Beijing, July 22nd (Reporter Qiu Yu), the client of Zhongxin. com, lasted only 259 days! Since its establishment was announced on November 5, 2018, the first batch of 25 companies in science and technology innovation board were listed on July 22, 2019, that is, science and technology innovation board shares can be officially traded.

　　Science and technology innovation board’s stock trading rules are quite different from the current A-share rules. Since there is no limit on the price increase and decrease in the first five trading days, how the intraday stock price will fluctuate has attracted much attention. So, how do individual investors participate in science and technology innovation board? What problems should we pay attention to?

　　How do individual investors participate?

　　If individual investors want to participate in science and technology innovation board stock exchange, there is a certain threshold, and they need to meet the following conditions:

　　The daily average assets in the securities account and capital account in the 20 trading days before the opening of the application authority are not less than RMB 500,000 (excluding the funds and securities that the investor has integrated through margin financing and securities lending); Participated in securities trading for more than 24 months.

　　In other words, you must have not only two years of experience in securities trading, but also at least 500,000 yuan in your account. The relevant person in charge of the Shanghai Stock Exchange said at the end of June that there are about 3.2 million investors who meet the requirements of appropriateness.

　　It doesn’t matter if the above conditions are not met. According to the Shanghai Stock Exchange, small and medium-sized investors who don’t meet the requirements of investor suitability can participate in science and technology innovation board through products such as Public Offering of Fund.

　　At present, Bosera Fund, Yin Hua Fund, Dacheng Fund, China Europe Fund, Caitong Fund, CICC Fund and other fund companies have launched science and technology innovation board-related theme funds.

　　How do individuals participate in innovation?

　　Playing new means that investors use funds to participate in the subscription of new shares. If they win the lottery, they will buy the shares that will be listed soon, mainly through online and offline channels.

　　Since the offline subscription object does not include individual investors, for ordinary individual investors, they can only participate in innovation through online subscription.

　　If you want to purchase online, the first step is to open the science and technology innovation board trading authority, that is, to meet the above conditions.

　　The second step is to meet the requirement of holding market value, that is, the total market value of the unrestricted A-share shares and unrestricted depositary receipts held by individual investors participating in the subscription of new shares in science and technology innovation board is more than 10,000 yuan (including 10,000 yuan).

　　For example, if you have bought more than 10,000 yuan of Shanghai Pudong Development Bank (stock code: 600000.SH) shares in your stock account, and meet the above conditions for participating in science and technology innovation board, you can participate in the IPO in science and technology innovation board. Because the stock codes 601 and 600 start with the Shanghai Stock Exchange. The stock at the beginning of 000 is the main board stock of Shenzhen Stock Exchange; 002 starts with small and medium-sized stocks of Shenzhen Stock Exchange, and 300 starts with GEM stocks of Shenzhen Stock Exchange.

　　In addition, there is another way to invest in bank wealth management and fund participation in innovation. For example, at present, Bank of China, China Merchants Bank, Postal Savings Bank and other banks have launched science and technology innovation board-themed bank wealth management products, mainly by investing in innovative funds to indirectly participate in innovation in science and technology innovation board.

　　Are new shares "bought as earned"?

　　Many people think that buying new shares means earning, just like winning the lottery. The data shows that the number of investors participating in online innovation has exceeded 3.1 million. This means that almost all individual investors who have opened the trading authority in science and technology innovation board have participated in the innovation.

　　In fact, science and technology innovation board’s new shares are not cheap.

　　Price-earnings ratio (PE) is the ratio of stock price divided by earnings per share, and it is one of the most commonly used indicators to evaluate whether the stock price level is reasonable. Generally speaking, the higher the P/E ratio, the more overvalued the stock is.

　　The upper limit of 23 times P/E ratio has been cancelled in the issue price of science and technology innovation board shares, so the average P/E ratio obviously exceeds the overall level of A shares.

　　According to the statistics of Pacific Securities Research Report, the P/E ratio of 25 companies is between 18.86 and 170.75 times, with an average of 49.16 times and a median of 42.14 times.

　　Among them, the highest P/E ratio is Zhongwei Company, 170.75 times; The lowest is China’s through number, 18.8 times. The P/E ratios of China Tonghao, Wald, Tianyi Shangjia and Aerospace Hongtu are lower than the industry level, and the remaining 21 companies are all higher than the industry valuation.

　　Judging from the issue price, according to Wind data, the average issue price of the first batch of 25 new shares listed in science and technology innovation board is 29.20 yuan/share. As of July 15th, of the 87 A-share new shares issued this year, only 21 were issued at a price exceeding 29.20 yuan/share.

