Liu Yuning of Modern Brothers can get a hot search even after watching TV. Is it still the boiling point?

Why are these hot searches boiling? Yesterday’s "Weibo Hot Search List" analyzed the new gameplay of hot search: there are a lot of people, which is the embodiment of hot discussion. Hot search becomes a hot topic after extensive participation and discussion by users, and it will be upgraded from hot to boiling.

This reminds me of a hot search last week: Liu Yuning has a clear voice.

Maybe many people just saw this hot search word and reacted like me: I don’t know who Liu Yuning is. It turns out that he is the lead singer of the modern brothers band from Tik Tok-Ning Ge Liu Yuning.

In 2014, Liu Yuning, guitarist Azhuo and keyboard player Dafei formed the band "Modern Brothers". With the modern brothers’ covers of "Walking", "Telling the truth", "Answer" and "I shot myself" becoming popular overnight, the popularity of the modern brothers became out of control and became a new force in the music world that cannot be ignored more and more. 

The voice of Liu Yuning, a modern brother, is not only spread by the ubiquitous media such as shops broadcasting in streets and lanes, mobile TV in buses and subways, and mobile phones of pedestrians on the road, but also known by people. Even the little tricks he is used to singing are well known by fans.

Last Sunday, in the program "The Masked Singer Will Guess" of Jiangsu Satellite TV, the masked singer who was fully armed made his debut. He not only attracted the attention of the audience with his cool blue mecha, but also attracted the attention of fans more quickly when he opened his mouth. Isn’t he Liu Yuning, a modern brother, with a height of over 180, a unique voice and a stage trick that can’t be changed even if he is hiding in the mecha? Enthusiastic netizens immediately had a heated discussion about his true identity, never letting go of any clues, and shared them on the internet, which instantly sparked hot spots.

Coincidentally, Liu Yuning also updated his Weibo that night, which made some netizens have to wonder whether he deliberately released smoke bombs to hide his identity, in an attempt to confuse people. Therefore, a large number of netizens flocked to Weibo, Liu Yuning, to ask him for proof.

Whether the real identity of masked singer "Super Change" is Liu Yuning has not yet been determined. But good music should be respected. Many people say that the modern brother Ning Ge became popular overnight, but as long as you know his past, you will know how much effort he has made, and no one can succeed casually. Liu Yuning’s eight years of ups and downs and hard work have brought him today’s achievements. After he became famous, he once said that he could win the love of so many people. In fact, those who work hard will shine one day!

Is "super change" a better brother? We’ll lock in Jiangsu Satellite TV’s "Masked Singer Will Guess" at 9: 00 on Sunday night, or open Youku Video at 21: 40 to watch the exclusive online video. See you later!

I’ve been invisible for several years, and the folding screen is ok again.

Text | Deep Eyes Finance Zhang Wei

The folding screen caught fire in 2022 and the fire spread all the way to 2023.

The title of "the first year of folding screen" was born in 2022, one of the reasons is the high growth of folding screen shipments in 2022. According to IDC data, in the third quarter, China shipped more than 1 million folding screens, up about 246% year-on-year.

More importantly, this transcript of the folding screen was achieved in an environment of overall decline in smartphone shipments. According to the consulting data of Ai Media, the overall shipment volume of China mobile phone market will drop from 560 million in 2016 to 310 million in 2020. In 2021, mobile phone shipments rebounded slightly, but the overall environment is still not optimistic, with an annual shipment of only 350 million units.

It is not only the China market that participates in this folding screen carnival. According to Counterpoint research report, it is estimated that the global folding screen mobile phone market will increase by 52% year-on-year in 2023, reaching 22.7 million units.

You know, since the birth of the folding screen mobile phone, it has always been a niche track because of its relatively small market share, average sales volume and general market response.

When it was launched in the early years, it was also vomited by users because of the high price, obvious screen creases and heavy weight. Then, why did the folding screen, which was not welcomed by capital and market before, grow against the trend this year?

1. Capital betting, folding screen to become a new story?

Behind the fierceness of folding screen mobile phones is the embarrassment that mobile phone manufacturers urgently need to grow.

In the downturn of consumer market, the butterfly effect of mobile phone consumers is triggered: consumers who have no money in their belts naturally reduce their demand for mobile phones, and their replacement rate drops, which leads to a downward trend in mobile phone shipments. From January to November 2022, the total shipments of mobile phones in the domestic market totaled 244 million units, down 20.2% year-on-year.

In this context, as a relatively new product form, folding screen has become a "life-saving straw" in the mobile phone industry, and major mobile phone manufacturers have taken this opportunity to get involved in folding screen mobile phones.

At present, almost all mainstream mobile phone manufacturers have released new folding screen mobile phones, including Huawei’s Pocket S, Samsung’s Galaxy Z Flip4, OPPO’s Find N, Xiaomi’s Mix Fold2, VIVO’s X Fold+, etc., and the competition is fierce.

In 2022, Samsung, Huawei, OPPO, VIVO, Xiaomi and other mobile phone manufacturers released more than 10 folding screen mobile phones. According to the current news, there will be many new folding screen machines released in 2023, and even Apple has rumors that it will release folding screen smart phones in 2023.

In the past, high-end machines competed for chips, image capabilities, screen refresh rates, etc. Now, due to the involvement of smartphones in the Red Sea, technologies have entered a mature stage, and these technologies have been decentralized to low-end machines.

Although mobile phone manufacturers bet on the folding screen market, the herd effect is not fully applicable to consumers. In the era of information explosion, consumers are no longer the lambs to be slaughtered who are completely obedient to others.

On the one hand, from the perspective of mobile phone form, the design of folding screen is more futuristic. Compared with the previous folding screen mobile phones, the subdivision of scenes is one of the factors contributing to the growth of folding screen mobile phones, which means that folding screen mobile phones can radiate a wider range of people, and their product design, size, thickness and operation are different from business scenes, car scenes and game fields.

For example, OPPO Find N2 has not only paid attention to the internal and external screens, but also started to cut into the half-folded hovering, so that the mobile phone has a natural bracket, which brings more brand-new experiences to users from entertainment, and is more abundant in watching videos, photography and other leisure games.

Another example is Huawei’s main "folding screen meta-universe", which starts from smart life and exerts its strength on the external screen, and can obtain the weather, payment, camera, application and other dynamics without unfolding the screen. It can be said that the segmentation scene of the folding screen has jointly contributed to the shipment.

At the same time, the product forms of horizontal folding inner screen, horizontal folding outer screen and vertical folding screen also meet the habits and preferences of different people.

On the other hand, high-end is the only way for most industries to mature, and the mobile phone industry is no exception. According to relevant data, the average selling price of mobile phones in China market has increased from 1500-2000 yuan to 3000 yuan. The sales volume is falling, the average selling price is rising, and high-end mobile phones are increasingly favored by consumers.

In order to enhance the competitiveness of products, mobile phone companies are gradually abandoning the original sea tactics and moving towards the "fine machine" mode. According to the data released by China Xintong Institute, from January to October 2022, there were 308 new models on domestic brands, down 10% year-on-year.

The folding screen just meets the needs of users’ high-end machines. However, compared with the "puffy" folding screen four years ago, the folding screen now is more "material".

Previous folding screens always revolved around two problems: poor quality and high price. The report on the development trend of GFK China Folding Screen Smartphone released in 2022 shows that weight and price are still the core issues that prevent users from buying folding phones.

