"Security is no small matter": What should I do when the game encounters security problems?

On March 5, 2024, Tropic Haze, the author of NS simulator "Yuzu", announced that it had reached a settlement with Nintendo, paid 2.4 million US dollars in compensation, stopped the subsequent simulator development and operation, and closed related websites.

Although many players complain that they wouldn’t use the simulator if it weren’t for the poor performance of NS machines. However, with the increasing awareness of copyright of players today, almost no one will refute the fact that "cracking games is illegal". "Game safety" is not only related to game manufacturers, but also closely related to players.

Some players are worried that they will be liquidated by Nintendo after using Yuzu simulator.

In fact, "game security" occupies a very important position in the game industry, and both players and practitioners have to deal with it almost every day. However, people usually don’t discuss it much, because "game security" has certain technical barriers.

In China, game security is almost directly linked to big factories. Because of the high cost of the security team, only big factories have enough financial resources. Large factories can make adequate plans before safety accidents happen, but on the other hand, small and medium-sized factories and independent developers, which also occupy most positions in the industry, often find it difficult to make appropriate responses when faced with various safety problems.

To this end, we found a high-tech security service provider FairGuard, which focuses on game reinforcement and anti-plug-in, and jointly found some game security cases that are close to gamers and practitioners and exposed to the public, and analyzed them from a professional perspective. We hope to let the public fully understand the specific operation, function and significance of game security.

In the field of game security, the worst professional but most common case type is DDoS attack (distributed denial of service attack). Because of its characteristics, small and medium-sized manufacturers and independent developers are more vulnerable to such attacks.

For example, the mobile game "Lesonas" launched on February 29th this year was attacked by DDoS organized by ACCN. The game had to be delayed for 1 hour, and many players reported that the game was stuck on the first day. Every time they read a line, it took more than 10 seconds to get to the next sentence. The main means of ACCN is to ask the project team to pay the "protection fee", otherwise it will keep attacking. Coincidentally, a mobile game with 7 digits for users is also attacked by DDoS at the service node. If it is not solved in time, the losses caused are incalculable.

Whether there are too many players or they are attacked can be intuitively observed from the background data.

The basic principle of DDoS attack is that the attacker uses a large number of "broilers" (computers remotely controlled by hackers) to occupy the bandwidth or CPU of the game server. If the game server is compared to a hotel, it is like the hotel just opened, and suddenly a group of people came to the door of the hotel to block the door, so that normal diners could not squeeze in, or this group of people entered the hotel and occupied most of the tables, and kept asking the waiter to order, but the waiter could not drive them away, and other diners were also affected.

In order to improve the efficiency of making money, it is often the studio with clear division of labor (such as ACCN organization) that uses DDoS attacks for extortion. Some people will "find" the games to be launched, and record the volume, type and online time of the games. Others will launch attacks according to these records, and there may be a special group of people who will be responsible for contacting various game project teams to confirm the payment.

A "special person" responsible for collecting money

Of course, these behaviors are illegal, but it is difficult for the project team to trace the source and pursue the responsibility. First, the members of such organizations may not be in China, and the server IP address has been transferred several times; Second, attackers generally use virtual currency transactions such as Bitcoin.

Every year, there are a large number of announcements about developers being blackmailed by ACCN organizations on game platforms such as TapTap. Although some platforms and publishers will provide protection services, for developers, "I am not afraid of thieves stealing, but I am afraid of thieves remembering". Attacks that come from the dark and I don’t know when will always be a hidden danger.

From the perspective of technical protection, DDoS attacks are only a matter of money. The volume of the game is different, and the traffic of the attack will be different. After all, the attack also needs to cost. If this degree is not balanced, it is likely to be a loss-making business.

The cost of "broiler" is low, but the cost of preventing "broiler" is high. For example, if an attacker uses "broilers" to attack the game server with 200G of traffic, then the game project team may have to buy 200G of public cloud (such as Tencent Cloud and Alibaba Cloud) resources for protection. The former may cost only a few hundred yuan, while the latter needs tens of thousands of yuan.

