"Recently, we are studying and launching several other structural tools, mainly focusing on supporting the smooth operation of the real estate market, including the Baojiaolou loan support plan, the housing rental loan support plan, and the private enterprise bond financing support tools. We will make some other detailed disclosures and releases after the introduction." On January 13, at the press conference of the State Council Office, Zou Lan, Director of the Monetary Policy Department of the Central Bank, introduced.

　　In the past few days, the real estate policy has been favorable. On the 10th, the People’s Bank of China and China Banking and Insurance Regulatory Commission jointly held a symposium on credit work of major banks. At the symposium, CBN was informed that in order to effectively prevent and resolve the risks of high-quality head housing enterprises and improve their assets and liabilities, the relevant departments drafted the Action Plan for Improving the Balance Sheet Plan of High-quality Housing Enterprises (hereinafter referred to as the Action Plan). The action plan focuses on 21 tasks from four aspects: assets, liabilities, rights and interests, and expectations, including the implementation of some issued policies and some new policies.

　　Chen Wenjing, director of market research in the Index Division of the Central Finger Research Institute, said that the four major policy directions of financial support for real estate are clearer: differentiated credit support on the demand side, improvement of policy tools for guaranteeing the delivery of buildings, improvement of the balance sheets of high-quality housing enterprises, and improvement of financial support policies for housing leasing.

　　Improve the balance sheet of high-quality housing enterprises

　　From the specific content of the action plan, on the asset side, we should activate reasonable demand by optimizing policies, increase efforts to guarantee the delivery of buildings, stabilize real estate sales, compact the responsibility of enterprises to slim down and save themselves, and strive to improve the operating cash flow of high-quality housing enterprises. We will support the demand for rigid and improved housing, speed up the special loan for newly-added Baojiaolou, set up a 200-billion-yuan loan support plan for Baojiaolou, set up a special re-loan for national asset management companies, and set up a 100-billion-yuan housing rental loan support plan. A series of measures are accelerating.

　　On the debt side, under the premise of risk control and ensuring the security of creditor’s rights, we will start with the stock and increment, increase the multi-channel financing support such as loans, bonds and asset management, and keep the financing cash flow of high-quality housing enterprises stable.

　　On the equity side, support high-quality housing enterprises to enrich their capital through equity financing measures, reduce financial leverage and enhance their ability to resist risks.

　　In terms of the expected improvement of the real estate market, it is clear that it is necessary to establish a positive image of high-quality housing enterprises, ensure the delivery time and quality of commercial housing, improve the quality of financial statements and information disclosure of housing enterprises, improve market expectations and rebuild industry confidence.

　　Zou Lan said at the press conference that the action plan focuses on high-quality real estate enterprises that focus on their main business, operate in compliance, have good qualifications and have certain systemic importance, and focuses on promoting 21 tasks in four aspects: asset activation, debt succession, equity supplement and expected promotion. Comprehensive measures are taken to improve the cash flow of high-quality real estate enterprises and guide the balance sheets of high-quality real estate enterprises to return to a safe range. These tasks include not only the implementation of the policies that have been issued, but also a series of new measures such as setting up special refinancing for national asset management companies and setting up housing rental loan support plans.

　　While clarifying the basic conditions of high-quality housing enterprises, the action plan indicates that there is no specific list, and financial institutions can grasp it independently. At present, most real estate enterprises that have signed intention credit agreements with state-owned banks and other prime bank can be classified as high-quality real estate enterprises. The industry also believes that the absence of a specific list means that the scope of supporting enterprises is also expanding.

　　Liu Shui, director of enterprise research at the China Central Finger Research Institute, believes that the formulation of the action plan shows that the management department has made a more systematic and overall solution to prevent and resolve the risks of high-quality head housing enterprises. "Asset activation effectively improves the operating and financing cash flow of housing enterprises. Debt continues to ease the liquidity tension. Supplement equity, optimize the structure of assets and liabilities, and reduce leverage ratio. The expected improvement will repair industry confidence. "

　　"Three lines and four gears" will be adjusted

　　What is particularly striking is that the action plan clearly needs to improve the "three lines and four files" rules for 30 pilot housing enterprises, and improve some parameter settings on the basis of keeping the overall framework of the rules unchanged.

　　The so-called "three lines and four gears" means that in August 2020, the Ministry of Housing and Urban-Rural Development and the central bank held a symposium on key real estate enterprises, at which three regulatory requirements were put forward: the asset-liability ratio excluding advance payments should not be greater than 70%, the net debt ratio should not be greater than 100%, and the cash short-term debt ratio should not be less than 1 times.

　　According to the number of lines on the "three red lines", real estate enterprises are divided into four grades of management: red, orange, yellow and green. For each grade reduction, the upper limit of the growth rate of interest-bearing liabilities will increase by 5%, and the annual growth rate of interest-bearing liabilities of real estate enterprises in the green position should not exceed 15%.

　　According to the regulatory requirements, from January 1, 2021, housing enterprises officially entered the test period of reducing leverage; By the end of June 2023, all the "three red lines" indicators of pilot housing enterprises must meet the standards, and all housing enterprises will meet the standards by the end of 2023.

　　Since then, downshifting, debt reduction and burden reduction have become the main theme of housing enterprise management. In this tide of reducing leverage, many housing enterprises optimize their balance sheets by reducing borrowing and controlling land acquisition. Until 2021, the leverage ratio of the whole industry generally showed a downward trend. However, since 2022, affected by repeated epidemics, supply cuts and other factors, the sales of housing enterprises have fallen sharply, and the return and cash holdings have dropped significantly. The "stepping on the line" housing enterprises have a tendency to expand.

　　According to Cree’s statistics, from the classification of sample real estate enterprises, the number of real estate enterprises stepping on the line has increased significantly since the middle of 2021, and the proportion of green housing enterprises in the first half of 2022 has dropped from 42% at the beginning of the year to 32%; The proportion of yellow, orange and red housing enterprises has risen, and the proportion of red housing enterprises has increased year by year, from 7% in mid-2021 to 17% in mid-2022.

　　At the same time, there is the problem of excessive contraction of financial institutions. Some financial institutions will require that the balance of interest-bearing liabilities of "red-file" enterprises should not be increased, which is misunderstood as that banks are not allowed to issue new development loans. After the enterprises pay back the loans, the newly started projects that should have been reasonably supported will not get loans, which has also caused some enterprises’ capital chains to be tight to some extent.

　　Last year, industry suggestions for fine-tuning the "three red lines" began to appear. For example, Sheng Songcheng, former director of the Survey and Statistics Department of the People’s Bank of China, suggested in April last year that the deleveraging cycle should be appropriately extended without changing the goal of deleveraging policy, including appropriately adjusting the three red lines and loan concentration assessment requirements, so as to gain time for the industry to respond to the epidemic.

　　At the beginning of last year, there was market news that banks had informed some large-scale high-quality real estate enterprises that the relevant M&A loans were no longer included in the "three red lines" related indicators for the debt-bearing acquisition of insurance enterprise projects. However, the "third line and fourth gear" is still an important criterion for financial institutions to judge housing enterprises.

　　Experts interviewed in the industry believe that the "three red lines" standard will be fine-tuned, and it is expected that the requirements of the red line will not change. It may be the same as the loan concentration, extending or setting the transition period, weakening different gears, and increasing the tolerance for debt growth. The requirements for land acquisition and cash flow will also decrease. As a result, some enterprises will have certain leverage space.

　　Yan Yuejin, research director of Shanghai Yiju Real Estate Research Institute, believes that mortgage concentration and three red lines will continue to be implemented, and the overall reform idea is still in line with the long-term mechanism of real estate financial management, but it will be combined with short-term and medium-and long-term work. At present, the short-term emergency policy will be emphasized, so the concentration of mortgage and the three red lines will be relaxed or buffered.

　　Liu Shui said that reasonably extending the transition period of the real estate loan concentration management system and improving the parameter setting of the "three-line and four-file" rules of housing enterprises will give housing enterprises a relaxed financing environment and reduce the pressure of financing and debt. On the one hand, extend the transition period of real estate loan concentration management system, reduce the credit constraints of banks, and provide loose conditions for banks to support real estate financing. On the other hand, according to the actual situation of the industry, flexibly adjusting and perfecting the parameter settings of "three lines and four gears" and reducing the requirements for housing enterprises can reduce the pressure on the operation, financing and debt of housing enterprises.

　　The market is expected to go out of the trough.

　　"The industry’s debt structure is highly diversified, and financial liabilities only account for 31%, of which bank development loans account for 14%, domestic and foreign bonds account for 9%, and non-standard financing accounts for 8%; The rest are mainly 30% of the upstream and downstream enterprises, 32% of the individual house payment in advance, and 7% of the taxes and fees delayed. " Zou Lan said at the press conference.

　　Real estate has a systematic impact on economic development and risk prevention and control. The Central Economic Work Conference made it clear that to effectively prevent and resolve major economic and financial risks, it is necessary to ensure the stable development of the real estate market, do a solid job in ensuring the delivery of buildings, people’s livelihood and stability, meet the reasonable financing needs of the industry, effectively prevent and resolve the risks of high-quality head housing enterprises, and improve the balance sheet.

