News of Water Resources Department of Jiangsu Province [Xinhua Daily] Beauty lies on the banks of Qinhuai River.

In December, the Qinhuai River is still shuttling, with beams and columns carved on both sides, and the wonderful scenery of "oars and lights at night beside Qinhuai" dispels a lot of winter chill. This 110-kilometer-long "Mother River" of Jinling City supports the profound heritage and sustained prosperity of Nanjing.

Qinhuai River flows through nine administrative regions of Nanjing and Zhenjiang, with a drainage area of 2,684 square kilometers, and is known as "small drainage area, great guarantee". "During his inspection in Jiangsu, General Secretary of the Supreme Leader emphasized that the protection of urban ecological environment must be placed in a more prominent position in building a harmonious and symbiotic modernization between man and nature." Zhang Jiaxue, director of the Qinhuai River Water Conservancy Project Management Office in Jiangsu Province, who manages two water conservancy hubs, said that in the past few years, the management office has adhered to the guidance of party building, driven the red engine to focus on the "clear water defense war and river and lake protection war", implemented normalized ecological water transfer, and strengthened the long-term management and protection of rivers and lakes, which has effectively guaranteed the stable and good water quality of Qinhuai River and Nanjing urban areas, and the rivers and lakes have fully recovered, contributing to the Qinhuai power for the green development of the basin.

Party building+initial heart, ecological hydration for 15 years, gathering together to "clear the river and meet Qinhuai"

The hour hand is set back to February 11th this year. The Qinhuai Xinhe Pumping Station of Qinhuai River Management Office of Jiangsu Province started the ecological water replenishment operation after the COVID-19 epidemic. This is the first batch of provincial water conservancy projects that Jiangsu water conservancy system took the lead in dispatching and running, which is of great significance to ensuring the ecological security of river basin water during epidemic prevention.

The epidemic situation is grim. In the case of insufficient boot personnel, the management office immediately put party flag on the front line of operation and took the lead in taking up his post in party member, Ning. "It is always said that party member should play an exemplary and leading role, and it is of great significance to participate in the anti-epidemic water supply operation in this special period." On the same day, the reporter rushed to the scene, and party member Li Chenxiao, a young man on duty, said with a smile.

The reporter saw that, driven by three large-scale horizontal axial flow pumps, the Yangtze River water was continuously replenished into Qinhuai New River through the flow channel, and the noise of the unit in the factory building was as high as 95 decibels, which made ordinary people feel headache after staying in this environment for 20 minutes. The operating personnel on duty not only had to overcome the influence of high decibel noise, but also patrolled and recorded the water level of the well, the temperature and pressure of the unit every hour to ensure the normal operation of the water supply and drainage system of the whole pumping station.

Since 2005, the ecological water replenishment of Qinhuai River has been implemented for 15 years. In the past five years, the water has been pumped to 2.5 billion cubic meters, exceeding the storage capacity of 400 Xuanwu lakes. The indexes of pH value, dissolved oxygen, ammonia nitrogen, permanganate and total phosphorus in the water ecological assessment sections of Qinhuai Xinhe and Qiqiaoweng have been stably controlled in the normal range, which has promoted the water ecological environment of Qinhuai River basin to enter a benign development track.

"In recent years, the management office has established a normalization mechanism for ecological water replenishment in Qinhuai River, and the ecological water replenishment has changed from sporadic and seasonal scheduling work to normalization and year-round routine work." Zhang Jiaxue said that the normalized ecological water replenishment has made the first-line dispatching work more frequent and more important. Therefore, the management office set up an ecological water replenishment operation support team with party member as the main part, and at the same time carried out the research on ensuring ecological water level dispatching and the preliminary work of Qinhuai Xinhe Hub reconstruction and expansion project to explore and improve the ecological support capacity of water conservancy projects.

Party building+innovation, the first "ecological service station" to fight the battle against floating objects on the water.

While actively running water, the management office actively protects water. On September 25th this year, the "Wudingmen Water Control Project Ecological Service Station" was officially unveiled. This is the first ecological service station in the provincial water conservancy system. It adopts the mode of combining mechanical and manual forces to carry out long-term management and protection of more than 30,000 square meters of water in the upper reaches of Wudingmen Gate, and completely closes the east gate of floating objects entering the main urban area of Nanjing.

"This year, due to factors such as high water level flood discharge, temperature and project scheduling in flood season, the situation of large-scale accumulation and large-scale drift of various floating objects on the water surface of Wudingmen Gate has been frequent." Liu Jianhua, who is responsible for the salvage of floating objects on the water surface, said that in order to solve the problem of aquatic plants salvage and disposal as soon as possible, the management office, on the one hand, deployed elite forces from all over the place to salvage floating objects in turn every day through high-power salvage boats, on the other hand, purchased a 150-ton heavy aquatic plants baler to reduce the weight and volume of floating objects through large-tonnage compression and improve the efficiency of outbound transportation. This year’s salvage data shows that the maximum daily salvage capacity of the ecological service station is 145 tons, which is equivalent to the carrying capacity of two freight trains.

