南京龙凤网

() 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.

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

The State Council held a press conference on the import and export situation in 2017.

At the press conference. China Network Zhang Ruomeng photo

The State Council Press Office held a press conference at 10: 00 a.m. on Friday, January 12, 2018 in the press room of the State Council Information Office, and invited Huang Songping, spokesman of the General Administration of Customs, to introduce the import and export situation in 2017 and answer questions from reporters.

[Xi Yanchun, Deputy Director of the State Council Information Bureau]Good morning, ladies and gentlemen. Welcome to the press conference of the State Council Information Office. Today, we are very pleased to invite Mr. Huang Songping, spokesman of the General Administration of Customs, to introduce the import and export situation in 2017 and answer your questions. Let’s invite Mr. Huang Songping to make an introduction.

Huang Songping, spokesman of the General Administration of Customs, introduced the situation. China Network Zhang Ruomeng photo

[Huang Songping, spokesman of the General Administration of Customs]Hello, ladies and gentlemen. Welcome to the press conference today. It’s a pleasure to meet you again, to brief you on China’s foreign trade import and export in 2017, and then to answer your questions.

In 2017, the world economy recovered moderately, and the domestic economy was stable and positive, which promoted the continuous growth of China’s foreign trade import and export throughout the year. According to customs statistics, in 2017, the total import and export value of China’s goods trade was 27.79 trillion yuan, an increase of 14.2% over 2016, reversing the previous two consecutive years of decline. Among them, the export was 15.33 trillion yuan, up by 10.8%; Imports reached 12.46 trillion yuan, up by 18.7%; The trade surplus was 2.87 trillion yuan, narrowing by 14.2%. The specific situation is as follows:

First, the import and export value increased quarter by quarter, and the year-on-year growth rate slowed down. In 2017, China’s import and export value increased quarter by quarter, reaching 6.17 trillion yuan, 6.91 trillion yuan, 7.17 trillion yuan and 7.54 trillion yuan respectively, increasing by 21.3%, 17.2%, 11.9% and 8.6% respectively.

Second, the import and export of general trade grew rapidly, and the proportion increased. In 2017, China’s general trade import and export was 15.66 trillion yuan, up 16.8%, accounting for 56.4% of China’s total import and export value, up 1.3 percentage points from 2016, and the trade pattern structure was optimized.

Third, the import and export of the top three trading partners increased simultaneously, and the import and export growth with some countries along the Belt and Road was good. In 2017, China’s import and export to the European Union, the United States and ASEAN increased by 15.5%, 15.2% and 16.6% respectively, accounting for 41.8% of China’s total import and export value. In the same period, China’s imports and exports to Russia, Poland and Kazakhstan increased by 23.9%, 23.4% and 40.7% respectively, both higher than the overall growth rate.

Fourth, the import and export of private enterprises increased, and the proportion increased. In 2017, the import and export of private enterprises in China was 10.7 trillion yuan, up 15.3%, accounting for 38.5% of China’s total import and export value, up 0.4 percentage points from 2016. Among them, exports amounted to 7.13 trillion yuan, up 12.3%, accounting for 46.5% of the total export value, and continued to maintain the top position in export share, with the proportion increasing by 0.6 percentage points; Imports reached 3.57 trillion yuan, an increase of 22%.

5. The growth rate of import and export in the central, western and northeastern provinces is higher than that in the whole country. In 2017, the growth rate of foreign trade in 12 western provinces and cities was 23.4%, exceeding the national growth rate by 9.2 percentage points; The growth rate of foreign trade in the six central provinces and cities was 18.4%, exceeding the national growth rate by 4.2 percentage points; The growth rate of foreign trade in the three northeastern provinces was 15.6%, exceeding the national growth rate by 1.4 percentage points; The growth rate of foreign trade in 10 eastern provinces and cities was 13%. The coordination of regional development has been enhanced.

Six, mechanical and electrical products, traditional labor-intensive products are still the main export. In 2017, China’s mechanical and electrical products exported 8.95 trillion yuan, up 12.1%, accounting for 58.4% of China’s total export value. Among them, automobile exports increased by 27.2%, computer exports increased by 16.6%, and mobile phone exports increased by 11.3%. In the same period, the export of traditional labor-intensive products totaled 3.08 trillion yuan, up 6.9%, accounting for 20.1% of the total export value.

Seven, iron ore, crude oil and soybeans and other bulk commodities import prices rose. In 2017, China imported 1.075 billion tons of iron ore, an increase of 5%; 420 million tons of crude oil, up by 10.1%; 95.54 million tons of soybeans, up by 13.9%; 68.57 million tons of natural gas, an increase of 26.9%; Refined oil reached 29.64 million tons, up 6.4%. In addition, imported copper was 4.69 million tons, a decrease of 5.2%. In the same period, China’s import prices rose by 9.4%. Among them, the average import price of iron ore increased by 28.6%, crude oil by 29.6%, soybean by 5%, natural gas by 13.9%, refined oil by 25.3% and copper by 28%.

In August and December, China’s foreign trade export leading index dropped. In December 2017, the leading index of China’s foreign trade export was 41.1, down 0.7 from the previous month, indicating that China’s exports were still under certain pressure in the first quarter of 2018. Among them, according to the data of online questionnaire survey, China’s export manager index was 44.2 in that month, down 0.6 from last month; The new export order index and export manager confidence index dropped by 0.4 and 1.2 to 48.3 and 50 respectively, and the comprehensive cost index of export enterprises rose by 0.4 to 20.5.

Generally speaking, in 2017, the foundation for China’s foreign trade to stabilize and improve has been continuously consolidated, and its development potential is gradually being released. Under the background of sustained and moderate global economic recovery and China’s stable economy, the overall situation of China’s foreign trade is good this year, but there are still some uncertain and unstable factors in the international economic and trade field, and the high-quality development of foreign trade faces some challenges. In 2018, the Customs will fully implement the spirit of the 19th National Congress of the Communist Party of China, conscientiously implement the arrangements of the Central Economic Work Conference, take Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era as the guide, adhere to the general tone of striving for progress while maintaining stability, adhere to the new development concept, closely follow the major contradictions and changes in China’s society, solidly promote customs reforms to take root according to the requirements of high-quality development, and make every effort to promote the steady growth of foreign trade and better serve the overall situation of national economic and social development.

Now I’d like to answer your questions.

Xi Yanchun, deputy director of the State Council Information Bureau, presided over the press conference. China Network Zhang Ruomeng photo

【 Attacking on the Beautiful Spring 】Thanks to Mr. Huang Songping for his introduction. In order to help you better understand the situation, we have arranged simultaneous interpretation today to help foreign journalists and friends understand the whole situation.

Please ask questions below, and please inform the news organizations you represent before asking questions according to the usual practice.

[CCTV reporter]Hello, Director Huang, my question is, how do you evaluate the overall development of China’s foreign trade in 2017? We know that China’s foreign trade experienced a double-digit growth in 2017, which was a year-on-year decline for two consecutive years. For this change, some people think that this is only a staged rebound. What do you think of this? Please give us a detailed introduction. Thank you.

[Huang Songping]Thank you for your question. In 2017, the world economy recovered moderately, the domestic economy improved steadily, the "One Belt, One Road" initiative progressed steadily, and the effect of the policy of steady growth of foreign trade appeared, which jointly promoted the two-year negative growth of China’s foreign trade import and export and achieved double-digit recovery growth. Foreign trade has maintained a stable and good development trend. Specifically, there are the following reasons:

First, the world economy has recovered moderately and external demand has picked up. In 2017, the world economy recovered better than expected, and the international market demand picked up. According to the statistics of the World Trade Organization, the total export value of goods trade in 70 major economies in the world increased by more than 9% in the first three quarters of last year, and the trade growth trend was obvious.

Second, the domestic economy is stable and improving, laying the foundation for import growth. In 2017, with the deepening of supply-side structural reform, the domestic economy maintained a steady and positive development trend, and the improvement of real economy operation led to an increase in China’s import demand. At the same time, China has also implemented a series of policies and measures to expand imports, including reducing import tariffs on some consumer goods. Policies and measures such as improving fiscal and taxation policies to expand imports, encouraging the import of advanced technology and equipment and key parts, and improving the level of trade facilitation have had a positive impact on expanding imports.

Third, commodity prices rose year-on-year, driving the rapid growth of import value. In 2017, the overall commodity prices in the international market showed a year-on-year upward trend, driving China’s import price index to rise to 109.4, and the contribution rate of prices to import growth was 52.6%. At the same time, the impact of rising prices of imported raw materials is transmitted to the export of manufactured goods. In 2017, China’s export price index was 103.9, and the contribution rate of prices to export growth was 37.3%.

Fourth, the "Belt and Road Initiative" has been steadily advanced, and emerging markets have been vigorously explored. In 2017, China’s import and export with countries along the Belt and Road increased by 17.8%, which was 3.6 percentage points higher than China’s import and export growth rate. During the same period, China’s import and export with Latin American countries increased by 22%, while that with African countries increased by 17.3%, which was effective in opening up emerging markets. At the same time, the effects of a series of national policies and measures to promote the steady growth of foreign trade continue to show, the reform in streamline administration, delegate power, strengthen regulation and improve services is gradually deepening, the domestic business environment is constantly improving, the burden reduction and assistance have achieved practical results, the innovation ability of enterprises has been enhanced, and the endogenous motivation of foreign trade development has been enhanced, which is also an important reason for the foreign trade to continue to stabilize and improve in 2017.

In addition, in 2015 and 2016, China’s foreign trade import and export experienced negative growth for two consecutive years, and the low base also raised the growth rate in 2017 to some extent. Thank you.

[Reporter of China Radio International]Excuse me, Director Huang, we especially want to know about the trade development between China and countries along the Belt and Road in 2017. In addition, what other measures does our customs have to promote the new pattern of all-round opening up? Thank you.

[Huang Songping]Thank you for your question. According to customs statistics, in 2017, China imported and exported 7.37 trillion yuan to countries along the Belt and Road, up 17.8% year-on-year, 3.6 percentage points higher than China’s overall foreign trade growth rate, accounting for 26.5% of China’s total foreign trade value, including 4.3 trillion yuan in exports, up 12.1%, and 3.07 trillion yuan in imports, up 26.8%. The Belt and Road Initiative conforms to the requirements of the times and the desire of countries to accelerate development. Countries along the Belt and Road jointly build the Belt and Road and share the achievements of the Five Links. We believe that trade with countries along the Belt and Road will continue to be the highlight and growth point of China’s foreign trade.

