Text/Tanma Blue Flag

From Handan East Station, go west along Hanwu Expressway, and you can reach Wu ‘an City in an hour’s drive. After crossing the Wu ‘an boundary, the castle peak is faint, and there are chimneys of all sizes in the light gray background in the distance.

Wu ‘an, dotted by the Taihang Remnant Vein, has been a major smelting town in China since ancient times. Its history of mining and smelting iron began in the Warring States and flourished in the Western Han Dynasty, and lasted for more than 2,000 years. Wu ‘an, which made its fortune from underground resources, was known as the local "Little Beijing" decades ago. With the strong attraction of steel and other industries, a large number of foreigners flocked to Wu ‘an, and the scenery was the same for a while.

However, the county-level characteristic economy dominated by steel not only brings a halo to Wu ‘an, but also brings troubles of environmental pollution to Wu ‘an. High pollution was another image of Wu ‘an, and seeking economic transformation has become a top priority for Wu ‘an.

In April 2012, Wu ‘an Yinlong New Energy Industrial Park was established. This factory covers an area of 2,600 mu with a total investment of 30 billion yuan. There are Hebei Yinlong Xinyuan Co., Ltd., North Aoti Nanotechnology Co., Ltd. and Zhuhai Guangtong Automobile Company Handan Branch, which can provide tens of thousands of jobs. As a gift from Wei Yincang, the founder of Yinlong New Energy, to his hometown, the annual output value of the industrial park can reach 120 billion yuan after it is fully put into operation, which is equivalent to rebuilding Wu ‘an.

It’s been 30 years since Wu ‘an was founded in the county, and now the local ruffians have all gone, the steel mills have cut production, the coal mines have been closed, and the most promising new energy sources are not working.

The taxi driver’s master chatted with Hunting Cloud Network about Wu ‘an’s past, and when it comes to new energy, his expression suddenly faded. Wu ‘an Yinlong New Energy Industrial Park, a factory with all the hopes of Wu ‘an sprinting for a new economy, and Yinlong, led by Dong Mingzhu, are currently mired in the whirlpool of public opinion about the suspension of production.

On June 1, 2018, during a field visit to Wu ‘an Yinlong New Energy Industrial Park, Hunting Cloud found that the seriousness of Yinlong’s production suspension was beyond imagination, and its influence was far beyond its own scope. The changes that have taken place in a startup enterprise are, to some extent, the projection of the whole industry’s rapid progress.

The bus inventory is shocking, and it has been dusty for too long.

There are lithium titanate material factory, lithium ion battery factory, energy storage system assembly factory and new energy pure electric vehicle assembly factory in Yinlong Industrial Park in Wu ‘an, forming a new energy industry chain that supports each other in business.

Now, this chain is undergoing a chain reaction of deterioration. Due to the sluggish business in Wu ‘an Guangtong Automobile Factory, there were no sales orders, resulting in a large number of vehicles in stock. The suspension of production in the vehicle workshop directly led to the shutdown of Yinlong battery production workshop, which led to a large number of employees leaving.

Zhao Jia, who is waiting for the bus, told Hunting Cloud that she has been working in Yinlong Battery Factory for more than three years. About six months ago, orders in the factory began to decrease, and there was not much work.

"When there was an order before, it took 12 hours and took 12 hours off; Now there is less work, 12 hours, 24 hours off, and three shifts. "Zhao Jia said frankly," I used to be tired, and I earned more than 4,000 yuan a month. I came out just to earn money. It’s nothing to work overtime. Now I earn much less, and the salary can be more than 2,000. It’s ok for female employees to earn so much, but it’s not justified for men to earn so little. Many colleagues quit because they think the salary is low and they can’t afford it financially ….. "

According to Zhao Jia, as the largest battery factory in Yinlong, the lithium titanate batteries produced here are used by the opposite side (Hunting Cloud Network Note: Hebei Guangtong Automobile Factory) and the Zhuhai Headquarters. Due to the reduction of orders for electric buses, there is no work in the battery factory.

Another employee revealed that only the No.3 workshop is now producing normally, and all other workshops have stopped. Employees have holidays and can only be arranged to go to work on notice.

　

"Why not report it to the relevant departments?"

"The relevant department replied that the insurance has been communicating with Yinlong."

"I’m doing business next to Yinlong Factory. Yinlong came over when it built the factory. It’s been five years since I built this house in my own land," Wu Dabo told Hunting Cloud Network. "At first, I cooked seedlings and sold other things at the same time. I didn’t cook, but there were more workers and more people eating, so I changed it into a small restaurant."

When talking about the business situation, Wu Dabo shook his head: "When the business was good, more than 100 people came to eat in the morning, but now it’s no good. Only a few people eat barbecue and drink here at night."

Informed sources told Hunting Cloud that they were all on holiday, and the factory didn’t pay the employees for three or four months (Hunting Cloud Network Note: no salary), and some employees left their jobs without paying the expenses (Hunting Cloud Network Note: salary). Yinlong vehicle workshop plus battery factory, originally more than 9000 people, now only more than 1000 people have left.

This person also revealed that according to the agreement signed by Yinlong and relevant partners, Yinlong can get a three-year financial subsidy (Hunting Cloud Network Note: this subsidy does not refer to the national financial subsidy for new energy vehicles), and now it has been replenished for three years, and no subsidies will be made. The insider said that because the car made by Yinlong was "unqualified" (note: short cruising range here), if it could not be sold, there would be no order.

One of the manifestations of the decrease in bus orders is the increase in bus inventory. In Yinlong Guangtong Automobile Factory, a large number of buses are accumulated in the open space around the factory because they cannot be sold externally. These unsold buses are mainly in three colors: green, blue and pure white. There are about 500 vehicles at the rear and right side of the factory.

These 3355 buses are allocated to each park that has been put into production, and there are not many vehicles produced in each park. Therefore, the inventory of 500 buses in Wu ‘an Yinlong Industrial Park is shocking, and the inventory pressure in Wu ‘an factory area can be imagined.

Seeing the amazing inventory of Guangtong Automobile, it is not difficult to understand that Yinlong Battery Factory took the initiative to stop production. It can be judged that those dusty buses have been parked on the site for some time. They are either unsold vehicles with problems or normal unsold vehicles, and either one is Yinlong’s trouble.

The pure white bus is the latest production, and it can be seen that drivers drive it in and out from time to time and drive on the ring road of the factory. Yinlong employees told Hunting Cloud that this was a new car road test.

For the large-scale shutdown of Wu ‘an Yinlong factory, some people choose to leave, while others choose to stick to it, no matter what kind of choice they make, it is for their lives.

Employees have mixed feelings: some choose to leave, while others choose to stay.

In Wu ‘an, when you ask how to get to Yinlong Factory, people in their seventies can skillfully show you the nearest way. In Wu ‘an, it is not too much to say that Yinlong is a household name.

Walk from Wu ‘an Town, cross the high archway of Xichangyuan Village, turn two corners in the village, and walk not far to the back door of Yinlong New Energy Industrial Park. Most people in the neighborhood work in Yinlong. At around 8:30 in the morning, employees in Yinlong green overalls can be seen riding electric cars through the village.

As to why he chose to stay, Zhao Jia told Hunting Cloud Network that Wu ‘an is strict about environmental protection, steel mills are reducing production, and Yinlong’s environment is much better than that of steel mills, with buses commuting and dormitories to live in, which provides great convenience for employees.

"It would be better if the benefit of the factory is good. After all, the environment here is better, the work is not too tiring, and the steel plant is too dirty, so we women workers are reluctant to go," Zhao Jia explained.

In Yinlong Industrial Park, there are all kinds of living facilities, such as staff dormitory, dining hall and staff activity places. The environment in the park and workshop is much better than that in local steel mills, cement plants and chemical plants in Bi ‘an, so Yinlong Factory is still a good choice, even the only choice, for local employees in Wu ‘an. It is not difficult to understand why some people are still unwilling to leave their jobs after being owed wages for several months.

