China Banking and Insurance Regulatory Commission and the Central Bank recently publicly solicited opinions on the Measures for Capital Management of Commercial Banks (Draft for Comment). The new regulation is to implement the regulatory requirements of Basel III issued by the Basel Committee in 2017, with the goal of improving the risk management level of banks. The measures are planned to be formally implemented on January 1, 2024.

　　The impact of this new regulation on the bond market is not small. The data shows that commercial banks hold 69.1 trillion yuan of bonds, accounting for 55.30% of the scale of custody bonds, and are the largest institutions holding bonds in China. According to the reporter’s interview with people in the industry, on the whole, the new regulations adjust the bond risk weight coefficient, which is beneficial to commercial banks to reduce capital consumption, and generally benefits local government general bonds, investment-grade credit bonds, bad bank secondary capital bonds, and interbank deposit certificates of more than three months.

　　The willingness to hold local bonds and high-quality credit bonds may rise.

　　Wang Qiangsong, head of the financial research department of Nanyin, told CBN that the new regulations have the greatest impact on the bond market from several dimensions. First of all, the risk weight of local governments’ general bonds is lowered from 20% to 10%, and special bonds remain unchanged. The general bond revenue and expenditure of local governments are included in the general budget revenue and expenditure. Legally speaking, it is more appropriate to lower the risk weight.

　　By the end of 2022, the general debt of local governments was 1,438.96 billion yuan, and 86% of domestic local debt was held by commercial banks. It is estimated that the reduction of general debt risk weight will save banks 1,237.5 billion yuan (143,896 * 0.86 * 0.1). "Lowering the risk weight of general debt will provide space for commercial banks to increase their holdings of government debt and further support the medium and long-term expansion of government debt." He said.

　　In addition, the risk weight of investment-grade corporate bonds is lowered from 100% to 75%, and investment-grade companies are identified from eight specific indicators, such as operating risk, debt risk and profit level.

　　The agency predicts that most bonds issued by large central enterprises and listed companies will be recognized as investment-grade corporate bonds, but the number of urban investment bonds that can be included in this standard is small. This will help commercial banks to allocate high-quality credit bonds, improve the transaction depth of high-quality credit bonds and reduce financing costs.

　　The allocation of secondary capital bonds may decline.

　　Since the net value of wealth management products fluctuated greatly, the change of tier-2 capital bonds has received great attention. This new regulation has increased the risk weight of tier-2 capital bonds of banks from 100% to 150%, which also has a considerable impact on this asset class.

　　As of the beginning of February 2023, the balance of domestic banks’ tier 2 capital bonds was about 5.3 trillion yuan. "Adjusting the risk weight may cause an impact. It will be more difficult for banks to hold each other when issuing Tier 2 capital bonds, and banks will reduce their allocation and market liquidity will be weakened." Wang Qiangsong said.

　　Liao Zhiming, chief banking analyst of China Merchants Securities, told reporters: "The new regulations have adjusted the risk weight of tier-two capital bonds of banks, insurance and brokers to 150%, and TLAC (total loss absorption capacity) bonds are also 150%, compared with the current 100%. There is a big increase. The risk weight of tier-2 capital bonds increased in line with expectations, and the incremental impact was controllable. However, the key to follow-up depends on the growth of wealth management scale. "

　　Among the bank capital replenishment tools, secondary capital bonds and perpetual bonds are the main components, and the circulation has increased significantly in recent years. Earlier, tier-2 capital bonds were preferred assets held by banking financial subsidiaries. However, at one time, due to the fluctuation of bond market, the net value fluctuated greatly, which led to a sharp drop in prices caused by bond market selling and investor redemption. This also once caused the market to worry about wealth management or continue to reduce its holdings of tier 2 capital bonds.

　　Yu Jinxin, an analyst at Minsheng Securities, said earlier that all levels of capital of domestic commercial banks have corresponding supplementary tools, among which tier-2 capital bonds and perpetual bonds are significantly ahead, supplementing tier-2 capital and other tier-1 capital of banks respectively. In recent years, the issuance of secondary capital bonds and perpetual bonds has increased significantly. By the end of May 2022, the total stock scale reached 4.98 trillion yuan, of which the issuance scale of state-owned banks was dominant, and the number of urban and rural commercial banks was relatively high. "Although the new asset management regulations have brought new investment constraints to tier-2 capital bonds and perpetual bonds, the asset mismatch may still make these two types of bonds lack alternative assets. Therefore, we believe that the investment demand is still resilient, but there may be two changes. One is that the duration is moderately shortened, and the other is that the transaction attributes are enhanced."

　　Most viewpoints hold that, as far as Tier 2 capital bonds are concerned, although the scale growth of bank wealth management funds is still uncertain, the overall allocation of insurance funds may remain stable under the long-term gap between assets and liabilities and policy support.

　　The impact on bank capital adequacy ratio is limited.

　　Generally speaking, most institutions believe that the implementation of the new regulations has limited impact on the capital adequacy ratio of domestic commercial banks, and it is expected that the capital adequacy ratio of banks will be slightly improved due to the reduction of the credit risk weight of investment-grade enterprises.

　　The bright spot is that the policy supports the growth of consumer loans and mortgage loans. Under the new regulations, the risk weight of banks with a high proportion of mortgage loans and retail business is lowered, and the capital adequacy ratio is expected to increase.