　　Since 2022, in response to some adjustments in the real estate market, financial management departments have made efforts from both supply and demand to promote the smooth operation of the real estate market. With the gradual emergence of relevant policies, the financing environment of the real estate industry, especially high-quality housing enterprises, has improved significantly.

　　Zou Lan introduced that from September to November 2022, real estate development loans increased by more than 170 billion yuan, an increase of more than 200 billion yuan year-on-year. In the fourth quarter of 2022, domestic real estate corporate bonds issued more than 120 billion yuan, a year-on-year increase of 22%.

　　"Recently, many banks have signed a huge amount of strategic credit cooperation with real estate enterprises, but they are all thunder and rain." A person from the investment banking department of a brokerage firm who has been tracking the real estate sector for a long time said that banks may delay the landing on the grounds that the concentration of real estate loans has been relatively high. If the action plan is followed up, it may clear the way for financial institutions such as banks to provide support to the real estate industry.

　　Yuan Hao, an analyst in the real estate industry of Shenwan Hongyuan, believes that improving the "three lines and four files" rules for 30 pilot housing enterprises indicates that the scope of the "guarantee subject" will be further expanded, and the debt growth ceiling of the "four files" housing enterprises will be optimized, especially the green file housing enterprises may have more room for expansion at the debt end, and the subsequent green file housing enterprises will be more active in land acquisition and help the sales increase steadily.

　　Lian Ping, chief economist and dean of the research institute of Zhixin Investment, believes that in 2023, driven by stronger policies, the real estate market is expected to gradually step out of the "trough" in the second half of the second quarter, and key cities will take the lead in stabilizing and rebounding. The growth rate of real estate sales, land acquisition and investment throughout the year is marginally improved compared with that in 2022. At the same time, a series of factors such as improved demand, improved employment environment, accelerated repair of service consumption, increased support for boosting policies and low base will promote a significant rebound in social consumption.

　　Near the end of the year, many real estate projects started more discount promotion activities in order to withdraw funds as soon as possible, which triggered the dissatisfaction of some pre-purchase owners.

　　In this regard, the relevant government departments in different cities have given completely different responses, which are basically divided into two factions — —

　　Some government departments have recently stated that they will not interfere with the independent price adjustment of real estate, and some government departments in some cities still say that they will talk to real estate enterprises to avoid their price reduction behavior disrupting market order.

　　In fact, from the second half of 2021 to the first half of 2023, under the downward pressure of the property market, many real estate enterprises have tried to promote sales through price reduction, while many local governments will stabilize market prices through a paper "limit order".

　　An obvious change now is that the local government’s restrictions on the price reduction of new houses are being liberalized. Some experts told CBN that the "limit order" in some places has long been unbearable. In order to clear the warehouse and withdraw funds, housing enterprises will operate various names to secretly reduce prices and avoid the "limit order". The gradual cancellation of the "limit order" will help the market restore liquidity to a certain extent.

　　Two options

　　In the past month, new commercial housing in several hot cities began a new round of price reduction, which caused some owners’ dissatisfaction and complaints.

　　The First Financial Reporter saw at the "Hanshan Wenzhong" forum hosted by the Suzhou Municipal Government that some netizens complained recently that the price reduction rate of Poly Yunshang Streamer Project in Xiangcheng District of Suzhou was originally 20% off, and then it was directly reduced to 75% off, and the total price dropped from more than 2.2 million to 2.1 million yuan. "In less than two months, the price was reduced by 100,000 to 200,000 yuan." The netizen also questioned that there is such a large price reduction in the short term of the auction property, which may affect the delivery quality behind it.

　　Regarding this complaint, the Eighth Branch of Suzhou Xiangcheng District Market Supervision Administration responded: "The simple discount promotion behavior does not violate the relevant provisions of the People’s Republic of China (PRC) Price Law."

　　On the "Leadership Message Board" forum hosted by People’s Daily Online, there are many similar complaints.

　　Some netizens in Huizhou, Guangdong Province said on the "Leadership Message Board": "The developers of new houses in Daya Bay maliciously cut prices, and the market is completely chaotic, which will only be more unsalable." The netizen said that in the past, the price limit of new houses in Daya Bay should not exceed 10% on the basis of the filing price, and the discount on group purchase price should not be lower than 20%. However, many properties engaged in price competition, and the market showed a discount of 30% or even lower. "When the old owner bought a house, the interest rate was ridiculously high. The total interest was several hundred thousand yuan more than what he bought now. There was nowhere to complain, and the house had not been closed, and the house price lost several hundred thousand."

　　Regarding this netizen’s complaint, the Housing Management Bureau of Huizhou Daya Bay Economic and Technological Development Zone replied in November this year: "The problem of price reduction sales is a matter of independent market adjustment, which is determined by developers and enterprises according to the influence of market factors. Regarding preferential compensation and refund for check-out, we suggest that you can negotiate with the development enterprise according to the agreement signed by both parties. If negotiation fails, you can safeguard your legitimate rights and interests through legal channels. "

　　Judging from the above response, the attitude of the relevant departments in Xiangcheng District of Suzhou and Daya Bay Economic and Technological Development Zone of Huizhou is "returning the market to the market", and the government departments no longer interfere too much in the pricing of new houses.

　　However, other local government departments have different responses.

　　For example, on November 11th this year, a property buyer in Jiaxing, Zhejiang complained on People’s Daily Online’s "Leadership Message Board" that the local outstanding Xiuchen Huafu had drastically reduced its price, and the developer used the name of "Double Eleven" to significantly reduce the price and promote sales, and gave the buyer a huge discount of 200,000 yuan in cash by using internal employees to purchase their own houses and work to arrive at the house, which "seriously disrupted the new house market and harmed the interests of early buyers".

　　The Housing and Urban-Rural Development Bureau of Xiuzhou District, Jiaxing responded to this netizen, saying: Regarding this situation, our bureau has conducted an interview with the local government on the development enterprise, asking the enterprise to avoid the behavior that seriously disrupts the new house sales market, and at the same time, our bureau will further strengthen the quality and fund supervision of the project to ensure the normal project.

　　On November 22nd and 24th this year, many Chengdu residents reported on the online mass work platform in Sichuan Province that the price of the Poly COFCO Huguang Jinyun Project in the East New District of Chengdu was "maliciously reduced to disrupt the market", and the licensed price of the project was 15,000-17,000 yuan/square meter, but it was later sold at an average price of 9,000 yuan/square meter, with a drop of more than 40%.

　　The Management Committee of Chengdu East New District immediately responded that the Public Service Bureau of the district had verified the situation. The Huguang Jinyun project was suspected of disturbing the normal order of the real estate market due to excessive price fluctuations, and it was temporarily unable to apply for online signing and filing.

　　More than 20 cities have issued "limit orders"

　　Some cities began to relax the "limit" requirement for new houses, which is a new trend recently.

　　From the second half of 2021 to the first half of 2023, under the downward pressure of the property market, many properties tried to promote sales through price reduction, but they waited for a "limit order" from the local government.

　　According to incomplete statistics, at least 22 cities (or districts) including Heze, Shandong, Yueyang, Hunan, Kunming, Hebei, Tangshan, Shenyang, Liaoning, Jiangyin, Jiangsu and Zhuzhou, Hunan have issued relevant regulations, requiring new commercial housing not to be sold at a reduced price at will.

　　For example, in June 2022, many departments of Pingtan Comprehensive Experimental Zone in Fujian jointly issued the Notice on Further Standardizing the Order of Commercial Housing Sales Market in the Experimental Zone, which mentioned that when selling commercial housing, the actual sales price of real estate development enterprises should not exceed 15% of the filing price, and if it exceeds the prescribed range, it will not be filed for online signing.

　　In other cities, the limit of decline is even less, only 5% lower than the filing price. At the end of March, 2023, the Hefei Municipal People’s Government replied to the buyers in the "Leadership Message Board", saying: According to the Price Law, the Notice on Forwarding the Detailed Rules for the Implementation of the Provisions on Clearly Marking the Price of Commercial Housing in Anhui Province, and the General Office of Hefei Municipal Government’s Opinions on Further Promoting the Stable and Healthy Development of the Real Estate Market in Hefei, the price of commercial housing is regulated by the market, and the government price management department does not directly approve the price of commercial housing. Enterprises in accordance with the "one room, one price" for the record, according to the record price for publicity and external sales. The downward range of the actual sales price of commercial housing shall not exceed 5% of the filing price. If it exceeds 5%, it is necessary to re-apply for price change procedures through the "house price online filing system".

　　At that time, the Development and Reform Commission of Feixi County, Hefei ordered the company to suspend the sale at a reduced price, and it must re-apply for price change procedures before it can be listed for sale.

　　Suzhou, which has recently led the new trend of "relaxing the price limit of new houses", was punished for reducing the price of real estate just over half a year ago, which once triggered a heated discussion.

