Accounting fraud meets heavy punishment: listed companies with high deposit and loan are facing key audits

  Since 2019, the capital market has exposed a series of accounting fraud cases, which has attracted attention. The Ministry of Finance has put forward a series of requirements for accounting firms to improve the quality and level of audit services and do a good job in the audit of the 2019 annual report. In grasping the audit risk, it is required to strengthen the audit of "deposit and loan" listed companies, local financial institutions, local financing platforms and state-owned enterprises — —

  In the new year, enterprises will release the results of the previous year one after another, and the annual report is highly concerned by the market. The authenticity and integrity of enterprise accounting information need the audit supervision of accounting firms.

  On January 7, the Ministry of Finance held a video conference on the audit and supervision of enterprise annual reports, which put forward requirements for doing a good job in the audit of enterprise annual reports and made it clear that violations in the audit of annual reports would be severely punished.

  Deep-seated problems need attention.

  The quality of enterprise accounting information and the practice quality of intermediary institutions have always been concerned by society and market. Especially since 2019, the capital market has exposed a series of accounting fraud cases, such as Kangdexin and Kangmei Pharmaceutical. The audit of accounting firms failed to find problems or failed to issue appropriate audit opinions, which triggered heated discussions.

  At the meeting, Liu Feng, the second inspector of the Supervision and Evaluation Bureau of the Ministry of Finance, reported the accounting supervision and inspection work in the past two years and the main problems found.

  "Focus on the pain points of people’s livelihood and carry out in-depth inspection of accounting information quality in the pharmaceutical industry." Liu Feng said that the Ministry of Finance, together with the National Medical Insurance Bureau, selected 77 pharmaceutical enterprises to conduct penetrating inspection on the whole process of drug production, circulation, use and settlement in accordance with the requirements of "double randomness and one openness".

  Focus on the key points of practice risks and earnestly do a good job in the quality inspection of accounting firms. Following the completion of a comprehensive survey of 40 certified public accounting firms in 2018, from 2019, the Ministry of Finance launched a second round of survey of certified public accounting firms, and selected four accounting firms to carry out practice quality inspection.

  Focus on the blocking point of industry development and continuously manage the outstanding problems existing in the practice of non-securities qualified accounting firms. "Some non-securities qualified accounting firms excessively pursue economic interests, relax the quality management of practice, and damage the fair and honest image of the industry. The Supervision and Evaluation Bureau has organized local financial departments to carry out special rectification work for several consecutive years, and effectively managed problems such as nominal practice, selling reports, and low-price competition, and achieved good results. " Liu Feng said.

  "In recent years, the risk awareness of accounting firms has increased, and the level of practice has improved. However, the inspection also found that some deep-seated problems in the CPA industry have not been effectively managed, which has seriously affected the quality of practice. " Liu Feng said.

  According to the circular, these deep-seated problems include imperfect internal governance, failure to abide by independence, lax management of business undertaking, inadequate implementation of audit procedures, falling off the internal review barrier, non-securities qualified accounting firms practicing in name and "selling reports".

  It is reported that some firms have turned a blind eye to the signs of fraud that have been concerned for reasons such as maintaining customer relations and ensuring the income of the firms, and lost their independence and professional ethics; In the year when the finance department of a province first carried out the work of "clearing the front name", 666 certified public accountants were cleared; The proportion of "selling reports" by individual firms exceeds 70% of the total amount reported by this firm.

  Statistics show that in 2018, financial departments at all levels inspected 1,080 accounting firms and 18,476 enterprises and institutions. 88 accounting firms were punished, of which 21 were suspended from practice and 3 were revoked; 140 certified public accountants were punished, of which 53 were suspended and 5 were revoked. In 2019, the financial departments at all levels inspected 1,209 accounting firms and 23,922 enterprises and institutions, and the inspection work was basically finished, which is being followed up.

  Severely crack down on accounting fraud

  At present, the downward pressure on the economy has increased. Under this circumstance, the pressure on corporate performance is increasing and the motivation for fraud is rising. It is necessary for financial departments at all levels and accounting firms to work together to do a good job in auditing the 2019 annual report to ensure the truthfulness and integrity of corporate accounting information.

  "In the current environment, severely punishing a few black sheep that disrupt the market order and have a strong social response is the best guarantee for the reputation of the industry and the best protection for the development of the industry." Qi Jinxing, director of the Supervision and Evaluation Bureau of the Ministry of Finance, said that in the next step, financial supervision and inspection institutions should earnestly perform their supervisory duties entrusted by law, crack down on accounting fraud, rectify and standardize market order, and enhance the social credibility of the industry.

  It is reported that according to the regulatory requirements of the new Securities Law on "double filing", the Ministry of Finance will study and adjust the "peer-to-peer" division of labor, optimize the administrative supervision mechanism of accounting firms, fully mobilize the enthusiasm of the supervision bureau and the finance department (bureau), and jointly do a good job in accounting supervision.

  "Highlight key points, severely punish heavy penalties, and further increase inspection and handling penalties." Gao Jinxing said that on the basis of continuing to push forward the comprehensive round-robin inspection of accounting firms, we should focus on increasing the intensity and frequency of inspection of accounting firms with large business scale, high practice risk and continuous administrative punishment, and promptly investigate and deal with major audit failure clues exposed by the media when problems such as "taking over the house", "changing the vest" and "selling reports" emerge; The practice of "double punishment in one case" will impose administrative penalties on accounting firms and certified public accountants with significant audit responsibilities.

  The Ministry of Finance has put forward a series of requirements for accounting firms to improve the quality and level of audit services and do a good job in the audit of the 2019 annual report. In grasping the audit risk, it is required to strengthen the audit of "deposit and loan" listed companies, local financial institutions, local financing platforms and state-owned enterprises.

  "For listed companies with high deposits and loans, focus on the authenticity of financial assets such as monetary funds and cash flow of enterprises, and increase the audit of bank deposits, operating income costs and large current accounts, especially related party transactions and overseas transactions." Liu Feng said.

  At the same time, local supervision bureaus should follow up the whole process, understand the annual report audit of listed companies and key enterprises within their jurisdiction, remind and supervise accounting firms in time when finding doubts, and enhance the timeliness, pertinence and effectiveness of supervision. Local financial departments should continue to carry out special treatment of nominal practice and selling reports, intensify punishment, resolutely clean up the black sheep and constantly rectify the market order.

2024 Spring Festival Observation | Chef who comes home to make New Year’s Eve dinner: Earn five or six thousand dollars a day and go home to eat instant noodles.

Cctv news(Reporter/Written by Du Anqi/Kan Chunyu): "Cooking is too tiring, and the table is too expensive." During the Spring Festival, the business of home cooking is booming. CCTV News+reporter interviewed three chefs. In Jiuquan, Gansu, two tables of 18 dishes are charged in 500 yuan, and in the suburbs of Chongqing, a table of 13 dishes is charged in 300 yuan, but some chefs have received 2— A large-scale family banquet with three tables will earn five or six thousand yuan a day.

Two tables of New Year’s Eve dinner, 18 dishes charge 500 yuan

Repeatedly shirked, however, Wang Liping of Jiuquan, Gansu received an order for New Year’s Eve dinner. No way, the relationship needs to be maintained. Wang Liping is always asked to cook for the daily reception of the client company. This time, the client asked her to "help" during the New Year, and she could not refuse. The chefs in the team have all returned to their hometowns for the Spring Festival. Before that, Wang Liping had already cancelled more than a dozen orders.

