"A total of ‘ Fu ’ In the future, welcome ‘ Ning ’ Come. " On the morning of May 19th, the 22nd May 18th Economic and Trade Fair in Funing, Yancheng was held as scheduled. More than 200 entrepreneurs and friends from all over the country attended the opening ceremony through on-site participation and "cloud attendance" to talk about the future prospects and discuss cooperation matters. At the meeting, a total of 25 industrial investment projects were signed, with a planned investment of 13.04 billion yuan, covering new energy, electronic information, environmental protection new materials, intelligent manufacturing and other fields.

　　"This year’s May 18th is an event of special significance in a special year and period and in a special form. This activity has carried the persistent persistence of the 22 nd session in rain or shine. For more than 20 years, we have insisted on ‘ Strong industries and projects are king ’ Our orientation has never wavered, and our initial intention of walking hand in hand with the vast number of merchants and seeking common development has never changed. " Zhang Lihua, secretary of Funing County Party Committee, said frankly in his speech that the event was held as scheduled, which not only benefited from the overall improvement of the epidemic prevention and control situation, but also benefited from the solid results of Funing’s overall planning of epidemic prevention and control and economic and social development. Even in the most tense stage of epidemic prevention and control, Funing still insists on continuous investment attraction, uninterrupted project construction and unimpeded enterprise production. At present, all the 304 regulated enterprises in the county have resumed production. From January to April, the increase of regulated industrial added value and industrial electricity consumption has always been in the top three in Yancheng, which has truly guaranteed "opening up" with "defense".

　　In recent years, Funing has actively rushed to the new track of industrial development under the background of "double carbon", focusing on the three leading industries of new energy, electronic information and new fiber materials, and accelerating the construction of a green industrial system. At present, the wind power equipment industry has gathered well-known enterprises in industries such as Sinoma, Shangwei and Guochang Wind Power, and formed an industrial chain mainly producing components such as pre-woven cloth for blades, pultruded carbon plates, resin, wind power blades, towers, flanges, bearings, bolts, steel piles, stator rotors, etc. The photovoltaic industry, led by enterprises such as GCL and Artes, has formed a whole industrial chain of silicon wafers, batteries, components, diamond wires and photovoltaic power stations. Although we were unable to visit the event site due to the epidemic and other factors, many new and old merchants talked about the feelings of investing in Funing through video. "As a businessman who participated in the May 18th activities of the 22nd session of Funing, I witnessed the economic, efficient and pragmatic development of all aspects of investment attraction in Funing. In terms of investment promotion policy, it is consistent, continuous, efficient and pragmatic, which has achieved the golden signboard of honesty and Funing, and realized the vision of foreign merchants choosing Funing, investing in Funing, and creating a win-win and common development with Suining. " As the first merchant who settled in Funing on May 18th, Zhang Zhongquan, chairman of Jiangsu Huanghe Industrial Investment and Development Group Co., Ltd. said.

　　Zhang Wentao, president of Saideli Group, also praised Funing’s business environment: "The settlement of Saideli project made us deeply realize ‘ Fu ’ Easy to handle, ‘ Ning ’ Rest assured that the pro-business temperature of business cards. The Suining County Party Committee and the county government insist on refined and excellent enterprise services, and truly regard the enterprise’s affairs as their own business, that is, knowing what to do and saying what to do, so that we can truly feel the business environment of Suining with high starting point, high efficiency and high level of success. We will help Suining to build a characteristic 10 billion-level new fiber material industry cluster. "

　　At the event site, Funing County signed a friendly cooperation agreement with Changshu City, and a number of major industrial projects and supply chain projects were also signed intensively. During the event, Funing also held a series of activities, such as special promotion of towns and villages, special promotion of agricultural tourism and the first Funing Cultural Tourism Consumption Festival in 2022, to realize online and offline interaction, economic, trade, cultural and tourism interaction. In the vast land of Funing, a new picture of "Fu Ming Shui Xiu Wu Fu Min Ning" with more shape, more temperature and more texture is slowly extending.

　　(Source: Jiangsu Radio and Television Yancheng Central Station/Shen Chunliang Correspondent/Hu Chunyu Shen Hongyu Photography/Gu Jian Editor/Su Yue)

　　Headed by a hundred years, the four seasons spring is the first. Spring Festival travel rush is a huge "migration" of hundreds of millions of people, a hearty gathering, and also the power output of transportation with the greatest energy, and the railway is the first choice for travel. To this end, the railway people’s persistence has become a mission, and it has been running through Spring Festival travel rush for 40 days, and the "Great China Territory" carrying the flow of mountains and rivers of the motherland is unimpeded.

　　Spring Festival travel rush, let every guardian embark on a journey with a sense of mission. There are smiling faces where you can see them, and there are silent dedication behind the scenes, and they persist in hard struggle. In the cold wind, they climb mountains and wading to illuminate the way home for you; In the middle of the night, they burn the midnight oil to provide inexhaustible kinetic energy for railway transportation; In the mountains, they fought against the wind and snow, sticking to their posts; At the small station, they are lonely and send and receive trains on time; High in the air, they are bold and cautious, tightening the strings in their hands. The two rails extend to the direction of our home, which is also the direction of their struggle.

　　Persistence is a kind of responsibility and courage to take responsibility. From day to night, railway people, accompanied by stars and rails, practice their initial intention and mission of serving the people with their persistence, and show the responsibility and responsibility of the iron shoulders in the new era with youth. Sticking to one’s post has become the most beautiful scene in Spring Festival travel rush, and writing a new story about Spring Festival travel rush, a railway man.

　　Persistence is a kind of spirit and conveys feelings. Among the adherents on Spring Festival travel rush Road, there are many "husband and wife stalls" and "father and son soldiers" who stick together. They are like relay races, passing on their dedication and showing their simple feelings of home and country in their ordinary posts. Spring Festival travel rush culture has become a cultural gene shared by railway people from generation to generation in the changes of the times, leaving a distinct brand of continuous inheritance.

　　Going home is a kind of inheritance. Spring Festival travel rush is also a kind of inheritance. One deed is worth a thousand words. "Small family loves big", and father and son are United, which is a "common partner" on the front of Spring Festival travel rush, and it is also the inheritance and persistence of the spirit of railway people. Spring Festival travel rush is a big test and an eternal complex. It is its responsibility to protect people’s lives and property, to serve the overall stability of society, and to defend the soil and do its duty.

　　I saw a beauty of giving up my family and serving everyone. All of them have profound educational significance for the Chinese people. It is always worth remembering! Spring Festival travel rush, a time that needs to be interpreted by struggle. On the way home for thousands of tourists, persistence is their enterprising struggle, adhering to the development thought of "people-centered", burying their thoughts in their hearts and interpreting their responsibilities with persistence.

　　A hundred years is the first, and everything starts well! Firmness is a kind of standing, and defense is a kind of responsibility. Hold Spring Festival travel rush’s baton, continue to inherit the railway spirit of our predecessors, assume the responsibility and responsibility of railway people in the new era, and jointly protect every Spring Festival travel rush for the rest of his life. Continuing Spring Festival travel rush’s cultural ties and the blood of civilization, and inheriting the confidence of China culture on the long road to Spring Festival travel rush’s hometown, we savor the fragrance of our homeland and the local accent in our ears, feel the endless mystery of Spring Festival travel rush culture, and weave and draw a warm picture that touches China with persistence and inheritance. (Text/Golden Water)

family reunion dinner on the lunar New Year’s Eve

It is the highlight before the New Year every year.

A variety of dishes

It contains people’s concern for happy reunion.

And the expectation of a better life.

There is still about a week before the Spring Festival in the Year of the Loong.

New Year’s Eve reservations are in full swing.

The reporter was informed by an interview

Major hotels and restaurants are in succession.

Open the dinner reservation.

Some restaurants also present

"One table is hard to find" scene

Reservation for New Year’s Eve dinner is "hard to find a table"

"Can I still book the New Year’s Eve box?" Recently, Ms. Shen came to this seafood-themed restaurant in Gangxia District, Futian, Shenzhen to make a reservation. After the waiter inquired, he said that the dinner on New Year’s Eve, 112 storefronts and 30 independent private rooms were all fully booked.

Yang Xiao, general manager of a seafood theme restaurant in Shenzhen, told the reporter, "The New Year’s Eve, the first day of the first month and the second day of the first month are the peak days for eating. In addition to Shenzhen locals, there are also many tourists from Hong Kong and other provinces who booked this year, which is almost twice as many as last year."

In Nanshan, a traditional old Cantonese restaurant in Shenzhen, in order to meet the needs of more customers, the hotel set a three-round platform turning time slot on the night of the 30 th of the year. As of press time, only the third round of platform turning can be reserved.

In addition to having New Year’s Eve dinner, many citizens choose to have dinner at the wrong peak, and book a restaurant to have dinner with family and friends before New Year’s Eve. When the reporter tried to book a number of restaurants in Futian by phone, he learned that almost all restaurants and private rooms from weekends to Chinese New Year were fully booked, and many restaurants said, "You can only queue up at the scene." Not only is the New Year’s Eve dinner "a table is hard to find", but also the dinner is very hot near the Spring Festival.

In addition, compared with usual, the price of the New Year’s Eve dinner package will be relatively higher. A Cantonese restaurant in Shenzhen has launched a set meal for 10 people in various combinations this year, with prices ranging from 4,500 yuan to 5,400 yuan. Public comments show that the average consumption of the store is around 200-300 yuan.

In the naming of set meals and dishes, catering businesses have also put a lot of thought into highlighting the festive atmosphere of the New Year’s Eve, and incorporated "the Year of the Loong elements", such as "Fucai Xianglong", "Dragon and Phoenix Chengxiang", "Longteng Xiangrui" and "Long Xing Universiade" to create a full-year flavor.

"Book the next year’s dinner after eating."

On social platforms, many netizens shared their process of booking New Year’s Eve dinner, "I ran several times before booking a box", and "some people queued up after 6 o’clock". Some netizens commented, "It’s still very good to book it now." "Most hotels are basically booked as long as they open the New Year’s Eve."

Netizens have said that it is necessary to book the New Year’s Eve dinner as early as possible. "We all book the New Year’s Eve dinner for the next year just after eating this year." "Some popular restaurants have to book after the National Day at the latest, and even the lobby is gone if it is later."

Online data also proves that the catering market is hot. Since January, public comment netizens have paid great attention to the "dinner reservation".

According to the take-away data of the US Mission, the search volume of "Shenzhen New Year’s Eve Reservation" increased by 8 times compared with the same period of last year. Among them, Baoan District, Longgang District, Nanshan District, Futian District and Longhua District are the top five regions in terms of consumption scale.

Some catering merchants have launched low-discount New Year’s Eve dinner, reunion dinner and other store packages through platforms such as Meituan and public comment, so as to lock in the dining needs of citizens and tourists during the Spring Festival in advance. According to reports, in the past week, the number of catering merchants in Shenzhen who launched the "New Year’s Eve" theme meal package in the US Mission increased by over 110% from the previous week.

Catering consumption may continue to pick up in 2024.

According to reports, the end of the year and the beginning of the year are important observation points for catering consumption. Experts pointed out that the popularity of New Year’s Eve reservations also reflects the increased consumer confidence and the overall recovery of the catering industry.

Yang Xiao, general manager of a seafood restaurant in Shenzhen, said, "Compared with weekdays, our stocking volume during the Spring Festival increased by 40%-50% to cope with the peak passenger flow. For example, the daily stocking of Rocky Shrimp is only about 200 kg, the daily stocking during the Spring Festival is 400-500 kg, the daily stocking of oysters is about 1,300, and 1,600-1,800 are prepared during the Spring Festival. "

Hou Lijie, secretary-general of Shenzhen Cuisine Association, said that with the change of consumer demand, the dining scene, acquisition method and dish form of New Year’s Eve dinner have become more and more yuan, and consumers have higher requirements for the quality of dishes, freshness of ingredients and cooking techniques, and pay more attention to cost performance.

"With the iteration of consumers and the richness of dining scenes, hotels and well-known restaurants can launch home delivery service for New Year’s Eve. In terms of on-site kitchen service, we have trained more relevant practitioners to bring higher-skilled and higher-standard kitchen substitutes to the market, and formulated the standards of’ annual dishes’ in various regions to meet the needs of consumers for better quality New Year’s Eve. " Hou Lijie said.

Original title: "Shenzhen New Year’s Eve Reservation" "

Read the original text

() The business review of the Board of Directors in the first half of 2023 is as follows:

　　First, the overall operating situation analysis

In the first half of 2023, the Group conscientiously implemented various national decision-making arrangements and regulatory requirements, adhered to the market positioning of "serving agriculture, rural areas and farmers", serving small and medium-sized enterprises and serving the county economy ",practiced the strategy of" establishing retail businesses, prospering businesses through science and technology, and forcing talents ",deepened the development system of" integrated four-wheel drive "and made every effort to do a good job of" increasing income, preventing risks, optimizing structure and grasping transformation " The total assets were 1,438.351 billion yuan, up 86.490 billion yuan from the end of last year, the balance of deposits was 902.482 billion yuan, up 77.535 billion yuan from the end of last year, and the balance of loans was 673.736 billion yuan, up 41.059 billion yuan from the end of last year. The scale of assets, deposits and loans ranks first in Chongqing. The profit index grew steadily, achieving a net profit of 7.121 billion yuan, a year-on-year increase of 624 million yuan. The asset quality remained stable, and the non-performing loan ratio was 1.21%, down 0.01 percentage point from the end of last year. The provision coverage ratio is 350.87%, the capital adequacy ratio is 15.30%, and the core tier-one capital adequacy ratio is 12.86%, which has strong risk resistance. Ranked 115th in the list of "Top 1,000 Global Banks in 2023" published by Banker magazine, ranked 22nd among the listed banks in China, and ranked first among the national rural commercial banks and central and western banks.

The level of serving the real economy has been continuously improved. Actively meet major strategic opportunities, provide diversified services such as credit, bonds, investment banking, gold rent, wealth management, and support 141 major projects and municipal key projects in Chengdu-Chongqing area, with a credit amount of 108.421 billion yuan and a loan balance of 21.681 billion yuan. Focus on the construction of new land and sea channels in the west, and use special products such as land and sea new channel loans to support the financing balance of foreign trade enterprises along the line of 10.566 billion yuan. The "two increases and two controls" reached the standard in time, and the balance of inclusive small and micro loans was 125.211 billion yuan, an increase of 12.173 billion yuan over the end of last year. The county market continued to be deeply cultivated, and the balance of agricultural loans was 227.289 billion yuan, an increase of 11.664 billion yuan over the end of last year. Constantly enriching the green financial system, it has been included in the scope of financial institutions supporting carbon emission reduction by the People’s Bank of China, with a green credit balance of 57.642 billion yuan.

The effectiveness of digital transformation is constantly emerging. In-depth implementation of digital Chongqing construction and deployment, start digital transformation strategic planning consultation, actively introduce external data sources, and strengthen financial technology innovation and empowerment. Accelerate the layout of digital villages, build a rural revitalization financial service management platform, strengthen the application of special services such as "dialect bank" and "air counter", and make new highlights in government affairs and people’s livelihood services. Formulate R&D technical specifications, build an independent and controllable unified R&D platform, and the digital risk control system is becoming more and more complete. Iterative optimization of online products, integration to create a digital product system "Chongqing Quick Loan+",the balance of online loans was 145.598 billion yuan, and the number of mobile banking users exceeded 14 million, continuously improving service efficiency and customer experience.

Second, the financial review

(A) Analysis of income statement

In the first half of 2023, the Group achieved operating income of 14.866 billion yuan, a year-on-year decrease of 464 million yuan or 3.03%; The net profit was 7.121 billion yuan, an increase of 624 million yuan or 9.61%. After deducting non-recurring gains and losses, the net profit attributable to shareholders of the Bank was 6.799 billion yuan, an increase of 489 million yuan or 7.75%.

1. Net interest income

In the first half of 2023, the net interest income was 12.044 billion yuan, a year-on-year decrease of 747 million yuan or 5.84%. Among them, loan interest income accounted for 58.31% of interest income, up 0.88 percentage points year-on-year.

(1) Net interest margin and net interest rate of return

In the first half of 2023, the Group’s net profit margin was 1.70%, down 21 basis points year-on-year; The net interest rate of return was 1.79%, down 24 basis points year-on-year. From the asset side, on the one hand, LPR continues to be lowered, and the capital market interest rate is lower; On the other hand, the Group reduced fees and profits, effectively reduced the financing costs of enterprises, and the return on assets declined. From the debt side, the Group strengthened the control of deposit cost and effectively reduced the debt financing cost.

Net interest income decreased by 747 million yuan year-on-year, mainly due to the increase of 985 million yuan driven by the change of average balance of assets and liabilities, and the decrease of 1.731 billion yuan affected by the change of average yield and cost rate.

2. Non-interest net income

In the first half of 2023, the Group’s net non-interest income was 2.822 billion yuan, up by 283 million yuan or 11.16% year-on-year, accounting for 18.98% of its operating income, up by 2.42 percentage points year-on-year.

(1) Net fee and commission income

In the first half of 2023, the Group’s net fee and commission income was 992 million yuan, a year-on-year decrease of 47 million yuan or 4.49%. The net fee and commission income accounted for 6.68% of the operating income.

