrative sanctions.

　　Nineteenth civil servants and those who are managed by reference to the Civil Service Law of People’s Republic of China (PRC) shall not be promoted to positions, ranks, ranks and levels during the period of administrative sanctions; Among them, those who have been recorded, recorded, demoted or dismissed shall not be promoted to the salary scale. Those who have been removed from their posts shall be reduced in their posts, ranks, ranks and grades in accordance with regulations, and their wages and treatment shall be reduced at the same time.

　　Article 20 Personnel engaged in public affairs in organizations authorized by laws and regulations or entrusted by state organs according to law to manage public affairs, as well as personnel engaged in management in public education, scientific research, culture, medical and health care, sports and other units, shall not be promoted to posts, posts, staff grades and titles during the period of administrative sanctions; Among them, those who have been recorded, recorded, demoted or dismissed shall not be promoted to the salary level. Those who have been removed from their posts shall be demoted in their posts, posts or staff ranks, and at the same time, their salaries and benefits shall be reduced.

　　Twenty-first managers of state-owned enterprises shall not be promoted to posts, post grades and titles during the period of administrative sanctions; Among them, those who have been recorded, recorded, demoted or dismissed shall not be promoted to the salary level. Those who have been removed from their posts shall be demoted in their posts or post grades, and their salaries and benefits shall be reduced at the same time.

　　Twenty-second grass-roots mass autonomous organizations engaged in the management of illegal acts, the supervisory organs can be warned, demerits, demerits.

　　The people’s government at the county level or at the township level shall, according to the specific circumstances, reduce or withhold subsidies and bonuses if the management personnel in the grass-roots mass autonomous organizations are subject to administrative sanctions.

　　Twenty-third "People’s Republic of China (PRC) supervision law" article 15, paragraph 6 of the provisions of the personnel who violate the law, the supervisory organ may give a warning, demerit, demerit. If the circumstances are serious, the unit to which it belongs shall directly give it or the supervisory organ shall suggest the relevant organs and units to give it treatment such as reducing salary, transferring from their posts, dissolving personnel relations or labor relations.

　　If the personnel specified in the second paragraph of Article 15 of the Supervision Law of People’s Republic of China (PRC) do not hold the posts of civil servants, personnel managed by referring to the Civil Service Law of People’s Republic of China (PRC), staff of public institutions or personnel of state-owned enterprises, the illegal acts shall be dealt with in accordance with the provisions of the preceding paragraph.

　　Article 24 A public official who has been dismissed, or who has been dealt with according to the provisions of Article 23 of this Law by dissolving personnel relations or labor relations, shall not be employed as a civil servant or a person managed by referring to the Civil Service Law of People’s Republic of China (PRC).

　　Article 25 The property illegally obtained by public officials and the personal property used for illegal acts shall be confiscated, recovered or ordered to make restitution by other organs according to law, and shall be confiscated, recovered or ordered to make restitution by supervisory organs; If it should be returned to the original owner or holder, it shall be returned according to law; If it belongs to the state property or should not be returned and cannot be returned, it shall be turned over to the state treasury.

　　The supervisory organ shall advise the relevant organs, units and organizations to correct the positions, ranks, ranks, posts and staff grades, professional titles, treatment, qualifications, academic qualifications, degrees, honors, awards and other benefits obtained by public officials due to illegal acts.

　　Article 26 If a public official is dismissed, his/her personnel relationship or labor relationship with the organ or unit where he/she works shall be dissolved from the date when the decision on administrative punishment takes effect.

　　If a public official is subject to administrative sanctions other than dismissal, shows repentance during the period of administrative sanctions, and there is no illegal act that should be given administrative sanctions again, he will be automatically relieved after the expiration of administrative sanctions, and his promotion, rank, rank, rank, post and staff rank, professional title and salary will no longer be affected by the original administrative sanctions. However, if demotion or dismissal is lifted, the original post, rank, rank, rank, post and staff rank, title and salary will not be restored.

　　Twenty-seventh retired public officials who commit illegal acts before or after retirement will no longer be given administrative sanctions, but they can be investigated; Those who should be demoted, dismissed or dismissed according to law shall be treated accordingly in accordance with the provisions, and the illegally acquired property and personal property used for illegal acts shall be handled in accordance with the provisions of Article 25 of this Law.

　　If a public official who has left his post or died commits an illegal act during the performance of his duties, it shall be dealt with in accordance with the provisions of the preceding paragraph.

　　Chapter III Illegal Acts and Their Applicable Administrative Punishment

　　Twenty-eighth one of the following acts, be demerits or gross demerits; If the circumstances are serious, he shall be demoted or removed from his post; If the circumstances are serious, be dismissed:

　　(1) Spreading remarks that undermine the authority of the Constitution, the leadership of the Communist Party of China (CPC) and the reputation of the country;

　　(two) to participate in activities aimed at opposing the Constitution, the leadership of the Communist Party of China (CPC) and the state, such as assembly, procession and demonstration;

　　(three) refusing to implement or disguised not to implement the line, principles, policies and major decisions and arrangements of the Communist Party of China (CPC) and the state;

　　(four) to participate in illegal organizations and activities;

　　(five) provoke or undermine ethnic relations, or participate in ethnic separatist activities;

　　(six) the use of religious activities to undermine national unity and social stability;

　　(seven) damage the honor and interests of the state in foreign exchanges.