"It is the unshirkable responsibility of the water conservancy department to clean the river and maintain the water environment. The establishment of an ecological service station is a long-term mechanism to ensure the water environment and ensure water safety, which requires long-term cooperation and joint efforts of all parties." On the day the service station was unveiled, Zhou Ping, chief engineer of the Provincial Water Resources Department, made a special trip to the scene. At present, while doing a good job in salvage operations, the service station regularly inspects the upstream river, grasps the amount of floating objects in time, and urges the management units along the line to strengthen supervision and promote the ecological protection of river linkage.

Wang Xiulian, who lives in the nearby Zhazha community, can’t help feeling: "My family lives by the river. When the weather is hot, my wife doesn’t even dare to open the window. Now, the weeding work of the management office has never stopped, the river is clean and tidy, and egrets pass by the river from time to time. We often go for a walk by the river, which is very comfortable. "

Party building+heart, Shijiu Lake Gucheng Lake reappears the scenery of smoke and waves

This year, Shijiu Lake, the "mirror of the sky" and "Swan Lake", has been frequently searched by CCTV and the Internet. This provincial lake, located at the junction of Lishui District and Gaochun District in Nanjing, Anhui Province, and dangtu county District and Bowang District in Maanshan City, Anhui Province, has attracted many netizens to punch in with its unique charm of clear water. As a liaison unit of provincial rivers and lakes, in recent years, the management office has been keeping a close eye on the goal of "building a healthy ecological lake model", assisting the provincial water resources department to strengthen the management of Gucheng Lake in Shijiu Lake, and has participated in and witnessed the ecological changes of the two lakes step by step.

"This year, we explored and established a drone intelligent patrol system in Gucheng Lake, Shijiu Lake, using drones to regularly take aerial photographs of the two lakes, and intelligently identify, process and analyze the original images, and trace back the illegal construction of the coastline, floating objects on the water surface, cyanobacteria, etc." Min Kexiang, the head of the river and lake department of the management office, told the reporter that aerial photography of drones effectively compensated for the problem of insufficient frequency of satellite remote sensing monitoring. For the suspected problems found in each inspection, the management office will report them through the smart lake patrol system and follow up the inspection and processing results throughout the process.

According to the grid division of Gucheng Lake in Shijiu Lake in 2019, the management office equipped 50 lake inspection system terminals for the relevant lake management and grid inspection personnel in the city and district respectively, organized and held a training course on lake grid management, and formulated and issued the Implementation Opinions on Grid Management of Gucheng Lake in Shijiu Lake. The management scope, real-time location, historical route and uploaded case information of each grid member are traceable, and gradually formed "network freeze, grid determination and responsibility determination". The reporter learned from the 2020 assessment meeting on the management and protection of Gucheng Lake in Shijiu Lake held by the management office that Gucheng Lake is basically in Class III water standard all year round, and the water body of Shijiu Lake is basically in Class III-V water standard all year round, and the water quality of the two lakes has been significantly improved.

Legends and allusions, write down the vicissitudes of Shicheng Nanjing; Rivers and lakes cast the soul of Jinling, the ancient capital. Zhang Jiaxue said that as an important department in the construction of water ecological civilization in Qinhuai River Basin, the management office will continue to work hard on the deep integration of party building and central work, lay a good job in the "initiative" of "one river and two lakes" industry management, and start a new journey of water conservancy modernization with the road of ecological water control with Qinhuai characteristics, adding color to beautiful Jiangsu.

 Author: Wu Qiong

 

Heavy! Regarding Sino-US economic and trade frictions, China issued a white paper giving 13 authoritative conclusions.

        Heavy! Against the background that the US keeps escalating the Sino-US trade friction despite its opposition, the Press Office in the State Council, China today released a white paper entitled "Facts about Sino-US Trade Friction and China’s Position". This nearly 40,000-word document clarified the key facts in Sino-US economic and trade with detailed data and cases, strongly refuted a series of untenable arguments of the US government, and fully expounded China’s position and attitude. On Sino-US economic and trade frictions, the white paper puts forward 13 authoritative conclusions!

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Conclusion 1. The "American Loss Theory" is untenable.

Since the establishment of diplomatic relations between China and the United States, bilateral economic and trade relations have continued to develop, and cooperation in trade and investment has achieved fruitful results, achieving complementary advantages and mutual benefit. China has benefited a lot from it, and the United States has also gained extensive and huge economic benefits from it, sharing the opportunities and achievements brought by the development of China.

On the whole, Sino-US economic and trade cooperation is a win-win relationship, not a zero-sum game. American enterprises and nationals have benefited from it, and the "American loss theory" claimed by some Americans is untenable.

Second, it is unfair to blame China for the imbalance of trade in goods between China and the United States.

The imbalance of trade in goods between China and the United States is more a natural result of the independent choice of the market under the American economic structure and the existing comparative advantage pattern. To solve this problem, both sides need to make joint efforts to carry out structural adjustment. It is unfair and unreasonable for the United States to ignore many factors that affect Sino-US economic and trade relations, unilaterally emphasize the imbalance of trade in goods between the two countries, and blame China.

Third, the so-called "fair trade" in the United States will cause a wider range of unfairness

The so-called "fair trade" emphasized by the current American government is not based on international rules, but on the premise of "American priority" and aims at safeguarding America’s own interests.

The "fair trade" and "reciprocal opening" advocated by the United States deny the objective differences in the development stages, resource endowments and advantageous industries of various countries, and ignore the development rights of developing countries, which will inevitably have an impact on the economies and industries of developing countries, resulting in a wider range of unfairness, and ultimately will not be conducive to American enterprises to expand the international market and share the development opportunities of developing countries.

