How will new energy vehicles run in the next 15 years？ This document points out a new path of development.

　　New Energy Automobile Industry Development Plan (2021— In 2035), it is proposed that the core technology of China’s new energy vehicles should reach the international advanced level in 2035, and the quality brands have strong international competitiveness, and it is pointed out that it is necessary to improve the infrastructure system and improve the service level of charging infrastructure — —

　　Reporter Li He

　　New energy vehicles have become the main direction of the global automobile industry transformation and development, and also an important engine to promote the sustained growth of the world economy. For China, developing new energy vehicles is the only way to move from a big automobile country to a strong automobile country, and it is also a strategic measure to cope with climate change and promote green development. Since 2010, China’s new energy vehicles have grown rapidly at an average annual rate of double. In 2019, 1.06 million new energy passenger cars were sold, ranking first in the world for five consecutive years. With the development plan of energy-saving and new energy automobile industry (2012— After the end of 2020), how should China’s new energy automobile industry develop?

　　On November 2nd, General Office of the State Council announced the Development Plan of New Energy Automobile Industry (2021— 2035) (hereinafter referred to as "Planning") emphasizes the need to seize strategic opportunities, give full play to the advantages in infrastructure, information and communication, continuously enhance the core competitiveness of the industry, and promote the high-quality and sustainable development of the new energy automobile industry.

　　With strong competitiveness, the core technology has reached the international advanced level.

　　The Plan is divided into eight chapters, including five key tasks, five column tasks and five "three 5s" of safeguard measures. Xin Guobin, vice minister of the Ministry of Industry and Information Technology, said that as a programmatic document of the new energy automobile industry, the main highlights of the Plan can be summarized as "four new ones", namely, adapting to the new situation, adapting to new requirements, proposing new development paths and defining new development directions.

　　The new situation means that with the vigorous development of the new round of scientific and technological revolution and industrial transformation in the world, new energy vehicles integrate new energy, new materials, Internet, big data, artificial intelligence and other revolutionary technologies to promote the transformation of vehicles from simple means of transportation to mobile intelligent terminals, energy storage units and digital spaces, and promote the optimization of energy consumption structure, the improvement of transportation system and the intelligent level of urban operation; Emphasizing "market leading" requires giving full play to the decisive role of the market in resource allocation, strengthening the dominant position of enterprises in the selection of technical routes and the construction of production and service systems, giving full play to the role of the government in strategic planning and guidance, formulation of standards and regulations, quality and safety supervision, maintenance of market order, and green consumer guide, so as to create a good environment for industrial development.

　　The Plan proposes that by 2025, the competitiveness of China’s new energy vehicle market will be significantly enhanced, and the sales volume of new energy vehicles will reach about 20% of the total sales volume of new vehicles, and the long-term goal of "in 2035, the core technology of China’s new energy vehicles will reach the international advanced level, and the quality brands will have strong international competitiveness".

　　Xin Guobin said that at present, there is still a certain gap between new energy vehicles and traditional fuel vehicles in terms of purchase cost and charging convenience. To promote the goal that the sales volume of new energy vehicles will reach about 20% of the total sales volume of new vehicles in 2025, it needs to be promoted from both the supply and demand sides. On the supply side, it is necessary to continuously strengthen technical research around key factors such as reducing costs and improving safety, develop advanced, applicable and reliable products, and accelerate the formation of greater market competitive advantages; On the demand side, it is necessary to strengthen policy guidance, introduce preferential policies to encourage the use of new energy vehicles, optimize classified traffic management measures, encourage business model innovation such as power exchange, accelerate the electrification of vehicles in public areas, increase the promotion of new energy vehicles to the countryside, and continuously improve the user experience.

　　Cui Dongshu, deputy secretary-general of the National Passenger Car Association, said that in terms of power consumption, the Plan proposed that by 2025, the average power consumption of new electric passenger cars would be reduced to 12 kWh/100 km. This is 1 degree higher than the 11 kWh/100 km of its exposure draft. In essence, it is to encourage the development of high-end new energy and should give it more room for development.

　　Driven by innovation, deepen the "three verticals and three horizontals" R&D layout

　　Xin Guobin said that China’s new energy automobile industry has developed to this stage, and there are still problems such as weak core technology innovation ability, quality assurance system to be improved, lagging infrastructure construction, service model to be innovated and improved, imperfect industrial ecology, and increasing market competition.

　　Telly, director of the High-tech Department of the Ministry of Science and Technology, said that from the whole development experience of new energy vehicles, the supporting and leading role of scientific and technological innovation in its development is very obvious.

　　In order to promote the realization of the goal, the Plan puts forward the basic principle of "innovation drive" and the special chapter of "improving the ability of technological innovation", and also emphasizes deepening the layout of "three verticals and three horizontals". "Three verticals" refer to pure electric vehicles, plug-in hybrid electric vehicles and fuel cell vehicles, and "three verticals" refer to power batteries and management systems, drive motors and power electronics, networking and intelligent technologies.

　　"For the power battery, the core component of new energy vehicles, it will be deployed in advance in terms of new systems, new materials, new processes and new structures, and promote the development of power batteries in the direction of high specific energy and high safety; For fuel cells, we will focus on supporting core materials such as proton exchange membranes, catalysts and carbon paper, as well as key technologies related to hydrogen energy, and work hard on high performance, long life and low cost of fuel cells. " Telly said that around intelligence, networking and lightweight, we will speed up the layout of a new generation of information technology and focus on promoting the development of autonomous driving technologies and equipment such as vehicle control operating systems and computing platforms and vehicle-level chips; Strengthen the technical layout of new materials and support the research and development of silicon carbide power devices, lightweight materials and low-cost rare earth permanent magnet materials. We will increase support for scientific and technological innovation platforms such as the National New Energy Vehicle Technology Innovation Center, build a national strategic scientific and technological force for the national new energy vehicle industry, and provide support for the research and development of common key technologies in the industry.

　　Xin Guobin said that in addition to strengthening innovation drive, it also pays attention to standard guidance, which will promote the formation of a technical standard system based on vehicle-road coordination and reflecting Chinese characteristics. Accelerate the deployment of 5G communication base stations, promote the transformation and upgrading of intelligent roads, and organize manned loading tests and large-scale application demonstrations.

　　Improve infrastructure and promote the construction of charging and replacing network

　　China has built the largest charging network in the world. As of September this year, 42,000 charging stations and 525 power stations have been built nationwide, with 1.42 million charging piles of various types, and the ratio of vehicles to piles is about 3.1: 1.

　　"Charging and replacing electricity infrastructure is a key link in the development of new energy vehicles and an important support for industrial promotion. On the whole, compared with the promotion and application scale of new energy vehicles, the construction and development of charging facilities still cannot meet the needs of consumers, and it is necessary to increase construction efforts and optimize structural layout. " Xin Guobin said.

