Hot spots of the week | China will completely cancel the restrictions on foreign investment access in manufacturing; Jianghuai intends to transfer the assets of Weilai Factory; Expose Wang Sicong to o

1. In the first three quarters of this year, China’s GDP increased by 5.2% year on year.

According to the data released by the National Bureau of Statistics on October 18th, the gross domestic product (GDP) of China in the first three quarters of this year was 91,302.7 billion yuan, an increase of 5.2% at constant prices. Among them, GDP in the third quarter increased by 4.9% year-on-year. In the first three quarters, the national economy continued to recover, production and supply increased steadily, market demand continued to expand, and the quality of development improved steadily. (Xinhua News Agency)

2. China will completely cancel the restrictions on foreign investment access in manufacturing.

China announced eight actions to support the high-quality construction of the Belt and Road Initiative. In the action of "supporting the construction of an open world economy", it was mentioned that the restrictions on foreign investment access in the manufacturing sector would be completely lifted. This is a further step on the basis that China’s manufacturing industry has basically opened up and the negative list manufacturing industry in the free trade pilot zone has been cleared. (China News Network)

3. The Ministry of Commerce responded to the US semiconductor export control to China.

Ministry of Commerce: China has noticed that on October 17th, the United States issued the final rules on the export control of semiconductors to China. On the basis of the provisional rules issued on October 7 last year, the final rules further tightened the export restrictions on artificial intelligence-related chips and semiconductor manufacturing equipment to China, and added a number of China entities to the "list of entities" for export control. The United States continues to generalize the concept of national security, abuse export control measures and implement unilateral bullying. China is strongly dissatisfied with this and resolutely opposes it. (Ministry of Commerce)

4、The Ministry of Natural Resources issued a document proposing to cancel the land price ceiling.

At the end of September, the Ministry of Natural Resources has issued documents to the natural resources authorities of various provinces and cities, including: it is suggested to cancel the land price limit in land auction, and it is suggested to cancel the plot ratio limit of 1.0 in the outer suburbs. According to several sources, Jinan, Nanjing, Hefei, Ningbo, Suzhou, Chengdu, Xi ‘an and other cities have taken the action of "canceling the land price ceiling", and most cities will delete the land price ceiling in the next batch of land transfer documents. Core cities such as Beijing and Shanghai are still studying how to adjust the bidding rules. (Economic Observer Network)

Last year, the number of children born in China was less than 4.5 million.

The Statistical Bulletin on the Development of China’s Health Care in 2022 recently published by the National Health and Wellness Commission shows that in 2022, the number of births of one child in China was 4.41 million, the number of births of two children was 3.72 million, and the number of births of three children and above was 1.43 million (rounded to the nearest whole number). (National Health Commission)

17c2fb612a7dc4f8a1ec09ac199118d8.jpegIn June and September, China did not import any aquatic products from Japan.

According to data released by the General Administration of Customs on the 18th, in September, China’s aquatic products imported from Japan were "zero". In the monthly report of China’s import and export statistics just released by the General Administration of Customs today, there is no record of "fish and other aquatic invertebrates" imported by China from some countries (regions) in September. (Global Times)

7. Shanghai became the first first-tier city to implement the provident fund "recognizing housing but not loans"

Shanghai announced the optimization of housing provident fund individual housing loan number identification standard. If it is clear that the employee’s family has no housing in this city, has not used the housing provident fund personal housing loan in the country or the first housing provident fund personal housing loan has been settled, it will be recognized as the first set of housing. (21st century business herald)

8. The price of Grade-8 lithium carbonate "rose three times in a row"

Recently, the price of battery-grade lithium carbonate, the core raw material of lithium batteries, has risen. As of October 16th, the price of battery-grade lithium carbonate has maintained an upward trend for three consecutive trading days. From the perspective of downstream demand, industry insiders said that local policies to promote automobile consumption continued to exert their strength, and new products of superimposed automobile enterprises were listed on the market to stimulate the release of demand. It is expected that the sales of new energy vehicles will continue to rise in the fourth quarter. (china securities journal)

9. TSMC is expected to mass-produce 2nm process chips in 2025.

Wei Zhejia, president of TSMC, disclosed at the legal person briefing that TSMC is expected to mass-produce 2nm process chips in 2025. It is said that the OEM price of TSMC’s 2nm wafer is as high as $25,000, while that of 3nm wafer is $20,000. TSMC’s plant in Arizona, USA, plans to start mass production in the first half of 2025, and the plant in Japan is expected to start mass production by the end of 2024. (First Electric)

390e48069a10565e54475f9826e1f8fe.png10. Weilai responded to the proposed transfer of factory assets.

On the evening of October 19th, Jianghuai Automobile announced that the company intends to transfer some assets through public listing, which is actually two factories jointly operated by Jianghuai and Weilai-Weilai F1 Factory and Weilai F2 Factory. "The company has learned about the partners and confirmed that this action will not affect the company’s next production and operation activities." The relevant person in charge of Weilai responded that the company will address relevant issues at an appropriate time.Communicate, and will not comment on this matter before. (national business daily)

11. Q3 net profit decreased month on month.

Contemporary Amperex Technology Co., Limited (300750) disclosed that the third quarter report showed that the company achieved revenue of 294.677 billion yuan in the first three quarters, a year-on-year increase of 40.10%; The net profit of returning to the mother was 31.145 billion yuan, a year-on-year increase of 77.05%. The company’s provision for asset impairment in the first three quarters totaled 3.097 billion yuan, which will reduce the company’s net profit for the first three quarters by 2.629 billion yuan. Among them, Contemporary Amperex Technology Co., Limited Q3 achieved revenue of 105.431 billion yuan, an increase of 8.28% year-on-year; The net profit of returning to the mother was 10.428 billion yuan, a year-on-year increase of 10.66%. According to the previous financial report, the company’s Q2 net profit was 10.895 billion yuan, and the Q3 net profit decreased by 4% from the previous month. (First Electric)

12. Xiaomi discussed vehicle OEM with BAIC and Brilliance.

It was learned from people close to Xiaomi that at the end of August this year, Xiaomi Automobile was in contact with Jianghuai Automobile to discuss matters related to OEM of new energy vehicles, but the two sides did not reach a final cooperation. In October, Xiaomi Automobile began to contact Beiqi Blue Valley and Brilliance Automobile to conduct cooperation negotiations on production and other matters. According to the person familiar with the matter, the cooperation between Xiaomi Automobile and BAIC has been further promoted, and both parties intend to enter deeper negotiations. However, the specific form of cooperation is still unknown. Informed sources said that after the first sedan, Xiaomi also plans to produce an SUV model on the line, but Xiaomi does not consider rebuilding the production line for the time being. (Interface)

13. Xiaomi will launch a new operating system.

Lei Jun announced in his personal Weibo that Xiaomi will launch a brand-new operating system, Xiaomi HyperOS. This is an epoch-making milestone for Xiaomi, and it is a key leap towards "the whole ecology of people, cars and homes". (First Electric)

14. The gross profit margin of automobiles turned positive for the first time.

Zero-run cars were announced on the Hong Kong Stock Exchange. The announcement showed that during the period, the company’s gross profit margin turned positive for the first time to 1.2%, achieving the goal of turning gross profit into positive ahead of schedule; The single-season sales revenue was 5.656 billion, up 31.9% year-on-year, and the sales volume reached 44,325 units, up 24.5% year-on-year, reaching a new high in the double-creation quarter. The net cash generated from operating activities continues to flow in. (First Electric)

15. Officially enter the Hungarian passenger car market.

A few days ago, BYD officially announced its official entry into the Hungarian passenger car market. BYD ATTO 3 (Yuan PLUS) and three pure electric models made their debut in Hungary. Since it was announced to enter the European passenger car market at the Paris Motor Show in 2022, BYD has entered 19 European countries. Hungary is BYD’s first Central and Eastern European market, which marks another important milestone for BYD to expand its global layout. (First Electric)

681538e1gy1hizpmjcnnij218y0u0aix.jpg16. Deny that the founder ran overseas.

Weimar Automobile issued an announcement in Weibo, clarifying some recent remarks, saying that it did not file for bankruptcy, and the pre-reorganization was to avoid bankruptcy self-help. At present, the company’s core positions are operating normally, and it is also said that the information uploaded by the current network, such as the founder running overseas and Weimar financing of 40 billion, is false information. (First Electric)

17. Exposed Didi Travel plans to be listed in Hong Kong next year.

According to insiders, Didi Chuxing plans to be listed on the China Hong Kong Stock Exchange next year, and the current employees have been informed to allow them to sell their shares back to the company according to the employee stock ownership plan. Didi Chuxing was listed on the New York Stock Exchange on June 30, 2021, but only every two days, the National Network Information Office issued a notice to conduct a network security review. On June 2, 2022, Didi submitted an application for delisting. (First Electric)

image.png18. Chen Siying, CEO of Auto Wei Brand, left his post.

Chen Siying, CEO of Great Wall Great Wall Motor Weipai, announced his departure from Weipai on his personal social account. Wei Pai was born in 2016, with the goal of becoming a world-class luxury SUV brand and a benchmark brand of China Automotive Intelligence. In 2018, it sold 140,000 vehicles. However, since then, the lack of explosions has started to decline year by year. In 2022, the annual sales volume was only 36,400 units. The overall management of the brand is also chaotic. According to public information, Wei Pai has replaced six CEOs since its establishment. (First Electric)

19. The new version of Model 3 Huan officially opened for sale.

On October 19th, the new version of Tesla Model 3 Huan was officially launched for sale, and the first delivery will be started at the end of October. The car was pre-sold in Chinese mainland on September 1st, and the price has not changed since it was officially sold. The new version of the rear-wheel drive is priced at 259,900 yuan, and the new version of the long-life all-wheel drive is priced at 295,900 yuan. Previously, First Electric had learned from Tesla sales staff that the other party claimed that if the price of 259,900 yuan was sold well, there would be a high probability that the price would not be reduced, and if it was not sold well, it might fall. (First Electric)

WechatIMG274.jpg20. Tesla Cybertruck will be officially delivered on November 30th.

Tesla officially announced that the world’s first delivery will be carried out at the Texas Super Factory on November 30, but the specific configuration and price of Cybertruck have not been announced. It is worth noting that Cybertruck has not opened the reservation channel on Tesla’s China official website. Cybertruck is an all-electric pickup truck launched by Tesla. Since the release of Cybertruck in November 2019, this model, which is full of cyber style and futuristic design, has been receiving much attention. (First Electric)

001Ve2Mhly1hj0d727rlzj60ty1k0gqg02.jpg21, ask M9 has officially offline.

Recently, Yuan Jiajun, secretary of Chongqing Municipal Party Committee, went to the intelligent production workshop of Sailis No.3 Factory, and it can be seen that the M9 has been officially off the assembly line, and Sailis also showed off this new car. This time, the white model M9 was unveiled. On the picture, the front of the car is rounder, and it is designed with penetrating daytime running lights. The lidar on the roof is very eye-catching. Wenjie M9 is positioned as a large SUV, and the new car will be launched in December, with a pre-sale price range of 500,000-600,000 yuan. Yu Chengdong called it "the best SUV in 10 million". (First Electric)

WX20231019-154647@2x.png22, the ideal MEGA pure electric MPV official map

The CEO released two real car maps of the ideal MEGA in Weibo with the caption "Guess the drag coefficient directly". According to the plan, the new car will be officially released in December, and will be delivered in February next year, equipped with Contemporary Amperex Technology Co., Limited Kirin battery, which is expected to be more than 500,000 yuan. (First Electric)

4a23d069gy1hiy0mwyv11j21t90zpnjj.jpg23, Tucki X9 boarding vehicle purchase tax exemption directory.

On October 19th, the Ministry of Industry and Information Technology announced today the Catalogue of New Energy Vehicles Exempted from Vehicle Purchase Tax (the seventieth batch), including 46 passenger cars, 17 pure electric buses, 13 passenger cars and 1 plug-in hybrid bus. Including Tucki X9: cruising range 640/702/610km(CLTC). (First Electric)

iShot_2023-10-19_23.00.48.png24. Delivery of the 100,000th vehicle of D9

Zhao Changjiang, general manager of Tengshi Sales Division, issued a document in Weibo, saying that the 100,000th car owner should go hand in hand to witness Tengshi speed! Cao Huicheng, the son of Cao Dewang, the "King of Glass", the vice chairman of Fuyao Group, became the 100,000 th owner of Tengshi D9. (First Electric)

722e3693gy1hix6173837j23h02bcqv6.jpg25. Zhijie S7 went offline in batches and was officially listed in November.

The length, width and height of Zhijie S7 are 4971*1963*1474mm and the wheelbase is 2950mm, respectively. It locates a large-space smart coupe. In addition to the first 4(HarmonyOS 4 intelligent cockpit and Huawei’s advanced intelligent driving system ADS 2.0, the new car looks very unique, and there is also a "big" driving space. Yu Chengdong even said without stint that its positioning specifications will surpass Tesla Model S.. (First Electric)

a2c3a443gy1hivwfvxywoj20zj0qojxt.jpg26. BYD Song L’s interior map was released, with an estimated price of 250,000 yuan.

After several warm-ups, BYD finally released the interior photos of the new SUV model Song L, which will be officially launched in the fourth quarter. Generally speaking, BYD Song L gives people a brand-new feeling, which can meet the needs of aesthetics, technology and comfort at the same time, and it can be said that it has broken the inherent impression of its "cheap feeling". (First Electric)

Wechat screenshot _20231014150015.png27. The 50th Galaxy L7 officially rolled off the assembly line.

Since the listing of Geely Yinhe L7 on May 31st, it took 33 days to quickly open the market. On July 3rd, it was announced that the first intelligent hybrid product of "Geely Yinhe" series, Geely Yinhe L7, was officially rolled off the assembly line in Baoji factory. From 10,000 to 50,000 vehicles, it took less than four months.

5582a3cfgy1 HIV P1 umpboj21900u0wo1 _ copy. jpg28. Wang Sicong was exposed to order one.

Wang Sicong was exposed to have ordered an ideal L9. He himself appeared in the ideal store, and a suspected ideal staff member took a photo with him and sent out a screenshot of the order. The netizen said: "I believe that consumption has been downgraded, and Wang Sicong has started to buy 400,000-class cars …" "Unexpectedly, one day, I will become a car friend with Wang Sicong." "Times have changed, and President Wang has returned to his family." "It turns out that Wang Sicong didn’t buy it until the discount was big." (First Electric)

29. The time limit for listing of Nezha X is 108,800.

Nezha X, a brand-new pure electric SUV model in Nezha, has been officially launched. It has launched four models, with the price range of 126,800-146,800 yuan, and can enjoy the interest of 2,000 yuan deposit to 20,000 yuan within a limited time (ending on November 30), that is, only 10.88-128,800 yuan. After the launch, the car will compete with BYD Yuan PLUS, GAC Ai ‘an Y PLUS and other models.

007QtMdagy1hiznfk532jj31td10onk6.jpg30. The listing price of Wei brand Gaoshan is 335,800-405,800 yuan.

