"Taurus heads up and resigns, and jade tiger receives happiness and welcomes the spring." At 20: 00 on January 31st, CCTV’s Spring Festival Gala in 2022 met the audience as scheduled in a happy, auspicious and jubilant Spring Festival atmosphere.

　　The content of the whole party is novel and unique, and the emotion is warm and full. The ingenious use of 720-degree circular screen and virtual technologies such as XR and AR provides the audience with a cultural feast with excellent ideological, artistic and ornamental features. From beginning to end, the party has been widely concerned by the audience and media at home and abroad. It is generally believed that the Spring Festival Evening in 2022 will be vivid and colorful, creating a lively and festive atmosphere.

　　According to preliminary statistics, as of 24: 00 on January 31st, the average audience rating of live TV broadcast in the Spring Festival Evening of 2022 reached 21.93%. The number of new media direct-on-demand users reached 4.932 billion times, an obvious increase compared with last year. For the first time, the number of viewers watching the Spring Festival Evening on the vertical screen was 200 million, and users under the age of 30 accounted for over 50% of the users with vertical screens. The netizens received rave reviews, with a total of 360 million praises. The feedback of the mobile phone vertical screen to watch the Spring Festival Evening was innovative and really beautiful, and they all wished the motherland prosperity, prosperity, peace and prosperity. Overseas, more than 600 media from more than 170 countries and regions, including the United States, Canada, France, Italy, Russia, Japan, Brazil, Australia, India, United Arab Emirates, Singapore, South Africa, broadcast and reported the Spring Festival Gala simultaneously, and watched the live broadcast of the Spring Festival Gala through CNTV and CGTN overseas social matrix for more than 35.24 million times, an increase of nearly 16.58 million times compared with last year.

　　Sing songs for the times and express feelings for the people

　　Singing and dancing show the prosperous flavor of the year

　　The theme of this year’s Spring Festival Gala is "Spring Festival Melody on a New Journey, Ode to Joy in China". We immerse our hearts, feelings and thoughts into colorful life, and strive to start from a small incision, deeply reflecting the major themes of the centenary of the founding of the Party, rural revitalization, ecological civilization, the Winter Olympics and China’s space flight, and depicting the magnificent picture of the new era and new journey.

　　The opening program "Happy and Auspicious Year" is filled with the flavor of happy reunion, which instantly pushes the atmosphere of the party to a climax. Zhang Ye and Lv Jihong sang "The Millennium Dream is Sailing" and "The road to a strong country is full of hope" with a song "Our Time". Yin Xiumei and Yan Weiwen sang "A Spring Breeze of 100,000 Li", which was affectionate and simple, and sang the full vitality of spring in China. Chen Kun, Jam Hsiao (Taiwan, China), Jackson Wang (Hong Kong, China) and Peng Yongchen (Macao, China) sang the magnificent Yellow River and the Yangtze River, which made the world hear the surging of the great rivers in the East. The dance "Putting on a Spring" is based on the swing dance of the Lahu nationality. People are dressed in costumes, singing and dancing, and the songs are exciting and joyful. Shanxiang has achieved fruitful results in tackling poverty, and a full sense of gain and happiness permeates people’s hearts. "My sense of the times is the flame of a dream in my heart." The song "Sense of the Times", jointly performed by Deng Chao, Chris Lee and Jackson Yee, sings young people’s vision and hope for the future in the high and exciting rhythm.

　　Last year, the news that Yunnan elephants went north and returned south touched the hearts of the world. A beautiful picture of harmonious coexistence between man and nature is slowly unfolding in the musical short play "Rejuvenation of Vientiane". People live up to the castle peak, and the castle peak will live up to people. The original ecological scene performance "Song of the Land" gathers folk music of five places, namely, Masonry Song in western Hubei, Gonggong Ballad in northern Shaanxi, Aolu Guya in Daxing ‘anling, Tea-picking Song in Ningde in eastern Fujian, and Heart Ticket in Erhai Lake in western Yunnan. It is a dialogue between man and nature, and expresses Chinese’s most simple feelings about the ecological civilization of grass and sand in landscape forest, field and lake.

　　Asking the sky, in 2021, we handed over an inspiring and amazing space answer sheet. With the help of XR technology, the 720-degree dome screen is as bright as the Milky Way. In the children’s dance "Star Dream", children dressed in blue spacesuits jump into stars, and the daughter of astronaut Wang Yaping who is on a mission at the space station says "mom", which makes the "space dream" full of feathers fly into the sky and the "dream of a strong country" insert wings and fly into the hearts of future generations of the motherland.

　　Traditional culture lasts for a long time, and creative integration has unlimited charm.

　　One of the highlights of this year’s Spring Festival Gala is the fusion and innovation programs that highlight the Chinese cultural heritage and the aesthetic pursuit of the times. Music short plays, landscape Tai Chi, creative singing and dancing poems and paintings, and original ecological scene performances, etc., through the deep integration of technology and culture, create beautiful and amazing visual effects in fantasy and realism. The dance poetic drama "Only this Green" combines the cutting-edge technologies such as XR and holographic scanning, and the dancers tell the classic legend of "A Thousand Miles of Rivers and Mountains" with dance vocabulary such as walking alone, waiting and thinking. Between pitching, the green is fixed for thousands of years; Dynamic and static contrast, listening to the sound of history.

　　The creative poetry and painting "Recalling Jiangnan" brings together the masterpiece "Fuchun Shan Jutu". Pu Cunxin, Feng Yuanzheng, Li Liqun (Taiwan, China), Ding Zhicheng, Ayanga, Aska Yang (Taiwan, China), Zheng Qiyuan, Cai Chengyu, etc. came into the picture, singing, fishing and reading in Xiushui Castle Peak, and the painting was blown away with the song, and people were walking in the painting. The audience read the classics in the vivid picture scroll and savored Jiangnan.

　　From the octogenarian famous artists to the seven-year-old Meng Wa, several generations performed "Endless Pear Garden Love" on the same stage, and the opera art has a long rhyme and is passed down from generation to generation. Especially in the selection of Peking Opera "Xu Ce Run to the City", 74-year-old Chen Shaoyun body of work shakes his beard, grabs his sleeve, kicks his robe, and makes people feel the cultural spirit of the Chinese nation in one go.

　　The building is 100 feet high and can pick stars. Standing at the height of China, it conveys the spirit of China and condenses China’s strength. Landscape Tai Chi "Flowing Clouds and Flowing Water" breaks through the stage space limitation. Three martial arts and Tai Chi champions are prancing around four cloud-top buildings in Shanghai, Chongqing and Guangzhou, paddling the city skyline with one stroke and one style, and vividly interpreting "the unity of heaven, earth and people". The martial arts short play "Ruhu Xiaochun" integrates the plot into the martial arts performance. With the narrative clue of practicing martial arts in the morning, wading through mountains and rivers, and outwitting the chivalrous man, Huwa expresses the profound Chinese martial arts, the chivalrous spirit of treating each other with sincerity and the self-improvement personality.

　　Dialects in all corners of the country have their own tastes, and the folk customs in all corners of the country are varied and polymorphic. Jiang Kun and Dai Zhicheng’s cross talk "Happy Dialect" shows the vivid and colorful language and regional culture of China. Lu Xin and Yuhao, young crosstalk performers, teased each other with a talk about "Is it like it or not", and interpreted the traditional art forms such as storytelling, duet, and Shaanxi Opera into fashion charm.

　　The century-old archaeology traces back to its roots, offering the answer of "Why China" to human civilization. Zhang Guoli unveiled the bronze mask of Sanxingdui’s newly unearthed cultural relics. The country’s heavy weapon is really present, and at first glance it can witness the Millennium civilization. In the following dance "Golden Face", the dancer and the bronze mask crossed time and space and started a fantastic love, which made the "national treasure come alive".

Observing the real life and conveying true feelings and great love in joy.

　　Language programs observe the reality with a small incision, and the themes are diverse and grounded, showing a variety of life appearances. Guo Donglin, Shao Feng and others starred in the essay "The Story of the Rest Area", which tells the story of dual-employee medical couples taking the initiative to join the anti-epidemic cause. The dialogue revealed the great love of the small family, which is a true portrayal of countless workers fighting in the front line of anti-epidemic; In "Giving Red Envelopes", Jia Bing sells cars and gives red envelopes to relieve the worries of workers, praising the mutual help between people. The sketch "Father and Son" focuses on entrepreneurs and reflects the understanding and care between father and son. Jia Ling, Zhang Xiaofei and others brought the essay "Happiness on the Top" with a short video to break the topic, showing a lively and joyful family fun; Shen Teng, Mary, Chang Yuan, Allen and others interpret the essay "Don’t Pay Back", which satirizes the "Lao Lai" who is helpless and disloyal to others. The works advocate the virtue of being honest and being a man with warnings such as "It’s not that we are thin-skinned, but that our old classmates have deep friendship" and "Those who can lend you money are the people who trust you the most".

　　The stage of the Spring Festival Evening is also intertwined with affection, friendship and love, conveying the great love of the world. Han Hong gave an affectionate song "There are so many people in this world" to everyone who worked hard for a happy life, and made the world warmer and more powerful with love. Ronghao Li and Angela Zhang (Taiwan, China) sang "Love Together", which explained the sincere feelings of companionship and love together. The song "You are a Gift in My Life", accompanied by Uradon’s melodious piano, Liu Huan sang the freehand brushwork of love with deep affection — — The companionship of family, the help of friends and the care of lovers are all gifts given by life. Allen, Roy, Victoria Song and Summer brought the song "True Love Dancing", and the acrobatic performance was in a cheerful rhythm, and the scene was a sea of joy.

　　Welcome the Winter Olympics, gather positive energy and work together for the future.

　　Beijing 2022 Winter Olympics will be grandly opened on February 4th. In the Spring Festival Evening of the Year of the Tiger, there is a new story, telling the story of the Winter Olympics with creative works, and going to the ice and snow appointment together.

