The identity of Toshiharu Ikeda, the director of Key, who was suspected of jumping into the sea, has not yet been determined.

    Recently, according to Japanese media, the unknown man’s body found in the sea of Mie-Dawanmachi, Japan on December 26th last year was recently suspected to be Toshiharu Ikeda, director of erotic film. The deceased was 59 years old, and it is still uncertain whether he committed suicide or homicide.

    According to the police in Mie Prefecture, Japan, at about 9: 35 a.m. on December 26th, a man’s body with bare feet and black sneakers was found at sea. It is judged that he has been dead for 1-2 days. After that, the police searched the local area for the identity of the deceased. In mid-January, an acquaintance in Shima raised the question that "it may be Ikeda". Teeth and DNA were being certified, but it was still not certain that it was directed by Toshiharu Ikeda. The deceased did not leave a suicide note, and it is still uncertain whether he committed suicide or homicide.

    Toshiharu Ikeda filmed Keys in 1997. Key is adapted from a erotic novel written by Junichiro Tanizaki in his later years. As soon as the novel was born, it caused various discussions, and from 1959 to 1997, it was put on the screen five times. KonIchikawa, Tatsumi Kumashiro and Mu Cuo Yaoqiao have all filmed Keys respectively, and tinto brass, the Italian erotic films master, also filmed the Italian version of Keys in 1983. Only Toshiharu Ikeda is really close to the subtle beauty of the original and the profound discussion of human spirit.
 

There has been regime change in Pakistan, but why has it always been so "iron" with China?

"No matter how Pakistan’s domestic political situation changes, no matter how turbulent the international situation is, China and Pakistan have always supported and helped each other."

"China is now rich and strong, so our first thought is to help Pakistan and develop a community of destiny between China and Pakistan."

In the 139 issues of "This is China" broadcast by Oriental TV on March 28th, Professor Zhang Weiwei, Dean of China Institute of Fudan University, and Professor Lin Minwang, a researcher at Fudan University Institute of International Studies and an expert on South Asian issues, discussed China-Pakistan relations together.

Zhang Weiwei:

When it comes to Pakistan, the most commonly used word in Chinese is "Batie", which means that the relationship between China and Pakistan is very iron. No matter how the domestic political situation in Pakistan changes, no matter how turbulent the international situation is, China and Pakistan have always supported and helped each other. I myself am one of the witnesses of the relationship between Batie and Batie.

On the eve of the opening of the Beijing Winter Olympics on February 4th this year, His Excellency imran khan, Prime Minister of Pakistan, who came to attend this grand event, had an interesting video dialogue with some representatives of major think tanks in China under the careful arrangement of Mr. Moyin Huck, Pakistan’s ambassador to China. Teacher Lin Minwang and I were invited to participate.

Premier imran khan made a keynote speech first. He warmly congratulated the Beijing Winter Olympics and the people of China for celebrating the Spring Festival, and achieved the historic achievement of completely eradicating extreme poverty. He said it was a feat that shocked human society.

Your Excellency Prime Minister highly praised the "all-weather" strategic partnership between China and Pakistan, and pointed out that no matter which party is in power in Pakistan, it pursues a policy of friendship with China. On issues involving China’s core interests, such as Xinjiang, Xizang, Hong Kong, Taiwan Province and the South China Sea, Pakistan has always stood firmly on China’s side.

Pakistani Prime Minister imran khan. Source: Xinhua News Agency

He is deeply disturbed by the current international situation. He believes that the United States has started a foreign policy of containing China from the Trump administration, while Pakistan is firmly opposed to any attempt that will lead the world to the Cold War again and the military bloc confrontation, because it violates the interests of the people of the world.

Premier imran khan briefed everyone on the situation in Afghanistan, saying that "Afghanistan has finally achieved peace after a long period of war. But unfortunately, the sanctions imposed by western powers have caused Afghanistan to slide into a huge humanitarian disaster and crisis. " "Whether you like the Taliban government or not, you can’t punish the Afghan people," he said. He also talked about the relationship between Pakistan and India, and mentioned that he was a world champion of cricket and had many fans in India. But he severely criticized the policy pursued by the current Indian government, which he called "nationalism and racism".

He spoke highly of the construction of the China-Pakistan Economic Corridor and pointed out that this project has brought great progress to Pakistan’s economic development and people’s lives. As we all know, the China-Pakistan Economic Corridor is a flagship project of China’s "Belt and Road Initiative". It starts from Kashgar, Xinjiang, China and continues to Gwadar Port, Pakistan, with a total length of more than 3,000 kilometers, covering a large number of large-scale engineering projects such as railways, highways, oil and gas pipelines, power generation and transmission, optical cable and telecommunications.

The China-Pakistan Economic Corridor is also a meeting point of the Silk Road on land and the Silk Road on the sea in China. It has provided a strong impetus for Pakistani economic development, and at the same time, it has provided China with a major transportation and energy channel outside the Straits of Malacca, which is of great geo-economic and geopolitical significance. Your Excellency mentioned that "Pakistan, like China, believes that the China-Pakistan Economic Corridor should be extended to Afghanistan and Central Asia." In this way, many countries in this region can benefit from this economic artery.

After his speech, we began to interact. I will briefly introduce the development mode of people-oriented principle in China, that is, everything the government does will ultimately be people-centered, leading to the improvement of people’s livelihood, and whether it is economic reform, political reform or social reform, it will ultimately enable people to live a better life.

I mentioned a national security report recently released by Pakistan, which placed Pakistan’s national economic security at the core of achieving comprehensive national security. Premier imran khan interjected at this time, saying, "We have been discussing how to learn from the China model. We can learn little from other models, but we can learn a lot from China’s development model. "

In our interaction, we also talked about the American attempt to contain China. I said that China is the world’s largest economy (according to purchasing power parity), the world’s largest consumer market, the world’s largest investment market, the world’s most complete industrial chain, and the world’s largest trader of goods. I said that if the United States wants to isolate such China, it will only isolate itself in the end. Then Premier imran khan agreed. He said, "I have studied and lived in Britain for many years. Perhaps I know western countries better than many people. I have told western diplomats many times that the United States has no way to contain China. China will keep moving forward. "

The day after this talk, Li Shimo, a researcher from our research institute, made an exclusive interview with Premier imran khan. When talking about the United States, the Premier said, "The United States is also a good friend of Pakistan, but this friendship is different from the all-weather friendship between China and Pakistan. The United States used to be very friendly to Pakistan, but when they thought Pakistan was useless, we were abandoned by the United States, and then we will become friendly again.

For example, after Pakistan became the front line against the Soviet invasion of Afghanistan, Pakistan became a friend of the United States, and they even helped us and were very good to us. But as soon as the Soviet Union left Afghanistan, the United States imposed sanctions on Pakistan. But ten years later, after the "9.11" incident, the United States was friendly to us again. But when they couldn’t win in Afghanistan, the United States blamed us for its defeat in Afghanistan. Therefore, unlike Pakistan-China relations, Pakistan-US relations are "all-weather" partnerships. Pakistan-China relations have been stable for more than 70 years, and Pakistan stands with China on every occasion. And whenever Pakistanis need China, China will stand with us. ".

These conversations with Premier imran khan also remind me of another Pakistani leader I met more than 30 years ago. On November 17th, 1985, I accompanied Yao Yilin, then Deputy Prime Minister of the State Council, China, to visit the Sultanate of Oman to attend the 15th anniversary ceremony of Oman’s National Day. At that time, many countries sent leaders to attend this ceremony, including former Pakistani President General Zia Haq.

That afternoon, at the invitation of former President Huck, Yao Yilin had an hour-long meeting with him. One of the main contents that General Huck talked about that day was that he hoped that China and Arab countries would develop more positive relations. He especially wanted to promote the establishment of diplomatic relations between China and other Gulf countries, especially Saudi Arabia. Everyone knows that Saudi Arabia is one of the most influential countries in the Middle East. Vice Premier Yao Yilin said that Saudi Arabia may still have difficulties, but we are patient.

What was a practical problem at that time? China’s economy is very small, and the international recognition of China’s products is very low. At that time, oil was still a pillar industry for China to earn foreign exchange through export, and the Gulf countries themselves are big oil exporters, so there are not many areas where China and the Gulf countries can complement each other economically. However, former President Huck said that the people of China are hardworking and intelligent, and the leaders of China are super capable. China must be an economic superpower within 20 years. He believed that China should be laid out in this region in advance. Yao Yilin said privately that this general is a man of great vision.

Pakistan’s national conditions are very complicated. We met former President Huck in 1985. Three years later, on August 17, 1988, General Huck’s special plane exploded while flying in China, and he was killed at the age of 64. I was shocked to hear the news, and a leader who impressed me quite positively suddenly disappeared.

It is reported that terrorists in Pakistan installed a time bomb on the plane, but today there is no definite conclusion. Today, Pakistan still faces the serious threat of terrorism, and China and Pakistan have many important cooperation in the security field such as counter-terrorism. The armed forces of China and Pakistan also maintain very solid friendly and cooperative relations.

In the diplomatic field, Pakistan has provided a lot of support to China. As early as 1962, despite American pressure, Pakistan actively supported the restoration of the new China’s legitimate seat in the United Nations. I have long followed the debate on human rights in China at the UN Commission on Human Rights in Geneva. From 1990 to 2001, western countries put forward anti-China proposals in the Commission on Human Rights every year for ten consecutive years, but almost every time, Pakistan spoke on behalf of the Organization of the Islamic Conference, which is composed of more than 40 countries, refuting the unwarranted accusations of human rights in China by western countries.

There are a group of excellent diplomats in Pakistan, who are always arguing with Confucianism at international conferences. The first thing they often say is that Pakistan is an Islamic country and China is not an Islamic country, but I assure you that China is a great friend of the Islamic world. Please vote for China.

This year, we commemorate the 50th anniversary of President Nixon’s visit to China. In fact, it was Pakistan that helped arrange the secret visit to China by Kissinger, Assistant to the President of the United States for National Security Affairs, in 1971. At that time, high-level officials of China and the United States had a secret information exchange through Pakistani President Yahya Khan, and it was confirmed that Kissinger would visit China in secret. However, at that time, China and the United States were in a hostile state, the Vietnam War was still going on, the competition between the United States and the Soviet Union was complicated, and China was still in the stage of the Cultural Revolution. Slogans like "Down with American imperialism" and "Down with Soviet revisionism" were all over the street, and such information could not be disclosed inside the United States.