　　In addition, in terms of winning rate, the average winning rate of the first batch of 25 science and technology innovation board new shares is nearly 0.06%, which is higher than the overall level of A shares.

　　What problems should we pay attention to in trading?

　　Science and technology innovation board’s trading rules are different from the current rules of A shares.

　　First, the price rises and falls. There is no price limit in the first five trading days after the listing of science and technology innovation board stock, and a 20% price limit is set from the sixth trading day.

　　In the first five trading days, science and technology innovation board also set up a temporary suspension system. When the intraday share price rises or falls by 30% or 60% compared with the opening price for the first time, it will be suspended once respectively.

　　In this regard, some market analysts have warned that if there is no price increase or decrease, it is very likely that investors will be "hung at high altitude" after buying; The price limit of 20% is twice as large as the current limit of 10% A shares, and the trading risk is higher.

　　Secondly, the number of single declared shares in science and technology innovation board is different from the current 100 shares in A shares, and its starting number is 200 shares. Moreover, as long as each declaration exceeds 200 shares, it can be increased by 1 share, for example, 201 shares and 202 shares can be purchased.

　　Finally, it should be noted that science and technology innovation board has not introduced the T+0 trading system, but still adopts T+1. T+1 means that stocks bought on the same day cannot be sold on the same day, and cannot be sold until the next trading day.

　　The relevant person in charge of the China Securities Regulatory Commission said earlier that at this stage, China’s capital market is still immature, the proportion of small and medium-sized retail investors in the investor structure is relatively large, the characteristics of the unilateral market have not fundamentally changed, and the market monitoring means are still insufficient. Starting from maintaining the stable operation of the market and protecting the interests of small and medium-sized investors, science and technology innovation board has not introduced T+0 trading system yet.

　　What is the impact on the trend of A-share main board?

　　Essence Securities pointed out that assuming that the turnover rate of most companies in science and technology innovation board reached 89% on the first day of trading, it is estimated that the turnover of science and technology innovation board on the first day will be about 31.394 billion yuan (assuming that the average transaction price exceeds the issue price by 35%), then science and technology innovation board will account for about 6.56% of the total turnover of the two cities, with little liquidity impact.

　　Huatai Securities analyzed that science and technology innovation board’s influence on the liquidity of the A-share main board mainly has two aspects, namely, the bottom warehouse drainage effect and the diversion effect.

　　On the one hand, science and technology innovation board’s increase in stock supply has created a certain diversion pressure on the trading volume of the existing A-share sector, which is in the two stages of issuance and listing; On the other hand, participating in the subscription of science and technology innovation board new shares requires the market value of A-share bottom positions, which is expected to increase the allocation funds of existing sectors.

　　Regarding the "diversion pressure on the existing A-share sector", GF Securities believes that the diversion effect brought by science and technology innovation board is limited and controllable due to the comprehensive mechanism and volume factors.

　　From the mechanism point of view, the Growth Enterprise Market (GEM) adopted the new subscription of new shares in advance, and the first batch of frozen subscription funds reached one trillion yuan, while science and technology innovation board only adopted the market value placement method, which greatly weakened the diversion effect; In terms of volume, the financing scale of science and technology innovation board is expected to be 80 billion to 90 billion yuan in 2019, and the overall pace is controllable.

　　Li Chao, vice chairman of the China Securities Regulatory Commission, said earlier that science and technology innovation board has strict corresponding standards and procedures, which does not mean that anyone who wants to go public can go public. At the same time, science and technology innovation board pays attention to the market mechanism, which includes market constraints. As long as all parties in the market, including intermediaries, issuers, investors, and regulatory authorities, return to their posts and do their duty, I believe there will be no flooding in science and technology innovation board. (End)

　　On March 11th, He Jian (first from left), deputy to the National People’s Congress and director of the Housing and Urban-Rural Development Department of Sichuan Province, and representatives from the same delegation discussed that the key to new urbanization is the citizenization of agricultural transfer population. Photo by our reporter Li Jinglu

　　On the afternoon of March 11th, Huang Hongyun, member of Chinese People’s Political Consultative Conference and chairman of Chongqing Federation of Industry and Commerce, believed that housing enterprises needed to strengthen product innovation. Our reporter Li Shugui photo

　　(Reporter Lin Huocan, Cui Wenyuan, He Wei, Liu Chang, Wu Bingze) The government work report pointed out that urbanization is the only way to modernization and the biggest domestic demand potential and development momentum in China. In the process of promoting new urbanization, how to deal with the stable and healthy development of the real estate market? The reporter of Economic Daily interviewed the delegates and members attending the two sessions of the National People’s Congress. They believe that only by adhering to "people-oriented" can new urbanization and real estate market achieve win-win development.