Protection products on Tencent Cloud

Attackers often take the lower value of the two as the "protection fee", but the project team can’t guarantee that the other party is honest. If the attacker "steals well" and only collects the protection fee once, the project team can barely accept it; But if the other party thinks you are a "fat sheep", they will blackmail you again and again. Many times, the project team dare not gamble, but they have no money to buy special protection services, so they can only pay the money.

In this regard, the relatively professional advice is to enhance safety awareness. Some developers don’t have the concept of prevention, and they often make up for it after the incident. However, the profit lost after the first DDoS attack is more than the money spent on early protection, which is not worth the candle.

According to the experience summarized by professional security service providers, the low-cost method is that as long as the project team buys public cloud resources or corresponding protection services in the first month of online, there will be basically no more studios to launch DDoS attacks. Small games can directly solve the problems that may cause great losses by spending less money.

Compared with DDoS, most people may know more about plug-ins and pay more attention to the impact of plug-ins on their own game experience.

Some plug-ins can monitor or directly modify game files, which will cause serious damage to the game ecology. FPS games have always been the hardest hit area for black-and-gray attacks because of their high category popularity, high cheating income and data storage in the client.

For example, in the "fake match" incident of the professional team "Crossing the Firewire" last year, the team invited the anchor team to play against the professional players in an open environment, and speculated through subsequent offline battles and whitewashing. Players find that the plug-in used by the anchor team is extremely concealed. If it is not because of the complete victory over the professional players, it is difficult for people to think of using the plug-in. In related reports, this kind of hanging is also called "anchor customized hanging".

There are two characteristics of "anchor custom hanging", one is just the right function castration, and the other is the anti-detection means with external intervention. The former is to make the anchor "icing on the cake" in technology and provide good enough "effect" in the game. For example, the "lock" function can only be triggered when the enemy appears and the sight is close to the enemy’s body. It is difficult for the naked eye to tell whether this tiny moving trace is from the plug-in. As for the latter-teams that do "anchor customization" services often sell special equipment together with plug-ins and put them in the equipment, which makes the official detection methods fail to some extent.

From the point of view of protection, game manufacturers often get plug-in samples first, and use the similar identification code in the plug-in samples to carry out preventive testing in the player’s game. If an official identification code appears in the background data of a player, then the official has the right to take measures, and generally it will not be blocked by mistake. However, the identification code of the anchor custom hanging is separate, and this process naturally doesn’t work.

However, even if the player’s behavior is not detected by the conventional process, the official can make manual judgment, which is based on the background environment and some behavior data of the player-reporting is meaningful at this moment.

If a player receives a large number of reports from other players, the official will check his background environment and behavior data, and give him a risk rating according to the results of the inspection. There are many dimensions of rating, generally to see whether the memory has been modified or whether it is in an unconventional environment (such as a virtual machine).

The security team will send the high-risk player ID to the project team, and the project team will decide the specific measures to be taken later. Some players may be "big R", charging a lot of money, and the direct title may cause legal disputes. If the manufacturer fails to produce enough "objective evidence", there will be a greater probability of losing the lawsuit. Therefore, some manufacturers will turn a blind eye to "big R", and for players below "small R", they would rather kill by mistake than let go.

Compared with anchor customization, "script" is less harmful, but it also has a direct impact on the balance and life cycle of the game. Scripts often appear in role-playing, card and strategy games. From the perspective of protection, scripts are directly linked to the studio, and MMORPG with economic system is the hardest hit area of the studio.

The role of scripts is to efficiently collect in-game resources and realize the obtained resources. In the long run, when the resources in the game are collected too much, the resources will become cheap, and players will tend to find a studio to buy resources instead of "earning" resources through their own game labor. In order to reduce costs, scripts often run on virtual machines or in the cloud. A studio with more than a dozen people may open thousands of scripts at the same time. In other words, in fact, the script is "endless".

Another phenomenon derived from scripts and studios is the "initial number". Chen Shiliu, the technical director of FairGuard, talked to me about this: nowadays, the second tour often requires players to exchange growth resources or roles through repeated work in the game. However, after the game has been in operation for one or two years, it is difficult for newcomers with self-built numbers to catch up with the progress of the game, and it is a common choice to buy "initial numbers" from the studio.

