Report on human rights violations in the United States in 2023 (full text)

  The the State Council Press Office published the "Report on Human Rights Violations in the United States in 2023" on the 29th. The full text is as follows:

  2023 Report on Human Rights Violations in the United States

  People’s Republic of China (PRC)

  the State Council Information Office

  May 2024

  catalogue

  preface

  First, civil and political rights have become empty talk

  Second, the persistence of racism has far-reaching consequences

  Third, economic and social inequality is increasing.

  Fourth, the rights of women and children have been continuously violated.

  5. The tragic situation of undocumented immigrants is shocking.

  Six, American hegemony creates a humanitarian crisis.

  tag

  preface

  In 2023, the human rights situation in the United States continued to deteriorate. In the United States, human rights are becoming increasingly polarized. Compared with a few people who occupy a dominant position in politics, economy and society, most ordinary people are increasingly marginalized and their basic rights and freedoms are ignored. 76% of Americans believe that their country is developing in the wrong direction.

  American political parties are fighting, the government is disabled, governance is ineffective, and civil and political rights cannot be effectively guaranteed. It is difficult for the two parties to reach a consensus on gun control, and large-scale shooting incidents continue to be high. About 43,000 people died of gun violence, with an average of 117 people dying every day. The police abused violence in law enforcement. In 2023, at least 1,247 people died of police violence, a record high since 2013, but the accountability system for law enforcement was ineffective. The population of the United States is less than 5% of the world, but the number of prisoners accounts for 25% of the world. It is a veritable "prison country". The vicious struggle of political parties continued to intensify, and the election was manipulated by using constituency division. The House of Representatives twice staged a farce of "the speaker gave birth", and the government’s credibility continued to decline. The American people’s trust in the federal government was only 16%.

  Racism in the United States is deeply rooted and the situation of racial discrimination is serious. United Nations experts pointed out that systematic racism against African-Americans has penetrated into the US police force and criminal justice system. Due to serious racial discrimination in medical services, the maternal mortality rate of African-American women is almost three times that of white women. Nearly 60% of Asians said that they faced racial discrimination, and the "China Action Plan" for Chinese scientists caused far-reaching harm. Racist ideology has spread viciously in American social media, music, games and other platforms, and has become a major exporter of extreme racism.

  The polarization between the rich and the poor in the United States has intensified, the phenomenon of "worker poverty" has become prominent, and the economic and social rights protection system has been idling. The long-term disparity in labor distribution has led to the worst gap between the rich and the poor since the economic crisis in 1929. There are 11.5 million low-income working families in the United States, and the federal minimum hourly wage has not been raised since 2009. In 2023, the purchasing power of one dollar has dropped to 70% in 2009. It is difficult for low-income families to pay for basic necessities such as food, rent and energy, and there are more than 650,000 homeless people, a record high in 16 years. "Poverty of workers" shattered the "American dream" of Xin industrious authors, which led to the most widespread strike tide since the 21st century in 2023.

  The rights of women and children in the United States have been systematically violated for a long time, and there are few constitutional provisions to guarantee gender equality. So far, the United States has not ratified the United Nations Convention on the Elimination of All Forms of Discrimination against Women, and it is the only country among the United Nations Member States that has not ratified the Convention on the Rights of the Child. In April 2023, the US Senate rejected the constitutional amendment proposal to guarantee gender equality. About 54,000 women in the United States lose their jobs every year because of pregnancy discrimination. More than 2.2 million women of childbearing age have no access to obstetric care. At least 21 states have banned or severely restricted abortion. The number of maternal deaths has more than doubled in the past 20 years. Sexual violence in the workplace, campus, family and other fields emerges one after another. Children’s rights to survival and development are worrying. A large number of children were excluded from Medicaid. Gun violence has become the main cause of child death. Drug abuse is spreading among teenagers. Forty-six states were found to have concealed about 34,800 cases of missing foster children.

  The United States is a country that has benefited from immigration in history and reality, but there are serious problems of exclusion and discrimination against immigrants. From the infamous "Chinese Exclusion Act" in 1882 to the "Mu Ban Order" widely condemned by the international community in 2017, the practice of exclusion and discrimination against immigrants has been deeply embedded in the American institutional structure. Nowadays, the immigration issue has become a tool for the party to compete for profits and politics. Politicians ignore the individual rights and well-being of immigrants, and the immigration policy is simply copied as a partisan break position of "if you agree with me, I will oppose it", and finally it becomes a political show using voters. The immigration chaos has fallen into a vicious circle with no solution, and immigrants and children have been subjected to cruel treatment such as mass arrest, human trafficking and exploitation. Political polarization and the hypocritical nature of American human rights are vividly manifested in the immigration issue.

  The United States has long pursued hegemonism, pursued power politics, abused force and imposed unilateral sanctions. Continued delivery of weapons such as cluster munitions to other countries has aggravated regional tensions and regional armed conflicts, resulting in a large number of civilian casualties and a serious humanitarian crisis. Wantonly carrying out "foreign agent" actions, undermining social stability in other countries and infringing on human rights in other countries. So far refused to close Guantanamo prison.

  First, civil and political rights have become empty talk

  Gun violence in the United States has caused a painful cost of life, and the struggle between political parties has made it difficult to reach a consensus on gun control. The government abuses its power to monitor citizens’ privacy, police violence is getting worse and worse, and the police law enforcement accountability system is ineffective. Political polarization continues to intensify, election manipulation is rampant, and the government’s credibility continues to decline.

  Gun violence has caused a terrible loss of life. The data shows that all types of gun violence in the United States are on the rise. According to the statistics of the website "Gun Violence Archives", there were at least 654 mass shootings in the United States in 2023. Gun violence caused nearly 43,000 deaths, with an average of 117 deaths per day. For example, the ABC News website reported on October 28th, 2023 that a mass shooting incident occurred in Maine, killing at least 18 people and injuring 13 others. The USA Today website reported on December 6, 2023 that three university professors in Las Vegas were shot dead by a former colleague. Irene Malvi, president of the American Association of University Professors, called gun violence an "unacceptable national threat" and urged the US government to reform its gun policy. The surge in gun-related casualties in the United States has aroused serious concern of the United Nations Human Rights Committee.

  The danger of gun violence overflows. The proliferation of guns in the United States has led to the intensification of gun smuggling in neighboring countries, which has brought great harm to the life safety of local people and regional stability. According to Mexican government data, more than 500,000 guns are smuggled into Mexico from the United States every year. Between 2014 and 2018, more than 70% of the guns collected at the scene of violent crimes in Mexico came from the United States. According to the investigation report of Crime Insight in Latin America in 2022, the illegal guns flowing into the Caribbean from the United States led to an increasing murder rate in the region.

  Fighting among political parties makes it difficult to reach a consensus on gun control. The United Nations Human Rights Committee called on the United States to take all necessary measures to effectively protect the right to life and prevent and reduce gun violence. According to the survey report published on the website of Pew Research Center on June 28th, 2023, gun violence is widely regarded as a major and increasingly serious national problem, 58% of the respondents are in favor of stricter gun control laws, and more than 60% of American adults believe that gun violence is a major national problem in the United States today. However, American politicians ignore the calls of the international community and domestic people for gun control, and only care about money and political self-interest, so that the proliferation of guns in the United States has not been effectively controlled for a long time. In the article Gun Violence in America: Capitalism is the culprit, Al Jazeera columnist Belem Fernandez believes that "America is a country that puts profits above people". A series of shooting incidents, such as the Buffalo supermarket shooting, the Iuvaldi primary school shooting and the Highland Park parade shooting, which caused a large number of casualties, have defined American life. Smith-Wei Sen, an American gun manufacturing giant, earned at least $125 million in 2021 by selling assault rifles, which are often used in mass shootings. Joseph Blocher, an American constitutional scholar and a professor at Duke University Law School, believes that the political game has greatly damaged the efforts to formulate effective legislation to curb gun violence in the United States. Even if mass shootings occur frequently,It is also unlikely that the two parties will reach a new consensus on formulating specific measures for gun control. Driven by party polarization and interest groups, more and more state governments actively promote legislation to expand residents’ rights to own and carry guns. In 2023, at least 27 states in the United States can carry pistols without a license. Gun violence is persistent, and the government’s control policy is ineffective, which ultimately pays the price of ordinary people’s lives.

  The government abused its power to monitor citizens’ privacy. The United Nations Human Rights Committee pointed out that the scope of Article 702 of the US Foreign Intelligence Surveillance Act is too broad, which not only allows US law enforcement officers to monitor the electronic communication of foreigners, but also may use legal loopholes to obtain a large number of communication information of American citizens without a search warrant (that is, "back door search"), and lacks a clear and transparent supervision mechanism. According to the report released by the Intelligence Committee of the US House of Representatives on November 16th, 2023, the US Federal Bureau of Investigation transferred the provisions of Article 702 of the Foreign Intelligence Surveillance Law to domestic surveillance, and monitored the communications of members of Congress, congressional campaign donors and anti-racist protesters "extensively and continuously". On November 20th, 2023, the website of Brennan Judicial Center reported that for more than ten years, new york Police Department abused social media to engage in illegal activities, including monitoring public meetings and tracking individual citizens and their contacts without evidence, but these behaviors were not supervised and held accountable.

  Religious intolerance has worsened. Religious prejudice is a long-standing problem in American society. In recent years, the number of crimes caused by religious intolerance has continued to increase. According to the statistics of hate crimes released by the Federal Bureau of Investigation in October 2023, there were as many as 2,042 hate crimes based on religion in the United States in 2022. The American Committee on Islamic Relations released a report in April 2023, saying that in 2022, a total of 5,156 complaints involving discrimination against Muslims were received, mainly related to employment discrimination, education discrimination and unfair law enforcement, among which education-related complaints increased by 63% compared with 2021.

  Freedom of speech and expression is suppressed. The harassment, intimidation, threats and attacks on media organizations and journalists by American government authorities, politicians and law enforcement officials have attracted the attention of the United Nations Human Rights Committee. Represented by Texas, Florida, Missouri, Utah and South Carolina, more and more states have passed laws to prohibit public schools from using educational materials and books on specific topics such as race, history and gender. Joe Coen, director of legislative policy at the Foundation for Individual Rights and Speech, is "deeply disturbed" by the surge in censorship. According to the foundation’s follow-up survey, the number of faculty members who have been punished or dismissed for their speech or expression has reached a new high in 20 years. The Associated Press reported on March 15th, 2023 that artist Katrina Majikut held an exhibition in a public school in Lewiston, Idaho, using embroidery works to show medical care issues such as chronic diseases and drugs. The exhibition was censored and removed on the grounds that it was suspected of being in conflict with the state’s "Public Fund Act against Abortion". Similarly, four documentary works by artist Lydia Nobles showing women’s experience of abortion were also deleted.

  The number of people killed by police violence has reached a new high. The article "Ending the Culture of Police Violence" published on the website of Brennan Judicial Center on February 3, 2023 pointed out that the national security building in the United States is based on the culture and tradition of institutional violence. The abuse of force by American police is a prominent problem in law enforcement, but most law enforcement agencies refuse to publish data on the use of force. According to the data of the "Police Violence Map" website, the US police killed at least 1,247 people in 2023, the highest record since the organization began nationwide tracking in 2013. This means that at least three people are killed by the police every day on average.

  The accountability system of police law enforcement exists in name only. Amy Laermann, a professor of public policy and political science at the University of California, Berkeley, and Weisla Weaver, a professor of political science at Hopkins University, co-authored the book "Arresting citizens: the democratic consequences of crime control in the United States", pointing out that the American police department has always rejected citizens’ doubts about the legality of its law enforcement actions, and the mechanism for investigating police violations is ineffective. In a paper published in the international medical journal The Lancet, University of Washington scholars Eve Wool and Mason Nahawi pointed out that more than half of the police killings in the official death statistics database of the US Centers for Disease Control and Prevention were wrongly marked as "ordinary murders or suicides". The New York Times website reported on January 31st, 2023 that the internal affairs department of American police is often more keen to exonerate colleagues than to investigate misconduct, which makes it difficult for police to be held accountable. The police union spared no effort to attack critics and excuse bad actors.

  The problems of mass imprisonment and forced labor are prominent. The population of the United States is less than 5% of the world, but prisoners account for 25% of the prisoners in the world, which is the country with the highest imprisonment rate and the largest number of prisoners in the world. According to the report "Ten Statistics on Mass Imprisonment in the United States and Its Impact" released by the American public policy think tank "Prison Policy Initiative" in October 2023, about 2 million people are detained in federal and state prisons and immigration detention facilities in the United States every day, and about 3.7 million people are subject to community supervision such as probation and parole. According to a report released by the University of Chicago Law School and the American Civil Liberties Union in June 2023, American prison workers create billions of dollars worth of goods and services every year, and most States pay prisoners an hourly wage of only 2% to 3% of the federal minimum wage in the United States, and some States don’t even get any remuneration. The Prison Policy Initiative reported on March 14, 2023 that the work of prisoners in American prisons is compulsory, and imprisoned "workers" have almost no rights and protection. Prisons force prisoners to work with low pay or no pay and no benefits, and at the same time charge them for necessities, so that prisons can transfer the cost of imprisonment to prisoners.

  Party struggles continue to intensify. The struggle between the two parties in the United States is fierce, and the two parties have also fallen into a stalemate of fragmentation and polarization. In January 2023, on the opening day of the 118th U.S. Congress, the House of Representatives suffered a crisis of "dystocia of the Speaker". After 15 rounds of seesaw voting, the House of Representatives elected a new speaker. In April, 2023, Tennessee Parliament expelled members Justin Jones and Justin Pearson on the grounds that they supported the local people’s demonstrations calling for strengthening gun control after a school shooting incident, which caused an uproar in politics. At the beginning of October, 2023, the Speaker of the House of Representatives suffered an unprecedented recall due to the failure to reach a consensus on major issues such as funding for the new fiscal year. Subsequently, the House of Representatives once again staged a more crazy farce of "the speaker’s dystocia" than nine months ago. Members of both parties competed for the position of Speaker for 22 days, regardless of the fact that the temporary appropriation for US federal expenditure was about to expire and the federal government was facing a crisis of closure. Because there is no speaker, the House of Representatives is in a state of suspension, thus interrupting the normal political agenda of the United States. On December 28th, 2023, The Economist published an article reviewing the chaos in American politics in 2023. The article commented that due to the busy infighting of political parties, the US Congress in 2023 did not pass much legislation, which is the least efficient Congress since the American Civil War.Perhaps the highlight of this year’s legislation is "Duck Ticket Modernization Act" (the main content of this bill is to amend a legal provision to make the hunting license of migratory birds electronic).