　　In May this year, two properties in Kunshan, Suzhou — — Mengzhiyue Garden Project and Shangbin Garden Project were punished by local government departments in Kunshan for "selling at a large price without authorization". The two projects were required to be rectified immediately, and the online sign was temporarily closed. "Bad behavior" was recorded in the annual credit file.

　　Expert: canceling the "limit order" is conducive to market liquidity.

　　“‘ Limit the decline ’ Or ‘ Insured price ’ This is a difficult multi-party game. " A senior person from a large real estate company in East China told the First Financial Reporter.

　　The source said that many real estate developers who have worked for a long time have experienced the cycle of real estate price increase. At that time, it was easy to sell houses, and customers would come to the door themselves. The marketing department also had to introduce various rules to screen customers. He believes that the real estate project will eventually come to the step of drastically reducing prices and promoting sales, which is bound to be a helpless move. "The project may have faced long-term unsalable sales, or the group may have difficulties in funds, and issued instructions to quickly destock and withdraw funds. This is the market difference and the effect of the superposition of problems in the capital chain of housing enterprises."

　　"Generally speaking, in a region, several projects on sale at the same time are competing products. In this market environment, it is possible for the first to cut prices to run first, attracting customers who are interested in buying houses in the region, and the remaining projects are very difficult to do. There is basically no market with no price reduction. If you follow the trend of price reduction, the market atmosphere will be worse and a vicious circle will occur." He said.

　　For some places, the price reduction of housing enterprises is no longer restricted. He believes that in the past, most local governments had the idea of "stabilizing housing prices and stabilizing land prices", so they will control the price of new houses to remain stable. However, if the "limit order" has been implemented for a long time, the market has not improved, and local governments will consider handing over prices to the market for regulation.

　　Regarding the relaxation of the price limit of new houses, a salesperson of a first-tier real estate enterprise in Suzhou told reporters: "The first ones that drastically cut prices are the ones that are just needed. Customers are very sensitive to prices, and the price reduction strategy is more effective for them. However, for improved real estate, the price is difficult to drop, and price reduction means lowering the standard, so the situation of quality real estate in this environment is rather embarrassing. "

　　The source said that as far as she knows, some housing enterprises are facing serious capital turnover problems by the end of the year, and there is no better way to inform subsidiaries to clear their positions and withdraw funds as soon as possible.

　　Lu Wenxi, a senior analyst of Zhongyuan Real Estate, believes that although many places have issued "limit orders" in the past, after a long time, everyone found that "limit orders" could not really control the price reduction behavior of housing enterprises. "For example, some local governments stipulate that the discount rate of real estate should not exceed 15% of the filing price. Although real estate enterprises claim not to discount in actual operation, there are many other names, such as sending property management fees for several years, sending parking spaces, and even sending gold and cash to real estate enterprises. In fact, the limit order has already been ‘ In name only ’ 。”

　　For many homeowners who have complained about the sharp price cuts of real estate enterprises, Lu Wenxi believes that buyers need to have the spirit of contract and be responsible for their own investment behavior.

　　"After buying a house, the owner found that the house price has fallen and asked the government not to let the developer reduce the price. This request is unreasonable. The local government’s protection of the rights and interests of buyers should be reflected in urging housing enterprises to ensure that the houses are delivered on time and in good quality, instead of going to ceiling price. " Lu Wenxi told the First Financial Reporter.

　　He believes that many local governments have liberalized the price of new houses in order to maintain the liquidity of the real estate market. "If we blindly limit the price reduction of real estate enterprises, the market will be completely illiquid and completely frozen, but it will bring more problems and contradictions. Therefore, at this stage, we should let the market play its price adjustment mechanism and let the transaction volume climb up, so that the real estate sales end can recover."

National Covid-19 vaccine

The vaccination work is being carried out in an orderly manner.

Recently,

When some citizens went to vaccinate, they found that,

A bottle of vaccine can be used by two people,

Is it the wrong number?

Is this standard operation?

On May 11th, Guangdong CDC responded: Don’t worry! This is a two-person packaged COVID-19 vaccine that has just come on the market, and one bottle can be used by two people.

△ Xinhua News Agency reporter Chen Zeguo photo

What is a two-person package?

COVID-19 vaccine?

Two-person package means that one vaccine can inoculate two people, and each bottle is 1.0 ml (dosage for two people), and the dosage for each person is 0.5ml. The vaccine packaged for 2 people is exactly the same as the vaccine packaged for 1 person, except that the packaging color and filling dose are different, which does not affect the individual vaccination effect.

In fact, many vaccines are packaged in multiple doses. For example, the BCG vaccine vaccinated in obstetrics at birth is packaged in five doses, the live attenuated polio vaccine (drops) in children’s immunization program is packaged in ten doses, the group A meningococcal vaccine vaccinated at the age of six months is packaged in five doses, and the diphtheria vaccine vaccinated at the age of six is packaged in four doses.

Therefore, whether it is the vaccination effect of the vaccine or the doctor’s operation technology, everyone does not need to worry, and can be vaccinated with confidence.

△ Source: Xinhua News Agency

2-person packaged vaccine

What are the advantages?

Vaccine supply guarantee is the key factor to actively and steadily promote vaccination in Covid-19. At present, the production capacity of Covid-19 vaccine in China is greatly influenced by filling and packaging. With the approval of relevant state departments, COVID-19 vaccine manufacturers will successively produce a single COVID-19 vaccine packaged for two people.

Two-person packaging can improve the production efficiency and supply of vaccines, so that more people can get vaccinated as soon as possible, especially suitable for large-scale vaccination at present.

2-person packaged vaccine

Do you want two shots, too?

Like the vaccination procedure for a single dose, the vaccine packaged for two people needs to be vaccinated twice in the whole process, and the interval between the two doses is suggested to be greater than or equal to 3 weeks (21 days), and the second dose should be completed as soon as possible within 8 weeks (56 days).

The first shot was a single shot,

Can the second injection be used for two people?

The Guangdong Provincial Center for Disease Control and Prevention said that it can be vaccinated. At present, all Covid-19 vaccines used in Guangdong are inactivated vaccines. If the first shot is inactivated vaccine, no matter whether the manufacturer is Beijing Kexing or China Bio, two doses of inactivated vaccine can be selected for the second shot.

△ Source: Xinhua News Agency

At present,

The national cumulative report of vaccination against Covid-19 vaccine.

It has exceeded 300 million doses!

However, on May 8th, Zhong Nanshan, an academician of China Academy of Engineering, said by video that China, as a populous country, has withstood the first stage of the epidemic since the COVID-19 epidemic occurred more than a year ago, but it can’t be ignored. "Now the global epidemic situation is still very grim, and the vaccination rate of China vaccine is still not high, which is far from universal immunization, so we still need to attach great importance to it and guard against the risk of importing the epidemic."

At present, the global epidemic situation in COVID-19 has not ended, and some countries have even lost control of the epidemic situation. We are always exposed to the risk of the epidemic situation and are always affected by imported cases. Therefore, timely vaccination is the safest, most efficient and most economical way to realize group immunity.

Five Domestic COVID-19 Vaccines

Approved conditional listing or emergency use

Beijing Bio-COVID-19 Vaccine, a national medicine, stands out from the encirclement and is the first to be certified by the World Organization. It is also the only inactivated vaccine among the six approved vaccines.

At the beginning of the epidemic, China laid out five technical routes for vaccine research and development: inactivated vaccine, adenovirus vector vaccine, gene recombination vaccines, attenuated influenza virus vector vaccine and nucleic acid vaccine. At present, three Covid-19 vaccines produced by five manufacturers have been approved for conditional marketing or emergency use.

Three kinds of inactivated vaccines

It was produced by Sinopharm Group China Bio-Beijing Institute of Biological Products Co., Ltd. (Beijing Institute), Wuhan Institute of Biological Products Co., Ltd. (Wuhan Institute) and Beijing Kexing Zhongwei Biotechnology Co., Ltd. (Kexing Zhongwei) respectively. The main principle is to use African green monkey kidney (Vero) cells to culture and amplify the virus, inactivate the virus by β-propiolactone, retain antigen components to induce immune response, and add aluminum hydroxide adjuvant to improve immunogenicity. The vaccine needs 2 doses, and the interval between the two doses is recommended to be ≥3 weeks, and the second dose should be completed as soon as possible within 8 weeks.

An adenovirus vector vaccine

Produced by Kangxinuo Bio-Co., Ltd., the principle is to recombine the spike glycoprotein (S protein) gene of the new coronavirus into the replication-deficient human adenovirus type 5 gene, and the recombinant adenovirus expresses Covid-19 S protein antigen in vivo to induce immune response, and the vaccine only needs one dose.

A recombinant subunit vaccine

Produced by Anhui Zhifeilong Kema Biopharmaceutical Co., Ltd., the principle is to recombine the new coronavirus S protein receptor binding region (RBD) gene into China hamster ovary (CHO) cell gene, express it in vitro to form RBD dimer, and add aluminum hydroxide adjuvant to improve immunogenicity.

