In June, film events continued, and film channel hosts gathered to show their elegance.

In the coming June, the holding of major film festivals such as the SCO National Film Festival, the Shanghai International Film Festival, and the media attention unit of the film channel has brought a gluttonous feast to the film industry in China with no less attention than the World Cup. As a national film media, the film channel has also organized and participated in many large-scale activities. And behind this high-standard, high-quality film prosperity, your hosts have contributed.

Lan Yu participated in the SCO National Film Festival.

In the past six months, the film channel hosts have grown rapidly and actively participated in the front line of film programs and festivals. In June this year, they successively completed the hosting tasks of many important activities, including the opening and closing ceremonies of the SCO National Film Festival, the opening ceremony of the Shanghai International Film Festival, the media attention unit of the film channel, and the film channel night. Jiang Xiaohan, Lan Yu, Guo Wei and other film channel hosts, with excellent professional ability and quality, have shown the elegance of China filmmakers and journalists in various programs and large-scale film activities.

Lan Yu Guo Wei presided over three major film festivals.

Show the style of China film host

Moderator Lan Yu

Lan Yu, the host of "Post-90s", as the head of the movie channel in Hua Dan, has grown rapidly in recent years. At the same time, she has the platform of China Film Report and various large-scale activities to communicate with China filmmakers, and she is the exclusive information and live witness of China movies. Guo Wei is the anchor of China Film Report and other columns on the film channel. With his rich hosting experience and lively and generous hosting style, he has been unanimously recognized by the industry and the audience.

Guo Wei at Shanghai Film Festival

In the opening and closing ceremonies of the SCO National Film Festival and the opening ceremony of the Shanghai International Film Festival, the ceremony host Lan Yu and the red carpet host Guo Wei showed the excellent professional quality and dignified atmosphere of the host China to filmmakers and audiences at home and abroad on the international stage. Among them, Lan Yu served as the host of the closing ceremony and award ceremony of the SCO National Film Festival. Through full preparation under the stage, when facing many strange foreign guests on the stage, she introduced them fluently and accurately, and communicated appropriately, acting generously and calmly, eliminating the barriers caused by cultural differences.

Lan Yu and Guo Wei are at the movie channel night.

In addition, at the Shanghai International Film Festival, Guo Wei and Lan Yu were the red carpet and ceremony hosts of the Jin Jue Festival respectively. In the red carpet session, Guo Wei fluently introduced the shortlisted films and creative information, and flexibly responded to various emergencies on the red carpet scene. During the ceremony, Lan Yu also showed her film quality and professional standards in the communication with many domestic and foreign filmmakers, including Jiang Wen. The excellent performance of the two film channel hosts showed the professionalism and affinity of the film channel and China filmmakers to filmmakers and audiences at home and abroad.

The host of the movie channel devoted himself to "the battle against poverty"

Be a journalist with social responsibility

On the night of the 2018 movie channel held during the Shanghai International Film Festival, the movie channel hosts Lan Yu, Guo Wei, Chen Min, Miao Yao, Xie Yingling, Shi Di and the new young hosts Roman, Li Dan, Cai Qiaoyun and Li Jinze who just graduated from the Communication University of China all made their appearances, and they all made their debut with "Fighting Poverty — — "Starlight Action" Yang Mi, a star volunteer and actor, swore together that they were determined to devote themselves to large-scale public welfare projects to help poor counties, which reflected their social responsibility and responsibility as journalists and media people.

Lan Yu at Shanghai International Film Festival

It is reported that on June 23, the host of the film channel will also appear at the closing ceremony of the media attention unit of the film channel, and on June 24, Lan Yu and Guo Wei will also be the hosts of the closing ceremony and award ceremony of the Shanghai International Film Festival, once again on the international stage.

In the future, film channels will continue to attach importance to the training of presenters, constantly absorb excellent fresh blood, and cultivate more excellent journalists for the film industry in China. No matter in regular TV programs or large-scale movie activities, the hosts of movie channels will become a powerful guarantee for the program level with their excellent professional quality, and show the elegant demeanour of China hosts to audiences at home and abroad.

The re-release of Avatar provides a nostalgic entertainment feast for the audience.

  On the 13th, two days after Avatar was shown again, the global box office exceeded 2.8 billion dollars, regaining the global box office champion from Avengers 4. Although Avatar is not a simple re-release, but an upgraded version with the latest 3D technology, the movie screen is more shocking than that of that year, and the viewers are mostly iron tickets of that year.

  Although Avatar is a classic, it can’t get rid of the positioning of entertainment products. In the reality of fast food consumption of entertainment products, Avatar still has a strong appeal at the box office in China, highlighting the shortage of good entertainment products in the realistic context, or the entertainment thirst caused by the epidemic. Avatar successfully seized this opportunity, and presented a nostalgic entertainment feast to China audience in time through re-screening.

  Director James Cameron paid tribute to the audience in China, and specially emphasized the potential of the box office market in China. This is not a compliment, but a heartfelt one. If China’s box office market was still in a slight disadvantage compared with North America’s box office market a few years ago, now China’s movie box office is the world’s most unshakable. Especially last year, even though the China cinema opened late due to the epidemic and was not fully staffed, the box office in China has already led the world. This year’s Spring Festival schedule, Valentine’s Day and the Spring Festival overlap, which invisibly lengthened the schedule. Coupled with the box office demand that the epidemic was suppressed last year, it set a box office record of nearly 8 billion yuan for the Spring Festival.

  The faster the entertainment demand in the consumption era, the more demanding the consumer’s entertainment consumption habits, because there are too many entertainment consumption options in the network era. If the film works can’t trigger the sensitive points of the audience’s entertainment demand, it may encounter market waterloo. The box office fever from the re-release of Avatar also reflects this fact. After the in-depth test of online entertainment, the audience in China still have a high appreciation level of film works. China audience, especially young people, may have the impulse to pursue the traffic stars, but if the traffic stars play bad movies, they will eventually suffer a disastrous defeat in the market.