  The two parties continue to rig the election. Money politics is prevalent in the United States, and the scale of burning money in elections is expanding. According to public data, in 2023, the Democratic and Republican candidates who participated in the election of the governor of Kentucky spent $91 million on campaign advertisements, which was more than three times that of the last election of the governor in 2019. It was the most expensive election in 2023. The two parties in the United States continue to change their tricks to manipulate constituency redrawing and distort the expression of ordinary public opinion for the party’s personal gain. An empirical study on the redistricting of electoral districts in the United States since 2021 by Princeton University’s "Jerry’s Wandering" project shows that there are 16 States in the United States that have obvious manipulations in the division of congressional electoral districts, and 12 of them are "states that have seriously manipulated electoral districts as a whole". In 2023, new york, Florida, Georgia, North Carolina and other states successively carried out high-profile redrawing of the House of Representatives with obvious party interests, which directly related to the party ownership of more than one-fifth of the seats in the House of Representatives. Among the 26 seats in the House of Representatives in New York State, the Democratic Party occupied 15 seats and the Republican Party occupied 11 seats after the election in 2022. However, according to the new map of redistricting districts led by the Democratic Party in 2023, the Democratic Party can maintain 15 seats while forming strong enough competition in at least 6 constituencies controlled by the Republican Party. North Carolina’s 14 House seats are currently roughly evenly divided between the two parties.However, according to the arrangement of the Republican Party after redistricting in 2023, the Republican Party can maintain control of at least 10 constituencies, that is, 10 seats.

  The credibility of the government continues to decline. The general public in the United States are extremely disappointed with the Federation and governments at all levels, and most think that the United States is in the wrong direction. According to the survey data of Pew Research Center, American people’s trust in the federal government has been at a historical low for a long time, only 16% in 2023. According to the monthly survey conducted by Gallup polling agency, from January to December, 2023, 76% to 81% of Americans expressed dissatisfaction with the development trend of the country. In addition, 76% of Americans think that their country is in the wrong direction of development, and only 23% think that the United States is in the right direction of development. Young Americans are generally dissatisfied with the practice of democratic politics. According to a survey conducted by the Institute of Political Economy of American University in 2023, 48% of the respondents aged 18 to 34 believed that the American political system hindered them from realizing the American dream more. Young Americans are alienated from party politics and have a low willingness to vote. According to a study released by Tufts University, in the mid-term election of the US Congress in 2022, the turnout rate of young voters nationwide was only 23%.

  Second, the persistence of racism has far-reaching consequences

  The United Nations Human Rights Committee pointed out that racism in the United States still exists in the form of racial stereotypes, police killings and many human rights violations. Ethnic minorities in the United States face systematic, persistent and comprehensive racial discrimination, and racist ideology is widely popular in American society and spreads viciously to the international community.

  People of African descent face serious racial discrimination in the field of law enforcement. On January 3rd, 2023, Kenan Anderson, a 31-year-old African-American man in Los Angeles, was suspected of causing a traffic accident. During the process of subduing him, the police hit him six times with a stun gun, causing him to have a heart attack and died in hospital. On January 7, 2023, the police in Memphis, Tennessee stopped Tyr Nichols, a 29-year-old African-American man, for "reckless driving" and brutally beat him for several minutes. Three days later, Nichols died of his injuries, and the investigation afterwards could not confirm the police’s statement that he was "reckless driving". These two cases of African-Americans killed by police violence in law enforcement have attracted the attention of many UN experts. Experts stressed that in the two incidents, the use of force by the police violated the international norms to protect the right to life and prohibit torture and other cruel, inhuman or degrading treatment or punishment, and was also inconsistent with the United Nations Code of Conduct for Law Enforcement Officials and the Basic Principles on the Use of Force and Firearms by Law Enforcement Officials. After a field visit to the United States, the international independent expert mechanism of the United Nations Human Rights Council to promote racial justice and equality in law enforcement pointed out that systematic racism against African-Americans has penetrated into the American police force and criminal justice system. African-Americans are three times more likely to be killed by police and 4.5 times more likely to be imprisoned than whites. In more than 1,000 police killings each year,Only 1% of the police involved were charged. The report warns that many killings will continue if the United States does not reform the rules on the use of force by the police in accordance with international standards.

  Hate crimes against African-Americans are frequent. The Associated Press reported on August 29, 2023 that a masked white man shot and killed three African-Americans in Jacksonville, Florida, and the gunman committed suicide after making racist remarks. The USA Today website reported on August 29, 2023 that African-Americans became more and more uneasy after many shootings against them. Benny Thompson, former chairman of the House Homeland Security Committee, pointed out that racial attacks, including the Jacksonville shooting, highlighted the growing trend of violence against African-American communities. According to the statistics of hate crimes released by the Federal Bureau of Investigation in October 2023, there were 3,424 hate crimes against African-Americans in the United States in 2022. According to the report released by the Attorney General’s Office of California on June 27th, 2023, the number of hate crimes against African-Americans in the state increased from 513 in 2021 to 652 in 2022, an increase of 27.1%.

  African-Americans face serious racial inequality in the medical field. According to the report released by the United Nations Population Fund in July 2023, the maternal mortality rate of African Americans is higher than that of all other ethnic groups and groups because of systematic racism in the health care system. According to the data of the US Centers for Disease Control and Prevention, 69.9 African-American pregnant women die every 100,000 during pregnancy or childbirth, almost three times that of white women, and this difference is common among African-American women with different education and income levels. The mortality rate of African-American babies in the United States is also the highest among all ethnic groups, with nearly 11 deaths per 1,000 live births, which is about twice the average mortality rate.

  对非洲裔种族迫害的赔偿遥遥无期。美国南北战争结束不久后,美国政府承诺向曾被奴役的每一个非洲裔家庭进行赔偿,但一百多年来这一承诺从未兑现。1989年,美国众议院非洲裔议员约翰·科尼尔斯提出“研究和制定非洲裔美国人赔偿提案委员会法案”(H.R.40法案),但这一法案数十年来从未进入过国会表决程序。1921年,美国俄克拉何马州塔尔萨地区发生针对非洲裔的种族屠杀事件,导致数百人遇害。为塔尔萨大屠杀最后3位已知幸存者争取赔偿的诉讼仍未定案,而其中年龄最低的幸存者休斯·范·埃利斯已于2023年10月去世。皮尤研究中心2023年8月10日发表的报告显示,83%的非洲裔美国人表示,美国政府所做的确保平等的努力还远远不够。许多不满美国政治和种族歧视的非洲裔选择离开。离开美国的非洲裔在葡萄牙、加纳、哥伦比亚和墨西哥等地建立了新的社区,这已然成为一种名为“Blaxit”的潮流(“Black”和“exit”的结合),并在社交媒体上广泛流传。他们高呼:“美国配不上我!”

  Discrimination against Asians has intensified. According to a survey released by the Pew Research Center on November 30, 2023, nearly 60% of Asian Americans said that they faced discrimination because of race or ethnicity. A survey conducted by the Associated Press found that 51% of Asians and Pacific islanders believe that racism is an "extreme" or "very serious" problem in the United States. A survey report jointly released by the School of Social Work of Columbia University and the NGO committee of 100 on April 27th, 2023 shows that nearly three quarters of Chinese Americans have suffered racial discrimination in the past year, and 55% of Chinese Americans are worried that hate crimes or harassment will endanger their personal safety.

  The persecution of Chinese scientists continues. Although the American government’s "China Action Plan" for Chinese-American scientists has been suspended, its far-reaching influence still exists, and many Chinese-American scientists still have a strong sense of insecurity. On March 23rd, 2023, Science magazine published an article about the persecution of Chinese scientists by China Action Plan. Of the 246 people surveyed by the National Institutes of Health, 103 lost their jobs, and more than one-fifth of them were banned from applying for NIH funding within four years, which dealt a great blow to their academic careers. Among these 246 people, 81% scientists are Asian. A survey by Princeton University, Harvard University and Massachusetts Institute of Technology on nearly 1,400 Chinese-Americans who hold tenured positions in American universities shows that 72% of them feel insecure and 42% are afraid to conduct research in the United States.

  China students studying in the United States experience nightmare treatment at the US Customs. In recent years, the U.S. government has constantly generalized the so-called "national security" concept, politicized and weaponized academic research, and fabricated various excuses to block international exchanges and cooperation in humanities and science and technology. On January 11th, 2024, China Science reported that many China students were subjected to unreasonable difficulties and inhuman treatment at the US Customs, and they were caught in the dilemma of not finishing their studies as scheduled. Meng Fei (pseudonym), a student studying in China, was detained by the US Customs twice for 20 hours at Washington Dulles International Airport on December 19, 2023, and was detained for 5 hours while waiting for a connecting flight in Los Angeles, and then repatriated. During this period, she was not only forced to sign "accept repatriation" under the guidance of the censor and under the watchful eye of two policemen armed with guns and electric batons, but also was searched in a humiliating way and kept in solitary confinement for 12 hours. Cindy Wei (pseudonym), a China student from Hopkins University, was also told to be repatriated by the US customs inspector at Dulles International Airport on November 24, 2023, on the grounds that his visa was cancelled by the US Embassy in China two days before his entry. However, Cindy Wei contacted the US Embassy in China many times after returning to China, but was told that his visa was not revoked by the Embassy, but decided by the US Customs. Many foreign students from China who had the same experience said that their transcripts at the US Customs had been intentionally or unintentionally tampered with. They sought help from all walks of life to complete their studies, and even if their American school contacted the customs, they did not get any effective reply.Some people have to choose to drop out of school.

  Infringement on the rights of Indian aborigines has not disappeared. The Associated Press reported on November 6, 2023 that for more than 150 years, Indian aboriginal children were taken away from their communities and forced to enter boarding schools, which abused students to assimilate them into white society. The trauma caused by these schools has spread to generations, contributing to problems such as alcoholism, drug addiction and sexual abuse. CNN reported on November 22, 2023 that for hundreds of years, Indian aborigines have been living under cultural oppression, and their religious beliefs and traditional customs have been ruthlessly strangled. In August 2023, an 8-year-old Indian boy was forced by the school to cut off his long hair. However, according to the cultural tradition of the Wyandotte nationality to which the boy belongs, they only cut off their long hair when their loved ones die. According to the report released by the National Institute of Environmental Health Sciences on November 20th, 2023, compared with Americans of other ethnic groups, the health status of Indians and Alaska aborigines is poor for a long time, and the low life expectancy and heavy medical burden of aborigines are common problems. Trula Ann Bruninger, CEO of Native American Connection, said that there is a serious shortage of medical insurance funds for Indian aborigines. Although the US federal government has provided medical insurance for aborigines, there is a gap between funds and actual needs. The Indian Health Service under the U.S. Department of Health and Human Services provides federally funded medical care for nearly 2.6 million Indian aborigines.But this figure is less than 50% of the national Indian and Alaska Native population. Compared with other ethnic groups, American Indians and Alaska Native Americans have the highest proportion of lack of medical security.

  Ethnic minorities encounter workplace discrimination. The "Report on Interview Experience of Job-seekers in 2023" released by a recruitment software company named "Greenhouse" in the United States shows that the discrimination in the recruitment process is "quite worrying". 34% of job seekers have encountered discriminatory problems in the interview, and nearly one-fifth of job seekers have tried to change their names in their resumes to avoid being affected by discriminatory recruitment behavior. Among the job seekers who changed their names, 45% wanted to sound "less ethnic". On April 23, 2023, the website of the British Guardian revealed that the US government has deliberately evaded the responsibility of labor protection and squeezed minority workers for decades. New york’s colored ethnic care workers are not only forced to work for long hours, but also their salaries are deducted. Many nursing workers suffer from insomnia, chronic diseases and other diseases, causing serious harm to nursing workers and their families. Ethnic minority workers have been trying to fight for rights protection through various channels, but they have achieved little success under the obstruction of some interest groups. Vauxnews reported on June 12, 2023 that in the United States, African-Americans have always earned less than whites. This difference means that under the influence of racial discrimination, the time value of African-Americans is obviously lower than that of whites. In order to make up for the wage gap caused by discrimination, African-American workers must work 2.7 hours more every day.

  Racist ideology spreads viciously in the United States and overflows across borders. With the worsening of racism in the United States, the spread of racist ideology and speech has also shown a new trend. Racists have opened up a new communication space on the Internet, and used social media, music, games and other platforms to extensively infringe and harass ethnic minorities. In May 2022, Peyton Maurice Gendron, a white gunman who killed 10 African-Americans in a supermarket in Buffalo, new york, posted a message on the game chat application community that a game on a certain game platform had a great influence on his radical behavior. In July 2023, a 14-year-old white boy from Massachusetts tried to drown an African-American boy "for racial motives". At the time of the incident, other white boys present joked that the victim was "George Freud". Racism in the United States has shown a trend of transnational proliferation and has become a major exporter of extreme racism, which has aroused the vigilance of many countries. Bruce Hoffman and Jacob Weil, researchers of the American Council on Foreign Relations, published the article "American Hatred Spread to the World" on the website of Foreign Affairs magazine on September 19, 2023, saying that the United States has become a typical country exporting extreme right-wing extremism and terrorism. Conspiracy theories, racial superiority, anti-government extremism and other forms of hatred and intolerance have spread so seriously in the United States.So that some countries have labeled some American groups and citizens as foreign terrorists.

  Third, economic and social inequality is increasing.

  The United States not only lacks constitutional provisions on the right to work, education and health, but also refuses to ratify the International Covenant on Economic, Social and Cultural Rights. The poor are classified as "poverty trap" because of their laziness, and their economic, social and cultural rights are stigmatized as "welfare cheese". The phenomenon of "worker poverty" is widespread, and the polarization between the rich and the poor has further expanded.

  The gap between the rich and the poor has widened further. The gap between the rich and the poor in the United States has reached the most serious level since the 1929 economic crisis. According to the data released by the global statistical database on November 3, 2023, the poverty rate in the United States in 2022 was as high as 11.5%. According to the Federal Reserve survey, as of June 2023, the excess savings of the bottom 80% households in the United States have been exhausted, but among the richest 20% households, the cash savings are still about 8% higher than when the COVID-19 epidemic broke out. In the third quarter of 2023, 66.6% of the total wealth in the United States was owned by the top 10% of the income. In contrast, the lowest income 50% people only own 2.6% of the total wealth. Matthew Desmond, an American economist, hit the nail on the head and pointed out that in 2023, most Americans were working hard. However, the rich were getting richer and richer, and those struggling at the bottom of society were trapped in deep-rooted poverty. Opportunities in American society are hoarded and social mobility is reduced, which is rooted in three institutional designs: exploiting the poor, subsidizing the rich and separating classes.

  The problem of "worker poverty" is prominent. Structural changes have taken place in the labor market in the United States, and low-paying jobs and lack of supervision are widespread. There are a large number of "working poor" who work all day long, but their wages are difficult to maintain their basic livelihood and lack due social security. The minimum hourly wage in the United States has not been raised since 2009. According to data from the US Department of Labor, there are still 20 states maintaining the federal minimum hourly wage in 2023. There are 11.5 million low-income working families in the United States, and more than 29.9 million Americans, including 14.8 million children, live in these low-income working families. The disparity in income growth between labor and capital has led to a large-scale strike in many industries. In 2023, the most widespread strike wave occurred in the United States since the 21st century, with large-scale strikes in many industries including film and television, manufacturing, medical care and media. Benjamin Newman, an associate professor at the School of Public Policy and Politics of the University of California, commented that the "working poor" trapped in structural poverty lack equal opportunities and are hard to move upward, which greatly reduces their belief in the "American Dream".

