China Banking and Insurance Regulatory Commission’s "Measures for the Supervision and Administration of Insurance Group Companies" will be implemented from now on.

  The Measures for the Supervision and Administration of Insurance Group Companies was adopted at the 10th Committee Meeting of China Banking and Insurance Regulatory Commission in 2021 on August 19th, 2021. It is hereby promulgated and shall come into force as of the date of promulgation.

  Chairman Guo Shuqing

  November 24, 2021

  Measures for the supervision and administration of insurance group companies

  Chapter I General Provisions

  Article 1 In order to strengthen the supervision and management of insurance group companies, effectively prevent the operational risks of insurance groups, and promote the healthy development of financial and insurance industries, these Measures are formulated in accordance with the Insurance Law of People’s Republic of China (PRC) (hereinafter referred to as the Insurance Law), the Company Law of People’s Republic of China (PRC) and other laws and administrative regulations, as well as the Decision of the State Council on Setting Administrative Permissions for Administrative Examination and Approval Items that Need to Be Retained (Order No.412 of the State Council of the People’s Republic of China).

  Article 2 The Insurance Regulatory Commission of the Bank of China (hereinafter referred to as China Banking and Insurance Regulatory Commission) shall, in accordance with laws, administrative regulations and the State Council’s authorization, and on the principle that substance is more important than form, conduct comprehensive, continuous and penetrating supervision and management over insurance group companies.

  Article 3 The term "insurance group company" as mentioned in these Measures refers to a company registered in accordance with the law and established with the approval of China Banking and Insurance Regulatory Commission, which has the words "insurance group" or "insurance holding" in its name and exercises control, joint control or significant influence on the member companies of the insurance group.

  Insurance group refers to an enterprise collection composed of insurance group companies and companies controlled, jointly controlled or greatly influenced by them. In this enterprise collection, besides insurance group companies, there are more than two subsidiaries that are insurance companies and insurance business is the main business of this enterprise collection.

  The member companies of an insurance group refer to insurance group companies and companies controlled, jointly controlled or greatly influenced by them, including insurance group companies, subsidiaries directly or indirectly controlled by insurance group companies and other member companies.

  Chapter II Establishment and Licensing

  Article 4 The establishment of an insurance group company shall be submitted to China Banking and Insurance Regulatory Commission for examination and approval and meet the following conditions:

  (1) The investor meets the qualification requirements for shareholders of insurance companies as stipulated by China Banking and Insurance Regulatory Commission, and the shareholding structure is reasonable, and it controls at least 50% of the shares of two domestic insurance companies in total;

  (2) Having member companies that meet the requirements of Article 6 of these Measures;

  (3) The minimum registered capital is 2 billion yuan;

  (4) Having directors, supervisors and senior managers who meet the qualification requirements stipulated by China Banking and Insurance Regulatory Commission;

  (5) Having a sound corporate governance structure, sound organizational structure, effective risk management and internal control management system;

  (6) Having business premises, office equipment and information systems suitable for its operation and management;

  (seven) other conditions stipulated by laws, administrative regulations and China Banking and Insurance Regulatory Commission.

  Involving the disposal of risks, the above conditions may be appropriately relaxed with the approval of China Banking and Insurance Regulatory Commission.

  Article 5 The supervision of equity and shareholders’ behavior of insurance group companies shall be governed by China Banking and Insurance Regulatory Commission’s regulations on equity management of insurance companies.

  Article 6 At least one insurance company controlled by the investor who intends to establish an insurance group company meets the following conditions:

  (a) in China for more than 6 years;

  (2) It has made continuous profits in the last three fiscal years;

  (3) Its net assets at the end of the previous year are not less than 1 billion yuan, and its total assets are not less than 10 billion yuan;

  (4) Having a sound corporate governance structure, sound organizational structure, effective risk management and internal control management system;

  (5) The core solvency adequacy ratio is not less than 75% in the last four quarters, and the comprehensive solvency adequacy ratio is not less than 150%;

  (6) Its comprehensive risk rating in the last four quarters is not lower than Class B;

  (seven) in the last three years, there were no major violations of laws and regulations and major acts of dishonesty.

  Article 7 An insurance group company may be established in the following two ways:

  (1) Initiating the establishment. The shareholders of an insurance company, as promoters, set up an insurance group company with their equity and monetary contributions, of which the total monetary contribution shall not be less than 50% of the registered capital of the insurance group company.

  (2) Renaming the establishment. An insurance company is renamed as an insurance group company, and the insurance group company establishes an insurance subsidiary with monetary contribution, and the insurance business of the original insurance company is transferred to the insurance subsidiary according to law. 

  The establishment of insurance group companies includes two stages: preparation and opening. 

  Article 8 Where an insurance group company is established by means of sponsorship, the sponsors shall submit the following materials to China Banking and Insurance Regulatory Commission in the preparatory stage:

  An application for establishment, including the name, organizational form, registered capital, domicile (business premises), investors, investment amount, investment proportion, business scope, preparatory organization, contact person and contact information of the company to be established;

  (2) Feasibility study report, including feasibility analysis, establishment mode, development strategy, corporate governance and organizational framework, risk management and internal control system, solvency evaluation of insurance subsidiaries before and after integration, etc.;

  (3) the preparation plan, including the establishment of the preparatory group, work responsibilities and work plans, the equity structure of the insurance group company to be established and its subsidiaries, the overall planning and operation process for rationalizing the equity relationship, the name and business category of the subsidiaries, etc.;

  (4) The materials of the person-in-charge of the preparatory group, including the investor’s letter of confirmation on the appointment of the person-in-charge of the preparatory group and the proposed chairman and general manager, the basic information of the person-in-charge of the preparatory group, the personal approval certificate, the application form for the qualification of the proposed chairman and general manager, the identity certificate and the copy of the academic degree certificate;

  (5) Draft articles of association of the insurance group company;

  (6) The audited financial report and solvency report of the insurance company controlled by the promoters in the last three years;

  (7) Business license;

  (8) Relevant materials of investors, including basic information materials, financial information materials, corporate governance materials, subsidiary information materials, special materials of investors in limited partnership enterprises, etc.;

  (9) documents certifying the ownership or right to use the domicile (business premises);

  (ten) long-term development strategy and planning, business plan, foreign investment plan, capital and financial management, risk management and internal control and other major systems;

  (eleven) information construction report;

  (twelve) legal opinions;

  (13) Anti-money laundering materials;

  (14) A statement on the authenticity of the materials;

  (fifteen) other materials stipulated by China Banking and Insurance Regulatory Commission.

  Article 9 Where an insurance group company is established by renaming, the insurance company to be renamed shall submit the following materials to China Banking and Insurance Regulatory Commission in the preparatory stage:

  (1) An application for renaming, which shall specify the name, organizational form, registered capital, domicile (business premises), business scope, preparatory organization, contact person and contact information of the company to be renamed;

  (2) Feasibility study report, including feasibility analysis, renaming method, corporate governance and organizational framework, development strategy, risk management and internal control system, and solvency assessment of insurance companies before and after renaming;

  (3) The name change plan, including the equity structure of the insurance group company to be established and its subsidiaries, the overall planning and operation process for rationalizing the equity relationship, the name and business category of the subsidiaries, etc.;

  (4) The materials of the person-in-charge of the preparatory group, including the investor’s letter of confirmation on the appointment of the person-in-charge of the preparatory group and the proposed chairman and general manager, the basic information of the person-in-charge of the preparatory group, the personal approval certificate, the application form for the qualification of the proposed chairman and general manager, the identity certificate and a copy of the academic degree certificate;

  (5) Draft articles of association of the insurance group company;

  (six) the resolution of the shareholders’ (general) meeting of the insurance company to change its name and establish an insurance group company;

  (7) The audited financial report and solvency report of the insurance company in the last three years;

  (eight) the business license after the name change;

  (9) documents certifying the ownership or right to use the domicile (business premises);

  (ten) long-term development strategy and planning, business plan, foreign investment plan, capital and financial management, risk management and internal control and other major systems;

  (eleven) information construction report;

  (twelve) legal opinions;

  (13) Anti-money laundering materials;

  (14) A statement on the authenticity of the materials;

  (fifteen) other materials stipulated by China Banking and Insurance Regulatory Commission.

  Article 10 Where an insurance group company is established, the promoters or the insurance company to be renamed shall submit the following materials to China Banking and Insurance Regulatory Commission at the opening stage:

  (1) An application for starting business, including the company’s name, domicile (business place), legal representative, registered capital, shareholding structure, business area and business scope, and the list of directors, supervisors, senior managers and key position managers to be proposed.

  (2) If the establishment is initiated, the resolution of the founding meeting shall be provided; if there is no resolution of the founding meeting, the documents or resolutions of all investors agreeing to apply for business opening shall be submitted; In case of renaming, the resolution of the shareholders’ (general) meeting shall be provided.

  (3) Articles of association of the insurance group company and rules of procedure of the shareholders’ (general) meeting, the board of directors and the board of supervisors.

  (4) If the establishment is initiated, a capital verification report shall be provided; If the company adopts the method of renaming its establishment, it shall provide the asset appraisal report, customer and creditor rights protection plan and employee rights protection plan to be injected into the newly established insurance subsidiary.

  (5) Development planning, including planning elements such as the company’s strategic objectives, business development, institutional development, solvency management, capital management, risk management and safeguard measures.

  (6) Resumes of the directors, supervisors and senior managers to be appointed and the certification materials that meet the corresponding qualifications.

  (7) The organizational structure of the company, including the establishment of departments and the basic composition of personnel.

  (8) Asset custody agreement or letter of intent for asset custody cooperation.

  (nine) the certificate of ownership or right to use the residence (business premises) and the fire safety certificate.

  (ten) information construction report.

  (eleven) the company’s internal management system.

  (12) Business license.

  (13) Relevant materials of investors, including financial information materials, tax payment certificates and credit records, information on the ownership structure, controlling shareholders and actual controllers, a statement of no record of major violations of laws and regulations, and a commitment letter for investment in self-owned funds.

  (14) Anti-money laundering materials.

  (15) A statement on the authenticity of the materials.

  (sixteen) other materials stipulated by China Banking and Insurance Regulatory Commission.

  Article 11 To establish an insurance group company, it shall register with the market supervision and management department in industrial and commercial registration and obtain a business license.

  An insurance group company shall be approved by China Banking and Insurance Regulatory Commission before it can carry out relevant business activities. After approval by China Banking and Insurance Regulatory Commission, an insurance license shall be issued.

  The time limit for examination and approval of the establishment of insurance group companies shall be implemented with reference to the relevant provisions of insurance companies.

  Chapter III Operating Rules

  Article 12 The business of an insurance group company is mainly equity investment and management.

  Insurance group companies should use their own funds to carry out major equity investments. Major equity investment refers to the investment behavior of controlling the invested enterprise.

  Article 13 An insurance group company shall abide by the requirements of laws, administrative regulations and other regulatory provisions in its insurance business, equity management and use of insurance funds.