　　Whoever commits any of the acts mentioned in the second, fourth, fifth and sixth paragraphs of the preceding paragraph shall be dismissed from the planning, organizing and key elements.

　　Publicly publishing articles, speeches, declarations and statements that oppose the guiding ideology of the country established by the Constitution, the Communist Party of China (CPC)’s leadership, the socialist system and reform and opening up will be dismissed.

　　Twenty-ninth do not ask for instructions and report major issues in accordance with the provisions, and if the circumstances are serious, they will be given a warning, demerit or gross demerit; If the circumstances are serious, they shall be demoted or dismissed.

　　Those who violate the regulations on reporting personal matters and conceal them, if the circumstances are serious, shall be given a warning, demerit or gross demerit.

　　Tampering with or forging one’s personal files will be given a demerit or a gross demerit; If the circumstances are serious, they shall be demoted or dismissed.

　　Thirtieth one of the following acts, be warned, demerit or gross demerit; If the circumstances are serious, he shall be demoted or dismissed:

　　(a) in violation of the principle of democratic centralism, individuals or a few people decide major issues, or refuse to implement or change major decisions made by the collective without authorization;

　　(two) refusing to implement or in disguised form, delaying the implementation of decisions and orders made by superiors according to law.

　　Article 31 Those who leave the country in violation of regulations or apply for exit certificates for private purposes shall be given demerits or gross demerits; If the circumstances are serious, they shall be demoted or dismissed.

　　Those who have obtained foreign nationality or obtained overseas permanent residence qualification or long-term residence permit in violation of regulations shall be dismissed or expelled.

　　Thirty-second one of the following acts, be warned, demerit or gross demerit; If the circumstances are serious, he shall be demoted or removed from his post; If the circumstances are serious, be dismissed:

　　(a) in violation of the relevant provisions in the selection and appointment, employment, employment, assessment, promotion, selection and other cadres and personnel work;

　　(2) Deceiving positions, ranks, ranks, grades, positions and staff grades, professional titles, treatment, qualifications, academic qualifications, degrees, honors, awards or other interests by resorting to fraud;

　　(three) to suppress or take revenge on the behavior of exercising the rights of criticism, complaint, accusation and other rights according to law;

　　(four) false accusation and frame-up, with the intention of causing others to suffer adverse effects such as reputation damage or accountability;

　　(five) by means of violence, threats, bribery, fraud and other means to undermine the election.

　　Thirty-third one of the following acts, be warned, demerit or gross demerit; If the circumstances are serious, he shall be demoted or removed from his post; If the circumstances are serious, be dismissed:

　　(a) corruption and bribery;

　　(two) using the influence of authority or position to seek personal gain for himself or others;

　　(3) conniving at or acquiescing in the use of the influence of one’s authority or position by a specific related person for personal gain.

　　Those who refuse to correct the illegal employment, part-time work or business activities of a specific related person in accordance with the regulations and do not obey the post adjustment shall be dismissed.

　　Article 34 Whoever accepts gifts, cash gifts, securities and other property that may affect the fair exercise of public power shall be given a warning, demerit or gross demerit; If the circumstances are serious, he shall be demoted or removed from his post; If the circumstances are serious, they will be expelled.

　　Giving gifts, gifts, securities and other property that may affect the fair exercise of public power to public officials and their specific related persons, or accepting and providing banquets, tours, fitness, entertainment and other activities that may affect the fair exercise of public power, if the circumstances are serious, give a warning, record a demerit or record a gross demerit; If the circumstances are serious, they shall be demoted or dismissed.

　　Thirty-fifth one of the following acts, if the circumstances are serious, shall be given a warning, demerit or gross demerit; If the circumstances are serious, he shall be demoted or dismissed:

　　(1) Setting and distributing salaries or allowances, subsidies and bonuses in violation of regulations;

　　(two) in violation of regulations, in terms of official reception, official transportation, conference activities, office space and other work and life security, etc.;

　　(3) spending public funds in violation of regulations.

　　Article 36 Anyone who engages in or participates in profit-making activities in violation of regulations, or concurrently holds a post and receives remuneration in violation of regulations, shall be given a warning, demerit or gross demerit; If the circumstances are serious, he shall be demoted or removed from his post; If the circumstances are serious, they will be expelled.

　　Article 37 Anyone who uses clan or evil forces to oppress the masses, or connives at or covers up the activities of evil forces shall be removed from his post; If the circumstances are serious, they will be expelled.

　　Thirty-eighth any of the following acts, if the circumstances are serious, shall be given a warning, demerit or gross demerit; If the circumstances are serious, he shall be demoted or dismissed:

　　(a) in violation of the provisions of the management service object to collect and apportion property;

　　(two) in the management of service activities, deliberately making things difficult, eating and getting cards;

　　(three) in the management of service activities, the attitude is bad and rude, resulting in adverse consequences or influence;

　　(four) do not disclose work information in accordance with the provisions, infringe on the right to know of the management service object, and cause adverse consequences or influence;

　　(five) other acts that infringe upon the interests of the management service object, resulting in adverse consequences or influences.

　　Anyone who commits the acts mentioned in the first, second and fifth paragraphs of the preceding paragraph, if the circumstances are particularly serious, shall be expelled.