The vaccine needs 3 doses, and the interval between two adjacent doses is recommended to be ≥4 weeks. The second dose should be completed within 8 weeks after the first dose, and the third dose should be completed within 6 months after the first dose.

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Original title: "One COVID-19 vaccine hits 2 people, is it wrong? Guangdong CDC responded! 》

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Yinfa [2016] No.261

China People’s Bank Shanghai Headquarters, branches, business management departments, city center branches of provincial capitals, and Shenzhen center branch; China Development Bank, policy banks, state-owned commercial banks, joint-stock commercial banks and China Postal Savings Bank; China UnionPay Co., Ltd., China Payment and Clearing Association; All non-bank payment institutions:

　　In order to effectively prevent new types of illegal crimes in telecommunication networks and effectively protect people’s property safety and legitimate rights and interests, relevant matters concerning strengthening payment and settlement management are hereby notified as follows:

　　First, strengthen the management of real-name account system

　　(1) Comprehensively promote the classified management of individual accounts.

　　1. Personal bank settlement account. Since December 1, 2016, if a banking financial institution (hereinafter referred to as a bank) opens a bank settlement account for an individual, the same person can only open a Class I account in the same bank (taking a legal person as the unit, the same below), and has already opened a Class I account. If a new account is opened, a Class II account or a Class III account shall be opened. If a bank charges off-site handling fees for off-site deposit and withdrawal, transfer and other services within the bank, it shall be free within three months from the date of promulgation of this notice.

　　If an individual opens more than one Class I account in the same bank before November 30, 2016, the bank shall clean up the situation of a large number of accounts opened by the same depositor and ask the depositor to make an explanation to verify the rationality of his account opening. If it is impossible to verify the rationality of opening an account, the bank should guide depositors to cancel or merge their accounts, or take measures such as reducing the category of accounts, so that depositors can use the account classification mechanism to deposit funds reasonably and protect the safety of funds.

　　2. Personal payment account. Since December 1, 2016, if a non-bank payment institution (hereinafter referred to as the payment institution) opens a payment account for an individual, the same person can only open a Class III account in the same payment institution. The payment institution shall complete the clearing of existing payment accounts before November 30, 2016, contact the account holder to confirm the accounts that need to be kept, and reduce the category management or merge the remaining accounts; If the account holder fails to confirm the account within the specified time, the payment institution shall keep the account with high frequency of use and large amount, and can make changes according to its application later.

　　(2) Suspending the business of all accounts under the name of the account holder involved. Since January 1, 2017, if the bank account and payment account used by criminals to carry out new illegal crimes in the telecommunication network have been identified by the public security organs at or above the municipal level and included in the list of "accounts involved" in the risk event management platform for new illegal and criminal transactions in the telecommunication network, banks and payment institutions will suspend all business of the account.

　　Banks and payment institutions shall notify the account holder involved to re-verify his identity. If he fails to re-verify his identity with the bank or payment institution within 3 days, he shall suspend off-counter business for other bank accounts under the account holder’s name, and suspend all business for the payment account. After the bank and payment institution re-verify the identity of the account holder, they can resume other account businesses except the account involved; If the account holder confirms that the account has been opened under another person’s false name, he shall issue a statement to the bank and payment institution that the account has been opened under a false identity and agrees to cancel the account, and the bank and payment institution shall cancel the account.

　　(3) establishing a disciplinary mechanism for buying and selling bank accounts and payment accounts, and opening accounts under false names. Since January 1, 2017, banks and payment institutions have suspended the off-counter business of bank accounts and all the business of payment accounts for the units and individuals who have been identified by the public security organs at or above the municipal level with districts as renting, lending, selling or purchasing bank accounts (including bank cards, the same below) and related organizers, and the units and individuals who have opened bank accounts or payment accounts under the guise of other people’s identities or fictitious agency relationships for three years. The People’s Bank of China will transfer the information of the above-mentioned units and individuals to the basic database of financial credit information and announce it to the public.

　　(four) to strengthen the punishment of false accounts. When a bank handles the account opening business, it finds that an individual has opened an account by using someone else’s identity, and it shall report the case to the public security organ in time and hand over the identity certificate that has been used fraudulently to the public security organ.

　　(5) Establish a prudent verification mechanism for unit account opening. Banks and payment institutions are not allowed to open accounts for units that are listed in the "list of serious illegal and untrustworthy enterprises" by the national enterprise credit information publicity system and verified by banks and payment institutions that the registered address of the unit does not exist or that the business premises are fictitious. Banks and payment institutions should check whether the enterprise is a serious illegal enterprise at least quarterly. If the situation is true, they should suspend their business within 3 months and gradually clean up.

　　Banks and payment institutions should strengthen the verification of the unit’s willingness to open an account if there are abnormal situations such as the legal representative or responsible person’s unclear business scale and business background of the unit, and the registered place and business place are in different places. The bank shall sign the face-to-face with the legal representative or responsible person and keep the video and audio materials, etc. In principle, the non-counter business will not be opened at the initial stage of account opening, and it will be cautiously opened after further understanding. The payment institution shall keep the video and audio materials when the legal representative or person in charge of the unit opens an account.

　　When a payment institution opens a payment account as a unit, it shall refer to Article 17, Article 24 and Article 26 of the Measures for the Administration of RMB Bank Settlement Accounts (promulgated by Order No.5 of the People’s Bank of China [2003]), require the unit to provide relevant supporting documents, and independently or entrust a cooperative institution to verify the identity of customers face to face, or conduct multiple cross-verification on the basic information of the unit through at least three legal and safe external channels in a non-face-to-face manner. For the unit that has opened a payment account before the date of issuance of this notice, the payment institution shall verify its identity according to the above requirements before the end of June 2017, and may not open a new payment account for it before the verification is completed; If the verification is not completed within the time limit, the payment account will only accept and not pay. After the payment institution completes the verification, it will report the relevant information to the branch of the People’s Bank of China where the legal person is located.

　　Payment institutions should strengthen the monitoring of capital transactions and continuous customer management in using personal payment accounts to carry out business activities.

　　(six) to strengthen the audit of abnormal account opening behavior. In any of the following circumstances, banks and payment institutions have the right to refuse to open an account:

　　1. There are doubts about the identity information of the units and individuals, and the units and individuals refuse to show their auxiliary certificates.

　　2. Units and individuals organize others to open accounts at the same time or in batches.

　　3. There are obvious reasons to suspect that opening an account is engaged in illegal and criminal activities.

　　Banks and payment institutions should strengthen the monitoring of account trading activities. For accounts with no transaction records within 6 months from the date of opening an account, banks should suspend their off-counter business, payment institutions should suspend all their business, and banks and payment institutions can resume their business after re-verifying their identities with units and individuals.

　　(seven) strictly contact the corresponding relationship between the telephone number and the ID number. Banks and payment institutions shall establish a one-to-one correspondence between the contact telephone number and the number of personal identity documents, investigate and clean up the situation that many people use the same contact telephone number to open and use accounts, and contact relevant parties for confirmation. For adults to represent minors or the elderly to open an account and reserve their own contact telephone number, the relevant parties can keep it unchanged after issuing instructions; If the unit opens an account in batches and reserves the contact telephone number of financial personnel, it shall be changed to the contact telephone number of the account owner himself; If the rationality cannot be proved, the non-counter business shall be suspended in the relevant bank account, and all business shall be suspended in the payment account.

　　Second, strengthen transfer management

　　(8) Increase transfer methods and adjust transfer time. Since December 1, 2016, banks and payment institutions shall implement the following provisions when providing transfer services:

　　1. Provide depositors with a variety of transfer methods, such as real-time account arrival, ordinary account arrival and next-day account arrival, and depositors can only handle business after selecting them.

　　2. In addition to transferring money to my peer account, if an individual transfers money through self-service teller machines (including other self-service devices with deposit and withdrawal functions, the same below), the issuing bank will handle the fund transfer after 24 hours of acceptance. Within 24 hours after the issuing bank accepts the transfer, the individual may apply to the issuing bank for cancellation of the transfer. The accepting bank shall clearly indicate the processing time and revocable provisions of the transfer business in the acceptance result interface.

　　3. If the bank handles the transfer business for individuals through self-service teller machines, it shall add Chinese voice prompts, and set anti-fraud reminders through words, signs, pop-ups and so on; The non-Chinese prompt interface shall provide Chinese prompts for core key fields such as fund transfer. If it is impossible to prompt, no transfer shall be provided.

　　(9) Strengthen the management of off-counter bank transfers. Since December 1, 2016, when a bank opens a non-counter transfer business for depositors, it shall sign an agreement with depositors to stipulate the daily cumulative limit, the number of transactions and the annual cumulative limit for the transfer of non-counter channels to different bank accounts and payment accounts. If the limit and the number of transactions are exceeded, it shall be handled at the bank counter.