The commission for agency and entrusted business was RMB426 million, up RMB80 million year-on-year, mainly due to the Group’s better growth in product marketing, consignment insurance and other agency business.

Bank card fee income was RMB286 million, up RMB129 million year-on-year, mainly due to the growth of the Group’s merchant business.

The settlement and clearing fee income was 84 million yuan, up 15 million yuan year-on-year, mainly due to the increase in online channel payment fee income.

Other fees and commission income was 326 million yuan, a year-on-year decrease of 38 million yuan, mainly due to the decrease in the lending rate of market bonds.

(2) Other non-interest net income

In the first half of 2023, the Group realized other non-interest income of 1.830 billion yuan, an increase of 330 million yuan year-on-year, with an increase of 21.99%, mainly due to the increase in income from changes in fair value.

Investment income was 1.073 billion yuan, a year-on-year decrease of 206 million yuan, mainly due to the decrease in investment income of trading financial assets.

The net gain from changes in fair value was RMB430 million, up RMB421 million year-on-year, mainly due to the Group’s enhanced market research and rational allocation of trading assets.

The net exchange income was RMB 41 million, a year-on-year decrease of RMB 13 million, mainly due to the decrease in exchange gains and losses of foreign exchange-related businesses caused by exchange rate fluctuations.

The income from asset disposal was RMB 03 million, a year-on-year decrease of RMB 03 million, mainly due to the decrease in the income from the disposal of fixed assets.

Other income was 243 million yuan, an increase of 125 million yuan year-on-year, mainly due to the increase in incentive funds for enjoying the central bank’s policy of supporting small and micro loans.

The income from other businesses was RMB 40 million, an increase of RMB 05 million year-on-year, which remained basically stable.

3. Taxes and surcharges

Taxes and surcharges are mainly related to loans (interest income), securities transfer and income generated by other financial products and services.

In the first half of 2023, taxes and surcharges were 147 million yuan, an increase of 03 million yuan year-on-year, which remained basically stable.

4. Business and management fees

In the first half of 2023, the Group’s business and management fees amounted to 4.639 billion yuan, an increase of 483 million yuan or 11.63%.

The cost-income ratio was 31.20%, up 4.09 percentage points year-on-year.

(1) Staff cost

In the first half of 2023, the staff cost was 2.911 billion yuan, a year-on-year increase of 208 million yuan, mainly due to the increase in staff costs.

(2) Depreciation and amortization

In the first half of 2023, depreciation and amortization amounted to 387 million yuan, a year-on-year decrease of 07 million yuan, which remained basically stable.

(3) Other general and administrative expenses

In the first half of 2023, other general and administrative expenses were 1.34 billion yuan, an increase of 282 million yuan year-on-year, mainly due to the increase in business promotion fees related to business development.

5. Other business costs

In the first half of 2023, the cost of other businesses of the Group was RMB 21 million, an increase of RMB 04 million year-on-year, mainly due to the increase in the operating lease cost of the Group’s operating lease business.

6. Impairment loss

The impairment loss of loans and advances from customers decreased by RMB2.661 billion year-on-year, mainly due to the steady improvement of the Group’s asset quality, and at the same time, the collection and disposal of written-off assets were intensified. In the first half of the year, 1.525 billion yuan of loans written off in the previous period were recovered, which led to the write-back of impairment reserves, so the credit impairment loss in the current period decreased significantly year-on-year. The impairment loss of financial investment increased by RMB694 million year-on-year, and other impairment losses increased by RMB192 million year-on-year, mainly because the Group made forward-looking provision for impairment based on the principle of prudence.

7. Net non-operating income and expenditure

In the first half of 2023, the Group’s net non-operating income and expenditure was RMB 04 million, mainly due to the decrease of the Group’s public welfare donation expenditure.

8. Income tax expenses

In the first half of 2023, the income tax expense was 1.097 billion yuan, a year-on-year increase of 231 million yuan. The actual income tax rate was 13.35%, which was lower than the statutory tax rate of 25%, mainly because the Group continued to optimize its business investment structure on the basis of balancing risks and benefits, and held some statutory tax-free government bonds and local government bonds, thus reducing the actual income tax rate.

(B) Balance sheet analysis

1. Assets

By the end of June 2023, the Group’s total assets were 1,438.351 billion yuan, an increase of 86.490 billion yuan or 6.40% compared with the end of last year.

The book balance of customer loans and advances was 673.736 billion yuan, an increase of 41.059 billion yuan or 6.49% compared with the end of last year. It accounted for 46.84% of the total assets, up 0.04 percentage points from the end of last year. Focusing on the strategic orientation of "establishing a retail bank", the Group increased the credit supply of consumer loans. Help rural revitalization and deepen the practice of inclusive finance. Serve major strategies such as the twin-city economic circle in Chengdu and Chongqing, build a green financial system, and increase support for advanced manufacturing and people’s livelihood.

Financial investment was 614.143 billion yuan, an increase of 41.160 billion yuan or 7.18% compared with the end of last year. The Group continued to increase investment in standardized products, at the same time, continuously enriched the variety of investable products and continuously optimized the allocation strategy. Trading financial assets amounted to 104.147 billion yuan, an increase of 38.311 billion yuan or 58.19% compared with the end of last year, mainly due to the increase in interbank deposit receipt investment. Debt investment was 376.326 billion yuan, a decrease of 24.816 billion yuan or 6.19% compared with the end of last year. Investment in other creditor’s rights was 132.517 billion yuan, an increase of 27.144 billion yuan or 25.76% compared with the end of last year. Investment in other equity instruments was RMB1.154 billion, an increase of RMB521 million or 82.41% compared with the end of last year, mainly due to the increase in investment in other equity instruments received by the Group.

The total amount of cash and deposits with the central bank was 56.968 billion yuan, an increase of 4.074 billion yuan or 7.70% compared with the end of last year, mainly due to the large growth of the Group’s deposits and the corresponding increase in the reserves deposited with the central bank.

The amount of interbank deposits and loans was RMB100.873 billion, an increase of RMB6.206 billion or 6.56% compared with the end of last year, mainly due to the Group’s increased scale of interbank deposits and loans.

Financial assets bought and resold amounted to RMB2.537 billion, a decrease of RMB5.920 billion or 70.00% compared with the end of last year, mainly because the Group reduced the scale of financial assets bought and resold in consideration of liquidity management needs.

(1) Customer loans and advances

As of the end of June 2023, the book balance of the Group’s customer loans and advances was RMB673.736 billion, an increase of RMB41.059 billion or 6.49% compared with the end of last year.

The company’s loans and advances totaled 326.383 billion yuan, an increase of 27.696 billion yuan or 9.27% compared with the end of last year. Among them, short-term loans increased by 635 million yuan and medium-and long-term loans increased by 27.061 billion yuan. The Group helped rural revitalization and increased support in rural tourism, grain industry chain and other fields; Optimize the credit scheme, promote the construction of green finance, and increase the credit supply of emerging industries such as new energy and advanced materials.

Retail loans and advances totaled 295.107 billion yuan, an increase of 12.337 billion yuan or 4.36% over the end of last year. The Group continued to vigorously develop the retail loan business of inclusive finance and consumer finance.

Among them, the total amount of personal mortgage loans was 94.847 billion yuan, a decrease of 2.119 billion yuan or 2.18% from the end of last year.

On the premise of meeting the regulatory requirements, the Group focuses on supporting the reasonable financing needs of residents’ self-occupied houses.

The loans for individual business and re-employment totaled 112.384 billion yuan, an increase of 10.504 billion yuan or 10.31% compared with the end of last year. The Group built a one-stop online financing platform, integrated the advantages of offline channels, boosted the development of personal loan business, and continuously enhanced the advantages of inclusive finance.

Other loans totaled 87.876 billion yuan, an increase of 3.952 billion yuan or 4.71% over the end of last year. The Group optimized its marketing model, improved product adaptability and promoted the development of consumer finance.

The discounted bills were 52.246 billion yuan, an increase of 1.026 billion yuan or 2.00% over the end of last year. The Group increased its support for the short-term financing needs of enterprises.

In the first half of 2023, the Group closely followed the major national and local strategic plans, and made great efforts to serve local economic development and help infrastructure construction projects. By the end of June, 2023, the loan balances of the top three corporate loans of the Group (namely, leasing and business services, water conservancy, environment and public facilities management and manufacturing) were 82.685 billion yuan, 76.465 billion yuan and 64.432 billion yuan respectively, accounting for 12.27%, 11.35% and 9.56% of the total loans and advances of the Group respectively.

(2) Financial investment

By the end of June 2023, the total financial investment was 614.143 billion yuan, an increase of 41.160 billion yuan or 7.18% compared with the end of last year. The Group continued to strengthen market research and actively optimized its investment structure according to market changes.

In the first half of 2023, the Group continued to optimize its financial investment structure, with a total bond investment of 484.295 billion yuan, an increase of 15.606 billion yuan or 3.33% compared with the end of last year.

Step 2 Liabilities

By the end of June 2023, the Group’s total liabilities amounted to RMB1,318.618 billion, an increase of RMB81.773 billion or 6.61% over the end of last year. Customer deposits are the core source of liabilities of the Group, with an increase of 77.535 billion yuan or 9.40% compared with the end of last year; Inter-bank deposits and loans increased by 9.533 billion yuan or 10.19% compared with the end of last year; Issued debt securities decreased by 25.763 billion yuan or 15.06% compared with the end of last year; The amount of financial assets sold and repurchased increased by 11.526 billion yuan, or 27.14%, compared with the end of last year, mainly because the Group adjusted its debt structure according to market conditions; Borrowing from the central bank increased by 7.354 billion yuan, or 8.51%, compared with the end of last year, mainly by actively using the central bank’s monetary instruments and increasing the central bank’s special funds such as supporting agriculture and supporting small loans.

(1) Customer deposits

In the first half of 2023, the Group relied on its channel and retail advantages, and its customer deposits grew steadily. By the end of June 2023, the total customer deposits were 902.482 billion yuan, an increase of 77.535 billion yuan or 9.40% over the end of last year.

From the perspective of customer structure, the company’s deposits were 151.318 billion yuan, an increase of 10.236 billion yuan or 7.26% compared with the end of last year; Personal deposits amounted to 741.462 billion yuan, an increase of 64.111 billion yuan or 9.46% compared with the end of last year, and its proportion in total customer deposits further increased by 0.05 percentage point compared with the end of last year.

From the perspective of term structure, demand deposits were 235.927 billion yuan, a decrease of 14.824 billion yuan or 5.91% compared with the end of last year, accounting for 26.14% of the total customer deposits; Time deposits amounted to 656.853 billion yuan, an increase of 89.171 billion yuan or 15.71% compared with the end of last year, accounting for 72.79% of the total customer deposits.

4. Off-balance sheet items

By the end of June 2023, the off-balance sheet items of the Group mainly included unused credit card lines, acceptance bills, letters of guarantee and letters of credit, with balances of 26.381 billion yuan, 13.059 billion yuan, 1.498 billion yuan and 2.676 billion yuan respectively; The capital expenditure commitments that have been approved but not yet shown on the balance sheet are all approved contracts that have not been signed or fulfilled, amounting to 505 million yuan; Operating lease commitments not included in the measurement of lease liabilities are not significant.

(C) Analysis of cash flow statement

The net cash inflow from operating activities was 20.041 billion yuan. Among them, the cash inflow was 127.686 billion yuan, an increase of 7.764 billion yuan year-on-year, mainly due to the net increase in customer deposits and interbank deposits; The cash outflow was 107.644 billion yuan, a year-on-year increase of 52.215 billion yuan, mainly due to the year-on-year increase in the net increase in financial assets held for trading purposes.

The net cash inflow from investment activities was 6.697 billion yuan. Among them, the cash inflow was 172.348 billion yuan, an increase of 22.682 billion yuan year-on-year, mainly due to the increase in cash received from investment recovery; The cash outflow was 165.651 billion yuan, an increase of 6.842 billion yuan year-on-year, mainly due to the increase in cash paid for investment.

The net cash outflow from fund-raising activities was 30.858 billion yuan. Among them, the cash inflow was RMB113.627 billion, up RMB5.941 billion year-on-year, mainly due to the increase in cash received by the Group in issuing bonds; The cash outflow was 144.486 billion yuan, a year-on-year decrease of 16.673 billion yuan, mainly due to the decrease in cash paid to repay bonds.

(D) Analysis of loan quality

1. Five-level classification of loans

In the first half of 2023, the Group adhered to the bottom line thinking, strictly controlled substantive risks, implemented dynamic classified management, timely collected and disposed non-performing assets, and comprehensively consolidated asset quality. By the end of June, 2023, the balance of non-performing loans of the Group was 8.144 billion yuan, an increase of 427 million yuan compared with the end of last year; The non-performing loan ratio was 1.21%, down 0.01 percentage point from the end of last year, of which the balance of non-performing loans in the main city accounted for 54.70% and that in the county accounted for 45.30%.

2. Loan concentration

(1) Industry concentration and distribution of non-performing loans

In the first half of 2023, the Group fully studied the regulatory policies, strictly implemented the credit investment guidelines, strictly controlled the credit access, and strengthened the monitoring of customers in key areas and key industries. With the gradual economic recovery in the first half of 2023, the balance and non-performing rate of corporate non-performing loans of the Group continued to show a "double decline" trend, and the asset quality continued to improve; The balance of retail non-performing loans has increased, mainly because the operating income of some individual industrial and commercial households and other customers has not been effectively restored, and the solvency is insufficient. The Group classified management according to material risks, and the growth rate of retail non-performing loans decreased year-on-year, and the asset quality remained stable.

(2) borrower concentration

At the end of June 2023, the total loans of the largest single borrower of the Group accounted for 3.83% of the net capital, and the total loans of the top ten customers accounted for 23.28% of the net capital. By the end of June 2023, the loans of the top ten single borrowers of the Group were all non-performing loans.

Third, the main business discussion and analysis

(1) Retail business

Adhering to the development concept of "customer-centered", the Bank strengthened product innovation, built a customer value-added rights and interests system and enriched customer rights and interests around "customer acquisition and drainage, customer viscosity, and excellent customer efficiency". Efforts will be made to promote the promotion of merchant business, optimize the card environment, and accelerate the construction of the BBC financial ecosystem. Maintain the determination of transformation and upgrading, further deepen the retail market, and steadily push the retail business to a new level.

1. Personal deposit and loan business

The increase in personal deposits has reached a new high. We will continue to build a classified management system of "functional, characteristic and scene-based" products, optimize the deposit structure, tap the deposit potential and contribution of key customer groups, create characteristic deposit products and activities, enhance the sense of customer exclusivity, and inject strong momentum into precision marketing. By the end of June 2023, the balance of personal deposits of the Group was 741.462 billion yuan, an increase of 64.111 billion yuan or 9.46% compared with the end of last year, and the total amount of personal deposits and incremental market share remained the first in Chongqing.

The scale of consumer loans has steadily increased. Focusing on the strategic orientation of "establishing a retail bank", we continued to increase retail credit. The balance of retail consumer loans (excluding mortgages and third-party joint loans) was 36.205 billion yuan, a net increase of 5.804 billion yuan compared with the end of last year, ranking first in the city in terms of balance and increment. We launched "Chongqing Express Loan and New Citizen Lease Loan", and the acceptance of "transfer with mortgage" business ranked first in the city, which led to an increase of 1.263 billion yuan in mortgage investment year-on-year. By the end of June, 2023, the loan balance of "billion-level" fist product "Chongqing Express Loan" reached a new high, reaching 16.596 billion yuan, an increase of 5.466 billion yuan compared with the end of last year and an increase of 2.910 billion yuan year-on-year, keeping the balance and increment of similar products first in the city.

2. Bank card business

Debit card business continues to grow. Constantly improve the "Jiangyu" branded debit card product system and continuously improve product functions. By the end of June 2023, the total number of debit cards issued by the Group reached 28,648,900. Among them, there were 12,836,800 rural debit cards with the function of subsidizing remittance fees from different places, and the remittance funds from different places were 31.638 billion yuan that year. The social security card business grew rapidly, with the cumulative social security card issuance exceeding 6 million, and 1,257,900 new cards were issued in the first half of the year, ranking first in the city in terms of card issuance increment.

The credit card business has developed steadily. Vigorously develop installment business, strengthen the construction of merchant scenes, constantly consolidate internal management, effectively control development risks, and maintain rapid growth of credit card business. By the end of June 2023, there were 81,400 new credit card customers, and the credit balance increased by 1.249 billion yuan or 10.06% compared with the end of last year. The transaction amount of merchants was 97.698 billion yuan, up 30.63% year-on-year, and the balance of merchants’ AUM was 68.170 billion yuan, up 16.42% from the end of last year. The LUM balance of merchants was 42.912 billion yuan, an increase of 9.44% over the end of last year.

3. Wealth management business

The quality and efficiency of wealth management business have improved. Strict access standards, optimizing cooperative institutions around the customer’s characteristic rights and interests system; Intensified guest

By the end of June 2023, the sales of agency insurance products reached 1.335 billion yuan, up 21.14% year-on-year, and the commission income of insurance agency business reached 159 million yuan, up 74.73% year-on-year.