　　Specifically, Wang Qiangsong told reporters that the risk weight of credit cards was lowered, and the risk weight of credit lines (unused lines) below 1 million yuan was adjusted from 50% to 20%, and the definition of qualified traders was proposed, and the risk weight of use lines was adjusted from 75% to 45%; In terms of housing mortgage loan, the repayment source does not depend on the real estate cash flow (that is, the solvency of the purchaser is valued), and the risk weight is lowered — — If the down payment ratio is more than 40%, it will be reduced from 50% to 40%, and if the down payment ratio is 30%, it will be reduced from 50% to 45%, which is beneficial to both the first set and the second set.

　　At the same time, under the new regulations, the risk weight of SMEs is 85%, which is lower than the current 100%. Liao Zhiming believes that this is good for city commercial banks with relatively high credit for SMEs. The risk exposure of small and medium-sized enterprises refers to the creditor’s rights of commercial banks to enterprises whose operating income in the last year does not exceed 300 million yuan and meets the identification standards of medium, small and micro enterprises stipulated by relevant state departments, but does not include the creditor’s rights to small and micro enterprises and investment-grade companies.

In order to effectively prevent the occurrence of highly pathogenic avian influenza epidemic and guide all localities to do a good job in immune prevention of highly pathogenic avian influenza, our department has formulated the "Code of Practice for Strengthening Immunity of Highly Pathogenic Avian Influenza". It is issued to you, please follow it.

Attachment: Operational Specifications for Strengthening Immunity of Highly Pathogenic Avian Influenza

The Ministry of Agriculture of the People’s Republic of China

November 11th, 2005

Operational norms for strengthening immunity of highly pathogenic avian influenza

Highly pathogenic avian influenza is caused byAAn acute and highly infectious disease caused by highly pathogenic strain of avian influenza A virus can not only cause huge economic losses to poultry industry, but also may cause serious public health problems. To do wellH5The prevention and control of subtype highly pathogenic avian influenza, to ensure the immune density, improve the protection of poultry groups, and prevent the outbreak, is formulated in accordance with the provisions of the Law of People’s Republic of China (PRC) on Animal Epidemic Prevention.

First, the scope and requirements of immunization

Compulsory immunization should be carried out for all poultry, and the immunization density should reach100%(except poultry with special requirements that need not be immunized).

Second, the vaccine used for immunization

The avian influenza vaccine approved by the Ministry of Agriculture must be used. At present, the Ministry of Agriculture has approved the production ofH5Subtype avian influenza vaccines are:

Recombinant inactivated avian influenza vaccine (H5N1Subtype,Re-1Strain); Avian influenza recombinant fowlpox virus vector live vaccine (H5Subtype); Inactivated avian influenza vaccine(H5Subtype,N28plant); highly pathogenic avian influenza (HPAI)H5(N28plant)– H9Bivalent inactivated vaccine.

For the storage, transportation, use method and dosage of the vaccine, please refer to the instruction manual of the vaccine and the technical specification for immunization of highly pathogenic avian influenza.(NY/T 796-2004).

Third, the operating norms of immunization

(1) Routine immunization

one. Breeding chickens and laying hens:14At age, inactivated recombinant avian influenza vaccine was used.(H5N1Subtype,Re -1plant)Or inactivated avian influenza vaccine.(H5Subtype,N28plant)For the first time, intervalthreeAfter a week, another booster immunization will be conducted, and everysixCarry out next monthoneSecondary immunization; Avian influenza recombinant fowlpox virus carrier live vaccine can also be used.(H5hypotype)Initial exemption, intervalthreeAfter weeks, the recombinant inactivated avian influenza vaccine (H5N1Subtype,Re-1Strain) or inactivated avian influenza vaccine (H5Subtype,N28Strain) to strengthen immunization once, after everysixNext month, use recombinant inactivated avian influenza vaccine (H5N1Subtype,Re-1Strain) or inactivated avian influenza vaccine (H5Subtype,N28Strain)oneSecondary booster immunization.

2Commercial broiler:10～14At the age of day, live vaccine with recombinant fowlpox virus vector of avian influenza (H5Subtype)oneSecondary immunization is enough (chickens without maternal antibodies can be immunized atoneImmunization with avian influenza recombinant fowlpox virus carrier live vaccine at the age of 18).

threeDuck:14At the age of 10, the recombinant inactivated avian influenza vaccine (H5N1Subtype,Re-1Strain) or inactivated avian influenza vaccine.(H5Subtype,N28plant)For the first time, intervalthreeWe’ll do it in a weekoneThe second booster immunization, after each.sixCarry out next monthoneSecondary booster immunization.

fourGoose:14At age, inactivated recombinant avian influenza vaccine was used.(H5N1Subtype,Re-1plant)Or inactivated avian influenza vaccine.(H5Subtype,N28plant)For the first time, intervalthreeWe’ll do it in a weekoneThe second booster immunization, after each.fourCarry out next monthoneSecondary booster immunization.

fiveOther birds: immunize according to the instructions for vaccine use or refer to the above requirements.

(2) Immunization of free-range poultry

Every spring and autumn, a comprehensive centralized immunization is carried out according to the immunization program.

(3) Immunization of poultry in border areas

On the basis of routine immunization, border provinces are far from the border when threatened by the epidemic situation in neighboring countries.thirtyAll border counties within kilometers should carry out a booster immunization for all poultry.

(4) Migratory bird activities and poultry immunization in areas with dense water networks.

Combined with routine immunization, before the arrival of migratory birds’ migration season, all poultry should be given a booster immunization.

(5) Immunization of poultry in threatened areas

After the outbreak, all poultry in the threatened area should be given a booster immunization.