Dinner will be served at 6:30 p.m., and Wang Liping needs to come home at 3:30 to prepare. Make a family dinner for more than 20 people in a family, set two tables, and serve 18 dishes, large and small, and charge 500 yuan. "On this single order, the customer is an acquaintance and there is no price increase." Wang Liping’s hands are tied, and she plans to let her husband go with her.

Wang Liping is not a professional chef. She has a regular job, and cooking at home is only a part-time job. At the beginning of 2023, she saw such a business model on social platforms. In March, she began to take orders, relying on her own home cooking skills and relying on the hard work of carefully pondering food videos. "Sometimes there are four or five orders a day, and sometimes there are no orders."

While taking orders, she runs her own social account and regards short videos as her own advertisements. Some people I know began to follow Wang Liping to take orders, and others found them from social platforms. Slowly, the number of orders and teams rose. At work, Wang Liping sends out the list, and at rest, he goes to the door to cook. Near the Spring Festival, "telephone calls for ordering food from all over the country are received from morning to evening".

Customers have different requirements. According to the quantity of food, Wang Liping charges 200— 300 yuan, a year down, she earn up to 7000 yuan a month. Wang Liping said: "No investment, low risk, free time, and hard money."

Make some pocket money for children by cooking at home.

Liu Li, who lives in the suburbs of Chongqing, received two orders on New Year’s Eve, and the customers prepared their own ingredients, a table of 10— 12 dishes, each door-to-door service 2— 3 hours, a day can earn more than 700 yuan’s manual fee. During the Chinese New Year, she raised the price of each order by 20%.

Before becoming a substitute chef for home cooking, Liu Li opened a beauty shop in the county town. In 2018, she had a child. Due to the pressure of rising rent and labor costs, she transferred the store. In 2023, she found that cooking at home can not only bring income, but also set aside time to pick up and drop off children and take care of housework.

On weekdays, Liu Li can pick up 3-mdash a day; Four orders, one for cooking, and the other for bacon soup pots, can earn seven or eight hundred yuan a day. Friends around her came to help, and she took out 30% as a commission.

Liu Li’s schedule is very full. After finishing the housework at home in the morning, she goes to the client’s house to cook, and she is busy until around 6:30 pm. After eating the New Year’s Eve dinner at home, she will continue to wash the dishes. "In fact, if you think about it, you have earned it by yourself. You have to rely on your own hands to do it. If you do it, you will get it."

Photo courtesy of respondents

Photo courtesy of respondents 

Earn five or six thousand dollars a day and go home to eat instant noodles

In contrast, He Xie’s team is larger and the charging standard is higher. "There are 50 chefs, including me, and the fees for chefs of different grades are different. Some are home-cooked dishes, some are star-rated products, and some are local specialty dishes, ranging from several hundred yuan to several thousand yuan." On New Year’s Eve, He Xie holds more than 60 home cooking orders, and the chefs in the team can earn up to five or six thousand yuan a day.

At the end of 2022, He Xie, who had worked hard in the catering industry for many years, noticed that cooking at home was on fire. He and his partners are planning to form a team. "Some of the chefs we recruited think that this industry is more promising, and some people have lost money in the catering business before and want to make some money."

In a year, the order volume has soared from a dozen orders a day to hundreds a day. "Many families pay more and more attention to health or the atmosphere at home, which is basically in a state of continuous growth." The monthly income of chefs in the team is 10 thousand — 30,000 yuan.

This time, He Xie and the team members made preparations from the twelfth lunar month to the fifteenth day of the first month: "The Spring Festival is our busiest time. We also hope to provide services to those families who need help and bring them warmth and joy. " Although his reunion with his family needs to be postponed, He Xie thinks it is very meaningful. "Most of the chefs in the team are men, and they are husbands and fathers in the family. In order to earn some money to subsidize the family and make the family live better, I will earn more money during the New Year."

Photo courtesy of respondents

Photo courtesy of respondents 

On New Year’s Eve, He Xie began to buy food at six o’clock in the morning and went to the customer’s house to start cooking at eight o’clock. 12— An order for 16 dishes often takes 4 hours. The latest table of New Year’s Eve dinner was set at 7: 00 p.m. He Xie still needed to clean up the kitchen. When he got home, it was already 10: 00 p.m. He didn’t want to fire again and bought a bucket of instant noodles to satisfy his hunger.

Although it is very hard, He Xie feels that his career is very valuable. "99% of the owners are very enthusiastic about us and will ask you if you drink water. Some people say that they can help us with chores and even let us eat together." At this moment, He Xie always feels very proud.

Looking forward to the dark horse of sales, a conscientious "worker"

The competition in the automobile market is still very fierce. What Xiaobian brings today is. Next, let’s take a look with Xiaobian.

Let’s take a look at the appearance of looking up at U7. Looking up at the front of U7 is very personal and looks cleaner. Coupled with the sports headlights, the overall look is full of fashion and sports. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Come to the side of the car, the car body size is 5265MM*1998MM*1517MM, the car uses spiritual lines, the side looks very delicate, with large-sized thick-walled tires, the shape is quite calm. In the design of the rear end, looking up at the U7 rear end, the taillights give people a very cool feeling, which is relatively exquisite in general.

Sitting in the car, the interior design took a lovely route, highlighting the hierarchical effect. The steering wheel shape of the car is eye-catching, made of genuine leather, and has a good hand feel. From the central control point of view, with the 12.8-inch central control screen, the interior style is impressive, giving people a sense of fashion and dynamic. Finally, let’s look at the dashboard and seats. The dashboard design is remarkable and looks more fashionable and dynamic. The car uses leather seats, which are wrapped in place and have good support and comfort.

Looking up at the U7 matching gearbox, the acceleration time of 100 kilometers is 2.9s, and the power meets the daily use completely OK.

Equipped with car networking, driving mode selection, remote control key, Bluetooth key, NFC/RFID key, UWB digital key, indoor atmosphere light, traction control (ASR/TCS, etc.) and other configurations, the configuration has reached the mainstream level of the same level.

This class of cars is usually the first choice for most people. First of all, the price is not expensive, and secondly, all the configurations are quite complete, which is still very worth starting with. If you have plans to buy a car now, then today’s car is worth learning about.

It is found that natural antibiotics in nasal cavity can kill "super bacteria"

  German researchers reported in the new authoritative academic journal Nature that they found a natural antibiotic in human nasal cavity, which can kill methicillin-resistant Staphylococcus aureus (MRSA), which is called "superbacteria" and is resistant to many antibiotics.

  Researchers at the University of Tü bingen, Germany, found in the study of 187 hospitalized patients that a bacterium named Staphylococcus ludden rarely appeared with Staphylococcus aureus in the nasal cavity of patients. When the patient has Staphylococcus aureus in the nasal cavity, the rate of Staphylococcus aureus in the nasal cavity is only one sixth of that of the patient without Staphylococcus aureus in the nasal cavity. Further research shows that Staphylococcus ludden can produce a previously unknown natural antibiotic, which makes Staphylococcus aureus unable to survive in human nasal cavity. The researchers named it "Ludenin".

  Animal experiments have shown that Luteinin can kill MRSA, vancomycin-resistant enterococci and other multi-resistant bacteria resistant to traditional antibiotics. For example, the ointment made of Ludwig successfully cured MRSA skin infection in mice, and Ludwig spray greatly reduced the number of MRSA in the nasal cavity of rats. The researchers say that antibiotics are usually produced only by bacteria and fungi in the soil, and it is a new discovery that human flora can also be a source of antibiotics. Next, they will focus on the application of ludenin, such as trying to implant ludenin-producing bacteria into high-risk patients to reduce the risk of MRSA infection.