4. Customer management

Build a precise marketing service system. Using digital technology to promote the deep mining, labeling management and value re-promotion of customer data, and basically build a multi-dimensional customer labeling system of "subject, behavior and contribution", laying a good foundation for realizing "creating products for customers and finding customers for products". By the end of June 2023, there were nearly 29 million retail customers and 15,370,600 active customers, an increase of 361,100. The number of VIP customers increased by 170,400, with an increase of 6.33%, and the balance of financial assets of VIP customers increased by 50.900 billion yuan, with an increase of 8.48%, realizing the "double increase" of target customers and customers’ contributions.

5. Electronic distribution channels

Promote intelligent and digital marketing. Vigorously expand outbound marketing business and focus on improving service quality and efficiency. During the reporting period, the customer service volume of telephone banking was 3,502,900 tons, and the customer satisfaction rate was 99.21%. Robot intelligent outbound calls were 1,709,100 times, accounting for 90.70% of the total outbound calls; The output value of loan marketing was 635 million yuan, a year-on-year increase of 153.78%.

Transformation and upgrading of mobile banking. Continue to carry out aging transformation, enrich the non-financial functions of helping agriculture, expand the application scenarios of interactive platforms, and improve online payment and financial interactive services. By the end of June 2023, the Group had 14,037,300 mobile banking users, a net increase of 512,500 or 3.79% compared with the end of last year. This year, the transaction amount was 762.624 billion yuan, and there were 44,877,500 financial transactions, with a year-on-year increase of 7.05%.

Transformation and development of corporate online banking. Continue to optimize and upgrade the corporate online banking 4.0 system, and complete the online functions such as loan collection, APP cloud signing, and wealth management signing management to help the company’s financial digital transformation and development. By the end of June, 2023, there were 154,400 corporate online banking customers, with a net increase of 6,500, or 4.24%, compared with the end of last year. The transaction amount in this year was 626.372 billion yuan, and 6,035,000 financial transactions occurred, up by 11.66% year-on-year.

(2) Small and micro businesses

The Bank adhered to the main business of serving the real economy, followed the pace of Chongqing’s economic and social development, seized policy opportunities, further promoted digital transformation and upgrading, and continued to promote the high-quality development of small and micro businesses. By the end of June, 2023, the Bank had 193,100 inclusive loans to small and micro enterprises, an increase of 17,100 compared with the end of last year. The loan balance was 125.211 billion yuan, an increase of 12.173 billion yuan compared with the end of last year, and the growth rate was 4.80 percentage points higher than the growth rate of various loans of the Bank, thus achieving the goal of "two increases". The loan increment and stock of Pratt & Whitney small and micro enterprises continued to rank first in the city, winning the title of "Advanced Unit of Financial Services for Small and Micro Enterprises in 2022", and the supervision and evaluation of financial services for small and micro enterprises continued to maintain the highest level.

Broaden the channels for obtaining customers. Relying on big data, cloud computing, artificial intelligence technology, and taking electronic channels such as micro-banking and mobile banking as carriers, we will build an intelligent working platform for integrated financing services, providing small and micro enterprises and individual industrial and commercial households with one-stop financing services of "scanning code application, product matching, automatic billing and intelligent loan handling" and opening up online customer acquisition channels; Give full play to the advantages of the Bank in many aspects, and further promote the "global marketing of all employees" to help microfinance services reach deeper and cover wider.

Deepen transformation and upgrading. Adhere to the market demand and customer experience as the guide, further promote digital transformation, and create differentiated competitive advantages. In terms of products, we will continue to deepen the multi-party cooperation between the government and banks, build a batch business incubation platform, promote system interconnection and data sharing, and newly launch businesses such as "Qingfeng Loan", "Chongqing Fast Mining Loan" and "Commercial Value Credit Loan", and diversify the customer base through multi-dimensional products. In terms of process, we strengthened technology empowerment, launched mobile survey and image acquisition tools, optimized the functions of "cloud signing", "self-service lending" and "self-service loan renewal", continued to promote the online and intelligent transformation of the loan process, and improved the convenience and experience of micro-financing. In the first half of 2023, small and micro businesses lent over 60 billion yuan through online channels, an increase of over 15 billion yuan year-on-year.

Deepen the market of individual industrial and commercial households. Focus on the characteristics of individual industrial and commercial households, create a platform of "Chongqing Express Revitalization Loan", establish a differentiated model, and create a series of exclusive products such as "Chongqing Express Catering Loan", "Chongqing Express Business Super Loan" and "Chongqing Express Merchant Loan" to enhance product adaptability; Go deep into the concentrated areas of individual industrial and commercial households to carry out policy announcements and visits, strengthen the docking of financing needs, and increase credit supply through intelligent loan channels. By the end of June 2023, loans to individual industrial and commercial households had increased by 16,800 households and 10.583 billion yuan compared with the end of last year.

(III) Business of the Company

Focusing on key areas such as the twin-city economic circle in Chengdu-Chongqing region, the new land and sea corridor in the west, and the construction of key municipal projects in Chongqing, the Bank actively carried out the construction of a green financial system, focused on advanced manufacturing, helped the real economy to become better and stronger, continuously increased its support for rural revitalization, water and electricity supply and other areas that benefit people’s livelihood, gradually improved its international settlement and cross-border service capabilities, and steadily promoted the high-quality development of the company’s business.

1. The company’s deposit and loan business

By the end of June 2023, the balance of deposits of the Group’s companies was RMB151.318 billion, an increase of RMB10.236 billion over the end of last year; The company’s loan balance was 326.383 billion yuan, an increase of 27.696 billion yuan over the end of last year.

Strengthen financial support and serve major strategies. Focusing on the twin-city economic circle in Chengdu-Chongqing area, the new land and sea passage in the west and the key projects at the municipal level, we will establish a joint marketing mechanism between the general branch and the branch in accordance with the requirements of "project, inventory and responsibility", implement the classified management of the list, and enhance the service for major strategic projects. By the end of June 2023, Chongqing’s major projects in 2023 had been fully covered and docked, and 141 major projects in Chengdu-Chongqing Shuangcheng Economic Circle and municipal key projects were supported. The approved credit amount was 108.421 billion yuan, and the loan balance was 21.681 billion yuan.

Implement three "optimizations" to support advanced manufacturing. Optimize industry investment and promote credit resources to tilt towards Chongqing’s "33618" modern manufacturing cluster system industry. Optimize the customer structure and increase the marketing efforts of "specialized and innovative" enterprises. The proportion of financial services in Chongqing specialized and innovative enterprises reached 67.35%. Optimize the credit plan, focusing on promoting the implementation of the "excellent customer promotion plan" for manufacturing enterprises. The total amount of new manufacturing loans accounted for nearly 30% of the total amount of accumulated corporate loans in the first half of the year.

Increase investment in agriculture-related loans to help rural revitalization. Landing the first affordable rental housing project of the whole bank. Promote the integration of agriculture and tourism, further improve the financial services of rural tourism resources, and focus on supporting related projects in rural revitalization demonstration zones. Ensure food security, increase financial support for the grain industry chain, and increase investment in agriculture-related loans to key grain and oil enterprises.

Make good use of policy tools to promote green development. The Bank actively participated in the construction of Chongqing Green Finance Reform and Innovation Experimental Zone. Since 2023, the Bank has been included in the scope of financial institutions supporting carbon emission reduction by the Head Office of the People’s Bank of China, successfully launched the first green bill discount business in the Bank, and received special support from the People’s Bank of China for "Green Ticket Pass" rediscount. By the end of June 2023, the balance of green credit was 57.642 billion yuan, an increase of 8.927 billion yuan or 18.32% over the end of last year.

Scientifically plan transformation and optimize marketing scenarios. Formulate the standard of financing data system, realize the online management of FPA financing total index of corporate customers, and lay the foundation for coordinating the development of total assets business; Further optimize the efficiency of service tools, complete the transformation of online credit application system, and improve credit efficiency; Further optimize the customer structure of the company and promote the effective expansion of key customer groups such as VIP, comprehensive, full-product and active customers; The customer acquisition capacity of the scene was further optimized, the retail lines were linked, and the standardized process of scene marketing was established, achieving 6,628 corporate customers and 810,000 individual customers, with a cumulative payment of over 6.7 billion yuan.

2. Institutional business

Broaden business channels and promote the return of funds. Actively participated in the bidding for cash management of the central treasury, and won the bid for 3 times in total, bringing in 15 billion yuan of foreign funds for Chongqing; Adjust the target customer base, take the initiative to attack and actively market, and make every effort to maintain stability.

The account and deposit marketing of body economic organizations, and the account opening of rural economic organizations accounted for 70.50% of the city.

3. International business

In the first half of 2023, the Bank achieved international settlement volume of US$ 2.35 billion, and settlement and sale of foreign exchange on behalf of customers amounted to US$ 730 million. The transaction volume of foreign exchange funds ranks first among local corporate banks in Chongqing, including inter-bank spot foreign exchange transactions of US$ 2.653 billion and inter-bank far swap settlement and sale transactions of US$ 3.281 billion.

Achieve new breakthroughs in cross-border financing. Innovate the green financial service model and land the first cross-border carbon emission quota pledge financing business in the city. We implemented the facilitation policy of cross-border financing for financial foreign exchange service enterprises, continued to promote the incremental expansion of cross-border loans for science and technology, and provided cross-border financing for five science and technology enterprises with a cumulative amount of 8.28 million US dollars.

Construct dual channels of international settlement. It is the first local corporate bank to directly connect CIPS standard transceiver with API mode to realize the automation, digitization and paperless of cross-border RMB settlement messages, and form a dual-channel settlement system of SWIFT and CIPS.

Help the construction of new land and sea passages in the west. We continued to use financing products such as "land and sea new channel loan" to provide financing support for channel enterprises, and issued a total of 11.4 million yuan of "land and sea new channel loan" for four manufacturing small and micro enterprises. Continue to promote the expansion and increment of "land-sea chain integration", and use the "one-single-system" digital bill of lading of the new land-sea channel and the information interaction function between banks to issue financing of 12,465,000 US dollars.

(4) Financial market business

1. Financial interbank business

During the reporting period, the Bank steadily enhanced its market influence and expanded its brand awareness: it was re-elected as the first-class dealer in open market business in 2023, and it was the only legal entity in Chongqing that was granted the qualification; In the evaluation of the inter-bank local currency market, it has been awarded the honorary award of monthly innovative active traders for many times. In terms of asset-liability allocation, we should give consideration to liquidity and profitability on the premise of ensuring safety, reasonably arrange the speed of opening positions according to the trend of interest rates, make a good multi-level asset portfolio, make good use of the policy advantages of various business varieties, continuously optimize the account book allocation strategy, and explore investment opportunities in different markets; Improve the utilization efficiency of debt resource indicators, step on the rhythm of debt absorption, optimize debt maturity and product portfolio management, and broaden financing channels; Continuously improve the diversification of customer types and continuously reduce the cost of debt. In terms of trading, we will continue to improve research methods and research systems, build professional investment and research teams, focus on fundamentals, policies and technologies, enhance the forward-looking and autonomy of investment and research analysis, select appropriate trading strategies, continuously enrich trading varieties, and continuously increase asset returns.

By the end of June 2023, the balance of the Group’s bond investment was 484.295 billion yuan, including 340.744 billion yuan of government bonds, public institutions and quasi-government bonds, an increase of 13.349 billion yuan compared with the end of last year. The scale of other bonds increased slightly as a whole, including 102.186 billion yuan of AAA1-rated bonds, an increase of 3.720 billion yuan compared with the end of last year, and 2.7 billion yuan of AA+-rated bonds among other bonds.

By the end of June 2023, the book value of the Group’s financial institution bonds was 219.366 billion yuan, including 129.948 billion yuan of policy bank bonds, 54.463 billion yuan of asset securitization products, 32.731 billion yuan of commercial bank bonds and 2.225 billion yuan of bonds issued by other financial institutions.

2. Asset management business

Based on the group’s position, the financial subsidiary devotes itself to serving the national strategy, adhering to the development concept of "keeping integrity, innovating and striving for Excellence", constantly forging core competitiveness, actively responding to market changes and promoting steady development.

Focusing on the three product systems of "Heng, Yi and Xing", the product attributes are dynamically monitored to reach the standard, and a "3+5+N" product matrix is formed, which can more effectively identify customers’ risk preferences and accurately match customers’ investment needs. We will continue to improve the driving mechanism of investment and research, build an investment and research system covering macro, industry, strategy, assets and other multi-dimensional perspectives, implement dividend strategy, create a mixed fixed income and special account for stocks and bonds, deeply participate in the investment of REITs assets, and actively explore the allocation of equity assets on the basis of building a risk bottom line, and drive development with innovation. Strengthen the empowerment of science and technology, build a framework system centered on the three core systems of "asset management system, distribution system and valuation system" and cover 14 types of systems, and innovatively launch a direct selling system to provide customers with more convenient financial services.

3. Investment banking business

Lead underwriting of 11 debt financing instruments for non-financial enterprises, with a total underwriting share of 4.552 billion yuan; The total amount of bonds underwritten by the participating delegations was 69.542 billion yuan; Successfully completed the issuance of the Bank’s 2 billion yuan special financial bonds for agriculture, rural areas and farmers.

4. Asset custody business

In the first half of 2023, the Bank’s asset custody business closely followed the direction of digital transformation, increased investment in system technology, and helped the custody business develop steadily.

(5) Financial technology

Give full play to the effectiveness of organizational structure and promote the overall management of financial technology. Continue to give full play to the effectiveness of the Bank’s "one meeting, one center and one department" 1 financial science and technology organizational structure, give priority to ensuring the talent allocation and resource supply of science and technology lines, maintain steady growth in science and technology investment in the first half of 2023, continue to develop towards the goal of "digital rural commercial bank", and complete 46 project approval projects; A one-stop business demand review meeting mechanism was established, and more than ten online self-operated products were launched, serving over 10 million customers. By the end of June 2023, there were 533 financial science and technology personnel in the Bank, accounting for 3.69%, including 5 doctors, forming an echelon of talents with independent and controllable financial capabilities.

Consolidate the foundation of data center and expand the ability of data value discovery. Promote the application of regulatory data, and develop a one-stop enterprise information fusion query tool. The external data service interfaces have visited more than 100 million times. Promote the construction of data standardization, improve the efficiency and value of data analysis through self-help analysis platform, continuously expand the coverage of data service platform, and continuously improve the accuracy and timeliness of data interaction. Improve the application ability of data analysis, establish various precise marketing models and operational analysis models, and effectively improve the marketing effect and refined management level. Optimize the intelligent data decision-making platform, and continuously improve the professionalism and efficiency of decision-making, with an average of 1.22 million daily decisions and a success rate of 99.90%.

Comprehensively promote the construction of information systems and improve the level of operation and maintenance. Deepen the emergency capacity of Wanzhou Disaster Recovery Center, promote the construction of distributed credit card core system, and complete the second-stage business development. Establish a work order management system for production environment problems and build a rapid response mechanism for production problems. Formulate standardized early warning processing flow, make full use of intelligent operation and maintenance capabilities formed by automatic operation and maintenance platform, application intelligent early warning platform and unified log management platform, and gradually upgrade operation and maintenance means. Carry out Internet penetration testing and strengthen network security risk management.

Create a characteristic "patent pool" and "standard library" to build the core competitiveness of financial technology. In the first half of 2023, a total of 7 invention patent applications were submitted, and 8 invention patents were authorized, with a total of 17 invention patents and 8 software copyrights. Focusing on the application of financial technology, he has participated in the formulation of 7 financial industry standards, 4 of which have been published, participated in the formulation of 19 group standards, 8 of which have been published, and completed the formulation of 11 enterprise standards. Actively participate in the "Leader" activities of enterprise standards, and three enterprise standards were selected into the "Leader" list of enterprise standards in the financial sector in 2022.

(6) County financial business

The county is the main position for the Group to carry out financial services, and the county financial business is the strategic focus of the Group for a long time, and it is also one of the main sources of income. The Group actively exerts its unique advantages such as "being familiar with many aspects, people, places and regions", promotes the application of new technologies such as cloud computing, big data and artificial intelligence, optimizes institutional mechanisms, deepens financial products, strengthens financial services, and takes the advantage of "online+offline" omni-channel services to increase county financial supply and meet the diversified and multi-level financial products and services needs of rural market players. By the end of June 2023, the Group’s loan balance at county level was RMB335.766 billion, accounting for 49.84% of the Group’s loan balance; The balance of deposits in county areas was 647.874 billion yuan, accounting for 71.79% of the Group’s balance of deposits; The balance of the Group’s agricultural loans was RMB227.289 billion, an increase of RMB11.664 billion compared with the end of last year.

1. Channel construction

By the end of June 2023, the Group had set up 5 branches, 26 first-class branches, 122 second-class branches, 1,295 branch offices, 1 community branch and 12 rural banks in the county area, and set up 2,570 deposit and withdrawal machines, 375 self-service cash machines, 59 multimedia inquiry machines and 1,835 intelligent comprehensive counters in the county area, which were completed and put into operation. At the same time, the cooperative outlets of people’s social services will be continuously extended to the county, and the social bank will actively build a "nearby" service circle, set up 104 "nearby" outlets, and deploy 258 business card printing equipment. It launched the first "Social Security Service Matters Entering the Bank" in the city, and connected 20 social security high-frequency services to the intelligent comprehensive counter, so as to facilitate the people to handle social security services nearby and conveniently.