　　Thirty-ninth any of the following acts, resulting in adverse consequences or effects, shall be given a warning, demerit or gross demerit; If the circumstances are serious, he shall be demoted or removed from his post; If the circumstances are serious, be dismissed:

　　(a) abuse of power, endangering national interests, social and public interests or infringing on the legitimate rights and interests of citizens, legal persons and other organizations;

　　(two) do not perform or perform their duties incorrectly, dereliction of duty, delay the work;

　　(3) Formalism and bureaucratic behavior in the work;

　　(four) there is fraud, misleading and cheating in the work;

　　(5) divulging state secrets, work secrets, or business secrets and personal privacy mastered by performing duties.

　　Fortieth any of the following acts shall be given a warning, demerit or gross demerit; If the circumstances are serious, he shall be demoted or removed from his post; If the circumstances are serious, be dismissed:

　　(a) in violation of social order and good customs, misconduct in public places, resulting in adverse effects;

　　(two) to participate in or support superstitious activities, resulting in adverse effects;

　　(3) Participating in gambling;

　　(4) Refusing to undertake the obligation of maintenance, support and maintenance;

　　(five) the implementation of domestic violence, abuse and abandonment of family members;

　　(six) other serious violations of family virtues and social morality.

　　Those who take or inject drugs, organize gambling, organize, support or participate in prostitution, whoring and pornographic activities shall be dismissed or expelled.

　　Forty-first public officials have other illegal acts, which affect the image of public officials and harm the interests of the state and the people, and can be given corresponding administrative sanctions according to the seriousness of the case.

　　Chapter IV Procedures for Administrative Punishment

　　Article 42 A supervisory organ shall investigate a public official suspected of violating the law by two or more staff members. When conducting an investigation, the supervisory organ has the right to know the situation from the relevant units and individuals according to law and collect and obtain evidence. The relevant units and individuals shall truthfully provide information.

　　It is strictly forbidden to collect evidence by threats, seduction, deception or other illegal means. Evidence collected by illegal means shall not be used as the basis for giving administrative sanctions.

　　Article 43 Before making a decision on administrative sanctions, the supervisory organ shall inform the respondent of the illegal facts identified in the investigation and the basis for the proposed administrative sanctions, listen to the statements and arguments of the respondent, and verify the facts, reasons and evidence stated by the respondent and put them on record. If the facts, reasons and evidence put forward by the respondent are established, they shall be adopted. Shall not be aggravated by the respondent’s defense.

　　Forty-fourth after the investigation, the supervisory organ shall deal with it according to the following different situations:

　　(a) there are indeed illegal acts that should be subject to administrative sanctions, according to the seriousness of the case, in accordance with the authority of administrative sanctions, and after performing the prescribed examination and approval procedures, make a decision on administrative sanctions;

　　(2) If the illegal facts cannot be established, the case shall be dismissed;

　　(three) in line with the conditions for exemption or refusal of administrative sanctions, make a decision on exemption or refusal of administrative sanctions;

　　(four) the person under investigation is suspected of other illegal or criminal acts, and shall be transferred to the competent authority for handling according to law.

　　Forty-fifth decided to give administrative sanctions, it shall make a written decision on administrative sanctions.

　　The decision on administrative punishment shall contain the following items:

　　(a) the name, work unit and position of the person being punished;

　　(2) Illegal facts and evidence;

　　(three) the types and basis of administrative punishment;

　　(four) refuses to accept the decision of administrative punishment, the way and time limit for applying for review;

　　(five) the name and date of the organ that made the decision on administrative sanctions.

　　The written decision on administrative punishment shall be stamped with the seal of the supervisory organ that made the decision.

　　Forty-sixth administrative punishment decision shall be delivered to the punished person and the organs and units where the punished person is located in a timely manner, and announced within a certain range.

　　After making a decision on administrative punishment, the supervisory organ shall inform the relevant organs and units in writing according to the specific identity of the person being punished.

　　Article 47 A person who participates in the investigation and handling of illegal cases of public officials shall voluntarily withdraw, and the person under investigation, the prosecutor and other relevant personnel also have the right to ask him to withdraw:

　　(1) Being a close relative of the respondent or the prosecutor;

　　(2) Having served as a witness in this case;

　　(three) himself or his close relatives have an interest in the case under investigation;

　　(four) other circumstances that may affect the impartial investigation and handling of the case.

　　Article 48 The withdrawal of the person in charge of a supervisory organ shall be decided by the supervisory organ at a higher level; The withdrawal of other personnel involved in the investigation and handling of illegal cases shall be decided by the person in charge of the supervisory organ.

　　If a supervisory organ or a supervisory organ at a higher level finds that a person involved in the investigation and handling of an illegal case should withdraw, it may directly decide that the person should withdraw.

　　Article 49 If a public official is investigated for criminal responsibility according to law, the supervisory organ shall, according to the effective judgment, ruling and decision of the judicial organ and the facts and circumstances identified, give administrative sanctions in accordance with the provisions of this Law.

　　If a public official is subject to administrative punishment according to law and should be given administrative sanctions, the supervisory organ may, according to the facts and circumstances identified in the decision on administrative punishment, give administrative sanctions in accordance with this Law after investigation and verification.

　　After the supervisory organ makes an administrative sanction according to the provisions of the first and second paragraphs of this article, if the judicial organ or administrative organ changes the original effective judgment, ruling or decision according to law, which has an impact on the original decision on administrative sanction, the supervisory organ shall make corresponding treatment again according to the changed judgment, ruling or decision.