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The so-called "compulsory technology transfer" in China is a complete distortion of the facts.

Since China’s reform and opening-up, in order to expand emerging markets, save production expenses, realize economies of scale and extend the time of technology profit, foreign enterprises have taken the initiative to establish cooperative partnership with China enterprises, signed contracts and transferred their production capacity and orders to China, which is entirely a voluntary behavior of enterprises based on commercial interests. We should not distort the original voluntary trading activities of both parties into compulsory technology transfer because of the technological progress of enterprises in China, which is neither in line with historical facts nor a betrayal of the spirit of contract.

The U.S. government calls the voluntary cooperation of foreign-invested enterprises to establish partnership with China enterprises, transfer or license their technology and jointly obtain commercial returns in the China market "compulsory technology transfer", which is a complete distortion of the facts.

Conclusion 5. The accusation of the United States against intellectual property protection in China is contrary to the facts.

China has a clear and firm attitude towards the protection of intellectual property rights, and has continuously strengthened protection at the legislative, law enforcement and judicial levels, and achieved remarkable results. The recent accusation of the US government against China’s intellectual property protection is contrary to the facts, completely obliterating China’s great efforts and achievements in intellectual property protection.

Conclusion 6. China government’s support for enterprises to go global is not a government action to promote enterprises to acquire advanced technology from other countries through mergers and acquisitions.

Like other countries and regions in the world, China government supports powerful and qualified enterprises to invest abroad and expand the international market on the premise of observing the laws and regulations of the host country and international rules, and the government provides convenient services for enterprises’ foreign investment cooperation. The United States regards the China government’s support for enterprises to go abroad as a government action to promote enterprises to acquire advanced technology from other countries through mergers and acquisitions, which lacks factual basis.

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Conclusion 7. There are a large number of investment and trade restrictions policies and behaviors in the United States.

There are a large number of investment and trade restrictions policies and behaviors in the United States that distort market competition, hinder fair trade and split the global industrial chain, which are detrimental to the rule-based multilateral trading system and seriously affect the normal development of Sino-US economic and trade relations.

Conclusion 8. The international trade friction provoked by the United States will ultimately harm the long-term interests of the United States.

As the main founder and participant of the international economic order and multilateral trading system after World War II, the United States should take the lead in observing multilateral trade rules and properly handle trade frictions with other member countries through the dispute settlement mechanism under the framework of the World Trade Organization, which is also a clear commitment made by the US government to the international community. However, since taking office, the new American administration has unilaterally emphasized "American priority", pursued unilateralism and economic hegemonism, abandoned international commitments, and provoked international trade frictions in all directions, which not only harmed the interests of China and other countries, but also damaged the international image of the United States itself, shaken the foundation of the global multilateral trading system, and will ultimately harm the long-term interests of the United States.

Conclusion 9. The extreme trade protection measures taken by the United States hurt global economic and trade relations.

A series of extreme trade protection measures adopted by the US government have destroyed the international economic order, harmed global economic and trade relations including Sino-US economic and trade exchanges, impacted the global value chain and the international division of labor system, interfered with market expectations, and triggered violent shocks in international finance and commodity markets, which has become the biggest uncertain factor and risk source for global economic recovery.

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Conclusion X. China is confident, determined and capable of coping with various risk challenges.

For the trade war, China is unwilling to fight, not afraid to fight, and has to fight if necessary. We have strong economic resilience and broad market space, the industrious and intelligent people of China, and the support of all countries in the world that oppose protectionism, unilateralism and hegemonism. We are confident, determined and capable of coping with various risk challenges. No external factor can prevent China from developing and growing.

The healthy and stable development of Sino-US economic and trade relations is expected by the international community.

Sino-US economic and trade frictions are related to global economic stability and prosperity, and to world peace and development, and should be properly resolved. Peace between China and the United States is beneficial, but fighting is harmful. It is in the fundamental interests of the two peoples and the common interests of the people of the world to maintain healthy and stable economic and trade relations between the two sides, which is expected by the international community.

Conclusion XII. The open door of China will not be closed, but will only grow wider and wider.

Reform and opening up is the basic national policy of China and the fundamental driving force for the development of China. The direction of China’s reform will not be reversed, but will continue to deepen. China’s open door will not be closed, but will only get wider and wider. China will continue to deepen reform and open wider to the outside world in accordance with the established deployment and pace, comprehensively promote the rule of law and build a socialist country ruled by law.

Conclusion XIII. China adheres to the general trend and the right path and unswervingly upholds the multilateral trading system.

If you get the word, you will get more help, but if you lose it, you will get less help. Faced with the international situation of increasing uncertainties, instability and insecurity, China Do not forget your initiative mind has always walked with the world, followed the general trend, upheld justice and followed the right path, unswervingly safeguarded the multilateral trading system, unswervingly promoted the reform of the global governance system, always been a builder of world peace, a contributor to global development and a defender of the international order, and unswervingly promoted the building of a community of human destiny.

(finishing: People’s Daily client Yue Xiaoqiao Zuo Xiao)

Spent 139,800 yuan on Sonata, an automatic manual transmission (AT).

Today, this car is very distinctive. Now let’s follow Xiaobian to see what it has done.

