China Securities Journal

　　Deconstructing the "impossible trinity" of the new tea industry: the logical paradox of short-term competition and long-term ism of enterprises such as Mixue Group

　　After Naixue’s tea landed on the Hong Kong Stock Exchange in December 2021, the new tea industry has recently stepped up its listing: Mixue Group, Guming and Chabaidao successively landed on the Hong Kong Stock Exchange in early 2025, while Bawang Chaji and Auntie Shanghai are respectively promoting the listing of US stocks and Hong Kong stocks.

　　Behind the intensive listing, the new tea companies have shown a scene of ice and fire in the capital market: Naixue’s tea, as the "first share of new tea", once surprised the market with a market value of nearly HK$ 34 billion, and now its share price has dropped to HK$ 0.94 (as of the close of April 8), which is about one twentieth of the issue price, with a market value of only HK$ 1.603 billion; On the first day of listing, the market value of Chabaidao has evaporated by about HK$ 7 billion, and the current share price has halved compared with the issue price. In sharp contrast, the IPO of Hong Kong stocks of Mixue Group triggered a subscription boom, and its market value quickly exceeded HK$ 150 billion after listing. Gu Ming’s share price doubled in about one month after listing.

　　According to industry insiders, there is a fundamental business paradox behind this difference in the new tea track-it seems difficult for enterprises such as Bawang Tea Ji, Mixue Group and Naixue Tea to achieve the triple goals of scale expansion, cost control and brand tonality at the same time. This "impossible trinity" is becoming a dead knot that restricts the development of the new tea industry.

　　Large funds to stabilize the market, the turnover of many broad-based ETFs reached a new high.

　　Since April 7, a number of state-owned institutions have voiced their increasing holdings of ETFs. From the perspective of turnover and capital flow, the signs of jiacang are mainly reflected in mainstream broad-based ETFs.

　　On April 8, A-shares rebounded at the opening. Although it fluctuated in intraday trading, it rose in late trading, and the three major stock indexes finally closed up. The core leading broad-based ETF was active. On April 7th and 8th, the turnover of large-cap broad-base ETFs such as Shanghai and Shenzhen 300ETF continued to dominate, and small and medium-sized broad-base ETFs such as CSI 500 and CSI 1000 rose suddenly, and the turnover of many products set a new one-day historical record.

　　Fund custody will "trust and manage" the welcome plan, which is widely expected.

　　Recently, a draft for comments on the management measures of fund custody business has been circulated in the industry. The opinion draft has made new adjustments to the fund custody norms from many aspects, such as improving the entry threshold, strengthening risk isolation, compacting the custodian’s responsibility and improving the exit mechanism. Among them, avoiding "trust without care" and "trust without management", clarifying the application of "one trust to the end" for private equity investment funds and related custody requirements have attracted the attention of the industry.

　　China securities journal reporter learned in the interview and investigation that some private equity institutions had risk events before, and the standardized development of fund custody business was gradually paid attention to, and many custodians had spontaneously made risk control adjustments to varying degrees. For example, from the previous request to provide a first-and second-level net worth valuation table, to see a four-level valuation table that penetrates more into the underlying assets. Some fund custodians said that on the whole, the new draft for comments will help to further systematically regulate the custody of funds, especially private equity funds.

　　It is difficult to repay the loan in advance. Some banks raise the threshold.

　　"Last month, I found that the number of prepayments on ICBC’s mortgage online was up to 5 times a year. I checked it again a few days ago, only twice, and I can only pay back 200,000 yuan at most. " Ms. Zhang, a borrower who lives in Yangpu District, Shanghai, told reporters on April 8.

　　Recently, many mortgage borrowers have reported that some banks have tightened the amount and frequency of online mortgage prepayment, and the repayment appointment time has also been extended to some extent. Some banks responded that the business volume of repaying loans in advance has indeed increased recently, and banks have made timely adjustments to related businesses according to the latest situation.

　　According to industry analysts, when the scale of early repayment exceeds expectations, banks usually control the pace and scale of mortgage business by adjusting the policy of early repayment according to their own capital arrangements, operating conditions and risk preferences. At the same time, banks should also pay attention to the legal compliance of policy adjustment, provide convenience for customers to repay loans in advance, and optimize their financial service experience.

　　Shanghai Securities News

　　The "good news" of listed companies in the first quarter frequently reflects the warmth of China’s economic fundamentals.

　　What are the economic fundamentals of China in 2025? The first quarterly report and the first quarter operating data of listed companies that are intensively released reflect a deep warmth.

　　The data shows that as of 21: 00 on April 8, a total of 107 A-share listed companies disclosed the first quarter 2025 performance forecast. Among them, 59 companies increased in advance, 29 companies increased slightly, 11 companies turned losses and 3 companies continued to make profits.

　　At the same time, a number of companies also handed over eye-catching first-quarter production and sales "transcripts." From an industry perspective, listed companies in non-ferrous metals, basic chemicals, national defense and military industry, transportation and other industries have outstanding performance. The reporter found out that the growth of sales data, the rising price of related products and the fullness of hand-held orders have become the motivation for the great increase in performance of many companies.

　　Mu Yuan shares went out to sea for the first time to raise pigs and animal husbandry in Vietnam, setting off a new round of "going to Southeast Asia"

　　"There are two main things to go to Hanoi this time: one is to exchange views on pig raising in buildings of local concern; The second is to go to the local agriculture and forestry university in Vietnam to recruit talents for the company’s business. " () Liu Bo, general manager of overseas development, said. A few days ago, when Liu Bo spoke to a reporter from shanghai securities news, he was waiting at Ho Chi Minh City Airport in Vietnam. About 30 minutes later, he will take a flight to Hanoi, the capital of Vietnam.

　　The recruitment of international management students in Mu Yuan is progressing simultaneously. According to the plan, Mu Yuan will recruit a group of Vietnamese employees, and after training in China, they will be assigned to Vietnam for development. The work includes farming techniques in Mu Yuan and standardized operation procedures.

　　The reporter noted that not only Mu Yuan, but also New Hope, () and Yangxiang Group have chosen to go deep into Vietnam, and the pace of China’s farming and animal husbandry enterprises "going to South Asia" has obviously accelerated. According to the analysis of insiders, at present, China’s farming and animal husbandry enterprises’ going out to sea is essentially to transform the technology, management experience and cost control ability accumulated in China into the competitive advantage in the international market. This internationalization strategy of "exchanging technology for market" not only reflects the new trend of China’s farming and animal husbandry development, but also promotes China’s farming and animal husbandry to occupy a more favorable position in the global value chain.

　　Securities firms strengthen the risk monitoring of financial integration. At present, the overall risk of financial integration is controllable.

　　Despite the global trade conflict caused by tariffs, the risk aversion of China’s financial market increased significantly on April 7, but from the data of the previous day’s financial integration disclosed on April 8, the market leveraged funds remained stable, and the overall risk of financial integration was under control.

　　As of April 7, the balance between Shanghai, Shenzhen and North China was 1,854.074 billion yuan, a decrease of 49.032 billion yuan or 2.58% compared with the previous trading day. Among them, the financing balance was 1,843.994 billion yuan, a decrease of 47.964 billion yuan or 2.54% compared with the previous day. From the perspective of position preference, there is a strong sentiment of capital defense. Only six sectors, including banks, shipping ports, agriculture, animal husbandry, feed and fishery, coal, gas and airport, have received net capital inflows, but financiers are generally cautious in adding positions. Except for banks, the net inflows of other sectors have not exceeded 40 million yuan.

　　The brokers interviewed believe that although the financing balance has declined, the overall controllable situation of the risks of the two financial institutions has not changed, and the stability of leveraged funds has fully demonstrated the confidence of the market.

　　China version of stabilization fund leads the way to stabilize the stock market and blows the assembly number.

　　Stabilize the stock market, all parties are acting.