　　Article 50 If a supervisory organ dismisses or dismisses a public official who has been elected or appointed by the people’s congresses at various levels or the standing committees of people’s congresses at or above the county level, it shall first dismiss, revoke or remove his post according to law, and then make a decision on administrative sanctions according to law.

　　If a supervisory organ dismisses or dismisses a public official who has been elected or appointed by the plenary session of the committees at all levels of the China People’s Political Consultative Conference or its Standing Committee, it shall first remove him from his post in accordance with the articles of association, and then make a decision on administrative sanctions according to law.

　　If the supervisory organ gives administrative sanctions to deputies to people’s congresses at all levels and members of committees at all levels of the China People’s Political Consultative Conference, it shall notify the Standing Committee of the relevant people’s congress, the presidium of the people’s congresses of townships, nationality townships and towns or the Standing Committee of the China People’s Political Consultative Conference.

　　Article 51 After the investigation of a case investigated by a supervisory organ at a lower level according to the designated jurisdiction decision of a supervisory organ at a higher level is completed, the supervisory organ with management authority shall make a decision on administrative punishment for the object of supervision that does not fall within the jurisdiction of this supervisory organ according to law.

　　Article 52 If a public official is suspected of breaking the law and has been placed on file for investigation, it is not appropriate to continue to perform his duties, the organ or unit that appoints or removes public officials may decide to suspend him from performing his duties.

　　Public officials shall not leave the country or resign from public office without the consent of the supervisory organ during the investigation; The organs and units where the public officials are investigated and the organs and units at higher levels shall not exchange, promote, reward, punish or go through retirement procedures.

　　Article 53 If a supervisory organ finds in the investigation that a public official has been falsely accused, accused or framed, which has caused adverse effects, it shall promptly clarify the facts, restore his reputation and eliminate the adverse effects in accordance with regulations.

　　Fifty-fourth public officials who are subject to administrative sanctions shall deposit the decision on administrative sanctions in their own files. For those who are subject to administrative sanctions above demotion, the personnel department shall, within one month after making the decision on administrative sanctions, go through the formalities for changing their positions, wages and other relevant treatment; Under special circumstances, the processing period may be appropriately extended upon approval, but the longest period shall not exceed six months.

　　Chapter V Review and Recheck

　　Fifty-fifth public officials who are dissatisfied with the decision of the supervisory organ on administrative sanctions involving themselves may apply to the supervisory organ that made the decision for review according to law; If a public official still refuses to accept the review decision, he may apply to the supervisory organ at the next higher level for review.

　　If the supervisory organ finds that the decision on administrative sanctions made by the organ or the supervisory organ at a lower level is indeed wrong, it shall promptly correct it or order the supervisory organ at a lower level to correct it in a timely manner.

　　Fifty-sixth review, review period, not to stop the implementation of the original decision on administrative sanctions.

　　Public officials are not subject to aggravated administrative sanctions because of filing a review or reexamination.

　　Fifty-seventh in any of the following circumstances, the review organ shall revoke the original decision on administrative sanctions, make a new decision or order the supervisory organ that made the original decision to make a new decision:

　　(a) the illegal facts on which the administrative punishment is based are unclear or the evidence is insufficient;

　　(two) in violation of legal procedures, affecting the fair handling of cases;

　　(three) beyond the authority or abuse of power to make a decision on administrative sanctions.

　　Fifty-eighth in any of the following circumstances, the review organ shall change the original decision on administrative sanctions, or order the supervisory organ that made the original decision to change it:

　　(a) the application of laws and regulations is indeed wrong;

　　(2) The determination of the circumstances of the illegal act is indeed wrong;

　　(three) improper administrative punishment.

　　Fifty-ninth review, review the decision of administrative punishment that the facts are clear and the applicable law is correct, should be maintained.

　　Article 60 If the decision on administrative punishment of a public official is changed and it is necessary to adjust the post, rank, rank, grade, post and staff grade or remuneration of the public official, it shall be adjusted in accordance with the provisions. If the decision on administrative sanction is revoked, the rank and salary of the public official shall be restored, and the corresponding position, rank, rank, post and staff rank shall be arranged according to the original position, rank, rank and staff rank, and the reputation shall be restored within the scope of the announcement of the original decision on administrative sanction. If the confiscation or recovery of property is wrong, it shall be returned and compensated according to law.

　　If a public official is revoked or given a mitigated administrative punishment due to the circumstances stipulated in Article 57 and Article 58 of this Law, he shall compensate for the losses suffered by his remuneration.

　　Chapter VI Legal Liability

　　Article 61 If the relevant organs and units refuse to adopt the supervision suggestions without justifiable reasons, their superior organs and competent departments shall order them to make corrections, give informed criticism to the organs and units, and deal with the responsible leaders and persons directly responsible according to law.

　　Article 62 If any relevant organ, unit, organization or personnel is under any of the following circumstances, it shall be ordered by its superior organ, competent department, appointment and removal organ, unit or supervisory organ to make corrections and be dealt with according to law:

　　(a) refusing to implement the decision on administrative sanctions;

　　(2) Refusing to cooperate or obstruct the investigation;

　　(three) to take revenge on prosecutors, witnesses or investigators;

　　(4) falsely accusing or framing public officials;

　　(5) Other circumstances that violate the provisions of this Law.

