Release the rules for the management of online car-hailing in many places: lower the entry threshold for vehicles and drivers

  Since September this year, a number of cities, including Quanzhou in Fujian and Lanzhou in Gansu, have been revealed to have relaxed their online car-hailing policies.

  Recently, Hangzhou, Zhejiang also launched a legislative hearing on the "Hangzhou Passenger Taxi Management Regulations (Revised Draft) ", planning to include online car-hailing in the management of passenger taxis, and adjust the vehicle standards and driver access standards for online car-hailing.

  Cheng Huiqiang, a researcher at the Development Research Center of the State Council, said in an interview with the surging news reporter that online car-hailing itself is one of the paths to deepen the reform of the taxi industry, and the policy adjustment according to local conditions reflects the government’s open and scientific attitude towards emerging business models. Because there is still a time difference between the implementation of online car-hailing policies in various places, the exploration of leading cities can provide reference for subsequent cities to formulate local online car-hailing rules.

  In July 2016, the "Interim Measures for the Management of Online Booking Taxi Business Services" was issued, which came into effect on November 1 of the same year. China took the lead in recognizing the legality of online car-hailing. Subsequently, detailed rules for the management of online car-hailing were issued in many places, many of which required drivers’ household registration and operating vehicle standards.

  Detailed rules for the management of online car-hailing in some cities

  Since September this year, Quanzhou and Lanzhou have been exposed to loosen the local version of the online car-hailing management rules. Hangzhou recently also held hearings on relevant policies.

  From the above-mentioned rule changes in the three cities, they mainly include the following:

  1.Lower the entry criteria for vehicle prices.

  Compared with the previous implementation details, Quanzhou, Lanzhou, and Hangzhou have all previously established minimum price standards for online car-hailing.

  Quanzhou originally required that the price of online car-hailing should not be less than 150,000 yuan, which needs to be more than 50% higher than that of mainstream taxis. Now it is adjusted to that the price of the vehicle should not be less than 1.2 times the price of the taxi. Lanzhou City will adjust the "online car-hailing price to be more than 140,000" to 1.5 times that of mainstream taxis.

  According to media estimates from the two places, thanks to this, the entry threshold for online car-hailing prices in the two places has dropped by more than 30% to 50%.

  2. Lower vehicle configuration standards.

  Previously, Quanzhou detailed rules required that online car-hailing must be equipped with positioning devices and emergency alarm devices with driving record functions, and must use the "Beidou" satellite positioning system. The new rules cancel the designated system and only require the same technical conditions.

  Lanzhou is in the new regulations.Deleted the relevant standards of "vehicle wheelbase 2700mm", "new energy vehicle wheelbase 2650mm or more", and "providing Internet wireless access, mobile phone chargers, paper towels, umbrellas, etc. for passengers to use".

  Hangzhou’s draft amendment simply cancels all the original vehicle wheelbases and pricing standards, and treats online car-hailing and taxis "equally."

  3. Lower the driver’s entry threshold.

  In the new regulations (draft) of Lanzhou and Hangzhou, both will obtain the city’s household registration or the city’s residence certificate as the entry threshold for online car-hailing drivers.The previous one-year time limit for obtaining a residence permit in this city has been removed.

  4. Reduce the difficulty of the exam.

  On September 8, the Ministry of Transport issued the "Notice on the Reform of the Taxi Driver Qualification Examination", which reduced the number of question bank questions from 1200 to 500, and the ratio of the number of question bank questions to the number of test paper questions did not exceed 10:1.

  5. Reduce administrative duplication of approval.

  Originally, if an online car-hailing platform wanted to settle in Quanzhou City, it had to submit an application to the Fujian transportation authority, which would review the platform’s online service capabilities. Now it is adjusted to be reviewed and identified by the platform company’s registration place to reduce duplicate certification.

  6. Reduce administrative intervention in the market.

  The original rules of Quanzhou City require that online car-hailing drivers cannot "marry one woman and two" and cannot connect to two or more online car-hailing platforms at the same time. The new regulations cancel this regulation and adjust it to the driver signing an agreement with the platform provider and acting in accordance with the agreement.

  It is worth noting that Hangzhou has also tried to incorporate online car-hailing into the management system of passenger taxis. To this end, Hangzhou has tried its best to conform to the existing taxi standards in terms of online car-hailing model access, and has proposed that the Hangzhou cruise taxi and online car-hailing exams will be implemented "two tests in one" and "two certificates in one". Drivers who pass the exam can not only drive online cars, but also drive taxis to achieve interactive flow.

  The gray operating state persists

  Regarding the adjustment of the new regulations on online car-hailing in many places, Surging News asked several online car-hailing platforms for their views, and the general response was: It is inconvenient to say more now.

  According to data from the Ministry of Transport, as of the end of July this year, 133 of the 338 cities above the prefecture level across the country have issued detailed implementation rules for online car-hailing, and 86 are publicly soliciting opinions.