  It is difficult for low-income families to meet their basic needs. The price level in the United States remained high in 2023, and with the burden brought by the continuous interest rate hike, the living expenses of Americans continued to rise for several years. According to the consumer price index of the Bureau of Labor Statistics, the purchasing power of one dollar in 2023 is only 70% of that in 2009. Low-income families can hardly meet the basic needs of life such as food, rent and energy, and even run out of savings and are heavily in debt. According to a joint survey conducted by the Financial Times and the Ross School of Business of the University of Michigan in 2023, 74% of American respondents said that rising food prices had the greatest impact on their financial situation. According to the Household Debt and Credit Report released by the Federal Reserve on November 7, 2023, the household debt in the United States reached a historic $17.29 trillion in the third quarter of 2023. Credit card default rate and serious default rate (overdue for more than 90 days) reached the highest level since the end of 2011.

  The number of homeless people has reached a 16-year high. According to a report released by the U.S. Department of Housing and Urban Development on December 15th, 2023, there are more than 650,000 homeless people in the United States at this stage, a record high since statistics were available in 2007. Among them, 40% homeless people can only live in streets, abandoned buildings or other harsh environments that lack shelter. Homeless people not only struggle to survive, but also face higher and higher risk of criminal conviction. A study by the National Homeless Law Center found that more and more cities in the United States are actively legislating to punish the homeless. From 2006 to 2019, the laws prohibiting camping in public places in the United States increased by 92%, the laws prohibiting sleeping in public places increased by 50%, the laws prohibiting sitting and lying in public places increased by 78%, the laws prohibiting wandering in public places increased by 103%, and the laws prohibiting living in vehicles increased by 213%. According to these laws, it is illegal for homeless people to sleep, camp, eat, sit and beg in public places. The authorities have the right to expel them from public places, confiscate their property and isolate them in collective shelters or prisons that are usually unhygienic and inhuman. This violation of the basic human rights of the homeless in the United States has been widely criticized. The United Nations Human Rights Committee urges the United States to abolish laws and policies at all levels that criminalize homelessness and take legislative and other measures to protect the human rights of the homeless.

  A large number of families face food shortage. The disparity between the rich and the poor, the poverty of workers and the lack of social safety net have led to the resurgence of hunger and food insecurity in the United States. According to a report released by the US Department of Agriculture, nearly 13% of American families are in the predicament of food shortage in 2022, which is much higher than that in 2021. This means that 44.2 million Americans live in families with three meals, including 13 million children.

  Drugs and drug abuse continue to spread. Interest groups use party struggle and money politics to trade money and power, and promote the legalization of marijuana into a spreading trend. As of November 2023, 24 states in the United States have legalized recreational marijuana. According to the research of Mingchang Group, an American cannabis market research organization, the annual sales of the American cannabis market is estimated to exceed $31.8 billion in 2023 and will increase to $50.7 billion in 2028. According to a report released by the National Institutes of Health in August 2023, the number of adults aged 35 to 50 in the United States who smoked marijuana and used hallucinogens in 2022 was 28% and 4%, respectively, reaching the highest level in history; Among the young people aged 19 to 30, 44% have smoked marijuana within one year, 11% have smoked marijuana every day, and 8% have used hallucinogens. According to a survey conducted by the US Bureau of Substance Abuse and Mental Health Services, in 2022, 70.3 million Americans over the age of 12 abused drugs, of which 61.9 million smoked marijuana. According to a survey released by the University of Michigan in December 2023, in 2023, 10.9% of eighth-grade students, 19.8% of tenth-grade students and 31.2% of twelfth-grade students in the United States abused drugs.

  The suicide rate continues to climb. The USA Today website reported on November 29th, 2023 that the suicide rate of Americans has been rising continuously in recent ten years. In 2022, there were 14.3 suicides per 100,000 people, reaching the highest point since 1941. According to the report released by the US Centers for Disease Control and Prevention in 2023, it is estimated that 49,449 people died of suicide in 2022, an increase of 2.6% over 2021. From 2018 to 2021, the suicide rate of people of African descent aged 10 to 24 increased by 36.6%, the largest increase among all age groups.

  Fourth, the rights of women and children have been continuously violated.

  So far, there is no prohibition of gender discrimination in the US Constitution. Gender discrimination in the workplace is serious, and the income gap between men and women is widening. The protection of women’s right to life and health is insufficient. The maternal mortality rate continues to be the highest in developed countries, and the prohibition of abortion seriously damages women’s reproductive rights and health rights. Sexual violence in the workplace, campus and other fields emerges one after another. Children’s rights to survival and development are worrying. The number of poor children has soared, a large number of children’s medical insurance has been cancelled, and children’s right to health has been seriously threatened.

  The constitutional provisions prohibiting gender discrimination have long been absent. Driven by the surging civil rights movement in the 1950s and 1960s, the legislative action to amend the American Constitution to guarantee equality between men and women was put on the agenda in 1972, but it has not been realized after more than 50 years. In April 2023, the US Senate rejected a proposal to amend the Constitution to achieve gender equality. The Human Rights Committee of the United Nations regrets that the Constitution of the United States still lacks a safeguard clause prohibiting gender discrimination.

  Maternal mortality is the highest in industrialized countries. The maternal mortality rate in the United States is the highest among industrialized countries, and far exceeds other industrialized countries. A study published in the Journal of the American Medical Association in July 2023 shows that the number of maternal deaths in the United States has more than doubled in the past 20 years. More than 2.2 million American women of childbearing age have no access to obstetric care, and another 4.8 million women of childbearing age live in areas with insufficient obstetric care resources. In Alabama, about 39% of counties have no obstetric service provider, and more than 240,000 women live in counties with little or no obstetric care guarantee.

  The prohibition of abortion has dealt a devastating blow to women’s reproductive rights and health rights. In 2022, the Supreme Court of the United States made a judgment to overturn the protection of women’s right to abortion, which caused a devastating blow to the legal protection of millions of women’s right to health and reproductive health care. As of December 2023, at least 21 states in the United States have banned or severely restricted abortion. In these 21 States, medical services for abortion are basically unavailable. United Nations experts pointed out that the judgment of the United States Supreme Court deprived women and girls of their basic human rights to comprehensive medical care, including sexual and reproductive health, which violated international human rights law. The laws of some states consider it a crime to provide or seek abortion care. These laws restrict women from seeking abortion care in other states and prohibit medical abortion.

  Violence against women exists in many fields. The United Nations Human Rights Committee pointed out that violence against women, including domestic violence and sexual violence, persists in the United States. Sexual violence against women and girls is widespread in American schools, higher education institutions and the armed forces. A survey of California State University, the largest public university in the United States, shows that sexual violence is generally condoned in its 23 campuses. Most of the administrative staff of the school did not investigate the allegations of sexual assault received; In a few cases investigated, no action is taken even if the defendant is found to be at fault. From 2018 to 2022, at least 1,251 employees of the school were accused of sexual harassment, and only 254 cases were investigated. Scandals of sexual assault continue to break out in volleyball, football, softball, baseball and other sports of Northwest University, and whistleblowers claim that sexual abuse and racial discrimination are rampant in these sports. According to data released by the Federal Bureau of Investigation, more than 600 American women are shot by intimate partners every year, and one person is shot every 14 hours.

  Gender discrimination in the workplace is serious. The wage gap between men and women continues to widen. The British "Times" website reported on August 8, 2023 that the wage gap between men and women in the United States has expanded from 20.3% in 2019 to 22.2% in 2022. Pregnancy discrimination is widespread. The website of The Independent reported on May 11th, 2023 that according to the data of the Equality and Human Rights Commission, about 54,000 women in the United States lose their jobs every year because of pregnancy discrimination.

  There has been a sharp increase in child poverty. According to the report released by the US Census Bureau in September 2023, in 2022, the number of poor people in the United States surged, and more than 5 million children fell into poverty, and the child poverty rate more than doubled. This is the largest annual increase in the number of poor children since records began. One of the important reasons is that the United States government canceled the child tax credit program, which made children fall into poverty again.

  A large number of children’s medical insurance was cancelled. From April to October 2023, more than 10 million adults and children were excluded from the medical insurance subsidy program by the US federal government. Camille Richu, director of health policy of Arkansas Children and Family Advocates, said: "The US government’s re-evaluation of the eligibility of medical insurance subsidies is not to determine who is eligible, but to try every means to kick people out of this plan." The health status of children has been significantly affected by this change. At least 1.8 million children have been deprived of medical insurance subsidies in 20 states with age data.

  Thousands of foster children go missing every year. An audit published by the US Department of Health and Human Services in 2023 found that 46 states reported about 34,800 cases of missing foster children. According to data from the National Center for Missing and Exploited Children, between 2018 and 2022, nearly 1,800 children in Georgia were missing, and more than 20% of them may be trafficked.

  Children in the juvenile justice system are subjected to inhuman treatment. In October, 2023, the investigation by the international independent expert mechanism of the United Nations Human Rights Council to promote racial justice and equality in law enforcement showed that the American criminal justice system was full of some unique inhuman practices. The United States is the only country in the world that sentences children to life imprisonment without parole. In Georgia, the head of child welfare agencies asked judges to detain children with mental and behavioral problems in juvenile prisons. Since October 2022, as many as 80 children have been taken to the Angolan prison in Louisiana, which is famous for its violence, and held in the cells of death row inmates awaiting execution. Although these children are separated from adult prisoners, they suffer from dangerous heat waves, are kept in prison for a long time, use sewage, and can’t get education.

  Cases of sexual assault on children are rampant. In early 2023, the Attorney General’s Office of Maryland released a report on the sexual abuse of children in Baltimore Archdiocese. The report recorded more than 600 cases of abuse. According to an analysis by the Associated Press, 19 of the 27 dioceses with a large African-American population in Baltimore’s archdiocese have been accused of sexual abuse by faculty members. However, victims of sexual abuse have little chance to speak. According to data from the Centers for Disease Control and Prevention, more than one in ten American girls said that they had been raped, and high school girls were "swallowed up by more and more violence and trauma".

  5. The tragic situation of undocumented immigrants is shocking.

  Party struggle has become the background of immigration policy. Politicians ignore the rights and well-being of immigrants and attack each other on the immigration issue, which is unable to improve the resettlement capacity of immigrants in border areas and has no intention to improve the living conditions of immigrants after entering the country. The immigration problem has fallen into a vicious circle of no solution. The humanitarian crisis in the border areas continues to intensify, the border policy encourages modern slavery, and the rights of immigrants are trampled on.

  The humanitarian crisis in border areas has escalated. The U.S. government has made a blank check on its immigration policy, which has caused the humanitarian crisis in the border areas to intensify. The southern border of the United States is listed by the International Organization for Migration as the deadliest land migration route in the world. El Paso Times reported on November 30, 2023 that in the 12 months up to September 30, 2023, 149 immigrants were killed in the border patrol area of El Paso alone. Among them, the number of female deaths has more than tripled compared with 2022. Border patrol officers sometimes find two or three bodies every day. A spokesman for the governor of Texas said that what happened in El Paso was the direct result of the chaos caused by the federal government at the border. Fernando Garcia, executive director of the El Paso Border Human Rights Network, accused that government agencies completely ignored the life value of immigrants; The death of immigrants originated from American policy, which is "policy death".

  The "pan-throwing" immigration farce was staged on a large scale. CNN reported on December 30, 2023 that since April 2022, Texas, where Republicans are in power, has sent more than 90,000 immigrants to Washington, D.C., new york, Chicago, Philadelphia, Denver and Los Angeles, where Democrats are in power. The website of Brock Club in Chicago reported on October 31, 2023 that since August 2022, more than 19,000 people have arrived in Chicago, which has overwhelmed the city’s reception system. Some immigrants, including children, can only be placed in temporary tents or even sleep in the streets. The Chicago Sun Times reported on October 14th, 2023 that John Yelis, a 6-year-old girl, lived in a temporary tent with an elderly person. With the coming of winter, the cold weather makes them in a difficult situation.

  Immigrants are subjected to torture and other inhuman treatment. In fiscal year 2023, the total number of immigrants arrested or deported at the southern border of the United States reached more than 2.4 million, a record high. The United Nations Human Rights Committee expressed concern about the long-term detention of immigrants in the United States, criticizing the harsh conditions and overcrowding in detention centers in the United States, and the detainees could not get food, water and medical services, resulting in many deaths, including children. There are human rights violations such as sexual violence, long-term solitary confinement and abuse in public and private immigration detention facilities. The British Guardian website reported on December 6, 2023 that the Stewart detention center in Lampkin, Georgia, operated by American private prison company CoreCivic, has many worrying problems, such as long-term solitary confinement, sexual abuse, medical negligence and forced labor. On February 15th, 2023, the Innovation Law Laboratory released a report, which revealed that the detention center in Torrance County, Estancia, New Mexico, operated by CoreCivic, tortured detainees. At night, every 15 minutes, a guard walks through these rooms with the radio on at full volume, knocks on the door loudly and shines into the room with a flashlight to wake anyone who may fall asleep. In cold weather, the ventilation ducts in every room blow cold air all night. Some people tried to cover the vents with toilet paper or blankets, but the guards took anything to keep out the cold air. In these cells, toilet sewage and feces overflowed, and people were forced to sleep on the stinking floor.

  Border policy encourages modern slavery. The U.S. government’s border policy aggravates the problem of human trafficking. Migrants who are abandoned in towns in border States or transported to all parts of the country are often isolated and vulnerable to exploitation and trafficking. Children who illegally cross the border and gather in crowded and unsupervised shelters have also become prey for traffickers. Among the trafficked people in the United States, 72% are immigrants, most of whom enter the country illegally, and the victims of human trafficking are mostly women and children. A study by the Coalition against Trafficking in Women estimated that 60% of unaccompanied migrant children crossing the border were forced by criminal groups to engage in child pornography and even drug trafficking. On June 18th, 2023, USA Today reported that immigrants were lured by drug trafficking groups to farms in northern California and southern Oregon to engage in marijuana cultivation, and were enslaved and forced to work. Trafficked immigrants are threatened at gunpoint on marijuana farms and forced to work for 16 hours or more every day, sometimes without food. Migrant women were sexually assaulted, some were murdered and their bodies were abandoned in the wilderness. On July 27, 2023, CBS News reported that nearly 60 victims of human trafficking were smuggled to an illegal marijuana plantation in central California, forced to process marijuana, and repaid their debts to the smugglers.

  Migrant children are subjected to cruel forced labor and exploitation. The New York Times website published an article on February 25th, 2023, which revealed the fact that American factories illegally employed immigrant children and forced labor. According to the report, since 2021, about 250,000 unaccompanied immigrant children have entered the United States. In order to survive and repay the expenses of sponsors, most children are forced to work and exploited. Migrant child laborers are found all over the dangerous industries in dozens of states, such as construction sites and slaughterhouses. They often work night shifts and engage in dangerous jobs and become "shadow laborers" in the form of economic exploitation. The United States immigration authorities handed over the detained children to the "guarantor" to take them away without reasonable examination, which in fact became a conspiracy of human trafficking. In Alabama, a 12-year-old immigrant girl was forced to work all night in the auto parts stamping workshop; A 12-year-old child was arranged to build a roof the day after he came to Florida. A 13-year-old boy works 12 hours a day and 6 days a week in a chicken farm in Michigan. The legislature played the role of conniving at the exploitation of child labor. The report released by the American Institute of Economic Policy on March 14th, 2023 revealed that in 2023, Arkansas passed new legislation, which abolished the requirement that children have to get permission from their parents to work, and blatantly excused enterprises from hiring migrant children separated from their families.