  Article 14 On the basis of respecting the operational autonomy of independent legal persons of subsidiaries and other member companies, insurance group companies shall make overall management of the equity investment of the whole group to prevent disorderly expansion.

  Article 15 An insurance group company may invest in the following insurance enterprises:

  (1) Insurance companies;

  (2) Insurance asset management institutions;

  (3) specialized insurance agencies, insurance brokerage agencies and insurance assessment agencies;

  (four) other insurance enterprises approved by China Banking and Insurance Regulatory Commission.

  Article 16 An insurance group company may invest in non-insurance financial enterprises.

  The book balance of major equity investments made by insurance group companies and their subsidiaries in domestic non-insurance financial enterprises shall not exceed 30% of the consolidated net assets of the group at the end of last year.

  Article 17 An insurance group company and its subsidiaries shall, in principle, not hold more than one share when investing in an enterprise with the same main business in the same financial industry.

  Article 18 An insurance group company may invest in non-financial enterprises related to insurance business as stipulated in Article 56 of these Measures.

  Except for non-financial enterprises and project companies established for investment in real estate as stipulated in Article 56 of these Measures, the shareholding ratio of an insurance group company to other single non-financial enterprises shall not exceed 25%, or it shall not have a significant impact on the enterprise.

  Article 19 The total book balance of major equity investments made by insurance group companies and their financial subsidiaries in domestic non-financial enterprises shall not exceed 10% of the consolidated net assets of the group at the end of last year.

  Non-financial enterprises included in the calculation scope of the preceding paragraph refer to the first-level non-financial enterprises invested by insurance group companies and their financial subsidiaries in China.

  The non-financial enterprises mentioned in this Article do not include the project companies established by insurance group companies and their financial subsidiaries for investing in real estate, and the shared service subsidiaries mainly providing services for insurance groups as stipulated in Item (1) of Paragraph 1 of Article 56 of these Measures.

  Article 20 An insurance group company may make overseas investments.

  The book balance of major equity investments made by insurance group companies and their domestic subsidiaries in overseas entities shall not exceed 10% of the consolidated net assets of the group at the end of last year.

  The overseas entities included in the calculation of the preceding paragraph refer to the first-level overseas entities invested by insurance group companies and their domestic subsidiaries abroad.

  The book balance of an insurance group company and its domestic subsidiaries investing in a single overseas non-financial entity shall not exceed 5% of the consolidated net assets of the group at the end of the previous year.

  The overseas entities specified in this article do not include the project companies established by insurance group companies and their domestic financial subsidiaries for investing in real estate.

  Chapter IV Corporate Governance

  Article 21 An insurance group company shall, in accordance with the requirements of laws, administrative regulations and other regulatory provisions, establish a corporate governance framework that meets the following requirements:

  (1) Covering all member companies of the Group;

  (2) Covering all important matters of the Group;

  (3) properly identify and balance the conflicts of interest between the member companies and the group as a whole and among the member companies.

  The contents that the governance framework should pay attention to include but not limited to:

  (1) Standardized governance structure;

  (two) the appropriateness of the ownership structure and management structure;

  (3) Clear boundaries of responsibilities;

  (4) Financial soundness of major shareholders;

  (5) Scientific development strategy, values and good social responsibility;

  (6) Effective risk management and internal control;

  (7) Reasonable incentive and restraint mechanism;

  (8) Perfect information disclosure system.

  Article 22 An insurance group company shall respect the operational autonomy of its subsidiaries and other member companies as independent legal persons, make overall management of the group’s human resources, financial accounting, data governance, information system, capital utilization, brand culture and other matters, strengthen business collaboration and resource sharing within the group, establish a risk management, internal control compliance and internal audit system covering the whole group, and improve the overall operational efficiency and risk prevention capability of the group.

  Article 23 An insurance group company shall not abuse its control position or take other improper measures to damage the legitimate rights and interests of its subsidiaries and other stakeholders in the process of performing its management functions.

  Article 24 An insurance group company shall organize the formulation of the overall strategic plan of the group, regularly evaluate the implementation of the strategic plan, and adjust and improve the strategic plan according to the actual development and changes in the external environment.

  An insurance group company shall, according to the overall strategic planning of the group, guide its subsidiaries to formulate development strategies and business plans. An insurance group company shall set up or designate corresponding functional departments to regularly monitor and evaluate the implementation of the development strategy and business plan of its subsidiaries and put forward management opinions to ensure the realization of the overall objectives of the group and the responsibility objectives of its subsidiaries.

  Article 25 An insurance group company shall reasonably determine the size and membership of the board of directors according to its own management needs.

  Article 26 The board of directors of an insurance group company shall set up a special committee according to relevant regulatory requirements and actual conditions, and exercise such functions as auditing, nomination and remuneration management, strategic management, risk management and related party transaction management.

  Article 27 An insurance group company shall guide its subsidiaries to establish a standardized corporate governance structure according to the overall strategic planning of the group and the management needs of its subsidiaries and the principles of compliance, simplification and high efficiency.

  If the subsidiary is a listed company, the corporate governance shall conform to the listing rules and the regulatory requirements of the listed company.

  Article 28 An insurance group company shall, while promoting the good operation of its shareholders’ (general) meeting, board of directors and board of supervisors in accordance with the law, strengthen decision-making support and organizational management for different levels and types of meetings of its subsidiaries.

  An insurance group company shall establish or designate corresponding functional departments to provide support and services for the directors and supervisors of its subsidiaries to perform their duties. Directors and supervisors of subsidiaries shall be responsible for their performance of duties in the board of directors or the board of supervisors according to law.

  Article 29 An insurance group company may, after filing with China Banking and Insurance Regulatory Commission, exempt its insurance subsidiaries from the regulatory requirements on independent directors and special committees of the board of directors if it meets the following conditions:

  (1) The insurance group has a sound corporate governance structure and an effective corporate governance mechanism, and has established a system of independent directors and special committees of the board of directors in accordance with relevant regulatory provisions;

  (2) The insurance group company has established an effective control mechanism for its insurance subsidiaries.

  In the event that an insurance subsidiary exempted in the preceding paragraph fails in its corporate governance mechanism or suffers from corporate governance defects, China Banking and Insurance Regulatory Commission may revoke the exemption as appropriate.

  Article 30 An insurance group company shall have a concise, clear and penetrating equity structure.

  An insurance group shall establish an organizational structure and management structure suitable for its strategic planning, risk status and management ability, so as to achieve a reasonable level of equity control of the insurance group company and its subordinate member companies, a clear and transparent organizational structure and a clear management structure.

  Article 31 In principle, the level of equity control between an insurance group company and its financial subsidiaries shall not exceed three levels, and the level of equity control between its non-financial subsidiaries shall not exceed four levels. The calculation of the level of equity control is based on the level of the insurance group company. Special purpose entities that do not conduct business or actually operate, and project companies established to invest in real estate may not be counted in the above-mentioned equity control level.

  Article 32 In principle, the member companies of an insurance group shall not cross-hold shares, and subsidiaries and other member companies shall not hold the shares of an insurance group company.

  Article 33 In principle, the senior managers of an insurance group company may concurrently serve as the senior managers of at most one insurance subsidiary.

  In principle, senior managers of subsidiaries and other member companies shall not concurrently hold positions with each other.

  Article 34 An insurance group company shall establish and improve the performance evaluation system for directors, supervisors and senior managers covering the whole group.

  An insurance group company shall establish a scientific and reasonable salary management mechanism and performance appraisal system that is compatible with the group’s development strategy, risk management, overall benefits, job responsibilities, social responsibilities and corporate culture.

  Article 35 An insurance group company shall establish a unified internal audit system, conduct independent and objective supervision, evaluation and suggestions on the financial revenue and expenditure, business operation, internal control and risk management of the group and its member companies, and guide and evaluate the internal audit work of its subsidiaries.

  If an insurance group company implements centralized or vertical management of internal audit, its subsidiaries may entrust the insurance group company to carry out internal audit.

  Chapter V Risk Management

  Article 36 An insurance group company shall integrate the group’s risk management resources, establish a comprehensive risk management system and a scientific and effective risk early warning mechanism that are suitable for the group’s strategic objectives, organizational structure and business model, and effectively identify, measure, evaluate, monitor and control the overall risks of the group.

  Insurance group risks include but are not limited to:

  (1) General risks, including insurance risk, credit risk, market risk, liquidity risk, operational risk, reputation risk and strategic risk;

  (2) Unique risks, including risk contagion, opaque organizational structure, concentration risk, non-insurance risks, etc.

  Article 37 An insurance group company shall set up a risk management department independent of the business department, responsible for the formulation and implementation of the group’s comprehensive risk management system, and require all business lines, subsidiaries and other member companies to formulate their own risk management policies under the framework of the group’s overall risk preference and risk management policies, so as to promote the consistency and effectiveness of the insurance group’s risk management.

  Article 38 An insurance group company shall formulate a risk preference system at the group level, define the risk level that the group is willing and able to bear in the process of achieving its strategic objectives, determine the risk management objectives, and the risk tolerance and risk limit of the group for various risks.

  The risk preference system shall be implemented after the approval of the board of directors, and shall be reviewed, revised and improved every year.

  Article 39 An insurance group company shall, according to the overall development strategy and risk preference of the group, allocate various risk indicators and risk limits, and establish an over-limit disposal mechanism. The risk preference, risk tolerance and risk limit of subsidiaries and other member companies shall be coordinated with those of the Group.

  An insurance group company shall monitor the implementation of the risk management system of the group as a whole, its subsidiaries and other member companies, and may require the member companies to adjust the risk limit based on the group risk limit when necessary.

  Article 40 An insurance group company shall establish an information system to meet the needs of group risk management, ensure that it can obtain relevant information of group risk management accurately, comprehensively and timely, conduct qualitative and quantitative analysis of various risks, and effectively identify, evaluate and monitor the overall risk status of the group.

  Article 41 An insurance group company shall manage the concentration risk of the group on the basis of consolidated statement, and establish and improve the policies, procedures and methods of concentration risk management, so as to identify, measure, monitor and prevent different types of concentration risks of the group as a whole and its member companies.

  The concentration risk of insurance group refers to the risk that a single risk or risk combination of member companies may directly or indirectly threaten the solvency of the group after aggregation at the group level; Including but not limited to counterparty concentration risk, insurance business concentration risk, non-insurance business concentration risk, investment asset concentration risk, industry concentration risk, regional concentration risk, etc.

  Article 42 An insurance group company shall establish and improve the firewall system in fund management, business operation, information management and personnel management within the group to prevent risk transmission among the member companies of the insurance group.

  When conducting business collaboration among insurance group member companies, the risk-taking subjects shall be clearly defined in the form of contracts according to law, so as to prevent unclear risk responsibilities, cross-infection and conflicts of interest.