For example, on August 30, 2022, Nexon, the international service operator of Blue Archives, permanently banned 280,000 initial numbers, including not only those in the studio, but also many that have already flowed into the hands of players. This has caused "inflammation" among the players-players have taken lessons in the game and continued to play for a while, but after the manufacturer banned it, they did not provide compensation measures. Players will naturally question: Why didn’t the manufacturer deal with this violation immediately, but it took some time to deal with it?

Nexon has issued a ban announcement.

Chen Shiliu told me that this is because the script does not modify the game memory data, but is just a fixed "simulated click", brushing the trumpet and licking the wool. Therefore, the security team needs to proceed from the risk situation of the equipment and combine the behavior judgment of the player after boarding the number. For example, players need to touch several fixed positions on the screen when doing daily work in a mobile game, but the time and operation logic of manual operation and script opening are different. In the case of background protection, the background will immediately detect the abnormal behavior of players and prompt that there is script risk. However, unlike FPS’s "anchor customization", the connection of the second tour is often "weak connection", and this behavior of hanging scripts and brushing resources cannot be reported. Game manufacturers can only observe it for a long time and regularly "one pot".

"One pot" means lag, so it is difficult to consider whether there are players in the account playing normally and whether there is recharge behavior. It is worth noting that while the players are "on fire", there are also many examples of the game rising due to the reduction of studios.

In Japan, the origin of the "initial number", many manufacturers have acquiesced in the existence of the initial number and formed a "symbiotic" relationship with the studio during their long "Yan Shang" career. Some games may be small in size and lack of newcomers, and the initial number even plays a role in saving some channels and announcing costs for developers. As long as it doesn’t directly affect the experience of other players, some developers will tolerate some behaviors that slightly modify the game memory, such as "variable speed hanging".

Other manufacturers adopt the attitude of "people don’t lift, officials don’t investigate". For example, the "ACT" plug-in of MMORPG Final Fantasy 14, if the player only uses its "damage monitoring" and "mechanism broadcasting" functions, the official will not take the initiative to intervene. After all, this plug-in has really improved the player’s game experience. But in principle, the game is not allowed to use plug-ins. If you take the corresponding test data to "police" other players, it will be officially banned.

"Police" Plug-in in Final Fantasy 14

Generally speaking, whether it is a plug-in or not, it is necessary to analyze the specific situation. For players, as long as the game is played according to the normal process, it will definitely not be banned. In this process, manufacturers need to reflect on whether their game design and version planning are unreasonable, and whether players must rely on some kind of soft plug-in (script) to get a good experience? If this is the case, it is not surprising that after the manufacturers take measures to crack down, they are "burned".

Strictly speaking, modifying the plug-in of game memory is also a part of cracking, but there are many more serious cases of cracking, and in the field of game security, anti-cracking is also the most important part.

In cracking, the most typical case is Legend. In the early years, "Legend" was cracked, and the source code was leaked. Some people deleted the source code with ulterior motives and added their own servers, which became a private server. In the field of black ash production, when a game is cracked, the cracked results will inevitably spread like a virus. When private servers can generate huge benefits, many people will ignore the law and start taking risks.

Under normal circumstances, game developers need to find the copyright party to request authorization to make genuine products. Private servers are like "tax evasion", which saves the step of paying money to the copyright party. There are many benefits in private servers, so there are fewer players playing genuine ones and the losses caused are incalculable.

Li Lei, marketing director of FairGuard, said that there are at least 20 billion industrial chains in the "Legend" mobile games, which are being attacked every year, but they just can’t be beaten.

A small game cracking platform

Of course, "Legend" is because the code leaked and cracked too early, and there will be a situation of private servers. A more common "crack" is to make paid games available for free. This has also brought a series of chain problems: after some small games with in-house purchases are cracked, they will be sold online at low prices, causing losses to developers and operators; Embedding some programs in the installation package, collecting personal information of players during installation, and then selling the information for profit; Implanting illegal advertisements in the original internal purchase part to achieve the effect of imitating genuine products and making money; What’s more, it will adopt a "subscription system" to make profits systematically, far exceeding the bottom line that game security can tolerate.