The Bank intensified the construction of county electronic channels and actively marketed Jiangyu Card, Funong Card and Rural Revitalization Card. By the end of June 2023, 22,535,100 debit cards had been issued in counties, accounting for 78.66% of the total debit cards issued by the Bank, including 470,700 rural revitalization cards; There were 11,162,300 mobile banking users, accounting for 79.52% of the bank’s mobile banking accounts, an increase of 414,000 from the end of last year.

2. Business support

The Group pays attention to tapping regional value, taking customers as the center and taking the market as the guide, which effectively contributes to the development of county economy. By the end of June, 2023, personal deposits in county areas were RMB580.043 billion, a net increase of RMB55.589 billion compared with the end of last year, accounting for 78.23% of the Group’s personal deposits. Take various measures to promote the "national debt going to the countryside". The branch where the county area is located underwrites the national debt with a net value of 795 million yuan, accounting for 87.73% of the net sales of the whole bank. Innovate the consumption assistance mode, strengthen the cooperation between banks and governments, and continue to organize the live broadcast of "There are good things in the countryside, and help the revitalization quickly", which has driven the sales of characteristic agricultural and sideline products in county areas by about 2.44 million yuan, effectively empowering rural revitalization.

Focusing on key areas such as helping urban-rural integration and development, agricultural and rural modernization, we will give full play to the role of finance in supporting rural revitalization. Increase rural infrastructure loans, and actively meet the needs of rural transportation, water supply, power supply and other fields of construction funds. Sort out regional characteristics, determine the direction of industrial development, gradually promote the landing of "one county and one loan", and continue to support infrastructure, public service facilities and other projects that consolidate and expand the achievements of poverty alleviation.

The wealth management subsidiary took the lead in launching a series of wealth management products of "rural revitalization", creating a new model of "wealth management+rural revitalization", and providing intimate services of "investing wealth management in leisure time and helping farmers to be busy" for the vast number of rural customers. The cumulative issuance of the series of products exceeded 10 billion yuan, and the survival scale exceeded 8 billion yuan. Golden Leasing Company focuses on supporting cultural tourism ecological engineering, rural revitalization and modern agriculture projects, innovating products and business models, and accurately connecting small and medium-sized micro-entities with customers of agriculture, rural areas and farmers. The balance of leased assets in Chongqing is 16.831 billion yuan, of which counties account for 82.05%. In 2023, the amount of newly leased projects in Chongqing is 3.891 billion yuan, of which counties account for 91.90%.

(seven) the main holding companies.

1. Holding subsidiaries

(1) Rural banks

Chongqing Rural Commercial Bank is the general name of all rural banks initiated and established by the Bank as the main initiating bank. Initiating the establishment of village banks is of great significance for the Bank to implement the rural revitalization strategy, earnestly fulfill its social responsibilities, further enhance the breadth and depth of serving the new rural construction, expand the business development space and build a sustainable profit growth model. By the end of the reporting period, the Bank had established 12 rural banks in 12 counties (autonomous regions and municipalities) in 5 provinces, with a shareholding ratio of not less than 51%, with a total registered capital of 1.662 billion yuan, total assets of 5.096 billion yuan, net assets of 1.876 billion yuan, deposit balance of 2.272 billion yuan, loan balance of 4.255 billion yuan, non-performing loan ratio of 1.19% and provision coverage ratio of 36.19.

(2) Yunongshang Financial Leasing Co., Ltd.

Chongqing Rural Commercial Financial Leasing is a holding subsidiary of the Bank, which was established in December 2014 with a registered capital of 2.5 billion yuan. Mainly engaged in financial leasing business, transfer and transferee of financial leasing assets, fixed-income securities investment business, interbank lending, borrowing from financial institutions, selling and disposing of leased property, brokerage consulting, setting up project companies in bonded areas in China to carry out leasing business, etc. The Bank holds 80% of the shares of Chongqing Rural Commercial Financial Leasing. By the end of the reporting period, the total assets and net assets of Yunong Commercial Finance Leasing were 60.809 billion yuan and 6.621 billion yuan respectively, and the net profit during the reporting period was 634 million yuan.

(3) Yunong Commercial Finance Co., Ltd.

Chongqing Rural Commercial Finance is a wholly-owned subsidiary of the Bank. Founded in June 2020, it is the first financial subsidiary of the national rural commercial bank and the western corporate bank with a registered capital of 2 billion yuan. Mainly engaged in the public offering of wealth management products to the unspecified public, and investing and managing the entrusted investors’ property; Non-public issuance of wealth management products for qualified investors, and investment and management of entrusted investors’ property; Financial advisory and consulting services; Other businesses approved by the State Council Banking Regulatory Authority. By the end of the reporting period, the total assets and net assets of Chongqing Rural Commercial Finance were 2.864 billion yuan and 2.809 billion yuan respectively, and the net profit during the reporting period was 76 million yuan.

2. Major shareholding companies

Chongqing Xiaomi Consumer Finance Co., Ltd. is the second licensed consumer finance company in Chongqing. Founded in May 2020, it is mainly engaged in issuing personal consumption loans with a registered capital of 1.5 billion yuan, and the Bank holds 30% of its shares. By the end of the reporting period, Chongqing Xiaomi Consumer Finance Co., Ltd. had total assets of 16.189 billion yuan and net assets of 1.459 billion yuan.

Four, the key issues of concern in the operation

(1) About the profitability

During the reporting period, the Group achieved operating income of 14.866 billion yuan, mainly due to the decline in net interest margin. The revenue decreased year-on-year, but the decline was narrower than that in the first quarter, achieving a net profit of 7.121 billion yuan, an increase of 624 million yuan and a year-on-year growth rate of 9.61%.

In the first half of the year, the Group adhered to high-quality development as the core, and maintained a good momentum of "three stabilities" in business development. First, the business scale grew steadily. The Group’s assets exceeded 1.4 trillion yuan, an increase of 86.49 billion yuan or 6.40% compared with the end of last year. The loan scale exceeded 670 billion yuan, an increase of 41.059 billion yuan or 6.49% compared with the end of last year. The scale of deposits exceeded 900 billion yuan, an increase of 77.535 billion yuan compared with the end of last year, with a growth rate of 9.40%, and the increment reached a new high. Second, the business structure is "stable and good". The proportion of loans and deposits continued to increase. Loans accounted for 46.84% of total assets, up 0.04 percentage points from the end of last year, and deposits accounted for 68.44% of total liabilities, up 1.74 percentage points from the end of last year. Third, non-interest income "steadily increased". The Group achieved non-interest income of RMB2.822 billion, up RMB283 million year-on-year, with an increase rate of 11.16%, of which financial investment gains and valuation changes increased RMB216 million year-on-year, with an increase rate of 16.76%, mainly due to the Group’s strengthening of interest rate trend judgment, grasping market opportunities, flexibly adjusting trading strategies, strengthening band operation and increasing asset returns.

Looking forward to the second half of the year, the Group will focus on consolidating its customer base and scale advantages, actively seize major strategic development opportunities, continue to promote the process of digital transformation, improve the sinking ability and efficiency of financial services, highlight its own characteristics, build its core advantages and stabilize its performance growth.

First, tap the source of "increment", focusing on tapping the market space of major strategies, rural revitalization, small and micro private enterprises and consumer credit, while strengthening the marketing of scene services, continuously expanding the scale of high-quality assets and liabilities, and stabilizing the leading edge in the deposit and loan market. Second, grasp the key of "increasing income", increase the proportion of deposits and loans, further strengthen pricing management, and enhance the comprehensive return of customers. Improve the service ability of traditional intermediary business, improve the customer product system, optimize the investment layout and trading strategy, and drive the steady growth of non-interest income. Third, lay a solid foundation for "efficiency improvement", strengthen the refined management of financial resources, improve the evaluation mechanism of resource utilization efficiency, increase the inclination of resources in terms of comprehensive contribution to customers and management efficiency improvement, give full play to the leverage of financial resources, and realize the digitalization and intelligence of the whole life cycle of marketing, customer management, pricing management and post-loan management, so as to empower the development of front-line businesses. The fourth is to emphasize the core of "increasing profits", build a management system for non-performing assets, and insist on asking for benefits from non-performing assets. Strengthen the forward-looking asset quality monitoring and control, continuously increase the potential risk assessment, and constantly consolidate the asset quality.

(B) About the net interest margin

In the first half of 2023, the Group’s net interest margin was 1.79%, a year-on-year decrease of 24 basis points and a year-on-year decrease of 18 basis points. Affected by the repricing of floating interest rate loans and the downward trend of market interest rates, the asset-side yield continued to be under pressure. First, the competition for asset placement has intensified, and the superimposed and stable economic policies have continued to exert their strength, driving down the yield of various loans. Second, the real estate market continues to be sluggish, and the superimposed residents’ willingness to consume is weak, and the growth of housing mortgage loans and consumer loans with relatively high returns has slowed down. Third, the market interest rate fluctuated at a low level, and the income level of capital business also declined. Consolidate the advantage of debt volume and price, and the cost of debt has decreased steadily. First, we actively expanded the scale of core deposits, with the proportion of deposits increasing by 1.74 percentage points compared with the end of last year. At the same time, we strengthened the control of high interest-bearing deposit limits and implemented the market-oriented adjustment mechanism of interest rates, and the interest-bearing rate of deposits decreased by 9 basis points year-on-year. Second, according to the trend of market interest rate, flexibly arrange interbank funds and rationally optimize the structure and term of active liabilities. By the end of June, the Group’s debt cost ratio was 2.05%, down 16 basis points year-on-year.

Looking forward to the second half of the year, the Group will continue to optimize the asset-liability structure, strengthen interest rate pricing management, enhance the advantages of core liabilities such as deposits, and strive to stabilize the net interest margin at a reasonable level. On the asset side, relying on multi-scenarios and multi-channels to accurately reach customers, emphasizing the use of featured products, grasping the opportunity of expanding domestic demand to promote consumption, increasing credit supply and stabilizing loan income. At the same time, strengthen the forward-looking judgment of market interest rate, seize market opportunities, enrich trading strategies, do a good job of "product structure and term structure" and stabilize the investment income of financial assets. On the debt side, we should focus on the growth of low-cost core deposits, seize the opportunity of market-oriented adjustment of deposit interest rates, strengthen the control of the volume and price of high-interest deposits, and guide the downward trend of deposit interest-bearing costs. At the same time, combined with the needs of business development, we will expand diversified liabilities and actively use the central bank’s monetary policy tools to keep the debt cost stable and declining.

(3) On the quality of assets

In the first half of 2023, the Group continued to increase its support for local economic development, at the same time, strengthened credit risk monitoring, strictly grasped substantive risks, prudently carried out risk classification management, and made forward-looking provision for impairment, with stable and positive asset quality.

Asset quality maintained a good trend. By the end of June 2023, the latter four types of loans accounted for 2.35%, down 0.16 percentage points from the end of last year. Among them: the non-performing loan ratio was 1.21%, down 0.01 percentage point from the end of last year; Interest-related loans accounted for 1.14%, down 0.15 percentage points from the end of last year. All indicators maintain a good level in the industry.

The quality of corporate loans continued to improve. By the end of June 2023, the balance and NPL ratio of corporate non-performing loans of the Group decreased by 213 million yuan and 0.19 percentage points respectively compared with the end of last year, and the asset quality maintained a good trend.

The growth rate of retail non-performing loans slowed down. In the first half of the year, the growth rate of retail non-performing loans of the Group decreased by 46.92 percentage points year-on-year, and the rate of non-performing loans also showed a year-on-year downward trend. By the end of June, 2023, secured loans accounted for 88.93% of retail non-performing loans, among which mortgage loans and pledge loans accounted for 83.39%, and the coverage ratio of collateral value to loan principal was 1.66 times, which had good risk mitigation ability.

The control of overdue loans is effective. By the end of June 2023, the overdue rate had decreased by 0.02 percentage points year-on-year, and the growth rate of overdue loans in the first half of the year had decreased by 14.84 percentage points year-on-year. Among overdue loans, secured loans account for 86.64%, of which mortgage and pledge loans account for 71.30%, and the coverage ratio of collateral value to loan principal is 1.79 times, which has good risk mitigation ability.

Continue to promote the implementation of the new classification regulations. In accordance with the Measures for Risk Classification of Financial Assets, the Group actively promoted the internalization of external regulations and continuously arranged financial assets. Generally speaking, the potential risk loans have been cleared in an orderly manner in the early stage, and the impact of the new classification rules on the Group’s asset quality is controllable, and the follow-up will be carried out step by step with a smooth transition.

Looking forward to the second half of the year, the Group will continuously optimize the credit structure, continuously strengthen the monitoring and evaluation of financial asset risks in combination with the new classification regulations, and dynamically implement classification management; Accelerate the application of intelligent risk control and improve the level of credit risk management and control; Continue to collect and dispose of non-performing assets. Generally speaking, it is expected that the asset quality will continue to be stable in the second half of the year, and relevant indicators will continue to be controllable and maintain a good level.

(4) About the provision for impairment

The Group has always adhered to the business philosophy of paying equal attention to efficiency and scale, quality and speed, internal control and development, adhering to compliance, prudence and steady operation, strictly implementing the relevant requirements of the Administrative Measures for the Implementation of Anticipated Credit Loss Law of Commercial Banks, following the comprehensiveness, authenticity, prudence, dynamics and matching of impairment provision, maintaining the continuity of provision provision provision provision method, and no major changes have taken place in the provision provision provision provision method. By the end of June 2023, the balance of the Group’s credit risk loss reserve was 31.695 billion yuan, up 1.463 billion yuan from the end of last year, of which the balance of credit asset impairment reserve was 28.573 billion yuan. The provision coverage ratio was 350.87%, and the loan-to-appropriation ratio was 4.24%, which remained at a high level and remained at the forefront of listed banks. The provision coverage ratio of loans overdue for more than 90 days was 483.88%, and the provision coverage ratio of loans overdue for more than 60 days was 434.13%, and it continued to maintain sufficient risk compensation ability.

In the first half of 2023, the Group accrued a credit impairment loss of 1.845 billion yuan, a decrease of 1.774 billion yuan and a decrease of 49.02%. First, the Group’s asset quality improved steadily, corporate non-performing loans continued to "double decline", the credit impairment loss of corporate lines decreased by RMB2.254 billion year-on-year, down by 84.35%, the growth rate of non-performing retail loans slowed down and the rate of non-performing loans decreased year-on-year. Second, the Group intensified the collection and disposal of written-off assets, demanding benefits from non-performing assets. In the first half of the year, the write-off loans in the previous period were recovered, which led to a significant decrease in credit impairment losses in the current period.

V. Risk management

During the reporting period, in the face of changes in the risk situation due to the stabilization and recovery of the domestic economy, the Group strengthened its judgment and proactive response, made great efforts to improve the ability of target control, forward-looking identification, quantitative analysis, monitoring report and efficient disposal of risks, and adhered to the bottom line of preventing and resolving financial risks.

Judge the risk situation and actively strengthen monitoring and analysis. Strengthen asset quality monitoring and index calculation at key time points, carry out dynamic investigation of loans affected by new financial asset classification regulations, formulate step-by-step plans, and effectively link risk classification, impairment provision and bad disposal, so as to clear risks in an orderly manner and achieve a sustained improvement in asset quality and a high level of risk compensation.

Improve the mechanism and measures, and constantly consolidate the management foundation. Formulate annual risk preferences, issue annual risk management opinions, and focus on promoting the implementation of new regulatory regulations such as the Measures for the Risk Classification of Financial Assets of Commercial Banks, the Measures for the Implementation of the Expected Credit Loss Law of Commercial Banks, and the Measures for the Risk Management of Off-balance-sheet Business of Commercial Banks, improving internal regulations and optimizing the system; Continue to increase the authorization of branches, retail, agriculture, rural areas and farmers, and small and micro-benefits; Continue to carry out key supervision and monitoring of business indicators, analyze and summarize risk events of overseas banks and carry out special stress tests; Strengthen the risk assessment of online credit products and establish a closed-loop management mechanism from product innovation, model strategy review to post-operation evaluation.

Strengthen overall planning, and steadily advance digital risk control. The internal evaluation system and model were continuously upgraded, and six peer rating models including banks, securities and insurance companies were optimized; The risk data mart includes information such as customer early warning and risk disposal, further improves the customer risk view, establishes an online risk data analysis center, and realizes visual customization of reports; The large risk exposure system is continuously optimized to provide strong support for the control of credit concentration; Model risk management initially completed the system design, and continued to implement the risk control model management of digital credit products with assessment as the starting point.

In the next step, the Group will take concrete measures from the aspects of "continuously optimizing risk management mechanism tools, actively strengthening various risk monitoring and identification, giving full play to the effect of risk assessment mechanism, and focusing on improving the ability of risk quantitative analysis" to continuously improve the overall risk management level.

(1) Risk management framework

The Bank’s risk management structure consists of the Board of Directors, the Board of Supervisors, the senior management and its authorized relevant special committees, the Risk Management Department of the Head Office, other relevant functional departments, the Audit Department, branches and subsidiaries. The board of directors bears the ultimate responsibility for comprehensive risk management, and a risk management committee is set up to perform the relevant duties of comprehensive risk management according to the authorization of the board of directors. The senior management is responsible for the implementation of comprehensive risk management, implements the resolutions of the board of directors, and sets up a risk management committee to make collective decisions on matters related to risk management. The Board of Supervisors undertakes the supervisory responsibility of comprehensive risk management, and is responsible for supervising and inspecting the performance of the Board of Directors and senior management in risk management and urging rectification.