　　In addition to transferring money to my peers’ accounts, banks handle off-counter transfer business for individuals. If the accumulated amount in a single day exceeds 50,000 yuan, safe and reliable payment instruction verification methods such as digital certificates or electronic signatures shall be adopted. If the single-day cumulative amount of non-counter transfer in a bank account of a unit or individual exceeds 1 million yuan and 300,000 yuan respectively, the bank shall remind the unit or individual of the large transaction before the transfer can be made.

　　(ten) to strengthen the management of payment account transfer. Since December 1, 2016, when a payment institution opens a payment account for a unit or individual, it shall sign an agreement with the unit or individual to stipulate the daily cumulative transfer limit and the number of transactions between the payment account and the payment account and between the payment account and the bank account. If it exceeds the limit and the number of transactions, it shall not handle the transfer business again.

　　(eleven) to strengthen the transaction background investigation. If banks and payment institutions find that there are a large number of transfer-in and transfer-out transactions in their accounts, they should investigate the transaction background of units or individuals in accordance with the principle of "know your customers". If any abnormality is found, relevant services provided to units and individuals shall be adjusted according to the principle of prudence.

　　(twelve) to strengthen the fund settlement management of special merchants. When banks and payment institutions provide T+0 fund settlement services for special merchants, they shall strengthen transaction monitoring and risk management for special merchants, and shall not provide T+0 fund settlement services for special merchants who have been online for less than 90 days or have been trading normally for less than 30 days.

　　Third, strengthen the management of bank card business

　　(thirteen) strictly review the qualifications of special merchants and standardize the management of accepting terminals. No unit or individual may buy or sell POS machines (including MPOS), credit card readers and other acceptance terminals online. Banks and payment institutions shall conduct on-site inspections on all entity special merchants, and check the use locations of their acceptance terminals one by one. The business function will be stopped for accepting terminals that are illegally transferred and cannot confirm the actual place of use. Banks and payment institutions shall form inspection reports for future reference before November 30, 2016.

　　(fourteen) to establish and improve the information management system and blacklist management mechanism of special merchants. China Payment and Clearing Association and bank card clearing institutions shall establish and improve the information management system of special merchants, and organize banks and payment institutions to record the basic information of special merchants, the start and termination of services, and the compliance risk status in detail. Banks and payment institutions shall prudently provide services to the same special merchants or special merchants controlled by the same person who repeatedly change service institutions and other abnormal situations.

　　China Payment and Clearing Association and bank card clearing institution shall establish and improve the blacklist management mechanism of special merchants, and blacklist the special merchants whose services have been terminated by banks and payment institutions due to major violations, their legal representatives or responsible persons, special merchants and related individuals identified by public security organs as facilitating the transfer of illegal and criminal activities, and units and individuals with trading accounts identified by public security organs. China Payment and Clearing Association shall transfer the blacklist information to the basic database of financial credit information. Banks and payment institutions shall not expand the blacklisted units and units with relevant individuals as legal representatives or responsible persons into special merchants; If it has been expanded into a special merchant, it shall be retired within 10 days from the date when the special merchant is blacklisted.

　　Fourth, strengthen the monitoring of suspicious transactions

　　(fifteen) to ensure that the transaction information is true, complete and traceable. When a payment institution cooperates with a bank to carry out bank account payment or collection business, it shall strictly implement the Administrative Measures for Bank Card Receipt Business (promulgated by Order No.9 [2013] of the People’s Bank of China) and the Administrative Measures for Online Payment Business of Non-bank Payment Institutions (promulgated by Announcement No.43 [2015] of the People’s Bank of China) to ensure the authenticity, integrity and traceability of transaction information and the consistency in the whole payment process. Banks and payment institutions shall complete the system transformation in accordance with the technical standards of financial industry related to online payment messages before March 31, 2017. If the transformation is not completed within the time limit, the relevant business shall be suspended.

　　(16) Strengthen account monitoring. Banks and payment institutions shall strengthen the monitoring of bank accounts and payment accounts, and establish and improve the monitoring model of suspicious transactions. Accounts and their fund transfers with the characteristics of suspicious transactions such as centralized transfer to decentralized transfer (see Annex 1 for details) shall be included in suspicious transactions.

　　For accounts listed in suspicious transactions, banks and payment institutions shall verify the transactions with relevant units or individuals; If the bank and payment institution still consider the account suspicious after verification, the bank shall suspend the off-counter business of the account, and the payment institution shall suspend all business of the account, and submit suspicious transaction reports or key suspicious transaction reports in accordance with the regulations; Anyone suspected of violating the law or committing a crime shall report to the local public security organ in time.

　　(seventeen) to strengthen the monitoring of suspicious transactions in payment and settlement. China Payment and Clearing Association and bank card clearing institutions shall, according to the suspicious transactions provided by public security organs, banks and payment institutions, construct a suspicious transaction monitoring model and publish it to banks and payment institutions.

　　Five, improve the emergency stop payment and quick freezing mechanism.

　　(eighteen) straighten out the working mechanism, access to the new illegal and criminal transaction risk event management platform of telecommunication network on schedule. Before November 30, 2016, the payment institution shall straighten out the workflow of assisting the competent authority to inquire, stop payment, freeze and deduct; Realize the query of account information and transaction flow, as well as account stop payment, freezing and deduction; Designate a special person to be responsible for assisting in the inquiry, payment suspension, freezing and deduction, and shall not shirk or delay. Banks and payment institutions engaged in online payment shall, in accordance with the relevant requirements, complete the development and transformation of the core system of their own units on time, and all of them will be connected to the new risk event management platform of illegal and criminal transactions in the telecommunication network before the end of 2016.

　　Six, increase the crackdown on unlicensed institutions.

　　(nineteen) to dispose of unlicensed institutions according to law. Branches of the People’s Bank of China shall make full use of the special risk rectification mechanism of payment institutions, strengthen cooperation with local governments, industrial and commercial departments, and public security organs, promptly issue administrative confirmation opinions on illegal fund payment and settlement, intensify the crackdown on unlicensed institutions, and dispose of a number of unlicensed operating institutions as soon as possible according to law. The Shanghai headquarters of the People’s Bank of China, all branches, business management departments, and city center branches of provincial capitals shall fill in the Work Schedule for Special Renovation of Unlicensed Payment Business on a monthly basis (see Annex 2) and report the work progress in their respective jurisdictions to the Head Office.

　　Seven, the establishment of accountability mechanism.

　　(twenty) strict punishment, the implementation of accountability. Branches, banks and payment institutions of the People’s Bank of China shall perform their duties and ensure that the work of cracking down on new types of illegal crimes in telecommunications networks has achieved practical results.

　　Where a new type of illegal and criminal case of telecommunication network occurs, the implementation of the responsibilities of banks and payment institutions should be investigated. Banks and payment institutions that violate the relevant systems and the provisions of this notice shall be punished in accordance with the relevant provisions; If the circumstances are serious, the People’s Bank of China shall be punished according to the provisions of Article 46 of the Law of the People’s Republic of China on the People’s Bank of China, and may take regulatory measures to suspend the opening of new accounts and handle payment business for one month to six months.

　　Where the supervision responsibility of the branches of the People’s Bank of China is not implemented, resulting in the failure of banks and payment institutions within their jurisdiction to perform their duties effectively, and the public has suffered serious financial losses in the new illegal and criminal activities of telecommunications networks, resulting in adverse social impacts, the branches of the People’s Bank of China should be held accountable.

　　Branches of the People’s Bank of China, banks, payment institutions, China Payment and Clearing Association and bank card clearing institutions shall report the implementation of this notice to the head office of the People’s Bank of China and fill in relevant statistical tables (see Annex 3 for specific submission methods and contents).

　　The Shanghai Headquarters of the People’s Bank of China, branches, business management departments, provincial capital city sub-branches and Shenzhen city sub-branches are requested to forward this notice to city commercial banks, rural commercial banks, rural cooperative banks, village banks, urban credit cooperatives, rural credit cooperatives and foreign banks within their respective jurisdictions in a timely manner.

　　All units in the implementation of any problems, please report to the people’s bank in a timely manner.

People’s Bank of China

September 30, 2016

1905 movie network news　The film Midnight Food Store, which will be released nationwide on August 30th and directed by Tony Leung Ka Fai for the first time, today released a behind-the-scenes special edition of "Master as a Cloud", which revealed the identity of the master of the stars. The uncle who cooks in the canteen is actually the film director Tony Leung Ka Fai, obviously Vision Wei, who is a taxi driver and also a part-time mechanic. Yang Shining, an amateur boxer, pays attention to his career and love, while Eddie Peng Yuyan, a fitness coach, teaches people to fight boxing without lifting iron. … … Seemingly ordinary people have unusual master skills, only to stay in Midnight Food Store to stage strength tricks. The tidbits and stills exposed at the same time truly show the behind-the-scenes state of the stars’ dedicated preparation for the play, and the degree of professionalism can be seen.