　　For the first time on the stage of CCTV Spring Festival Evening, IOC President Bach wished everyone a happy New Year and a good year of the Tiger in Chinese, and invited them to celebrate the Beijing 2022 Winter Olympics. Liao Changyong, CoCo Lee (Hong Kong, China) and many international friends sang the Winter Olympics theme song "Lighting Dreams". "Olympic Meeting, the most beautiful smile in colorful sky", the dream crosses mountains and mountains, and the Olympic spirit spreads all over the world.

　　In the specially designed short film "The Year of Snow and Ice Shines in China" in the Spring Festival Evening, the mascots of the Winter Olympics and the Winter Paralympics "Ice Dun Dun" and "Snow Rong Rong" are like elves, flying back and forth with the notes of the skating waltz and the winter Olympics symphony, and the conductor’s swallow-tailed suit turns into ice and snow equipment around them, and the baton turns into a sleigh and slides down from the winter Olympics ski platform to complete the dream transition from the stage of the Spring Festival Evening to the winter Olympics venue. Art and body blossom, violin and figure skating realize the perfect integration of ice and snow sports and classical music. Dancing with the music, two elves flew out of the stadium to show you the splendor of the Beijing Winter Olympics venues, such as the Ice Cube, Snow Ruyi, Ice Ribbon, Ice Sail and Ice Flower.

　　"Spring Festival Gala in 2022" expresses the excellent Chinese culture with innovative language with a sense of the times and youth, dedicates a colorful cultural feast to the audience, and sings the Spring Festival song in the new era and new journey.

　　Xinhua News Agency, Beijing, July 9th

Regulations on the supervision and administration of private investment funds

　　Chapter I General Provisions

　　Article 1 In order to standardize the business activities of private equity funds (hereinafter referred to as private equity funds), protect the legitimate rights and interests of investors and related parties, and promote the standardized and healthy development of the private equity fund industry, these Regulations are formulated in accordance with the Securities Investment Fund Law of People’s Republic of China (PRC) (hereinafter referred to as the Securities Investment Fund Law), the Trust Law of People’s Republic of China (PRC), the Company Law of People’s Republic of China (PRC), the Partnership Enterprise Law of People’s Republic of China (PRC) and other laws.

　　Article 2 In People’s Republic of China (PRC), if funds are raised in a private way, investment funds are set up, or companies and partnerships are established according to law for the purpose of investment activities, which shall be managed by private fund managers or general partners, and investment activities shall be conducted for the benefit of investors.

　　Article 3 The State encourages the private equity fund industry to develop in a standardized and healthy way, and give play to its functions such as serving the real economy and promoting scientific and technological innovation.

　　Engaged in private equity fund business activities, should follow the principles of voluntariness, fairness and good faith, protect the legitimate rights and interests of investors, and shall not violate laws, administrative regulations and national policies, public order and good customs, and shall not harm national interests, social public interests and the legitimate rights and interests of others.

　　Private fund managers manage and use private fund properties, private fund custodians trust private fund properties, and private fund service institutions engage in private fund services, which shall abide by laws and administrative regulations, fulfill their duties, and fulfill their obligations of honesty, trustworthiness, prudence and diligence.

　　Private equity fund practitioners shall abide by laws and administrative regulations, abide by professional ethics and codes of conduct, and receive compliance and professional ability training in accordance with regulations.

　　Article 4 Private equity fund property is independent of the inherent property of private equity fund managers and private equity fund custodians. The debt of the private equity fund property shall be borne by the private equity fund property itself, except as otherwise provided by law.

　　Investors shall distribute income and bear risks according to the fund contract, articles of association and partnership agreement (hereinafter referred to as fund contract).

　　Article 5 The supervision and management of the business activities of private equity funds shall implement the line, principles, policies and decision-making arrangements of the Party and the State. The State Council Securities Regulatory Authority shall supervise and manage the business activities of private equity funds in accordance with the laws and the regulations, and its dispatched offices shall perform their duties in accordance with the authorization.

　　If the state has other provisions on the supervision and management of private equity funds initiated or invested with a certain proportion of government funds, such provisions shall prevail.

　　Article 6 the State Council Securities Regulatory Authority shall conduct differentiated supervision and management on private fund managers according to their business types, assets under management, continuous compliance, risk control and ability to serve investors, and conduct classified supervision and management on different types of private funds such as venture capital and securities investment.

　　Chapter II Private Equity Fund Managers and Private Equity Fund Custodians

　　Article 7 The manager of a private equity fund shall be a legally established company or partnership enterprise.

　　Where the assets of a private equity fund established in the form of a partnership are managed by the general partner, the provisions of this Ordinance on the private equity fund manager shall apply to the general partner.

　　Shareholders and partners of private fund managers, as well as controlling shareholders and actual controllers of shareholders and partners, or holding or actually controlling other private fund managers, shall comply with the provisions of the State Council Securities Regulatory Authority.

　　Article 8 Under any of the following circumstances, a person shall not be a private equity fund manager, nor shall he become the controlling shareholder, actual controller or general partner of a private equity fund manager:

　　(1) The circumstances specified in Article 9 of these Regulations;

　　(2) A private fund manager whose registration has been cancelled due to the circumstances listed in Item 3, Paragraph 1, Article 14 of these Regulations, and who has not been registered for more than 3 years since the date of cancellation, or who is the controlling shareholder, actual controller or general partner of the private fund manager;

　　(3) There is a conflict of interest between the business it is engaged in and the management of private equity funds;

　　(4) There are serious bad credit records that have not been repaired.

　　Article 9 Under any of the following circumstances, a person shall not be a director, supervisor, senior manager, executive partner or appointed representative of a private equity fund manager:

　　(1) Being sentenced to punishment for committing crimes of corruption, bribery, dereliction of duty, property infringement or disrupting the order of the socialist market economy;

　　(two) in the last three years, the financial management department has imposed administrative penalties for major violations of laws and regulations;

　　(3) The directors, supervisors, factory directors, senior management personnel, executive partners or appointed representatives who are personally responsible for the bankruptcy liquidation of the company or enterprise they work for or the revocation of their business licenses due to poor management have not been more than five years since the date of the bankruptcy liquidation of the company or enterprise or the revocation of its business licenses;

　　(four) the amount of debt is large, and it is not paid off at maturity or is included in the list of people who have lost their trust;

　　(5) Employees of fund managers, fund custodians, securities and futures trading places, securities companies, securities registration and settlement institutions, futures companies and other institutions and staff of state organs who have been dismissed due to illegal acts;

　　(6) Lawyers, certified public accountants, employees of asset appraisal institutions, verification institutions and investment consulting practitioners whose practice certificates have been revoked or their qualifications have been cancelled due to illegal acts, and it has not been more than five years since the day when their practice certificates have been revoked or their qualifications have been cancelled;

　　(7) Being the legal representative, executive partner or appointed representative of a private equity fund manager whose registration has been cancelled due to the circumstances listed in Item 3 of Paragraph 1 of Article 14 of these Regulations, or being a responsible senior manager, it has not been more than 3 years since the date when the private equity fund manager was cancelled.

　　Article 10 A private fund manager shall submit the following materials to the institution entrusted by the securities regulatory authority of the State Council (hereinafter referred to as the registration and filing institution) according to law, and go through the registration formalities:

　　(a) unified social credit code;

　　(2) Articles of association or partnership agreement;

　　(3) Basic information of shareholders, actual controllers, directors, supervisors, senior management personnel, general partners, executive partners or appointed representatives, and information of relevant beneficial owners of shareholders, actual controllers and partners;

　　(four) a letter of credit commitment to ensure that the submitted materials are true, accurate and complete and abide by the provisions of supervision and administration;

　　(5) Other materials as prescribed by the the State Council Securities Regulatory Authority.

　　Where the controlling shareholder, actual controller, general partner, executive partner or appointed representative of the private equity fund manager changes, it shall go through the formalities of change registration with the registration and filing institution in accordance with the provisions.

　　The registration and filing institution shall publicize the relevant information of the registered private fund manager.

　　Without registration, no unit or individual may use the words "fund" or "fund management" or similar names for investment activities, except as otherwise provided by laws, administrative regulations and the state.

　　Article 11 A private fund manager shall perform the following duties:

　　(a) to raise funds according to law and handle the filing of private equity funds;

　　(2) Managing, keeping accounts and investing in the properties of different private equity funds under management;

　　(3) Managing and investing private equity funds in accordance with the fund contract, and establishing an effective risk control system;

　　(4) Determine the income distribution plan of private equity funds according to the fund contract, and distribute the income to investors;

　　(5) Providing investors with information related to private equity fund management business activities as agreed in the fund contract;

　　(6) Keeping records, account books, statements and other relevant materials of private equity fund property management business activities;

　　(seven) other duties stipulated by the the State Council securities regulatory authority and agreed in the fund contract.

　　Where funds are raised in a non-public way to set up an investment fund, the private fund manager shall also exercise litigation rights or conduct other legal acts in his own name for the property interests of the private fund.

　　Article 12 Shareholders, actual controllers and partners of a private equity fund manager shall not commit any of the following acts:

　　(a) false capital contribution, withdrawal of capital contribution, entrusted or accepted by others;

　　(2) interfering with the business activities of private fund managers without legal procedures such as resolutions of the shareholders’ meeting or the board of directors;

　　(3) Requiring managers of private equity funds to use the property of private equity funds to seek benefits for themselves or others and harm the interests of investors;

　　(four) other acts prohibited by laws, administrative regulations and the provisions of the the State Council securities regulatory authority.

　　Article 13 A private fund manager shall continuously meet the following requirements:

　　(1) It is in good financial condition and has working capital suitable for the business type and the scale of assets under management;

　　(2) The legal representative, executive partner or appointed representative and senior manager in charge of investment management hold a certain proportion of the equity or property share of the private fund manager in accordance with the provisions of the the State Council Securities Regulatory Authority, except as otherwise provided by the state;

　　(3) Other requirements as stipulated by the the State Council Securities Regulatory Authority.