Gaoshan, the first luxury MPV model of Wei Brand, was officially launched. The new car was launched in two versions, of which the regular version for the travel market was priced at 335,800-375,800 yuan, and the customized four-wheel drive executive extended version for business reception was priced at 405,800 yuan. The exclusive rights of up to 36,000 yuan were launched together, and the two were matched with each other to jointly attack the luxury MPV market. (First Electric)

WechatIMG464.jpg31. The new long wheelbase E-Class was officially released.

The new car is developed based on MRA platform and will be officially launched this year. The length of the car is 5092 mm, the width is 1880 mm, the height is 1493 mm and the wheelbase is 3094 mm. Equipped with 8295 intelligent cockpit chip, China’s exclusive L2+ navigation assisted driving (high-order intelligent driving), China’s exclusive over 10 luxury and comfortable rear seats, China’s exclusive "meteor-catching" light carpet, and China’s exclusive 360-degree ambient light. (First Electric)

006 of 1xily1hixd9ldwc0j32bc1jlu0y _ copy. jpg32. The blind subscription price of Star Age ES is 260,000-360,000 yuan.

Star Road Star Era ES officially opened blind booking, and the price range of new car blind booking is 260,000-360,000 yuan. In terms of new car size, the new car is 4945mm long, 1978mm wide, 1489/1480/1467mm high and 3000mm wheelbase. The comprehensive battery life is 720km, the power consumption under CLTC condition is 11.7kWh/100km, the battery life can be 150km after charging for 5 minutes, and the energy can be replenished by 30% to 80% after 15 minutes. (First Electric)

00828kInly1hixact28tyj30u60k4gp1.jpg33. Starlight made its official debut and went on the market in late November.

Wuling Xingguang debuted and will be listed in late November. It will be equipped with two latest technological achievements: Wuling Lingxi hybrid system and Shenlian battery. According to the official, Shenlian battery can be called a "pentagonal warrior", in which it can achieve no fire and zero spontaneous combustion in terms of high safety! (First Electric)

0069HxL1ly1hixfpkr3dkj31u00uok01.jpg34. The listing guide price of Nexo China Edition is 800,000 yuan.

The new car is positioned as a battery SUV with a length, width and height of 4680/1860/1640mm and a wheelbase of 2790mm. In terms of power, the maximum power of the driving motor is 120 kW, the maximum torque is 395 Nm, and the maximum speed is 179 km/h. Adopt front wheel drive. The hydrogen fuel filling time of the new car is about 5 minutes, and the endurance under CLTC condition is 550 kilometers. (First Electric)

iShot_2023-10-16_22.22.37.png35. Lumin 301km fast charging model was officially launched.

On October 18th, Changan Lumin 301km Honey Qin (Fast Charge) was officially listed, with an official guide price of 61,900 yuan. Thanks to its leading 300V voltage battery platform, it can complete 30% to 80% power replenishment in 35 minutes. The combination of fast charging and +301km battery life can realize inter-provincial travel while walking and charging.

36. Canon introduced nano-imprint semiconductor manufacturing equipment.

On October 13th, Canon Corporation of Japan announced the launch of FPA-1200NZ2C nano-imprint semiconductor manufacturing equipment, which performs circuit pattern transfer, which is the most important semiconductor manufacturing process. Nano-imprint lithography is to coat photoresist (PR) on the wafer, and then press a stamp with a specific pattern to form a circuit. Because it does not use a lens, it can realize a fine process at a lower cost than the existing exposure process. (First Electric)

37, 300mm SOI wafer manufacturing technology to achieve a major breakthrough.

Recently, the team of Wei Xing, a researcher from Shanghai Institute of Microsystems, made a breakthrough in the manufacturing technology of 300mm SOI wafer, and produced the first 300mm RF)SOI wafer in China. Based on the 300mm SOI R&D platform of the National Key Laboratory of Integrated Circuit Materials, the team successively solved many core technical problems such as preparation of low-oxygen and high-resistance crystals, deposition of low-stress and high-resistivity polysilicon thin films, and non-contact planarization required for 300mm RF-SOI wafers, and achieved a major breakthrough in the domestic 300mm SOI manufacturing technology from scratch. The independent preparation of 300mm RF-SOI wafers will strongly promote the coordinated and rapid development of the whole industrial chain of domestic RF-SOI chip design, OEM and packaging, and provide a solid guarantee for the supply security of domestic SOI wafers. (China Academy of Sciences Shanghai Microsystems Institute WeChat WeChat official account)

Huawei crossed the river by building a car and feeling well-off

Huawei crossed the river by building a car and feeling well-off

The M7 sold well just after the pre-sale. The outside world is concerned about Huawei, which sells cars, rather than building a well-off society. Huawei stole all the limelight.

This is the third car that Huawei has cooperated with Cyrus, a subsidiary of Xiaokang, and the second car under the AITO brand. Strictly speaking, M7 is not Huawei’s own car, because its brand name, manufacturing and sales revenue are all owned by Xiaokang Sailis. But the outside world believes that this is Huawei’s car, which was released by Huawei, sold in Huawei’s stores, and personally sold by the top leaders of Huawei’s automobile business.

Actor Hu Jun and Olympic boxing champion Zou Shiming both booked M7. Anyone with a discerning eye can see that they are coming for Huawei, not a well-off society.

The outside world is worried that Xiaokang will become Huawei’s foundry, but Xiaokang does not admit that it has its own ideas. Xiaokang wants to use Huawei’s strength to realize the transformation of new energy automobile business, and the sparrow becomes a phoenix. Its new factory in Shapingba, Chongqing, which is used to produce M7, is called "Phoenix".

But the cooperation with Huawei is both beautiful and dangerous.

From the first car, the Celestial SF5, to the third car, the M7, Huawei’s involvement is getting deeper and deeper, and its voice is getting bigger and bigger.

A Cyrus channel manager told Shentu that the previous rule was that Huawei was in charge of sales and marketing, while Cyrus was in charge of delivery and service, but recently, Huawei slowly began to infiltrate delivery. "The head and deputy head of some stores are all Huawei people, and they are very ambitious."

No company has ever been involved in building cars like Huawei. Huawei has always denied building a car, but it is infinitely close to building a car, making its boundaries blurred. The so-called "asking the boundary" is somewhat "asking the boundary".

However, this does not prevent a well-off society from making money. Shortly after the release of M7, Xiaokang changed its company name to "Sailis" and announced that it had completed a fixed increase of 7.1 billion yuan, which is the largest auto financing project of A shares this year.

Above the water, the two sides cooperated to build a car, which was prosperous, but below the water, the undercurrent surged, and both sides played their own abacus.

Asking for directions by throwing stones: the first car and the third venture

Before cooperating with Xiaokang, Huawei had already entered the automobile industry, and was officially announced at the Shanghai Auto Show in 2019. At that time, it was positioned as a component supplier.

Its partners are not only well-off. BAIC, Changan and GAC, three traditional car companies with deep backgrounds, all cooperated with Huawei, and the time was earlier than Xiaokang.

But in the end, the deepest cooperation with Huawei, the earliest landing and the biggest movement were the well-off society with the weakest sense of existence.

Xiaokang is a traditional car company in Chongqing, and it doesn’t rank very well in the car-making rivers and lakes in China. The earliest company was called Yu ‘an Group, which made motorcycles and had nothing to do with cars. Later, it cooperated with Dongfeng Motor to build the brand "Dongfeng Xiaokang", cut into the automobile industry, and became famous by low-priced vans, and the company was renamed "Xiaokang".

The cooperation with Huawei can be regarded as the third venture of a well-off society.Xiaokang wants to take the road of cooperation with Dongfeng again-set up a new company, Sailis, and build a new energy automobile brand, AITO. The company was renamed "Sailis".

For a well-off society, Huawei’s role is just like the Dongfeng of that year, and it is a white knight on the road to transformation.

Previously, the brand image of Xiaokang has been relatively low-end. Since 2016, it has been a new energy vehicle, which has cost a lot of money and achieved little results. This time, it chose to give its soul to Huawei, trying to make another gamble in the direction of new energy vehicles.

Huawei has always declared that it won’t build cars and wants to be a supplier, but now Yu Chengdong, who is actually in charge of Huawei’s automobile business, has ambitions beyond suppliers.

Huawei is deeply involved as a supplier in the Extreme Fox Alpha S HI version, with many highlights and strong gimmicks, but it has repeatedly delayed delivery; Aouita, built in cooperation with Chang ‘an and Contemporary Amperex Technology Co., Limited, has a high starting point, but it is still unknown whether the market will buy it or not. Only a well-off society, let Huawei take the lead in "getting on the bus", and it is three in one breath.

From mobile phones to cars, Huawei is broadening its own borders on the one hand, and on the other hand, it is also looking at it while walking, throwing stones and asking for directions.

If Huawei is the person who asks for directions on the road to building a car, then a well-off society is a stone thrown by Huawei.

Sailis SF5 is the first car sold by Huawei. This car was released at the Shanghai Auto Show in April last year, produced by Xiaokang, equipped with Huawei’s smart cockpit solution HiCar, electric drive system and audio unit, and sold in Huawei’s mobile phone experience store.

Sailisi SF5

This first "investment" was not successful, and more than 8,000 vehicles were delivered in 2021. One of the reasons is that Huawei is not deeply involved in this car.

Sailis SF5 was actually released as early as 2019. This is the first model of Xiaokang Sailis, and its sales volume is very bleak. After Huawei reached a cooperation with Xiaokang in 2021, it sent a team to improve this car. However, due to the tight time, this car has no essential change in product strength.

After a bad start, Huawei threw out the second stone, this time it was the new brand AITO and the first model M5, or it cooperated with Xiaokang.

Compared with Lisi SF5, Huawei should be more involved in M5. Huawei led the design, R&D and marketing of the M5, and installed all the Huawei components that can be used, including the Huawei HarmonyOS system. Therefore, this car is called the first HarmonyOS car.

The new car was also released by Huawei. Yu Chengdong spent more than an hour at the end of the conference to promote the car.This is the first time in the automobile industry that a mobile phone manufacturer has released cars produced by other car companies.

This second "vote" was a success. Under Huawei’s vigorous shouting, the M5 delivered over 10,000 yuan in three months, which caused some splash in the Jianghu.

There is a saying in the industry that "three generations of Huawei produce high-quality products". By the time the third car comes to the M7, it already has the explosion potential.

M7 appeared at Huawei’s new product launch conference in July. Previously, Huawei has done a lot of preheating for it, which has aroused the market appetite. Yu Chengdong’s enthusiasm for promoting this car even surpassed that of mobile phones.

According to the official data, the M7 pre-sold 60,000 vehicles in three days. This achievement is quite eye-catching in the car circle, indicating that Huawei has figured out the way to sell cars.

However, the question also follows. Who does the car built under this cooperation mode belong to? How to locate your identity when you still have a weak sense of well-off?

Take what you want: Huawei wants fame, well-off society wants profit.

Huawei firmly controls the dominance of this cooperation. Many people have drawn the equal sign between the company and Huawei directly, so that the owner of M5 in the company has removed the "Sailis" logo from the rear of the car and replaced it with Huawei logo. Is Huawei building a car? It’s like a window paper, and it will break when you poke it.

Huawei needs cars.Even if "the automobile business is Huawei’s only loss-making business, which costs more than one billion dollars a year", it must be done.

After being sanctioned by the United States two years ago, Huawei was unable to get 5G chips from the outside and was forced to sell its glory. The mobile phone business that originally contributed a lot of revenue to Huawei experienced a cliff-like decline.Only cars can fill the gap in the lack of mobile phones.

However, it is not convenient for Huawei to build a car directly. Some analysts believe that Europe is an important market for Huawei’s traditional business. Huawei does not want to turn European car giants into enemies because of building cars, leaving a handle that is both a supplier and a competitor.

The top-level tone comes from Ren Zhengfei. He hopes that Huawei will become a global first-class supplier of smart cars and "help car companies build good cars". The "No suggestions to build cars" order issued by him is still valid for more than one year.

Source/vision china

Yu Chengdong, the "hawk", is more anxious than others. He made a crazy test on the border of Huawei’s car-making, which not only violated Ren Zhengfei, but also cleverly went deep into the product process of car-making. The final product was two new cars arranged by Huawei, which created this magical cooperation model with Xiaokang.

Generally, traditional Tier 1 suppliers are less likely to publicize, and consumers are more inclined to know about car companies than suppliers who provide parts.. Judging from the official information that Huawei wants to be a smart car, the positioning should be to be a Tier 1 supplier that provides parts for car companies. The boundary is relatively clear and will not enter the vehicle field. However, from the current cooperation with some automakers, there are also some cooperation with vague boundaries. Especially this year’s AITO brand. According to the experts of Third Bridge High-tech Consulting,The supplier role of Huawei Tier 1 seems to be beginning to blur.

Huawei took a step forward from Tier1 and became Tier0.5, which crossed the border a little bit and even took the lead. In this process,Xiaokang became that stone, which not only made Huawei ask for directions, but also let it cross the river by feeling the stones.

Let’s look at the other side of cooperation-Xiaokang.

Many people believe that Xiaokang is gradually becoming Huawei’s foundry and losing its dominant position. However, in the narrative of well-off, it is on an equal footing with Huawei and will not do OEM, even though it mainly undertakes the production function.

"I didn’t do a foundry before and now, let alone a foundry." Zhang Xinghai, who has stepped down as the chairman of the group and retired from the background, said categorically at an investor exchange meeting in January this year.

In Zhang Xinghai’s view, Xiaokang entered the automobile industry through cooperation with Dongfeng Group 18 years ago, and achieved the first successful cross-border without being a foundry. So if we cooperate with Huawei for the second cross-border, we will not be a foundry.

This is consistent with Huawei’s external caliber: "The car is still a well-off Cyrus, and Huawei’s role is to assist.. "

Whether it’s a main attack or an assist, it’s not a problem until the cake gets bigger, because there is no cake to be divided. It would be nice for both sides to do their best, take what they need and push forward the matter of building cars.

According to Xiaokang, the cooperation mode between Huawei and Xiaokang is:Huawei is deeply involved in product definition, quality control and channel sales, while Xiaokang is responsible for R&D, manufacturing, delivery, service and creating a life-cycle user experience.

In short, Huawei decides what cars to build and how to build them, and is responsible for selling them, while Xiaokang is responsible for production delivery and after-sales service.

Liu He, the channel manager of Cyrus, confirmed this statement to Shentu. "Huawei is responsible for sales and marketing, and Cyrus is responsible for delivery and service, so the experience center is Huawei and the user center is Cyrus." He said. At the beginning of this year, Celeste’s national stores have been changed into AITO brand user centers one after another, in order to prepare for fully promoting the sales and service of vehicles with the brand of Wenjie.

Regardless of the project dominance, the benefits that a well-off society will gain from it are obvious.

An industry insider who is close to a well-off society told Shentu,The brand of the car is well-off, and the sales revenue is well-off. For every car sold by Huawei’s stores, the corresponding commission is extracted.. Therefore, even if Huawei is deeply involved in product definition, it will still be a supplier model in the end.

For Huawei, the long-term strategic significance is greater than the short-term financial return. Huawei took this opportunity to penetrate the intelligent networked automobile market, go deep into the automobile manufacturing process, and complete the layout in terminal sales, which is more convenient than building cars directly by itself.