　　Sixty-third supervisory organs and their staff in any of the following circumstances, the responsible leaders and directly responsible personnel shall be dealt with according to law:

　　(a) in violation of the provisions of the disposal of clues;

　　(2) Stealing or disclosing information about the investigation work, or disclosing information about the reported matters, the acceptance of the report and the informer’s information;

　　(3) extorting a confession from the person under investigation or the person involved in the case, or insulting, beating, abusing, corporal punishment or corporal punishment in disguised form;

　　(4) accepting property and other benefits from the person under investigation or the person involved;

　　(five) in violation of the provisions of the disposal of property involved;

　　(six) in violation of the provisions of the investigation measures;

　　(seven) using the influence of authority or position to interfere in the investigation and seek personal gain by the case;

　　(eight) in violation of the provisions of the handling of safety accidents, or after the occurrence of safety accidents, concealment, inaccurate reporting, improper disposal;

　　(nine) in violation of procedures such as withdrawal, causing adverse effects;

　　(10) Failing to accept and handle the review and reexamination of public officials according to law;

　　(eleven) other acts of breach of privilege, dereliction of duty and favoritism.

　　Article 64 Whoever violates the provisions of this Law and constitutes a crime shall be investigated for criminal responsibility according to law.

　　Chapter VII Supplementary Provisions

　　Article 65 the State Council and its relevant competent departments shall, in accordance with the principles and spirit of this Law and in combination with the actual conditions of public institutions and state-owned enterprises, make specific provisions on the punishment of illegal public officials in public institutions and state-owned enterprises.

　　Article 66 the Central Military Commission (CMC) may formulate relevant specific provisions in accordance with this Law.

　　Article 67 Before the implementation of this Law, if a closed case needs to be reviewed or rechecked, the provisions at that time shall apply. For cases that have not been closed, if the provisions at the time of the act are not considered illegal, the provisions at that time shall apply; If the provisions at the time of the act are considered illegal, it shall be dealt with in accordance with the provisions at that time, but if this Law is not considered illegal or dealt with lightly according to this Law, this Law shall apply.

　　Article 68 This Law shall come into force as of July 1, 2020.

　　Recently, official website, the International Liaison Department of the CPC Central Committee, published a cartoon atlas to explain how the CPC selects and appoints leading party and government cadres. The intuitive and simple form and relaxed and humorous tone have impressed Chinese and foreign people deeply.

　　"China’s connection with the world is getting closer and closer, and relevant systems including the selection of party and government leading cadres have also become foreign concerns." The relevant person in charge of the International Liaison Department said, "The adoption of comic atlas interpretation is an innovation in form and discourse system, in order to make Chinese and foreign people understand and understand."

　　What are these cartoons about? How to choose the leading cadres of the CPC party and government? In this regard, this newspaper has sorted out.

　　How to choose the highest leadership of the CPC?

　　The leading cadres of the party and government of the Communist Party of China cover a wide range, among which public officials in leading positions in party and government organs at all levels are the main body. How did the top leaders and leading bodies of the CPC come into being? Let’s take the 18th National Congress of the Communist Party of China as an example to find out.

　　The first is the election of the Central Committee and the Central Commission for Discipline Inspection. From July 2011 to June 2012, the Central Committee sent 59 inspection teams to inspect, identified 727 inspection objects, and formally elected 506 members of the "two committees" through nomination, voting and election.

　　Then there are elections in the Political Bureau of the Central Committee and The Politburo Standing Committee (PSC). Nominated by the last session of the Political Bureau of the Central Committee, the newly elected plenary session of the Central Committee drew up a list of official candidates, and voted by secret ballot to elect 25 members and 7 members of the Standing Committee.

　　Finally, the emergence of the General Secretary of the Central Committee. The general secretary is the person in charge of The CPC Central Committee. He is elected by the plenary session of the Central Committee and must be elected from the members of the Standing Committee of the Political Bureau of the Central Committee.

　　In fact, the characteristics of the selection and appointment of leading cadres of the Party and government of the Communist Party of China are as follows: first, there are both "election" and "promotion", public opinion polls and voting, as well as organizational recommendation and inspection, so as to select talented cadres; Second, having both ability and political integrity, especially in the aspect of "morality", has strict requirements for cadres; Third, pay attention to actual performance, and strive to select leading cadres who have the ability and hard work spirit and are recognized by the masses.

　　What are the procedures for selection and appointment?

　　Xu Hongwu, former director of the Political Science Teaching and Research Department of the National School of Administration, said: "Unlike the western free competition election method, the CCP selects and appoints leading cadres by combining deliberative democracy with voting democracy. After layers of inspections, full brewing, and consultations between all parties, it reflects the Chinese cultural tradition of harmony. "

　　In China, becoming a leading cadre of the Party and government, especially a high-level leading cadre, is by no means easy. The chance of standing out from the ranks of ordinary civil servants and becoming a ministerial-level cadre is only one in 140,000, and the average time required is at least 20 years.

　　The basic procedures of selection and appointment are mainly divided into two situations: leadership change and individual adjustment.

　　There are five steps in the process of selecting and appointing leaders: step one, the Party Committee and its organizational departments move to form a work plan; The second step, after democratic recommendation, determine the object of investigation; The third step is to investigate the object of investigation from five aspects: morality, ability, diligence, achievement and honesty; The fourth step, the party Committee will discuss collectively and vote on the basis of full discussion to decide the appointment and dismissal; The fifth step, post execution, follows the pre-post publicity system, post talk system and post probation system.