  Avatar surpassed the box office of Avengers 4 again by relying on the China market, which not only fulfilled Cameron’s promise, but also once again proved the importance of China market to Hollywood blockbusters. With the improvement of China audience’s appreciation level, the influence of Hollywood blockbusters in China market has declined. Even if some Hollywood blockbusters try their best to implant China elements, they can’t arouse the interest of many China audiences.

  The success of "Avatar" in China is not only the good use of high-tech elements, but also the fact that the floating mountain in the film, like a fairyland, was shot from Zhangjiajie, which obviously caught the attention of China audiences more than simply and rudely implanting China elements. On burning money to invest, China’s domestic films are not lost to Hollywood blockbusters; On paying for movies, China audiences are not stingy. However, from the perspective of scriptwriting and storytelling, domestic films still need to work harder. However, from Avengers 4 to Avatar, and then to the extreme of Hollywood blockbusters’ technicalism, Hollywood blockbusters have also fallen into the embarrassment of eating old books and lacking innovation.

It is illegal to completely ban fireworks and firecrackers! Legal experts call for more choices to be given to the public.

Cctv news(Reporter/Yang Wei): By the end of the year, whether to lift the ban on fireworks has once again become a hot topic of public discussion.

On December 26th, the the National People’s Congress Standing Committee (NPCSC) Municipal Law Commission reported the record review in 2023 to the seventh session of the 14th the National People’s Congress Standing Committee (NPCSC). According to a typical case, the report puts forward suggestions on the provisions of some local laws and regulations on "completely prohibiting the sale and discharge of fireworks and firecrackers", arguing that this is inconsistent with the relevant provisions of the Law on the Prevention and Control of Air Pollution and the Regulations on the Safety Management of Fireworks and Firecrackers, and local governments need to amend the ban on burning according to law. This suggestion rekindled people’s expectation of "fireworks flying to welcome the New Year".

The appearance of the "no-burning order" is actually traceable. At the end of 1980s, the incidents of property loss and personal injury caused by setting off fireworks and firecrackers in major cities in China increased year by year, and the safety of fireworks and firecrackers attracted attention. In 1986, the Beijing Municipal People’s Government issued the Interim Provisions on the Safety Management of Fireworks and Firecrackers in Beijing, which involved the prohibition of burning in some places.

In 1988, the Fifth Session of the Sixth National People’s Congress proposed to strengthen the production and discharge safety of fireworks and firecrackers. In 1987 and 1993, respectively, Beijing began to implement the management policies and bans on the safety of fireworks and firecrackers. Subsequently, 282 cities including Shanghai, Guangzhou, Wuhan and Xi ‘an also issued similar laws.

However, during the implementation of the ban, there is still a call for "lifting the ban on fireworks". After discussion and consultation, the policy of fireworks and firecrackers was "forbidden to change restrictions". At the end of 2006, more than 200 cities across the country gradually relaxed restrictions on fireworks and firecrackers.

However, the smog problem has once again triggered a discussion on the prohibition of burning fireworks and firecrackers. In this context, more and more people are in favor of controlling the fireworks and firecrackers. After 2013, the scope of the ban on burning has gradually expanded, and the policy of setting off fireworks and firecrackers has been tightened again.

According to the data of the Ministry of Public Security, in 2017, fireworks and firecrackers were prohibited in 444 cities and restricted in 764 cities. In 2018, fireworks and firecrackers were prohibited in 803 cities above the county level.

By the beginning of 2023, there were many measures to loosen the regulations on setting off fireworks and firecrackers, and changed "prohibition" to "restriction". Shanghai, Liaoning and other places stipulate that fireworks can be set off in specific time periods and specific areas.

CCTV News+reporter interviewed Wang Chengdong, a professor of administrative law at China University of Political Science and Law, and Xie Zhiyong, vice president of the Legal Research Association of Beijing Government and professor of comparative law school of China University of Political Science and Law, to discuss related issues together.

"News+"reporter: What signal did the NPC Law Committee send?

Wang chengdong: This signal is very clear. First, it is a response to the people’s desire to feel the lively atmosphere of Chinese New Year and festivals. Second, in the more than 20 years since 1988, under the background of environmental protection, the restrictions on fireworks and firecrackers have become a kind of prohibition, and it is a universal prohibition. This voice means that the NPC system, including the NPC Law Committee, reflects or guides this comprehensive ban.

From all over the country, this year’s Spring Festival should have a little more "Year" flavor, because this is the voice of the people.

Xie ZhiyongFirst, from the perspective of the implementation of the Constitution and the unification of the national legal system, the Constitution requires all laws, regulations and rules to be consistent with the Constitution, which is the basic requirement of a country ruled by law, or a basic requirement of the Constitution. Laws and administrative regulations do not require that all fireworks and firecrackers be banned, but require all localities to regulate according to their actual conditions.

Second, from the perspective of protecting excellent traditional culture or folk culture, limiting the discharge or banning the burning is actually beneficial to protecting air quality and the safety of urban dense areas, but it also has a negative impact, and the taste of the year is getting weaker and weaker, without the feeling of "one year in the firecrackers", which is actually a great and hidden cultural loss for us.

In a sense, some folk customs related to the Spring Festival now have the characteristics of cultural heritage, which we should protect well, and folk customs also need to be protected by the rule of law, so that people can have a stable expectation.

Third, fireworks and firecrackers are not only related to the issue of discharge, but also supported by the industrial chain. According to the original law, if an enterprise obtains an administrative license, it is a legal operation. If it is closed and banned, it will not only damage the industrial chain, but also damage the trust and interests of ordinary people.

Fourthly, this represents a good start, and such an approach also echoes Report to the 20th CPC National Congress’s special emphasis on building an innovative society. We should carry out innovative development and high-quality development, which is a good opportunity.

"News+"reporter: What is the record review?