  Jim Lewis, a microbiologist at Northeastern University in the United States, said that this is the first time that scientists have made it clear that antibiotics produced by one bacterium can inhibit the existence of another bacterium in the same microbial community. Researchers believe that new discoveries will help to prevent and treat drug-resistant bacterial infections in the future, and also provide new ideas for finding new antibiotics in the future.

How strong is Lei Ling equipped with Toyota’s fifth-generation hybrid system?

[Pacific Auto Review Channel] Toyota has been "playing" hybrid for 26 years, and its hybrid models are known for their fuel economy and reliability. At present, more than 23 million vehicles have been sold in the world, and the record of "0 accidents, 0 explosions and 0 electric leakage" has been maintained. After four generations of changes, Toyota’s dual-engine system has evolved to the fifth generation, and its name has changed from "dual-engine" to "intelligent electric hybrid dual-engine". And the new Lei Ling (parameter picture) (inquiry base price | reference matching) is the first landing model of Toyota’s fifth-generation hybrid system in China. Therefore, Lei Ling’s change this time is not as simple as changing the kit and adding a few configurations. The latest hybrid system is the real dry goods.

The Fifth Generation Toyota Intelligent Electric Hybrid Dual Engine System

Since it is equipped with a brand-new fifth-generation system, the power system and driving experience of the new Lei Ling are naturally the focus of our attention.

So what is the improvement of this system? The fifth generation intelligent electric hybrid twin-engine upgrades the three-electric system (motor, battery and electronic control), adopts a driving motor with higher output torque, and replaces the previous Ni-MH battery with a ternary lithium battery with higher discharge power for the power battery. The PCU power control unit also optimizes the program and reduces the volume and weight.

The comprehensive power of the 1.8L intelligent electric hybrid dual-engine system carried by the new Ralink is 101kW, which is 12% higher than that of the fourth generation system. The peak torque of the motor is 185N·m, and the fuel consumption of WLTC under comprehensive working conditions is as low as 4L/100km, which is about half a liter lower than that of the current system.

Previously, we did a zero-hundred-speed acceleration test on Lei Ling equipped with the fourth-generation dual-engine hybrid system, and the measured result was 10.87 seconds, which was more than 3 seconds slower than the Civic/e:HEV equipped with the fourth-generation i-MMD hybrid system.

After switching to the fifth generation system, according to official information, the zero-hundred-acceleration performance of the new Lei Ling can be improved to 9 seconds, and the acceleration of 0-60km/h only takes 4 seconds, and the acceleration capacity of the latter section of 80-120km/h is also improved by 15%.

From the actual sense of body, the speed of the new Lei Ling is indeed much faster than before. In the middle and low speed section, it has the pleasure of the tram. More importantly, the acceleration in the latter part is no longer so weak, especially in sports mode, the overtaking experience is much more enjoyable than before.

Besides being faster, the new Lei Ling has a great improvement in driving, that is, it is quieter. The fifth generation system is optimized for PCU power control unit to restrain the excessive increase of engine speed during acceleration. Now, when you step on the accelerator deeply and the engine rotates at high speed, although your voice is still very loud, it is obviously not as hoarse as before.

Not only the noise of the engine under high load has been improved, but also the vibration of the steering wheel and accelerator pedal has been reduced a lot. Now the floor is no longer numb when it is oiled. Generally speaking, after the new Lei Ling is upgraded to the fifth-generation intelligent electric hybrid dual-engine system, the power experience has been greatly improved. Coupled with Toyota’s consistent "reliable" characteristics, there is really no shortcoming.

In addition to the power system, Lei Ling has done a very good job in steering and chassis before the change, so there is no need to make any changes in the new model. The steering feels soft but not floating, smooth but not greasy. Chop a corner a little faster, and the feeling of the whole car is very controllable.

However, the leather steering wheel is completely cancelled in the new Ralink. The plastic material is a little slippery, and the surface touch is not as soft and comfortable as leather. It is a small regret for someone who is extremely resistant to the steering wheel cover. If you really want a leather package, you can buy a platform online. All kinds of hand-sewn DIY products cost 50 yuan to solve your worries.

In terms of chassis, Lei Ling under TNGA structure adopts independent suspension in front and rear, McPherson in front and E-shaped multi-link in the back. The chassis has a strong overall feeling and excellent shock-absorbing texture. After potholes or speed bumps, the suspension is very Q-elastic, neither too soft nor stiff.

In fact, this generation of Lei Ling’s control is much better than the previous generation, and the chassis texture is not much worse than that of a higher-level Camry. Now, after the cash Lei Ling has switched to the fifth generation THS, the power experience has been obviously improved. Now the whole car is refreshing, flexible and fuel-efficient, which is enough for ordinary family users to love the feeling of driving.

T-SMART intelligent cockpit

In addition to the upgrade of power system, the biggest change of the new Lei Ling is the upgrade to the T-SMART intelligent cockpit. Now it has the largest 12.3-inch full LCD instrument of its class, a 10.25-inch central control large screen with wireless CarPlay, and a T-CHAT intelligent voice interaction system that can be seen and spoken.

12.3-inch full LCD instrument is equipped with 1.5L self-priming version and dual-engine version; The 10.25-inch central control is standard in 1.5L and 1.8H, and the 1.2T version is a 9-inch screen.

The new car system keeps up with the times in functionality and interactive experience, supports car WeChat, car home interconnection and intelligent scenes, and is also compatible with various rich applications such as bilibili, CCTV audio and video, tiger tooth live broadcast and little red book through the expansion of third-party applets. The UI of the whole car is much more fashionable than before, and the operation logic is easier to understand, so older users don’t have to worry about not using it.

In addition, the "digital key" function is added to the new Lei Ling for the first time. Based on the "Fengyun Yuexiang" car interconnection system, the mobile phone is the key, and comprehensive remote control is realized, including remote mobile phone unlocking, air conditioning control, car light control, car condition checking, etc. One mobile phone can play around Lei Ling. Moreover, the car also supports OTA. If there are any new functions, users can get updates and upgrades without worrying that the car will become obsolete and become furnishings after two or three years of driving.

The biggest surprise of the new Lei Ling car is wireless CarPlay! Apple users expressed ecstasy. In addition to the two 1.2T models, the 1.5L self-priming and 1.8H hybrid models of Rayling all come standard with three mobile phone mapping methods: Apple CarPlay, Baidu CarLife and Huawei HiCar. Lei Ling’s change this time can be said to fully consider the needs of users.

On the high-profile models, there is also a 12.3-inch full LCD instrument, which has a great display effect, providing three types and four styles, forming 12 different combinations. It also covers a lot of information, including subtotal mileage, energy consumption data, power system energy flow, EV driving ratio, multimedia, compass, driving assistance, navigation map and so on.

However, its interface logic is too complicated, and the operation of information switching is cumbersome. For example, through the buttons on the steering wheel, the up and down buttons prompt you to press the left and right buttons, which switch three information interfaces.

However, these three information interfaces need to be preset in advance. If you want to change the settings, you need to follow the system prompts and check them through several levels of menus. That is to say, if what you want to see is not the information you set in the outermost layer in advance, then you will be very troublesome to find, and you may need to keep entering and returning in the menus at all levels. It is even more inconvenient to operate during driving.

In fact, this logic can be completely simplified by switching different information types left and right and switching the same information content up and down, which is easy to understand and has zero learning cost.

T-PILOT intelligent driving assistance system

The new Lei Ling is equipped with Toyota’s new generation T-PILOT intelligent driving assistance system. In addition to the minimum version, the whole system comes standard with Toyota’s latest Toyota Safety Sense 3.0 Zhixing safety suit, realizing quasi-L3-class automatic driving.