Moreover, as long as the series of models in the world continue to sell well, Huawei has set a benchmark case in the industry, which has laid the foundation for Huawei to cast a bigger net.

Don’t ask West East: Will the delicate relationship be broken?

After more than a year of cooperation, although there are rumors from time to time, Huawei has not made equity investment in Xiaokang. This casts a layer of uncertainty on the stability of this cooperation.

"There is no joint venture between Huawei and Xiaokang, and it can be withdrawn immediately if it is withdrawn." Liu He said to the deep road.

At present, both Xiaokang and Huawei are open to the outside world."It is not up to us to decide who Huawei cooperates with." Xiaokang once said.

Huawei is now involved in building a car in three modes:

First, as a component supplier., providing car networking modules and other spare parts products to car manufacturers, such as Huawei’s motor and battery management system, etc. This model has the lowest participation of Huawei;

The second is HI(Huawei Inside) mode.Car companies use Huawei’s complete set of smart car solutions, and the tail of the vehicle is marked with "HI". Typical cases are extremely fox and Aouita;

The third is the "Huawei Intelligent Selection" model., led by Huawei, provides full-stack solutions, and Huawei terminal BG defines products, carries out industrial design, grasps user experience and realizes product sales. This model has the deepest participation of Huawei.

Of these three modes, the first two toB (for enterprises) and the third toC (for consumers), and Yu Chengdong, who has been in charge of Huawei’s consumer business before, is famous for his "big mouth", prefers the third mode. Xiaokang is the only partner with a project under this model.

Huawei has every right and freedom to choose more partners, just as it can decide whose car to drive into its 5000 stores nationwide. It is reported that Chery, Jianghuai and Polar Fox, in addition to Cyrus, have reached cooperation intentions with Huawei to choose smart cars.

Previously, only Celestial SF5 and Wenjie M5 were sold in Huawei offline stores. With the delivery of the Extreme Fox Alfa S HI version, Aouita 11 opened the reservation, and more models were queuing to enter Huawei stores. Xiaokang will soon be no longer the only one.

Huawei’s background and power make many car companies both love and fear when they cooperate. Liu He said to Shentu, "Huawei has people in almost every department in Celeste, and the personnel department is no exception."

Contradictions and frictions in cooperation are inevitable. Liu He was puzzled by the complicated relationship between Cyrus and Huawei, and it was difficult for him to understand Huawei’s culture. "Xiaokang wants to learn Huawei’s wolf culture, but Huawei’s so-called wolf culture shows a strong desire for control and wants to catch everything. It’s really unbearable."

Xiaokang is well aware of his situation. How to maximize the benefits in this subtle cooperative relationship and draw a clear line of safety at the same time is a big test for a well-off society.

Xiaokang doesn’t want to be a foundry,It hopes to turn Huawei’s power into its own and gain more say for its future development.

An anonymous user said that Xiaokang invited Huawei to write the basic law of Xiaokang, learn super hard every day, make a value evaluation system, and offer online classes like universities, with various activities every month. These practices are to learn from Huawei’s organizational competitiveness.

This is also reflected in the organizational structure.

At the end of last year, Xu Lin, CTO of Xiaokang Co., Ltd., added a new title-President of Celeste (rotating), which was the first time that Celeste appeared as the rotating president. Huawei began to implement the rotating CEO system as early as 2011, and implemented the rotating chairman system in 2018.

Huawei crossed the river by building a car and feeling well-off

According to a recruitment information obtained by Shentu, Xiaokang was still recruiting a rotating president in March this year, and his work place was located in Chongqing. At that time, he was also recruiting the general manager of the Science and Technology Center, the general manager of the M5 product lines in Wenjie, and the director of Huawei’s background strategic planning department. The position of director of strategic planning department is directly related to Huawei, requiring familiarity with Huawei BLM and leading the strategy formulation of BU or BG.

Xiaokang has its own ideas, and it tries to use Huawei’s strength to complete organizational change and strategic transformation.

Some people regard the cooperation between Huawei and Xiaokang as a special choice in a special period. In the difficult period of each other, the two sides hit it off and created an unprecedented cooperation mode, leaving a big stone behind the already unsettled lake surface of the car circle.

This thrilling leap may enable Huawei to cross the river and go ashore well-off. But after crossing the river, the time to cut the cake has not yet arrived.

Growth enterprise market index fell by 1.37%, northbound funds sold by 4.4 billion yuan, and the precious metals sector rose against the trend.

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  The three major indexes of A shares fell collectively,It fell by nearly 1.4%, and the net sales of northbound funds exceeded 4 billion. On the disk, the mining industry rose sharply, and Tongyuan Petroleum, Baken Energy, Bomaike, Zhongman Petroleum and Renzhi shares rose daily. The precious metals sector strengthened, Sichuan gold rose daily, and Zhongrun resources rose by more than 8%. Diet pills, oil, gas, jewelry, aerospace and other sectors are in the forefront of the increase list. Energy metals, semiconductors, Chiplet concepts, memory chips, PVDF concepts, batteries, fluorine chemicals and passive components performed poorly, leading the market down.

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  As of the close of noon,Down 0.40% to 3075.80 points; The Shenzhen Component Index fell 0.99% to 9968.99 points; Growth enterprise market index fell 1.37% to 1969.24 points; The Science and Technology 50 Index fell 1.49% to 878.47 points. The total turnover of the two cities in half a day was 525.2 billion, and the net sales of northbound funds was 4.415 billion.

  The closing rate of 45 shares is 67.16%.

  In terms of daily limit stocks, as of noon closing, a total of 45 stocks had daily limit, and another 22 stocks once touched the daily limit, with a closing rate of 67.16%.

  In terms of individual stocks, the auto sector has multiple daily limit, Shenglong shares have 15 days and 8 boards, and Jintuo shares and Beiqi Blue Valley have daily limit; Oil and gas stocks rose collectively, with daily limit of Tongyuan Oil, Beken Energy, Bomaike and Zhongman Oil. Gold stocks fluctuated and strengthened, and Sichuan gold rose daily; The concept stocks of diet pills continue to be active, and Baihua Medicine and Shuanglu Pharmaceutical have daily limit; The concept stocks of computing power fluctuated and rebounded, and Sichuan Changhong, Tongfang, and Tefa Information had daily limit; Military stocks changed in intraday trading, Morning Air rose more than 10%, and Zhongtian Rocket had a daily limit. In terms of decline, chip stocks collectively adjusted to make a good limit.

  Northbound capital: net outflow of 4.415 billion yuan.

  As of midday, there was a net outflow of northbound funds, of whichThe net outflow was 1.994 billion yuan, and the net outflow of Shenzhen Stock Connect was 2.421 billion yuan, totaling 4.415 billion yuan.

  industryDirection: 370 million inflows of precious metals

  In terms of industry funds, as of noon closing, precious metals, mining industries, etc.Ranked high, with a net inflow of precious metals of 370 million yuan.

  In terms of net outflow, the net outflow of optical optoelectronics and semiconductors ranks high, of which the net outflow of optical optoelectronics is 3 billion yuan.

  Transaction amount of individual stocks TOP10

  In terms of the turnover of individual stocks, as of the close of noon, Cyrus ranked first in the two cities, with a turnover of 7.433 billion yuan; Shenzhen O-film Tech Co.,lt ranked second with a turnover of 6.678 billion yuan.

  Today’s news

  The adjustment and optimization of securities lending related systems is conducive to activating the market and boosting confidence.

  On October 14th, the CSRC adjusted and optimized the system of securities lending and strategic investors’ lending of allotment shares, and tightened the securities lending and strategic investors’ lending of allotment shares in stages on the premise of keeping the system relatively stable. On the same day, the Shanghai and Shenzhen Stock Exchanges issued "On Optimizing Securities Margin Trading andThe notice on relevant arrangements for securities lending transactions further refines the relevant rules, and the increase in the margin ratio for securities lending will be implemented as of October 30, and other provisions will be implemented as of October 16. Tian Lihui, dean of the Institute of Financial Development of Nankai University, told the Securities Daily that the optimization of the securities lending system has increased the cost of securities lending, constrained the insider’s securities lending behavior, and demonstrated that the regulatory authorities are advancing with the times on the premise of respecting the market. Strengthen the responsibility and actions of "countercyclical adjustment".

  The central bank continued to exceed 789 billion yuan, and the MLF interest rate remained stable.

  The central bank launched a 7-day reversal of 106 billion yuanOperation and 789 billion yuan one-year MLF operation, won the bid.Both are flat, 1.8% and 2.5% respectively. Today, there are 240 billion yuan of reverse repurchase and 50 billion yuan of treasury cash deposits due.

  40 billion! The securities industry today targeted "RRR cuts"!

  China Securities Depository and Clearing Co., Ltd. will formally implement the arrangement of reducing the minimum settlement reserve for stock business on October 16, 2023. After the implementation, the proportion of reserve payment will be reduced from the original 16% to the expected target of 13% on average, which is nearly 40 billion yuan compared with the funds released in September.

  Good news! ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank and Bank of Communications announced fee reduction and profit reduction.

  In order to further guide the banking industry to support the development of the real economy and enhance people’s financial consumption experience, on October 12th, under the guidance of the regulatory authorities, China Banking Association issued the Proposal on Adjusting the Price of Some Banking Services to Improve the Quality and Efficiency of Services. Specifically, the fee reduction and profit-making projects involve bill handling fee, cost, personal deposit account statement printing fee, cost of security authentication tool, credit card transaction reminder, overpayment transfer fee, annual fee replenishment mechanism, repayment time and tolerance service mechanism, etc. As of October 13th, Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, Bank of Communications, etc. have announced that they will actively respond to the initiative of China Banking Association, increase the efforts to reduce fees and make profits, and continuously optimize customers’ financial experience, but the specific implementation details and implementation time need to be announced later.

  Pan Gongsheng, the governor of the central bank, recently voiced that monetary policy should continue to exert efforts and take advantage of the situation

  Pan Gongsheng said that in the next step, China will pay more attention to the balance between economic growth and sustainability and actively promote high-quality and sustainable development on the basis of maintaining a reasonable growth rate. In terms of monetary policy, Pan Gongsheng said that China’s prudent monetary policy is precise and powerful, and it has intensified countercyclical adjustment, effectively responding to domestic and international risk challenges and consolidating the economic recovery. In the next step, we should continue to exert ourselves and take advantage of the situation, give full play to the dual functions of monetary policy tools, focus on expanding domestic demand, boost confidence, accelerate the virtuous circle of the economy, and provide stronger support for the real economy.

  After the holiday, non-stop research on pharmaceutical stocks and diet pills has attracted special attention.

  The attention of institutions to the pharmaceutical sector is increasing. In terms of funds, more than one pharmaceutical stock has boarded in the past week.Many institutions continue to increase their positions. ConggeFrom the point of view, some strategy chiefs once again listed the pharmaceutical sector as one of the key sectors in the fourth quarter. In addition, in just one week after the National Day holiday, many pharmaceutical companies have accepted dozens of well-known companies..

  Public offering to play new music is tireless in order to enhance income.

  Since this year, participationPublic offeringThe number of products reached 4,848, and the total amount allocated reached 46.056 billion yuan, of which 74% of equity funds in the whole market participated.. The market continues to fluctuate, and innovation is considered to be one of the important ways for Public Offering of Fund to obtain low-risk absolute returns. The data shows that dozens of small-scale funds this yearFor itContributed at least 2 percentage points of income.

  The latest shareholding exposure of social security fund! Appeared in a number of A-share companies favor these stocks.

  With the disclosure of the third quarterly report of listed companies in 2023,The fund’s position trend also shows the tip of the iceberg. The latest three quarterly reports that have been disclosed at present show that social security funds have appeared in the top ten of a-share listed companies in the third quarter of this year.Among them, companies with relatively stable operation and performance are generally favored.

  Institutional point of view

  Guosheng Securities: It is expected that the demand for home furnishing in the peak season of "Golden September and Silver 10" will continue.

  Guosheng Securities Research Report pointed out that household consumption recovered during the 11th period, and the growth of Q4 leader is expected to accelerate. All home stores have started the "home rejuvenation consumption season" nationwide, and all regions have actively cooperated with the government to issue and undertake electronic coupons. We expect that the demand in the "Golden September and Silver 10" peak season will continue, and there is still room for improvement in the demand of first-and second-tier cities under the catalysis of policies, and the growth of home leading performance is expected to accelerate under the low Q4 base.

  Guotai Junan: The siphon effect in the beauty industry is further enhanced.

  Guotai Junan Research Report pointed out that the siphon effect of the beauty industry was significant in 2023, and it is expected that the growth rate of the Double Eleven will improve. Under the background of slow recovery of the consumption market, consumers tend to concentrate on buying when the big promotion discount is strong, so the siphon effect of the beauty market in 23 years has been further enhanced. Specifically, the growth rate of brands in Q1 and Q3 has dropped significantly in the off-season, but the head beauty companies in Q2 have made marginal improvements under the catalysis of 618. We expect that the beauty industry is expected to see an improvement in growth rate under the catalysis of the annual big promotion and double eleven.

  Dongguan Securities: The pharmaceutical sector is at a relatively low valuation in the past decade, and the sentiment of the sector continues to pick up.

  Dongguan Securities Research Report pointed out that the over-allocation rating of the pharmaceutical and biological industries should be maintained. The diet medicine industry chain has driven the plate sentiment to continue to pick up. In the sub-edition, GSK is the exclusive agent of Zhifei Bio.The heavy products of herpes zoster are good for stimulation, and the vaccine sector is among the top gainers this week. At present, the pharmaceutical sector is at a relatively low valuation in the past decade, and the sentiment of the sector continues to pick up. We can be moderately optimistic about the current position of the sector, and follow-up suggestions are to pay attention to structural opportunities such as diet pills industry chain, innovative drugs and medical services. The concerned sectors include medical equipment: Mindray Medical, UIH Medical and Australian-Chinese Endoscopy. Pharmaceutical business: Yifeng pharmacy, Dashenlin, Yinxintang. Medical beauty: Aimeike, Huadong Medicine, etc. Chinese medicine: China Resources Sanjiu, Tongrentang, Yiling Pharmaceutical; Innovative drugs: Hengrui Pharma, Huadong Medicine, etc.

  Zheshang Securities: It is expected that monetary policy will continue to be loose.

  Zheshang Securities Research Report pointed out that the total amount of credit was stable in September, but the resilience of the structure was relatively weak. We believe that China’s economy is still in a weak repair period, and credit data is still driven by "supply". Relevant policies are still needed to continue to pull "demand". As of September, we estimated that the excess savings balance of residents was 7.27 trillion yuan, an increase of about 93.7 billion yuan over the previous month, and continued to accumulate. In September, both the growth rates of M2 and M1 dropped, and the growth rate of M1 dropped to 2.1%, which means that the economic vitality still has room for repair. Generally speaking, we expect monetary policy to continue its loose tone, but the broad currency may converge and the focus will shift to broad credit. For large-scale assets, it is expected that China’s fundamental policies may be gradually strengthened, stocks attach importance to cyclical investment opportunities, and bonds remain volatile.

  Ping An Securities: Structural warming characteristics are heating up.