　　Within 48 hours, large funds from large institutions such as Central Huijin Company frequently shot, and the People’s Bank of China and the General Administration of Financial Supervision successively voiced their voices, and the "China Edition Stabilization Fund" was born; The State Council State-owned Assets Supervision and Administration Commission, many central enterprises and state-owned assets operation platforms are constantly moving, and central state-owned assets join hands to enter the market; A large number of listed companies have announced plans to increase their holdings or buy back, and brokers and fund companies have been buying from themselves … A series of measures have released a strong signal to stabilize the stock market and made concerted efforts to boost the capital market.

　　Securities Times

　　It is the right time to raise the equity ratio, and insurance companies should be real "patient capital"

　　Yesterday, the State Financial Supervision and Administration issued the Notice on Adjusting the Supervision Proportion of Equity Assets of Insurance Funds (hereinafter referred to as the Notice). In this regard, many head insurance institutions believe that this will further open up the investment space of equity assets of insurance funds. A number of insurance institutions said that they are firmly optimistic about the development prospects of China’s economy and China’s capital market, and will give full play to the long-term advantages of insurance funds and make real "patient capital".

　　Listed companies calmly respond to tariff shocks when they see the move.

　　The lasting vitality of cross-border trade comes from the endogenous motivation of the participants to continuously create value. Although the so-called "reciprocal tariff" promoted by the US government has brought pressure to all trading parties, Chinese and American enterprises in it have not waited and watched.

　　The Securities Times reporter learned that recently, various listed companies have actively communicated with American customers and tried to find pragmatic solutions. It is this initiative among market players that has injected the firm confidence that "the sky will not fall" into China’s economy.

　　Further loosening of insurance funds into the market is expected to achieve win-win results.

　　Recently, the State Financial Supervision and Administration Bureau issued the Notice on Relevant Matters Concerning Adjusting the Supervision Ratio of Equity Assets of Insurance Funds, optimized the supervision policy of insurance funds ratio, and increased support for the capital market and the real economy.

　　The "Notice" mainly includes three measures: First, raise the upper limit of the allocation ratio of equity assets. Simplify gear standards and increase the proportion of equity assets corresponding to the solvency adequacy ratio of some gears by 5%. The second is to increase the concentration ratio of investment venture capital funds. The third is to relax the regulatory requirements for the tax extension pension ratio.

　　The issuance of the Notice is an important measure to optimize the asset allocation of insurance funds, which is conducive to promoting the insurance industry to do the "five big articles" in finance, giving full play to the advantages of long-term funds and patient capital, and will achieve win-win results from multiple levels.

　　Agricultural Power Planning Releases Strong Growth of Seed Industry Plate

　　Recently, the Central Committee of the Communist Party of China and the State Council issued the Plan for Accelerating the Construction of an Agricultural Power (2024-2035) (hereinafter referred to as the Plan), proposing that by 2027, the construction of an agricultural power will make significant progress; By 2035, the construction of a strong agricultural country has achieved remarkable results. The Plan puts forward new goals and requirements for consolidating the foundation of food security in all directions, promoting the innovation of agricultural science and technology equipment in all fields, improving the modern agricultural management system in all links, promoting the upgrading of agricultural industrial system in all chains, and cultivating new advantages in agricultural international competition.

　　On April 4th, the State Council Customs Tariff Commission issued a notice on imposing tariffs on imported goods originating in the United States, including a cumulative 49% tariff on 29 kinds of goods originating in the United States, such as chicken, wheat, corn and cotton. A total of 711 categories of goods such as sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products are subject to a cumulative tariff of 44%.

　　Securities daily

　　The performance of 41 A-share food and beverage companies last year showed the resilience of the industry.

　　As consumption heats up, the food and beverage industry, which is already very resilient in performance, will usher in good results again.

　　As of April 8, a total of 41 food and beverage listed companies in Shanghai and Shenzhen stock markets released their 2024 performance reports. According to the "Securities Daily" reporter, the total revenue and net profit of 41 companies achieved year-on-year growth last year. It is particularly worth mentioning that () Liquor Co., Ltd. (hereinafter referred to as "Kweichow Moutai"), as the "first brother of liquor", has shown super profitability despite the deep adjustment period of the industry. Last year, a company’s net profit accounted for more than 70% of the total net profit of 41 companies.

　　Dividend is one of the most direct and effective ways for listed companies to return investors. The food and beverage industry has always been a "hot field" with high dividends. Among the above 41 companies, there are as many as 22 companies whose annual cash dividend ratio exceeds 60%.

　　The top-level design is constantly improving, and the low-altitude economy is "ready to go"

　　On April 7, in order to ensure the high-quality development of general aviation and low-altitude economy, the Central Air Traffic Control Commission issued special measures, focusing on improving the low-altitude management system, optimizing the allocation of airspace resources, improving the quality and efficiency of operational services, consolidating basic support capabilities, and strengthening the management of air use according to law. Deploy and strengthen low-altitude air traffic control work to the national air traffic control system.

　　Lu Dingliang, a lawyer of Beijing Jingshi Law Firm, told the Securities Daily reporter that the deployment of the Central Air Traffic Control Committee marks that China’s low-altitude economy has entered a stage of systematic construction. "Improving the low-altitude management system" and "optimizing the allocation of airspace resources" are aimed at solving the core problems that have long restricted the development of low-altitude economy. Strengthening low-altitude air traffic control this time is conducive to further releasing airspace resources, promoting a high-level dynamic balance between airspace supply and demand through flexible airspace management modes (such as dynamic release and classification), and providing more space for emerging navigation applications such as drones and eVTOL.

　　Many small and medium-sized banks cut deposit interest rates, and large deposit certificates were cut by 40 basis points.

　　In April, the adjustment of bank deposit interest rate continued. According to the incomplete statistics of the Securities Daily reporter, local small and medium-sized banks and private banks such as Liaoshen Bank, Zhongbang Bank and Xin ‘an Bank have intensively started to reduce the interest rates of deposits and certificates of deposit, and some banks have reduced the interest rates of five-year certificates of deposit by 40 basis points.

　　Respondents said that this interest rate adjustment is an important measure for banks to actively optimize their debt structure. High-interest deposits in small and medium-sized banks account for a relatively high proportion. Differential interest rate adjustment can effectively reduce the cost at the debt end and create conditions for stabilizing profit margins. It is worth noting that although the market interest rate continues to decline, the trend of resident deposits’ regularization is intensifying. Judging from the data of A-share listed banks that have disclosed the 2024 annual report, the deposit regularization rate continues to rise, indicating that the pressure on bank debt management has intensified.

　　Silver-haired economy develops vigorously, and listed companies seize market opportunities

　　Recently, the Guangzhou Municipal People’s Government issued the "Several Measures to Promote the High-quality Development of Service Consumption in Guangzhou", which proposed to expand the supply of old-age care to meet the needs of people’s livelihood. Taking the implementation of the "Ten Articles of Silver Hair Economy" as the starting point, we will cultivate the main business entities of silver hair economy, vigorously carry out the activities of "Silver Age Action" and "Silver Hair Market", and promote the innovative application of old-age service scenarios. In fact, in recent years, many measures have been introduced to increase the development of silver-haired economy.

　　Yuan Shuai, deputy secretary-general of Zhongguancun Internet of Things Industry Alliance, told the Securities Daily that under the influence of multiple factors such as the continuous promotion of policies and the growth of domestic demand for aged care services, the silver-haired economic market has played an important role in promoting social and economic development.

　　According to the securities research report, China has entered the stage of silver-haired economy development, and the industrial demand is rich and diverse, covering ten fields of "clothing, food, housing, transportation, money, education, music, medicine, nutrition and health". These industrial directions meet the consumption needs of different elderly groups, which is of great significance to promoting the development of silver-haired economy and tapping consumption potential, and is expected to help silver-haired economy become a new pillar of high-quality economic development in China.

Seeing that there is one week left before the Spring Festival, the predictions of the Spring Festival stalls are gradually released.

No matter the predictions made by Cat’s Eye or other professional film critics, YOLO, a film directed and starring Jia Ling, topped the list, with a prediction of almost 3.5 billion, and some even gave higher expectations, thinking that it could reach 4 billion.

Surprisingly, at the bottom of these films, Andy Lau and Ning Hao co-wrote The Movie Emperor. Although Andy Lau, the king of heaven, has laid the foundation, it shows the potential that it may become a dark horse.