　　The Plan proposes to "improve the infrastructure system", promote the construction of the charging and replacing network, scientifically arrange the charging and replacing infrastructure, and strengthen the overall coordination with urban and rural construction planning, power grid planning and property management, and urban parking. Relying on "internet plus" smart energy, we will improve the level of intelligence, promote the charging service mode in residential areas with intelligent and orderly slow charging as the mainstay and emergency fast charging as the supplement, accelerate the formation of expressways and urban and rural public charging networks with moderate advance, fast charging as the mainstay and slow charging as the supplement, encourage the application of power exchange mode, and improve charging convenience and product reliability.

　　According to the data provided by the Ministry of Finance, in order to support local governments to speed up the construction of charging infrastructure, from 2014, the central government will give incentives to local governments to carry out charging infrastructure construction. So far, the central government has issued a total of 4.5 billion yuan of incentive funds, forming a development pattern of coordinated promotion between the central and local governments.

　　"In the past, users had mileage anxiety, and driving new energy vehicles could not run far, so they could only run in the city. Now, some expressways have built networked charging and power exchange facilities. " Xin Guobin said that to solve the mileage anxiety, in addition to continuing to increase the construction of charging piles, it is also necessary to consider the problem of making full use of existing charging piles. The existing information management technology can be used to bring all charging piles into a management platform and share them as much as possible. With the continuous expansion of market capacity, the construction layout of charging piles will be more scientific and standardized.

　　The Plan also proposes to improve the service level of charging infrastructure. Guide enterprises to jointly establish a charging facility operation service platform to realize interconnection, information sharing and unified settlement. Strengthen the research and development of technologies such as safety monitoring and early warning of charging equipment and distribution system, improve the safety, consistency and reliability of charging facilities, and improve the level of service guarantee.

What is the right tire pressure in winter？

In winter, the tire pressure adjustment of automobile tires should be based on the standard air pressure, and it should be appropriately raised by about 0.2bar to ensure driving safety.

Proper tire pressure is very important for automobile driving. Excessive tire pressure will reduce the friction and adhesion of tires, affect the braking effect, and may lead to steering wheel vibration and deviation, reducing driving comfort. At the same time, too high tire pressure will also accelerate the local wear of the central pattern of the tire and shorten the service life of the tire. In addition, too high tire pressure may also make the tire cord stretch and deform excessively, reduce the elasticity of the carcass, increase the load of the car while driving, and reduce the rolling resistance, thus increasing the risk of tire puncture.

On the other hand, too low tire pressure will also bring many problems. Too low tire pressure will increase the friction coefficient between the tire and the road surface, leading to an increase in fuel consumption. At the same time, too low tire pressure will make the steering wheel heavy and prone to deviation, which is not conducive to driving safety. In addition, too low tire pressure will also increase the amount of exercise in all parts of the tire, and excessive rolling will cause abnormal heating of the tire, reduce the functions of the cord and rubber, and cause damage such as delamination or cord breakage. In severe cases, too low tire pressure may also lead to a double increase in friction between the tire and the ground, a sharp increase in tire temperature, and a sharp decline in tire strength, which may eventually lead to a puncture.

Therefore, when adjusting the tire pressure of automobile tires in winter, the principle of standard air pressure and appropriate upward adjustment should be followed to ensure driving safety.

The stock market closed on the 6 th： the Shanghai Composite Index fell 5.58%, and more than 1,000 shares in the two cities fell.

　　Beijing, Beijing, May 6 (Xie Yiguan) On the 6 th, the three major stock indexes of A shares gapped lower and continued to fall in intraday trading. Individual stocks generally fell, and the industry sector was exhausted. The three major stock indexes all fell below the 60-day moving average, the Shanghai Composite Index fell below 3,000 points, and the risk was 2,900 points. More than 1,000 stocks in the two cities fell.

　　At the close, the Shanghai Composite Index dropped 171.88 points, or 5.58%, to close at 2906.46 points. The Shenzhen Component Index fell more than 700 points, down 7.56%, and then lost 9000 points after falling below the 10,000-point mark, closing at 8943.52 points. The Growth Enterprise Market Index fell 7.94%, falling below the 1600 and 1500 mark and closing at 1494.89. The turnover of the two cities in the whole day was 657.912 billion yuan, which was significantly enlarged compared with previous trading days.

　　Today, the A-share sector all fell green. Brokers in the industry sector almost fell, while telecom operations, IT equipment and software services were among the top losers, falling more than 8%. The banking sector with the smallest decline also fell more than 2%. In the concept sector, domestic software, 5G concepts and chip concepts fell by over 9%.

　　On the disk, the stocks in the two cities are generally falling, with only 109 stocks closing up, 3,467 stocks falling and 1,147 stocks falling. Among the limit stocks, the GEM has become a concentrated place, with over 300 GEM stocks falling. It is worth noting that there are more than 100 5G concept stocks among the stocks that have fallen below the limit.

　　Not only A shares, but also Hong Kong stocks were under pressure on the 6th. As of press time, the Hang Seng Index fell more than 3% to 29,062.57 points. The index of state-owned enterprises also fell more than 3% to 11161.9 points; The red chip index fell more than 2.9% to 4,483.47 points.

　　On the 6th, the central parity of RMB against the US dollar was lowered by 58 basis points to 6.7344, the lowest since February 20th. In the morning, the offshore RMB fell sharply against the US dollar, falling below the 6.80 mark and once rushing to 6.8211.

　　On the same day, the Central Bank of China announced that a lower deposit reserve ratio will be implemented for small and medium-sized banks from May 15, and about 1,000 county-level rural commercial banks can enjoy this preferential policy, releasing about 280 billion yuan of long-term funds.

　　It is worth noting that on the 6th, A-shares went northward with a net outflow of 5.188 billion yuan, including 3.072 billion yuan from Shanghai Stock Connect and 2.116 billion yuan from Shenzhen Stock Connect. In the past April, the net outflow of northbound funds was 17.997 billion yuan, the second highest in a single month in history.

　　However, MSCI’s first increase in the proportion of A shares from 5% to 10% will take effect at the end of May. CICC estimates that the proportion of passive funds may be around 20%, and about 20-30 billion yuan will enter the market around the end of May.

　　According to a recent report of CICC, the short-term pressure of A-shares has been released after previous adjustment, and the overall valuation is not high. Therefore, the future outlook of A-shares should not be overly pessimistic, and structural opportunities may still be positive, focusing on the general trend of consumption upgrading and industrial upgrading.

　　On April 30th, the National Bureau of Statistics and China Mining Association released data. In April, the purchasing managers’ index (PMI) of manufacturing industry was 50.1%, down 0.4 percentage points from the previous month, and remained in the expansion range. Guangfa Hang Seng believes that the structural contradiction of China’s economy still exists, and the economy is in transition to recovery, and the market will still repeatedly play games around theme stocks.

　　Some securities analysts believe that compared with before and after the Spring Festival, the market’s expectation of economic and policy trends is more uncertain. However, many institutions believe that although the unilateral rise in the first stage has passed, the safer configuration window in the market outlook needs to wait further, and the market is expected to enter the second stage.