  Some cities have been unable to issue detailed rules for the management of online car-hailing, and the slow progress of some online car-hailing platforms has led to the fact that online car-hailing drivers in many places are also in a state of gray operation.

  In August this year, Guizhou Metropolis Daily said that Anshun City has been unable to introduce new regulations on online car-hailing. In the face of the city-wide illegal operation of special projects, more than 4,000 online car-hailing cars in the city have become "illegal vehicles".

  At the same time, the number of cities where online ride-hailing platform companies have been allowed to land is not large.

  In July this year, according to the People’s Daily, there are more than 130 online car-hailing platform companies in the current market. As of now, 19 online car-hailing platform companies, including Didi Chuxing, Shenzhou Special Car, Shouqi Car, and Cao Cao Special Car, have obtained business licenses. Didi Chuxing, Shenzhou Special Car, Shouqi Car, Yidao, and Cao Cao Special Car have obtained business licenses in 22, 33, 29, 8, and 13 cities respectively.

Hengda Motors Receives $500 million Strategic Investment from NWTN Group

  [Autohome News] On August 14th, Hengda Automobile (0708.HK) announced that it received the first strategic investment of 500 million US dollars from NWTN Group, a listed company held by the UAE sovereign fund, and 600 million RMB transition funds will be received one after another 5 working days after the announcement. All the war investment funds will be used for Hengda Automobile’s Tianjin factory to ensure the normal production of (|) and the continuous mass production of Hengchi 6 and 7. It is worth noting that NWTN Group will also assist Hengda Automobile to explore overseas markets and achieve the annual export of 30,000-50,000 Hengchi vehicles to the Middle East market.

Hengchi Auto, Hengchi 5 2022, Super Deluxe Edition

  It is worth mentioning that China Hengda, Mr. Xu, Hengda New Energy Vehicles and the subscribers have entered into a new energy vehicle share purchase agreement, according to which Hengda New Energy Vehicles has conditionally agreed to allot and issue, and the subscribers have conditionally agreed to subscribe for the subscription shares, resulting in the subscribers holding about 27.50% of the total issued share capital of Hengda New Energy Vehicles as a result of the issuance of new energy vehicle shares after the completion of the debt-for-equity swap and the subscription of new energy vehicle shares. The total consideration is HK $3,889,723,903 (equivalent to approximately US $500 million), which means that the subscription price per subscription share is HK $0.6297.

  Assuming that the new energy vehicle debt-to-equity swap is completed and immediately following the completion of the new energy vehicle share subscription, Hengda Group’s shareholding ratio in Hengda New Energy Vehicle will be diluted to approximately 46.86%, and Hengda New Energy Vehicle will no longer be a non-wholly-owned subsidiary of Hengda Company, and its financial results will no longer be integrated into the results of Hengda Group.

  Analysts said that after the completion of the real estate business divestiture, Hengda Automobile has become a pure new energy automobile company. This time, NWTN Group injected 500 million US dollars into Hengda Automobile for the first time, and I believe there will be more capital injections in the future. (Compiler/Autohome Zhouyi)

Japan has turned on the "faucet" and South Korea’s public opinion has changed: is Japan-South Korea relations facing an inflection point?

  On August 8, the Japanese government approved the export of one of the related materials for the first time 35 days after it started to strengthen the export control of three kinds of semiconductor materials exported to South Korea on July 4. After the review, the Ministry of Economy, Trade and Industry of Japan decided that there was no risk of these goods being used for military equipment, so it only took one month to approve the application, which was earlier than the standard 90-day review period. In response, the South Korean government also postponed kicking Japan out of the list of white countries.

  In the past more than a month, the tense Japan-ROK relations have been escalating and fermenting. Japan has no intention of retreating step by step, but it has slowed down slightly at this time. In this regard, Li Jiacheng, an associate professor at the School of International Studies of Liaoning University, analyzed The Paper’s case, saying that Japan’s move is to prove its innocence, to show the international community that exports to South Korea are restrictive measures rather than embargoes, to seize the commanding heights of international public opinion, and to show South Korea its control over the trade flow and flow between Japan and South Korea. The collection and release of its export restrictions depends on South Korea’s policy toward Japan.

  Japan controls the "faucet switch"

  Japan’s Minister of Economy, Trade and Industry, Shigeng Hongcheng, announced on the 8th that he approved the export of one of the related materials, but also warned South Korea that if three high-tech materials are found to be improperly used, we will take comprehensive measures to prevent such situations from happening again, including expanding the application review. The Central Daily News quoted foreign media as saying that Japan issued a warning after it announced its exports, which showed that Japan was unwilling to unilaterally stop exporting to South Korea while increasing its bets in this diplomacy.