The overall box office forecast is on the high side, and both inside and outside the industry are optimistic.

First of all, look at the box office forecast given by the most professional lighthouse professional edition. There are more than 3.2 billion YOLO at the top of the list; Followed by the comedy "Article 20" brought by Zhang Yimou Wei, the forecast reached 2.2 billion; Further down is Han Han and Shen Teng’s Pegasus 2, which can also break through the 2 billion mark. As for Bears, which is called the goalkeeper of the Spring Festival every year, it is predicted that the box office will maintain a stable level, with 1.6 billion; Maybe even 1 billion won’t be broken, and the bottom two are The Movie Emperor and Viva La Vida starring Peng Yuchang.

Among the predictions given by film critics, YOLO’s box office can reach 4.1 billion, followed by Han Han’s Pegasus 2, with nearly 3 billion, while Andy Lau’s The Movie Emperor was at the bottom of this prediction, with just over 500 million.

However, in any case, on the whole, it seems that everyone has full confidence in this Spring Festival file and has given a high forecast for this year’s box office performance. This is indeed a bold thing. Traveling and going to the cinema during the Spring Festival can’t escape the situation of price increase. Besides, during the Spring Festival, it is an annual time for all Chinese to spend money even if it is expensive, which has already doomed the movie box office to rise accordingly.

In addition, most of the movies released this year are family fun. For example, last year, everyone felt that the threshold of Wandering Earth 2 was a little high. No matter which movie it is this year, the whole family can sit quietly in the cinema and laugh.

However, will the movie’s final box office really go as predicted? In fact, it’s really hard to say, because it seems that there is a dark horse in the Spring Festival every year.

I’m afraid the fierce marketing of the first echelon will lead to self-loathing.

According to the predictions of major media critics, three films, Article 20, YOLO and Pegasus 2, have been listed as the first echelon of this year’s Spring Festival, which means that these three films will take 60% or even more than 70% of the box office this year.

To win so many box offices, the first thing to ensure is that these films have an absolute advantage. Nowadays, there is a popular competition for arranging films. These filmmakers directly sent a notice to the cinema without saying anything. The choice that the cinema can make is to agree or disagree. In this regard, in order to ensure fair competition to a certain extent during the Spring Festival this year, the China Film Association also issued a special notice to put an end to malicious competition.

However, the cinema also wants to make more money after spending money on the most advertised films, so we see that Jia Ling lost 100 pounds for the film and got more than 25% of the film.

The words "Jia Ling who lost 100 pounds" have recently been bored by netizens. Since Jia Ling shouted this sentence, everyone wants to know what Jia Ling looks like now. Health bloggers and fitness bloggers from all walks of life have analyzed how Jia Ling lost a person in one year.

Jia Ling is becoming more and more sophisticated in marketing means, and you can see more and more marketing in Zhang Xiaofei and Jia Ling with the naked eye. No matter what kind of entries, you can rub them hard.

There is Zhang Yimou’s "Article 20", which is not a serious and good work that has been polished for many years. To put it bluntly, it is a movie that rubs invisible traffic, and there is a lot of marketing. Just Zhao Liying’s sign language doesn’t know how hard fans are promoting it.

However, I don’t know if these films have ever thought about it. Sometimes netizens are just anti-bones, and there is too much marketing, which may also play a role in anti-bite. Everyone wants us to be tap water, to announce and like a movie on our own initiative. Or, if the marketing method is a little smarter, it will wash everyone’s brains invisibly and make people unaware.

Because once the marketing goes too far, everyone will finally go in and have a look. If the goods are not in the right version, the word-of-mouth will be even worse. Now no one is a fool, and everyone is waiting for the first wave of word-of-mouth. The long-term effect is more important if a movie really wants to create a miracle at the box office. Moreover, every Spring Festival, it seems that there is always a dark horse deus ex.

Every year, there are dark horses at the bottom, which may counterattack.

The Spring Festival stalls are mysterious in this place. Every year, the movie that everyone is most optimistic about often won’t win the top spot. Instead, it is the one that seems to be not the most top-notch and will be countered.

Jia Ling used to be the beneficiary of this event. Detective Chinatown 3, which delayed the release for one year, and Chen Sicheng made full efforts to promote the film for more than two years, and lost to Hi, Mom, Jia Ling. Another year, it was a similar situation. In the final chapter of Ning Hao Crazy Series, Bo Huang and Shen Teng were two big comedies, but they didn’t lose to The Wandering Earth, who was not optimistic.

This matter, almost all quickly formed an iron law, and this year’s Spring Festival file will not be guaranteed, and it will follow this law. At the bottom of the current "The Movie Emperor", it finally counterattacked by word of mouth.

    Reporter Liu Huiyu Wu Danlu

    In another year’s earnings season, there are many highlights in the "transcripts" of Shanghai pharmaceutical companies this year. Before that, Fuhong Hanlin and Hutchison turned losses into profits, and after that, the losses of Junshi Bio narrowed, and the capital flow of pharmaceutical companies improved greatly.

    Behind the gratifying performance, the increase in profits of pharmaceutical companies has its commonality. Looking closely at the financial report, we can find that many enterprises accelerated the process of going to sea in 2023, not only won the drug certification in Europe and America, but also accelerated the marketing layout in emerging markets such as Southeast Asia.

    This is also not just the choice of Shanghai pharmaceutical companies. PricewaterhouseCoopers 2015— The report Review and Prospect of China Enterprises’ Investment in Medical Industry in Southeast Asia in 2023 shows that there were 13 direct investment events of China enterprises in the medical market in Southeast Asia last year, double the previous year. After a round of "certification fever in Europe and America", the domestic biomedical industry is putting on a new version of "Going to South Asia", and gradually expanding the brand influence of China pharmaceutical companies in emerging countries by authorizing them to go to sea and building their own channels, so as to truly realize the transformation from "OEM" to "multinational pharmaceutical companies".

    "Lower Nanyang" aims at considerable potential demand

    Since last year, many domestic head pharmaceutical companies have stormed the European and American drug certification, and even the phenomenon of PD-1 innovative drugs landing in the European and American markets has appeared. The main reason is that the domestic innovative drug track is too crowded and the development space is limited. Pharmaceutical companies can quickly realize the commercialization of their products by "going out to sea".

    With the passage of time, after completing the drug certification in Europe and America, domestic pharmaceutical companies gradually began to deploy a number of emerging markets around the world, and Southeast Asia is one of them.

    In this wave, many Shanghai pharmaceutical companies are taking action. Just in early March this year, Fuhong Hanlin announced that Hanquyou was approved for listing in Thailand and the Philippines. This product was the first Sino-European double-batch monoclonal antibody drug independently developed by China, and then it was successfully approved for listing in 40 countries and regions such as Singapore, Cambodia, Argentina and Saudi Arabia.

    In addition, Shanghai’s largest pharmaceutical company, Shanghai Pharmaceutical Group, also has many layouts in Southeast Asia. On March 29th, Shanghai Pharmaceutical Co., Ltd. stated in its 2023 annual report that at present, Shanghai Pharmaceutical Co., Ltd. has completed the listing of its own products, completed the introduction of related product lines and achieved sales revenue; Shanghai Pharmaceutical Singapore Company completed the introduction of two products to achieve stable operation; In the Philippine market, access to medicines has also made a breakthrough, and some products are planned to be listed in the near future.

    Why is the Southeast Asian market so popular? China enterprises have advantages in geography and culture, but more importantly, the potential demand in the Southeast Asian market is considerable.

    Southeast Asia has a dense population and a rapid economic growth, and there are still many unmet medical needs in the regional market. Although the total volume of the pharmaceutical market in Southeast Asia is far less than that in Europe and America, the data shows that from 2022 to — In 2026, the average five-year compound growth rate of the pharmaceutical market in emerging market countries is 5%— 8%, the five-year compound growth rate of developed market countries is only 2%— 5%。 "If we turn a blind eye to it because its current market is small, we will lose this market because of its high growth in the next three or five years." Li Ning, vice chairman of Junshi Bio, said.

    In fierce competition, opportunities are still innovative.