In addition, some employees revealed that Yinlong mainly left the front-line production staff, that is, "those who made batteries", while there were more than 30 people in the quality control department, and fewer employees left.

For the employees who left, some people are full of resentment against Yinlong; For those who stay, some people try their best to maintain the positive image of Yinlong, thinking that dismissing employees is the company’s downsizing and increasing efficiency; There are also on-the-job employees who reveal their true thoughts and hope that the media can make some objective reports, which are neither partial nor exaggerated, so as to urge Yinlong to pay attention to the interests of employees.

Of course, more local people hope that Yinlong can recover, which is not only out of the selfishness of finding a job and supporting the family, but also the expectation of Wu ‘an’s economic transformation as a member.

Wei Yincang’s "Black Hole" Superimposes Dong Mingzhu’s "Great Leap Forward"

Wei Yincang, a native of Wu ‘an, Handan, won the first bucket of gold in his early years in Wu ‘an.

In 2008, Wei Yincang founded Yinlong New Energy Co., Ltd. in Zhuhai and entered the field of new energy; In 2010, Zhuhai Yinlong spent 57.5 million US dollars (about 400 million RMB) to acquire 53.3% of the shares of American Aoti, and Yinlong mastered the production technology of lithium titanate battery; Since the implementation of industrialization investment in 2009, Yinlong has carried out a comprehensive layout around lithium titanate core materials, batteries, motor control, charging equipment, energy storage and pure electric vehicles.

In 2016, after Dong Mingzhu, who regarded Yinlong as a dark horse, failed to acquire Yinlong in Gree Electric, he joined hands with Dalian Wanda Group headed by Wang Jianlin, Suqian Hanbang Investment Management Co., Ltd. under Liu Qiangdong, CIMC Group and Beijing Yanzhao huijin international Investment Co., Ltd., a mysterious shareholder, to jointly increase the capital of Zhuhai Yinlong by 3 billion yuan. Since then, Dong Mingzhu entered Yinlong, and the iron lady’s tough work style began to permeate every corner of Yinlong.

Later, everyone is familiar with the story. Yinlong’s management was reshuffled, founder Wei Yincang left the post of chairman, and Gree executives entered the core management.

The shutdown of Wu ‘an Yinlong New Energy Industrial Park is not an isolated case, and other industrial parks invested by Yinlong all over the country are also facing similar difficulties.

In 2017, Dong Mingzhu signed a project cooperation agreement with Luoyang on behalf of Yinlong New Energy and Gree Electric, including Yinlong’s investment of 15 billion yuan to build a new energy industrial park in Luoyang High-tech Zone. Now, half a year later, Luoyang Industrial Park is still a "wilderness".

The situation of Yinlong Chengdu Industrial Park is also not good. The automobile factory is in a semi-stop state because there is no order, and the second phase of the project, namely the lithium titanate battery project, is suspected to be in a state of stagnation.

As a key park of Yinlong in North China, Shijiazhuang Park was once one of the three production bases of Yinlong, and now some workshops are also in a state of suspension.

Yinlong has always been a "dark horse" among new energy automobile enterprises. From the acquisition of Aoti Nano to Dong Mingzhu’s shareholding with a number of star entrepreneurs, Yinlong’s aura is incomparable to ordinary enterprises. The root cause of Yinlong’s large-scale shutdown is not from a single factor — — It is not only related to the things in Yinlong gene, but also to the violent changes of Yinlong in recent years and the Great Leap Forward.

After Dong Mingzhu became a shareholder in Yinlong, a large-scale industrial park was built in order to "scramble for land" before the new energy policy was tightened. At present, Yinlong has at least 11 industrial parks in China. After Dong Mingzhu became a shareholder in Yinlong, the total investment of new energy industrial park projects signed by Yinlong reached at least 80 billion yuan.

So, where does the money for investing in industrial parks come from? Borrow.

In May 2017, CITIC Bank granted a credit of 27.6 billion yuan to Zhuhai Yinlong Group, which can be used for pledge financing of subsidies for new energy vehicles, and provided construction loans totaling 8 billion yuan to Chengdu Yinlong and Tianjin Yinlong bases. In addition to CITIC Bank, many banks such as China Construction Bank and Ping An Bank also provided financial support to Yinlong.

Dong Mingzhu’s "Great Leap Forward" only had a strategic position, and did not consider too many consequences. As of December 31, 2017, Yinlong’s total assets were 31.512 billion yuan, while its total liabilities reached 23.767 billion yuan.

Dong Mingzhu governed Yinlong in his own way. After "taking the pulse" for Yinlong, she said rudely that from a cultural perspective, Yinlong lacks corporate culture and craftsmanship, and it must be completely subverted; From the business model, Dong Mingzhu’s "dagger" stabbed Yinlong directly — — Yinlong used to rely on bank financing to survive. As a manufacturing enterprise, it should rely on the market to solve problems.

Careful people will find that since Dong Mingzhu dominated Yinlong, Yinlong official website has made great adjustments, and the "four-way win-win" model of bus companies, new energy vehicle companies, local governments and financial institutions that Yinlong had vigorously promoted before has disappeared.

According to Yinlong’s business model of "zero-price car supply, 10-year lease, 10-year warranty, vehicle replacement and win-win for all parties", bus companies only need to do a good job in operation scheduling and management, and vehicle manufacturers are responsible for the 10-year warranty of the vehicle "three electricity" system. The bus pays the rent by means of financial lease, with zero down payment and the car payment by ten-year installments.

This model can alleviate the one-time payment pressure of local finance and increase orders for Yinlong, but it is difficult for Yinlong to obtain sufficient funds from the sales of buses to support the further development of the enterprise. It can be inferred that Dong Mingzhu has denied this model.

While Dong Mingzhu emphasized "relying on the market to solve problems", Yinlong has obviously not done it.

Yinlong’s main lithium titanate battery product has many advantages: it can be quickly charged and discharged in 6 minutes, can withstand wide temperature (-50℃~+60℃), has a 30-year cycle life, has high safety without fire and explosion, and has low life cycle cost.

However, the disadvantage of lithium titanate battery is also obvious: its cruising range is short, which is not attractive to consumers who are full of mileage anxiety at present, and its products are mostly used in the bus market. After all, the growth of the city’s bus market is limited, and it will face bottlenecks to a certain extent. Now the suspension of production in Wu ‘an Yinlong factory is directly related to this.

The operating data of Yinlong in recent years is not ideal. According to Gree’s previous announcement, Yinlong’s operating income in 2016 was 7.898 billion yuan and its net profit was 836 million yuan. It is worth mentioning that the amount of state subsidies declared by Yinlong in 2016 alone was as high as 2.135 billion yuan. In 2017, Zhuhai Yinlong’s operating income was 8.752 billion yuan, its net profit was 268 million yuan, and its net profit decreased by 67.94%.

In response to the current shutdown event, the relevant person in charge of Yinlong said that Wei Yincang, the founder of Yinlong, left some black holes. At present, Yinlong has carried out internal rectification around product quality, supply chain management and manufacturing. Due to the great changes in Yinlong’s senior management team and the implementation of new management concepts and standards, the supplier system has been reshuffled, and some suppliers have failed to get payment due to quality problems. According to incomplete statistics, the overdue payment of Yinlong is at least 1.2 billion yuan.

Therefore, the present predicament of Yinlong is caused by the superposition of Dong Mingzhu’s "Great Leap Forward" expansion and the "black hole" left by Wei Yincang, not by a single factor. It is worth mentioning that the operating difficulties faced by Yinlong have affected its IPO process.

Only eight months after China Merchants Securities entered the counseling, the listing of Zhuhai Yinlong came to an abrupt end.

Regarding the latest progress in the internal rectification of Yinlong, Hunting Cloud Network tried to interview the relevant person in charge of Yinlong, but the other party did not respond.

The future is uncertain and there is not much time left for Yinlong.