  Ping An Securities Research Report pointed out that A shares continued to consolidate last week, and the performance of electronics and automobile industries was relatively dominant, with obvious structural recovery characteristics. On the whole, although the short-term overseas risk disturbance still exists, the direction of marginal improvement of domestic economy and sustained efforts of policies has not changed, and the cost-effectiveness ratio of A-shares that have been adjusted to the relatively bottom area will gradually emerge in global risk assets. Structurally, it is suggested to continue to pay attention to the pro-cyclical dividend strategy, the pharmaceutical sector with a warmer market sentiment, the automobile sector with a rebound and transformation, and the TMT sector under the wave of technological trends.

  CITIC Securities: Continue to pay attention to Huawei’s industrial chain and the "Kunpeng+Shengteng" ecology.

  Citic Securities Research Report pointed out that overall, the global semiconductor boom has gradually bottomed out in Q2 this year. In September, the launch of Huawei+Apple’s new machine is expected to drive a new wave of rotating machines, and Q3 will start to consume electronics or enter the traditional peak season. The bottom of the memory chip cycle is clear, and DRAM/NAND welcomes the price increase; The performance of digital chips is divided, the downstream demand such as mobile phones and PCs is gradually recovering, and the demand related to AI is in an explosive growth stage; Analog chips are still waiting for the recovery of downstream demand, and the industry is under short-term pressure. Breakthroughs in core "stuck neck" links such as chips also boosted market confidence. In the short and medium term, it is suggested to continue to pay attention to Huawei’s industrial chain and the "Kunpeng+Shengteng" ecology. In the long run, the upstream high-end equipment, parts and materials will be the most direct beneficiaries of domestic alternative logic. Follow-up should continue to pay attention to Huawei’s shipments, chip yield, orders and further restrictions in the United States.

  GF Securities: Social integration was acceptable in September, and it is expected to continue to be repaired this year.

  GF Securities Research Report said that the current market pricing impact clues are more complicated and diversified; Objectively speaking, the social integration data in September is still relatively positive. Looking back, the total amount of social integration still has the kinetic energy to be further repaired during the year. First, the central bank’s meeting on August 18th explicitly demanded that "major financial institutions should take the initiative and increase the lending, and state-owned banks should continue to play a pillar role", which is obviously different from the "moderate total amount and steady pace" at the beginning of the year. Second, corporate bonds have a low negative feedback base in the bond market in the fourth quarter of last year; The third is the stock mortgage.After the adjustment, the early repayment behavior of residential departments may be reduced; Fourth, a new round of debt securitization may bring about some social integration increments. The social financing structure may also be optimized, and long-term loans in the enterprise sector may be affected by debt conversion, but the actual financing demand should not be too bad in the environment of profit recovery and centralized issuance of special bonds.

  China CITIC Construction Investment Co., Ltd.: Huawei’s cross-border orders continue to exceed expectations, and related industrial chains are expected to benefit.

  Citic Jiantou pointed out that the latest data of the Association showed that the wholesale sales volume of passenger cars in September was 2,451,700, +6.8% year-on-year and+9.6% quarter-on-quarter; Retail sales were 2,018,500 vehicles, up +5.0% year-on-year and+5.0% quarter-on-quarter; The wholesale of new energy passenger cars was 829,000, +23.0% year-on-year and +4.2% quarter-on-quarter, corresponding to the electrification penetration rate of 33.81%; On September 25-30, it retailed 128,600 vehicles, which was-5% year-on-year; Wholesale 153,500 vehicles, -6% year-on-year, and the wholesale end weakened slightly year-on-year. Recently, the new M7, Tucki G9, Zhiji LS6 and other models have been put on the market, and the price bands have dropped significantly. Among them, the new M7 car in the world of inquiry has a high degree of attention. On October 6th, the world of inquiry revealed that it had definitely exceeded 50,000 units, because its own products were strong and coincided with the high attention of Huawei’s mobile phone brand, and the M7 car in the world of inquiry spread in circles. The order of the intelligent driving version exceeded 60%, and the user’s cognition and acceptance of high-level intelligent driving was significantly improved. The automobile supply chain in Wenjie is improving its production capacity, and the parts with high value and high share are expected to benefit.

  CICC: Focus on three main investment lines in combination with the results of the third quarterly report.

  The research report of CICC believes that three main investment lines should be paid attention to in combination with the performance of the third quarterly report. As the profitability of listed companies is expected to improve marginally, compared with the first half of the year, it is suggested to increase the allocation weight in the fields of performance cashing and fundamental improvement. At present, high-growth areas are still relatively scarce, so it may be an important investment idea to grasp the fundamental inflection point and repair elasticity. In the stage of performance forecast and report disclosure of the third quarterly report, we should focus on: 1) the booming areas where the performance of the third quarterly report may exceed expectations or improve month on month. 2) The sub-sectors of scientific and technological growth that conform to new technologies and trends and have industrial catalysis, such as communications, semiconductors, consumer electronics, etc., which are expected to benefit from industrial autonomy and their own industrial prosperity improvement, and the pharmaceutical organisms that have been adjusted more in the early stage and have marginal mitigation expectations in industrial policies are also worthy of attention. 3) The improvement of demand, the improvement of supply pattern such as inventory and production capacity, and the areas with strong performance flexibility are worthy of attention, such as liquor, auto parts and upstream resource industries.

  Donghai securities: All-vanadium flow battery meets the development opportunity

  Donghai securities Research Report pointed out that the safety of energy storage power stations requires the development trend of superimposed long-term energy storage, and all-vanadium redox flow batteries meet the development opportunity. The high installed capacity of wind and solar energy has improved the demand of new power system for consumption, peak regulation and frequency modulation, superimposed with the implementation of relevant domestic storage policies, and the long-term trend of energy storage has become increasingly clear, and the long-term energy storage route such as all-vanadium redox flow battery has a good opportunity for development. At present, the life cycle cost of vanadium battery is better than that of lithium battery and sodium battery. Marginal cost decreases with the length of energy storage, and the cost advantage is prominent in the long-term energy storage market. In addition, the construction period of vanadium battery is short, the floor space is small, the site selection is not limited by natural resources, and it can flexibly adapt to all sides of the source grid load and has stronger adaptability to wind and solar installations. At present, the industrial chain of vanadium batteries has basically formed, and the market demand needs to be released urgently.

  Hua Fu Securities: The quarter-on-quarter improvement of some tracks in the chemical industry is worth looking forward to

  Hua Fu Securities Research Report pointed out that the third quarterly report was disclosed in October, and the quarter-on-quarter improvement of some tracks in the chemical industry is worth looking forward to. Looking to the future, it is necessary to actively grasp the profit release and high profit under the background of high prosperity of traditional energy (coal-crude oil)The high dividend effect brought by low valuation, while actively tracking the changes in the sub-track. It is suggested to pay attention to: 1) energy security: China’s special estimate, abundant cash flow & stable dividends; 2) Middle and lower reaches: refining and chemical industry, tires, chemical fiber, fluorine chemical industry, coal chemical industry, agrochemical products (leading compound fertilizer), membrane materials, real estate infrastructure materials (alkali, titanium dioxide, silicone rubber, paint, etc.), modified plastics, dyes, civil explosives and surfactants; (3) New materials: high-end polyolefins and catalysts, aerogels, high-end carbon black, OLED luminescent layer materials, semiconductor and lithium battery materials, aviation and special ship materials, sweeteners and bio-based materials.

  Orient securities: The medical demand is rigid, and the long-term trend of the industry is improving.

  Orient securities Research Report pointed out that in the long run, medical insurance fee control and normalized centralized purchasing will continue, and enterprises need to choose new varieties and fully grasp the clinical needs. Therefore, we are optimistic about enterprises with real innovation ability, and suggest focusing on the demand opportunities at the product end. In terms of medical devices, the conventional diagnosis and treatment continues to resume the marginal relaxation of the superposition policy, and the plate is expected to usher in Davis’ double click. It is recommended to pay attention to Mindray Medical, Sanyou Medical and Bairen Medical. In terms of innovative drugs, research and development continue to be promoted under strict review, and attention should be paid to cutting-edge clinical progress. It is suggested to pay attention to Hengrui Pharma, Jingxin Pharmaceutical and Kangchen Pharmaceutical. In terms of CXO, the industry prosperity is expected to improve marginally, which has the bottom investment value. It is suggested to pay attention to Sunshine Nuohe, Wuxi PharmaTech and Kanglong Chenghua.

  Open source securities: coal prices fluctuated at a high level, and stable performance and high dividends made the valuation cost-effective prominent.

  The open source securities research report pointed out that we maintain the logical recommendation of high winning rate and high margin of safety for the coal sector, and both offensive and defensive: from the perspective of high winning rate, high dividends have gradually been favored by capital market funds, and high dividends for coal enterprises have become a major trend; At present, the steady growth policy is introduced and exceeds expectations, and coal stocks will also become offensive varieties. As an upstream resource link, it will inevitably be boosted by downstream demand, reflecting the price increase. In terms of safety, we believe that the valuation of coal stocks has been at the bottom of history, PE valuation is 5-6 times of the performance in 2023, and the PB-ROE method is used to analyze that coal stocks have a high ROE, but Pb is greatly discounted, and the value of coal enterprises is underestimated. Beneficial targets with high flexibility, high dividends and growth: mountain coal international, Yankuang Energy and Shanxi Coking Coal; Beneficial targets of steady and high dividends: China Shenhua and Shaanxi Coal Industry.

  Guohai Securities: Adhere to AIGC Main Line+Cinema Line+Low Valuation Main Line.

  Guohai Securities Research Report pointed out that there was a temporary adjustment in September due to the poor box office performance caused by the empty window of supply and the expected landing of the interim report. The economic recovery is superimposed on the emotional recovery of watching movies, optimistic about the performance elasticity of the film and television sector; The normal distribution of the game sector and the new product cycle are expected to release profits. At the present stage, we are still optimistic about the application of AIGC in the media industry. Media companies have the advantages of users, scenarios and data. In the future, cooperation with large model manufacturers is expected to improve content production efficiency, enhance experience, accelerate industry innovation, and continue to pay attention to the application development of games, IP, marketing, e-commerce, education, film and television. At present, we adhere to the strategy of AIGC mainline+cinema line+low valuation leading stock selection. We believe that AIGC is expected to bring a new round of content productivity revolution.

  Shanxi securities: optimistic about the performance of gold and jewelry enterprises in the third quarterly report

  Shanxi Securities Research Report pointed out that from the report point of view, we continue to be optimistic about the performance of gold and jewelry enterprises in the third quarterly report, driven by the Qixi Festival in August and the franchisees actively stocking in September. From the perspective of follow-up demand, after a short-term rapid decline, gold prices have started to rebound, and both international gold prices and domestic gold prices have rebounded. Continue to be optimistic about the relative prosperity of the gold and jewelry industry in optional consumption. In the medium and long term, we are still optimistic that the progress of gold technology will continue to stimulate young consumers to satisfy their needs. It is suggested to pay active attention to Zhou Dasheng, Lao Fengxiang and Chao Hongji.

  Central china securities: Pay attention to the film and television, games and advertising sectors with rising prosperity.

  Central china securities Research Report pointed out that the overall performance of the media sector rebounded in the first half of the year, and the fundamentals showed an improvement trend. Although some sub-sectors once experienced short-term performance pressure, there is a greater possibility of improvement in the future. Q2′ s film, television, advertising and book sales have been well restored. At the same time, since the end of Q2, the market scale of film, television, advertising and games has improved, and the demand for cultural consumption and advertising has rebounded, which is expected to support the performance of Q3′ s media sector and continue into Q4. In the medium and long term, we will continue to pay attention to the new changes brought by AIGC technology to the industry, including the changes of content production mode, the innovation of commercial realization mode, the revaluation of industrial chain value and the changes of competition pattern. It is suggested to pay attention to the film and television, games, advertising and publishing sectors with strong defensive attributes, and pay attention to the performance of key companies in the third quarter recently disclosed.

  China Post Securities: The short-term A-share environment is intertwined and will continue to fluctuate and grind the bottom.

  China Post Securities pointed out that short-term A-shares will continue to fluctuate and grind to the bottom in the face of mixed environment. The industry configuration recommends the scientific and technological direction represented by electronics, automobiles and medical biology, and can pay attention to bank insurance in the short term. The fundamentals of the domestic economy are improving, but the trend of strong recovery has not yet been determined. We will continue to recommend the science and technology sectors with improved winning rate due to risk preference, mainly including automobiles and electronics related to Huawei’s smart driving concept, as well as medical organisms driven by the development trend of diet pills industry and key products going out to sea. Bank insurance will have a certain comparative advantage in short-term because of the public increase in Huijin’s secondary market and overseas risks. In the medium and long term, it is suggested to pay attention to three main lines. The first category is the target related to the decline in the potential growth rate of macro-economy and the decline in macro-economic capital expenditure, which mainly corresponds to high dividend assets. The second category is the science and technology sector with independent research and development as the main line, such as Huawei’s industrial chain and semiconductor equipment. The third category is the global distribution enterprises deeply involved in the global industrial division of labor, such as consumer electronics, automobiles, medicine and machinery.

Career-only Workplace Drama: Can "Ideal City" Achieve "Overtaking in Curves"?

Author: a dead end

Reprinted source: a little drama reading (ID: yidianjd)

"The cleanliness of the cost table means the cleanliness of the project" and "All the time, is that right?" ….. When Su Xiao, played by Sun Li, said these words to his leaders and colleagues, the workplace drama door of the TV series "Ideal City" officially opened to the audience:

In the workplace ecology outlined by screenwriters Zhou Wei and Luo Hong, the heroine Su Xiao is no longer a "white workplace girl" with a golden finger and attached to a man step by step, and several waves of characters standing on the opposite side of the heroine also have their own calculations, instead of being a facelift "bad guy" who is mentally retarded and does not conform to the logic of the characters … The real, vivid and behavioral logic workplace side can be said to be a good impression for the early stage of the play; At the same time, the industry background with the construction industry as the entry point and the cost engineer as the entry point has also filled a blank in China’s workplace drama.

It can be said,"Ideal City" is quite stable in word-of-mouth level.Su Xiao, played by Sun Li, has the basic qualities of a "workplace employee" in terms of makeup and personnel design; The scene of old people in the workplace, led by Zhao Xiankun (Yu Hewei) and Wang Yang, fighting with young people and old cadres at the same level is more like a "career plan" full of philosophy.

Where there are people, there are rivers and lakes, and where there are rivers and lakes, there will be disputes. In this regard, "Ideal City" has basically achieved the top level of the current reputation of workplace dramas in China. It is a pity that this "Magnolia Sky Group" starring Sun Li and composed of many old and new faces such as Mark Chao, Yu Hewei, YCY and Chen Minghao (note: Sun Li, Yu Hewei, Mark Chao and director Liu Jin all won or nominated Magnolia at least once) did not get off to a good start in the market.