At the same time, according to the survey data of Ai Media Consulting, nearly 80% of the interviewed users buy folding screen mobile phones for entertainment needs, and the reason why the interviewed users don’t buy folding screen mobile phones is that they are expensive, accounting for 59.5%.

Under the focus of mobile phone manufacturers, according to the folding screen mobile phones recently launched by mobile phone manufacturers, today’s folding screen mobile phones are lighter, cheaper and have stronger endurance. For example, on December 25th, OPPO released the new folding screen flagship machine-—OPPO Find N2, which weighs only 233g and costs less than 9000 yuan.

Like the flagship machine Pocket S launched by Huawei, the weight is controlled at 190 grams while maintaining the screen size; Samsung Galaxy Z Fold4 is only 263 grams; Xiaomi’s MIX Fold weighs only 262 grams. Nowadays, almost all folding screens have controlled the weight below 300 grams, which makes it more convenient for users to use.

The price problem doesn’t stop there, and the price will remain downward. According to the Counterpoint research report, in view of the increasingly fierce competition in the folding screen smartphone market, it is expected that its price will be more close to the people in 2023. It can be said that the folding screen mobile phone confirms its "worth" step by step.

2. Self-developed core parts, "cost reduction" achieved initial results.

In order to change the status quo and make the folding screen realize another spring in the mobile phone industry, mobile phone manufacturers choose to break through from the upstream of the industrial chain.

Previously, in the folding screen mobile phone industry, Samsung not only dominated the industry, but also controlled the main components. According to Fomalhaut Techno Solution in the report, Huawei folding mobile phones Mate Xs and Xiaomi Mix Fold both use flexible screens made by Samsung, and Korean parts account for about 30% ~ 50% of the total.

According to the Monitoring Report of Folding Screen Mobile Phone Industry in China in 2022, the quality problem is the biggest concern for users to buy folding screens. Among the quality problems concerned by consumers, the crease of mobile phone is the most concerned, and hinge technology is the key to the crease problem.

And the main cost of folding screen mobile phone is 69% higher than that of non-folding mobile phone, of which the main cost comes from hinge and screen. According to the data of CGS—CIMB, the BOM cost of Galaxy Fold, Samsung’s first-generation folding screen mobile phone, was 636.7 USD, of which the display module cost was 218.8 USD, accounting for 34.4%, and the mechanical/electromechanical structure cost was 87.5 USD, accounting for 13.7%.

The display module cost of Samsung’s bar phone Galaxy S9+ accounts for 21%, and the mechanical/electromechanical structure cost accounts for 7.9%. From the perspective of BOM cost, screens and hinges are the main sources of the increase in the cost of folding screens.

In order to eliminate "bad reviews" and prevent key parts such as hinges and flexible screens from getting stuck in the neck, China brand has been gradually realized.Domestic substitution. The data shows that the number of patent applications related to folding screen hinge technology in China is on the rise, and the number of patent applications related to folding screen hinge in China is 160 in 2020.

At present, independent research and development of hinge technology has gradually become the core solution of mainstream terminal factories. According to the incomplete statistics of the potential silver optical chain, the hinge technology of various terminal factories has been constantly breaking through and innovating with the release of products, such as the aerospace-grade floating silver hinge of VIVO and the double-rotating eagle wing hinge of Huawei.

On the other hand, the folding screen mobile phone on the market has been optimized from 100,000 times in the early stage to 400,000 times, which is obviously improved.

According to the forecast of relevant industry organizations, the global hinge market for folding screen mobile phones will be 1.267 billion yuan in 2021, and it is expected to increase by 136.8% year-on-year to 2.999 billion yuan in 2022, which shows that hinge technology is the focus of the current breakthrough of folding screen.

Moreover, the domestic upstream display industry has achieved breakthroughs in technology, manufacturing and market, and domestic panel manufacturers such as BOE, Shentianma, TCL Huaxing and Visionox have accelerated the innovation and mass production of flexible screens. According to Omdia data, the global OLED production capacity is expected to increase from 31.51 million square meters in 2021 to 75 million square meters in 2027.

Including the optimization of appearance, Samsung has weakened the width of the hinge and the black edge of the screen, accounting for the external screen of the Galaxy Z Fold.

Judging from the recently released new products, the functions of folding screen mobile phones have become more and more perfect, such as the newly released X Fold+ of VIVO, which continues the characteristics of VIVO bar mobile phones, focusing on battery life and fast charging functions. Similarly, the latest Find N2 released by OPPO also has the function of improving endurance and satisfying fast charging.

3. Has the problem of folding screen been solved?

The folding screen mobile phone market has maintained growth for several consecutive quarters, and the growth rate in the third quarter of this year has also reached a new high. In the forecasts of various institutions, the folding screen market is expected to grow significantly.

So, can this situation be maintained, and who is buying a folding screen mobile phone?

The market is inseparable from the word supply and demand. If there is supply, there will be demand.

From the demand side, users as a whole are younger. The data shows that the young people under the age of 35 among the latest folding screen mobile phone users have increased significantly, accounting for 58.2%. Therefore, the supply and demand sides change rapidly in functions such as battery life and thinness.

In addition, according to the daily interactive big data, users of folding screen mobile phones not only have high requirements for mobile phones, but also have certain pursuits for quality of life. For example, they love to use life sharing apps such as Little Red Book and Public Comment.

From the demand side, the folding screen mobile phone has gradually developed from the ready to the development stage. The oversized screen is no longer as "chicken ribs" as before, but has derived more entertainment, business and other performances in terms of user needs.

However, after a year of focus, have the problems of folding screen phones really been solved?

Of course not. In the process of development, any industry will inevitably encounter different problems.

Even though the folding screen market has maintained growth for several consecutive quarters, the reason for maintaining high growth lies more in the focus of mobile phone manufacturers and the small market scale.

On the whole, the optimization of folding screen market has achieved initial results, but the problem has not really been solved. Different from the big step forward of the industrial chain, the recognition degree of folding screen is still at a low level, whether from product design to personal experience.

Judging from the black cat complaint data, most complaints about folding screen mobile phones are still focused on screen quality.

At present, most social platforms are still full of spit on folding screen mobile phones, and some of the reasons for spit are still the problems that were spit out a few years ago, including but not limited to screen off-line, liquid leakage, black spots and so on.

The main frequency of the folding screen model is not as durable as that of the integrated model, and the damage degree is higher. What is more "fatal" is that the follow-up maintenance cost is also higher. Taking Samsung’s latest Z Flod4 as an example, the price of the inner screen+outer screen assembly has reached 4,460 yuan, even for the lower-priced Samsung ZFILIP 4, the assembly price of the inner and outer screens also needs 2,460 yuan.

In the solution to the screen, the practice of major mobile phone manufacturers is to launch a broken screen saver service. Like Huawei’s Pocket S and VIVO’s Fold+, the official broken screensaver price is as high as 1199. The broken screensaver is not only high in price, but also guaranteed for only one year, which invisibly increases the follow-up cost of consumers.

The development of folding screen is also in line with the "first cause effect". In the early stage of development, due to the product’s too small, high price, fragile screen and other problems, it brought a deep negative impression to consumers, which led to the difficulty of market education in the later stage and the low recognition of the product.

One of the key problems is that the crease of mobile phone has not been verified by the market.

Even with the rapid development of hinge technology, the current folding screen market is still in the development stage. The major mobile phone manufacturers have launched newly upgraded folding screen mobile phones for more than one year, while the average service life of a mobile phone is three years.