TSS3.0 further strengthens and upgrades the original PCS pre-collision system, DRCC dynamic radar cruise control system, LTA lane tracking auxiliary system and LDA lane departure warning system. At the same time, RSA road sign recognition assistance system, EDSS emergency driving stop system and PDA proactive driving assistance system are added, which are two world-first functions.

The EDSS emergency driving stop system will automatically slow down the vehicle when the system determines that the driver can’t continue driving because of fatigue or acute illness during the lane keeping cruise. When the driver is continuously warned that the operation has not resumed, the system will keep the vehicle in the lane and continue to slow down until it stops, and turn on the double flash to wait for rescue.


EDSS emergency driving stop system

PDA predictive active driving assistance system will slow down or brake pedestrians, bicycles or cars passing laterally at a distance of 30-80km/h, and if collision cannot be avoided within 4.5 seconds, it will actively turn 50 cm in the opposite direction to the target object to avoid excessive approach. This function can work no matter day or night, rain, snow, sunny, cloudy and other weather.


PDA predictive active driving assistance system

Shape change

The appearance is the smallest part of the change in Lei Ling, and the overall shape is basically the same as the old one. The new Lei Ling still offers two appearances, the normal version and the sports version. The main difference lies in the front and rear bars and wheel hub shapes. There are eight choices of body colors, and there are three different color schemes for the interior, among which gray is exclusive to the 1.2T version.

The appearance of the new sports version retains the design of trapezoidal big mouth and expands to both sides, which is visually more impactful and wider than the ordinary version. The new model adds the same color decorative strips on both sides of the front bumper, and forms an extension effect, which makes the whole look more stretched.

Previously, the ordinary version and the sports version used different shapes of light group designs, while the new version adopted a unified style, and the daytime running lights also became more atmospheric and more recognizable C-shaped structure, taking into account the function of turn signals.

The hub has also adopted a new style, with thinner spokes and a stronger sense of movement. Bridgestone Tairan series is still used for tires, and the sports tire size is 225/45R17; The normal tire size is 205/55 R16.

In terms of size, the length, width and height of the new Ralink are 4640×1780×1435mm and the wheelbase is 2700mm, which is not large among cars of the same price and belongs to the standard compact car body. If there is a demand for the back row space, the extended version of "Lei Ling"-Lingshang will be a better choice, and I believe Lingshang will soon be upgraded and redesigned.

The rear of the new Lei Ling is almost the same as the old one. The original body color decorative board at the bottom of the rear bumper of the sports version has changed into a pure black diffuser design, and the taillight style is also consistent with the old one.

In fact, this generation of Lei Ling is very good at face value, with a sharp overall style, a sporty and youthful look and a simple design. Therefore, the appearance of the new Lei Ling does not need to be drastically changed, and a small change is enough to keep it fresh.

Total knot

The new Lei Ling, whose appearance has hardly changed, has actually been greatly upgraded. The power is equipped with Toyota’s latest intelligent electric hybrid dual-engine system, which is the first landing model of Toyota’s fifth-generation hybrid technology in China. The cockpit adopts a brand-new 10.25-inch central control screen system and a 12.3-inch full LCD instrument screen, which enhances the functionality a lot. Apple CarPlay and Huawei HiCar are also connected. Driver assistance and active safety functions have also been upgraded to the latest T-PILOT system. The overall strength has been greatly improved. At present, the new Lei Ling has been officially listed, and the price of the whole department is 113,800-148,800 yuan, which can be said to be quite attractive. (Photo/Text/Photo: Pacific Auto Chen Wei)