The Risk Management Department of the Head Office takes the lead in the daily management of comprehensive risks, is responsible for leading the implementation of the comprehensive risk management system, and promptly reports the Group’s comprehensive risks and all kinds of important risks to the senior management. The functional departments of the Head Office bear the direct responsibility for the risk management of their own lines and departments, and are responsible for the specific management of various risks such as credit risk, market risk, liquidity risk and operational risk of the whole bank according to the division of responsibilities. The Audit Department of the Head Office is responsible for internal audit of relevant performance. Each branch undertakes the daily management responsibilities of the overall risk of the bank at the corresponding level. Under the framework of the Bank’s overall risk preference and risk management policy, each subsidiary has established a comprehensive risk management system that is suitable for its own business nature, scale and complexity.

(II) Credit Risk Management Credit risk refers to the failure of the borrower or counterparty of a bank to fulfill its relevant obligations as agreed in the contract for various reasons, which leads to the banking industry.

Risk of loss.

In the first half of 2023, the Group actively implemented government and regulatory policies and guidelines, continuously strengthened support for major projects related to local economic development, and continuously strengthened credit risk management and control. Continuously improve the credit risk management system, issue annual credit investment guidelines, promote the optimization of credit asset structure, promote the digitalization of credit management in an orderly manner, improve the post-lending management mechanism, improve the monitoring dimension and data source of early warning signals, optimize the intelligent post-lending function, and judge credit risks in advance; Do real risk assessment, comprehensively sort out and assess the financial assets in combination with the management requirements of the new risk classification regulations, strictly manage the real risks dynamically, and make adequate provision for impairment. Strengthen the technical support of risk measurement, carry out credit risk stress test, and quantitatively evaluate the risk tolerance level of the Group under various stress scenarios; Strictly control the concentration risk, carry out large-scale risk exposure management, continuously optimize the functions of the large-scale risk exposure system, and promote the application of various functions. By the end of June 2023, the relevant indicators of the Group’s large-scale risk exposure were better than the regulatory standards.

(3) Market risk management

Market risk refers to the risk that the Group’s on-balance sheet and off-balance sheet business will suffer losses due to adverse changes in market prices (interest rate, exchange rate, stock price and commodity price, etc.). The market risks faced by the Group include interest rate risk and exchange rate risk. The purpose of market risk management is to maintain the potential market risk losses within the tolerable range of the Group and maximize the risk-adjusted income through monitoring and other measures.

The Group actively manages the interest rate risk and exchange rate risk of the Group in accordance with the regulatory requirements and with reference to the relevant requirements of the New Basel Capital Accord, and has established a market risk management system through measures such as authorization, credit granting, risk limit regulation, monitoring and reporting.

In the first half of 2023, the Group continuously improved its ability to actively manage market risks: First, it formulated the annual market risk limit plan, according to

Rate and exchange rate judgment, regularly carry out business analysis on economic fundamentals, financial data and market risks, and report to the senior management and the board of directors to provide a basis for decision-making; Fourth, promote the construction of market risk management system as planned, and constantly improve the digital and refined level of market risk management.

1. Interest rate risk analysis

Interest rate risk is the main market risk faced by the Group. In terms of bank books, the Group regularly measures the interest rate sensitivity gap, evaluates the interest rate risk through gap analysis, and further evaluates the impact of interest rate changes on economic value and net interest income under different interest rate scenarios. The stress test results show that the interest rate risk of bank books is controllable. In terms of trading books, the Group monitored the valuation and quota implementation of bond business on a daily basis, and there was no trigger limit in the first half of 2023.

In the first half of 2023, liquidity in the banking system maintained a reasonable and abundant overall, superimposed on the weak repair of endogenous kinetic energy in the domestic economy, and the 10-year national debt interest rate broke through 2.635%; Monetary policy remained flexible and moderate. In the first half of the year, the central bank successively lowered the RRR and cut interest rates, and the shibor interest rate of each term showed a large downward trend. It is expected that the domestic economic recovery will continue to pick up in the second half of the year. The Group will pay close attention to the recovery of macroeconomic policies and economic fundamentals, improve the forward-looking interest rate risk management, strengthen the differentiation and refined pricing of internal and external interest rates, and ensure the continuous improvement of the Group’s income and market value.

3. Analysis of exchange rate risk Exchange rate risk mainly comes from currency mismatch between assets and liabilities of the Group and capital and currency head caused by foreign exchange transactions.

Inch mismatch. The Group mainly uses foreign exchange exposure analysis and sensitivity analysis to measure exchange rate risk. The Group is mainly engaged in RMB business, with specific transactions involving USD and EUR, with few transactions in other currencies. Foreign currency transactions are mainly the Group’s self-operated and valet spot business, self-operated and valet swap business and valet forward business.

In the first half of 2023, the exchange rate of US dollar against RMB rose sharply, mainly due to the different economic cycles and opposite monetary policies of China and the United States, and the slowdown of domestic economic recovery, which deepened the upside-down spread between China and the United States. By the end of June, the spot exchange rate of USD against RMB in the inter-bank foreign exchange market had closed at 7.226, up by 3.75% compared with the end of last year. With the appreciation of USD, the Bank appropriately increased its USD exposure compared with the end of last year, with a total foreign exchange exposure of 620 million yuan, and the overall foreign exchange risk was controllable. The Group will continue to pay attention to the global economic situation, strengthen the research and judgment on the exchange rate trend, rationally allocate local and foreign currency assets, improve the foreign exchange exposure risk management ability and foreign exchange assets and liabilities management level by strengthening the dynamic management of foreign exchange deposit and loan scale and rationally arranging the use of foreign exchange funds, and actively explore the use of exchange rate derivative financial instruments to hedge exchange rate risks.

(4) Liquidity risk management

Liquidity risk refers to the risk that sufficient funds cannot be obtained in time at a reasonable cost to pay off debts due, fulfill other payment obligations and meet other capital requirements for normal business development. The objective of the Group’s liquidity risk management is to ensure that the Group can meet the liquidity demand and fulfill its external payment obligations caused by assets, liabilities and off-balance sheet business in a timely manner, maintain the overall safe and steady operation, protect depositors’ interests and effectively balance the efficiency and safety of funds under normal operating environment or stress.

The Board of Directors of the Group bears the ultimate responsibility for liquidity risk management. The Asset-Liability Management Committee and the Risk Management Committee under the senior management are responsible for formulating policies and strategies related to the overall management of the Group’s liquidity risk. The Asset-Liability Management Department, the Risk Management Department, the Fund Operation Department, the International Business Department and other relevant departments and offices cooperate with each other to form an organizational structure of liquidity risk management with division of labor, clear responsibilities and efficient operation.

The Group ensures payment through continuous monitoring and management of bank-wide positions. Strengthen the monitoring of liquidity risk, and combine the use of FTP internal fund transfer pricing system to improve the management level of fund scheduling within the system. The Group updated the liquidity risk stress test scenario annually and conducted the liquidity risk stress test quarterly to test the Group’s risk tolerance under extreme pressure. The results showed that the difficulty of liquidity risk management under the stress scenario increased, but it was still within the controllable range.

Adhering to the prudent and compliant business philosophy, the Group continued to optimize the asset-liability structure, formulated and implemented the liquidity risk appetite and limit control plan for 2023, carried out forward-looking liquidity risk indicators calculation in combination with the external environment and internal business changes, deployed and dynamically adjusted liquidity risk management strategies in advance, and promoted the liquidity risk indicators to meet the standards continuously. Continue to strengthen the daytime liquidity risk management, improve the liquidity risk management information system, strengthen the monitoring and control of high-quality liquidity assets, and promote the implementation of refined management.

In the first half of 2023, the macro-policy adhered to the principle of stability and progress, and the overall economic operation improved. The prudent monetary policy is precise and powerful, the countercyclical adjustment is intensified, the total liquidity is kept in line with the market demand, and liquidity in the banking system is generally reasonable and abundant. The Group strictly implemented the liquidity risk limit control mechanism, maintained a good liquidity level, and all the main indicators reflecting the liquidity status of the Group met the regulatory requirements.

Qualified high-quality liquid assets refer to all kinds of assets that can be quickly realized in the financial market without loss or minimal loss through sale or mortgage under the pressure scenario set by liquidity coverage ratio. The net cash outflow in the next 30 days refers to the difference between the expected total cash outflow and the expected total cash inflow in the next 30 days under the stress scenario set by liquidity coverage ratio. The total expected cash outflow is the sum of the products of related liabilities and off-balance-sheet items and their expected turnover rate or withdrawal rate under the stress scenario set by liquidity coverage ratio. The total expected cash inflow is the sum of the product of the balance of contractual receivables on and off the balance sheet and its expected inflow rate under the stress scenario set by liquidity coverage ratio. The total expected cash inflow that can be included shall not exceed 75% of the total expected cash outflow.

(V) Operational risk management

Operational risk refers to the risk of losses caused by imperfect internal procedures, information technology systems or problematic personnel and external events. Based on the principle of comprehensiveness and prudence, the Group implemented operational risk management strategies that matched the asset scale and business complexity under the comprehensive risk management system and followed the overall risk preference.

During the reporting period, the Group continuously improved its operational risk management system, strictly guarded against major operational risk events, and strived to achieve comprehensive identification and effective control of operational risks. First, continuous monitoring and identification of operational risks. Continuously optimize the monitoring system of key risk indicators, collect indicator data and risk loss data regularly, and lay a solid foundation for risk measurement. The second is to comprehensively evaluate and improve risk control measures. Through post-system evaluation, identify and sort out the key risk links in various business management activities, update and optimize risk control measures, and improve management capabilities.

The third is to carry out a number of risk investigations. Organize special investigations on anti-money laundering, employee behavior, illegal fund-raising risk and case risk, daily supervision afterwards, special inspections on cash receipt and payment and anti-counterfeit currency business, and continuously strengthen risk prevention in key areas. The fourth is to consolidate business continuity management. Make a drill plan as a whole, carry out a centralized switching drill of the new remote disaster recovery center system, verify the business takeover ability of the disaster recovery center, and effectively guarantee the stable operation of the whole bank’s business. Fifth, strengthen outsourcing risk management. Organize the special risk assessment of information technology outsourcing and the risk investigation of outsourcing business lines, evaluate the risk status of all aspects of outsourcing business, and continuously improve the quality and efficiency of outsourcing risk management.

(VI) Reputation risk management

Reputation risk refers to the risk that the Group’s operation, management and other acts or external events lead to negative comments on the Group by stakeholders, the public and the media, thus damaging the brand value of the Group, which is not conducive to the normal operation of the Group, and even affects market stability and social stability.

During the reporting period, the Group established and improved the reputation risk management mechanism, and further strengthened the classified management of reputation risk, customer emergency and complaint handling, emergency handling of sudden public opinion, information release process management, and standardized management of publicity work. At the same time, we will continue to do a good job in public opinion monitoring and disposal, actively and effectively prevent reputation risks and respond to negative public opinion events, and actively safeguard the Bank’s good market image in order to achieve the overall goal of reputation risk management.

(VII) Information Technology Risk Management

Information technology risk refers to the operational, legal and reputation risks arising from natural factors, human factors, technical loopholes or management defects in the process of using information technology.

During the reporting period, the Group continued to improve the information technology risk management system and enhance the efficiency of information technology risk management, and no major information technology risk events occurred. The first is to optimize the institutional system. Update the implementation rules of information technology risk assessment, further standardize all aspects of information technology risk assessment, and improve the comprehensiveness, effectiveness and operability of the system. The second is to strengthen operation and maintenance control. Strengthen 7×24 operation and maintenance duty management, do a good job in network security at important points such as New Year’s Day, Spring Festival and "two sessions", and effectively maintain the stable operation of important businesses. The third is to implement evaluation and monitoring. Set up an expert group to implement the risk assessment link before the construction of important information system projects, regularly carry out information technology risk monitoring and analysis, and timely find and deal with potential risks.

(8) Money laundering risk management

The Group earnestly implemented the spirit of Chongqing Anti-Money Laundering Work Conference, consolidated the foundation of performing its duties, and improved the effectiveness of preventing money laundering risks.

During the reporting period, the Group strictly implemented the regulatory requirements for anti-money laundering, actively responded to the work deployment, revised the internal control system for anti-money laundering, optimized the system functions, held a joint anti-money laundering meeting, promoted synergy, normalized data governance and supervision and management, strengthened training and publicity, improved the initiative, consciousness and enthusiasm of all staff in anti-money laundering performance, promoted the transformation of anti-money laundering work to "risk-oriented", actively cooperated with the three-year action to crack down on money laundering crimes, and constructed a new development pattern of anti-money laundering work.

(9) Information on internal audit

The Group established and improved the internal audit system in accordance with laws and regulations. The internal audit works under the leadership of the Party Committee and the Board of Directors, and is responsible for and reports to them. The board of directors is responsible for establishing and maintaining a sound and effective internal audit system to ensure the full independence of internal audit. The internal audit institution is equipped with full-time auditors, and the internal audit personnel configuration meets the regulatory requirements.

During the reporting period, the internal audit adhered to the goal of service organization, paid equal attention to post supervision and prevention in advance, strengthened risk judgment, highlighted audit key points, completed audit projects, and further improved the level of audit supervision. Keep integrity and innovation, continuously improve the internal control evaluation system, form an objective and fair evaluation conclusion, give play to the role of encouragement and guidance, and promote the realization of internal control objectives. Strengthen the application of audit results, further promote the three rectification mechanisms of linkage rectification, audit supervision and evaluation, promote the implementation of national policies, regulatory requirements and the strategy of the Head Office, and help the Bank to develop with high quality.

(X) Related party transactions

During the reporting period, the Bank continuously improved the management of related party transactions according to the requirements of listed banks. Strengthen the management of related party list, regularly collect information from related parties, dynamically manage and update the list in time, strengthen the identification of related parties, and build a solid foundation for related party transaction management. Strictly review and approve related party transactions, control the compliance risks of related party transactions, standardize the implementation of related party transactions review and disclosure standards, and timely fulfill the obligation of filing or submitting related party transactions. Strengthen the control of concentration of related party transactions, regularly monitor the concentration indicators of major shareholders and related parties of the Bank to prevent concentration risks, and all relevant indicators met the regulatory requirements during the reporting period.

1. Related party transactions related to daily operations

During the reporting period, the Bank conducted related party transactions in accordance with regulatory requirements and the Bank’s Measures for the Administration of Related Party Transactions, and the pricing was fair, which was in line with the overall interests of the Bank and shareholders.

(1) According to the relevant regulations of China Banking and Insurance Regulatory Commission, China, 4 major related party transactions were approved during the reporting period, which were awarded at the end of the reporting period.

The net amount of letters was 16.408 billion yuan.

(2) According to the relevant regulations of the Shanghai Stock Exchange, during the reporting period, the Bank granted loans to related natural persons under the relevant regulations of the Shanghai Stock Exchange.

The balance is 10,441,000 yuan.

On April 27th, 2023 and May 25th, 2023, respectively, the 28th meeting of the 5th Board of Directors and the 2022 Annual General Meeting of Shareholders of the Bank reviewed and passed the Proposal on Reviewing Related Transactions of Chongqing Yufu Capital Operation Group Co., Ltd. and its Related Parties, the Proposal on Reviewing Related Transactions of Chongqing Urban Construction Investment (Group) Co., Ltd. and its Related Parties, and the Proposal on Reviewing Related Transactions of Chongqing Development Investment Co., Ltd. In the case, it was agreed to grant a comprehensive credit line of 9,942,330,000 yuan to Chongqing Yufu Holding Group Co., Ltd., 17,500,000,000 yuan to Chongqing Urban Construction Investment (Group) Co., Ltd. and 17,500,000,000 yuan to Chongqing Development Investment Co., Ltd., all of which have a credit period of one year.

VI. Capital Management

The Group implements comprehensive capital management, including capital management policy formulation, capital planning, capital adequacy ratio management plan, capital measurement, internal capital adequacy assessment, capital allocation and capital assessment management. The objective of the Group’s capital management is to effectively balance the supply and demand of capital, strengthen the restraint and guidance of capital on business, keep the capital level continuously higher than the regulatory requirements, and reserve a certain margin of safety and buffer zone.

In the first half of 2023, the Group continued to promote the refinement of capital management, formulated and implemented the capital plan for 2023-2025, rationally arranged the risk-weighted asset plan, adjusted the business structure, improved the efficiency of capital use, maintained sustained capital growth, further consolidated the bank’s capital strength and continuously enhanced its ability to serve the real economy. During the reporting period, various capital indicators performed well, which provided a strong guarantee for the steady development of the Group’s business and the implementation of the strategy.

(1) Capital adequacy ratio

The Group calculates the core tier-one capital adequacy ratio, tier-one capital adequacy ratio and capital adequacy ratio according to the Capital Management Measures of Commercial Banks (Trial) of China Banking and Insurance Regulatory Commission, China, in which the credit risk is measured by the weight method, the market risk is measured by the standard method and the operational risk is measured by the basic index method. The calculation scope of capital adequacy ratio includes all branches of the Bank, affiliated village banks, leasing companies and wealth management subsidiaries.

By the end of June 2023, the Group’s capital adequacy ratio was 15.30%, down by 0.32 percentage points from the end of last year; The core tier-one capital adequacy ratio and tier-one capital adequacy ratio were 12.86% and 13.57%, respectively, down by 0.24 and 0.27 percentage points from the end of last year.