The screen material will accelerate the aging speed after being folded for a long time. Although official website publicizes that the current flexible screen can be folded for 500,000 times, it does not rule out the possibility that the screen will be folded because of repeated folding.

According to the observation of "Deep Eyes Finance", the folding screen mobile phone just changes the product form, its functional integrity is not as good as that of the straight smart phone, and the improved functions are basically corresponding to the straight smart phone.

The main highlights of folding screen are split screen and multi-video viewing, but these requirements are not just needed by users and are irreplaceable.

As a high-end series product that has been tempered in the market for four years, its underlying logic is undoubtedly to meet the premise that "the folding screen is indeed better than the ordinary straight mobile phone".

Compared with the straight mobile phone, the straight mobile phone with the same price is obviously better from the processor. For example, Huawei’s Pocket S is equipped with 4G Snapdragon 778 processor, and the price starts at 5988. The P50 released by Huawei last year was equipped with Snapdragon 888 processor, and the price was only 4,088 when it was released.

Hard power is important, and soft power is indispensable. On the whole, the folding screen mobile phone still has a large market space, but when imagining the future, we should also study how to meet the demand side and strive for a larger market share.

At this moment, defending the WTCR championship.

Steam potential Auto-First| Bai Yifeng

Although the COVID-19 epidemic continues to ravage, the final race of WTCR RV World Cup, which was originally scheduled to be held in Italy, was chosen to be held on November 15th in Aragon, Spain, but it still does not prevent it from being a world-class automobile race. In the end, Cyan Racing Lynk & Co team won the championship and runner-up in the third race in one fell swoop, and defended the championship with 429 points.

So far, the team has won 6 drivers’ championships in the six races of the WTCR RV World Cup in 2020, and won the podium for 19 times. Jan Herashe also won the drivers’ championship, representing the first time to win the world’s top car championship at his 24-year-old age, and becoming the youngest champion driver in WTCR history.

During the race, Cyan Racing Lynk & Co did not have a smooth ride. In the first race, due to the wet road surface of Aragon track, all the racing tires lacked grip and rushed out of the track many times. The team adopted the tire strategy of dry before wet, so it took the lead in the initial stage.

However, due to the car accident in the second race, Jan Ahrasche’s biggest competitor retired. Therefore, after the second race, Cyan Racing Lynk & Co team defended the 2020 WTCR team championship ahead of schedule.

Ordinary spectators may be more interested in this racing car. In this race, the BOP counterweight of 03 TCR racing car is 60Kg, and the supplementary counterweight is 40Kg. The whole car reaches 1365Kg, making it the heaviest racing car in this race. To know that the 03+ car weight of four-wheel drive has exceeded 1610Kg, you can imagine how much effort TCR has made in weight reduction.

At the same time, the height of the chassis is kept at 80mm, which is undoubtedly more suitable for the track compared with the coupe model of 120 mm-130 mm. As for why it doesn’t look so low? In order to ensure the tire strength, TCR racing car did not use tires with lower flat ratio. Even in such a difficult situation, the four drivers of the team were not affected at all.

Such excellent performance on the field benefited from the world-leading CMA basic module architecture, and continued to build high-end products with "high value, high performance, high technology, high safety and high value" for the global market, forming a three-dimensional product layout. At the same time, the 03 TCR racing car based on the 03 prototype not only won the honor in WTCR RV World Cup, but also remained strong in TCR CHINA.

In October, the monthly sales volume of automobiles reached 21,868 vehicles, up about 55.78% year-on-year, achieving seven consecutive months of growth. Among them, the sales volume of Model 03 reached 7,167 vehicles in October, becoming its main force and the only self-owned brand vehicle that can stand on the A+ market. Its continuous creation of automobile sports culture ecology makes everyone feel the rise of independent brands.

Expert: High-potassium fruit is a "deadly poison" for patients with kidney disease.

  Wuhan Evening News (correspondent Liu Shan, reporter Yan Yan) The man ate five oranges in one breath, and soon fainted to the ground, and his heart might stop at any time? Don’t doubt, it seems incredible, but it has something to do with the common disease of hypertension.

  Mr. Jiang, a 44-year-old from Houhu, opened a small shop by himself. Because he kept the shop every day, he seldom had any activities. More than ten years ago, he was diagnosed with high blood pressure, but he felt that he was young and strong. He didn’t take medicine at all. He only took it once in a while when he felt unwell. When he was well, he stopped taking medicine and never went to the hospital for a physical examination.

  Some time ago, Mr. Jiang always felt bored, and sometimes his calves were swollen, but he didn’t care too much. Before lunch the day before yesterday, he ate oranges while looking at the shop and ate five at a time. Not long after, Mr. Jiang lost consciousness and fainted on the ground. His family quickly called 120 ambulances to take him to the nearby Houhu Campus in central hospital of wuhan.

  After examination, his creatinine was as high as 1700umol/L, and his blood potassium was as high as 7.2mmol/l, while the normal concentration of blood potassium was 3.5-5.5 mmol/L. The doctor diagnosed it as uremia and hyperkalemia!

  The situation is critical and cardiac arrest may occur at any time. The rescue was carried out against time. After emergency hemodialysis, hypokalemia and other symptomatic treatments, Mr. Jiang finally turned the corner. Xiao Wei, Deputy Chief Physician of Nephrology, inquired about the medical history and found that Mr. Jiang himself suffered from hypertension, but there was no standardized treatment, and the result was uremia. And oranges are the "fuse" of the disease: rich in potassium. For uremia patients, oranges are delicious but deadly poison. Normal people can excrete excess potassium in their bodies through urine, but patients with chronic renal insufficiency have reduced potassium excretion ability because of renal function decline. If you eat a lot of high-potassium food, it may lead to the accumulation of potassium in the body and hyperkalemia, which may lead to cardiac arrest and life-threatening.

  Chen Wenli, director of the Department of Nephrology, said that in recent years, the increasing of hypertension and diabetes is an important reason for the increase of uremia patients. Long-term poor control of hypertension and hyperglycemia will lead to serious damage to renal function and eventually lead to uremia. Therefore, it is suggested that people with high-risk factors should treat and control diseases in a standardized way. In addition to regular monitoring of blood pressure and blood sugar, urine routine and renal function should also be checked regularly.

  As the Spring Festival is approaching, people with renal insufficiency such as uremia must keep their mouths shut and eat less or no foods with high potassium content, such as grapes, bananas, oranges, oranges, pomegranates, kelp, leeks and spinach, so as not to cause hyperkalemia. Potassium intake can be reduced by blanching vegetables. In addition, low sodium salt also contains a large amount of potassium salt, which can not be used for patients with chronic renal insufficiency.

Is the 2024 Beijing China Millennium Monument open during the Spring Festival? Opening hours and explanation arrangements

  Is Lantern Festival a legal holiday?

  No.

  National statutory holidays include:New Year’s Day, Spring Festival, Tomb-Sweeping Day, Labor Day, Dragon Boat Festival, Mid-Autumn Festival and National Day, and other festivals can not be regarded as legal holidays for the time being.

  Lantern Festival mainly includes a series of traditional folk activities such as viewing lanterns, eating glutinous rice balls, solve riddles on the lanterns and setting off fireworks. In addition, traditional folk performances such as Youlong lanterns, lion dancing, walking on stilts, boating, yangko dancing and playing Taiping drums have been added to the Lantern Festival in many places. In June 2008, the Lantern Festival was selected as the second batch of national intangible cultural heritage.