    Shanghai pharmaceutical companies "go to Southeast Asia" to find opportunities, but they actually face many challenges.

    There is still a big gap between the comprehensive strength of biomedical enterprises in China and the international first-class level. Even in the Southeast Asian market dominated by developing countries, it is not easy for China pharmaceutical companies to gain market share. According to the analysis of PricewaterhouseCoopers, the United States and Japan have always been the main participants in medical investment in the Southeast Asian market. In the field of generic drugs, the price advantages of Indian and Pakistani products are also very obvious. These countries are more influential in the Southeast Asian market than China.

    In order to gain market share from fierce competition, the opportunities of domestic pharmaceutical companies are still innovative. By improving technical strength and manufacturing capacity, domestic pharmaceutical companies have more advantages in "first imitation drugs" and can get rid of the homogenization competition of generic drugs to a certain extent. Yan Jun, general manager of Shanghai Pharmaceutical International Business Department, said that in many emerging markets, the competition for "the first imitation drug" is not so fierce. When the patent protection period of the original drug expires, the market will need some time to precipitate before it can produce imitation products, which gives domestic pharmaceutical companies a chance. "With the gradual expansion of investment in the biomedical industry and the improvement of technical strength, it is now possible to achieve a faster market response." Yan Jun introduced that many domestic pharmaceutical companies are now doing "first imitation drugs" in developed markets, and then quickly promoted to Southeast Asia, the Middle East, North Africa and other markets to better achieve market entry.

    In addition to high-end generic drugs, more and more domestic pharmaceutical companies are beginning to consider expanding the innovative drug market in Southeast Asia. For example, Junshi Bio plans to export its trepril monoclonal antibody exported to the United States and a number of clinical candidate products to Southeast Asia. "The innovation ability of domestic pharmaceutical companies is stronger than that of Indian or Southeast Asian companies, which is our advantage." Li Ning said that patented products such as bio-similar drugs or innovative drugs have greater market space in Southeast Asia. At the same time, from the commercial point of view, the marginal profit of innovative drugs is also higher and the investment effect is better. This is why many domestic pharmaceutical companies choose to go to Europe and the United States to complete high-standard registration first, and then go public in Southeast Asia and other regions.

    Upstream of the downstream value chain of the industrial chain

    The smell of wine is afraid of the depth of the alley. How to make China’s good drugs really make an impact?

    At present, there are two mainstream modes of going to sea, borrowing a boat and building a boat. "Ship" is the marketing network. In layman’s terms, the former authorizes other companies to conduct commercial marketing overseas, while the latter relies on its own marketing network to conduct overseas direct marketing.

    Junshi Pharmaceutical is trying both strategies. In Singapore, due to the similar cultural environment and promotion environment, Junshi Bio plans to carry out independent commercial operation and use the brand registered in the United States for direct sales. In nine other countries in Southeast Asia, cooperative sales are chosen. In March last year, Junshi Bio and Kanglian Dashengji held a signing ceremony in Singapore. The two sides announced that they will set up a joint venture company to jointly develop and commercialize PD-1 trepril monoclonal antibody in nine countries in Southeast Asia.

    Borrowing a boat to go to sea is also the way that most China pharmaceutical companies will choose to go to sea. Compared with consumer goods, drug export has its particularity, and non-uniform standards are the core difficulty, which is more obvious in the fragmented Southeast Asian market.

    In more than ten years’ practice of borrowing ships from Shanghai Pharmaceutical Group, Yan Jun realized that if it is only a simple production enterprise, it is impossible to directly perceive the market and it is difficult to establish brand value. Even if high-quality products are developed, only the initial commercial rights can be obtained.

    In 2022, Shanghai Pharmaceutical Thailand Co., Ltd. and Shanghai Pharmaceutical Singapore Joint Venture Company were formally established, and in 2023, Shanghai Pharmaceutical United Arab Emirates Company was established. These three overseas companies will unite with the local entity companies with the original layout in Southeast Asia and Africa, and rely on the Shanghai pharmaceutical product pipeline to lay out the local marketing network and expand the company’s overseas business.

    "Now, we hope to go downstream of the industrial chain and upstream of the value chain." Yan Jun said that Shanghai Pharmaceutical Group is actively exploring clinical trials and registration in overseas markets, and hopes to become the chain owner of the biomedical industry and bring more and better China pharmaceutical products to a wider market. In the next three years, it is estimated that more than 50 products from other China pharmaceutical companies will be listed in the Southeast Asian market through drug distribution channels.

　　Shen Xiaoming, male, born in May 1963, Han nationality, born in Shaoxing, Zhejiang Province, holds a postgraduate degree and a doctor’s degree in medicine. He joined the work in July 1987 and joined the Communist Party of China (CPC) in August 1984.

　　1979.09— September 1984, majoring in pediatrics, Department of Pediatrics, Wenzhou Medical College

　　1984.09— 1987.07 Postgraduates in Pediatrics Department of Wenzhou Medical College studied.

　　1987.07— 1987.11 Resident, First Affiliated Hospital of Zhejiang Medical University

　　1987.11— 1988.02 Teaching assistant, Department of Pediatrics, Wenzhou Medical College

　　1988.02— 1991.02 Ph.D. students majoring in child health care in Pediatrics Department of Shanghai Second Medical University studied.

　　1991.02— May 1996 Attending physician, associate researcher and associate professor, Institute of Pediatric Medicine, Xinhua Hospital, Shanghai Second Medical University (during the period: March 1994? — 1996.05 Postdoctoral fellow, Einstein College of Medicine, new york, USA)

　　1996.05— 1998.07 Researcher, Professor, Vice President and Executive Vice President of Shanghai Children’s Medical Center

　　1998.07— 2003.03 Vice President and Dean of Xinhua Hospital affiliated to Shanghai Second Medical University and Dean of Shanghai Children’s Medical Center.

　　2003.03— 2005.07 President of Shanghai Second Medical University

　　2005.07— 2006.02 Executive Vice President of Shanghai Jiaotong University and Dean of Medical College

　　2006.02— 2006.04 Deputy Secretary of the Party Committee of Shanghai Science and Education Work, Party Secretary of the Municipal Education Commission, and Executive Vice President of Shanghai Jiaotong University

　　2006.04— 2008.01 Deputy Secretary of the Party Committee of Shanghai Science and Education Work and Director of the Municipal Education Commission

　　2008.01— 2013.05 Deputy Mayor of Shanghai and Director of Shanghai Zhangjiang High-tech Development Zone Management Committee

　　2013.05— 2013.06 Deputy Mayor of Shanghai and Secretary of Pudong New Area Party Committee

　　2013.06— 2015.03 Member of the Standing Committee of Shanghai Municipal Committee and Secretary of Pudong New Area Party Committee

　　2015.03— 2016.09 Standing Committee of Shanghai Municipal Committee, Secretary of Pudong New Area Party Committee, Director of China (Shanghai) Pilot Free Trade Zone Management Committee

　　2016.09— 2017.03 Deputy Minister of Education and Deputy Secretary of the Party Group

　　2017.03— 2017.04 Deputy Secretary of Hainan Provincial Committee

　　2017.04— 2017.05 Deputy Secretary of Hainan Provincial Party Committee, Acting Governor of the Provincial Government and Party Secretary

　　2017.05 Deputy Secretary of Hainan Provincial Party Committee, Governor of Provincial Government and Party Secretary

　　2020.12 Secretary of Hainan Provincial Party Committee

　　Member of the 19th Central Committee and representative of the 19th Party Congress.

　　2021.01 Director of the Standing Committee of Hainan Provincial People’s Congress

　　BEIJING, Beijing, April 7 (Lv Chunrong) Recently, the news that the fourth-grade Chinese text "Dignity" of the People’s Education Edition was accused of "counterfeiting" attracted attention. On the evening of the 7th, People’s Education Publishing House responded that the publishing house was organizing relevant experts to judge this. In addition, this article was not selected in the new version of Chinese textbooks that started to be used in September 2016. Regarding the voice of doubt, the publishing house said that it will take it seriously and deal with it in line with the principle of listening with an open mind and correcting mistakes.