  The Japan Broadcasting Association (NHK) reported that various media in South Korea made a lot of reports on the front page of the 9th that the Japanese government allowed some enterprises to export to South Korea for the first time. NHK said that South Korean media accused Japan of adopting "faucet tactics" to deal with South Korea, and also pointed out that Japan was "adjusting export control according to international public opinion and anti-Japanese public opinion in South Korea".

  According to the Central Daily News, industry and experts analyzed that Japan approved the export of related materials for two reasons. The first is to consider the actual interests of Japanese companies to make choices. The report quoted people in the semiconductor industry as saying, "Japanese companies have also appealed to their own governments that it is not easy to export except to Korean companies, and the Japanese government has begun to realize the seriousness of the situation." On the other hand, Japan’s strategy is like turning on and off a tap at will, and it decides to relax or tighten export restrictions according to international public opinion and domestic reaction in South Korea.

  Li Jiacheng believes that the anti-Japanese public opinion in South Korea is getting worse and worse, and Japan does not want to make Japan-South Korea relations out of control and irreparable. The approval of the export of some materials this time is a measure to ease the pressure; Moreover, if Korean companies find alternatives, the effect of Japan’s restrictions on Korea will not be as obvious as previously expected.

  "East Asia Daily" said that on the one hand, Japan emphasized that export control measures to South Korea were not embargo measures, on the other hand, it hinted that it would strengthen export control according to the situation, which showed Japan’s "two-faced tactics" against South Korea and "showed Japan’s containment and manipulation of the rope of Japan-South Korea relations."

  While the South Korean media reported extensively on the dispute between Japan and South Korea and accused the Japanese side, the Japanese media did not show weakness. Japan’s Sankei Shimbun reported on the 9th that authoritative research institutions in the United States pointed out that the responsibility for the confrontation between Moon Jae in and South Korea lies with the Japanese government.

  According to the report, the Heritage Foundation, a famous American research institution, held a discussion on the "Japan-South Korea trade dispute" in Washington on the 7th. Snyder, director of the US-South Korea policy plan of the American think tank Foreign Relations Association (CFR), believes that Moon Jae in, as the president of South Korea, should balance domestic politics and foreign policy, but he put the issue of comfort women at the forefront of Japan-South Korea relations, so as to consolidate his political position in South Korea, which leads to a dilemma now; Moon Jae in’s inaction on the issue of labor expropriation is also a reason for the opposition between Japan and South Korea.

  South Korea suspended the "white list" agenda and launched the anti-Japanese "Depth Charge"

  The South Korean side made an intriguing response to the "faucet switch" that Japan unscrewed on the 8th. On the one hand, South Korea postponed the agenda of kicking Japan out of the white list of South Korean exports. On the other hand, Moon Jae in reshuffled its cabinet on the 9th, bringing in authoritative experts in the semiconductor field and well-known hardliners against Japan.

  According to a report by the Central Daily News on the 9th, the South Korean government originally planned to propose the Amendment to the Announcement on Import and Export of Strategic Materials, which removed Japan from the list of white countries, on August 8th, but the government held a ministerial meeting on Japan’s export regulation correspondence on the same day. The Ministry of Industry, Trade and Resources of the Republic of Korea stated that "as a result of discussing the export system of strategic materials, it was decided to determine the specific content and promotion schedule in the future", which was interpreted as the adjustment made by the ROK to the Japanese reaction.

  While temporarily kicking Japan out of the white list, South Korea also decided to greatly strengthen the detection of radioactive energy and heavy metals in the import of daily coal ash. This can be seen as South Korea refraining from expanding its economic war with Japan on the one hand, and taking out "restricted chips" on Japanese imports on the other.

  Li Jiacheng believes that this is because South Korea wants to cool down and deal with trade disputes, and fight a trade war with Japan, the third largest economy, but South Korea still lacks confidence. "In short, can’t afford to play. I had to fight before, but now there is an exit, so I will cool it down, "Li Jiacheng said.

  On the 9th, Moon Jae in nominated 10 South Korean ministerial officials and reshuffled the cabinet. According to Yonhap News Agency, Moon Jae in nominated Cao Guo, former chief secretary of Cheongwadae’s civil affairs, as the Minister of Justice, Cui Qirong, a professor of electronic information engineering at Seoul National University, as the Minister of Science, Technology, Information and Communication, and Li Xiuhe, a member of the Common Democratic Party, as the South Korean ambassador to the United States.

  Moon Jae in also nominated Minister of Agriculture, Forestry, Animal Husbandry and Food, Chairman of the Fair Trade Commission and Chairman of the Finance Committee. This is the second time that the Moon Jae in government reshuffled its cabinet after replacing the heads of seven departments, including the Small and Medium-sized Venture Enterprise Department, on March 8.

  Although Moon Jae in’s move is for next year’s parliamentary elections, it cannot be considered that it has nothing to do with the current friction between Japan and South Korea.