In the next step, the customs will improve the ability and level of the new pattern of comprehensive opening of services. Specifically, we will comprehensively deepen the cooperation in customs clearance among countries along the Belt and Road and actively promote the AEO mutual recognition among countries along the route; Continue to optimize customs supervision services, promote customs clearance procedures to simplify, and effectively improve the level of trade facilitation; Promote the transformation and upgrading of foreign trade, accelerate the cultivation of new kinetic energy for foreign trade development, support the development of new trade formats, support the success of China International Import Expo, actively participate in the formulation of international trade rules, make every effort to run the World Customs Cross-border E-commerce Conference, and strive to make greater contributions to the development of an open economy. Thank you.

[Hong Kong China Rating Society reporter]I’d like to ask Director Huang to introduce the import and export trade between the mainland and Taiwan Province in 2017, and also ask you to help us predict the trend of cross-strait trade in 2018. Thank you.

[Huang Songping]Thank you for your question. According to customs statistics, the total value of cross-strait bilateral trade in 2017 was 1.35 trillion yuan, up 14% year-on-year, accounting for 4.9% of the total foreign trade value of the mainland in that year. Taiwan Province is the seventh largest trading partner of the mainland, of which the mainland exported 297.9 billion yuan to Taiwan, up 12.2%, and imported 1.05 trillion yuan, up 14.5%. The trade deficit was 753.4 billion yuan, up 15.4%.

Peaceful and stable cross-strait relations are of great significance to the development of cross-strait trade, and we hope that cross-strait trade will develop better. Regarding the trend of cross-strait trade, I believe that as long as we eliminate the adverse effects and deepen cross-strait cooperation, cross-strait trade will develop in a healthy direction in 2018.

[International News Agency reporter]The overall situation of China’s foreign trade this year is relatively good, and there are still some uncertain and unstable factors in the field of international economy and trade. Can you tell us what these unstable and uncertain factors are? Can we make a prospect for this year’s trade export around the expansion of RMB fluctuation and some trade frictions between China and the United States? Thank you.

[Huang Songping]Let’s answer the question about the exchange rate first. As for the RMB exchange rate, we always think that it has an impact on foreign trade import and export, but the impact is limited. First, the exchange rate change is a double-edged sword for import and export. When the RMB depreciates, it will theoretically benefit the export of enterprises, but it will also increase the import cost of enterprises accordingly. Second, under the background of global value chain, due to the cross-regional upstream and downstream division of labor and intra-industry trade, the currency change of one economy and its impact on import and export will be quickly transmitted to other intra-chain economies, and then the impact on a single economy will be dispersed.

In the context of the recovery of the world economy and the uncertainty of the normalization of monetary policies in major economies, keeping the RMB exchange rate basically stable at a reasonable and balanced level is conducive to stabilizing the exchange rate expectations of enterprises and promoting the steady development of foreign trade. Therefore, relevant departments in China have been actively strengthening the RMB settlement in cross-border trade and investment fields to help enterprises enhance their ability to cope with exchange rate risks.

Regarding the unstable and uncertain factors, we look at it this way. From the situation just introduced, there are many favorable conditions for China’s foreign trade development in 2018, but we should also see that the growth factors that restrict foreign trade development still exist. First, the international environment is complicated, and deep-seated and structural contradictions are still prominent in the world, which may have an impact on global economic recovery and financial market stability, and the road to world trade recovery will still be tortuous. Second, the global manufacturing competition has become more intense. On the one hand, some emerging market countries rely on low-cost advantages such as labor and land to promote the development of low-end manufacturing industries and compete with China’s traditional superior products. On the other hand, developed economies have implemented the policy of "economic rebalancing and re-industrialization" to promote the return of some high-end manufacturing industries. The global competition of manufacturing industry will be more intense. Third, global trade protectionism is still heating up. At present, the cases and amount of trade remedy investigations on products in China are still at a high level in recent years.

With regard to Sino-US trade, the United States is China’s second largest trading partner. According to customs statistics, the total value of Sino-US trade in 2017 was 3.95 trillion yuan, up 15.2% year-on-year, accounting for 14.2% of China’s total import and export value, of which exports to the United States were 2.91 trillion yuan, up 14.5%, imports from the United States were 1.04 trillion yuan, up 17.3%, and the trade surplus with the United States was 1.87 trillion yuan, expanding. In 2017, Sino-US trade achieved rapid growth. As the world’s top two economies, we hope that China and the United States will continue to deepen economic and trade cooperation, achieve mutual benefit and win-win results, and jointly promote global economic prosperity. Thank you.

[China News Service reporter]May I ask whether the quality and efficiency of China’s foreign trade have been improved while it is growing rapidly in 2017? In addition, what are your expectations for China’s foreign trade situation in 2018? Thank you.

[Huang Songping]Thank you for your question. In 2017, China’s foreign trade import and export achieved a rapid growth of 14.2%, and the quality and efficiency of foreign trade development were further improved.

First, the ability of independent development has been enhanced. The import and export of general trade with long domestic industrial chain and high added value increased by 16.8%, 2.6 percentage points higher than the overall import and export growth rate, and the proportion increased by 1.3 percentage points year-on-year. Second, trading partners are becoming more diversified. Imports and exports to traditional markets such as Europe, America and Japan increased by 14.8%, while imports and exports to emerging markets such as Latin America and Africa increased by 22% and 17.3% respectively. Third, market players are active. The import and export of all types of enterprises achieved double-digit growth, among which the import and export of private enterprises increased by 15.3%, which contributed the most to the growth of China’s total import and export value, reaching 41.2%, and the endogenous motivation of foreign trade development was enhanced. Fourth, regional development is more coordinated. The import and export of foreign trade in the central and western regions increased by 21%, which was 6.8 percentage points higher than the overall growth rate of national imports and exports, and its proportion in national imports and exports increased by 0.8 percentage points year-on-year. Fifth, product structure optimization. The export of some high value-added mechanical and electrical products and equipment manufacturing products maintained a good growth trend, for example, the export of automobiles increased by 27.2%, computers increased by 16.6%, and medical instruments and instruments increased by 10.3%, indicating that the independent innovation ability of Chinese enterprises has gradually increased and new advantages in international competition have gradually emerged. On the import side, the import of energy resources products grew steadily, such as crude oil, iron ore and natural gas, which increased by 10.1%, 5% and 26.9% respectively. The import of some important equipment and key components of high-quality consumer goods increased rapidly, including integrated circuits, engines and CNC machine tools, which increased by 17.3%, 17.6% and 13.8% respectively.Aquatic products increased by 19.6%. On the whole, in 2017, China’s foreign trade sector firmly promoted the supply-side structural reform, and made positive progress in the transformation mode and restructuring. The import and export are shifting from a high-speed growth stage to a high-quality development stage.

Regarding the foreign trade trend this year, generally speaking, the world economy is expected to continue to recover in 2018, and China’s economy will continue to be stable and positive, which is more favorable for China’s foreign trade import and export. However, due to the uncertainties in the international environment and the large base last year, it is more difficult for foreign trade to maintain double-digit rapid growth. It is expected that China’s foreign trade import and export will continue to grow this year, and the quality and efficiency will be improved. Thank you.

[Australian "Sydney Morning Herald" reporter]China is an important trading partner of Australia. Can you provide us with some data about the trade between China and Australia? The trade between China and Australia on natural gas has made great progress. I wonder what the reasons are? Is the large-scale "coal to gas" in China a factor behind it?

[Huang Songping]Thank you for your question. In 2017, the bonus of China-Australia FTA continued to be released, and bilateral trade between China and Australia grew rapidly. The total value of China’s imports and exports to Australia was 923.41 billion yuan, up 29.1% year-on-year, which was 14.9 percentage points higher than the growth rate of China’s imports and exports in that year, of which exports were 280.56 billion yuan, up 13.9%; Imports reached 642.85 billion yuan, an increase of 37.2%. The trade deficit was 362.29 billion yuan, an increase of 63%. As Australia’s largest export market, China accounts for more than 30% of Australia’s exports. We hope that the economic and trade cooperation between China and Australia will continue to develop healthily.

Regarding the figures of natural gas imports, I don’t have the data brought from Australia here. Last year, our natural gas imports increased, and Australia is an important source, which is due to the factors of increasing domestic demand, strengthening environmental protection, "changing coal to gas" and so on. Thank you.

[German World News reporter]The question I want to ask you is, why is China importing so much crude oil and iron ore now? Considering the domestic economic situation in China, is the amount of these imports helpful for improving the quality and efficiency of China’s economy? At present, the import price has also risen dramatically, exceeding 30%, and we are not particularly able to understand the phenomenon behind it. In addition, is the reliability of these data published by the General Administration of Customs particularly high? Because we now see many reports questioning the data released by some provinces in China, such as Liaoning and Inner Mongolia Autonomous Region. Previously, there were problems related to data with many other countries, because other countries said that their understanding of the trade deficit was far greater than the data published by the General Administration of Customs of China.

[Huang Songping]Thank you for your question. Why does China import a lot of iron ore, crude oil and other commodities? Because China is a big manufacturing country, it needs a lot of raw materials and energy products for production. In 2017, China’s economy is stable and the domestic demand is relatively strong, which promotes the increase of commodity imports. The rise in international market prices, on the one hand, is the global economic recovery, and the increase in demand drives the price increase, on the other hand, many commodities have certain financial attributes, and so on. There are many reasons for the rise in commodity prices. This is my answer to your first question.

Second, the accuracy of the figures of China Customs. In 2017, China’s foreign trade achieved double-digit growth, ending the negative growth trend for two consecutive years, which was mainly due to the positive factors such as the moderate recovery of the global economy, the recovery of market demand, the rebound of commodity prices, and the policy effect of steady growth of foreign trade, as well as the relatively low base, which provided conditions for the expansion of growth. Judging from the situation of inbound and outbound containers, in 2017, the customs supervised 109 million containers, up 5.9%, and supervised 680 million tons of cargo, up 6.1%, which also confirmed the trend of China’s foreign trade stabilizing in 2017. I would like to make a brief response to your concern about the accuracy of customs statistics. Customs import and export goods trade statistics is an important part of national macroeconomic statistics. We have always attached great importance to statistical quality work and regarded the truth and accuracy of data as the highest pursuit of statistical work. Based on the data such as import and export goods declaration forms, according to international statistical rules and standards, we include the goods that actually enter or leave the country and cause the increase or decrease of domestic material stock in the import and export statistics of goods trade, and use data analysis means to screen abnormal data and conduct statistical verification on enterprises whose data information is declared doubtful. At the end of 2016, 27 departments, including the National Development and Reform Commission, the People’s Bank of China, and the National Bureau of Statistics, jointly signed the Memorandum of Cooperation on Joint Punishment of Enterprises with Serious Dishonesty in the Statistical Data Field and Relevant Personnel.Joint punishment shall be imposed on enterprises that falsify import and export information to the customs, resulting in distortion of statistical data, so as to maintain the authenticity of statistical data.