　　Article 14 Where a private fund manager is under any of the following circumstances, the registration and filing institution shall cancel the registration of the private fund manager in time and publicize it:

　　(a) to apply for cancellation of registration;

　　(2) It is dissolved, revoked or declared bankrupt according to law;

　　(three) due to illegal fund-raising, illegal business and other major illegal acts were investigated for legal responsibility;

　　(four) the first private equity fund has not been filed within 12 months from the date of registration;

　　(5) After all the managed private equity funds are liquidated, no new private equity funds have been filed within 12 months from the date of liquidation;

　　(6) Other circumstances as stipulated by the the State Council Securities Regulatory Authority.

　　Before the registration institution cancels the registration of the private equity fund manager, it shall notify the private equity fund manager to liquidate the private equity fund property or transfer the private equity fund management responsibility to other registered private equity fund managers according to law.

　　Article 15 Unless otherwise agreed in the fund contract, the private equity fund property shall be entrusted by the private equity fund custodian. If the private equity fund property is not managed, the institutional measures and dispute settlement mechanism for ensuring the safety of private equity fund property shall be clarified.

　　Article 16 Where the private equity fund property is entrusted, the private equity fund custodian shall perform his duties according to law.

　　The custodian of a private equity fund shall establish an isolation mechanism between the custody business and other businesses according to law to ensure the independence and safety of the private equity fund property.

　　Chapter III Fund Raising and Investment Operation

　　Seventeenth private fund managers should raise funds by themselves, and may not entrust others to raise funds, except as otherwise provided by the the State Council Securities Regulatory Authority.

　　Article 18 Private equity funds shall be raised or transferred to qualified investors, and the cumulative number of investors in a single private equity fund shall not exceed the number prescribed by law. Private fund managers are not allowed to set up more than one private fund for a single financing project to break through the number limit prescribed by law; It is not allowed to reduce the standard of qualified investors by splitting and transferring the shares or income rights of private equity funds.

　　Qualified investors mentioned in the preceding paragraph refer to units and individuals that have reached the specified asset scale or income level, and have the corresponding risk identification ability and risk-taking ability, and their subscription amount is not less than the specified limit.

　　The specific standards for qualified investors shall be formulated by the the State Council Securities Regulatory Authority.

　　Nineteenth private fund managers should fully reveal the investment risks to investors, and match private fund products with different risk levels according to investors’ risk identification ability and risk-taking ability.

　　Twentieth private equity funds shall not be raised or transferred to units or individuals other than qualified investors; Not to raise or transfer to investors who hold it for others; Not through newspapers, radio stations, television stations, the Internet and other mass media, telephone, SMS, instant messaging tools, e-mail, leaflets, or lectures, reports, analysis meetings and other means to promote to unspecified objects; Not to promote it in a false, one-sided or exaggerated way; Not in the name of private equity fund custodian publicity and promotion; Investors shall not be promised that the investment principal will not be lost or the minimum income will be promised.

　　Article 21 Where a private equity fund manager uses private equity fund property for investment, he shall indicate the name of the private equity fund when opening an account in the name of the private equity fund manager, being included in the register of shareholders of the invested enterprise or holding other private equity fund property.

　　Twenty-second private fund managers shall, within 20 working days from the date of completion of private fund raising, submit the following materials to the registration and filing institution for filing:

　　(1) Fund contract;

　　(2) Custody agreement or institutional measures to ensure the property safety of private equity funds;

　　(3) Property certification documents of the private equity fund;

　　(4) Basic information of investors, subscription amount, number of fund shares held and relevant information of their beneficial owners;

　　(5) Other materials as prescribed by the the State Council Securities Regulatory Authority.

　　Private equity funds should have the scale of paid-in raised funds to ensure basic investment ability and anti-risk ability. The registration and filing institutions shall make classified publicity according to the scale of funds raised by private equity funds, and report to the the State Council Securities Regulatory Authority if the total amount of funds raised or the number of investors reaches the prescribed standards.

　　Article 23 The securities regulatory authority in the State Council shall establish and improve the monitoring mechanism for private equity funds, and conduct centralized monitoring on private equity funds and their investors’ share holdings. The specific measures shall be formulated by the securities regulatory authority in the State Council.

　　Article 24 The investment of private equity fund property includes buying and selling shares of joint stock limited companies, shares of limited liability companies, bonds, fund shares, other securities and their derivatives, and other investment targets that meet the requirements of the State Council securities regulatory authority.

　　Private equity fund property shall not be used to operate or operate capital lending, loans and other businesses in disguised form. Private fund managers shall not increase the implicit debt of the government in disguised form by asking the local people’s government to promise to buy back the principal.

　　Article 25 The investment level of private equity funds shall comply with the provisions of the financial management department of the State Council. However, private equity funds that meet the requirements stipulated by the State Council Securities Regulatory Authority and invest their main fund assets in other private equity funds are not included in the investment level.

　　The investment levels of venture capital funds and private equity funds stipulated in the second paragraph of Article 5 of these Regulations shall be stipulated by the relevant departments of the State Council.

　　Twenty-sixth private fund managers should follow the principle of professional management and employ senior managers with corresponding experience to be responsible for investment management, risk control and compliance.

　　Private fund managers should follow the principle of giving priority to investors’ interests and establish management systems such as investment declaration, registration, review and disposal of employees to prevent interest transfer and conflicts of interest.

　　Twenty-seventh private fund managers shall not entrust others to exercise their investment management responsibilities.

　　Where a private equity fund manager entrusts other institutions to provide securities investment advice services for private equity funds, the entrusted institution shall be a fund investment advisory institution as stipulated in the Securities Investment Fund Law.

　　Article 28 Private fund managers shall establish and improve the management system of related party transactions, and shall not conduct improper transactions or transfer benefits with related parties with private fund property, nor conceal them through multi-layer nesting or other means.

　　Where a private fund manager uses private fund property to conduct transactions with himself, investors, other private funds managed, private funds managed by other private fund managers controlled by his actual controller, or other entities with significant interests, he shall perform the decision-making procedures agreed in the fund contract and provide relevant information to investors and private fund custodians in a timely manner.

　　Twenty-ninth private fund managers should hire an accounting firm to audit the property of private funds in accordance with the regulations, provide the audit results to investors, and submit them to the registration and filing institutions.

　　Thirtieth private fund managers, private fund custodians and their employees shall not have the following acts:

　　(1) hotchpot his inherent property or others in the private equity fund property;

　　(2) Taking advantage of the property or position of private equity funds to seek benefits for people other than investors;

　　(3) Embezzlement and misappropriation of private equity fund property;

　　(4) disclosing undisclosed information obtained by taking advantage of his position, and using the information to engage in or express or imply others to engage in relevant securities and futures trading activities;

　　(five) other acts prohibited by laws, administrative regulations and the provisions of the the State Council securities regulatory authority.

　　Thirty-first private fund managers should provide information to investors in the process of fund raising and investment operation in accordance with the provisions of the the State Council securities regulatory authority and the fund contract.

　　Where the private equity fund property is managed, the private equity fund manager shall, in accordance with the provisions of the the State Council Securities Regulatory Authority and the custody agreement, provide the private equity fund custodian with basic information of investors, proof materials of ownership change of investment targets and other information in a timely manner.

　　Article 32 The information provided and submitted by private fund managers, private fund custodians and their employees shall be true, accurate and complete, and shall not commit any of the following acts:

　　(a) false records, misleading statements or major omissions;

　　(2) Forecasting the investment performance;

　　(three) to promise investors that the investment principal will not be lost or the minimum income will be promised;

　　(four) other acts prohibited by laws, administrative regulations and the provisions of the the State Council securities regulatory authority.

　　Thirty-third private fund managers, private fund custodians and private fund service institutions shall, in accordance with the provisions of the the State Council Securities Regulatory Authority, submit information on the investment and operation of private funds to the registration and filing institutions. Registration and filing institutions shall, according to different types of private equity funds, make provisions on the content and frequency of information submitted, and summarize and analyze the situation of private equity fund industry, and submit relevant information of private equity fund industry to the State Council securities regulatory authority.

　　The registration and filing institution shall strengthen the risk early warning, and take timely measures and report to the the State Council Securities Regulatory Authority if it finds that there may be significant risks.

　　The registration and filing institution shall keep the information specified in the first paragraph of this article confidential, and shall not provide it to the outside world unless otherwise provided by laws and administrative regulations.

　　Article 34 If the private equity fund manager fails to perform his duties normally or there are serious risks, resulting in the failure of the private equity fund to operate normally or terminate, other professional institutions agreed in the fund contract or determined by relevant regulations shall exercise the functions and powers of replacing the private equity fund manager, modifying or terminating the fund contract in advance, and organizing the liquidation of the private equity fund.

　　Chapter IV Special Provisions on Venture Capital Funds

　　Article 35 The term "venture capital fund" as mentioned in these Regulations refers to a private equity fund that meets the following conditions:

　　(a) the scope of investment is limited to unlisted enterprises, except for the untransferred part of the shares held by the fund and its allotment part after the investment enterprise is listed;

　　(2) The name of the fund contains the words "venture capital fund" or the words "engaged in venture capital activities" in the business scope of the company or partnership enterprise;

　　(3) The fund contract embodies the venture capital strategy;

　　(four) do not use leveraged financing, except as otherwise provided by the state;

　　(5) The minimum duration of the fund meets the relevant provisions of the state;

　　(6) Other conditions stipulated by the state.

　　Article 36 The state gives policy support to venture capital funds, encourages and guides them to invest in growth and innovative venture enterprises, and encourages long-term funds to invest in venture capital funds.

　　The development and reform department of the State Council is responsible for organizing the formulation of policies and measures to promote the development of venture capital funds. The State Council Securities Regulatory Authority and the State Council Development and Reform Department shall establish and improve the sharing mechanism of information and support policies, and strengthen the coordination of supervision and management policies and development policies of venture capital funds. The registration and filing institution shall timely submit the information related to venture capital funds to the securities regulatory agency of the State Council and the development and reform department of the State Council.