  SankeiBiz, an economic information website under the Japanese Sankei Shimbun, pointed out that Moon Jae in once commented that Cui Qirong has "worldwide authority in the semiconductor field, and he has made great contributions to promoting Korean semiconductor memory to become the first in the world". Moon Jae in’s promotion of Cui Qirong may be regarded as one of the countermeasures to strengthen Japanese export control to South Korea. Li Xiuhe, the new ambassador to the United States, was the chief representative of the six-party talks on the Korean nuclear issue.

  Among these ten people, it is particularly noteworthy that the new Minister of Justice Cao Guo. Moon Jae in’s nomination of Cao Guo, a confidant and former chief secretary of Cheongwadae civil affairs, as the Minister of Justice is regarded as the biggest highlight of this cabinet reshuffle, which Yonhap News Agency said shows Moon Jae in’s determination to speed up the reform of procuratorial organs.

  The Asahi Shimbun pointed out that Cao Guo was famous as "Depth Charge who criticized Japan". After Japan took measures to strengthen export control against South Korea, Cao Guo wrote in Japanese in his personal social media face book "insulting South Korea’s sovereignty and damaging free trade". Regarding the issue of labor expropriation in World War II, he posted on social media that "those who deny, accuse and distort the facts should be called pro-Japanese (meaning traitors in Korean context)".

  Under the dilemma, there are different opinions in Korean political circles and public opinion has changed.

  A commentary in the South China Morning Post on the 7th pointed out that the Moon Jae in administration’s active efforts to improve relations with North Korea have weakened the US-South Korea alliance. North Korea’s recent missile tests have made Moon Jae in’s idea of developing a "peaceful economy" with North Korea to deal with the dispute between Japan and South Korea hopeless. The U.S. Defense Secretary’s proposal to deploy medium-range missiles in Asia may further put South Korea in a security dilemma. There are also differences in South Korean political circles on how to break through the predicament. Conservatives advocate easing Japan to restore the trilateral relations between the United States, Japan and South Korea on the basis of the United States, South Korea and the United States-Japan alliance, while progressives emphasize the need to win the "battle" with Japan.

  At a time when political circles have not yet reached a consensus, Korean public opinion seems to have undergone subtle changes. Japan’s "West Japan News" reported this detail change. For example, there are more and more calls for "anti-Abe instead of anti-Japan" in Korean media or social media. Banners such as "NO Boycott Japan" that appeared in a large number on the streets of Japan have attracted many criticisms in South Korea, saying that "Japanese tourists are not enemies" and demanding that banners be removed to calmly handle Japan-ROK relations.

  The Korean media also presented the idea that "government communication should be distinguished from civil opposition". The Korean National Daily introduced the voice of a representative of a Korean citizen group, who said that "conscientious Japanese citizens who oppose Abe’s regime should unite to play a role in Japan". Another male employee in Seoul said, "After stopping business exchanges with South Korea, I saw the disappointment of the local government in Japan with the Japanese government." He said that political and non-governmental exchanges should be separated.

  According to NHK, the results of a survey of 1,000 people conducted by the Korean poll "Gallup Korea" show that as of August 8, 54% of the people in South Korea answered "doing well" and 35% answered "doing wrong". In response to the question "Which side is more affected by Japanese and Korean enterprises", 57% answered "Korean enterprises" and 22% answered "Japanese enterprises".

  A commentary in the Central Daily News on August 5 pointed out that Korean nationals will naturally be angry with Japan’s actions. The government should also respect the feelings of the people, but if it deliberately incites anti-Japanese sentiment or acts in an extreme way, it will not benefit the country. The more this time, the more calm we must be. Korea and Japan are "close neighbors" who can’t live without each other. Even if conflicts occasionally break out, the government must formulate corresponding countermeasures for the long-term plan.

  At the end of this month, it is expected that Japan will take the second round of measures to strengthen export management to South Korea, and Japanese raw material enterprises are also accelerating to take countermeasures. For example, Morita Chemical Industry will start the production of hydrogen fluoride in China in 2019. 

  Li Jiacheng concluded with The Paper that he hoped Japan and South Korea would exercise restraint and handle it calmly. At present, the economic situation of South Korea and Japan is not optimistic, and the international economic environment in which the two countries are located is not good. On the one hand, they are affected by Sino-US trade frictions, and on the other hand, their domestic economic policies also have their own shortcomings. Weak growth and economic slowdown have become the norm. If the trade disputes between the two countries worsen, it will be even worse.

How strong is the financial support for real estate? State-owned enterprises and private enterprises treat each other equally and support the reasonable extension of stock financing.

  According to a number of media reports, the People’s Bank of China and China Banking and Insurance Regulatory Commission recently jointly issued the Notice on Doing a Good Job in Financial Support for the Stable and Healthy Development of the Real Estate Market (hereinafter referred to as the Notice).

  On November 14th, The Paper verified from trust, insurance and other institutions that he had received the Notice.

