Li Keqiang: Speech at the Fourth Clean Government Work Conference in the State Council

Xinhua News Agency, Beijing, April 14th

Speech at the Fourth Clean Government Work Conference in the State Council
(March 28, 2016)
Li Keqiang


Premier Li Keqiang said at the Fourth Clean Government Work Conference in the State Council on March 28th that "two random and one open" supervision should be fully implemented this year, and the inspection objects and law enforcement inspectors should be randomly selected, and the inspection situation and investigation results should be disclosed to the public in time to prevent arbitrary inspection and human interference, reduce the rent-seeking space of the supervision department and make the supervision objects dare not take chances.

The main task of this meeting is to conscientiously study and implement the spirit of the important speech delivered by the Supreme Leader General Secretary at the Sixth Plenary Session of the 18th Central Commission for Discipline Inspection, implement the deployment of the Sixth Plenary Session of the Central Commission for Discipline Inspection, sum up the building of a clean and honest government in the government system in 2015 and the anti-corruption work, and clarify the key tasks in 2016. Below, I would like to make a few comments.

First, fully affirm the achievements and unremittingly grasp the anti-corruption work of the government system.

In the past year, local governments at all levels and various departments in the State Council conscientiously implemented the decision-making arrangements of the CPC Central Committee on building a clean and honest party style and anti-corruption work, carried out in-depth special education on "three strictness and three realities", strictly enforced political discipline, reformed political style and eliminated corruption, and achieved remarkable results, which provided a strong guarantee for achieving steady progress and good stability in economic and social development.

First, the continuous reduction of authority has effectively promoted anti-corruption at the source. Insist on "slimming down" power, "strengthening" integrity and strengthening development. Last year, 311 items of administrative examination and approval were cancelled, the examination and approval of non-administrative licenses was completely ended, 70% of the intermediary services of administrative examination and approval of the State Council departments were cancelled, and various professional qualifications were reduced by 44%, the items priced by the central government were reduced by 80%, and the approved investment projects were reduced by 76%. The reform of the commercial system was accelerated, the pre-approval of industrial and commercial registration was streamlined by 85%, and the "three certificates in one" and "one photo and one yard" were fully implemented, which greatly enhanced the market vitality. On average, 40,000 new market entities and 12,000 new registered enterprises were registered every day. At the same time of decentralization, we should strengthen and innovate post-event supervision and promote the optimization of government services.

Second, adhere to strict management of power and money, which has effectively promoted the safety and performance improvement of public funds. We will increase the publicity of the financial budget. The budgets of the central departments, the "three public funds" and the final accounts of the departments are all made public. The contents of government procurement, operating expenses of the organs, official reception batches and the number of people are disclosed to the public for the first time in the final accounts. Financial departments at all levels have recovered and used more than 380 billion yuan in stock funds as a whole. Strengthening audit supervision, auditing more than 130,000 units nationwide, increasing revenue and saving expenses for the country and recovering losses of more than 850 billion yuan.

The third is to pay close attention to supervision and accountability, which has effectively promoted the diligent and promising cadres. The State Council organized the second major inspection and follow-up audit, and handled 1,456 people in three batches for problems such as fund precipitation, idle land, idle affordable housing, and delays in key projects. The report praised the typical experience and practices of relevant regions and departments, and praised and encouraged the provinces that have done well in promoting key work and the cities and counties that have achieved remarkable results in implementing key policies. Strengthen the supervision of performance of duties, and investigate and investigate the dereliction of duty in key areas such as safety production, food safety and environmental protection.

Fourth, strengthening discipline and discipline has effectively promoted the transformation of government style and the building of a clean government. Resolutely implement the spirit of the eight provisions of the CPC Central Committee, continuously correct the "four winds" and strictly implement the State Council’s "Three Chapters of the Constitution". Strictly control the construction of new government buildings and halls, and clean up the office space that exceeds the standard of the central state organs. The budget for the "three public" funds at the central level decreased by nearly 12% year-on-year. Last year, the national discipline inspection and supervision organs filed a total of 330,000 cases, closed 317,000 cases, and gave disciplinary sanctions to 336,000 people, and 14,000 people suspected of committing crimes were transferred to judicial organs for handling. Intensify international efforts to pursue and recover the 1023 people who fled, which has formed a powerful shock to corrupt elements.