The Group’s capital adequacy ratio at all levels decreased slightly compared with the end of last year, which was mainly due to the fact that the growth rate of net capital was lower than that of risk-weighted assets due to the full deduction of core Tier 1 capital from shareholders’ dividends in the previous year in the second quarter.

(II) Leverage ratio

The Group measures and discloses the leverage ratio in accordance with the Measures for the Administration of Leverage Ratio of Commercial Banks (Revised).

By the end of June 2023, the leverage ratio of the Group was 8.09%, down by 0.18 percentage point from the end of last year, mainly due to the fact that the growth rate of net Tier 1 capital was lower than the growth rate of assets on and off the balance sheet.

VII. Outlook

(A) the industry pattern and trends

In the first half of 2023, China’s economy continued to recover and industrial upgrading achieved remarkable results. GDP increased by 5.5% year-on-year, the contribution rate of added value of service industry to economic growth reached 66.1%, and the per capita disposable income of national residents actually increased by 5.8%. The speed of economic recovery is in a leading position among the major economies in the world. In the second half of the year, China will intensify macro-policy regulation and control, focus on expanding domestic demand, boosting confidence and preventing risks, and constantly promote the sustained improvement of economic operation, the continuous enhancement of endogenous power, the continuous improvement of social expectations and the continuous resolution of potential risks, so as to promote the sustained economic recovery and strive to achieve the annual development goals.

As far as Chongqing’s regional economy is concerned in the same period, the city adheres to the general tone of striving for progress in stability, and strives to promote high-quality development. The policy effect of steady growth, stable employment and stable prices continues to appear, and the economic operation maintains a recovery trend. The city’s regional GDP reached 1.43 trillion yuan, up 4.6% year-on-year, and the per capita disposable income of residents increased by 5.3% year-on-year. The city has promoted the "No.1 Project" in the economic circle of Chengdu-Chongqing twin cities, with a total investment of 241.1 billion yuan, up 17.3% year-on-year, accounting for 54.7% of the annual investment plan. In the second half of the year, Chongqing will focus on the "33618" modern manufacturing cluster system, accelerate the shaping of Chongqing’s new business card of "digital manufacturing and smart industry", and promote the effective improvement of economic quality and reasonable growth of quantity.

(II) Development strategy and business plan of the company

The Bank will continue to push forward the strategy of "establishing retail business, developing business through science and technology, and forcing talents", focusing on building an integrated four-wheel drive development system, promoting the "three changes" of the Bank through comprehensive digital transformation, and taking the road of stable and high-quality development. First, consolidate and improve the financial ecology and focus on strengthening the main body of "big retail". We will make every effort to improve the service ability of rural revitalization and inclusive finance and the sense of gaining the subject of micro-market, highlight the recognition of county financial brands, strengthen the construction of ecological scenes, establish and improve the online product system, and maximize the development space of "big retail". Second, continue to strengthen linkage and integration, and constantly enhance the role of "four drives". The company’s financial business should strengthen coordinated marketing, cultivate the competitiveness of the company’s financial market, improve the digital level of the company’s business, create comprehensive services and enhance comprehensive returns. Financial market business focuses on improving investment and research ability and trading ability, reasonably matching product scale and term, and enhancing trading contribution. Financial technology focuses on business and technology integration and innovation, continuously promotes the optimization and upgrading of science and technology systems, and enhances the support ability of technology to business. Pay attention to the introduction of talent team, shape all employees’ innovative, research-oriented, digital and market-oriented thinking, build a full-featured and compound team, and promote the transformation and development of the whole bank. The third is to adhere to the digital transformation of science and technology empowerment and enhance the new vitality of modern finance. On the one hand, fully integrate into the construction of digital Chongqing, strengthen the cooperation between government and banks, expand high-quality government digital resources and improve service efficiency. On the other hand, fully implement digital genetic transformation and promote digital transformation of business model, management process and organizational structure.Further improve efficiency, optimize experience, enhance competitiveness, and promote better development of the whole bank. The fourth is to sort out the optimization mechanism process and effectively improve the management vitality. Fully lay a solid foundation for risk prevention and control, focus on stabilizing asset quality, and serve the steady development of the whole bank’s business; Solidly promote key reform tasks, continuously improve the efficiency of resource allocation, and effectively broaden the coverage of financial services.

Under the management of the original property management company, the overall environment of Tianfeng Huafu Community is quite clean, and the children’s facilities are relatively new.

The daily operation of urban residential quarters is inseparable from the management and service of property companies, and good management is related to the owners’ sense of acquisition, happiness and security. For a long time, most communities have handed over property management to specialized property companies. On May 1 this year, the owners’ committee of Tianfeng Huafu Community in Tashan Street, Yuecheng District "fired" the property company and adopted the owner’s self-management mode to become the "housekeeper" of the property. In fact, nearly 40 residential property services in Yuecheng District have embarked on the road of "autonomy". What is the operation of this property management model? The reporter conducted a survey.

After ten years of service, I was suddenly "fired"

Tianfeng Huafu Community, located on Toulaohe Road in Yuecheng District, is not large in scale, with only 16 buildings and 184 households. It was completed in 2005. From the aspects of building quality, geographical location and school district resources, Tianfeng Huafu is a leader in the same age community. However, to the surprise of the owners, from May 1 this year, the fourth owners’ committee of the community changed the original property management mode, and chose the owner’s "autonomy" mode instead of hiring a property company to manage the property.

A few days before May, the management office of the property company has closed its doors.

On the eve of May 1 ST, the reporter came to the community, and two security guards sat at the gate, and did not ask the reporter to register. Walking into the community, the reporter saw that many stone slabs on the road were loose; In the green belt, trimmed branches are piled up, and some of them are completely withered. However, the environmental sanitation of the community is good, and private cars are parked in an orderly manner.

On the door of each unit building, there is a "thank you letter" written by "Xinyi Property" to the owner. "After the expiration of the contract on April 30, 2023, we will no longer hire our company to implement residential property management, so our company will withdraw from residential property management on May 1, 2023. Tianfeng Huafu Community is the first community to implement management after the establishment of the company, and it has also been the longest community to implement management. It is the starting point for the company to start its business and the birthplace of continuous growth and growth. On the occasion of farewell, I would like to express my deep gratitude to the owners … "The sincere words reveal the feelings of the property company.

The property company was suddenly "fired", causing quite a stir among the owners. Some owners said that the service of the property management company was not bad as a whole, and there was no particularly unpleasant thing with the owners. It was difficult to understand that it was suddenly not hired. Some owners also said that the property company’s service is so-so, especially in the maintenance of public facilities, such as untimely greening and pruning, poor lighting in the basement, etc. Now the owners have high requirements for property services, and it is understandable to change the management mode.

Regarding the "autonomy" of the owners in the community, the members of the owners’ committee declined the interview. "The work of’ autonomy’ has just started. After it has achieved results, we welcome media attention." One member said. However, the owners are full of expectations for "autonomy": they hope that the residential property services will become more and more perfect and the property management will become more and more standardized and orderly.

Mr. He, the person in charge of "Xinyi Property", said that they have served in Tianfeng Huafu Community for 10 years, and the property fee has never risen. The collection rate of property fee is close to 100%, which fully shows that the quality of their service has been recognized by the owners. This time, he was suddenly dismissed by the owners’ Committee. He was really sad. After all, he had deep feelings with the owners for so many years. In fact, the public facilities in Tianfeng Huafu Community are getting worse and worse. Over the years, they have invested a lot in maintenance, but it is difficult to satisfy all owners with property services. "Although we quit the residential property management, we will come back as long as the owners need it." Mr. He said.

Exploring autonomy in four communities of Jishan street

It’s not the first time that Tianfeng Huafu Community’s property management has embarked on the road of owner’s "autonomy". Many communities in Yuecheng District have chosen this management mode, and some have explored some experiences.

Walking into Qin Wang Jiayuan Community, the south street of Yuecheng District, I saw clean environment and orderly parking. The community is also small, with 9 buildings and 277 households. After the house was handed over in 2003, the property management of the residential area was under the responsibility of the property company under the director. Later, due to the low collection rate of property fees, the property company withdrew and a new property company settled in, but the service was still unsatisfactory, and then it quit management. In November 2018, after the third owners’ committee took office, it adopted an "autonomous" mode for residential property management.

Vehicles in and out of the gate of Qin Wang Jiayuan Community in an orderly manner.

The owners’ committee hired security guards, cleaners and other personnel, and at the same time rectified the residential environment. After the sanitary corner was cleaned up, it added greening and added some leisure stools and other facilities. Unified planning of parking spaces in the community, implementation of "green parking" in some areas, and measures such as differentiated parking fees and internal adjustment of parking spaces have basically solved the parking problem.

Through "autonomy", residential property management has changed. Ling Xingjuan, director of the owners’ committee, summed up the successful experience: the team of the owners’ committee is United and discusses small matters with each other; Respect public opinion, and hand over the major events of the community to all owners for decision; Selfless, members are not paid.

Four communities in Meidong Community of Jishan Street, such as Meidong New Village and Jinghua New Village, all implement the owner’s "autonomy" model, and the owners’ committee is mainly responsible for the property services of community cleaning, greening and public facilities maintenance. The management mode has been running for more than 10 years, and it has been relatively smooth, and groups of enthusiastic owners have participated in property management, which has guaranteed the basic property services of the community.

The environment of Meidong Xincun Community is clean and tidy, and the flowers are blooming in spring.

However, the reporter’s investigation found that some of the communities that adopted the "autonomy" model did not run smoothly and finally failed. A certain district in Yuecheng District has been "autonomous" for many years, and the previous sessions have run well. Recently, however, with the new owners’ committee taking office, there have been many contradictions between owners and owners’ committees, and property management and services have been discounted. "The services provided by’ autonomy’ are few in content and low in quality, mainly based on cleaning and green protection, and the maintenance of public facilities is basically not involved." An owner of the community revealed that there are many contradictions between the owners and the owners’ committee.

After the early property management company in another residential area in Yuecheng District withdrew, it adopted the "autonomy" mode, and the director of the owners’ committee was full of energy. However, due to his age, he may live frugally at ordinary times, and his investment in property management has been carefully calculated, resulting in a continuous decline in service level and many opinions from the owners. With the end of the term of the owners’ committee, "autonomy" also collapsed, and finally the property company was re-employed.

Community autonomy　There are both passive and active

According to the survey, as early as 10 years ago, after the original property companies in some old communities withdrew from management, no new property companies were willing to take over. Faced with the embarrassment that the property was about to lose control, individual communities had no choice but to choose the owner’s "autonomy" mode.

According to statistics, there are not many communities in Yuecheng District that choose the owner’s "autonomy" mode, accounting for about 4% of the total number of communities. Some of them are communities that property companies are unwilling to take over, and some take the initiative to "fire" property companies to implement self-management. These communities have several common characteristics: in terms of construction time, most of them are old communities, and some of them are more than 30 years old; In terms of volume, the scale is relatively small, and the total number of owners in the community is one or two hundred; In terms of hardware, most of the residential areas can be managed in a closed way, and there are certain rooms for management and operation. The funds for "autonomy" are relatively guaranteed, and the management environment of the residential areas is relatively harmonious.

The reporter learned from the housing management department of Yuecheng District that the owner’s "autonomy" is actually the owner’s own management. This management mode is also a type of residential district management in Yuecheng District at present, which is self-managed through the joint decision of all owners. The successful practice of individual communities is not reproducible due to the differences in management conditions. At the same time, there is still a certain gap between the current service content and standards of these self-managed communities and the professional services. For communities with conditions, it is recommended to entrust professional property management companies as far as possible.

In addition, the self-management of residential property is implemented, and the Shaoxing Property Management Regulations also has provisions, and it is clearly stipulated that the executor of self-management, as well as the content, standard, cost and time limit of self-management should be decided when choosing self-management. But in reality, the executor of community self-management is the owners’ committee, and the contents and standards of management are not clear.

How about autonomy?　Some people applaud, some people sing bad.

Regarding the owner’s "autonomy" mode, the reporter found that there are two voices. Chen Lifang, Party Secretary of Nanmen Community in Chengnan Street, said that through years of "independent" management, the owners’ happiness and sense of gain have been greatly improved, and the pressure on community cadres has been greatly reduced, which is beneficial to the steady progress of social governance. "The community owners play a sense of ownership, become their own masters, effectively avoid the loss of control of the community through’ autonomy’, and a large number of enthusiastic owners have long participated in the management of community public affairs, and the neighborhood relationship is more harmonious." Wang Guoping, secretary of the Party Committee of Meidong Community in Jishan Street, said.

There are also some people who have raised concerns. Ling Xingjuan, director of the owners’ committee of Qin Wang Jiayuan Community, said that due to the age of the employed security guards and other personnel, the employment risks are also great, and the industry committee is not a specialized property company, some services are difficult to be satisfied by the owners, and "autonomy" may not last long. "Some owners initially joined the owners’ committee with enthusiasm, but after they started their work, they encountered difficulties and encountered resistance, so they resigned as members. Eventually, the owners’ committee could not operate, and’ autonomy’ was abandoned halfway, which affected the property management of the community." A community cadre in Jishan Street said.

Some people in the industry said that the owner’s "autonomy" model has indeed solved some difficult problems in property management in old residential areas, but there are also many problems, such as the lack of professionalism in management and service, the absence of operation supervision of owners’ committees, and legal risks in employment. Whether the operation is good or not is related to the knowledge structure, work ability and public morality consciousness of the owners’ Committee team.

Lawyer Lu Zhoubin of Zhejiang Hetai Law Firm said that according to the provisions of the Provincial High Court on labor dispute resolution, the staff employed by the owners’ committee do not constitute labor relations, and the two sides are not protected by the labor law, but ordinary civil relations, and the basic social security of workers cannot be implemented. In order to protect workers and avoid their own legal responsibilities, when some residential quarters in Hangzhou implemented "autonomous" management, the owners’ committee signed an agreement with the employer, and the employer sent workers to the community to provide labor services.

CCTV News:At present, the international trade situation is complicated, and Yiwu, Zhejiang Province, known as the "world supermarket", stands at the forefront. After visiting Yiwu International Trade City on the spot, the reporter found that most business households remained calm and conveyed their confidence to the outside world through various means.　

In this kitchen ware shop, business owner Liu Pingjuan is introducing products to a buyer from Sweden. He told reporters that his business does not depend on the American market. Although the goods ordered by American customers years ago were intended to be shipped at the end of April, the goods have been exported to the African market.

Liu Pingjuan, the business owner of Yiwu International Trade City, said: "Our enterprises in Yiwu, including those in China, are full of tenacity. If you close one door, we can open countless doors because we are engaged in global trade. At present, South American markets such as Brazil and Mexico, for the five Central Asian countries and for Africa, the layout in these two years is still very impressive. "

In the Christmas supplies area, the reporter saw that many foreign businessmen are selecting samples and negotiating orders in various shops.

Jiang Jiangping, a business owner of Yiwu International Trade City, said: "Our Yiwu market is doing global business. The United States is not bright in the west, but we are bright in the east. I can do more business like Kazakhstan and Russia, and they are all doing well. The American list is not picked up, and I can pick up these lost lists when I am free. "

Every working day at 8: 30 in the morning, there will be a vivid foreign language class in the atrium of Yiwu International Trade City, which has been held for 19 years. From English to Arabic, some people take notes while eating instant noodles, and some people hold mobile phones to compare Arabic teaching videos.

The Arabic teacher said: "I am particularly motivated and more energetic than young people."

Driven by the guidance of local governments and the initiative of enterprises to "go global", in recent years, Yiwu has already moved into the wilderness of diversified operations, extending its commercial tentacles to Southeast Asia, Africa, South America, the Middle East and other regions. The data shows that in the first quarter of 2025, the total import and export value of Yiwu reached 167.45 billion yuan, a year-on-year increase of 13.0%.　

Chengdu, Sichuan: furniture export is seriously blocked, and many parties work together to expand the domestic market.

Chengdu is one of the main gathering places of furniture industry in China. Due to the influence of American tariffs, some furniture export enterprises in Chengdu have their orders returned. Just when they are at a loss, a turning point appears. Let’s watch the reporter’s investigation together.

When the reporter came to a furniture production base in Chengdu, Zheng Xinwei, who specializes in furniture export business, was counting the sofa goods under the influence of US tariffs.

Zheng Xinwei told reporters that more than 90% of their products were sent to the United States, and this sudden tariff made the whole factory press the pause button. The backlog of a large number of goods makes the company’s capital chain on the verge of breaking. Faced with this situation, Zheng Xinwei seemed helpless, and the reporter had to end the interview. However, what people didn’t expect was that the turnaround came quickly. Just one day later, the reporter received a phone call from Zheng Xinwei.

The reporter came to a large commercial complex in Chengdu and saw Zheng Xinwei’s sofa exhibition area as soon as he entered the door. Many consumers experience and consult on the spot, and Zheng Xinwei and his colleagues are also busy explaining.

Why did the turnaround come so fast? The reporter learned that in recent days, the local authorities are also working hard to find out the needs of enterprises affected by US tariffs, accurately carry out docking activities, provide venues and channels for high-quality export commodities such as furniture, food and household items, and accelerate the introduction of domestic supermarkets and e-commerce platforms.