Comparison of vehicle parameter configuration

● Standard ○ Optional-No model picture:
Vehicle information:Ralink
Section 2023
Intelligent electric hybrid twin-engine 1.8H sports edition
Official price: 148,800 purchase tax: 13,200 final landing price (including insurance money): 169,400 energy consumption expense (20,000 km/year):-Official offer: 148,800 local lowest offer:-Purchase tax: 132,000 landing price estimate: 169,400 manufacturer: GAC Toyota level: compact car energy type: non-plug-in hybrid vehicle time to market: 98-horsepower motor: non-plug-in hybrid /95-horsepower gearbox: E-CVT continuously variable engine maximum power (kW): 72 engine maximum torque (N m): 142 maximum horsepower (PS): 98 maximum torque (N m): 142 motor maximum horsepower (PS): 95 total motor power (kW):. -WLTC pure electric cruising range (km):-CLTC pure electric cruising range (km):-EPA pure electric cruising range (km):-Battery charging time:-Fast charging capacity (%):-Power consumption per 100 kilometers (KWH/100 km):-Body type: 4-door 5-seat sedan length × width× height (mm) : 160 Official 0-100km/h acceleration (S):-Official 0-50km acceleration (S):-Measured 0-100km/h acceleration (S):-Measured 100-0km/h braking.(m):-Measured pure electric cruising range (km):-Measured fast charging time (hours):-Measured slow charging time (hours):-Measured power consumption per 100 kilometers (kWh/100 km):-Measured vehicle speed of 0km/h (idle speed) Environmental noise (dB):-Measured vehicle speed of 60km/h Environmental noise (DB): -measured fuel consumption (L/100km):-comprehensive fuel consumption of the Ministry of Industry and Information Technology (l/100km):-comprehensive fuel consumption of NEDC (l/100km):-comprehensive fuel consumption of WLTC (l/100km): comprehensive fuel consumption of 4.32cltc (l/100km):-energy equivalent fuel consumption (l/100km) -Vehicle warranty: three years or 100,000 kilometers. First owner warranty policy:-Battery warranty time: eight years or 200,000 kilometers. Body type: sedan length (mm): 4640 width (mm): 1780 height (mm): 1435 wheelbase (mm): 2700 front track (mm): 1531 rear track (mm) : 1430 Door opening mode: number of doors with side doors (units): number of seats (units): 5 Gas tank volume (L):-Hydrogen loading capacity (kg):-Oil tank volume (L): 43 Front spare compartment volume (L):-trunk volume (L):-Maximum trunk volume (L)-Interior dimension of trunk (mm):-Wind drag coefficient (CD):-Container dimension (mm):-Maximum loaded mass (kg): 1845 Maximum loaded mass (kg):-Total mass of quasi-trailer (kg):-Engine model: 8ZR displacement (ml): 1798 displacement abbreviation (L):. : 72 Maximum power speed (rpm): 5200 Maximum torque (n m): 142 Maximum torque speed (rpm): 3600 Cylinder arrangement: Number of in-line cylinders (units): 4 Number of valves per cylinder (units): 4 Compression ratio: 13 Valve train: DOHC cylinder diameter (mm): 80.5 stroke (mm Fuel supply mode: multipoint injection cylinder head material: aluminum alloy cylinder material: aluminum alloy emission standard: national VI motor model:-motor type: maximum horsepower of permanent magnet synchronous motor (PS): 95 total motor power (kW): 70 total motor torque (N m): 185 maximum motor power (kW): 70 maximum motor torque (N m): 185 rear motor. -drive mode: number of non-plug hybrid drive motors: single motor motor layout: comprehensive power of front system (PS): 137 comprehensive power of system (kW): 101 system comprehensive torque (n m): -NEDC battery life (km):-WLTC battery life (km):-CLTC battery life (km):-EPA battery life (km):-NEDC battery life (km):-CLTC battery life (km) -Comprehensive cruising range of -EPA (km):-Comprehensive cruising range of Ministry of Industry and Information Technology:-Battery type: ternary lithium battery cell brand: BYD battery cooling mode:-Power exchange:-Battery capacity (kWh):-Battery energy density (Wh/kg):-Official power consumption per 100 kilometers (kWh/100 km):-Battery warranty time: eight years or 200,000 km battery charging. :-battery preheating:-external discharge:-household charging pile:-abbreviation: E-CVT continuously variable gear number:-gearbox type: electronic continuously variable gearbox (E-CVT) Driving mode: four-wheel drive with front drive:-Central differential structure:-Front suspension type: McPherson independent suspension and rear suspension type: E-shaped multi-link independent suspension and steering assistance type: electric moped body structure: loaded front brake type: ventilated disc rear brake type: disc parking brake type: electronic parking front tyre size: 225/45 R17 rear tyre size: 225/45 R17 spare tire specification: not full size.: 12 Departure angle (): 16 Longitudinal passing angle ():-Maximum climbing degree (%)/climbing angle ():-Maximum wading depth (mm):-ABS anti-lock braking: ● Brake force distribution (EBD/CBC, etc.): ● Brake assist (EBA/BAS/BA, etc.): ● ● Tire pressure monitoring device: tire pressure display explosion-proof tire:-Safety belt is not fastened: full vehicle parallel assistance:-Lane departure warning system: ● Lane keeping assistance system: ● Lane centering maintenance: ● Active braking/active safety system: ● Road traffic sign recognition: ● Fatigue driving warning: ● Night vision system: -DOW door opening warning:-Front collision warning: ● Rear collision warning:-Moving objects. Auxiliary ● Front/rear side airbag: front ●/rear-front/rear head airbag (air curtain): front ●/rear ● Front knee airbag: main-/auxiliary-passenger seat cushion airbag:-front center airbag:-rear forward airbag:-rear seat anti-sliding airbag:-pedestrian collision protection system: -ISO FIX child seat interface: ● auxiliary.
sports
Pure electricity
Hybrid automatic parking in place:-Remote parking/driving out:-Automatic lane change assistance:-Off-hand detection of steering wheel:-Tracking reversing:-Engine start-stop technology:-Energy recovery system: ● Simulated sound wave:-Uphill assistance: ● Automatic parking: ● Steep descent:-Variable suspension adjustment:-Electromagnetic induction suspension:-Air suspension: Variable steering ratio:-Overall initiative. Differential lock:-Locking function of central differential:-Rear axle limited slip differential/differential lock:-Creeping mode:-Navigation assisted driving:-Built-in high-precision map:-Signal light recognition:-Memory parking:-Remote calling:-Autopilot chip:-Chip computing power:-Number of cameras: 2 millimeter wave radar: 1 ultrasonic radar:-Lidar:-Lidar layout:. :-Sports appearance kit: ● Aluminum alloy wheel hub: ● Electric spoiler:-Electric suction door:-Automatic door opening and closing:-Frameless design door:-Electric trunk:-Induction opening of trunk:-Electric trunk position memory:-Roof rack:-Electric telescopic trailer hook:-Hidden electric door handle:-Active air intake grille:-External discharge:-Warning of low-speed driving: ● Steering wheel electric adjustment:-Shift mode: mechanical gear shift multi-function steering wheel: ● Steering wheel paddle:-Steering wheel heating:-Steering wheel memory:-Driving computer display function: Driving information.
Multimedia information full LCD instrument panel: ● LCD instrument panel size: 12.3 inches HUD head-up digital display: -AR-HUD augmented reality head-up display:-Vehicle driving recorder:-Wireless charging of mobile phone: -ETC device: ○ In-vehicle biological monitoring system:-Engine electronic anti-theft: ● In-vehicle central locking: ● Key type: remote control key.
Bluetooth key automatic locking: ● Remote start:-Keyless start system: ● Keyless entry system: front sentry mode/clairvoyance:-Seat material: leather sports style seat: ● Front seat height adjustment: front seat cushion inclination adjustment:-Front waist support adjustment:-Front shoulder support adjustment:-Main/co-driver seat electric adjustment: main ●/ Electric adjustment of the rear seat of the co-pilot seat:-Second row seat adjustment:-Second row seat adjustment:-Third row seat adjustment:-Electric seat memory:-Steering wheel/seat comfortable access:-Front/rear seat heating: front ●/rear-third row seat heating:-Front/rear seat ventilation: front ●/rear-rear. Rear-third row seat massage:-rear seat reclining form: proportional reclining second row independent seat:-front/rear seat center armrest: front ●/rear-rear cup holder:-heating/cooling cup holder:-air conditioning adjustment mode: automatic heat pump air conditioner:-temperature zone control:-rear independent air conditioner:-rear seat air outlet :● PM2.5 filter in the car: ● car air purifier:.:-Front fog lamp:-Headlight rain and fog mode:-Headlight height adjustable: ● Headlight cleaning device:-Headlight delayed turn-off:-Touch reading lamp:-Interior ambient light:-Lamp language function:-Electric window: One-button lifting/lowering of the whole window: Hand-pinch prevention function of the whole window: UV protection of the whole car/ Heat insulating glass:-Electronic exterior mirror function:-Electronic exterior mirror display screen:-Electric adjustment of the rearview mirror: ● Heating of the exterior mirror:-Electric folding of the rearview mirror:-Automatic folding of the rearview mirror after locking the car:-Automatic turning down of the rearview mirror when reversing:-Memory of the rearview mirror:-Automatic anti-glare of the interior/exterior rearview mirror: Multimedia function of the interior/exterior rearview mirror:-Rear windshield sunshade:-Rear side sunshade:-
Rear wiper of co-pilot:-Induction wiper:-Car system name:-Car chip:-Central control color screen: ● Screen operation mode: Touch-controlled central control screen size: 10.25-inch entertainment screen of co-pilot:-Screen resolution:-Screen rotation:-Satellite navigation system: ● Real-time traffic information CarPlay: ● Navigation map brand:.
CarLife
HiCar networking: ●4G/5G network: 4GV2X communication: -OTA remote online upgrade: Wi-Fi hotspot:-Road rescue call: ● Voice recognition control system: multimedia system.
navigate
telephone
skylight
Window voice wake-up words:-Gesture control:-Face recognition:-Fingerprint recognition:-Multi-screen interaction:-Bluetooth/car phone: ● Car TV:-Rear LCD:-Rear LCD screen size:-Rear central control system:-Interface type: USB
12V
Number of Type-CUSB/Type-C connectors: standard: 1, optional: 1220V/230V power supply:-12V power supply interface of trunk:-CD/DVD:-Speaker brand:-Number of speakers: standard: 4 audio power:-Dolby Atmos:-Active noise reduction system:-Remote control of mobile phone APP:.
Lamp control
Air conditioning control
Vehicle condition inquiry/diagnosis
Vehicle location/vehicle search
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Simon starred in "I want to go against the wind" and officially started. Pure rational investor Xu Si helped push the national tide to revive

Produced by iQiyi and Stellar Gravity Media, with Ying Dai, Wang Yixu and Zhang Yucheng as the chief producers and Zhao Yilong as the director, I’m Going Against the Wind, an excellent urban workplace drama adapted from a novel with the same name, was officially launched on December 7, which tells the story of a national brand’s revival under the impact of e-commerce economy. Xu Si, played by Simon, is a cold, rational and sharp-eyed investor. In the play, he will experience entrepreneurship and reform with many like-minded young partners and go to the ideal business road.

The essence of the original works blends with the background of the times and innovates again. Xu Sili’s pioneering work has stood on the forefront through reform.