  The "Notice" promulgated 16 financial measures to support the real estate market, involving financial institutions including commercial banks, policy banks, trust companies, insurance companies and financial asset management companies.

  State-owned and private housing enterprises are treated equally, and support the reasonable extension of stock financing such as development loans and trust loans.

  In order to keep real estate financing stable and orderly, the Notice proposes that, first, we should adhere to the principle of "two unwavering" and treat all kinds of real estate enterprises, such as state-owned and private enterprises, equally. Encourage financial institutions to focus on supporting the steady development of real estate enterprises with perfect governance, focus on their main businesses and good qualifications. Support the project sponsor bank and syndicated loan model, strengthen the management of the whole process of loan approval, issuance and recovery, and effectively ensure the safety of funds.

  The second is to support all localities to implement differentiated housing credit policies based on national policies, reasonably determine the down payment ratio of local individual housing loans and the lower limit of loan interest rate policies, and support rigid and improved housing demand.

  The third is to stabilize the credit supply of construction enterprises. Encourage financial institutions to optimize credit services for construction enterprises on the basis of controllable risks and sustainable business, provide necessary loan support, and maintain continuous and stable financing for construction enterprises.

  Fourth, support the reasonable extension of stock financing such as development loans and trust loans. For stock financing such as development loans and trust loans of real estate enterprises, under the premise of ensuring the security of creditor’s rights, financial institutions and real estate enterprises are encouraged to negotiate independently on the basis of commercial principles, and actively support them by extending the stock loans and adjusting repayment arrangements to promote the completion and delivery of projects. As of the date of issuance of this notice,Due in the next six months, it can be extended for one year beyond the original provisions, without adjusting the loan classification.The loan classification submitted to the credit information system is consistent with it.

  The fifth is to keep bond financing basically stable. Support high-quality real estate enterprises to issue bonds for financing. Promote professional credit enhancement institutions to provide credit enhancement support for the bond issuance of real estate enterprises with overall financial health and short-term difficulties. Encourage bond issuers and holders to communicate in advance and make arrangements for bond redemption funds. If it is indeed difficult to pay on schedule, reasonable arrangements such as extension and replacement shall be made through consultation to actively resolve risks. Support bond issuers to buy back bonds in domestic and foreign markets.

  The sixth is to maintain the financing stability of asset management products such as trusts.Encourage trust and other asset management products to support the reasonable financing needs of real estate.. Encourage financial institutions such as trust companies to speed up business transformation, support the reasonable financing needs of real estate enterprises and projects according to the principles of marketization and rule of law on the basis of strictly implementing the regulatory requirements for asset management products and doing a good job in risk prevention and control, and provide financial support for real estate enterprise project mergers and acquisitions, commercial pension real estate, rental housing construction, etc. according to laws and regulations.

  Actively do a good job in the financial services of "guaranteed delivery building" and support relevant banks to add supporting financing support.

  As for the financial services of Baojiaolou, the Notice proposes to support China Development Bank and Agricultural Development Bank to issue special loans of Baojiaolou to borrowers who have been reviewed and filed in compliance with the law, efficiently and orderly in accordance with relevant policy arrangements and requirements, with closed operation and special funds earmarked for supporting the accelerated construction and delivery of sold overdue residential projects.

  After the special loan support project clarifies the creditor’s rights and debts, the special loan and the new judicial guarantee for supporting financing, financial institutions, especially the main financing commercial bank of the project personal housing loan or its leading syndicates, are encouraged to follow the principles of marketization and rule of law.Provide new supporting financing support for special loan support projects.To promote the resolution of the risk of personal housing loans that have not been handed over.

  Actively cooperate with the risk disposal of trapped real estate enterprises and actively explore market-oriented support methods.

  "Notice" said that it is necessary to do a good job in financial support for real estate project mergers and acquisitions and actively explore market-oriented support methods. Encourage commercial banks to carry out M&A loan business for real estate projects in a steady and orderly manner, and focus on supporting high-quality real estate enterprises to merge and acquire troubled real estate enterprise projects. Encourage financial asset management companies and local asset management companies (hereinafter referred to as asset management companies) to give full play to their experience and ability in the disposal of non-performing assets and risk management, and consult with local governments, commercial banks, real estate enterprises, etc. on risk resolution models to promote the accelerated disposal of assets. Encourage asset management companies to cooperate with third-party institutions such as law firms and accounting firms to improve the efficiency of asset disposal. Support qualified commercial banks and financial asset management companies to issue real estate project M&A themed financial bonds.

  For some projects that have entered the judicial reorganization, financial institutions can help promote the project to return to work and deliver according to the principles of independent decision-making, self-risk and self-financing. Encourage asset management companies to participate in project disposal by acting as bankruptcy administrators and reorganizing investors. Support qualified financial institutions to steadily explore ways to solve the risks of trapped real estate enterprises in accordance with laws and regulations by setting up funds, and support the completion and delivery of projects.