The measures taken by Yinlong can be seen from the employees.

In the face of the shutdown of the Wu ‘an factory, at the beginning, Yinlong adopted the practice of sending some of its employees to Gree for digestion. To this end, Gree also specially held a "double election meeting" for Yinlong employees, and trained these employees of Yinlong. Some employees are quite satisfied with this.

Yinlong under Dong Mingzhu is now facing a complicated situation.

It is rumored that Yinlong will shift from bus products to passenger car products, which means that a number of new production lines and teams need to be established as soon as possible, and passenger cars need to be developed. Is there room for Yinlong in the already crowded electric passenger car market?

In addition, if developing passenger cars, Yinlong’s lithium titanate battery is absolutely impossible. Yinlong needs to find new battery technology or purchase battery products produced by other enterprises. If Yinlong wants to develop ternary batteries by itself, unless it has a long-term technical reserve, time and market will not allow it.

Or, it is also a good choice to merge with other potential battery companies and save the country by curve. The problem lies in whether there is a good target and whether Yinlong has enough financial support.

For new energy automobile enterprises, these three years are extremely crucial at present, and the rapid decline of subsidy policy will make the whole vehicle and parts enterprises reshuffle.

There is another test. Will the shareholders who have been investing money and can’t harvest continue to support Dong Mingzhu and Yinlong?

There’s really not much time left for Yinlong.

　　On March 16th, the State Council Financial Stability and Development Committee held a special meeting to study the current economic situation and capital market issues. Affected by this, A shares immediately rose across the board. As of the close of the day, the Shanghai Composite Index rose 3.48% to 3,170.71 points; Shenzhen Component Index rose 4.02% to 12,000.96 points; The GEM index rose 5.20% to 2,635.08 points.

　　Experts believe that at present, the global political and economic situation is complicated and changeable, unstable and uncertain factors are increasing, and the fluctuation of international financial market is intensifying. The the State Council Financial Committee held a meeting to respond to the hot spots and key issues concerned by the market in time, sending a clear signal of stable economy, stable market and stable growth, showing the bright background of China’s strong economic resilience and sufficient policy space, and effectively stabilizing market expectations.

　　Firmly support the development of the real economy.

　　The meeting called for coordinating epidemic prevention and control and economic and social development, keeping the economy in a reasonable range and keeping the capital market running smoothly. With regard to macroeconomic operation, we must implement the decision-making arrangements of the CPC Central Committee, effectively revive the economy in the first quarter, take the initiative to respond to monetary policy, and maintain moderate growth in new loans.

　　"The meeting released a signal that the central government attaches great importance to stable and healthy economic development, indicating that steady growth is still the current policy focus." Zhou Maohua, a macro researcher in the financial market department of China Everbright Bank, said that the meeting clarified the implementation path of macro policies. Next, the policy force should be appropriately advanced, and the reserve policy tools should be used in time to ensure the smooth operation of the economy.

　　"Monetary policy should seize the time window, be more proactive and aggressive, and timely use various monetary policy tools such as RRR cuts and interest rate cuts to make accurate efforts." Dong Ximiao, chief researcher of Zhaolian Finance, said that at present, the weighted average deposit reserve ratio of financial institutions in China is 8.4%, and there is still room for RRR reduction; The convenient operating interest rate for medium-term lending has remained unchanged for two consecutive months, and it is necessary and possible for policy interest rates and market interest rates to continue to decline. At the same time, it is necessary to further unblock the transmission mechanism of monetary policy, increase positive incentives for financial institutions, and inject liquidity into the real economy more efficiently and accurately.

　　When conveying the spirit of the meeting of the Learning Finance Committee, the People’s Bank of China said that monetary policy should take the initiative to respond, new loans should maintain moderate growth, support small and medium-sized enterprises vigorously, firmly support the development of the real economy, and keep the economy running in a reasonable range.

　　"It is expected that a prudent monetary policy will exert moderate efforts in 2022, promote the moderate expansion of credit, guide financial institutions to increase their support for the real economy, especially small and medium-sized enterprises and technological innovation enterprises, further reduce the financing cost of the real economy, and effectively hedge the downward pressure on the economy." Chen Li, chief economist of Chuancai Securities, said.

　　In the face of the impact of the epidemic, it is urgent to "release water to raise fish", enhance the willingness of enterprises to invest and produce, and stimulate the vitality of market players. This requires active fiscal policies to improve efficiency and help enterprises bail out. Tian Lihui, dean of the Institute of Financial Development of Nankai University, said that on the one hand, it is necessary to implement the annual tax rebate and tax reduction target of about 2.5 trillion yuan as soon as possible, focusing on supporting key industries such as small and medium-sized enterprises, individual industrial and commercial households and manufacturing industries, and enhancing the vitality of market players; On the other hand, we should actively expand effective investment, focus on the country’s major strategic deployment and the "14 th Five-Year Plan", moderately advance infrastructure investment, continuously optimize the investment structure, and effectively play the role of steady growth of investment.

　　"While giving full play to their respective advantages, fiscal policy and monetary policy should also strengthen coordination in terms of policy direction, action time and policy intensity to enhance policy effectiveness." Tian Lihui said that policies such as employment, industry and investment should also be coordinated to maintain the forward-looking, timeliness and stability of macro policies and escort China’s economic stability.

　　Keep the capital market running smoothly.

　　Recently, A-shares have undergone a round of substantial adjustment due to the superposition of multiple factors such as the continuous spread of the global epidemic and the geopolitical conflict between Russia and Ukraine.

　　The meeting of the Finance Committee stressed that relevant departments should earnestly shoulder their responsibilities, actively introduce policies that are beneficial to the market, and prudently introduce contractive policies. Any policy that has a significant impact on the capital market should be coordinated with the financial management department in advance to maintain the stability and consistency of policy expectations.

　　"The capital market is closely related to the development of the real economy, to the vital interests of hundreds of millions of ordinary investors, and to financial stability and social stability." Dong Ximiao said that it is very timely and necessary for this meeting of the Finance Committee to explicitly demand the stability of the capital market.

　　Stabilizing the capital market is inseparable from stabilizing market players. Chen Li said that due to the epidemic, China’s real economy is facing many difficulties, and it is necessary to increase support for the real economy, especially small and medium-sized enterprises. On the one hand, support policies need to be more targeted, and financial institutions should thoroughly study the needs of different enterprises, especially the characteristics of financial needs of small and medium-sized enterprises, to ensure that credit funds are smoothly invested in the real economy; On the other hand, it is necessary to further improve the efficiency of market resource allocation and fill the shortcomings of the capital market in serving small and medium-sized enterprises and technological innovation enterprises.

　　When conveying the spirit of the meeting of the Learning Finance Committee, the China Securities Regulatory Commission said that the next step would be to push forward the reform of the stock issuance registration system in an all-round way, improve the bond financing support mechanism of private enterprises, and promote the development of venture capital.

　　"Promoting the registration system in an all-round way can effectively alleviate the financing difficulties of enterprises, strongly support the development of innovative and entrepreneurial enterprises, and accelerate the transformation and upgrading of China’s industry." Tian Lihui said that it is necessary to continuously improve the construction of the basic system of the capital market, including setting up a market stability fund, optimizing the short-selling trading mechanism, improving the supervision ability and level, and establishing a delisting system that matches the registration system, so as to better serve the full implementation of the registration system.

　　Maintaining the stability of the capital market is a systematic work. "The Finance Committee meeting emphasized that policies that have a significant impact on the capital market should be coordinated with the financial management department in advance. Only in this way can individual rationality be prevented ‘ Fallacy of composition ’ To maintain the stability and consistency of the policy. " Dong Ximiao said that relevant departments should also introduce more targeted policies and measures, provide "real money and silver" to support the healthy development of the capital market, introduce more long-term funds and institutional investors, and enhance the stability of the capital market.