However, there are fewer cases of cracking the whole game, while there are more cases of cracking encrypted resources. For example, the pictures, audio, text and other contents in the game are all "game resources". Before the game goes online, these resources need to be packaged and encrypted. Generally, the encryption methods of game manufacturers are relatively low, so they have to entrust a third party to further encrypt.

Li Lei mentioned that in recent years, the demand for content-based secondary games has suddenly increased. On the one hand, because the art cost of Second Tour is getting higher and higher, art resources have become one of the most important project assets, accounting for the bulk of the project cost. Once the art resources are cracked, it is very likely that there will be competing products with simpler playing framework but similar art content in the market soon-in the legal sense, the criteria for judging plagiarism and skinning of games are still strict, and developers may realize that competing products have cracked their own art resources, but it is difficult to find tangible evidence.

On the other hand, the cracking of resources means "spoiler", which will affect the ecology of the game community to a certain extent and may indirectly interfere with the version planning of the operators. For example, a second tour puts the character resources to be sold into the game in advance, which is cracked in advance and spread in relevant communities. This character will gradually lose its appeal to players in the information flow, resulting in a decrease in profit.

Li Lei highlighted the resource leakage incident of "Girl Frontline 2: Chasing and Releasing" last year, that is, the "Mrs. Raymond" incident. This resource leakage directly led to the subsequent public opinion outbreak, so that the developer scattered the network and lost the trust of the players. From the point of view of protection, it is inconceivable that with the size of "less than the top 2", there are security problems in game resources.

Last October, the unpacked content of Little Top 2 was everywhere on the Internet.

Li Lei said: "Generally, medium and large-scale games will contact professional companies to do encryption work six months before the start of testing. PvE or relatively’ stand-alone’ mobile games need to prevent situations like’ less top 2′, and PvP games should consider whether the cracked resources will be used to make plug-ins."

In fact, once the popular game resources are leaked, they will be spread quickly and widely. Although this behavior is illegal, it is difficult for game companies to hold the disseminators accountable. At this stage, what developers should do is to keep an eye on whether their project resources are used for sale or further malicious use to prevent the loss from expanding.

In the process of communication, we always mention a problem: some small manufacturers or independent developers easily ignore security issues, or have relevant knowledge, but lack experience in dealing with them. Although large and medium-sized factories have accumulated more or less relevant experience in the development process, they will sometimes "stumble" when faced with the rapid change and increasingly rampant black ash production.

In fact, whether it is reality or games, security has always been a big problem. As a developer, what you should do is to make a good plan in advance as far as possible to avoid problems and then find ways to solve them.

The so-called plan, buying "outsourcing services" from professional teams is an option, but not all. Developers should consider some design logic when making games: will it be used by criminals? Can you do some verification work from the server to improve the intrusion threshold of cracking and plug-in? In fact, these jobs don’t cost too much, but are more about ideas and "intentions". On this basis, if something goes wrong, we can avoid more losses to some extent by looking for a security team to deal with it.

For developers, such concepts and "intentions" are particularly important. If there is an excellent game, because the developer lacks security awareness, he doesn’t even know how to deal with the most basic DDoS attack problem when he goes online, which makes a team’s efforts for several years go up in smoke. This is not only the personal loss of the developer, but also the loss of the game industry.

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.

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

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What are the bonus points policies for self-study exams?

What are the bonus points policies for self-study exams? Self-study examination is one of the important ways to improve academic qualifications. In the era when academic qualifications are valued, especially for newly graduated students or young people who have just entered the workplace, the recruitment requirements of units and enterprises will clearly state the requirements for academic qualifications. The purpose of self-study exam to improve academic qualifications is to obtain an academic qualification. If you want to pass the exam smoothly, you must know some common questions about self-study exam in advance. The following small series answers the relevant information about the self-study exam for everyone, hoping to help everyone!

If you have any questions about the self-study exam, don’t know how to choose the main college and major, and don’t know the local policy of self-study exam, click to learn now > >

What are the bonus points policies for self-study exams?