　　Under normal circumstances, leading cadres are gradually promoted according to procedures, but in order to find more talented and practical cadres, there are also some flexible employment methods, such as open selection for the society and competition for posts within the unit or system. In addition, outstanding cadres can be promoted without exception or because of special needs of their work.

　　How to supervise and evaluate after the appointment?

　　"Unrestricted power will inevitably lead to corruption", and supervision and assessment are important links to ensure that power is not abused in the process of selecting and appointing party and government leading cadres.

　　The supervision of party and government leading cadres is mainly divided into two aspects: "Party discipline supervision" and "laws and regulations supervision". "Party discipline supervision" means that cadres are bound by party discipline and are required to follow organizational discipline at all times. "Supervision by laws and regulations" means that in order to avoid illegal promotion and cronyism, all members of the inspection team or their relatives must be avoided during the inspection. In the appointment, anything that involves my basic information, family situation, property and other reportable appointment matters is invalid.

　　In addition to the above-mentioned supervision methods, the Communist Party of China has also adopted the "accountability system for oversight by employing people" to conduct backward investigation on the selection and appointment process. In October last year, the Organization Department of the Central Committee of the Communist Party of China carried out special rectification on issues such as inaction and chaos of grassroots cadres at the county level that harmed the interests of the masses. Beijing has also seriously dealt with 10 bureau-level leading cadres for typical problems such as "idle land and failure to start major construction on time".

　　"reactive power is too much." In order to avoid the inaction of leading cadres, the CPC has also formulated various assessment measures including annual assessment, target responsibility assessment and performance assessment. According to statistics, local party and government leading cadres have to face more than 40 indicators every year, and these indicators have their own emphasis and characteristics. Those who fail in the assessment results will face dismissal, demotion and dismissal.

1905 movie network news On May 15th, Fu Xinbo and Yinger got married in Bali. According to Reuters news, at the wedding reception that morning, Fu Xinbo and his groomsmen Kyle, Zhou Mi, Fox Xia and Dong Li did push-ups in front of the bridesmaid group Bea Hayden, Ar Fi, Shen Mengchen and Milu. Yinger is sitting in the room in a Chinese red dress, and the scene is very lively and festive. (Source: Sina Entertainment)

　　Cang Li Shi, the world is safe. To ensure national food security! "Ensuring food security has always been a top priority for the national economy and people’s livelihood. It is necessary to study and improve food security policies, take capacity building as the foundation, and realize grain storage on the ground and grain storage in technology."

　　At the wharf of the grain and oil base in Tianjin Lingang Economic Zone, a freighter loaded with soybean, wheat and other grain and oil raw materials from overseas is unloading. After the fresh materials are disinfected and squeezed by equipment, golden soybean oil flows out, and the "Fulinmen" on the dining table of thousands of households is born.

　　Recently, the second-stage general contracting project of the first-stage silo of Tianjin Lingang Economic Zone, which was installed and built by China Construction, was successfully capped and passed the main acceptance. As the first link of the "front dock and back factory" of Tianjin Lingang grain and oil industry, the project consists of eight reinforced concrete silos. After completion, the storage capacity of soybeans can reach 288,000 tons. By then, Tianjin Lingang Grain and Oil Industrial Park will become the largest grain, oil and food processing base in the north, providing a strong guarantee for food security and stable food supply for residents in the north. It is expected to be officially put into operation in April next year.

　　Deeply rooted and tamped the granary "chassis"

　　Tianjin Lingang Economic Zone is located in the shallow beach area at the mouth of Haihe River. It is a port born from land reclamation and belongs to muddy coastal zone with poor geological and hydrological conditions. The silo has an outer diameter of 28 meters and a height of 44 meters. It is the first step for the project team to build a stable "people’s rice bowl" by making the "Eight Giants" firmly located on the dock and ensuring a solid foundation.

　　Before the start of construction, the project department organized experts to conduct on-site surveys for many times. After design, research and discussion, it was finally decided to adopt the pile mat foundation method. First, the bored pile technology was used to pile piles, and then the circular raft foundation was laid to stably support the silo "body". Due to the huge volume of silos, the deepest pile foundation needs to be drilled to 43 meters underground, but the maximum distance between silos is only 2 meters wide, which is always at risk of collapse. After repeated research and demonstration, the installation team of China Construction decided to set 40 supports around the foundation pit to fix the ground of the built silo to prevent the ground from collapsing during excavation. With the continuous operation of five pile drivers for 24 hours, the project team laid 1120 cast-in-place piles in only 36 days, laying a solid foundation for the silo.

　　After the pile foundation is "stabilized", it is necessary to lay a raft foundation with a thickness of 1.7 meters. The project team innovatively used the channel steel welded support system to replace the traditional reinforced horse stool and set up the "skeleton" of the raft, which solved the problems of large welding amount and high cost of the reinforced horse stool, and it was convenient to disassemble and assemble, which improved the construction efficiency. Before pouring concrete, the project team embedded 3 temperature measuring points and 15 wire probes in each silo. After pouring, external temperature measuring equipment was connected to monitor the concrete temperature at the corresponding position, and the cracking of mass concrete was effectively prevented by covering the concrete surface with felt and storing water. The project team completed 8800 cubic meters of concrete pouring in just one month, and the huge silo was "sitting like a clock".