Just now you mentioned that China’s foreign trade statistics are not consistent with those of some other countries. Now most countries in the world have adopted the statistical system recommended by the United Nations Statistics Bureau, and so has China Customs. Therefore, in terms of statistical rules, China Customs has adopted the international statistical system. As for the reasons for the inconsistency, for example, the exports of various countries are generally calculated at FOB prices, and the imports are generally calculated at CIF prices, which is different. There is also the problem of re-export. For example, China’s goods are re-exported through the Netherlands. According to statistics in China, the export destination is the Netherlands, but the Netherlands is re-exported to a third country, so the statistics of China are different from those of a third country. In addition, there are differences in exchange rate conversion, statistical time and so on. These are the factors that cause the inconsistency of bilateral trade statistics.

On May 28, 2017, the Regulations on the Implementation of the Statistics Law of the People’s Republic of China was promulgated, and we will continue to strengthen statistical work according to laws and regulations to ensure the authenticity and accuracy of import and export data. Thank you.

[Reporter of Japan Broadcasting Association]Regarding the trade relationship between China and North Korea, can you tell us something about the trade between China and North Korea in 2017?

[Huang Songping]Thank you for your question. Let me first inform you of the latest data on China-DPRK trade. According to customs statistics, in dollar terms, the total value of China’s imports and exports to North Korea in 2017 was US$ 5.06 billion, down 10.5% year-on-year, of which exports were US$ 3.34 billion, up 8.3%, imports were US$ 1.72 billion, down 33%, and the trade surplus was US$ 1.62 billion, up 2.2 times. In December, the import and export to the DPRK was US$ 310 million, down by 50.6%, of which exports were US$ 260 million, down by 23.4%, and imports were US$ 54.342 million, down by 81.6%. Thank you.

【 Attacking on the Beautiful Spring 】If you have no questions, thank you again, Director Huang Songping, and thank you. This concludes today’s press conference.

"Spring is the first year, and the new year is new." The medical staff who have just adhered to the "medical line" of the Spring Festival are engaged in the busyness of the new year. In the new year, how to grasp the start, grasp the start, show a new atmosphere, take on new actions, and jointly protect the health of the people?

This issue of "Health Weekly" specially launched the "New Year Special Edition". Focusing on nine key words, reporters visited key departments of major hospitals in Jiangsu in several ways to see what "battle maps" were drawn by "department heads" in their respective medical fields in the new year.

Keywords: innovation leads

Shi Haibin, Director of Interventional Radiology Department of jiangsu province hospital (First Affiliated Hospital of Nanjing Medical University, Jiangsu Maternal and Child Health Hospital)

2moon17On the eighth day of the Lunar New Year, the last day of the Spring Festival holiday, the "First Meeting of the New Year" of jiangsu province hospital Intervention Department was held in advance. Shi Haibin, director of the department, organized a general practitioner and spent three and a half hours summarizing and analyzing the treatment of typical cases in the past, and made reports and exchanges focusing on clinical services, scientific research innovation and personnel training in the new year.

The New Year’s busyness began on New Year’s Eve and lasted until the eighth day of junior high school. The interventional radiology department performed emergency interventional surgery.34Taiwan, including emergency embolectomy for stroke.nineCases, ruptured intracranial aneurysm.eightExamples, other kinds of bleeding.11Example. For jiangsu province hospital, during long holidays, there are always more emergency interventions, usually twice as many as usual. On the second day of the busiest New Year’s Day, from 9: 00 a.m. to 4: 30 a.m. the interventional department did it continuously.eightTaiwan emergency surgery.

At the beginning of the fifth year, the outpatient service of the hospital was opened, and the patients who agreed to have elective surgery were admitted to the hospital one after another. The number of patients in the interventional ward was increasing. The ward was full at the beginning of the eighth year, and the elective interventional surgery was arranged the next day (the first day of normal work).23Taiwan, full, includingsixTaiwan general anesthesia operation.

The treatment of emergency patients is an important part of interventional radiology. Shi Haibin introduced that the interventional treatment mainly includes the following categories: first, the first aid of cerebrovascular diseases, including the interventional treatment of patients with acute cerebral infarction and patients with ruptured intracranial aneurysms; The second is the first aid for patients with various bleeding, including interventional hemostasis for various bleeding such as obstetrics and gynecology, digestion, respiratory tract and trauma; The third is the emergency treatment of ureteral obstruction, biliary obstruction and other situations. The patient’s condition is varied, whether it is "sparse" or "blocked", and the corresponding treatment should be determined according to the condition, which also requires multidisciplinary joint treatment.

The patient’s condition is a "warning", and there must be no delay. Since the Year of the Loong, what impressed Professor Shi Haibin the most is a34A-year-old male was diagnosed as "acute occlusion of carotid artery" after massage, and was referred from other places on New Year’s Eve.twenty past nine p.m.Arrive at the emergency department of jiangsu province hospital and enter the green channel of stroke. After judging the condition,CTEvaluation, family conversation,oneInterventional surgery will be started after 10 hours. After the occlusion of cerebrovascular blood flow was opened, the patient’s speech and limb function immediately returned to normal. For such a young patient, to save a patient is to save a family.

"The construction of the green channel for stroke emergency has gradually spread throughout the country. For medical institutions, it is necessary not only to have excellent technology, but also to have efficient linkage between different disciplines, and the timeliness of emergency treatment is very high. " Shi Haibin told reporters that the green channel for stroke first aid in jiangsu province hospital has been established nearly.10In, multidisciplinary teams, including emergency department, radiology department, interventional department and neurosurgery department, cooperated closely, and the hardware and software of the hospital were upgraded synchronously, ensuring the rapid, efficient and seamless docking of all treatment links and saving every second for patients.

In the new year, the focus of the department is far more than "speeding up". In the interventional department on the plateau of jiangsu province hospital, there should be a leading exploration in the aspects of treatment mode and scientific research innovation. Taking stroke as an example, jiangsu province hospital has integrated the high-quality medical resources related to cerebrovascular diseases in the whole hospital, and established a relatively independent discipline system including pre-hospital screening, acute treatment, early rehabilitation, secondary prevention, post-hospital management and follow-up education. Emergency admission is not the starting point of treatment, and the success of surgery is not the end point of treatment. Based on information technologies such as Internet, Internet of Things and artificial intelligence, life-cycle services for patients from prevention to rehabilitation have been developed, and a relatively complete regional stroke treatment system has also been established. In the new year, jiangsu province hospital Interventional Radiology Department will continue to improve the medical quality, constantly explore the upgrading of service mode, popularize key appropriate technologies, expand the radiation to primary hospitals, and benefit more people.

Keywords: overcoming difficulties

Shao Yongfeng, Director of Cardiovascular Surgery, jiangsu province hospital (First Affiliated Hospital of Nanjing Medical University, Jiangsu Maternal and Child Health Hospital)

"There is a patient with atrial fibrillation who urgently needs me to consult. The patient is older and his condition is very complicated … "On the first day of work on February 18th, Shao Yongfeng set off non-stop after receiving a call for help from the lower hospital of the Medical Association.

For many medical staff, the 8-day long holiday during the Spring Festival is both a holiday and an ordinary day.

As the main person in charge of the Department of Cardiovascular Surgery of the Provincial People’s Hospital, Shao Yongfeng and his team didn’t rest for almost a day this Spring Festival. They spent it either in the operating room or in the ward. On the Lunar New Year’s Eve, two patients with aortic dissection were sent from other places, and another case came on the New Year’s Day.Spring FestivalTwo cases came in the third grade … During the Spring Festival, he and his team colleagues performed 10 cases of aortic dissection.

Shao Yongfeng said that the most nervous thing was the operation on New Year’s Eve. "The patient is a 60-year-old female patient who was rushed to the emergency room by her family. It was about 10 o’clock in the evening when she was delivered, and we immediately opened up a green channel. When the chest cavity was opened on the operating table, the hemangioma burst and a lot of blood rushed out … "Shao Yongfeng and his colleagues were busy for 7 hours before it ended.operation. Fortunately, the patient was saved.

"There is also the fifth day of the Lunar New Year. Everyone has done three operations in a row, and it has been busy from morning until 4 am on the sixth day of the year." He said that when everyone walked out of the operating room, it had already ushered in the dawn of the next day.

"Aortic dissection is a very dangerous disease, known as the’ untimely bomb’ on blood vessels. Once the tumor ruptures, the patient’s life is in danger at any time, so surgery must be performed immediately." Shao Yongfeng said that if surgery is not performed within 48 hours, the mortality rate of patients will exceed 50%. Surgical treatment of aortic dissection is one of the most complicated and difficult operations in cardiac vascular surgery. However, this operation is already a "routine operation" for Shao Yongfeng and his team. This year they have set their sights on the more difficult and complicated field of minimally invasive cardiac surgery. Minimally invasive surgical treatment of solitary atrial fibrillation under thoracoscope is one of their main directions.

"As a common heart disease, atrial fibrillation has become an urgent problem to be solved in the process of population aging. Atrial fibrillation may induce stroke and cause heavy family and social burden." Shao Yongfeng said that traditional surgical ablation requires thoracotomy and cardiopulmonary bypass, which is traumatic and difficult for patients with isolated atrial fibrillation to accept. Minimally invasive surgical ablation of atrial fibrillation is a minimally invasive approach for the treatment of atrial fibrillation, which does not require thoracotomy and cardiopulmonary bypass, and has less trauma and low incidence of surgical complications, making it easy for patients with isolated atrial fibrillation to accept and recognize.

"Another thing that needs to be vigorously promoted this year is the treatment of end-stage heart failure with ventricular assist devices." Shao Yongfeng said that the incidence of end-stage heart failure is high, which is extremely fatal, and it is an important cause of cardiac death in heart patients. Most patients with end-stage heart failure can’t get good clinical efficacy by relying solely on drug treatment, and they need heart transplantation. However, due to limited donors, the number of patients who can receive transplantation is very limited. Therefore, the development and application of ventricular assist device is of great significance to maintain the cardiac function of patients. Shao Yongfeng said that in the new year, departments will continue to take patients as the center, give full play to the advantages of jiangsu province hospital’s platform, overcome difficulties, strive to improve the success rate of treatment of critically ill patients, solve the difficult problems of diagnosis and treatment of difficult patients, and enable more patients with cardiovascular diseases to receive timely and effective treatment.

Keywords: "top matching" of software and hardware

Cheng Rui, Director of Neonatal Medical Center of Nanjing Children’s Hospital

The child was given a chance to be treated by timely transportation, and the tender life had a "new life". In the new year, the transfer of the neonatal medical center of Nanjing Children’s Hospital has entered the "top-matching era";2A heavily armed ambulance is "mobile"NICU",carrying neonatal transfer incubator, ventilator, portable blood oxygen heart rate monitor, carbon monoxide inhaler, advanced infusion pump, negative pressure aspirator and other equipment,24Hours on standby, all year round, and the transshipment personnel are allNICUSenior neonatal specialist medical staff.