Note: In the above scheme, avian influenzaH5(N28plant)– H9The use of bivalent inactivated vaccine can be compared with avian influenza inactivated vaccine.(H5Subtype,N28plant)Same.

Iv. monitoring of immune effect

All provinces, autonomous regions and municipalities should formulate local immunization effect monitoring programs to keep abreast of the immunization status of poultry groups.

According to the technical specification for highly pathogenic avian influenza immunization(NY/T 796–2004)Requirements, with hemagglutination inhibition test.(HI)Detect serum antibodies.HIAntibody titer is greater than4log2At that time, it is judged that the immunity is qualified.

The proportion of qualified poultry in the total number of immunized poultry should not be less than70%.

　　It is said that the leader of the team lost contact and owed wages for more than ten days; The recruiter has paid wages for the group performance.

　　On October 27th, nearly 100 extras of Huo Qubing were abandoned by recruiters at Beijing Railway Station, and their wages were in arrears. Yesterday, Bian Lianqing, the main person in charge of recruiting group performances, said that the person in charge of the team was "lost" and had paid wages to the group performers. The producer of the TV series responded that the contract between the crew and the group performance expired, and the salary was handed over to Bian Lianqing at the first time, and the payment was arranged in a unified manner.

　　More than 100 group performances were paid in arrears.

　　At 2: 30 pm on the 27th, nearly 100 temporary group performances of "Huo Qubing" crew who returned to Beijing by train from Yinchuan arrived at Beijing Railway Station, and they could not contact Song Mou, the team leader who returned to Beijing together. Many group performers said that after arriving at the station, they couldn’t find anyone and their mobile phones were turned off, but their salary during their group performance in Yinchuan was never settled.

　　Mr. Liu, a group performer in Huo Qubing, said that before returning, he was told by the group leader that he needed to return to the scene urgently. After arriving in Beijing, he arranged accommodation in a unified way and waited for new arrangements after a few days’ rest. However, after packing up temporarily and rushing back to Beijing, the person in charge suddenly disappeared, and nearly 100 people stayed at the train station until 7 or 8 pm. Many people had no money and slept in the underground passage for one night.

　　Mr. Li said that when he saw the recruitment information of a group performance in Zhaopin on August 10th, he went to the Greenland Colorful City in Changping, Beijing for an interview. After paying 1,800 yuan for food on the spot, he signed a contract with a "Xinxiuxing Culture Film and Television Media Co., Ltd." and was sent to the crew by Bayi Film and Television Base as a group performance. As promised in the contract, the salary is 3,800 yuan a month, plus an extra Man Qin Prize and 600 yuan. After becoming a full member, the salary is 4,800-6,800 yuan. However, after arriving at the crew, the salary was changed to 80 yuan/day, and the salary was paid every 10 days. However, the contract has been taken away by the "group leader" responsible for recruitment (the intermediary for recruiting group performances for filming film and television dramas) before entering the crew.

　　According to a number of temporary group performances, most of them learned the group performance information through the online recruitment platform, and were asked to pay the introduction fee and agency fee ranging from several hundred yuan to 10,000 yuan during the interview. Besides group performances, there are also assistants, makeup, post-production and so on. A group leader manages a group performance of 20-40 people and is responsible for paying salaries.

　　From August to October, more than 100 group performances convened by several group leaders were sent by bus to Yinchuan’s "Huo Qubing" crew. Among them, the longest working hours are as long as two months, and the shortest is seven days. All of them have not been paid for at least one week, and the most have not been paid for more than 10 days. More than 10 people have left the crew early without pay.

　　On the evening of the 27th, when the police station in front of Beijing Station reported the case, nearly 100 group performers from other places were emotional. "We were left in Beijing Station, and the group leader didn’t say anything about sending money or explain it, so he disappeared."

　　Group leaders pay wages on the spot.

　　At 2 pm on the 28th, more than 40 group performances stranded in Beijing contacted Bian Lianqing, the main person in charge of recruiting group performances for the crew. The two sides agreed to meet at Nangong South Station next to Bayi Film and Television Base, and the salary for the group performance was settled by Bian Lianqing, and it was paid on the spot.

　　The group leader Bian Lianqing explained that there are several small group leaders who have long-term cooperation under him, and they are recruiting people for him. These group leaders usually bring 30 to 40 people in their hands, and after they are sent to the crew, he will contact the crew in a unified way.

　　"This thing was an accident. The group leader who led the team somehow ran away with everyone’s money, and I couldn’t get in touch. I can only send money to everyone first, which belongs to my management mistakes, and then I will investigate the reasons. "

　　It is understood that the TV series "Huo Qubing" starring Ruoyun Zhang and Rachel Momo started in Inner Mongolia on August 22nd. The producer is Xi ‘an Mengzhou Film and Television Culture Communication Co., Ltd..

　　Luo Bin, deputy general manager of Xi ‘an Mengzhou Film and Television Culture Communication Co., Ltd., said that the contracts for these group performances have expired, and the money has been unified to Bian Lianqing when it expires. "Because the target of recruitment is temporary group performances, and the salary is calculated on a daily basis, the number of people recruiting group performances in the crew will change according to the shooting needs. After the completion of this shooting plan, a number of group performances will be dissolved."

　　■ Lawyer’s statement

　　If the group leader loses contact, you can ask the crew for salary.