　　Consolidate the foundation, expand the new and build a stable grain "protection warehouse"

　　The silo is composed of silo wall, funnel and silo roof. Considering the small space and limited working surface, the project team decided to adopt slip-form technology for the construction of silo wall. The double silos slide up at the same time, every 30 cm is poured, and when the concrete is initially set, the formwork will be lifted once, which is not only complicated and technically difficult, but also that once the slipform is opened, it can not be interrupted day and night, and any link will have an impact on slipform construction and silo quality.

　　In order to ensure the construction quality, every time it is lifted, the inspection personnel should carefully check whether the slip-form platforms of the two silos are deformed and whether the levelness and verticality are consistent. After 24-hour continuous construction and close cooperation of all disciplines, the concrete of eight silos was nearly 9,600 cubic meters, which was finally poured in 40 days, and the silo "body" construction was completed 7 days ahead of schedule.

　　The top of the silo is conical shell, which is the last step of the main construction and the most difficult "hard bone". Because the warehouse roof is constructed at an altitude of 44 meters, the constructors have no working platform to stay on. The conventional method is to build a full-house supporting frame to assist the construction. However, the traditional full-house supporting frame has a large volume, a lot of turnover materials and a long erection period, which affects the construction progress. Zhao Yafei, the chief engineer of the project, repeatedly studied and analyzed the bearing capacity and stability of the supporting system, and calculated it for more than 100 times. Finally, he innovatively developed a set of Bailey frame supporting system assembled construction platform, which consists of corbel, central column, jacking and Bailey. The installation and disassembly of the platform is simple and quick, which not only speeds up the construction progress, ensures the quality, but also reduces the construction cost and shortens the construction period by 45 days. This innovative technology has also won the national patent.

　　Ingeniously adhere to the "safety defense line" of building granaries

　　Kong Fanfeng, the project manager, has been stationed in Tianjin Lingang Wharf for six years. He led nine young people with an average age of 28 who were responsible for the electromechanical installation of the first phase of the silo, but the main construction area of the silo was also their "blank area". "Let’s build the silo, and the country’s big granary will be solid." This young team braved the wind and waves and fought against the sky to explore and crack the "construction password" of the granary.

　　It is said that the construction of the wharf depends on the weather, especially the sea breeze and rain in summer, which "beat" the wharf wildly, which brings great difficulties to the construction. The sliding formwork construction of the warehouse wall is in midsummer, so the project department prepares rain-proof materials in advance and adds sandbags for flood control at the low-lying places on the site in advance. Seeing that the slip-form casting is about to be completed, suddenly the sky is cloudy and thunder is rolling, and the raindrops as big as beans fall, and the dock instantly opens the "sea-watching mode". The rain is getting heavier and heavier, and the poured concrete has not completely solidified, and it is mixed with rain and flows out with "black water".

　　"So concrete and template stick together? The platform must be lifted by 50 mm every 30 minutes to separate the formwork from the poured concrete! " Zhao Yafei, the chief engineer of the project, couldn’t sit still. He rushed to the hydraulic console against the strong wind, neglected the umbrella, and controlled the sliding formwork body to move up slowly through the console. When other people saw it, they also ran into the rain, picking up the plastic sheets for rain protection in one hand and holding the plates next to them in the other. Qi Xin worked together to set up a "protective shed" on the hydraulic console. Everyone tacitly accepted Zhao Yafei’s "baton" and stuck to it in the rain to ensure that the sliding formwork moved up at a constant speed.

　　After the rain cleared, the project team immediately conducted a comprehensive "physical examination" on the strength of concrete, two tower cranes and 108 jack equipment to ensure that the sliding formwork body climbed steadily. The cold sea breeze stung their dark and cracked hands, and the waves were surging, beating their ingenious granaries. After 18 months of persistence, the installation team of China Construction completed the main construction task with high quality and efficiency.

　　Establish a "big country granary" to protect food security. The installation of state-owned enterprises helps to build a world-class grain and oil terminal with the highest degree of modernization in China! (Sun Li Shen Ruying Hong Yan)

　　Xinhua News Agency, Tianjin, June 28th-China has been an active advocate and practitioner of South-South cooperation for more than 70 years. Many people who are attending the 14th Summer Davos Forum in Tianjin, China said that China is playing an increasingly important role in global South-South cooperation with its accumulated experience, technology and talent advantages in agricultural technology popularization, global poverty reduction and public health, providing a "China sample" for reference.

On June 27th, 2023, the participants prepared to walk into the 14th Summer Davos Forum. The 14th Summer Davos Forum was held in Tianjin from June 27th to 29th, with the theme of "Entrepreneurship: Driving Force of World Economy". Xinhua News Agency reporter Sun Fanyue photo

　　China agricultural technology drives bumper harvest.

　　To achieve the goal of global hunger eradication, Africa is an important puzzle. The food supply here is seriously threatened by climate change and land desertification, and the agricultural technology in China has provided important help for increasing local food production and improving food security.

　　In Mozambique, Wanbao Mosang Agricultural Park, which china-africa development fund participated in, is a large-scale rice planting project, which has significantly improved the local rice planting and rice processing technology; In Kenya, the field micro-rainwater harvesting technology from China was applied in the local demonstration area to grow corn, and the yield increased by 99% to 240%. In Burundi, the expert group of China selected and introduced eight kinds of rice suitable for the local area, which solved the historical problem that the local mountainous area often lost production or even failed to harvest due to rice blast.