　　Encourage agricultural transfer population to buy houses in cities.

　　According to the government work report, this year, China will further promote new urbanization, focusing on three tasks: urbanization of agricultural transfer population, promoting the construction of urban affordable housing projects and the stable and healthy development of the real estate market, and strengthening the management of urban planning and construction.

　　"Real estate enterprises should seize the opportunity brought by promoting new urbanization and share the market brought by the urbanization of agricultural transfer population ‘ Cake ’ 。” Chi Fulin, member of Chinese People’s Political Consultative Conference and president of China (Hainan) Reform and Development Research Institute, said that by 2020, China’s urbanization rate may exceed 60%, which is expected to bring about 3.3 trillion yuan of new consumption, and housing consumption will become an important part of new consumption.

　　Hu Baosen, deputy to the National People’s Congress and chairman of the board of directors of Jianye Group, said that at present, China’s real estate market is clearly divided, and the pressure of real estate destocking in third-and fourth-tier cities is relatively high. However, from the perspective of urbanization, a large number of agricultural migrants will settle in third-and fourth-tier cities, which will bring huge housing demand. In this sense, new urbanization will become the only way to realize the stable and healthy development of China’s real estate market.

　　In order to further encourage the vast number of migrant workers to buy houses in cities, many places have shown "real tricks" to help the agricultural transfer population accelerate the process of citizenization.

　　Fan Ping, deputy to the National People’s Congress and director of the Enterprise Management Center of Sichuan Jinxing Clean Energy Equipment Co., Ltd., said that as early as 2014, Meishan City, Sichuan Province launched an initiative to encourage migrant workers to buy houses in cities. For example, the "3+2" housing subsidy policy is implemented, that is, the government subsidizes 300 yuan per square meter of rural residents’ housing purchase, and enterprises give preferential treatment to 200 yuan.

　　"This subsidy policy has played a very positive role in stimulating farmers’ enthusiasm for buying houses in cities." Deputy Fan Ping said that the process of "destocking" in Meishan City is accelerating, and the destocking cycle has been shortened from 21 months at the end of April 2015 to about 14 months at present.

　　Open the conversion channel between commercial housing and affordable housing

　　With the acceleration of new urbanization, all localities should not only accelerate the transformation of shanty towns and villages in cities, but also solve the housing security problem of a large number of rural migrants.

　　However, it is not difficult to complete the task of providing affordable housing through government self-construction. Deputy Hu Baosen said that at present, there is a certain gap between the government-built policy housing and the needs of the people, while the commercial housing at the forefront of the market can better grasp the needs of the people in terms of apartment type, area and site selection.

　　Therefore, opening the channel between commercial housing and affordable housing, and the government repurchasing commercial housing as affordable housing, has become an important exploration to promote the construction of affordable housing projects in cities and towns and the stable and healthy development of the real estate market.

　　Ni Qiang, deputy to the National People’s Congress and mayor of Haikou City, said that at present, there are plenty of public rental housing in Haikou City, but the people’s application enthusiasm is not high and the inventory is large. The government has cancelled the construction of public rental housing and switched to a two-way conversion channel between affordable housing and commercial housing to digest the inventory of affordable housing and commercial housing.

　　"We are fully implementing the monetization subsidy policy for public rental housing, expanding the scope of public rental housing protection to non-registered population, and including urban lower-middle and low-income families with housing difficulties, newly employed employees, migrant workers and migrant workers into the scope of public rental housing protection." Deputy Ni Qiang said that in order to further intensify the destocking, Haikou City carried out the reform of the household registration system, making it clear that foreign household registration personnel over the age of 18 can apply for affordable housing such as price-limited commercial housing and low-rent housing if they have lived in Haikou City for more than 8 years.

　　Zheng Xincong, deputy to the National People’s Congress and secretary of the Quanzhou Municipal Party Committee of Fujian Province, said that Quanzhou has issued an implementation plan to open the transition channel between commercial housing, affordable housing and resettlement housing. Some counties in Quanzhou are moderately repurchased by the government as affordable housing such as resettlement houses.

　　"We gradually pay equal attention to physical security and monetary subsidies, and encourage those who meet the conditions of public rental housing to rent first-hand commercial housing. The municipal finance will give 30% rent subsidies, and encourage those who meet the conditions of price-limited housing to buy first-hand commercial housing, and the municipal finance will give subsidies." Deputy Zheng Xincong said that Quanzhou has also established a docking sales platform for commercial housing and households without housing. According to the principle of voluntariness, the housing provided by development enterprises at a price lower than the market price (85%) is included in the unified platform of government affordable housing and sold to the workers without housing in sanitation, public transportation, taxis and other industries.