Zheng Xinwei, the head of a home furnishing company in Chengdu, Sichuan, said: "There are many domestic and foreign guests who have consulted in the past two days. The big domestic construction contractors have recognized our products very much, and now they have started the follow-up docking work, which has also rekindled our confidence in the market prospects."

Beijing Zhengban made [2000] No.102

The people’s governments of the districts and counties, the commissions, offices and bureaus of the municipal government, and the municipal institutions:

　　The detailed rules for the implementation of the Interim Measures for the Supervision and Assessment of the Work Objectives of Beijing Municipal State Administrative Organs in Strict Governance (for Trial Implementation) formulated by the Municipal Personnel Bureau have been approved by the municipal government and are hereby forwarded to you, please follow them.

　　According to the Interim Measures for the Supervision and Assessment of the Implementation of Work Objectives by Beijing Municipal State Administrative Organs (issued by the Beijing Municipal Government’s Document No.20 [2000]), the Beijing Municipal Supervision and Assessment Office is responsible for the supervision and assessment of the implementation of work objectives in this Municipality. The Beijing Municipal Supervision and Assessment Office is located in the Municipal Personnel Bureau, and its daily work is undertaken by the Municipal Personnel Bureau and the general office of the municipal government. The list of members is as follows:

　　Chairman: Secretary-General of Huang Chengxiang Municipal Government and Director of General Office of Municipal Government.

　　Deputy Director: Deputy Secretary-General of Li Aiqing Municipal Government and Deputy Director of the General Office of the Municipal Government.

　　　 　 　 　 　 　 　 Director of Personnel Bureau of Xintieliang City

　　Member: Deputy Director of the General Office of Pan Liqun Municipal Government

　　　 　 　 　 　 　 　 Deputy Director of Legislative Affairs Office of Zhou Jidong Municipal Government

　　　 　 　 　 　 　 　 Deputy Director of Personnel Bureau of Huangqiang City

　　　 　 　 　 　 　 　 Director of Statistics Bureau of Tanglong City

　　　 　 　 　 　 　 　 Deputy Director of Finance Bureau of Luoqing City

　　　 　 　 　 　 　 　 Wang Rengen, Deputy Director of Municipal Supervision Bureau

　　　 　 　 　 　 　 　 Cui Yimin, Deputy Secretary of directly under the authority Working Committee

　　September 6, 2000　　

Detailed Rules for the Implementation of the Interim Measures for the Supervision and Assessment of the Work Objectives of Beijing Municipal State Administrative Organs (for Trial Implementation)

　　In order to implement the Interim Measures for the Supervision and Assessment of the Work Objectives of Beijing Municipal State Administrative Organs in Strict Governance (issued by the document No.20 of Beijing Zhengfa [2000] of the municipal government, hereinafter referred to as the Interim Measures for Supervision and Assessment), strengthen the supervision and assessment of the implementation of the work objectives, and comprehensively complete all the work objectives and tasks, these detailed implementation rules (for Trial Implementation) are formulated.

　　First, the object of supervision and assessment

　　The municipal state administrative organs (including the general office of the municipal government, the constituent departments of the municipal government, the institutions directly under the municipal government, the management institutions of the municipal government departments, the Beijing Municipal People’s Air Defense Office, the Office of the Capital Greening Committee, and the Beijing Municipal Information Office, hereinafter referred to as the municipal government departments) are the objects of supervision and assessment.

　　Second, the content of supervision and assessment

　　(a) the completion of the work objectives of the municipal government departments this year. The work objective mainly includes: the name of the work objective, the guarantee measures to complete the work objective, the work standard, the completion time, the responsible person, etc. To determine the work objectives, we should adhere to the principles of clear objectives, prominent focus, detailed content, easy inspection and simple operation. The guarantee measures to achieve the work objectives refer to the organizational guarantee, material guarantee and specific working methods provided by the department; Work standards refer to the degree of work objectives that should be completed within the prescribed time limit, and should be quantified as much as possible.

　　(two) the completion of the special tasks of the municipal government departments this year. Special tasks include: doing practical things for the masses announced by the municipal government; Municipal government passbook project; Letter of responsibility signed by the mayor and the municipal government departments; Important tasks of municipal government documents and meeting arrangements; City leaders instructions, assigned matters, etc.

　　(three) the implementation of the implementation plan of the municipal government departments to promote the administration according to law. Mainly includes: the administrative behavior of the municipal government departments, administrative law enforcement and so on.

　　(four) the construction of a clean government in the municipal government departments. It mainly includes: honest and diligent administration, administrative discipline and work style, compliance with laws and regulations, etc.

　　Three, supervision and assessment departments and specific division of labor

　　Beijing Municipal Supervision and Assessment Office (hereinafter referred to as the Municipal Supervision and Assessment Office) is responsible for the supervision and assessment of the implementation of the work objectives of the municipal state administrative organs. The Municipal Supervision Examination Office is a temporary organization, composed of relevant personnel from the general office of the municipal government, the Municipal Personnel Bureau, the Legislative Affairs Office of the municipal government, the Municipal Supervision Bureau, the Municipal Bureau of Statistics, the Municipal Finance Bureau, the Municipal directly under the authority Municipal Working Committee and other departments. The daily work is shared by the Municipal Personnel Bureau and the general office of the municipal government.

　　The division of labor of the member units of the Municipal Supervision and Examination Office is as follows: the Municipal Personnel Bureau undertakes the supervision and examination of the completion of the work objectives of the municipal government departments; The general office of the municipal government undertakes the supervision and assessment of the completion of special tasks of the municipal government departments; The Legislative Affairs Office of the municipal government undertakes the supervision and assessment of the implementation of administration according to law by the municipal government departments; The Municipal Supervision Bureau undertakes the supervision and assessment of the construction of a clean government in the working departments of the municipal government. Each member unit shall, according to the division of work, formulate the inspection and evaluation elements, standards and methods for the contents of supervision and assessment, and carry out supervision and assessment work.

　　Four, supervision and assessment procedures

　　(a) to determine the content of supervision and assessment.

　　The working department of the municipal government shall, according to its functional allocation and the city’s key work in that year, carefully fill out the "target decomposition table of the working department of the municipal government", and with the consent of the deputy mayor in charge, submit it to the Municipal Dukaoban before the end of February each year, and the Municipal Dukaoban will be included in the contents of the supervision and assessment in that year. For the work objectives that have been included in the supervision and assessment, if they need to be adjusted due to special circumstances, the consent of the deputy mayor in charge should be obtained in advance.

　　The completion of the special tasks of the municipal government departments this year, the implementation of the implementation plan of administrative work according to law, and the construction of a clean government, etc., were included in the supervision and assessment content of the year.　　　

　　(2) Daily supervision.

　　The Municipal Supervision and Examination Office conducts daily inspections on the evaluated municipal government departments, conducts irregular inspections on the contents of the inspections and assessments, and timely and accurately fills in the inspection and assessment records, which is an important basis for the year-end assessment of the municipal government departments.

　　(3) Spot check for half a year.

　　In July each year, the Municipal Supervision and Examination Office forms an inspection and assessment team, and selects some departments that undertake more key work of the municipal government this year to conduct spot checks for half a year. Half a year’s spot checks are mainly carried out by means of holding a forum and on-the-spot inspection, focusing on the completion of the key tasks and work objectives of the municipal government undertaken by the municipal government departments.　

　　(4) year-end assessment.

　　At the end of each year, the municipal government departments for year-end assessment. The year-end assessment is mainly carried out in accordance with the steps of self-examination by the working department of the municipal government, inspection by the municipal governor’s office, opinion polls, recommendation by leading comrades, and determination of the order of supervision and assessment by the mayor’s office.

　　1。 The department conducts self-examination and self-evaluation. Before the end of each year, each department shall conduct self-examination item by item according to the work objectives set at the beginning of the year. The contents of the self-inspection include: whether the work objectives are completed within the prescribed time limit and whether they meet the prescribed standards. The reasons for the failure to complete and the failure to complete the target on time and according to the standard should be explained in detail. After the end of the self-examination, the summary report of this year’s supervision and assessment and the self-examination shall be reported to the municipal governor for examination.

　　2。 City Governor Kaoban checks and evaluates the contents of various inspections and assessments. After receiving the summary report of supervision and assessment from various departments, the Municipal Supervision and Examination Office will form an assessment team to conduct in-depth on-site inspection and verification. Combined with the daily inspection and half-year spot checks, the contents of the annual work objectives, special tasks, administration according to law, and the construction of a clean government are evaluated item by item in accordance with the assessment criteria stipulated in the Interim Measures for Supervision and Assessment.

　　3。 Poll. The investigation institutions recognized by the state shall, within a certain scope, ask the public to evaluate the various departments of the municipal government in four aspects: satisfaction, satisfaction, dissatisfaction and uncertainty, and make a statistical summary.

　　4。 Recommended by leaders. By the mayor, deputy mayor, secretary general of the municipal government, deputy secretary general of the municipal government and the main leading comrades of the assessed department, they voted to recommend excellent sub-grade departments.

　　5。 Determine the order of supervision and assessment. City Governor Kaoban comprehensively evaluates the contents of various inspections and assessments, and puts forward preliminary evaluation opinions of excellent, good, medium and poor grades. Together with the results of opinion polls and recommendation by leaders, it is reported to the mayor and executive deputy mayor, and submitted to the mayor’s office meeting to study and determine the annual inspection and assessment grades of the municipal government departments.

　　V. Work related to supervision and assessment

　　After evaluating the order of supervision and examination, the following work shall be carried out in accordance with the provisions of the Interim Measures for Supervision and Examination:

　　(1) Informing the inspection and assessment results. The municipal government announced the results of supervision and assessment to the public through the news media, and awarded the title of "Outstanding Performance Unit" to the departments that obtained excellent results and informed the commendation.

　　(two) the allocation of outstanding assessment and reward indicators. By the Municipal Personnel Bureau, according to the provisions of the Interim Measures for Supervision and Assessment, the indicators of outstanding personnel and rewarded personnel in the annual assessment of national civil servants in various departments were issued.

　　(three) the issuance of recognition and reward funds. According to the results of the inspection and assessment approved by the Municipal Supervision and Examination Office, the municipal finance will give the best departments, according to the per capita 1000 yuan, and the maximum number of departments will not exceed 100,000 yuan; To obtain a good department, according to the per capita 700 yuan, the department does not exceed 70 thousand yuan at most, and the award funds are issued.

　　(four) to find the reasons for timely rectification. To get the difference between the municipal government departments, in addition to the measures such as reducing the outstanding and reward indicators in the annual national civil service assessment in accordance with the regulations, the department should also carefully find out the reasons, put forward practical improvement measures, and report them to the municipal supervisory examination office for the record.

　　(five) to provide the basis for examination and use. The municipal supervision and examination office will submit the relevant materials of annual supervision and examination to the relevant departments of the municipal party Committee to provide a basis for the assessment, rewards and punishments, and the use of leading cadres in the assessed departments.

　　Six, the detailed rules for the implementation (Trial) specific issues in the implementation, by the Municipal Personnel Bureau is responsible for the interpretation of.

　　Seven, the implementation details (Trial) from the date of promulgation.

After completing the resignation formalities, Li Li walked out of the medicine building, and while waiting for the bus on the roadside, she was suddenly hit by a car … Because of this accident, Li Li was seriously injured, became a vegetable, and lay in the hospital for three years.

Three years later, she woke up unexpectedly, but she forgot her identity and even her name.

After leaving the hospital, Liu Cong, the first person Zhu Li woke up to know, became the only person she could rely on.

Occasionally, Zhu Li found herself unusually familiar with drugs. When she saw a bottle of medicine, she could accurately tell the ingredients of this medicine. Therefore, she speculated that she was probably engaged in pharmaceutical-related work before. With the medical knowledge in her memory, Zhu Li successfully entered Fangchen Pharmaceutical, the largest local pharmaceutical company, and her life seemed to start again.

At that time, Fangchen Pharmaceutical had the same scenery and was ready to go public with its climbing performance.

During the process of raising new drug approval materials, Zhu Li went to the hospital to verify the signature of the experimental doctor, but was surprised to learn that the company had forged drug experimental data. It was also on this day that Zhu Li met Xiao Yun’s parents in the hospital.

Xiao Yun, a ten-year-old girl, became a vegetable after the operation. According to the doctor, Xiao Yun’s coma was suspected to be related to the use of narcotic drugs, which was produced by Fangchen Pharmaceutical. Zhu Li thought that she was in a coma for three years because of surgery. She found her own medical record and found that the anesthetic she used at the beginning was because of methamphetamine.

Zhu Li decided to pursue the truth.

During the chat with colleagues, Zhu Li learned that the company had destroyed all the amphetamine and the files about this drug were sealed. She found the application materials at that time, but found that there was no file record in the column of production experiment. That is to say, because of phenanthrene, it is very likely that it has rushed into the market without clinical trials at all. But without clinical trials, how can it pass the examination and approval?

With the deepening of the investigation, Zhu Li found the intermediary company that had originally declared the life of Infineon. As long as it is proved that the intermediary is cheating in the declaration, it can be proved that there is a problem with methamphetamine.

The closer she got, the more familiar she felt, and the truth was slowly emerging. It turns out that her name is Lin Li instead of Zhu Li. This medical agency is where she used to work. Before becoming a vegetable, she was also one of the participants in counterfeit drugs, and the agent who signed on the intermediary company was herself.

Perhaps, somehow, it was God’s will, and Zhu Li happened to be planted on the medicine she had represented.

In order to calm this matter down, Fangchen Pharmaceutical took money as a temptation and threatened Zhu Li not to tell anything. Under the torture of conscience, she finally chose to surrender, and all the leaders of Fangchen Pharmaceutical and the participants in the counterfeit drug incident were arrested by the police.

From car accident, amnesia, tracing to prosecution, Zhu Li completed a self-salvation and got the punishment she deserved.

This seemingly perfect ending did not happen in reality, but the ending of the movie "I am a vegetable".

　

The film was released on October 15th, 2010, which happened to be in the chaotic period of China’s drug administration system reform. Tens of thousands of backlogged drug applications and the list of pharmaceutical companies waiting for approval for many years all pointed to a loophole in the industry at that time-drug approval.

In 1984, the National People’s Congress passed the Drug Administration Law, which clearly stipulated the market access system and administrative punishment measures for drugs. At the same time, drugs will be subject to two standards: national standards and local standards.

In the next 10 years, the management of the drug market is still chaotic, and it is urgent for someone to take charge of drug supervision. It was in this year that Zheng Xiaoyu entered Beijing as the director of the State Administration of Medicine, and was elected as the first director of the Food and Drug Administration four years later.

By December 1st, 2001, Article 29 of the Drug Administration Law, which was deliberated and passed by the National People’s Congress Standing Committee (NPCSC), clearly stipulated that clinical trials can be conducted only after the approval of the drug supervision and administration department of the State Council. This means that local standards can only continue to circulate after being reviewed and upgraded to national standards, otherwise they must be eliminated.

Therefore, the promotion of "landmark" to "national standard" became a major purge of the survival of the fittest in the pharmaceutical industry at that time, and it was also a game for pharmaceutical companies to enter the market and grab profits. Originally, we could use this opportunity to implement a thorough regulatory reform, but Zheng Xiaoyu, together with the drug supervision system, made a drastic rectification of drug production and circulation enterprises on the surface, secretly took bribes crazily, and passed a large number of drug approvals in a short time, making "supervision" a dead letter.

The so-called new drug approval is just a change of "skin", such as changing capsules into tablets, adding additional ingredients, and then spending tens of thousands of yuan to collect registration materials. After sending fake samples for review, you can enter the approval process for similar new drugs and register them as new drugs.

Such a simple and rude procedure has undoubtedly become a shortcut to the registration of new drugs, and it has also become the source of the falsification of experimental data of new drugs at that time.

In 2004 alone, the Food and Drug Administration accepted 10,009 applications for "new drugs". According to 250 working days per year, on average, 40 new drugs were approved every day, while the US Food and Drug Administration only accepted 148 in the same period. In such a rapid audit, fraud seems to have become an ordinary means.

One of the lines poked at the reality of drug supervision: "They are related, so they should be approved first and then supplemented …"

The crazy surge in approvals also gave birth to another freak-an intermediary company that appeared as a medical consulting company. As long as things related to drug production and operation, whether legal or illegal, can be handled by intermediary companies. And there are such magical intermediary companies, each of which is actually inextricably linked with the Food and Drug Administration, and the flow of each sum of money is self-evident.

Rome was not built in a day. In the seven years since he was in charge of National Medical Products Administration, it was Zheng Xiaoyu’s proud stroke that "landmark" rose to "national standard", and these "rent-seeking achievements" finally sent him to his grave. On May 29th, 2007, Zheng Xiaoyu was executed for accepting bribes and dereliction of duty.

Zhu Li, on the other hand, "came back from the dead" and made the right choice between conscience and interests.

Through a story of the cycle of injury and being injured, the film reveals the benefit loopholes and chaotic examination and approval phenomenon of China pharmaceutical industry in using the drug supervision system.

However, in real life, many people have given up the opportunity to re-choose their conscience for self-interest and become "vegetative" at the mercy of others.

Through a seemingly incredible coincidence, the film finally exposed the shady situation of China’s medical system like peeling onions, and deeply tortured the society’s indulgence in power and money trading.

Don’t think about the past and the present, don’t look forward and backward. The voice of the people and the torrent of reform have already waited for no time. With the passage of time, the pros and cons of the reform of the medical and health system will eventually become clear. The problem is that the cost of time is too great.