First of all, from the appearance, the front of Sonata looks very avant-garde, and the shape of the net uses a polygonal big mouth design, which makes people unforgettable. Paired with headlights, it looks very sporty. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4945 mm * 1860 mm * 1450 mm. The car adopts capable lines, giving people a very fashionable and simple feeling. With large-sized thick-walled tires, it looks full of sports. In the rear part, the rear looks simple, the taillights look tough, and the exhaust pipe adopts the exposed shape with double sides, creating a good gas field.

In terms of interior, the interior looks very delicate and elegant, which is very fashionable and generous. The steering wheel of the car is very in line with the interior style. It is equipped with the functions of manual steering wheel up and down+front and rear adjustment, steering wheel heating, etc., and the grip is full and delicate. Let’s take a look at the central control. The design of the center console is reasonable, which makes the interior style impressive and gives people a sense of dignity. Finally, let’s look at the dashboard and seats. The dashboard of this car presents a fierce design style, which is very eye-catching. The car uses a leather/suede mix seat, which is wide and thick and has good overall comfort.

Sonata is matched with automatic manual transmission (AT) gearbox, with an acceleration time of 8.3s per 100 kilometers, which has good power performance and is completely OK for daily use.

Equipped with car networking, driving mode selection, remote control key, Bluetooth key, NFC/RFID key, UWB digital key, indoor atmosphere light, engine start and stop, etc., it has rich functions and greatly improves its convenience.

Such a car with the right price is enough to meet the daily practical needs, and it doesn’t take much thought to maintain it at ordinary times, and the cost performance is good. Interested riders might as well go offline and actually experience it.

Analysis of Tank 300 New Energy There are surprises everywhere.

What I want to talk about today is a plug-in hybrid car. Let’s take you to appreciate its style.

First of all, from the appearance, the tank 300 new energy front presents an avant-garde personality design style, which makes people unforgettable. The headlights are very simple and the shape is quite sharp. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Come to the side of the car, the car body size is 4760MM*1930MM*1903MM, the car adopts elegant lines, and the side of the car gives people a very streamlined feeling. With large-sized thick-walled tires, the shape is eye-catching. In terms of the rear end, the rear end looks more atmospheric, and the taillights look very young and fashionable. Overall, it is still relatively avant-garde.

When I came into the car, the interior style was very fashionable and simple, which made people feel very streamlined. The steering wheel design of the car is very deep, and it is made of leather, which gives people a good grip experience. From the central control point of view, with the 12.3-inch central control screen, the interior style is impressive, and the overall design of the central control is very good. Let Xiaobian introduce the dashboard and seats. The dashboard design is remarkable, and the trendy design elements make people remember it at a glance. The car uses leather seats, which are wide and thick and comfortable.

The car is equipped with car networking, driving mode selection, remote control key, Bluetooth key, rear wiper, interior atmosphere light and other configurations, with rich functions, which greatly enhances its convenience of use.

After reading the above introduction, let’s make a summary. The moderate size of the car is a very suitable choice for many families, and the internal space is enough for daily use in families.

Biden nominated Harris as his running mate: Democrats celebrate, Republicans "fire"

  On the 11th local time, Biden, former US vice president and Democratic presidential candidate, announced that he had chosen California Senator Kamala Harris as his running mate.

  As soon as the news came out, many Democrats, black leaders and civil rights advocates praised the decision. At the same time, many Republicans expressed surprise and dissatisfaction with Biden’s move, and even began to criticize Harris’s past experience for making her unsuitable for the post of vice president.

  The Democratic Party and civil rights organizations congratulated each other.

  According to a report by the National Broadcasting Corporation (NBC) on the 11th, Nancy Pelosi, Speaker of the House of Representatives, said in a statement: "Biden’s nomination of Harris as the Democratic vice presidential candidate is a historic and proud milestone for our country. As a candidate for the vice president of the United States, Harris will continue to push our country forward with pioneering leadership. "

  Val Demings, a black female representative who participated in the primary election in the Democratic Party, stressed that this is the first time that a black woman has been nominated by a major political party. "This has once again strengthened my belief — — In America, everyone has a chance to succeed, no matter who he is or where he comes from. "

  Another former Democratic presidential candidate, Bernie Sanders, also praised Harris for "knowing how to stand up for the people and fight for universal health care".

  Former Secretary of State Hillary Clinton said on Twitter that she was "very excited" to welcome Harris as a vice presidential candidate and praised her as "a great public official and leader."

  Reuters reported on the 11th that after learning that Harris nominated the vice president, former President Obama also praised him: "Harris has been defending the Constitution all his career and fighting for those who seek fair treatment."

  Outside the Democratic Party, many black leaders and civil rights advocates also expressed their appreciation for Harris. According to a report by the National Broadcasting Corporation (NBC) on the 11th, Alphonso David, chairman of the Human Rights Campaign, bluntly said that Harris was an outstanding candidate for the vice president. Aimee Allison, the founder of "She the People", a group dedicated to promoting women of color to participate in politics, also believes that Harris is a descendant of Jamaican and Indian immigrants, which is of great significance to black women and women of color, and her nomination as vice president is of historic significance.

  The Republican party fired a heavy gun.

  On the other hand, many Republicans expressed surprise and dissatisfaction with Harris becoming the vice presidential candidate.