Self-study examination is an important part of adult higher education in China and an important way to improve academic qualifications. In order to let more people have the opportunity to receive higher education and encourage people who are positive and full of positive energy, the self-study exam has introduced corresponding care policies, including: admission without examination, extra points for admission, and lower points for admission.

Won the title of national model worker, national advanced worker, and the winner of the national’ May 1st’ Labor Medal, you can enter the school without examination. Upon my own application, and with the approval of the provincial sports administrative department, the "Recommended Form for Excellent Athletes to Apply for Admission to Adult Colleges and Universities without Examination" (supervised by the State Sports General Administration) can be admitted without Examination after the examination of the provincial admissions office and the consent of the admissions school.

Candidates over the age of 25 can take care of 20 points when they are admitted. Candidates from poverty-stricken townships in the old areas (the household registration and salary relations are all in the units of poverty-stricken townships) can take care of 20 points. Children and spouses of martyrs; Children of returned overseas Chinese and candidates from Taiwan Province Province; Candidates from ethnic minority townships and villages in areas where ethnic minorities live in concentrated communities clearly defined by the provincial government can take care of 20 points when they are admitted.

Admission policy of dropping points: majors such as agriculture, forestry, water conservancy, geology, mining, public security, prison, surveying and mapping, ocean transportation, social welfare, etc. can be appropriately dropped when the number of online students is insufficient, and the drop rate is no more than 20 points.

The above is related to the self-study exam, and candidates can use it as a reference, which is subject to the official announcement! Candidates who want to get more information about the self-taught examination, such as the registration time, examination time, application conditions, preparation knowledge and related news, please pay attention to the online self-taught examination channel of China Education.

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If you have any questions about the self-study exam, don’t know how to choose the main examination institution and major, and don’t know the local policy of self-study exam, click to learn now > >

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In April, 2024, all provinces registered for self-study exams in official website.

Summary of Registration Time and Entrance of Self-taught Exams in April 2024 by Provinces

Watch the collection live and enjoy the beautiful scenery online.

  As the domestic epidemic prevention and control situation continues to improve, the tourism industry has gradually resumed production. Recently, the 19 peaks scenic spot in Chuanyan, Xinchang County, Shaoxing, Zhejiang Province has attracted many tourists to visit in the spring through the form of "online cloud tour+offline experience". People’s vision

  Core reading

  Based on the principle of "orderly opening up" and "paying close attention to online", we will persist in accurately, orderly and solidly promoting the return to work and production of cultural and tourism enterprises. At the same time, accelerate the development of digital tourism industry.

  Online and offline concerted efforts

  A number of scenic spots held live online activities, attracting many tourists to participate.

  "Canceled the travel itinerary, and it is also very informative to visit online at home." These days, Lin Ying, a college teacher in Yangpu District, Shanghai, took her daughter to watch the live broadcast of Xi ‘an Beilin Museum online. Together with more than 300,000 "online tourists", she followed the commentator to the museum to learn about history. "The commentator’s explanation is humorous and vivid, and my daughter is very interested."

  Since February, some scenic spots have held live broadcast activities such as "Cloud Tour" on Internet platforms such as Tik Tok, Taobao, Tencent and Aauto Quicker. This new way of traveling has attracted many tourists to participate. At most, the single-day viewing of live events in museums alone has reached 10 million people.

  "Actively introducing new service methods is an effective measure for cultural tourism enterprises to cope with the impact of the epidemic." Jing Linbo, president of China Academy of Social Sciences Evaluation, believes that the epidemic has different impacts on different regions and industries, and the tertiary industry is the most affected as a whole. Tourism is directly related to the flow of people and is directly affected by the epidemic. According to the data of the National Bureau of Statistics, from January to February, the retail sales of travel goods dropped significantly, including the catering income related to tourism dropped by 43.1%, and the room income of the above-designated accommodation industry dropped by nearly 50%.

  At present, on the one hand, tourism enterprises actively resume work and production, on the other hand, they strive to seek transformation. In order to guide the national tourist attractions to continue to implement epidemic prevention and control, and steadily do a good job in the work related to the resumption of opening up, the Ministry of Culture and Tourism recently issued the "Guide to Prevention and Control Measures for the Resumption of Opening Up of Tourist Attractions", proposing that each scenic spot should gradually resume opening up in different regions and projects according to the actual situation, and clearly control the tourist flow, implement real-name registration and other scenic spot tour management measures.