　　Liu Changsong, director of Beijing Mugong Law Firm, said that the relationship between the group leader and the group performance should belong to the labor intermediary service relationship, and the relationship between the group performance and the crew belongs to the labor contract relationship, but it does not belong to the labor contract relationship, and it is in charge of the industrial and commercial department rather than the labor department.

　　Therefore, when the group leader is missing and can’t be found, the group performers can completely ask the crew to directly claim compensation; If the crew doesn’t pay, the group performers can sue the group leader and the group leader to the court separately, so that the group leader and the group leader can bear joint liability. It should be noted that it is wrong to sign a contract between the same crew or the group leader, and the other party withdraws the contract so that it cannot defend its rights. Group performers can complain to the industrial and commercial department, which can punish those who withdraw the contract.

　　Beijing News reporter Lei Zhao

　　In recent years, Yuquan District, Hohhot City, Inner Mongolia Autonomous Region has incorporated self-service terminals such as social security and provident fund into the government service hall to create a "7×24-hour government service self-service supermarket", which is convenient for enterprises and citizens to "self-help, do it at any time and wait for it" around the clock. The picture shows a few days ago, citizens handled the housing provident fund business by themselves in the "24-hour government service self-service supermarket" in Yuquan District. Photo by Ding Genhou (People’s Vision)

　　There have been new changes in the housing provident fund policy. Recently, the General Office of the State Council issued a document, emphasizing the support of housing provident fund for renting houses. In the same period, many cities across the country adjusted their housing provident fund policies: some raised the amount of provident fund loans; Some cancel the provision of "one of the two options for withdrawal and loan"; Some relax the scope of use of provident fund … … According to experts’ analysis, the adjustment of the provident fund policy can reduce the purchase cost of the just-needed groups, effectively boost market confidence, and work with other "stable property market" policies to jointly promote the healthy development of the real estate market.

　　Higher quota, reducing the cost of home buyers.

　　Compared with commercial loans, the interest rate of housing provident fund loans is lower, so it is favored by many buyers. Taking Beijing as an example, in 2021, 94,154 individual housing loans with housing accumulation fund were issued in Beijing, with 72.399 billion yuan, up by 13.5% and 15.3% respectively, and the interest rate was about 2 percentage points lower than that of commercial loans, which could effectively reduce the purchase cost of buyers.

　　To meet the new demand of buyers, this year, the amount of provident fund loans has been raised in many places across the country. Zhou Huan works for a logistics company in Ningbo, Zhejiang Province. Last year, he and his wife welcomed their second child. "Before Erbao was born, my daughter-in-law and I always rented a house with the boss. Now that we have a second child, it is not convenient to rent a house. We plan to buy a suite in Ningbo. " Zhou Huan said, "It just happened to meet the new policy of Ningbo this year. For families with two or three children, as long as the provident fund has been paid for two years and meets the first loan and the first suite of the provident fund, the maximum loan amount has increased from the previous 600,000 yuan to 800,000 yuan, which is a good thing for us." Jiaxing City, Zhejiang Province also proposed that if employees who normally pay housing provident fund in the city apply for housing provident fund loans for the first time to buy the first family self-occupied housing, the maximum loan amount for a single person will rise from 300,000 yuan to 400,000 yuan, and the maximum loan amount for two or more people will rise from 600,000 yuan to 800,000 yuan. Nanning, Guangxi has made it clear that the maximum amount of provident fund loans for the first home will be adjusted to 800,000 yuan and the maximum amount of provident fund loans for the second home will be adjusted to 700,000 yuan from June 1 this year.

　　Some cities have adjusted the down payment ratio of housing provident fund loans. Linyi City, Shandong Province issued a new regulation, clarifying that if both husband and wife pay the housing provident fund in full and normally, the upper limit of the loan for purchasing self-occupied housing provident fund will be raised from the current 500,000 yuan to 600,000 yuan, and the down payment ratio of the second set of improved housing provident fund loans will be lowered from 40% to 30%. Jingzhou City, Hubei Province also lowered the down payment ratio of second-home provident fund loans from 40% to 30%, and cancelled the provision that "individual housing provident fund withdrawal and loans can only be one of two choices" to expand the supply of provident fund funds for buyers.

　　Some cities have relaxed the construction period limit of housing provident fund loans. According to the new regulations implemented in Luzhou City, Sichuan Province on May 1, the construction period of the house purchased by the employee’s family should not exceed 20 years, and the sum of the house age and the loan period should not exceed 40 years, and the loan period should not exceed the remaining land use rights of the house purchased. Harbin City, Heilongjiang Province proposed to relax the housing age of second-hand housing provident fund loans from 20 years to 30 years, and the sum of the loan age and housing age should not exceed 50 years.

　　"For the real estate industry, both consumers, developers and operators need a lot of money." Zhao Xiuchi, a researcher at the Economic and Social Research Institute of capital university of economics and business Megacities, said that relaxing the housing provident fund loan policy is conducive to consumers buying houses and reducing the cost pressure of developers and operators, thus achieving a virtuous circle and sustainable development.

　　More uses, more people to benefit from.

　　In addition to the loan to buy a house, the housing provident fund can also be used to pay the rent of the house to meet the needs of renters.

　　Xiao Zhu rented a house with one bedroom and one living room in Yuzhong District, Chongqing, with a monthly rent of more than 1,000 yuan. "I heard from my colleagues that the provident fund can be proposed for renting, so I applied." Xiao Zhu told the reporter that the application form for drawing provident fund to pay the rental fee, the summary table of units for drawing provident fund in batches and other materials will be handed over to the local provident fund management center after being sealed by the unit, and then the provident fund can be drawn out. "I applied for more than 10,000 yuan, and I arrived on the same day."