  Origin of Lantern Festival

  Lantern Festival is a traditional festival in China, and the formation of Lantern Festival custom has a long process, which is rooted in the folk custom of turning on lights to pray for blessings. Turning on the lights to pray usually begins on the 14th night of the first month, and on the 15th night, it is a "positive light", and the people point lanterns, also known as "sending lanterns", to carry out the activities of offering sacrifices to the gods and praying for blessings. The introduction of Buddhist culture in the Eastern Han Dynasty also played an important role in promoting the formation of the Lantern Festival custom. During the Yongping period of Emperor Han Ming, in order to promote Buddhism, Emperor Han Ming ordered "burning lanterns to show Buddha" in the palace and temples on the fifteenth night of the first month. Therefore, the custom of burning lanterns on the fifteenth night of the first month gradually spread in China with the expansion of the influence of Buddhist culture and the addition of Taoist culture. In the Northern and Southern Dynasties, lantern festival lights gradually became a trend. Liang Wudi believes in Buddhism, and the palace is full of lights on the 15th day of the first month. During the Tang Dynasty, cultural exchanges between China and foreign countries became closer, Buddhism flourished, and officials and ordinary people generally "burned lanterns to offer sacrifices to the Buddha" on the fifteenth day of the first month, so Buddhist lights spread all over the people. Since the Tang Dynasty, it has been legal to display lanterns on Lantern Festival. The fifteenth day of the first lunar month is the Lantern Festival, also known as Shangyuan Festival, Lantern Festival and Lantern Festival. The first month is the first month of the lunar calendar. The ancients called the night "Xiao", so they called the fifteenth day of the first month "Lantern Festival".

  ""Is the opening of the Beijing Lantern Festival attractions delayed in 2023? Summary of opening hours

  ""Where to play at the Lantern Festival in Beijing in 2023? Recommended lanterns and delayed opening attractions

  ""What are the Lantern Festival activities in Beijing’s municipal parks in 2023 (time+participation form) 

Tips: Search WeChat official account [Beijing local treasure] on WeChat, and reply to [Lantern Festival] in the chat dialog box after paying attention. You can get the recommendation of the ticket entrance of Beijing Lantern Festival activities, where to play (viewing lanterns+visiting temple fairs+solve riddles on the lanterns+enjoying flowers in the park) and other activities, self-driving/parent-child/Beijing outing and other theme routes.

On the first day of work years later, all walks of life in the new district quickly entered the working state.

  Open column language

  New year’s new atmosphere, strive to open a new bureau! 2023 is the first year to implement the spirit of the 20th Party Congress, a crucial year for Tianjin to build a socialist modern metropolis in an all-round way, and a crucial year to speed up the construction of a beautiful "coastal city" in the new era. At the beginning of the new year in the Year of the Rabbit, all the development zones, towns, departments and units in Binhai New Area are working hard, and every minute counts. A tough battle centered on the implementation of high-quality development support and leading actions in Binhai New Area is blowing horns and beating drums in the land of Bincheng. The vast number of builders in the new area are facing difficulties and seizing the opportunity. With the winning belief and high-spirited attitude of "starting at the beginning of the year, starting a decisive battle", they have turned a high-quality development "construction drawing" into a "real map". In order to fully show the vivid situation and brand-new look of "struggling to open a new bureau and make a good start" in the new district, and further carry forward the spirit of "starting a second business" in Binhai New Area, the media center of Binhai New Area has launched a column "Bincheng opened a new bureau to win a good start".

  Yesterday was the first working day after the Spring Festival holiday. The reporter walked into various departments, enterprises and construction sites in Binhai New Area, and a busy labor scene appeared in front of him. Everyone has said that we should start early, not take a nap, and quickly enter the working state with a full mental state to show the new year’s new atmosphere.

  The department actively serves the enterprise masses.

  At 9 o’clock yesterday morning, the government service staff in the bonded area had already sat in front of the computer. "Hello, what business do you handle?" The deputy agent wearing a "red ribbon" warmly greeted the staff of the enterprise after seeing them. After inquiry, it was learned that it was the enterprise that needed to apply for the Drainage Permit. Under the guidance of the deputy agent, the enterprise staff soon got the Drainage Permit through the "notification commitment system".

  "I thought that just after the New Year, the approval of the license would not be so fast. I didn’t expect the work efficiency of the bonded area to be so high after the year. It is so convenient for the company to get the Drainage Permit immediately by signing the letter of commitment! " The business staff said with satisfaction.

  Teng Lizhen, head of the government affairs service hall in the bonded area, said: "Although today is the first working day after the Spring Festival, the service windows of the government affairs service hall have all been opened, and the staff members are full of enthusiasm and full of energy to receive the business people who come to handle business.

  On the first day of work, the reporter learned from the District People’s Social Security Bureau that in order to seize the favorable opportunity of the Spring Festival and actively implement the relevant policies of stabilizing employment and ensuring employment, the new district began to organize a "Spring Breeze Action and Employment Assistance Month" job fair every week from January 29, and organized a live post-taking activity every month. In combination with the relevant requirements of epidemic prevention and control, offline recruitment activities were launched in a timely manner to build an efficient docking platform for employers and job seekers to help all kinds of people with employment needs get full employment. The vast number of job seekers and enterprises can log on to "Bincheng Employment Talent Network" in https://www.bhrc.com.cn to sign up.

  It is understood that the activities are mainly aimed at rural workers who are willing to work and start businesses, including rural laborers who plan to go out to work and start businesses nearby, migrant workers, workers who come to Tianjin in the pairing assistance area, all kinds of people with employment difficulties, graduates from previous universities and other job seekers, as well as employers with employment needs, especially key industrial chain supply chain enterprises.

  Enterprises strive to achieve a "good start"

  On the first day of work years later, although the festive atmosphere has not completely dissipated, all the staff of Tianjin International Biomedical Joint Research Institute quickly returned to their posts with full spirit and started a new journey in the New Year. In the laboratory on the eighth floor, several staff members in lab clothes are absorbed in the experimental operation. The R&D Center for Transformation Products of the Joint Research Institute has been deployed according to the work plan for 2023, and the annual order task has been arranged. All the staff of the center began to carry out relevant experiments in early January. "At present, the first batch of customized synthetic orders (ADC drug Liner) has been completed halfway. On the first day after the end of the Spring Festival holiday, the center staff immediately put into the experiment, made synthetic feeding, and closely connected the experimental work before the holiday to ensure that the order task was completed in an orderly manner according to the time node. " Dr. Cai Yan, director of the R&D Center for Transformation Products of the Joint Research Institute, was busy with the experiment while introducing it.

  Yesterday, the reporter learned from Lishen Battery, an enterprise in High-tech Zone, that Lishen Battery adheres to the spirit of "decisive battle is the beginning, and sprint is the beginning", and has continuously produced, stabilized and increased production, welcoming the "acceleration" of production and "a good start" of development.

  In the production workshop of Lishen battery, the PACK production department made every effort to ensure that the upcoming Dongfeng supporting power battery project was successfully delivered, and the front-line employees stuck to their posts without taking a nap and quickly put into work. From equipment inspection, commissioning, line alignment to first article confirmation and start-up production, the team cooperated tacitly, and the production rate was planned to reach 100% on the same day. The person in charge of Lishen Battery said that in the new year, the company will usher in new development opportunities and achieve new breakthroughs in scientific and technological innovation, capacity improvement and base construction. In 2023, the project is expected to produce supporting power batteries for more than 45,000 new energy vehicles.