  Article 43 An insurance group company shall establish policies and procedures for monitoring, reporting, controlling and handling related party transactions and internal transactions of the whole insurance group, so as to prevent possible improper interest transfer, delayed exposure of risks, regulatory arbitrage, risk contagion and other negative impacts on the stable operation of the insurance group.

  The internal transactions of an insurance group shall comply with the relevant provisions of China Banking and Insurance Regulatory Commission on related party transactions and internal transactions.

  Article 44 An insurance group company shall strengthen the overall management of the group’s external guarantee, and clarify the conditions, amount and approval procedures of the external guarantee.

  An insurance group company can only provide guarantees to its insurance subsidiaries, and the balance of external guarantees provided by the insurance group company and its subsidiaries shall not exceed 10% of the company’s net assets at the end of the previous year.

  Article 45 An insurance group company shall establish a stress test system suitable for its risks, conduct stress tests on the overall liquidity and solvency of the group on a regular basis, and apply the test results to the formulation of business management decisions, emergency plans and recovery and disposal plans.

  Article 46 An insurance group company shall strengthen the information security protection of group customers, guide and urge its subsidiaries and other member companies to carry out the collection, transmission, storage, use and sharing of customer information in accordance with the principles of legality, justness and necessity, and strictly fulfill their information protection obligations.

  Chapter VI Capital Management

  Article 47 An insurance group company shall establish and improve a capital management system covering the whole group, including a capital planning mechanism, a capital adequacy evaluation mechanism, a capital restraint mechanism and a capital replenishment mechanism, so as to ensure that the capital is suitable for the asset scale, business complexity and risk characteristics, and can fully cover all kinds of risks faced by the group.

  Article 48 An insurance group company shall, according to the company’s development strategic objectives, industry conditions and relevant state regulations, make targeted capital plans for the insurance group company and its financial subsidiaries for at least the next three years, and ensure the feasibility of the capital plans.

  Article 49 An insurance group company shall set appropriate capital adequacy targets according to the group’s development strategy, business planning and risk preference.

  Insurance group companies and their financial subsidiaries should establish a capital adequacy assessment mechanism that is suitable for their own risk characteristics and business environment, regularly assess their capital status, ensure that insurance group companies and their insurance subsidiaries meet the solvency supervision requirements, and the capital status of non-insurance financial subsidiaries continues to meet the requirements of financial supervision departments, and maintain the asset-liability ratio of non-financial subsidiaries at a reasonable level to achieve safe and stable operation of the group.

  Article 50 An insurance group company shall establish a capital restraint mechanism within the group to guide its subsidiaries and other member companies to strictly abide by the capital restraint indicators, pay attention to prudent operation and strengthen risk management in formulating development strategies and business plans, designing products and using funds.

  Insurance group companies shall strengthen the management of assets and liabilities, keep the debt scale and term structure reasonable and appropriate, and keep the asset structure and liability structure reasonably matched.

  Article 51 An insurance group company shall establish a capital replenishment mechanism suitable for the development strategy and business planning of its subsidiaries and other member companies, maintain the group’s capital adequacy by strengthening business management, improving internal profitability, equity or debt financing, and strengthen cash flow management to fulfill its capital contribution obligations to its subsidiaries and other member companies.

  Article 52 An insurance group company may issue qualified capital instruments according to laws, administrative regulations and other regulatory provisions, but the double leverage ratio shall be strictly controlled. The double leverage ratio of insurance group companies shall not be higher than the relevant requirements of China Banking and Insurance Regulatory Commission.

  The term "double leverage ratio" as mentioned in these Measures refers to the ratio of the book value of the long-term equity investment of an insurance group company to the owner’s equity; Book value refers to the book balance minus impairment reserve.

  Chapter VII Management of Non-insurance Subsidiaries

  Article 53 The term "non-insurance subsidiaries" as mentioned in these Measures refers to the domestic and overseas subsidiaries directly or indirectly controlled by the insurance group company and its insurance subsidiaries, which do not belong to the insurance enterprises specified in Article 15 of these Measures.

  Article 54 An insurance group company and its insurance subsidiaries directly or indirectly invest in non-insurance subsidiaries, which should be conducive to optimizing the group’s resource allocation, exerting synergy, enhancing the overall specialization level and market competitiveness of the group, and effectively promoting the development of the main insurance industry.

  The term "direct investment" as mentioned in this chapter refers to the behavior of insurance group companies and their insurance subsidiaries to invest in the name of investors and hold the equity of non-insurance subsidiaries; The so-called indirect investment refers to the behavior of insurance group companies and their non-insurance subsidiaries at all levels to invest in the name of investors and hold the equity of other non-insurance subsidiaries.

  Investing in non-insurance subsidiaries should follow the principle that substance is more important than form. In essence, the investment carried out by an insurance group company or its insurance subsidiaries shall not evade supervision by indirect investment through non-insurance subsidiaries in violation of regulations.

  Article 55 An insurance group company shall establish a sound internal management system, define the authority, process and responsibility for the management of non-insurance subsidiaries, and implement the main responsibility for the management of non-insurance subsidiaries.

  Article 56 An insurance group company may directly or indirectly invest in non-insurance subsidiaries, and the specific types include:

  (1) A shared service subsidiary that mainly provides information technology services, auditing, policy management, catastrophe management, property management and other services and management for insurance group member companies;

  (2) Other non-insurance subsidiaries established by carrying out major equity investment according to the regulatory provisions of China Banking and Insurance Regulatory Commission on the use of insurance funds;

  (3) Other subsidiaries as stipulated by laws, administrative regulations and China Banking and Insurance Regulatory Commission.

  Article 57 Where an insurance group company directly invests in a non-insurance subsidiary of shared services, it shall meet the following conditions:

  (1) The corporate governance mechanism is sound and running well;

  (2) At the end of the previous period, the comprehensive solvency adequacy ratio was above 150%, and the core solvency adequacy ratio was above 75%;

  (three) the use of its own funds to invest, the source of funds in line with laws, administrative regulations and regulatory requirements;

  (4) The non-insurance subsidiary with shared services to be invested mainly provides shared services for the insurance group;

  (5) China Banking and Insurance Regulatory Commission’s regulatory provisions on major equity investments.

  Insurance group companies may not indirectly invest in non-insurance subsidiaries of shared services.

  Article 58 An insurance group company investing in a non-insurance subsidiary of shared services shall report to China Banking and Insurance Regulatory Commission for examination and approval, and provide the following materials:

  (a) the materials that should be submitted for the major equity investment required by the relevant regulatory provisions of China Banking and Insurance Regulatory Commission;

  (2) Specific plans for sharing services or management, institutional arrangements for risk isolation, and relevant measures for protecting the rights and interests of insurance consumers, etc.

  The direct investment of insurance group companies in non-insurance subsidiaries other than shared services shall be implemented in accordance with the regulatory provisions of China Banking and Insurance Regulatory Commission on major equity investments.

  Where an insurance group company indirectly invests in a non-insurance subsidiary, the insurance group company shall report to China Banking and Insurance Regulatory Commission within 15 working days from the date of signing the sponsor agreement or investment agreement.

  Article 59 The direct investment of an insurance group company and its insurance subsidiaries in non-insurance subsidiaries shall conform to the internal decision-making procedures stipulated in laws, administrative regulations, regulatory provisions and its articles of association, and be approved by its shareholders’ (general meeting), board of directors or its authorized institutions.

  Indirect investment in non-insurance subsidiaries shall be reported to the board of directors of the insurance group company or its insurance subsidiaries.

  Article 60 An insurance group company and its insurance subsidiaries shall, through the management of the directly controlled non-insurance subsidiaries, ensure that other non-insurance subsidiaries invested or acquired by non-insurance subsidiaries comply with the relevant requirements of these Measures.

  Article 61 An insurance group company shall strengthen the management of trademarks and shop names, and clarify the specific ways and authorities for non-insurance member companies to use their own trademarks and shop names, so as to avoid the transmission of reputation risks.

  Article 62 An insurance group company and its insurance subsidiaries shall not provide guarantees for the debts of non-insurance subsidiaries, and shall not provide loans to non-insurance subsidiaries, unless otherwise stipulated by China Banking and Insurance Regulatory Commission.

  Article 63 An insurance group company and its insurance subsidiaries may not invest in non-insurance subsidiaries by taking joint liability for the debts of the invested enterprise.

  When an insurance group company and its insurance subsidiaries subscribe for shares of non-insurance subsidiaries or securities such as stocks and bonds issued by them, they shall abide by the regulatory provisions of China Banking and Insurance Regulatory Commission on the use of insurance funds.

  Where an insurance group company and its insurance subsidiaries make commitments to increase investment or provide capital assistance to non-insurance subsidiaries in the future, they shall comply with relevant regulations and be approved by their shareholders’ meeting, the board of directors or their authorized institutions.

  Article 64 An insurance group company and its insurance subsidiaries shall establish an outsourcing management system, specifying the scope, contents, forms, decision-making authority and procedures, follow-up management, rights, obligations and responsibilities of outsourcing parties, etc.

  The term "outsourcing" as mentioned in these Measures refers to the behavior that an insurance group company and its insurance subsidiaries entrust some business activities or management functions that were originally handled by themselves to non-insurance subsidiaries or institutions outside the group for continuous processing.

  Article 65 Where an insurance group company and its insurance subsidiaries outsource their business or functions, they shall conduct a risk assessment and be reviewed and approved by its board of directors or the agency authorized by the board of directors, so as to ensure that the entrusted party providing outsourcing services has good and stable financial status, high technical strength and service quality, complete management ability and strong ability to deal with emergencies.

  When outsourcing, an insurance group company and its insurance subsidiaries shall sign a written contract with the trustee, specifying the outsourcing content, form, service price, customer information confidentiality requirements, rights and obligations of all parties, and liability for breach of contract. In the process of outsourcing, we should strengthen the risk monitoring of outsourcing activities, regularly review the performance of outsourcing business and functions in the annual risk assessment, conduct risk exposure analysis and other risk assessments, and report to the board of directors.

  Insurance group companies and their insurance subsidiaries shall report to China Banking and Insurance Regulatory Commission 20 working days before the signing of the outsourcing contract. According to the risk status of the outsourcing behavior, China Banking and Insurance Regulatory Commission can take measures such as risk warning, meeting and talking, supervision and inquiry.

  Article 66 An insurance group company shall submit the annual report of its non-insurance subsidiaries to China Banking and Insurance Regulatory Commission before April 30th every year. The report shall include the following contents:

  (a) the overall situation of investment in non-insurance subsidiaries, including the number, level, business classification and operation, control, important internal control and risk management system of non-insurance subsidiaries;

  (2) The equity structure diagram of non-insurance subsidiaries, including the hierarchy and calculation of non-insurance subsidiaries, and the equity proportion of insurance group companies and their insurance subsidiaries directly or indirectly investing in non-insurance subsidiaries, etc.;

  (3) Basic information of the main senior managers of non-insurance subsidiaries;

  (4) Risk assessment of non-insurance subsidiaries, including major related party transactions and major internal transactions, outsourcing management, firewall construction and asset-liability ratio of non-financial subsidiaries, etc.;

  (5) The insurance group’s holding of changes in equity, a non-insurance subsidiary, and the reasons;

  (six) other matters required by China Banking and Insurance Regulatory Commission.

