上海贵族宝贝交流

CCTV News:People’s livelihood is no small matter. At a series of press conferences on "Ten Years in China" held in Publicity Department of the Communist Party of China today (May 17th), the relevant person in charge of the Audit Office introduced the positive achievements made by the Audit Office in strengthening the audit of people’s livelihood funds and projects in recent years, and promoting the protection and improvement of people’s livelihood.

Since the 18th National Congress of the Communist Party of China, audit institutions have continuously increased their audit efforts on key livelihood funds and projects such as medical care, pension, employment, housing, agriculture, rural areas and farmers. Insist on sinking the audit force to the lowest level, promote the implementation of the policies of the CPC Central Committee to benefit the people and the people, and seriously investigate and deal with corruption and unhealthy practices that occur around the masses, and promote better solutions to the problems of the people’s urgent difficulties and hopes, so as to firmly grasp the bottom line of people’s livelihood and enhance the people’s sense of gain, happiness and security.

Wang Lujin, Deputy Auditor-General of the Audit Commission:Taking helping to win the fight against poverty as a major political task, we will continue to increase the audit of poverty alleviation. In recent years, we have randomly selected 1.02 trillion yuan of various poverty alleviation funds, promoted the standardization of poverty alleviation fund management year by year, and continuously improved the use performance. The proportion of audit-found problems in the random inspection funds decreased from 36.3% in 2013 to 1.5% in 2020, which contributed to the overall victory in the fight against poverty.

In the past ten years, around the improvement of the multi-level social security system, audit institutions have continuously carried out audits of pension and medical insurance funds, employment subsidy funds, lottery public welfare funds, and affordable housing projects, and effectively implemented major policies and measures such as safeguarding the safety of social security funds and promoting employment priority.

Wang Lujin, Deputy Auditor-General of the Audit Commission:In the audit, we focus on the safety of funds, and focus on revealing and cracking down on illegal acts of fraudulent insurance, hedging or misappropriation of various social security funds. We pay attention to the efficiency of funds and reveal the problems of ineffective and inefficient use of funds, such as precipitation, idleness, unpaid payables and over-guarantee. We also pay attention to the sustainability of policies, reveal the blocking points, difficulties and breakpoints in institutional mechanisms and policy implementation, promote the filling of shortcomings in social security, and make the fruits of reform and development more fair and benefit all people.

　　Maotai launched the Zodiac wine in the Year of the Horse, the Year of the Sheep, the Year of the Monkey and the Year of the Rooster, among which the price of the Year of the Horse wine was 81,666 yuan/bottle on an e-commerce platform.

　　For the same bottle of Zodiac Moutai, the price of Maotai official mall is 39,999 yuan, while the retail price of third-party e-commerce platform is 81,666 yuan, and the price gap is as high as 40,000 yuan. Li Baofang, general manager of Maotai Group, pointed out that the supervision of Zodiac wine should be strengthened to avoid excessive abuse, excessive speculation and inflated prices.

　　It is understood that Maotai Zodiac Wine in the Year of the Dog is expected to be listed at the end of this month, with a starting price of 1699 yuan/bottle. Up to now, Maotai Zodiac Wine has launched four models: Jiawu Year of the Horse, B Year of the Sheep, Bingshen Year of the Monkey and Ding You Year of the Rooster. In recent years, the price of Maotai Zodiac wine has soared. Experts said that the price of Zodiac wine is artificially high, and investors must be alert to investment risks.

　　Status quo: Maotai Zodiac wine is bullish all the way.

　　It is understood that in January 2017, Maotai Zodiac Wine in the Year of the Rooster was announced to be listed, with a pre-sale price of 1219 yuan/bottle and an official sale price of 1299 yuan/bottle. On the first day, the sales of Maotai Zodiac wine in the Year of the Rooster exceeded 17 million yuan, and then some channels began to be out of stock or the supply was tight, which led to the rising price of Maotai Zodiac wine in the Year of the Rooster. At present, in Maotai Mall, the retail price of 53-degree 500ml Maotai Zodiac wine in the Year of the Rooster is 2399 yuan/bottle, but the inventory shows "0". In Maotai Mall, the most expensive Zodiac wine is 2.5L five-star 53-degree Year of the Horse Zodiac wine, the retail price is 39,999 yuan/bottle, and the inventory display is also "0".

　　On the third-party e-commerce platform, the retail price of 53-degree 500ml Maotai Zodiac Wine in the Year of the Rooster is 3,499 yuan/bottle, which is 1,100 yuan higher than the price of Maotai official website, and it needs to be purchased by appointment. The price of 2.5L single bottle of Year of the Horse Zodiac wine is 81,666 yuan/bottle, which is 41,667 yuan more expensive than that of Maotai official website. The profit margin is quite large, and the intention of wine speculators is very obvious.