Just in the past Spring Festival,eightDuring the holiday, Nanjing Children’s Hospital had an emergency transfer from other places.30For example, many newborns are from outside the province. Reporter Cheng Rui, director of the medical center, whether on holidays or in peacetime, all the medical staff in the department have already reached a tacit understanding-close cooperation, filling positions at any time, and every minute counts.

Transfusion for rare blood group’s hemolytic disease started the "first battle" of the Year of the Loong’s life protection. Duoduo comes from Bengbu, Anhui Province. Just one day after his birth, he was diagnosed with rare blood group’s hemolytic disease, showing bilirubin encephalopathy, and needed urgent blood exchange treatment. But the local hospital does not have the conditions for identification and blood matching. Seeing a lot of heme falling all the way, the local hospital is late.sixDialed the transfer phone of the neonatal medical center of Nanjing Children’s Hospital.

"We just caught up with the peak of Spring Festival travel rush’s return journey, and the high-speed sections to and from are all building roads, which is very congested." Kan Qing, deputy director of the center, recalled that in order not to delay the illness, the medical staff began to rescue the children at the first moment. The neonatal medical center made preparations for the consultation early, and after arriving at Nanjing Children’s Hospital, all the work was in full swing.

But new problems soon emerged. "Children need to use their mother’s blood to exchange blood, but many mothers are far away in the countryside, and it is too late to get here." Kan Qing introduced that Duoduo’s mother’s blood type is rarer than panda’s blood, so the department planned two plans. On the one hand, the child’s grandfather sent his mother’s blood from the local area; At the same time, the hospital used the existing blood in the blood station to "blindly match" one bag after another. Fortunately, "blind matching" succeeded! Early the next daynineAt 8: 00, Duoduo completed the whole body exchange of blood.

Seeing a lot of jaundice quickly relieved and hemoglobin significantly increased, everyone breathed a sigh of relief. In the shortest time, the baby arrived at the hospital safely, and then the blood exchange was successful, which took less than.15An hour. Behind this is the close cooperation of the medical department and the full cooperation of first-aid transshipment, which did not delay a minute, allowing us to see a newborn being rescued again. Cheng Rui said with emotion, "Every medical staff has experienced countless times of first aid and severe tempering, and the departments have already formed a working style of teamwork."

Founded in1953The Neonatal Medical Center of Nanjing Children’s Hospital was the first neonatal intensive care unit in Jiangsu Province (NICU) of the clinic.2004In 2000, the center established the first-aid system for newborn transport.2012Approved to become the medical quality control center of neonatal department in Jiangsu Province in,2021Approved by the national key clinical specialty construction unit in.

pass by70Over the years of development, the department has306NICUWard,307Full-term baby ward,308The family care ward has carried out comprehensive and systematic neonatal monitoring, diagnosis, treatment and rehabilitation follow-up from pre-hospital first aid and transportation of critically ill newborns, neonatal intensive care, critical care and comprehensive management of premature infants, as well as neonatal brain function monitoring, neonatal brain protection and early intervention.

“2024In 2000, the focus of our work was still on the treatment of neonatal critical illness, and transshipment was our biggest feature. "Cheng Rui introduced that first-aid transshipment is a race against time, going to Wan Li thousands of miles away, just to ensure the green passage of life. The transport team will standardize quality management and strictly control safety, and we will do our best to escort critically ill newborns in the whole province and surrounding provinces and cities.

Keywords: accurate service

Li Weiwen, Director of Obstetrics of Yancheng Maternal and Child Health Hospital

20242008, also known as the Year of Qinglong, not only carries rich historical significance such as "good luck and peace", but also places people’s expectations for new life and a beautiful vision for the future. In Yancheng Maternal and Child Health Hospital, obstetrics is open to expectant mothers all year round, welcoming the arrival of one new life day and night.

"Don’t be nervous, I’m not leaving, I’m here with you." Late at night on the second day of the Lunar New Year, the delivery room of Yancheng Maternal and Child Health Hospital was busy. Li Weiwen, director of obstetrics, stood next to a lying-in woman, guiding her breathing and exerting strength while comforting her.

It turns out that this second-born mother from Xiangshui County, Yancheng City has been afraid to give birth because of her scarred uterus and ovarian cysts. The examination at the hospital showed that the maternal conditions were good in all aspects. "Although we felt that there was no problem in giving birth naturally, the maternal was still very nervous and kept holding my hand." In order to give confidence to the parturient and monitor the unstable fetal heart at any time, Li Weiwen stayed in the delivery room for a whole night.

In the early morning, with a loud cry, asixThe boy with a heavy weight was born smoothly. And Li Weiwen is busy rushing to the next emergency caesarean section for twin women.

"This year is the Year of the Loong. At present, more than a dozen’ dragon babies’ are born every day, and obstetrics is too busy to touch the ground!" Li Wei Wen told reporters that everyone was busy and happy.

"Dragon babies" were born one after another, which could not be separated from the persistence of all medical staff in obstetrics. "During the holiday period, the more complicated patients and parturients in the following counties and districts will turn to our side, and we must stand on our posts." Li Weiwen admits that obstetric work is hard and tiring. "But hearing the crying of the babies and hearing the thanks of the mothers can make us feel very worthwhile. This job makes people feel very honored and fulfilled."

"Judging from the current situation of pregnant women building cards, this year is indeed a little more." Li Weiwen introduced. In order to meet the different needs of young families, the Obstetrics Department of Yancheng Maternal and Child Health Hospital took the lead in introducing some appropriate technologies and service models, such as doula accompanying delivery, free posture delivery, neonatal swimming touching, semi-lying breastfeeding, and intellectual nursing training, and formed a comprehensive health care network integrating delivery, delivery and extended service after discharge.

How to adapt to the needs of young parents and make the service more accurate is the direction that the department has been thinking and exploring. One of the practices in this field is the special delivery room and special obstetric clinic. In addition, it is also the goal of the hospital to build diagnosis and treatment centers for pregnancy complicated with diabetes, pregnancy complicated with hypertension and premature infants throughout the city to make medical management more centralized and precise.

"We must be the’ gatekeeper’ of the health of women and children in the city." Li Weiwen introduced that as the lead unit of Yancheng Maternal and Child College Alliance, the hospital joined Yancheng.11Maternal and child health centers (institutes) in 30 counties and districts regularly carry out physical examinations for women and children in their jurisdictions, and actively open up a green channel for two-way referral. "This year, we will continue to send young doctors out for further study, learn more advanced technologies and concepts, and provide better services for women and children in the city."

Keywords: combination of doctors and workers

Zhang Junjie, Vice President of Nanjing First Hospital and Chief Physician of Cardiovascular Department.

for90What’s the experience of an old man undergoing emergency heart surgery? Just in the past Spring Festival, Zhang Junjie and his team solved the problem of severe aortic stenosis in the heart of this very old man in an hour. At present, the old man turned the corner and was transferred to the general ward for rehabilitation.

This operation was also completed by the cardiovascular center of the hospital during the Spring Festival.30One of the emergency operations in Taiwan is special in that it is called "TAVR"(Transcatheter aortic valve replacement) surgery,60Behind the minute operation is the interlocking cooperation of the hospital cardiovascular surgery team, which fully embodies the team’s overall ability to treat critically ill patients.

Zhang Junjie introduced that the old lady suffered from heart failure at the third day of the year, and atrial fibrillation occurred when she was sent to the hospital, so she should have surgery in time. Doing "TAVRBefore the operation, the aorta needs to be done.CTCheck, for90In the elderly, the contrast agent is likely to worsen the condition. To this end, Zhang Junjie and his team made a careful surgical plan: morning.eleven o’clockgo onCTCheck, and then immediately transfer the patient to the operating room. At this time, including the surgeon, anesthesia team, nursing team and technician team, all of them are in place, racing against time to perform the operation. When the doctor put the valve in steadily and accurately, the patient turned the corner …

Heart valve is a directional "valve" in the heart, which controls the blood flow direction of the heart. The heart valve will open and close when the heart beats. For a long time, the cardiology team of Nanjing First Hospital has made new breakthroughs in interventional therapy of valvular heart disease. "There are four valves in the heart, and now the aortic valve, mitral valve, tricuspid valve and pulmonary valve can all be routinely intervened, which was unimaginable before." Zhang Junjie said. with90Take an old man as an example. The only way to save him a few years ago was surgical operation, but for an elderly patient, postoperative rehabilitation is a huge problem.

2019Up to now, under the leadership of Professor Chen Shaoliang and Professor Zhang Junjie, the structural cardiology team of the Department of Cardiovascular Medicine of Nanjing First Hospital has been able to routinely carry out transcatheter aortic valve replacement, transcatheter mitral valve replacement, transcatheter mitral valve edge-to-edge repair and transcatheter tricuspid valve edge-to-edge repair.

Not only that, on the one hand, the cardiovascular department of the hospital actively undertakes the peripheral over.30The teaching of valve surgery in three 3A hospitals promotes the latest surgical techniques and treatment methods urgently needed by patients. On the other hand, it also carries out a number of clinical instruments research to increase the innovative development of structural heart disease.

A few days before the Spring Festival, Zhang Junjie was invited to participate in the 14th annual academic conference of structural heart disease in Russia, shared the "Chinese plan" for the treatment of severe aortic regurgitation by transcatheter aortic valve replacement, and instructed Russian doctors to treat one.84A-year-old woman completed a transcatheter aortic valve replacement. "This operation is implanted in the patient’s body with a domestic heart valve, which is a model of the combination of doctors and workers and a microcosm of domestic medical devices going abroad."

Talking about the prospect of the New Year, Zhang Junjie said that this year will continue to complete clinical research from coronary artery to pulmonary hypertension to structural heart disease. As a doctor, not only do surgery, but also a lot of technical development comes from continuous clinical breakthroughs, which require rigorous clinical research. "We are currently leading the world’s first randomized controlled clinical study of patients with severe aortic insufficiency. We look forward to completing the enrollment of all patients in the next year and a half, and strive to share the research results at the world’s top academic conferences. It is expected that our research results will benefit more patients with severe aortic insufficiency not only in China, but also at the global level. " Zhang Junjie said.

Keywords: progressive technology

Tao Guoquan, deputy director of major surgery and director of gastrointestinal surgery in Huai ‘an First People’s Hospital.

The atmosphere of the Spring Festival has not completely faded, and the work of the new year has begun in a busy schedule. Tao Guoquan has maintained a working state of "can’t stop" all the year round.

"Director Tao, an elderly and special patient with intestinal obstruction was transferred from Lianyungang in the emergency department. The examination found that there was intestinal volvulus adhesion. I had done several operations before, which was more complicated."

"Right away."

On the afternoon of Lunar New Year’s Day, Tao Guoquan, who had just returned home from hospital rounds, rushed back to the hospital. During the operation, it was found that some of the patient’s intestines had been necrotic and perforated. Fortunately, the timely treatment did not cause serious problems. Two hours after the operation, I observed the patient’s condition, and then it was already sunset when I came out of the hospital.