  Protect the legitimate rights and interests of housing finance consumers and personal credit rights and interests according to law.

  The "Notice" emphasizes encouraging independent negotiation in accordance with the law to postpone the repayment of principal and interest, and effectively protecting the personal credit rights of deferred loans. Specifically, for individuals who are hospitalized or isolated due to the epidemic, or who have lost their sources of income due to the suspension of business and unemployment due to the epidemic, and personal housing loans that have been changed or cancelled due to the purchase contract, financial institutions can independently negotiate with the buyers according to the principles of marketization and rule of law, and make adjustments such as extension. All parties concerned must abide by the rules, abide by the contract and fulfill their commitments. In this process, financial institutions should do a good job in customer service, strengthen communication, protect the legitimate rights and interests of financial consumers according to law, and classify assets according to relevant regulations. Acts of malicious evasion of financial debts shall be dealt with according to laws and regulations to maintain a good market order.

  In terms of personal credit rights, if the repayment arrangement of personal housing loans has been adjusted, financial institutions shall submit credit records according to the new repayment arrangement; If it is determined by the judgment or ruling of the people’s court that it should be adjusted, the financial institution shall adjust the credit records according to the effective judgment or ruling of the people’s court, and adjust those that have been submitted. Financial institutions should properly handle relevant credit objections and protect the rights and interests of information subjects according to law.

  Adjust some financial management policies in stages to accelerate the marketization of real estate risks.

  According to the Notice,Extend the transition period arrangement of real estate loan concentration management policy and optimize the financing policy of real estate project M&A in stages.. For banking financial institutions that can’t meet the requirements of real estate loan concentration management as scheduled due to objective reasons such as epidemic situation, the People’s Bank of China, China Banking and Insurance Regulatory Commission or branches of the People’s Bank of China, and China Banking and Insurance Regulatory Commission dispatched offices will reasonably extend their transition period according to the relevant provisions on the management of real estate loan concentration, based on the actual situation and through objective evaluation.

  At the same time, relevant financial institutions should make good use of the staged real estate financial management policies that have been promulgated by the People’s Bank of China and China Banking and Insurance Regulatory Commission, which are applicable to major commercial banks and national financial asset management companies, and accelerate the market-oriented clearing of real estate risks.

  Increase financial support for housing leasing and broaden diversified financing channels in relevant markets.

  The "Notice" proposes to optimize housing rental credit services and broaden diversified financing channels in the housing rental market. Guide financial institutions to focus on increasing credit support for self-sustaining property-based housing leasing enterprises with independent legal person operation, clear business boundaries and real estate professional investment and management capabilities, rationally design loan terms, interest rates and repayment methods, and actively meet the medium and long-term capital needs of enterprises. Encourage financial institutions to provide financial support for various entities to purchase and rebuild real estate projects for housing leasing in accordance with the principles of marketization and rule of law. Loans issued by commercial banks to affordable rental housing projects that hold the confirmation of affordable housing rental projects are not included in the concentration management of real estate loans. Commercial real estate is transformed into affordable rental housing, and after obtaining the confirmation of affordable rental housing, the bank’s loan term and interest rate are applicable to the relevant policies of affordable rental loans.

  At the same time, support housing leasing enterprises to issue direct financing products such as credit bonds and guarantee bonds, which are specially used for the construction and operation of rental housing. Encourage commercial banks to issue financial bonds to support housing leasing, and raise funds to increase the development and construction loans and operating loans for housing leasing. Steadily promote the real estate investment trust funds (REITs) pilot.

How much do you know about female menopause?

In the process of female physiological development, menopause is an inevitable physiological phenomenon. Menopause refers to the gradual decline of women’s ovarian function, the gradual irregularity of menstrual cycle and the final cessation of menstruation. This is a natural change, usually between the ages of 40 and 55. However, for many women, menopause is not only a matter of age, but also a series of physical and psychological changes.

According to the theory of traditional Chinese medicine, female menopause is related to yin-yang imbalance. Yin and Yang are important concepts in TCM theory, and they represent two relative and interdependent forces. Yin represents the cold, wet, static and soft nature of the body, while Yang represents the hot, dry, dynamic and rigid nature of the body. In the female body, the ovary is yin, menstruation is one of the characteristics of yin, and the uterus is yang, representing fertility and the continuation of life. When women go through menopause, the ovarian function gradually declines, and the imbalance between Yin and Yang leads to a series of changes in the body.

During menopause, women often encounter some physical discomfort. One of the most common symptoms is hectic fever and hyperhidrosis, which is because the imbalance of yin and yang leads to the excess of yin deficiency and heat in the body. Other common symptoms include insomnia, palpitation, mood swings, headache and loss of libido. These symptoms have brought troubles to women’s life and work.