Reference article:

[1] China. com: Crazy at the End: Zheng Xiaoyu and his drug dealers.

[2] Netease News: "The Legacy of the Greedy Zheng Xiaoyu"

Source: Si Qi Club.

Author: Janessa

Typesetting: Joyce

Editor: Adam

CCTV News:On September 27th, at the routine briefing of the State Council policy on supporting the stable development of foreign trade held by the State Council Information Office, some media asked: There are still three months before the end of the year, and there are still some uncertainties in the performance of some enterprises. How can we help these foreign trade enterprises ensure the performance and timely delivery of foreign trade orders?

　　In this regard, Wang Shouwen, the international trade negotiator and vice minister of the Ministry of Commerce, said that the external demand is slowing down now, and it is very important for enterprises to ensure that the orders can be produced and delivered and the products produced can be transported. In this regard, the Ministry of Commerce attaches great importance to it and has taken a series of measures.

　　First, in terms of ensuring production, one of the six policies clearly stated that all localities should strengthen the protection of foreign trade enterprises in epidemic prevention, energy consumption, employment and logistics, ensure that these key foreign trade enterprises do not have problems in epidemic prevention, ensure the protection of electricity consumption, employment and logistics, and give full support when necessary to ensure the timely delivery of foreign trade orders. In practice, although affected by the epidemic in recent years, many experiences and practices have been accumulated in various places. For example, Sichuan recently adopted the "epidemic prevention bubble" model, which regards enterprises as the smallest epidemic prevention unit, and provides employees with food, clothing, shelter, transportation, medical care and other needs in advance. Even if an epidemic occurs, employees of enterprises move from their residences to factories in a closed loop, and production and living materials are circulated in a bubble, so that production is not affected by the epidemic. During the epidemic period, all major foreign trade and foreign-funded enterprises in Sichuan maintained full production level, order delivery was guaranteed, and industrial chain stability was consolidated. These practices are not only in Sichuan, but also in other provinces, and the Ministry of Commerce is constantly summing up, communicating with each other, and replicating and promoting them throughout the country.

　　Second, in the event of an epidemic, production enterprises should ensure that their products can be shipped out. the State Council has specially set up a leading group to ensure smooth logistics. Under the overall planning of the leading group, the Ministry of Commerce and the Ministry of Transport have established a close linkage channel to effectively ensure the smooth transportation of foreign trade goods. If local or foreign trade enterprises report problems in transportation, the Ministry of Commerce will coordinate and handle them at the first time, closely cooperate with the transportation department, and feed back the results to local and enterprises. It can be said that at present, the traffic and logistics indicators related to foreign trade goods are steadily improving. Next, we will continue to unblock the blocking points and smooth the collection and distribution. For example, China’s automobile exports have grown rapidly this year, reaching 1.9 million vehicles from January to August, an increase of 44.5% over the same period last year. Marine automobile transportation needs special ships — — Ro-ro ship, China’s ro-ro ship capacity is insufficient, so we are actively coordinating the transportation of cars through China-Europe trains. At the same time, we are also working with the transportation department to support shipping companies to innovate transportation modes and install special frames to carry cars through multi-purpose ships, which also alleviates the problem of tight export capacity of cars.

　　Third, in terms of protecting key enterprises, a "white list" of foreign trade enterprises has been established to actively serve the front and solve the practical difficulties of these foreign trade enterprises. At the national level, foreign trade goods should be included in the scope of important materials to fully guarantee transportation demand; At the departmental level, the Ministry of Commerce and relevant departments have established a contact system for large-scale backbone foreign trade enterprises. Relevant state departments and financial institutions have provided inclusive services to foreign trade enterprises with the help of the "white list", and also guided local governments to establish monitoring service mechanisms for key foreign trade enterprises in the region to strengthen production performance guarantee; At the local level, the competent commercial departments at all levels carry out regular visits through the "white list" and "one-on-one" bail-out, solve the specific problems of production performance of foreign trade enterprises, and promote the accurate introduction of policies and measures to solve common problems.

　　Fourthly, in terms of trade facilitation, the Ministry of Commerce, together with other relevant departments in the State Council, has made efforts to improve the level of trade facilitation. For example, today, the Ministry of Commerce has issued the Reference of Standard Operating Procedures for Foreign Trade Imported Goods at Maritime Air Railway Ports. No matter the ports such as railways, highways or aviation, good practices are summarized for your reference in terms of trade facilitation. At the same time, the Ministry of Commerce will also work with relevant departments to clean up unreasonable charges at ports, strengthen the supervision of the main body of charges at maritime ports, and strive to reduce the fees and costs of foreign trade enterprises.

　　First, intensify efforts to implement the policy of tax refund for tax refund.

　　The national policy has made it clear that seven industries, including wholesale and retail, will be included in the scope of the policy on the basis that enterprises in six industries, such as manufacturing, will refund the stock tax allowance in full and the incremental tax allowance in full on a monthly basis. The financial department of the province should go all out to do a good job of tax refund and promote the implementation of policies in accordance with the relevant national arrangements. First, speed up the progress of tax refund. The state has made it clear that the centralized refund of the stock tax allowance will be basically completed before June 30. Financial departments at all levels should strengthen coordination and cooperation with taxation and the People’s Bank of China, unify policies, realize information sharing, form a joint effort, and push forward the work to ensure that the stocks of small enterprises and medium-sized and large enterprises in manufacturing industries are basically completed within the specified time. The second is to strengthen financial security. Since the beginning of this year, the provincial finance has issued 60.86 billion yuan of financial subsidies to counties, an increase of 26.76 billion yuan over the same period of last year. Among them, the central government has issued 14.42 billion yuan of transfer payment funds for tax refund subsidies, tax reduction and fee reduction and key people’s livelihood in our province, all of which have been allocated to cities and counties. In the next step, after the introduction of the tax refund policy, financial departments at all levels should analyze and measure the financial impact as soon as possible, establish a fund pre-allocation mechanism, increase the allocation of treasury funds, and effectively protect the demand for tax refund funds of county financial departments. The implementation of the tax refund policy must not be affected by the guarantee of treasury funds. The third is to strengthen the risk prevention of tax refund. Municipal Finance Bureau should strengthen dynamic monitoring through the financial direct fund system, golden tax phase III and other systems to ensure the safe and efficient use of funds. We should cooperate with the tax authorities to intensify tax inspection,Resolutely prevent enterprises from defrauding tax rebates by falsely issuing VAT invoices, and at the same time guard against illegal issues such as excessive tax collection and inflated fiscal revenue in order to achieve revenue targets. The fourth is to strengthen policy propaganda. It is necessary to publicize and interpret through multiple channels, dispel doubts and doubts from multiple angles, help guide market players to make full use of various support policies, do a good job in supervision and inspection of policy implementation, and ensure that the enterprise value-added tax allowance is "willing to refund".　

　　Second, take multiple measures to accelerate the progress of fiscal expenditure.

　　Recently, the provincial department plans to issue "Several Measures on Strengthening the Management of Budget Implementation in 2022". Municipalities should formulate relevant implementation rules in light of local conditions, and further implement the requirements for accelerating expenditure progress. The first is to speed up the allocation of funds. It is necessary to complete the allocation, release and revitalization of existing funds within the prescribed time limit. Except for special projects such as factual settlement, the projects arranged in the 2022 budget should be released before June 30. If they are not released within the time limit, all the total budgets will be recovered and used as a whole. The superior transfer payment funds received in the implementation should be distributed and released within 30 days, and the municipal and county financial departments should distribute and release the direct funds within 15 days. After the competent department of the project comes up with the fund allocation plan and improves the performance management and other elements, the funds with the conditions for release should be completed within 3 working days. The second is to strengthen the assessment of expenditure progress. Municipalities should refer to the practice of ministries and agencies, establish a list of key project allocation and expenditure schedule management, and dispatch and report on a monthly basis. The funds that can be implemented in specific projects can be refined, especially if the main body of project implementation is small, medium and micro enterprises or individual industrial and commercial households, it is necessary to directly reach the specific project implementation unit and reduce intermediate links. Strengthen the assessment of direct funds management, and if the projects specified by the central and provincial governments are not included in the direct scope, in 2022, the province will veto the financial performance assessment of the city with one vote, and the areas that expand the direct funds scope will be given extra incentives. The third is to strengthen the rigid budget constraints. Standardize the behavior of budget adjustment and adjustment, and do not weaken the budget constraints for one-sided pursuit of expenditure progress, and establishThe control mechanism of "budget first, indicators later, expenditure later" and "budget balance control indicator balance and indicator balance control fund payment" prohibits spending beyond budget and without budget or conducting government procurement, and it is strictly forbidden to illegally allocate treasury funds to financial special accounts.　

　　Third, make efforts to accelerate the issuance and use of special bonds

　　The state clearly requires that this year’s new special bonds be issued before the end of June and basically used before the end of August. The financial department of the whole province should do a good job of implementation, and play an important role in stabilizing growth and investment as soon as possible. First, do a good job in preparation for the issuance. It is necessary to make good use of the new debt limit, speed up the issuance progress, make an appointment with the Ministry of Finance for the issuance time and put on record relevant materials in time, issue a bond rating report in advance with credit rating agencies, and complete the disclosure of bond issuance information in time to ensure that the issuance is completed before June 30 after the approval of the provincial government. The second is to strengthen the management of bond funds. Establish a bond fund pre-allocation mechanism to ensure the implementation of bond projects as soon as possible and play a stimulating role in investment. With reference to the management mode of direct financial funds and the implementation of integrated dynamic supervision, from July 15, a ten-day bond reporting scheduling system will be established to further accelerate the disbursement and use of this batch of bond funds. If actual expenditures are not formed before the end of August, cross-regional adjustments will be made according to procedures. The third is to do a good job in project reserve and construction. Municipalities should adhere to the principle of "funds follow projects", expand the areas of special bond support, and strengthen project planning reserves around new infrastructure and new energy projects. It is necessary to optimize and improve the existing projects, grab all the work ahead and do it in practice, speed up the construction progress reasonably, ensure that projects in various fields have the conditions to start construction, and form more physical workload.　

　　Fourth, precise policy, and promote the effective implementation of the policy of helping enterprises to bail out.　

　　Affected by the impact of the epidemic, all kinds of enterprises, especially small and medium-sized enterprises, are facing great difficulties in their business development. The financial department of the whole province should implement the new policies related to enterprises issued by the provincial government this time together with the previous policies to help enterprises out, optimize services, provide accurate support, and help enterprises tide over the difficulties in a timely manner. First, make good use of government financing guarantees and other policies. Municipal Finance Bureau should actively do a good job of docking with provincial guarantee groups, support local government financing guarantee institutions to become better and stronger, and give inclined support in terms of capital replenishment and risk compensation, so as to better play the role of financing credit enhancement for small and micro enterprises and "agriculture, rural areas and farmers". It is necessary to strictly implement the guarantee fee subsidy policy stipulated by the provincial government. On the basis of the 0.5% annual guarantee fee subsidy given by the provincial finance, the municipal finance will give 0.5% guarantee fee subsidy. Conditional cities can further increase the guarantee fee subsidy. The second is to implement government procurement policies to promote the development of small and medium-sized enterprises. This time, we have increased government procurement support for small and medium-sized enterprises, increased the price deduction ratio of goods and services procurement projects for small and micro enterprises, gradually increased the share of government procurement projects reserved for small and medium-sized enterprises, and encouraged purchasers to set up an advance payment of not less than 30% for procurement contracts awarded to small and medium-sized enterprises. The purpose of the above policies is to increase the cash flow of SMEs. Municipalities should do their best to implement policies, especially actively promote the departments of development and reform, industrial letter, housing construction, transportation, water conservancy, commerce, etc., and implement the requirements for reserved shares in the field of government procurement projects to which the bidding law applies.Ensure that SMEs really enjoy the policy dividend. At the same time, the financial department of the province should strengthen supervision, ensure that all kinds of market participants participate in government procurement activities on an equal footing, and treat all kinds of market participants equally in accordance with the requirements of building a unified national market. Continuing to clean up the field of government procurement violates the provisions and practices of unified market construction, and may not illegally limit the location, ownership form and organization form of enterprises, or set other unreasonable conditions to exclude or restrict enterprises from participating in procurement activities. The third is to increase the holdover of social security fees and support for stable posts. The state has made it clear that three insurance premium policies, such as catering and retail, will be implemented by stages until the end of this year, and will be extended to 17 poor industries, such as small and medium-sized enterprises, which are greatly affected by the epidemic and have difficulties in production and operation; Increase the proportion of returning large enterprises from 30% to 50%; Additional one-time post expansion subsidies, etc. At present, we are working with the Provincial People’s Social Welfare Department to study and formulate specific implementation policies. After the document is issued, cities should strictly implement it to ensure that the policies are enjoyed. At the same time, it is necessary to fully consider the factors of deferred payment of insurance premiums, strictly implement the provincial and municipal sharing mechanism of enterprise pensions, and put the shared funds in place on time and in full to ensure the timely and full payment of pensions in the province. The fourth is to implement the support policy for civil aviation enterprises. The state implements phased operation subsidies for domestic passenger flights, and the required funds are shared by the central finance and the financial department where the flight takes off. Relevant cities should promptly formulate detailed rules for the implementation of local subsidy fund management, do a good job in the declaration, release and liquidation of subsidy funds, and ensure that policies are put in place.Relieve the operating pressure of civil aviation enterprises.　

　　V. Improve measures to support the expansion of domestic demand and stabilize foreign trade.

　　To promote steady growth, we must smooth the economic cycle and enhance the endogenous power of economic development through the two-wheel drive of domestic demand and foreign trade. The financial departments of the whole province should combine the current situation, innovate support methods, optimize policy supply, help stabilize investment, promote consumption and stabilize foreign trade. First, actively expand effective investment. Since the beginning of this year, the provincial finance has allocated 8.19 billion yuan for infrastructure construction to support agriculture, forestry, water conservancy, ecological and environmental protection and major national strategic projects; Raise vehicle purchase tax revenue to subsidize cities and counties by 4.16 billion yuan, focus on supporting the construction of key transportation projects such as the reconstruction and expansion of Suizhong (Hebei-Liaoning boundary) to Panjin section of Jingha Expressway, and strive to promote some major projects and provincial key projects determined by the provincial party committee and government. Municipal Finance Bureau should cooperate with relevant departments to strengthen the audit of project funds, to ensure that the funds are concentrated on major projects that are fully prepared for the preliminary work and can quickly form the physical workload. At the same time, it is necessary to innovate the capital investment mechanism, give full play to the role of financial funds to stimulate social capital investment and expand effective investment. The second is to promote the sustained recovery of consumption. The provincial finance has allocated 130 million yuan to promote consumption, supporting cities to cooperate with financial institutions and e-commerce platforms, promoting consumption willingness in various ways, and encouraging the holding of shopping festivals to promote consumption activities. We cooperated with the Provincial Department of Commerce to formulate the Notice on Doing a Good Job in Promoting Consumption. Municipalities should, in accordance with the requirements of the provincial work plan and in combination with the actual situation in the region, pay close attention to the introduction of specific implementation plans and intensify efforts to promote consumption recovery. The third is to support the stabilization of foreign trade and foreign investment. This year, the provincial finance raised 520 million yuan,It is used to cash in the rewards of attracting investment and high-quality foreign investment projects, support foreign trade enterprises to insure export credit insurance and carry out policy financing, encourage enterprises to diversify online and offline to explore the international market, and help foreign trade enterprises solve problems. Municipal Finance Bureau should cooperate with commercial departments to strengthen project reserves, improve project quality, put policies and funds on projects as soon as possible, and improve the efficiency in the use of funds.　

　　Six, improve the mechanism, and effectively protect the basic livelihood.

　　We must adhere to the people-centered development thinking, adhere to the basics, take the bottom line, and make up for shortcomings, and strive to solve the problem of "urgent difficulties and worries" of the masses and ensure the basic livelihood of the people in need. The first is to implement the phased support policy for housing provident fund. Municipal Finance Bureau shall, in accordance with the relevant provisions of the state and the province, actively cooperate with relevant departments to implement phased support policies such as delaying the payment of housing provident fund and increasing the amount of housing provident fund rental. The second is to improve the agricultural transfer population support policy. The Ministry of Provincial Affairs is studying and revising the "Administrative Measures for Citizen Incentive Funds for Agricultural Transfer Population", increasing the incentives for newly settled population and increasing the incentives for compulsory education for accompanying children. Municipal Finance Bureaus should base themselves on local conditions, strengthen fund management, allocate funds in strict accordance with the measures for fund management, tilt funds to counties with many agricultural transfer populations and financial difficulties, and promote the allocation of financial resources to be "portable and portable". The third is to implement the social and people’s livelihood security measures. Recently, the provincial government issued the Notice of the General Office of the People’s Government of Liaoning Province on improving the minimum living security for urban and rural residents, providing assistance and support for the destitute, raising orphans’ basic living and streamlining the living allowance standard for retired workers in the 1960s. The provincial finance has issued a subsidy of 4.57 billion yuan to implement the above-mentioned bidding policy. Municipalities should, in accordance with the requirements of direct fund management, allocate subsidy funds in a timely manner to ensure that relief funds such as subsistence allowances, destitute support funds and orphans’ basic living are paid in full and on time to the needy people.