The film is adapted from the Japanese comic book of the same name in Misaki Arai, starring Tony Leung Ka Fai, Vision Wei, Junyan Jiao, Zheng Xinyi, Zhang Yishang, Jin Shijia, Jin Yanling, Feng Cuifan, Zhang Li, Liang Jingkang, Du Yuchen and Wang Jingwen, with Deng Chao as the special star, Yang Youning, Peng Yuxi, Liu Tao, Zhang Yibai, Chen Jianzhou, Hao Ping, Jiang Wenli and Wu Ting.

　

Master Diners Fancy Skills Exhibition, multi-faceted stars, super-dedicated, trying to figure out the details, "colorful and tasteful" crew

Since the official announcement of the film "Midnight Food Store", every release of materials has tried to bring warmth and encouragement to the audience, but this special edition of "Master as a Cloud" has aimed the camera behind the scenes, showing all the "colorful flavor" of the crew. Vision Wei plays a taxi driver in Tang and Song Dynasties, and learned auto repair for a living; Yang Shining starred as an amateur boxer, open source, a muscle to engage in career, but also part-time love; Eddie Peng Yuyan plays a fitness instructor, but he still needs to play in person … … Every ordinary diner who visits Midnight Food Store bears multiple "master" identities, and the change of identities is a challenge to acting skills, and the handsome appearance displayed by the strong bodies of the actors greatly enhances the good-looking "chroma" of the film.

This time, in addition to showing the many faces of the characters in the film in more detail, the tidbits and stills exposed at the same time will also disclose the real state behind the scenes of the main creators. Vision Wei, who followed the director and carefully tried to figure out the deductive method, was extremely focused; Yang Shining, who is doing push-ups in the boxing ring for drama exercise, is sweating all over; Eddie Peng Yuyan, staring at the video, looked serious with his head down … … Serious faces are enough to show the dedication of the actors. The story can arouse the audience’s emotions by strong contradictions and conflicts, but the actual feeling of "warmth" needs to be conveyed by details again and again. In order to figure out the details, the actors constantly adjust their deductive methods behind the scenes, striving to present the most natural screen state and bring the "flavor" of the film to the extreme.

Tony Leung Ka Fai studio personally tried to train the actors, and the big coffee in the entertainment circle helped out.

Midnight Food Store is the first film directed by Tony Leung Ka Fai. In order to better present the content of the film, Tony Leung Ka Fai, as a director, relies on many years’ experience in interpretation, and personally performs every audition, and splits the details for the actors’ guidance. In the special video, whether you are in the dining hall, explaining the deductive methods with Vision Wei and Zhang Yi again and again, or giving a demonstration in the boxing ring and bringing Yang Shining into the play, all of them show the seriousness and dedication of Tony Leung Ka Fai after his identity has changed into a director, while Tony Leung Ka Fai’s unpretentious and approachable way of treating people has attracted more entertainers to join us.

Through the special edition, we can see that Jin Yanling, Feng Cuifan, Jiang Wenli and other powerful actors in the industry have all played heavily, while in the tidbits, we are even more surprised to find the figure of the famous director Zhang Yibai, and the two directors, Tony Leung Ka Fai and Zhang Yibai, have joined forces to pose as boxers, which shows the deep relationship between the two directors. However, after filming in Eddie Peng Yuyan studio, we joked that we should "pay the tuition fee at the front desk", which also showed the relaxed and harmonious shooting atmosphere in the studio intuitively. It is precisely because of the warm atmosphere naturally formed between people in the crew that the film characters get along with each other more warmly, so that the audience can finally get peace of mind at the moment of watching movies.

The movie "Midnight Food Store" will be released nationwide on August 30th, 2019, waiting for you.

When Lu Chenhui was 16, he was only a security guard.

He stands in his post every day, watching people come and go, but what he thinks in his heart is: "I am standing here as a security guard now, but I can’t be a security guard all my life. I will go to the gym after work, because that is my future."

From the age of 14, Lu Chenhui fell in love with fitness. He firmly believes that he will become a bodybuilder. Therefore, when he was a security guard, no matter how tired he was when he stood guard at work, he would go to the gym for strength training as soon as he got off work.

While working and exercising, Lu Chenhui persisted for six years. In a bodybuilding competition in Jiangsu Province in 2008, Lu Chenhui won the first championship in his life. Since then, he has become a minor celebrity in the bodybuilding circle, and often shares training methods in post bars and forums, accumulating the first batch of fans.

Under the long-term bodybuilding training, Lu Chenhui’s body has become shoulder-wide, waist-thin and muscular, and it is difficult to find clothes that fit in the market-which is also a common pain point for fitness people.

Lu Chenhui, founder of BODYDREAM

Therefore, Lu Chenhui founded the sportswear brand BODYDREAM in 2015 to meet the needs of the fitness crowd, and integrated his aesthetic concept of the trend into the brand. "The meaning of BODYDREAM is to pursue the dream of the body. On the one hand, it represents the sport of fitness. On the other hand, it also means that everyone can persist in action on the road of pursuing their dreams by controlling their own bodies." Lu Chenhui said.

Starting: from "wage earners" to entrepreneurs

When Lu Chenhui was still working, he invested most of his income in bodybuilding.

Because bodybuilding is a competitive sport that needs a lot of money, besides a lot of training, athletes have to supplement high-quality protein every day to increase their muscles, as well as buying equipment, hiring coaches, playing games and other large expenses. Lu Chenhui bluntly said: "Others think that bodybuilding is a profitable thing, but it is actually a hobby that needs money to support."

In order to earn more money to improve bodybuilding performance, Lu Chenhui began to try to start a business in 2013. He opened a Taobao shop, specializing in fitness supplements and fitness equipment, and double 11 sold 1000 yuan that day, which was a lot for him at that time. Later, according to the different needs of fitness crowd, he founded three sportswear brands: BODYDREAM, BDPOWERUP and Lujiamen.

At the same time, Lu Chenhui’s bodybuilding road has gradually reached its peak. In order to win the championship in more heavyweight competitions, Lu Chenhui once spent 600,000 yuan to invite foreign star coach Milos.During these two months of "devil training", Lu Chenhui will do seven groups of movements at a time, without any rest, and train for more than 8 hours every day. Although he will burst into tears because of extreme fatigue, he will persist with willpower.In 2018, Lu Chenhui won the overall championship of golden league Men’s Bodybuilding Professional Indifference Group, and he was also the only China player in this group.

Lu Chenhui’s training photo

That year, Lu Chenhui was only 30 years old and finally realized his dream. On this road of persisting in love, he changed from a "small security guard" to "China’s first muscular beast" and from a "wage earner" to a successful entrepreneur.

At present, there are three brands under Lu Chenhui’s name, namely BODYDREAM, BDPOWERUP and Lujiamen. Among them, BODYDREAM is the most well-known brand, with annual revenue exceeding 100 million yuan.

In the early days of BODYDREAM’s business, Lu Chenhui only had a starting capital of 5,000 yuan, and the team only had himself and his wife. In the living room at home, they established the brand of BODYDREAM.

Because of limited funds, they can only find small-scale factories to customize clothes. Lu Chenhui recalled: "We took a bus and went to a garment factory in the suburbs of Xuzhou. The garment factory was also an entrepreneur, so it also supported customers like us. They helped us make nearly 200 T-shirts, and they were also very careful in material selection and production. "

After Lu Chenhui got the first batch of clothes, he and his wife worked as Taobao customer service at home and packed and delivered them themselves. At first, Taobao shop didn’t have much sales, and it sold one or two pieces a day. However, with the continuous promotion of Lu Chenhui on his social media, he gradually accumulated the earliest users, that is, paying attention to his fans and fitness enthusiasts.

BODYDREAM, which started with Lu Chenhui’s personal IP, has encountered great limitations in brand development-mainly spread in the fitness circle.

At this time, a young man in the team put forward the idea of brand transformation: "Maybe it can make BODYDREAM develop in the direction of leisure sports."

He is Li Ang, the current operation director of BODYDREAM. In 2017, Li Ang joined the BODYDREAM team. As a young man who just graduated, Lu Chenhui saw many possibilities from him. "Now young people are very advanced in thinking. Although they don’t have much work experience, they can inject fresh blood into the brand and break the inherent thoughts and limitations." Lu Chenhui said.

Growth: annual revenue exceeds 100 million yuan.

Because of the fresh blood in the team, BODYDREAM began to break through its original position and gradually transformed from fitness clothing to sports and leisure clothing.

Since 2016, Lu Chenhui has started to operate his personal IP and brand image separately. Since then, BODYDREAM has no longer interacted frequently with Lu Chenhui’s personal IP, but chose to cooperate with KOL to create some co-branded models and expand the brand’s popularity to the general public. Not only that, BODYDREAM is also worn by many stars.

The brand positioning of BODYDREAM now is a simple and pragmatic sports and leisure brand, and simplicity and practicality is the main direction of BODYDREAM product development.; The target users of BODYDREAM have gradually expanded from the early fitness crowd to young people who love fashion culture, and the proportion of female users has also increased from 4% to about 30%.

"Nowadays, many people are tired of printing on clothes, and prefer simple and practical basic models. However, the basic models often lack a sense of design, so we want to add design elements such as patterns, fabrics and crafts to the simple style to make the clothes’ simple but not simple’, "Lu Chenhui said. This style is more attractive to young people who pursue low-key and exquisite details.