According to relevant data, the average daily ratings of the drama have basically stabilized at around 0.41% since it landed on 8 sets of Oriental TV and CCTV on August 12th-the ratings of prime-time files are not as good as those of "Sweeping the Black Storm" broadcast on the same platform (CCTV 8) and slightly lower than those of the family drama "Dear Mom and Dad", which also makes the drama lose face slightly. According to the data of Guduo, the highest historical popularity of the drama is 67.25, which is far from the highest popularity of the drama "You are my glory" (88.67).

Can the follow-up of "Ideal City" be "supported"? Is this workplace drama based on China architecture worth watching? Does Sun Li still have the ability to "carry drama" after Empresses in the Palace’s "Settle Down"? It is worth exploring.

"career-only workplace drama",

The "core" of Ideal City is very hard.

  

Although there are a large number of workplace dramas broadcast every year in China, there are few works that can really stand the assessment of the word "workplace". The last workplace drama that won unanimous praise from the public was "Ordinary Glory" with the situation of "applauding without being a hit", and the last one may be "Blame You for Being Too Beautiful" focusing on the entertainment industry and targeting the relationship between brokers and artists.

The final word-of-mouth trend of "Ideal City" may not be as 8 points as its predecessors, but it is well-deserved to wander around Douban 7.5. Focusing on the construction industry and taking the cost engineer as the entrance, this is an industry ecology of workplace drama for the audience in Ideal City. In this industry ecology, the audience can initially understand what a cost engineer is. The construction of a building, what manpower and material resources are needed, and how much preparation is needed in the early stage.

"The pile is reinforced concrete, but it is built by people’s hearts." Behind every high-rise building, the most complicated thing is often not professional skills and academic cost, but the untouchable relationship between people’s minds and workplaces. For this reason, in the story of Ideal, there are not only younger generations such as Su Xiao and Wu Hongmei, who have been in the workplace for several years, but also the "Xia Ming" generation, which has lost the edges and corners of their youth and is more stable and mature, and the older generation of leaders who are deeply hidden and seemingly harmless but are full of "small thoughts".

What "circles" these people together is a top-level domestic well-known private enterprise, Yinghai Group. The company is made up of Zhao Xiankun, Wang Yang, Huang Lilin and other old backbones. Today, it has become a large enterprise with five subsidiaries. Tiancheng, where Su Xiao is currently located, and Tianke, where Xia Ming is located, belong to this company, and they are also the two most competitive subsidiaries.

Judging from the 13 episodes currently broadcast, the audience saw at least three complicated career lines in the play. One is the personal career struggle history headed by Su Xiao. Su Xiao, who lost the qualification certificate of first-class cost engineer after taking the blame for his former company, faced with all kinds of scheming in the workplace, such as being unable to find a job, being blacklisted by the industry, being "hard-working" by the leaders, being excluded by colleagues and so on.

The other is from Su Xiao’s entry into Tiancheng Company, explaining the past of the two subsidiaries, and exposing the infighting between the leadership and the river’s lake grievances for more than ten years, which is also an important foreshadowing of the play; The last one is to introduce an "audit team". The parent company seems to trust the leaders of the two subsidiaries, but in fact it is suspicious and unannounced, which also highlights the real power arena behind the group … It can be said that "Ideal City" presents a real workplace arena to the public through the creative techniques of point to face and grass snake gray line.

This arena is not only full of bureaucracy and intrigue between the old school, but also full of "tactfulness" of the younger generation based on their own ideals. I’m glad,At last, the domestic workplace drama has an "attack" scheme in which all the pros and cons have online IQ. At the same time, the interpersonal science and the dark side of human nature involved behind the workplace are all full of it.

This is the "hard core" of "Ideal City", and it is also an important reason why the play is well received by the public at present.

Behind the "kernel",

"Ideal City" also has flaws?

  

It is undeniable that "Ideal City" is not too badly hurt in the content creation level, and even shows "workplace scheming". However, in terms of professional knowledge, this drama is just like some previous workplace dramas, and there are flaws.

First pointed out by netizens,It is the responsibility of the cost maker, which is presented by Su Xiao shortly after the opening of the drama.It is understood that in the project, the cost engineer often has a series of management and budget investment responsibilities for the project, and does not have the problems of project quality and project payment presented in the play.

In addition, the 32-gauge horse stool, the white hat worn by the construction workers, and the contract department that was the first to be held accountable after the project collapsed have all been "accused" by netizens.The details are slightly distorted, which is a subtle flaw in the content creation level of Ideal City.

Secondly, it is the rhythm and theme of the play.In the first two episodes, Su Xiao, the heroine, went on stage. After experiencing an "accident storm", Su Xiao was used as a gun by her direct leadership and became a back-burner in this incident. Then, disheartened, she called her boyfriend who had been in love for many years, and raided her boyfriend’s workplace, only to find that she was derailed and her boyfriend was "engaged" with her immediate boss … Then, Su Xiao officially started her own career path and explored the "Politburo" behind the scenes of Yinghai Group.

This seemingly harmless and logical "career opening" also exposes the rhythm and theme problems behind the play. As we all know, because workplace dramas often involve group portraits, behind the complicated events, it also reflects the creative difficulties of this kind of theme, that is, how to simply explain the industry background to the audience and quickly catch the eye in the golden opening time.

At present, at this point, The Ideal City needs to be improved. This is also an important reason why the "opening" of the play is cold and it is not getting better in the heat level at present. Can it overtake in corners? Looking at it from another dimension, this may also be a ratings test for "Empress" Sun Li.

After settling down,

Can "Sun Li" reach the top again?

  

In the public view, Sun Li really became a household name and a TV audience sister because of Empresses in the Palace directed by Zheng Xiaolong in 2012. At that time, the drama not only became the "explosion" in the TV drama market, but also made artists such as Ada Choi, Rulu and Chen Jianbin popular and became the first choice for TV stations and variety shows. Sun Li also got the "second bonus" of his career after this drama. This is another story.

Before Empresses in the Palace, many people may not know it.Sun Li has made many well-known TV dramas, and has been nominated for Magnolia, Hundred Flowers Award and other awards.She is the peace of mind wandering between relatives and enemies, affection and law in Jade Guanyin, the pure and kind cuckoo who loves the dance career in Happiness Like Flowers, and the actress with different images but great personal charm in many works such as Love is Air, Huo Yuanjia and New Shanghai Beach.

Sun Li was very spiritual and talented in acting in her early days. Many famous directors who worked with her, such as Ding Hei and Gao Xixi, praised her for her dedication and her personal performance charm.

("Happiness is like a flower")

Empresses in the Palace, the "explosive drama", elevated it to a brand-new level, and after welcoming the second spring of the career of married actresses, doubts followed. Once, because of legend of miyue, which is similar to Empresses in the Palace’s theme but not as good as the former, her and Tamia Liu’s performances in the play were once questioned by the audience as "overexertion"; The other time was "Anjia", which starred as a screenwriter in 1966 last year. This douban score happened to be on the verge of passing the exam (6.2 points), and it was also questioned by netizens about its ability to choose plays.

The audience is critical and tolerant. Just as these two films were questioned by the market, two works broadcast in Sun Li, "Flowers bloom and the moon is full that year" and "The Story of Hot Mom", played a mediating role. Sun Li’s position as "the queen of TV viewing" and "the first sister of domestic drama" in the drama market is unshakable.

The divergence point reappears, which is the "Ideal City" currently being broadcast.Su Xiao, played by Sun Li in the play, was accused by netizens of being slightly old and in poor condition. At the same time, her acting skills were also questioned. Can Sun Li still complete the myth of "carrying drama" in the past? 

At present, hope and disappointment are 50-50. First of all, the word-of-mouth of "Ideal City" is excellent compared with the same type of workplace drama; Secondly, judging from the plot, after the "content foreshadowing" of the previous episodes, the competition of the whole power field became more and more fierce, and there were several tipping points in the middle if the film was strong; Finally, and most importantly, workplace dramas are different from other types of dramas, and they often have more advantages in reflecting realistic topics. This is also the biggest "explosion point" in the follow-up of the play.

And advantages may also become disadvantages. After all, in front of the workplace drama headed by "Ordinary Glory", it is too divorced from the workplace background of public life, and it is difficult for ordinary audiences to get it. In addition, at present, the drama market is in the second half of the summer, and various platforms have made great efforts to "play", which has also distributed some audiences of the drama to some extent. This is the pity of the play.

However, no matter what the final result is, The Ideal City is based on "realism", and the principles of high-quality creation in the workplace are still worthy of recognition. After all, in developed countries headed by Britain and the United States, the creation of workplace drama has long been a mature type, but in China this kind of theme is just the "beginning".

[Close-up] online celebrity Concert: Business of Live Broadcasting Platform and Star Dream

Standing on the stage of Beijing Workers Stadium, Wood, who performed on the stage for the first time, didn’t feel a little nervous.

There are so many people under the stage that he can’t see the faces of the fans who should help, but he can see them holding white light signs with their names written on them. Wood was excited and thought, "Be sure to sing well".

On the evening of August 27th, he and three other popular anchors on a live broadcast platform, Meng Xiaomei, Zi Hao and Mo Xiaomeng, performed four opening songs: A little tempted, Love Must Have It, Love ING and age of love, which kicked off the star ceremony of "Have a Heart".

"Pretty cool", two days later, Mu described his feelings at that time to the interface entrepreneur reporter. Although after watching the video of the concert, he found that he had too many shortcomings, such as "imperfect walking posture" and "ugly to death", so he was somewhat dissatisfied. But this experience made him set his next goal — — Have a concert of your own.

On the evening of August 27th, in addition to TFBOYS, Fish Leong, Jordan chan and other stars, six popular anchors such as Vivian, Mu, Meng Xiaomei and Zi Hao also performed on the stage. Not only can the audience see the performance, but the concert is also broadcast simultaneously on a live broadcast platform. According to the final data of science and technology, the highest number of online viewers reached 6.1 million, and the cumulative number of viewers reached more than 68 million.

All six anchors were selected through a live competition.

In July this year, a live broadcast launched the "I want to sing with you" competition. The anchor has to go through five stages, including registration, sea election, primary election, promotion and final, to compete for the opportunity to participate in the star ceremony.

The competition is divided into three time periods: daytime, prime time and midnight. In the half-month competition, every day is competition time. The anchor sings in his own studio, and fans increase the popularity of the anchor by rewarding him. As soon as you go online, the corner sign on the screen will show where you are now and how many gifts you need from the previous ranking.

"Just push forward hard," said Wood, describing his mentality during the competition.

Opponents in the same time slot are randomly assigned by the system, mainly based on the ranking of the field list. The people who match you are all close to your ranking. The higher you rank in the list, the higher the ranking of your matching opponents, and the ranking of the list depends on how many gifts fans gave on this day.

In the half-month competition, Wood PK passed dozens of people and won a total of seven or eight three-game winning streaks. At most, he sang more than 50 songs a day and broadcast them live for 8 hours a day. After 100 into 60, 60 into 40, 40 into 10, and the final, he won the second place in the daytime stalls and got tickets for the concert.

More and more live broadcast platforms are trying to enter the traditional entertainment industry.

In the first half of this year, online celebrity Concert became a new field that live broadcast platforms are scrambling to explore. In April, the first "online celebrity Concert" was held live on Zanthoxylum bungeanum. In May, Starry Night of the Goddess, which was broadcast live, made more efforts in the lineup, and invited stars such as Chris Lee, Carina Lau, Jane Zhang and Hua Chenyu to perform on the same stage with online celebrity.

Such a move is not difficult to understand.

The bonus period of the live broadcast platform has passed. According to the 2017 China Online Video Live Industry Trend Report released by Penguin Zhiku, the average monthly usage time of live users dropped from 203 minutes in the second half of last year to 182 minutes at the beginning of this year. The latest report released by China Internet Information Center also shows that as of June 2017, there were 343 million webcast users, accounting for 45.6% of the total netizens, and the scale of webcast users and the overall proportion of netizens declined.

Therefore, now the platform consciously wants to transfer the brand influence from online to offline. Periodic online and offline activities can undoubtedly arouse the enthusiasm of fans and online celebrity, and from the economic perspective, it is also a profitable business. As far as popularity is concerned, many online celebrity artists are not much different from real artists. In the live broadcast room, fans can brush their popularity and give gifts. Now, they go offline, just like a women’s group holding a theater performance, and they are also doing the fan economy in online celebrity.

In the contest "Zanthoxylum Zanthoxylum Sound" held by the live broadcast of Zanthoxylum Zanthoxylum before, the two-month contest was watched by 6.225 million people, supported by 3.44 million netizens, and presented with 26 million Zanthoxylum Zanthoxylum coins (about RMB 1.82 million). Then the "online celebrity Concert" held in April attracted 2.3 million people to watch it online and received 600,000 yuan as a reward.

In the live broadcast of "I want to keep singing" on July 1st, Mo Xiaomeng’s fans brushed her a gift of 170,000 at most, and Vivian, a live broadcast of "One Sister", gained 4.88 million views and 2.26 million likes in the final live broadcast, and won 143 million gold coins in a single game (about RMB 1.43 million). In order to get offline concert tickets, fans also need to recharge on the platform.

In the live broadcast circle where the head anchor is highly competitive, providing opportunities to contact with stars can undoubtedly increase the attractiveness of the platform. Yang Xu, general manager of a live broadcast, told the interface entrepreneur that the concert had been prepared for two or three months. On the one hand, it was to hold an induction ceremony for TFBOYS, and on the other hand, it was hoped that the anchor on the platform would perform on the same stage with the first-line big coffee, so as to "enhance the anchor’s influence through the IP value of the stars". In addition, such activities can also show the resources and strength of the platform and attract more external talents.

The platform is strong, and the popularity and worth of the anchor on stage can also be improved. From August 28th to September 3rd, in the pan-entertainment anchor list of China live broadcast list, more than half of the TOP10 live broadcast anchors, Vivian and Wood are on the list. Yang Xu said that after the concert, advertisers on the platform have also revealed their interest in the anchor.

Online celebrity star concert may be a new attempt, but the various star-making plans of the live broadcast platform have existed for a long time.

Among many star-making plans, Momo is the biggest one this year. On June 20th, MOMO joined forces with BMG, Taihe Music, Huayi Music and Lehua Entertainment to launch the "Momo Music Plan", and planned to invest 10 million yuan to enter the music industry and tap high-quality potential new stars on Momo platform. If you win in Momo’s selection, the anchor can distribute films around the world and go to the United States for training.

In September last year, Betta announced that it would invest 100 million yuan to build a "star anchor cultivation plan" to train, package and publicize its anchors. Zanthoxylum bungeanum’s "Star-making Plan" should also cultivate potential anchors and expand into the entertainment circle after signing a contract with a brokerage company. In the past August, the anchor of Yingke selection platform walked on the red carpet of 2017 Venice International Film Festival.

When talking about why the anchor should be developed in the direction of artists, Yang Xu told the interface entrepreneurial reporter that this was due to the consideration of "flow". Artist anchors can break through the live broadcast circle and drive those who usually don’t watch live broadcasts to become platform users.

In the live broadcast industry, a live broadcast that entered the market in May 2016 is regarded as a latecomer. However, due to its deep cooperation with Weibo and rich entertainment resources, the initial positioning of a live broadcast is to "make online celebrity a real star". This idea even came into being when the company started to do xiaokaxiu in 2015. According to Yang Xu, at that time, the company also made a program "Model King xiaokaxiu" with Southeast Satellite TV. By selecting talents from xiaokaxiu to participate in variety shows, the platform also took the opportunity to observe whether these people were good prospects worthy of training.