　　Strong economic resilience and sufficient policy space

　　Market participants believe that the meeting of the Finance Committee released a positive signal of stable expectations and steady growth, which further highlighted the background of China’s strong economic resilience and sufficient policy space.

　　"Since the beginning of the year, the downward pressure on China’s economy has increased, overseas epidemics have continued to spread, international geopolitical conflicts have escalated, energy and commodity prices have risen, policies in developed economies have turned, and global financial markets have been turbulent. At the same time, domestic demand is still in the recovery stage, the imbalance of industry recovery is very prominent, and the operation of small and medium-sized enterprises still faces challenges, which have affected market expectations. " Zhou Maohua said.

　　Stabilizing the market must first stabilize expectations. The meeting of the Finance Committee was decisive and effective, which responded well to market concerns, boosted market confidence and stabilized development expectations.

　　"The A-share market has sprung up, and the stock prices of Hong Kong stocks, especially Internet companies in Hong Kong stocks, have risen sharply, sweeping away the gloom of the decline in the past few days and giving a strong boost to market confidence." Yang Delong, chief economist of Qianhai Open Source Fund, said.

　　Chen Li believes that A-shares may continue to be disturbed in the short term due to negative factors such as the Russian-Ukrainian conflict, the Fed’s interest rate hike, and the spread of the epidemic. However, in the medium and long term, with the coordinated efforts of fiscal policy and monetary policy, domestic liquidity is guaranteed and economic development has long-term resilience. At the same time, new infrastructure, new energy, high-end manufacturing and other industries will release new growth momentum for China’s economy and help the A-shares to continuously enhance their resilience.

　　"There should be enough confidence in the follow-up performance of the A-share market." Tian Lihui said, first of all, the Chinese government attaches great importance to economic development and has a rich policy toolbox, and will continue to introduce strong support policies in due course. Secondly, China’s A-shares are moving towards high-quality development, and a number of "little giant" enterprises are emerging, and investment opportunities in the capital market are constantly emerging, attracting global investors to increase the allocation of the A-share market. Thirdly, China’s market players, institutions and investors are maturing, and the concept of value investment is gradually taking shape.

　　At present, China’s national economy continues to recover, the main macroeconomic indicators are running in a reasonable range, and the performance of listed companies is stable and good, laying a good foundation for the annual economic performance. Experts said that with the active deployment of the Finance Committee meeting, it is expected that the steady growth policy will continue to exert its strength in the future, escorting China’s stable economy and the healthy and stable development of the capital market.

"Red Star News" WeChat official news on September 1, recently, Red Star News received a report that someone on the Chinese forum of the dark network sold the relevant data of SF Express and Logistics, entitled "Exclusive Data of 300 million SF Express Logistics".

Screenshot of dark network trading market page　　

From the 100,000 pieces of inspection data provided by the informant, the Red Star journalist randomly dialed more than 10 people and found that the phone number, name and address were all real, and the phone owner did use SF Express to receive and send items.

In this regard, Li Tiejun, a network security expert, told the Red Star journalist that whether the news on the dark network is true or false is the latest data or the data that has been leaked before and sorted out later needs to be confirmed.

At present, SF said that it had called the police for the first time, and the police have not announced the progress of the incident.

The dark net has been registered for a month and a half.

A total of more than 100 sales information stickers were posted.

The informant revealed to the Red Star journalist that he had logged into the Chinese forum of Dark Network and found the trading area of the website. Under the category of "data and intelligence", a user with the ID of "bijiaodiao1688" posted a post of "exclusive data of 300 million express logistics in SF Express" at 5: 14 pm on July 18th.

Screenshot of selling information webpage

After clicking on the post, the seller "bijiaodiao1688" emphasized that "the data that can be sold this time is the exclusive data of SF Express Logistics", and said that these data totaled 300 million pieces, including the name, address and telephone number of the sender, and the price was 2 bitcoins (calculated at the price on August 28, about 96,000 yuan).

In the post, "bijiaodiao1688" indicates that the buyer can pay 0.01 bitcoin (calculated at the price on August 28th, about RMB 480 yuan) to inspect 100,000 pieces of data. It also specifically stated in the post that everyone’s data were randomly selected from 300 million articles, and all the data of everyone were not completely consistent.

As of August 28th, the number of data sold in the post is 100, and the number of transactions has been 9. Due to the setting of the dark net, we can’t see the chat records of the seller "bijiaodiao1688" and other buyers, only the last login time of the publisher of the post is in the near future.

According to the webpage, "bijiaodiao1688" was registered on the morning of July 11th. Over a month, more than 100 posts have been posted, most of which are for the sale of various information.

On July 31st, "bijiaodiao1688" published a post titled "SF 2017 Leak". In the post, "bijiaodiao1688" said that the data sold were SF 2017 data, and it once again emphasized exclusivity. This time, 0.5 bitcoin can buy 20 million pieces of data, and it also promises that the data is among 300 million pieces, and 0.5 bitcoin is the buyout price, "never sell it to others". This time, the number of data sold is 30, the price is 0.1 bitcoin, and the number of transactions has been 3.

According to the trading rules of dark net, all websites are settled by bitcoin, and bitcoin can be split into units with a minimum of 0.01. "This is to reduce the information asymmetry between the two parties. If the buyer finds it is not true after inspection, it can be complained within three days."

An industry insider, who asked not to be named, told the Red Star journalist that the dark net adopted a delayed settlement model similar to Alipay. After three days of receiving the purchased goods, if there is no complaint, it means that the transaction is completed and the station will allocate Bitcoin to the seller.

Randomly verify that the information of more than ten people is true.

Expert: Does it need a lot of verification?

Li Tiejun, a network security expert, told Red Star News reporter that the dark net blocked the search engine, so websites could not be found by ordinary people through search engines, and some illegal or even suspected criminal materials would be sold on the dark net.

The Red Star journalist saw from the screenshots of relevant pages provided by the whistleblower that in the same forum, there were many posts selling data such as hotel opening data of Huazhu, Zhejiang student status, first-hand data of 180,000 shareholders, university teacher data, 1 million real-name ID numbers and names, and all of them were being sold simultaneously. Among them, for the suspected leakage of the hotel opening data of Huazhu, Huazhu Group has said that it is currently cooperating with the police to investigate and promised to inform the public of the investigation results as soon as possible.

The informant contacted "bijiaodiao1688" as the buyer. After paying 0.01 bitcoin, "bijiaodiao1688" sent a network disk address with an extremely complicated password, and said, "Please confirm it, and we will follow up your needs later".

The address of the network disk refers to a document named "10w1". The information number shows a total of 100,000 pieces, and there are actually 97,624 pieces. The leaked customer information is distributed all over the country, including name, telephone number and very detailed address of each person. For example, "Xu X, 138XXXX8460, No.1×4, XX Avenue, Majiadian Street, zhijiang city, Yichang City, Hubei Province", "Xie Xli, 131XXXX1875, A1X3, XX Community, No.121, XX Road, Hedong District, Sanya City, Hainan Province" and so on.

In this regard, Li Tiejun is cautious. He reminds Red Star journalists that the news on the dark net is true or false and needs to be verified. Li Tiejun said that in general, some samples of the sales data will be verified. "If there are 300 million pieces of data, there should be at least 30,000 pieces of data to verify." In addition, whether it is the latest data or the data that has been leaked before and sorted out later needs to be confirmed.

soon afterwardsRed Star journalists randomly called 20 of them, 17 of whom had the same name, phone number and address as the contents of the document, and had also used SF Express to send and receive express delivery, and 3 of them did not answer the reporter clearly.

On the morning of September 1st, @ SF Group responded in Weibo that the company had reported to the police at the first time, and the data sold by the dark network was not SF data after cross-verification by technical means. Secondly, the data sold by the dark network do not involve the logistics characteristic information such as express mail order number, consignment, receiving and dispatching time, etc., and its source is unknown, and the purpose is suspicious in the name of SF. Because of its strong anonymity, the dark network has become a hotbed of black market and criminal proceeds, and there are great hidden dangers and risks. Everyone must pay attention to prevention and identification.