"I want to go against the wind" is adapted from the work of the same name by the best-selling emotional novel author Wu Zai. The author combines the commercial workplace with urban love, and his writing is solid, the plot is ups and downs, and he can freely accept it, which has won praise from many readers. What fresh highlights will this film adaptation bring?

Today, the official blog "I want to go against the wind" released a lineup poster and a short film. From many materials, we can see that Xu Si, the male actor played by Simon, has sharp eyes, a strong gas field, and a business elite temperament. His eyes look calm and firm between light and shadow. Among them, the two editions of posters indicate that the characters are about to sail against the wind, and they are going up and down to seek last stand.

The previous works of the cast of "I want to go against the wind" have been widely praised, and the heartfelt comments from netizens such as "Fairy Casting" and "Conscience Cast" have made this urban theme work highly anticipated. The old opera bones and many powerful actors joined in, and the original author made great efforts to ensure the quality of the works, and created high-quality works with more characteristics and tone of the times on the basis of retaining the essence of the original works. "I want to go against the wind" will certainly be worth looking forward to.

Simon breaks through the interpretation of cold and sharp business upstart Xu Si sailing against the wind to protect the revival of national brands

The character of Xu Si, the hero of I Want to Go Against the Wind, is quite different from the role played by Simon before. Xu Si is purer and more rational; He is young and successful, decisive and crisp, conceited and confident about the business language he insists on, and even a little cold and sharp. In business, he is an investor who pays more attention to the return on investment. Between Xu Si and the heroine, from the opponent to the comrades who walk side by side, it is like a contest and a competition. The collision of his values and career views with the Jianghu in the process of starting a business, the differences and reconciliation of career ideas and personal feelings are the true portrayal of every ordinary person who rushes into the sea and spreads his arms against the current in the great era. Xu Si changed from a businessman who only looked at the dividends of the times to a guardian of national manufacturing, which not only showed the insight and national feelings of a new generation of entrepreneurs, but also reflected the patriotism of contemporary young people.

This year, Gong Jun has received extensive attention because of the popularity of many works. In the choice and interpretation of works, he has been constantly breaking through, and the roles in each work are different. In this "I want to go against the wind", I believe that Simon will give full play to the different aspects of the characters’ personalities within his control. Riding the wind, traveling thousands of miles, let’s look forward to the wonderful performance of actor Simon in "I want to go against the wind"!

Seven cases of "pornography" were severely punished, and the department of eliminating pornography and illegal publications will rectify the cultural environment around the campus.

  Legal Daily reporter Qi Jianrong

  The National Office for Combating Pornography and Illegal Publications introduced today that during the winter vacation, the national "anti-pornography and illegal publications" departments comprehensively inspected the publication market and cultural business places around the campus, focusing on investigating and dealing with the dissemination of harmful information in the fields of learning and education App, online games, online literature, online comics and portals, and promptly and strictly investigated a large number of cases. Today, the National Office for Combating Pornography and Illegal Publications publicly reported seven typical cases:

  Beijing investigated and dealt with the case of a post bar in Baidu spreading obscene pornographic cartoons.

  In January 2019, according to the report clues transferred by the national office of "eliminating pornography and illegal publications", the Beijing office of "eliminating pornography and illegal publications" deployed cultural law enforcement departments to investigate and deal with the case. After investigation, from April 2014 to January 2019, Baidu Post Bar Channel’s "Forced Top Device Bar" provided online comics that promoted obscene and pornographic content that induced minors to imitate, violate social morality and commit crimes. In February 2019, the Beijing Cultural Market Administrative Law Enforcement Corps ordered Baidu to correct the illegal acts within a time limit and imposed an administrative fine of 20,000 yuan. At present, Baidu deletes the comics involved and closes the corresponding post bar.

  Kunshan, Jiangsu Province, investigated and dealt with the case of "assistant of operation god" spreading harmful information

  In January 2019, according to the clue of the office of "eliminating pornography and illegal publications" in Jiangsu Province, the department of "eliminating pornography and illegal publications" in Kunshan carried out investigation and punishment. After investigation, since April 2017, Kunshan Red Reading Information Technology Co., Ltd. has not been allowed to develop and operate the "Red Fruit Reading" website and App, and published some online novels containing contents that endanger social morality and induce minors to imitate and violate social morality. At present, the "Working God Assistant" App has been ordered to correct the illegal behavior, the "Red Fruit Reading" website and App have been shut down, and the two companies have been fined for administrative punishment.

  Nanchang, Jiangxi investigated and dealt with the illegal business case of "Sword Fighting the World" online game

  In January 2019, according to the clue of the national office of "eliminating pornography and illegal publications", the office of "eliminating pornography and illegal publications" in Jiangxi Province deployed Nanchang Cultural Law Enforcement Brigade to investigate and deal with it. After investigation, Jiangxi Longluo Network Technology Co., Ltd. developed the online game "Sword Fighting the World", which was launched on October 28, 2018 without obtaining the version number. As of November 14, 2018, the illegal business income was 20,690 yuan. In accordance with relevant regulations, Nanchang Cultural Law Enforcement Brigade ordered the company to immediately go offline and delete the game, and imposed an administrative penalty of a fine of 100,000 yuan.

  Bozhou, Anhui investigated and handled two cases of online games spreading harmful information.

  In December 2018, cultural law enforcement officers in Bozhou City, Anhui Province inspected and found that the game "Yu Xiang" and "Super Killing the Walking Dead" operated by a network technology company was suspected of providing content that promoted obscenity and pornography and violated social morality, and the city’s "anti-pornography and illegal publications" department quickly investigated and dealt with it. In January 2019, the law enforcement department ordered the network technology company involved to make immediate corrections, and imposed an administrative penalty of confiscation of illegal income and a fine of 10,000 yuan.

  Shanghai investigated and dealt with the case of pornographic information in winter vacation homework, a private SMIC middle school.

  In January, 2019, the "anti-pornography and illegal publications" department in Shanghai immediately carried out a check on the media’s report that the English winter vacation homework of Shanghai Private SMIC School was "pornographic". After investigation, winter vacation homework English (NJ) [Grade 8] is an illegal publication with prohibited content and obscene content, which was published by Shanghai Oriental Laser Education and Culture Co., Ltd. without publication qualification. The Municipal Cultural Market Administrative Law Enforcement Corps punished the company according to law, confiscated all publications involved and imposed a fine; For the illegal acts of publishing publications containing prohibited contents, its "Publication Business License" shall be revoked. The printing unit Shanghai Great Wall Drawing Printing Factory and the issuing unit Shanghai Lianchen Book Co., Ltd. involved in the case were handled separately according to law.

  Nanjing, Jiangsu investigated and dealt with the case of publishing obscene novels on the Chinese website of Reading Ming.

  Recently, according to the clue of the national office of "eliminating pornography and illegal publications", the office of "eliminating pornography and illegal publications" in Jiangsu Province deployed the Nanjing cultural law enforcement department to investigate and deal with the case. After investigation, Nanjing Yueming Culture Communication Co., Ltd. engaged in online publishing services without obtaining the Network Publishing License. Since January 2017, an obscene novel has been published on the open Reading Chinese website. The novel takes the campus as the scene and openly promotes obscene and pornographic content. In November 2018, the novel was ordered by the law enforcement department to be immediately removed. On January 15, 2019, Nanjing Cultural Market Comprehensive Law Enforcement Corps ordered Yueming Company to stop its online publishing activities, and imposed an administrative penalty of confiscating the computer mainframe involved and fined 50,000 yuan.