While fully affirming the achievements, we should also clearly see the existing problems and shortcomings. During the work of the Central Inspection Team and the the State Council Inspection Team, it was found that the anti-corruption system in some localities, departments, enterprises, institutions and financial institutions was not perfect, a few cadres did not act, would not act, and acted indiscriminately, and many aspects of the reform of decentralization were still not in place. Corruption in key areas and around the masses can not be ignored. The situation of combating corruption and promoting honesty is still severe and complicated, and we must pay close attention to it consistently.

This year, China’s development faces more and more difficulties and challenges. All regions and departments should further enhance their sense of hardship, make full preparations for tough battles, persist in focusing on reform and development, and ensure that the economy operates in a reasonable range; Focus on combating corruption and promoting honesty, and effectively push forward the building of a clean and honest government and anti-corruption work in the government system. In accordance with the "five in one" overall layout and the "four comprehensive" strategic layout, we should strictly manage the party in an all-round way, strictly respect party constitution, strictly observe political discipline, strictly administer according to law, innovate institutional mechanisms, resolutely punish corruption in key areas, resolutely eliminate the behavior of being lazy in politics, accelerate the construction of a government ruled by law, an innovative government, a clean government and a service-oriented government, and promote stable economic development and social harmony and stability with new achievements in combating corruption and promoting honesty and diligence for the people.

Two, accelerate the transformation of government functions, improve efficiency, and effectively manage the right to use the right.

Facing the new situation and new tasks, to fully and correctly perform government duties, we should not only reduce the authority, but also make good use of the power, realize effective government governance, enhance the government’s execution and credibility, and build a clean, efficient and people-satisfied government.

First, we should deepen the "streamline administration, delegate power, strengthen regulation and improve services" reform. Practice has proved that decentralization, combination of decentralization and management, and optimization of service reform are not only the key measures to stimulate market vitality and social creativity, but also the fundamental policy to fight corruption and promote honesty. Although this reform has made great progress, it still faces many new situations and problems, and it must be pushed forward in depth unremittingly. This year, we should focus on stabilizing growth, restructuring and benefiting people’s livelihood, improve the "gold content" of decentralization, enhance the effectiveness of supervision, and highlight service initiative.

Continue to vigorously reduce administrative examination and approval items. Many enterprises and the masses report that some government departments still have too many examination and approval items. Last year, the inspection of the State Council found that some investment and construction projects had to go through more than 40 examination and approval links and more than 100 official seals; Some industrial construction projects take more than two years to run for approval. I went to the local investigation, and the problems in this area are still relatively strong. A few years ago, a local CPPCC member showed an approved "Long March Map". Now the approval procedure is simplified, and it may become a "Long March of a Thousand Miles" or a "Long March of a Hundred Miles", but it is still a "Long March". Therefore, we have to press, and what can be put to the market should be put to the market as much as possible. Another important reason for enterprises to report the difficulty in examination and approval is that the examination and approval standards are not uniform, and some of them are preconditions for each other, falling into the strange circle of "chicken lays eggs and eggs lay chickens". For example, to apply for the establishment of a combination of medical care and nursing, the necessary approval is required, and the enterprise does not object. However, the current situation is that the relevant departments "kick the ball" with each other, saying that the procedures of another department have not been approved, and I can’t give you approval, which makes the enterprise at a loss. In the future, not only the examination and approval links will be reduced, but also the standards will be unified, and the problem of buck passing between departments must be completely solved. This year, we will cut off a number of administrative licensing items of the State Council departments and a number of administrative examination and approval items implemented in places designated by the central government. Further reduce the enterprise investment projects approved by the central government, cancel and decentralize the investment approval authority, delegate the power to the market and enterprises to the maximum extent, and consolidate the momentum of effective investment stabilization and recovery. For the reserved investment approval items, it is necessary to clarify the standards, shorten the process and complete them within a time limit.In principle, it is necessary to go to the online approval and supervision platform for investment projects. Except for safety and environmental protection matters, the mandatory assessment and review of investment projects will be cancelled. It is necessary to continue to lower the market access threshold, cancel more than one-third of the pre-approval of enterprise registration, streamline the post-licensing projects for industrial and commercial registration, and solidly promote the pilot reform of "separation of licenses". In the future, apart from major public interests such as national security, ecological security and public health, all the "certificates" that can be separated should be separated. It is necessary to constantly explore and accumulate experience in the reform pilot, gradually push it forward, and effectively solve the problem of "it is easier to do a license than to do a permit". At the same time, we should pay attention to promoting decentralization in coordination. Cross-departmental, cross-disciplinary and cross-regional examination and approval items should be considered as a whole. The same or similar categories should be cancelled or decentralized at the same time, and the related examination and approval items should be cancelled or decentralized in the whole chain. The higher level government should consider the actual situation of the grassroots, adhere to the matching of power and responsibility, and the adaptation of power and ability to ensure that the grassroots can live and manage well, and must not let it go. The reform of "three certificates in one" and "one photo and one yard" has been fully implemented, and relevant departments and units should adjust relevant regulations in time to link up with them, so as to truly realize that once they have obtained a certificate, they will act and operate according to the certificate, and "one certificate will go to the world".