  Six, American hegemony creates a humanitarian crisis.

  The United States has long engaged in hegemonism, unilateralism and power politics. Threaten global security and stability with military hegemony, wantonly intervene militarily, stir up regional situation, provoke proxy war, aggravate regional armed conflicts, impose unilateral sanctions indiscriminately, and commit illegal detention and torture in the name of counter-terrorism.

  Launch overseas wars and create lasting humanitarian disasters. According to the research report published on the website of the "Cost of War" project of Brown University in the United States in May 2023, after the "September 11" incident, the total death toll in the war zone of overseas "anti-terrorism" war in the United States was at least 4.5 million to 4.7 million, among which the indirect death toll caused by war destroying economy, environment, public services and health infrastructure was about 3.6 million to 3.8 million.

  Infringe on the sovereignty and human rights of other countries through the "foreign agent plan". In order to ensure sufficient funds and authority to support foreign armed forces in future operations, the US Special Operations Command promoted a piece of legislation, namely "1208", which was finally written into Article 127e of Volume 10 of the United States Code. According to this law, the U.S. Department of Defense can get a budget every fiscal year to support foreign troops, unconventional armed forces, organizations and individuals who assist the U.S. special forces in carrying out "anti-terrorism" operations. Catherine Jan Ebright, legal adviser of the Freedom and National Security Project of Brennan Judicial Center, pointed out that the U.S. Department of Defense recruits, trains and equips foreign troops and paramilitaries and individuals in accordance with Article 127e, pays them wages, creates agent troops and directs and controls them, so that they can pursue military goals on behalf of the U.S. military. According to the report published on the website of Brown University in September, 2023, the United States has carried out operations called "127e" in Afghanistan, Cuba, Iraq, Kenya, Mali, Somalia, Syria, Yemen, Egypt, Lebanon, Libya, Niger and Tunisia. The New York Times website reported on May 14, 2023, "127e"The project did not supervise and review whether the agent committed human rights violations such as rape, torture and extrajudicial execution when implementing the plan.

  Continue to provide weapons to conflict areas. According to the press release issued by the US Department of Defense on July 7, 2023, the additional military assistance worth $800 million provided by the United States to Ukraine contains a large number of cluster munitions. In response to a reporter’s question on July 7, 2023, Deputy Spokesman of the UN Secretary-General Huck said that UN Secretary-General antonio guterres hoped that all countries would abide by the Convention on Cluster Munitions and not continue to use cluster munitions on the battlefield. The website of the United Nations High Commissioner for Human Rights reported on September 20, 2023 that Alice Gil Edwards, Special Rapporteur of the United Nations Human Rights Council on torture and other cruel, inhuman or degrading treatment or punishment, sent an urgent letter to the US government in July 2023, warning that cluster munitions would cause serious harm to civilians. Washington post’s website reported on December 11th, 2023 that US arms flow into Israel for billions of dollars every year, and Israel used US-supplied white phosphorus ammunition in an attack on southern Lebanon in October, causing at least nine civilians to be injured. On October 18th, 2023, Josh Paul, the former director of the the State Council Bureau of Political and Military Affairs, published a column on the The New York Times website, pointing out that the United States provides at least $3.8 billion in military aid to Israel every year, and most of the most serious casualties in Gaza are caused by ammunition provided by the United States, condemning this military aid for ignoring human rights issues. American human rights organization "The Center for Constitutional Rights reported on November 16, 2023 that William Chabasse, an expert on genocide and the death penalty, accused the United States of failing to fulfill its legal obligations to prevent genocide and violating customary international law and the Convention on the Prevention and Punishment of the Crime of Genocide.

  The notorious Guantanamo prison is still in operation. The U.S. government has repeatedly promised to close Guantanamo prison, but it has repeatedly reneged. As of 2023, this notorious prison is still in operation. On June 26th, 2023, the UN Human Rights Council’s Special Rapporteur on the promotion and protection of human rights while countering terrorism, Fio Nuara Niolain, concluded his visit to Guantanamo prison, pointing out that there are still about 30 detainees in the prison, and every detainee has suffered continuous injuries and suffered cruel, inhuman and degrading treatment due to extradition, torture and arbitrary detention, so it is urgent to close the prison. The human rights of the vast majority of former detainees continue to be violated, and the US government has serious defects in providing the former detainees with the basic means needed for a dignified life, including legal status, medical care, education, housing, family reunion and freedom of movement. These defects violate the international law obligations of the United States before, during and after the transfer of detainees. On February 16th, 2023, Mansour Adelphi, an artist and activist who was arbitrarily detained in Guantanamo prison for more than 14 years, commented on Al Jazeera website: "After more than ten years of abuse, the United States simply abandoned us without providing any support, care or compensation."

  Long-term and indiscriminate unilateral sanctions have caused serious humanitarian consequences. Since 1950, the United States has used the most sanctions in the world. According to the data released by the US Treasury Department on December 28th, 2023, there are more than 20 countries sanctioned by the United States. On November 1, 2023, a spokesman for the 78th United Nations General Assembly pointed out that the economic, commercial and financial blockade imposed by the United States against Cuba violated the Charter of the United Nations and had a devastating impact on the Cuban people. The United Nations General Assembly adopted a resolution on November 2, 2023, once again urging the United States to end the economic, commercial and financial blockade against Cuba for more than 60 years. This is the 31st consecutive year that the United Nations General Assembly has adopted a similar resolution. On January 28, 2023, the United Nations High Commissioner for Human Rights, Volcker Turk, said after her visit to Venezuela that the sanctions imposed by the United States since 2017 have aggravated Venezuela’s economic crisis and seriously hindered the realization of human rights. The "American Conservatives" website reported on June 1, 2023 that US sanctions further aggravated the poverty of the Syrian people. 70% of Syria’s population is facing food shortage, of which 12 million people have no meals and 2.9 million people have no food. On February 14th, 2023, Alena Duhan, Special Rapporteur of the UN Human Rights Council on the negative impact of unilateral coercive measures on human rights, pointed out that the US sanctions against Iran reduced the chances for thalassemia patients to import life-saving drugs from abroad, which led to the increase of complications and mortality of Iranian patients.It is a violation of the right to health. The United Nations Human Rights Council adopted a resolution on April 3, 2023, pointing out that unilateral coercive measures will have a far-reaching impact on the human rights of the broad masses of people in the target countries, especially on the poor and the most vulnerable. The resolution condemns the continued unilateral application of unilateral coercive measures by some big countries. The United States voted against the resolution.

  tag

  At present, human society is facing unprecedented challenges, and the world once again stands at the crossroads of history. All kinds of human rights problems in the United States not only alienated human rights into the privileges enjoyed by a few people in the United States, but also seriously threatened and hindered the healthy development of human rights in the world.

  Quality is better than China, and deeds speak louder than words. Whether we can solve the dilemma of human rights in the United States with ideas and measures that conform to the characteristics of the times and the historical trend, the American people are looking forward to it, the international community is watching it, and the US government has to answer it.

Don’t eat dirt next year, a guide to financial planning for "the last payer"

The 12th year of "Double Eleven" came earlier than previous years. This year, we took the route of "deposit+final payment".

At 0: 00 on October 21st, Tmall Double Eleven Shopping Carnival officially opened for pre-sale. It is reported that on the evening of 20th, the number of online viewers in Viya and Li Jiaqi reached 140 million and 160 million respectively. On the 21st alone, the sales guided by KOL, the two live heads, exceeded 9 billion yuan. From November 1 ST to 3 rd, the first wave of final payment was started. By 1: 51, the turnover of hundreds of brands had exceeded 100 million yuan.

 

 

Overnight, the "down payer" became the "down payer". Are you one of them? Do you have impulsive consumption behavior and intend to become a "refund person" after receiving the goods?

When the passion of shopping spree fades, instead of teasing ourselves about "Come on, credit card holders", let’s take a look at how to establish the correct concepts and methods of financial management and consumption, learn to build a stable and safe financial foundation, planning and strategy, and make money "born" stably, so as to ensure that our lives are rich and our old age depends on it. This is the most effective and correct way for the "last payment people" to empty their shopping carts.

 

 

Eliminate prejudice and don’t talk about "money"

Some prejudices are closely intertwined with our culture, so they have been internalized into our own views. According to a study conducted by Fidelity in 2016, although most female respondents (80%) said that they deliberately avoided discussing financial issues with the people closest to them. Why? About one-third of people think the following descriptions are true: "I don’t feel well" or "I was taught not to talk about money since I was a child".

At the same time, according to a study conducted by Prudential in the UK in 2016, many women "admit that they are not familiar with financial products and the industry terms describing such products, and feel that they just don’t know what to consider when evaluating alternative financial schemes". They said that they just didn’t have time to understand clearly.

These are all nonsense. If all kinds of financial products confuse you, start by setting up a separate savings account. Think you don’t have time? Get up an hour early every day. You have money, brains and time to change your financial status. Women must know how to make money, save money, make property plans, make investments, maximize the use of money, increase wealth, enjoy wealth and share wealth.

Basic knowledge preparation of financial management: what are net worth, "foundation", "wings" and debt?

We often regard budget and income as the most important aspects in financial management, which means that we have not seen the overall situation, let alone mastered the deep thinking and technology that create things with lasting value.

What’s important, that your overall financial security and your life depend on it?

This golden precious word is: net worth. Together, these two words are the golden key to your personal finance and long-term happiness. Net worth is essentially your real overall value. Add up what you have and deduct what you owe. Its focus is not on short-term income and budget, but on the foundation and wings that support and inspire you for a long time.

What exactly do "foundation" and "wings" mean?

"Foundation" is your basic and main asset; The foundation is your long-term investment project, your retirement pension, real estate, stock securities, and possibly a successful company you own; In some cases, it may also be valuables such as works of art and jewelry. The foundation grows slowly over time. You can’t easily and quickly turn it into cash and spend it at will. They need your regular and periodic attention. Strong long-term assets are the key to net worth because they are difficult to erode. Another reason is that they can accumulate value over time, bring compound interest and make you Qian Shengqian. Properly handled, they can provide protection, just as a strong root system can firmly stabilize a tree.

 

 

"Wings" represent your income and your ability to get cash. How high and how far you can fly depends on how much money you have in the money market and savings account, as well as how you spend and use credit. By the amount and frequency of your income and the financial habits that affect your daily life, you can measure your wing width. If used properly, your wings will nest on the foundation with your regular income and any unexpected wealth, fund your foundation and protect it. But wings will also give you the impulse and confidence to take off, and let you soar freely and enjoy life, no matter which direction you choose.

Debt is another common obstacle to improving net worth. Not the debt itself, because most of us have some debts to some extent. What it means is: if your foundation and wings can’t bear your debt burden, then your net worth is negative. That’s the truth.

To calculate your net worth, add up all the assets (what you own) and subtract the loans and liabilities (what you owe on credit) to get your net worth. Reduce debt and increase assets, and your net worth will increase. When you owe less on credit than you have, you begin to own assets. You are moving in the right direction, which is what you need to concentrate on.

Foresight, enjoyment, parenting, independence and production, how to match the five financial types?

Now you have a general understanding of the basic knowledge of financial management, such as the main basic types, but other contents are meaningless until you know who you are and what kind of behavior you may have as an investor.

We all want financial freedom and comfort, but each of us is different. For example, do you long for stability, a beautiful home and integration into the community? If so, then owning a property is the right choice for you. If you haven’t settled down yet, you may consider moving to another city, so you may be more comfortable with long-term investments-you can monitor these portfolios from your mobile phone. In the final analysis, it is to know yourself. So, you must know who you are.

A set of psychological test tools about financial types mentioned in "Going through the Low Valley and Seeing the High Mountain" can let you know your financial talents, strengths and destruction modes. Everyone’s financial type is a combination of the following five, and one or two of them are dominant.

Below, let’s take a look at what type we belong to.

Forward-looking: balancing risks

Foresight people regard money as a tool for self-expression and a means to follow their inner passion, and a symbol of success. If you are a visionary, then you will drive yourself to turn what you love into work. Foresight people like others to realize their own value and invest in their own projects, and they may also take too many risks and suffer financial losses. The challenge faced by visionary people: everything is at risk for future returns, and the current benefits are not built in an orderly manner.

 

Tang Jing, an elite woman in the workplace in My First Half of Life, has a clear goal and outstanding ability. She perfectly integrates women’s career with the positive pursuit of money. Does she meet your vision of "foresight"?

 

A visionary TIPS:

Create a safety net

Must have short-term cash reserves. Review your expenses, work out your monthly expenditure baseline, and then try to save enough cash reserves that make you feel at ease (to ensure three months or a year’s expenditure) as your safety net.

Read the contract details

A visionary must read the contract details and do some due diligence before cooperating with investors and supporters. Make sure you know all the terms before signing. You can seek help from professionals such as lawyers or financial planners.

Don’t forget taxes

If you do part-time creative work while working full-time, make sure to set aside some savings to pay taxes, so that your creative work will not face any unexpected consequences.

Balance risks

We must understand the risks involved in investment projects and try to balance the risks in investment-consider diversified investment portfolios.

Suitable for far-sighted financial foundation: retirement account, self-founded company.

Hedonic: Feeling inspired, not down and out.  

Hedonists love money. They love consumption, and their main consumption targets are material goods, services and experiences. They may even enjoy saving money. Hedonic people seek a better life, and the standard of "superior" is defined by themselves. Challenges faced by hedonists: They usually want to enjoy themselves now, and it is difficult to postpone their enjoyment until later. They may start a sideline or work overtime so that they can buy experiences and luxuries that make them feel happy.

 

Mani, a floating king in Nothing But Thirty, has a monthly salary of 15,000 yuan, a monthly rent of 7,000 yuan and a credit card of 18,000 yuan for travel upgrade. Some people say that this is "exquisite and poor" with the characteristics of "hedonism". What do you think of this?

 

 

 

Hedonic people TIPS:

Pay attention to conscious consumption targets.

Choose the items and experiences that you are eager to buy, and take them as goals to save. Make sure that both short-term and long-term goals are set. Concentrate on your reward system and let your savings inspire you, not make you feel down and out.

Save money before spending it.

Save automatically every month and open an internal "paycheck"-after you allocate the money for saving and fixed expenses, give yourself a salary and let yourself spend the money with peace of mind and freedom.

Review the expenditure in the past 3 -6 months, clearly understand your consumption items, and determine which are "core expenditures" or needs. Rank these pleasures in order of importance, and stick to this ranking table.

:: Rethinking priorities

Be careful about debt financing. If you are already in debt, give priority to those credit cards with the highest interest rate.

Financial foundation suitable for hedonism: retirement account, real estate.