What is a dark net? Internet dark zone

Anonymous encryption makes it difficult for the police to verify

According to several media reports, in mid-November, 2016, the Netan Corps of Beijing Public Security Bureau successfully destroyed a group that used Internet media such as "dark net" to spread pornographic information about children for the first time, and arrested eight suspects. This case became the first case of illegal crimes committed by overseas secret network in China.

According to public information, the dark web is a subset of the Deep Web, belonging to a small part of the deep web. It refers to the collection of resources that are stored in the network database but cannot be accessed through hyperlinks but need to be accessed through dynamic web technology, and does not belong to the surface networks that can be indexed by standard search engines.

Li Tiejun told the Red Star journalist that all the things sold and communicated on the dark net are basically illegal, which is not allowed by laws of all countries. There are all kinds of bad things such as human trafficking and pornography on the dark net, and the darkest places on the internet are all on it, so it is called the dark net.

"Dark networks are all anonymous from communication website establishment, domain name application and other aspects, and various encryption methods are also used in various communication processes, so it is difficult to be tracked. Dark-net transactions use bitcoin, which makes it easy to hide yourself. At the same time, who sent the post and who received the money, even if the police were reported, it was very difficult for the police to verify it. They didn’t know which country was in charge, and it was very difficult for Interpol to track them. " Li Tiejun said.

SF had a case in which customer information was leaked before.

The employees involved were investigated for criminal responsibility.

Where did the leaked customer information come from? Who leaked it? SF said that it had called the police for the first time and the police had not announced the progress of the case.

According to media reports, in the inspection information, Hubei Province appeared the most times, with the number reaching 50011 times; Guangdong province followed, with the number of occurrences reaching 8117; Jiangsu province ranked third with 7446 times. Among them, Hubei province has become the hardest hit area for information leakage.

Coincidentally, in May 2018, the Jingzhou City Court of Hubei Province announced a SF data leakage case involving SF Express agents and several employees. There are more than 10 million pieces of personal information of citizens suspected of being leaked in this case, involving more than 2 million yuan. According to reports, relevant persons of SF Company said that the information security department of SF first discovered the abnormality of Hubei regional data, and handed over the clues of relevant cases to the local police for reporting.

According to the criminal ruling published by China Judgment Document Network, since the second half of 2015, 19 people, including Du Liming, a courier of Hebei SF Express Co., Ltd., have used WeChat, QQ and other software platforms to sell, provide and illegally obtain citizens’ personal information including SF Express’s bill number and face sheet (that is, pictures including SF Express’s bill number, address and telephone number) in order to seek illegal benefits. On December 6, 2016, the public security organs seized 52 emails in Du Liming’s QQ mailbox, containing 19,965 personal information of citizens. According to the statistics of Du Liming’s WeChat bill, the illegal income from selling citizens’ personal information is more than 160,000 yuan. In this case, more than 10 million pieces of personal information of citizens suspected of being leaked were finally seized, involving an amount of more than 2 million yuan. Nineteen suspects were sentenced to fixed-term imprisonment ranging from one to three years.

Zhao Zhanling, legal adviser of Credit Evaluation Center of Internet Society of China, told Red Star News reporter: "It is difficult for us to directly judge whether the SF customer data sold in the dark network is true or false. We are not sure through which channel and who leaked these customer information. It’s better to report the case and let the police investigate the source of the leak. If someone obtains data through illegal means, for example, stealing information through technology intrusion into the SF system, it is suspected of committing a crime, or it may be obtained by netizens through other online accounts. "

If this information leak is true, does SF take responsibility in this matter? Zhao Zhanling said that it depends on whether SF Express has fulfilled its responsibility and obligation of security, because there is a cooperative relationship between users and SF Express, and users submit personal information to SF Express, so SF Express should take measures to protect users’ information security. If SF employees secretly resell or the system has technical loopholes, which causes hackers to invade and steal information, in both cases, SF has not fulfilled its obligation to protect information security and should be liable for compensation to users.

Lawyer’s suggestion: the company can set two password keys to protect information.

Liu Lin, a lawyer of Beijing Shuangli Law Firm, told Red Star that at present, the protection of citizens’ personal information in China can be divided into two levels: legal protection and personal agreement protection.

The act of selling citizens’ personal information on the Internet first infringes on the rights of citizens whose information has been leaked, and if the circumstances are serious, it may constitute the crime of infringing citizens’ personal information or the crime of selling or illegally providing citizens’ personal information. No matter on which platform the personal information of citizens is leaked, as long as it meets the criteria for judging personal information and there are acts of selling or illegally providing it, it will constitute infringement, and if the circumstances are serious, it will constitute a criminal offence.

Liu Lin suggested that in recent years, cases of users’ personal information being leaked and sold have occurred from time to time, and many data were leaked by small staff in the company. If a large company wants to prevent information leakage, it can set two password keys, one for the company manager and the other for the law firm, and the lawyer who has the password key must be a senior lawyer who knows the legal risks, for example, a lawyer who has been practicing for more than 8 years can have the password key authority. When you need to open it to get the user’s personal information, you must have two password keys to open it at the same time, so as to protect the user’s personal information.

(The original title is "SF 300 million customer data is suspected to be leaked. The reporter actually measured that there are calls for SF customers")

“

More abstract than Inception, harder than Interstellar.

In this world, nothing can beat the fans.

　

If there is, the big probability is that you haven’t seen enough movies.

　

For example, the recently popular"Metauniverse".

　

Although the meaning of this high concept has not yet been clarified, game companies, social networking sites and technology companies with strong funds for endorsement have swarmed to occupy this highland.

　

This is even more curious: what does the metauniverse mean?

　

In fact, as long as you have seen it.Red Pepper, The Matrix, Inception, Full Memory and Ready Player One.andFree GuyThis batch of science fiction classics, then you can realize:

　

Meta-universe is nothing more than a future technology that changes the world as well as the living state and perception mode of human beings.

　

But these movies also warn us that when we are deeply immersed in this "virtual world", the essence behind the meta-universe, which is concealed by the skyrocketing funds and phenomenal discussions, becomes elusive …

　

The most classic discussion on this issue is an unpopular masterpiece eight years ago-Conference on futurology.

　

Conference on Futurism (2013)

In the future, people are worthless.

　

As a mixed work of real people and animation, the film form of Futurism Conference is refreshing.

　

directorAri FolmanThe previous work "Waltz with Bashir" only returns to reality at the end, while this futurology conference perfectly combines form and content.

　

The film begins with the life of a legendary actress who has passed away.

　

Heroines in Forrest Gump and House of CardsRobin Wright, starring in his real name. She acted as"Miramont" film companyThe veteran diva has brought considerable income to the company.

　

However, in the eyes of the company’s top management, robin wright was too headstrong, often went on strike, and quit the show business because of her son’s illness, so she decided to sign the last contract with her.

　

This contract requires her to preserve her body, expression and appearance through digital scanning technology and become a real one."digital actor"And robin wright himself is no longer important.

　

Such a "digital actor" can simulate the state of different ages through computer technology, that is, this technology creates a virtual image outside the real world.

　

"The world is changing too fast. Without time, everything we cherish in this field will disappear. In the actor field, brokers, public relations managers, recreational vehicles, drugs, cocaine, depression, breakup, lovers, sex scandals, breach of contract, boring scripts to read, the pain of being out of breath, getting rid of public relations and praying for public forgiveness, all these may disappear."

　

The futurology conference seems to herald the ultimate fate of the film industry.：

　

When people’s online viewing habits gradually invaded the traditional cinema, before virtual production and virtual shooting were popularized in the industry, it completely changed the most intuitive jobs of movies.

　

The value of actors is completely destroyed.

　

Robin wright, on the other hand, had to accept the contract because of the dilemma of his son’s impending deafness, after some entanglement and consideration between his dignity and the present situation.