Xie ZhiyongFiling review embodies an important constitutional principle of our country. Specifically, the subordinate law stipulated in the Legislative Law must obey the superior law, that is, the subordinate law must be consistent with the provisions of the superior law and cannot conflict. Simply speaking, all laws cannot conflict with the Constitution. The mechanism to ensure this is called filing review system, that is, when the subordinate administrative organ or the lower legislature formulates the subordinate law, it must be reported to the higher legislature.

The specific provisions will be more detailed. For example, some local laws and regulations should be filed with the National People’s Congress and the legal institutions in the State Council, that is, the institutions in the current judicial administrative organs.

"News+"reporter: What do you think of the provisions of local laws and regulations prohibiting the sale and discharge of fireworks?

Wang chengdongIn the past, there was a "one size fits all" situation, which should be viewed from the past time dimension, that is, returning to environmental pollution.

Environmental pollution is not only caused by setting off fireworks, but also by industrial development itself. However, it is undeniable that the pollution caused by the intensive discharge of fireworks and firecrackers in a period of time will increase rapidly.

Therefore, in this context, the demand for air quality will appear, which is also an objective concept. However, starting from the legal norms themselves, the understanding of the Law on the Prevention and Control of Air Pollution in various places is biased and incomplete, and it belongs to legislation with more emotions. This is also an objective reality, so we should now return to reality and return to the legal norms themselves.

"News+"reporter: Do you think we should "relax" the ban on burning fireworks and firecrackers?

Wang chengdongSetting off fireworks and firecrackers is an important traditional culture in China, an effective expression of people’s happiness or sorrow, and it is also a natural right of citizens.

This opportunity provided by the Law Committee is very good, which shows that some traditional powers should be respected and maintained.

In modern society, the relationship between man and nature is becoming more and more tense. Under this background, the traditional natural rights have changed from being comfortable, self-motivated and spontaneous to being restricted or empowered by the state through laws and become a legal right.

With the development of industrialization, environmental damage has led to the damage of people’s health, and the previous concept of complete control is not applicable to the current social environment, so we should look at the problem in two.

In addition, judging from the situation of national legislation, whether it is the Law on the Prevention and Control of Air Pollution in People’s Republic of China (PRC) or the relevant administrative regulations in the State Council, there is indeed no "one size fits all" for setting off fireworks and firecrackers. China has a vast territory and a large population, and the situation varies from place to place, from city to country, and from region to region in the same city.

The "one size fits all" of local laws and regulations does not meet the requirements of the Air Pollution Prevention Law and relevant administrative regulations.

Therefore, we should treat the problem of setting off fireworks and firecrackers rationally. In principle, we should not blindly "block", but should combine "sparse", "sparse" and "blocked", and combine restriction with guidance.

"News+"reporter: How to set off fireworks and firecrackers is reasonable?

Wang chengdongI think the reasonable way to set off fireworks at present is to set off fireworks in different regions and at different times to allow people to enjoy traditional culture. The noise of fireworks is also a kind of taste.

Mega-cities are densely populated, and unlimited discharge in a short time will not only have a health impact on ordinary people, but also cause greater damage to patients and infants. Therefore, in the areas around hospitals, kindergartens, primary schools and nursing homes, it can be properly controlled, while for other areas, locations can be designated and discharged within a specified time.

At the same time, we should emphasize what kind of environment we should live in, and more choices should be given to the people. Each city has its own characteristics, which should not be too dull. It is more appropriate to decide on the basis of local characteristics, provincial conditions, city conditions, district conditions and county conditions.

Xie ZhiyongIt is undeniable that there may be some dangerous factors and pollution factors in the process of setting off fireworks and firecrackers, which are also objective.

If the local laws and regulations are revised, the production and discharge of fireworks and firecrackers may be resumed to a certain extent, which requires us to further improve the technology. Now science and technology have made great progress, and the disadvantages caused by fireworks in the past can be controlled to some extent. Therefore, can we consider the off-peak discharge in different time periods and different areas?

Of course, this is a good opportunity for several aspects to appear together. In any case, we should keep up with our management measures and avoid the vicious circle of "rushing headlong into a hubbub and dispersing in a hubbub".

General Administration of Financial Supervision: Support real estate financing needs more accurately.

Focusing on real estate finance, risk management of small and medium-sized banks and other issues, the State Financial Supervision and Administration has once again voiced its voice. On January 25th, at the press conference on high-quality economic and social development of financial services held in the State Council Press Office, Xiao Yuanqi, deputy director of the General Administration of Financial Supervision, Liu Zhiqing, spokesperson of the General Administration of Financial Supervision and head of the Statistics and Risk Monitoring Department, Li Mingxiao, spokesperson of the General Administration of Financial Supervision and director of the Policy Research Department, Guo Wuping, director of the inclusive finance Department of the General Administration of Financial Supervision, and Yin Jiangao, head of the Property Insurance Supervision Department of the General Administration of Financial Supervision, made five major articles on how to do a good job in real estate finance, risk management of small and medium-sized banks.

Promoting the coordination mechanism of urban real estate financing has achieved results

Maintaining the stable and healthy development of the real estate market is one of the key points of supervision in recent years. In order to do a good job in real estate financial services, in recent years, the regulatory authorities have issued a series of policies, including the Ministry of Housing and Urban-Rural Development, the People’s Bank of China, and the General Administration of Financial Supervision, which clearly defined the housing credit policy of "recognizing housing but not loans"; The People’s Bank of China and the General Administration of Financial Supervision issued the "16 financial measures" to support the stable and healthy development of the real estate market, studied and established the dynamic adjustment mechanism of the first home loan interest rate policy, lowered the lower limit of the second home interest rate policy, and guided banks to reduce the interest rate of the first home loan.

"These policies and measures have played and are playing an active role in doing a good job in real estate financial services, stabilizing the reasonable financing needs of the real estate market and promoting the stable and healthy development of real estate." Xiao Yuanqi said.