　　Increase the proportion of monetized resettlement in shed reform

　　According to the government work report, 6 million shanty towns will be renovated this year, and the proportion of monetized resettlement will be increased.

　　He Jian, deputy to the National People’s Congress and director of the Sichuan Provincial Department of Housing and Urban-Rural Development, said that by 2020, Sichuan Province should basically complete the goal of transforming urban dilapidated shanty towns. "We will make every effort to promote monetized resettlement according to local conditions, and strive to achieve a monetized resettlement ratio of over 50%". Moreover, in the renovation of dilapidated shanty towns, the government will increase financial input, raise funds through multiple channels, ensure that local government bonds are given priority for related construction, and promote the implementation of security factors such as land and funds. At the same time, it will also accelerate the government’s purchase of shed reform services.

　　"The implementation of monetized resettlement will not only meet the wishes of the masses, but also improve the production and living conditions of the people in need in a short time and improve the resettlement efficiency." Zheng Weiyong, deputy to the National People’s Congress and chairman of Zhongxin Town People’s Congress in Daozhen, Guizhou Province, said. In order to carry out the relocation project of ecological immigrants, Zhongxin Town plans to relocate 218 households this year, and 200 households are willing to implement monetary resettlement. Deputy Zheng Weiyong suggested that in the process of monetary resettlement, in addition to giving farmers reasonable resettlement funds, they should also work closely with the financial sector to increase the credit line, solve the mortgage problem and provide them with necessary loan support for buying houses in cities.

Deputy Director of the National Development and Reform Commission Zhu Zhixin China Net Rui Wang photo

> > > State Council Office’s Press Conference on the Current Macroeconomic Situation [Record] < <

　　 The State Council Press Office will hold a press conference on the afternoon of August 7, 2009, inviting Zhu Zhixin, vice director of the National Development and Reform Commission, Ding Xuedong, vice minister of finance, and Suning, vice governor of the People’s Bank of China, to introduce the current macroeconomic situation and take questions from reporters.

　　 The Beijing News reporter asked at the press conference that the real economy is still in a difficult stage, but the prosperity of real estate has worried many people. For example, a new "land king" was shot on Guangqu Road in Beijing a while ago, including the developers themselves. I feel crazy and hard to understand. What do you think of the current situation of the real estate market? Is it necessary to make policy adjustments?

　　 Zhu Zhixin, deputy director of the National Development and Reform Commission, replied that the real estate market can be judged in one sentence in the first half of the year: the real estate market continued to pick up in the first half of the year. I use three figures to illustrate: first, the investment in real estate development was 1,450.5 billion yuan, an increase of 9.9% over the same period last year; Second, the sales area of commercial housing was 341.09 million square meters, an increase of 31.7%; Third, the housing sales prices in 70 large and medium-sized cities in June rose by 0.2% compared with the same period last year. Overall, the real estate market is in the process of recovery.

　　Zhu Zhixin said that when it comes to the continued recovery of the real estate market, the journalists present here think about it. A very important change may have taken place in the real estate market at the end of last year and the beginning of this year. In the process of warming up, there will also be some hot issues in some aspects, which is inevitable. I think we should promote the healthy development of the real estate market.

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Ministry of Finance: The next step will be to pay attention to the capital market situation and stabilize the development of the stock market.

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Editor: Zhang Renhe

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　The Altay Mountain Ice and Snow Tourism Belt, which is dominated by Altay region, is located in the northernmost part of Xinjiang. Altay is known as the "origin of human skiing", and the snow season can reach 7 months throughout the year, which is very suitable for carrying out ice and snow sports.

　　Starting from the snow season in 2021, Peng Chao, a senior snow friend from Beijing, rented a wooden house in Hemu Village, deep in Altai Mountain, Xinjiang, as the team’s work site in the next few years. The team mainly carries out skiing equipment evaluation and popular science skiing knowledge, and is well-known among domestic skiers. Peng Chao said that Altay region is located in the world’s ice and snow resources &lsquo; Golden latitude &rsquo; All the natural advantages of other international ski resorts are available here. During his stay in Hemu, he and other members of the team promoted the knowledge of avalanche risk avoidance and advocated the concept of safe and sustainable mountaineering and skiing.

　　This is a photo taken on January 12, 2023 at Hemujikplin Ski Resort in Altay, Xinjiang (photo of drone).

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency (photo by yue hu)

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　With the advantages of long snow period, good snow quality and diverse terrain, Xinjiang has built a number of high-standard ski resorts, forming two major ice and snow tourist belts, Tianshan Mountain and Altai Mountain, which are popular areas for ice and snow sports in China.