　　Haitong Securities Strategy Team issued a document saying that this wave of adjustment since 3288 points of the Shanghai Composite Index belongs to the retreat after the first-stage valuation of the bull market has been repaired and increased. In the short term, the phased adjustment has not yet ended, and it is necessary to wait for the fundamental relay when the future rest ends and enters the second wave of the bull market.

　　Founder Securities pointed out that the next four weeks will still be an important observation window. In the first week after the May Day holiday, if the Zhouyang line can be closed, it will help to resolve the risk of further decline, which deserves special attention. (End)

It’s full of rain and heat in the summer, so let’s see where the ＂steamer mode＂ will be opened on the map of sauna days nationwide.

Today (July 7th), we entered the fifth solar term of summer-Xiaoshu. As the saying goes, "it’s a little summer, but it’s a big summer." The arrival of the summer solar term means that China is about to enter the wettest and sultry period of the year. China Weather Network specially launched a map of sauna days nationwide to see where the "steamer mode" will be opened.
Jiangnan is hot as a "steamer", and the Qinghai-Tibet Plateau has no "steaming" in the world.
Entering the summer solar term, everything is flourishing and the summer heat is transpiration. The temperature in all parts of our country continues to rise, and the precipitation also increases obviously. The north and south of the Yangtze River have entered the stage of high temperature and high humidity in a year, and the most difficult sauna day model has been opened.
According to the map of the national sauna days launched by China Weather Network, during the annual summer solar terms, sauna days are most likely to appear in Jiangxi, Fujian, Zhejiang and other places, and more than half of the time in 15 days, they have to endure the steamboat-like sultry feeling; In Guangdong, central Guangxi, Hainan, Hunan, Hubei, Henan, central and southern Hebei, southwestern Shaanxi, northern Chongqing and other places, the number of sauna days can also reach 5 to 8 days, which is unbearable; The number of sauna days in the eastern part of Southwest China, North China, the eastern part of Huanghuai and other places is less than 5 days, and there are fewer days in most parts of Northeast China, Shandong Peninsula and parts of Xinjiang, which is less than two days. Such hot and humid weather can barely withstand it; Tibet, Qinghai, Gansu and other places did not have sauna days during the summer solar term, and there was no "steaming" in the world, which was really enviable. Although there were no sauna days in southern Xinjiang and western Inner Mongolia, they had to undergo the "baking test" of dry heat.
Light summer weather | Rain and heat are abundant, and typhoons are active
After a slight summer heat, it is hot for three points a day. Affected by the monsoon climate, rain and heat are in the same season in many places in China. During the summer heat season, both precipitation and temperature began to show extremes, and the weather gradually changed from dry heat to sultry heat, and the "sauna mode" was opened.
"It’s summer day and night." Shortly after entering the summer solar term, the hottest dog days of the year will also kick off. The heat wave is rolling, refreshing and hard to find, and all-weather heat has become the norm. Especially in the south, the lowest temperature sometimes even exceeds 30℃, and it is hot day and night, with no chance to breathe.
With the help of summer heat, China’s summer area has further expanded, reaching about 5.25 million square kilometers. Although it has not reached the maximum, there is little room for further development.
"The bamboo is raining first, and the mountain is already thundering." Slight summer is the solar term with the most precipitation in the whole year, and it is also the season with frequent thunderstorms. With the subtropical high moving northward, the "main battlefield" of precipitation in China gradually shifted northward, and the rainy season in the middle and lower reaches of the Yangtze River ended, and the rainy season in the north began one after another.
During the summer heat, typhoon activities also entered an active period. According to statistics, the summer solar term is the solar term with the largest number of typhoons landing in China, which mainly affects Guangdong, Taiwan Province, Fujian, Hainan and other places, and these places have gradually entered the critical period of typhoon prevention in a year. At this time, there are many powerful typhoons landing in China, including the strongest typhoon "rammasun" landing in China since 1949.
Slight summer phenology | The warm wind has arrived, and everything is crazy.
There are three stages in the summer, one is when the warm wind comes, the other is when the cricket lives in the space, and the third is when the eagle begins to gather. At this time, there is no longer a cool breeze on the earth, and almost all the winds are full of "enthusiasm". Because of the heat, the cricket left the field and came to the corner of the courtyard to escape the heat. The eagle also chose to fly to the cool high air for activities.
There is also hope for a bumper harvest in the heat of a little summer. In the summer, plenty of sunshine and abundant rain are conducive to the growth of everything. At this time, special attention should be paid to field management such as preventing high temperature and heat damage, drought, waterlogging and pests.
Light summer custom | Eating and drinking in midsummer is the most enjoyable thing.
"Eating and drinking in midsummer is the most enjoyable thing." The summer solar terms and the dog days have come one after another, and people who are troubled by the summer heat often feel poor appetite, so they will prefer cool and refreshing food.
In the north, there is a food custom of "jiaozi on the head, two on the face, pancakes and eggs on the three feet". Eating a plate of vegetarian stuffing on jiaozi’s head is not only appetizing, but also a symbol of full blessing. In the south, Xiao Shu pays attention to eating "three treasures"-Monopterus albus, lotus root and mung bean sprouts, which are cool and cool. There is also the custom of "eating new things" in the southern summer heat. Every household eats new rice and tastes new wine to thank the natural gifts and celebrate the grain harvest.
"The wind moves the lotus to make it fragrant, and the heart is calm and naturally cool." In the summer, it is hot and warm, but there is no lack of pleasant summer time. Let’s calm down, watch the fireflies flying, listen to the cicadas, smell the lotus fragrance in the wind, taste the tea in the cup, and greet the extreme heat with leisurely warmth.
Source: China Weather Network
Reporting/feedback

Overseas investors increase the allocation of China stock market-international institutions cast a ＂vote of confidence＂ in China market.

　　Recently, a number of international investment institutions, including Morgan Stanley and Goldman Sachs, have been "singing more" on the China stock market, and many institutions have even taken out "real money and silver" to buy more China assets.

　　Experts said that with the implementation of a series of steady growth measures in China and the accelerated optimization of epidemic prevention and control measures, the expectation of China’s economic stabilization and rebound has become clearer, attracting international institutions to re-examine the allocation value of China’s assets. In the future, under the background of China’s deepening the high-level institutional opening-up of the capital market, the efforts of international institutions to "buy in buy buy" are worth looking forward to.

　　Institutional upward adjustment expectations

　　Recently, a number of overseas investment institutions have increased their allocation to the China stock market.

　　On December 4th, Morgan Stanley upgraded the China stock market from "standard" to "over-allocation", and it is predicted that the MSCI China Index will rise by 14% by the end of 2023. Wang Ying, chief equity strategist of Morgan Stanley China, said that the evaluation framework shows that the prevention and control measures of China epidemic are continuously optimized, the real estate market is stabilized, and the regulatory adjustment is in the final stage, so the stock risk premium may be improved, so the target price for the entire China market is raised, and there is a greater chance of revaluation by 2023.