  The annual report of the non-insurance subsidiaries of the insurance group shall be submitted by the insurance group company.

  Chapter VIII Information Disclosure

  Article 67 An insurance group company shall, in accordance with the requirements of laws, administrative regulations and other regulatory provisions, follow the principles of completeness, accuracy, timeliness and effectiveness, and disclose information in a standardized manner.

  Article 68 An insurance group company shall, in addition to disclosing its basic information according to the relevant regulatory provisions on information disclosure of insurance institutions, also disclose the basic information of the group as a whole, including:

  (a) the ownership structure between the insurance group company and its subsidiaries at all levels;

  (2) Basic information such as the name, registered capital, paid-in capital, shareholding structure and legal representative of the non-insurance subsidiary;

  (3) Other matters stipulated by China Banking and Insurance Regulatory Commission.

  Article 69 An insurance group company shall, in addition to disclosing its major events in accordance with the relevant regulatory provisions on information disclosure of insurance institutions, also disclose the following major events that have occurred in the group:

  (1) Risk events that have a significant impact on the Group;

  (two) other matters stipulated by China Banking and Insurance Regulatory Commission. 

  Article 70 An insurance group company shall prepare an annual information disclosure report, which shall at least include the following contents in addition to the company’s annual information disclosed in accordance with the relevant regulatory provisions on information disclosure of insurance institutions:

  (1) Financial and accounting information under the consolidated caliber of the previous year;

  (2) solvency information of the previous year;

  (3) Major internal transactions between consolidated member companies of the insurance group in the previous year, except those that have been disclosed by member companies according to laws, administrative regulations and other regulatory requirements;

  (4) The overall risk management status of the Group in the previous year;

  (five) other matters stipulated by China Banking and Insurance Regulatory Commission.

  Article 71 An insurance group company shall post the basic information, major events and annual information disclosure report of the company and the group as a whole on the company website.

  If the basic situation changes, the insurance group company shall update it within 10 working days from the date of change.

  In the event of a major event, the insurance group company shall issue a temporary information disclosure announcement within 15 working days from the date of the event.

  The annual information disclosure report shall be released before April 30th of each year, unless otherwise stipulated by China Banking and Insurance Regulatory Commission.

  The disclosure of information related to solvency shall be implemented in accordance with the relevant requirements of the solvency supervision rules of insurance companies.

  Article 72 Relevant information that has been disclosed by a listed insurance group company in accordance with the information disclosure requirements of listed companies may not be disclosed repeatedly.

  Chapter IX Supervision and Administration

  Article 73 On the basis of supervision by a single legal person, China Banking and Insurance Regulatory Commission conducts comprehensive and continuous consolidated supervision on the capital, finance and risks of insurance groups, and identifies, measures, monitors and evaluates the overall risks of insurance groups.

  Based on consolidated supervision, China Banking and Insurance Regulatory Commission can adopt direct or indirect supervision, and comprehensively monitor the risks of all member companies of insurance groups through insurance group companies or other regulated member companies according to law, and take corresponding measures when necessary.

  The financial management department shall, in accordance with the division of responsibilities for financial supervision, supervise the insurance group companies and their financial member companies.

  Article 74 China Banking and Insurance Regulatory Commission follows the principle that substance is more important than form, and determines the scope of consolidated supervision of insurance groups on the basis of control and taking into account the risk correlation.

  Article 75 An insurance group company and its subsidiaries shall be included in the scope of consolidated supervision.

  In addition to the circumstances specified in the preceding paragraph, the following institutions invested by insurance group companies shall be included in the scope of consolidated supervision:

  (1) The risks or losses generated by the invested institution are sufficient to have a significant impact on the financial position and risk level of the insurance group;

  (2) Other invested institutions established through complicated equity design such as domestic and overseas subsidiaries and shell companies, which are actually controlled by the insurance group or have a significant impact on the operation and management of the institution.

  Article 76 China Banking and Insurance Regulatory Commission has the right to determine and adjust the scope of consolidated supervision and put forward supervision requirements according to the changes in the ownership structure, risk categories and risk status of insurance group companies.

  The insurance group company shall report the consolidated scope and management to China Banking and Insurance Regulatory Commission.

  Article 77 China Banking and Insurance Regulatory Commission may require the following units or individuals to provide materials and information related to the operation, management and financial status of an insurance group company within a specified time limit:

  (1) A member company of an insurance group;

  (2) Shareholders and actual controllers of the insurance group company;

  (3) Directors, supervisors and senior managers of insurance group companies;

  (four) other units or individuals that China Banking and Insurance Regulatory Commission considers it necessary to provide relevant information.

  China Banking and Insurance Regulatory Commission can establish a tripartite meeting mechanism with insurance group companies and external auditors to learn about the insurance group’s corporate governance, risk prevention and control, and group management and control.

  According to the Insurance Law and the relevant provisions of the financial supervision and coordination mechanism, China Banking and Insurance Regulatory Commission can ask the account opening banks, designated commercial banks, asset custody institutions, stock exchanges and securities registration and settlement institutions of the member companies of the insurance group to assist in the investigation.

  Article 78 An insurance group company shall timely submit financial reports, solvency reports, consolidated supervision reports, reports of non-insurance subsidiaries and other relevant reports and other materials to China Banking and Insurance Regulatory Commission in accordance with relevant regulations.

  Article 79 In case of major events that affect or may affect the operation and management, financial status, risk control and customer asset safety of an insurance group company, or major changes in the organizational structure, management structure or equity structure of an insurance group company, the insurance group company shall immediately submit a report to China Banking and Insurance Regulatory Commission, explaining the causes, current status, possible impacts and measures to be taken.

  Article 80 If the capital adequacy level of the financial subsidiaries of an insurance group company fails to meet the requirements of the financial regulatory agency, China Banking and Insurance Regulatory Commission may require the insurance group company to ensure its capital adequacy by means of capital increase. If an insurance group company fails to implement the regulatory requirements, China Banking and Insurance Regulatory Commission can take corresponding measures according to law.

  Article 81 If an insurance subsidiary of an insurance group company fails to meet the prudential supervision requirements stipulated by the financial regulatory agency, and its business or financial situation deteriorates significantly, China Banking and Insurance Regulatory Commission may require the insurance group company to take effective measures to help it resume its normal operation.

  Article 82 If a non-insurance subsidiary significantly endangers the safe operation of an insurance group company or its insurance subsidiaries, China Banking and Insurance Regulatory Commission may require the insurance group company to make rectification.

  Article 83 If the equity investment scope, proportion or equity control level of an insurance group company and its subsidiaries do not meet the regulatory requirements, China Banking and Insurance Regulatory Commission may take corresponding measures according to law.

  Article 84 China Banking and Insurance Regulatory Commission may, based on the principle of prudential supervision, require insurance group companies to carry out stress tests covering the whole group on their solvency, liquidity and other risks, and take corresponding measures according to the results of the stress tests.

  Article 85 China Banking and Insurance Regulatory Commission may require an insurance group company to make a recovery and disposal plan according to its asset scale, business complexity and risk status. The recovery plan should ensure the sustainability of the important business of the insurance group in the face of crisis; The disposal plan should avoid the negative impact on the industry caused by the interruption of the operation of the insurance group and minimize the consumption of public capital.

  Article 86 China Banking and Insurance Regulatory Commission cooperates with other domestic regulatory agencies, shares regulatory information, coordinates regulatory policies and measures, and effectively supervises insurance group member companies to avoid regulatory vacuum and duplication.

  China Banking and Insurance Regulatory Commission can carry out regulatory cooperation with overseas regulatory agencies by signing cross-border cooperation agreements or other forms, strengthen cross-border regulatory coordination and information sharing, and effectively supervise cross-border insurance groups.

  Chapter X Supplementary Provisions

  Article 87 The supervision and management of the merger, division, change, dissolution and business of insurance group companies, as well as the qualifications of relevant personnel, shall be implemented with reference to the relevant provisions of China Banking and Insurance Regulatory Commission on insurance companies.

  Article 88 These Measures shall apply to foreign insurance companies or foreign insurance group companies that set up insurance group companies as shareholders of insurance companies in China. If there are special provisions in the Regulations on the Administration of Foreign-funded Insurance Companies and its detailed rules for implementation, those provisions shall prevail.

  These Measures shall apply mutatis mutandis to insurance companies that have direct or indirect control over other insurance enterprises, but do not have the words "insurance group" or "insurance holding" in their names, and the first paragraph of Article 29 shall not apply.

  Insurance groups recognized as systemically important financial institutions have special regulatory provisions, which shall prevail.

  Article 89 The management of non-insurance subsidiaries directly or indirectly invested by insurance companies shall refer to the provisions of these Measures on non-insurance subsidiaries.

  Except for branches of member companies of an insurance group, the unincorporated organizations of an insurance group shall be governed by the provisions of these Measures on member companies of an insurance group.

  Article 90 The term "control" as mentioned in these Measures refers to the existence of one of the following circumstances:

  (1) The investor directly or indirectly obtains more than half of the voting shares of the invested enterprise;

  (2) The investor substantially owns more than half of the voting rights of the invested enterprise by signing agreements or other arrangements with other investors;

  (3) According to the law or agreement, the investor has the power to actually control the behavior of the invested enterprise;

  (4) The investor has the right to appoint or remove more than half of the members of the board of directors or other similar authority of the invested enterprise;

  (five) the investor has more than half of the voting rights in the board of directors of the invested enterprise or other similar authority;

  (6) Other circumstances under control, including those in accordance with the Accounting Standards for Enterprises No.33 — — The consolidated financial statements constitute a control situation.

  When two or more investors are qualified to independently lead the decision-making, operation and management activities of the invested enterprise in different aspects, the party that can lead the activities that have the most significant impact on the return of the invested enterprise is regarded as forming control over the invested enterprise.

  Article 91 The term "above", "at least" and "not less than" as mentioned in these Measures all include this number, and "exceeding" does not include this number.

  Article 92 These Measures shall be interpreted by China Banking and Insurance Regulatory Commission.

  Article 93 These Measures shall come into force as of the date of promulgation. The Measures for the Administration of Insurance Group Companies (Trial) issued by the former China Insurance Regulatory Commission (No.29 [2010] of China Insurance Regulatory Commission) shall be abolished at the same time. Where the provisions of the Guidelines for Consolidated Supervision of Insurance Groups (No.96 [2014] of China Insurance Regulatory Commission) are inconsistent with these Measures, these Measures shall prevail.

How to deal with common and frequently-occurring diseases in winter? The small coup of Chinese medicine prevention and treatment is coming!