There are many ancient and modern famous prescriptions in traditional Chinese medicine that can help relieve women’s discomfort during menopause. For example, the use of traditional Chinese medicines such as Radix Astragali, Fructus Ligustri Lucidi, and Radix Angelicae Sinensis can supplement the qi and blood in women and relieve deficiency. At the same time, a proper amount of massage at Zusanli point can also have the effects of soothing the liver and regulating qi, calming the nerves and calming the heart. In addition, Chinese medicine also advocates the concept of health care. During menopause, women should pay attention to diet conditioning, avoid spicy food, eat more foods rich in vitamins and minerals, and maintain good living habits.

In addition, psychological adjustment is also very important during female menopause. Menopause is often accompanied by mood swings, so women need to learn to relax themselves, keep a positive attitude and avoid excessive tension and anxiety. Proper exercise, participation in social activities and good rest are all effective means to help women adjust their emotions.

In a word, female menopause is a natural process of physiological development, but it does not mean that women should endure the discomfort associated with it. Traditional Chinese medicine provides many methods and prescriptions to relieve the symptoms during menopause. The key point is that women should actively face menopause, maintain good living habits and mentality, and seek the help of Chinese medicine to achieve the goal of physical and mental health.

References:

1. Administration of Traditional Chinese Medicine. (2017). Questions on Chinese Medicine Culture. China Traditional Chinese Medicine Publishing House.

Insist on playing badminton, how much has changed?

Now, with the progress of society, our life has become more and more busy.

24 hours a day, filled with work, family, eating and entertainment, I watched my figure gradually lose shape, but I just couldn’t spare a little time for exercise.

Don’t talk about us ordinary people, and stars are no exception. Remember A Xin, the handsome lead singer in Mayday?

Can you imagine that A Mei, the sexy queen, will gain weight one day?

And the handsome Leonardo in Titanic, turned into an expression pack …

But some people are different. For example, in the video of Alec Su’s recent duet "Green Apple Paradise", both the face value and the figure are the same as when he first debuted decades ago.

Netizens joked and commented whether they ate preservatives and didn’t get old for so many years. In fact, there is no preservative, rejuvenation medicine.

The secret to Alec Su’s escape from the ravages of time is actually very simple, but it is just the word sports. In order to perform, he began to prepare for fitness and dance training as early as three months ago, and strictly controlled his diet. He lost 16 pounds in one breath before he got another "he" in the video.

Look at those peers around us, who are already paunchy, full of fat and greasy before middle age. Those who are playing badminton have already left you far behind …

Then the key point is that people who insist on exercise will be more compact, have stronger oxygen uptake capacity and higher basal metabolism, especially aerobic exercise like badminton.

As long as you are in the badminton court, you will keep running. According to relevant statistics, in badminton practice for two hours at a time, including playing and picking up the ball, the running distance can reach as much as 3 thousand to 7 thousand meters.

In the process of playing ball and running, the blood circulation is accelerated, so that the flow of blood through muscles increases, the oxygen and nutrients obtained by muscles increase, and muscle fibers gradually become vigorous, which can not only shape charming muscles, but also make the body light and agile.

Badminton is a moderate-intensity exercise and an endurance exercise, which is especially beneficial to reducing fat. Generally speaking, the first 30 minutes of exercise are powered by glycogen, and fat is not powered, so fat is basically not reduced;

When exercising for 30-60 minutes, glycogen and fat are supplied with energy at the same time, and the consumption of fat can reach 40%-70% of the function; During 60-90 minutes of exercise, most of them are powered by fat, and the consumption can reach more than 90%.

Playing badminton is to follow such intensity, just right and consume body fat to the greatest extent. Playing badminton has a large range of movements, and the parts it moves to are very comprehensive.

No group of muscles will be under-trained or overtrained, and all muscle tissues of the human body can achieve balance and get full exercise.

Play more than three times a week, and you will find that you are refreshed and your mental state is obviously improved after exercise. You may not see it for a day or two, or even ten or twenty days.

But what if you persist for five, ten, or even thirty or fifty years? The difference must be amazing! Instead of regretting it in the future, it is better to take action now: every step you take, you will lose less fat;

Every drop of sweat makes you healthier. May each of us have a healthy body and live a steaming life!

12-2 wins 10 match points, O ‘Sullivan hits 23rd in the world, and the 8th world championship goes further.

In the early morning of April 23rd, Beijing time, the 2023 Snooker World Championships continued. In the second round of a focus match, Ronnie O ‘Sullivan, the seven-time world champion "Rocket", started to hang up. After the twelfth game, he won 10 match points with 10-2, beating his opponent Wafi Ayuri down in the dumps. In this state, the eighth world championship is very promising.

The second round match between O ‘Sullivan, the world’s number one, and Ayuri, the world’s number 23, was very simple. The former showed his attack to the fullest, while the latter was firmly pressed on the sofa and watched his opponent score one red ball and one colored ball.