However, more people enter this plan because of their crisis awareness of the live broadcast industry. Li Yao is the head of the brokerage business of 51 worry media, the anchor brokerage company where Mu works. In an interview with an interface entrepreneur, he expressed his understanding of the live broadcast market with several questions.

"The live broadcast industry is now in a blowout era, but this way of making money is only short-term. What if it doesn’t work within five years and ten years? Or saturated? Or upgraded? "

In his view, now is the live broadcast 3.0 era, which needs to have a face value and talent at the same time, and it will develop into the 4.0 era in the future. At that time, the anchor may be required by the standards of an artist. The offline and dual-line development of Worry-Free Media is also to make the offline increment become the core competitiveness of Worry-Free Media when the threshold of the industry becomes higher.

In all kinds of star-making plans, the core three forces are platform, anchor brokerage company and anchor.

Yang Xu told reporters that the platform mainly provides directional guidance and various entertainment resources. A live broadcast divides the anchor into head, waist and bottom levels according to the monthly running water. For the head anchor like Vivian, the platform will specially give core resources and do key packaging planning.

In terms of entertainment resources, a live broadcast has regular docking with TV stations, variety shows and major film and television production companies. "There are large-scale production and high-cost teams, as well as small and medium-sized teams. Different teams invite different people according to their own conditions. Some low-cost production teams tend to invite online celebrity to star because online celebrity has a certain popularity, which can drive the film’s broadcast volume. "Yang Xu told reporters that at present, the head artists in the domestic film and television variety field are expensive, but there is actually a lack of low-cost and flowing artists.

More routine things still need to be done by the brokerage company, including helping the anchor to position his personal style, developing skills such as singing and acting, how to dress up, and even how many articles and photos Weibo sends every day. Of course, online celebrity brokerage companies with ideas are also expanding their performing arts resources.

Lei Binyi, the founder of Worry-Free Media, once worked in Phoenix Video and YY. He felt that the trade union management mode in the current live broadcast market was a bit too arrogant to adapt to the increasingly mature live broadcast market, so he founded Worry-Free Media in April 2016, hoping to create artists through the incubation of the company.

Li Yao, the head of the brokerage business of Worry-Free Media, once worked as an assistant to actor Kenny Lin, and engaged in brokerage work in organizations such as Ciwen Media and Aixiao Media. Now his daily job is to establish contact with various performing arts organizations and dock platform anchors in different categories.

The variety shows of major program groups and satellite TV regularly need some young people with high traffic and high face value, and Li Yao will go to the appropriate live broadcast of online celebrity. In terms of film and television, he will select anchors who are trained in transportation or suitable for offline development, and participate in the shooting of online universities, online dramas and cinema films. Li Yao also contacted music organizations such as Evergrande Music and Tianhao Shengshi, and recommended several anchors with musical expertise.

"Music producers also want to see if you are valuable to cooperate. Before Evergrande Music, there was a music producer who was very interested in the anchor. We contacted him, but later we didn’t cooperate for some personal reasons, "Li Yao told the interface entrepreneur reporter.

5Worry-Free Media also tried to combine the current hot topics to make short stories videos similar to Tear-resistant Men and Women for its anchors, and promote them on platforms such as Youku, Iqiyi and Weibo.

In Li Yao’s view, anchor is not a high-threshold occupation, and it is difficult to develop to a more demanding offline. "But we should take the initiative anyway.".

In addition to live broadcast platforms and brokerage companies, there are even anchors who set up their own brokerage companies, transforming themselves from online celebrity to bosses. Zi Hao, the anchor who also participated in the "Heart-warming" star ceremony, set up his own brokerage company "Little Monster" in October last year. In the past six months, "Little Monster" has expanded from dealing with Zihao’s one-person brokerage affairs to training signing artists, e-commerce and other directions. At present, its signing anchors have exceeded 300.

Yang Xu didn’t disclose the specific capital investment of a live broadcast in the star-making plan, but he said that since there is still much room for improvement in the professional quality of the anchor, the platform is also planning to hold some training courses with some art colleges, and plans to select talents to send to South Korea as trainees for short-term training.

"It still depends on the effect of different training methods, and then decide how much to invest," Yang Xu told the interface entrepreneurial reporter.

To some extent, all the live broadcast platforms and online celebrity brokerage companies are still "crossing the river by feeling the stones".

YY can be regarded as the first live broadcast platform to try to turn online celebrity into an artist. In September 2015, YY launched the "Starway Plan", and the anchor needs to pull fans to raise funds and popularity for it. Finally, the selected high-quality artists will get the opportunity to sign contracts with YY and gain guidance from professional production teams.

In 2015, music critics took part in this star-making project in Liushui Ji, helping some online celebrity to make singles and videos. He is well aware of the difficulties. In his view, on the one hand, the problem is that these anchors operating on YY have millions of fans, and their income is already very high. But can sending them a single also ensure that their fans will pay the bill?

As it turns out, fans pay the bill, but it’s not what they think, because these anchors are very popular on the Internet, and they can become very popular singers after posting songs. Very popular online celebrity and singers can’t be equated. At that time, the combination of light blue, low water, Lingxi and K Na launched by the platform was almost unsuccessful.

On the other hand, from the perspective of economic value, sending songs to these online celebrity didn’t make them earn much by sitting in the live broadcast room and singing and chatting. "YY also asked Huang Zhongping, a famous MV director in Taiwan Province, to make a film at that time, but the money spent was not proportional to the money earned by online celebrity’s single. It is not difficult to understand whether to continue to invest or let online celebrity stop making songs and make a live broadcast." Liu Shuiji told the interface entrepreneur reporter.

After a year of unsuccessful attempts, YY took the initiative to stop the plan, and in the view of Liushuiji, these problems still exist today.

The head anchor broadcasts millions a month, and it takes her several days to record a single, which may cost hundreds of thousands. Liu Shui-ji believes that whether singing can be achieved depends on the long-term planning of online celebrity and the ideas of online celebrity’s team and platform. "If online celebrity really wants to be an artist and has his own masterpiece, he must stand the temptation of money."

In Worry-Free Media, people with artistry or clear demands will be the focus of the company’s training.

Li Yao revealed that among the more than 3,000 anchors signed by 51 Worry-Free Media, dozens have expressed their willingness to develop in the direction of artists. At the same time of internal selection, the company is also recruiting from abroad. If the students who graduated from the class have the value of artists, the company will also sign them before they graduate, helping them to suck powder live and do activities offline.

"Being an actor, live broadcast is to attract fans and increase exposure. People with such needs are the most suitable for us to promote." Li Yao gave me a successful case on the platform, Xie Jia. This boyish girl is the anchor of the core group of Worry-Free Media. She has participated in Super Girl before and cooperated with Huang Xiaoming, He Jiong and Nana, but she is not famous. After entering the company, on the one hand, Xie Jia used the live broadcast to suck powder, and on the other hand, the company also helped her to dock a female No.2 in a cinema movie.

Anchors with a certain artistic foundation are also the focus of a live broadcast of the platform. Wang Chuxuan, the anchor, graduated from Beijing Modern Conservatory of Music and participated in My Show. Last August, he came to a live broadcast and became a full-time artist of Tiantai Entertainment. Wang Chuxuan broadcasts for 4 or 5 hours a day, and he has talent advantages, which has gradually attracted many people’s attention. Now he has 600,000 fans on the platform.

"He has been chasing dreams for many years and no one has paid attention to it. After the live broadcast, many people really like him. The company also provided resources to help him go to the stage, send songs, go to QQ music, sing bars to promote the list, and even get some online reviews. "Yang Xu told the interface reporter that although there is still a distance from the first-line stars, Wang Chuxuan has achieved a breakthrough from zero to one after all.

Despite many difficulties, Liu Shuiji still thinks that online celebrity singers may be the opportunities for future music. At present, he is also working with a live broadcast, Aauto Quicker and other platforms to create music works for some online celebrity.

Liu Shuiji regards online celebrity as "a popular newcomer who hasn’t made a film". In his view, "traditional music institutions are willing to cooperate with live broadcast platforms like Momo, and to some extent, they also value the economic benefits of online celebrity. It is definitely more cost-effective to package online celebrity as a newcomer than to be a pure amateur".

In fact, the popularity of head anchors like Yifa Chen is very close to the real "stars". On Netease Cloud Music, Yifa Chen’s two singles "Storybrooke" and "Grandma’s Story" both received 999+ comments, and many fans spontaneously produced and edited videos on bilibili.

"From the traffic point of view, Yifa Chen’s traffic is very high, and many first-line singers have been knocked down statistically, but whether they can become mainstream singers is another matter," Liu Shuiji said.

Not only YY, but also no live broadcast company has pushed the anchor to the height of artists, which is the consensus in the industry.

In Liushuiji’s view, from online celebrity to singer, not only the quality and packaging of their works need to be further improved, but also online celebrity needs to get out of the live broadcast circle and gain the attention and recognition of mainstream media audience.

Whether holding a concert or walking the red carpet at the Venice Film Festival, it is an attempt by the platform to push online celebrity into the mainstream.

Back to the topic of concert, for the anchor who faces the mobile phone camera every day, this high-profile occasion undoubtedly puts forward higher requirements for the performer in terms of posture, expression management and live performance.

A week before the concert, Mu came to Beijing from Shandong for training. Wood told me that in order to prepare for the concert, the platform invited a music teacher to rearrange the music and coach the anchor. "But I mainly practice on my own," said Mu. The teacher will focus on correcting the wrong actions in one day. He recorded them with video and went home to study repeatedly. He was reluctant to receive professional training for fear of losing his own style, but he also had to admit that the singing method taught by the teacher was "more skillful".

Before this concert, Mu was a talent anchor on a live broadcast, with 500,000 to 600,000 fans. Under normal circumstances, he gets up at 12 noon, has lunch, starts live broadcast until 6 or 7 o’clock, and then continues to broadcast until 2 or 3 o’clock in the morning after dinner. Except for eating and sleeping, it is broadcast live because he feels that "his own conditions are not good" and he needs to multicast a little more than others.

He attributed his efforts and the help of the company to getting so many fans in just one year. "Everyone in the company knows who works the hardest, Wood", and he is somewhat proud of this.

Time goes forward, 27-year-old Mu started working at the age of 14, and worked as a waiter in KTV and bars all the way to management. After working for more than ten years, he felt a little tired. Because he liked singing, a friend recommended him to do live broadcast. He quit his job last June and started his anchor career.

The first live broadcast didn’t even have an avatar, and no one took care of it. In August and September, the number of people who came to watch his live broadcast gradually increased. At the end of September, more than 10,000 people came to watch him sing. "There are too many people who type and interact with you to watch."

Before the live broadcast, Wood never thought that he would meet such a group of people who like to listen to his singing. He has a "brother-like" fan. Every time he needs to vote in the activities on the platform, he will send messages to people one by one to canvass votes, and fans will call him the boss. They also set up a group without wood to discuss how to organize aid activities. "I want to sing all the time" requires users to vote in the sea election stage. Wood’s fan "Rabbit Army" can pull several people to vote. On the first day, Wood won more than 10,000 votes, ranking second. Later, he felt that it was troublesome and would not let fans vote again.

As for how long this love can last, the idea of wood is simple. He feels that the live broadcast circle is like a shrinking entertainment circle. "If you are an anchor full of positive energy, people will always like you. If you have a lot of negative energy, it will definitely not work soon."

What many people don’t know is that this "big boy who can sing" in the eyes of fans was tone-deaf when he was a child. Once in a choir, the teacher told Wood, "Your voice is not good at all." After that, he began to practice constantly. Sometimes, he can’t speak until the next day, even so, he still turns his voice to the maximum practice in the KTV room.

The live broadcast platform gave him the opportunity to sing to more people, and now it also gave him the opportunity to go to a bigger stage. Before that, Mu also participated in another contest "Hey Sing Not NG" broadcast live, and the reward was to help the winner complete a single. Wood didn’t make the top three that time, but he said the company promised to help him produce a single.

"There will be a special producer to write songs for me, and this place will soon become a place where people can realize their dreams." Wood’s eyes sparkled.

— — — — — — — — — —

△ Pay attention to "Interface Entrepreneurship" WeChat official account and read interesting entrepreneurial reports.

Top ten keywords of the property market in 2022: from "four restrictions are loosened" to "one person buying a house to help the whole family"

  2022 is a year of deep adjustment in the real estate market. In the context of the impact of the epidemic and the expected decline in residents’ income, some housing demand was delayed; At the same time, the credit crisis of housing enterprises broke out frequently, the wait-and-see mood of buyers became stronger, and the performance of sales side was weak. However, from the beginning of 2022, favorable policies to support real estate in various places were introduced in turn, and gradual easing continued to be staged. At the central level, it reaffirmed the status of "real estate is a pillar industry of the national economy" and issued a number of policy tools to support the smooth operation of the real estate market.

  The Paper reviewed the property market in 2022 by taking stock of the top ten keywords of the real estate industry in the past year.

  Reduce down payment

  In 2022, credit policies will be optimized in many places, and the purchase cost and purchase threshold of buyers will be further reduced.

  According to the incomplete statistics of The Paper, more than 100 cities have reduced the down payment ratio of provident fund or commercial personal housing loans to 20% this year, including Chengdu, Sichuan, Shijiazhuang, Shaanxi, Xi ‘an, Taiyuan, Jilin, Changchun, Fuzhou, Fujian, Nanchang, Jiangxi, Chongqing, Guiyang, Guizhou, Lanzhou, Gansu, Yinchuan, Ningxia, Urumqi, Xinjiang, Wuhan, Hubei and other second-tier cities.

  From the perspective of down payment ratio, institutional statistics show that since 2022, the down payment ratio of the first suite in the unrestricted area has generally dropped to 20%, and the second set has dropped to 30%; The down payment ratio of the first suite in the restricted purchase area is mostly 30%.

  On January 5, 2023, Ni Hong, Minister of Housing and Urban-Rural Development, mentioned in an exclusive interview with CCTV reporters at the General Station that the buyers of the first house should be strongly supported. The down payment ratio and the first set of interest rates should be lowered. For the purchase of a second house, we should give reasonable support. Trade-in the old for the new, trade-in the small for the big, and give policy support to families with many children.

  The industry believes that it is expected that in 2023, under the tone of "housing and not speculating", both the supply and demand sides will continue to optimize their policies, and the policy intensity is expected to be further strengthened. The core first-and second-tier cities, especially the core second-tier cities, have greater room for policy optimization. The expectation of policy optimization in first-tier cities is also increasing, and there is room for reducing mortgage interest rate, down payment ratio and taxes.

  Lower interest rate

  In 2022, the central bank cut interest rates three times, and the LPR over five years was lowered by a total of 35 basis points, which was the strongest year to cut interest rates after the mortgage interest rate changed anchor LPR in 2019.