  On November 17th, Professor Wang Chao, vice president of Sichuan Academy of Traditional Chinese Medicine and secretary of the Party Committee of Sichuan Hospital of Integrated Traditional Chinese and Western Medicine, visited the online interview section of the provincial government website and had an online exchange with netizens on the theme of "Prevention and treatment of common diseases in winter with traditional Chinese medicine under the prevention and control of normalized epidemic situation".

  Professor Wang Chao said that common diseases in winter include respiratory diseases, such as colds, flu and bronchitis; Cardiovascular diseases such as hypertension, coronary heart disease, angina pectoris and stroke; Motor system diseases such as neck, shoulder, waist and leg pain, bone and arthritis; Digestive system diseases such as dyspepsia and gastric ulcer.

  So what should we do in the face of common and frequently-occurring diseases in winter? What are the good methods of TCM prevention and treatment? Professor Wang Chao recommended some tips on prevention and treatment of traditional Chinese medicine for netizens online!

  First, the common respiratory diseases prevention and treatment tips

  Second, the small coup for the prevention and treatment of hypertension (used on the basis of western medicine prevention and treatment)

  Professor Wang Chao said that cardiovascular and cerebrovascular diseases are generally divided into three categories.

  First, vascular occlusion, such as myocardial infarction and cerebral infarction, has a high mortality and disability rate;

  Second, insufficient blood supply, such as coronary heart disease and angina pectoris;

  The third is blood vessel rupture, such as cerebral hemorrhage and aneurysm rupture. It is closely related to the three highs, namely hypertension, hyperglycemia and hyperlipidemia.

  To prevent cardiovascular and cerebrovascular diseases, we must first prevent the three highs, especially hypertension. Traditional Chinese medicine believes that the essence of hypertension is deficiency in essence and excess in substance, and there are mainly three syndrome types: yin deficiency and hyperactivity in yang, yin and yang deficiency, and phlegm-dampness blocking in the middle. Its prevention and treatment are as follows (based on the prevention and treatment of western medicine).

  Third, the prevention and treatment of shoulder, neck, low back pain tips

  Professor Wang Chao said that the cold winter and vasoconstriction lead to the stagnation of local qi and blood, which is the main reason for the pain. If you want to have less pain, no pain, and say goodbye to pain, Professor Ma Chao also gave some suggestions to netizens for these pains:

  The first is to keep warm:Friends who have neck, shoulder, waist and leg pain and arthritis must add clothes in time or even in advance in winter, pay attention to cold and warmth, especially for the parts with pain symptoms, and take the initiative to prevent joints from catching cold by wearing scarves, vests, knee pads and gloves.

  Followed by hot compress:"Warming meridians and dredging collaterals" and "heat until pain stops". The electric hot water bag with temperature control can be selected for hot compress, which is convenient to heat, controllable in temperature, economical and safe. Heavy and sore, choose Shangshi Zhitong ointment; Swelling and tingling, choose Musk Zhuanggu Ointment; Choose dog skin cream for cold pain and contracture. However, it is necessary to remind everyone that the time of hot compress varies from person to person, so as to avoid scalding, and more attention should be paid to the use when local redness and skin damage occur.

  The third is the baking lamp:We often use TDP and infrared lamp. TDP refers to specific electromagnetic spectrum therapy. Anti-inflammatory and analgesic, reducing exudation. Infrared lamp has high radiation frequency, strong permeability, warming effect, promoting blood circulation and removing blood stasis.

  It has obvious curative effect on muscle strain, joint pain, lumbar pain and cervical pain.

  The fourth is moxibustion:It mainly includes ginger moxibustion, garlic moxibustion, salt moxibustion and aconite moxibustion. Warming meridians to dispel cold, activating qi and dredging collaterals.

  The fifth is fumigation:Introduce a classic prescription, with 20 grams of Zanthoxylum bungeanum, Folium Artemisiae Argyi and Rhizoma Smilacis Glabrae, and 10 grams of Radix Saposhnikoviae, Fructus Lipuidambaris, Radix Clematidis, Flos Carthami and Herba Asari.

  The sixth is medicinal liquor:It can be used both orally and externally, with medlar 30g, Agkistrodon 30g, epimedium 30g and kadsura 30g.

  The seventh is medicinal diet:For example: Eucommia tendon soup, take Eucommia bark, pepper root 15g each, Achyranthes bidentata 20g, and tendon (pig, ox, deer and other tendons) about 200g.

  Eighth is Chinese medicine:It is necessary to treat according to syndrome differentiation and go to a regular hospital for treatment. (Cover journalist Zeng Ya)

Open up new markets+expand domestic markets. Foreign trade enterprises boost "going out to sea" and develop confidence.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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)

Anti-Helicobacter pylori concept stocks are crazy daily limit! Rubbing hot spots? Food and drug administration anti-counterfeiting

  Zhongxin Finance, January 8 (Reporter Zhang Ni) Recently, the US Department of Health and Human Services released the 15th edition of the carcinogen report, in which 8 carcinogens were added, and chronic infection of Helicobacter pylori was listed as a definite carcinogen. The news drove the A-share "anti-Helicobacter pylori concept stocks" to set off a wave of daily limit, and the approval of "consumer self-test" products also attracted the attention of the outside world.

  Helicobacter pylori is listed as a "clear carcinogen", and the infection rate of Chinese people is more than half.

  Helicobacter pylori is a kind of micro-aerobic gram-negative bacilli, which can be spread by sharing chopsticks, sharing toothbrushes and even kissing. It is a bacterium that can colonize human stomach for a long time and cause chronic inflammation.

  According to the conservative estimate of the World Gastroenterology Organization (WGO), at least half of the world’s population is infected with Helicobacter pylori. China is the country with the largest number of people infected with Helicobacter pylori, with an infection rate as high as 59%.

  "Helicobacter pylori is the main risk factor of gastritis, peptic ulcer and gastric malignant tumor, and may also be related to anemia, thrombocytopenia, diabetes and other diseases." Chen Ning, deputy director of the Department of Gastroenterology, Peking University People’s Hospital, told the reporter of Zhongxin Finance and Economics.

  Judging from the incidence of gastric cancer in China in recent years, this can also be confirmed.

  The Report on Nutrition and Chronic Diseases of China Residents (2020) released in December 2020 shows that the top five cancer deaths are lung cancer, liver cancer, gastric cancer, esophageal cancer and colorectal cancer.

  According to the fifth national consensus report on treatment of Helicobacter pylori infection, about 15%-20% of patients with Helicobacter pylori infection in China have peptic ulcer, 5%-10% have dyspepsia, and about 1% have gastric malignant tumor. Almost all patients with Helicobacter pylori positive have chronic active gastritis.

  "Helicobacter pylori is very stubborn. Once infected, the self-healing rate is close to zero unless a formal treatment plan is used. There is a problem with the gastroscope, a family history of gastric cancer, and peptic ulcer. Helicobacter pylori must be eradicated. "

  Chen Ning said that for patients who have undergone stomach surgery, have stomach discomfort, or have had stomach cancer in their first-degree relatives, it is recommended to check for Helicobacter pylori.

  Its diagnostic methods include traumatic and non-traumatic types. The former depends on gastroscopy biopsy, including rapid urease test, staining microscopy of gastric mucosa tissue sections, bacterial culture, etc. Non-invasive detection methods include 13C or 14C breath test and serum antibody detection.

Therapeutic drugs for Helicobacter pylori sold on an e-commerce platform.

  Therapeutic drugs for Helicobacter pylori sold on an e-commerce platform.

  Listed companies "rub" hot spots, and some toothpaste claims that "anti-seclusion" has been counterfeited by the Food and Drug Administration.

  "Helicobacter pylori is listed as a clear carcinogen by the United States" has also led to a wave of A-share "anti-Helicobacter pylori concept stocks", and many listed companies have begun to "rub" Helicobacter pylori hotspots, and businesses have speculated on "anti-quiet toothpaste".

  On the 5th, SDIC Zhonglu said on the investor interaction platform SSE E that anti-Helicobacter pylori related products are still in the research and development stage, and there are certain uncertainties in the commercial prospects, reminding investors to pay attention to investment risks.

  On the 6th, Wise Medicine introduced the interactive platform of investors. The company’s fructooligosaccharides and galactooligosaccharides are typical high-quality prebiotics. At present, foreign studies show that prebiotics can assist in the clearance of Helicobacter pylori drugs to improve the clearance rate. However, the company has not conducted relevant research, and it is impossible to confirm whether it can cooperate with drugs to treat Helicobacter pylori.

  Junyao Health recently announced that the company’s main business is still lactic acid bacteria drinks, and the company’s chewable tablets, drinks and other products related to Helicobacter pylori are still in the product investment stage.

  In addition, the reporter noticed that some merchants have recently speculated that "anti-secret toothpaste" can kill Helicobacter pylori and prevent gastric cancer, and sell the so-called "anti-secret toothpaste" on the e-commerce platform.

  However, on the 7th, National Medical Products Administration issued a response saying that toothpaste claimed that "anti-Helicobacter pylori" lacked scientific basis. Products such as toothpaste claiming to be "anti-Helicobacter pylori" may be added with broad-spectrum bacteriostatic agents. If a large number of broad-spectrum bacteriostats are used for a long time, it may lead to the disorder of oral flora, which is not conducive to oral health.

Screenshot of National Medical Products Administration official website

  Screenshot of National Medical Products Administration official website

  Enterprises push testing products, can Helicobacter pylori test itself at home in the future?

  Just recently, the approval of a Helicobacter pylori testing product has also attracted great attention from the outside world.

  A few days ago, Nuohui Health announced that its Helicobacter pylori detection product has become the first Helicobacter pylori detection product approved by National Medical Products Administration for "consumer self-test" in China. Prior to this, the products approved for Helicobacter pylori testing were limited to professional medical personnel in medical units.

  According to the company, this product uses double antibody sandwich method to detect whether there is Helicobacter pylori antigen in stool samples. The product realizes the "pregnancy test stick" integrated design of sampling and testing. The user’s operation is simple, painless and non-invasive. There is no need to take medicine before testing, no need for fasting during testing, and no special requirements for sample collection. After sampling, insert the sampling stick back into the reagent tube, shake it evenly for 10 seconds, and press the tube cover for 10 minutes to read the results.

  In terms of detection accuracy, the enterprise revealed that the registered clinical trials in three tertiary clinical hospitals in sir run run shaw hospital, Zhejiang People’s Hospital and Peking University Shougang Hospital included 1,644 effective subjects suspected of Helicobacter pylori infection, with a sensitivity of 96.5% and a specificity of 99.1%. Compared with the professional detection results, the coincidence rate reached 100%.