　　Coincidentally, on November 30, Goldman Sachs also said that it would also give a proposal of "high allocation" for A-share investment in 2023, and it is expected that the valuation of A-shares will rebound significantly. Liu Jinjin, chief China equity strategist of Goldman Sachs, said that under the expectation that the macro-control is intensified and the GDP growth rate is expected to pick up, we are optimistic about the performance of China stocks listed at home and abroad.

　　Bank of America’s strategy team believes that China’s domestic stocks are bound to rise due to the excess savings of China residents and the continuous optimization of epidemic prevention policies. Rui Dalio, the founder of Bridgewater, believes that some valuable assets can be found in the China market at present. China is the second largest economy in the world, and investors can improve their diversification by investing in China.

　　The support of international institutions is not groundless. Recently, the overseas listed China ETF, China Stock Exchange and offshore RMB exchange rate all ushered in a wave of solid rise, which enhanced the confidence of foreign institutions to invest in China. For example, since November, the net value of iShares MSCI China ETF with a scale of over $7 billion has increased by over 30%; NASDAQ Jinlong China Index rose by more than 40% in November, the largest monthly increase since records began in 2003. The RMB exchange rate has also recently gone out of a strong upward trend. On the morning of December 5, the offshore RMB exchange rate against the US dollar rose to 6.9813, the highest since mid-September.

　　"At present, some major economies continue to tighten monetary policy, the risk of economic recession has intensified, and market return expectations have weakened. In contrast, China has a stable economic development and clear investment logic. " Li Zhan, chief economist of China Merchants Fund Research Department, analyzed that China’s economy is changing from high-speed growth to high-quality development, and there are a lot of investment opportunities in the process of industrial upgrading and consumption upgrading in various industries. At the same time, China recovered quickly from the impact of the epidemic, and its economy rebounded significantly in the third quarter, and its position in the global industrial chain was rising day by day. In addition, China’s financial opening to the outside world has been continuously promoted, and the channels for foreign investors to participate in the domestic financial market have been continuously optimized, attracting the attention of more and more international investors.

　　The attractiveness of A shares has increased.

　　In addition to high-profile "singing more" China assets, foreign investors also took out "real money and silver" and continued to substantially increase their positions in A shares. As of December 6, the net purchase of northbound funds in 30 days exceeded 75 billion yuan, and the net purchase in the past 10 days reached 42.8 billion yuan.

　　Looking forward to 2023, the market expects that the pace of foreign investment "buying in buy buy" will continue to accelerate. "In 2022, nearly 70% of the financing amount in the A-share market comes from science and technology innovation board and the Growth Enterprise Market, which fully reflects the support of the capital market for technological innovation enterprises and emerging industries." Sun Jin, a partner of PricewaterhouseCoopers China Comprehensive Business Services Department, said that in 2023, with the steady progress of the comprehensive registration system reform and the introduction of more measures to support scientific and technological innovation, the international attractiveness of the A-share market will be further enhanced.

　　As for the investment industry, the strategy team of Goldman Sachs believes that with the implementation of policies and measures to stabilize growth and the continuous optimization of epidemic prevention and control measures, the unemployment rate in China will drop, labor income will improve, consumer confidence will be restored, and consumer services, medical equipment and service sectors will rebound strongly, especially in tourism, catering, entertainment and aviation industries.

　　"Next, the geopolitical situation will enter a relatively calm stage, and the equity cost and equity risk premium will gradually decline, which will help investors reinvest in the China stock market. The consumer sector is the beneficiary of economic opening up. We further increase our exposure to this sector and continue to suggest increasing the allocation of offshore China stocks. " Wang Ying said.

　　In order to better attract foreign investment into the China market, Tian Lihui, president of the Institute of Financial Development of Nankai University, believes that it is necessary to persist in promoting the high-level institutional opening-up of the capital market and make overall plans for development and security. It is necessary to continue to expand the interconnection quota, continuously increase the variety of international products, gradually liberalize the restrictions on foreign-funded shares of financial institutions, and continue to promote the internationalization of the RMB. At the same time, the capital market should be opened to the outside world with gates, there should be room for trading rules, and market supervision should be real-time and prudent to prevent foreign hot money speculation and prevent the spread of foreign financial risks.

　　Fang Xinghai, vice chairman of China Securities Regulatory Commission, also said recently that high-quality overseas capital market institutions are welcome to invest and exhibit in China. In the future, we will further improve the institutional framework for opening up the capital market, accelerate the implementation of various opening-up measures, and attract and gather more outstanding international institutions and talents to participate in China’s capital market. We will continue to improve relevant institutional arrangements, further facilitate cross-border investment by domestic and foreign investors, and better support cross-border financing development of enterprises.

　　Competing for exhibition industry in China

　　Since the beginning of this year, the policy dividends to further improve the convenience of foreign investment in China’s assets have been released intensively, giving foreign institutions a "reassurance" to enter the China market.

　　On April 26th, the CSRC issued the Opinions on Accelerating the High-quality Development of Public Offering of Fund Industry, proposing to support high-quality overseas financial institutions with long-term investment will to set up fund management companies or expand the shareholding ratio. On November 18th, the People’s Bank of China and the foreign exchange bureau jointly issued the Regulations on Fund Management of Foreign Institutional Investors’ Investment in China Bond Market, which improved and clarified the requirements for fund management of foreign institutional investors’ investment in China Bond Market.

　　The convenience of foreign-funded institutions’ exhibition industry in China has been continuously improved, and the business scope and regulatory requirements have achieved national treatment. At present, more than 10 foreign-controlled or wholly-owned securities fund futures companies, such as JPMorgan Chase, Goldman Sachs, Nomura and UBS, have been successively approved, and foreign banks such as Standard Chartered Bank have obtained fund custody qualifications in subsidiaries in China. Foreign private equity funds such as Qiaoshui and BlackRock have successively set up 38 wholly-owned subsidiaries.

　　On November 25th, Lubomai Fund announced that it had obtained the Public Offering of Fund business license issued by China Securities Regulatory Commission, becoming the second wholly foreign-owned fund management company newly established in China to conduct Public Offering of Fund business. Lubomai Fund said that the continuous opening of the financial market and the increasingly perfect business environment ruled by law have further enhanced Lubomai’s confidence and hope to further integrate into the development of China’s capital market in the future.

　　A number of foreign-funded institutions have started to exhibit in China. At the end of October, ICBC Wealth Management of Goldman Sachs, which was approved to open in June this year, launched the first wealth management product "Shengxin Junzhi Private Bank Enjoy Quantitative Equity Wealth Management Product Phase 1", with a maximum fundraising scale of 5 billion copies. Goldman Sachs ICBC Wealth Management previously said that after the deep correction in the previous period, the value of A shares is becoming prominent, and there is a large room for long-term holding.

　　As the first wholly foreign-owned public offering, BlackRock Fund has issued three equity funds and one "fixed income+"fund since it was approved in June 2021, and its products are diversified. Lu Wenjie, investment director of BlackRock Fund, said that A-shares are a market with great breadth and depth, wide investment scope, many related target companies and good liquidity. With the continuous strengthening of China’s opening to the outside world, it is believed that the integration of the global market and the China market will be a long-term trend.