  Reuters reported that many Republicans described Harris as a "radical" and accused her of giving priority to supporting far-left affairs, such as carrying out large-scale police system reform. US President Trump also expressed surprise at Biden’s choice. He thought Harris was "the most despicable, terrible and disrespectful person in the US Senate" and "one of the biggest liberals".

  Marsha Blackburn, a Republican senator, claimed that Harris’s election as vice presidential candidate reflected that the Democratic Party had been taken over by "left-wing forces" because she supported the abolition of private insurance and universal health insurance. In addition, NBC reported that Ronna McDaniel, chairman of the Republican National Committee, said on Twitter that Harris’s "extreme position" showed that "the left wing ‘ Thug ’ They are controlling Biden’s choice, just as they will push Biden to the presidency. " (The Paper trainee reporter Wang Lu)

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  On November 17th, 2023, the 21st Guangzhou International Automobile Exhibition was grandly opened in the Canton Fair Exhibition Hall. Known as "the first luxury electric off-road vehicle in China", it made its debut at the Warriors Technology booth in Hall 17.2, Zone D, New Energy Exhibition Area of Guangzhou Auto Show.

  At this year’s Chengdu Auto Show, Warrior 917 was officially listed, with the official guide price of 637,700 yuan and 697,700 yuan. The original version of Warrior 917, the official guide price was 678,000 yuan and 739,000 yuan. At present, the new car has fully entered the user delivery stage. At this Guangzhou Auto Show, Warrior 917 exhibited five Warrior 917s, namely, exhibition cars equipped with three official optional kits, namely, Weekend Warrior, Desert Falcon and Wilderness City, and two models with official color change schemes.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.
2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  In terms of appearance, the new car has greatly restored the design language of the concept car, and the angular lines are very mechy. Looking from the front, the new car adopts a flat hexagonal air intake grille, and the interior of the middle net is decorated with wavy decorative strips. The large-size brand LOGO is embedded in China Net, which is very domineering. The design of the new car also incorporates a large number of ancient weapon elements. For example, the unique LED daytime running lights are inspired by the ancient weapon-Ge.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  The sharp waistline design on the side of the new car creates a good dynamic effect, and the rough wheel eyebrows and side pedals indicate that the new car will have good off-road ability. In terms of dimensions, the length, width and height of the new car are 4987/2080/1935mm and the wheelbase is 2950mm respectively.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.
2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  Warrior 917 offers a variety of wheels to choose from. There are two options for the pure electric version, namely, 20-inch aluminum alloy rim with HT tire and 20-inch forged rim with AT tire. On the basis of the pure electric vehicle, the extended-range version can also choose the combination of 20-inch forged rim +AT tire and 20-inch anti-drop tire +AT tire.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  In terms of the rear end, the new car also uses many sharp line designs, which has a strong sense of hierarchy. The shape of the taillight of the new car originated from the ancient weapon-Ge, and at the same time, it was blackened and dynamic. It can be seen that the trunk door of the new car adopts a side-opening mode and an oversized spare tire box is hung, which are the classic design elements of high-end hard-core SUV.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  The pure electric model can be equipped with a roof expansion platform, including a luggage rack with a weight of 150 kg, an 80W overhead light with an irradiation distance greater than 300 meters and a boarding ladder. In addition, it can also be equipped with a simulated exhaust sound and an Oriental Hawkeye intelligent drone system. On the basis of the pure electric version, the extended range version can also be equipped with an electric winch (provided by T-MAX, supporting wireless remote control and supporting 12500ibs specifications) and a full-size spare tire.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.
2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  Although the Warrior 917 is a model with a hard-core style, the interior layout has a strong sense of science and technology. Its center console consists of a full LCD instrument, a large-size central control panel and a co-pilot entertainment screen, and is matched with a two-color splicing decorative panel, which has excellent texture. In detail, the new car also incorporates many innovative elements, such as the shift area similar to the yacht throttle, the gear selection on the left side and the driving mode option on the right side, which has a strong sense of ceremony when operating.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  In terms of power, under the blessing of M TECH, a warrior intelligent off-road architecture composed of three hard-core technology clusters: MORA, MEGA POWER and M, Warriors 917 integrates the core advantages of "super platform, super power and super off-road" and becomes a veritable new off-road species. Warrior 917 will provide both pure electric and extended range power specifications. The former adopts four motors, the maximum output power reaches 800kW, the peak torque is 1400N·m, the wheel torque exceeds 16000N·m, and the acceleration of 100 kilometers takes only 4.2 seconds, while the latter adopts three motors layout, with a pure electric battery life of 156 kilometers and a comprehensive battery life of 825 kilometers.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  In addition, the new car will have L3 intelligent driving assistance system to support high-speed, elevated autopilot navigation; Automatic driving and piloting in urban areas. It will also be equipped with technologies such as flying with unmanned aerial vehicle, reverse charging, parking service and crab walking mode.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  As a new off-road species, Warrior 917 uses a large number of subversive technological innovations, from the technical route to the development landing, and then to the test and verification. Warrior 917 dares to break into the technical no-man’s land and realize the integration of the off-road technology of Warrior military vehicles and the electric intelligent technology. The calibration and verification cycle lasts for 24 months, covering 9 typical off-road roads, 100+ times of software strategy optimization and iteration, and the all-terrain test system of military standard level, which makes the warrior 917 have reliable quality that can stand the test.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  Since October, 2021, Mengshi Technology has successively invested more than 1,500 R&D personnel and more than 300 Mengshi 917 vehicles to complete the reliability and durability verification of the whole vehicle in cross-altitude, cross-region, cross-climate and full working conditions, covering 28 provinces, municipalities and autonomous regions across the country, covering more than 99.5% of user usage scenarios.

