标签： 广州夜生活

Jiangnan Fenqing： It’s finally time to buy some A shares.

　　Today’s market is very pessimistic, with thousands of stocks falling, and many of them turn to big bears. It’s very interesting. I wrote two Weibo about the stock market today.

　　The first one was written at 09:53 in the morning.

　　Also broke 3000 points, people with short positions can slowly increase their positions. It is estimated that people in Man Cang have to cut some positions. Why will the same situation have different results? Because your situation is different, the core of deciding how to allocate assets is who are you? The subject matter is not important, what matters is who you are. What’s your situation? The core of wealth management is to identify people, not things.

　　The second one was written at 15:15 after the close.

　　Look at today in the next five years. The logic of buying stocks is to buy big, small and small, and not to buy. Then buy a certain amount to lock the warehouse. If it goes up properly, it can be won, and if it falls, it will be thrown away. Wait and play slowly.

　　This represents my view on A-shares. I once wrote an article about the reincarnation of the China stock market. I mentioned that the China stock market is essentially a reincarnation game, and a pile of junk stocks are constantly tossing around. We must persist in reform, on the one hand, we must liberalize control, increase supply, and let the market set prices, on the other hand, we must carry out the survival of the fittest, constantly increase supervision, and strictly supervise and comprehensively supervise violations of laws and regulations. Only in this way can the market slowly return to the logic of value investment, otherwise the profit of a pile of junk stocks is less than 10 million a year, and the market value is more than 10 billion. This kind of companies with obvious unreasonable value and price are full, and only idiots will go to this market to trade. So in the past few years, I suggested that everyone leave the stock exchange market, wait for the opportunity to come, and slowly wait for the return of value to enter the market.

　　On December 18th last year, I sent a message to Weibo that in recent years, I met a group of local tyrants who didn’t have much money. They all wanted to take over listed companies, borrow leverage everywhere, and then buy shells. In the end, they must die or live. Why? Because you want to pretend to be an asset fool, you can’t stand the scrutiny, and you are strictly supervised to death by the CSRC. If you don’t pretend, the stock price will not go up, and then the stock will continue to fall, and then it will explode and die. If you drag on doing nothing, you will die several times if you borrow so much money and drag on the interest. A large number of listed companies will end up with high leverage and die after the stock falls. This is the case for a large number of companies in the last two or three months. However, with the constant supervision and regulation of the market, the current market has finally ushered in the opportunity to enter the market. At this time, I personally feel relatively safe.

　　To be honest, today’s large-scale decline is the result of panic brought about by the escalation of Sino-US trade war. The problem is that several people have thought that Sino-US trade war has something to do with a large number of stocks. A large number of stocks are not only bad for the Sino-US trade war, but may still be good. The trade war is scary to listen to, and the media has made it terrible. How many are really clear? I personally feel that there is nothing terrible about the trade war.

　　Fighting is such a thing. Anyway, as long as you don’t fight, how bad can it be? There have been many such crises in China in the past 30 years. A few days ago, I chatted with the boss of one of the largest unicorns in China. He told me that it was terrible. Can China carry it through? I said it was terrible. In the early 1990s, when China banned China globally, it survived on its own. In 1997, when the Asian financial turmoil broke out, China didn’t accumulate anything. In 2004 and 2007, no crisis was bigger than the current crisis, so it was just as good. Isn’t the rise of any country like this? It is difficult and bumpy, and there is no smooth sailing. The problem is that fear can’t solve any problems. If you encounter some problems, you will worry about it. Which one will live or not? If China is beaten to the ground, to put it bluntly, if you are worried or not, you are all dead. If you don’t play the stock market, saving some cash can solve the problem, but you are all dead. If China hadn’t stayed down, you would have missed a lot of opportunities. This odds are definitely suitable for participation, just bet on the national luck.

　　If you think there is no chance for China’s national luck, it’s simple. Dig a cellar in the deep mountains and forests and hoard Chinese cabbage. Don’t think so much shit. American President Roosevelt said that the greatest fear is fear itself, which is quite right. I don’t know what a bunch of people are worried about. 50 billion dollars tariff? 200 billion tariff? Or $400 billion worth of goods to increase tariffs? What happens if you add it, and China dies? What if you don’t add it? China won? Without rhyme or reason. Therefore, this inexplicable fear that I don’t know why often makes people feel very scared. Under this fear, thousands of stocks have fallen, and many people are even more afraid. I really don’t think it is necessary at all.

　　So, when the limit fell in the afternoon, I naturally bought it in buy buy, and it was very cool and happy. Because I have never felt that the Sino-US trade war has anything to do with a large number of A-shares, it is purely a decline in excessive fear caused by emotional turmoil, or that emotions may spread for many days. So what, in this case, I think many A-shares have actually gradually produced investment value.

　　Today, 1,032 stocks have gone down, 886 stocks have a market value of less than 3 billion, 206 stocks have fallen below their net assets, about a few hundred stocks have fallen to the lowest point in history, and there are still many stocks with a record low trading volume. In this case, the investment value of stocks has obviously increased. I have always said that whether a company is good or not depends on the price. No matter how good the company is, it will not be good if the price is expensive. If the poor company is cheap, it will also be a good company. Xiaomi company is not bad, but with a valuation of $100 billion, idiots will buy it. A large number of stocks must have fallen out of their investment value after a continuous sharp decline. As long as time is given, these companies will gradually get out of their due value. In particular, there are fewer good companies that have been killed by mistake at all.

　　I picked some companies with high book cash and low debt, and I kept buying and buying, so I was afraid of nothing. Looking at today in the next five years, I feel that many historical accidents have given us a good opportunity to buy some good stocks. Anyway, I bought them myself. Of course, don’t buy them at one time and buy them slowly. The return should be good. If you choose bad stocks, I personally suggest that you simply make a fixed investment in the fund. The current index is below 3,000 points. I think the downside space is very limited, but the upper limit space is still very large, and the odds are very high.

　　Nowadays, the world is very flat, and it is particularly easy to get all kinds of media news on the Internet, so you can always get in touch with all kinds of financial knowledge, whether true or false or logical or illogical. A little thing can also amplify the survival of the country, so all kinds of WeChat official account, every day, China is going to die today, and China is going to collapse tomorrow. Trump is awesome and deified. Anyway, since the emergence of the so-called media, China has collapsed tens of thousands of times. The reality is that.

　　Crisis has always been a combination of danger and opportunity. There is nothing that is only bad, and there is nothing that has to be good. We should face up to the problem, but there is no need to expand it. In fact, we really don’t understand some basic logic in many things. For example, some time ago, many people told me that foreign exchange reserves fell below 3 trillion. What should we do? I’ll just meow and ask him, it’s none of your business to fall below 3 trillion light. What do you want so much for? He really said it’s none of my business? I said it has nothing to do with your hair, so why think so much. If you are not an economist, you are not a politician, and you are not the boss of the foreign exchange administration, it really has nothing to do with you.

　　Others say that the RMB has depreciated. What should I do to change some foreign exchange? I said you have tens of millions, but he saidno. I said that’s none of your business. If the RMB falls by 10%, you will have hundreds of thousands in your hand, and you will lose tens of thousands of dollars at most. The problem is that you will not fall. You’re still losing tens of thousands of dollars, so you have to do so many things for this tens of thousands of dollars. In fact, every day you hear a lot of messy and various economic news, which has nothing to do with you. If it does, it’s actually that everyone dies together. What you do or don’t do has little impact. It’s just a small wave in the torrent. You can’t change anything. If you want to understand, you should eat and sleep. This is reality. After listening to too much news, come on.

　　I also sent a speech in the afternoon, which was a speech for 16 years. The meaning of this speech is to ask everyone to stop, and not to be fooled into buying wealth management, PE, stocks and investments, because in the past few years, all these things have lost money. You might as well do nothing and stay quietly, otherwise you will move. When the real opportunity comes, you actually have no money to move. Look at me. Compared with many people who do things diligently and do stocks every day, they lose at least a lot of money. For those who don’t buy short positions in any stocks this year, you have basically outperformed 89% of the people, which is definitely the position of a stock god. The return on investment is often negatively related to the frequency of operation, because most people’s decisions must be wrong, and the probability of doing more must be wrong is higher. Just wait slowly. Wait for an opportunity, then go in, I dare not say that I will make money, but I will definitely lose a lot less than most people. I bought some stocks today, and I believe I will lose a lot less than most people. This is reality. Too many people listen to all kinds of reasons everywhere, never think for themselves, then they don’t know how to make money, and they don’t know how to lose money, and then they don’t know where the problem is until they die.