Strengthen regulatory innovation and optimize services. This year, it is necessary to comprehensively push forward the "double random and open" supervision, and the inspection objects and law enforcement inspectors will be randomly selected, and the inspection situation and investigation results will be disclosed to the public in a timely manner. Carrying out this practice is an important regulatory innovation. Taking a random approach can not only reduce management costs, but also have a stronger deterrent. Because the object to be inspected is randomly determined by lottery, no one knows when it will be inspected on his own head, so he should always be wary. Supervision and law enforcement personnel are also randomly selected, which can reduce a lot of external intervention. Otherwise, once you know that you are going to supervise, people who run around and talk about human feelings will come. If some cadres can’t adhere to principles and stick to the bottom line, they will be corroded. Now, many departments have promoted "double randomness and one openness", and the effect is very good, indicating that it is completely feasible and the administrative cost is greatly reduced. This can also prevent human interference in the process of willful inspection and law enforcement, reduce the rent-seeking opportunities of the regulatory authorities, and also make the regulated objects always feel the invisible pressure of supervision and dare not take any chances. It is necessary to use information technologies such as big data, cloud computing, and Internet of Things to strengthen online and offline integrated supervision. It is necessary to integrate all kinds of administrative law enforcement teams and promote comprehensive law enforcement across departments and industries. It is clear here that local governments, especially cities and counties, should integrate and adjust the law enforcement team from their own reality, which is conducive to strengthening grassroots supervision, and relevant departments should not interfere. At present, some places are exploring the pilot of "three regulations in one" and unifying the power of many departments to review planning, which is actually conducive to strengthening supervision.In the past, many departments were sitting in the office for examination and approval, although they were also examined and approved according to regulations, but they left it alone after examination and approval, and they didn’t have the energy to manage it. The units that were examined and approved often built it as they wanted, and changed the drawings as they wanted. After the "integration of the three regulations", we can find out many problems by freeing up the original power of examination and approval to strengthen supervision and inspection, and we can also find out in time some units that do not follow the approved plan. This also shows that there were loopholes in supervision in the past, because the main energy was put on examination and approval, and now there are fewer examinations and approvals, which not only makes supervision more powerful, but also improves efficiency. At the same time, we should optimize public services. Simplify service processes, vigorously streamline procedures and links, and resolutely cut off unnecessary certificates and red tape. Innovate the service mode, fully implement "one-window acceptance, one-stop handling and one-stop service", vigorously promote online services, promote information interconnection, and make people and enterprises handle affairs conveniently and quickly. It is necessary to effectively solve the problem of "information island", such as law enforcement inspection and other information, which should be made public and shared. Otherwise, it is not only inconvenient for the masses and enterprises to do things, but also easy to shelter evil people from evil practices and breed corruption.

Second, we must comprehensively promote the openness of government affairs. Let the people supervise power and let power run in the sun, provided that government affairs are open and transparent. On February 4th, the Central Office and the State Council issued the Opinions on Comprehensively Promoting the Openness of Government Affairs. All localities and departments should fully implement the regulations of the CPC Central Committee and the State Council on decision-making and government information disclosure, adhere to the principle of openness as the norm and non-openness as the exception, and promote the openness of administrative decision-making, implementation, management, services and results, so that the people can better understand, support and supervise the government. This year, we should focus on doing a good job in making a sun list. In some places, it is a good idea to formulate a list of fees charged by enterprises, and no fees are allowed outside the list. In the past two years, we have made great efforts to reduce taxes and burdens, but some enterprises have not yet reported obvious benefits, because there are too many fees and charges, and many enterprises involved have no strict standards. At present, enterprises are facing difficulties in production and operation, and they must make up their minds to reduce the burden on enterprises and release water to raise fish. The "Government Work Report" clearly stated that this year, it is necessary to fully publish the list of local government powers and responsibilities, and try out the negative list system for market access in some areas. For administrative fees, government-set or guided service fees, government funds, national vocational qualifications, etc., catalogue management should be implemented. There is no power outside the list, and it must be in the list. All localities and departments should pay close attention to the formulation and publication of various lists. Before the end of this year, the State Council should conduct inspections in an appropriate manner. The formulation of the list should meet the requirements of transforming government functions, especially simplifying administration and decentralization, combining decentralization with management, and optimizing services.We can’t do too much and too long, and we can’t list all the things we shouldn’t be in charge of. With the "clear rules" of the list, it puts a "tight spell" on power, which can not only effectively control the willfulness of power, but also effectively break the "hidden rules" of rent-seeking corruption.