Parenting: giving priority to others

Parenting people regard money as a tool to help others, whether it is their partner, children, family, colleagues, employees or the community. Their first task is to support their families well. If you are a nurturing type, then you value interpersonal relationships most, and you will consider others when making financial decisions. If your main concern is to care for others and cultivate relationships, then you belong to the nurturing type. Parenting people may inadvertently invest too much money in supporting others, so that their financial needs can not be met. The challenge for nurturing people: give priority to and continue to invest in themselves.

 

Fan Shengmei in Ode to Joy is a senior HR in a foreign company. She has a strong ability to be loyal to others, but she is forced to support her family and bear great financial pressure. This passive "nurturing type" should arouse the reflection of women and the whole society.

 

Parenting people TIPS:

Give priority to helping yourself to help others more.

Remember what the flight attendant said to you when you eagerly sent a text message and tried to shove your handbag under your feet: "Wear your own oxygen mask before helping others."

Don’t get into debt for others.

Don’t use credit cards to raise money to buy gifts or lend money to your loved ones. If you find yourself helping many people solve economic problems, then you need to redefine what an emergency is and set clear boundaries.

Give priority to yourself and maintain healthy interpersonal relationships.

Develop a funding budget

Make a goal-oriented plan, so that you can support people and causes you trust without getting into danger.

Financial foundation suitable for parenting: retirement account, real estate.

Independent type: attaching importance to autonomy

Independent people attach great importance to freedom and autonomy. If you are independent, it is important for you to live in your own way and pursue happiness freely. Independent people often don’t think much about money unless it prevents them from getting the life they want. Independent people may have an attitude of "easy come, easy go" towards money, but this is because they have resources-they look at the overall situation and are confident that they can play money games. At the same time, independent people may inadvertently lack attention to money, resulting in some avoidable financial problems. The challenge for an independent person is to realize the real function and influence of money-and its various possibilities.

 

Andy in Ode to Joy is an investment company executive and business elite. He is confident that he can play money games without being tied down and attaches importance to autonomy. He is a typical "independent type".

 

More ambitious plans for independent people:

Rethink your view on money.

Leave detailed analysis and planning to others, so as to reduce some pressure and anxiety caused by financial decision-making and planning.

Try socially responsible investment.

If you feel that investment is too corporate, and the scale is easy to fail, then you can consider socially responsible investment. After screening, your portfolio will exclude stocks of companies that are contrary to your values.

[Editor’s Note: socially responsible investment (referred to as "SRI") is an investment model that unifies investment decisions with economy, society and environment, aiming at prompting investors to consider social welfare, economic development, world peace and environmental protection in addition to traditional monetary returns]

Take a step towards a more secure future.

Save now and make good use of relevant policies, so in the future, you may not have to continue working, but have the ability to sail with the wind. If you are self-employed, do some research (or hire a financial planner) and make the best retirement plan. If the company you work for offers a retirement plan, set it to automatically pay a considerable amount to it.

Set to automatic driving mode

The more you can put your savings and expenses, especially bill payment, into autopilot mode, the more time you have to enjoy a quality life.

Suitable for independent financial foundation: investment, self-founded company.

Production: Structure and Control

Productive people like to acquire, manage and accumulate money, but they are afraid of heavy losses in money or losing control of money. They will systematically evaluate their financial decisions. If you are very strategic and like planning, then you are probably a production type. You can understand spreadsheets and practical goals, so most types of foundations are suitable for you, except running a company. First, you should concentrate on building retirement savings. Then, you can get in touch with real estate and investment. Challenges faced by productive people: being too rigid about what is possible or can be done.

 

Nothing But Thirty’s Gu Jia Shuangshang has strong online ability, is very strategic and loves planning, and keeps the company in good order with the characteristics of "production"

 

More ambitious plans for productive people:

Establish a moderate safety net

Compound interest may make you overexcited and put too much money in the bank. Clearly understand how big the safety net you really need, and then build a portfolio to make the rest of your savings more useful to you.

Don’t lose money (because of inflation)

After establishing short-term savings funds, consider investing in a portfolio that fits your investment period, future goals and risk tolerance level. You don’t have to jump from super conservative to super enterprising, you just need to work with professionals to understand how your portfolio should be improved.

Freelancers, plan for the future.

If you are self-employed, make sure that your retirement plan allows you to maximize the growth brought by deferred tax payment. If the company you work for has a retirement plan, reconfirm which funds you have invested in.

Financial foundation suitable for production: retirement account, real estate.

This article is compiled from "Going through the Low Valley and Seeing the High Mountain: A Guide to Financial Planning for Women" (by Amanda Steinberg, published by CITIC Publishing House in October 2020). The copyright belongs to the author and this book. Please indicate the author and the source of the work in the serialization.

 

Ministry of Education: China’s compulsory education quality monitoring pays attention to students’ all-round development

  BEIJING, July 25 (Xinhua)-The Report on the Quality Monitoring of Compulsory Education in China has been officially released recently by the Quality Monitoring Center of Basic Education of the Ministry of Education (hereinafter referred to as the Monitoring Center). The monitoring center interprets this, saying that China not only regards Chinese, mathematics and science as the important subjects of national compulsory education quality monitoring, but also brings moral education, physical education and art into the monitoring field, which covers a wide range of disciplines, highlighting the importance of China’s monitoring for students’ all-round development.

  The following is the explanation of the monitoring center for the relevant situation and main characteristics of monitoring work:

  First, based on the national conditions of China, according to the curriculum standards to develop indicators and tools.

  Curriculum standards are the basic norms and quality requirements of the state for basic education courses, which reflect the basic requirements of the state for students at different stages in knowledge and skills, processes and methods, emotional attitudes and values. Different from international large-scale education evaluation projects, the quality monitoring of compulsory education in China is strictly based on the national curriculum standards, and the monitoring index system and tools fully reflect the basic requirements of the national curriculum standards. The results can help us understand the learning situation of Chinese students, and then accurately grasp the implementation and implementation of the national curriculum standards.

  In addition to strictly following the national curriculum standards, in the process of developing monitoring standards and tools, China’s monitoring system also systematically analyzed the relevant laws, regulations and policy requirements, went deep into the front line of education to conduct extensive research, and conducted several trial tests before the formal monitoring, so as to ensure that the monitoring indicators and tools are in line with the actual education and teaching, have wide applicability, and can comprehensively and accurately evaluate the development status of students in compulsory education in China.

  Second, advocate the educational concept of all-round development and highlight the ability orientation.

  Promoting the all-round development of students’ morality, intelligence, physique and beauty is an important goal and requirement of basic education in China. China not only regards Chinese, mathematics and science as the important subjects of national compulsory education quality monitoring, but also brings moral education, physical education and art into the monitoring field, which covers a wide range of subjects, highlighting the importance of China’s monitoring on students’ all-round development. At the same time, China’s monitoring adheres to the ability orientation, focusing on the test of students’ comprehensive application of knowledge and problem-solving ability, gradually guiding the whole society and the education system to optimize the training program, and devoting itself to the cultivation and promotion of students’ multi-level ability. In all disciplines and fields, tests based on real life situations are emphasized; In the monitoring of sports and art, the test of performance ability such as sports, singing and painting is emphasized.

  Third, pay attention to the monitoring of key related factors of education quality, and identify the focus of quality improvement.

  The quality monitoring of compulsory education in China not only pays attention to the quality of compulsory education, but also analyzes the key factors affecting the quality of compulsory education. In the process of demonstrating and selecting the indicators related to the quality of compulsory education, we should sort out and analyze the relevant educational policies of the Party and the state, comprehensively consult and systematically analyze the latest research progress, seriously study the hot and difficult issues and outstanding problems in China’s education, and focus on curriculum setting, condition guarantee, teacher allocation, subject teaching and school management in six monitoring disciplines, so as to provide a focus for improving education and quality.

  Taking scientific monitoring as an example, in addition to evaluating students’ scientific academic performance, we also investigated the curriculum, homework time, teachers’ academic qualifications, inquiry-based teaching behavior, and the use of educational and teaching resources, in order to find out the key factors that may affect students’ academic performance and provide more targeted and effective guidance and reference for education and teaching. For example, the correlation analysis shows that teachers’ inquiry teaching level is closely related to students’ scientific academic performance. Taking the fourth grade as an example, compared with teachers with low inquiry teaching level, the proportion of students with high inquiry teaching level who have reached the intermediate and above level is 9.7 percentage points higher, and the proportion of students who have reached the excellent level is 12.7 percentage points higher. The same rule also exists in physics, biology and geography in the eighth grade.

  Four, bring together high-level talents from many disciplines and fields to participate in the monitoring work.

  By building an open platform, the monitoring center has effectively integrated resources and strengths in related fields at home and abroad, providing important talent guarantee and intellectual support for the quality monitoring of national compulsory education. In 2015— During the first cycle of monitoring in 2017, more than 1,000 experts in education measurement and evaluation, curriculum and teaching theory, education policy and other fields, as well as local education administration experts, teaching researchers, primary and secondary school principals and front-line teachers were invited to participate in the selection of monitoring indicators in related disciplines and the research and development of monitoring tools; A team of more than 500 monitoring guides was selected and set up nationwide to participate in the supervision and guidance of monitoring implementation; More than 40 overseas experts from 20 countries, regions and international organizations were invited to provide technical consultation and professional services for monitoring. By bringing together experts from many disciplines and fields, the professionalism and sustainable development of monitoring are effectively guaranteed.

  Five, the use of advanced measurement technology and information means, combined with the actual monitoring to be innovative.

  In the design of monitoring tools, considering the extensiveness of test content and the limited time for students to answer, and in order to prevent cheating, matrix sampling design is adopted, and multiple-question books are used in the same subject; In order to solve the comparability of students’ academic performance in different years, the test equivalence technology is adopted to measure students’ academic performance in different years on the same ruler, so that students’ academic performance in different years can be compared and longitudinal tracking analysis of students’ academic performance can be realized. In the monitoring sampling work, combined with the actual situation in China, the "school-student" two-stage sampling method widely used in international education quality monitoring is changed to the "district-county-school-student" three-stage sampling method, which can not only fully grasp the situation of the whole country and provinces, but also greatly improve the monitoring operability. On the technical means of monitoring, the electronic singing system is used to test the students’ singing ability. During the test, students sang songs on the spot and uploaded them to the test system in real time. Based on the artificial intelligence scoring system, the automatic scoring of students’ singing ability was realized, which solved the problem of data collection and scoring in large-scale singing ability test.

  Six, build a strict and standardized data collection process, strengthen the supervision and management of the implementation process.

  Objective and true data is the "lifeline" of the whole monitoring work. The national compulsory education quality monitoring has formulated a strict and standardized data collection workflow and a minute-long work schedule, and defined the sequence, specific requirements and time nodes of each work to ensure that the data collection work is standardized and orderly. The monitoring implementation progress management system is adopted to monitor and guide the implementation process of monitoring organizations in provinces, counties and schools in real time, and collect and follow up information at different levels, which effectively improves the management efficiency and quality of monitoring organization implementation. At the same time, organize visual experts to conduct special supervision and inspection on the monitoring preparations in some provinces in China, and urge and guide local governments to do a good job in monitoring preparations; The teachers of the non-sample school serve as testers, who are responsible for supervising the whole process and patrolling the test work; Half an hour before the start of the test, unpack the monitoring toolkit and the confidential student roster, publish the student list in the monitoring bulletin board and accept supervision; During the test, we can guide and monitor the test in real time through QQ group, WeChat group and hotline. Through the above measures, the data collection work is standardized, orderly and efficient, and the objectivity and truth of monitoring data are effectively guaranteed.

  Seven, innovative application of results, to help educational decision-making and improvement of education and teaching.

  Monitoring is only a means, and improving and upgrading the quality of education is the purpose. Based on the monitoring data, the monitoring center has written different results reports and submitted them to the relevant national education departments, which provides an important reference for educational decision-making. At the same time, the monitoring center also provides monitoring results reports to all participating provinces and sample counties (cities, districts) every year, and organizes interpretation meetings of monitoring results reports to help local personnel understand the monitoring data results and promote the application of monitoring results. For example, in September 2017, the monitoring center held a provincial monitoring result report interpretation meeting in sub-districts across the country, and 32 provincial units and all their sample counties participated in the interpretation meeting. In addition, it also provides professional support for some districts and counties to carry out improvement work based on monitoring results.

A 14-year-old girl in Xianning, Hubei Province was forced into prostitution, and a 50-year-old businessman was sentenced to seven years in prison for rape.

  On November 12th, Red Star journalists from Xianning, Hubei Province "14-year-old girl was forced ‘ Prostitution ’ " The family of the victim was informed that recently, the local court has made a judgment on the case. The defendant Fu Qiuquan was convicted of rape and sentenced to 7 years in prison. Fu Qiuquan and others compensated the victims for various economic losses of more than 324,000 yuan.

  According to Red Star News, on April 30, 2019, Fu Qiuquan, a 55-year-old businessman in Xianning City, Hubei Province, had forced sexual relations with Li Fang (a pseudonym), who was 14 years old and coerced.

  Behind this, it is a complete illegal "buying place" chain composed of multi-layer middlemen, "clients" and victims.

  The People’s Court of Xian ‘an District of Xianning City said in the first-instance judgment that it was found through trial that in 2018, after meeting Lu Yu, a woman who runs a bar in Xianning, Fu Qiuquan repeatedly said that he was willing to pay a high price to find a virgin to "buy a place" for transshipment because his business was not smooth.

  After Lu Yu and his employee Lareina C cheated the victim Li Fang out of his home through layers of relationships, and then restricted Li Fang’s personal freedom, and asked Li Fang to "engage in prostitution" through repeated "persuasion" and coercion.

  ↑ The court found through trial that the victim was coerced and induced by many people.

  On the night of the murder, Fu Qiuquan forced sexual relations with Li Fang while Li Fang was nervous, crying and resisting. That night, Fu Qiuquan paid Lareina C 8000 yuan in two installments. This 8000 yuan was divided by Lareina C and others, and Li Fang did not score.

  During the trial of the case, after judicial appraisal, Li Fang met the diagnostic criteria of "post-traumatic stress disorder", and his social function was obviously damaged, and his disability grade was rated as Grade 10.

  Li Fang’s family told Red Star News that after the incident, Li Fang suffered from mental illness and has been receiving medication. "In recent years, it has cost more than 20,000 yuan to see a doctor, stay in hospital and buy medicine."

  In August 2020, the People’s Court of Xian ‘an District of Xianning City made a criminal judgment on the case of Lareina C and Lu Yu introducing prostitution. The court said in the judgment that Lareina C and Lu Yu constituted the crime of introducing prostitution, and both of them could be given a lighter punishment according to law because they pleaded guilty.Lareina C was sentenced to 1 year and 6 months in prison and fined 7,000 yuan. Lu Yu was sentenced to 1 year and 4 months in prison and fined 5,000 yuan..

  Recently, Fu Qiuquan’s case of committing rape has also reached a verdict. The contents of the verdict of the People’s Court of Xian ‘an District, Xianning City obtained by the Red Star journalist show that during the trial, Fu Qiuquan argued that the victim had sex with him voluntarily, and he did not commit coercion, which did not constitute rape.