So in July, 1971, when Kissinger was visiting Pakistan, he suddenly fell ill and needed to rest. In a highly confidential situation, he flew to China by a special plane of pakistan international airlines Company. In just two days, Kissinger and Premier Zhou Enlai held talks for 17 hours, paving the way for President Nixon’s visit to China.

However, as mentioned earlier, unlike Chinese’s tradition of cherishing friendship, there is a popular saying in Pakistani political circles that any time you believe in the United States, you have chosen to be abandoned, which means that the United States treats you well when it needs you, and forgets or even abandons you when it doesn’t.

After Premier imran khan visited China, he also visited the Russian Federation on February 24th. As we all know, this is the day when Putin ordered special military action against Ukraine. Although this visit was arranged long ago, Premier imran khan resisted the pressure of the United States and visited Moscow as scheduled, becoming the first foreign leader to visit since the Russian military operation began. And President Putin had a three-hour meeting with Premier imran khan that day. After the talks, the Russian President’s Office also issued a statement, saying that the two sides had "extensive consultations" on bilateral cooperation, especially energy cooperation, and exchanged views on regional issues and the situation in South Asia.

On February 24th, Russian President Vladimir Putin met with visiting Pakistani Prime Minister imran khan after announcing the military action against Wudong. Photo from the Russian Ministry of Foreign Affairs Twitter

Judging from the reaction to the conflict between Russia and Ukraine, almost all non-Western powers, including the BRICS countries China, India and South Africa, as well as many countries in the Islamic world, such as Iran and Pakistan, abstained from voting on the Western resolution on the conflict between Russia and Ukraine in the United Nations, and the population they represent far exceeds that of western countries. This shows that everyone does not accept the one-sided view of the West, understands the complexity of the issue, and expects Russia and Ukraine to finally resolve the dispute through negotiations.

At the same time, many think tanks and scholars in China, Russia, Iran, Pakistan, Turkey and other countries have called for strengthening the unity of Eurasian countries, jointly resisting the infiltration of American and Western forces, strongly responding to the challenges of the United States and the West, and jointly resisting the "Sinophobia" spread by the United States and the West all over the world for a long time, including sinophobia in English, Russophobia in Russian, Islamophobia.

Thank you all.

Lin Minwang:

When it comes to the relationship between China and Pakistan, people use the word "Batie" to describe it. Many people are curious about why China and Pakistan can develop into "iron buddies". Pakistan stood in the American camp throughout the Cold War. Why didn’t Pakistan and the United States develop into "iron buddies"? This issue actually involves a very core issue, that is, Pakistan’s entire diplomatic strategy and its foreign relations.

The core element of Pakistan’s diplomacy and its foreign strategy is to get rid of India’s control over the whole South Asian subcontinent. Since the founding of Pakistan, its biggest worry is India, and this fear is beyond many people’s imagination. There are two main reasons for this fear. One is the huge gap in strength and Pakistan’s natural "weakness". Pakistan is a very long and narrow land shape, with four important neighbors, east and west neighbors, and north and south neighbors. The south is India, and India can basically be said to be a natural enemy, so it must ensure that the east and west neighbors and the countries in the north are friendly to it. Pakistan often uses a word called "strategic depth", so it pays close attention to China, Iranian and Afghan factors.

Its relationship with India is poor, and the second reason is national identity. India does not recognize Pakistan as a legitimate and legitimate country. Including now, after the Indian Indian Party came to power, it said that Pakistan belongs to it, so we can understand why Pakistan is so worried about India.

Since the founding of Pakistan in 1947, its basic diplomatic strategy has been alliance. In a popular sense, just find the most powerful country, which can provide it with military strength, economic strength, or in a certain sense, the power to form checks and balances against India. Therefore, it joined the treaty system of the two military alliances of the United States in 1955 to achieve checks and balances on India.

As a result, Pakistan was very disappointed after joining. Why? The United States said that I pulled you into this alliance system to make you anti-China, so it wanted to promote reconciliation between India and Pakistan and form a common anti-China front. However, Pakistan said that the important purpose of joining your front is to solve my own security concerns. As a result, the United States gave it weapons, and the United States said that you could not use them against India. All weapons can only be used with the consent of the United States.

Then Pakistan said that I didn’t buy these things for toys. If I don’t need to target India, why should I buy them? So later, the differences between the two countries were very big. After the second India-Pakistan war broke out in 1965, Pakistan saw it more clearly. The United States imposed a military embargo on India and Pakistan at the same time. Pakistan found that India was embargoed and there was no problem. The Soviet Union helped it, but after Pakistan was embargoed, it was finished and no one could help it. Later, it found that only China was the most reliable.

On March 2, 2021, State Councilor and Foreign Minister Wang Yi and Pakistani Foreign Minister Qureshi attended the launching ceremony of the celebration of the 70th anniversary of the establishment of diplomatic relations between China and Pakistan by video and delivered a speech.

Another reason is that in the Sino-Indian border war in 1962, Pakistan found that "distant relatives are not as good as close neighbors", and the real power to balance India is China. China has such ability and determination, but the United States does not. Therefore, from 1962 to 1965, the relationship between Pakistan and China underwent a substantial change, and later it developed into what we call the "Batie" relationship. Another view of the United States was that the United States was the strongest in the world, and Pakistan had to rely on the United States. But what’s the problem? The United States has too many allies, and the United States often ignores Pakistan’s core concerns.

The last time, the United States thought Pakistan was very useful, that is, the United States fought the war in Afghanistan. In 2001, Pakistan provided a military base, and Pakistan followed it for more than ten years. Finally, Pakistan found its own Islamization, including terrorism, raging in China, which led to a series of development problems, social security problems and state governance problems, all of which were caused by its strategic cooperation with the United States in counter-terrorism.

The bigger question is, where does the United States hate Pakistan now? The United States fought against terrorism in Afghanistan for twenty years, and in the tenth year, it was discovered that bin Laden was hiding in Pakistan. Therefore, the United States is equivalent to starting from 2011, and the whole domestic sentiment towards Pakistan is very heavy. In Trump’s words, it is a typical "eat inside and pick outside".

Therefore, the relationship between them has basically not recovered from 2011 to now, that is, it has been in a downward trend. When I arrived in Biden, I went even further. Biden hasn’t called imran khan so far. Pakistan helped the United States to withdraw its troops from Afghanistan before, and was partially separated from the plight of the Taliban, but the United States did not appreciate it, so now Pakistan’s diplomacy has undergone a major adjustment.

The relationship between Pakistan and China has been able to maintain this kind of "iron buddy" relationship since there was a substantial change in 1962 and 1965. The most important reason is that we have common strategic interests. Another reason is that during every major transformation of the world structure, the interests of both sides can be roughly consistent, and this "roughly consistent" has just been mentioned by Teacher Zhang. Pakistan has helped China. It has helped a lot, such as China’s good relations with the whole Islamic world, the establishment of diplomatic relations between China and Iran, the normalization of relations between China and the United States, and the fact that Pakistani diplomats were the first to stand in the way of the UN Human Rights Council in the 1990s.

Of course, up to now, as far as China is concerned, helping the rich before getting rich, and China is now rich and strong, our first thought is to help Pakistan. In the past, we mainly provided security assistance, but now we are developing into political, economic and cultural aspects, and we want to develop a community of destiny between China and Pakistan. In this sense, China and Pakistan’s "iron buddies" have developed from strategic security allies in the past to real buddies now. I believe that as China becomes stronger, China and Pakistan will become stronger in the future!

[Roundtable discussion]

Moderator: There will always be regime changes in Pakistan, and there will always be a new government. No matter which government is in power, its relationship with China has always been so good. Why?

Lin Minwang: A very important reason is that China strictly adheres to the policy of "non-interference in internal affairs". Why does the United States always make mistakes in recent years? In every election in Pakistan, American intelligence agencies have done a lot of work there. Generally speaking, after some political parties or families came to power, they felt that the previous leader was so close to China that he wanted to distance himself. But after half a year, he would find that only China was his real buddy, so he quickly adjusted his policy.

Zhang Weiwei: There is another important reason. The friendship and cooperation between the armies of China and Pakistan are very important. Pakistan became independent in 1947, and the Islamic Republic of Pakistan was formally established in 1956. At that time, Chairman Mao sent Geng Biao, who was a general diplomat with the rank of general. At that time, Chairman Mao told him that imperialism had surrounded us, and we wanted to open a door in the west, so you went. Later, a series of our projects, including the opening of China-Pakistan Airlines in 1964, were not easy. At that time, we had to fly out to Europe and Africa, and China-Pakistan Airlines took the lead.

Today’s "Belt and Road" and China-Pakistan Economic Corridor are a continuation of this tradition. The friendship between the armies of the two countries is very deep. And the Pakistani army has a great influence on Pakistan’s national politics. So I don’t agree with the western regime theory. As long as the army is in power, this country is not good. China talks about the specific situation and concrete analysis, seeking truth from facts. In many developing countries, the army is the only institutional arrangement with executive power, while the Pakistani army has relatively strong combat effectiveness, so it has a special role.

On January 6, 2020, the Sino-Pakistani Navy’s "Marine Guardian -2020" joint maritime exercise kicked off. The picture is from the Ministry of National Defense of China

Moderator: You talked about the army. What kind of existence is the Pakistani army?

Lin Minwang: Many people in the West always look at this phenomenon with a negative attitude when they say that soldiers are involved in politics or military coups. But in fact, in Pakistan, every time soldiers are involved in politics, everyone calls on soldiers to come forward quickly. These politicians have hollowed out the national wealth, and these people can’t be on stage, and the country will be finished on stage. Therefore, the support rate of Pakistan’s coup was very high. In fact, many people or the middle class asked them to come out and push down the current government.

Moderator: Why do local people have such a trust in the army?

Lin Minwang: The strategic environment of Pakistan is very poor. Survived under such difficult conditions in 1947, and then fought the first India-Pakistan war with India in 1948, the second time in 1965 and the third time in 1971. This army has played a great role in the survival of the country, so the people all regard the army as the conscience and pillar of the country.