　　A few days ago, it was reported by the media that Wu Zhaohua, a Chinese teacher in high school affiliated to renmin university of china, publicly questioned that the article Dignity in the second volume of Chinese for the fourth grade published by People’s Education Press (hereinafter referred to as People’s Education Press) was suspected of being "fake".

　　According to the report, the article "Dignity" is to the effect that the young refugees who wandered to Southern California insisted on exchanging their labor for food. Uncle Jackson, the mayor, was very appreciative and betrothed his daughter to him, predicting that he would succeed because he had dignity. This refugee is the oil magnate Hammer.

　　After consulting the relevant materials, Wu Zhaohua questioned, "When did such an industrialist turn pale and scrawny and flee for food? One of his first two wives was a Russian baroness and the other was from New Jersey. Which one was given to him by Uncle Jackson, the mayor of Southern California? "

　　In response to online comments, the People’s Education Society responded on the evening of the 7th that, after verification, this article was first published in 1998 by Li Xuefeng, at the beginning of the world, and was later reprinted by many publications such as Popular Science and Technology and Yilin, and was selected as the Chinese textbook of the People’s Education Edition in 2004. In response to online opinions, they are organizing relevant experts to conduct research and judgment, and will make corresponding treatment according to expert opinions.

　　In response, the publishing house said that the central government attaches great importance to the construction of textbooks for primary and secondary schools. Since 2012, the Ministry of Education has organized national first-class experts to newly compile and write Chinese textbooks for compulsory education, but this article has not been selected. The new version of Chinese textbooks has been used in September 2016, and the original Chinese textbooks will be replaced one after another, while the old version will no longer be used.

　　According to the publishing house, in the process of compiling the new edition of teaching materials, the writing team strictly grasped the standards for selecting articles, listened to opinions extensively, and sent the teaching materials to experts in relevant fields for strict examination and control. In the new textbook, some controversial articles will no longer be selected.

　　At the beginning of March this year, some texts in the primary school Chinese textbook published by People’s Education Press, such as "Edison Save Mom", also caused some teachers and parents’ disputes, and the authenticity of the articles was questioned by netizens. In this regard, the People’s Education Society once responded that controversial articles such as "Edison Save Mom" were not selected in the new textbook.

　　In today’s response, the publishing house further stated, "We will seriously treat and deal with all kinds of questions raised by all sectors of society about the textbooks of People’s Education Society on the principle of listening with an open mind and correcting mistakes. Thank you for your concern and support for our work. " (End)

　 　　　autumn fruits

　　"Taking advantage of the summer vacation, secretly becoming beautiful", "Double eyelids successfully landed and made a stunning appearance at school" … … During the summer vacation, some high school graduates and college students will include medical beauty plastic surgery projects such as double eyelid cutting, water-light needle and photon rejuvenation in their summer plans. Relevant departments reminded that medical beauty is different from general disease diagnosis and treatment, with great risks and uncertainties, and it is also easy to cause medical disputes. Therefore, consumers who need medical and aesthetic services need to improve their cognitive ability and make rational and moderate consumption.

　　The summer plastic surgery craze for minors has been going on for many years, and there are related reports and risk reminders every year. Different from previous years, this year’s media reports have a relatively novel perspective — — The risk of plastic surgery for minors is expounded by plastic surgeons persuading minors who ask for plastic surgery in hospitals. For example, a plastic surgeon in a 3A hospital in Shenzhen said that during this summer vacation, he advised three or four minors every day on average.

　　Doctors dissuade minors, first of all because minors are at great risk of plastic surgery. Minors are not yet mature. After the filler is implanted into the body, the body will develop again, and there will be phenomena such as improper size. For example, rhinoplasty is just right now, and after a few years, the child’s nasal cavity will grow and the nose will become crooked. Minors are also immature and lack judgment. If they follow the trend of plastic surgery, their ideas will change when they grow up. For example, if they cut their double eyelids now, they may think that single eyelids are more suitable for them in the future, and there will be no chance to repent. Surgical anesthesia, vascular embolism and infection will bring unbearable risks to minors. The aesthetics and values of minors will also be affected by the younger age of plastic surgery.

　　Plastic surgery is profitable, and it is common to charge tens of thousands of yuan for an operation. For most medical and aesthetic institutions and plastic surgeons, how can the opportunity to make money delivered to the door be shirked? It’s not common for doctors to dissuade them. On the contrary, many doctors not only don’t dissuade them but also encourage them. For example, the advertisements of physical beauty institutions only fail to mention the risks, misleading the consultants on the spot, posting grass stickers on the Internet, and draining medical beauty anchors in the live broadcast room, all of which are deliberately creating appearance anxiety and inducing beauty seekers, including minors, to do unnecessary medical beauty plastic surgery.

　　The further risk is that beauty loans, recruitment fraud, etc., once combined with illegal cosmetic surgery, will cause secondary or even tertiary harm to minors in many aspects, such as body and economy. Moreover, these frauds are mainly aimed at students who have just left campus, are short of money, and are planning to find a job. If inexperienced students are not alert to this, they will easily fall into the trap carefully designed by scammers.

　　The doctor’s initiative to persuade is commendable, but this "firewall" is difficult to play its role because it is rare. In particular, we should see that under the doctor’s persuasion, the risk of plastic surgery for minors can not be overcome, and the excessive plastic surgery or plastic surgery after deliberate misleading will significantly increase the risk again, and fraudulent acts such as "beauty loan" will be mixed in, and multiple risks will be formed. superposition.

　　The chaos of plastic surgery is worthy of vigilance, and the greater and more risks of plastic surgery for minors are particularly worthy of vigilance; Supervision should focus on minor plastic surgery, and minors and their parents should have a clear understanding. It’s cheat people’s best way to get rid of plastic surgery before it’s too late. You don’t have to worry that plastic surgery will "lose at the starting line" if it’s too late. What’s more, you should worry that premature plastic surgery may "ruin the starting line" for children.

Mengmeng labor resources social security bureau, Manzhouli City, Erenhot City Human Resources and Social Security Bureau:

In order to standardize the procedures for identifying people with employment difficultiesNow, the "measures" for the identification of people with employment difficulties in Inner Mongolia Autonomous Region are issued to you, please implement them carefully.

　

Measures for the Identification of Persons with Employment Difficulties in Inner Mongolia Autonomous Region

　

In order to further standardize the procedures for identifying people with employment difficulties, improve the employment assistance system, according to the People’s Republic of China (PRC) Employment Promotion Law, the Inner Mongolia Autonomous Region Employment Promotion Regulations, the State Council’s Opinions on Doing a Good Job in Promoting Employment in the Current and Future Period (Guo Fa [2018] No.39) and the Inner Mongolia Autonomous Region People’s Government’s Implementation Opinions on Doing a Good Job in Promoting Employment in the Current and Future Period (Internal Affairs Fa [2019] No.4), combined with the actual situation of the autonomous region.

I. Scope and Identification Criteria

Persons with employment difficulties refer to the following persons who are within the legal working age, have the ability to work, have employment aspirations and have registered for unemployment among urban permanent residents.Category 6 personnel.

(1) Older unemployed persons.Refers to continuous residence in the usual place.Women who have participated in social insurance for urban workers for more than 6 months and more than 1 year are over 40 years old, and men are over 50 years old and unemployed.

(2) Persons with disabilities.Refers to the disabled who hold the People’s Republic of China (PRC) Disabled Persons’ Card.

(3) Family members with zero employment.Refers to the same family accountTwo or more family members who live together and have the ability to work and employment requirements within the legal working age are registered as unemployed and have no business or investment income.

(4) Land-lost farmers and herdsmen.Refers to the unified land acquisition by the government at or above the county level according to law.Farmers and herdsmen who have completely lost their original contracted farmland or grassland, and whose women are over 40 years old and whose men are over 50 years old. People who are enjoying the monthly compensation standard for land acquisition higher than the local unemployment insurance standard are not included in this category.

(5) Long-term unemployed persons.Refers to those who are enjoying the minimum living allowance.Unemployed persons who have been registered as unemployed for more than one year and whose women are over 35 years old and whose men are over 45 years old.