  On March 1st, the Potala Palace held its first live webcast, with more than one million viewers in one hour. On March 9th, the Potala Palace once again boarded Taobao’s live broadcast room, which was broadcast live with 5G signal for the first time. The picture was clearer and smoother, and it was well received by viewers. According to incomplete statistics, up to now, more than 30 famous domestic museums, such as China National Museum, Dunhuang Research Institute, Nanjing Museum and Suzhou Museum, have held live webcasts, and some museum curators have gone online to tell the audience the story of national treasures.

  Scenic tours can be broadcast live, and industry training can also be broadcast live. Since mid-February, Jingyu Mama Group began to organize large-scale public welfare cultural travel live classes. This course, which is introduced once a day and lectured by tourism experts, has become a set of timely and rich training materials for tourism practitioners who are "busy charging" and "practicing internal strength" during the epidemic. As of the beginning of March, the cumulative number of viewers of the live class has exceeded 200,000.

  As the situation of domestic epidemic prevention and control continues to improve, the situation of offline tourism resuming production is also improving. On March 16th, shenzhen happy valley, windows of the world, splendid china Folk Village and other scenic spots under OCT Group resumed opening in an orderly manner. According to the relevant person in charge of shenzhen happy valley, after re-opening, visitors are required to keep a distance of more than 1.5 meters and wear masks all the way to the park, and the amusement equipment will be taken in separate seats. The staff will fully disinfect the seats immediately after each group of tourists leave.

  According to the 2020 Destination Recovery Index Report released by Ctrip. com, as of March 11th, the number of scenic spots reopened for booking on Ctrip platform has exceeded 900, and the number of 5A-level scenic spots nationwide has exceeded 100, accounting for nearly 40% of the total number of 5A-level scenic spots.

  Looking for new growth points

  The market fundamentals supporting the operation of tourism economy have not changed, and the tourism industry should continue to exert its efforts in improving quality.

  "During the epidemic, although people’s travel was suspended, the demand did not disappear and the upgrading trend did not disappear." Zhai Xiangkun, an associate professor in the Tourism Department of China Institute of Labor Relations, believes that tourism is directly affected by the epidemic, but it may rebound faster than other industries after the epidemic. After the epidemic, the new growth point of cultural tourism enterprises is still focused on improving quality.

  The market fundamentals supporting the operation of tourism economy have not changed. Recently, a special survey for urban and rural residents in china tourism academy showed that more than 70% of the respondents expressed their hope to travel after the epidemic.

  "The epidemic did not make the demand for tourism disappear, but it was delayed." Sun Jie, CEO of Ctrip, said that not long ago, Ctrip and global tourist destinations jointly launched the "Revival V Plan" and launched a 1 billion yuan recovery fund to help the tourism market regain its vitality.

  Yao Jun, general manager of OCT Group, believes that the current cultural tourism industry is undergoing profound changes, and the problem of "whether it is available or not" has been basically solved, and the problem of "whether it is good or not" is more and more prominent. After experiencing the rapid growth in the early stage, cultural tourism is facing transformation, traditional scenic spots are facing development bottlenecks, and the industrial structure is not suitable for market demand. The high-quality development of cultural tourism is an inevitable requirement.

  Innovation is the main source of new growth points. On March 26th, Song Cheng Performing Arts announced that its romance of the song dynasty, Guilin and Zhangjiajie will resume their performances on April 3rd, and hangzhou paradise will resume its opening on the same day. After the reopening of the park, a series of brand-new performances will be presented in Song Cheng, Hangzhou, including a number of new dramas, such as Hua Xiang Rong, Katyusha, Modern Times and Phantom, which were created during the epidemic period, and are expected to become new highlights to attract tourists.

  Looking forward to a lot of help.

  Help digital tourism enterprises to reduce the losses caused by the epidemic and expand the supply of high-quality digital tourism products.

  Zhai Xiangkun believes that the demand for travel will quickly pick up after the epidemic has become the consensus of the industry, and the cultural tourism industry, which is dominated by small and medium-sized enterprises, needs to make efforts in many ways.