　　Venture capital funds that enjoy the support of national policies shall be invested in accordance with the relevant provisions of the state.

　　Article 37 The securities regulatory authority in the State Council shall conduct differentiated supervision and management of venture capital funds, which is different from other private equity funds:

　　(1) Optimize the business environment of venture capital funds and simplify the registration and filing procedures;

　　(2) Differentiate supervision and management in fund raising, investment operation, risk monitoring, on-site inspection and other aspects of venture capital funds that are legally raised, invested in compliance and operated in good faith, so as to reduce the frequency of inspection;

　　(three) to provide convenience for venture capital funds mainly engaged in long-term investment, value investment and the transformation of major scientific and technological achievements in terms of investment withdrawal.

　　Thirty-eighth registration agencies in the registration, change and other aspects of venture capital funds to implement differentiated self-discipline management different from other private equity funds.

　　Chapter V Supervision and Administration

　　Article 39 The securities regulatory authority in the State Council shall supervise and manage the business activities of private equity funds and perform the following duties according to law:

　　(1) Formulating rules and regulations on the supervision and management of private equity fund business activities;

　　(2) To supervise and manage private fund managers, private fund custodians and other institutions engaged in private fund business activities, and investigate and deal with illegal acts;

　　(three) to guide, inspect and supervise the registration and self-discipline management activities;

　　(4) Other duties as prescribed by laws and administrative regulations.

　　Fortieth the State Council Securities Regulatory Authority shall have the right to take the following measures when performing its duties according to law:

　　(1) Conducting on-site inspections on private fund managers, private fund custodians and private fund service institutions, and requiring them to submit relevant business materials;

　　(two) to enter the place where the suspected illegal act occurred to investigate and collect evidence;

　　(3) Asking the parties concerned, the units and individuals related to the investigated events and asking them to explain the matters related to the investigated events;

　　(four) to consult and copy the information such as property registration and communication records related to the investigated events;

　　(five) to consult and copy the securities trading records, registration and transfer records, financial and accounting materials and other relevant documents and materials of the parties and the units and individuals related to the investigated events; Documents and materials that may be transferred, concealed or damaged may be sealed up;

　　(six) according to the law to inquire about the parties and the account information related to the event under investigation;

　　(seven) other measures stipulated by laws and administrative regulations.

　　In order to guard against the risks of private equity funds and maintain market order, the State Council securities regulatory authorities can take measures such as ordering corrections, supervising conversations and issuing warning letters.

　　Article 41 When the the State Council securities regulatory body conducts supervision, inspection or investigation according to law, there shall be no less than two supervisors or investigators, and they shall show their law enforcement certificates, supervision, inspection, investigation notices or other law enforcement documents. Business secrets and personal privacy known in supervision, inspection or investigation shall be kept confidential according to law.

　　Units and individuals under inspection and investigation shall cooperate with the supervision, inspection or investigation conducted by the securities regulatory authority in the State Council according to law, and truthfully provide relevant documents and materials, and shall not refuse, obstruct or conceal them.

　　Forty-second the State Council Securities Regulatory Authority found that private fund managers violated laws and regulations, or their internal governance structure and risk control management did not meet the requirements, it should be ordered to make corrections within a time limit; If no correction is made within the time limit, or the behavior seriously endangers the steady operation of the private fund manager and damages the legitimate rights and interests of investors, the the State Council securities regulatory authority may take the following measures according to the circumstances:

　　(a) ordered to suspend part or all of the business;

　　(2) Ordering the replacement of directors, supervisors, senior managers, executive partners or appointing representatives, or restricting their rights;

　　(3) Ordering the responsible shareholders to transfer their shares and the responsible partners to transfer their shares of property, and restricting the responsible shareholders or partners from exercising their rights;

　　(4) Ordering the private equity fund manager to hire or designate a third party institution to audit the private equity fund property, and the relevant expenses shall be borne by the private equity fund manager.

　　Where a private fund manager operates illegally or has serious risks, which seriously jeopardizes the market order and damages the interests of investors, the the State Council Securities Regulatory Authority may, in addition to taking the measures specified in the preceding paragraph, take measures such as designating other institutions to take over the private fund manager and notifying the registration and filing institution to cancel the registration.

　　Article 43 The securities regulatory authority in the State Council shall record the credit information of private fund managers, private fund custodians, private fund service institutions and their employees in the credit database of the capital market and the national credit information sharing platform. The State Council Securities Regulatory Authority shall, jointly with relevant departments of the State Council, establish and improve the joint disciplinary system for private fund managers and relevant responsible subjects for dishonesty according to law.

　　The State Council Securities Regulatory Authority shall establish a cooperative mechanism for information sharing, statistical data submission and risk disposal of private equity fund supervision and management in conjunction with other financial management departments and other relevant departments of the State Council and the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government. In the process of dealing with risks, the relevant local people’s governments should take effective measures to maintain social stability.

　　Chapter VI Legal Liability

　　Article 44. Those who use the words "fund" or "fund management" or similar names to carry out investment activities without going through the registration formalities in accordance with Article 10 of these regulations shall be ordered to make corrections, their illegal income shall be confiscated, and a fine of more than 1 time but less than 5 times of their illegal income shall be imposed; If there is no illegal income or the illegal income is less than 1 million yuan, a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 300,000 yuan.

　　Article 45 If the shareholders, actual controllers and partners of a private equity fund manager violate the provisions of Article 12 of these Regulations, they shall be ordered to make corrections, given a warning or informed criticism, their illegal income shall be confiscated, and they shall be fined between 1 and 5 times their illegal income; If there is no illegal income or the illegal income is less than 1 million yuan, a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Forty-sixth private fund managers who violate the provisions of Article thirteenth of these regulations shall be ordered to make corrections; Refuses to correct, give a warning or informed criticism, and impose a fine of more than 100,000 yuan and less than 1 million yuan, and order it to stop the business activities of private equity funds and make an announcement. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 47 If a custodian of a private equity fund fails to establish a business isolation mechanism in violation of the provisions of the second paragraph of Article 16 of these Regulations, it shall be ordered to make corrections, given a warning or informed criticism, and be fined between 50,000 yuan and 500,000 yuan. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Forty-eighth in violation of the provisions of Article 17, Article 18 and Article 20 of these regulations on the management and raising methods of qualified investors in private equity funds, the illegal income shall be confiscated and a fine of not less than 1 time but not more than 5 times the illegal income shall be imposed; If there is no illegal income or the illegal income is less than 1 million yuan, a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 300,000 yuan.

　　Article 49 Anyone who, in violation of the provisions of Article 19 of these regulations, fails to fully disclose the investment risks to investors and misleads them to invest in private equity fund products that do not match their risk identification ability and risk-taking ability shall be given a warning or informed criticism, and be fined between 100,000 yuan and 300,000 yuan; If the circumstances are serious, it shall be ordered to stop the private equity fund business activities and make an announcement. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 100,000 yuan.

　　Fiftieth in violation of the provisions of the first paragraph of Article 22 of these regulations, the private equity fund manager fails to put on record the raised private equity fund, and shall be fined from 100,000 yuan to 300,000 yuan. Give a warning to the directly responsible person in charge and other directly responsible personnel and impose a fine of not less than 30,000 yuan but not more than 100,000 yuan.

　　Article 51 Anyone who, in violation of the provisions of the second paragraph of Article 24 of these Regulations, uses the property of private equity funds for business or disguised business such as fund lending and loans, or asks the local people’s government to promise to buy back the principal, shall be ordered to make corrections, given a warning or informed criticism, his illegal income shall be confiscated, and he shall also be fined not less than 100,000 yuan but not more than 1 million yuan. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 52 In violation of the provisions of Article 26 of these Regulations, if a private fund manager fails to employ senior managers with corresponding experience to take charge of investment management, risk control and compliance, or fails to establish a management system for employees’ investment declaration, registration, review and disposal, he shall be ordered to make corrections, be given a warning or informed criticism, and be fined not less than 100,000 yuan but not more than 1 million yuan. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 53 If a private fund manager, in violation of Article 27 of these regulations, entrusts others to perform investment management duties, or entrusts an institution that does not conform to the provisions of the Securities Investment Fund Law to provide securities investment advice services, he shall be ordered to make corrections, given a warning or informed criticism, his illegal income shall be confiscated, and he shall be fined not less than 100,000 yuan but not more than 1 million yuan. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 54 In violation of the provisions of Article 28 of these regulations, private fund managers who engage in related party transactions shall be ordered to make corrections, given a warning or informed criticism, their illegal income shall be confiscated, and a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 55 Private fund managers, private fund custodians and their employees who commit any of the acts listed in Article 30 of these Regulations shall be ordered to make corrections, given a warning or informed criticism, their illegal income shall be confiscated, and they shall be fined between 1 and 5 times of their illegal income; If there is no illegal income or the illegal income is less than 1 million yuan, a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 56 Private fund managers, private fund custodians and their employees who fail to provide and submit relevant information in accordance with the provisions of these Regulations, or commit one of the acts listed in Article 32 of these Regulations, shall be ordered to make corrections, given a warning or informed criticism, their illegal income shall be confiscated, and a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 57 If a private equity fund service institution and its employees violate the provisions of laws and administrative regulations and fail to perform their duties diligently, they shall be ordered to make corrections, be given a warning or informed criticism, and be fined between 100,000 yuan and 300,000 yuan; If the circumstances are serious, it shall be ordered to stop the private equity fund service business. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 100,000 yuan.

　　Article 58 If private fund managers, private fund custodians, private fund service institutions and their employees violate these Regulations or the relevant provisions of the State Council Securities Regulatory Authority, and the circumstances are serious, the State Council Securities Regulatory Authority may take measures to prohibit the relevant responsible persons from entering the securities and futures market.