　　Xinhua News Agency reporter Hu Huhu photo

　　

　　Since last year, Japanese women’s doubles have sprung up, and soon replaced South Korean Lee Kyung won/Lee Hyo jung as a new force to compete with the powerful China women’s doubles. Even Tian Bingyi, head coach of China women’s doubles, said: Japanese women’s doubles have made rapid progress in recent years, and their impact on us has surpassed that of the Korean team to some extent.

　　At present, the Japanese team has three pairs of strong women’s doubles, among which Reiko Shiota/Kumiko Ogura, who is called a beauty group by many media, has the best record and can be called the first women’s doubles in Japan today.

　　Childhood opponent, today’s partner

　　Reiko Shiota and Kumiko Ogura started practicing badminton just by learning to play. After practicing badminton, they have different joys and sorrows. On September 30th, 1983, Reiko Shiota was born in Fukuoka Prefecture. In the first grade of primary school, at the invitation of her friends, she entered Kyoto Club, a famous badminton school in Japan, and began to practice badminton. Reiko Shiota, who was just going to have fun at first, underwent "devil training" at school. She not only had to practice basic skills, but also ran marathons. It was common for her to be beaten for being lazy. In her memory, she never felt that playing badminton was a happy thing.

　　On July 5, 1983, Kumiko Ogura was born in Mie Prefecture. At the age of 8, influenced by her sister, she began to practice badminton. Like Reiko Shiota, Kumiko Ogura just started playing and just learned to play. But unlike her future partner, playing ball is a kind of enjoyment for Kumiko Ogura. She likes to fight for every point and doesn’t like to have a rest.

　　In the sixth grade, Reiko Shiota and Kumiko Ogura met for the first time. Reiko Shiota beat Kumiko Ogura in the women’s singles quarter-final of the Japanese national primary school competition. Now, Reiko Shiota has no impression of the game, but Kumiko Ogura has a deep memory. She said that it was very good to play in Chaotian at that time, not like a primary school student at all. In the second grade of junior high school, the two met again in the women’s singles semi-final of the Japanese youth competition, and Reiko Shiota won again.

　　Two years later, the two men who entered high school were first put together in a youth training camp in Japan. At the beginning of the cooperation, they felt very tacit understanding, which was nothing like the first cooperation. Later, they were arranged to train with older players. Reiko Shiota said: "When I first cooperated with Xiao Yun, I was not very interested in doubles, but it was a pleasure to beat the older players in the competition." After graduating from high school, Reiko Shiota and Kumiko Ogura joined Sanyo Electric Company and started working and training together.

　　Stiffness and softness complement each other.

　　Looking at the game between Reiko Shiota and Kumiko Ogura, we can find that their styles are very different-Reiko Shiota is gentle when hitting the ball, but Kumiko Ogura is powerful; Reiko Shiota likes to observe his opponents in the game and plays strategically. Kumiko Ogura prefers to confront his opponent directly.

　　On the field, Reiko Shiota is a careful person. She always leads Kumiko Ogura like a commander and creates opportunities for her to attack. Off the court, Reiko Shiota is like a careless sister. Every training session, Kumiko Ogura will gather 10 minutes in advance, while Reiko Shiota is not so punctual. When staying in a hotel for a competition abroad, Kumiko Ogura always gets up early and is responsible for waking Reiko Shiota up. The key to the door is also kept by a careful little coffin.

　　Reiko Shiota feels that her psychological quality still needs to be strong. She hopes to participate in more competitions and accumulate experience, so as to build her confidence. Kumiko Ogura is always confident, and her spike speed reaches 260 km/h, making her a rare heavy gunner in the Japanese women’s team. Kumiko Ogura likes to entertain foolish ideas at ordinary times, so Reiko Shiota encourages her not to be influenced by others, and to have her own opinions. After they joined Sanyo Electric Company in 2002, they were strongly trained by China’s coach Ding Qiqing, and their level rose rapidly.

　　Their different personalities make them form a good complement on and off the court, and they gradually become the best women’s doubles players in Japan. In 2004, Reiko Shiota/Kumiko Ogura won the Japanese women’s doubles championship for the first time, and qualified for the Athens Olympic Games. Unfortunately, because Kumiko Ogura broke his left little finger before the Olympic Games, they failed to board the flight to Athens.