Gastrointestinal surgery has its particularity. The more holidays, the more patients with abdominal pain, perforation of digestive tract, appendicitis and obstruction caused by gastrointestinal tumors get together for treatment. "In addition to overeating during holidays, it is easy to cause gastrointestinal diseases. There are still many patients who work in other places on weekdays and have time to return to their hometown for treatment during holidays." Nearly 40 patients who have not been discharged from the two wards, more than 10 patients who have been admitted to the hospital, and outpatient clinics that have not stopped all day … These workloads are stacked together, so that the difference between holidays and working days can’t be seen. Every day, we still make early rounds and do emergency surgery until there is nothing to deal with. I don’t dare to feel at ease when I get home. I want to respond to the information about the patient’s diagnosis and treatment in a timely manner.

According to Director Tao Guoquan, with the change of people’s living habits, there are more and more patients with gastrointestinal tumors. In order to alleviate the discomfort of patients, the team has been working hard. Take cardiac cancer as an example, which is the most common site of gastric cancer in Huai ‘an and its surrounding areas. The gastric cardia extends downward from the tubular esophagus to the esophagogastric junction at the cystic gastric wall and connects with the esophagus upward. Smoking and drinking, infection with Helicobacter pylori, and stomach diseases that are not treated in time may all increase the probability of canceration. The treatment of cardiac cancer, whether radical proximal gastrectomy or radical total gastrectomy, will have a certain impact on the quality of life of patients. In 2022, Tao Guoquan’s team took the lead in completing total laparoscopic radical resection of proximal gastric cancer and mSOFY anastomosis of remnant stomach and esophagus in China. Compared with traditional surgery, this treatment scheme not only has obvious anti-reflux effect, but also has a lower incidence of anastomotic stenosis after operation, which can promote the recovery of nutritional status of patients with cardiac cancer after operation. "This is consistent with the team’s vision. We prefer to change from’ surgical resection scope and surgical skills’ to’ improving surgical safety and postoperative quality of life on the basis of radical treatment’."

In the new year, we should grasp the beginning and start. Tao Guoquan told reporters that in 2023, the department performed 2,836 operations, and the focus of this year’s efforts is still on refined technology. Gastrointestinal surgery is about to usher in the era of robots. It is necessary to share the technology of gastrointestinal surgery in Huai ‘an First People’s Hospital with the help of robotic surgery and live surgery at the same time, and continue to lead the team in the research of standardized tumor treatment. "As a doctor, the ultimate wish is that there is no disease in the world. I hope that people can improve their lifestyles, pay attention to gastrointestinal endoscopy, and intervene in the occurrence of tumors earlier."

Keywords: skill breakthrough

Huang Zhongwei, director of emergency medicine department of Nantong University Affiliated Hospital

The most prominent thing in the emergency department is "urgency", "quickness" and "accuracy", which is urgent for patients, urgent for life, rapid diagnosis and accurate treatment. "Especially during the holidays, the outpatient clinic stopped and the number of emergency department visits doubled." Huang Zhongwei, director of the department, told the reporter that he was the director of the emergency department.22For years, every Spring Festival has been spent at work.

Fireworks are shining outside the hospital, families are reunited, and the emergency department is brightly lit and busy. "Last year, we had an average of every day.82A patient entered the emergency room. During the Chinese New Year in the Year of the Loong, it is on average every day.100Many people enter the emergency room. "Huang Zhongwei said.

The emergency department has a fast pace of work and can’t afford to delay a minute. Everyone should be highly concentrated. Sometimes I come home from the night shift, my body is exhausted, but my brain is still tense. Despite the hard work, Huang Zhongwei and his colleagues are full of enthusiasm: "Over the years, our emergency department has been working in three shifts. Whose turn is it to be on duty in the New Year? No one asks for leave. It can be said that none of our medical staff has completely taken the Spring Festival holiday. When they are not on duty, they will also keep the phone and keep an emergency state at any time. Seeing that every patient is out of danger under our rescue, we have a sense of accomplishment and our personal contribution becomes insignificant. "

"As the department with the most concentrated severe patients, the most diseases and the heaviest rescue and management tasks, the emergency department bears the important responsibility of protecting patients’ lives." Huang Zhongwei said that emergency patients are usually in an emergency and may face the test of life and death in just a few minutes. This is actually a test of the hospital’s ability and level of treatment. As the "forward position" of the hospital, it not only reflects the importance of accurate and timely diagnosis of patients’ illness by medical staff, but also ensures the smooth flow of emergency green channels only through efficient and orderly unity and cooperation.

Over the years, the hospital has groped to create a model of emergency substantive operation. After patients with chest pain and stroke are sent to the emergency department, there are a series of advanced rescue equipment and substantive wards. All critically ill patients complete the operation in the emergency area and complete the closed loop, which ensures the rapid treatment of patients and effectively shortens the time for patients to see a doctor. Emergency doctors have comprehensive knowledge reserves, excellent rescue skills, and are familiar with hemodynamic monitoring technology, ventilator use,ECMOTechnology, etc. When talking about the treatment of critically ill patients, Huang Zhongwei said: "We must achieve zero fault tolerance rate." Over the years, the emergency department has also been committed to training young doctors, encouraging them to constantly improve their professional skills and dare to break through and innovate.

2024In 2008, the new affiliated hospital of Nantong University will be opened soon, and Huang Zhongwei is also full of expectations. "The use of the new campus can make everyone truly improve the ability of the hospital to serve patients, especially the smart medical treatment and convenient transportation facilities, which will bring great convenience to the people." Huang Zhongwei said. After the opening of the new campus, the emergency department of the Affiliated Hospital of Nantong University, as an important regional emergency rescue center along the Yangtze River and coastal areas in Jiangsu Province, will also be expanded. The departments will respond to all kinds of peak visits in time, strengthen the team building of emergency classes and strong classes, continuously improve the medical quality and nursing level, and provide better medical services for patients.

Keywords:: tempering the critically ill team

Li Jiaqiong, Director of Department of Critical Care Medicine, Xuzhou Central Hospital

Xuzhou is a central city and a regional medical center in Huaihai Economic Zone approved by the central government. The medical services cover four provinces of Jiangsu, Shandong, Henan and Anhui, and there is a great demand for high-quality medical resources. The Department of Critical Care Medicine of Xuzhou Central Hospital has been running at full capacity. It is the sense of responsibility and mission of the department to "collect all the receivables and collect all the income".

During the Spring Festival, the Department of Critical Care Medicine of Xuzhou Central Hospital treated critically ill patients successively.154People, transfer out treatment159People and medical staff have little time to feel the festive holidays.

On the morning of new year’s daysevenJust after 8: 00, Li Jiaqiong, director of the first district of the hospital’s intensive care department, came to the intensive care unit early, first visited all beds, checked the condition of critically ill patients, and made a good handover with night shift colleagues. "Succession is a very meticulous work, which needs at least every day.2An hour. Every patient’s condition, early diagnosis and treatment process, yesterday24What special circumstances happened to the patient within hours … These should be clearly understood during the handover. "

Most of the patients who stayed in the intensive care unit for treatment during the New Year were extremely critically ill. They often need to rely on ventilators, bedside blood purification, intra-aortic balloon counterpulsation (IABP), even extracorporeal membrane oxygenation (ECMO) and other equipment to maintain life, "we must always be by the patient’s side, and we must not slack off." Li Jiaqiong said that there was a heavy snow in Xuzhou years ago, and the temperature plummeted, which led to a high incidence of respiratory diseases and a sudden increase in severe cases of cardiovascular and cerebrovascular diseases. At the same time, the number of traffic accidents increased during the Spring Festival, which means that Kobe Bryant in critical care medicine usually has to bear more busyness and responsibility.

The medical staff here24Hours are a tense rhythm, and we must constantly patrol the ward, keep an eye on the monitoring equipment, evaluate the condition, handle the doctor’s advice, and implement various rescue operations. Li Jiaqiong said: "The medical care in the intensive care department has hardly had a complete Spring Festival holiday, and it is impossible to realize the wish of going home for a complete year."

Youwei76A-year-old car accident trauma patient was brought to the hospital with cerebral hemorrhage complicated with chest injury, lung injury, kidney injury and hemorrhagic shock. After entering the intensive care unit, the medical staff immediately took emergency tracheal intubation and deep vein catheterization to stabilize the circulation of large-scale blood transfusion. But after two days, the patient’s condition continued to worsen. Li Jiaqiong decided to give the patient prone position ventilation treatment immediately, and continued to give the patient every day.16After more than hours of prone ventilation and repeated bronchoalveolar lavage, the patient’s oxygenation has finally been significantly improved, and he is now actively recovering.

"The patient’s condition here is changing rapidly. We need to monitor the patient’s blood pressure, heart rate, breathing and blood oxygen in real time. Once there is an emergency, we are ready to rescue at any time, such as catheterization of deep veins and arteries and continuous bedside blood purification (CRRT), ice blanket application, vibration expectoration, bedside perfusion, urine dynamic monitoring, cardiac function monitoring, etc. Li Jiaqiong said that during the Spring Festival holiday, all the instruments were working all the time. It is normal for everyone to be busy in the morning and have lunch at two or three in the afternoon. "The Department of Critical Care Medicine is a professional ward for centralized monitoring and treatment of critically ill patients in hospitals. As the last line of defense to save lives, medical care needs to be kept by patients at all times. Even if you go home from work, all the staff should24When you are on duty, you are always on call. "

Li Jiaqiong said that when the Year of the Loong arrived, everyone was full of expectation and confidence. The future medical focus of the Department of Critical Care Medicine, first, strengthen the competency of critical care medicine and build a regular special force in all directions; Second, further optimize the specialist process, strengthen norms and optimize treatment; Third, develop new technologies, such as multi-modal monitoring of nerve function, monitoring of diaphragm function, protection and rehabilitation, invasive and non-invasive combined hemodynamic monitoring and support, and optimize them at the same time.ICUHumanities construction, continue to strengthen exchanges and cooperation at home and abroad, complete related domestic and international collaborative projects and clinical research on severe neurology, severe respiration, severe circulation, severe infection, severe nutrition and rehabilitation, especially the early development of brain function monitoring in our hospital. At the same time, the optimized combination of blood purification and mechanical ventilation technology of respiratory failure are advanced in the province, and the integration of medical teaching and research creates a solid platform for severe medicine to serve the people’s health in the whole hospital and even Huaihai Economic Zone.

Keywords: "intelligent" medical services

Ye Hong, Deputy Director of Kidney Disease Center of the Second Affiliated Hospital of Nanjing Medical University

On the ninth day of the Lunar New Year, when most people returned to work, the medical staff of the blood purification center of the Second Affiliated Hospital of Nanjing Medical University finally ushered in the first rest day of the Spring Festival holiday. In the two hemodialysis centers, Maigaoqiao Campus and Sajiawan Campus, only engineers are buzzing in disinfection and maintenance of hemodialysis equipment.