　　Refuse or hinder the the State Council securities regulatory agency and its staff from exercising their powers of supervision, inspection and investigation according to law, and the the State Council securities regulatory agency shall order them to make corrections and impose a fine of more than 100,000 yuan and less than 1 million yuan; If it constitutes a violation of public security administration, it shall be punished by the public security organ according to law; If a crime is constituted, criminal responsibility shall be investigated according to law.

　　Article 59 Any staff member of the the State Council securities regulatory agency or the registration and filing agency who neglects his duty, abuses his power, engages in malpractices for personal gain or takes advantage of his position to ask for or accept other people’s property shall be punished according to law; If a crime is constituted, criminal responsibility shall be investigated according to law.

　　Article 60 If anyone violates the provisions of these Regulations and the fund contract, he shall bear civil liability for compensation, pay a fine and confiscate his illegal income according to law, and his property is not enough to pay at the same time, he shall bear civil liability first.

　　Chapter VII Supplementary Provisions

　　Article 61 Measures for the administration of managers of foreign-invested private equity funds shall be formulated by the the State Council Securities Regulatory Authority in conjunction with relevant departments of the State Council in accordance with foreign investment laws, administrative regulations and these Regulations.

　　Overseas institutions may not directly raise funds from domestic investors to set up private equity funds, except as otherwise provided by the state.

　　Private fund managers shall comply with the relevant provisions of the state when conducting private fund business activities abroad.

　　Article 62 These Regulations shall come into force as of September 1, 2023.

　　Science and Technology Daily, Beijing, April 28th (Intern reporter Zhang Jiaxin) According to a recent study published in the journal PLoS Medicine, no matter which biological parent has Ι Type 2 diabetes, children’s cognitive development may be affected. This study shows for the first time that parents have Ι Chronic diseases such as type 2 diabetes may be related to children’s poor academic performance, rather than to the mother’s hyperglycemia during fetal development.

　　Researchers at the University Hospital of Copenhagen, Denmark, obtained 622,073 students from public schools. The achievement data of 18-year-old children in seven years, including their math test scores in grades 3 and 6, and their reading scores in grades 2, 4, 6 and 8. Among the mothers of these children, 2,144 have Ι Type 2 diabetes; Among the fathers, 3474 had Ι Type 2 diabetes. In addition, there are 616,455 children from the background population (used to calculate the statistical average of all people). The study found that mother and father suffered from Ι The average scores of children with type 2 diabetes are 54.2 and 54.4, respectively, while the average score of children with background population is 56.4.

　　The research team concluded that if parents suffer from serious chronic diseases such as diabetes, it may affect their children’s academic performance.

　　This study is of great significance to the observation that pregnant mothers have Ι Different explanations are put forward for the adverse effects of type 2 diabetes on children’s cognitive development. Previously, the effects of gestational diabetes mellitus on their children’s cognitive function have been widely studied. If the maternal glucose is delivered to the fetus through the placenta, it will affect its development and brain development in infancy. There is little evidence that different subtypes of diabetes and fathers have Ι Influence of type 2 diabetes on children.

　　The researchers said that research on 622,073 children has proved that either parent has Ι Type 2 diabetes is associated with children’s low test scores.

　　CCTV News:According to the website of the National Bureau of Statistics, 1-mdash; In February, the added value of industrial enterprises above designated size actually increased by 2.4% year-on-year. From the ring comparison, in February, the added value of industrial enterprises above designated size increased by 0.12% compared with the previous month.

　　Divided into three categories, 1-mdash; In February, the added value of the mining industry increased by 4.7% year-on-year, the manufacturing industry increased by 2.1%, and the electricity, heat, gas and water production and supply industries increased by 2.4%.

　　By economic type, 1-mdash; In February, the added value of state-owned holding enterprises increased by 2.7% year-on-year; Joint-stock enterprises increased by 4.3%, while foreign and Hong Kong, Macao and Taiwan invested enterprises decreased by 5.2%; Private enterprises increased by 2.0%.

　　By industry, 1-mdash; In February, the added value of 22 of the 41 major industries maintained a year-on-year growth. Among them, coal mining and washing industry increased by 5.0%, oil and natural gas mining industry increased by 4.2%, agricultural and sideline food processing industry increased by 0.3%, wine, beverage and refined tea manufacturing industry decreased by 0.3%, textile industry decreased by 3.5%, chemical raw materials and chemical products manufacturing industry increased by 7.8%, nonmetallic mineral products industry increased by 0.7%, ferrous metal smelting and calendering industry increased by 5.9%, and nonferrous metal smelting and calendering industry increased by 6.7%. General equipment manufacturing decreased by 1.3%, special equipment manufacturing increased by 3.9%, automobile manufacturing decreased by 1.0%, railway, ship, aerospace and other transportation equipment manufacturing increased by 9.7%, electrical machinery and equipment manufacturing increased by 13.9%, computer, communication and other electronic equipment manufacturing decreased by 2.6%, and power and heat production and supply industries increased by 2.3%.

　　By product, 1— In February, the output of 269 products out of 620 products increased year-on-year. 206.23 million tons of steel, up 3.6% year-on-year; 198.55 million tons of cement, down by 0.6%; Ten kinds of nonferrous metals reached 11.92 million tons, an increase of 9.8%; 5.08 million tons of ethylene, down 1.7%; There were 3.653 million vehicles, down by 14.0%, including 970,000 new energy vehicles, up by 16.3%; Power generation was 1,349.7 billion kWh, an increase of 0.7%; The processing volume of crude oil was 116.07 million tons, an increase of 3.3%.

　　1— In February, the product sales rate of industrial enterprises was 95.8%, down 1.7 percentage points year-on-year; Export delivery value of industrial enterprises reached 2,161.4 billion yuan, a nominal decrease of 4.9% year on year.

　　 (Liu Changlin, Wu Maohui) A vegetable wholesale market in Hainan has been the only one for 16 years, and many problems have contributed to the increase in vegetable prices. However, the competent government department can only impose a fine on this vegetable market that should have been closed down, on the grounds that "body double" cannot be found. If it is forcibly closed, the price of vegetables will be even more uncontrollable. Recently, the strange things that happened in Hainan because of high-priced dishes made people think.

　　Although Hainan is known as the "South Vegetable Garden" in China, the data of the price department show that the price of vegetables in Hainan has remained at a high level in the country in recent years. Why has the abnormally high vegetable price become a local "old problem" of people’s livelihood?

　　In the past 16 years, a special investigation has uncovered the shady scene of "food tyrants"

　　50 yuan, which has the highest per catty of vegetables, has a minimum of more than 10 yuan; "I only eat meat during the Spring Festival, not willful, because I can’t afford to eat vegetables!" On the eve of the Spring Festival in the Year of the Monkey, the price of vegetables in Hainan soared. Hainan Province urgently set up a task force and dispatched more than 300 industrial and commercial personnel to conduct a survey on the only vegetable wholesale market in the province — — Investigation on the vegetable wholesale market in Haikou North and South.

　　It is such a market, and the market share of vegetable wholesale transactions accounts for more than 75% of Hainan Province.

　　It is understood that Haikou Nanbei Vegetable Wholesale Market was built and put into use in 2001. Although there are more than 300 stalls in the market, there are only 49 large stalls that can operate vegetables from other provinces, which are operated by 33 first-class wholesalers. All vegetables from other provinces operated by other vegetable operators in Hainan Island must be purchased from these stalls.

　　With the deepening of the investigation by the task force, the problems in this market were uncovered one by one.

　　— — Shortage of Jin and Liang. Some first-class wholesalers have weighed and priced packaging skins and vegetables together for a long time. Each box of vegetables is sold to a second-class wholesaler with an extra weight of 4-8 kilograms of ice bottles according to the price of vegetables. The cost borne by the latter for this purpose is passed on layer by layer, and finally borne by consumers.

　　— — Drive up prices. According to the survey of the industrial and commercial department, since January 2016, some wholesalers have seen a significant increase in net profit rate in the process of operating vegetable wholesale, compared with the average profit in 2015, and the operating cost has not changed significantly, and some have actually increased by more than 27 times in a single day, which has constituted an illegal act of driving up prices.

　　— — Restrict competition. Internally, the market’s promoters limited the vegetable varieties operated by each stall by signing a lease contract, defined the business scope, restricted the competition between them and solidified the interest community. Externally, the market squeezed out competitors by unfair means.

　　— — Illegal charges. Since June 2015, market start-up companies have taken advantage of their dominant market share, and without the approval of relevant functional departments, they are required to uniformly register and license tricycles entering the market and collect management fees, including 250 yuan for each human tricycles and 400 yuan for each electric tricycle.

　　— — Financial chaos. In the course of operation, the financial management of market-started companies is chaotic, and the operating income and expenditure are not recorded truthfully according to law. For 16 years, market promoters and wholesalers at all levels have not established standard ledgers. All fund transactions between wholesalers and between wholesalers and market promoters are directly packaged and paid in cash, and are not recorded. State subsidies and various charging items for various stalls in the market have not been recorded.

　　In view of the problems existing in the vegetable wholesale market in North and South China, the industrial and commercial departments claimed that "the management of the vegetable wholesale market was chaotic, which increased the burden on wholesale retailers and became one of the important reasons for the increase in vegetable prices", and on the eve of "March 15th", the market promoters and 33 wholesalers were fined 3,033,150 yuan and 8,282,900 yuan respectively.

　　The price of vegetables leads to the "long-standing problem" of people’s livelihood, and the "South Vegetable Garden" exposes the contradiction between supply and demand.

　　Hainan is known as the "South Vegetable Garden" in China, but why are there many contradictions between supply and demand in vegetables? According to the reporter’s investigation, the self-sufficiency rate of local vegetables in off-season is only about 40%, and the self-sufficiency rate in peak season is only about 60%. Secondly, due to its unique climatic conditions, the cost of leafy vegetables planting in Hainan is high, and agricultural enterprises and farmers choose to plant melons and vegetables more, and a large number of leafy vegetables need to be supplemented from outside the island. Every year, Hainan imports about 800,000 tons of vegetables from outside the island, accounting for 47% of the province’s annual vegetable consumption.