  According to the relevant person in charge of the Ministry of Culture and Tourism, we will adhere to the principle of "orderly opening up" and "paying close attention to online", and promote the resumption of work and production of cultural and tourism enterprises in an accurate, orderly and solid manner, and formulate open guidelines or guidance for tourist attractions, public libraries, cultural centers and cultural and cultural institutions respectively, so as to provide safer consumer products and places for the people on the premise of preventing and controlling the epidemic. At the same time, accelerate the development of digital tourism industry, strengthen the construction of smart tourism in 5A-level scenic spots, guide the scenic spots to change their development concepts, promote the deep integration of industries, constantly expand the connotation and extension of industries, create diversified products and improve the supply structure.

  In view of some problems faced by the development of digital tourism industry, the Ministry of Culture and Tourism will issue relevant policies, including the implementation of fiscal, taxation and financial policies, to help enterprises reduce the losses caused by the epidemic and enhance the development confidence and stamina of digital tourism enterprises. At the same time, expand the supply of high-quality digital travel products, accelerate the release of emerging consumption potential, develop immersive experience-based travel consumption, and guide and cultivate new hot spots and new modes of consumption such as online consumption, experiential consumption and intelligent consumption. In addition, the Ministry of Culture and Tourism will strengthen the construction of new infrastructure, promote the deep integration of cultural tourism and digital economy, and promote the digital, networked and intelligent development of the cultural tourism industry.

  In order to help enterprises trapped during the epidemic, the Ministry of Culture and Tourism recently issued a notice to temporarily refund part of the tourism service quality deposit and support travel agencies to cope with operational difficulties. At the same time, the Ministry of Culture and Tourism also set up a column on official website to support the development policies and measures of enterprises in response to the epidemic situation, and set up online courses such as Red Tourism Cloud Classroom, Face-to-Face Live Classroom of Rural Tourism, Cloud Classroom of Tourist Attractions and Cloud Lecture Hall of Cultural Tourism Industry. At present, policies in finance, finance, taxation, social security and other aspects have benefited cultural and tourism enterprises.

  To tide over the difficulties and fully recover, the tourism industry also needs to work together. In order to alleviate the pressure on partners, the tourism platform Mawei has fully opened up and integrated the platform’s high-quality resources, and provided urgently needed action guides for partners free of charge, which has been welcomed by many partners.

  Recently, Linyi Blue Ocean International Hotel under Shandong Blue Ocean Hotel Group has found a new revenue growth point. The Blue Ocean Hotel, which joined the "Stay +X" evergreen plan of the US Mission, launched a take-away service during the epidemic, and the daily average take-away order increased rapidly from about 10 to 160, and the transaction volume also increased from 500 to 800 yuan at the beginning to nearly 13,000 yuan.

  Jing Linbo believes that as long as the cultural tourism enterprises accurately analyze the current trend of tourism consumption upgrading, further update tourism products, change tourism management and operation methods, and improve the risk management mechanism, they will certainly enhance their ability to resist risks and the driving force for sustainable development, thus achieving a comprehensive recovery of the cultural tourism industry.

  People’s Daily (April 1, 2020, 19th edition)

Huang Lei is looking forward to eating hot pot and instant-boiled mutton in the snow, but the weather is not beautiful.

Huang Leifa Weibo looks forward to eating hot pot in the snow.

1905 movie network news Recently, Huang Leifa, who pays attention to the weather forecast, Weibo heard that it was going to snow, and he was very excited about eating hot pot: "I heard it was snowing, and I was so hungry lying in bed. It is best to eat mutton hotpot in snowy days, and spicy hot pot is also ok … …” Keep the true colors of gourmets.

Huang Lei lamented.: "Why isn’t it snowing … …”

However, it’s not snowing in Beijing at present, so Huang Lei has no choice but to update Weibo, showing a lot of cute photos of her daughter and lamenting: "Why isn’t it snowing … …” It seems that the hot pot will not be eaten again.

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.

Most of the country will keep sunny and dry, and the temperature will gradually rise to a high state in the same period of the year.