Moderator: This kind of trust is hard-won. When Mr. Li Shimo interviewed Premier imran khan, Premier imran khan had a remark. He said that this "all-weather" friendship between Pakistan and China will continue whether imran khan is in power or other people in power.

Zhang Weiwei: In recent days, the Pakistani parliament will impeach Premier imran khan. I watched Pakistani TV and he said that the army supported me. In any case, China-Pakistan friendship will continue to move forward, whether he stays on stage or steps down. In Pakistan, you can feel that Chinese is particularly popular, and there is a heartfelt respect and friendship between politicians, people and scholars, which has been accumulated for a long time.

Moderator: I once read an article about the friendship between Batie and many netizens left messages. One netizen said that she had traveled with some friends and got on a bus with some Pakistani youths. When she heard that they were Chinese, she must stand up and give them her seat. The youth told them that we are Batie and we are friends. The relationship between the United States and Pakistan will be used when the United States needs you, kicked off when it doesn’t need you, and sanctioned when it needs sanctions. In fact, we can see the charm of China’s diplomacy, not only with Pakistan, but also with other countries.

Lin Minwang: China’s diplomacy with the United States, including South Asia, is very interesting. Because the United States is the "world hegemon", it has many allies. In fact, like Pakistan and South Asia, it doesn’t pay much attention to it. Basically, whenever something happens and you are needed, it comes. Like after the war in Afghanistan, Pakistan was abandoned. But China is hard on friends, and we do respect our friendship. In terms of maintaining respect for our relationship, the United States can’t compare with China.

Zhang Weiwei: I have been to all countries in South Asia. In the 1980s, there were many contradictions in Sino-Indian relations for various reasons. However, other countries, such as Bhutan, Nepal, Sri Lanka and Bangladesh, have very good friendship with China. One of the important reasons is that India always bullies these countries, and China really respects others, so it won friendship, and it has been known for a long time, and the distance knows horsepower.

Moderator: We have always said that "the friendship between countries lies in the blind date between the people", and the friendship between the people has been consolidated, which is a great help to the friendly relations between the two countries. You said just now that Pakistan is a narrow country. What are the characteristics of its economic development?

Lin Minwang: Pakistan’s economic development is actually related to its geography. Why should the China-Pakistan Economic Corridor build a large east-west passage, mainly in the south, because the south is similar to the plain, and the economic center of gravity is in the south. These agricultural areas are all in the south, and the north is high mountains, with particularly poor environment and sparse population.

On the whole, its geography restricts the whole economic development, with agriculture as the main factor. On the whole, South Asia has a relatively strong service industry, with strong agriculture, strong service industry and extremely weak manufacturing industry. This weakness is also due to the development strategies of these countries from the cold war to the present, which always serve the west, and no one cares about manufacturing, especially heavy industry, etc. So when imran khan came to China, he said, I want to learn from you now and start manufacturing.

Zhang Weiwei: The project of China-Pakistan Economic Corridor is significant, because it is a super-large project. It is a combination of roads, railways, oil and gas pipelines, cables and optical cables, including a series of hydropower stations, thermal power plants, ports, manufacturing factories and parks. Therefore, China really does practical things, which can promote Pakistan’s all-round development and is certainly beneficial to China. We know that the Malacca Strait is a passage that is likely to be controlled by the United States at any time. After passing through Gwadar Port, the countries around the Gulf will come out, so it will save about five or six thousand kilometers compared with bypassing the Straits of Malacca, which is extremely geo-significant. It is good for Pakistan, good for us and good for neighboring countries.

I would like to add that Pakistan’s economy has a big problem, with a large population and a relatively low starting point. There must be a large number of labor-intensive industries. Without labor-intensive industries, jobs cannot be created. So Pakistan wants to learn from the China model, which I particularly understand, but it is really not easy.

Moderator: Pakistan wants to learn but is not very eager to learn. Pakistan wants to be a manufacturing industry. Do we have any cooperation projects and attempts in this regard?

Lin Minwang: Yes, the national conditions of the two countries are really different. On the whole, China enterprises will actually encounter many cultural, institutional and governance difficulties and problems when they go to South Asia and Pakistan. In fact, manufacturing involves many aspects. People in Pakistani culture are more casual, which is actually a challenge to enterprises in China.

Zhang Weiwei: When analyzing India, I also said that the literacy rate of people in India and Pakistan is much lower than that in China, and sometimes the basic quality of industrial workers and the number of engineers are far from enough. These are practical problems.

Lin Minwang: Actually, they are also trying to learn this aspect. For example, many China companies went to the China-Pakistan Economic Corridor. After going there, many of them found this bottleneck problem. Pakistan’s labor training and labor skills are almost poor. So now, after many projects in the China-Pakistan Economic Corridor started, they are also learning and training its industrial workers in large quantities.

[Audience questions]

Bai Yang: My name is Bai Yang, and I am a practitioner in the financial industry. Just now, we discussed a lot of cooperation between China and Pakistan. Now, the conflict between Russia and Ukraine and the geopolitical game between big countries are intensifying. What impact will it have on China-Pakistan cooperation?

Zhang Weiwei: In my previous speech, I mentioned that Premier imran khan went to Russia on February 24th, the day of the military action, and Putin talked with him for three hours. We don’t know what the content was, but it was an important symbolic significance, because traditionally, Russia had a better relationship with India, but since India participated in the US "India-Pacific Strategy", Russia seems to have distanced itself from it.

Therefore, I estimate that Pakistan’s relations with Russia have been further strengthened, otherwise he would not have taken the risk, so Pakistan also has overall considerations, and I think there is no need to worry on the whole. At present, many Russian think tanks, Pakistani think tanks and even some China, Turkish and Iranian think tanks have openly proposed that Europe and Asia should unite to oppose the infiltration of the United States and the West. Everyone thinks that this international order must be changed, and the situation that the United States dominates the world must end.

Moderator: When it comes to geopolitical relations, it is very important for relevant countries to deal with some different issues and frictions very calmly and rationally. Some time ago, Indian missiles landed in Pakistan for unknown reasons, and Pakistan asked India to give an explanation. What is the signal behind this?

Lin Minwang: This matter is particularly interesting. On March 6, India launched a missile. India has not informed Pakistan. As a result, on March 10th, when the fighter J -10, which China cooperated with Pakistan, was delivered, the Pakistani Prime Minister went to the scene to receive the fighter. At this time, the Indian media reported that we threw a missile at you the other day.

Obviously, India is actually a bit like giving a duel, that is to say, if you two cooperate, my missile can contain your weapon. Personally, I guess there may be such considerations, because India did a lot of such small means during the Cold War. This time, it’s quite like some of its past methods. It can’t be said that I’m targeting your fighter projects. I can only say that it was an operation error and I accidentally fell to you. Pakistan is particularly concerned about this. It wants to confirm whether what India said is true, so now it wants India to clarify.

The wreckage of Indian "high-speed flying object" falling into Pakistan.

Miao Yangyang: I’m Miao Yangyang, studying at Beijing Jiaotong University. China and Pakistan are an "all-weather" strategic partnership. I have noticed that there is a saying that there is no real relationship between countries, but a "temporary community of interests". I would like to ask the teacher, what do you think about this issue?

Zhang Weiwei: Pakistan is really special, because I have been there four times, and it just feels different. There is something about it, which seems to be different from the simple saying in the west that "there are no permanent friends, only permanent interests", etc. It contains the elements of friendship, affection and loyalty mentioned by Chinese. Of course, the interests of both sides are indeed highly complementary, and we really gave it important help at the last moment of Pakistan’s life and death, and it is consistent.

Lin Minwang: In fact, China-Pakistan relations are definitely strategically consistent, which is no problem. At any major historical juncture, you will find that Pakistan is on the side of China, which I think is beyond the general strategic calculation of the relationship between friends and allies.

Your opinion actually represents the views of some people. Many people don’t quite understand the characteristics of a country like Pakistan. In fact, it is quite similar to India, that is, the media is particularly developed. Private media recruit a few people at will, buy a camera and build a website, and it becomes a news agency, with a lot of NGOs. A large number of western subsidies give money, specializing in the "Belt and Road". When you go to Pakistan, you find that there are so many voices that seem dissatisfied with China, so you must understand the diversity of its society.

Lu Yong: Hello, three teachers. My name is Lu Yong, and I am a math teacher. I observed an interesting set of data from Pakistan National Bureau of Statistics. In 2021 last year, Pakistan’s economic growth rate was 3.94%, which should be said to be very good in the context of the epidemic. At the same time, Pakistan’s national GDP is less than $1,400, which is below the average in the world. Investment promotion in Pakistan is not smooth, and the development of mining, transportation and communication industries is also slow. I would like to ask three people, what is the root cause of this dilemma? What is worth learning from China’s model and experience?

Zhang Weiwei: If Pakistan takes the experience of China as a frame of reference, what it lacks most is stability and unity. Tribal, religious and regional contradictions within this country are very complicated. Now because its "natural enemy" India, including some NGOs in the west, has made these things more complicated, it has provoked the characteristics of some people fighting some people in a place, which makes it difficult for society to settle down. As Deng Xiaoping said at that time, we should remain steadfast, stable and united for at least several decades, or even a hundred years. But as soon as they adopted the western political system, they also adopted the western system, the Islamic Republic. As a result, they were always in chaos, and the elected government was often dominated by populism. As a result, the economy did not do well.

There is also a contradiction between the so-called "secularists" and "religious sects", because religion is, after all, a great traditional force. For example, President Huck (former) represents the more traditional Islam, but former President Bhutto represents the more so-called enlightened secularists who are willing to contact with the West, and this contradiction is also very great. Therefore, it is impossible to achieve long-term stability and unity and focus on development.

Moderator: We should look at the past, but also at the present and the future. What do you think of the future and foresight of the stability and unity of Pakistan as a whole?

Lin Minwang: From the big geographical environment, it is indeed a bit challenging. At that time, the China-Pakistan Economic Corridor and the "Belt and Road" project were flagship projects, China invested as seed funds, and France, Britain and other countries came. After all, Pakistan is such a big market. As a result, the West is increasingly looking at the China-Pakistan Economic Corridor as a strategic geopolitical "flagship". The core issue and the most important thing for Pakistan now is to develop the economy. It tells the world that we are now wholeheartedly striving for development, but the external environment is not for it.