The data shows that up to now, the balance of development loans and personal housing loans of real estate enterprises is 12.3 trillion yuan and 38.3 trillion yuan respectively. In 2023 alone, the balance of the two loans totaled nearly 10 trillion yuan.

Xiao Yuanqi said that the General Administration of Financial Supervision will continue to provide personal housing loan financial services. Support local city governments and housing construction departments, further optimize individual housing loan policies such as down payment ratio and loan interest rate due to city policies, and guide and urge banks to better serve the financing needs of the broad masses of people’s rigid and improved housing.

In order to accurately support the reasonable financing needs of real estate projects, on January 5, the Ministry of Housing and Urban-Rural Development and the General Administration of Financial Supervision jointly issued the Notice on Establishing a Coordination Mechanism for Urban Real Estate Financing, requiring cities at and above the local level to establish a coordination mechanism for real estate financing and build a communication platform between government, banks and enterprises to promote the accurate docking of housing enterprises and financial institutions.

Xiao Yuanqi said that it is necessary to accelerate the implementation of the coordination mechanism for urban real estate financing. Under the coordination mechanism led by the city government, according to the principle of fairness, the list of real estate projects that can be given financing support is pushed to financial institutions within their respective administrative areas. Financial institutions shall, in accordance with the principles of marketization and rule of law, evaluate the support objects pushed by the coordination mechanism, and actively meet the reasonable financing needs for projects with normal development and construction, sufficient collateral, reasonable assets and liabilities and guaranteed repayment sources.

"In the near future, we will also hold relevant work deployment meetings, asking banks to act as soon as possible. Under the lead coordination of the city people’s government, together with the housing and construction departments, we will make good use of the policy toolbox because of the city’s policy, and more accurately support the reasonable financing needs of real estate projects." Xiao Yuanqi said.

"This meeting released the domestic policies and measures to stabilize the property market, and increased the overall financing support for real estate. At the same time, emphasizing the focus of real estate work this year will help stabilize the market’s confidence in real estate recovery." Zhou Maohua, an analyst in the financial market department of China Everbright Bank, said that with the continuous economic recovery, employment and income improvement, the cost and threshold of buying houses are lowered, which is expected to promote the release of just-needed and improved demand. The "three major projects" in China and the revitalization of various idle properties will help optimize supply and improve demand, and promote the overall real estate market to get rid of the downturn and gradually restore balance.

The reform of rural credit cooperatives has achieved phased results.

Persisting in preventing and controlling risks is the eternal theme of financial work. In recent years, the General Administration of Financial Supervision and other departments have dealt with the risks of small and medium-sized financial institutions in a timely manner, and the reform of the rural credit cooperative system and city commercial banks has been promoted in an orderly manner. Xiao Yuanqi said that from a national perspective, the current small and medium-sized banks are operating steadily, and the proportion of small and medium-sized banks with high risks is very low. Through the steady and orderly resolution and disposal of stock risks and strict control of incremental risks, some small and medium-sized banks with high risks have achieved sustainable operations, and the effectiveness of reform and insurance is emerging.

Deepening the reform through classified policies is the starting point for supervising the reform and risk prevention and control of small and medium-sized banks. Xiao Yuanqi introduced that for the rural credit cooperative system, the General Administration of Financial Supervision focused on transforming the functional orientation of rural credit cooperatives and standardizing the performance of their duties, and initiated the reform of rural credit cooperatives with "one province, one policy". At present, the reform has achieved phased results. Some reform plans of rural credit cooperatives have been approved by the State Council, some are actively organizing and implementing, and some have been put into operation. The phased evaluation has achieved the expected purpose and the effect is showing. For city commercial banks, take multiple measures and implement reforms under the guidance of "one line, one policy". The overall goal is to fundamentally improve the long-term healthy operation and development ability of small and medium-sized banks, better serve the real economy, better serve thousands of households, and better prevent and control risks by deepening the reform of institutional mechanisms.

In order to make small and medium-sized banks stick to their development orientation, serve local customers well, and guard against the risks of exhibition in different places, regulators have previously issued relevant policies on Internet deposits and loans, requiring small and medium-sized banks to focus on their main business.

Xiao Yuanqi said, "Small and medium-sized banks are naturally familiar with local comparative advantages. They should have the will and ability to resist the temptation of blindly seeking perfection regardless of risks, carry out differentiated and characterized operations, and give full play to their unique advantages. After they are brought into play, the future development prospects of small and medium-sized banks are quite broad."

"The General Administration of Financial Supervision has also taken some measures to require large banks and national joint-stock banks, as well as some small and medium-sized banks, to transport talents and technologies, including core customer systems and risk control systems, to small and medium-sized banks in other places. This work has been carried out and the current effect is very obvious." Xiao Yuanqi said.

In addition, in terms of comprehensively strengthening supervision and preventing risks, Xiao Yuanqi said that the General Administration of Financial Supervision will strictly enforce the access standards for small and medium-sized banks, strictly control the access qualifications of shareholders and senior executives, strictly investigate the sources of capital, and give full play to the role of capital in controlling leverage, allocating resources and absorbing losses. At the same time, we should focus on the "key people", "key things" and "key behaviors" of financial risks, strictly enforce the law, dare to show our swords, resolutely crack down on financial corruption and financial crimes, stimulate the endogenous mechanism of financial institutions to prevent and control risks, and further strengthen the solidification, so as to fundamentally prevent, control and stabilize risks.

Ming Ming, chief economist of CITIC Securities, believes that with the continuous advance of China’s tough battle to prevent and resolve financial risks, the risks of the financial system have obviously converged, and the risks of small and medium-sized banks are controllable as a whole. However, it is necessary to pay attention to the lack of standardized corporate governance, mismatch of liabilities and assets, low capital adequacy ratio and long-term high binding with real estate and local financing platforms in some local institutions, which will also bring challenges to their sustainable operation.