　　The reporter inquired about the "Regulations on the Management of Housing Provident Fund" and found that in addition to the common purchase of self-occupied housing, the provident fund can also be used for construction, renovation and overhaul of self-occupied housing.

　　In recent years, some cities have introduced a new policy, which makes it clear that employees can withdraw housing provident fund for the renovation of old communities. For example, Guizhou Province has issued a policy to support workers’ families whose residential areas are included in the renovation of local old residential areas to withdraw housing provident fund for housing renovation such as installing elevators, strengthening housing structures, adding security facilities, repairing doors and windows and indoor water (electricity, gas) pipelines. From May to December last year, Guizhou Province handled 124 withdrawals with a withdrawal amount of 5,138,300 yuan. According to the Annual Report of Changsha Housing Provident Fund in 2021, in 2021, the housing provident fund in Changsha City, Hunan Province supported 290 employee families to withdraw 15.571 million yuan from the housing provident fund, which was used to build elevators in existing houses and support the renovation of old communities. According to the Annual Report of Xiamen Housing Provident Fund in 2021, at the end of 2021, Xiamen City, Fujian Province, supported the installation of elevators in old houses and the renovation of old elevators, and extracted a total of 1,326 housing provident funds, amounting to 67.1519 million yuan.

　　"The establishment of the housing provident fund system is to solve the housing problem. Whether it is renting a house or renovating an old community, it is to solve the housing problem and is the proper use of the housing provident fund, which is consistent with the provisions of the Regulations on the Management of Housing Provident Funds." Zhao Xiuchi said. However, due to the lack of detailed regulations and support for the withdrawal of housing provident fund for rental housing and the renovation of old residential areas, such as the withdrawal of rental housing expenditure exceeding 5% of income, the consumption of such provident fund is relatively low.

　　A few days ago, the General Office of the State Council issued the Opinions on Further Releasing Consumption Potential and Promoting the Sustainable Recovery of Consumption, proposing to increase public consumption reasonably, emphasizing "supporting depositors to withdraw housing provident fund for rental housing, and continuing to support residents in old urban communities to withdraw housing provident fund for the renovation of self-occupied housing such as installing elevators". Experts believe that this will help to rationally expand the scope of the use of provident funds and bring more convenience to the public.

　　More convenient and help the healthy development of the property market.

　　The procedures for handling the provident fund are also increasingly simplified and convenient. After living in Foshan City, Guangdong Province for more than a year, Li Jing quit his original job and went to work in Hangzhou City, Zhejiang Province. Considering the demand for housing, recently, she transferred the provident fund of her last work place to her existing account. "In ‘ National housing accumulation fund ’ Click ‘ in the applet. Transfer and connection ’ , simply fill in your personal information and you can handle it. It was successful in two days, but I didn’t expect it to be so fast. "

　　Inquire about the balance of the provident fund, calculate the mortgage, and transfer the provident fund funds in different places … … In the second half of last year, the "National Housing Provident Fund" applet was put into operation. The depositor can handle a lot of business on the mobile phone without leaving home. As of February this year, all localities have set up 6,460 offline special windows and 1,364 online special zones for the "inter-provincial general office" business, and handled more than 23.3 million businesses through the whole process of online office, collection agency and joint office between the two places.

　　Experts believe that the recent adjustment of the housing provident fund system is conducive to promoting the healthy development of the real estate industry. "On the one hand, adjusting the provident fund policy has reduced the cost of buying houses for consumers and expanded the use of housing provident fund." Zhao Xiuchi said, "On the other hand, policy adjustment can have an impact on social expectations, which will help increase consumers’ confidence in the healthy development of the property market, which will expand effective demand and thus promote the sustainable development of the real estate industry." In addition, most of the areas that have recently introduced the new housing accumulation fund policy belong to second-,third-and fourth-tier cities, where the property market is relatively depressed, and the introduction of the new policy is conducive to promoting the development of the local real estate industry.

　　The reporter noted that in addition to adjusting the housing provident fund policy, since the beginning of this year, various "stable property market" policies have been introduced in many places across the country, covering reducing down payment, easing credit, reducing subsidy deed tax, and attracting talents to subsidize the purchase of houses. A few days ago, the People’s Bank of China and the State Administration of Foreign Exchange issued the Notice on Doing a Good Job in Financial Services for Epidemic Prevention and Control and Economic and Social Development, which made it clear that the differentiated housing credit policy should be implemented according to the city’s policy, and the minimum down payment ratio and minimum loan interest rate requirements for commercial personal housing loans within its jurisdiction should be reasonably determined to better meet the reasonable housing needs of buyers.

　　How to ensure that the real estate market continues to run smoothly? Ni Hong, vice minister of the Ministry of Housing and Urban-Rural Development, said that the long-term mechanism of real estate will be implemented steadily, the demand for rigid housing will be guaranteed, the demand for improved housing will be met, and the land price, housing price and expectations will continue to be stabilized, so as to promote the virtuous circle and healthy development of the real estate industry due to the city’s policies.

　　There were two strong earthquakes in Turkey.