Zhang Weiwei: Adopting the western model is social division, even more and more, which makes it difficult for all countries that adopt the western model to develop smoothly. This is a challenge. At the beginning, I said that a non-western country or a non-western society adopts the western political system, and there are two endings: from hope to disappointment, from disappointment to despair. The west will always support a certain person and a certain party, so it is not easy for a country to be independent, develop its economy and develop its foreign relations in today’s world.

Source | Observer Network

Original title: "There has been regime change in Pakistan, but why has it always been so" iron "with China? 》

What are the differences between Lexus RX four-wheel drive models and how should I choose?

  The Lexus RX series is currently available in 450h +, RX500 and RX350 models. Among the four-wheel drive models, the 450h + and RX500 are equipped with Direct 4 electronic four-wheel drive; the 350 is equipped with AWD, which is E Four-wheel drive. So, what are the differences between the two four-wheel drive systems? How to choose?

What are the differences between Lexus RX 4WD models and how to choose? _fororder_image001

What are the differences between Lexus RX 4WD models and how to choose? _fororder_image002

RX350

What are the differences between Lexus RX 4WD models and how to choose? _fororder_image003

RX350 interior

  First, let’s talk about the E Four four-wheel drive equipped with the 350 model. This four-wheel drive is different from the time-sharing four-wheel drive and the OurHours four-wheel drive. There is no half-shaft connection between the front and rear wheels, and the rear wheels are driven by independent motors. When the vehicle starts, the rear-wheel motors will cooperate with the hybrid motors to complete the start. When the speed reaches the rated speed, the rear-wheel motors will stop working, and when the sensor detects that the wheels are slipping, the rear-wheel motors will start again. In this way, this four-wheel drive system looks more like timely four-wheel drive. In fact, this system has three motors plus internal combustion engines, a four-cylinder internal combustion engine start and generation motor, a drive and kinetic energy recovery motor, and a rear-wheel drive motor Although this four-wheel drive system has no off-road attributes, when the front and rear motors and internal combustion engines work at the same time, it can make a two-ton "fat man" lighter and more flexible.

What are the differences between Lexus RX 4WD models and how to choose? _fororder_image004

RX450h +

What are the differences between Lexus RX 4WD models and how to choose? _fororder_image005

RX500

What are the differences between Lexus RX 4WD models and how to choose? _fororder_image006

RX500 interior

  Look at the Direct 4 electronic four-wheel drive equipped with the 450h + and RX500. It is an all-wheel drive system developed based on a parallel hybrid technology. This system can optimize the driving force distribution according to changes in driving conditions based on the driver’s intention, as well as important information such as the speed of the curve and the steering angle, providing a more rapid and direct driving experience. When the vehicle accelerates, the phenomenon of the vehicle looking up generally occurs. The Direct 4 can distribute the driving force required for acceleration according to the ground contact load of the front and rear wheels to stabilize the attitude of the vehicle and passengers. During the deceleration process, the four-wheel drive system can independently control the front and rear brakes to improve the overall grip of the vehicle. When turning into a corner, the four-wheel drive system can distribute more driving force to the front wheels, with a distribution of 75:25 to 50:50; and when turning out, the torque distributed to the rear wheels will be increased, with a distribution ratio of 50:50 to 20:80, thus improving the handling experience in the corner. This four-wheel drive system not only guarantees strong power, but also better comfort.

  If you are interested in the Lexus RX series, it is recommended that you go to the Lexus store to test drive and feel the difference between the two four-wheel drive systems. I believe it will bring you an excellent experience. (Text: Xie Jinqiang, Picture: Lexus)

The service level of children’s welfare security in Jiaozuo has been comprehensively improved.

  At the beginning of the new year, there was good news: in 2021, civil affairs departments at all levels in Jiaozuo City closely followed the instructions of the Supreme Leader General Secretary on children’s welfare work, adhered to the problem orientation, focused on key and difficult points, and actively promoted the high-quality development of children’s welfare and the protection of minors. They successively distributed basic living expenses of 4.629 million yuan to 562 children who were actually left unattended and living allowances of 5.701 million yuan to 420 orphans, and the service level of children’s welfare security in Jiaozuo City was comprehensively improved.

  The security work for orphans and children who have no one to support them in fact realizes precise management and refined service. In 2021, the civil affairs departments at all levels in Jiaozuo City strictly guaranteed the scope and identification standards, optimized and simplified the work flow, comprehensively carried out the "inter-provincial general office" business, and strengthened the basic living security. We implemented 30 cases of "Tomorrow Plan for Orphans’ Medical Rehabilitation" and 67 cases of "Fucai Dream Realizing and Orphans’ Learning Aid", established a long-term guarantee system for children with no support in fact, and funded 3 children with no support in fact. Continuously improve the professional level of adoption evaluation, and standardize the registration of adoption in 7 cases. Carrying out service-oriented administrative law enforcement, Xiuwu County created a "trinity" service-oriented care and protection law enforcement model for the fact that no one raised children, and won the first prize in the province.

  The caring service system for minors has been initially established, with various forms and rich contents. Jiaozuo City has set up leading groups for the protection of minors at the city and county levels to achieve full coverage of the uninsured coordination mechanism. Optimize the layout of service institutions in the field of child welfare, and set up one regional child welfare institution, one municipal minor rescue and protection institution and six county minor rescue and protection institutions. In June, 2021, the county-level children’s welfare institutions docked with the municipal children’s welfare institutions to complete the transfer and reception of children, and took the lead in completing the regional centralized parenting of abandoned children in the province. Actively carried out 1773 "policy propaganda into the village (residence)" activities, benefiting more than 40,000 people, and the training coverage rate of children directors reached 100%. The municipal uninsured center and civil affairs departments at all levels actively explored the form and content of purchasing services, and carried out 19 caring services such as "Children’s Home" caring company and group study for rural left-behind children and children in distress, with a total investment of more than 1.4 million yuan.

  Safety management and epidemic prevention and control in the field of children’s welfare are always unremitting. Jiaozuo City strengthened the safety management of service agencies in the field of children’s welfare, timely organized hidden dangers investigation for natural disasters such as torrential rain and low temperature freezing, and eliminated 10 hidden dangers. Strictly implement the requirements of the epidemic prevention and control guidelines, and do a good job in institutional epidemic prevention and control. Give full play to the role of children’s supervisors and children’s directors, take advantage of opportunities such as policy propaganda and thorough investigation to enter villages and households, visit and express condolences, strengthen the propaganda of epidemic prevention and control situation and vaccination education in COVID-19, and guide children and their guardians to enhance their awareness of protection and do a good job in self-protection. In-depth special treatment for drowning prevention was carried out. Through dynamic management and thorough investigation, a confirmation letter of entrusted guardianship responsibility for rural left-behind children was signed with 2531 entrusted guardians of rural left-behind children in the city, which consolidated the main responsibility of family guardianship and ensured that all kinds of children were effectively supervised.

The Standing Committee of the Provincial People’s Congress and its organs promote the theme education with high-quality investigation and research, go straight to the problem investigation and solve t

Hubei Daily All-Media Reporter Wang Jing Correspondent Ren Xuan

Since April, the Standing Committee of the Provincial People’s Congress and its organs have insisted on combining the theme education with the investigation and research in Daxing, the practical activities of observing people’s feelings, solving people’s worries and warming people’s hearts at the grass-roots level, and promoting the key work of the NPC’s legislation, supervision and representation, and combining the effectiveness of inspection work with the Standing Committee’s performance of its duties according to law and strengthening the "four organs" to promote the theme education to achieve tangible results.

Adhere to the problem orientation, focus on the scientific topic selection of the main business, and "feel the pulse"

To lay the foundation for doing things, explore the way to accomplish things, and do a good job in investigation and research, we must adhere to the problem-oriented and scientifically determine the theme and content of investigation.

The Standing Committee of the Provincial People’s Congress and its organs focus on the central work of the Provincial Party Committee, the responsibilities of the National People’s Congress and the wishes of the people, highlight the problem orientation, identify the starting point of investigation and research, set the direction, set the path and set the topic.

"It is necessary to sum up good practices in the past, focus on shortcomings in work, take improvement measures, form a long-term mechanism, and further improve the standardization, pertinence and effectiveness of the’ double contact’ work." The main responsible comrades of the Party Group of the Standing Committee of the Provincial People’s Congress wrote in the research report on "Improving the’ Double Contact’ Mechanism and Enriching the Practice of People’s Democracy in the Whole Process".

This is one of the topics that the Standing Committee of the Provincial People’s Congress and its organs carry out research around the central work and focus on the main business.

Since the theme education was launched, the leading group of the Party Committee of the Standing Committee has taken the lead in determining and improving 13 research projects, such as the "double contact" mechanism. The leading group of the Party Committee of the government has conducted research on 7 topics, including the political and ecological construction of the NPC organs. The sub-groups of the special working committees have conducted research on 11 topics, including the legislation, supervision and representation of the NPC, and a total of 74 research reports on theme education have been formed.

Focus on the central work and strengthen the supply of laws and regulations. Some members of the meeting of directors of the Standing Committee focused on the development of the digital economy in the province, aiming at the problem that the supporting policies and measures for the development of the digital economy in our province still need to be improved, and pushed the provincial government to introduce relevant supporting measures.

Reflect the supremacy of the people and enhance the effectiveness of supervision. Some members of the meeting of directors of the Standing Committee investigated and improved the working mechanism of law enforcement inspection, and the relevant suggestions in the investigation report were absorbed and used when the Standing Committee of the Provincial People’s Congress organized law enforcement inspections such as wetland protection law and prison law. Among them, the rectification rate of problems found in law enforcement inspection of wetland protection law reached 97.8%.

Actively perform their duties according to law and give play to their representative functions. Some special working committees conduct research on the development of deputies’ actions, the formation of representative groups and the development of activities, so as to enhance the performance ability and level of NPC deputies serving the people.

Adhering to the scientific attitude and method, "eyes down" goes deep into the grassroots to touch the truth.