3671Dialysis, this is the data from New Year’s Eve to the eighth day of the first month, which means that there arefour hundredThe rest of the patients are on dialysis, and the "work density" of medical staff can be imagined by simple conversion. Ye Hong, deputy director of the Hospital Nephrology Center, said that this is only a routine hemodialysis work. During festivals, patients often have operations that require hemodialysis access due to blood vessel blockage. The emergency department has opened a green channel for patients to ensure that patients can operate quickly and can be dialyzed normally after surgery or transferred back to local treatment. The holiday lasted several days.97The operation was almost the same as usual. On New Year’s Eve, Ye Hong also performed vascular access surgery for a patient transferred from other places. Because of the complicated vascular situation, she did it all morning.

In order to ensure the treatment of critically ill hemodialysis patients, the center also has10Bed-bedKICUIntensive care unit During the Spring Festival, the operation was basically kept at full capacity, with average daily treatment and rescue.fourMore than cases of patients, rescue success rate reached.95%Above. Ye Hong recalled that on the sixth day of the Lunar New Year,KICUUpon receiving urgent information, a regular dialysis patient suddenly fell into a coma at home, and was admitted to the hospital by ambulance. After tracheal intubation, mechanical ventilation was assisted by ventilator.CRRTAnd anti-infection treatment, the patient’s condition has improved and his vital signs are normal at present.

"Although it is a holiday, the degree of hard work is no less than in the past." Because dialysis patients have to go through the steps of "condition evaluation-orderly access to the machine-close monitoring during dialysis-smooth and safe access to the machine" every time they have dialysis, nurses undertake more arduous nursing work. On New Year’s Eve, many patients who were scheduled to come in the afternoon suggested that they wanted to finish dialysis early and go home to prepare for the New Year’s Eve, so the medical staff put the patients on the computer one hour earlier than usual. "For the sake of morning.half past sixLet the patients get on the computer on time. I saw that many nurses got up in the morning.fourA little more. Ye Hong noticed that the nurses were more careful about the patients’ care, and worried about the sudden problems such as hyperkalemia and heart failure caused by eating too much at dinner, so the nurses gave dietary guidance to the patients over and over again.

We can’t stop working and guarding patients, but festivals still bring some different colors to the hemodialysis center. The blessings and window grilles that can be seen everywhere on the glass wall, and the chocolates and sweets that the nurses "stuffed" from their families all made the medical staff "warm" in their hearts. "A patient with the longest dialysis time in our center has already had it.39Years old, dialysistwentyPatients over years old also have nearly80People, getting along for a long time makes these patients especially understand the hard work of medical staff. "Her eyes were full of thanks.

"Go to the old Gaoqiao campus blood purification center officially opened, added.88Taiwan automatic central dialysis system has been greatly improved in hardware. This year, the focus of our work is on software systems. Ye Hong said that a set of digital information system will be added in the later stage, which can help them identify and screen the examination results of patients in time, and also do a good job in the management of key patients, helping the diagnosis and management to be more intelligent and digital.

It is too late to say more, and it is a new working day. Ye Hong is in a hurry: "There are still many patients waiting in the clinic, so I will go to work first!"

Keywords: the project continues to be "innovative"

Ming Chen, Director of Clinical Laboratory of Taixing People’s Hospital.

The new year just started, and Ming Chen, director of the laboratory department, made a long list of "task lists" for the department. As the laboratory department of a county-level 3A hospital, the inspection items should continue to be "innovative", and we should continue to maintain full marks in inspection quality management!

"Judging from our work this year, the number of inspections from the 30 th to the second day of the year is slightly less. Since the fifth day of the year, it has been busier than usual, and it has already entered the rhythm of normal work." Ming Chen told reporters that among many departments in the hospital, the clinical laboratory is relatively special, and they don’t have long-term contact with patients, but the collection of biological samples again and again and the issuance of accurate results are all providing basis for the diagnosis and treatment of patients.

Ming Chen told reporters that during the Spring Festival this year, the demand for inspection and examination of inpatients and emergency patients has not diminished, and so has the laboratory.24Hours on the job, work is not easier than usual. During the Chinese New Year, there are hospitalized patients with routine blood tests, "biochemistry"1+4",myocardial enzyme spectrum, blood coagulation function and other necessary daily inspection items continue. The hospital opened the clinic on the second day of this year, and the physical examination center went to work normally on the third day of this year. In recent years, many returning citizens will also arrange medical treatment and examination during the Spring Festival, which also increases the workload of the Spring Festival holiday inspection. The emergency situation is more and more urgent: there are many dinners during the Spring Festival, and some people go to the emergency department after eating and drinking. If there is acute pancreatitis and severe chyluria, the doctor on duty needs to centrifuge the patient’s samples repeatedly with a high-speed centrifuge until the samples can be detected; Fever, acute abdomen, trauma, cardiovascular and cerebrovascular diseases … The high incidence of emergency diseases during the Spring Festival holiday can not be separated from inspection. During the Spring Festival, the hospital still has every day.4000For the inspection of multi-person samples, the inspection doctors take turns to take vacations, and each person can only rest.2God.

There are not many thrilling rescue stories in the clinical laboratory. They are faced with more specimens, instruments and inspection needs. The key words belonging to the clinical laboratory are "accuracy" and "timeliness": staff.24Hours on the job in place, to ensure that all the performance of the inspection instrument is in good condition, to ensure that the inspection reagent is sufficient; During the holidays, the system of examining and signing inspection reports is also strictly implemented to ensure good quality; When the "critical value" of the test is encountered, the system will automatically remind you. After the laboratory confirms it, it will inform the clinician in time to win time for the emergency rescue of critically ill patients …

Ming Chen told reporters that the Spring Festival is daily.4000Many times of inspection also include biological samples sent from other hospitals. Taixing People’s Hospital is a third-class hospital at the county and municipal level. The laboratory department of the hospital is a key specialty in Taizhou and a qualified unit in the construction and management of the laboratory department of hospitals in Jiangsu Province, and carries out inspection projects.500A number of comprehensive, some relatively new bacteria and hormone mass spectrometry inspection projects can also be carried out, and the inspection force is in a leading position around, so it also undertakes the inspection and assistance work for all township hospitals and other hospitals in Taixing City. For the inspection items that cannot be carried out around, samples will be sent to Taixing People’s Hospital for inspection. This part of the tasks and holidays are also "no discount" in terms of quality and quantity.

Clinical laboratory is one of the basic departments in the hospital to carry out daily work, and it is also the hub for the coordinated operation of various departments. After the Spring Festival, the demand for medical treatment will be released, and the number of patients will reach a small peak. Ming Chen said that the clinical laboratory has also straightened out the process and made preparations to provide patients with better and more efficient services while ensuring the completeness, accuracy, honesty and credibility of each report.

2024In, the department’s "new task list" has already been listed:2024In, the clinical laboratory plans to introduce gene sequencing technology for rapid diagnosis of tumors and microorganisms, and carry out new technical projects such as molecular diagnosis of individualized treatment of tumors, detection of various viruses and pathogens, and non-invasive prenatal diagnosis.10-20Items, so that the surrounding residents can complete the relevant tests nearby, saving diagnosis time. In terms of inspection quality management,2024In, the laboratory of Taixing People’s Hospital will strive to keep full marks in the performance appraisal of national tertiary hospitals, and the participation rate and qualification rate of ventricular interstitial assessment will reach 100%.

Xinhua Daily Meeting Point reporter Ying An Wang Tian Yang Yan Jiang Mingrui Zhong Chongshan

Ex-3: Goodbye to Ex-3

1905 movie network news Almost 1.5 billion! Can’t human beings stop the box office from continuing to blow out?

Going to see "Previous 3" again, there was another wave of people of all colors crying in the cinema. In the scene watched by Xiao Dianjun, some people did leave because of boredom, but more of them cried, and Xiao Dianjun’s lovers and friends even broke up because they watched this movie together.

It’s not that Ex-3 is poisonous, but how many relationships have you had since 1995? The success of "Previous 3" depends entirely on how unforgettable the love of the post-1995 generation is, which is a serious blow to the vast number of singles in the country like Xiao Dianjun.

Stills of "predecessor 3"

As of press time, "Former 3", which was released only 11 days ago, has entered the top 10 box office of Chinese films in mainland film history and became the first explosive film in 2018. The final box office of "Previous 3" is still difficult to predict, and the prediction of Cat’s Eye has been changed again and again, reaching 2.278 billion now. Today, let’s take a look at the success of "Former 3".

After 95, men and women became the main consumers in the town with stories.

The consumption of real money confirms the analysis portrait of big data for the audience of "Former 3". We have checked the data of Tencent Index, Baidu Index, Cat’s Eye and Taobao Film, etc. The audience of "Former 3" has the highest age proportion of 20-24 years old, accounting for 40% of the total number of samples surveyed on all platforms, and even nearly 24% of teenagers under the age of 19 have shown their interest in "Former 3". It seems that the box office spending power of today’s post-95 s and even post-00 s can’t be underestimated.

Box office age distribution

Where are these young people from?

From the data of active areas summarized by various platforms, nearly half of the audience of "Former 3" are concentrated in third-and fourth-tier cities.

Geographical distribution of box office of "predecessor 3"

We further compared the audience who marked "Former 3" on the ticketing platform before and after the film was released. During the period from December 1, 2017 to January 7, 2018, the number of people who marked "Former 3" as "wanting to watch" on the Taobao Film platform increased by 210,000, among which the growth in third-and fourth-tier cities exceeded 105,000.

Box office statistics

Living in small towns, these "story-telling" post-95 young men and women seem to be more easily moved by the "ex" stories close to their emotional life.

This is also reflected in their scoring: among the more than 1 million viewers who scored on the Taobao Film platform, those under 19 and those aged 20-24 gave 9.2 and 9 respectively, which was higher than the overall average score of 8.9 in Previous 3.

The audience aged 20-24 scored 9.3 points.

The data of the cat’s eye platform is even higher, with the audience aged 20-24 scoring 9.3, and the audience under 20 scoring as high as 9.4.

Sex ratio of audience

When we carefully browse the feedback posted on the ticketing platform, we find that most people in the general audience have no intention to discuss the details of the plot, the performance is good or bad, and the stars are there. Instead, they are used to sharing their painful experiences in love with more than half of the space and expressing their feelings from the characters.

Taobao Film user "Imnot Mammal" left a sad but decisive message: I like you, but if you don’t care about me, I will still leave you.

ID "Penghui 0814" mentioned that he had just experienced the same breakup as "Ex 3". Although it is unforgettable so far, he believes that a decent exit is a wise choice.