　

In the interpretation of the real part, in the face of the film company’s initial chaos and final abandonment, the protagonist living in the studio seems to be still reluctant to part with the old world.

　

But if only freedom of choice is deprived, the story will not be much wonderful.

　

The futurology congress transcends the times because of its prediction of human destiny.

　

Inner scroll version of Interstellar

Twenty years later, with the hero driving that Porsche classic car on the desert avenue, the ultimate form of visual consumption and landscape society came like a nightmare, and crazy games, an entertainment to death, is coming …

　

Robin wright was invited to attend the futurology conference, and the city she went to was an animation blockade area.

　

Futurism Congress created a virtual world in the form of animation.

　

This seems to be somewhat separated from the real part. Will the future in 20 years really be so abstract?

　

Before entering the analysis, we must talk about the original film, the Polish science fiction master.Stanisław LemCongress of futurology.

　

In this work, Lyme uses extremely figurative words to describe the experience of the protagonist after falling into illusion.

　

The creation background of this short story comes at a time when western society is deeply harmed by psychedelic drugs.

　

It is not only critical of the current disadvantages, but also speculative and philosophical, which makes Futurism Conference one of the most famous soft science fiction works in the history of science fiction literature.

　

The animation part of the film draws lessons from Lyme’s concept and plot.

　

The vivid pictures are eye-catching, and the exaggerated characters are absurd and weird, which also creates a sense of chaotic illusion. With layers of dreams embedded, the protagonist gradually loses himself between coma and awakening.

　

Different from the original work, ari folman put the emotional experience in the first place. robin wright, who has been in illusion for 20 years, always takes family as his motivation.

　

Here, the setting of science fiction is just an obstacle.

　

If Interstellar is the vast sky conquered by human emotions, then the Futurism Conference is."Entrapped" version of InterstellarIt tries to conquer the psychological world that human beings can’t really reach.

　

This is also a place where many fans spit.In the fantasy world where the way of perception and the form of experience can be freely chosen, and the existence and life can be changed at will, can rationality still overcome sensibility?

　

It’s hard for ordinary people, like robin wright, to punish evil and promote good and become heroes, even if they become female robot fighters like in 3R Men.

　

This story simplification is a lazy behavior, but it is not bad, but it is really too straightforward and simple.

　

In this way, "Futurism Conference" wants to create a visual illusion for the audience, substitute it into it and be moved by it. It not only regrets the bleak end of the actor’s brilliant career, but also grieves the deep affection between mother and son.

　

Sad meta-narrative

Aside from its sci-fi settings, Futurism Congress is still about the story of human beings, but it is really not easy to shoot well.

　

In addition to providing extraordinary visual experience, the protagonist is still a little far away from the audience, just like Lyme’s "Star of Solaris", which is as obscure as others.

　

Therefore, as a director, ari folman transformed this transcendental text into an easy-to-understand family story.Max Li XiteThe affectionate and melodious soundtrack will once again carry the sensation to the end.

This way is not uncommon in many sci-fi movies, but Futurism Congress has not gone completely popular, lacking 3D special effects and the care of real life, and it has also rejected the participation of big scenes and action dramas. Instead,Care for human nature.

　

Under the sad meta-narrative mode, the way that Futurism Congress tries to break through is also by manipulating the viewers,Illusion is displayed by animation, and emotion is added by perceptual experience, thus forming an interesting intertextual relationship inside and outside the film.

　

At the anthropological conference attended by robin wright, the upstarts of science and technology gathered people together like popes. They cheered for new inventions and were ecstatic about the so-called bright future.

　

Today, we are dominated by various electronic screens, cheering for EDG to win the championship, marrying virtual idols and buying virtual currency. Will we finally move towards a better new world?

　

The world that mankind is about to face is the further pursuit of human nature after technology reaches a certain level and the ultimate pursuit of utopia.

　

But this utopia is only an ideal form after all, and its essence is to refuse to recognize the rationality of dystopia.The futurology conference has proved this point.

　

The topics of biotechnology and life sciences were widely discussed as early as the beginning of the century. With the sudden explosion of the "meta-universe" and the upcoming iterative innovation in the Internet era, human society is bound to accelerate industrial adjustment under the devastation of a global epidemic.

　

Just as human nature goes to greed uncontrollably, will technology eventually put everyone in a cage?

All this has no answer for the time being.

Author | Li Yu

No cultural elements

Edit | Juan

Planning | Houlang Film Editorial Department

Contact Us

Contribution | cooperation

houlangdianying@hinabook.com

Member | Film Course

Click below to read the original text.

Welcome to play and enjoy with me.

　　Cctv newsThe Supreme People’s Court publicly pronounced the retrial of Zhang Wenzhong case. Defendant Zhang Wenzhong in the original trial was not guilty, defendant Zhang Weichun in the original trial was not guilty, and defendant Wumart Holding Group Co., Ltd. in the original trial was not guilty. The fines executed in the original trial and the recovered property shall be returned according to law. You may not be familiar with Zhang Wenzhong, the defendant in the original trial, but when it comes to Wumart Group, the defendant in the original trial, many people are quite familiar with it. Wumart is the earliest supermarket chain in Beijing and the first private retail enterprise listed in Hongkong, and Zhang Wenzhong is its founder.

　　It is such a private entrepreneur. In March 2009, he was sentenced to 12 years in prison by the Higher People’s Court of Hebei Province for fraud, unit bribery and misappropriation of funds. His sentence was commuted twice, and he was released in February 2013. Today, Zhang Wenzhong was acquitted by the Supreme People’s Court. What the hell is going on here?

　　News background: The whole story of Zhang Wenzhong case.

　　Let’s take a look at Zhang Wenzhong, the former chairman of Wumart Group, from being sentenced to prison to retrial.

　　On December 7, 2006, Zhang Wenzhong was criminally detained by the People’s Procuratorate of Hengshui City, Hebei Province on suspicion of bribery and misappropriation of public funds.

　　On December 25th, 2007, the People’s Procuratorate of Hengshui City, Hebei Province filed a public prosecution with the Intermediate People’s Court of Hengshui City. Accused the defendant Zhang Wenzhong of committing fraud, unit bribery and embezzlement.

　　On October 9, 2008, the Intermediate People’s Court of Hengshui City, Hebei Province made a first-instance judgment, and sentenced Zhang Wenzhong to 15 years’ imprisonment for fraud and fined 500,000 yuan, three years’ imprisonment for bribery by a company, one year’s imprisonment for misappropriation of funds, 18 years’ imprisonment and a fine of 500,000 yuan. After the verdict, Zhang Wenzhong appealed.

　　On March 30th, 2009, the Higher People’s Court of Hebei Province made a final judgment, and found Zhang Wenzhong guilty of fraud. He was sentenced to 10 years’ imprisonment and fined 500,000 yuan, together with the crimes of bribery and misappropriation of funds committed by his unit. He decided to execute 12 years’ imprisonment and fined 500,000 yuan.

　　Zhang Wenzhong was released on February 6, 2013 after his sentence was commuted twice. Subsequently, Zhang Wenzhong filed a complaint with Hebei High Court, which rejected the complaint in December 2015. In October 2016, Zhang Wenzhong filed a complaint with the Supreme People’s Court.

　　After review, the Supreme People’s Court decided to remand the case of Zhang Wenzhong on December 27th, 2017. On February 12, 2018, the trial was held in public and the opinions of the defense and the prosecution were heard.

　　The court of first instance found Zhang Wenzhong guilty of "three crimes"

　　At that time, the Higher People’s Court of Hebei Province sentenced Zhang Wenzhong for three crimes: fraud, unit bribery and misappropriation of funds.

　　With regard to the crime of fraud, Wumart Group declared the discount project of national debt technical reform in 2002. The court of first instance held that Wumart Group, as a private enterprise, did not belong to the scope supported by the discount interest funds for national debt technical transformation. Zhang Wenzhong knowingly pretended Wumart Group as a subsidiary of a state-owned enterprise for the purpose of illegal possession, and defrauded the discount interest funds for national debt technical transformation by reporting false projects, which constituted a crime of fraud.