  In this regard, the Xian’ an District Court stated that after seeing the victim, Fu Qiuquan found that the victim was immature, thin, nervous and unhappy, and very young. He did not voluntarily "sell the place" and still forced to have sex with the victim. He continued to commit sexual assault when the victim cried and resisted because of pain, which obviously violated the will of the victim, and his behavior constituted rape.

  ↑ The court said that Fu Qiuquan’s sexual assault clearly violated the will of the victim.

  The Xian ‘an District Court also stated that Fu Qiuquan should be severely punished for raping a minor victim and causing the victim to suffer from post-traumatic stress disorder and grade 10 disability.Fu Qiuquan was sentenced to 7 years in prison for rape..

  ↑ Fu Qiuquan was sentenced to 7 years in prison for committing rape.

  The Red Star journalist also noticed that the victim’s family filed an incidental civil lawsuit.

  In the judgment, the Xian ‘an District Court mentioned that the victim in this case, as a minor with immature mind, had weak self-regulation and self-repair ability. After being infringed, he was repeatedly admitted to a specialized hospital for treatment due to depression and negative thoughts. It can be concluded that Fu Qiuquan and others’ infringement behavior caused serious mental damage to the victim.

  "Combined with the principle of priority and special protection for minors, our court believes that this case can be considered as a special case that meets the conditions of compensation for mental losses in incidental civil proceedings." At the same time, the court made an incidental civil judgment,Fu Qiuquan, Lu Yu and Lareina C were ordered to compensate the victims for various economic losses of more than 324,000 yuan..

Review on the Management of the Board of Directors of Yunong Commercial Bank in 2023

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

  First, the overall operating situation analysis

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

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

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

Second, the financial review

(A) Analysis of income statement

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

1. Net interest income

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

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

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

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

2. Non-interest net income

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

(1) Net fee and commission income

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

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

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

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

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

(2) Other non-interest net income

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

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

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

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

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

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

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

3. Taxes and surcharges

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

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

4. Business and management fees

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

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

(1) Staff cost

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

(2) Depreciation and amortization

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

(3) Other general and administrative expenses

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

5. Other business costs

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

6. Impairment loss

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

7. Net non-operating income and expenditure

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

8. Income tax expenses

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

(B) Balance sheet analysis

1. Assets

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

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

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

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

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

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

(1) Customer loans and advances

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

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

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

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

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

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

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

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

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

(2) Financial investment

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

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

Step 2 Liabilities

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

(1) Customer deposits

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

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

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

4. Off-balance sheet items

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

(C) Analysis of cash flow statement

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

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

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

(D) Analysis of loan quality

1. Five-level classification of loans

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

2. Loan concentration

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

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

(2) borrower concentration

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

Third, the main business discussion and analysis

(1) Retail business

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

1. Personal deposit and loan business

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

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

2. Bank card business

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

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

3. Wealth management business

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

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

4. Customer management

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

5. Electronic distribution channels

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

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

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

(2) Small and micro businesses

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

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

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

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

(III) Business of the Company

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

1. The company’s deposit and loan business

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

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

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

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

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

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

2. Institutional business

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

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

3. International business

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

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

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

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

(4) Financial market business

1. Financial interbank business

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

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

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

2. Asset management business

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

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

3. Investment banking business

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

4. Asset custody business

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

(5) Financial technology

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

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

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

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

(6) County financial business

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

1. Channel construction

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

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

2. Business support

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

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

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

(seven) the main holding companies.

1. Holding subsidiaries

(1) Rural banks

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

(2) Yunongshang Financial Leasing Co., Ltd.

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

(3) Yunong Commercial Finance Co., Ltd.

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

2. Major shareholding companies

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

Four, the key issues of concern in the operation

(1) About the profitability

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

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

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

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

(B) About the net interest margin

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

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

(3) On the quality of assets

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

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

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

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

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

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

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

(4) About the provision for impairment

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

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

V. Risk management

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

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

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

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

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

(1) Risk management framework

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

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

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

Risk of loss.

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

(3) Market risk management

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

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

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

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

1. Interest rate risk analysis

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

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

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

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

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

(4) Liquidity risk management

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

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

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

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

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

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

(V) Operational risk management

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

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

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

(VI) Reputation risk management

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

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

(VII) Information Technology Risk Management

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

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

(8) Money laundering risk management

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

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

(9) Information on internal audit

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

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

(X) Related party transactions

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

1. Related party transactions related to daily operations

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

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

The net amount of letters was 16.408 billion yuan.

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

The balance is 10,441,000 yuan.

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

VI. Capital Management

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

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

(1) Capital adequacy ratio

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

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

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

(II) Leverage ratio

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

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

VII. Outlook

(A) the industry pattern and trends

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

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

(II) Development strategy and business plan of the company

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

General Administration of Customs introduces the import and export situation in 2017.

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


At the press conference. China Network Zhang Ruomeng photo

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

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


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

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

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

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

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

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

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

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

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

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

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

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

Now I’d like to answer your questions.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Chaowan Jinxiu China New Year’s trendy technology deduces the romance of national style.

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February 14th is the fifth day of the Lunar New Year, commonly known as "Breaking Five". People from all over China continue to feel the festive atmosphere of the Spring Festival by visiting temple fairs and tasting folk customs.

Beijing: Spring Festival theme activity opens in Longfu Temple.

In Beijing, the "Happy Dragon" Spring Festival theme large-scale activities were held in Longfu Temple from the first day of the Lunar New Year to the sixth day of the Lunar New Year. At the event site, Longfu Temple launched a new game of immersive adventure with the clue of the Nine Sons of the Dragon. Visitors can receive exclusive Kowloon Guardian, collect Kowloon blessings during shopping for new year’s goods and enjoying the taste of the year, and receive a limited blessing gift after all the collections.

Shanghai: Lion Dance, Dragon Dance, Light Show, Lighting Business Circle

In the streets of Shanghai, dragon and lion dances, light and shadow shows and other Spring Festival activities have been staged one after another, allowing citizens and tourists to feel the jubilant prospect of the Year of the Loong. Early in the morning, with the passionate opening of gongs and drums, a golden dragon and two lively lion rousers made a mighty appearance on Maoming North Road in Shanghai. Members of the Dragon and Lion Troupe danced a 30-meter-long dragon in the market, attracting many citizens and tourists to stop and watch.

As night falls, a smart and fashionable "dragon of light and shadow" takes off on the outdoor big screen of this shopping mall in Nanjing West Road, Shanghai, with the blessing of naked-eye 3D technology. At the same time, a number of landmark buildings in the business district of Nanjing West Road in Shanghai also opened the Spring Festival lighting interpretation.

Shanghai: More than 100 consumption promotion activities have been launched to build a 100 billion business circle.

The Spring Festival light and shadow show in the business circle not only lights up the night view of the city, but also brings popularity. In order to meet the peak passenger flow during the Spring Festival, Shanghai’s major business districts joined hands to focus on the construction of 100 billion business districts, and successively launched more than 400 marketing activities. Online and offline activities were brilliant, making consumers happy to buy in the New Year. In a supermarket on Nanjing West Road, the atrium is full of prosperous blessing bags, ranging from new clothes for the New Year to new year’s food, attracting a large number of customers to buy.

Handan, Hebei Province: Folk-custom Intangible Cultural Tourism and Happy China Year

During the Spring Festival, Handan, Hebei Province built the "National Tide" China Year around Zhao culture. When night falls, the ancient town of Chishui Bay is full of brilliance. In the Spring Festival of 2024, Chishuiwan Ancient Town held Spring Festival folk activities with the theme of "Chao Ancient Town of Zhao Culture", such as live drama performance, lion dance parade, and iron flower beating.

Hancheng, Shaanxi: Non-legacy Social Fire Fancy Competition

In Hancheng, Shaanxi, playing social fire is a traditional custom of welcoming the new. In 2024, the social fire performance was particularly hot. The social fire teams from many local villages and towns took turns to appear. In the powerful drums of gongs and drums, performers dressed in costumes stepped on the drums to show off, presenting a folk feast for the people on the spot.

Zhongshan, Guangdong Province: Intangible cultural heritage activities are popular in the New Year.

In Zhongshan, Guangdong Province, the non-legacy parade flash event was staged continuously. Liufang Yunlong Dance is a traditional dragon dance that spreads among the people in Zhongshan. It has a history of more than 300 years and is a national intangible cultural heritage. At the scene of the cruise, the 55-meter-long Yunlong was loaded with LED strip, which was vivid in the night and attracted the attention of tourists as soon as it appeared.

Luoyang, Henan: Peony Lantern Festival lights up the night.

In Luoyang, Henan Province, the Peony Spring Festival Lantern Festival attracted many tourists, and 13 groups of large-scale theme lanterns showed the blooming scenes of many peony varieties. Among them, the 24-meter-high vertical lantern "Guo Se Tian Xiang" made its debut, with 6 floors and "petals" as the backing, and it took more than 200 craftsmen 17 days to make it.

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He Xinchun, a traditional Chinese culture in the museum.

During the Spring Festival holiday, cultural tourism is popular. In 2024, museums around the country also actively held various exhibitions on the Year of the Loong culture themes, which made visitors feel the charm of China traditional culture.

Xining, Qinghai: Cultural relics from Jiachen the Year of the Loong to Dragon attract tourists.

During the Spring Festival, tourists from Qinghai Provincial Museum come to visit in an endless stream. In the exhibition hall of historical relics, cultural relics with "dragon" elements in different periods are displayed, such as blue-and-white red dragon porcelain plates and hidden carpets with dragon play beads.

Anyang, Henan: Night Tour Chinese Character Museum Immerses in the Evolution of Chinese Characters.

In Anyang, Henan Province, China Literature Museum launched a night tour to show the cultural inheritance and innovation of Chinese characters in an all-round way. Decorated with colorful lights, the China Literature Museum is both magnificent and full of festive flavor.

The colorful programs in the museum, such as Chinese character exhibition, Hanfu show, Oracle Bone Inscriptions rhythmic gymnastics, and cultural and creative market, have also brought visitors different experiences and feelings in the Spring Festival. Reading Oracle Bone Inscriptions can make people have a more intuitive understanding and understanding of the evolution of Chinese characters. In the "Oracle Bone Inscriptions Guess" game, tourists carefully observe and think about the Chinese characters corresponding to Oracle Bone Inscriptions on the exhibition board, and feel the wisdom of the ancients and the spirituality and broadness of Chinese characters.

Zhangzhou, Fujian: He Xinchun, a New Year’s Intangible Cultural Heritage in the Museum.

During the Spring Festival, Zhangzhou Museum of Fujian Province held the theme activity of "Celebrating the New Year in the Museum with Intangible Cultural Heritage". In addition to six series of special exhibitions such as "Maritime Silk Road", the daffodil intangible cultural heritage sculpture activity of "Celebrating the New Year with Flower Carving and Welcoming the Spring" was also held here, which attracted many tourists. At the same time, many traditional cultural activities, such as woodblock New Year pictures, paper-cutting, puppet performances and shell carving in southern Fujian, were held here. Invite non-genetic inheritors to perform live, teach live and interact with tourists. It is understood that only three days before the Spring Festival, the number of visitors to Zhangzhou Museum was nearly 100,000.

Yichun, Heilongjiang: Looking for the real dragon and looking at the dinosaur fossil skeleton in Youlong Township

Jiayin, Yichun, Heilongjiang Province is rich in dinosaur fossil resources. During the Spring Festival holiday, Yichun Jiayin Dinosaur National Geopark carefully planned activities with the theme of "praying for the Year of the Loong, making good luck, visiting Youlong, and finding the real dragon". The unearthed fossils were assembled into a complete dinosaur fossil skeleton, which attracted many tourists and citizens to "punch in".

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"National Tide" Surges the Year of China.

This Spring Festival, many young people have incorporated their love and understanding of China’s traditional culture into new ideas, new designs and new means to help the "national style" and "national tide" go global.

During the Spring Festival, it is a ritual feeling for many people to buy a new suit to bid farewell to the old and welcome the new. In the "flower markets" in the streets of Guangdong, Fujian and other places, horse-faced skirts and colorful flowers set off each other, becoming a beautiful scenery of the Year of the Loong in the Spring Festival.

Horse-faced skirts originated in the Song Dynasty are one of the main dresses of ancient women in China. Lin Qi, a fashion designer, has a collection of nearly 100 horse-faced skirts, many of which have exquisite dragon embroidery. On the basis of traditional styles and crafts, new elements and new designs are constantly incorporated. In 2023, she brought her horse-faced skirt design works to Paris Fashion Week to show the unique oriental aesthetic charm to the whole world.

Dragon is the totem of the Chinese nation. This traditional cultural element with China characteristics has been increasingly integrated into modern life through new designs and new expressions.

The traditional culture is also passed down by design, as well as this group of "post-00" national wind lovers. In order to welcome the arrival of the Year of the Loong, they restored the "Aoshan Lamp Shed" where people celebrated the Spring Festival in the Song Dynasty in xixi national wetland park Park, and filmed short plays to show the world the traditional Chinese artistic aesthetics.

No doubt! This year’s National Day file is the most neglected good movie!


Special feature of 1905 film network "The film arrangement is too low". After the animated film was released, many netizens expressed such feelings. 


Abominable, the first original animated film of Oriental DreamWorks, was jointly created by Oriental DreamWorks and American DreamWorks Animation.


Under the upsurge of three major gift films sweeping the National Day archives, the topics and popularity of the films are slightly insufficient. As of October 5, the film’s five-day box office reached more than 70 million, which was not as good as expected.


Despite the poor box office, the word-of-mouth achievements of Cat’s Eye 9.4, Taobao Film 9.1 and Douban 7.4 are quite eye-catching, and the performance of overseas markets is in sharp contrast with that of China. After landing in North America on September 27th, the film won the first weekend box office title in North America. The freshness of rotten tomatoes is 80%, and the popcorn index is 96%. These data are enough to show the quality and level of this Chinese-foreign co-production animation.


Is Abominable the most underrated work in this year’s National Day archives? In addition to box office and word of mouth, the Chinese-foreign co-production mode it presents and its influence on the local animation film industry in China are actually the most important aspects to be discussed.


Chinese and foreign co-produced animated films are not popular?


 In 2016, "Kung Fu Panda 3" created a box office of 1 billion in mainland China, occupying the top spot in China animated film box office for three years, and it was not until this summer that it was won by "Nezha".


The emergence of Kung Fu Panda 3 has led to the rise of Chinese and foreign co-production animation, with a large number, but the box office and quality have been "sluggish". Among the top ten Chinese and foreign co-produced animated films at the box office, only three have exceeded 100 million.


Although Kung Fu Panda 3′ s billion-dollar scale far exceeds other rivals, its success largely depends on the accumulation of IP fans of the previous two series.


Looking at the evaluation, half of the works on the list are below the passing line on the Douban platform.


Therefore, if we compare these ten co-produced animated films horizontally, the achievements of Abominable are not bad now.


Before "Abominable", this year’s co-production animation was also released. The film was originally scheduled to be released last year and was postponed until July this year. Another co-production animation has also changed its schedule four times, and now it has been postponed to October 13th.


It can be inferred from the achievements of Future Machine City that the finished product of Ugly Doll, which was also co-produced by Alibaba Pictures, is not expected to be very satisfactory.