  At the same time, Warrior 917 is the first in the industry, and it has passed the four-round verification of the national reliability and durability standard for 1 million kilometers of military off-road vehicles, covering the high temperature, high cold and high plateau tests of military off-road vehicles, and verifying the vehicle’s ability to cope in extreme environments.

  From the ice and snow at MINUS 40 degrees to the desert Gobi at 60 degrees, from the cold region to the plateau, from Mohe to Turpan, from the harsh working conditions of off-road venues to the opening of roads in the whole scene, Warrior 917 has traveled all over most of China, and has withstood the extremely severe working conditions such as continuous acceleration and deceleration of the Flame Mountain for 3 hours in summer, continuous direct extraction of Tengger desert sinkholes for more than ten times in summer, and direct extraction of Bilutu Peak in Badain Jilin desert for more than five times in summer.

  It is worth mentioning that the Warrior 917 is the first new energy vehicle in the industry to successfully cross the border secret line of National Highway 219, Dahai Road and Keriya Ancient Road. Up to now, Warriors 917 has accumulated more than 6 million kilometers of off-road reliability and durability verification, which has been verified by real-world targeted tests to improve the off-road reliability and fault tolerance of the core system.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  Weekend warriors, presenting wild luxury camping imagination, side awning, tailgate table board and mounting space, make leisurely life close to nature. When electric energy lights up the whole camp and gives the body and mind to nature, a unique meditation journey will begin.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.
2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  The falcon in the desert is the representative of the hard-core desert crossing, with all kinds of anti-tripping wheels, winches and multifunctional flagpole supports, showing the off-road passion of rolling blades and foaming at the mouth.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.
2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  The city of the wilderness represents the enthusiasm of being ready to leave at all times. Forged wheels are more textured, and the six-piston red brake calipers customized by Brebo are more sporty and bring a full sense of security.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  In addition, two exhibition cars with camel color and gray official color change scheme are selected, which intuitively presents the visual effect of Warrior 917 personalized color customization scheme.

2023 Guangzhou Auto Show: Luxury electric off-road warrior 917 unveiled.

  Not only the technology and testing of hard-core rationality, but also the off-road ecological layout with temperature and style. Warriors have built an immersive off-road experience center in the park, set up a complete and systematic off-road course, and built a variety of standardized off-road scenes. At present, more than ten professional off-road bases have been signed in the country, which will provide users with the ultimate world-class oriental off-road experience. With the deepening and future development of user delivery, Warrior, as the leader of the first year of luxury electric off-road in China, is bringing the world-class oriental off-road experience to all pioneers who love off-road and outdoor in their own way.

Huawei partners with China Telecom to launch full Netcom 4G dual-SIM flagship mobile phone P7

On May 18, Huawei and China Telecom launched the full Netcom 4G-LTE dual SIM flagship mobile phone Ascend P7. Mr. Gao Tongqing, deputy general manager of China Telecom group company, general manager of China Telecom Group Marketing Department, Government and Enterprise Customer Department, Entity Channel Department, Electronic Channel Department, end point company, etc., Huawei Consumer BG CEO Yu Chengdong, president of mobile phone product line He Gang, and nearly 1,000 channel providers across the country attended the P7 listing ceremony.

Liu Ping, general manager of China Telecom’s marketing department, said at the ceremony: "China Telecom is the world’s largest cable broadband Internet and CDMA 3G network operator. By the end of 2013, the total scale of China Telecom’s broadband Internet, Mobile Market, fixed-line voice and other three types of users has exceeded 450 million households. Through the construction of the world’s largest, the earliest domestic commercial and the widest coverage of Tianyi 3G network, China Telecom’s end point market and Tianyi’s user scale have achieved rapid development, and it is known as the pioneer of the information age" one step ahead and grasp the future ". In 2014, China Telecom took the trend of 4G and actively promoted the process of 4G business. It launched its 4G brand "Tianyi 4G" for the first time, giving full play to its advantages in 3G coverage and mobile voice quality, and promoting the coordinated development of 3G and 4G. This time, China Telecom joined forces with Huawei to launch the full Netcom 4G-LTE dual-SIM flagship mobile phone Huawei P7, which is of great strategic significance to the development and deployment of China Telecom and Huawei in the 4G era. "

Yu Chengdong, CEO of Huawei Consumer BG, said: "Last year, Huawei partnered with China Telecom to sell Huawei P6 and achieved a brilliant performance of selling one million units. It led the range of 2500-2999 yuan for 6 months and won the" Most Popular Business Smartphone in CDMA End Point 2013 ". This time, Huawei and China Telecom jointly released Huawei P7 Telecom Edition. It is believed that with the close cooperation between the two parties, Huawei P7 sales will surpass P6 and double sales. Huawei P7 redefines smartphones in ID design, camera experience and 4G network connectivity, and will surely provide consumers with an unprecedented extraordinary experience. Huawei P7 becomes the first LTE dual-SIM flagship mobile phone in a full Netcom 4G environment. It uses HiSilicon + VIA dual-core shining, and has the industry’s leading SVLTE solution for telecommunications. It supports dual-card triple-standby tee, Tianyi 4G fast network surfing and perfect voice synchronization, and dual-card voice service dual-pass, which helps China Telecom’s 4G business to develop greatly. "

The dual antenna design with the coexistence of the main antenna and the diversity antenna has stronger signal reception and transmission capabilities in the LTE network environment. The main antenna adopts Huawei’s original patented technology, which well solves the impact of the user holding the metal body, and the signal optimization is better. In addition, Huawei P7 also has intelligent network selection technology, which avoids the frequent switching of mobile phones in the 4G and 3G frequency bands, greatly reduces the power consumption of the mobile phone, and enhances the signal stability of the mobile phone.