  On the first day of work after the holiday, the dry composite film workshop, the third phase expansion project of Gaolier (Tianjin) Packaging Co., Ltd. located in Tianjin Port Free Trade Zone, showed a busy scene: the equipment was running stably, the technicians were skilled in operation, and the composite film was running smoothly on the roller … After joint acceptance, electromechanical installation and joint operation and debugging of the equipment, the project entered the trial production stage. However, the related equipment operation indexes of photovoltaic power generation projects that have just completed grid-connected power generation have also remained stable, and enterprises have enjoyed the new impetus brought by green energy.

  It is understood that Gaolier (Tianjin) Packaging Co., Ltd. belongs to Italian Gaolier Group, an industry leader in the field of flexible packaging. Since it was completed and put into operation in Tianjin Port Bonded Zone in 2006, it mainly produces composite packaging bags for liquid products and patented products in the coffee field, and is committed to providing a full range of customized packaging solutions. After more than ten years’ development, the company has all kinds of excellent packaging equipment and a complete set of quality inspection equipment, which ensures sufficient production capacity and stable quality.

  The construction site played the "Endeavour Music" for returning to work after the holiday.

  The reporter saw at the construction site of Tianjin Port’s special freight passage project yesterday morning that a new year’s construction has been started here with the rumble of machines. On-site graders and bulldozers are advancing back and forth in an orderly manner, and the site is being leveled; Excavators and drillers are lined up in turn, and drilling is performed according to the working procedure. The company broke the practice of entering the site after the spring blossoms in previous years, implemented the project content according to local conditions, and rationally arranged and adjusted the process plan according to the temperature conditions, which greatly improved the effective utilization rate of time during the construction period.

  It is understood that in order to achieve the project construction goal, 300 workers and more than 100 sets of construction equipment have been put into work after the holiday. At present, the main construction contents of the project are bridge pile foundation construction, water supply and drainage construction, subgrade construction and temporary construction of the project.

  The Spring Festival holiday is not over yet, and all the builders of the second phase project of Binhai New Area Hospital of Traditional Chinese Medicine have already returned to their posts and made all the preparations before construction. The second phase of Binhai New Area Hospital of Traditional Chinese Medicine has a construction area of about 40,000 square meters, and 426 beds are planned to be added. It will build single buildings such as administrative research building, inpatient building and fever inpatient building, which is expected to be completed in 2026. On the basis of the Luban Award of China Construction Project in 2022-2023, the first phase of the project will create a high-quality project with the management of "standardization, standardization and refinement". The reporter learned at the scene that at present, the pile foundation project of the project has resumed construction, and the "Endeavour Song" for returning to work after the holiday has been fully played, and it has been advanced in an efficient and orderly manner towards the established construction goals.

Source: Bincheng Times

Reporting/feedback

This Spring Festival, gold has sold out again! Zodiac transit beads sell thousands of pieces a day. Netizen: Wait until the price is reduced before buying.

China Economic Weekly-Economic News The China Gold Association said on the 18th that during the Spring Festival, despite the high price of gold, China’s gold consumption is still hot, and gold jewelry and dragon year gold bars have become the most popular products.
According to CCTV’s financial report, a person in charge of a gold shop said that the zodiac transshipment beads will sell more than thousands of pieces every day. Judging from the sales situation in different regions, gold consumption has also entered second-and third-tier cities from first-tier cities.
Gold analysts said that not only the first-tier cities such as Beijing and Shanghai have strong sales demand, but also the demand for gold jewelry, including gold investment, has increased significantly in various provinces and cities across the country.
Some netizens said, "Even the gold jewelry in my hometown’s 18-line county during the Spring Festival is sold out!" "Zodiac transit beads have emotional value needs, and gold products also have the function of maintaining and appreciating investment, so the gold consumer market continues to prosper." "Wait for the price of gold to be reduced before buying, and regret that I didn’t start before." "Investment needs to be cautious!"
New Media Editor: Wang Xinjing
Reporting/feedback

Two departments: after 2020, candidates with technical secondary school education will no longer be accepted to take the licensed pharmacist exam.

  BEIJING, March 20 (Xinhua) According to the website of the Ministry of Human Resources and Social Security, National Medical Products Administration and the heads of relevant departments of the Ministry of Human Resources and Social Security answered questions from reporters on the Provisions on the Professional Qualification System for Licensed Pharmacists and the Implementation Measures for the Professional Qualification Examination for Licensed Pharmacists. The relevant person in charge said that this system revision has set up a connection plan for the transition between the old and new systems for technical secondary school education. The transition period will end on December 31, 2020, and candidates with technical secondary school education will no longer be accepted after 2020.

  1. What is the background and significance of the revision of the System Regulations and Examination Measures?

  A: The licensed pharmacist system in China was established in 1994. In 1999, the former National Medical Products Administration and the former Ministry of Personnel jointly revised the Interim Provisions on the Qualification System of Licensed Pharmacists and the Implementation Measures for the Qualification Examination of Licensed Pharmacists (No.34 [1999] of the People’s Republic of China, hereinafter referred to as "Document No.34"), which clearly stipulated that licensed pharmacists should implement a unified national outline, unified examination, unified registration and unified management. Over the years, licensed pharmacists have played an active role in guiding the public to use drugs safely and rationally and ensuring the quality and safety of drugs. By the end of 2018, the number of people who passed the licensed pharmacist qualification examination had reached 1.03 million.

  With the implementation of new laws and regulations and the development of drug safety supervision, some new situations and problems have emerged in the work of licensed pharmacists, and Circular 34 has been unable to meet the needs of the construction and development of licensed pharmacists and supervision. First, with the development of China’s pharmaceutical higher education and the increasing demand for public medication safety, the admission conditions for licensed pharmacists stipulated in Document No.34 can no longer meet the requirements of the current situation. Second, in view of the outstanding problems in the management of licensed pharmacists, such as "certificate attachment" and the failure of enterprises to equip licensed pharmacists as required, Circular No.34 lacks corresponding punishment clauses and grass-roots supervision cannot be relied upon. Third, the administrative subject of the implementation of the current system has changed several times.

  In order to meet the needs of reform and development, rationalize the management rights and responsibilities of licensed pharmacists, speed up the construction of licensed pharmacists, and ensure the safe and effective use of drugs by the public, the two departments revised Circular 34 on the basis of fully listening to opinions from many parties.

  Two, compared with the original system, what are the main changes in the "system regulations" and "examination methods"?

  A: First, improve the entry threshold for licensed pharmacists’ academic qualifications, adjust the minimum academic qualifications from technical secondary school to junior college, and appropriately increase the working years of candidates in related majors in pharmacy (Chinese pharmacy). The second is to carry out information management on the registration of licensed pharmacists nationwide, establish credit records of licensed pharmacists, and conduct credit management on practice activities. The third is to clarify the punishment measures for licensed pharmacists and practicing units, and to restrict licensed pharmacists with bad information records when applying for registration. The fourth is to strengthen the operability of linking the professional qualification of licensed pharmacists with the intermediate professional title of pharmacy. Fifth, it is clear that Hong Kong, Macao and Taiwan residents are treated equally with mainland residents when they participate in national licensed pharmacist qualification examination, registration, continuing education and practice. Sixth, adjust the examination period from two years to four years, and extend the examination period appropriately.