　　What is the difference between the Zodiac Maotai and Feitian Maotai? A salesperson of a Maotai franchise store in Beijing told the Beijing Youth Daily that the two kinds of Maotai taste no different, that is, the packaging of the zodiac wine is more exquisite, very beautiful, and has commemorative and collectible value.

　　Supervision: Zodiac wine is supplied in proportion.

　　Regarding Maotai Zodiac Wine in the Year of the Dog, Li Baofang, general manager of Maotai Group, pointed out that according to the industry situation in 2017, Zodiac Wine needs rational development and strengthened supervision to avoid excessive abuse, excessive speculation and inflated prices. It is understood that in response to the market’s concern about the sales ratio of Maotai Zodiac wine in the Year of the Dog, Maotai Group recently issued the "Notice on the Implementation Ratio of Aged Moutai and Guizhou Moutai (Year of the Dog, 1898)", pointing out that the matching index of Maotai Zodiac wine in the Year of the Dog can be implemented monthly or quarterly, but it cannot be implemented cumulatively across quarters; If it is implemented quarterly, it can be implemented once in any month of the quarter, and the cumulative proportion index of Maotai Zodiac wine in the Year of the Dog in this quarter can be implemented at one time; The ratio index of Maotai Zodiac wine in the Year of the Dog that has not been implemented across quarters is invalid; Unaccepted stores don’t match Maotai Zodiac Wine in the Year of the Dog.

　　According to relevant regulations, the sales volume of Maotai Zodiac Wine in the Year of the Dog in 2018 is planned to maintain the level of last year, mainly based on specialty stores and special distribution, supplemented by e-commerce and retail. Maotai will cancel the regional distribution system of Maotai Zodiac wine in the Year of the Dog, and all dealers will jointly distribute it. At the same time, Maotai will grade and match the number of Zodiac wines on a monthly basis according to the areas where specialty stores and special dealers are located. Among them, for specialty store channels, Maotai will distribute 20 pieces, 15 pieces and 10 pieces of Maotai Zodiac wine in the Year of the Dog to each store every month according to the region (province, prefecture and county); For special dealers, 15 pieces, 10 pieces and 5 pieces of Maotai Zodiac wine in the Year of the Dog are distributed to each household every month according to the region (province, prefecture and county); In addition, Dalian, Qingdao, Ningbo, Xiamen and Shenzhen are implemented according to the standards of provincial capitals.

　　Plan: Maotai will increase the volume of the Spring Festival market.

　　This month, it was reported at the 2018 working conference held by Maotai Group that no less than 7,000 tons of Maotai liquor and 6,000 tons of series liquor will be put in before the Spring Festival, reaching 25% and 20% of the annual plan respectively, so as to effectively meet the market demand for the Spring Festival. At the same time, it is proposed to resolutely control and manage the terminal prices of Moutai and Maotai-flavor series wines. We should take the word "stable" first, stabilize the market price, stabilize the market foundation and stabilize the market share. It is necessary to strictly manage the market price to prevent the price from rising too fast and the "high fever" from persisting.

　　It is reported that the market price of Moutai is particularly sensitive near the Spring Festival. On January 8th, Kweichow Moutai Co., Ltd. issued a special announcement, requiring subsidiaries at all levels of the company and Maotai Group to sell Feitian 53-degree 500ml Moutai at the price of 1,499 yuan/bottle, without boosting the price, so as to keep the retail price stable. It is recommended that the seller refer to it as appropriate, and do not hoard goods for sale or tie in.

　　On January 9th, nearly 100 Maotai dealers jointly issued an initiative in Xi ‘an, unanimously promising to consciously safeguard the interests of consumers and consciously abide by the market order. The price of 53-degree 500ml Feitian Maotai liquor does not exceed 1,499 yuan/bottle, and it will not hoard goods, withhold sales, reluctantly sell or tie in, maintain its strength, deepen the market, improve its service, and be a righteous business for the grand cause of Maotai, the national liquor.

　　Maotai Group said that since last year, the market of Moutai has changed from a buyer’s market to a seller’s market, and series of wines have also become a tight resource. But this is also the most difficult time to grasp and the most prone to problems. Maotai Group proposes to be rational and sober, be good at using dialectical thinking and dynamic thinking to examine the market, study the market, do a good job in the market, and strive for initiative.

　　Text/reporter Zhao Xinpei

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

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

　　How do individual investors participate?

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

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

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

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

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

　　How do individuals participate in innovation?

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

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

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

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

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

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

　　Are new shares "bought as earned"?