　　Finally, I would like to talk about my views on the future. I always think that the future will definitely be an era of internal appreciation and external depreciation. Of course, the depreciation rate will not be too large. The typical feature of this era is that the cash value will increase, and the external depreciation has little to do with most people who don’t go abroad. It’s none of your business to depreciate or not. Is it possible to inflate in a large area? Of course, it is possible. When inflation rises, the cost of living will rise. Will it, of course? This is what I said. In troubled times, no one is innocent. People born in any age should have consciousness in any age. Munger also said something similar, macro is what we have to bear, and micro is where we make a difference. Too macroscopic things often make it impossible for us to control our own destiny, and we can only do the details well. Life in the big era is mostly like this, just as people are like dirt and weeds, who can control themselves? Take control of your own destiny.

　　Therefore, betting on the national luck means that if the national luck wins, you will make money. If you lose, no one can escape anyway, so it’s not up to you to decide, so it’s no use thinking about it. Anyway, I never think about it. Therefore, I basically don’t consider this possibility of external devaluation. What I consider is actually how big it will be for our relationship in the case of internal appreciation. Many people say that our so-called internal depreciation and external appreciation in the past few years, I personally feel that it is actually not established.

　　There has been no large-scale inflation in the past few years, but asset prices have risen sharply. But everyone consumes food, which is related to people’s livelihood, and the price increase is general. So soaring prices don’t exist. However, the rise in asset prices is essentially an investment product, and it has a fluctuation cycle. So I don’t think that the sharp rise in house prices represents the devaluation of the currency. China’s real estate is hardly representative of residential use, but more of it is financial derivatives. Essentially, it is a financial product. Moreover, it is a wealth management product with rigid redemption. Please come and see in the future, this rigid redemption wealth management product will be broken. As a result, there is a large-scale loss of investment.

　　In reality, we feel that the probability of deflation will be greater than inflation. As a result, the internal appreciation of you and the external depreciation occur. Isn’t it because of the decline of investment products represented by houses, the breaking of rigidity of a large number of financial scams, and the default of a large number of bonds of listed companies that the liquidity is tense? Take care of the money in your hand, I believe it will become more and more expensive. In other words, the probability of internal appreciation is very high. At this time, whoever holds more cash will actually have more choices. In the current market, I personally prefer financial products that can ensure the safety of cash, and then gradually allocate small positions to enter the stock market with high probability and high odds. Expand the position little by little.

　　In fact, the last time the stock market plunged was just the third anniversary. At that time, the market was desperate and collapsed, but three years later, the market collapsed? Not the same. Okay? People panic when they panic, and they are extremely optimistic when they are optimistic. It is human nature to chase after the ups and downs. We have to learn from foreign capital. The market keeps going down, but foreign capital keeps hunting for the bottom. Last time, it was the same, but this time it was different. 234 stocks in China stock market were added to msci list, and a large number of stocks were listed in the passive investment system of funds, so the liquidity will be greatly strengthened. Therefore, the recent data can clearly see that foreign capital is continuously flowing in, and foreigners in the Sino-US trade war are all for us. It’s also quite interesting.

Enterprises ＂Move＂, Production Capacity ＂Live＂ and New Business Form ＂Fire＂ —— Big Data Outlines New Economic Trends

　　Recently, while effectively preventing and controlling the epidemic, efforts to resume work and production have increased, and many industries have begun to gradually recover. With the "return to work key" turned on, what is the situation all over the country? What are the new changes in economic operation? Big data outlines a map of steady economic recovery.

Courier returns to work

Productive service enterprises take the lead in "moving"

　　In the past few days, at the entrance of No.21 Chengfu Road, Haidian District, Beijing, there has been an endless stream of express delivery vehicles. The staff of China Post, SF, JD.COM, Zhongtong and other companies are wearing masks to sort out express parcels, and the incoming consignees are methodically picking up the pieces by code.

　　"The disposable gloves, disinfectant and other protective products purchased online a few days ago have arrived in these two days." Mr. Lin, a resident of the community, said that he felt that the efficiency of express delivery has improved significantly recently. Yesterday, the express delivery just received the order, and today he received the goods. The courier also said that in recent days, with the increase of rework personnel and the gradual resumption of work by various companies, the delivery volume and shipment volume of express delivery have increased significantly.

　　The reporter learned from the State Post Bureau that the express delivery industry has returned to normal production capacity of more than 40%. On February 17th, 112 million pieces of express mail were collected nationwide, accounting for 60% of the normal business volume, and the delivery volume exceeded 80 million pieces, exceeding 40% of the normal business volume. The courier brother has more than 2 million people returning to work.

　　The logistics industry gradually resumed work, which led to the reopening of many physical stores. According to the latest data from Alipay, the number of business stores increased by 25% last week, and the number of fast-selling retail stores closely related to the lives of ordinary people increased by 35%. Among them, Shenzhen, Changsha and Guangzhou have the largest increase, ranking in the top three, and many cities are entering the stage of orderly resumption of work.

　　A few days ago, Alipay and the online merchant bank conducted a questionnaire survey on 20,000 small stores. The results showed that 88% of them said that they would not reduce their employees this year, 38% said they would recruit other employees, and more than half of them thought that their income could still exceed last year.

　　Productive service enterprises take the lead in "moving", get through the blocking points of production and living materials circulation, and ensure the effective supply of production materials and living materials, which will effectively promote the comprehensive resumption of work and production.

Production capacity "live"

Netizens share the traffic jam "Little Lucky"

　　Since the 18th, many netizens have taken photos of traffic jams in their cities in their circle of friends and Weibo, but they are a little excited instead of complaining.

　　According to the real-time road conditions of Baidu Map App during the morning rush hour on the 19th, the overall congestion situation in Beijing has rebounded slightly. After experiencing the life of pressing the "pause button", we saw the normality of life from the crowded traffic. Nowadays, the traffic volume is increasing, and the peak congestion is returning, which means that the number of enterprises returning to work and production is gradually increasing.

　　Electric power is a barometer of economic development, which directly reflects the resumption of work and production in various industries. The power index of enterprises returning to work also provides the possibility of "two mistakes" for epidemic prevention and returning to work.

　　When the machine rings, there are two thousand gold. Guangdong, with an economic aggregate of more than 10 trillion yuan and a strong manufacturing cluster, has an eye-catching performance in returning to work. As of February 14th, the electricity consumption in Guangdong Province continued to rise obviously, with an increase of 18.7% compared with the day before the resumption of work (9th). Among them, industrial electricity consumption grew rapidly, with the growth rate reaching 67.5% compared with the day before the resumption of work (9th). This shows that Guangdong enterprises are working at full capacity to resume production. According to the calculation of electricity consumption, over 60% of enterprises in Guangdong have resumed work.

　　Shanghai’s performance in returning to work is also particularly outstanding. From the perspective of industry classification, among the industries above designated size, the sub-sectors such as public utilities and pharmaceutical industry, represented by electric water and gas, have relatively good capacity recovery, with a compound yield of over 65%; The electronics industry maintained a high level of resumption of production, reaching 80.29%. In the tertiary industry, the information transmission software, financial industry and other sub-industries have resumed production relatively well, with the recovery rate exceeding 60%; The recovery rate of accommodation and catering industry, which was greatly affected by the epidemic, was 52.3%, which was relatively low.

　　Zhejiang, a major economic province seriously affected by the epidemic, has a relatively stable trend of electricity consumption recovery. As of February 14th, the last working day of last week, Zhejiang announced that the power index of enterprises returning to work was 27.55. Generally speaking, if the normal production index of all enterprises is 100, then nearly one-third of enterprises in Zhejiang have resumed production. Although the value of 27.55 needs to be improved, the current warming trend is very obvious.