　　"Local vegetables have serious seasonal and structural defects." Li Longsheng, deputy director of the Department of Commerce of Hainan Province, said that in 2012, the provincial government signed a letter of responsibility with the mayors of 18 cities (counties) in the province, and decomposed the construction target of 138,000 mu of perennial vegetable bases into cities and counties. After this goal is achieved, the self-sufficiency rate of vegetables in the island will reach 70%, but according to the actual situation, all cities and counties are not fully planted.

　　From the demand point of view, the demand for vegetables by permanent residents in Hainan is basically stable. However, in the winter tourist season, tens of millions of tourists and millions of "migratory birds" flock to Hainan, which makes the demand for vegetables in Hainan increase sharply in a short period of time, resulting in large fluctuations in vegetable prices.

　　From the intermediate circulation link, in addition to the wholesale link, the defect of market construction at the retail end is also an important reason for the high price of vegetables. At the end of last year, Haikou established the first state-owned public welfare vegetable basket company. Fu Mingquan, chairman of the company, said: "The spatial layout of retail outlets is unreasonable, and the inconsistency between the total number of outlets and the size of the city and population is the end problem." According to him, of the 78 farmers’ markets in Haikou, only 9 are state-owned and the rest are private.

　　"On the one hand, the demand has increased greatly. On the other hand, the supply on the island is seriously insufficient. The wholesale of vegetables entering the island is monopolized by a private enterprise market. Coupled with poor supervision, can the price of vegetables be low?" Huang Lang, member of the Hainan Provincial Political Consultative Conference and secretary general of the Provincial Federation of Industry and Commerce, said.

　　Investigating and dealing with enterprises can’t end, but the "tangible hand" should play a role.

　　A fine of more than 10 million yuan for market promoters and stalls involved in the case can’t make things come to an end. Kai chen said that if the law is to be strictly enforced, its business license should be revoked and the stalls involved should be sealed up. However, the vegetable wholesale market in the province is the only one, and it is closed today. Where will citizens buy food tomorrow?

　　"It has been almost 30 years since Hainan established a provincial special economic zone. There are many high-rise buildings and halls, but the vegetable wholesale market, which is the most basic of people’s livelihood, has been the same for many years." Kai chen, director of the Hainan Provincial Administration for Industry and Commerce, said, "Should we reflect on the problems in the construction of vegetable baskets?"

　　"Heavy punishment is only the beginning of reducing the price of vegetables in Hainan". Experts believe that it is more critical to strengthen the construction of Hainan’s "vegetable basket" project, strive to expand the effective supply of the vegetable market, establish a more adequate competition mechanism in the vegetable market, and rationalize the circulation system of the vegetable market inside and outside the island.

　　Li Guoxiang, a researcher at the Institute of Rural Development of China Academy of Social Sciences, believes that Hainan should not only consider setting up production bases in other provinces and directly establishing production and marketing docking channels, but also maximize and ensure production locally. Farmers themselves should grow high-quality vegetables through land circulation and scale operation, and their production and sales should be guaranteed by the government and the market.

　　Li Guoxiang suggested that for basic vegetables, especially those whose demand by local residents in Hainan is relatively stable, the government should calm down the price fluctuation through market insurance, and protect farmers’ income through policy insurance.

　　Zhang Kongxiang, an associate professor at the School of Politics and Public Administration of Hainan University, suggested that the vegetable issue is related to people’s livelihood. If the county magistrate responsibility system of vegetable basket city is to be implemented, it is necessary to strengthen the assessment and accountability in this regard.

　　In the field of circulation, experts suggest that the public welfare market should be rationally laid out, sales outlets should be increased, and green channels for vegetables from outside the island should be opened to reduce the transportation and circulation costs of foreign vegetables. At the same time, build or transform one or two large-scale public welfare agricultural and sideline products wholesale markets led by the government, and reverse the status quo of monopoly as soon as possible. "Public welfare state-owned enterprises should bear corresponding responsibilities in this respect, especially when the contradiction between supply and demand of vegetables in the market is out of line and the price fluctuates greatly." Fu Mingquan said.

　　Xinhua News Agency, Haikou, March 28th

Special topic: China farmers’ reform set sail again.

　　　　From the historic decision of reform and opening up made by the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China to the adoption of "the Central Committee of the Communist Party of China’s Decision on Several Major Issues in Promoting Rural Reform and Development" by the Third Plenary Session of the Seventeenth Central Committee of the Communist Party of China, China’s rural reform and development has gone through a process of continuous deepening and continuous advancement for 30 years. Reviewing the course of rural reform and development, especially grasping the basic value orientation and practical trend of rural reform and development, will not only help us truly understand the pulse of the vast rural areas, but also help us deeply understand the strategic deployment of the Third Plenary Session of the Seventeenth Central Committee to further promote rural reform and development.

　　Marketization stimulates the vitality of rural economy with economic system reform

　　　　Before the reform and opening-up, the rural areas implemented a planned economic system with the integration of politics and society. The rural economy lacked vitality, production efficiency was low, and farmers’ lives were very difficult. The rural reform started from breaking the planned economic system. By abolishing the people’s commune, establishing a two-tier management system based on household contract management, stabilizing and improving the land contract relationship, and fully liberalizing the agricultural product market, a market-oriented reform has been embarked on.

　　　　First, establish and improve the two-tier management system. First of all, the implementation of "household production quotas", the establishment of family management forms, the formation of self-operated farmers, changing the previous single production model into a two-tier management system combining unification and separation, and quickly liberating rural productivity. Since then, with the sudden emergence of township enterprises and the extensive establishment of various farmers’ professional cooperative organizations, the rural collective economy in various forms has become increasingly energetic in the fight of market economy. To this end, the Third Plenary Session of the Seventeenth Central Committee pointed out that the two-tier management system based on household contract management and combining unification and separation is a basic rural management system that adapts to the socialist market economic system and conforms to the characteristics of agricultural production. It is the cornerstone of the party’s rural policy and must be unswervingly adhered to. At the same time, the plenary session further clarified the development direction of the rural two-tier management system, that is, family management should change to the direction of adopting advanced technology and production means, and strive to improve the level of intensification; Unified management should change to the direction of developing farmers’ union and cooperation and forming a diversified, multi-level and multi-form management service system, and strive to improve the degree of organization.

　　　　The second is to establish and guarantee farmers’ right to contract and manage basic means of production such as land. The term of farmers’ land contracting right was 15 years at first, and then extended for 30 years. The Third Plenary Session of the 17th Central Committee clearly stated that "the existing land in contract relationship should be stable and unchanged for a long time". At the same time, the plenary session proposed to improve the power of land contractual management rights and protect farmers’ rights of possession, use and income of contracted land according to law; In accordance with the principle of voluntary compensation according to law, farmers are allowed to transfer the contracted management right of land in the form of subcontracting, leasing, exchange, transfer and joint-stock cooperation, and develop various forms of moderate scale operation. This has further laid a foundation for improving the two-tier management system in rural areas. In addition, the reform of collective forest right system will be carried out, and the management right of collective forest land will be contracted to farmers for 70 years; The water surface, grassland, orchards and beaches in rural areas have also been contracted by farmers for a long time, which has created preconditions for improving the micro-subject of rural economy.

　　　　The third is to reform and improve the circulation system of agricultural products. First, the system of unified distribution and purchase of agricultural products was abolished, and the main agricultural products were ordered by contract, while most other agricultural products were freely circulated by the market. Since then, the main agricultural products such as grain have been purchased at protective prices, the selling price has been raised, and the management of purchasing and selling channels has been strengthened. After the 14th National Congress proposed the establishment of a socialist market economic system, the pace of the construction of agricultural products market system was accelerated. After joining the WTO, China’s agricultural products compete directly with overseas agricultural products in accordance with internationally accepted rules and standards. After the implementation of direct grain subsidy in 2004, the grain market was fully liberalized, and farmers had more adequate agricultural product marketing rights and agricultural management rights. It is worth noting that with the changes in the international relationship between grain supply and demand and the prominent contradiction between grain supply and demand, and the rising prices of domestic agricultural means of production have affected farmers’ enthusiasm for growing grain, it has become an extremely important practical task to ensure China’s food security and the balance between supply and demand of major agricultural products. To this end, the Third Plenary Session of the Seventeenth Central Committee proposed to improve the dynamic adjustment mechanism of comprehensive agricultural subsidies linked to the price increase of agricultural means of production; Improve the agricultural product price protection system, improve the agricultural product market regulation system, and maintain a reasonable level of agricultural product prices; Improve the price formation mechanism of major agricultural products such as grain, straighten out the price comparison relationship, and give full play to the role of market prices in promoting production and income. This shows that we should continue to play the role of the law of value and promote farmers to increase production and income by improving the market economic system.

　　Modernization bases the national food security on the solid foundation of agricultural modernization.

　　　　The reform of rural production relations has liberated the human factor in productive forces and promoted the great improvement of agricultural production and supply capacity. However, in order to continue to strengthen and stabilize the supply capacity of agricultural production, we must also strengthen the construction of the material foundation of agricultural productivity. Therefore, in the process of rural reform and development, the central government has always paid attention to agricultural modernization and carried out a series of material inputs, institutional improvements, institutional arrangements and policy designs. The 17th National Congress of the Communist Party of China clearly proposed to take the road of agricultural modernization with China characteristics. The Third Plenary Session of the 17th CPC Central Committee took the road of agricultural modernization with China characteristics as the basic direction to promote rural reform and development under the new situation.

　　　　Constantly promote the modernization of agricultural production conditions. Since the reform and opening up, the central government’s decisions, opinions and outlines related to agriculture have emphasized the strengthening of agricultural infrastructure construction such as farmland water conservancy. Since the promotion of new rural construction, the rural capital construction has been expanded, and the infrastructure of rural industries, rural villages, rural infrastructure and ecological environment management have been integrated, and the construction has been strengthened as a whole. Agricultural infrastructure is an important material condition for modern agriculture, and the Third Plenary Session of the Seventeenth Central Committee continued to emphasize the strengthening of agricultural infrastructure construction.