(6) College graduates with employment difficulties.Refers to leaving schoolCollege graduates who have never been employed for 2 years or more (college graduates mainly refer to students who graduated from full-time colleges and universities).

Second, the identification procedure

(1) Voluntary application.Persons meeting one of the above conditions, you can submit an application to the community public employment service platform in your permanent residence [Xiangsumu Township (street) public employment service platform without a community], fill in the Approval Form for the Identification of Persons with Employment Difficulties in Inner Mongolia Autonomous Region, and provide your ID card (or social security card or Employment and Entrepreneurship Certificate) (non-local household registration personnel should provide proof of residence). At the same time, according to the scope and identification standards, different categories of personnel should also provide the following requirements:

1. Disabled persons provide the Disabled Persons’ Card of People’s Republic of China (PRC) issued by the Disabled Persons’ Federation;

2 landless farmers and herdsmen need to provide relevant certification materials for land acquisition;

3. College graduates with employment difficulties provide proof materials such as graduation certificates;

4. The long-term unemployed provide the minimum living guarantee certificate issued by the civil affairs department.

Public employment service agencies can also take"Workers’ written commitment"+Acceptance by means of "departmental information verification". Proof materials of zero-employment family members and proof of social insurance payment are obtained from the human resources and social security departments.

(2) Accepting the audit.After accepting the community public employment service platform,, to check the completeness and accuracy of the contents in the Examination and Approval Form for Employment Difficulties in Inner Mongolia Autonomous Region, and to be investigated and verified by full-time staff. Those who meet the requirements should enter relevant information in the module of "Employment Difficulties Identification Application" in the core business subsystem of the Autonomous Region, sign their opinions and affix their seals, put forward an application for identification, and report it to the public employment service platform of Sumu township (street). Do not meet the conditions for identification, in the "Inner Mongolia Autonomous Region employment difficulties personnel to apply for identification and approval form" to indicate the reasons, and inform the applicant.

(3) review and publicity.Sumu township(street) public employment service platform to review the application materials, publicity within the jurisdiction of 3 working days. Publicity without objection, in line with the conditions of the signing of the preliminary identification opinions stamped after the summary report flag county public employment service institutions. Do not meet the conditions for identification, in the "Inner Mongolia Autonomous Region employment difficulties personnel to apply for identification and approval form" to indicate the reasons, and inform the applicant.

(4) Examination and confirmation.County-level public employment service agencies to identify the application materials.If it is found to meet the requirements after examination, it shall be examined and identified in the module of "Identification and Approval of Persons with Employment Difficulties" in the core business subsystem of labor and employment in the autonomous region, and the approval form for the identification of persons with employment difficulties in Inner Mongolia Autonomous Region shall be signed and stamped with the official seal, and the type and approval time of persons with employment difficulties shall be indicated on the Employment and Entrepreneurship Certificate. If the review fails, the reasons shall be indicated in the Examination and Approval Form for Employment Difficulties in Inner Mongolia Autonomous Region, which shall be returned in the system, and the applicant shall be informed in time by the community public employment service platform in the first instance.

(5) Time limit for handling.Community public employment service platform should be acceptedCompleted within 5 working days. Sumu township (street) public employment service platform and Qixian (urban) public employment service institutions should be completed within 7 working days.

Third, the exit mechanism

Establish exit mechanism for people with employment difficulties, the implementation of real-name registration system dynamic management. Under any of the following circumstances, the identified persons with employment difficulties shall be cancelled, and the relevant information shall be recorded in the "core business subsystem of labor and employment in the autonomous region", and the identification of the persons with employment difficulties shall be cancelled.

(a) school, military service, death, emigration;

(2) Being sentenced to prison for execution;

(three) I applied for withdrawal from aid or termination of employment demand, or refused to accept public employment services for more than three times;

(four) have enjoyed the basic old-age insurance benefits, or reached the statutory retirement age;

(five) enjoy the employment assistance policy expires;

(six) other circumstances that should not be identified as employment difficulties.

Fourth, management services

(a) public employment service agencies should take necessary measures to verify the unemployment status of those who apply for employment difficulties. Mainly through the comparison with the internal system information such as social insurance registration, labor and employment filing, and sharing with market supervision and management, civil affairs, taxation, transportation management and other departments for verification. If it cannot be verified through the above channels, it can be determined by combining personal commitment with staff survey.

(II) Those who have been identified as people with employment difficulties shall regularly go to Sumu township (street) or community public employment service platform for identity verification every year. Those who fail to carry out the examination according to the provisions shall be deemed to have automatically withdrawn from employment assistance for people with employment difficulties. The specific inspection time shall be determined by the employment service agencies of counties (cities, districts).

(III) Sumu township (street) or community public employment service platform should strengthen online information comparison, offline survey visits, timely grasp the changes of people with employment difficulties, and terminate employment assistance for those who do not belong to the identity of people with employment difficulties. Counties (cities, districts) employment service agencies should implement regular or irregular spot checks on people with employment difficulties. If they find that they do not meet the conditions of people with employment difficulties, they will withdraw from the identification of people with employment difficulties and terminate employment assistance.

(four) for those who have withdrawn from the employment difficulties, they shall apply again. If they meet the conditions, they shall be re-identified according to the regulations.

(5) If the applicant provides false certificates or makes false promises, it shall be dealt with according to the law and regulations, and shall be included in the credit records of human resources and social security. The public employment service institutions in counties (cities, districts) shall revoke the recognition, recover the undeserved employment subsidy funds according to law, and report the dishonesty to the lead department of social credit system construction to determine the degree of dishonesty, and take corresponding measures to punish them according to different degrees.

V. Supervision and management

(a) counties (cities, districts) public employment service institutions should establish guidance, supervision and inspection mechanism for the identification of urban employment difficulties. Report the implementation of the measures and the problems found to the public employment service agency at the next higher level in a timely manner. Community, Sumu township (street) public employment service platform should be strictly in accordance with the prescribed procedures and requirements, conscientiously do a good job in the audit and identification of people with employment difficulties, and accept the supervision and inspection of relevant departments and society.

(II) Counties (cities, districts) human resources and social security departments should include the employment of people with employment difficulties in the annual work assessment objectives, establish and improve the supervision and assessment system, and ensure that employment assistance measures are put in place. It is necessary to strengthen supervision and inspection of the work of identifying people with employment difficulties. If the relevant departments violate the regulations in the process of identifying people with employment difficulties, the relevant personnel shall be seriously investigated for responsibility according to relevant regulations.

This approach sinceIt will be implemented on May 1, 2020, and the original Measures for the Identification of Persons with Employment Difficulties in Inner Mongolia Autonomous Region will be abolished at the same time. According to the original "Measures for the Identification of Persons with Employment Difficulties in Inner Mongolia Autonomous Region", the persons with employment difficulties have been identified and continue to enjoy the policy until the expiration.

　

Attachment: Approval Form for Employment Difficulties in Inner Mongolia Autonomous Region

　

　

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people’s government of guangdong province

Approved the provincial finance and trade office "on the National Day,

Holiday markets such as New Year’s Day and Spring Festival.

Notice of the opinions of the supply "

No.216 [1982] of Guangdong Province

September 7, 1982

　　The Provincial People’s Government agrees with the Opinions of the Provincial Finance and Trade Office on Doing a Good Job in the Market Supply of National Day, New Year’s Day and Spring Festival, which are hereby forwarded to you. Please combine the local conditions and conscientiously implement them.

　　It is of great significance to arrange the market supply for this year’s National Day and next year’s New Year’s Day and Spring Festival so that the people can enjoy the festive season, which will further reflect the correctness of the principles and policies of the Party since the Third Plenary Session of the Eleventh Central Committee and celebrate the victory of the Party’s Twelfth National Congress. In this regard, the Standing Committee of the Provincial Party Committee also attaches great importance to it, and has made a special study, demanding that preparations for holiday materials be made immediately, so that the supply of these holiday materials will be rich, the prices will be stable, and it will be better than last year. It is hoped that people’s governments at all levels will take the supply of National Day this year, New Year’s Day and Spring Festival next year as an important task according to the above requirements. First of all, arrange the market supply on National Day and Mid-Autumn Festival, and at the same time, learn from last year’s experience and make preparations for the market supply on New Year’s Day and Spring Festival as soon as possible. It is necessary to take effective measures to strengthen the purchase and transportation of agricultural and sideline products, especially the purchase and upward adjustment of live pigs and pond fish. Do a good job of industrial products going to the countryside to meet the needs of the rural market. For large and medium-sized cities, industrial and mining areas, troops and ethnic minorities, we should strive to make this year better than last year.