The same thing happened to Louis Yuanbao. They were still lovers when they bought tickets, but they became predecessors after watching the movie. Together with 9500 like netizens, we have read their feelings for more than three years from TA’s hundreds of words of comments, and hope that he will be happy after graduation for half a year.

The girl named "We are all bad boys" simply wrote a poem: Treating love is a secret love, a love, a concern and a nostalgia; Is will, is a temptation, is guaranteed, is also a doubt.

It turned out that boys and girls cried and fainted in the cinema, and their predecessors reunited on the spot and suddenly broke up, all of which were not necessarily the outbreak of true feelings at that moment.

This is similar to the outbreak of Fanghua a few weeks ago.

Fanghua

A story about the youth in 1980s and 1990s made a large number of audiences who were no longer young walk into the cinema and feel their "youth" together with director Xiaogang Feng. The "non-mainstream audience" after 50 s and 60 s has become an unexpected factor that triggered the box office to rise.

The same is true for Ex-3: these small towns with private stories in their hearts also found outlets to vent their feelings in this film. They like Ex-3, largely because of this emotional resonance and the touch of substituting themselves.

Douban score

In contrast, the score of "Former 3" is not high on the Douban platform where fans and film critics gather. Not long ago, it fell from above the passing line to the current 5.9 points. Among the top 20 popular short comments, there are 10 one-star comments, and most of the negative comments are dissatisfaction with the professional evaluation angles or three-view levels such as film expression techniques and actors’ performances.

Next page:Short video becomes a marketing weapon of "predecessor 3" 　

　On the last day of 2021, driven by a number of blockbuster new films such as Hug You Through the Winter, Anti-Corruption Storm 5: The Final Chapter, and popular old films such as manslaughter 2, Love Myth and Lion Boy, the China mainland film market closed at 537.16 million yuan, slightly breaking the box office record of 537 million yuan on December 31 last year, setting a new high in the history of China film in the same period.

According to the box office data of Cat’s Eye Professional Edition, in 2021, the box office of China mainland movies closed at 47.03 billion yuan (about 7.4 billion US dollars). According to the box office statistics website Comscore, the box office in the United States will reach 4.4 billion dollars in 2021. After 2020, China film market won the global box office championship.

However, in 2021, the single-chip global box office champion is no longer a China film: Spider-Man: No Return of Heroes, which was released on December 17, won the global annual box office champion with a total of 1.16 billion US dollars (about 7.4 billion yuan) by December 29, and later surpassed The Battle at Lake Changjin (5.772 billion yuan).

On December 31st, 2021, under the haze of COVID-19 epidemic, the film market in China Mainland earned 537.16 million yuan at the box office, which broke the box office record of 537 million yuan on December 31st last year with a slight advantage, and drew a powerful full stop for the box office performance of the whole year.

According to the box office data of Cat’s Eye Professional Edition, in 2021, the box office of mainland movies in China was 47.03 billion yuan, an increase of 130% compared with 20.417 billion yuan in 2020, and the box office exceeded 45.712 billion yuan in 2016. The market has obviously recovered. However, since the number of national screens in 2016 was only over 41,000, the number of national screens in October last year exceeded 80,000, the box office output of a single screen still dropped significantly.

In 2021, the world’s major film markets will continue to be strongly impacted by the COVID-19 epidemic, and the market recovery is far less than that of China. According to the box office statistics website Comscore, in 2021, the box office in the United States was 4.4 billion dollars, far less than the 7.4 billion dollars in mainland China. Therefore, after 2020, China film market won the global box office champion.

The fly in the ointment is that in 2021, the single-chip global box office champion is no longer a China film. Spider-Man: No Return of Heroes, which was released on December 17th, earned a global box office of 1.16 billion US dollars (about 7.4 billion RMB) by December 29th, and then overtook The Battle at Lake Changjin (5.772 billion RMB) to win the annual global box office champion.

In 2020, The Eight Hundred won the global annual box office champion with a box office of 3.11 billion yuan, which was the first time that a China film won the championship, which excited countless fans.

In 2021, Detective Chinatown 3, Hi, Mom and The Battle at Lake Changjin successively occupied the global box office champion throne. The Battle at Lake Changjin, in particular, remained at the top of the list until December 23rd, only eight days before the end of the year.

Unexpectedly, with the release of the Hollywood blockbuster "Spider-Man: No Return of Heroes" on December 17th and its best-selling in North America and around the world, especially its super-high box office in overseas movie markets, it quickly helped it to complete its counterattack in the last few days of the year.

As of December 29th, the global box office of Spider-Man: No Return of Heroes totaled 1.16 billion US dollars (about 7.4 billion yuan), and then it overtook The Battle at Lake Changjin (5.772 billion yuan) and won the annual global box office champion.

Looking back on 2021, China’s film and film market were mixed.

On the one hand, thanks to the strong prevention and control measures of the Chinese government, our film market has recovered rapidly, winning the global box office championship for two consecutive years and becoming the largest film market in the world.

At the same time, China filmmakers are becoming more and more familiar with the operation of the new mainstream blockbusters to express the values of the main theme and meet the aesthetic needs of ordinary audiences. The Battle at Lake Changjin broke the box office record of Wolf Warriors 2 (5.694 billion yuan) for four years and won the box office title of China film history with a box office score of 5.772 billion yuan.

On the other hand, China films are still facing many difficulties. Especially after we clearly put forward the goal of building a cultural power by 2035, it is even more urgent to solve these problems. Among them, judging from the creation and market performance of China films in 2021, there are at least three major problems to be solved urgently:

First of all, it is urgent for China’s films to spread overseas and expand overseas markets. Only by occupying a box office share commensurate with the film power in the overseas film market can we build a real film power.

Secondly, in 2021, the film market in China is seriously polarized, and the box office of a few head blockbusters is getting higher and higher, but the box office of most small and medium-sized films is very bleak; The box office of the Spring Festival, National Day and other important schedules has hit record highs, but the box office of ordinary days has been hovering at a low level for a long time.

In the new year, how should we reduce the excessive dependence of China’s film market on head films and festival schedules? This is an important topic, because China’s films need the high original support of the whole film industry, whether they are creative or peak in the market, otherwise it will not be a healthy film ecology and market.

Third, we need to have a more dialectical understanding and understanding of the main theme and positive energy film creation. The author believes that as long as they adhere to the people-centered creative orientation, show the true, the good and the beautiful, and lash the false, the evil and the ugly, they are all new mainstream films that carry forward the main theme and positive energy.

Recently, when director Zheng Xiaolong attended a conference in Macau, he thought that tragedies such as Hamlet, Les Miserables and The True Story of Ah Q and other works that castigate the false, the evil and the ugly were positive energy or negative energy. Indeed, it will make the audience feel painful and uncomfortable, but the impulse to promote social progress after the audience watches the movie is huge positive energy.

Therefore, we need to have a more dialectical understanding and understanding of the creation of films with the main theme and positive energy, especially those films that want to spread overseas and face the global film market, and we need to express the common feelings of human beings, carry forward the truth, goodness and beauty, and lash out at the false, evil and ugly.

I hope that in the near future, the overseas box office of China films will also surpass the local box office.

Still photos of the drama "anna karenine" of the Baltic House Theatre Du Yang photo

　　BEIJING, Beijing, November 2 (Reporter Ying Ni) The drama "anna karenine" of the Russian Baltic House Theatre was staged at the National Theatre on the evening of the 1st, which opened the curtain for the 2019 Beijing International Youth Theatre Festival. During the two-month drama festival, 21 works from China, Russian, French, Lithuanian, Belgian and Brazilian will be presented to the audience.

　　The opening drama anna karenine, adapted from lev tolstoy’s novel of the same name, tells the love tragedy of anna karenine, a self-seeking woman, with the background of czarist Russia in the second half of the 19th century. It was directed by Russian people’s artist Aleksandr Galibin, and won the highest theater prize of "Golden Sky Award" in St Petersburg.

Still photos of the drama "anna karenine" of the Baltic House Theatre Du Yang photo

　　Among other foreign plays, Lithuanian’s Under the Ice, Under the Ice mocked the poverty of culture and the absurdity of consumerism with 1000 plastic water bottles and fragmented music and video pictures. Belgium’s "forgotten to dust" is based on the Chernobyl accident, which comforts the lost soul with puppet poetry; Brazil’s "The Fury" uses 1500 books and natural light to interpret the growing and almost crazy turbulent emotions; Back to the beginning in France uses hip-hop dance to interpret Michelangelo’s Genesis as a "flowing mural" in the theater.

　　In domestic plays, Hamlet by Li Yao sets the stage on the ruins and reproduces Shakespeare’s tragedy in the form of experiments. Gao Xiaoqin’s Diary of a Seducer interprets the works of the same name by the existentialist philosopher Kierkegaard in the form of sound and body. Su Xiaogang’s "Mao Se" is adapted from the works of the German poet Heiner Miller, asking the proposition of "who is human"; Gu Min-wen’s Lemming is adapted from the script of Japanese poet shuji terayama to piece together an exciting and enthusiastic strange world. Peng Jiarong’s Where is Mickey? describes the absurd and bizarre family life in modern urban society. The "City" of the company with good symbiosis shows the behavior, thoughts and feelings of the little people living in Guangzhou through dance.

Still photos of the drama "anna karenine" of the Baltic House Theatre Du Yang photo

　　The unit "Through to avignon" includes eight works: A Doll’s House, The World is a Wandering Rabbit, Bonzi Tiger Chicken, An Experience Report on the National Happiness Index, 18th Floor, Group Age, Sleeping Beauty Awakens from a Dream, and We 2s: Labor Exchange Market. In addition, shorthand creative workshops, script reading, 48-hour V drama and other related activities will be held during the drama festival.

Meng Jinghui (second from right), artistic director and director of the Beijing International Youth Drama Festival, won the highest prize in the Baltic House International Drama Festival.

　　Before the live performance on the evening of the 1st, Sergey Schuber, director of the Baltic House Theatre in St. Petersburg, also presented the highest prize of the Baltic House International Drama Festival to director Meng Jinghui. In October, the Meng Jinghui version of Teahouse was officially invited by the Baltic House International Drama Festival to perform as the opening drama in St. Petersburg.

On August 28th, Changan Ford announced that the Ford L series was officially launched with a new 2.0T EcoBoost two-wheel drive and seven-seat fashion model, and the official guide price was 229,800 yuan. This new car was positioned as a seven-seat entry-level model, further enriching the product line of Sharp L. To celebrate the launch of a new car, Changan Ford introduced a limited-time car purchase courtesy. As of August 31st, consumers can enjoy a car purchase discount of up to 41,888 yuan, including a cash gift of 2,000 yuan, a replacement subsidy of up to 10,000 yuan, a three-year interest-free financial subsidy of up to 10,000 yuan, an eight-year/160,000-kilometer hybrid vehicle three-electric system warranty, three-year basic maintenance, two-year free road rescue and a limited-time promotion package.