  3. What are the specific requirements of the "Regulations" for the qualification examination of licensed pharmacists?

  A: In order to improve the quality of licensed pharmacists, strengthen the professionalism of the team, and highlight the post practice requirements, this revision will adjust the entry threshold for licensed pharmacists’ academic qualifications from secondary school to junior college, and appropriately increase the working years of relevant professional candidates in pharmacy (Chinese pharmacy).

  The "Regulations" clarify that all People’s Republic of China (PRC) citizens and foreigners who are allowed to work in China can apply for the professional qualification examination for licensed pharmacists if they meet one of the following conditions: (1) They have obtained a college degree in pharmacy and Chinese medicine, and have worked in pharmacy or Chinese medicine for 5 years; (two) to obtain a bachelor’s degree or bachelor’s degree in pharmacy or Chinese medicine, and to work in pharmacy or Chinese medicine for 3 years; (3) Having obtained the second bachelor’s degree, graduate class or master’s degree in pharmacy or Chinese pharmacy, and having worked in pharmacy or Chinese pharmacy for one year; (four) to obtain a doctorate in pharmacy and traditional Chinese medicine; (5) Persons who have obtained corresponding academic qualifications or degrees in pharmacy or traditional Chinese medicine will have their working years in pharmacy or traditional Chinese medicine increased by one year.

  4. How do the Examination Measures stipulate the conditions for applying for some examination subjects with exemption?

  A: The "Examination Measures" canceled the original working years for the conditions for applying for some examination subjects that are exempt from examination. In accordance with the relevant provisions of the state, those who have obtained senior professional titles in pharmacy or medicine and work in pharmaceutical posts may be exempted from taking the examination of pharmaceutical professional knowledge (1) and pharmaceutical professional knowledge (2), and only take the examination of pharmaceutical management and regulations and pharmaceutical comprehensive knowledge and skills; Those who have obtained the senior professional title of Chinese medicine or Chinese medicine and work in the post of Chinese medicine can be exempted from the examination of Chinese medicine professional knowledge (1) and Chinese medicine professional knowledge (2), and only take the examination of pharmaceutical affairs management and regulations and comprehensive knowledge and skills of Chinese medicine.

  Applicants with senior titles who meet the requirements of exemption from the two subjects must work in pharmacy or traditional Chinese medicine and obtain senior titles in pharmacy or medicine, and their qualifications for senior titles should be obtained before the deadline for registration. Those who have worked in pharmacy or Chinese pharmacy and obtained senior professional titles in pharmacy or medicine but have not been employed in the corresponding positions may apply for the exam.

  V. What transitional policies or measures are there for the applicants with technical secondary school education in this revision?

  A: In order to protect the legitimate rights and interests of candidates, this system revision has set up a bridging scheme for the transition between the old and new systems for technical secondary school education, with the transition period ending on December 31, 2020. Those who meet the requirements of the original No.34 document and register for the examination in 2018 and 2019, the validity period of the examination results shall be implemented according to the original provisions of 2 years; Those who sign up for the exam in 2020 should complete all the exam subjects within that year, and will no longer accept candidates with secondary school education after 2020.

  Six, how to manage the continuing education of licensed pharmacists, and how to effectively link the registration management with continuing education?

  A: Licensed pharmacists should receive continuing education, update their professional knowledge and improve their professional level in accordance with the relevant provisions of the national continuing education for professional and technical personnel. The state encourages licensed pharmacists to participate in practical training. The continuing education credits of licensed pharmacists shall be recorded in the national licensed pharmacist registration management information system in time by the continuing education management institution.

  7. How are the professional qualifications and professional titles of licensed pharmacists linked?

  A: In order to implement the relevant requirements of the reform of the central professional title system and promote the effective connection between the professional qualification system and the professional title system, the "System Regulations" clearly stipulates that professional and technical personnel who have obtained the professional qualification of licensed pharmacists can be recognized as having the title of competent pharmacist or competent Chinese pharmacist, and can be used as a condition for applying for a higher-level professional title. The unit selects the best one according to the needs of the work.

  Eight, the "Regulations" on the "Licensed Pharmacist Registration Certificate" linked to other acts of what punishment?

  A: In order to solve the problem of law enforcement at the grass-roots level, the "Regulations on the System" stipulates a number of measures to solve the regulatory problems such as the on-the-job absence of licensed pharmacists and the affiliation of the Registered Certificate of Licensed Pharmacists. For example, the second paragraph of Article 13 stipulates that applicants for registration must abide by the law and discipline, abide by the professional ethics of licensed pharmacists, and have no bad information records. Article 26 stipulates that units that fail to equip licensed pharmacists according to regulations shall be ordered by the local drug supervision and administration department at or above the county level to equip them within a time limit, and shall be punished in accordance with relevant laws and regulations. Article 28 stipulates that if a licensed pharmacist registration certificate is obtained by cheating, bribery or other improper means, the licensed pharmacist registration certificate shall be revoked by the issuing department and the licensed pharmacist shall not be registered within three years; If a crime is constituted, criminal responsibility shall be investigated according to law. It is strictly forbidden to link the Licensed Pharmacist Registration Certificate. If the registered unit of the holder is inconsistent with the actual work unit, the Licensed Pharmacist Registration Certificate shall be revoked by the issuing department and recorded in the national licensed pharmacist registration management information system as personal bad information by the department responsible for drug supervision and administration. Units that buy, sell or lease the Licensed Pharmacist Registration Certificate shall be punished in accordance with relevant laws and regulations.

  The "Regulations on the System" clarifies the punishment measures for the violations of licensed pharmacists and practicing units, so that grass-roots supervision has laws to follow. When applying for registration of licensed pharmacists with bad information records, the registration will not be approved until the bad information records are revoked. Through the establishment of licensed pharmacists’ integrity records and licensed pharmacists’ big data management, we will increase the crackdown on licensed pharmacists’ "hanging certificates" and establish a normalization mechanism for "hanging certificates" governance.

  9. What are the new regulations for Hong Kong, Macao and Taiwan residents in this revision?

  A: In order to further facilitate the work and life of Hong Kong, Macao and Taiwan residents in the Mainland (Mainland) and promote the technical exchange of pharmaceutical professionals and technicians, the "System Regulations" has specially added relevant provisions for Hong Kong, Macao and Taiwan residents to apply for the professional qualification of licensed pharmacists, making it clear that Hong Kong, Macao and Taiwan residents’ application for national licensed pharmacist qualification examination, registration, continuing education, practice and other activities, just like mainland (Mainland) residents, should be handled with reference to relevant regulations.

  X. How to promote the follow-up work after the promulgation of the "System Provisions" and "Examination Measures"?

  A: We will do a good job in the following four aspects: First, we will do a good job in organizing and implementing the system. Carry out various forms of publicity and policy interpretation, so that the majority of pharmaceutical technicians can fully know, understand and support the newly revised "System Provisions" and "Examination Methods". Second, taking the opportunity of system revision, we will carry out centralized rectification of licensed pharmacists in pharmaceutical retail enterprises to promote the healthy and benign development of licensed pharmacists’ professional qualification system. The third is to pay close attention to the revision of the "Administrative Measures for the Registration of Licensed Pharmacists" and other supporting documents. The fourth is to implement the development goals and tasks of licensed pharmacists in the "Thirteenth Five-Year National Drug Safety Plan", strengthen the supervision and inspection of licensed pharmacists in retail pharmacies, standardize the practice behavior of licensed pharmacists, and guide and urge enterprises to implement the main responsibility of licensed pharmacists.