The new format is "on fire"

A more active online scene

　　Since the outbreak of the COVID-19 epidemic, while the whole people have carried out the prevention and control of the epidemic, it has also promoted the prevalence of new formats. In addition to the good achievements in traditional online consumption fields such as retail, catering and games, it has also spawned a number of new formats such as telecommuting, aerial classroom and online medical care.

　　"To what extent do you buy food online now? Every day, you need to make an appointment in advance and snap up at a fixed point. Many platforms can’t buy sought-after materials such as vegetables and eggs if you don’t pay attention. " Mr. Zhang, who just returned to Beijing from Tianjin, said.

　　Online data can well interpret Mr. Zhang’s online shopping experience. According to public data, during the Spring Festival this year, the order volume of take-away food in Beijing increased by 9 times year-on-year, and the order of Shangchao also increased by more than 2 times year-on-year; In the past week, the order quantity of box horse in Guangzhou, Shenzhen, Chengdu and other places reached 5-10 times as usual; During the period from New Year’s Eve to the fourth day of every day, the paid-in transaction volume increased by 321% compared with the same period of last year. It is estimated that the total sales volume in the seven days of the Spring Festival will exceed 40 million pieces. Ding-dong’s orders for buying vegetables on New Year’s Eve increased by over 300% compared with the previous month. The epidemic has given birth to a great increase in the demand for fresh e-commerce orders, and the industry has ushered in development.

　　At the same time of returning to work, returning to school is another challenge facing the whole society. Under the developed network environment, "air classroom" and "telecommuting" came into being, and they are the new formats spawned by "home economy".

　　Recently, among the top 10 applications for business downloads in the mobile app store, 9 are online office or online conference software, and online office software has surpassed WeChat, ranking first in the free download list. According to nail statistics, about 200 million people work on the platform within a few days of construction. After this period of practice, many enterprises began to consider turning telecommuting into the normal state and putting the saved rent into production.

　　"Stop studying" is the word most mentioned by parents of teachers and students. On February 10th, Shenzhen Education Bureau held a media briefing to inform about the development of online teaching. On the same day, 88 ordinary high schools in the city started online teaching at the same time, and new courses were offered live according to the syllabus. On February 10th, the first day of school in Shenzhen Middle School, 286 teachers and more than 2,700 students from the whole school started an online teaching and learning tour through Tencent Classroom, and the first public class attracted more than 30,000 people to watch it live.

　　In addition to the education industry and corporate office, online business growth has also occurred in government affairs, medical care and other industries. It is reported that the number of government+medical epidemic service applets has reached hundreds, and many experts expressed optimism about its future development potential. I believe that the whole society will re-examine the value of technology after the epidemic.

A shares, witness history!

Without hesitation, all-out counterattack!

The mood of doing more money broke out completely. In early trading today, A-shares counterattacked across the board. As of midday, the GEM index soared by 9.33%, the largest increase in the market in history. The Shanghai Composite Index rose 2.14% and the Shenzhen Component Index rose 6.37%. New energy, big finance and big consumption broke out collectively, and the wealth of the East soared by over 13%, while that of Contemporary Amperex Technology Co., Limited rose by nearly 10%.

At around 10: 00 a.m., many stock indexes on the Shanghai Stock Exchange showed a straight and sideways market. At present, the Shanghai Composite Index has resumed volatility, and the increase has rapidly expanded to 2%. In the meantime, the Shanghai Stock Exchange issued a notice saying that. "We are concerned that after the opening of the market today, there is an abnormality in the auction trading of our stock that the transaction confirmation is slow. The firm has paid attention to the relevant situation at the first time and is investigating the relevant reasons. "

In addition, the real estate sector rose across the board. On September 27th, the property stocks in Hong Kong stocks collectively strengthened, with Kaisa Group soaring by over 69% in intraday trading and Xuhui Holding Group rising by over 10%. The A-share real estate sector also continued to strengthen, with the daily limit rising wildly. Vanke A, gemdale, Greenland Holdings, Chengtou Holdings, Sunshine Holdings, Financial Street and OCT A had strong daily limit.

Analysts believe that the the Political Bureau of the Communist Party of China (CPC) Central Committee Conference’s signal of "stopping falling and stabilizing" means that the central and local real estate easing policies will be overweight in the fourth quarter. It is expected that the purchase restriction policy in Beishang Shenzhen will be further optimized and adjusted in the future, and the purchase restriction policies in other regions such as Guangzhou are expected to be fully liberalized.

Stimulated by favorable policies, some positive changes have begun to appear in the property market. Some insiders said that the number of consultations on property market projects has increased. While consulting the latest credit policy, some property buyers are also asking whether the price is favorable.

Soaring across the board

On September 27th, after the opening of the Hong Kong stock market, domestic property stocks collectively strengthened, with Kaisa Group soaring by over 69%, Xuhui Holding Group by over 10%, Sunac China and Ocean Shipping Group by over 9%.

The A-share real estate sector also continued to strengthen. Following yesterday’s wave of daily limit, it launched a counterattack again today. By midday, the real estate index rose by 6.24%, and Vanke A, gemdale, Greenland Holdings, Chengtou Holdings, Sunshine Shares, Financial Street and OCT A had strong daily limit.

By midday, the Shanghai Composite Index was up 2.14%, the Shenzhen Component Index was up 6.37%, and the Growth Enterprise Market Index was up 9.33%, the largest intraday gain in history. More than 5,200 stocks rose in the whole market, with a half-day turnover of 946.6 billion in Shanghai and Shenzhen stock markets. As of the midday closing of Hong Kong stocks, the Hang Seng Index rose by 3.41% and the Hang Seng Technology Index rose by 6.56%.

In the news, the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on September 26th to analyze and study the current economic situation and plan the next economic work. The meeting stressed that in order to promote the real estate market to stop falling and stabilize, it is necessary to strictly control the increment of commercial housing construction, optimize the stock, improve the quality, increase the loan of "white list" projects, and support the revitalization of idle land. It is necessary to respond to the concerns of the masses, adjust the housing purchase restriction policy, reduce the interest rate of existing mortgage loans, and promptly improve policies such as land, taxation and finance to promote the construction of a new model of real estate development.

Looking back on previous Politburo meeting of the Chinese Communist Party, it is the first time that the term "promoting the real estate market to stop falling and stabilize" appeared. Yan Yuejin, vice president of Shanghai Yiju Real Estate Research Institute, said that this is the first very clear instruction made by the Political Bureau of the Central Committee on the real estate market, that is, "stop falling and stabilize". The "stop falling" here includes both the stop falling volume and the stop falling transaction price.

Recently, the central bank also intensively released a number of policies to boost the property market. In terms of mortgage, it will reduce the interest rate of existing mortgage and unify the minimum down payment ratio of mortgage. Specifically: guide commercial banks to reduce the interest rate of existing mortgage loans to the vicinity of the interest rate of new mortgage loans, and the average decline is expected to be about 0.5 percentage points. Reduce the minimum down payment ratio of the second home loan at the national level from 25% to 15%, and unify the minimum down payment ratio of the first suite and the second suite.

Guo Lei, chief economist of GF Securities, said that the tone of the meeting on the real estate market was very clear. The meeting pointed out that promoting the market to "stop falling and stabilize", including "responding to the concerns of the masses and adjusting the housing purchase restriction policy", meant that the probability of relaxing the real estate purchase restriction policy in first-tier cities was greatly increased. Adjusting the housing purchase restriction policy is one of the most flexible areas of real estate policy at present.

Guojin Securities said that the real estate industry may usher in a new round of policy enthusiasm. At present, the fundamentals of the real estate sector are still bottoming out, and the policy expectations are strong. At the same time, low valuations and low positions are superimposed, so it is more flexible in the short term.

Open source securities pointed out that this portfolio policy for real estate has released a positive signal and provided full support for buyers and enterprises. The down payment ratio of mortgage has dropped to a historical low. The reduction of the interest rate of existing mortgage can reduce the debt pressure of residents, stimulate consumption and investment, reduce the pressure of repaying loans in advance, stabilize the expectation of housing consumption and boost the confidence of buying houses. The reduction of policy interest rate also indicates that the interest rate center of subsequent mortgage will move down further.

Positive change

The signal of "stopping falling and stabilizing" also means that the real estate easing policies of the central and local governments will be overweight in the fourth quarter.