"On Tuesday, June 6th … during the investigation, I made an impromptu motion to randomly select Tianping Mountain Village on the map and come to the village in the way of’ four noes and two straights’ …"

"On Thursday, June 8th … we will conduct another immersive investigation, quietly enter the venue as a bystander, and sit in the last row, without introducing, talking, just listening and observing …"

This is a research diary of a member of the Standing Committee Directors’ Meeting. The diary records what he saw, heard and realized when he went deep into the towns (streets), villages (communities) and enterprises in Yichang and made a casing investigation on the "Year of Strengthening Trade Unions at County Level" and the construction of "Small Third Class" trade unions.

To do a good job in investigation and research, we need to face up to problems and be good at finding problems, and we also need to use various methods to analyze the reasons comprehensively, concretely and thoroughly.

Since the theme education was launched, the Standing Committee of the Provincial People’s Congress and its organs have comprehensively used field visits, discussion interviews, casing surveys, expert surveys, law enforcement inspections, questionnaires and other methods to dive into the front line, conduct real research, practical research and in-depth research.

Leading cadres take the lead and achieve "physical awareness, eye awareness and heart awareness". The members of the Standing Committee and the leading party group of the organs, in combination with their responsibilities, conducted in-depth special investigations on 13 topics, adhered to the combination of online and offline, and conducted in-depth on-site investigations on behalf of liaison stations and grassroots legislative contact points.

Grasp the typical case of "dissecting a sparrow". Two positive models, such as Wufeng’s "democratic early bus", were identified, discussions and exchanges were organized in a centralized way, and more than 20 visits were made in various ways, such as on-the-spot visits, telephone visits, and entrusted visits, and other vivid models and distinctive brands such as "representative-to-constituency networking grid", "people’s livelihood project deputies’ voting system" and "People’s Chamber" were introduced to guide all localities to enrich the practice of people’s democracy in Hubei.

Stratified and classified to formulate six plans to deploy investigation and research work. Formulate research plans for the sub-categories of the party group of the Standing Committee, the party group of the organs, the cadres at the department level and the young cadres of the organs. Among them, the organization carried out the "Investigation on Young People’s Congress Returning to their Homes", and the young cadres under 40 years old were divided into 17 groups to carry out immersion, squatting and anatomical investigations in counterpart villages, birthplaces and workplaces, forming 19 research results such as "Cooking a Bowl of Xiangyang Beef Noodles to Enrich the People’s Industry" and "Seeing the Difficulties of Villages and Towns from Jiannan".

Up to now, members of the Standing Committee and the leading bodies of the organs have led a team to go deep into the grass-roots field investigation and study for 101 times, accumulating 108 counties (cities, districts) and promoting the solution of 13 specific problems.

Pay attention to the transformation of achievements, investigate and study to promote the solution of development problems

The transformation of achievements is the "last mile" of investigation and research, which is related to the quality and effectiveness of investigation and research.

Recently, in order to strengthen the construction of liaison stations for deputies to the provincial people’s congresses, further strengthen the ties between state organs and deputies to the national people’s congresses and the people, the Standing Committee of the Provincial People’s Congress plans to issue guiding opinions on strengthening the construction of liaison stations for deputies to the provincial people’s congresses.

Earlier, some members of the meeting of directors of the Standing Committee of the Provincial People’s Congress went to many places outside the province and in the province to investigate and found that there was an imbalance in regional development in the setting, construction and operation of representative contact sites. The research report puts forward suggestions such as vigorously promoting the standardization of platform carriers and providing support for the introduction of opinions.

Only through effective ways and means can investigation and research be promoted to decision-making and put into practice can it be effectively transformed into a "construction drawing" to solve problems, promote development and serve the masses.

On the basis of high-quality investigation and study, the Standing Committee of the Provincial People’s Congress and its organs carefully wrote investigation reports, and combined the transformation of investigation results with the overall situation of the center, typical guidance, and the establishment of rules and regulations, so as to turn them into practical measures to solve problems and ideas and measures to improve work.

Solve development problems and promote the deployment and implementation of the provincial party Committee. Some members of the meeting of directors of the Standing Committee of the Provincial People’s Congress conducted research on the management of water conservancy projects, promoted the formulation of the Regulations on the Management of Water Conservancy Projects in Hubei Province, and promoted the implementation of the comprehensive management and overall development plan of the whole province.

Strengthen the system supply and promote the development of people’s congresses in the province. Some members of the meeting of directors of the Standing Committee of the Provincial People’s Congress held district symposiums in succession, fully solicited opinions and suggestions on the upcoming five-year legislative plan, and issued guidance on further strengthening the construction of grassroots legislative contact points, and promoted the integration of provincial and municipal contact points as a whole.

On July 25th, the Fourth Session of the 14th Provincial People’s Congress Standing Committee deliberated the Regulations on the Progress of Science and Technology in Hubei Province (Revised Draft). Earlier, some members of the meeting of directors of the Standing Committee of the Provincial People’s Congress went to Jiangsu, Anhui and other places to investigate and learn from other provinces’ experience in promoting scientific and technological innovation.

Strengthen the construction of "four organs" and conserve political ecology. The organs of the Standing Committee of the Provincial People’s Congress, based on the investigation of the political ecological construction, intend to issue "Several Measures for the Standing Committee of the Provincial People’s Congress to Continuously Deepen the Political Ecological Construction", and comprehensively investigate and rectify a series of problems that affect the political ecological construction of the organs.

In the next step, the Standing Committee of the Provincial People’s Congress and its organs will continue to deepen theoretical study, lay a solid political foundation, do practical investigation and research, enhance their abilities and skills, examine and rectify in a solid way, and do a good job in establishing rules and regulations, so as to turn the achievements of thematic education into a powerful force that focuses on the center and serves the overall situation, comprehensively improve the quality and level of the work of the people’s congresses in our province, and make greater contributions to promoting the construction of pioneering areas.

The new advantages of high-quality development are accelerating the "new and new" prosperity of China’s economy

CCTV News:When it comes to China’s economy in the third quarter, a key word is used to describe it, and that is "new". Since the beginning of this year, technologies and industries related to "new" have achieved rapid growth.

High-tech industries have strong investment momentum, and the field of new kinetic energy has maintained rapid growth. Statistics from the National Bureau of Statistics show that in the first three quarters, investment in high-tech manufacturing and high-tech service industries increased by 11.3% and 11.8% year-on-year, respectively, which was 8.2 and 8.7 percentage points higher than the growth rate of all fixed assets investment, and continued to promote industrial transformation and upgrading. The added value of aviation, spacecraft and equipment manufacturing in high-tech manufacturing above designated size increased by 18.9% year-on-year, and the growth rate was 14.9 percentage points higher than that of all industries above designated size.

The new consumption format continues to be active and the market vitality is constantly stimulated. In the first three quarters, the online retail sales of physical goods increased by 8.9% year-on-year, accounting for 26.4% of the total retail sales of consumer goods, an increase of 0.7 percentage points over the same period of last year. 1— In August, the operating income of service enterprises in key areas maintained growth. The growth rates of operating income of high-tech service enterprises, science and technology service enterprises and strategic emerging service enterprises above designated size were 10.6%, 11.1% and 8.8% respectively, which were 3.4, 3.9 and 1.6 percentage points higher than those of all service enterprises above designated size.

       "New three kinds" is a hot word this year. New energy vehicles, lithium batteries and photovoltaic cells have grown well this year. The first commercial flight was completed by a large domestic plane, and the first large domestic cruise ship made its maiden voyage. The new advantages of high-quality economic development in China are being accelerated.

First-line research: the new track accelerates to the high end of the industrial chain

Optoelectronic industry is a high-tech industry with the first breakthrough in China. During the investigation, the reporter found that nowadays, China’s optoelectronics industry is achieving breakthroughs one by one, and at the same time, the upstream and downstream are accelerating integration, driving the entire industrial chain to continue to be high-end.

In a semiconductor company in Anhui, a brainstorming seminar is going on, and the scientific research teams of enterprises and universities should improve the stability of process quality during the critical period of mass production of new products. And meetings like this come almost every two months.

In February this year, this company successfully developed semiconductor materials with completely independent intellectual property rights, and it was officially mass-produced in August.

The person in charge of the enterprise told the reporter that in order to realize the revenue of hundreds of millions of yuan within one year and turn the products into industries, they had already taken out 800 million yuan to build the most advanced production line in China. However, building a production line is only the first level, and the most difficult thing is how to continuously tackle key technical problems and improve product stability.

50 million yuan is a huge investment for a start-up enterprise. Just when the enterprise was at a loss, the local government took out more than 80 million yuan to help the enterprise solve the financial pressure by applying for industrial guidance funds and equipment subsidies, and also arranged commissioners to provide all-round services in various aspects such as enterprise technological innovation and talent support.

Lin Song, Secretary of the Party Working Committee of Jinan Economic Development Zone, Lu ‘an City, Anhui Province, Director of the Management Committee:We are built as a leading enterprise in the semiconductor and electronic information industries. When the leading enterprises grow stronger, they can lead a group of small and medium-sized enterprises to settle in and play the role of extending the chain and mending the chain. At the same time, we also actively assist in attracting investment and selecting business according to the upstream and downstream situation of Gunn Semiconductor, so as to form a complete industrial supporting chain.

At present, with this enterprise as the leader, a semiconductor electronic information industrial park covering an area of 550 mu has been planned locally, and a promotion meeting on electronic information and semiconductors was held in Shenzhen last month.

       In the future, auto parts and electronic information will take root in this industrial park, and the industrial chain here will be more perfect.

Go "new" and inspire new vitality for high-quality development.

The key to new fields, new kinetic energy and new advantages lies in the word "new", and innovation is its most powerful support. Since the beginning of this year, what changes have the accelerated cultivation of new kinetic energy brought to China’s economy? What is the room for expansion of new kinetic energy in the future? With these questions, the reporter and Wu Sa, deputy director of the Institute of Economics of China Macroeconomic Research Institute, came to a high-tech enterprise in Beijing.

Coming to this start-up enterprise specializing in server production, a brand-new robot attracted our attention.