The douban scores of "Future Machine City" and "Ugly Doll" are also below 6.

 

What’s the problem?

 

China only invested capital and did not participate in the production; The Chinese team’s participation in content creation is very shallow; Inaccurate audience positioning; The story is routine and younger; Problems in the cooperation mechanism are the reasons why these co-produced animations have not been favored by the market and the audience.

 

By chasing light animation and Warner Bros. together, it is a more successful co-production animation in recent years.


The light-chasing animation, which has always focused on creating family fun, has been created from China fairy tales after successive encounters and failures of other works.


Warner Bros. put forward targeted opinions on stories, editing, personnel design and commercial selling points during the production process. For example, the role of "puppy" was added to strengthen the comedy elements, and it was especially suggested to design a wonderful bridge of Little Fox Fairy.


Little fox fairy stills

 

The success of "White Snake" benefits from the continuous improvement of Chinese creation in the co-production mechanism. The story is also different from many previous co-production animations. It is not the traditional "general mobilization" adventure family fun, but draws nutrition from China fairy tales and adapts it.


The story of Abominable takes place in present-day China.

 

"Abominable" still chooses the type of family fun, and puts the main story world in the present China, and all the contents should be original.

 

So, how did the animation produced by Fang Dongfang DreamWorks and American DreamWorks create a mutually acceptable China story? In the interview with the main creator, we not only got the answer, but also found that this co-production is closer and deeper than many previous co-produced animated films.


Is there a new atmosphere in the production mode of Abominable?


"Abominable" tells the story of Xiao Yi, a little girl from China, and her friends, A Jun and pengpeng, crossing the motherland for 3,000 kilometers and escorting the snowman "Da Mao" back to his hometown of Mount Everest to reunite with his family.


According to Zhou Peiling, producer and chief creative officer of Oriental DreamWorks, the preparation of the film began in 2012, and the strategic decision-making and specific creation were discussed and decided by both teams.

 

"The whole artistic creation team is basically in Shanghai, and the post-production is mainly in the United States," Zhou Peiling revealed. The only challenge is the time difference. "Today, people here finished and handed it over to people on the other side of the world, so we joked that someone was working on this film for 24 hours, which turned the disadvantage into an advantage."

 

At the same time, Zhou Peiling will also hold regular weekly meetings with American executives and behind-the-scenes personnel to exchange ideas and listen to them, and then complete the production step by step through repeated revisions.


Producer Zhou peiling

 

The film mainly expresses the theme of returning to the family. jill culton, the director and screenwriter, said frankly that "China culture emphasizes the importance of family more than American culture". Therefore, along with the main plot of the snowman going home, they also set up the auxiliary line of the relationship between Xiaoyi and his mother and grandmother from estrangement to bridging, trying to make more China audiences feel empathy and substitution.


Co-director jill culton and Todd Vildman

 

In addition to the balanced transmission of values, compared with many previous co-productions of animation, the localization of "Abominable" is indeed more steady and steady.

 

Although the traditional "adventure" narrative mode is adopted like many family animation, the film is integrated with the unique scenery of China, such as Qiandao Lake, Huangshan Mountain, rape field, Leshan Giant Buddha, etc. These magnificent mountains and rivers have not been reduced to simple background boards or postcards, but have become story scenes to promote the effective progress of the film.


"When I started writing the script, I had a map of China in front of me. The story originated in Shanghai and the final destination was in Himalaya. The distance between the two places was 3,000 kilometers, so I was looking for scenic spots in this distance." jill culton told us that due to the length of the film, I originally wanted to put three or four more scenic spots, including Rainbow Beach and Blue Waterfall.


In addition, she and her team also insisted on not letting go of world-famous China monuments such as the Great Wall, "because everyone knows the Great Wall, but not everyone knows Leshan Giant Buddha."


Leshan Giant Buddha is an important scene in Abominable.

 

In order to create a more authentic "China flavor", Oriental DreamWorks provided more input and support in details, including the street environment of Shanghai, the overall appearance of residential buildings, Chinese’s food culture, table manners and so on, from which the Hollywood production team also got a lot of inspiration.

 

As Carlton said, "In the previous version, everyone threw away metal cans on the road, but Oriental DreamWorks told us that there was no such rubbish, so we deleted all these metal cans."


Chinese consultant directorShuhuan

 

The screenwriter Shu Huan is the Chinese consultant director of the film. He joined the team when the film was about 70% completed. On the one hand, his job was to adjust the localization details.


He suggested adding billboards unique to China, such as "cram school for college entrance examination", and adding food landscapes with China characteristics, such as Shaanxi snacks and Shaxian snacks, "to make the whole story more like the present China".


In the role design, both teams have also made great efforts. Co-director Todd Vildman said that in order to make the character of Grandma more authentic, China has given many suggestions.

 

"Grandma is very nagging. Xiaoyi doesn’t want to listen. Will she close the door or keep it in front of her, or how much? How much is this? These are all to be discussed together." Producer Zhou Peiling also mentioned such creative details to us about the display of characters’ psychology and behavior.


Not only in the content production level, the film also launched a Mandarin version for China audiences, with Zifeng Zhang, Chen Feiyu, Cai Ming, Wan Qian, etc. as dubbing, and Shu Huan was also responsible for dubbing and directing. This dubbed version of Mandarin will also land in the North American cinema, which is the first time in the North American film market.

"Many expressions in the English version are American, but the audience in China will know at a glance that this is not Chinese’s way of speaking." Shu Huan revealed that in order to conform to Chinese’s communication style and expression habits, he helped to adjust many Chinese dialogues to make them more grounded. However, it is also a pity that the film did not specifically change the mouth shape of the characters for the Chinese version.


Four voice actors

 

It can be seen that from the upstream to the downstream, from the plot, the theme, the details of the scene, the character design and the dubbing release, Abominable tries to be close to the local reality of China and meet the needs of China audiences.

 

"China audiences know more and more about movies now," said Zhou Peiling. The reason why many Chinese-foreign animated films have failed is that the market positioning is unclear and the stories are mechanically copied. "Maybe it was only aimed at overseas markets at first, and suddenly it was necessary to join the characters and plots related to China in the China market, which is very unnatural and unsmooth."


The key to the success of Chinese and foreign co-productions lies in finding a universal story with cultural value, highlighting the elements of China, bringing forth the new, and achieving a win-win situation in an effective cooperation mechanism.

 

Both director Carlton and director Shu Huan emphasized that Abominable is not a Hollywood story, but a story suitable for the whole world, and that the China market is not the whole story. The film should not only show the beauty of China culture, but also start from China, aim at the global market and finally go to the world.


What does co-production bring to China native animation?


Looking to the future, there are a large number of Chinese and foreign co-produced animated films on the road. Oriental DreamWorks and American DreamWorks Animation will jointly launch the "Oriental Dream Trilogy": "Abominable" is the first one; The second "Running to the Moon" will be completed next summer and is scheduled to be released in autumn. The third part is the Monkey King, which was developed by Stephen Chow, and it is also in the preparatory stage.

 

In addition, the Legend of the Erect Elephant (China, New Zealand), Animal Secret Service (China, France) and Dragon Keeper (China, Spain) will also appear one after another.


Zhou Peiling introduces the Chinese-American co-production animation "Running to the Moon"


"Use our script story, Hollywood production management experience and excellent animation technicians from all over the world". In Shu Huan’s view, such a global production system can be the main creative direction of China animated films in the future. "Let’s work together. After coming out, 80% is not good, 10% is good, but 10% is explosive, so every little makes a mickle."

 

With the increasing number of co-produced animated films, we have reason to believe that the mode of co-production will be deepened, the quality of animation will be more mature, and the continuous accumulation of co-production experience will also benefit the creation and development of local animation in China.


Chinese and foreign co-production animation to be released in the future


Nezha, White Snake: The Origin, etc. are all born out of China’s fairy tale system. At present, adventure family fun is more in line with the mainstream of world animation films, but the quality of this type of animation independently produced by China still needs to be improved.

 

The appearance of "Abominable" is not only a co-production animation in the future, but also provides corresponding reference for the creation of domestic animated family movies.


Zhou Peiling said that the benefits of co-production can help local animation filmmakers in China learn foreign production methods, story content and animation technology, and also help China’s animation industry gradually realize industrialization and scale, and further expand the international market.

 

Looking forward to the future, China native animation can become the earliest and fastest film genre among all films in China, as predicted by Shu Huan.


Analysis Report on China’s Internet Network Security Monitoring Data in the First Half of 2020

In order to fully reflect the spread of malicious programs, vulnerability risks, DDoS attacks, website security and other aspects of China’s Internet in the first half of 2020, CNCERT combed the monitoring data in the first half of the year and formed the monitoring data analysis report as follows. To download the report, please click the attachment at the end of the article.

catalogue

First, malicious programs

(A) computer malicious program capture

(2) Infection of users of computer malicious programs

(3) Malicious mobile Internet programs

(4) Malicious programs for networked smart devices

Second, security vulnerabilities

Third, denial of service attacks

(A) the active situation of attack resources

(2) The situation of large-volume attacks in China

(3) The activity of mainstream attack platforms

Fourth, website security

(A) phishing

(2) The back door of the website

(C) Web tampering

V. Cloud platform security

Six, industrial control system safety

(A) exposure of industrial control system on the Internet side

(II) Threat monitoring on the Internet side of industrial control system

(3) Information on safety loopholes of industrial control products

First, malicious programs

(A) computer malicious program capture

In the first half of 2020, about 18.15 million samples of computer malicious programs were captured, with an average daily spread of more than 4.83 million times, involving about 11,000 families of computer malicious programs. According to the statistics of communication sources, overseas malicious programs mainly come from the United States, Seychelles and Canada, and the specific distribution abroad is shown in Figure 1. Malicious programs located in China mainly come from Zhejiang, Guangdong and Beijing. According to the target IP statistics, there are about 42.08 million IP addresses attacked by computer malicious programs in China, accounting for 12.4% of the total IP addresses in China. These attacked IP addresses are mainly concentrated in Shandong Province, Jiangsu Province, Guangdong Province, Zhejiang Province, etc. The distribution of IP addresses attacked by computer malicious programs in China is shown in Figure 2.

Figure 1 Distribution of computer malicious code propagation sources outside China

Fig. 2 IP distribution under computer malicious code attack in China

(2) Infection of users of computer malicious programs

The number of hosts infected with computer malicious programs in China is about 3.04 million, up 25.7% year-on-year. About 25,000 computer malicious program control servers located abroad control about 3.03 million hosts in China. In terms of the countries or regions where the control servers belong, the number of control servers located in the United States, China, Hong Kong and the Netherlands ranks in the top three, with about 8,216, 1,478 and 1,064 respectively, with specific distribution as shown in Figure 3; In terms of the number of hosts controlled in China, the control scales of control servers located in the United States, the Netherlands and Germany rank the top three, controlling about 2.52 million, 1.27 million and 1.17 million hosts in China respectively, as shown in Figure 4. In addition, according to the sampling monitoring data, it is found that attacks against IPv6 networks have also begun to appear, and computer malicious program control servers with about 1,200 IPv6 addresses abroad have controlled about 15,000 IPv6 address hosts in China.

Fig. 3 Distribution of control terminals of overseas Trojan botnets that control hosts in China.

Figure 4 Countries or regions that control the number of TOP10 hosts in China.

From the regional distribution of the number of hosts infected with computer malicious programs in China, they are mainly distributed in Jiangsu Province (accounting for 15.3% of the infected number in China), Zhejiang Province (accounting for 11.9%), Guangdong Province (accounting for 11.6%), etc. The specific distribution is shown in Figure 5. Among botnets infected with malicious computer programs, there are 4,696 botnets with a scale of more than 100 hosts and 16 botnets with a scale of more than 100,000, as shown in Figure 6. Relevant institutions have disposed of 45 botnets with large control scale, effectively controlling the harm caused by computer malicious programs infecting the host.

Figure 5 The number of hosts infected with Trojan bots in China is distributed by region.

Figure 6 Scale distribution of botnets

(3) Malicious mobile Internet programs

Through independent capture and vendor exchange, more than 1.63 million malicious mobile Internet programs were discovered, up 58.3% year-on-year. Through the statistics of malicious behavior of malicious programs, it is found that the top three are still hooliganism, tariff consumption and information theft, accounting for 36.5%, 29.2% and 15.1% respectively. In order to effectively prevent the harm of malicious programs on the mobile Internet and strictly control the spread of malicious programs on the mobile Internet, 812 malicious programs on 125 platforms providing mobile application download services in China have been removed, effectively preventing the harm of malicious programs on the mobile Internet and strictly controlling the spread of malicious programs on the mobile Internet.

In recent years, China has gradually increased the security management of App stores and Applications, requiring App stores to conduct real-name audits of developers who put apps on the shelves, and conduct security inspections and content copyright audits on apps, which makes it more difficult for Internet black-market app stores to spread malicious apps. At the same time, however, the "edge-ball" gray applications that can evade supervision and achieve bad purposes have increased. For example, counterfeit apps with fishing purposes and fraudulent behaviors have become an important tool for illegal production, which continues to pose a greater threat to users in important industries such as finance, transportation and telecommunications. In the first half of 2020, 180 new download links of counterfeit apps were discovered through independent monitoring and complaint reporting. These counterfeit apps have the characteristics of easy copying, frequent version updates, and rapid spread of hot spots. They are mainly concentrated in popular applications such as counterfeit public security law, banking, social software, payment software, and ticketing software. The counterfeiting methods are mainly counterfeit names, icons, pages, etc., which are very deceptive. At present, because developers need to submit proof materials such as software copyright before Applying for the Application in the app store, it is difficult for counterfeit apps to be put on the app store, and its circulation channels are mainly concentrated in other online communication channels such as network disk, cloud disk and advertising platform.

(4) Malicious programs for networked smart devices

At present, there are more than 15 malicious programs active on smart devices, including Mirai, Gafgyt, Dofloo, Tsunami, Hajime, MrBlack, Mozi, PinkPot and so on. These malicious programs generally invade and control smart devices through vulnerabilities and violent cracking. After being controlled by intrusion, there are security threats and risks such as user information and device data being stolen, hardware devices being controlled and destroyed, devices being used as a springboard to attack other hosts in the intranet or launching DDoS attacks abroad. In the first half of the year, about 1.26 million malicious programs were found on smart devices, most of which belonged to Mirai family and Gafgyt family, accounting for more than 96.0%. There are more than 50,000 IP addresses in the server, and the number of IP addresses of suspected infected smart devices in China is about 920,000, which is basically the same as that in the first half of 2019, mainly located in Zhejiang, Jiangsu, Anhui, Shandong and Liaoning provinces. The accused networked smart devices launched DDoS attacks on more than 1,000 targets every day, which was basically the same as that in the first half of 2019.