At present, the cities that still have the purchase restriction policy only include Beijing, Shanghai, Guangzhou, Shenzhen and parts of Tianjin and Hainan. Chen Wenjing, director of policy research of China Central Finger Research Institute, said that it is expected that the purchase restriction policy in Beishang Shenzhen will be further optimized and adjusted in the future, and the purchase restriction policies in other regions such as Guangzhou are expected to be fully liberalized. Optimizing the purchase restriction policy in Beishang Shenzhen will also help to exert the driving effect of big cities and boost market confidence.

Stimulated by favorable policies, there have also been some positive changes in the property market.

According to 21st century business herald, the relevant person in charge of a listed real estate enterprise said that the company had preliminary communication with cooperative financial institutions on the issue of landing rules. But he did not disclose the content of the communication. The source said that the company has already made a judgment on this round of policy adjustment, and in addition, it is currently in the traditional marketing peak season of "Golden September and Silver 10", and the company has made arrangements in marketing.

The relevant person in charge of a real estate company in Chengdu also said that the company has communicated with government departments and financial institutions, and is currently waiting for the relevant rules to land. "I hope to quickly grab a wave." He also pointed out that the consulting volume of the company’s projects has increased in the past two days. While consulting the latest credit policy, some property buyers are also asking whether the price is favorable.

After the regulatory authorities set the tone, the policy landing in various places has also received much attention. Previously, some cities have released positive signals.

Analysts pointed out that many cities will introduce landing policies one after another in the future. In addition to credit measures such as lowering the interest rate of existing mortgage loans and lowering the down payment ratio of second homes, whether the relevant restrictive policies in core cities can be further loosened is also the focus of attention.

The relevant policies and measures for the financing end of housing enterprises have also attracted much attention.

The regulatory authorities said that the study allowed policy banks and commercial banks to lend money to support qualified enterprises to acquire the land of housing enterprises in a market-oriented manner, revitalize the existing land and ease the financial pressure on housing enterprises.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　On June 28, 2024, it was officially launched. The new car is a new model under the LEAP 3.0 technical architecture of the zero-run, equipped with a four-leaf clover central integrated electronic and electrical architecture, equipped with a Qualcomm Snapdragon 8295 cockpit, and equipped with a lidar, with high-level auxiliary driving functions. In the power chassis part, the new car is built on an 800V high-voltage platform, with CTC 2.0 battery chassis integration technology, high-performance oil-cooled electric drive, and provides pure electric and extended-range hybrid systems. Among them, the extended-range model has a pure electric range of 200km.Low charge fuel consumption 5.4L/100km. Positioning a medium and large six-seat SUV, the official defines it as "MPSUV", that is, a combination of SUV and MPV. The new car offers a total of 6 models to choose from, and the price range covers 15.58~ 185,800 yuan.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　Zero Run’s models implement a very pure internal and external design idea. Many models use a set of basically consistent design language, with only slight differences in the binding details and body size of the body. Zero Run C16 also follows this idea and adopts the latest family-style design language. Its overall shape is relatively simple, and it is more similar to the design style of C10. The whole car has rounded lines and a sense of technology. In terms of appearance color scheme, Zero Run C16 provides 6 color schemes: Star Silver, Star Purple, Sky Gray, Pearl White, Metal Black and Glazed Green to meet the personalized needs of different consumers.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　On the front face, the Zero Run C16 has the iconic closed grille of new energy models with sharp LED headlight groups on both sides. The bright black trim is connected to the left and right headlights. The rectangular intake grille at the bumper has a regular shape and a more stable sense. The shape of the entire headlight is still family-style, and the addition of the through light strip further enhances the recognition.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　The side shape of the Zero Run C16 is very square and burly, and the tough and simple outline lines create a sturdy and sturdy visual effect, with a strong sense of volume. In terms of details, the bright black window frame and external rearview mirror with hidden door handles also add a certain sense of style. In terms of body size, the length, width and height of the new car are 4915/1950/1770 mm, and the wheelbase is 2825 mm. This data also makes the Zero Run C16 the largest model launched by the Zero Run brand so far.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　Coming to the rear of the new car, the rear shape of the new car is also more square and stable, and the design elements are not complicated, presenting a simple aesthetic sense and a strong modern sense. The slender and slender through-type LED taillight group has a simple shape, which is more recognizable after lighting. The roof spoiler component and the bottom blackened and surrounded enhance the visual layering of the rear.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　In terms of interior, the Zero Run C16 continues to adopt a family-style layout design. The T-shaped center console is equipped with a 14.6-inch 2.5K floating central control large screen and a 10.25-inch full LCD instrument panel. The steering wheel adopts a double-spoke flat-bottomed design. The physical buttons on it have also been optimized, and the Huai gear shift is adopted. The interior color scheme also continues to be a warm home route. The designer brings a certain sense of luxury through the combination of leather, soft plastic trim and other materials. In the interior theme part, the new car offers three styles including malt rice, cabernet orange and Xingyuan purple.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　In the car part, the Zero Run C16 car machine introduces the Qualcomm Snapdragon 8295 smart cockpit, equipped with the Leapmotor OS smart car system, in addition to the commonly used vehicle to everything functions, it also supports dual-region Keyword Spotting recognition, visible to say, 5G network, OTA upgrade, car KTV and mobile APP remote control.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　In terms of smart driving, the Zero Run C16 hardware is equipped with NVIDIA Orin-X chip, the chip computing power is 254 TOPS, and it is equipped with 30 smart driving sensors, including 1 lidar, 5 millimeter-wave radars, 12 cameras and 12 ultrasonic radars. Functionally, it supports high-speed section navigation assistance driving, such as automatic on-ramp entry and exit, automatic lane change assistance, automatic parking entry and other functions can be realized through the system.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　The Zero Run C16 seat is covered with high-grade leather, which ensures a luxurious visual effect and brings a good ride texture. The seat adopts an integrated suspended headrest. In the spatial layout, the Zero Run C16 mainly has a 6-seat layout, and the interior adopts a 2 + 2 + 2 six-seat layout scheme. The second row is double independent seats, designed with 7 layers of comfortable fabrics, and has a 145-degree large elevation backrest. The official once said that the entire cockpit can be filled with "6 Shandong men are also calm".

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　In terms of comfort-related configurations in the cockpit, such as front and rear seats heating/ventilation, two rows of small table boards on the right, 21-speaker sound system, 360-degree panoramic image, one or two rows of double-layer sound insulation glass, panoramic canopy, electric rear tailgate, rear privacy glass, and independent air conditioning in the three-temperature area. It also provides a 10066 square centimeter oversized side window cockpit. The new car also provides a folding entertainment screen located on the roof ceiling of one or two rows, which is not common in the same class.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　The third row still maintains a good space comfort. The height of the seat from the ground is 350mm, the depth of the seat cushion is 460mm, and the thickness is 124mm. The backrest supports 10-degree adjustment, and the feet are designed with "high driving control", and the top of the head is also hollowed out, so there is enough space.

Sold for 15.58 to 185,800 yuan, Zero Run C16 officially listed

　　In terms of power, the Zero Run C16 was born in the Zero Run four-leaf clover architecture, built on the 800V silicon carbide platform, equipped with CTC2.0 battery chassis integration technology, equipped with a new oil-cooled motor, providing pure electric version and extended range version models. Among them, the extended range version models are equipped with an extended range hybrid system composed of a 1.5L range extender and an electric motor. The maximum engine power is 70 kW, and the maximum motor power is 170 kW.Low charge fuel consumption 5.4L/100km.

　　In the battery part, the Zero Run C16 is equipped with a lithium iron phosphate battery pack with a capacity of 28.4 kWh, with a pure electric battery life of 200km under CLTC conditions and a comprehensive battery life of 1095km; the pure electric version is equipped with a drive motor with a maximum power of 215 kW and a lithium iron phosphate battery pack with a capacity of 67.7 kWh. Under CLTC conditions, the pure electric battery life is 520km, and the battery SOC from 30% to 80% takes only 15 minutes at the fastest.