　　"More outstanding international institutions entering the A-share market are investing in China’s economic growth prospects and the profitability of China enterprises ‘ A vote of confidence ’ Being able to form a healthy competitive interaction with domestic institutions is conducive to expanding the breadth and depth of China’s capital market, and is also conducive to the continuous improvement of service capabilities of related industries and helping China’s economic development. " Tian Lihui said.

General Administration of Financial Supervision： The financial industry is duty-bound to strongly support real estate.

　　General Administration of Financial Supervision: The financial industry is duty-bound to strongly support real estate.

　　"The General Administration of Financial Supervision will comprehensively strengthen financial supervision, prevent and resolve financial risks, fully hold the bottom line of no systemic risks, and do a good job in the’ five big articles’ on technology and finance, green finance, inclusive finance, pension finance and digital finance, so as to provide strong financial support for high-quality economic and social development and the realization of Chinese modernization and the great rejuvenation of the Chinese nation." On January 25, Xiao Yuanqi, deputy director of the General Administration of Financial Supervision, said at the press conference on the theme of "High-quality economic and social development of financial services" of the State Council Office.

　　Also present at the above conference were Li Mingxiao, spokesperson of the General Administration of Financial Supervision and Director of Policy Research Department; Liu Zhiqing, spokesperson of the General Administration of Financial Supervision and Director of Statistics and Risk Monitoring Department; Guo Wuping, Director of inclusive finance Department of the General Administration of Financial Supervision and Yin Jiangao, Director of Property Insurance Supervision Department of the General Administration of Financial Supervision.

　　Liu Zhiqing said that in recent years, the credit structure of the banking industry in China has been continuously optimized, and financial support for the real economy has become more precise and powerful. Financial resources have been more used in key areas and weak links of the national economy such as scientific and technological innovation, advanced manufacturing, green development, universal benefits, infrastructure, etc. We will continue to guide and support banking institutions to increase credit supply, optimize credit structure, focus on "five major articles", focus on unblocking the channels for funds to enter the real economy, and improve the efficiency of capital use, so as to "live water" with finance.

　　Last year, the net profit of commercial banks increased by 3.24%.

　　Regarding the operation of the banking and insurance industry in 2023, Liu Zhiqing said that the total assets and major businesses of the banking and insurance industry grew steadily. By the end of 2023, the total assets of banking financial institutions were 417.3 trillion yuan, a year-on-year increase of 9.9%, and RMB loans increased by 22.75 trillion yuan, an increase of 1.31 trillion yuan. Total liabilities amounted to 383.1 trillion yuan, up 10.1% year-on-year, and RMB deposits increased by 25.74 trillion yuan, down 510.1 billion yuan year-on-year.

　　According to preliminary statistics, the net profit of commercial banks in 2023 was 2.38 trillion yuan, a year-on-year increase of 3.24%. In contrast, in the first three quarters of 2023, commercial banks achieved a net profit of 1.9 trillion yuan, a year-on-year increase of 1.6%.

　　The quality of banking assets remained stable. According to preliminary statistics, by the end of 2023, the balance of non-performing loans of banking financial institutions was 3.95 trillion yuan, an increase of 149.5 billion yuan from the beginning of the year. The NPL ratio was 1.62% (1.65% at the end of the third quarter of 2023). The ratio of loans overdue for more than 90 days to non-performing loans in commercial banks is 84.2%, which remains at a low level. 3 trillion yuan of non-performing assets were disposed of in the whole year (since 2017, the cumulative disposal of non-performing assets of banks reached 18 trillion yuan), and the disposal efforts were maintained.

　　The banking industry has sufficient risk compensation capacity. By the end of 2023, the balance of loan loss reserves of commercial banks had increased by 476.8 billion yuan, and the provision coverage ratio was 205.1%, which remained at a high level. The capital adequacy ratio is 15.1%, and the core tier 1 capital adequacy ratio is 10.5%. Among them, the capital adequacy ratio of large banks is 17.6%, and the core tier 1 capital adequacy ratio is 11.7%.

　　"In 2024, the banking industry is expected to maintain a steady development momentum, with more reasonable institutional and functional layout and further optimization of financial resource allocation. In the past three years, the average growth rate of total assets of the insurance industry reached 8.7%, maintaining a good development trend. The insurance industry has great potential for future development, and its ability to serve the overall social and economic situation will continue to increase, and the functions of economic shock absorbers and social stabilizers will be more effectively exerted. " Liu Zhiqing said.

　　A series of real estate policies have shown results.

　　At the press conference, the General Administration of Financial Supervision also introduced the real estate market and small and medium-sized financial institutions that are highly concerned by the market.

　　Xiao Yuanqi said that the real estate industry has a long chain and a wide range, which has an important impact on the national economy and is closely related to the lives of the broad masses of the people. The financial industry is duty-bound and must be strongly supported. It is also disclosed that in 2023, banking institutions issued 3 trillion yuan of development loans and 6.4 trillion yuan of housing mortgage loans respectively, which add up to nearly 10 trillion yuan. Up to now, the balances of development loans and personal housing loans are 12.3 trillion yuan and 38.3 trillion yuan respectively; By the end of 2023, the balance of bonds purchased by banks from real estate enterprises was 427.5 billion yuan; Providing M&A loans and stock extension loans to real estate enterprises add up to more than 1 trillion yuan.

　　Xiao Yuanqi said that recently, the General Administration of Financial Supervision, together with relevant departments, has issued a series of measures to support the real estate market. "These policies and measures have played and are playing an active role in doing a good job in real estate financial services, stabilizing the reasonable financing demand of the real estate market and promoting the stable and healthy development of real estate."

　　"In the near future, we will also focus on the following major tasks: First, we will accelerate the implementation of the coordination mechanism for urban real estate financing, and will hold relevant work deployment meetings, requiring banks to act as soon as possible and make good use of the policy toolbox because of the city’s policy; The second is to guide financial institutions to implement the management requirements of operating property loans; Third, continue to do a good job in personal housing loan financial services, support local city governments and housing construction departments, and further optimize personal housing loan policies such as down payment ratio and loan interest rate due to city policies; The fourth is to guide and require banks and other financial institutions to vigorously support the construction of’ three major projects’ such as the transformation of urban villages, and to form physical workload as soon as possible. " Xiao Yuanqi said.

　　Regarding the risk situation of small and medium-sized financial institutions, Xiao Yuanqi said that from a nationwide perspective, the current small and medium-sized banks are operating steadily, their asset quality is stable, and their capital strength is significantly enhanced. The capital adequacy ratio, provision coverage ratio and asset quality of small and medium-sized banks are generally at a relatively good level, and these operating and regulatory indicators are at a reasonable and healthy level.