At present, BODYDREAM’s clothing is divided into four series: one is the classic series focusing on leisure; The second is the sports series; The third is the B+ series, focusing on mid-to high-end products; The fourth is the special planning series, focusing on IP joint-name products.BODYDREAM’s clothing spans 7 yards, covering the body shapes from 90 kg to 300 kg, and the design of shoulder drop in some products has a decorative effect on many body shapes.Lu Chenhui said: "This design can well modify the lines of shoulders, so that people with strong bodies are not fat, and thin people are more tall and straight."

When the sales of clothes continued to rise, Lu Chenhui expanded the supply chain of BODYDREAM to Guangzhou, Wuxi and other places, and built a factory in Xuzhou in 2018, with an annual production capacity of 300,000 pieces. "At present, our factory is fully automatic equipment, and we also control it very strictly in product quality control. For example, if the national standard requires testing whether a garment is pilling, it is necessary to test 600 revolutions with a professional machine, and we ourselves require testing 2000 revolutions internally." Lu Chenhui said.

The sales channel of BODYDREAM has also expanded from the initial Tmall store to JD.COM, Dewu, Tik Tok, Vipshop and other e-commerce platforms. At present, the best-selling platform is Tmall, which can sell about 500,000 pieces every year. Last year, the total revenue of BODYDREAM exceeded 100 million yuan.

At the end of the interview, Lu Chenhui shared that fans once asked him how he could stick to his goals.

He said: "Everyone has a vision of what he wants to be, but it can’t be achieved by fantasy. You need to take action.Although we work hard every day, don’t let that thing in your heart disappear. Even if you spend an hour every day, take action and plan for your future.Maybe after five years, you won’t have to go to work or get off work, but you can pursue what you really want to do. At that time, you already have this ability. "

This article is original for the entrepreneurial state and may not be reproduced without authorization, otherwise the entrepreneurial state will reserve the right to pursue legal responsibility against it. If you need to reprint or have any questions, please contact editor@cyzone.cn.

　　　　The price of gold is soaring, and the variety of gold investment is increasing-

　　　　Recently, the international gold price has been leaping forward, approaching the historical high point in 1980. With the increase of gold investment varieties, investors are easy to "picky" while choosing a wider range. The reporter specially interviewed some representative "gold speculators" and analyzed the investment through examples.

　　　　Gold speculation attitude

　　　　Xiaojintiao tastes great sweetness.

　　　　● Respondent: Mr. Sun.

　　　　-Gold speculation record: the value of gold bars in the Year of the Sheep doubled.

　　　　The gold speculation in Beijing began at the end of 2002 when Caibai Company sold the "Year of the Sheep and New Year’s Gold Bars". At that time, gold bars returned to the retail market in Beijing, igniting the enthusiasm of the people to hide gold. So some consumers have become enthusiastic followers of "New Year’s gold bars".

　　　　Since 2002, Mr. Sun has purchased a set of gold bars for Lunar New Year. "I didn’t think much when I bought it at that time, because someone in the family was a sheep, I wanted to keep a set as a souvenir. However, with more and more people talking about gold products around me, I realized that gold was a good investment tool. Because Caibai Company provides a repurchase channel, it is more convenient to cash in the shopping mall in case of urgent need of cash. Therefore, I will collect one set every year in the future. Today, the gold bars bought at 92 yuan per gram have been worth about one gram of 200 yuan, which has doubled, and those bought in other years have also appreciated. "

　　　　● Respondent: Mr. Li

　　　　-Gold speculation record: three-month return rate of 18.8%

　　　　Now, it is also a welcome investment channel for individuals to invest in physical gold through banks. At present, the physical gold business in the banking system mainly includes "Gao Saier Gold Bar" represented by China Merchants Bank and Agricultural Bank, "Long Dingjin" represented by China Construction Bank, "Ruyi Gold" represented by Industrial and Commercial Bank and gold from other commercial banks. Some of these gold products belong to the bank’s agency business, and some belong to the bank’s own brand. At present, only "Gaosaier Gold Bar" can provide repurchase service.

　　　　Mr. Li saw that this year’s fund market has passed the good day of "rising every day", while precious metals have been rising all the way, so he invested in Gaosaier gold bars. In mid-August this year, he subscribed for 2 ounces of Gao Saier gold bars at the Zhongguancun branch of the Agricultural Bank of China. At that time, the subscription price was 172 yuan per gram. At this price, he spent a total of 10664 yuan. Yesterday, Gao Saier’s quotation was 204.30 yuan/gram. In this way, his Gao Saier gold bar appreciated by about 2,000 yuan in just three months, and the return on investment was 18.8%.

　　　　Gold speculation to eliminate illiteracy

　　　　Different gold products have different investment channels.

　　　　● Gaosaier Gold Bar:

　　　　Variety, quality, measurement and pricing standards: the three specifications are 2 ounces, 5 ounces and 10 ounces, the gold content is greater than or equal to 99.99%, the unit of measurement is troy ounces (1 ounce = 31.1035 grams), and the unit of quotation is RMB/ounce.

　　　　Transaction cost: The processing and circulation fee of Gaosaier gold bars is RMB 109 per ounce (about 3.5 yuan/gram), and investors will be refunded 62 yuan/ounce (about 2 yuan/gram) at the time of repurchase, and the processing and circulation fee for one purchase and one sale is only 1.5 yuan/gram.

　　　　Trading process: anonymous purchase, investors only need to bring cash or bank card to the counter of China Merchants Bank, fill out the purchase order and pay the money, and then they can get the physical gold bars on the spot. When buying back, you should also go to the point of purchase at that time, and you can buy back directly with the purchase confirmation form and well-packaged gold bars. Trading takes the form of T+0.

　　　　Trading hours: (Monday to Friday) 10: 00-11: 30, 13: 30-14: 30.

　　　　Profitability: Gold price rises by 4-5 yuan can make a profit by repurchasing.

　　　　● Paper gold:

　　　　Go to China Bank and open a current all-in-one account with China Bank. Open telephone banking service at the counter. Open online banking on the Internet, and you can buy and sell "paper gold".

　　　　Transaction cost: about one gram of 0.7 yuan.

　　　　Trading time: 9: 00-17: 00 from Monday to Sunday if you are at the counter.

　　　　If you are on the Internet, you can trade from 8: 30 Monday to 2: 30 Saturday morning.

　　　　Profitability: If the price difference is more than one yuan every day, you can make a profit.

　　　　● Shopping malls buy gold investment products.

　　　　Gold investment products with major themes should generally be paid close attention to. If the shopping mall provides telephone reservation service, be sure to make a reservation in advance and then go to the counter to buy it.

　　　　Tips for speculating in gold

　　　　"Paper gold" also has investment value

　　　　"Paper gold" refers to the book-entry gold trading launched by banks, which also needs to be paid in full, and there is no physical delivery, so it can only be bullish. The trading records of "paper gold" investors are only reflected in the "gold passbook account" opened by individuals in advance, and there is no need to withdraw physical gold, thus eliminating the steps of transportation, storage, inspection and appraisal of gold, and the difference between the buying price and the selling price is smaller than the difference between the buying and selling prices of real gold.

　　　　The reporter learned that "paper gold" can be purchased at all outlets of China Bank and some outlets of Industrial and Commercial Bank of China. For the "Huang Jinbao" business of Bank of China, a Mr. Liu expressed great interest. He told reporters that from the beginning of the year to now, his income from purchasing paper gold has exceeded 30%. Moreover, paper gold generally implements T+0, which means that it can be bought and sold on the same day, and it can be traded on the Internet even in the middle of the night, which is very convenient.

　　　　It is reported that ICBC and Industrial Bank have some different paper gold products.

　　　　Prospect of gold speculation

　　　　Individuals are expected to invest in gold futures.

　　　　Experts suggest that if you want to invest in gold, you must choose the right variety according to your own reality and pay attention to avoiding risks. Medium and long-term investors can choose paper gold and physical gold from banks, but don’t hoard a lot of gold ornaments, because gold ornaments are difficult to realize and easy to wear and depreciate; Short-term investors should pay attention to the possible fall after the gold price rises, and pay attention to the influencing factors such as oil price trend, dollar rise and fall, political situation and so on. As a rational investor, it is necessary to reserve the basic knowledge of gold investment and be familiar with the overall situation of international politics and economy. At the same time, abandon speculative psychology.

　　　　Zhang Shounan, president of China Gold Newspaper and director of Beijing Gold Economic Development Research Center, revealed that personal investment in gold futures may be officially opened in the near future, and gold futures can play its role of "capital leverage" to reduce capital investment for investors and improve the return on investment. In addition, gold futures can be both long and short, and investors have the opportunity to make two-way choices, which can bring returns to investors when the market is bullish and bearish. Gold futures should be the most suitable futures for people to invest. (Fan Haitao)

Editor: Fan Jing

　　In order to give full play to the important role of revolutionary cultural relics in carrying forward the revolutionary tradition and culture, strengthening the construction of socialist spiritual civilization, and promoting the integration strategy of cultural tourism and cultural innovation, Henan recently issued the Notice on Further Strengthening the Protection, Management and Utilization of Revolutionary Cultural Relics in the New Era.