Focus on "Five Great Articles"

The Central Financial Work Conference proposed that we should do a good job in "five major articles" on technology and finance, green finance, inclusive finance, pension finance and digital finance, and point out the direction for finance to better serve the high-quality economic and social development.

Focusing on key areas such as scientific and technological innovation and advanced manufacturing, the General Administration of Financial Supervision has continuously improved financial supervision policies, guided financial institutions to increase financial support and enhance their financial service capabilities. Li Mingxiao introduced that in terms of supporting scientific and technological innovation, the General Administration of Financial Supervision has formulated and issued the Notice on Strengthening the Life Cycle Financial Services of Science and Technology Enterprises, guiding more financial resources to promote scientific and technological innovation, and providing diversified financial services according to the needs of science and technology enterprises in different development stages such as initial stage, growth stage and maturity stage. In supporting advanced manufacturing, we will strengthen key monitoring and daily supervision, and guide financial institutions to give more prominence to supporting the high-quality development of manufacturing industry through special meetings and special training, and strongly support the high-end, intelligent and green development of manufacturing industry.

The data shows that by the end of 2023, the loan balance of national high-tech enterprises increased by 20.2% year-on-year, of which medium-and long-term loans and credit loans accounted for more than 40%. The loan balance of manufacturing industry increased by 17.1% year-on-year, of which the long-term loan balance of manufacturing industry increased by 29.1% year-on-year.

In the field of green finance, the General Administration of Financial Supervision has promoted the banking and insurance industry to increase financial support for green development. Li Mingxiao said that the service quality and efficiency of green finance of financial institutions will be continuously improved by strengthening supervision and guidance, improving statistical monitoring, optimizing assessment and evaluation, enriching products and services, and strengthening risk management. According to the data, by the end of 2023, the balance of green credit of 21 major banks reached 27.2 trillion yuan, a year-on-year increase of 31.7%.

By the end of 2023, the balance of inclusive loans was 29.06 trillion yuan, a year-on-year increase of 23.27%, which was 13.13 percentage points higher than the average growth rate of various loans; In 2023, the average interest rate of new loans for inclusive small and micro enterprises was 4.78%, down 0.47 percentage points year-on-year, and the interest rate showed a downward trend year by year.

Guo Wuping said that the General Administration of Financial Supervision will urge banking financial institutions to actively develop the first loan and renew the loan. The renewal of the loan should be continuous and sustainable, encourage medium and long-term loans that match the production and operation cycle, and promote revolving loans that can be borrowed and repaid to meet the diversified financing needs of market participants.

In recent years, China has continued to promote the professional development of pension financial institutions, the reform of pension finance has been steadily advanced, and the pilot projects of pension financing and specific pension savings have been gradually carried out. Yin Jiangyao introduced that in the next step, the General Administration of Financial Supervision will further optimize the supply of personal pension-related financial products around doing a good job in pension finance and implementing relevant policies and opinions on silver-haired economy, study and improve relevant business supervision rules according to the characteristics of personal pension system, sum up experience in time, continue to promote the pilot of commercial pension finance, steadily promote the transformation and development of pension insurance companies, guide and promote companies to give full play to their professional advantages, and better participate in and serve the construction of China’s multi-level and multi-pillar pension insurance system.

In terms of digital finance, Liu Zhiqing said that the General Administration of Financial Supervision will guide financial institutions to improve service quality and efficiency and comprehensively strengthen risk management from five aspects: continuously promoting the digital transformation of the banking and insurance industry, enhancing the effectiveness of digital empowerment, enhancing the risk prevention and control capabilities of the industry, strengthening the risk supervision of network security and data security, and standardizing digital innovation.

It is clearly believed that around the "five major articles", financial institutions should increase the disposal of non-performing credit assets, release new credit space, and reduce credit supply to industries with high energy consumption, high pollution and overcapacity. Relatively speaking, combined with the goal of China’s current economic structure transformation and upgrading and the changes in bank loan structure in the past two years, major strategies, key areas and weak links such as small and micro enterprises, green development and scientific and technological innovation are expected to obtain more high-quality financial services.

Beijing business today reporter Li Haiyan

Reporting/feedback

The two sessions revealed the "timetable" of people’s livelihood tasks. Cancer was included in the centralized treatment of serious diseases.

  Xinhua News Agency, Beijing, March 11th Title: The two sessions revealed the "timetable" of the eight livelihood tasks.

  Xinhua News Agency "Xinhua Viewpoint" reporters Li Jinfeng, Liu Hongxia and Liu Shuo

  Regarding the tasks of people’s livelihood put forward in the government work report, at the press conference of the two sessions and the "ministerial channel", the heads of relevant ministries and commissions gave further responses and revealed a series of "timetables" for people’s livelihood tasks.

  — — Task 1:

  Poverty alleviation: At least 200 poverty-stricken counties have taken off their hats this year.

  The government work report is clear, and we will increase the intensity of precision poverty alleviation. This year, the number of poor people in rural areas will be reduced by more than 10 million, and 2.8 million people will be relocated to help the poor.

  Liu Yongfu, director of the the State Council Poverty Alleviation Office, said that in the past five years, the number of poor people in China has decreased by two-thirds. 150 poverty-stricken counties have withdrawn, and at least 200 more will be lifted out of poverty this year. He said: "judging from the current progress, it is not a big problem to complete the task as a whole. Now, it is up to ‘ Win ’ To ‘ Play well ’ Change. "

  Shi Bingrui, deputy to the National People’s Congress and director of the Henan Provincial Poverty Alleviation Office, said that at present, for the poor population and poor counties and townships, further policy coordination is needed, and monitoring and monitoring should be strengthened in deep poverty areas, and efforts should be concentrated on precision.

  — — Task 2:

  Air pollution control: the emissions of sulfur dioxide and nitrogen oxides will drop by 3% this year.

  According to the government work report, the emissions of sulfur dioxide and nitrogen oxides will be reduced by 3% this year to consolidate the achievements of the blue sky defense war.