　　All relevant departments should strengthen their support for holiday market supply, industrial departments should strive to increase the production of consumer goods for holiday supply, transportation departments should give priority to the transportation of holiday goods, and commercial and service industries should conscientiously do a good job in commodity display and window layout, conduct business in a civilized manner, treat customers politely and improve service quality. Around the city, the market arrangements and preparations for several festivals, please make a written report to the provincial finance and trade office before September 20.

On National Day, New Year’s Day and Spring Festival

Such as holiday market supply advice.

Provincial People’s Government:

　　According to the spirit of the instructions of the provincial party committee and the provincial government on doing a good job in the market supply of National Day, New Year’s Day and Spring Festival, recently, we convened responsible comrades of the relevant departments of the provincial commerce, food, fisheries and supply and marketing cooperatives to study, made preliminary arrangements, and put forward the following specific opinions.

　　1. Since the beginning of this year, our province’s economy has developed steadily, industrial production has increased, and the supply of daily-use industrial products is abundant. Agriculture has won a bumper harvest in the case of overcoming serious natural disasters. The purchase and sale of commodities in the province has increased, the market has been active, and prices have been basically stable, which has provided a good material foundation for arranging the supply of holiday markets. The supply of holiday markets, especially for the National Day (which coincides with the Mid-Autumn Festival), is of great significance to celebrate the victory of the Twelfth National Congress of the Communist Party of China, reflect the great unity of the whole party and the people, and improve the political stability and people’s life since the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China. Therefore, from now on, commercial and supply and marketing departments at all levels should take the supply of National Day holiday this year and New Year’s Day and Spring Festival next year as an important task, take effective measures, strengthen the purchase and transportation of agricultural and sideline products, and do a good job in the supply and arrangement of foreign products. In cities, we should focus on the supply of non-staple food commodities, and in rural areas, we should conscientiously do a good job of industrial products going to the countryside to meet the needs of the rural market as much as possible. All localities should take proper care of the supply of commodities in industrial and mining areas, military units, ethnic minorities and high and middle-level intellectuals’ festivals.

　　Second, this year’s National Day and next year’s New Year’s Day, Spring Festival market supply, the general requirement is to be better than last year’s supply, the goods supplied at the quoted price should be increased compared with last year, and the bargaining goods should be open for supply. The standards for the supply of commodities quoted in holiday markets around the country shall be comprehensively arranged according to the supply situation. Except for cooking oil, the quantitative supply standards shall be uniformly increased throughout the province, and other commodities shall not be uniformly stipulated throughout the province. All localities are required to make efforts to increase the supply of marketable and quoted goods, actively purchase unplanned goods, appropriately reduce the price of negotiated goods, increase varieties of colors, set up temporary outlets, improve service attitude, improve service quality, add festive atmosphere and enrich people’s lives.

　　Three, this year’s National Day (including the Mid-Autumn Festival) commodity supply preliminary arrangements are as follows, pork, Guangzhou, each person to increase fresh pork half a catty, medium-sized cities and towns supply standards by the local. Cooking oil, the non-agricultural population in cities and towns in the province, the armed police stationed in the armed forces of the army, navy and air force in our province, etc., in addition to the quota, each person will increase the supply of cooking oil by one catty on National Day and the Spring Festival next year (last year, each person increased by half a catty). On the National Day in Guangzhou, each person supplied half a catty of eggs (maintaining the last year’s level), each person increased the supply of sugar by half a catty, and the supply of fresh fish increased by 20 cents (plus the quantitative 20 cents in the current month, a total of 40 cents, maintaining the last year’s level). Frozen beef, frozen mutton, three birds, fruits and other non-staple foods, the supply is better than in previous years, and the prices are stable and declining. The supply is open during the festival.

　　The province arranged 21.78 million Jin of moon cakes, an increase of 3.6% over last year’s 20.53 million Jin. This year, moon cakes will not be expensive, but the bargaining price will be leveled and sold at a comprehensive price according to the cost. The food department has given priority to raw materials such as raw oil, mung beans and sesame seeds. Guangzhou plans to produce 4.4 million Jin of moon cakes, including 2 million Jin of licensed moon cakes and 2.4 million Jin of negotiated moon cakes. The variety of colors has also increased, and the supply time is appropriately longer than last year. The supply will begin on September 17 (the first day of August). Cigarettes and alcohol also increased during the festival.

　　Four, the supply of vegetables, this year is better than last year, and the price is stable. It is expected that the National Day and Mid-Autumn Festival will be the peak season, and the supply is sufficient. It is required that the quantity of vegetables listed during festivals in large and medium-sized cities should be balanced to ensure the needs, and efforts should be made to increase the variety of fine vegetables and bean products and improve the quality of vegetables.

　　Five, commercial, supply and marketing departments at all levels should further implement the spirit of the State Council’s "Decision on Dredging Urban and Rural Commodity Circulation Channels and Expanding Industrial Products to the Countryside" and the relevant notice of the provincial people’s government, resolutely implement the principle of giving priority to the supply of industrial products needed by urban and rural areas, and do everything possible to transfer industrial products to the countryside. Wholesale departments should open their sources of goods, open warehouses for purchase, and increase the transfer of best-selling goods to facilitate grass-roots cooperatives to purchase goods. At the same time, we should actively promote the state-owned joint venture stores and do a good job in industrial products going to the countryside. Let the peasants celebrate the festival.

　　Six, the current transportation problems outside the province, a lot of backlog of goods, require the transportation department to give priority to the holiday goods wagon, shipping, to ensure the supply of holiday goods.

　　The above opinions, if not inappropriate, please forward them to all relevant departments around the country.

Finance and Trade Office of Guangdong Provincial People’s Government

August 25th, 1982

Cctv newsOn January 8th, the State Council Press Office held a press conference on the situation and work arrangement of Spring Festival travel rush in 2025.

　　Li Chunlin, deputy director of the National Development and Reform Commission, said that the scale of mass travel in Spring Festival travel rush has further increased this year, and this year is the first time that New Year’s Eve has been included as a statutory holiday, with 8 days off during the Spring Festival. The concentration of passenger flow is high before and after the Spring Festival. The National Development and Reform Commission, in conjunction with relevant departments and units, studied and planned as early as possible, comprehensively adopted a number of measures, and tried its best to meet the travel needs of the masses. It mainly includes four aspects: increasing transportation capacity, guiding travel, ensuring smooth flow and optimizing service.

　　The first is to increase transportation capacity. The railway adopts the methods of increasing passenger trains and high-speed trains at night, so as to tap the potential of increasing transportation, and at the same time ensure the operation of public welfare "slow trains" in remote areas, not only to ensure the point-to-point passenger transportation in cities, but also to ensure the travel of ordinary people in poor areas. It is estimated that more than 14,000 passenger trains will be arranged every day during Spring Festival travel rush, and the passenger capacity will increase by about 4% year-on-year. Civil aviation increased the capacity supply of popular airports and hot routes, with an average daily flight plan of about 18,500 flights, up 8.4% year-on-year. Highways play an important role in "covering the bottom" and dynamically allocate passenger lines. The waterway will increase the capacity of key routes such as Qiongzhou Strait.

　　The second is to guide travel. The education department keeps a close eye on key nodes and regions, and guides local colleges and universities to arrange students to leave school and return to school in an orderly manner. The cultural tourism department combines the weather and travel characteristics before and after the Spring Festival to guide tourists to arrange their trips reasonably. Trade union organizations actively negotiate with employers about the starting time and holiday time, and organize migrant workers to return home safely and orderly. At the same time, actively play the role of internet travel service enterprises, timely and dynamically release information such as passenger flow and road conditions of popular destinations, and strengthen passenger travel reminders.