　　Henan is rich in revolutionary cultural relics, involving more than 2,500 revolutionary cultural relics protection units.

　　It is understood that there are more than 2,500 revolutionary cultural relics protection units (more than 4,000 points) in Henan Province; It has been recognized that two batches of revolutionary cultural relics have been published, including 366 immovable revolutionary cultural relics and 7756 movable precious cultural relics (sets); There are 151 memorial halls of revolutionary museums managed by various departments at all levels.

　　Publicity Department of the Communist Party of China, Ministry of Culture, Tourism, Ministry of Finance and National Cultural Heritage Administration have divided Henan into six revolutionary cultural relics protection and utilization areas, including Hubei-Henan-Anhui area, Shanxi-Hebei-Henan area, Long March (Red 25th Army) area, Hebei-Shandong-Henan area and Huaibei area, involving 17 provincial cities and 87 counties (cities).

　　The "Notice" adheres to the working principle of "protection first, strengthening management, tapping value, effectively utilizing and making cultural relics alive", pays attention to key points, supplements shortcomings and strong and weak items, further improves the protection status of revolutionary cultural relics in the province, gives full play to the advantages of revolutionary cultural relics resources, and improves the level of exhibition and utilization of revolutionary cultural relics. So as to comprehensively enhance the inheritance ability of protection and management, form a distinctive and nationally influential inheritance system for the protection and utilization of revolutionary cultural relics, better inherit the red genes, continue the red veins, and enhance spiritual strength.

　　Strengthen the protection of revolutionary cultural relics and deepen the research and interpretation of revolutionary cultural relics

　　The "Notice" recognizes the publication of the revolutionary cultural relics list in Henan Province, strengthens the protection of revolutionary cultural relics in the collection, and implements the maintenance and protection of revolutionary sites. Promote the protection and utilization of revolutionary cultural relics, and promote the pilot work of the protection and utilization of low-level immovable revolutionary cultural relics. Adhere to both rescue protection and preventive protection, and comprehensively enhance the ability to protect revolutionary cultural relics.

　　At the same time, it is pointed out that it is necessary to build a collaborative research base for revolutionary cultural relics by relying on colleges and universities and memorial halls of revolutionary museums. We will promote the rescue, collection and research of historical materials of revolutionary cultural relics in an orderly manner, and deeply explore and expound the ideological connotation, time value, historical significance and educational significance of revolutionary cultural relics.

　　Expand the utilization mode of revolutionary cultural relics, improve the exhibition level and educational function

　　The "Notice" calls for strengthening the classified and rational utilization of revolutionary sites, improving the opening level of revolutionary sites, and further exerting comprehensive service functions. Use market mechanism to develop more cultural and creative products and promote cultural consumption. Promote the integration of red tourism with rural tourism, eco-tourism and other formats, and help rural revitalization and the revitalization and development of old revolutionary areas.

　　In order to better promote the construction of revolutionary museums in Henan, the province supports qualified revolutionary museums to be upgraded to national first, second and third grade museums. Around major historical events and important time nodes, we will plan and promote a number of revolutionary cultural relics exhibitions with distinctive themes, profound connotations, novel forms and online and offline integration. Encourage innovative ways to spread revolutionary cultural relics, make rational use of modern scientific and technological means, enhance the expressive force, communication power and influence of revolutionary cultural relics exhibitions, and vividly spread red culture.

　　At the same time, we should make full use of revolutionary cultural relics resources, take the initiative to serve the "four histories" study and education, and support the education department to use revolutionary cultural relics resources to carry out ideological and political work in schools. Support the construction of the national red gene inheritance platform and enrich the content of cyberspace revolutionary culture. Organize the training of red commentators and build a team of revolutionary spirit communication talents.

　　In order to better promote the protection work, Henan will establish a coordination mechanism for revolutionary cultural relics, study and solve major problems in the management and utilization of revolutionary cultural relics, and strengthen supervision and inspection. Increase financial input, actively implement the spirit of the reform of the division of financial powers and expenditure responsibilities between provinces, cities and counties in the field of public culture, and further improve the financial guarantee mechanism for the protection of revolutionary cultural relics. We will improve laws and policies, promote the introduction of local laws and regulations on the protection of life and cultural relics at the provincial level, and encourage all localities to formulate local laws and regulations on the protection of revolutionary cultural relics in light of actual conditions. (Reporter Mo Yuhua)

　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　 　

　　On November 7,China Unicom is in Tianjin.Hold a dual-platform conference of "Smart Hotel & Yunyou Internet Cafe Cloud". Under the guidance of Tianjin Municipal Bureau of Commerce and Tianjin Municipal Bureau of Culture and Tourism, the conference was hosted by China United Network Communication Group Co., Ltd., jointly hosted by Tianjin Port Free Trade Zone Management Committee, Unicom Digital Technology Co., Ltd., Unicom Video Technology Co., Ltd. and China United Network Communication Co., Ltd. Tianjin Branch, and attended by governments, well-known hotels, e-sports enterprises in Internet cafes, leading enterprises in the communication industry, representatives of related industry associations and experts and scholars from all over the country.

　　At present, China’s Internet cafes, e-sports hotels and other Internet service places have reached 100,000, and they are transforming into high-end, professional and standardized. Professional consulting organizations predict that in the next three years, the output value of China’s e-sports industry will increase at an annual rate of 7.2%. The government will pay more and more attention to the development of the whole e-sports industry, actively promote online service places to go to the cloud, and promote the standardized development of digital consumption such as online entertainment.

　　China Unicom adheres to the responsibility of central enterprises, and in order to further help the development of China’s digital economy, China Unicom made a heavy release at this conference.“Yunyou Internet Cafe YunThe platform aims to break the traditional working mode of "local server+100M dedicated internet access" in Internet cafes and e-sports hotels, upgrade it to the cloud service mode, realize network cloudization and content cloudization, and bring customers a brand-new experience with low delay, large bandwidth, high reliability and rich content.

　　“Yunyou Internet Cafe YunIn terms of network construction, the platform gives full play to China Unicom’s 10 Gigabit optical network capability, builds a city-level Internet cafe cloud private network based on OTN, with 10 Gigabit bandwidth and flexible expansion capability, and provides services such as loop disaster recovery, intelligent network exit routing, and carrier-level operation and maintenance, so that the transmission delay from the Internet cafe to the cloud is less than 1ms, the platform covers more than 180 kilometers, and the Internet exit of a single Internet cafe reaches Gigabit.

　　The "Yunyou Internet Cafe Cloud" platform is based on Unicom Cloud, and the "1+N" cloud-side collaborative deployment mode is adopted throughout the country to realize integrated, intensive and intelligent management and scheduling. In terms of computing power, the platform is equipped with a super bare metal server with 64T and Nvme solid state drives at the edge cloud nodes, and the core components fully realize the dual disaster tolerance/backup capability, which ensures the smooth acceleration of the game. Compared with before going to the cloud, the reading and writing performance of Internet cafes is improved by 40%, the game storage is improved by 5 times, the number of games reaches more than 3,000, and the cloud base runs with zero accidents.

　　“Yunyou Internet Cafe Yun"The platform adopts a cloudless diskless operating system, and China Unicom relies on years of deep-rooted experience in the industry to deeply customize the development based on Linux system, which greatly improves the performance of the platform in four aspects: memory scheduling, hard disk optimization, network card driver and software compatibility. Compared with similar competing products,"Yunyou Internet Cafe Yun"The platform has a 20% increase in the number of computers and a 30% increase in the boot speed, ensuring that the game content is accessed without being stuck.

　　China Unicom, as the chain length of the safety industry chain, is built with the advantage of trinity’s safety and credibility.Yunyou Internet Cafe Yun"Platform: firstly, based on the capabilities of Yundun and Mohist platform, create a secure channel for network transmission throughout the whole network; Second, the central node of the platform meets the second-class requirements of equal protection; Third, the edge cloud nodes adopt black hole strategy and traffic load strategy to fully resist DDos attacks and build a trinity secure and trusted platform. From 2022 to now, the Internet cafe cloud platform has successfully resisted thousands of DDos network traffic attacks, and realized the safe and stable operation of 0 accidents.

　　“Yunyou Internet Cafe YunThe platform will redefine the new operation mode of e-sports industry in Internet cafes and reshape the service category of Internet cafes. With the attitude of innovation, integration and win-win, Tianjin Unicom will issue a recruitment order for the wisdom and ecology of Internet cafes to all sectors of society, build an industrial alliance with partners in the industrial chain, discuss the healthy development of the e-sports industry, truly promote industrial transformation and upgrading, and help the digital transformation of the e-sports industry in Internet cafes to the cloud.Tianjin completedInternational consumption center city contributes to Unicom!