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

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

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

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

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

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

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

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

　　What problems should we pay attention to in trading?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

At present, the Chengdu World Table Tennis Championships, which has attracted the attention of table tennis fans all over the world, has decided the final king. China Guoping, the king of the world table tennis world, won the championship of men’s team and women’s team without accident. This result is also the embodiment of Guoping’s top strength. However, although the champion belongs to Guoping, for some defeated players of Guoping, they have to find something else to show their unconvinced. No, Japanese table tennis, which has been suppressed by national table tennis, came back to China, and the Japanese media released a list of male table tennis players in the World Table Tennis Championships. Funny thing is, in this list, Malone, who won all seven games in the World Table Tennis Championships, was directly ranked fourth. At present, Fan Zhendong, which ranks first in the world, is directly ignored by the Japanese media, and can’t even enter the top five. As for the number one player, I believe you should have guessed it.

Chengdu World Table Tennis Championships, as a major competition this season, almost all the top table tennis players in the world came to Chengdu to participate in this table tennis feast. As the host country and the top table tennis team in the world, Guoping is naturally the favorite of the champion. However, neither the men’s team nor the women’s team let the fans down. In their own home court, Guoping won two championships in a sweeping way. Of course, compared with the women’s team, there are still some waves in the men’s team’s championship.

In the semi-final with the Japanese men’s team, the China men’s team encountered the biggest challenge since the start of the game. Japan’s first brother, Chinese-American Zhang Benzhi, is in very good shape in this World Table Tennis Championships, especially in this Sino-Japanese table tennis semi-final. In order to test Wang Chuqin, the national table tennis coaching staff arranged for Wang Chuqin to serve as the second single against Zhang Benzhihe. Wang Chuqin, like Zhang Benzhihe, is a post-00 player, which can also be regarded as a confrontation between new forces in the future table tennis world. But what I didn’t expect was that Wang Chuqin lost completely in this post-00 showdown.

If Wang Chuqin’s loss is understandable, then the number one player in the world, the key player of China team, the loss of a single Fan Zhendong made the fans feel nervous. In the face of Zhang Benzhihe, Fan Zhendong lost his former swagger and was defeated by Zhang Benzhihe. In the end, although Guoping still relied on its overall strength, it eliminated the Japanese team and advanced to the final. However, this five-game game still made many fans sigh: Fortunately, there is only one Japanese team, Zhang Benzhi and He.

It was Zhang Benzhihe’s performance that completely stunned the Japanese media after the game. After the World Table Tennis Championships, the Japanese media "Tokyo Satellite TV" produced a ranking of men’s table tennis strength in the World Table Tennis Championships. To tell you the truth, this ranking is a bit interesting. He is convinced of the players’ victory in the World Table Tennis Championships as a basis for ranking. In other words, whoever wins more games will be in the top position. That’s right, there is such a funny situation. No one of the main players in table tennis can enter the top three. After all, the seven wins of seven battles, which are as strong as Malone’s, can only be ranked fourth because of too few wins. Fan Zhendong, the number one in the world, can’t even get into the top five in this ranking.

Not surprisingly, in this ranking, the number one player in Japan’s team is naturally Zhang Benzhi and He. He ranked first with 11 wins and 1 loss, and was called the strongest men’s singles player in this World Table Tennis Championships. The second place is Huang Zhen Ting, a Hong Kong player from China who scored 8 wins and 3 losses. The third place is Qiu Dang from Germany, whose record is 8 wins and 4 losses.

To be honest, this ranking is totally unreasonable. After all, because of the strength of national table tennis, all the five main players have strong strength, basically taking turns to play. In this way, Malone’s chances of playing will naturally be less. However, Malone only played seven games, but he won all. Just because he played a few games less than Zhang Benzhi, is he weaker than Zhang Benzhi in strength? It can only be said that this is just the self-satisfaction of the Japanese media, which specially found an angle that is beneficial to Japanese players to make such a ranking. However, it is difficult for them to think of such an angle.

Apple usually releases a new iPhone phone in September, such as the iPhone13 series of mobile phones introduced in September this year, except for the general iPhone mobile phone, Apple will also launch the iPhonese series mobile phone.

iPhonese series mobile phone is Apple’s low-cost iPhone mobile phone, using small screen design, iPhonese series mobile phone is also known for users, such as Apple’s iPhonese2 mobile phone, unfortunately iphonese2 Mobile phone does not support 5G Internet access.

According to foreign media Macrumors, the latest report, the latest report, showing Apple’s words in the first quarter of next year, and the specific time is expected to be launched at the end of March next year.

According to Apple, I broke the news, the new iPhone is designed in appearance or the iPhone old model, based on iPhone8, equipped with a 4.7-inch screen.

Of course, the IPHONESE series is not its highlight. The brightest of the iPhonese series is hardware configuration and cheap prices. The iPhonese3 mobile phone will be equipped with more powerful processors to support 5G Internet, iPhonese3 mobile phone will be equipped with A15 processor Gao Tong X60 modem, iPhonese3 mobile phone is expected to be the cheapest 5G version of iPhone.