  Hebei Hengshui cracked the case of spreading obscene articles on the website of Lolita Bar Forum.

  At the end of 2018, the public security organ of Jizhou District, Hengshui City, Hebei Province successfully detected a case. After investigation, in May 2018, Zhou Moumou established the website of Lolita Bar and served as an administrator, uploading obscene pornographic videos downloaded from the Internet to different sections of the website, and netizens can watch or download them online after paying. It has been identified that there are 168 obscene videos in the website of Lolita Bar and 254 obscene videos in the website of card issuing platform. At present, the police have arrested six suspects and the case is under further investigation.

  The person in charge of the national office of "combating pornography and illegal publications" pointed out that the spring school year is just around the corner, all localities will especially strengthen the rectification of the cultural environment around primary and secondary schools, comprehensively inspect bookstores, newspaper stalls, stationery stores, electronic product repair shops and other places, and strictly investigate and deal with all kinds of illegal and harmful children’s publications and information, so as to create a healthy and good cultural environment and atmosphere for the start of primary and secondary schools. 

Regarding China products, the United States announced the extension of the tariff exemption period.

According to the Reuters report quoted by the US World News Network on May 24th, the Office of the US Trade Representative announced that it would extend the 301 tariff exemption period for 352 imported goods from China and 77 imported goods from China related to the epidemic from May 31st to June 14th. Some exempted projects will be extended to May 31, 2025.

The report mentioned that former US President Trump imposed tariffs on China goods in 2018 and 2019 in accordance with Article 301 of the Trade Law.

According to the report, the extension of exemption measures announced on the 24th means that some commodities will continue to be exempted from import duties, including animal feeding machines, DC electric motors, blood pressure monitors and thermostats specially designed for air conditioning or heating systems that are not connected to the network.

The Office of the U.S. Trade Representative said that the exemption period will be extended until June 14th to facilitate the transition. Some exclusions will be extended until May 31, 2025 to support efforts to transfer procurement out of China, or to provide additional time when the supply of products outside China is still limited.

However, according to the Office of the Trade Representative, many products will face tariffs again, including 102 categories, which are items for which there is no public request for further extension, or there is no evidence that extending the exemption will help to transfer the procurement out of China.

These product categories include garage door openers, switches for motor vehicles, printed circuit board components, electric motorcycles, natural graphite, a series of luggage bags and messenger bags.

The report pointed out that Beijing has always criticized the 301 tariff imposed by the United States on China’s imports as "discriminatory".

China has business opportunities | Foreign banks accelerate their entry into Shanghai.

  With a huge market of nearly 1.4 billion people, China, based on its own reality and in accordance with the established strategy, has continued to expand its opening up, attracting a large number of large multinational enterprises to invest in China and explore new opportunities.

  Voice of the Economy series reports "China has business opportunities": foreign banks accelerate their entry into Shanghai.

  Foreign financial institutions are attracted by the China market.

  The meeting of rivers and seas and the turn of China and the West — — Shanghai, the bright pearl of the East, is composing a grand movement of China’s further opening to the outside world. And more and more foreign banks are rushing to Shanghai, which has become a smart note in the grand movement.

  In June this year, Guotai Shihua Bank was approved by China Banking and Insurance Regulatory Commission, becoming the 21st foreign-funded corporate bank to open in Shanghai. Meanwhile, the Arab Bank of Jordan will also set up a branch in Shanghai. The latest report "Development and Policy Evaluation of Foreign Banks" shows that commercial banks from Britain, Japan, Singapore and France have expressed their intention to set up new institutions or increase their shareholding in Shanghai and other places. Many foreign banks, such as Standard Chartered and Citigroup, are also deepening their business in China with the help of mature overseas network layout and rich international business operations.

  Gao Yiya, chairman of Bloomberg Limited Partnership, who has long been concerned about the development of China’s financial market, used the word "attraction" to describe the grand occasion of foreign investment in China.

  Our customers all over the world want to know what happened in China. Nowadays, China’s open attitude is very attractive. We will continue to invest in the China market.

  As one of the first foreign financial institutions to enter Shanghai, China Free Trade Zone, Ge Ganniu, CEO of dbs group (China) Co., Ltd., used a set of figures to describe his confidence in the China market.

  DBS has high confidence in the development of China market. DBS Group increased its capital in DBS China twice in 2012 and 2016, 2.3 billion RMB in 2012 and 1.7 billion RMB in 2016, which fully reflected its long-term investment and commitment to China market.

  Foreign banks in China: the change of "one more and one less"

  After careful observation, it is not difficult to find that the operating conditions of foreign banks in China in recent years can also be described as "more or less": "more" is manifested in — — The number of foreign banks’ institutions in China, business areas, clients, business types, and especially the profits earned from less to more; "Less" is manifested in — — In China, the restrictive regulations on foreign banks have been reduced, the items for examination and approval have been reduced, and the differences between domestic and foreign regulatory policies are even less!

  This change of "one more and one less" is closely related to China’s continuous promotion of a deeper and higher level of opening to the outside world. Since 2017, the Ministry of Finance and the China Banking Regulatory Commission have successively stated that they will greatly relax the restrictions on the shareholding ratio of foreign capital in the financial industry and implement consistent rules for equity investment ratio inside and outside. This year, China Banking and Insurance Regulatory Commission once again "shot" to greatly improve the convenience of foreign banks doing business in China and further expand the opening up of the financial industry.

  Data show that by the end of last year, there were 1,013 foreign banks operating in China, with an average annual growth rate of 13%. The total assets of foreign banks in China have increased from more than 300 billion yuan at the beginning of China’s accession to the WTO to 3.24 trillion yuan at the end of last year, a full increase of more than nine times.

  Facing the reporter’s interview, Simon Derrick, chief foreign exchange strategist of Bank of New York Mellon, said that with China’s financial opening-up and more practical measures, foreign banks will usher in more benefits in the China market.

  I fully believe that the demand for RMB products will be very strong, such as reserve managers and fund managers, who will be willing to invest in RMB products.

  China has become a huge business opportunity for foreign banks.

  JPMorgan Chase, an internationally renowned financial institution, has a keen sense and execution of the huge business opportunities contained in the China market: as early as May this year, JPMorgan Chase announced that it would seek to establish a brand-new financial institution with a shareholding ratio of 51% in China. For the future development, JPMorgan Chase Chairman and CEO Jamie Dimon made his own prediction.

  I expect the banks in China will further increase in size and become stronger in the future. Including investment banking and commercial banking, China will see great growth in the next four to five years. That’s why we need to strengthen our business in China. We have wholly-owned business and joint venture business in China. We will continue to invest in the next few decades.

  Ceng Gang, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences, believes that more and more foreign banks have landed in Shanghai and laid out in China, and the huge open market has become a huge business opportunity for foreign banks.

  China is the second largest economy in the world, and its economy is still growing at a medium and high speed, so it is still a very attractive market for foreign financial institutions. Obviously, it has always been the idea of many large foreign-funded institutions to take the opportunity to speed up the layout in China in such a big wave of our opening up.

 

Can the mileage anxiety of new energy vehicles be solved when enterprises compete to enter the circuit to change electricity?

  Zhongxin Finance, January 27th (Ge Cheng) Recently, Chongqing Ruilan Automobile Technology Co., Ltd., a joint venture company under Geely, officially settled in Liangjiang New District of Chongqing. The new company is jointly invested by Geely Automobile and Lifan for 300 million yuan, which indicates that Geely will accelerate its entry into the new energy vehicle exchange circuit.