　　Athens regrets Beijing’s bid for medals

　　When Kumiko Ogura participated in the national competition in the sixth grade, her parents joked that "you can go to the Olympic Games in the future". After she really qualified for the Olympic Games but lost the opportunity, Xiao Yun was very disappointed. She recalled: "It was really frustrating to quit the competition because of injury. After that, I made up my mind to challenge the Beijing Olympic Games four years later. " Reiko Shiota said, "When I was a child, I never thought about the Olympic Games at all, and I didn’t think I had the talent to be an athlete. It was not until Xiao Yun invited me to join Sanyo Electric Company that we began to participate in the Olympic points competition and saw the possibility of participating in the Olympic Games. I want to thank Xiao Yun. Without her, I can’t go to the Olympic Games alone. "

　　At the 2004 Athens Olympic Games, Reiko Shiota and Kumiko Ogura were spectators sitting in front of the TV. Kumiko Ogura secretly vowed that she would stand on the Olympic stage one day after seeing "Miss Judo" Gu Liangzi win the first gold medal in Athens Olympic Games for the Japanese team.

　　Since 2005, Reiko Shiota and Kumiko Ogura have stood out in international competitions, and they have spread their dream wings to fly towards the Beijing Olympic Games. In the 2005 Danish Open, they defeated China’s Zhang Yawen/Zhang Dan and England’s Ames/Clogg successively, and won the women’s doubles gold medal in this five-star international competition for the Japanese team.

　　In the 2006 Asian Games in Doha, Reiko Shiota/Kumiko Ogura met China’s Yang Wei/Bonita in the semi-final, and they lost to their opponents after three sets of bitter battles. Despite losing to Yang Wei/Bonita in succession, Reiko Shiota/Kumiko Ogura is making progress. By playing against the players from China, they found out the ball path of Yang Wei/Bonita and improved their confrontation ability. In 2007, they met Yang Wei/Bonita for the sixth time in the quarterfinals of Malaysian Super Tournament, and defeated their opponents for the first time, resulting in a big upset.

　　At the World Championships in August this year, Kumiko Ogura and Reiko Shiota were ranked as the sixth seeds, and they will make it to the semi-finals. In the semi-final, Kumiko Ogura and Reiko Shiota took advantage of the disadvantage of both Gao Kun and Huang Sui, and created a lot of trouble for Gao Kun/.Although they lost the game, they still created their best record in the World Championships.

　　Now, Reiko Shiota/Kumiko Ogura, whose record and appearance are equally outstanding, not only appear in badminton teaching programs of major Japanese TV stations, but also serve as beverage spokespersons, publish photo albums and appear in movies, and even coach Ding Qiqing laments their high popularity. Ding Qiqing said that Reiko Shiota/Kumiko Ogura had a relaxed mentality when they played. They trained five days a week, working in the morning and training in the afternoon. Although there is a big gap with China’s athletes in strength and speed, they still set the goal of winning medals in the Beijing Olympic Games. At present, Reiko Shiota/Kumiko Ogura’s primary goal is to do a good job in the Olympic points competition, enter the top 16 in the world, and ensure the qualification for the Olympic Games.

　　One year before the Beijing Olympic Games, Reiko Shiota/Kumiko Ogura expressed his earnest expectation for the Olympic Games next year in an interview with the Japanese newspaper Asahi Shimbun. Reiko Shiota said: "The Olympic Games four years ago was still a vague dream for me. Now, it is not only a goal, but also something I must accomplish." Kumiko Ogura, on the other hand, said that we must turn the regrets four years ago into the driving force for progress. They believe that they will have a day in dreams may come at the 2008 Olympic Games.

Editor: Shuo Yang

　　Core reading

　　Green finance has great potential in supporting environmental improvement, coping with climate change and saving and efficient use of resources. In recent years, Chongqing has always adhered to the concept of "two mountains", focused on developing green finance, established a "Yangtze River Green Financing" green financial big data integrated service system, promoted a long-term mechanism for the docking of government, banks and enterprises, and built a green development system. With the implementation of innovative reform measures, economic benefits and ecological benefits have gradually become prominent.

　　"The crops in the field are not growing well, and the villagers rely on the mountains to eat mountains and stare at the trees on the mountains." Talking about previous years’ experience, Xie Changlin, a villager from Hongan Village, Lantian Township, Chengkou County, Chongqing, shook his head.

　　Seeing the environment getting worse day by day, the government decided to carry out ecological relocation. But there is no money in hand, how can you move out? After learning the situation, Chongqing Rural Commercial Bank developed a new mode of rural property mortgage financing after investigation, and handled "beautiful countryside Housing Loan" for local farmers. With money, farmers transform and decorate their houses, and some people also open farmhouses to attract summer tourists around them and have a tourist meal at their doorstep.