Xu Shiyue, Product Solution Manager of Hyperfusion Finance Business Department:This is an intelligent operation and maintenance robot, which can realize the whole process of server from fault detection to back-and-forth transportation to server fault maintenance. In the past, a 10,000-unit data center needed a team of 50 to 60 people to maintain it. Now, with it, only a small team of 5 to 6 people is needed.

Wu Sa, Deputy Director of the Institute of Economics of China Macroeconomic Research Institute:What is the localization rate of such a set of equipment?

Xu Shiyue, Product Solution Manager of Hyperfusion Finance Business Department:At present, the core software algorithm and hardware components of this machine have all been localized.

The person in charge of the enterprise told us that it cost nearly 5 million yuan to buy this robot, which is not a small investment for a two-year-old enterprise, but the use of new technology not only greatly improves their production efficiency, but also ensures the quality of their products. In 2022, they will spend more than 1 billion yuan on innovation and research and development. Here, we can see that the server cabinet newly developed by the enterprise has been put into the market.

Xu Shiyue, Product Solution Manager of Hyperfusion Finance Business Department:This is the liquid-cooled door. There are many liquid-cooled cooling modules and cooling units integrated in the back door of the cabinet. It can take away the heat generated in the cabinet through the circulation of liquid, which can provide better cooling capacity for the cabinet compared with the traditional air-cooled data center.

Wu Sa, Deputy Director of the Institute of Economics of China Macroeconomic Research Institute:Today, we see that we are also forming our own relative comparative advantages in some high-tech innovative fields, and they have independent intellectual property rights.

Relying on innovation, last year, the company’s revenue reached 23 billion yuan, and it achieved profitability after the first year of production.

It’s not just this company. Last year, the investment in R&D in the whole society exceeded 3 trillion yuan for the first time, and the intensity of R&D investment was 0.63 percentage points higher than that ten years ago. Today, China ranks 11th in the global innovation index and has successfully entered the ranks of innovative countries.

Wu Sa, Deputy Director of the Institute of Economics of China Macroeconomic Research Institute:I think our country’s new kinetic energy has realized some gratifying changes and trends from simple processing to innovation source, from a single technology with certain advantages to an integrated advantage of the whole product brand, from just facing a few high-end markets to a mass comprehensive market. New kinetic energy is now showing great vitality, and it will play an increasingly important role as an engine in the process of the country’s transformation and development and the construction of a modern industrial system in the future.

The north entered the "rainstorm mode", and the waterlogging in Handan, Taiyuan

  On the 18th, many places in the north were hit by heavy rain, and urban waterlogging broke out in Handan, Hebei and Taiyuan, Shanxi, and some road traffic was interrupted. According to the statistics of the Central Meteorological Observatory, this is the strongest rainfall in North China, Huanghuai and other places since the summer of this year.

  The public transportation in Handan was basically interrupted for a time, and the Fuyang River water in the city was backward flowing, and the water depth in some areas was waist-deep. Taiyuan’s 24-hour rainfall reached 135 mm, and there were many water accumulations and road collapses in the city. The local water department said that waterlogging was mainly caused by the imperfect drainage system and the relatively large rainfall. Experts said that the waterlogging caused by heavy rain exposed the historical debts of the city.

  The Central Meteorological Observatory reported on the 19th that due to the heavy rainfall, during the daytime on the 19th, there were heavy rains in Shanxi, Hebei, Henan and other places, with short-term heavy rainfall in many places, with rainfall exceeding 200mm in three hours. Serious waterlogging occurred in Taiyuan, Shanxi, Handan and Xingtai, Hebei, and flash floods occurred in Linzhou, Henan. Ma Xuekuan, chief forecaster of the Central Meteorological Observatory, said that this rainfall process has become the most extensive rainfall affecting the north since the flood season this year.

  The Shanxi Meteorological Observatory issued an orange rainstorm warning at 11: 13 on the 19th. Rainfall has occurred in 109 of the 119 counties and cities in the province, including 34 counties and cities, mainly in Lvliang, Linfen, Yuncheng and Taiyuan. It is expected that the precipitation will continue. It is reported that many bus lines in Taiyuan were shut down yesterday, public bicycle piles were closed, long-distance passenger buses were all stopped, and many flights were delayed. Rainfall caused power outages and flooding in some residential areas.

  According to the data of Shanxi Meteorological Observatory, from the afternoon of 18th to 4pm on 19th, there were heavy rains in 47 counties and cities in Shanxi, and there were heavy rains in 5 counties and cities, among which the store with the largest precipitation reached 135.7mm..

  At the same time, since yesterday morning, many places in Hebei have also been hit by heavy rain, and many cities have experienced urban waterlogging. Especially in Handan, Xingtai and Shijiazhuang in southern Hebei, there are many serious waterlogging, and the water depth in some places is waist-deep, and the traffic is almost paralyzed.

  Mr. Chen, a citizen of Xingtai, told the Beijing Youth Daily reporter that from 6 o’clock in the morning on the 19th, there was heavy rain in the local area, and the process of precipitation lasted from morning to evening. The continuous rainfall has caused serious water accumulation in the underground garage of Mr. Chen’s community. "Including my car, there are about 70 cars soaked in water. Some people have not bought insurance, and now they are worried." In addition, the road at the entrance of the community is also deep in water, causing some vehicles to "squat".

  In Henan, according to the monitoring of the meteorological department, from 6: 00 to 12: 00 on the 19 th, the rainfall of Xindayan Rainfall Station in Anyang County was 321 mm; From 10: 00 pm to 4: 00 pm, the rainfall at Donggang Rainfall Station in Linzhou City, Anyang City was 423 mm; From 11: 00 pm to 5: 00 pm, the rainfall at Yanhuashui Rainfall Station was 372 mm.

  On the afternoon of the 19th, Anyang City, Henan Province launched the Class I emergency response, the highest level of flood control. Anyang City Flood Control Headquarters said that in order to alleviate the pressure in the urban area and downstream, the flood detention area of Cuijiaqiao in Anyang County entered a state of natural flood discharge at 10 pm, and the local people have been organized to move out of the flood detention area or to take refuge in the typhoon shelter.

  Hebei Handan

  Rainstorm red warning urban waterlogging is serious

  From the evening of 18th, it began to rain in the central, southern and western parts of Hebei. The Handan Meteorological Observatory issued a rainstorm red warning signal at 5: 20 yesterday. Yesterday, the rain continued, and the rainfall in some parts of the city has exceeded 167 mm. Some low-lying sections have experienced serious water accumulation, among which the underground culvert of Congtai Bridge at the intersection of Congtai Road and National Highway 107 has been basically flooded, and some buses have stopped running, which has seriously affected residents’ travel.

  Yesterday morning, there were heavy rains in many places in Hebei, and urban waterlogging occurred in many cities, especially in Handan, Xingtai and Shijiazhuang in southern Hebei, where there were many serious waterlogging. Local residents told the reporter of Beiqing Daily that there was a waist-deep water near Handan Central Hospital yesterday morning, which caused many cars to stall on the road.

  According to the news of Handan City Public Security Fire Brigade yesterday afternoon, the public transportation in Handan City was basically interrupted for a time, and the Fuyang River was flooded. Handan fire emergency dispatched more than 40 people and transferred more than 200 people. A staff member of Handan Municipal Engineering Management Office told Beiqing Daily that the serious waterlogging in the city is mainly due to the heavy short-term rainfall. "It has been raining since yesterday, and it has hardly stopped, and the drainage of urban drainage facilities needs a process."

  At 9 o’clock yesterday morning, Dang Zhangliang, the squadron leader of the Third Squadron of the Traffic Police Brigade of Handan Development Zone, was helping the driver to push the cart because the vehicle stalled. Suddenly, he received an alarm saying that there was a 120 ambulance carrying a heart attack patient in the nearby community because of stagnant water. Because the patient needed first aid, the situation was very critical.

  After Dang Zhangliang arrived at the scene, he first called the local 120 and asked them to send another ambulance with a higher chassis to the scene. At the same time, Dang Zhangliang contacted three large forklifts. "The exhaust pipe of the forklift is very high and will not be affected by stagnant water." After the forklift arrived at the scene, Dang Zhangliang asked the forklift to drag the ambulance to a safe place, and the ambulance that arrived later relayed the patient to the hospital. Dang Zhangliang said that the whole process from the ambulance "squatting" to the patient being taken to the hospital was about 20 minutes.

  "Usually, we call the roll at 7: 00 in the morning and then go on duty, but on the 18th, we got the news that there might be a heavy rain on the 19th, so we started the emergency plan, and all the traffic police arrived at their jobs at 5: 30 in the morning." Dang Zhangliang introduced that by the afternoon of 19th, when interviewed by the reporter of Beiqing Daily, he alone had helped more than 30 drivers to push their stalled cars to a safe place, and at the same time rescued three trapped people. "There was an old lady and a child, and I carried them to a safe place. In addition, a young man broke his leg when he went out to ride a bike, and we also rescued him."

  According to CCTV, as of 5 pm yesterday, the rainfall in some areas of Handan exceeded 200 mm. Due to the heavy rain, Wangzhuang Village in Weinan became an "island", with more than a thousand villagers unable to travel and seven others lost contact.

  Taiyuan, Shanxi

  Bus stops at six major bus stations, and the surrounding expressways are basically closed.

  Shanxi Meteorological Observatory changed the orange warning of rainstorm, and the warning areas were parts of Taiyuan, Jinzhong, Xinzhou, Yangquan, Linfen, Yuncheng, Changzhi, Jincheng and Datong. Affected by cold and warm air, the rainfall in some areas in the early warning area has reached 50 mm in the past three hours, and it is expected that the precipitation will continue.

  From the evening of July 18th, Taiyuan City, Shanxi Province was hit by a heavy rainfall. At 12: 25 on the 19th, Taiyuan Meteorological Bureau issued an orange rainstorm warning, which caused large-scale water accumulation on the ground roads in Taiyuan City. At the same time, affected by the rainstorm, the expressways around Taiyuan City were basically closed, the passenger buses at six bus stations in the city were basically stopped, and some areas were blacked out. All the municipal workers in Taiyuan City were on duty and fully drained. Shanxi Meteorological Department predicted that the heavy precipitation process would last for 12 hours.