Zhilin Information applied for the patent of remote vocational education examination system and method based on cloud service, and realized the remote vocational education examination system with flex

The patent abstract shows that the invention discloses a remote vocational education examination system and method based on cloud services, which relates to the technical field of remote examinations, and comprises a system management module, a test paper generation module, an online examination module and an analysis feedback module; The system management module is used to manage data storage and backup, the cloud server interface connected with the education system and data security detection; The test paper generation module is used to screen out the test questions from the test question bank according to the distribution, difficulty, innovation and novelty of knowledge points; The online examination module monitors the abnormal behavior of candidates in real time from two aspects: surveillance video monitoring and network activity monitoring; The analysis and feedback module adjusts the test paper generation method based on the examinee’s comprehensive anomaly index. The invention realizes a remote vocational education examination system with flexible test paper generation method and comprehensive abnormal behavior monitoring method.

CCTV.com


     

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    News from CCTV.com (broadcast through Hongkong on May 29th):   > > > > Click to watch the video. ….


    In the face of the fierce financial turmoil, the Hong Kong SAR Government used its magic weapon. What thrilling dispute stories happened in several confrontations with Soros? Why did the then Financial Secretary Donald Tsang secretly cry? What are the mysteries hidden in the final Armageddon? "Through to Hong Kong" today broadcasts a special program "Ten Years of Memories of Financial Defence (Part II)".







That financial storm was threatening in those days.







How does the Hong Kong authorities resolve the financial crisis?







Why did Donald Tsang secretly shed tears during the financial turmoil?


    The financial storm that started to make waves in July 1997 swept across Asia like a volcanic eruption, and then stirred the whole world. Those countries that fell in the storm were mired in the quagmire of economic collapse and could only be slaughtered by others. However, Hong Kong, which is still standing in the storm, has already suffered from black and blue wounds in its financial market. At this time, the SAR Government has realized that although the impact of international speculators has been defused several times, a more violent storm has not yet arrived, and the SAR Government must meet the challenge with tougher measures and a more active attitude. It is also at this time that Soros, who has been waiting for the best opportunity, is constantly accumulating energy and preparing to launch a final blow to Hong Kong. The decisive battle of Hong Kong’s financial defense finally kicked off in August 1998.     


    Details:


    Welcome to the special program on the 10th anniversary of Hong Kong’s return to China, which was produced by "Through Hong Kong".






      The financial storm that started to make waves in July 1997 quickly swept through Asia like a volcanic eruption and then stirred the whole world. Those countries that fell in the storm were trapped in the quagmire of economic collapse and could only be slaughtered. However, Hong Kong, which is still standing in the storm, has also suffered from black and blue financial markets. At this time, the SAR Government has realized that although the impact of international speculators has been defused several times, a more violent storm has not yet arrived, and the SAR Government must meet the challenge with tougher measures and a more active attitude. It is also at this time that Soros, who has been waiting for the best opportunity, is constantly accumulating energy and preparing to launch a final blow to Hong Kong. The Armageddon of Hong Kong’s financial defense finally kicked off in August 1998.



      On August 5, 1998, international speculators sold more than 20 billion Hong Kong dollars in one day. The Hong Kong Monetary Authority changed its passive approach in the past, and absorbed all of Hong Kong’s fiscal reserves to stabilize the foreign exchange market at the level of HK$ 7.75 to US$ 1, and the interbank market borrowing interest only increased slightly.


      On August 6th, speculators sold more than HK$ 20 billion, and the Monetary Authority made a new move, not only accepting all the Hong Kong dollars according to the order, but also depositing them into the Hong Kong banking system, which played a role in stabilizing interbank lending interest and prevented the stock market from falling due to the increase in interest rate.


      On August 7th, the Hang Seng Index fell by 212 points, or 3%, due to the poor performance of some blue-chip stocks that have announced interim results. In the following trading days, from 7th to 13th, the Hong Kong government continued to adopt the method of absorbing Hong Kong dollars to stabilize the interbank interest rate and thus achieve the goal of stabilizing the stock market. However, due to speculators’ short selling in the stock market, the Hang Seng Index finally fell to a low around 6,600 points, almost 10,000 points lower than a year ago, and the total market value evaporated by HK$ 2 trillion in one year. .


      On August 13th, after the Hang Seng Index was suppressed to 6,660 points, the Hong Kong government organized Hong Kong capital and mainland capital to enter the market, and launched a battle with rivals for the August stock index futures contract. Speculators want to suppress the index, while the Hong Kong Government wants to hold the index, forcing speculators to fail to cash out their contracts in full before the end of August. After entering the market, the Hong Kong Government bought a large number of August stock index futures contracts shorted by international speculators, pushing the futures index up from 6,610 points before entering the market to 7,820 points on the 24th, which was higher than the average opening price of 7,500 points by investment speculators, and achieved initial victory. After the market closed that day, the Hong Kong Government announced that it had used the Exchange Fund to intervene in the stock market and futures market.


      On August 14th, the Hong Kong government officially participated in the stock market and futures market transactions. In order to safeguard the Hong Kong dollar, the Hong Kong Government brought huge amounts of exchange funds into the stock market and futures market to directly confront speculators. The Hong Kong Government issued instructions to a number of securities firms in Hong Kong, such as Bank of China, Dodoli and Hesheng, to absorb a large number of blue-chip stocks in the Hang Seng Index, saying that it must raise the stock index in August by 600 points at all costs. The Hong Kong government’s reversal of the previous policy of "positive non-intervention" has dealt an unexpected heavy blow to speculators.


      On August 24th, in order to break the speculators’ arbitrage plan, the Hong Kong Government took the initiative again and intervened in the market with HK$ 5 billion. On that day, the Hang Seng Index fluctuated violently, with a short-term plunge of 300 points, and then it was quickly pulled back. At the close, the Hang Seng Index rose by 318 points.


      For the snipers and defenders of Hong Kong’s financial market, this is definitely a thrilling August. The curtain of the decisive battle has been opened, and the last moment of the decisive battle is coming. August 28th, 1998 is the settlement date of August contract of Hong Kong Hang Seng Index Futures. International speculators have a large number of futures orders that must be sold when they expire. If the stock market and foreign exchange market can stabilize at a high level or continue to break through, speculators will lose hundreds of millions or even more than one billion dollars. On the contrary, the tens of billions of Hong Kong dollars invested by the Hong Kong Government before will be thrown into the sea. Two rivals who have been fighting in the financial market for a whole year have finally waited for the final battle to decide life and death.


      On August 27th, 1998, bad news kept coming from the global financial field. The US Dow Jones stock index fell by 217 points, and the European and Latin American stock markets fell by 3% ~ 8%. The Hong Kong stock market is facing a severe test. Under the command of Donald Tsang, the then Financial Secretary of the SAR, the Hong Kong Government injected about HK$ 20 billion a day, which steadily boosted the Hang Seng Index by 88 points, laying the foundation for the final decisive battle. On the same day, Soros’s Quantum Fund publicly declared that the Hong Kong Government would fail. This kind of public challenge to a government in the name of a company or individual, threatening to defeat a government, is unprecedented. Of course, there is intimidation in this, but it also shows Soros’s ambition and confidence. For this decisive battle, both sides are prepared, and no one can afford to lose.


      August 28th may be the longest day in Hong Kong since there was a stock market.


      At 10 o’clock in the morning, the transaction officially began. Only five minutes after the market opened, the turnover of the stock market exceeded HK$ 3.9 billion. Half an hour later, the turnover exceeded HK$ 10 billion, and by the close of the morning, the turnover had reached HK$ 40 billion, which was close to the record of HK$ 46 billion daily turnover set on August 29, 1997.