　　　　Constantly improve the level of developing agriculture through science and education. Since the reform and opening up, we have continuously strengthened the work of rejuvenating agriculture through science and education by increasing investment in agricultural science and technology, concentrating on tackling major agricultural science and technology problems, encouraging and supporting agricultural science and technology innovation and transformation of achievements, popularizing scientific cultivation and breeding, and strengthening professional and technical training for farmers. The basic support of modern agriculture lies in science and technology, and the fundamental way out for agricultural development lies in scientific and technological progress. To this end, the Third Plenary Session of the Seventeenth Central Committee emphasized the acceleration of agricultural science and technology innovation, and constantly promoted the integration of agricultural technology, the mechanization of labor process, and the informationization of production and operation.

　　　　Continuously optimize the structure and layout of agriculture and rural industries. As early as the mid-1990s, the central government proposed to develop "two high and one excellent" agriculture and sustainable development agriculture, and strive to build modern agriculture and rural industrial structure; And constantly optimize the regional layout of modern agriculture, emphasizing the strengthening of the construction of major grain and cotton producing areas, and developing and building industrial belts of superior agricultural products and characteristic agricultural products producing areas. The Third Plenary Session of the Seventeenth Central Committee continued to emphasize the promotion of strategic adjustment of agricultural structure, taking market demand as the guide, scientific and technological innovation as the means and quality and efficiency as the goal, and building a modern agricultural industrial system; Do a good job in industrial layout planning, scientifically determine the key points of regional agricultural development, form an industrial belt with outstanding advantages and distinctive characteristics, and guide the construction of processing, circulation, storage and transportation facilities to gather in advantageous production areas.

　　　　Constantly promote the modernization of agricultural products. The foothold of agricultural modernization lies in the modernization of agricultural products, that is, agricultural products should have modern standards, quality and form, and can meet the needs of modern consumption. Since joining the WTO, China has actively promoted the construction of agricultural production and product standardization system, emphasized the development of pollution-free, green and organic food, and put quality and safety in the first place in the construction of agricultural products. The Third Plenary Session of the Seventeenth Central Committee continued to emphasize the strengthening of agricultural standardization and the quality and safety of agricultural products to prevent unqualified products from entering the market.

　　　　We will continue to promote the construction of agricultural and rural service systems. Modern agriculture is not a small-scale peasant economy, but a socialized large-scale production. It is an inevitable requirement for the development of modern agriculture to build a comprehensive, convenient and efficient socialized service system covering the whole process. Over the years, China has actively built a socialized service system for agriculture and rural economy based on public service institutions, cooperative economic organizations, leading enterprises as the backbone, supplemented by other social forces, combining public welfare services with operational services, and coordinating special services with comprehensive services, and achieved remarkable results. The establishment of a modern rural financial system proposed by the Third Plenary Session of the Seventeenth Central Committee will strongly promote the process of agricultural and rural economic modernization.

　　Democratization respects farmers’ dominant position and protects farmers’ rights and interests.

　　　　Thirty years ago, 18 villagers in Xiaogang Village, Fengyang, Anhui Province took the lead in implementing the "big contract" and took the first step in China’s rural reform. In the past 30 years, respecting farmers’ dominant position, giving full play to farmers’ initiative spirit and safeguarding farmers’ rights and interests have formed a main line of rural reform and development.

　　　　Economic democracy is the foundation of political democracy. The rural reform has established a two-tier management system based on household contract management and the combination of unified management and separate management, and determined farmers’ long-term contract rights for land and independent marketing rights for agricultural products such as grain. In fact, it has established farmers’ dominant position in the market economy and really started farmers’ independent consciousness and initiative. This is also the fundamental embodiment of rural economic democracy. Over the years, by constantly rationalizing the price system of agricultural products, implementing tax reform and abolishing agricultural tax, establishing various subsidy systems and directly subsidizing farmers, the material interests of farmers have been further safeguarded, their economic rights and interests have been guaranteed, and their enthusiasm for production and operation has been further mobilized.

　　　　After the abolition of people’s communes, rural grassroots governments were established. Since then, in order to ensure the villagers’ autonomy, let the villagers handle their own affairs according to law, and develop rural grassroots democracy, China has promulgated and implemented the Organic Law of Villagers’ Committees. According to this law, the villagers’ committee is a grass-roots mass self-governing organization for villagers’ self-management, self-education and self-service, which implements democratic election, democratic decision-making, democratic management and democratic supervision. The Party’s grass-roots organizations in rural areas play a leading role, and support and guarantee villagers to carry out autonomous activities and directly exercise democratic rights. At present, the grass-roots mass autonomy system, including villagers’ autonomy, has become one of the basic democratic political systems in China. The system of villagers’ self-government fully demonstrates farmers’ political dominant position in rural areas and effectively protects farmers’ political rights and interests. The Third Plenary Session of the Seventeenth Central Committee proposed to expand the scope of villagers’ self-government, expand the proportion of farmers in county and township people’s congresses, and improve the township governance mechanism that is compatible with the continuous improvement of farmers’ enthusiasm for political participation, which injected new vitality into rural democratic political construction.

　　　　In recent years, the central government has actively promoted the equalization of basic public services, and public finances have continuously increased investment in various social undertakings in rural areas, which has more and more effectively guaranteed the cultural rights and social rights of farmers. The Third Plenary Session of the Seventeenth Central Committee proposed to expand the coverage of public finance in rural areas and develop rural public utilities, so that the broad masses of farmers can learn to be educated, earn income from their work, get medical care for their illness, provide for their old age and live and live, which shows a bright future for the all-round progress of rural society.

　　Integration breaks the dual structure of urban and rural areas and promotes the integration of urban and rural economic and social development.

　　　　Associated with the planned economic system is the dual social structure and governance mode of urban-rural division. In the early stage of industrialization and urbanization, agriculture and rural areas paid a huge price for the development of industry and cities, and also widened the gap between urban and rural areas. Under the condition of market economy, factors of production flow to departments and regions with high productivity and high returns, which further widens the gap between urban and rural areas and between developed and underdeveloped areas. Entering the new stage of the new century, China has generally entered the development stage of promoting agriculture by industry and bringing rural areas by cities. To solve the problem of agriculture, rural areas and farmers, we must jump out of the mindset of focusing on agriculture, rural areas and farmers. The Central Committee of the Communist Party of China put forward Scientific Outlook on Development, taking the overall planning of urban and rural development as the top priority. The 17th National Congress clearly put forward the important idea of forming a new pattern of urban and rural economic and social development integration, and the Third Plenary Session of the 17th Central Committee took accelerating the formation of a new pattern of urban and rural economic and social development integration as the fundamental requirement for promoting rural reform and development under the new situation. It can be said that breaking the dual structure of urban and rural areas and promoting the economic and social integration of urban and rural areas constitute a new starting point for the construction of rural policy system in the new period and a new orientation for rural reform and development.

　　　　To promote the integration of urban and rural economy and society, the general reform orientation is to promote the balanced allocation of public resources and the free flow of production factors between urban and rural areas, and to promote the integration of urban and rural economic and social development. This involves a series of institutional measures, mainly including: coordinating land use and urban and rural planning, rationally arranging the spatial layout of urban construction, farmland protection, industrial agglomeration, village distribution and ecological conservation in cities and counties; Coordinate urban and rural industrial development, optimize rural industrial structure, develop rural service industry and township enterprises, and guide urban capital, technology, talents, management and other production factors to flow to rural areas; Coordinate urban and rural infrastructure construction and public services, comprehensively improve the level of financial security for rural public utilities, and gradually establish a unified urban and rural public service system; Coordinate urban and rural employment, accelerate the establishment of a unified human resources market in urban and rural areas, and strengthen the protection of migrant workers’ rights and interests; Coordinate urban and rural social management, promote the reform of household registration system, relax the conditions for small and medium-sized cities to settle down, and promote the innovation of floating population service and management system; Expand the autonomy of county development, enhance the vitality and strength of county economy, and promote the financial system reform of the county (city) directly under the provincial government; Adhere to the road of urbanization with China characteristics, promote the coordinated development of large, medium and small cities and small towns, and form a mechanism for urbanization and new rural construction to promote each other.

　　　　Since the 16th National Congress of the Communist Party of China, the central government has proposed and emphasized vigorously developing the county economy, which is also an important step in the construction of urban-rural integration. Counties are also cities and townships, which is actually the concept of a big rural area. Operating according to the county scope is conducive to continuing to promote the integration of in township and town and villages, establishing a big village system and other related reforms, providing space for the innovation of modern agriculture and rural management system, and creating necessary conditions for coordinating urban and rural economic and social development and promoting urban-rural integration.

　　Scientifically directing the construction of new socialist countryside with Scientific Outlook on Development.

　　　　In the past 30 years, rural reform has been full of practical innovation, theoretical innovation, institutional innovation, organizational innovation and institutional innovation. In the final analysis, it is to push the vast rural areas onto the road of scientific development and build a new socialist countryside with Scientific Outlook on Development as the leader. The Third Plenary Session of the Seventeenth Central Committee regards building a new socialist countryside as a strategic task to promote rural reform and development under the new situation.

　　　　Scientific Outlook on Development, the first priority is development. To build a new countryside, we must highlight the theme of development, consolidate and strengthen the position of agriculture as the foundation, always take solving the problem of feeding more than one billion people as the top priority of governing the country and safeguarding the country, and constantly liberate and develop rural social productive forces. We will increase support and protection for agriculture, implement the strategy of rejuvenating agriculture through science and education, speed up the construction of modern agriculture, realize the all-round and stable development of agriculture, and lay a solid foundation for promoting economic development, promoting social harmony and safeguarding national security. Always regard reform and innovation as the fundamental driving force for rural development, persistently promote rural reform and system innovation, improve the rural economic system that meets the requirements of the socialist market economy, and make rural economic and social development full of vitality.