Similarly, the Huawei Ascend P7 also has excellent performance in design. The double-C chamfer design is inspired by the famous M?bius ring, showing the beauty of the integration of Eastern and Western cultures in an infinite cycle, which makes the mobile phone exude a quiet and harmonious natural beauty. The back of the mobile phone adopts Corning’s third-generation gorilla glass back cover. After the 7-layer coating process of excellence, the vision is more transparent and three-dimensional, and it integrates the multi-level, meaningful and unobtrusive quality of high-end watches, allowing consumers to see the halo and faint lines from any angle. In addition, the 5-inch 1080P full high definition screen, 13 million Sony’s latest flagship back-illuminated IMX214 lens, 5-layer aspherical optical lenses and blue glass technology front 8 million pixel camera and 1.8GHz HiSilicon Kirin 910 quad-core processor, 2GB RAM + 16GB ROM and other powerful hardware configurations have injected strong running power into this annual boutique, bringing unprecedented system interaction experience.

It is reported that the 4G telecom version of Ascend P7 is now on sale in Huawei Mall, JD.com, Suning.com, Gome Online, No. 1 Store, and Amazon’s six major e-commerce platforms. From May 17th to 24th, the first sale of Huawei P7 will be carried out in the top 580 stores of Gome, Suning.com, Dixintong, and Leyu chains and China Telecom’s TOP 600 business halls. At the same time, China Telecom has customized a preferential "0 yuan purchase package plan" for the 4G telecom version of Huawei P7. Users only need to pre-deposit 2888 yuan and choose the 189 yuan package to enjoy the 0 yuan purchase, creating the best conditions for consumers to experience Tianyi 4G fast network and P7 extreme application experience.

Higher configuration, better performance, and upgraded face value! BYD 2021 Tang opens for pre-sale.

I have to admit that it has really been in the limelight recently, especially the car "Han", which has just been listed soon. With its extremely high face value and superior ability, it has almost been booked as the most popular model this year.

However, from the real situation, Han is, but it can’t be directly said that Han is a representative, because just like naming, it was called "the prosperous time of Han and Tang" in ancient times, and in fact, there is Tang in addition to Han in the name of prosperous time, just as Han is a coupe, and Tang is a representative.

Of course, unlike the new car in 2020, Tang, which is currently on sale, has been on the market for two or three years. Although its vitality is strong, it really needs to evolve with the progress of the times, otherwise it will inevitably retreat before the trend of the times.

Therefore, on July 24th, the 2021 Tang with a brand-new luxury interior design was officially unveiled and pre-sale. The pre-sale price of the fuel version is within 170,000, the pre-sale price of the DM four-wheel drive high-performance version is within 300,000, and the pre-sale price of the four-wheel drive performance version is within 250,000. And according to official news, Tang EV with blade batteries will also be listed and delivered in the second half of this year.

[The interior and technology are upgraded again, and the strength is worthy of the name]

It is undeniable that the interior of this generation of Tang has never lacked a sense of science and technology, especially the large rotating screen; However, it has been on the market for more than a few years, and it needs some progress in luxury texture.

The 2021 Tang Dynasty continues the family-style design language of "Dragon Face" in appearance, which is domineering and dynamic, with extraordinary momentum. The interior was personally upgraded by Michele Paganetti, the global interior design director, to create a brand-new luxury smart cockpit surrounded by luxury atmosphere.

In terms of design ideas, the brand-new cockpit is inspired by the classical architecture of China, with an atmospheric layout and symmetrical levels, which integrates a sense of style and grandeur. Ultrasuede? ultra-fiber high-grade suede fabric, surrounded by 2mm luxurious double-color stitching, which is comparable to a million luxury cars; The digital panel of the dragon’s claw is very personalized, and with the 31-color interactive intelligent cockpit atmosphere light, it is full of science and technology, which is the crowning touch of the whole vehicle; The dragon scale pattern is luxurious, which is newly developed according to ergonomics, more suitable for Asian body curves, and the difficult digital punching and line pressing technology makes it comfortable and luxurious.

Of course, the big screen, the 15.6-inch 8-core adaptive rotating suspension Pad and the more exquisite ultra-narrow bezel have also been upgraded and improved simultaneously, which fully reflects the scientific sense of the model. In addition, the new car has adopted a brand-new UI interface, built a more interactive operation logic that is more in line with users’ habits, and built a new mode of human-vehicle interconnection with a voice interaction system with higher sensitivity and recognition rate, making driving easier.

[Performance and security are upgraded again, and the core is worthy of the name]

As a model, excellent performance is a prerequisite. The first generation of Tang Dynasty once wrote the beginning of China myth in 542, and this generation of Tang Dynasty wrote the legend of China speed in DM2.0.