　　On February 13th, The Paper (www.thepaper.cn) reporter learned from the Eighth Institute of China Aerospace Science and Technology Corporation that in order to obtain the coseismic deformation field of this earthquake, scientifically grasp the damage degree of the earthquake, and provide important data support for post-earthquake rescue, the Bureau of Science and Technology for National Defense, the National Satellite Remote Sensing Application Center of the Ministry of Natural Resources, and the National Institute of Natural Disaster Prevention and Control of the Ministry of Emergency Management called the Landsat No.1 01 satellite developed by the Eighth Institute. On February 10th, 2023, the post-earthquake synthetic aperture radar (SAR) image was obtained. After differential interference processing with the pre-earthquake SAR image (April 11th, 2022), the coseismic deformation fields of two strong earthquakes were obtained.

　　Benefiting from the advantages of L-band radar of Landsat-1 01 satellite, such as long load wavelength and strong penetration of surface vegetation, two SAR images separated by 10 months still maintain high coherence in the coseismic surface deformation area. The InSAR deformation results of Landsat-1 01 accurately describe the damage degree of this earthquake and provide important data support for post-earthquake rescue.

　　Co-seismic deformation interferogram of Turkey earthquake in 2023 The pictures in this paper are all from the National Institute of Natural Disaster Prevention and Control.

　　From the coseismic deformation interferogram, it can be seen that the interference fringes in the epicenter area are very dense (a single fringe represents that the surface changes by half the radar wavelength along the line of sight, about 11.9cm), which reveals that the two earthquakes have caused huge surface deformation.

　　Coseismic deformation field of Turkey earthquake in 2023

　　From the image of coseismic deformation field, it can be seen that the maximum dislocation amount caused by two earthquakes is 4-5 meters, and the distribution characteristics of InSAR deformation are consistent with the sinistral movement of faults marked by red lines.

　　According to the Eighth Academy, Group 01 of Land Exploration No.1 is a distributed SAR satellite system, which consists of two L-band SAR satellites with the same design parameters. This group of satellites was developed by the Eighth Academy of Sciences. A and B satellites were successfully launched into orbit on January 26, 2022 and February 27, 2022, respectively, and the world’s first L-band double-star constellation for surface deformation interferometry was constructed. The deformation measurement accuracy can reach millimeter level, which can meet the application needs of land resources, earthquakes, disaster prevention and mitigation, basic geographic information acquisition, forestry and so on, and plays an important role in safeguarding national resource security and ensuring people’s life safety.

　　At the same time, the Eighth Academy revealed that this group of satellites has been successfully applied to deformation monitoring in typical geological hazard-prone areas such as Datong coal mine in Shanxi and Liupanshui landslide in Guizhou, and also played an important role in demonstration applications such as Luding earthquake in Ganzi Prefecture, Sichuan Province on September 5, 2022.

　　Xinhua News Agency, Kabul, July 28 (Reporter Zou Xuemian) China Metallurgical Group held a donation ceremony for earthquake relief materials in Kabul, Afghanistan, on the 28th. Wang Yu, Ambassador of China to Afghanistan, Delaval, Acting Minister of Mining and Petroleum of Afghanistan Interim Administration, and Muslim, Vice Minister of National Disaster Management and Humanitarian Affairs, attended the ceremony.

　　Wang Yu said that as a good neighbor, good brother and good partner, China attaches great importance to the difficulties faced by Afghanistan and is willing to try its best to lend a helping hand to the Afghan people in trouble. Since the earthquake, the Government of China has immediately announced that it will provide emergency humanitarian assistance to Afghanistan, and MCC has also actively donated materials to help Afghan victims tide over the difficulties. China sincerely helps Afghanistan to achieve independent development. It will not only continue to fulfill its commitment to assist Afghanistan in coping with the earthquake disaster, but also continue to provide support to Afghanistan in food, medical care, sanitation and disaster relief training.

　　Delaval expressed his gratitude to the China government and MCC for their quick response and generous assistance to Afghanistan in difficult times. The Albanian people have suffered a lot recently, but with the selfless assistance of the international community and the full cooperation of relevant departments, everything is developing in a good direction. I believe that the Albanian people will get rid of the predicament soon.

　　Muslim expressed his gratitude to China for providing a large amount of relief materials as soon as the earthquake in Afghanistan occurred. A disaster management department will ensure that all materials are properly distributed to the victims.

　　Wu Min, deputy general manager of China MCC Ainake Copper Mine Project, handed over relevant donated materials to Albania on the same day.

1905 movie network news The music martial arts film "Noisy Jianghu" jointly produced by Penguin Film and Budou Film has recently started in Xiangshan. Director O ‘Tan Kai made a joint appearance with starring Shi Yunpeng, Ma Qianqian, Ji Muchuan and Julian.

Breaking traditional barriers and enriching innovative elements have attracted attention.

　　"Noisy Jianghu" is an original music martial arts film produced by famous director Cheng Qiang and directed by young director Ou Tan Kai. It tells a series of stories about the rise of Baile in the Northern Song Dynasty, in which Dashengfu, represented by the imperial court, and Da Yuefang, led by Guqin School, Guigu School, Dazhong School, Pipa School and Tiedi School, were ready to move, and they fought for the Classic of Boya in order to become the best in the world. The male and female protagonists also grew up through many experiences and felt the true meaning of love and justice.

　　As a martial arts film with the theme of music, this film combines the most popular film and television elements, which is a rare innovative theme at present, whether it is the cinema market or the scope of online movies. In recent years, young director O ‘Tan Kai has made many excellent works, and his film "Youth Feed the Dog" has won 7 nominations and 4 awards at home and abroad. This time, director Cheng Qiang and director Ou Tan Kai can be described as a strong alliance, which will be strictly controlled to ensure the quality and production of the film.