　　Xiao Yuanqi said that the General Administration of Financial Supervision will work closely with local party committees, governments and relevant departments to do a good job in the reform and risk prevention and control of small and medium-sized banks, and constantly improve their management level: first, strengthen corporate governance; second, select top executives and key personnel; third, deepen reform through classified policies; fourth, urge small and medium-sized banks to focus on their main business; fifth, adhere to goal-oriented and problem-oriented, strive for progress while addressing both the symptoms and root causes, and comprehensively strengthen supervision and prevention.

　　Do a good job of "five big articles"

　　The Central Financial Work Conference pointed out that high-quality development is the primary task of building a socialist modern country in an all-round way, and finance should provide high-quality services for economic and social development, and it is required to do "five major articles" well. At the press conference, the General Administration of Financial Supervision made a detailed introduction on the "five big articles" and the next step plan.

　　In technology and finance, Li Mingxiao disclosed that by the end of 2023, the loan balance of high-tech enterprises nationwide had increased by 20.2% year-on-year, of which medium and long-term loans and credit loans accounted for more than 40%. By the end of 2023, the loan balance of manufacturing industry increased by 17.1% year-on-year, of which the medium and long-term loan balance of manufacturing industry increased by 29.1% year-on-year.

　　"Promote the improvement of the multi-level service system in technology and finance. Under the premise of risk control, we will steadily promote the construction of the pilot zone for science and technology innovation and financial reform with relevant departments, deepen the financial support measures for manufacturing, guide financial institutions to implement various policy requirements, and continuously enrich financial products and services. Continue to increase support for scientific and technological innovation and advanced manufacturing, help the development of new quality productive forces, and strive to provide strong financial support for accelerating the construction of a modern industrial system." For the next work plan, Li Mingxiao said.

　　In terms of green finance, Li Mingxiao disclosed that by the end of 2023, the green credit balance of 21 major banks had reached 27.2 trillion yuan, a year-on-year increase of 31.7%. In inclusive finance, Guo Wuping said that by the end of 2023, the balance of inclusive finance loans in the banking industry was 29.06 trillion yuan, a year-on-year increase of 23.27%, which was 13.13 percentage points higher than the average growth rate of various loans; The average interest rate of new loans for inclusive small and micro enterprises was 4.78%, down 0.47 percentage points year-on-year. "This year, we will implement the requirements of inclusive finance’s big article, integrate loans from small and micro enterprises, agriculture-related entities and private enterprises, form a unified regulatory caliber for inclusive credit, and carry out assessment and data disclosure." Guo Wuping said.

　　In terms of pension finance, Yin Jiangyao said that the General Administration of Financial Supervision will promote insurance institutions to give full play to the advantages of insurance protection and vigorously develop commercial insurance annuities. In terms of digital finance, Liu Zhiqing said that the General Administration of Financial Supervision will continue to promote the digital transformation of the banking and insurance industry, enhance the effectiveness of digital empowerment, enhance the industry’s risk prevention and control capabilities, strengthen network security and data security risk supervision, and standardize digital innovation.

　　(Author: Li Yuan)

＂Olive＂ Playing ＂Olive＂ Fighting for Jingjiang ＂Playing＂ of 13 Youth Football Teams in Jiangsu Province

Yangzi Evening News Network June 20th (correspondent Liu Min Xiao Jing Yan Zhiyong Lu Huanyu reporter Wang Guozhu) On June 20th, the 20th Jiangsu Sports Meeting started in Taizhou. As the first phase of this provincial games, the youth rugby competition (17-18 years old group) started in Jingjiang. More than 150 athletes from 13 teams in the province will compete for the titles of men’s group A and women’s group A in the three-day competition.
According to reports, this competition adopts the latest rugby rules of the World Rugby Federation. The competition time is 14 minutes, with 7 minutes in the first half and 7 minutes in the second half. Each team can propose substitutions during the competition. The number of substitutions is 5, and the team with the highest score wins.
There are 7 men’s teams and 6 women’s teams among the 13 teams participating in this competition. In the competition on the 20th, the athletes threw themselves into the passionate competition with full enthusiasm, high morale, courage to fight and the spirit of unity and upward. The players of each team actively fought, decisively attacked and bravely collided, all of which showed good strength.
It is reported that the rugby project is one of the five events of this provincial games undertaken by Jingjiang City, and its courage, fighting spirit and teamwork are attracting more and more people’s love and attention. Since 2020, Jingjiang and the Training Center of the Provincial Sports Bureau have signed a contract with the provincial men’s rugby team through the mode of "joint operation of provinces and cities" to jointly promote the construction and development of rugby projects, actively select sports seedlings through resource integration and integration of sports and education, and build characteristic schools for rugby, better promote competitions and expand the mass base of rugby projects.
Zhang Changping, secretary of the Jingjiang Municipal Party Committee and secretary of the Party Working Committee of the Economic and Technological Development Zone, said that Jingjiang will make full use of the city’s strength, gather the wisdom of the whole people and pour out the feelings of the whole city, provide the highest level of service guarantee for more than 2,800 athletes, coaches and referees in the province, and strive to present a wonderful, complete, distinctive, passionate and friendly sports event, and will take the opportunity of hosting the provincial games to continuously expand the mass base of rugby and other events and promote more citizens to participate.
Proofreading: Tao Shangong
Reporting/feedback

Rugby retired and re-employed, Tenet men conquered Nolan by ＂fighting dad＂？

The starring role of "Black 007" that the media and fans have been chanting has not yet appeared. Tenet, which is being shown in cinemas around the world, has made black movie stars the leading role in spy movies ahead of schedule.

You, like James Bond, jason bourne, Ethan Hunt, Jack Ryan and other big-screen agents, saved the world at a critical moment.

Ordinary viewers may be curious, what is this young man who looks like NBA Rockets star Harden? Can become the leading actor of Christopher Nolan’s first spy war blockbuster.

If I told you,

Directed by John David and Nolan

Of course, Nolan can find John David Washington not only because he has a good father. In Hollywood, it is not uncommon for famous people to perform. shine on you is neck and neck with Kirk Douglas and michael douglas, Angelina Jolie and Jon Voight, martin sheen and Charlie Sheen … But more second generation stars are living in the shadow of their successful parents.

John David Washington (hereinafter referred to as John David) is also facing such pressure, but the road he has taken is somewhat special:

Six years before the release of Tenet, John David Washington was not even a professional actor. He was nearly 30 years old before he made up his mind to pursue an acting career, but after that, things went smoothly.

At the age of 34, he starred in "Black Party", which won the Cannes Jury Award and was nominated for the Oscar for Best Film. At the age of 36, he became the first black hero in Nolan’s works.

John David was born on July 28th, 1984. He is the eldest of four children. At the age of seven, he made his big-screen debut in malcolm x, starring his father. He appeared in the last scene of the film with only one line.

Looking back now, John David Washington feels very beautiful: ""

I was with my father when I was a child.

Malcolm x is a film co-produced by father Denzel Hayes Washington Jr. and Spike Lee. Being a star’s child has this advantage, and he can easily make an early appearance in his parents’ movies. Perhaps it was a late maturity. John David didn’t realize how famous his father Denzel Hayes Washington Jr. was until he was 11 years old.