Red flag EH7 in Zunyi area is on sale, the lowest price 199,800! not to be missed

Welcome to the Autohome Zunyi promotion channel, which brings you the latest car purchase discount information. At present, the high-profile series of models is undergoing an unprecedented promotion, aiming to provide consumers in Zunyi with benefits. It is understood that car buyers can enjoy cash discounts of up to 30,000 yuan, and the minimum starting price has been adjusted to 199,800 yuan. This is an opportunity not to be missed. If you want to know more details or get the best price, please be sure to click the "Check Car Price" button in the quotation form and let a professional car consultant provide you with personalized car purchase advice.

遵义地区红旗EH7特价出售，最低售价19.98万！不容错过

As a luxury business model, the exterior design of Hongqi EH7 shows the perfect fusion of traditional Chinese culture and modern aesthetics. Its front face design adopts exquisite family language, and the iconic chrome-plated straight waterfall air intake grille is like the traditional Chinese jade Ruyi, symbolizing dignity and harmony. The body lines are smooth, and the overall style is majestic, showing the solemnity and strength of the Hongqi brand. The body proportions are coordinated, and the details are full of exquisite craftsmanship, bringing users a noble and elegant driving experience.

遵义地区红旗EH7特价出售，最低售价19.98万！不容错过

The side design is a highlight of the Hongqi EH7, a luxury sedan with its 4980mm*1915mm*1490mm body size, outlining an elegant and stable profile. The 3000mm wheelbase makes the body proportionally harmonious, and the front and rear wheels are 1645mm and 1655mm respectively, ensuring driving stability. The tire size is unified as 245/50 R18, and the delicate wheel design not only enhances the visual beauty, but also strengthens the vehicle’s sense of movement and tranquility. These details together create the smooth and powerful image of the Hongqi EH7 on the side.

遵义地区红旗EH7特价出售，最低售价19.98万！不容错过

In terms of interior design, the Hongqi EH7 shows the perfect fusion of luxury and technology. The exquisite leather steering wheel provides a comfortable grip and supports manual up, down, and front and rear adjustments, providing the driver with a precise operation experience. The 15.5-inch large-size central control screen highlights the intelligence of the vehicle, integrating multimedia systems, navigation, phone and air conditioning functions for easy user operation. As for the seat, a mix of imitation leather and leather/fur materials is used, which not only enhances the touch, but also pays attention to the comfort of passengers. The main driver’s seat provides a wealth of adjustment options, including front and rear, backrest, high and low adjustment, and waist support, while the power seat memory function ensures the driver’s personalized setting. The passenger seat also supports front and rear adjustment, and the front seat also has heating, ventilation, and headrest speakers, while the rear seat supports proportional reclining, providing passengers with flexibility and convenience.

Of course, based on the given information, the Hongqi EH7 is equipped with a powerful engine with a maximum power of 253 kW and a maximum torque of 450 Nm. This power system provides abundant power support for the vehicle and ensures a smooth driving experience.

In summary, the Autohome owner’s evaluation of the Hongqi EH7 is full of attention to design details, and his suggestions for the logo design undoubtedly reflect his expectation for brand innovation. In the actual driving process, the appearance design of the EH7 has won the admiration of most people, and its charm has aroused a lot of curiosity and amazement. This not only proves the strength of the Hongqi brand in the field of new energy, but also makes the EH7 the focus of passers-by. I believe that in the future, the EH7 will continue to win the hearts of more car owners with its unique charm.

Geely Star Wish opens pre-sale, priced 7.88-10 7,800 yuan

On September 14, Geely Star will officially open the pre-sale, the new car launched a total of 5 models, priced 7.88-10 7,800 yuan.

The new car is based on Geely’s new pure electric platform, using a new design language, with a length, width and height of 4135x1805x1570mm and a wheelbase of 2650mm, providing seven body color schemes; the new car smart cockpit adopts Flyme Auto system, equipped with a large-size floating central control screen.

In terms of power and battery life, the new car is declared in the form of a single rear motor, providing two different power versions, with maximum power of 58kW and 85kW respectively, equipped with Aegis short knife battery; there are two types of pure electric battery life, 310km and 410km.

Geely Star is included in the Geely Galaxy product series. From the appearance and body shape, the number one competitor of this car should be BYD Seagull. However, some users said that the pre-sale price of this car still has room to drop, and it may bring surprises when it is officially launched.

Wang Jianlin does not leave the card table

Near the end of the year, Wanda’s news was frequent. First, Wanda Film was completely sold, and then there were rumors that Zhuhai Wanda Commercial Management would transfer Wanda Plaza in first- and second-tier cities.

A few years ago, Wanda, which had "sold off" Wanda Cultural Tourism and Wanda Hotels, and had a strong man break his wrist, is now going to "cut off his arm" again, but this time the situation he has to face is more dangerous than before.

However, this housing leader, who was the first to face the real estate industry’s storms, is still on the table despite years of difficult mediation and repeated broken arms to survive.

Unfortunate, but fortunate.

Because compared to several other giants that have been blown away by the rain, it is undoubtedly much more decent.

one

Wanda’s deadline is only more than 20 days away.

According to the gambling agreement, if Zhuhai Wanda Commercial Management cannot complete the listing within the year, it will pay a total of 38 billion yuan in cash and interest due at the end of the year to repurchase the shares in the hands of investors.

This year is already the third year that Zhuhai Wanda Commercial Management has impacted the Hong Kong IPO. In June this year, Zhuhai Wanda Commercial Management has also submitted a prospectus for the fourth time.

Now, with only 20 days left until the end of the year, the chances of going public are slim.

Legend has it that the plan for listing extension has also been rejected, and the rest may only be paid 38 billion this way.

In addition to the well-known listing crisis, Zhuhai Wanda Commercial Management also faces considerable performance pressure.

Previously, Zhuhai Wanda Commercial Management has made performance commitments to Tencent, Ant, CITIC Capital and other investors.Commitment to the period from 2021 to 2023, the actual net profit will not be less than 5.19 billion yuan, 7.43 billion yuan and 9.46 billion yuan respectively.

If the performance does not meet the target, Zhuhai Wanying, a shareholder of Dalian Wanda Commercial and Zhuhai Wanda Commercial Management, will transfer the relevant amount of shares at zero consideration or pay cash to investors to compensate investors.

However, Zhuhai Wanda Business Management’s net profit in 2021 was 3.512 billion yuan, which did not meet the target. The net profit in 2022 was 7.534 billion yuan, which is only just reached the target.

So in the coming 2023, can the goal of net profit of 9.46 billion yuan be achieved? It is difficult to say.

After all, Wanda can’t even take out 600 million dollars now.

At the end of November, Wanda Commercial Management announced on the Hong Kong Stock Exchange that it plans to roll over a $600 million bond due in January 2024.

Fortunately, the plan was quickly approved by bondholders in less than two weeks, and the investor support ratio reached 99.3%.

The plan can be passed so quickly,Part of the reason is that compared with other real estate companies, Wanda’s extension plan seems more "conscientious". The extension time is only one year, which is not too long, and it will be paid off in four installments within the year.If creditors agree in advance, the total consent fee of 1.24% is also higher than the 1% common to other housing companies.

Another part of the reason is that Wanda’s business operations are still good, especially Wanda Plaza. In the first half of 2023, Wanda Plaza opened 12 new ones, with a total of 484 openings. The total rental income was 26.32 billion yuan, an increase of 4.5% year-on-year, and the net rent was 13.01 billion yuan, an increase of 7.2% year-on-year. At the same time, Wanda Plaza’s rental rate was 98.2%, and the rent collection rate was 100%.

Even with the rent of Wanda Plaza, the 600 million dollars is only a matter of time. But the problem is that Wanda Plaza has now become one of the chips for Wanda to put on the table.

Recently, news has leaked that Wanda Commercial Management has revealed in the process of communicating with investors that the group is currently willing to sell Wanda Plaza in first- and second-tier cities in exchange for liquidity, and is still negotiating with insurance institutions.

Further specific rumors are that a major insurance company is about to acquire Shanghai Jinshan Wanda Plaza, which has been inspected on the spot and has passed the negotiation period. Another Shanghai Maqiao Wanda Plaza is also in the transfer of shelves, and the management is still picking.