  At the same time, the central bank and China Banking and Insurance Regulatory Commission repeatedly lowered the lower limit of mortgage interest rate. In 2022, in May, the central bank and China Banking and Insurance Regulatory Commission made it clear that the lower limit of the interest rate of the first set of commercial personal housing loans was adjusted to not less than the quoted interest rate of the corresponding term loan market minus 20 basis points; At the end of September, the central bank and China Banking and Insurance Regulatory Commission successively released heavy benefits, and gradually relaxed the lower limit of the interest rate of the first commercial personal housing loan for some cities.

  According to the monitoring data of the Central Finger Research Institute, as of December 30 last year, nearly 30 cities have reduced the interest rate of the first home loan to below 4%, including Yangjiang, Qingyuan, Yunfu, Zhanjiang, Jining, Wuhan, Guiyang, Jiangmen, Yichang, Xiangyang, Tianjin, Baotou, Fuyang, Shijiazhuang, Qinhuangdao, Kunming, Dalian, Dali, Luzhou, Anqing, Enshi, Wenzhou and Wenzhou.

  The loan interest rates in some cities have fallen to historical lows. Shijiazhuang and Wenzhou in second-tier cities currently have the lowest interest rates of the first set of commercial loans of 3.8%, while Qingyuan and Zhuzhou in third-and fourth-tier cities have the lowest interest rates of 3.7%.

  At the same time, the central bank lowered the interest rate of the first personal housing provident fund loan by 15 basis points after seven years. Since October 1, 2022, the interest rate of the first home provident fund loan for more than five years has dropped to 3.1%.

  On January 5, 2023, the People’s Bank of China and China Banking and Insurance Regulatory Commission issued a notice to establish the first dynamic adjustment mechanism of housing loan interest rate policy. In cities where the sales price of newly-built commercial housing has decreased month-on-month and year-on-year for three consecutive months, the lower limit of the local first home loan interest rate policy can be maintained, lowered or cancelled in stages.

  "four limits" are loosened

  The optimization policy of loosening the "four limits" of purchase restriction, loan restriction, price restriction and sales restriction has become the first choice for the regulation of the property market in various places.

  According to the statistics of the Central Finger Research Institute, as of December 26th, 2022, more than 330 provinces, cities and counties in China have issued more than 1,000 housing market easing policies, which involve optimizing purchase restriction (111 in 48 cities), optimizing loan restriction (240 in 173 cities), optimizing sales restriction (41 in 33 cities) and adjusting price restriction (34 in 29 cities).

  In March 2022, Zhengzhou started the first shot of adjusting the policy of restricting purchases and loans. Zhengzhou issued the "Notice on Promoting the Benign Cycle and Healthy Development of the Real Estate Industry", which clearly relaxed the purchase restriction and cancelled the "recognition of housing and loan". Subsequently, many cities across the country successively introduced the "four limits" to loosen the property market policy.

  By the third quarter of 2022, many second-tier hotspot cities will follow up and optimize the purchase restriction policy. According to the statistics of The Paper, the optimization policies of core second-tier cities including Qingdao, Jinan, Suzhou, Tianjin, Chengdu, Xi ‘an, Nanjing, Xiamen, Foshan, Dongguan and Wuhan have been introduced one after another.

  Buy a house by group purchase

  "Buying a house by group purchase" has also become an important content in the toolbox of local property market regulation policies in 2022, and many cities have issued documents to encourage group purchase of commercial housing.

  According to incomplete statistics of The Paper, in the second half of 2022 alone, There are at least Taiyuan in Shanxi, Zhongshan in Guangdong, Shenyang in Liaoning, Tonglu in Zhejiang, Tongling in Anhui, Pu ‘er in Yunnan, Bazhong in Sichuan, Huanggang in Hubei, Changchun in Jilin, Suining in Sichuan, Lianyungang in Jiangsu, Haining in Zhejiang, Macheng in Hubei, Meishan in Sichuan, Hangzhou in Zhejiang, Baise in Guangxi, Zhuji in Zhejiang, Xinghua in Jiangsu, Qingyang in Gansu, Wuzhou in Guangxi, Shaoxing in Zhejiang, Nanning in Guangxi, Zhengzhou in Henan, Laian in Anhui, and Nanning in Hubei. Zunyi, Guizhou, Yiwu, Zhejiang, Quzhou, Hubei, Enshi, Qingdao, Guangxi, Heshan, Linyi, Shandong and other places issued policies or activities related to "buying houses and buying groups".

  Among the cities that issue "buying houses by group purchase", some cities explicitly encourage government agencies, state-owned enterprises and institutions and other groups to buy houses. At the same time, encouraging real estate enterprises to carry out group purchase concessions is also a major feature of local policies.

  ensure timely deliveries of presold homes

  In June, 2022, driven by increasing policy support and active marketing of real estate enterprises, the market showed signs of stabilization. However, in July, the phenomenon of collective "off supply" of buyers caused by the suspension of auction houses appeared in many places, and market confidence was frustrated again, and sales were sluggish.

  At the end of July, 2022, "Guaranteeing the delivery of buildings and stabilizing people’s livelihood" was first written into the Politburo meeting of the Chinese Communist Party document. No matter the central level, local governments or real estate enterprises, they are actively making efforts to carry out the work related to "guaranteeing the delivery of buildings". According to the monitoring of the Central Finger, over 70 provinces and cities, in combination with local actual conditions, have substantially promoted the implementation of the "Guaranteed Building" initiative.

  In August last year, the Ministry of Housing and Urban-Rural Development, together with the Ministry of Finance, the People’s Bank of China and other relevant departments, issued special measures to support cities in need to promote the construction and delivery of residential projects that have been sold and are difficult to deliver. At the end of August, media reports showed that the national relief fund earmarked for "Baojiaolou" was launched. The initial scale of this special loan reached 200 billion yuan, and the central bank instructed China Development Bank and China Agricultural Development Bank to arrange it in the existing loan quota.

  In October last year, the central bank explicitly promoted the use of special loans for "Baojiaolou".

  In November last year, the Central Bank and China Banking and Insurance Regulatory Commission jointly issued the Notice on Doing a Good Job in Financial Support for the Stable and Healthy Development of the Real Estate Market, which supported the China Development Bank and the Agricultural Development Bank to issue the special loan of "Guaranteed Property" to the borrowers who have been reviewed and filed in compliance with the law, in an efficient and orderly manner, with closed operation and special funds earmarked to support the accelerated construction and delivery of the sold overdue residential projects.

  At the same time, Pan Gongsheng, member of the Party Committee and Vice President of the People’s Bank of China, introduced at the national symposium on credit work of commercial banks, "The ‘ Baojiaolou ’ On the basis of special loans, the People’s Bank of China will launch 200 billion yuan ‘ Baojiaolou ’ The loan support plan provides commercial banks with zero-cost funds to encourage their support ‘ Baojiaolou ’ Work. "

  In December last year, the Central Economic Work Conference proposed "to ensure the stable development of the real estate market" and "to do a solid job in ensuring the delivery of buildings, people’s livelihood and stability".

  Liquidation order

  From the perspective of housing enterprises, affected by the debt default, in 2022, a number of housing enterprises issued announcements of receiving creditors’ liquidation petitions.

  According to incomplete statistics of The Paper, in 2022, creditors filed liquidation petitions including Sunshine City, Fantasia Holdings, Fusheng International, China Evergrande, Dafa Real Estate, Tianyu Real Estate, Oceanwide Holdings, Sunac China, Jiayuan International, Xinli Holdings Group, Xiangsheng Holdings Group, Territorial Holdings, Longguang Group, Sanyun Group, Zhongliang Holdings and Xuhui Holdings Group.

  However, a number of housing enterprises reached a settlement with creditors, or after the final ruling of the court, the final liquidation petition was withdrawn or the two sides entered into a grace agreement.

  The so-called liquidation petition refers to the listed company’s excessive debts and operational difficulties for various reasons. Creditors or the company itself can submit a liquidation petition to the court, which will hear the liquidation petition. If the petition is passed, the court will issue a compulsory liquidation order to order the company to liquidate.

  Debt extension

  According to the monitoring data of the Central Finger Research Institute, as of December 31, 2022, the scale of real estate debt extension has reached 2087.3 yuan, involving 42 related real estate enterprises. In addition, many enterprises plan to launch debt restructuring plans.

  According to the statistics of The Paper, up to now, three housing enterprises have successfully extended their domestic debts. Among them, Longguang, together with its subsidiaries, proposed the extension of 21 open market bonds, all of which were voted by the holders’ meeting; Sunac Real Estate Group Co., Ltd.’ s overall extension plan of domestic bonds totaling 16 billion yuan was voted by the bondholders’ meeting; In addition, R&F Property’s domestic and overseas bonds totaling about 46.7 billion yuan were all successfully extended.

  According to the monitoring data of the Central Finger Research Institute, the debt repayment pressure of housing enterprises in 2023 is still relatively high. In 2023, the total amount of credit bonds and overseas debts due by real estate enterprises was 957.96 billion yuan, 70 billion yuan more than the previous year, and the scale of debt repayment by real estate enterprises increased. In particular, in the first quarter of 2023, in January and March, the scale of debt repayment of housing enterprises exceeded 100 billion yuan, and it also exceeded 100 billion yuan in April and July. In recent months, the pressure on debt repayment of housing enterprises was relatively high. At the same time, housing enterprises may still have the risk of debt default. Housing enterprises are under great pressure to repay debts, real estate sales have not stabilized and rebounded significantly, and some housing enterprises have limited financing support, so individual housing enterprises may still default on their debts.

  Three arrows

  In 2018, in order to support private enterprises to broaden financing channels, the People’s Bank of China, together with relevant departments, launched a "three arrows" policy combination from three main financing channels: credit, bonds and equity. In the second half of 2022, the financing environment of housing enterprises improved, especially in November, and the central government began to comprehensively strengthen the financing support for housing enterprises, and the "three arrows" made concerted efforts.

  On November 1, 2022, China Bond Credit Enhancement convened a meeting of 21 private housing enterprises to promote the second batch of credit enhancement projects of more than 10 housing enterprises of about 20 billion yuan. This symposium is also the third time that the Dealers Association has held a symposium on private housing enterprises since August last year.

  On November 21st of that year, the People’s Bank of China and China Banking and Insurance Regulatory Commission jointly held a national symposium on credit work of commercial banks to study and deploy financial support to stabilize the economy. At the symposium, Pan Gongsheng, member of the Party Committee and vice president of the People’s Bank of China, introduced that on the basis of the special loan for "guaranteed delivery building" launched in the early stage, the People’s Bank of China will launch a loan support plan of 200 billion yuan for six commercial banks to provide commercial banks with zero-cost funds to encourage them to support the work of "guaranteed delivery building". The first arrow "credit" financing force.

  On November 8, 2022, official website, a dealer association, announced that, with the support and guidance of the People’s Bank of China, the dealer association continued to promote and expand the "second arrow" to support private enterprises, including real estate enterprises, in order to implement a package of policies and measures to stabilize the economy, adhere to the "two unwavering" and support the healthy development of private enterprises. The relevant policies and measures issued by the Dealers Association are the "second arrow" — — Continuation and expansion of bond financing support tools for private enterprises.

  On November 28th, 2022, CSRC decided to adjust and optimize five measures in equity financing, including resuming mergers and acquisitions and matching financing of listed companies involved in housing, resuming refinancing of listed real estate enterprises and listed companies involved in housing, adjusting and improving the overseas listing policy of real estate enterprises, further giving play to the role of real estate investment trusts (REITs) in revitalizing the existing assets of real estate enterprises, and actively playing the role of private equity investment funds. This is also considered by the industry to be the "third arrow". After the introduction of the "third arrow", many listed real estate enterprises and housing-related enterprises planned to refinance.

  According to incomplete statistics, it at least includes Country Garden, Agile, Beixin Road and Bridge, Fuxing, Shimao, the new lake treasure, Tiandiyuan, Lujiazui, Vanke, Huaxia Happiness, Jinke, China Merchants Shekou, Jiakai City, Waigaoqiao, Huafa, Guancheng Datong, Greenland Holdings, Dima, gree real estate, Chinese Enterprises, Xincheng Development, Tibet City Investment, and Dexin China.

  Buying a house by one person and helping the whole family.

  In 2022, more and more cities introduced a new provident fund policy, making it clear that immediate family members can withdraw the housing provident fund to help buyers pay the purchase price or repay the mortgage, and implement "one person buying a house to help the whole family".

  According to incomplete statistics of The Paper, by the end of 2022, At least including Shaoyang in Hunan, Chaozhou in Guangdong, Qinhuangdao in Hebei, Zhuhai in Guangdong, Ganzhou in Jiangxi, Cangzhou in Hebei, Chizhou in Anhui, Chuxiong in Yunnan, Tangshan in Hebei, Xianning in Hubei, Quanzhou in Fujian, Tianjin, Maanshan in Anhui, Shenzhen in Guangdong, Hainan, Xinyang in Henan, wuzhong in Ningxia, Huzhou in Zhejiang, Lianyungang in Jiangsu, Taizhou in Zhejiang, Dingxi in Gansu, Suining in Sichuan, Chuzhou in Anhui, Shanwei in Guangdong, Yinchuan in Ningxia and Sichuan. More than 30 local governments, such as Liaocheng in Shandong, Jingzhou in Hubei, Xingyang in Henan and Lai ‘an in Anhui, have issued new policies on provident fund loans. Many places mentioned in the policies that children can withdraw their parents’ provident fund when buying a house, and implement "one person buys a house to help the whole family".

  Formally, the policy adjustment of "one person buying a house to help the whole family" is carried out from the aspects of helping to repay the loan, helping to withdraw the provident fund to pay the down payment, and withdrawing the relatives’ provident fund to pay the house purchase price. The industry believes that through the help of immediate family members, the economic pressure of buyers can be shared, the purchasing power of residents can be restored from the demand side, and the mood of residents buying houses can be boosted.

  mainstay industry

  At the end of December 2022, the central government reiterated that "real estate is a pillar industry of the national economy" and affirmed the importance of real estate, which will help to restore confidence in the real estate market.

  On December 15th, 2022, Liu He, Vice Premier of the People’s Republic of China delivered a written speech at the fifth round of China-EU dialogue between business leaders and former senior officials. Liu He pointed out that we have great confidence in the overall improvement of China’s economy next year. Real estate is the pillar industry of the national economy. In view of the current downside risks, we have introduced some policies and are considering new measures to improve the balance sheet of the industry and guide the market expectation and confidence to pick up. In the coming period, China’s urbanization is still in a rapid development stage, and there is enough demand space to provide support for the stable development of the real estate industry.

  On December 18, 2022, the relevant person in charge of the Central Finance Office made an in-depth interpretation of the spirit of the Central Economic Work Conference and the current economic hot issues: the focus of the real estate policy next year (2023) is: First, we must fully recognize the importance of the real estate industry. Real estate is a pillar industry of national economy with long chain and wide coverage. There are still some restrictive policies that hinder the release of consumer demand in housing consumption and other fields, and these consumption potentials should be released.

  The industry believes that the stability of real estate is crucial to the stable recovery of macro-economy in 2023. Under the positioning of pillar industries, it is expected that the optimization and improvement of policies at both ends of real estate supply and demand will be more direct and rapid in the future, and the intensity is expected to be further increased.