  Yesterday, Weibo, the official of the Traffic Police Detachment of Taiyuan Public Security Bureau, said that heavy rain caused some roads and bridges to accumulate water, and many vehicles broke down in the sections with deep water, which had a serious impact on the city’s travel. Taiyuan dispatched a large number of traffic police to flood control and disaster relief. For vehicles trapped in the water due to too much accumulated water, the traffic police pushed the vehicles to places with less accumulated water by hand.

  According to media reports, due to heavy rainfall, there are five serious water accumulations in Taiyuan block, among which there is a large area of water accumulation under Xiangyun Bridge on Binhe East Road, the deepest part of which is about 60 cm. According to the website data of the Public Meteorological Service Center of China Meteorological Administration, as of 8: 00 last night, the total rainfall in Taiyuan City in the past 24 hours was 135 mm, which was a heavy rain.

  Mr. Gong, a security guard in Taiyuan City, told the reporter of Beiqing Daily that the water in Xinghua Street at the entrance of their community was serious yesterday and once reached the knee position. Many cars turned off during driving. Because he and several colleagues were going to pile sandbags at the entrance of the community, they found three license plates in the water during the stacking process. "At that time, I saw a blue thing in the water. When I touched it, it was a license plate. Later, I caught another one, and my colleague also caught one." Mr. Gong said that they posted the three license plates on the window of the security room, hoping that the owner who lost the license plate could find his own license plate.

  During the rainstorm, the collapse occurred near Yingchun Street Bridge in East Central, Taiyuan City, resulting in a large pit with a diameter of about 4 meters and a depth of about 3 meters. An eyewitness told the reporter of Beiqing Daily that in yesterday’s rainstorm, there was a depression on the road first, and then the road fell and a pit appeared. He said that the location of the pit is on the auxiliary road. After the incident, the site collapse has been fenced by the police.

  In response to the waterlogging situation, the staff of Taiyuan Water Affairs Bureau told the reporter of Beiqing Daily that the waterlogging was mainly caused by the imperfect drainage system and the relatively large rainfall. "By the afternoon of the 18 th, the accumulated water on the main roads in the city has basically receded. If it doesn’t rain, the accumulated water in the city can all recede on the evening of the 19 th."

  expert

  Urban waterlogging is not an unsolvable problem

  Wang Lumin, dean of the Institute of Urban Planning and Design of Shenzhen University, told Beiqing Daily that there are various reasons for urban waterlogging, but if government departments pay enough attention to pipeline design and urban planning, it can alleviate the flood of urban waterlogging to a considerable extent.

  Dean Wang introduced that the diameter of the drainage pipeline is designed by calculation according to the long-term situation of rainstorm in a place. This diameter varies according to the location of the city, the specific location of the pipeline in the city and the importance of the location. This may lead to a problem. For example, the drainage pipeline originally located on the edge of the city has a relatively small diameter because of its unimportant position. However, with the continuous increase of urban population and the continuous expansion of urban scale, the place originally located on the edge of the city has gradually become the center of the city. At this time, managers need to constantly adjust to cope with the possible rainstorm disaster.

  In addition, Dean Wang said that the "hard land" of the city is also one of the reasons why urban waterlogging has intensified in recent years. He said that there were many grasslands and ponds in the original city. When it rained, rainwater would seep into the ground through these places. However, with the development of the city, such places gradually became less and more densely populated, and the ground was covered with relatively hard materials such as cement and asphalt. When the rainstorm came, the rainwater could not seep down, which would "plug up" the urban waterlogging.

  Dean Wang believes that the solution to urban waterlogging mainly depends on the attitude of the local government to this problem. The drainage pipeline is located underground and can’t be seen at ordinary times, but heavy rain will expose the historical debts of the city. "With a certain investment, the city can solve this problem." This edition/our reporter Qu Chang

Hainan: release authoritative information within 5 hours at the latest for major production safety accidents.

  On December 1st, the government of Hainan Province issued the Emergency Plan for Production Safety Accidents in Hainan Province (revised in 2020), proposing that "(the commander in chief) should set the rescue target → Consultation and judgment → Make a rescue plan → Carry out the rescue plan → Supervision and completion of program implementation → Make the next phase of the emergency rescue target "cycle steps to organize emergency treatment and emergency rescue work. On April 21, 2016, the Emergency Plan for Production Safety Accidents in Hainan Province (Qiong Fu Ban [2016] No.84) issued by the General Office of Hainan Provincial People’s Government was abolished at the same time.

  The "Pre-plan" is applicable to the response to the following four types of production safety accidents within the administrative area of Hainan Province: First, major and particularly major production safety accidents occurred within the administrative area; Second, production safety accidents that are beyond the disposal capacity of the people’s government of the city or county where the incident occurred and the administrative committee of Yangpu Economic Development Zone, or that span cities and counties and multiple fields (industries and departments); Third, at the request of the people’s governments of cities and counties, the administrative committee of Yangpu Economic Development Zone, or the production safety accidents that Hainan Provincial People’s Government deems necessary to deal with; Fourth, production safety accidents that need to be attended, cooperated or assisted by the emergency management department.

  Production safety accidents are divided into four grades: the first is particularly serious accidents, that is, accidents that cause more than 30 deaths, or more than 100 serious injuries (including acute industrial poisoning, the same below), or direct economic losses of more than 100 million yuan. The second is a major accident, that is, an accident that causes more than 10 people to die and less than 30 people to be seriously injured, or more than 50 million yuan and less than 100 million yuan to cause direct economic losses. The third type is a major accident, that is, an accident that causes more than 3 people and less than 10 people to die, or more than 10 people and less than 50 people to be seriously injured, or more than 10 million yuan and less than 50 million yuan to cause direct economic losses. The fourth kind is a general accident, that is, an accident that causes less than 3 deaths, or serious injuries to less than 10 people, or direct economic losses of less than 10 million yuan.

  The "Pre-plan" requires that after a major and particularly major production safety accident occurs, the Hainan Provincial Command should release the brief information of the accident to the society through the mainstream media at the first time after the accident, and release the authoritative information within 5 hours at the latest, and then release the preliminary verification, government response measures and public preventive measures, etc., and hold a press conference within 24 hours at the latest, and do a good job in the follow-up release according to the accident handling situation. (CCTV reporter Andrew West)

Many places have introduced price reduction schemes for state-owned scenic spots, and tickets for 157 scenic spots have been reduced.

  Xinhuanet Beijing, September 5th (Yu Ziru) In June this year, the National Development and Reform Commission issued "Guiding Opinions on Improving the Ticket Price Formation Mechanism of State-owned Scenic Spots and Reducing the Ticket Price of Key State-owned Scenic Spots", in order to make use of public resources such as national scenic spots, national nature reserves, national key cultural relics protection units and national parks to build tourist scenic spots, with the quality rating of 5A, and focusing on state-owned scenic spots with higher current price level, reducing the ticket price on the high side and actively promoting 4A and below.

  Recently, many places have introduced plans to reduce the ticket prices of key state-owned scenic spots. According to the deployment of the National Development and Reform Commission, tickets for a number of key state-owned scenic spots will be reduced before the end of September. Before the arrival of the "Eleventh" holiday, the ticket prices of a number of 5A-level scenic spots in China are expected to be reduced.

  Many places have introduced price reduction schemes for state-owned scenic spots.

  At present, Shaanxi, Jiangsu, Shanxi, Hunan, Shandong, Qinghai, Hubei, Anhui and other places have introduced specific plans or plans to reduce the price of state-owned scenic spots, and the decline of most scenic spots can reach 10%— 30%。

  For example, the "Several Opinions on Promoting High-quality Economic Development" issued by Anhui Province decided to reduce the ticket prices of some key state-owned scenic spots; The Shanxi Provincial Development and Reform Commission also announced that it will continue to implement the preferential policy of uniformly reducing the ticket prices of its state-owned and state-controlled A-level scenic spots by 15% until the end of 2019.

  The "Implementation Plan for Reducing Ticket Prices of State-owned Scenic Spots in Guizhou Province" issued by the Guizhou Provincial Development and Reform Commission shows that the first batch of price reduction lists of key state-owned scenic spots will be announced before the end of September, and the price authorities of cities and counties will announce a number of price reduction scenic spots before the end of October; Before the end of November, the work of price reduction in various places will be summarized, the work of price reduction in scenic spots in the whole province will be summarized, the work will be reported to the National Development and Reform Commission, and the price reduction list of state-owned scenic spots in Guizhou Province will be uniformly announced to the society.

  The Guiding Opinions on Improving the Ticket Price Formation Mechanism of State-owned Scenic Spots issued by Hubei Provincial Price Bureau requires that the ticket prices of key state-owned scenic spots should be reduced, and the ticket prices of 5A-level scenic spots should be completely reduced before September 30. Before October 31, the work of reducing the ticket price of 4A-level scenic spots will be completed in an all-round way.

  The Beijing Municipal Development and Reform Commission explicitly requires all districts to formulate a plan to reduce the ticket prices of key state-owned scenic spots, and summarize the price reduction before September 15 to correct the unreasonable income and expenditure.

  The "Several Opinions on Accelerating the Transformation and Upgrading of Tourism" issued by the Yunnan Provincial Government clearly requires that the tasks of substantially reducing the prices of tickets for state-owned scenic spots, ropeways and connecting vehicles and boats in the scenic spots and reducing the cost of tourist route products should be completed before October 1, 2018.

  Tickets for 157 scenic spots have been reduced.

  The Guiding Opinions on Improving the Ticket Price Formation Mechanism of State-owned Scenic Spots and Reducing the Ticket Price of Key State-owned Scenic Spots also requires that the ticket prices of a number of key state-owned scenic spots should be effectively reduced before the "Eleventh" Golden Week this year by carrying out pricing cost supervision and examination or cost investigation and stripping the "extra burden" of tickets.

  Recently, the National Development and Reform Commission announced that as of August 29, 157 scenic spots across the country had introduced measures to reduce ticket prices or open them free of charge, and 157 scenic spots will introduce measures to reduce ticket prices or open them free of charge before the "Eleventh" Golden Week.

  The reporter learned that among the 314 scenic spots that have taken or will take price reduction measures, there are 121 scenic spots at 5A level and 155 scenic spots at 4A level; Among them, there are 30 scenic spots that are free to open, 29 scenic spots with a price reduction of more than 30%, and 48 scenic spots with a decline of 20% to 30%.