And the brand-new 2021 model, by going up one flight of stairs, its motor adopts brand-new technology, with the great improvement of rotor strength and light weight of the whole vehicle. In the furious mode, the acceleration of 100 kilometers can reach 4.3s at the earliest, and the strong power output is comparable to that of super-running, only 36m, ranking the top level in the same class.

At the same time, as a model, the performance is far more than comfort. The new car is also equipped with the latest generation of FSD variable damping system from the world-class shock absorber manufacturer, which can automatically adjust the damping force according to the road condition and driving style at any time, and the exclusive adjustment by Hans, the former adjustment expert, is even more powerful. Without sacrificing comfort, it can bring the driver a calm and confident road control ability.

It is particularly worth mentioning that the new Tang is also equipped with Bosch?IPB integrated control system, which is faster, smarter and more accurate, and can avoid the phenomenon of "nodding", bringing the driving experience of state-level luxury cars.

In terms of safety, as a model, it is even more powerful. The 2021 Tang is equipped with the leading DiPilot intelligent driving assistance system at the same level, which can achieve automatic driving beyond L2 level, which is safer and more secure; For novice drivers or drivers with fear of reversing, DiPilot intelligent remote control driving mode and 3D holographic transparent image system are also available to escort them, making them more confident in traveling.

In addition, on the passive safety level, the hard nuclear safety inherited by the Tang Dynasty in 2021 actively followed up the epidemic prevention and control needs on the basis of the "double certification" of China Insurance Research Institute and China Automobile Research Institute, and was equipped with the "super-biochemical" mode and the intelligent sterilization oxygen bar mode, and the sterilization and purification were in one step. From active and passive "double safety" to respiratory safety, the 2021 Tang achieved a further advancement from "road tank" to "intelligent healthy ecological cockpit".

And written at the end, as one of the best sellers in China, of course, the new Tang pre-sale policy gives great benefits, including financial discount, replacement subsidy and so on. If you have demand, you may wish to go to the scene to find out, and the preferential margin will definitely satisfy you.

CCTV.com







    On May 20th, Yolanda, a famous movie star, was invited by a column in Henan Province to promote her latest solo album "Lonely Flowers" in Zhengzhou Grand Shanghai International Studios. After breaking up with her boyfriend Xia Yu, Yuan Quan really became a "lonely flower". China News Agency issued Chen Daishu photo







    Gao Yuanyuan, a mainland artist, snatched Xia Yu from Yolanda. China News Agency issued Han Yibing photo


    There are indications that Yolanda and Xia Yu did break up. So, at least half of Xia Yu’s affair with Gao Yuanyuan is true. Moreover, Xia Yu is not sorry for Yolanda. Single men are justified in looking for love.


    According to the reporter’s witness, Yolanda performed "Peach Blossom Garden" in poly theatre. Xia Yu’s car drove to the door, not to pick up Yolanda, but to enter the coffee shop. Yuan Quan got on Huang Lei’s car from another exit. Xia Yu should know that Yolanda is performing here, but he is no longer interested in being a flower escort. From the expression of two people, Xia Yu looks glum, while Yuan Quan is laughing.


    Earlier, Xia Yu exposed the news of living with Gao Yuanyuan, which greatly damaged his health image, while Yuan Quan burst into tears at the recording scene of Li Jing’s program, and even more, he put a knife in Xia Yu’s heart. Two people break up, although the reasons are diverse, but in this way, Xia Yu is much more passive than Yolanda.


    A love affair that has been going on for nearly ten years, although it has become a spent force in the end, and both of them have traces of struggling to survive, but the breakup still makes the public sigh, as if love has been hit again. Who believes there is still an out-of-touch feeling? Xia Yu is a Scorpio, but Venus falls in Sagittarius, a constellation that pursues sexual desire and does not hide its sexiness. Xia Yu has an open and exposed side in his bones, which can be seen in his dress and behavior. However, Yuan Quan is relatively strict with the package and much lower-key.


    Yolanda Sun and Mercury all fall in Libra, and Venus is Virgo. They pursue perfect love and abstract love, which is different from Xia Yu’s love that pays more attention to sensuality. Their views on love are essentially different. Because you are romantic when you are young, you can play with spiritual love, but the hot-blooded summer rain matures gradually, and hormones burn in the body, so it is impossible to keep the feelings pure and pure all the time. The pace of two people is different, so there is a gap between before and after.


    Two people’s astrolabes show that each other is the opposite sex type that they appreciate, but each person’s personality has something that the other person can’t tolerate. Summer rain is stubborn, Yolanda is cold outside and hot inside, and his temper is not necessarily good, especially when the moon falls on the Sagittarius, and his mood is out of place from time to time. If he happens to meet Xia Yu’s strength, it will be difficult to deal with it.


Editor: Peng Wei

How can individuals participate in the investment when the first batch of stocks in science and technology innovation board are listed and traded on the 22nd?

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

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

  How do individual investors participate?

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

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

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

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

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

  How do individuals participate in innovation?

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

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

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

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

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

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

  Are new shares "bought as earned"?

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

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

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

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

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

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

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

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

  What problems should we pay attention to in trading?

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

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

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

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

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

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

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

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

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

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

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

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

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

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