The audience at Zhengzhou Station of the film "Hot Search" roadshow sent Xin Yukun Altman model.


1905 movie network news The film directed by, starring, and starring is being shown. The film was released for two days, with a cumulative box office of 21.99 million. The reality of the network is shocking, the public opinion is reversed, and the audience calls out "I am addicted to it." On December 1st, the national roadshow of "Hot Search" and "Sound All the Way" came to Zhengzhou. Director Xin Yukun and actors came to the roadshow to communicate with the audience after the show.


Actor Zhong Chenyao

In addition to being moved by the realistic theme and passionate mood of the film, some viewers said that they "saw the plight of women and the sense of strength of women in the film" and praised that "the director presented the female perspective particularly well". The director admits that the film has the nature of mass communication, and as a filmmaker, he will also shoulder a sense of social responsibility, saying that "the plight of women presented in the film should be paid attention to and seen", and the female characters of different ages and attributes in the film "can bring more comprehensive female group images to everyone".


Relieve the gas and enjoy it! "Cool and moved, watch and cry three times."

The audience sent the director Altman model to praise "have the courage to dare to shoot"


In the movie, power tries its best to cover up the truth, and the weak have nowhere to speak, so they can only tell each other their lives. The bloody reality makes the audience say that they are "angry and worried", "they will tremble when they are angry to the extreme", and they can’t breathe when they see the weak being oppressed. At the end, when the Justice League went through all the difficulties and finally succeeded in making a sound, the audience "finally gave a bad breath" and gained the power of moving and blood. They lamented that the film made them "cry three times" and said that "in the face of the truth, they should be as brave as Chen Miao and Xiao Sui, and it is inevitable that the night will be slightly cold, and there will be dawn before moving forward".

Director Xin Yukun.

Xin Yukun rooted in reality and gained insight into human nature, and portrayed a real illustration of contemporary public opinion field with a sharp perspective. At the scene, an audience presented the Altman model to Director Xin Yukun, saying that the director "dared to shoot and expose the ugliness of the world in his own way". The director said frankly, "I hope that through this film, the social network environment will change a little." Zhong Chenyao also said, "I hope the film can really affect some people and let everyone speak more rationally."


The mother-daughter audience supported the film "Seeing the Power of Women"

Touched and resonated! The audience shared their "wonderful life"


At the scene of the road show, a journalist took his mother to watch the movie, saying that he saw the power of "girls help girls" and the power of his mother in the film. Mom also said that after watching the movie, she was deeply touched. "I can understand the helplessness of Xiaomou’s mother and see the suffering of ordinary people in the movie." The director admits that "I don’t want to label the weak because everyone has their own difficulties behind them", saying that "this is a film about online public opinion, and it is also a film that can show the strength of women."


performerwang xiaotian

Chen Miao, who bravely resisted power in the film, also resonated with the audience, saying that "I was particularly moved by Chen Miao’s pursuit of truth and her courage to speak out for women." Some viewers shared that they had encountered similar difficulties in high school. Fortunately, there was unconditional support from friends at that time, saying that "I am very grateful to my friends for being Chen Miao in my life". The director explained that the role of Chen Miao "presents the unique side of women at present", pursues career and empathizes with the weak. "There are many female figures in life who are pushing things to change. I hope everyone can see what they have done and convey this power.".


The film "Hot Search" is showing.


Getting closer! Xiaomi Auto WeChat official account has been launched.

On October 9th, Xiaomi Auto WeChat WeChat official account was officially launched. It is understood that "Xiaomi Automobile" WeChat official account was migrated from "Xiaomi Racing" WeChat official account, and the certification subject was Xiaomi Automobile Technology Co., Ltd., and the certification was completed on September 21st.

It is understood that "Xiaomi Racing" is a racing racing game launched before Xiaomi’s mutual entertainment. Its owner is Beijing Kawara Tsutomu Network Technology Co., Ltd., a mobile internet enterprise invested by Lei Jun.. Xiaomi Racing started the public beta in 2019, and in October 2020, Xiaomi Racing released a notice of suspension, which indicated that it officially stopped operating because the agreement with the game developer was about to expire.

In fact, news about the progress of Xiaomi Automobile has been coming out in recent days. At the beginning of October, Xiaomi Automobile posted the recruitment of related automobile R&D positions on the Internet, including the positions of extended-range system design and development engineer, fuel system engineer and exhaust system engineer. In addition to personnel recruitment, many netizens released test photos of Xiaomi Automobile in Turpan, Xinjiang in August. At the same time, some people familiar with the matter revealed that the first-class and second-class battery suppliers of Xiaomi Automobile have finalized Zhongchuang Singapore Airlines and Contemporary Amperex Technology Co., Limited as the battery suppliers at this stage. In addition, it was reported earlier that Xiaomi Company has been approved by relevant departments in China to start producing electric vehicles, and various signs may also mean that Xiaomi Automobile is coming soon.

As we all know, since Xiaomi Automobile announced the construction of cars, the production qualification of cars has always been a difficult problem that Xiaomi Automobile needs to face. Last year, there was news in the market that the brand of Xiaomi car was not approved, and it was included in the concept of disorderly expansion of capital. It may not be called Xiaomi car in the future, but it can only be OEM for others. At that time, in response to this news, Wang Hua, general manager of Xiaomi Public Relations Department, responded: The news was untrue. In addition, it was reported earlier that Xiaomi Automobile obtained the production qualification from Beijing Baowo, but with the cancellation of the production qualification of Beijing Baowo, this way was basically blocked. At present, it is still unknown how Xiaomi Automobile will obtain production qualification. However, Xiaomi Auto completed the domain name filing of "xiaomiev.com" website on August 2nd this year, and the website is likely to be followed by Xiaomi Auto official website website.

It has been two and a half years since Xiaomi Automobile announced the construction of a car in March 2021. During this period, in order to build a car across the border, Xiaomi has invested a lot of money in building a car. Relevant data show that in the second quarter of 2023, the innovative business expenses of Xiaomi smart electric vehicle were 1.4 billion yuan. Lu Weibing, president of Xiaomi Group, later said that the actual investment of Xiaomi Automobile is even greater. Xiaomi is making the long-term layout of the automobile with the goal of entering the top five in the world in the future, doing full-stack self-research, and also building its own automobile factory, so the investment in cash flow is even higher than the disclosed figures.

It is worth noting that from the financial report released by Xiaomi in the second quarter of 2023, Xiaomi’s income in the second quarter is not ideal. Relevant data show that the total revenue of Xiaomi in the second quarter of 2023 was 67.35 billion yuan, which was higher than the market expectation of 65.13 billion yuan, but it was 4% lower than that of 70.17 billion yuan in the same period last year. Xiaomi’s smartphone revenue was 36.6 billion yuan, down 13.4% year-on-year. The official said that the decrease was due to the decrease in smartphone shipments, which was partially offset by the increase in the average selling price of smartphones. In the case of declining smartphone revenue, Xiaomi was also exposed this year that the number of employees in Indian companies has dropped from the highest of 1,500 to around 1,000, and more people will be laid off in the coming months. In response to the layoffs of Xiaomi India, the official response indicated that the decision of personnel adjustment was made according to market conditions and business forecasts.

At present, Xiaomi is still in the preparatory stage, and it needs to continue to invest a lot of money in building cars. Although Lei Jun, the founder of Xiaomi, once said: "Xiaomi is different from the previous entrepreneurship in the mobile phone industry. Xiaomi now has money and we can afford it." However, with the extension of the timeline, I am afraid that no amount of money can stand the toss. At present, we can only speed up the launch of Xiaomi Automobile, so that Xiaomi Automobile can usher in significant progress.

What are the Japanese animation design schools?

In recent years, more and more China students choose to study abroad. Which Japanese animation design schools are there? This article aims at this problem, sorting out the information for everyone, and then let’s learn about it together.

What are the Japanese animation design schools?

Recommended by Japan Animation Design School

1. Kyoto elite university

Kyoto Seika University (English: Kyoto Seika University) is a Japanese private university located in Kyoto Prefecture, which was founded in 1968. Kyoto Essence University takes respecting personality and treating every student seriously as its educational foundation, and through imparting and researching knowledge and art, it enables students to form self-reliant personality that serves human society wholeheartedly. The purpose of the school is to cultivate self-reliant talents who are responsible for the society, so it has always maintained the perspective of paying attention to the real society and implemented activities that contribute to the society. In Kyoto elite university, an organic society is formed with the support of teachers and students, and education is implemented on the basis of interpersonal communication in this university society.

Referred to as essence or essence. Essence University is the first university in Japan to establish a cartoon major. It is a very representative university in the field of cartoon major. It has an excellent lineup of professors and even attracts much attention in the world. In 2010, the first manga research department in Japan was established for the purpose of studying manga and developing manga business. In Japan, the Department of Cartoon Studies at Kyoto Seibu University is the cradle for training cartoonists and cartoonists. There, students can learn how to make cartoons of so-called cartoonists, and also study many theories of cartoons in depth.

2. Tokyo University of the Arts

Tokyo University of the Arts (Japanese Hiragana: とぅきょぅげぃじゅつだぃがく) is referred to as ". Its predecessor was the Tokyo Fine Arts School and the Tokyo Music School, which were founded in 1887 respectively. In 1949, the two schools merged to form the new Tokyo University of the Arts. The main purpose of Tokyo University of the Arts is to train artists in the fields of fine arts and music. Among them, the Music Department has trained many famous composers, performers and conductors, and the Fine Arts Department has also produced many famous painters, artists and architects.

The educational purpose of this school is: to cultivate artists with the highest level of art education in the world, artists with artistic professionals, and educators/researchers in the art field; Promote the inheritance of traditional culture and create new artistic expressions, and at the same time communicate with Japanese and overseas art and education research institutions and other fields; Recognizing the importance of heart activity and promoting the formation of a rich and dynamic society in this field, citizens are committed to creating opportunities to be familiar with art and make contributions to society with art.

The school consists of 2 departments and 14 disciplines, including the Fine Arts Department (painting department, sculpture department, craft department, design department, architecture department, art performance department and art discipline) and the Music Department (composition department, conductor department, vocal music department, instrumental music department, bang music department, music science department and music environment creation department).

3. Musashino University of Fine Arts

Musashino University of Fine Arts (Japanese pseudonym: むさしのびじゅつだぃがく, English name: Musashino Art University, MAU) is located in Ogawa, Xiaoping City, Tokyo. Founded in 1962, it was formerly the Imperial School of Fine Arts, which began in 1929.

In the 24th year of Heisei (2012), Musashino University of Fine Arts was successfully included in Japan’s global talent cultivation promotion plan. The program is jointly implemented by the Ministry of Education, Culture, Sports, Science and Technology of Japan and the Japan Association for the Promotion of Academic Affairs, and is a financial support program aimed at cooperating with universities to promote international education and enhance the international competitiveness of a new generation of young Japanese talents.

Musashino University of Fine Arts is a comprehensive university of fine arts modeling education. The fine arts discipline has four majors: Japanese painting, oil painting, printmaking and sculpture. The design discipline includes six majors: visual communication, craft industry, space performance, basic design, architecture and image. In order to explore new fields, the school has also set up two new majors, namely, art culture and information design, with a total of 12 majors. Musashino University of Fine Arts is an art specialized institution of higher learning with the largest classification of disciplines and the largest education scale in Japan.

4. Tama University of Fine Arts

Tama University of Fine Arts, established in 1935, was a Japanese private university with university education in 1953. It’s called "Domomey" for short. The main campuses of the university are located in Hachiko and Ueno Mao, and it is now the largest fine arts university in Japan. It is also one of the five largest universities in Tokyo. Together with Tokyo University of Arts and Musashino University of Fine Arts, it is the top fine arts university in Japan.

5. Baozang University

Baozuka University is a private university established in 1987, referred to as Baozuka University. Formerly known as Baozhong University of Plastic Arts, it is operated by Kansai Women’s College, a school legal person. It consists of three major disciplines, namely plastic arts, media content design and nursing. Compared with the majors of design and animation, Baodong University has set up related courses in plastic arts and media content design. However, there are still some differences in emphasis. For example, in the cartoon course of plastic arts design, computer design and abstract design will be more emphasized, and the direction of employment is animation design in film and television and stage. In the subject of media content design, the cartoon course focuses on the basic skills of independent work design and hand-drawing, and trains talents with cartoonists and full-time authors as the goals.

The above is the introduction of Japanese animation design school, I hope it will help you.

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Actor wuyue: I’d rather live in a work than live in a hot search.

In the face of He Yun, a "cloudy character" in "Sweeping the Black Storm", wuyue said: "If you don’t dig out snacks, dig up some liver, you can’t do it."

Source: Wen Wei Po (abridged original)

Before "Sweeping the Black Storm", many people called actress wuyue "Lingling", which is the role she created in "My First Half". Wuyue was scolded by some viewers for shutting down Weibo’s comments because of her portrayal of this annoying role.

After Sweeping the Black Storm, many people began to call wuyue "He Ju" or "He Yun". This time, she didn’t play a positive role, but the public praised her rich performance.

The audience’s "no distinction between people and drama" has caused trouble to the actors, but from the perspective of performance, it is also an acting medal awarded to the actors.

She prefers to "live in a work" rather than "live in a hot search". In addition to participating in the voice charm competition variety "Coming to the Scene", she focused on acting: from the TV series "My First Half Life", "Elite Lawyer", "last romance" and "Sweeping the Black Storm" to the movie Better Days, and then to the drama "Dream Like a Dream" … Every role she played broke through the limitation of typology as much as possible.

Better Days

Ling Ling in My First Half Life is an anti-type and anti-routine role. Chen Nian’s mother in Better Days is also a three-dimensional image, and it is difficult to simply define it with the label of "good mother" or "bad mother"; Gu Xianglan in Dream as a Dream is a dusty woman. ……

When filming "Sweeping the Black Storm", wuyue has been immersed in the emotion of "He Yun". In the face of this "role with more cloudy days inside", wuyue bluntly said: "If you don’t dig snacks, dig some liver, you can’t make it."

As an actor, wuyue has proper limit.

At that time, he was admitted to Shanghai Theatre Academy with the first grade in professional courses, and he also won various awards after his debut. However, she admits that she has never really been confident in acting, and she can’t get rid of the sense of panic of newcomers.

Wuyue said frankly that she had been anxious and confused, and even felt that she was "very, very failed, and her life was very gloomy". What helped her in the end was learning and listening.

Once, at work, she took on an overloaded drama contract for fear of "losing". She played five or six plays in continuous shooting with high intensity in one year, which caused her body to "collapse" at the age of 35-thyroid inflammation and had to be nursed back to health.

She stopped filming for a year to recuperate her life. This year’s "stop" also made her discover that it was not so terrible to have no filming and no income for a year.

It is probably because of this experience that she realized: "You should have the ability to recognize something or a situation, which may be an ugly gift from life."

She said: "The profession of an actor is a profession of dealing with the heart. When your heart is out of order, you can see it in your eyes." Wuyue’s determination made her keep her original heart as an actress.

For an actor, most of the time, taking the road that few people walk and looks the most stupid and clumsy is the most competitive, longest and most stable road.

Editor | Sui Fangfang Rao Wenyuan