　　China has built a number of agricultural technology demonstration centers in Africa, and projects such as "Demonstration Project of Increasing Corn Yield by Thousands of Households and Ten Thousand Mu" have blossomed locally.

　　In the eyes of South African delegate Malelai, China’s agricultural technology has brought tangible benefits in agricultural innovation, poverty alleviation and food security. He said that he expected more cooperation between Africa and China in food security and mitigation of the impact of climate change.

　　According to the data of the Ministry of Agriculture and Rural Affairs of China, by 2021, China has sent more than 2,000 agricultural experts and technicians to more than 70 countries and regions, and promoted and demonstrated more than 1,500 agricultural technologies to many countries, driving the project to increase production by 40% to 70% on average.

　　On November 27, 2019, cooperative farmers worked in the fields at the Wanbao Mosang Agricultural Park in Mozambique. Xinhua News Agency reporter Zhang Yushe

　　Medical and health experience in China promotes health.

　　This year marks the 60th anniversary of the dispatch of China’s foreign aid medical team. Over the past 60 years, China has sent 30,000 medical personnel to 76 countries and regions around the world, treating 290 million patients.

　　China, together with its partners in developing countries, shared the experience gained in the field of public health in China, shared public health products such as vaccines, and made joint efforts to reduce the disease burden in developing countries and promote global health governance.

　　The global malaria burden is mainly concentrated in southern countries. There were still 30 million malaria cases in China from the early days of the founding of the People’s Republic of China. By 2017, the number of local malaria cases was reported to be zero, and by 2021, it was certified by the World Health Organization as the national malaria elimination certification … … China’s achievements in malaria control provide a reference for overcoming malaria problems and promoting global health.

　　In Tanzania, using China’s barefoot doctor model for reference, villagers were recruited and trained to become the core medical staff or volunteers of local medical teams. Learn the work standard of "1-3-7" malaria case report and detection in China, that is, complete the case report within 1 day, complete the case review and epidemiological investigation within 3 days, and carry out the investigation and disposal of epidemic spots within 7 days; Pipequine dihydroartemisinin phosphate tablets produced in China have also been popularized in pilot areas.

　　Ren Minghui, a professor at Peking University School of Public Health and former assistant director-general of the World Health Organization, said in an interview with Xinhua News Agency during the forum that South-South cooperation in China is open, inclusive and oriented to the needs of South-South countries. Whether China’s anti-malaria technical scheme has been promoted by WHO for many times, or China’s aid to build medical infrastructure and China’s pharmaceutical enterprises’ overseas localized production or technology transfer, China has provided a reference, further localized and concrete scheme for southern countries to strengthen health system construction.

　　On April 25th, 2023, in Acadia mining area, Zimbabwe, the 20th batch of medical team members from China aided Zimbabwe introduced malaria prevention knowledge. Xinhua News Agency reporter Zhang Baoping photo

　　China’s program helps to meet global challenges.

　　At present, international geopolitical conflicts have intensified, North-South cooperation has slowed down, and the development gap has widened, thus facing many challenges in achieving the goal of sustainable development in 2030. According to United Nations statistics, there are still more than 800 million people starving and 350 million people in need of humanitarian assistance in the world, and the momentum of implementing the sustainable development goals has obviously slowed down.

　　China, with its own development path, has provided the world with a feasible and reproducible reference, and also contributed China’s plan and China’s wisdom to jointly deal with global challenges.

　　Zhang Jianping, deputy director of the Academic Committee of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said that China has set a development model for the southern countries. China’s participation in South-South cooperation does not attach political conditions and requirements like western countries, which provides opportunities for southern countries to improve their own capacity building, development level and development efficiency.

　　Eliminating poverty is a common challenge facing mankind. As the country with the largest poverty reduction population in the world, China has contributed more than 70% to global poverty reduction, creating a miracle in the history of poverty reduction in the world. Poverty reduction in China has become a research sample of more and more countries and international organizations.

　　Facing the challenge of global climate change, in 2015, China set up the China South-South Cooperation Fund on Climate Change with 20 billion yuan; Since 2016, China has launched 10 low-carbon demonstration zones, 100 climate change mitigation and adaptation projects, and 1,000 cooperation projects to cope with climate change training places in developing countries, and implemented more than 200 foreign aid projects to cope with climate change.

　　Zhu Min, vice chairman of China International Economic Exchange Center, told Xinhua that China has accumulated experience and technology in carbon neutral macro management, technological innovation and new industrial layout. At present, China’s photovoltaic manufacturing industry accounts for 90% of the global production capacity and is an important source country of global wind power equipment and electric vehicles. "China has great potential to promote the green transformation of developing countries in terms of carbon neutrality."

　　Sri Lankan Foreign Minister Sabri said that Sri Lanka’s economy has achieved remarkable growth since China invested in the local area and started infrastructure construction. South-South cooperation is an important mechanism to jointly promote the solution of global challenges, in which China plays an important role.

　　The "China sample" of South-South cooperation provides enlightenment and reference for developing countries from the perspective of global development. In the long run, more global governance has explored new models and new paths different from those in the West. (Reporter Zhang Miao, Xu Supei, Bai Jiali, Henry Hui Wang, Zhang Yuqi)