　　The third is to ensure smooth flow. Give full play to the comparative advantages of different modes of transportation and the efficiency of comprehensive transportation combination, strengthen information sharing and service connection, do a good job of short-distance connection and night arrival of passengers, and smooth the "first and last mile". Study and judge Spring Festival travel rush’s easy-to-jam slow-moving sections and toll stations in advance, and formulate a diversion and bypass plan; Strengthen road network operation monitoring and information release, strengthen command and guidance during peak hours, timely dispatch and deal with serious congestion, and make every effort to ensure smooth road network.

　　The fourth is to optimize services. We will implement the policy of exempting minibus tolls during major holidays, do a good job in the traffic management of toll stations and service areas during peak hours, and strengthen the charging service guarantee for new energy vehicles. Improve the service conditions such as waiting, security check and transfer in hub stations and other places, do a good job in key passenger travel services such as old and young, sick and pregnant, facilitate the intelligent travel of the elderly, and make an appointment for migrant workers to purchase tickets. Carry out the "Warm Winter Action" of volunteer service in Spring Festival travel rush, and mobilize young people to invest in the main battlefields of Spring Festival travel rush, such as railway stations and passenger stations.

DRG/DIP firepower is fully open, and the pharmaceutical market will be shuffled. 　 　 　 　 　 　 　 　 　 　 　 　 　

Source | New Kangjie(Reprinted by Cybertron)　

workZhe | Xin Kangjie

　 　 　 　This paper will explore the impact of DRG/DIP implementation on the medical industry, medical insurance, patients and other related stakeholders from the perspective of the medical industry and related stakeholders.

　 　 　 　To analyze the impact of DRG/DIP, we should first make clear its underlying logic or core idea, that is, use the principles of health economics to measure the optimal cost performance, standardize the behavior of clinical diagnosis and treatment with economic leverage, and make more people afford it at the most reasonable cost.

01　Impact on the pharmaceutical industry

　 　 　 　The pharmaceutical industry in a broad sense can be divided into three parts: pharmaceutical industry, pharmaceutical circulation and medical service industry. The influence of DRG on the pharmaceutical industry can be analyzed from these three parts:

(1) Pharmaceutical industry

　 　 　 　The pharmaceutical industry is located in the upstream of the industrial chain and can be divided into seven sub-industries, including chemical raw materials, chemical preparations, Chinese herbal pieces, Chinese patent medicines, biological agents, sanitary materials and medical devices. This paper focuses on the impact on innovative drugs, Chinese patent medicines and traditional Chinese medicine injections, medical devices and other fields.

1. Innovative drugs

　 　 　 　Common diseases, frequently-occurring diseases and some major diseases with high incidence are usually included in the scope of DRG diseases, which makes medical institutions and doctors tend to use mature products with high cost performance.Doctors may give up the use of some innovative drugs actively or passively, especially for medical insurance users, so it is bad for most innovative drugs to implement DRG.

2. Chinese patent medicines and traditional Chinese medicine injections

　 　 　 　As we all know, traditional Chinese medicine and traditional Chinese medicine injection have the characteristics of slow onset, uncertain curative effect, relatively expensive price and mostly auxiliary drugs, while DRG clinical grouping has strict regulations on what drugs patients should take for different hospitalization days and diagnosis results, and the amount of drugs to take.Therefore, it is difficult for traditional Chinese medicine and traditional Chinese medicine injection to meet the requirements of DRG in clinical use.

3. Generic drugs

　 　 　 　Under the clinical practice of DRG standardization, a part of the original share of adjuvant drugs will be released, which is beneficial to generic drugs. At the same time, hospitals will prefer to use low-priced generic drugs that have passed the consistency evaluation in order to control costs. However, affected by the VBP policy, relevant data show that the first three batches of countries organized drug collection of 112 drugs, and the average drug price decreased by 54%.In the case of a general decline in the unit price of generic drugs, even if the sales volume increases, the overall sales volume may not increase.

4. Medical devices

　 　 　 　DRG may limit diagnosis, increase the cost risk of updating diagnostic equipment in hospitals, and then make hospitals reluctant to update diagnostic equipment, so they may choose to entrust some diagnoses to third-party laboratories.In-hospital sales of medical device enterprises will be frustrated.

(2) Circulation of medicines

　 　 　 　From the perspective of pharmaceutical circulation industry, it will promote the development of emerging channels such as retail, internet hospitals and out-of-hospital markets. The development of the out-of-hospital market has ushered in new opportunities. In order to control medical bills, hospitals may gradually tend to export more prescriptions to out-of-hospital pharmacies to reduce the in-hospital medical bills. At the same time, hospitals will shorten the average length of stay of a large number of patients, but patients still need drugs after discharge. Through online follow-up prescriptions, pharmacist review, logistics and distribution, patients’ demand for drugs for rehabilitation or chronic diseases will be transferred to out-of-hospital, and new channels such as Internet hospitals and DTP pharmacies will undertake prescriptions for patients with chronic diseases in-hospital to reduce.

　 　 　 　The standardized clinical pathway of DRG may stifle individualized treatment, and the drugs used in individualized treatment, such as innovative drugs, auxiliary drugs, nutritional drugs and high-priced products with therapeutic value, are often distributed in the out-of-hospital market, and this part of patients’ needs will be drained to self-funded pharmacies or DTP. After DRG, these products sold outside the hospital will vigorously develop the out-of-hospital sales system.

(3) Pharmaceutical service industry

　 　 　 　As the policy bearer of DRG/DIP payment system reform, the change from "payment by project" to "payment by disease" will have a great impact on the operation and development of hospitals.

　 　 　 　From the management mode of medical institutions, DRG considers the requirement of higher quality of inpatient services on the premise that the hospital can reach the cost less than the payment amount. The focus of hospital management will shift from the original extensive operation, focusing on income growth, to reducing costs, promoting the standardization and standardization of clinical management, strengthening operational management, and achieving cost reduction and efficiency improvement.

　 　 　 　From the point of view of hospital financial management, under the previous "project-based payment" mode, most hospitals adopted an expansionary strategic model. Now, under the DRG/DIP payment mode, the part exceeding the medical insurance payment standard will be borne by the hospital. Only by strengthening medical cost control and widening the gap between cost and income can the hospital get more balance. This is a high requirement for hospital informatization and data capability. Both DRG and DIP are essentially big data application tools, and the construction and transformation of hospital informatization is a prerequisite for implementing DRG/DIP.

　 　 　 　The implementation of DRG is good news, especially for medical institutions run by the society (private hospitals). Under the DRG payment method, hospitals at the same level have the same disease and the same price, which gives medical institutions run by the society (private hospitals) a fair development opportunity in the market environment.

02　Stakeholder impact analysis

　 　 　 　From the perspective of relevant stakeholders, it involves the impact on medical insurance, medical institutions, pharmaceutical companies, patients and other relevant stakeholders (see above for the impact on medical institutions and pharmaceutical companies, so I won’t go into details here).

(A) the impact on medical insurance

　 　 　 　Relieve the pressure on medical insurance funds. From the experience of foreign implementation, for the payer, the implementation of DRG can alleviate the pressure of medical insurance funds to a certain extent, control the growth of medical expenses, and at the same time facilitate the medical insurance settlement between the payer and the hospital by paying for diseases, greatly improving the settlement efficiency. DRG can produce systematic disease data and improve the management efficiency of medical insurance supervision.

(B) the impact on patients

　 　 　 　Reduce expenses and improve medical quality. For patients, the implementation of DRG can not only reduce the cost of medical treatment, but also promote medical institutions to improve the quality of medical treatment. Hospitals and doctors are optimistic about the disease with the best and most economical resources, and at the same time, the problems of "big prescription" and "pan-examination" criticized by society will be curbed; Solve the problem of "difficulty in seeing a doctor" to a certain extent. DRG urges the hospital to optimize the diagnosis and treatment plan and shorten the hospitalization time of patients, thus increasing the ability to receive patients and enabling more patients to enjoy high-quality medical resources; The optimized diagnosis and treatment scheme under the strict clinical path further enhances the patients’ sense of acquisition of disease treatment.