In the first stage of the match between O ‘Sullivan and Ayuri, as soon as the defending champion of the World Championships came up, he showed Ayuri his great strength. In the first game of the competition, O ‘Sullivan won with a single shot of 78 points, with a strong start of 78-1 and a 1-0 lead. In the second game, O ‘Sullivan scored 78 points in a single shot again, with Ayuri sealed 78-0 and leading 2-0.

In the third game, after Ayuri lost two games in a row at the beginning, he scored 64 points in this bureau, pulled back a game 70-53, and the score was 1-2. In the fourth game, O ‘Sullivan once again showed his domineering strength. He scored two 50+shots (68 points and 51 points) in this bureau, 120-0 again sealed Ayuri, leading 3-1. The two sides entered the inter-office rest.

In the fifth game, after a short intermission, O ‘Sullivan won 74-29 and led 4-1 through several handovers. In the sixth game, O ‘Sullivan further improved his offensive feel. He blasted a single shot with 102 points, 102-0 nil for Ayuri and a 5-1 lead.

In the seventh game, O ‘Sullivan scored 57 points in a single shot and won 88-42, expanding the score advantage to 6-1. In the eighth game, Ayuri scored 58 points in a single shot, and 64-44 pulled back a game with a score of 2-6, avoiding the embarrassment of the score being 1-7 in the first stage.

After a night’s rest, O ‘Sullivan and Ayuri fought for the second stage. After coming back, Ayuri’s state didn’t improve, but O ‘Sullivan wound up. After his wave of 6-0 offensive, Ayuri won 10 individual match points 12-2, which made him depressed.

Get ready to fight hard? South Korea U20 coach’s cautious remarks are not entirely a compliment to the national youth men’s soccer team.

The quarter-finals of the 41st U20 Asian Cup are about to start, and the Korean team will meet the challenge of China. At the pre-match press conference, South Korean coach Eun Jung Kim spoke cautiously, saying that the whole team was ready for hard work.

Looking forward to the competition, Eun Jung Kim said: "We have entered the knockout stage. If we lose, we will go out, so both sides will be very cautious. The teams that can enter the quarter-finals are the best teams and must be fully prepared before the game. " When talking about the comparison between Chinese and Korean football, he said: "I have played in the Super League myself, and it is difficult to compare the football between the two countries. I can only say that both the K League and the Super League need to be improved, and they all have a bright future. Both clubs and national teams are competing and have great potential."

South Korea is undoubtedly the dominant team in the schedule arrangement. Compared with China, the Korean team has an extra day off. Moreover, before the last group match, the South Korean team had scored 6 points, and the final round was played with a relatively relaxed attitude. China played the last game in the group stage until the last minute. Eun Jung Kim said: "Statistically, this may be beneficial to the Korean team, but since everyone has entered the knockout stage, everyone’s mental state may not be affected and they all need to be carefully prepared."

Cui Shuoxian, a player who attended the conference together, was obviously more confident than the head coach at the conference. He said: "The importance of this game is self-evident, which is related to the ticket ownership of the World Youth Championship. More importantly, we just want to beat our opponents. We are now a very good team, the goal is to continue to keep clean sheets, and we hope to continue to play as a team in the next game. "

In the third round of the group stage, South Korea drew 0-0 with Tajikistan, 2 wins and 1 draw and advanced to the quarter-finals. South Korea’s national youth team scored 6 goals and didn’t concede a goal in three group matches, showing solid ability. If the quarterfinals against China can be won, the South Korean team will get a ticket to the Indonesian U20 World Cup in May. In the last U20 World Cup, South Korea finally reached the final, and Li Gangren, who is currently playing in La Liga Mallorca, won the Golden Globe Award.

At U20 level, South Korea and China are far ahead with 13 wins, 2 draws and 3 losses. Since winning 2-0 in the final of Asian Youth Championship in 2004, Korean National Youth has remained unbeaten in 8 games (7 wins and 1 draw) against China National Youth Championship. In addition, when he was a player, Eun Jung Kim, the coach of the Korean team, played in Changsha Jinde, and he was very familiar with China football and China players. Before becoming the coach of South Korea’s U20 team, Eun Jung Kim served as the assistant coach of South Korea’s Olympic Games. No matter from which aspect, the South Korean team is naturally a big favourite for promotion.

After waiting for 9 years, the China team finally returned to the top 8 of the Asian Youth Championship, which is obviously psychologically stress-free. Being able to advance in Japan, Saudi Arabia, the defending champion of the Asian Youth Championship (the coach boldly aims to win the World Youth Championship) and Kyrgyzstan’s death group also shows that China is not without its merits. Perhaps the caution of the South Korean team coach is not all a compliment. In the case of China, the team must find a way to break the dense defense. Li Hao, the goalkeeper of the China team, played wonderfully in three games, and won the best single game in two consecutive games.