  Affected by this news, on January 7, Nuohui Health’s share price once rose by over 40%. (End)

Nicholas Tse’s version of Bujingyun leads to laughter


Nicholas Tse walked the red carpet alone


  The popularity of "Kung Fu Panda" has once again plunged Chinese audiences into the contradiction of disappointment and expectation of domestic animation. Under such circumstances, the appearance of "The Story of the Wind and Cloud" on the 19th is undoubtedly timely. Yesterday, the film’s investors held a grand and ingenious premiere celebration in Shanghai Circus City, launching the national publicity offensive of "The Story of the Wind and Cloud" with a high profile. The film’s voice actors Nicholas Tse, Ren Xianqi, Tong Zirong, Han Xue, Jiang Xiaohan and others came to the scene to promote their "voice" animated film. Stars such as Patty Hou and Hero joined the film as guests.


  ■ Movies


  Story: Difficult to understand if you are not a "fan of the situation"


  The film is based on the classic comic "Wind and Cloud" by the famous Hong Kong cartoonist Mr. Ma Rongcheng. The story takes place between the first and second parts of "Wind and Cloud", and the new villain is added to tell the story of Wind, Cloud and Nameless to stop the ambition of arrogance and trigger the dramatic changes in the martial arts.


  The film is two hours long, from beginning to end, with a compact plot and first-class sound effects. But I don’t know if the screenwriters are too confident in the "mass base" of "Wind and Cloud" comics and film and television dramas. The plot of "Wind and Cloud" is jumping and the plot is not coherent. After the movie meeting yesterday afternoon, many reporters on the scene said they did not understand it. "I haven’t seen the Wind and Cloud series, and it took 30 minutes to figure out who the main characters in the film are with whom."


  The "Wind and Cloud" comic was imaginative, but in the animated film, it was not clearly displayed. For example, many reporters felt that they could not understand the process of Nie Feng’s infection with unicorn poison. As for the new villain, Pride, the audience was not disgusted. "There should be a decent villain in the cartoon itself. In the first movie, Xiongba died, and of course another one should come out. It can be seen that the adapters have also worked hard, but the character of Pride is too clear, which has diluted the personality of Feng and Yun a lot."

Hainan Island Film Festival Women’s Film Forum helps women’s films thrive

1905 movie network news On the evening of December 12, 2018, the first Hainan Island International Film Festival Women’s Film Forum was grandly held in Sanya. Renowned director Zhang Jiarui, film industry expert Yu Li, two well-known actors Mingdao and Ye Qing, and filmmaker Shen Tingzhao came to the scene to exchange ideas. Under the theme of "Constructing a Women’s Film World View from Zero", aiming at the development of women’s films, from the perspectives of creation and market, specific suggestions were put forward on how to create an excellent Chinese women’s film.

The first Hainan Island International Film Festival aims to "screen all year round, screen all over the island, watch movies by the whole people, and the whole industry chain". It has set up a variety of activities such as film screenings, forum summits, national filming attraction promotion exhibitions, and the 2019 new film promotion conference in the Chinese film market. It strives to create an international, academic, popular and never-ending international film festival.

In view of the fact that in recent years, many films focusing on women’s lives have been produced in the international film industry, such as films with female characters as the leading role, which have not only been recognized by the critics, but also achieved good box office results in China. At the same time, domestic filmmakers have also dedicated such films as "Carnival" and other realistic works focusing on women.

In this context, the first Hainan Island International Film Festival specially set up a women’s film forum, which was guided by the State Film Bureau, sponsored by the Hainan Provincial People’s Government, and jointly implemented by the Propaganda Department of the Hainan Provincial Committee of the Communist Party of China, the People’s Government of Sanya City, the Hainan Provincial Film Bureau, and the Hainan Provincial Federation of Literary and Art Circles. It was organized by Hainan Island International Film Festival Co., Ltd., and implemented by Hainan Xiting Cultural Investment Co., Ltd., Jiazhuo (Beijing) Cultural Media Co., Ltd., and Beijing Yingchuangshi Cultural Media Co., Ltd.

Women’s films refer to films that focus on women’s lives and have a female perspective. The five guests invited to the forum conducted in-depth discussions on women’s films from various perspectives, including the history of women’s films, the comparison between Chinese women’s films and foreign women’s films, and the creation of current Chinese women’s films.

Zhang Jiarui, a director who has written and other women’s films, said that his creation is deeply influenced by his mother and director Xie Jin. His films talk about women’s pursuit of "freedom" and "love", which is often more powerful than men. This pursuit and persistence are often more powerful than men. Ms. Yu Li, a well-known scholar who has studied the film industry for many years, pointed out that recent women’s films reflect contemporary and urban nature, as well as female ideology.

Ming Dao and Ye Qing shared their observations on women around them from the perspective of actors, calling on women of any age to be more sincere and clear about themselves; producer Shen Tingzhao believes that women’s films in the past were more about the pursuit of freedom, while in recent years they have more reflections on the current situation of women’s survival and the choices they face. Finally, regarding the future of women’s films, several filmmakers all expressed their expectation to see more in-depth, real, and life-related women’s films with vitality.

The first Hainan Island International Film Festival Women’s Forum responded to the film festival’s theme of focusing on women and gathered filmmakers from all walks of life to put forward many valuable opinions for the creation of Chinese women’s films. At the same time, all parties are expected to work together to expand the establishment of "Women’s Film Week" during the next Hainan Island International Film Festival. It is believed that with the joint efforts of the forum and the film festival, creators will continue to bring more excellent female films to the audience.

 

Behind the scenes of Di Lizheba’s coronation: brilliant moments and gorgeous transformations

Bright moment, gorgeous metamorphosis: Di Lizheba’s crown crowned behind- the-scene full record[1. Star-studded: Di Lizheba, the bright queen on the stage]

In the vast sea of stars in China’s entertainment industry, there is a shining actress whose name is picturesque and dreamlike – she is Di Lizheba. This beautiful elf from Xinjiang has won the love of countless audiences with her unique exotic style, excellent acting skills and deeply rooted characters. Recently, a news thread about her, "Di Lizheba’s crown is crowned behind- the-scene", like a meteor piercing the night sky, instantly attracted the attention of the public.

[2. Coronation Moment: The Peak of Glory, Much Attention]

In the frozen frame of time on August 27, 2024, a high-profile event was grandly opened under the spotlight. On this day, Di Lizheba dressed in clothes and walked lightly to the center of the stage that symbolizes honor and dignity. There, a dazzling crown is waiting for its owner, and it will witness another brilliant milestone in Di Lizheba’s acting career.

In this carefully prepared coronation ceremony, every detail revealed the recognition and respect of Di Lizheba’s artistic achievements by the organizers. The stage set was gorgeous, like a dream palace, with lights shining brightly like stars. And the crown was made by an internationally renowned jewelry designer, inlaid with countless precious gems, each of which shone brightly, just like the wonderful moments Di Lizheba left on the road of acting.

[3. Behind-the-scene reveal: behind-the-scenes stories, moving moments]

However, this is just the tip of the iceberg presented to the public on stage. The real splendor is often hidden in those unknown behind-the-scenes. In "Di Lizheba’s Crown Coronation", we are fortunate to get a glimpse of the moments before and after the coronation of this charismatic Muse. Those real and moving pictures make us more deeply feel her dedication to art and dedication.

The camera first takes us into Di Lizheba’s dressing room. There, she sits quietly in front of the mirror, letting the professional team create her makeup. Her expression is focused and serene, as if she has entered the role ahead of time. At this moment, she is no longer a star under the spotlight, but an actress who is about to accept a sacred mission, full of anticipation and awe.

Later, we followed the camera backstage to witness Di Lizheba’s interaction with the staff. She warmly shook hands with each staff member to thank them, and her smile was warm and sincere. Although she was about to take to the stage of much attention at this moment, she did not forget the people who paid silently behind the scenes. This humility and gratitude undoubtedly added to her coronation.

When the coronation came, Di Lizheba slowly walked to the center of the stage in the warm applause of the audience. At that moment, her eyes were firm and bright, as if to tell the world that she was ready to meet the new challenge and shoulder the responsibility of this glory. When the bright crown gently fell on her hair, the audience boiled, and at this moment, the gorgeous transformation of Di Lizheba was completed.

[4. Future Outlook: Di Lizheba, the road of performing arts sets sail again]

The crowning of the crown is an affirmation of Di Lizheba’s past achievements and an expectation of her future potential. Facing this new starting point, Di Lizheba said: "I know the weight behind this honor, it is both an encouragement and a spur. I will use this as motivation to continue to perform every role with my heart and give back to all the fans and viewers who support me."

In the days to come, we have reason to believe that Di Lizheba will be active on the film and television stages at home and abroad with a more mature and confident attitude, using her talent and charm to write more brilliant chapters of her own. And that shining crown will become a shining imprint that will never fade in her acting career, illuminating her path forward.

conclusion

The crowning of Di Lizheba’s crown behind- the-scene not only shows her brilliant moments on the stage, but also reveals her hard work and persistence behind it. This is a gorgeous metamorphosis and a solemn declaration of the future. Di Lizheba, the queen who bloomed on the stage, will embark on a new acting journey with even firmer steps and continue to write her legendary story. Let us look forward to more surprises and touches that Di Lizheba will bring us in the future.

Responsible editor:

Selling 249,800-349,800 yuan, Zhijie S7 was officially listed.

  [car home new car on the market] On November 28th, Zhijie S7 was officially released. It has four models: Pro, Max, Max+ and Max RS.The price is 249,800-349,800 yuan.. The official said that the number of new car bookings has exceeded.20000Car. In addition to announcing the selling price, the car also has the following car purchase rights and interests. During the first sale period (as of December 31, 2023), you can enjoy the car purchase rights and interests worth 55,000 yuan immediately, including the matching rights and interests worth 25,000 yuan, the interior and exterior decoration matching money worth 15,000 yuan and the Huawei ADS 2.0 high-level smart driving rights package worth 15,000 yuan.

Price of Zhijie S7 car make and model Price (ten thousand yuan) Pro 550km 24.98 Max 705km advanced intelligent driving edition 28.98 Max+ 800+km advanced intelligent driving version 31.98 Max RS 630km four-wheel drive flagship high-order intelligent driving version 34.98

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More exciting videos are all on the car home video platform.

● Standard coupe style appearance of electric vehicles

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

"『Max RS four-wheel drive ultimate edition"

  Zhijie S7 is a medium-sized and large car, and its body design adopts the coupe style commonly used in electric vehicles nowadays, which is also related to the brand positioning. The brand positioning of Wenjie is more calm and atmospheric, while the brand of Zhijie is oriented to young sports consumers. The slip-back roof and the sporty rims used in some models bring a strong sense of movement.

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

  From the front of the car, the daytime running lights on the lower edge of the LED headlights run through the left and right, which looks like the shape of a paddle with the decoration of the headlights. There are ventilation holes on both sides and bottom of the front of the car, and there are rich radar components.

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

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  The length/width/height of this car are 4971/1963/1474mm and the wheelbase is 2950 mm. It will provide five colors: warm nebula, azure blue, frosty moon silver, gold-plated black and ceramic white, which will bring different senses with different rim styles. On the roof, it also has a panoramic canopy of 2.6 square meters, and the canopy and rear windshield are double-layer silver-plated heat insulation glass. The official said that the heat insulation rate (that is, the infrared blocking rate) reached 98.3%. It is worth mentioning that the new car will be equipped with electric suction doors as standard.