Although the dust has not yet settled, Wanda has sold five Wanda plazas in succession this year, so the rumors are indeed quite credible.

Wanda, which held a lot of high-quality assets, was now playing cards one by one in order to pass smoothly before the end of the year, and Wanda Plaza was just one of them. After all, the day before the rumors of Wanda Plaza appeared, Wang Jianlin had just completely changed hands with Wanda Film.

In the past year, Wang Jianlin has transferred the equity of Wanda Film three times. Although the selling price has been lower each time, Wanda Film has been firmly in Wang Jianlin’s hands.

Until this time,Wang Jianlin will Beijing Wanda investment 51% equity, at the price of 2.262 billion yuan transferred to Shanghai Ruyi Investment Management Co., Ltd., Wanda Film also completely sold.

What few people know is that Shanghai Confucianism is actually inextricably linked to real estate.

Behind Shanghai Ruyi is China Ruyi, formerly known as Hengteng Network. Hengteng Network was originally invested by Tencent and Evergrande, and later Tencent withdrew its investment. But after Evergrande fell into the debt crisis, it sold its shares one after another, and Tencent became the largest shareholder of Hengteng Network, which was later renamed China Ruyi.

After Wanda encountered a crisis, Confucianism became the snake that swallowed the elephant, Wanda Film, with the support of Tencent.

In the film industry, Wanda Film is a veritable "elephant". In the first three quarters of this year, Wanda Film’s performance reversed the trend, with operating income reaching 11.35 billion yuan, an increase of 47% year-on-year. Net profit also turned into profit, and profit 1.104 billion yuan.

It can be said that Wanda Film is one of Wanda’s veritable high-quality assets. For Wang Jianlin, who has always wanted to make Wanda Film "Hollywood in China", this sale is helpless.

Once upon a time, Wang Jianlin could withstand the doubts of 99% of investors, and went into the film industry with his own will. With the goal of "China’s first" and "world’s first", he frantically acquired Hollywood production companies to seize the market, and once achieved the world’s largest cinema market share.

But now, unable to withstand the pressure of reality, Wang Jianlin decided to cut off his arm and completely cut off the film business.

Wang Jianlin finally bowed his head to reality.

two

From being the richest man in China, to becoming the first "negative" in China, to raising 600 billion successfully slimming through the crisis in three years, becoming the richest man in real estate again, and now, having to run around again to raise money, Wang Jianlin has tasted the ups and downs that many people will never experience in their lifetime.

From 2015 to 2016, Wang Jianlin was the richest man in China on the Hurun Rich List for two consecutive years, with a net worth of nearly 220 billion yuan.

However, such a huge asset, built on perennial loans and debts, was like a bubble, bursting with a poke. In 2017, Wang Jianlin and Wanda’s debt ratio had reached 70%, and according to the disclosed information, Wang Jianlin had loaned more than 400 billion yuan to banks at that time.

At this time, the market has gradually cooled, coupled with the failure of overseas investment, Wanda’s vitality has been greatly damaged, and Wang Jianlin’s debt has soared to 600 billion yuan, suddenly becoming China’s first "negative".

In order to pay off the 600 billion yuan debt, Wang Jianlin began a crazy sale.

The prologue is the rumor that once talked about "breaking the cup" and the "great merger of the century" with total assets exceeding 63 billion yuan.

In 2017, Wanda sold 13 of its highly anticipated cultural tourism projects to Sunac China for 43.844 billion yuan, and 77 of its hotels to R & F for 19.906 billion.

Although the deal could be said to be a fire sale in terms of price, it successfully helped Wanda reduce its leverage, reduce its debt, obtain cash flow, and temporarily recover from the loan crisis.

Then, Wang Jianlin’s pace of selling assets never stopped. First, he sold Wanda Plaza in Jiujiang, Nanchang, Yancheng and other places in China to Pearl River Life Insurance. Later, he publicly stated that he would put his main investment in China and gradually liquidated overseas real estate projects.

Wanda first sold the Spanish mansion it bought in 2014 for 265 million euros for 272 million euros, losing nearly 200 million yuan in exchange rate changes. It later sold the much-anticipated Wanda London ONE project for about 59.35 million pounds, followed by two projects in Australia’s Gold Coast, Sydney and Chicago properties.

In 2018, Wang Jianlin resold shares in Wanda Commercial and Wanda Cinemas. Subsequently, AMC, the world’s largest cinema chain, which Wanda had invested a lot of effort in, was also reluctantly parted ways, and its shares were gradually sold by Wanda.

In May 2021, Wanda fully withdrew from the board of directors of AMC, retained only a minority stake, and accumulated $1.476 billion in funds, and Wanda gradually recovered from the "embarrassment".

However, in 2022, Wanda, which had recovered, quickly began to invest on a large scale, making great strides in the sluggish real estate market, and the shadow of high debt once again struck.

However, compared to the major private developers who either disappeared completely behind closed doors or ran away directly, Wang Jianlin has always appeared in the public eye, running around for Wanda, giving many people confidence.

Since the beginning of this year, Wang Jianlin has sold his own stocks many times, and returned 7 billion cash to Wanda to return blood, so that several maturing bond payment problems have been solved.

But in a recent public appearance, Wang Jianlin, who is so skinny, suddenly made people realize that Wanda was no longer the Wanda who was full of Wang fried, and Wang Jianlin was no longer the ambitious "white knight".

Five years ago, Wanda could still sell Wanda Hotels and Wanda Cultural Tourism. But now, after the sale of Wanda Film, Wanda, which focuses on "light assets", seems to have no more cards to play.

The Wanda Group, which was about to lose weight, was left with only a worried Wang Jianlin.

III. Conclusion

Looking back, Wanda used to diversify through crazy mergers and acquisitions and reached its peak, but it was burdened by diversification overnight, began to lose weight, and turned to an asset-light model. Now, after repeatedly breaking arms to survive, it has become more and more "light".

It was precisely in response to what he wrote in his own hand back then, "After years of business wars and wealth, everything has always been in vain."

However, as long as he didn’t leave the card table, even if he was facing a huge crisis now, even if he had to cut off his arm to survive, why not?

Living is more important than anything else.

This article is from the WeChat official account:Guru (ID: guru-lama)Author: Yuanhe

Passengers report that the price of online car-hailing has risen, and experts warn the industry of signs of monopolistic development

　　core reading

　　Recently, many passengers have reported that in the past few months, the fare of online car-hailing has increased a bit. The online car-hailing platform said that the basic fare has not been raised, and the subsidy has indeed been adjusted, but it is also to ensure the success rate of car-hailing, and the price is transparent and voluntary. Experts point out that under the pressure of funds, the low-price marketing strategy cannot be sustained. However, we should also pay close attention to whether there is any sign of monopoly in online car-hailing, and take countermeasures to protect the rights and interests of consumers.

　　Recently, many passengers have reported that Didi, Uber and other online ride-hailing fares have risen, but subsidies have become less and less, and morning peak fares must be doubled. What is the situation of price increases? What is the reason for the price increase? The reporter conducted an investigation.

　　Passenger: Shenzhen, Beijing has risen, but Shanghai does not feel obvious

　　At 8:40 a.m. on September 20, on Meishan Street, Futian District, Shenzhen, the reporter opened his mobile phone to call Didi Express. The app showed that the original fare of more than 20 yuan had increased by 1.2 times to nearly 50 yuan. If you don’t agree to double the fee, you can’t call a car.

　　The reporter agreed to double, but no driver took the order for a long time. Just as he was in a hurry, a taxi happened to pass by, so the reporter gave up calling for the express train and took a taxi instead. After half an hour, it only cost 33 yuan to arrive at the destination, which was more than 10 yuan cheaper than the express train.

　　"The price has gone up too fast." Ms. Chen lives in Xixiang Street, Baoan District, Shenzhen, and often uses Didi and Uber to commute alternately. "In March and April this year, Uber carpooling cost more than 30 yuan, and Didi carpooling cost more than 50 yuan. In July and August, Uber carpooling cost more than 80 yuan, and Didi carpooling cost more than 70 yuan. Now, Uber carpooling costs 91 yuan, and Didi carpooling is 93 yuan."