  According to the budget report, the central government allocated a total of 40.5 billion yuan for air, water and soil pollution prevention and control, an increase of 6.465 billion yuan or 19% over 2017, and the investment was the largest in recent years.

  Huang Runqiu, Vice Minister of the Ministry of Environmental Protection, said at the press conference of the two sessions that the current situation of air pollution control is still in the stage of climbing with heavy load and a long way to go. Under some extremely unfavorable weather conditions, heavily polluted weather will come back. The key to air pollution control in the next step is the adjustment and optimization of industrial structure, energy structure and transportation structure.

  Yang Yufu, member of Chinese People’s Political Consultative Conference and president of Tianjin Lawyers Association, said that the improvement of ecological environment is the result of cooperation from all sides. It is necessary to quickly implement the compensation system for ecological environment losses, promote the transformation of ultra-low emissions in steel and other industries, and carry out special measures such as the treatment of excessive emissions of diesel trucks.

  — — Task 3

  Individual tax: reforming personal income tax is included in this year’s task

  The government work report mentioned in the proposal for government work in 2018 that the threshold for personal income tax should be raised.

  Shi Yaobin, Vice Minister of Finance, said at the press conference of the NPC and CPPCC that policy suggestions will be put forward according to the changes of residents’ basic living consumption level. This tax reform highlights the new connotation of special deduction, and the first choice focuses on children’s education, serious illness medical care and other aspects that people need most and are most concerned about. The reform will transform the classified tax system into a comprehensive and classified personal income tax system, and the next step will be to accelerate the start of the tax reform plan and start the revision of the personal income tax law.

  Liu Shangxi, member of Chinese People’s Political Consultative Conference and president of China Academy of Fiscal Science, believes that the individual tax reform must comprehensively balance the "purse" of the state and the "purse" of the individual. The adjustment of special deduction, tax rate hierarchy and taxation mode is subject to many factors, such as the need to attract talents, the need to simplify the tax system and the expectation of the society for fair adjustment, which should be comprehensively considered and steadily promoted.

  — — Task 4

  Rural revitalization: in the future, the right to use the homestead will be moderately released.

  The government work report proposes to vigorously implement the rural revitalization strategy. Comprehensively deepen rural reform. Explore the split reform of ownership, qualification and use right of homestead.

  Han Changfu, Minister of Agriculture, said at the press conference of the two sessions that in the future, the right to use homesteads will be moderately released, and idle farmhouses will be better utilized in various ways, such as providing entrepreneurial places for people who start businesses in rural areas, developing rural tourism and engaging in "farmhouse music".

  Zhang Jiaxiang, deputy to the National People’s Congress and secretary of the Party branch of Zhang He Village, a nine-town town in Xichuan County, Henan Province, said that a large number of farmers went out to work, which made the phenomenon of rural houses idle more prominent, wasting resources and prone to dangerous houses. Moderately releasing the right to use the homestead, making idle farmhouses used for developing rural tourism or providing entrepreneurial places for rural entrepreneurs can increase farmers’ income and add vitality to rural revitalization.

  — — Task 5

  Medical treatment: cervical cancer, breast cancer and lung cancer will be included in the centralized treatment of serious diseases this year.

  The government work report proposes to improve the level of basic medical insurance and major illness insurance.

  Li Bin, director of the National Health and Family Planning Commission, introduced in the "Ministerial Passage" of the Great Hall of the People that this year, the per capita financial subsidy standard for residents’ basic medical insurance will be increased by 40 yuan, half of which will be used for serious illness insurance. The central government will arrange transfer payment of more than 22.1 billion yuan, which will be earmarked for medical assistance subsidies. She said that this year, cervical cancer, breast cancer and lung cancer will also be included in the centralized treatment of serious diseases, and the number of people to be treated will be further expanded, covering all the poor people who have set up files and set up cards, rural poor people and rural minimum living allowances.

  Geng Funeng, deputy to the National People’s Congress and chairman of Panxi Pharmaceutical, a good doctor in Sichuan, believes that the inclusion of cervical cancer, breast cancer and lung cancer in the centralized treatment of serious diseases will effectively reduce the pressure on ordinary people to see a doctor, especially to reduce poverty caused by illness and return to poverty due to illness.

  — — Task 6

  Housing: At present, the draft law on real estate tax is being drafted and improved.

  The government work report pointed out that a new three-year plan to tackle the problem of shed reform should be launched, and real estate tax legislation should be steadily promoted. The budget report clearly states that in 2018, 5.8 million new shanty towns will be renovated, and support for public rental housing and its supporting infrastructure will be increased.

  Shi Yaobin, Vice Minister of Finance, said that at present, efforts are being made to draft and improve the draft law on real estate tax. The real estate tax will be designed reasonably from the national conditions of China, such as merging and integrating related taxes, and reasonably reducing some tax burdens of real estate in construction transactions, so as to make the real estate tax system more reasonable and fair.

  Sun Taili, member of Chinese People’s Political Consultative Conference and chairman of Tianjin Qingda Investment Group, said that China has a large population and great regional differences, so it is particularly important to establish a structured and flexible housing policy system. On the one hand, increase housing security, promote the transformation of shanty towns and the construction of affordable housing to ensure the basic housing needs of the people; On the other hand, the introduction of real estate tax through scientific design and demonstration will help promote "classified regulation" and "differentiated regulation".

  — — Task 7

  Internet fee: cancel the "roaming fee" of traffic before July 1.

  The government work report proposes to cancel the "roaming" fee for traffic and reduce the mobile network traffic tariff by at least 30% during the year.

  In an exclusive interview with Xinhua News Agency, Chen Zhaoxiong, Vice Minister of the Ministry of Industry and Information Technology, said that basic telecom enterprises will be urged to speed up the work of package sorting and adjustment, system development and transformation, testing and business verification, so as to ensure that users can enjoy this bonus before July 1. In addition, the Ministry of Industry and Information Technology will also encourage basic telecommunications enterprises to continue to promote traffic reduction measures such as large-flow Internet cards and stepped traffic, so as to ensure that mobile network traffic tariffs will be reduced by at least 30% during the year.