  It is reported that Ruilan Automobile is an automobile company with independent production qualification jointly established by Geely Automobile and Lifan Technology, which is positioned in a new generation of new potential energy for power exchange and travel. In the future, Ruilan Automobile will develop new products based on the self-developed power exchange platform, and work together at the B-end and C-end to lay out the power exchange market.

  In addition to car companies, power battery related companies are also actively deploying in the field of new energy vehicles. On January 18th, Contemporary Amperex Technology Co., Limited, the industry leader, released the power exchange brand "EVOGO", providing users with a "combined power exchange overall solution" consisting of three products: power exchange block, quick exchange station and APP.

  The power exchange mode is popular.

  In addition to the newly-built Ruilan Automobile and Contemporary Amperex Technology Co., Limited, Weilai, BAIC, Geely, Chang ‘an and other enterprises have successively laid out the new track of power exchange.

  In 2020, Weilai was named as one of the 100 companies that changed the world by Fortune magazine because it launched a battery rental service based on the separation of vehicles and electricity. Its CEO Li Bin said: "The battery of the power station itself is an energy storage device. In the process of operation, the use of technological innovation can effectively reduce the carbon emissions per unit of electricity and the overall facilities."

Weilai Power Station (Source: Weilai Automobile official website)
Weilai Power Station (Source: Weilai Automobile official website)

  Charging and replacing facilities are the bottleneck of the popularization and application of new energy vehicles, and whether the electric energy is "clean" is also the key to its energy saving and emission reduction. Chen Quanshi, a professor at Tsinghua University Institute of Vehicles and Transportation, said that centralized power exchange can make full use of the low-peak electricity at night and further reduce carbon dioxide emissions.

  The power batteries of new energy vehicles can form a huge "power sponge", which can realize reverse power transmission to the power grid by centralized charging and replacing, and has the potential of dispatching energy storage. Xin Baoan, chairman of State Grid Co., Ltd. said that new energy vehicles with power batteries can effectively participate in peak shaving and valley filling, ensure the balance of power and electricity, and improve the overall operating efficiency of the power system.

  On the other hand, adopting the power exchange mode can also make the new energy vehicles change and leave without waiting for charging. When a new energy vehicle is charged to 80%, it takes 30 minutes at the earliest, and the power change can be completed within 5 minutes. The appearance of power exchange mode will effectively improve the problem of long waiting time for new energy vehicles to replenish energy. Once popularized, the long-term "queuing" of charging stations will no longer exist.

  In addition, the power exchange mode is also conducive to improving safety and prolonging the service life of power batteries, which can effectively reduce the use cost of new energy vehicle batteries. The centralized monitoring, management and maintenance of batteries by operating companies are more professional than users, which is conducive to prolonging the life of power batteries and improving the safety of batteries.

  Although the advantages are obvious, the development speed of the new energy vehicle power exchange mode is far less than that of charging. Experts in the industry generally believe that the current standard of power exchange is not uniform, which is a major obstacle to the development of power exchange mode. Liu Yongdong, director of the Standardization Center of China Electric Power Enterprise Federation, once admitted that the power exchange standards are not completely missing, including connectors, batteries and communication protocols, but they are all related standards. However, due to the constraints and poor operability of the standards, a consensus has not been reached in the industry.

  Policy promotes the development of power exchange

  New energy vehicles are an important cornerstone of the development of China’s automobile industry, which has played an indispensable role in the process of China’s transformation from a big automobile country to a powerful automobile country.

  According to official data, in 2021, the sales of new energy vehicles in China reached 3.521 million, a year-on-year increase of 1.6 times, ranking first in the world for seven consecutive years. Relevant policies have played a very important role in the development of new energy automobile industry.

  In 2020, the Development Plan of New Energy Vehicle Industry (2021-2035) issued by the General Office of the State Council put forward an outline for the development of new energy vehicle charging mode: we should vigorously promote the construction of charging and charging network, encourage the application of charging and charging mode, strengthen the research and development of new charging technologies such as intelligent and orderly charging, high-power charging and wireless charging, and improve charging convenience and product reliability.

  In view of the development of new energy vehicle power exchange mode, the competent authorities have also put forward corresponding policy standards to promote the innovative development of business models.

  On November 1, 2021, the "Safety Requirements for Electric Vehicle Switching" promulgated by the Ministry of Industry and Information Technology was officially implemented, which stipulated the safety requirements, experimental methods and inspection rules of electric vehicles, and solved the urgent problem that there was no standard to follow in the switching mode. In the future, the standards for power batteries of new energy vehicles are expected to be unified.

  In addition, increasing the research and development of new technologies will also play a positive role in promoting the rapid development of new energy vehicles. On January 10th, 2022, the National Development and Reform Commission and other departments jointly issued the "Implementation Opinions of the National Development and Reform Commission and other departments on Further Improving the Service Support Capability of Electric Vehicle Charging Infrastructure", proposing to continue to increase the research and development of new technologies and continuously improve the standard system. Give full play to the energy storage characteristics of power batteries, explore and promote orderly charging, V2G and other forms, and realize the synergistic interaction between electric vehicles and the power grid. Promote the power exchange mode according to local conditions in scenes such as mines, ports and urban transshipment.

  At present, the Ministry of Industry and Information Technology has started the pilot work of the application of new energy vehicle power exchange mode. There are 11 cities included in this pilot project, and Beijing, Nanjing, Wuhan and other cities have been shortlisted as pilot cities for power exchange mode, and will accelerate their development in strengthening technology research and development, carrying out demonstration applications and improving infrastructure.

  Business model needs to be broken through.

  As a new thing, the development of new energy vehicle power exchange is not smooth sailing.

  In 2019, Weilai Automobile launched Nio Power power exchange technology for private car owners. After a period of operation, some users spit out: "Change the power for three minutes and wait for one hour." On the one hand, it reflects that the power exchange service is hot and popular among car owners, which was once in short supply; On the other hand, the new business model has shortcomings and poor user experience.

  By 2021, Weilai has built more than 700 power stations in China. According to the plan, in 2022, Weilai automobile power stations will exceed 1,300.

Data map. A taxi waiting for power change can complete a power change within 3 minutes.
Data Map: A taxi waiting for power change can complete a power change within 3 minutes.

  As time goes on, the power exchange mode has gradually matured in the pilot cities and has been accepted by car owners.

  Master Wang, a taxi driver in Beijing, told the reporter of Zhongxin Finance and Economics that the mode of changing electricity brought convenience to the new energy taxi he was driving. In the past, it took one hour to charge, but now it only takes three or four minutes to get it, and the price is more affordable than that of a fuel car. Sixty or seventy yuan can run more than 200 kilometers. More and more taxi drivers have taken new energy taxis as the first choice for changing cars.

  At present, many car companies, such as Weilai and BAIC, have launched battery-changing models and power stations, but the battery-changing business is mostly based on their own brands, and the market level has not been penetrated, and the corresponding business model has not been completely opened. The development of battery-changing mode is still hindered by many obstacles. Li Songzhe, a researcher of China Electric Vehicle committee of 100 Research and Consulting Department, mentioned that even if a car company realizes the unification of battery specifications and standards, it is still difficult to make a profit because of its small scale.

  Although there are many difficulties at present, under the background that car companies and power battery manufacturers are competing to enter the new energy vehicle power exchange track, the power exchange mode will still usher in a wave of leap-forward development. The unification of relevant standards for power batteries will accelerate the popularization of power exchange mode, and then form a business model with wider coverage and more mature operation mode. By then, the last obstacle to the development of new energy vehicles will be removed, and the problems of "by going up one flight of stairs" and "mileage anxiety" will no longer exist. (End)