Second, security vulnerabilities

The National Information Security Vulnerability Sharing Platform (CNVD) included 11,073 general security vulnerabilities, a substantial increase of 89.0% year-on-year. Among them, the number of high-risk vulnerabilities was 4,280 (accounting for 38.7%), up 108.3% year-on-year, and the number of "zero-day" vulnerabilities was 4,582 (accounting for 41.4%), up 80.7% year-on-year. Security vulnerabilities mainly cover vendors or platforms such as Google, WordPress and Oracle Bone Inscriptions. According to the statistics of the affected objects, the top three are application vulnerabilities (48.5%), Web application vulnerabilities (26.5%) and operating system vulnerabilities (10.0%), as shown in Figure 7. In the first half of 2020, CNVD handled nearly 15,000 incidents involving network security vulnerabilities such as government agencies and important information systems.

Figure 7CNVD includes statistics of security vulnerabilities classified by affected objects.

Third, denial of service attacks

Due to the characteristics of low attack cost and obvious attack effect, DDoS attack is still one of the most common and influential network security threats faced by Internet users. Sampling monitoring found that the number of high-traffic DDoS attacks with daily peak traffic exceeding 10Gbps in China was basically the same as that in 2019, with about 220 incidents.

(A) the active situation of attack resources

After continuous monitoring, analysis and disposal, the stability of available DDoS attack resources is reduced, and the number of available active resources is controlled at a low level. Cumulative monitoring found 2,379 active C&C control servers for launching DDoS attacks, of which 95.5% were located abroad, mainly from the United States, the Netherlands, Germany, etc. There are about 1.22 million active controlled hosts, of which 90.3% are from China, mainly from Jiangsu, Guangdong, Zhejiang, Shandong and Anhui provinces. There are about 8.01 million reflection attack servers, of which 67.4% are from China, mainly from Liaoning, Zhejiang, Guangdong, Jilin and Heilongjiang provinces.

(2) The situation of large-volume attacks in China

During the monitoring, it is found that the main attack methods are still TCP SYN Flood, NTP Amplification, SSDP Amplification, DNS Amplification and UDP Flood.The above five attacks accounted for 82.9%. In order to avoid traceability, attackers tend to use these attack methods which are easy to hide the attack source, and flexibly combine the attack traffic according to the protection of the attack target, and the proportion of mixed attack methods is 16.4%. In addition, with the rampant "DDoS as a service" black production mode in recent years, attackers tend to use high-traffic attacks to instantly paralyze the target network. The proportion of attacks with DDoS attack duration less than half an hour is 81.5%, and the targets are mainly located in Zhejiang, Jiangsu, Fujian, Shandong, Guangdong and Beijing, accounting for 81.1%.

(3) The activity of mainstream attack platforms

Through continuous monitoring and tracking of the activity of DDoS attack platforms, it is found that DDoS attack platforms on web pages and botnet families such as Gafgyt, Mirai, Xor, BillGates and Mayday are still active, and there are many DDoS attacks. As one of the black production modes of "DDoS as a service", the web page DDoS attack platform provides services directly to users, and users can launch attacks on their own as needed, which greatly reduces the difficulty of launching DDoS attacks and leads to further proliferation of DDoS attacks. The monitoring found that the number of DDoS attacks initiated by the web DDoS attack platform was the largest, increasing by 32.2% compared with the first half of 2019. At present, a large number of active Internet of Things devices lacking security protection on the Internet provide a large number of controlled resources for the rampant development of DDoS attack platforms, resulting in a high number of DDoS attacks. New variants of Gafgyt and Mirai malicious programs appear constantly, which keeps the number of botnet control terminals and attack events formed by them at a high level, while Xor malicious program family has obvious characteristics that it provides "DDoS as a service" black-market business, showing that it maintains a high attack frequency with a small number of control terminals.

Fourth, website security

(A) phishing

The monitoring found that there were about 19,000 counterfeit pages for websites in China. CNCERT mainly disposed of 6,226 counterfeit pages such as online business halls in the financial industry and telecommunications industry, with a year-on-year decrease of 48.1%. In the coordinated disposal of counterfeit pages, the IP address of the counterfeit page still ranks first in China and Hongkong, accounting for 74.0%. At the same time, the number of counterfeit pages on the "ETC online authentication" website on the internet has increased by spurt. After entering May, the number of phishing pages related to "ETC online authentication" accounted for as high as 61.2%, and the main IP addresses of such phishing websites are still located abroad. The forms of counterfeiting mainly include different page themes such as "ETC information authentication", "ETC online authentication" and "ETC online authentication center", and fraudsters trick users into submitting personal privacy information such as real name, bank card account number, ID number, bank reserved mobile phone number and withdrawal password.

(2) The back door of the website

About 18,000 IP addresses at home and abroad have implanted backdoors into about 35,900 websites in China, and the number of websites implanted with backdoors in China has increased by 36.9% compared with the first half of 2019. Among them, there are about 18,000 overseas IP addresses (accounting for 99.3% of all IP addresses) that have implanted backdoors into about 35,700 websites in China, with the most IP addresses located in the United States, accounting for 19.0% of the total overseas IP addresses, followed by IP addresses located in the Philippines and China, as shown in Figure 8. In terms of controlling the total number of websites in China, IP addresses located in the Philippines control the largest number of websites in China, about 13,600, followed by IP addresses located in China, Hongkong and the United States, which control 7,300 and 6,020 websites in China respectively. In addition, with the accelerated deployment of IPv6 in China, the scope of websites supporting IPv6 is expanding. In addition, there were 592 backdoor incidents of websites whose attack source and target were IPv6 addresses, involving a total of 35 attack source IPv6 addresses and 72 domain names of attacked IPv6 address resolution websites.

Figure 8 TOP10 of the country or region where the backdoor IP address is implanted into the website in China from overseas.

(C) Web tampering

There are about 74,000 websites that have been tampered with in China, including 318 government websites that have been tampered with. Judging from the distribution of top-level domain names of tampered web pages in China, ".com", ".net" and ".org" still rank in the top three, accounting for 74.1%, 5.1% and 1.7% of the total respectively, as shown in Figure 9.

Figure 9 Distribution of tampered websites in China by top-level domain name

V. Cloud platform security

The situation of network security threats on China’s cloud platforms is still grim. First of all, the proportion of all kinds of network security incidents that occurred on the mainstream cloud platforms in China is still high. Among them, the number of DDoS attacks on the cloud platform accounts for 76.1% of the attacks on domestic targets, the number of embedded backdoor links accounts for 90.3% of all embedded backdoor links in China, and the number of tampered pages accounts for 93.2% of the number of tampered pages in China. Secondly, attackers often use China’s cloud platform to launch cyber attacks. Among them, the number of DDoS attacks initiated by the cloud platform as the control terminal accounts for 79.0% of the number of DDoS attacks initiated by domestic control, the number of IP addresses of controlled terminals controlled by malicious programs such as Trojans and botnets accounts for 96.3% of all IP addresses of controlled terminals in China, and the number of malicious programs carried by them accounts for 79.0% of the number of malicious programs carried on the domestic Internet.

Six, industrial control system safety

(A) exposure of industrial control system on the Internet side

Monitoring found that 4,630 industrial devices were exposed to the Internet, involving 47 types of devices, such as programmable logic controllers, intelligent buildings and data acquisition, from 35 domestic and foreign manufacturers. The specific types are shown in Figure 10. Among them, the equipment with high-risk vulnerabilities accounts for about 41%. The monitoring found 480 sets of networked monitoring and management systems exposed in key industries such as electric power, oil and gas, urban rail transit, etc., including 262 sets of electric power, 118 sets of oil and gas, and 100 sets of urban rail transit. The types involved include government supervision platform, remote monitoring, asset management, engineering safety, data detection system, pipe network dispatching system, OA system, cloud platform, etc. The specific platform types are shown in Figure 11. Among them, about 11.1% systems have high-risk vulnerabilities such as information leakage, cross-site request forgery and improper input verification. Once the industrial control system exposed to the Internet is attacked, it will seriously threaten the safety of the production system.

Fig. 10 Type statistics of networked industrial equipment discovered by monitoring.

Figure 11 Statistics on the types of networked monitoring management systems in key industries discovered by monitoring.

(II) Threat monitoring on the Internet side of industrial control system

The network assets of domestic industrial control systems continue to be scanned and sniffed from abroad, with an average of more than 20,000 times a day. Through analysis, the sniffing behavior originated from 90 countries such as the United States, Britain and Germany, and the target involved networked industrial control equipment and systems in key industries such as energy, manufacturing and communication. A large number of network assets information of key information infrastructure and its networked control system are sniffed abroad, which brings hidden dangers to cyberspace security in China. China’s large industrial cloud platforms, such as Genyun, Aerospace Cloud, OneNET, COSMOPlat, Aopu Cloud and Jizhiyun, continue to suffer from network attacks from abroad, with an average number of attacks of 114 times per day, up 27% year-on-year. The types of attacks are shown in Figure 12, involving remote code execution, denial of service, Web vulnerability exploitation, etc. Industrial cloud platforms carry a large number of access devices, business systems, as well as enterprise, personal information and important data.

Figure 12 Type distribution of attack events of industrial cloud platform

(3) Information on safety loopholes of industrial control products

The four vulnerability platforms of CNVD, CVE, NVD and CNNVD newly included 323 vulnerabilities of industrial control system products, of which high, medium and dangerous vulnerabilities accounted for 94.7%. As shown in Figure 13 and Figure 14, the products affected by the vulnerability are widely used in key information infrastructure industries such as manufacturing, energy, water treatment, information technology, chemical industry, transportation, commercial facilities, agriculture, water conservancy projects, government agencies, etc. The product suppliers involved in the vulnerability mainly include ABB, Wanke, Siemens, Advantech, Schneider, Mossa, Mitsubishi, Haiwei, Asia Control and Yonghong.

Figure 13 Industrial distribution of new industrial control product vulnerabilities TOP10 (Note: products affected by vulnerabilities can be applied to multiple industries)

Figure 14 Supplier Distribution of Newly Added Industrial Control Product Vulnerabilities TOP1

Attachment: Analysis Report on China’s Internet Network Security Monitoring Data in the First Half of 2020

Aauto Quicker’s 20,000-30,000 second-hand electric vehicles are on sale, and the "naked swimming" of electric vehicles behind the "cemetery" of new energy vehicles has begun.

According to Hualong. com, chefs don’t wear masks, and the kitchen is messy … In the future, in Jiangbei District, these "bad habits" of catering will be captured by AI and monitored in real time. On the 2nd, Hualong. com reporter learned from Jiangbei District Market Supervision Bureau that the big data smart supervision platform developed by the bureau for half a year was officially put into trial operation, which marked that the smart market supervision in Jiangbei District has entered a new level. The platform mainly covers three major areas: sunshine catering+intelligent supervision, unlicensed and lost enterprise management, and intelligent elevator management. It is the first platform in the city to capture 13 kinds of violations common in catering by artificial intelligence.

Dining enterprises in canteens are equipped with "clairvoyance" to guard the safety on the tip of the tongue.

The reporter saw at the scene that on the sunshine catering+smart supervision system, through remote inspections, the school’s back kitchen, rough machining room and cooking room; The production workshops, inspection rooms, etc. of food enterprises can be seen at a glance. Through the Sunshine Catering APP, the real-time situation of the kitchen, restaurant information and user satisfaction included in the monitoring restaurant can also be known in time. This means that in the operating rooms of catering enterprises, school canteens and food enterprises, once food is placed on the ground at will and chefs do not wear masks, it may be captured by artificial intelligence.

"This is equivalent to installing a’ clairvoyance’ for restaurant enterprises and canteens, which will better protect the safety on the tip of the tongue." According to the relevant person in charge of the Jiangbei District Market Supervision Bureau, at present, the number of catering units in Jiangbei District has increased to more than 6,500, but the number of supervisors has not increased. There are many regulatory targets and the regulatory pressure is greater, while the Sunshine Catering+Smart Supervision System has well alleviated this problem.

According to the person in charge, at present, 79 school canteens, 44 food production units, 12 old-age care institutions, and 73 catering business units in Jiangbei District Food Safety Demonstration Street (Jiujie) have installed intelligent monitoring, which is included in the Sunshine Catering+Smart Supervision System, which can automatically capture 13 common violations such as not wearing masks, messy kitchens and irregular food stacking.

"This not only provides reliable image information for our supervision and law enforcement, but also exposes some monitoring contents to the Internet, so that parents, family members and consumers can fully participate in supervision and form a good situation of food safety and social co-governance." According to the person in charge, for example, diners can directly report and reflect through the "Direct Person in Charge" column on the APP if they find that the restaurant company has violated the rules.

"Smart" Supervision and Construction of "1+2+3+N" Mode

In fact, the Sunshine Catering+Smart Supervision System is only the "tip of the iceberg" of the big data smart supervision platform in Jiangbei District. The platform also mainly covers the management of unlicensed and lost enterprises, intelligent elevator management and other fields. The overall concept of the platform construction is "intelligence, integration and judgment", and the overall framework is built with the mode of "1+2+3+N".

"1" means to build a big data command center with a giant LED screen of more than 200 inches, which can undertake many tasks such as data analysis, emergency command and conference reception; "2" refers to the construction of two comprehensive platforms: analysis and display and risk early warning; "3" refers to the establishment of three special supervision systems: unlicensed and lost enterprise management, sunshine catering+smart supervision and intelligent elevator management.

According to reports, the unlicensed and lost enterprise management system searches for the contact information of the lost enterprise and its senior management through data exchange and internal integration, so as to realize "one loss and multiple searches". The system realizes the whole-process electronic management of unlicensed business activities supervised by the system, and the whole-process electronic transfer of unlicensed business clues such as black hotels supervised by other departments. At present, the system has transferred more than 20 clues to public security and health departments.

The intelligent elevator supervision system can realize the functions of elevator fault statistical analysis, elevator rescue, appeasement and monitoring, and electronic elevator maintenance management. The relevant person in charge of the Jiangbei District Market Supervision Bureau said that at present, sensors and cameras are installed for 480 elevators in old communities with a service life of more than 15 years, which are included in the scope of system supervision. "If there are many trapped incidents and fault incidents in elevators, they will be closely monitored. At the same time, the behavior of’ falsification’ in elevator maintenance in the past will also be effectively suppressed. "

"N" refers to the integration of N data of various business systems in use. Make full use of information technologies such as cloud computing and data capture, and fully integrate 50 business systems in use, such as enterprise registration, food risk management and control, and medical device management, to break down data barriers and strengthen data integration and flow.

In March this year, it was put into use to bring more high-risk points into the platform supervision.

The person in charge said that the construction of this platform aims to realize the intelligent supervision of "more comprehensive market players, clearer risk awareness and more effective market supervision". Jiangbei District Market Supervision Bureau will steadily push forward the trial operation of the platform and put it into use in mid-March.

The person in charge said that in the next step, the Jiangbei District Market Supervision Bureau will intensify the platform upgrade, improve the scoring system and raise the self-discipline awareness of operators. On the basis of the existing platform construction, we will continuously expand the scope of platform supervision, include all kindergartens, major catering concentrated areas and high-risk points in the whole district, actively explore the smart supervision of farmers’ markets, and promote the new achievements in the supervision of big data smart markets in Jiangbei.

Hualong.com reporter Li Huaqiao

Original title: Chongqing’s first AI capture food and beverage violation system appeared in "Clairvoyance" to capture these food and beverage habits.

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