　　The increase in fares is closely related to the reduction in subsidies. "In the beginning, the amount of vouchers was large, and it was very common to have 60% off car vouchers. But now, it is usually more than 10% off," said Mr. Zhang, a Shenzhen resident. "Generally, you can only get a discount of two or three yuan, which is pitiful."

　　Passengers in Beijing are also facing price increases and reduced subsidies. Mr. Yang, a Beijing resident who works in Chaoyang District, often takes an Uber to return to his home in Tongzhou District during Friday night rush hour, a journey of about 16 kilometers. In June, taking People’s Uber cost about 35 yuan, but there was a 10 yuan coupon. Now there are no coupons for the same trip and time period, and the actual payment fee has increased.

　　Are all the extra fares paid by passengers given to online taxi drivers? In this regard, Master Lian, who has been a full-time Didi driver for more than a year, said: "Our income has decreased." He said that a year ago, the monthly income could exceed 10,000 yuan, but now it is only 5,000 or 6,000 yuan. "You have to run 25 orders a day to get an 80 yuan reward, not even one less order."

　　However, there are regional differences in the price of online car-hailing, and the price increase is not obvious in some cities.

　　In Shanghai, reporters have taken Didi Express or carpooling and People’s Uber many times in the past few days, and the distance is usually 5 kilometers to 10 kilometers. With subsidies, the fare is as low as two or three yuan, and as much as less than 30 yuan, and there is no obvious pressure to increase the price. If you take a taxi, Didi and Uber are still much cheaper.

　　The reporter also learned from Shanghai Uber that the price of People’s Uber has not increased recently, but has instead dropped, including a comprehensive reduction in basic fares.

　　Enterprise: The basic fare has not increased, and the subsidy is dynamically adjusted

　　Didi Chuxing said that the specific subsidy and reward standards in various places will be adjusted according to market conditions.

　　"Didi Express is in Shenzhen. Since April this year, the price has not changed. The pricing rule is still 1.8 yuan per kilometer and 0.5 yuan per minute." Li Mei, the public relations department of Didi Chuxing, said that the current pricing rules are detailed in the Didi mobile app. "The price is very transparent, and passengers have an estimated price before each order."

　　Uber China Shenzhen market manager Zhang Jiahao also made it clear that Uber has not raised the basic fare recently, and the price per kilometer and per minute is consistent with Didi.

　　As for subsidies, Li Mei responded that subsidies are a marketing activity that will be adjusted according to market conditions. "City travel itself is dynamic, so subsidies for drivers and passengers should also be dynamic. Future subsidies will be intelligently adjusted according to time, location, order conditions, and supply and demand, with the ultimate goal of improving the success rate of users’ ride-hailing," Li Mei said.

　　"In the last two weeks, we reduced passengers by 4 yuan, and this week we reduced them by 6 yuan, and the discount is even stronger." Zhang Jiahao said that Uber will issue coupons to all users through text messages, self-media and other channels.

　　For the doubling of morning peak fares, Li Mei explained that the system will match a reasonable price increase multiple for each order based on real-time supply and demand conditions. "Dynamic price adjustment may not only be used during peak periods, and in areas with tight transportation capacity, prices may also increase during off-peak hours. Dynamic price adjustment is not mandatory. If you don’t mind waiting, you can choose not to increase the price." Li Mei said.

　　Except for Didi, the prices of other online car-hailing companies seem to have changed little. The relevant person in charge of Yidao told reporters that from November last year to the end of June this year, Yidao has maintained a preferential activity of recharging 100 yuan and getting 100 yuan back, which is equivalent to users can take a taxi at half price.

　　Facts also prove that the competition is far from over. On September 22, Shenzhou Special Car, which has always adhered to its own vehicles and adopted the B2C model of heavy assets, announced that it launched the "U + open API" and promised never to take a cut. Shenzhou’s involvement in the C2C model and the practice of not taking a cut of driver income will make the direction of the market more uncertain.

　　Lu Zhengyao, chairperson and CEO of Shenzhou Youche, said that the "U + open API" is the same as the price charged by Shenzhou’s own vehicles, which is higher than the price of cruise cars and express cars. But Shenzhou has also launched a new round of promotion plan of "charging 100 to get 50 back", and the actual price after discount is similar to the price of cruise cars.

　　Enterprises generally believe that changes in market prices are closely related to the evolution of the future competition landscape. The relevant person in charge of Yidao said that the online car-hailing industry does not have the gene of monopoly, and anyone can use price leverage to enter the market at present.

　　Didi Chuxing also said that mobile travel is an emerging market with huge incremental space. At the same time, the industry competition is still very fierce, and new companies continue to join. For a long time, as one of the marketing activities, red envelope subsidies for passengers and driver rewards will continue to be distributed.

　　Expert: normal business conduct, but need to be vigilant against monopoly

　　What is the reason for this round of online car-hailing price increases represented by Didi and Uber? How should we view it?

　　In the opinion of Su Kui, a transportation research expert in Guangdong, there are many factors behind Didi’s price increase: First, after Didi merges with Uber China, effective competition will decrease, and the price is fundamentally determined by market competition. If there is no price competition pressure on the platform, the price will naturally be higher. Secondly, since Didi has a large number of users at both ends of the driver and passenger, it cannot increase the scale of subsidies by much, which means that the marginal effect of subsidies is very low, and it is a normal business decision to reduce or even cancel subsidies. Furthermore, the drivers of the special car platform have been a large number of full-time, and the cost of each transportation has little to do with the way of leasing. The price will eventually be closer to the traditional cruise taxi, reflecting the cost more. Finally, reducing subsidies is also related to the possible financial pressure on the platform in the future, or investors’ desire to make profits as soon as possible.

　　Experts say the price increase is largely due to a change in the previous low-price marketing strategy.

　　"As a means of promotion, companies can use low prices to acquire users, but it doesn’t mean that companies have to keep low prices all the time." Fu Weigang, a researcher at the Shanghai Institute of Finance and Law, cited the example of e-commerce as an example. "Everyone is used to the annual’Double 11 ‘carnival, but if there are consumers who think that e-commerce must maintain the same price as’Double 11’ for 365 days, it is a big mistake."

　　"In the past two years, ride-hailing companies have attracted a lot of users through various means such as discount coupons and vouchers. But it is unrealistic to think that this low price will last forever. Because in addition to discount coupons, they have their own price system." Fu Weigang said that low prices can be regarded as a marketing strategy, but should not be taken for granted. "After all, Didi and Uber are not obligated to subsidize consumers’ travel with losses forever."

　　Regarding the current competition landscape in the market, Su Kui judged that the threshold of the online car-hailing market seems to be relatively low, but it is actually relatively high, mainly due to the high capital threshold. Therefore, in the future, there may continue to be some regional platforms emerging in various places to compete and restrict the existing platforms. But at the national level, the online car-hailing market pattern will not change much in a considerable period of time.

　　So, will Didi’s merger with Uber China create a monopoly? Su Kui believes that due to the uniqueness of its service features (such as mobile phone hailing, electronic payment, etc.), the online car-hailing market is to a certain extent independent, but there is a certain substitution for traditional cruise taxis. "Whether it involves monopoly depends on two points: first, whether the cruise car can be improved and developed in the future, especially whether the policy can moderately loosen the restrictions on the cruise car, so as to form checks and balances on the platform; second, during peak periods or special weather, when supply and demand are unbalanced or when supply and demand information is asymmetric, due to insufficient effective competition, how to prevent the platform from abusing its market dominance."

　　Regarding the second point, Su Kui further stated that due to the particularly obvious tidal nature of the transportation market, abuse of market dominance is most likely to occur during peak periods and special weather. Relevant platform companies can promise the society that the dynamic price increase at peak times shall not exceed a certain multiple to protect consumer rights and interests.

　　Peng Chen, a member of the Shenzhen Municipal Committee of the Chinese People’s Political Consultative Conference, has been paying attention to the topic of transportation. She suggested that the government should pay close attention to whether there are signs of monopolization in online car-hailing and use the Antimonopoly Act to supervise in a timely manner. In addition, for online car-hailing to charge double fares during peak periods, Peng Chen suggested that the tax on the premium part should be collected separately from the normal fare. "The early rush hour of online car-hailing has exacerbated the congestion on urban roads. The government can use this part of the tax to subsidize urban public transportation."