　　　　People-oriented is the core of Scientific Outlook on Development, which emphasizes the realization, maintenance and development of the fundamental interests of the people, the dominant position and role of the people, and the promotion of people’s all-round development. Building a new countryside depends on farmers and needs to cultivate new farmers. We should always take the realization, maintenance and development of the fundamental interests of farmers as the starting point and the end result of all rural work, focus on solving the most direct and realistic interests of farmers, safeguard their political, economic, cultural and social rights and interests, improve their comprehensive quality, promote their all-round development, give full play to their main role and initiative, and rely on hundreds of millions of farmers to build a new socialist countryside.

　　　　All-round, coordinated and sustainable development is the basic requirement of Scientific Outlook on Development. Building a new countryside, including production development, affluent life, civilized rural customs, clean village appearance, democratic management and other aspects, requires coordinated promotion of rural economic construction, political construction, cultural construction, social construction and party building, and through active development of conservation-oriented agriculture, circular agriculture and ecological agriculture, the rural ecological environment is protected and the sustainable development of agriculture is promoted. According to the deployment of the Third Plenary Session of the Seventeenth Central Committee, we should comprehensively and systematically promote the construction of new countryside, strive to make the rural economic system more sound, make remarkable progress in the construction of modern agriculture, greatly improve the consumption level of farmers, further strengthen the construction of rural grassroots organizations, and basically form a resource-saving and environment-friendly agricultural production system.

　　　　Scientific Outlook on Development takes overall consideration as the fundamental method. To build a new countryside, we must coordinate urban and rural economic and social development and focus on building a new type of relationship between workers, peasants and urban and rural areas. It is necessary to coordinate industrialization, urbanization and agricultural modernization, speed up the establishment and improvement of a long-term mechanism to promote agriculture through industry and bring rural areas through cities, consolidate and improve the policy of strengthening agriculture and benefiting farmers, focus on the development of infrastructure and social undertakings in rural areas, promote the equalization of basic public services in urban and rural areas, and enable farmers to participate in the modernization process and share the fruits of reform and development on an equal footing.

Editor: Liu Li

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The appearance design of Xingyue L is very individual. The front face adopts a large-size air intake grille with exquisite chrome trim, showing a stable atmosphere. The body lines are smooth, the side contours are muscular, and the overall shape is full of strength. The tail design is simple and stylish, and the LED taillights are unique in shape and more recognizable when driving at night.

Xingyue L has a length, width and height of 4770*1895*1689mm and a wheelbase of 2845mm, providing passengers with spacious seating space. The side lines of the car body are smooth and full of tension. With 245/45 R20 tires and unique rim design, it shows a dynamic and fashionable style.

The interior design of Xingyue L is simple and luxurious, with a large area of leather wrap and leather-like seats to create a comfortable and high-end driving environment. The steering wheel is made of leather, which supports manual adjustment up and down and back and forth, providing a good grip and adaptability. The center console is equipped with a 12.3-inch large screen, which integrates the control functions of multimedia system, navigation, telephone, air conditioning and skylight, and can be easily controlled through advanced voice recognition system. In addition, there are a large number of USB and Type-C interfaces in the car, with two in the front and rear rows, which is convenient for passengers to charge at any time. The front seats of Xingyue L also have heating, ventilation and massage functions, and the driver’s seat is also equipped with headrest speakers, which improves the driving experience. The co-pilot seat also supports manual adjustment to ensure passenger comfort. The second row of seats has backrest adjustment function, and the sitting posture can be adjusted as needed. In addition, the rear seats support proportional reclining, providing flexible space layout.

Xingyue L is equipped with a powerful 2.0T engine with a maximum power of 175kW and a maximum torque of 350N·m, which makes the vehicle full of power and quick response. With an 8-speed automatic manual transmission, Xingyue L is not only comfortable in urban roads, but also shows excellent driving performance in various complex road conditions.

It is said that the exterior design of Xingyue L is attractive. Personally, he is not too cold about the avant-garde design of new energy vehicles, and prefers the traditional style of Xingyue L.

Recently, some netizens ran into Xú Zhēng abroad, and then it was revealed that he and his wife Tao Hong had gone through the formalities of leaving the country as early as April.

They also discussed that in order not to expose this matter, they would go separately, and Xú Zhēng would fly directly to Singapore, while Tao Hong would fly to Hong Kong to mislead others.

It’s not convincing here. Although they are public figures, their attention is still not so high. Now it’s very convenient to go abroad. Today they are in China, and tomorrow they can go abroad.

The media also broke the news that Xú Zhēng and Tao Hong are not going to come back this time, and they are going to settle down and live there directly, and they have been preparing for it for a long time.

It is said that Xú Zhēng and Tao Hong have saved a total of 820 million yuan over the years, and all of them have been transferred abroad.

However, this is not the most exciting thing. It is said that this melon is a bit big because the assets transferred by the couple have been frozen in the United States.

That is to say, the assets of Xú Zhēng and Tao Hong are currently unusable. But this is just someone else’s news. Whether it is true or not needs to be confirmed to me.

However, this incident has aroused great concern. I would rather believe it or not. As a friend of Xú Zhēng, I was shocked to see this news.

Many people have sent messages to Xú Zhēng asking about his situation. If I don’t respond to this matter, it will definitely be endless.

Many indiscriminate people have been completely disappointed with Xú Zhēng and even questioned him.

In recent years, Xú Zhēng’s reputation is getting worse and worse, and it has already collapsed.

Seeing that so many people care, Xu Zheng responded to this matter in his circle of friends, saying that this matter is a rumor and there is nothing at all.

Xú Zhēng is abroad now, only because of filming, not so-called going abroad to settle down, and he and his family are fine.

This matter is in the past, but Xú Zhēng and Zhang Ting, he didn’t come out to respond from beginning to end, has always been an evasive attitude.

Some time ago, Xú Zhēng recorded a variety show. He rarely recorded variety shows, knowing that he had a bad reputation, but he took it this time.

Unexpectedly, after the first issue of the program was broadcast, Xú Zhēng was questioned. Several netizens reported Xú Zhēng with their ID cards, and even such a person was not worthy to do the program.

This incident is still very serious. Xú Zhēng didn’t respond, but the producer responded, saying that he is not a bad artist and can be on the big screen.

However, Xú Zhēng was also afraid of affecting the ratings of the program, or voluntarily withdrew from the program, but netizens still didn’t let go, because he didn’t solve anything at all.

Because these people who reported Xú Zhēng have one thing in common, and they were all related to TST before.

This is a brand founded by Zhang Ting and Lin Ruiyang. Since they stopped filming, they started to do Wechat business and grew stronger step by step.

Their brand can be known by more people, not only because of their own fame, but also because of their stars.

In the early days of its establishment, Zhang Ting found many star friends to help promote his products, which made the brand famous and placed orders for his favorite stars.

Among them, Tao Hong and Xú Zhēng cooperated deeply with Zhang Ting Lin Ruiyang, and the four of them made money together.

However, Zhang Ting and Lin Ruiyang are mainly responsible for this company, while Tao Hong and Xú Zhēng only play a propaganda role.

Xú Zhēng sometimes wants to film, and Tao Hong is very close to them. Zhang Ting and he claim to be sisters and often shoot videos together.

Xú Zhēng became an endorsement when he had no time, and many friends who trusted him joined them.

As everyone knows, this is a scam, because the cost of the cosmetic brand is very low and it is very expensive to sell, mainly because the effect is not good. If you buy it once, you will not buy it.

They can make money mainly by joining fees, which will fool people into spending hundreds of thousands of dollars to buy products, and they will smash them in their hands, while Zhang Ting and Xú Zhēng will make money and get a piece of the action.

This business is getting higher and higher. Zhang Ting and Lin Ruiyang had an accident. Before the accident, Tao Hong and Xú Zhēng quit their companies.

They thought they got away with it, but many people were cheated because of Xu Zheng, but he didn’t say anything.

Xú Zhēng has always been such a person, so he can earn a lot of money in the entertainment circle and only care about his own interests.

At that time, when filming "Sorry for Thailand", Xú Zhēng invited Wang Baoqiang to act, and the pay was not high, but the movie box office was very high, earning hundreds of millions.

Xú Zhēng gave Bo Huang some money, but didn’t give it to Wang Baoqiang, which is why they didn’t cooperate.

Xú Zhēng only takes a fancy to the immediate interests. He didn’t participate in some films, but he will invest and earn a lot of money.

Because he knows that his reputation is not good, he can’t continue to be in front of the screen and can only go behind the scenes.

In fact, Xú Zhēng’s feelings are quite rich, although he and Tao Hong got married very early, but there have been many scandals, saying that they are open marriages.

This way of getting along is also unacceptable. In their eyes, Xú Zhēng and Tao Hong actress, born 1969 have interests above everything else.

Editor in charge:

　 　 　 　 How does WeChat activate China Unionpay Quick Pass function? Introduction of WeChat applet supporting China Unionpay Quick Pass payment method

　　　　　　Ordinary users of China Unionpay Quick Pass function can’t open it on WeChat. Only when merchants open China Unionpay Quick Pass payment, users can use China Unionpay Quick Pass to pay in small programs.

　　　　　　Merchant opening steps:

　　　　　　Log in to the backstage of WeChat payment merchants-> Product Center-> Development Configuration page, find "Payment Method Configuration" at the bottom, and click "Open". There is no need for any additional configuration. After opening, as long as the user’s mobile phone is equipped with China Unionpay Quick Pass app, they can choose to pay in China Unionpay Quick Pass when paying for the applet.

　　　　　　Steps for users to pay with China Unionpay Quick Pass:

　　　　　　1. When the merchant opens China Unionpay Quick Pass, when users make payment in the applet, two signs, WeChat Pay and China Unionpay Quick Pass, will be displayed below, and click China Unionpay Quick Pass.

　　　　　　2. Click Allow according to the page prompts, and then you can jump to China Unionpay Quick Pass app.

　　　　　　3. Finally, click to confirm the amount and click Pay Now.

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