　　With regard to the crime of unit bribery, the court of first instance held that Wumart Group and Zhang Wenzhong violated state regulations in the process of acquiring 50 million shares of Taikang Company, giving state staff a benefit fee of 300,000 yuan and 5 million yuan respectively, which constituted the crime of unit bribery.

　　As for the crime of misappropriating funds, the court of first instance held that Zhang Wenzhong colluded with others and used the convenience of others’ position to misappropriate Taikang Company’s funds for personal use, making a profit of more than 10 million yuan in stock trading, which constituted an accomplice in the crime of misappropriating funds.

　　Zhang Wenzhong’s "three crimes" were all overturned.

　　Now the Supreme People’s Court retries the Zhang Wenzhong case, and these three charges have just been overturned.

　　The Supreme People’s Court, after retrial, thinks that Wumart Group has adjusted the discount policy of national debt technical transformation when it applied for the discount project of national debt technical transformation, private enterprises have the qualification to apply, and the logistics projects and information projects declared by Wumart Group belong to the key support objects of national debt technical transformation discount, which is in line with the national economic development situation and industrial policies at that time. Zhang Wenzhong and Zhang Weichun, the defendants in the original trial, did not commit the fraud of fabricating facts and concealing the truth to defraud the discount funds for the technological transformation of national debt, although they violated the rules in the process of applying for the project by Wumart Group. They did not have the subjective intention of illegally occupying the discount funds for the technological transformation of national debt, which did not meet the constitutive requirements of the crime of fraud. Therefore, the original judgment found that Zhang Wenzhong and Zhang Weichun’s behavior constituted a crime of fraud, which was an error in ascertaining the facts and applying the law, and should be corrected according to law.

　　Wumei Group, the defendant in the original trial, gave Zhao a 300,000 yuan benefit fee after acquiring the shares of Taikang Company held by China Travel Service Headquarters, not for seeking illegitimate interests, nor did it belong to the serious circumstances, which did not meet the constitutive requirements of the unit bribery crime; In the process of acquiring the shares of Taikang Company held by Yuecai Company, Liang did not provide help to Wumart Group, and Wumart Group did not get illegitimate benefits. After the two parties signed the equity transfer agreement, Zhang Wenzhong did not pay Liang 5 million yuan. Wumart Group’s behavior did not constitute the crime of unit bribery, and Zhang Wenzhong, as the directly responsible person in charge of Wumart Group, should not be investigated for criminal responsibility for unit bribery. Therefore, the original judgment found that the actions of Wumart Group and Zhang Wenzhong constituted the crime of unit bribery, which was an error in ascertaining the facts and applying the law and should be corrected according to law.

　　The fact that Zhang Wenzhong misappropriated funds for personal use and personal gain was unclear and the evidence was insufficient. Therefore, the original judgment found that Zhang Wenzhong’s behavior constituted the crime of misappropriating funds, which was an error in ascertaining the facts and applying the law, and should be corrected according to law.

　　State compensation and other work will be started according to law.

　　Zhang Wenzhong, the former chairman of Wumart Group, was acquitted after retrial. It is reported that the follow-up work of the case, such as state compensation, executed fines and the return of recovered property, will be started according to law.

　　Zhang Wenzhong case is the first case involving property rights and entrepreneurs’ wrongs retried in the Supreme People’s Court under the background of comprehensively administering the country according to law and strengthening the protection of property rights and entrepreneurs’ rights and interests. As Zhang Wenzhong said, this case reflects the firm determination of the CPC Central Committee to protect property rights and the legitimate rights and interests of entrepreneurs. It is conducive to further enhancing the sense of security of entrepreneurs’ personal, property and wealth, so that entrepreneurs can operate with peace of mind, invest with peace of mind and concentrate on starting a business.

Recently, at the annual meeting of Automotive Aerodynamics Branch of China Automotive Engineering Society,Hongqi GuoyaWith the perfect score of the highest level (Grade A) of its "Low Wind Noise Rating", it won the title of "Top Ten Low Wind Noise Vehicles in 2024". This is the first model of Hongqi brand to receive this honor.

Hongqi Guoya is committed to providing users with the extremely comfortable driving experience. Through the low wind noise modeling design of the whole vehicle, the overall and local modeling are finely polished, and the flattening design of the chassis such as hidden wiper, engine guard and gearbox guard effectively reduces the level of wind noise sources.

In terms of door sealing, Hongqi Guoya adopted a complete three-ring sealing system, strictly controlled the standards, and integrated the glass guide groove and internal water cutting for the first time, which ensured the vehicle to provide stable dynamic sealing and sound insulation performance at high speed.

In order to create extraordinary quietness, the front windshield, front window, rear window, side corner window and skylight of Hongqi Guoya all adopt 5mm acoustic laminated glass, and are equipped with 16 sections of anti-noise sealing strips, which effectively restrain the generation of cavity noise at the parting position of the opening and closing parts.

Previously, Hongqi Guoya completed the test in China Automobile Research Wind Tunnel Center. According to the Detailed Rules for the Implementation of Vehicle Certification with Low Wind Noise, Hongqi Guoya was awarded the highest A-level low wind noise rating with a full score of 100.

This award fully demonstrates the outstanding performance of Hongqi Guoya in quietness and comfort, and demonstrates the technical strength and R&D capability of Hongqi R&D team. In the future, the Red Flag R&D team will continue to innovate around the brand’s five genes of "safety, intelligence, green, health and beauty", master the key core technologies of high-speed wind noise, and help the Red Flag brand to transform into a "technical product provider".

　　(Qingdao Shanghe Summit) Russian Ambassador to China: Cherish the extensive interaction and active guidance between Russia and China within the framework of Shanghai Cooperation.

　　China news agency, Beijing, June 8 th: Russian Ambassador to China: Cherish the extensive interaction and active leadership between Russia and China within the framework of the Shanghai Cooperation Organization.

　　Author Xiao Xin Zhang Ni

　　Russian President Vladimir Putin arrived in Beijing on the 8th for a state visit to China and will go to Qingdao to attend the 18th meeting of the Council of Heads of State of the SCO member states. Russian Ambassador to China andre Denisov pointed out in an exclusive interview with a reporter from China News Service recently that Russian-Chinese relations are at the highest level in history, which is of great significance to regional stability and development. Russia cherishes the extensive interaction and active guidance between Russia and China within the framework of the SCO.

　　Denisov pointed out that high-level visits and meetings between Russia and China have been frequent in recent years, and the two leaders have met more than 20 times in the past five years. This visit is the first meeting between the leaders of the two countries since they started their new terms, and it is also the first meeting this year. He revealed that "there will be opportunities to meet again in the future."

　　Denisov said that Russia-China relations are at the highest level in history, and the areas of exchanges and cooperation between the two sides are very extensive. He said that in the bilateral field, Russia-China pragmatic cooperation has developed actively and hopes to be a "by going up one flight of stairs". Putin’s visit to China is expected to sign a series of cooperation documents; In the multilateral arena, regional and international situations and security issues will also be topics for the leaders of the two countries.

　　"Russia and China are comprehensive strategic cooperation partners and friendly neighbors. The relations between the two countries are equal, mutually beneficial and win-win. " Denisov emphasized that "as two big countries and neighboring countries, Russian-Chinese cooperation is of great significance to regional development and stability."

　　From the perspective of development, Russian-Chinese cooperation has injected momentum into regional development. Taking the Eurasian Economic Union proposed by Russia and the Belt and Road Initiative proposed by China as examples, Denisov emphasized the importance of docking the development strategies of countries in the region, and the necessity of opening dialogues at the policy, economic and trade, legal and other levels in bilateral and multilateral pragmatic cooperation to create conditions. He revealed that the docking of the two initiatives has "made a great breakthrough".