  Some delegates pointed out that some operators still have difficulties in changing packages for old users, and discounts are only for specific users. Various restrictive measures have affected the actual effect of speeding up and reducing fees. Barriers to telecommunications services should be broken so that more users can enjoy the benefits of speeding up and reducing fees.

  — — Task 8

  Transportation: In 2019, every village will be paved with hardened roads.

  According to the government work report, 200,000 kilometers of rural roads will be built and rebuilt this year.

  Li Xiaopeng, Minister of Transportation, said at the "Ministerial Passage" in the Great Hall of the People that by 2019, it is necessary to complete the goal of hardening roads in qualified towns and villages; By 2020, qualified villages will have buses.

  Wang Yanfeng, deputy to the National People’s Congress and secretary of the General Party Branch of Yongsheng Village, yushu city, Jilin Province, said that building rural roads is very important for rural poverty alleviation and rural revitalization. At the same time, we should increase investment to manage and maintain rural roads, and constantly improve the grade and maintenance level of rural roads, so that rural roads can become smooth, safe, beautiful and high-quality channels for getting rich. (Participating in writing: Song Xiaodong, Zhai Yongguan, Chen Cong)

Beauty report season: China ChengShiseido’s largest market, and Leponi was "dragged down" by purchasing.

In August, international beauty companies ushered in the 2023 mid-year season. L ‘Oré al Group topped the list with a revenue of over 20.5 billion euros, Shiseido emphasized the importance of China market in its financial report, Kao Group sought new opportunities in the high-end skin care products market in China … Although its performance generally rose, compared with three years ago, each beauty group had different growth rates and faced different difficulties.

The four major beauty Japanese companies collectively "bet", and the China market has become a strong growth driver

On August 8th, Shiseido Group announced its performance report for the first half of 2023 as of June 30th. During the period, the group’s net sales were 494.189 billion yen (about 24.9 billion yuan), a slight increase of 0.2% compared with the same period of last year, and its operating profit increased by 19.7% to 13.632 billion yen (about 680 million yuan). Beijing News Shell Finance reporter noted that the China market is becoming a strong growth driver of Shiseido Group.

When combing Shiseido’s performance in recent years, the reporter found that the China market had surpassed Japan to become the largest market of the group in 2022, but it declined slightly in the first quarter of this year. In the first half of 2023, China market once again became the market with the largest contribution to Shiseido’s revenue. During the period, the net sales in China market increased by 12.8% year-on-year to 130.6 billion yen (about RMB 6.54 billion), accounting for 26.4% of the Group’s total revenue, and the Japanese market accounted for 25.3%, ranking second. In terms of core operating profit, the China market ranked first with a score of 7.5 billion yen (about 380 million yuan), while the Japanese market was 4 billion yen (about 200 million yuan).

During the reporting period, with the help of "618" promotion activities, the group’s e-commerce channels increased by more than 20%. Among them, Shiseido’s namesake brand performed remarkably, and the sales of Clé de Peau Beauté in China market increased by more than 40%.

In addition to Shiseido, Japanese beauty companies that take China as their primary market also have POLA Orbis, the parent company of Pola. In the first six months of this year, the group’s net sales were 85.836 billion yen (about 4.29 billion yuan), up 9% year-on-year; Operating income increased by 82.3% year-on-year to 8.966 billion yen (about 450 million yuan). According to the financial report, during the period, the net sales of Polaroid’s beauty business reached 83.529 billion yen (about RMB 4.18 billion), a year-on-year increase of 9.3%; Operating income was 8.713 billion yen (about 440 million yuan), up 66.1% year-on-year. The growth of this business is mainly driven by the main brands Polaroid and ORBIS.

It is reported that Polaroid’s net sales in the first half of this year reached 49.763 billion yen (about 2.5 billion yuan), a year-on-year increase of 10.4%. Among them, the brand’s revenue in China market increased by nearly 20%. According to the group, at present, Polaroid has taken China as its main market, and is constantly striving to expand its customer contact points.

It is noteworthy that Kose and KAO also recently announced their first-half results, and both have the momentum of "long-term betting on the China market".

During the financial reporting period, Kose Group’s net sales increased by 10.5% year-on-year to 144.2 billion yen (about RMB 7.22 billion), and its operating profit increased by 44.5% year-on-year to 10.4 billion yen (about RMB 520 million). Beijing News Shell Finance reporter noted that although the Asian market is the only overseas market where the group’s revenue has declined, the China market still becomes the largest market of Kose e-commerce channel with 14% revenue.

Kose Group expects that the China market will lead the Group’s performance growth in 2023 with a revenue increase of 10%. In addition, it is planned to strengthen the promotion of Cosme Decorte)AQ series in China, and to open new offline department stores and flagship stores to strengthen the high-end products of Cosme Decorte.

At the same time, Kao Group is also seeking opportunities in the high-end beauty market in China.

In the first half of this year, the net sales of Kao Group was 738.5 billion yen (about RMB 36.992 billion), up 0.6% year-on-year; Operating profit was 2.5 billion yen (about 126 million yuan), down 51.7% year-on-year.

The financial report shows that Kao has six major businesses. Among them, the net sales of cosmetics business decreased by 0.2% compared with the same period of last year to 115.8 billion yen (about 5.819 billion yuan); The operating profit loss was 2.5 billion yen (about 126 million yuan). According to the financial report, during the period, the sales of this business in Japan increased by 2.5% to 75.5 billion yen (about RMB 3.793 billion), while the sales in Asia decreased by 10% to 26.8 billion yen (about RMB 1.337 billion).