Also in this year, after making a guest appearance in his father’s The Blue Devil, he stayed away from acting since then, because he had other hobbies.

John David’s big screen debut

After entering primary school, John David loved sports most and played football almost every morning. After graduating from primary school, he decided to make professional football players a volunteer.

Now he does not deny that when he made such a choice, he also had the consideration of getting rid of his father’s fame.

The tallest child on the right is John David.

It may seem to outsiders that John David has been living in the shadow of his father, but in an interview with GQ magazine, he said that he had a good time with his father.

"Sometimes my father and I play the trumpet together at home; Sometimes I dye my hair red and learn Arabic, but he won’t say anything. I remember one time, my father would accompany me shopping in new york and suddenly recited the lines from Shakespeare’s Richard III, just like in the movie, but I know he doesn’t usually talk like that. "

John David is with his father.

After entering middle school, John David’s football level has increased rapidly, leaving the category of hobbies, and his determination to break into the NFL (National Football League) has become stronger and stronger.

John David has been struggling for football for so many years, and what he wants most is that, indeed, wearing a helmet on the playground, no one knows who you are, let alone who your father is, and whether you can score or not depends entirely on your strength.

Wear a helmet and no one will know whose son you are.

John David still remembers that when he entered the NFL draft training camp as a student of Morehouse College in Atlanta in 2006, he specially reminded people around him not to tell anyone who his father was, and he wanted to win recognition by his own skills.

But after the first training, he found many people laughing in the lounge. It turned out that the local newspaper in the training camp reported his participation in the training on the front page, and his teammates who were familiar with him said that you couldn’t hide it, and you didn’t just rely on yourself.

John David is wearing a Rams uniform.

This is the helplessness of the famous family, trying hard to get rid of the influence of your father, but the media and the public will not cooperate with you.

In the 2006 NFL draft, he only got the non-draft free contract of the St. Louis Rams (now called the Los Angeles Rams). After three months, he was abandoned and signed up for the second team under the Rams to participate in the NFL European competition as a Rhein Fire player. On the sports field, no one will care who your father is.

John David is on the field.

He calmly judged that his own strength could not keep him on his career path, so he called his mother and hoped to return to the field of acting. But the mother flatly refused, thinking that she could not admit cowardice at this time. She hoped that her son would continue to insist on football and not give up. In 2009, John David switched to the Sacramento Bobcats in the United Football League. During this period, he also took time to participate in the performance of his father’s Book of Avery.

It is not easy for John David to leave football.

In an interview with GQ magazine, he recalled that he returned to his childhood room from the apartment rented by the team in 2013.

"I used to be independent, but it was really a low point at that time. Not only did I lose my job, but my football career was completely over, and everything I wanted was gone." In the two years since he came back from the competition, when he stayed at home doing nothing, he even considered using his sociology diploma to be a teacher.

Stubborn, he doesn’t want to be an actor with his father’s light. Andrew ·Finkelstein, a Washington friend and agent, heard that Denzel’s son had played rugby and asked him if he wanted to try it.

The producer of Players is Jushi Qiang Sen.

When John David was still playing ball, he especially liked watching HBO American dramas, especially Sex and the City and sopranos. For example, he especially liked edie falco’s role as his wife in sopranos, and it was a coincidence that his first acting role as an adult came from HBO.

How did Denzel Hayes Washington Jr. react when he got the chance to get HBO "The Players"?

John David Washington said: "He simply congratulated him, but made a condition that he would shoot a navigation set and then study hard when he came back.".

"Players" stills

After filming the navigation set, John David went to acting school for further study. No matter how good the genetic factor is, it is difficult to succeed without acquired training. Zoe kravitz (daughter of rock star Lanny Kravitz and actress lisa bonet) is his friend, and the two families often get together. She said that John David has become more and more confident in recent years, and she understands each other’s situation very well.

Because Zoe’s situation is very similar, her parents are both big players in the entertainment industry, and it is easier to get help from brokers and get opportunities.

But if you can’t do it well, people will think that you don’t deserve it, and that you are not as good as your parents. The pressure in this respect is much greater than that of ordinary actors.

Christopher Nolan said on many occasions that he chose John David Washington because of The Players and the Black Party directed by Spike Lee.

Tenet studio photo

If the former still depends on his own rugby background, then the latter embodies the advantages of the star father.

Denzel Hayes Washington Jr. and Spike Lee have cooperated many times. John David mentioned a detail: On the day of the script reading meeting of Black Partisans, the poster on the wall behind John David’s seat was Jazz Style, which was co-written by his father and Spike Lee.

Poster of Jazz Style

He said that the scene of the day was very strange. Nolan happened to be sitting next to the director Spike Lee at the premiere of "Black Party" in Cannes in 2018. Many years later, Spike Lee asked him if it was because of this premiere that he made up his mind to choose John David as the leading actor in Tenet. Nolan smiled and said, something like that.

The crew of "Black Party" appeared in Cannes.

In fact, Nolan saw John David’s performance in Players before he went to Cannes. At that time, Nolan didn’t know who he was, let alone who his father was. Nolan said that when he wrote a script, he rarely substituted actors, but when he wrote Tenet, he couldn’t get rid of John David’s appearance in his mind, so he arranged to meet John David, who was filming The Players.

John David and Nolan are talking and laughing.

Nolan said, "I remember that many years ago, James Bond producer Albert R. Broccoli first saw sean connery and decided that he could play Bond. After the meeting, Albert saw Sean Connery leave, like a panther or a cat. "

John David rehearsed for Tenet.

Nolan thinks that John David has some similar conditions, and his athletic ability is especially suitable for the leading actor in Tenet, such as climbing a high-speed fire truck in real shooting and realizing the scene of reversing time fighting.

Even with a background as a professional football player,

He felt that he couldn’t get up in bed several times and thought that he couldn’t finish filming. "Many years ago, I worked hard to keep my job in the NFL, but I didn’t expect to work hard to make a movie again."

But this movie is worth his effort, even if he may get hurt, because many people are rushing to get the job because of the Nolan blockbuster invested by 200 million dollars.

Tenet John David stills

In the years when he appeared in the American TV series "Players", John David deliberately didn’t attend the media publicity activities because he didn’t want to be asked questions about his father.

It was not until the publicity period of "Black Party" that he had to come out to face the reporter. Because the film was shortlisted for Cannes Film Festival, and the next year it was shortlisted for the best film of Oscar, there was a huge amount of public relations activities, which really could not be avoided.

Stills of "Black Party"

There’s another important reason for coming out: Tenet’s release this year saved the trouble, there was no grand premiere, and there was no press conference. The film was finished last autumn, and I saw that the film schedule was postponed again and again, and I was even worried that it would not be on the big screen. Fortunately, in the end, everything went as one wishes.

The father and son took a group photo in the NBA.