　　From the declaration and creation in early 2019 to the final approval of the green financial reform and innovation pilot zone in August this year, Chongqing’s green development has continuously taken new steps. By the end of September 2022, the balance of green loans in the city reached 497.233 billion yuan, 2.8 times that of the beginning of 2019, up 40.2% year-on-year, 32.5 percentage points higher than the growth rate of various loans in the city; Green loans accounted for nearly 10% of the balance of various loans, a significant increase of 4.5 percentage points compared with the beginning of 2019; The balance of green bonds exceeded 35.7 billion yuan, 2.7 times that of the beginning of 2019.

　　Look at the benefits &mdash; &mdash;

　　Inclusive effect, green finance and ecological civilization blend and help each other

　　From garbage incineration power generation to sewage treatment, from comprehensive improvement of waterfront coastline to energy-saving and environmental protection transformation, from green transportation industry credit to beautiful countryside housing credit support & HELIP; &hellip; In recent years, green finance has become the key development direction of major banks in Chongqing.

　　Fengdu County, located in the hinterland of the Three Gorges reservoir area, is rich in wind energy resources and attracts many wind power projects. The outstanding characteristics of green projects are long term and low income, especially the need for long-term credit funds. "I didn’t pay much attention to wind power a few years ago. With the development of green finance, banks are now rushing to invest. Green finance means quality assets for our bank. " The relevant person in charge of Chongqing Rural Commercial Bank Company told the reporter.

　　In Lianhuashan Wind Farm in Fengdu County, a fan stands on the rolling hills, and the long fan blades are constantly turning. At the beginning of this year, the third-phase wind power project of Lianhuashan and Wudongyan invested by Chongqing Rural Commercial Bank started construction. It is planned to be connected to the grid for power generation by the end of this year, with a total installed capacity of 80,000 kilowatts and a total investment of 600 million yuan. It is estimated that the annual power generation will be 160 million kWh, which can supply green power energy to 80,000 households every year, save 47,000 tons of standard coal and reduce carbon dioxide emissions by 123,000 tons.

　　"We will persist in developing clean energy and build Fengdu into a &lsquo; Green battery &rsquo; 。” Deng Qinghua, director of the Development and Reform Commission of Fengdu County, told reporters that with the support of green finance, Fengdu will attract investment to introduce a number of clean energy projects, continuously optimize the energy supply structure, and strive to build a clean energy demonstration base in Chongqing by 2035.

　　Look at the practice &mdash; &mdash;

　　Form a mechanism to solve the problem of project identification

　　"It’s hard to imagine that we were still worried about project funds last year." Standing in the ecological tea garden in Dingshi Town, Youyang Tujia and Miao Autonomous County, Luo Li, the project leader, was filled with emotion. In April, 2021, the project was still in the stage of development and construction, with a large initial investment, and "poor money" became an insurmountable hurdle. Just when there was nothing to do, Chongqing Bank took the initiative to find the door and provided credit support.

　　"Identifying green projects is not an easy job. In the past, several indicators needed to be identified manually, which was very inefficient. " Tian Pan, the account manager of Chongqing Bank, told the reporter, "Now there is &lsquo; Yangtze River Lvrongtong &rsquo; The system can automatically calculate the environmental benefits of the project, and the efficiency is greatly improved. The ecological tea garden project was pushed to us by the system. "

　　The "Yangtze River Green Financing" in Tian Pankou is a green financial big data comprehensive service system created by Chongqing Business Management Department of China People’s Bank. "We work with the Municipal Development and Reform Commission and the Municipal Bureau of Ecology and Environment to formulate the evaluation criteria for green projects (enterprises). Based on this, we embed the intelligent identification function of green financial standards in the system and release the identified green financing demand information to financial institutions in a timely manner." Han Xintao, deputy director of the Financial Research Department of Chongqing Business Management Department of China People’s Bank, told the reporter, "With this system, in the past, enterprises were looking for banks, and now banks are looking for enterprises."

　　At present, the "Yangtze River Green Financing" system has been connected to all branches under the jurisdiction of Chongqing Business Management Department of the People’s Bank of China and some district and county governments, and connected to nearly 100 financial institutions, helping the city to form a long-term mechanism of "government recommended projects+green smart identification+system push projects+independent docking of banks". By the end of September, 2022, the system had collected and launched 1,860 green projects (enterprises) at the municipal, district and county levels, among which nearly 1,000 projects were successfully connected with banks.

　　Look at development &mdash; &mdash;

　　Transformation and upgrading, building a green development system

　　"I didn’t expect that pollution rights can also be loaned, and the interest rate is more favorable than general loans." After successfully obtaining the pledge loan of 100 million yuan from Chongqing Bank for emission rights, the relevant person in charge of Chongqing International Composite Materials Co., Ltd. (hereinafter referred to as "International Composite Materials") could not help feeling.