Strong production team, painstaking polishing, careful preparation and excellent creation

　　The screenplay of this film was carefully crafted by director Ou Tan Kai and screenwriter Li Ranning, and was repeatedly scrutinized and revised, striving to be more excellent on the basis of originality. Not only that, but also invited many well-known domestic film and television drama masters to create together, and went to Yinchuan, Ningxia, Alashan League, Chifeng, Xiangshan Film and Television City and other places to collect scenery in order to achieve the highest presentation of the story effect.

　　Before the start-up, the crew arranged intense and intensive training plans for the actors, from various professional musical instruments learning to one-stroke-one-style martial arts action guidance, in order to make the performance more real and show the role vividly.

Yan value acting has a strong lineup, and the bones are expected to join.

The movie "Noisy Rivers and Lakes" not only enables a large number of outstanding young actors with online acting skills and off the charts’s value, but also has many screen "old drama bones" to escort them.

The leading actor, Wen Muge, is played by Shi Yunpeng. Born as a child star, he has appeared in many famous works, such as Ode to Joy, Mu Yun Ji at Sea, The Longest Day In Chang’an and so on, which are well known to the audience. Ma Qianqian, a new flower, not only left a deep impression in The New Six Fingers Qin Magic, but also played the role of Jiang Miaoxian in this film.

In addition, the film also features Zhu Tiehe, the actor of Ouyang Feng in the 94th edition of Legend of the Condor Heroes, Zhu Hui, an actor who has participated in Thirty-three Days of Lovelorn, The Ordinary World, The Story of the Clouds on the Sea and The Longest Day In Chang’an, and Miao Fu, a famous cross talk actor, etc., which adds more highlights and highlights to the film and arouses the infinite expectations of netizens.

In today’s auto market, there are too many brands to count, just like mobile phones, so many choices are eye-catching. This brand used to be quite low-key, but recently a new car came out, which made it hot again. This car is most interested in its appearance, but if the price is right, it is estimated that many people will be tempted.

At the auto show, our price was announced, which was 1.4-1.86 million. At that time, my heart thumped. This time, I really dared to ask for the price, which was directly on a par with those international brands. The entry fee is 1.46 million yuan, but the actual purchase can be 200 thousand yuan cheaper. Compared with this, the price of Hongqi Guoya does not take advantage.

But I always feel a little sorry in my heart. Hongqi Guoya is so concerned, certainly not just because it looks good. Who still stares at things they can’t afford every day now? The market was so interested in Guoya that Hongqi had a chance to make a fortune. If the price of Guoya can be set at around 800,000 yuan, maybe it will become an explosive car like Ideal L9 and Wenjie M9. These cars are based on their strength, which has compared foreign luxury cars with the same price, and has also brought a new trend. What everyone values now is comfort and intelligence.

If Guoya can set it at 800 thousand, it will definitely attract a large wave of car owners who originally wanted to buy S-class and 7-series. Now the performance of S-class and 7-series is a bit weak, and the appearance and quality are not as good as before, so it is no longer everyone’s first choice. Guoya had the opportunity to become a new popular choice and a new love for everyone. Unfortunately, as soon as this price comes out, it is estimated that many people will have to hesitate.

Just like that, although the price is similar to X3, Q5 and GLC, it feels like flagship models such as X7 and GLE, which is why they can catch fire. Everyone wants the feeling of being tall, but the wallet is limited, so if the domestic car can be grounded in price and unambiguous in configuration, it will definitely attract a large number of fans.

When it comes to S-class cars, although they are all luxuriously decorated and have long bodies, their position in the market is far from perfect. If Guoya can give an experience at the price of S-class, it will not only be popular, but also make the red flag brand re-popular, just like Ideal, Ask the World and Xiaomi, becoming the new favorite in the market.

But now the starting price of Guoya is 1.4 million, and this price always feels a bit outrageous. Compared with the S-class in Maibakh, this price seems a little high. Brand aside, domestic cars are more expensive than imported cars, which makes people a little confused. Although there are not many innovations in recent years, after all, it has a hundred years of history and technology. How dare Hongqi set the price so high?

Let’s talk about the cost and profit. It is unknown how much Guoya can earn when it starts selling at 1.4 million yuan, but for most domestic brands, it is no problem not to lose money by inserting 800,000 3.0T large cars. Even if you lose money at the beginning, if you can kill the S-class /7 series, it will be cost-effective, because it will make Hongqi and Guoya famous in history, and you can also earn a lot of money through subsequent models.

In the final analysis, if the red flag is still entangled in the question of "why can’t domestic cars be more expensive than foreign brands", then Guoya may have to stand on the top of the "most expensive domestic cars" and watch the opportunity slip away. But if we can have the courage of the new forces, Hongqi may be able to grab market share from S-class and 7-series.

Unfortunately, Hongqi chose to be conservative. So, what do you think of Guoya’s car? No matter how beautiful the design is, the price is higher than that of Maibakh. Will it be buried like this? If it sells for about 800,000 yuan as I said, do you think those rich people will give up S-class and 7-series and choose Red Flag instead?