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

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"With a sports kit"

Zhijie Automobile Zhijie S7 2023 Max+ Super Flight Edition

"No sports kit"

  The design of the rear end is also very simple, with a penetrating taillight that echoes the front of the car. If you choose a version with a sports kit, it will also be equipped with a carbon fiber style rear spoiler and a sports rear enclosure.

● In the car … Besides Huawei HarmonyOS OS 4, what else?

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

  Zhijie S7 also has many ideas on interior design. At first glance, it is a traditional layout, full LCD instrument and independent central control instrument. But in fact, when you sit in, you will find that this car has a little "great depth" on the car, which is officially called "yacht cabin design". Do Huawei fans have to shout "far ahead"? In terms of color matching, the new car will bring three interior color matching styles, such as moon shadow gray, sparrow feather red and white apricot.

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Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

  The so-called "yacht cab design" is to divide the front into several areas, such as the pilot area displaying intuitive information (far-sight-distance instrument), and the driving control area closer to it is mainly the operation area. This car has an oval steering wheel and a flat multifunctional instrument panel in front of the co-pilot, which can not only be used as a "desktop", but also has an independent storage compartment.

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

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  Zhijie S7 is equipped with HarmonyOS OS4 car machine system. From the real car experience, this car machine is very smooth and has super desktop function, that is, if you use Huawei mobile phone, you can project it on the screen. This system is further upgraded for ecological linkage. It can use the handle to play racing games on the car screen, and it can also display the aerial picture on the drone on the car screen. The voice assistant "Xiaoyi" will also be more intelligent. For example, it can execute fuzzy instructions such as "the window opens a crack", and it can also sort out and summarize news information and summarize the core content.

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

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  The car is also equipped with dual 50W wireless fast charging in the front row, and the central armrest box combines the cooling and heating box. In terms of seats, although the front row is an integrated sports seat, the padding can still bring good comfort. In addition, the new car is equipped with a suspended silk wool headrest, with four adjustable heights, and integrates 10-point massage, 16-way electric adjustment, ventilation, heating and other functions. Not only that, the new car seat also supports the adjustable function of wing wrapping, which brings stronger lateral support. Finally, the new car is also equipped with electric leg rest, which supports 2-way electric adjustment, and the length of 50mm can adapt to different leg lengths.

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

Zhijie Automobile Zhijie S7 2023 Max RS Four-wheel Drive Ultimate Edition

  Coming to the back row, according to the official data, the horizontal space in the back row is 1537mm and the leg space is 945 mm. Touch buttons are inherited on the rear door, which can adjust the related functions of air conditioner and seat, and has a strong sense of technology. At the same time, Huawei’s MatePad can be installed behind the front seats. Thanks to Huawei’s system, the Pad can be linked with the car machine.

● Intelligent driving

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  In terms of hardware, the new car will be equipped with 1 lidar, 12 ultrasonic radars, 3 millimeter-wave radars and 11 camera groups. At present, high-speed and urban fast NCAs have been commercialized, and urban NCAs will be commercialized nationwide by the end of 2023.

More exciting videos are all on the car home video platform.
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  All versions of Zhijie S7 Max and above will be equipped with HUAWEI ADS intelligent driving assistance system, which is expected to be gradually launched for different cities in China from Q4 this year. Beta will be gradually opened in Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Suzhou, Dongguan and other cities in the first quarter of 2024. At the press conference, the official also showed the currentThe only auxiliary parking function for mechanical parking spaces in the industry.And can realize wire sliding and berthing in a tight space.

● Power information

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  Zhijie S7 will be equipped with 800V silicon carbide high-voltage platform as standard. The front motor of Zhijie S7 four-wheel drive version is 150kW, and the rear motor is 215kW. Its 0-100km/h acceleration time is 3.3 seconds, and its 100-0km/h braking distance is only 33.5 meters. In addition, the new car achieved 83.1km/h in elk test results, even surpassing Tesla Model S.

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  Zhijie S7 is equipped with Turing chassis, including front double wishbone+rear five-bar suspension, intelligent control cluster, CDC variable damping shock absorber, air suspension, etc., which can realize the height adjustment of the fourth gear body. Through strong perception, the chassis state can be quickly adjusted to adapt to various road conditions.

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  In addition, Zhijie S7 is equipped with the new Huawei "Whale" 800V high-voltage battery platform to realize super fast charging, which can last 215km in 5 minutes and 430 km in 15 minutes.CLTC has a comprehensive endurance of 855km.In addition, HarmonyOS Zhixing charging service has deployed 340+, more than 4,500 high-speed charging stations and 700,000+public charging piles. By the end of 24 years, the total liquid-cooled super fast charging service will reach 100,000+.

● Full text summary

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  Huawei, which doesn’t make cars, has launched more than one car, and the series of cars has three products, namely, the car-bound M5, the car-bound M7 and the car-bound M9. The car-bound S7, which cooperates with Chery, is officially launched today. In addition, Huawei’s cooperation with BAIC, JAC and Changan is also advancing rapidly. It is reported that two "bound" products of BAIC and JAC are on the way, and the vehicle positioning will be more high-end. Although it keeps saying that it doesn’t build a car, Huawei’s territory in the automobile industry is already spreading rapidly. Huawei wants to be the "locomotive" of the intelligent platform for automobiles, and it is getting closer and closer to this goal. Today’s launch of Zhijie S7 will face the hot market within 300,000 yuan. This price includes not only mature Tesla Model 3, Weilai ET5, BYD Seal, etc., but also Krypton 007 and the next Xiaomi SU7. Whether it can become showstopper like Wenjie series, let’s look forward to it together. (Text/car home Chen Hao)

Related reading:

"Huawei establishes a new company to build a locomotive in the intelligent era"

Yu Chengdong: The new company has sent an invitation to the "Four Boundaries".

There are many patients with psittacosis; These attractions are free to play during the Qingming holiday; Many countries announced oil production cuts; The explosion in St. Petersburg coffee shop has

[Looking at China]

Li Qiang meets Japanese Foreign Minister Lin Fangzheng

The State Council Prime Minister Li Qiang met with visiting Japanese Foreign Minister Lin Fangzheng in Ziguangge, Zhongnanhai on the 2nd. Li Qiang said that maintaining and developing Sino-Japanese friendly and cooperative relations is in the fundamental interests of the two countries and peoples. This year marks the 45th anniversary of the conclusion of the Sino-Japanese Treaty of Peace and Friendship. Both sides should abide by the spirit of the treaty and make firm efforts to develop lasting peaceful and friendly relations between the two countries. It is hoped that Japan and China will move in the opposite direction, strengthen dialogue and cooperation, properly manage differences, and jointly promote the construction of Sino-Japanese relations that meet the requirements of the new era.

The three departments strengthen land security and support the development of photovoltaic industry.

The Ministry of Natural Resources, National Forestry and Grassland Administration and the National Energy Administration jointly issued a notice recently, explicitly encouraging all localities to use unused land and existing construction land to develop photovoltaic power generation industry. (Xinhua News Agency)

Academician Zhong Nanshan: The probability of re-infection with XBB after infection with BA.5 is still high.

Recently, when talking about the prevention and control of coronavirus in a forum, Academician Zhong Nanshan said: The probability of people being infected with BA.5 and then infected with XBB is still high. At present, it is still necessary to consider vaccine intervention, so as to maintain the high immunity of people to COVID-19 infection. (Tide News)

There are many patients with psittacosis, expert: human-to-human transmission is rare.

Recently, an infectious disease, psittacosis, has appeared in some parts of China. It can cause cough, fever and lung infection, and these symptoms are very similar to COVID-19 and influenza. In this regard, Lu Hongzhou, director of the National Infectious Diseases Clinical Research Center, said that humans are usually infected by inhaling dry feces dust or bird feather dust from caged birds, and human-to-human transmission may occur, but it has always been considered rare. The diagnosis of psittacosis is usually confirmed by serological tests. If it is confirmed, antibiotic treatment is the first choice. (People’s Daily Health Client)

The rain and snow in the central and eastern regions entered the strongest period, and the temperature dropped greatly in Huanghuai and other places in North China.

From April 2 nd to 4 th, the largest range of rain and snow weather in central and eastern China entered the strongest period this year, and the local area will encounter heavy rain accompanied by strong convective weather. At the same time, strong cold air will gradually bring severe cooling to the northwest and central and eastern regions, and North China, Huanghuai and other places will also join the ranks of cooling, and many places will stage a big reversal of cold and warm. (China Weather Network)

In many places in Inner Mongolia, the scale and expenditure of non-staff personnel were thoroughly investigated, and some personnel were streamlined.

Recently, many places in Inner Mongolia have released the progress of "Statistics of supernumerary personnel and expenditures of government agencies and institutions". Based on the information published in some areas, at the same time, we also eliminated non-staff personnel who did not meet the employment requirements to implement total control. (澎湃)

Does a night market in Lanzhou need to scan the code for temperature measurement? Official: No, you can come in and out at will.

On April 2nd, it was circulated on the Internet that the Yellow River Food Ferry in online celebrity Night Market, which was just opened in Lanzhou, requested to have its place scanned and its temperature taken. In response, the operating staff of Lanzhou Yellow River Shidu Culture Night Market responded: "Now entering our night market does not require code scanning or temperature measurement. Our night market has just opened, and we have never heard of this statement. Three calls have been made tonight to ask about it. " (People’s Daily Health Client)

Guangzhou encourages the construction of standard factories that only rent but not sell.

Recently, the executive meeting of the Guangzhou Municipal Government deliberated and adopted the Implementation Opinions of the General Office of the Guangzhou Municipal People’s Government on Strengthening the Supervision of Land Supply and Post-supply, and the Rules for the Collection and Collection of Transfer Fees for State-owned Construction Land Use Rights in Guangzhou. The "Opinions" make it clear that we should encourage the construction of industrial affordable housing, only rent standard factories that are not for sale, provide "industrial affordable housing" for small and medium-sized enterprises, guide small and medium-sized enterprises to settle in, implement accurate investment promotion by housing, and solve practical problems such as unstable enterprise development, insufficient funds and limited development space demand in small and medium-sized enterprises. (Nanfang Daily)

Progress of negotiation between Shuangma No.1 Mine of Ningxia Coal Industry and Guo Sun Friends.

On April 2, Shuangma No.1 Mine of Ningxia Coal Industry issued a statement saying that on March 31, Guo Sun Friends was contacted again for consultation, but I was not contacted. I will continue to contact Sun Guoyou to negotiate and solve water use issues on the premise of legal compliance. (World Wide Web)

A large ancient smelting site was discovered in Baicheng County, Xinjiang.