　　International composite materials is a "green factory" in the glass fiber industry assessed by the Ministry of Industry and Information Technology. By introducing advanced waste treatment technologies at home and abroad, pollutants are effectively controlled. After learning that the enterprise has the capital demand to expand the scale of production and operation, the credit staff of Chongqing Bank took the initiative to come to the door to match the emission pledge loan product, which changed the emission right of the enterprise from a "sleeping asset" to a "flowing fund", promoted the enterprise’s energy conservation and emission reduction, and helped improve the ecological environment.

　　"The specific connotation of green finance in different regions should be combined with the actual situation of local industries." Huang Yingjun, a professor at the School of Economics and Business Administration of Chongqing University, believes that "Chongqing is one of the six old industrial bases in China, facing the pressure of transformation and upgrading of traditional industries, and always emphasizes promoting the coordinated development of green industries and green finance."

　　In recent years, Chongqing has made great efforts to innovate mechanisms to promote financial institutions to accelerate the "low-carbon" allocation of financial resources, promote the rapid growth of the scale of green finance, and help the real economy accelerate the green transformation.

　　Relying on self-regulatory organizations in the financial industry, Chongqing advocates financial institutions to disclose environmental information from the perspectives of green financial development plan, green loan investment and carbon emission reduction generated by loans. In 2022, 75 financial institutions in the city disclosed the annual environmental information in 2021, among which 30 institutions added green project loans in 2021 with an average carbon emission reduction of 489,800 tons. At the same time, the data of green loans, green bonds, green financial leases and green bills of financial institutions are collected monthly, and a green performance evaluation table is generated according to the requirements of the Green Finance Evaluation Plan for Banking Financial Institutions of the People’s Bank of China, which is included in the rating of financial institutions of the central bank, and a total of 2 billion yuan of "green easy loans" and 5 billion yuan of "green ticket pass" rediscount tools are provided to encourage them to increase capital investment in green projects.

　　A steady stream of financial living water is constantly helping Chongqing’s industrial transformation and upgrading &mdash; &mdash; In Chongqing Liangjiang New District, relying on the mature automobile industry system with an annual output of nearly one million units, explore the development of automobile green supply chain finance; In Nan ‘an District, Guangyang Island Zhichuang Eco-city will carry out the construction of financial support zero-carbon demonstration zone; In Wanzhou District, carry out the product innovation of financial support for ecological agriculture and recreational tourism &hellip; &hellip;

　　"In the future, Chongqing will continue to promote supply-side structural reforms and upgrade traditional manufacturing industries. Green transformation is imperative and green finance has a broad space for development." Huang Yingjun told reporters.

　　The results of a "Top Ten Women" selection in France recently came out. Rashida Datti, the beautiful minister of justice who will be kicked out of the cabinet by President Sarkozy, topped the list, while Bruni, the "first lady", could hardly compete with her, with only the eighth place.

　　Beauty minister is in the limelight.

　　According to the report, the best women in France obviously have considerable international influence, and most of the selected figures are well-known, including veteran movie stars brigitte bardot and catherine deneuve.

　　The 43-year-old Rashida Datti has always had a high-profile image as a "Dior-wearing female attorney general", and a series of recent storms, including her "deeds" such as returning to work five days after giving birth to a daughter and announcing that she will resign in June this year under the pressure of President Sarkozy, have kept her quite high exposure.

　　The report said that the French voted Datti as the "best woman" not only because of her fashion, beauty and sexy image, but also because of her toughness, independence and vitality in her political career. French feminist historian Florence Montereno commented on her, "Rashida Datti is full of ambition, determination and activity", which made her vote rate as high as 26%.

　　The top ten are almost all mature women.

　　It is rumored in French tabloids that Bruni, the "first lady", is very concerned about the close relationship between Datti and Sarkozy. It is even reported that Sarkozy made the decision to kick Datti out of the cabinet at Bruni’s behest. However, Bruni, who was born as a supermodel, was much inferior to Datti in this selection. With 16% of the votes, she not only failed in the top three, but also ranked eighth. However, this may have something to do with Bruni’s birthplace in Italy. Bruni became a French citizen after her "flash marriage" with Sarkozy last year.

　　It is reported that the "Top Ten Women" in France are generally older, and the only one in the top ten who is under 40 years old is another beauty in Sarkozy’s cabinet-French Minister of Human Rights Rama Yade.

　　France’s "Top Ten Women" list:

1. Rashida Datti, 43, French Minister of Justice.

2. Sophie Marceau, 42 years old, is a French movie star.

3. Claire Hazare, 52, news anchor Claire and her husband Couthures (photo).