      After the market opened in the afternoon, the selling continued unabated, and the Hong Kong government accepted all the orders, and the turnover climbed all the way, while the Hang Seng Index and the Futures Index remained above 7,800 points. As the bell rang at 4 o’clock in the afternoon, the constantly beating Hang Seng Index, Futures Index and transaction amount on the display screen were finally locked at 7829, 7851 and 79 billion respectively.


      The Financial Secretary of the Hong Kong Special Administrative Region immediately announced that the Hong Kong Government had won the battle against international speculators and defending the Hong Kong stock market and the Hong Kong dollar.


      If we leave aside the tragic war on this day, then the closing point of the Hang Seng Index in Hong Kong on the 28th is really a very dull number, which is even 93 points lower than that of the previous day. However, the significance of this figure to Hong Kong’s financial market is immeasurable. It has made Hong Kong’s stock market stand firm, leaving international speculators with no room for profit, and because their contracts have expired, they will inevitably suffer huge losses. This enter the dragon was later written into the financial textbooks of many countries all over the world, and it also became an important plot in many film and television dramas. However, no matter how it was deduced in actual combat in class or how it was performed in movies, it was not as wonderful as that day.


      August 28th, 1998 is a heartbreaking day for many speculators. They came with the results of sweeping Southeast Asia and the ambition of sweeping Hong Kong, and their battle plan was not careless. Perhaps their only failure was to underestimate the determination of the Hong Kong SAR government. The Hong Kong government, which has always pursued a zero-intervention economic policy, actually carried 98 billion US dollars of foreign exchange reserves and entered the stock market and the foreign exchange market for a large-scale defense.


      On the 28th, international speculative funds almost rushed out in an attempt to completely suppress the stock index, while the Hong Kong government took all the sales orders and held them to the stock market. The transaction amount on this day reached HK$ 79 billion, setting a record for a single day in the Hong Kong market.


      After the decisive battle on the 28th, international speculators also made a fight against the trapped animals. They believe that neither financial pressure nor public opinion pressure can sustain the SAR Government for a long time, so they decided to transfer the contract from August to September, hoping to fight a protracted war with the Hong Kong Government. The SAR government immediately made a decision to continue to push up the price of stock index futures, forcing speculative capital losses to leave. On September 7, the Hong Kong Monetary Authority promulgated new regulations on foreign exchange, securities trading and settlement, which greatly restricted speculators’ speculation. On that day, the Hang Seng Index soared 588 points and stood at the 8,000-point mark. The losses of international speculators further intensified and eventually they had to retreat from Hong Kong.


      It is estimated by Hong Kong market participants that the Hong Kong government invested more than HK$ 100 billion in the two-week stock market support operation, and concentrated on acquiring the shares of several major blue-chip companies in Hong Kong, becoming the major shareholders of several blue-chip companies in Hong Kong. After that, everyone knows the story. The Hong Kong market gradually recovered its vitality. In 1999, the Hang Seng Index returned to more than 10,000 points, and the Hong Kong government completely withdrew from the stock market, earning billions of dollars.


      At that time, there were loud voices for and against the government’s abandonment of the "zero intervention policy" and the use of foreign exchange reserves to intervene in the stock market and futures market. Today, conservative economists still believe that this move has damaged the international image of Hong Kong as a free economy. Soros even launched world public opinion and attacked the Hong Kong government for "administrative intervention in the market", which violated the rules of the market economy. However, supporters believe that the economy manipulated by speculative capital is not a free economy, and the Hong Kong government entered the market precisely to break this manipulation. Donald Tsang, the Financial Secretary of Hong Kong who personally directed the market entry operation at that time, was even more deeply impressed.


      Tsang Pau Siu-Mei, the wife of Donald Tsang, never asked about her husband’s official business. Even if Donald Tsang attacked an "international financial tycoon" in the financial turmoil, she knew nothing beforehand.


      "That summer (1998), I went to Jiuzhaigou with him (Donald Tsang). At that time, he had been calling back to Hong Kong. When he and I went to Istanbul later, I only felt that he had been preparing something urgent. Halfway through the trip, he suddenly said that something important had come back to Hong Kong, leaving me alone in Istanbul, having no idea what had happened. After returning to Hong Kong, I realized that he had made a decision to enter the market. "


      In a letter to his younger brother, Donald Tsang explained why he was in favor of entering the market.


      "Why should I make this intervention decision? ….. If the government does not take action again, the stock market will fall to an unreasonable level because of manipulation, interest will continue to be high, the Link will continue to be under pressure, and economic recovery will only be in the foreseeable future. "


      "You may ask, why doesn’t the government just announce the abandonment of the linked exchange rate? ….. Decoupling at this time will only make Hong Kong people lose their confidence in the Hong Kong dollar overnight. Hong Kong is an economy that relies heavily on exports. Once the linked exchange rate is lost, the stability of Hong Kong’s foreign trade will be immediately reduced, and the stock market and property market will plunge again, interest rates will soar, and the economic environment will further deteriorate. Even in the long run, it may not be the blessing of Hong Kong people. "


      Donald Tsang later said that he shed tears the night before the government decided to intervene in the market. But as he said in his letter: government participation in the market is a dilemma. Now that I have made this decision, I must stick to my principles and accept criticism. ….. I will never take it lightly, and I will redouble my efforts to account to the people of Hong Kong. ….. Our life is very difficult. But I don’t believe that we Hong Kong people will lose.


      At that time, Soros, who sang against Donald Tsang, gave people the impression that he was a very mysterious figure. Even the specific figure of his losses in Hong Kong has never been known, so there will always be some deductive elements when talking about him. At that time, there was a widely circulated saying that some people even mentioned in the article that in 1998, when Soros directed speculative funds to attack Hong Kong in turn, an incident that happened in the mainland of China surprised him.


      In March 1998, Zhu, who just became the Prime Minister of the State Council, China? Ji held his first press conference in the Great Hall of the People in Beijing.


      "If Hong Kong needs it, the central government will defend Hong Kong at all costs!"


      This is the sentence that surprised Soros. It is said that Soros was drinking tea at that time, and when he heard this sentence, the cup in his hand fell to the ground. Although the truth of this statement cannot be verified, the firm support of the China government is a great encouragement to Hong Kong compatriots and a shock to international speculators.


      In fact, in 1998, China’s economy also encountered many difficulties, such as declining export growth rate, sluggish domestic demand, and catastrophic floods. At that time, the whole world almost unanimously declared that China’s economy would struggle if the RMB did not depreciate. However, in a highly responsible attitude, the China government has made a solemn commitment not to devalue the RMB from the overall situation of maintaining stability and development in the region. To show sincerity, the China government also narrowed the floating range of the RMB against the US dollar.


      While insisting that the RMB will not depreciate, the China government has adopted the policy of expanding domestic demand and stimulating economic growth, which has maintained the healthy and stable growth of the domestic economy and played an important role in easing the economic tension in Asia and promoting the economic recovery in Asia.


      The financial defense war in Hong Kong, which happened at the end of last century, is still talked about by people, although there is no sword and shadow, and there is no smoke. When many economies collapsed in the face of the storm, the young Hong Kong Special Administrative Region withstood Soros’s indiscriminate bombing and kept the development achievements of Hong Kong for decades. If one day, we can read Soros’s autobiography, I wonder how he will describe the Waterloo in Hong Kong.

    Editor: Liu Di