Kao Group said, "Although China’s market revenue is lower than that of the same period last year, it is still in the recovery stage, but two brands, Freeplus and Curel, have achieved strong growth performance. The former was completely sold out after the rebranding, while the latter increased its revenue by 30% during the’ 618′ period. "

In addition, the group’s senior executive director, Yosuke Maezawa, and its executive director, Yutai Murakami, recently publicly stated that Kao Group’s advantages in the China market are Fulifang Si and Kerun, and for these two brands, the group chose to build a factory in China. "We will focus on the younger generation of consumers in China and grasp the local market changes in product manufacturing." SENSAI, a high-end skin care brand under Kao Group, is expected to open a physical flagship store in Shanghai this year and enter the high-end beauty market in China.

China has become L ‘Oré al’s second largest market in the world, and Estee Lauder called "China as the growth driver".

Compared with Japanese companies, the semi-annual reports of European and American beauty companies came earlier. In July this year, L ‘Oré al Group took the lead in releasing the results for the first six months. During the period, the group achieved a total revenue of 20.57 billion euros (about 161.99 billion yuan), a year-on-year increase of 13.3%. Regionally, during the period, the Group achieved growth in all regions. Among them, the China market recovered strongly in the second quarter, with a net sales growth rate of 7% in the first half of the year. The North Asia market with China as its regional headquarters grew by 3.9% in the first half of the year. It is not difficult to see that China, as the second largest market of L ‘Oré al in the world, is very important for its development.

In the analyst conference call after the announcement of the financial report, Nicolas Hieronimus, CEO of L ‘Oré al Group, listed China as one of the "five major growth contributors". He mentioned that the sales generated by China consumers at home and abroad accounted for about 23% of the Group’s sales, with an increase of 10%, which was ahead of the market average.

L ‘Oré al’s "old rival" Estee Lauder also recently announced the fourth quarter and full-year results of fiscal year 2023. In the whole fiscal year ending June 30, the group’s net sales reached 15.91 billion US dollars (about 115.9 billion yuan); The net profit was $1.01 billion (about RMB 7.4 billion). Among them, the net sales in the Asia-Pacific region increased by 4%, with an increase of 36% in the fourth quarter. At the performance briefing, the group highlighted that most markets, led by Chinese mainland and Hongkong, have achieved double-digit growth.

The group also said that Chinese mainland’s e-commerce business achieved excellent performance every month in the fourth quarter, achieving organic growth of over 30%, and its market share in high-end beauty products increased by 2 percentage points. Estee Lauder believes that in the future, Chinese mainland and tourism retail business will remain the main driving force for the company’s long-term profit growth.

The performance of luxury beauty brands has suffered from "Waterloo", which is caused by purchasing?

With the increasing number of tourists around the world, beauty groups have focused on tourism retail business. However, Beiersdorf Group seems to have encountered "trouble" in this business.

In the first half of this year, the net sales of Beiersdorf Group increased by 12.3% year-on-year to 4.936 billion euros (about 38.6 billion yuan). Specifically, during the reporting period, the sales of the group’s consumer goods business unit increased organically by 14.9%, and all skin care products achieved double-digit growth, among which the sales of the core brand Nivea increased organically by 18.4% year-on-year.

It is worth noting that the beauty brand Leponi, which belongs to the luxury goods business of Beiersdorf, suffered a performance "Waterloo". During the reporting period, the brand’s net sales decreased by 9.9% year-on-year to 294 million euros (about 2.3 billion yuan). Beiersdorf said that the main reason for the decline in performance was that Daigou had caused great damage to the Asia-Pacific tourism retail market.

In fact, many beauty and luxury goods groups mentioned the keyword "purchasing" in their financial reports. Some enterprises have an immediate impact of slowing performance after cracking down on purchasing, and at the same time, they are willing to give up short-term interests to protect the long-term value of the brand.

For example, L ‘Oré al Group said in a conference call after the release of the semi-annual report in 2023 that the slowdown related to purchasing in major markets in South Korea and China and Hainan put pressure on L ‘Oré al Group’s tourism retail performance in the first half of the year. Ye Hongmu expressed his measures and determination to maintain the China market. He said, "Our first task is to ensure the rights and interests of our brand and the China market. Protecting brand equity is a major reason for L ‘Oré al’s increasing market share in China. "

The Beijing News Shell Finance reporter learned that L ‘Oré al Group has been reducing the price difference between other retail stores in China and those in Hainan by increasing the price of duty-free shops in Hainan, so as to avoid excessive discounts or unreasonable prices in the tourism retail business. Based on this concept, the group has set up a working department named CCCT to ensure that the price and promotion level of tourism retail will not damage its daily profit in China market.

In addition, at the beginning of 2023, the top executives of luxury goods giant LVMH showed their determination to resist beauty purchasing at the analyst conference call after the 2022 financial report. Bernard Arnault, CEO of the group, for example, said that in the past three years, the duty-free shops in South Korea were empty, but the duty-free business recorded high income. The reason behind this is that the products are directly transported from the warehouse to the professional purchasing hands, and then sold at a discounted price.

Jean-Jacques Guiony, the group’s chief financial officer, made it clear at the meeting that in order to protect brand assets, Luwei Mingxuan Group has made up its mind to eliminate all parallel channels of tourism retail around the world. The annual profit of the perfume and cosmetics department of the group also fell by 3% due to the termination of this channel business.

In this regard, Zhou Ting, president of VIP Research Institute, believes that beauty purchasing is the hardest hit area for fake beauty products, which not only affects the brand image, but also causes huge losses to brand sales and profits. Combating fake products is the general trend and the inevitable choice for all brands and enterprises.

Zhou Ting said that purchasing this kind of behavior disrupts the market order and affects the price policy for brands, so that brands can’t directly face and serve customers; For consumers, giving fake goods an opportunity, the rights and interests cannot be guaranteed, and the final damage is themselves. She believes that purchasing must be resolutely resisted.

Beijing News Shell Finance reporter Yu Menger

Editor Jake

Proofread Lin Zhao

Photo by Beijing News Shell Financial Reporter Yu Menger

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