　　From the perspective of stability, Russia and China have joined hands to increase confidence in meeting challenges. Denisov pointed out that the current international situation is complex and changeable, and the relations between major powers have been profoundly adjusted. He admitted that there are "crises and challenges" in the international environment, whether it is traditional geopolitical issues or the global free trade system that is "moving in different directions", all parties are required to work together to meet the challenges.

　　After the meeting between the leaders of the two countries, Putin will go to Qingdao to attend the Shanghai Cooperation Summit. Denisov pointed out that the Qingdao Summit is the first summit since the expansion of the SCO. New members, new challenges, new topics and work directions all mean that the Qingdao Summit will open a new stage of the SCO. It is expected that the Qingdao Summit will not only lay down a roadmap for the SCO’s work in the next few years, but also establish a long-term vision for its development.

　　Denisov also said that the SCO will face new problems and work after its expansion. The first issue is "regional economic integration". Countries have their own development strategies, which need to be connected and complemented, and create conditions for cooperation and facilitation in the fields of economy, trade, investment and transportation. This will be one of the topics discussed at the Qingdao Summit. Secondly, SCO members face security challenges and need to work together to combat terrorism, separatism and extremism; Third, in the humanities field, the Qingdao Summit is expected to promote a series of cooperation; Fourth, there will be new topics and work directions to be discussed at the Qingdao Summit, such as environmental protection and tourism.

　　Denisov thanked China for his contribution to the establishment and development of the SCO and the establishment and development of the "Shanghai Spirit". He also pointed out that the SCO is named after the city of China, and China is not only the founding country and this year’s rotating presidency, but also many initiatives of the SCO and the implementation of specific work have always been inseparable from China.

　　Denisov emphasized that Russia cherishes the extensive interaction and active guidance between Russia and China within the framework of the SCO. He said, "Russia and China can exchange views on a wide range of topics, and other members are also willing to listen to these opinions. This model always allows us to find a comprehensive and effective plan faster."

　　In Denisov’s view, as a young international organization, the SCO uses flexible mechanisms, practices the principles of mutual trust, mutual benefit, equality and consultation through extensive exchanges and interactions, respects the interests of all members, establishes a harmonious relationship, and sets an example for other international organizations. "It is our common task to continue to deepen these principles in the future." (End)

[Editor’s note]The Party’s Report to the 20th CPC National Congress has clearly declared what flag the Party will raise, what road it will take, what mental state it will take and what goal it will move towards in the new journey, and has made a macro outlook on the two-step strategic arrangement for building a socialist modern power in an all-round way, and scientifically planned the objectives, tasks and major policies for the development of the Party and the state in the next five years or even longer. The Shanghai Federation of Social Sciences and the "Thoughts" column of Jiefang Daily Shangguan News jointly launched a series of short theoretical videos on "Reading the Top 20", inviting authoritative experts to lead us to systematically interpret and deeply analyze this programmatic document. Today, the fifth episode "Improving the overall efficiency of the national innovation system with" three firsts "was broadcast.

Guest speaker: Chen Qiang (Tongji University, school of economics and management, distinguished professor)

　

hostReport to the 20th CPC National Congress of the Party pointed out that education, science and technology and talents are the basic and strategic supports for building a socialist modern country in an all-round way, and summarized the importance of science and technology, talents and innovation with "three firsts".

Qiang ChenImproving the overall efficiency of national innovation system is a complex system engineering, which involves the cooperation of multiple subjects, the integration of various elements, the integration of various capabilities and the linkage of multiple mechanisms. Science and technology are the primary productive forces, talents are the primary resources, and innovation is the primary driving force. This new generalization points out the direction and path for improving the overall efficiency of the national innovation system.

First of all, in the process of the formation of the first productive force and the transformation of the first motive force, the first resource plays a fundamental and leading role. Secondly, the cultivation and growth of the "first resource" must be embedded in the process of the formation of the "first productive force" and the transformation of the "first power". Third, only through the connection between the "first productive force" and the "first motive force" can we constantly push up each other’s energy levels in high-level interaction. Fourthly, the supply quality of the "first productive force" and the guarantee ability of the "first resource" determine the transformation efficiency and energy level of the "first power".

hostScience and technology is the primary productive force. How to strengthen the effective supply of this "primary productive force"?

Qiang ChenFirst, we should speed up the basic conditions and capacity building of scientific and technological innovation. Advance layout in major basic frontiers and key core technologies, and carry out strategic, strategic and reserve research.

Second, we must accelerate the creation of strategic scientific and technological forces that can cope with multi-task situations. Constantly break through the bottleneck of "stuck neck" technology, forge a "trump card", and accelerate the research and development of subversive technologies.

Third, we should explore the construction of a new national system that is more independent, coordinated and open. Relying on the institutional advantage of "concentrating on doing great things", give full play to the decisive role of the market in the allocation of scientific and technological resources.

Fourth, we must strengthen regional innovation coordination. It resonates at the level of mission and vision, and then reaches a consensus at the level of action, and then shares responsibility and resources, and finally realizes the co-construction and co-governance of the science and technology community.

Fifth, we must adhere to a higher level of opening up in the field of scientific and technological innovation. Report to the 20th CPC National Congress stressed that it is necessary to "expand international scientific and technological exchanges and cooperation, strengthen the construction of an international scientific research environment, and form an open and innovative ecology with global competitiveness". Relying on large-scale scientific facilities, organize international large-scale scientific plans and attract talents from all over the world. Focus on the basic frontier and major issues related to the common destiny of mankind, set up an open research fund, and gather global intellectual resources.

hostTalent is the first resource. How can we continuously enhance the support ability of the "first resource"?

　

Qiang ChenTo achieve high-level scientific and technological self-reliance, China depends on high-level science and technology talents in the final analysis. At present, there are some problems in talent training, such as delayed response, inaccurate focus, unbalanced structure, low quality and low efficiency, which need systematic policy.

Report to the 20th CPC National Congress innovatively put forward the "trinity" of education, science and technology and talents, insisted on giving priority to the development of education, self-reliance and self-reliance in science and technology, and talent-leading drive, accelerated the construction of a strong country in education, science and technology and talents, persisted in educating the party and the country, comprehensively improved the quality of independent training of talents, and made great efforts to cultivate top-notch innovative talents and use them to gather talents from all over the world. First of all, further improve the top-level design of talent supply to meet the complex needs of the national innovation system for talents. Secondly, strengthen the understanding of the regularity of talent growth. Carry out reasonable policy design and institutional arrangements, and constantly improve the institutional support for talent development. Third, focus on the country’s major strategic needs, promote the integration of science and education and production and education, and boost the growth of talents.

hostHow can we speed up the transformation efficiency of "innovation", the "first driving force"?

　

Qiang Chen: First, we must guide capital empowerment. Strengthen policy guidance and regulation, and create a social environment conducive to the development of venture capital. Give play to the guiding and leading role of state-owned venture capital in investment in emerging technology fields.

Second, we must strengthen service empowerment. Through policy guidance and market cultivation, we will accelerate the gathering of functional resources and build a service system for scientific and technological innovation.

Third, we must promote platform empowerment. Accelerate the opening of basic scientific research platforms. At the same time, a number of open source and open innovation platforms will be laid out to activate social innovation forces.

Fourth, we must promote data empowerment. Explore the service mechanism and rule system of data collection, development, utilization and sharing, build a "digital engine" and boost the innovation and development of digital SMEs.

Fifth, we must realize scene empowerment. Focus on social development needs, construct and open more abundant social application scenarios, and promote the interaction between scientific and technological achievements and social needs.

Sixth, we must explore governance empowerment. Improve the quality and efficiency of government system supply. Give play to the role of multiple subjects and carry out ethical governance of science and technology.

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(Column email: shhgcsxh@163.com)

Editor-in-Chief: Wang Zhen

Text editor: Wang Zhen

Author: Shanghai Federation of Social Services on the concept of "ideas"