　　(Lv Shaogang, Liu Zhiqiang, Shen Wenmin, Chen Yuzhu) (Chen Feixue participated in the collection and writing)

Notice of Hangzhou Municipal Bureau of Planning and Natural Resources on Printing and Distributing the Regulations on the Administration of High-precision Maps of Intelligent Connected Vehicles in Han

All relevant units, sub-bureaus, county (city) planning and natural resources bureaus:

In order to strengthen the management of high-precision maps, standardize the use of high-precision maps, promote the development of intelligent networked vehicles, and maintain the security of geographical information, our bureau has formulated the "Regulations on the Administration of High-precision Maps of Intelligent Networked Vehicles in Hangzhou", which are hereby issued. Please abide by them carefully.

Hangzhou Municipal Bureau of Planning and Natural Resources

October 23, 2023

(This article is published publicly.)

Hangzhou regulations on the management of high-precision maps for intelligent networked vehicles

In order to strengthen the management of high-precision maps, standardize the use of high-precision maps, promote the development of intelligent networked vehicles, and maintain geographical information security, these regulations are formulated in accordance with the relevant provisions of the Surveying and Mapping Law of the People’s Republic of China, the Map Management Regulations, the Ministry of Natural Resources Notice on Promoting the Development and Maintenance of Intelligent Networked Vehicles, and the Hangzhou Measures for the Administration of Intelligent Networked Vehicles Testing and Application, and in light of the actual situation of this city.

These Provisions apply to activities such as data collection, storage, transmission, processing, production and use of high-precision maps of intelligent networked vehicles (hereinafter referred to as high-precision maps) within the administrative area of this Municipality.

The term high-precision map as used in these regulations refers to an electronic map mainly used for assisting the driving of intelligent connected vehicles with high position accuracy.

High-precision maps mainly include maps of L4 and above autonomous driving systems (hereinafter referred to as high-precision maps) and maps of L3 and below autonomous driving systems (hereinafter referred to as high-precision maps).

III. The management of high-precision maps follows the principles of law and regulation, full-process monitoring, equal emphasis on management and service, and safety and control, and implements classification and grading management.

The Municipal Bureau of Planning and Natural Resources is responsible for the city’s high-precision map management.

Units engaged in the production of high-precision maps shall obtain corresponding surveying and mapping qualifications in accordance with the law, or entrust units with corresponding surveying and mapping qualifications to carry out corresponding surveying and mapping activities.

The data storage server for high-precision maps shall be located within the territory of the People’s Republic of China. High-precision map data shall be encrypted with domestic commercial passwords that meet security standards, and transmitted through network channels with security measures to ensure the security of geographic information data.

The high-precision map data to be transmitted overseas shall be subject to the approval procedures for external provision according to law.

The production of high-precision maps shall comply with the technical requirements of the Zhejiang provincial local standard "Intelligent Connected Vehicles, Road Basic Geographic Data Specification" (DB33/T 2391-2021), follow relevant regulations, and standardize the production and expression of data collection and map elements.

Eighth, high-precision maps shall be treated with state-recognized geographical information confidentiality technology.

Nine, before the high-precision map is publicly used or delivered for application, it shall be submitted to the Zhejiang Provincial Department of Natural Resources for map review through the Zhejiang Government Service Network (map approval) according to regulations, and the map review number shall be obtained according to law.

The Municipal Bureau of Planning and Natural Resources, through the Hangzhou Intelligent Connected Vehicle Data Application Safety Monitoring Platform, obtains relevant information on the use of high-precision maps in intelligent connected vehicle testing and application activities, and collaborates with relevant departments to organize and carry out pilot supervision and inspection of high-precision map applications in accordance with the law. Strengthen process supervision and on-site inspections, and promptly deal with and supervise rectification of discovered problems.

During the production and use of high-precision maps, any organization or individual that violates laws and regulations on surveying and mapping geographic information shall be dealt with in accordance with the law.

These regulations shall come into force on December 1, 2023.

Notice of Hangzhou Municipal Bureau of Planning and Natural Resources on Printing and Distributing the Regulations on the Administration of High-precision Maps of Intelligent Connected Vehicles in Hangzhou

Fan Bingbing ＂kicked away＂ Yang Mi fell in love with Feng Shaofeng, Huo Siyan made a deep V appearance


Group photo of the main creator of "Second Exposure"


"Fan Ye" is getting more and more stylish


Huo Siyan deep V debut

　　Movie Network News(Photo/Yang Nan, Text/Zhang Wei) On October 9, Fan Bingbing and director Li Yu’s third collaboration on the new film "Second Exposure" held a press conference in Beijing. In addition to these two golden partners, Feng Shaofeng, Huo Siyan, and Kong Wei were also present to help out. Fan Bingbing praised Feng Shaofeng for being very attractive and a public enemy of men, but Feng Shaofeng was a little nervous when he first met Fan Ye, claiming that he "couldn’t let go" when filming emotional dramas.


"Public Enemy of Men" Feng Shaofeng


Feng Shaofeng, Fan Bingbing


Look, there are our real-world friends over there

Feng Shaofeng exposed Fan Ye’s power on the set, and he was nervous about filming emotional scenes

　　Feng Shaofeng, who quickly became popular because of a travel drama "Palace", has already taken on a lot of movies, and his partner’s actress is not just Yang Mi. In the role of Overlord Xiang Yu, he plays with Liu Yifei, and when Feng Shaofeng sees Fan Bingbing, who has a strong aura, he is still taken aback. "I didn’t understand before, why should such a flowery girl be called Fan Ye? Later, when filming a scene, there was a crack in the middle of the reflector. If you don’t split it, you will wear it. Bingbing went up and’wow ‘and split it in half with her hands." Fan Bingbing explained that she was catching up at the time, and other methods were too troublesome, so she did it herself.

　　Talking about the impression just met, Feng Shaofeng said that he was very nervous, "At the beginning, I was not familiar with Bingbing, and the audition was an emotional play, so I couldn’t let it go. Fortunately, Bingbing kept chatting with me and brought me into the play, and now we have a tacit understanding." And Fan Bingbing praised Feng Shaofeng as "the enemy of men", "he is a very considerate boy, and he will think of everyone in the crew."



Huo Siyan


Sexy Kong Wei


Feng Shaofeng tells the interesting story of "Fan Ye" on the set


The creators had a great conversation

Huo Siyan was drunk at the scene and "competed" with Feng Shaofeng in Fan Bingbing’s play

　　Fan Bingbing and Li Yu collaborated on the previous film, which made Fan Ye take the title of after-the-film actress at the Tokyo International Film Festival. This time, Fan Bingbing said that she is no longer looking forward to the award, and she hopes that Feng Shaofeng can become the best actor with this film. Regarding "Double Exposure", Fan Bingbing said that the script is simply tailor-made for himself. "This is a role I have never played, and a Chinese film has never appeared. It is a very good thing to be able to play such a role as a Chinese actress. After reading the script at three in the morning, my back was sweaty, and I felt that everything this character said and did was describing myself."

　　The title of "Double Exposure" is only tentative. The film has been publicly solicited before, and there are several candidate names. Fan Bingbing chose "Danfeng Eye", but unfortunately it was not selected, and he was still a little unwilling. The film tells the story of a childhood sweetheart but distant lovers by declassifying two suspicious murders. On that day, the creators refused to reveal too much about the plot. Huo Siyan said that she and Fan Bingbing played girlfriends, but they were also enemies and friends. Both had complex emotional entanglements with Feng Shaofeng. The film’s producer, Fang Li, also made a cameo appearance, having an affair with Kong Wei in the play. In addition, Chen Chong and Yao Anlian also joined the film.


Fan Bingbing: I seem to have seen "Bajie"


I will answer this question


Director Li Yu

　　Fan Bingbing also revealed that Huo Siyan was drunk because of filming, "She drank too much that day, and she didn’t get up for three hours. If she wanted to start filming, she said she would give me a minute, and then she didn’t get up for an hour. In fact, we drank her, and I kept telling her to drink another sip, and she was really drunk." Huo Siyan was wearing a dark V dress and hat that day, which was very eye-catching.

Next page More wonderful pictures