Before the release, the Washington family watched the whole film in the empty Warner Company screening hall and were asked what his father thought of his performance. John David Washington said: ""

In fact, while waiting for the release of Tenet, John David was not idle. He secretly starred in the romantic movie Malcolm and Maria with Zendaya, and after challenging crime movies and spy movies, he came to the field of romantic movies.

Still photos of Malcolm and Maria

Undeniably, his father’s influence and connections helped him a lot in "being a late bloomer", but Master led the door and practiced in that person.

How much John David Washington can achieve in the future can only be seen.

The NBA of golf is coming! The PGA Tour agreed to merge with the Saudi-backed LIV.

The American golf market has undergone amazing changes.

On Tuesday, June 6th, PGA, the PGA Tour of the United States, and LIV Golf, the upstart golf supported by Saudi Arabia, agreed to merge. This amazing move put an end to the differences and debates about who has dominated American golf since last year.

The two parties indicated that the agreement merged LIV-related businesses supported by Saudi Arabia’s sovereign wealth fund with the businesses and management rights of PGA and Dubai World Tour, a third-party entity, into a new, collectively owned for-profit entity.

The two sides also said that the merger will end the litigation between the two sides. Since the launch of LIV, the two sides have always had differences in law and public opinion.

The unnamed new business entity will be headed by Yasir Al-Rumayyan, President of Saudi Public Investment Fund, and Jay Monahan, President of PGA, will be the CEO. PGA will appoint a majority of the members of the board of directors and hold a majority of voting rights in the combined business.

The 2023 LIV Golf Tournament will be held as planned. A PGA memo said that after the end of this season, the two sides will "cooperate to establish a fair and objective procedure for any player who wants to reapply for PGA membership".

The memo reads:

Today is an important day for our organization and the whole golf game. When we make the final agreement, there are still many details to be solved, which will eventually need the approval of PGA’s policy Committee.

Golf is usually regarded as a peaceful sport, but the entry of LIV has caused quite a stir in this sports market, and also brought great changes to the operation mode of this sport, because LIV Golf has signed high-value, long-term and guaranteed contracts with players, similar to those obtained by NFL or NBA players.

In contrast, PGA is more like a performance-based league, where players earn money according to their performance in the game and the sponsorship and endorsement fees they can get.

LIV has also signed contracts with some top players in PGA, and the amount is staggering. For example, phil mikkelsen’s $138 million, dustin johnson’s $97 million and Brian Deschamps’ $86 million. However, there are still some famous adherents who continue to support the PGA Tour, including Tiger Woods, rory mcilroy and jordan spieth.

According to reports, Woods and McRoy got a contract of hundreds of millions of dollars from LIV Golf, but they were eventually rejected. Both of them continue to support the PGA Tour, saying that LIV’s contract will undermine competitiveness and reduce players’ motivation to improve their skills.

PGA also tried its best to shut out the players who signed up for LIV Golf, so that they could not participate in the competitions organized by PGA. Therefore, this makes some major events that are not hosted by PGA more attractive, because it is the only place where golfers from two leagues can face each other.

There have been competitive sports leagues in the United States before, such as NBA versus ABL or AFL versus NFL. At some point, the final combination of the opposing sides will bring better games and more income for athletes. However, the market once thought that it would be very difficult to merge LIV and PGA, because LIV is backed by Saudi Arabia with deep pockets, which means that the merger between the two parties may take longer.

This article is from Wall Street. Welcome to download the APP to see more.

Reporting/feedback

2024 China Daqing First International Youth Cross-country Skiing Short Distance Race was held.

On January 20th, the 2024 China Daqing First International Youth Cross-country Skiing Short Race was held in Sanyong Lake, Daqing, under the guidance of China Skiing Association, sponsored by Daqing Sports Bureau and Daqing Longfeng District Government, undertaken by Daqing Karhu Sports Culture Co., Ltd. and Beijing Sanbei Aoxue International Competition Management Co., Ltd., and co-organized by Daqing Longfeng District Culture, Sports and Tourism Bureau and Daqing Longfeng District Education Bureau.

The competition was established: 10 km for men/women aged 17-18, 5 km for men/women aged 15-16, 2.5 km for men/women aged 13-14 and 1.5 km for men/women aged 11-12. In addition, in order to encourage the public to participate in the competition, a 10-kilometer freestyle skiing competition for men and women was added.

This competition attracted 60 young athletes from Russia, the Republic of Russia, the Republic of Sakha, Kazakhstan and France, and nearly 500 cross-country skiers from China. The settlement of this event in Daqing will inject new vitality into the revitalization and economic growth of the ice and snow sports tourism industry in Daqing and build a bridge of friendship for sports and cultural exchanges between European and Asian countries.

After fierce competition: the men’s 10km champion was won by Russian Filipoff • For Ole and sergeyevich, Russian Lebedev • Slavic Evgenyevich of Wache won the runner-up, and Russian player Stramilav • Gregory • Romanovic won the third place.

The women’s 10km champion was given to Gina &bull by Russian player Nini; Alina • Vidaliyevna picked it. China’s Chen Jiayi won the runner-up, Russian Mirnikova • Sophia alekseev won the third place.

The men’s 5km champion was won by China’s Zhong Guoqiang and Kazakh’s Garasbek • Azimu won the runner-up and China’s Jin Yuchen won the third place.

The women’s 5 km champion was won by Russian player Goncearuc • Sophia • Vidaliyevna won, Russia’s Skupoyeva • Uriana • Alekseev Na won the runner-up, Russian player Sambuyeva • Ye Li Zaveta • Ba Li Lovna won the third place.

The men’s 2.5km champion was won by Russian player Putintsev • Dmitry • Alexeyevich won, Russian player Lu Dehe • Sergey • Alexeyevich won the runner-up, Russian Krymukin • Nigada • Sergeyevich won the third place.

The women’s 2.5 km champion was won by Kazakhstan’s Trevor Onava • Valeria won, Russia’s Kolaxin • Balina • Evgenyev Na won the runner-up, Russian player Malkova • Anna • Alekseev Na won the third place.

The men’s 1.5km champion was won by Russian player sakr • Andre • Jurjevic won, Russian Leochiev • Mikhail • Alexeyevich won the second place, and the third place belongs to Russian player Durbanov • Yegaoer • Vladimirovich won the third place.

The women’s 1.5km champion was won by China’s Zheng Xunuo, Russian player Gusheva • Yekaterina • Aleksandrovna won the runner-up and China’s Zhang Xinyao won the third place.

The purpose of this competition is to cultivate the development concept of "ice and snow are also Jinshan Yinshan" and vigorously develop the ice and snow sports industry. Conscientiously implement the requirements of accelerating the development of ice and snow economy in the province, accelerate the development of ice and snow industry, and make social responsibility of Heilongjiang Province.

On the occasion of the successful bid for the 2025 Harbin Asian Winter Games, we will take sports as a link and cross-country skiing as a bridge to enhance the exchange and mutual learning between sports and cultures of Asian and European countries, so as to "gather the light of sports for march towards a great future together’s future".