Recently, cultural relics workers discovered a large ancient smelting site in the depths of Tianshan Mountain. This newly discovered ancient smelting site is located in a mountain stream called "Grave Ditch" in Baicheng County, Aksu Prefecture, Xinjiang. The site is about 2000 meters wide from east to west and 1500 meters long from north to south. Waste residue, porcelain pieces and glazed pottery pieces are scattered everywhere in the site. (Xinhua News Agency)

These attractions are free to play during the Qingming holiday! Ticket discount inventory is coming.

Tomb-Sweeping Day holiday is coming soon. At present, many scenic spots have introduced measures to reduce or exempt tickets. Huangshan, Wuyishan, Shennongjia, Zhangjiajie Grand Canyon and other scenic spots are limited to free tickets, while Chaka Salt Lake and Baquan Gorge enjoy half-price concessions. (People’s Daily Weibo)

From April 5th, some airlines reduced the fuel surcharge for domestic flights.

Qunar. com, Feizhu and other platforms have received notices from China Eastern Airlines, Shanghai Airlines and other domestic airlines, and will adjust the fuel surcharge collection standards for domestic flights from 0: 00 on April 5, 2023 (the date of issue). The adjusted standard is adult passengers: 30 yuan is charged to each passenger on the flight below 800km (inclusive), and 60 yuan is charged to each passenger on the flight above 800km, which is lower than that in 10 yuan and 20 yuan respectively. (Xinhua News Agency)

Tianlong-2 remote launch vehicle was successfully launched.

At 16: 48 on April 2, the Tianlong-2 Tele-1 carrier rocket successfully made its first flight at Jiuquan Satellite Launch Center, China, and successfully put the space science satellite into the scheduled orbit, and the launch mission was a complete success. (Xinhua News Agency)

[Looking overseas]

Us media: the us government will promote the "light bulb ban" in the next few weeks.

It is reported that Biden’s government is preparing to implement a nationwide total ban on commonly used incandescent bulbs as part of its agenda to improve energy efficiency and climate. (CCTV News)

Lawyer Trump: Consider applying to transfer the "hush money" case to a more conservative court.

According to a report quoted by a person familiar with the matter by Bloomberg on the 2nd, the lawyer team of former US President Trump is considering the possibility of transferring his criminal case of "hush money" to the more conservative Staten Island District Court in New York State. (Zhongxin. com)

Japanese composer Ryuichi Sakamoto died.

According to many foreign media reports on April 2nd, Japanese composer Ryuichi Sakamoto died at the age of 71. (World Wide Web)

The Japanese government predicts that Tokyo will continue to face a tight power supply situation this summer.

According to the Japanese government’s forecast, the Tokyo area will continue to face the situation of tight power supply this summer. (CCTV News)

India announced that trade with Malaysia can be settled in Indian Rupee.

On April 1st, local time, the Indian Foreign Ministry issued a statement saying that India and Malaysia have agreed to use Indian Rupee for trade settlement. India’s Ministry of Foreign Affairs said that in addition to other existing currency settlement modes, trade between India and Malaysia can now be settled in Indian Rupee. (CCTV News)

Many countries announced the implementation of voluntary oil production reduction.

According to a report by Bloomberg on April 2, Saudi Arabia will implement a voluntary production reduction plan of 500,000 barrels per day from May until the end of 2023. Kuwait will voluntarily cut its oil production by 128,000 barrels per day from May until the end of 2023. The UAE will voluntarily reduce its oil production by 144,000 barrels per day from May to the end of 2023. Kazakhstan will contribute 78,000 barrels per day to OPEC+ production reduction. Russian Deputy Prime Minister Novak said that Russia will voluntarily reduce oil production by 500,000 barrels per day until the end of 2023. Algeria will cut its oil production by 48,000 barrels per day from May to the end of 2023. Oman will voluntarily reduce its oil production by 40,000 barrels per day from May until the end of 2023. (Interface)

Syria has been attacked by Israeli air strikes in recent days.

The Syrian media quoted the Syrian military as saying that in the early morning of April 2, Syria was once again attacked by Israel, which was the third air strike that Syria encountered in a week. (CCTV News)

The explosion in the coffee shop in St. Petersburg, Russia has killed one person and injured 25 others.

On April 2, local time, an explosion occurred in a coffee shop on Vasily Island in St. Petersburg, Russia, killing one person and injuring 25 others. According to what the reporter learned from the scene, the explosive device was brought into the coffee shop by a young woman. There were no security personnel and security inspection equipment inside the coffee shop, and the suspect activated the explosives by radio remote control. According to local media reports, the woman who brought explosives into the coffee shop was also injured in the explosion. She is now under police control. (CCTV News)

Russian ambassador to Belarus: nuclear weapons will be deployed to the western border of Russia-Belarus union countries

On April 2, local time, Russian Ambassador to Belarus Gryzlov said in an interview with Belarusian media that nuclear weapons will be deployed to the western border of Russia-Belarus union countries, which will improve the security capabilities of the union countries. (CCTV News)

Preliminary statistics show that Milatovic was elected as the new president of Montenegro.

On April 2, local time, Montenegro held the second round of voting for the presidential election. According to preliminary statistics, Milatovic won the presidential election with obvious advantages and was elected as the new president of Montenegro. (CCTV News)

The preliminary results of the Finnish parliamentary elections announced that the National United Party had the highest vote rate.

Late at night on April 2, local time, the preliminary results of the Finnish parliamentary elections were announced. According to the preliminary vote count results of the election, the National United Party won the highest vote and became the largest party in Parliament. (CCTV News)

[large company]

Bilibili UP main response "stop more tide": a little exaggerated.

On April 2nd, the topic of bilibili UP’s initiative to stop the tide rushed to the top of hot search. In this regard, some UP owners said that the suspension of the shift has nothing to do with the economic situation, and the income in bilibili this year is no less than before. There are also UP owners who say that hot search is a bit puzzling. As of press time, bilibili did not respond to the above news.

Shagang’s acquisition of Nangang changed, and CITIC Pacific cut off Hu.

On the evening of April 2, Fosun International announced the progress of its plan to sell 60% of Nanjing Nangang, saying that Nangang Group decided to exercise the preemptive right, and Fosun had signed an agreement with Nangang Group to sell 60% of Nanjing Nangang to it, and at the same time, it would terminate the transaction with Shagang Group on Nanjing Nangang’s equity. In fact, the real interception of Hu Shagang is the central enterprise CITIC. According to the announcement issued by Nangang Co., Ltd. that night, CITIC Pacific Special Steel Group increased its capital through its Xinyegang and became the controlling shareholder of the latter.

Hulu Beijing laid off 90% of its employees, and the laid-off employees were robbed by big factories.

Recently, the news that Hulu Beijing started layoffs exploded the Internet. Hulu Beijing mainly includes technology research and development and product teams. A person familiar with the matter said that the scale of layoffs in Hulu Beijing exceeded 90%. After the news of layoffs came out, a large number of headhunters, HR manufacturers and AIGC startups started the mode of grabbing people in the pulse. (per meridian)

Xu Lin, CTO of Sailis Group: AITO is dominated by Sailis, which is different from "Huawei makes cars".

On April 2nd, at the sub-forum of China Electric Vehicle committee of 100 Forum (2023), Xu Lin, CTO of Celestial Group and President of Celestial Automobile (rotating), said: "Our cooperation with Huawei, the brand of both parties is AITO Wenjie, and our cooperation mode is really joint design, joint development, joint quality control and joint marketing led by Celestial and highly empowered by Huawei, which are two different things from Huawei’s car building." (SSE)

Tesla charges new products to market.

Tesla officially announced on April 2 that it will launch new charging products on April 3. This product adopts high-strength low-carbon steel box and integrated stamping process.

Swiss media: UBS plans to lay off 20%-30% of its staff after acquiring Credit Suisse.

Swiss "Daily Herald" reported on April 2 that a senior manager of UBS revealed that UBS plans to lay off 20%-30% of its staff after acquiring Credit Suisse, and may cut about 11,000 jobs in Switzerland. (Interface)

[Nuggets Circle]

Brokers released gold stocks in April: these stocks were strongly supported and optimistic about technology and big consumption sectors.

In March, the A-share market fluctuated sideways, and the Shanghai Composite Index fell by 0.21% during the month. How to find opportunities in April? As of April 2, 26 brokers announced their monthly investment portfolios in April, covering many fields such as consumption, finance and technology.

Top ten bull stocks released in March

In March, A shares showed a trend of shock adjustment. As of the close of March 31st, the Shanghai Composite Index fell by 0.21%, the Shenzhen Composite Index fell by 0.49% and the Growth Enterprise Market Index fell by 1.22%. After excluding the new shares listed in the last six months, as of the close of March 31, the average increase of the top ten bull stocks in March remained at a high level, of which two bull stocks increased by more than 100%, and Rongda Photosensitive, which had the smallest increase, also increased by more than 70%.

This week, 17.277 billion yuan of market value restricted shares were lifted.

Judging from the market value of lifting the ban, April 7 is the peak period of lifting the ban. The market value of lifting the ban by the three companies totaled 8.019 billion yuan, accounting for 46.41% of the scale of lifting the ban this week. According to the closing price on March 31, the top three market values of lifting the ban are: Minglida, Zhongke Chuangda and Zhongfu Shenying. From the perspective of the amount of individual stocks released, the top three stocks released are: Minglida, Heshun Petroleum and Surveying and Mapping.

A shares will issue 10 new shares this week.

This week, A-shares will issue 10 new shares, including 2 owned by Beijing Jiaotong University and 4 from science and technology innovation board. Among them, Huasheng Hi-Tech and Wangcheng Technology were released on April 4th. On April 6th, Everbright Tongchuang, Suochen Technology, Hengshang Energy Saving, Sentai and Deere Chemical were issued. On April 7 th, it was released by North Changlong, Gaohua Technology and Qizhong Technology.

"A wealth selection"

The transaction volume of second-hand houses in many cities is "soaring", and "transfer with mortgage" in 100 cities promotes stock trading.

In March, the transaction volume of second-hand houses in Hangzhou exceeded 10,000 sets, and Chengdu exceeded 26,000 sets! While the transaction of second-hand houses in many cities is rising, the "transfer with mortgage" means that the transaction process of second-hand houses will be greatly simplified and the cost will be greatly reduced. This policy can not only revitalize the second-hand housing market, but also help the subsequent slow recovery of the first-hand housing market driven by the liquidity of second-hand housing.

Decryption of A-share Chairman after 90: Most of them are successors, and their achievements are two worlds.

In recent years, the "post-90 s" chairman is emerging in the A-share market at a faster speed. Their business history, succession process and business style have attracted market attention. Among the 51 post-90s directors, about 47 are children of former directors, actual controllers or major shareholders. Among the companies where these "post-90 s" chairmen are located, 24 have achieved year-on-year growth in net profit, and 27 have experienced year-on-year decline in net profit, showing a situation of ice and fire.

[Today’s notice]

10: 00-First-line Release The State Council held a press conference on the 6th Digital China Construction Summit.

15: 00-First-line Announcement The State Council will hold a press conference on the third China International Consumer Goods Expo.