  Among the scenic spots with definite price reduction measures, the peak season ticket price of Slender West Lake in Yangzhou dropped from 150 yuan to 100 yuan, the peak season ticket price of Laoshan in Qingdao dropped from 245 yuan to 180 yuan, the peak season ticket price of Huashan scenic spot in Shaanxi dropped from 180 yuan to 160 yuan, the peak season ticket price of Kanas, Baihaba and Hemu in Xinjiang dropped from 295 yuan to 195 yuan, the ticket price of Yellow Crane Tower in Hubei dropped from 80 yuan to 70 yuan, and the joint ticket price of Qufu "Three Holes" scenic spot dropped from 150 yuan to 140 yuan.

  Laoshan Mountain, the only 5A-level scenic spot in Qingdao, launched the "one-vote system" ticket, and the price in the peak season is 180 yuan per person, which is valid within 3 days, a decrease of 26.5% compared with the original; Shanxi’s state-owned and state-controlled A-level scenic spots will be uniformly reduced by 15%; Since September 1st this year, the tickets for the "six scenic spots" in Shennongjia Eco-tourism Zone have been reduced in an all-round way, among which the ticket price of Tianyan Scenic Area has the highest drop, reaching 25%.  

  Some scenic spots in online celebrity are restricted.

  Some scenic spots have quickly become popular because of online video platforms, attracting many people to visit. Some scenic spots in online celebrity have to be restricted because of the large number of tourists.

  For example, since July 15th this year, Chaka Salt Lake Scenic Area has restricted the flow of 50,000 people per day, and opened the online ticket pre-sale.

  Yulong Snow Mountain Glacier Park in Lijiang City, Yunnan Province also announced on May 22nd that the number of visitors allowed to enter the park will be controlled to 10,000 from now on, so as to protect glacier resources, ensure the safe operation of ropeway equipment and enhance the tourist experience.

In the New Year of the Rabbit, the controlling shareholders of securities firms changed hands: Tianfeng and Kyushu completed the change of controlling shareholders, and the change of actual controller

The change of controlling shareholder and actual controller has always been a major event concerned by the capital market. In February, a number of brokers welcomed their owners to change hands.

Today (February 16th) evening, TF Securities (SH601162, share price of 2.99 yuan, 25.911 billion yuan) announced that the company had recently received the Confirmation of Transfer Registration of China Securities Depository and Clearing Co., Ltd. from Hongtai Group and Lianfa Investment Group respectively. After the completion of this equity change, Lianfa Investment Group will no longer hold shares in the company, and Hongtai Group will become the controlling shareholder of TF Securities.

Earlier, official website of the China Securities Regulatory Commission showed that the change of major shareholders and actual controllers of Hengtai Securities was approved, and Beijing Huarong Comprehensive Investment Co., Ltd. will legally acquire 569 million shares of Hengtai Securities, and Beijing Financial Street Investment (Group) Co., Ltd., which wholly owns Huarong Investment, will become the actual controller of Hengtai Securities. In addition, on January 19th, Kyushu Securities completed the equity delivery, and the acquisition of Kyushu Securities by Wuhan Financial Holding Group was fully completed.

The "change of ownership" of the three securities firms seems to be irrelevant, but they are actually inextricably linked. Behind it is the major layout of Hubei’s financial system.

First of all, let’s look at TF Securities’s "change of ownership". This is one of the focus events in the securities industry since 2022.

On January 25th, 2022, Hubei Hongtai Group was unveiled. According to its introduction in official website, the Group is a 100% holding enterprise of Hubei Provincial Department of Finance, and it is the centralized holding entity of state-owned shares (capital) authorized by Hubei Provincial Government, the operating entity of provincial-level state-owned capital, and the orderly advance and retreat channel of provincial-level state-owned capital.

On April 1, 2022, shortly after the establishment of Hongtai Group, TF Securities announced that Renfu Medicine, the then shareholder of the company, planned to transfer its 680 million shares in TF Securities by agreement, with a corresponding price of 2.124 billion yuan. Chen Zhixiang, the general manager of Hongtai Group, publicly stated that as the core of the development of financial control platform, it is to obtain a financial license, and the equity change of TF Securities has attracted more market attention.

On September 30th, Hongtai Group spent another 1.677 billion yuan to acquire 5.99% equity in the hands of TF Securities’s three shareholders, Lianfutou Group. In the two equity acquisitions, Hongtai Group invested a total of 3.801 billion yuan and acquired 13.84% equity of TF Securities.

On December 27th, 2022, China Securities Regulatory Commission approved Hongtai Group to become the controlling shareholder of TF Securities. The announcement this evening marks that TF Securities has completely bid farewell to the situation that there is no controlling shareholder or actual controller in the ownership structure, and has become a mixed ownership structure dominated by state-owned assets and entered a new stage of development.

The relevant person in charge of Hubei Hongtai Group has also publicly stated that TF Securities is a listed securities firm, and the integrated development of the two sides should meet the requirements of both financial supervision and state-owned assets supervision. The integration and development of the two sides will achieve the "four invariants" of adhering to the marketization direction, the general rules of listed securities companies, the talent incentive mechanism and the strategic objectives. Hubei Hongtai Group will give full play to the leading role of state-owned controlling shareholders on the basis of maintaining the operational independence of TF Securities, and form a win-win situation with TF Securities on the premise of safety and compliance development.

However, judging from the performance, TF Securities’s performance last year was not satisfactory.

According to the performance forecast released at the end of January, TF Securities predicted that the net profit of returning to the mother in 2022 would be 1.271 billion yuan, while the net profit of returning to the mother in 2021 would be 586 million yuan, and the net profit of returning to the mother would turn from profit to loss. According to the company, under the severe market environment in 2022, the company suffered losses in 2022 due to the sharp decrease of self-operated business income with relatively high revenue, provision for impairment of various assets and huge losses of shareholding units.

Also in 2022, the equity of another brokerage, Kyushu Securities, was also included in the state-owned assets of Hubei Province.

In April 2022, Jiuding Group, the original shareholder of Kyushu Securities, announced that it planned to transfer 72.5% of its shares in Kyushu Securities at a transaction price of 4,886.5 million yuan.

On December 14, 2022, the CSRC approved Wuhan Development and Investment Co., Ltd., Wuhan Optics Valley Financial Holding Group Co., Ltd., Wuhan Sanheng Investment Holding Group Co., Ltd. and Wuhan Zhongtian Yucheng Commercial Management Co., Ltd. under Wuhan Jinkong to become the major shareholders of Kyushu Securities, and Wuhan Jinkong became the actual controller of Kyushu Securities.

On February 10, 2023, the subscription number of Kyushu Securities issued a document saying that on January 19, Kyushu Securities completed the equity delivery, and the acquisition of Kyushu Securities by Wuhan Financial Holding Group was fully completed. On February 8, the nomination of directors, supervisors and senior executives of Kyushu Securities was approved through research. Merlin, deputy secretary and general manager of Wuhan Jinkong Party Committee, holds the post of Party Secretary of the company, and Deng Hui, former president of changjiang securities, serves as deputy secretary and general manager of Kyushu Securities Party Committee.

Before being acquired by Wuhan Financial Holdings, Kyushu Securities had experienced a "dark moment" for a period of time. In 2018, due to the "thunder" of the asset management plan, Kyushu Securities lost more than 500 million yuan and was once suspended from relevant business qualifications for six months. Since then, the company has also become the focus of public concern because of claiming more than 300 million yuan from former employees.

After 2020, the aftermath of risk events gradually dispersed, but influenced by past events and the scale of net capital, the absolute number of profits of Kyushu Securities has been ranked in the middle and lower reaches of the industry. In 2020, Kyushu Securities achieved revenue of 631 million yuan, a year-on-year increase of 23.16%, and net profit of 132 million yuan, a year-on-year increase of 433.44%. In 2021, the revenue of Kyushu Securities was 713 million yuan, a year-on-year increase of 13%; The net profit was 126 million yuan, a year-on-year decrease of 4.39%.

After Wuhan Financial Holdings entered Kyushu Securities and Hongtai Group entered TF Securities, there are now three local securities firms in Hubei Province-Kyushu Securities, TF Securities and changjiang securities.

In addition, it is worth mentioning that although the largest shareholder in changjiang securities is the well-known Xinliyi Group, Hubei Hongtai Group is the seventh largest shareholder in changjiang securities with a shareholding ratio of 3.22%.

The original largest shareholder of Hengtai Securities was TF Securities. It took TF Securities only three years from the acquisition of Hengtai in 2019 to the withdrawal of its position as the largest shareholder.

On the evening of September 30, 2022, TF Securities announced that the company had signed an agreement with Beijing Huarong Comprehensive Investment Co., Ltd. that day, and planned to transfer 249 million shares of Hengtai Securities (accounting for 9.5754% of the total share capital of Hengtai Securities) to Beijing Huarong at a price of about 7.22 yuan/share, totaling 1.8 billion yuan.

Beijing Huarong is a holding subsidiary of Financial Street Group. Financial Street Group, its holding subsidiary Beijing Financial Street Xihuan Real Estate Co., Ltd. and its wholly-owned subsidiary Beijing Huarong Infrastructure Investment Co., Ltd. hold 6.35%, 8.12% and 5.95% respectively, totaling 20.42%. In the future, after the completion of the equity delivery of Hengtai Securities acquired by Beijing Huarong, Financial Street Group and its concerted parties will hold a total of 29.99% equity of Hengtai Securities and become the largest shareholder of Hengtai Securities.

It is worth mentioning that poor management of Hengtai Securities is also one of the main reasons for TF Securities’s losses in 2022.

On February 10th, 2023, Hengtai Securities announced that according to the information available to the company and the preliminary evaluation of the unaudited comprehensive management accounts for the year ending December 31st, 2022, it is expected that the company’s net profit attributable to shareholders of the parent company for the year ending December 31st, 2022 will be about RMB-1.159 billion, and the company’s net profit attributable to shareholders of the parent company for the year ending December 31st, 2021 will be about RMB 279 million. The company believes that compared with 2021, the decline in the company’s operating performance is mainly caused by losses in provision provision, securities investment business and direct investment business.

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