With the addition of two-wheel drive and seven-seat fashion, all Ford Sharp L models offer seven-seat versions, and the seat layout can be selected in two configurations: 2+3+2 or 2+2+3, which flexibly meets the needs of different consumers. It is particularly worth mentioning that when the third row of seats or the second and third rows of seats are completely laid flat, the trunk volume can reach 969 liters and 2876 liters respectively, providing users with great storage space.

In terms of body size, Sharp L shows the atmospheric style of a medium-sized SUV, with the length, width and height of 5000/1961/1773 mm and the wheelbase of 2950 mm, which ensures the spacious and comfortable experience of passengers in the car.

Ford Sharp L two-wheel drive and seven-seat fashion models also spare no effort in technology configuration. The car is equipped with a 12.3-inch full LCD digital instrument panel and a 13.2-inch high-definition central control panel, built-in SYNC+2.0 intelligent line interconnection system, and supports more than 70 kinds of semantic voice interaction, so that drivers can enjoy the convenience of technology and feel the fun of intelligent travel.

In terms of comfort and practicality, the new car is equipped with panoramic sunroof, ANC active noise reduction technology, LED colorful interior atmosphere lights, three-zone independent control air conditioning, two or three rows of air conditioning outlets, PM2.5 filter device and 10-way adjustment of driver’s seat. In addition, the seats in the car are upgraded to leather materials, which further enhances the comfort and luxury of riding.

In terms of intelligent driving assistance, Ford Sharp L-two-wheel-drive seven-seat fashion model is equipped with L2 Ford Co-Pilot360 Zhixing driving assistance system, which supports advanced functions such as ACC full-speed intelligent adaptive cruise, LC intelligent navigation assistance system, AEB with pedestrian/bicycle identification, DAS fatigue driving warning, Intelligent Vehicle Infrastructure Cooperative Systems and TSR intelligent traffic sign recognition system, so as to provide drivers with a safer and more convenient driving experience.

In terms of power, Sharp L offers two options: 2.0T fuel version and 2.0T hybrid version. Among them, the engine of the 2.0T fuel version equipped with two-wheel drive and seven-seat fashion model has a maximum power of 185 kW and a maximum torque of 378 Nm. The maximum power of the 2.0T hybrid version system is 202kW and the maximum torque is 405nm. In terms of transmission system, the Sharp L fuel version is matched with an 8-speed automatic gearbox, while the hybrid version adopts an electronically controlled continuously variable transmission system, and some models are also equipped with a four-wheel drive system to meet the driving needs of different consumers.

As a strong competitor in the medium-sized SUV market, Sharp L has a price range of 229,800-309,800 yuan. In this price range, Sharp L’s main competitors include Toyota (price 249,800-348,800 yuan) and Honda (price 239,800-329,800 yuan) and other similar models.

　　China News Service, June 20. Yesterday was Father’s Day, and many celebrities took photos on Weibo to celebrate.

　　Li Bingbing posted a group of photos of her father, and hilariously posted eyeliner and red lips to her father, and netizens left messages to ridicule: "Ask for lipstick color number", "try to die, be careful of being forced to marry", "too similar, it must be biological".

　　Actor Chen Shu posted photos of his father when he was young, with the caption: "Obviously he is responsible for his appearance, but his dancing skills are outstanding. Hard work, hard work, you must do your best. Dad has set an example for me by doing it." Users praised him, saying: "Dad is really a male god with an explosive appearance."

　　Actor Chen He posted a photo with his father, with the caption: "The 2.0 version of beauty and IQ!" netizens left comments to joke: "Your father is much more handsome than you", "You are definitely not your biological", "Are you the father who stole Hu Ge?"

　　Actor Guan Xiaotong posted a photo of herself and her father on Weibo. "He will protect me, spoil me, make me breakfast, make dumplings," she said emotionally. "Sometimes he will be strict with me, control me, set rules for me~ But no matter what he is, who he is, he is my father." Users sent blessings: "Be mercilessly happy and happy."

　　Singer Ah Sa also posted a photo of himself and his father. The two in the photo look and look alike. A user commented: "Dad Sa is so trendy and handsome."

　　Singer Wang Feng posted a photo of his father’s military uniform on Weibo, and wrote: "Dad, I miss you! If only I could still be naughty in your arms… Happy Father’s Day." A user posted a consolation: "It’s a pity that your father didn’t see your musical achievements, you are his pride."

　　Zhang Xinyi also posted a photo of his father’s military uniform on Weibo. Users left a message saying: "Kill the current little fresh meat in seconds," while others joked: "At first glance, I thought it was Yuan Hong," "a cherry mouth exactly like yours."

　　Jiang Xin posted old photos of her father’s youth, and was identified by netizens as "like Wang Baichuan".

　　Online celebrity Gewei in Hechi and the 3rd Gepo Festival in Simeng Township, donglan were held in Simeng Sports Park recently, which was the third online celebrity Gewei held since the opening of online celebrity Chuangchuang Camp in Hechi, attracting more than 10,000 people from all counties (districts) in the city.

　　In recent years, the Information Office of Hechi Municipal Committee has taken the initiative to give full play to its functional advantages, with the help of the internet, taking strengthening the construction of network celebrities as the focus and innovation point to promote the construction of network civilization. By building the "online celebrity Creation Camp", the online celebrity House was established, and the "online celebrity Song Fair" was held to unite and unite the online forces such as online celebrity and Media V, tell the story of Hechi well, spread the sound of Hechi well, shape the image of Hechi well, and gather positive energy for the development of Hechi.

　　Be a good "online celebrity" housekeeper and carry forward the new trend of social civilization

　　"This time in online celebrity, there should be a competition for the hegemony of the Zhuang King of Songs", "Our’ Twilight Plan’ public welfare activities can take photos of local longevity elderly people for free" and "Longevity elderly people can’t hold activities to replenish food and prolong their lives" … The curtain of the cultural tourism brand activities of "March 3 Hechi Carnival in Guangxi" has not yet been opened, and the Hechi online celebrity Creation Camp has already become lively.

　　The Network Information Office of Hechi Municipal Committee insists on the Party’s management of the Internet, and incorporates the construction of network celebrities into the main points of the work of the Network Information Committee of the Municipal Committee. As a concrete measure to promote the network civilization work in the whole city, it continues to strengthen the role of network celebrities, and strengthen the contact and friendship of network celebrities through special investigations, seminars and exchanges, and build concentric circles online and offline. We have organized and carried out a series of online theme publicity activities, such as "Hechi online celebrity Hechi Beauty", "Yunshuo Magnificent and Charming Hechi" and "Shaking the New Hechi", focusing on the development of cultural tourism, rural revitalization, online public welfare and other fields, and created thousands of new media works to promote the new trend of online civilization. Up to now, Hechi online celebrity database has collected more than 150 online celebrities with more than 50,000 fans, including more than 10 online celebrities with more than 1 million fans.

　　Be a good housekeeper and bridge the gap for the development of positive energy. Since 2023, more than 30 people, including Xiaojiang Media and Hechi Tribe, have been recommended to participate in e-commerce gatherings, cultural tourism promotion and other activities to help Hechi cultural tourism promotion, agricultural product sales and charity, so that online celebrity and the activists can achieve a double harvest of "flow" and "realization".

　　Be a good "online celebrity" guide and encourage social responsibility.

　　Hechi City has played a leading role in the organization of the Party Committee of the Internet industry, and strengthened the ideological and political guidance for famous online celebrities and enterprises. The Information Office of the Municipal Party Committee and other departments have successively conducted lectures in Internet companies such as Lida E-commerce Logistics Co., Ltd. and Yizhou Forum, constantly rallying ideological consensus and enhancing the political identity, ideological identity, theoretical identity and emotional identity of online celebrities to the Party.

　　The "Hechi City Network Civilization Proposal" was issued to the whole city to guide the local media and network celebrities to consciously fulfill their social responsibility obligations. Hechi tribe, Zhuang township Xiao Mo and other media and network celebrities created and launched more than 1,000 high-quality works such as "Is this the taste of Hechi # Guangxi # Returning to Hechi for the New Year #", and Xiaojiang Media’s online public service advertisement "Even though there are 2020 difficulties, there are still 2021 kinds of persistence (dedicated to you who persist during the epidemic)". Internet celebrities such as Tan Lianqiao and Xiao Fan have devoted themselves to online public welfare undertakings. Online public welfare projects such as the "Neem Flower 1+1 Education Project" in Du ‘an and the "Partner Program" in Dahua Wild Lily have benefited children in mountainous areas, and online public welfare has continuously infiltrated people’s hearts.

　　Hechi City encourages social responsibility by guiding network celebrities to give full play to their own characteristics and advantages, which has laid a solid foundation for promoting Hechi, promoting Hechi and revitalizing Hechi with the help of the Internet.

　　Do a good job of "online celebrity" stylist and set an advanced typical benchmark.

　　Hechi City has always attached great importance to the excavation and tree selection of celebrities in the positive energy network. It has set up a column of online celebrity Creation Camp on Hechi.com, organized reporters to conduct an exclusive report on positive energy online celebrity, launched more than 10 daily series of positive energy reports by online celebrity, such as "Mini Brother in Luocheng", and planned to launch a series of video works "New Life in Singing", a folk song with unique Hechi characteristics, to tell the daily stories of online celebrity in Hechi, spread the good voice of the Internet, and guide the cyberspace to form a positive atmosphere.

　　Hechi City pays attention to the demonstration and guidance of network celebrities. By taking activities such as "Five Hundred" and "Strive to be a good netizen in Bagui" as the starting point, and taking the New Media Federation and online celebrity Creation Camp as the positions, it has done a good job in selecting typical trees for netizens. In recent years, it has recommended more than 20 network celebrities such as Gao Dongfeng and Hu Liufang as "good netizens in Bagui" models, moral models, the most beautiful people and good people around them. In addition, in recent years, phenomenal online celebrity, such as Waina, Wu Enshi and rural Xiaojing, have emerged in Hechi, becoming the flag pole of Hechi "online celebrity".

　　In this year’s "V Viewing the New Countryside and Seeing the Changes in Hometown-Hechi New Media Entering Donglan Simeng Public Welfare", online celebrities, light and shadow sculptors and other public welfare organizations took photos of the birthday girl and more than 10 pairs of long-lived elderly people, leaving a precious mark on the old people’s half-century caring for each other. With the flashing of flashing lights, moving and sweet smiles were captured one by one, making the atmosphere of the whole event happy and romantic.

　　Nowadays, the celebrity of positive energy network in Hechi City is gradually becoming an "important online force" for Hechi to further promote the construction of network civilization, becoming a disseminator of positive energy, a recorder of the times, a watcher of fairness and justice, and a promoter of social progress. (correspondent class teacher Wu Jianping Guangming Daily, all-media reporter Zhou Shixing)