　　According to the website of the Ministry of Agriculture and Rural Affairs, in order to effectively ensure the market supply and price stability of vegetables and other "vegetable basket" products during this winter and next spring, especially during the New Year’s Day Spring Festival, the Winter Olympics and the National "Two Sessions", recently, the Ministry of Agriculture and Rural Affairs, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Natural Resources, the Ministry of Ecology and Environment, the Ministry of Transport, the Ministry of Commerce, the National Health and Wellness Commission, the General Administration of Market Supervision, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and other departments jointly issued "On Effectively Grasping

　　The "Notice" requires that the local territorial responsibility should be strictly implemented, and the stable supply and price of vegetable basket products such as vegetables this winter and next spring should be taken as an important part of the assessment of the mayor’s responsibility system for the "vegetable basket", and all work such as production development, production and marketing convergence, circulation and transportation, market regulation, quality and safety should be coordinated. It is necessary to steadily improve the self-sufficiency of vegetables, implement the strictest farmland protection system, and ensure the stable area and continuous improvement of vegetable fields. It is necessary to strengthen the emergency production and supply capacity of vegetables, formulate and improve the emergency plan for vegetable production and market supply in this region, and ensure a stable market supply and basically stable prices.

　　The "Notice" emphasizes that it is necessary to do a good job in vegetable production in winter and spring by region. The "South Vegetable Transportation to the North" base should give full play to the advantages of light and temperature in winter, tap the resources of winter fallow fields, expand the production of winter vegetables according to local conditions, and increase the transfer amount to the northern region. The main production areas of protected vegetables in the north should steadily increase the production area of protected vegetables such as solar greenhouses and plastic greenhouses, and increase the supply of fresh vegetables in winter and spring. Large and medium-sized cities should judge the impact of natural disasters and sudden epidemics in advance, arrange the production of fast-growing leafy vegetables and other emergency vegetables in advance, and increase the market volume. It is necessary to formulate an emergency plan for disaster prevention and pest control in response to La Nina as soon as possible, make good reserves and technical preparations for materials such as fertilizers and pesticides, strengthen classified guidance services, and increase vegetable production. It is necessary to strengthen quality and safety supervision, strictly control the source of inputs, vigorously promote the scientific use of fertilizers and drugs, strictly control market access, strictly implement the requirements for the entrance inspection of agricultural batch markets and the incoming inspection of sellers of edible agricultural products, and ensure the safety of consumers.

　　The "Notice" requires strengthening the monitoring and dispatching of information such as vegetable production, market and reserve, releasing production and marketing information in a timely manner, doing a good job in the connection between production and marketing, implementing the "green channel" policy for the transportation of fresh agricultural products, ensuring rapid transportation between regions and preventing difficulties in selling and supply interruption. It is necessary to strengthen departmental cooperation and publicity and guidance, ensure the supply safety of vegetables and other "vegetable basket" products, and maintain normal social order.

Welcome to [car home Liuzhou Special Promotion Channel] to bring you the latest auto market trends. At present, a remarkable preferential activity is going on in Liuzhou. This stylish and practical car is favored in the market for its unique design and excellent cost performance. Now, car buyers can enjoy a discount of up to 10,000 yuan in Liuzhou, and the minimum starting price has been as low as 55,800 yuan. If you are interested in Wuling Binguo, don’t miss this rare opportunity. If you want to know more details and get a higher discount, just click the "Check Car Price" button in the quotation form and let professionals provide you with personalized car purchase suggestions and preferential policies.

The design of Wuling Binguo is full of vitality, the front face adopts a unique design concept, and the exquisite air intake grille is like a delicate ornament, which adds a fashionable atmosphere to the overall shape. The overall style is fresh and natural, the body lines are smooth, and with bright body colors, it shows a young and unique urban style and caters to the aesthetic needs of modern young people.

Wuling Binguo’s body design is elegant and smooth, and the side lines are compact and dynamic. The body size is 3950mm*1708mm*1580mm and the wheelbase is 2560mm, which provides a good foundation for the interior space. The balanced distribution of the front tread of 1488mm and the rear tread of 1472mm not only ensures the driving stability, but also makes the overall visual effect more harmonious. Tyre size is 185/60 R15, with simple rim design, which is not only practical, but also adds a sense of fashion to the vehicle. On the whole, the side design of Wuling Binguo gives consideration to aesthetics and practicality, showing exquisite urban style.

Wuling Binguo’s interior design pays attention to practicality and conciseness, adopts a steering wheel made of plastic material, supports manual adjustment up and down, and is convenient for drivers to operate. The center console is equipped with USB interfaces, including two USB/Type-C interfaces in the front row to meet the daily entertainment needs of passengers. In terms of seats, fabrics are used to provide a comfortable riding experience. Both the main and auxiliary seats support front and rear adjustment and backrest adjustment to meet the needs of different drivers. In addition, the rear seats support the proportion of falling down, which has great space flexibility and is convenient for loading various items. The overall interior design is mainly practical, giving consideration to humanized details.

Wuling Binguo is equipped with an engine with acceptable power performance, and its maximum power reaches 30 kW, providing a stable driving force for vehicles. At the same time, the peak torque reaches 85 Nm, ensuring smooth driving demand in daily driving. This engine gives consideration to both fuel efficiency and performance, bringing a comfortable driving experience to the owner.

At the end of his visit to Wuling Binguo, the owner of car home shared his deep impression on this new car. He said that not only the driving experience of the mixed version of the stars satisfied him, but also the design of Wuling Binguo made him shine. The rounded body lines and retro and lovely style were irresistible. In particular, the embellishment of the color roof adds a fashionable atmosphere to the vehicle. As a compact new energy vehicle, Bingo’s large space is impressive, which exceeds his expectations in terms of passenger comfort and storage practicality. It seems that Wuling Binguo not only continues the practical spirit of the brand, but also shows new charm in design. For those consumers who pursue individuality and practicality, Wuling Binguo is undoubtedly a worthy choice.