  China Weather Network News In the next three days (November 18-20), most of the country will maintain a sunny and dry weather pattern, and the temperature will gradually rise. The maximum temperature of 20℃ will obviously rise northward. After the temperature rise, the temperature in many places will be 6-10℃ higher than normal, but the temperature difference between day and night will widen, so the public needs to increase or decrease clothes in time.

  Snowfall in Northeast China and other places has obviously weakened, and most of the country has started a sunny and dry mode.

  Yesterday, a large range of rain and snow continued in the northeast, and the intensity of local snowfall was high. The monitoring shows that moderate to heavy snow or sleet appears in parts of eastern Heilongjiang, eastern Jilin and Shandong Peninsula, and there are local blizzards in Mudanjiang, Shuangyashan, Jiamusi and Hegang in Heilongjiang, and local blizzards in Shuangyashan and Hegang.

  Today, the snowfall in Northeast China and other places will be obviously weakened, and there will be rain and snow weather in southern Sichuan and Yunnan under the confrontation of cold and warm air. The Central Meteorological Observatory predicts that there will be small to medium snow or sleet in parts of northeastern Inner Mongolia, eastern and northern Heilongjiang, eastern Jilin, eastern Tibet and central and southern Sichuan Plateau. There are small to moderate rains in parts of southeastern Tibet, eastern and southern Sichuan, southern Chongqing, central and western Guizhou, and most of Yunnan. Among them, there is heavy rain in western Yunnan.

-1

  From tomorrow on, most of the country will have little rain and snow, and precipitation will only appear in Xinjiang and other places. It is estimated that there will be light snow or sleet in parts of eastern and southern Heilongjiang, eastern and northern Jilin, northern Xinjiang, areas along Tianshan Mountain and southeastern Tibet. There is light rain in parts of Junggar Basin and Ili Valley in Xinjiang, southeastern Tibet, southern Sichuan and western Yunnan.

bqdt

  The day after tomorrow, there will be light snow or sleet in parts of Xinjiang along Tianshan Mountain and Ili River Valley, and eastern Tibet. Among them, there will be moderate to heavy snow in parts of Xinjiang along Tianshan Mountain and Ili River Valley, and there will be heavy snow locally.

bqdt

  In the next three days, most of the country will be short of rain and snow. Under the control of dry, cold and northerly winds, the minimum relative humidity in the northwest to Jiangnan and South China is generally only about 30%. The weather is dry, so the public should pay attention to hydrating and moisturizing. From the 21st, due to the influence of cold air, the northeast of Inner Mongolia, the northeast, the middle and lower reaches of the Yangtze River and other places will once again usher in the process of precipitation weather. At present, the forecasting time is far away, so we need to pay attention to it.

  Most of the country has stepped into the temperature rising channel and will reach a recent high on the 19th to 22nd.

  In terms of temperature, the impact of cold air on China came to an end yesterday, and some areas in Northeast China and North China experienced 4~8℃ cooling.

  Starting from this weekend, most of the country will start the warming mode, and it will reach the recent high temperature from 19th to 22nd, and the maximum temperature of 20℃ will be pushed northward to central Henan and northern Anhui. After warming up, the temperature in many places may be 6~10℃ higher than normal. For example, the highest temperature in Shenyang yesterday was still below freezing point, and then the temperature went up all the way, and it will rise to 12 C on the 21st. The highest temperature in the middle and lower reaches of the Yangtze River is as high as 22~23℃ from 21st to 22nd, showing obvious warmth.

  However, compared with the rapid warming during the day, the warming process of the minimum temperature is slower. In the next few days, the temperature difference between day and night in most parts of the country is generally above 10℃, and it can even reach about 20℃ in the northern part of the country. It is recommended that the public increase or decrease clothes in time according to the temperature change to guard against catching a cold.

CCTV.com


     

    [内容速览]面对来势凶猛的金融风暴,香港特区政府使出杀手锏,在与索罗斯数度交锋中究竟发生了哪些惊心动魄的纠纷故事,当时的财政司司长曾荫权为什么会偷偷落泪?最后的大决战又暗藏着哪些玄机?

进入[直通香港]>>

    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