Third, we must strengthen the construction of government integrity. Governing the country, no faith, no standing. Government integrity is directly related to the smoothness of government decrees, the gain and loss of people’s hearts, and also has a strong social demonstration effect. We are the people’s government, and we are responsible to the people. We must be honest, keep our word, and do what we say, and don’t let loose cannon. When I do local research, I often hear from some private entrepreneurs and foreign businessmen that some local governments do not act according to the contract, which makes them feel at a loss and affects their investment enthusiasm. Governments at all levels must take honest administration as an important criterion, strictly administer according to law, strictly fulfill their promises, improve the restraint and accountability mechanism of government integrity, win the trust of the people with the attitude of moving trees to establish trust, and promote the establishment of integrity awareness and the improvement of integrity level in the whole society. It is necessary to promote the construction of social credit system, vigorously carry forward the culture of honesty, build a mechanism for encouraging trustworthiness and punishing dishonesty, and intensify the crackdown on dishonest behaviors such as infringement of intellectual property rights, counterfeiting and selling fake goods, commercial fraud, debt evasion and loan fraud. The recent case of "defective vaccine" is being investigated and handled by an investigation team and an inspection team formed by the State Council. Relevant localities should earnestly take responsibility, severely investigate and deal with dereliction of duty, resolutely crack down on criminals, and give the people a responsible account. This incident also reflects that it is very important for us to emphasize the combination of decentralization and decentralization. Effective "management" is precisely to better "release", so as to create a market environment conducive to entrepreneurial innovation, honesty and law-abiding, and fair competition, while reducing the soil that breeds corruption and rent-seeking opportunities.

Third, improve the incentive and restraint mechanism to ensure the implementation of major decision-making arrangements

In the past two years, through paying close attention to supervision and accountability, the implementation of major policies, major projects and major projects has improved significantly, but there are still many problems and gaps in some localities and departments. For example, last year, the General Inspector of the State Council found that some provincial river regulation projects were arranged by the central subsidy funds in 2013, which should have been completed by the end of last year, but the projects had not yet started in May last year. In other places, affordable housing has been built. Because the supporting facilities such as power supply, sewage discharge and municipal roads have not kept up, the people have been unable to move in, and the masses have great opinions. This shows that the phenomenon of laziness in politics cannot be underestimated, and it must continue to be resolutely rectified, which is directly related to the realization of the expected goals of economic and social development this year. Judging from the situation since this year, the economic operation has been generally stable and there have been new positive changes. This shows that the effects of a series of measures taken since last year to stabilize growth, promote reform and adjust the structure are gradually emerging. However, the downward pressure on the economy is still very great, and the CPC Central Committee and the State Council will continue to take new and important measures according to the development of the situation. With policy measures, the key is that cadres in all regions, departments and levels should be diligent, resourceful and courageous, and work hard to ensure that policy measures are implemented. Grasping the implementation depends on the system, and it is necessary to establish and improve an effective mechanism with clear rewards and punishments and promoting diligent and clean government.

First, we must strictly implement the work responsibility system. The main objectives and tasks of economic and social development this year, major policies and reform measures, major investment projects and people’s livelihood projects have been reviewed and approved by the National People’s Congress, which has legal effect and is also a solemn commitment made by the government to the people and must be completed to the letter. On March 18th, the State Council has defined the division of labor for the key work of the Government Work Report. All leading departments should take the initiative to take responsibility, be responsible for the whole process, and grasp it to the end. For binding indicators and hard tasks, it is necessary to decompose, refine requirements, implement responsibilities, sign responsibility letters for objectives and tasks step by step, and set up a "military order." For major investment projects, the construction period should be reversed, and on the premise of complying with the procedures and ensuring the quality and safety of the project, we should try our best to move forward and ensure the progress. The main responsible comrades of all regions and departments should personally grasp the deployment and implementation, rationally allocate their forces, and ensure that everyone is in charge and everything is caught. At present, the growth rate of fiscal revenue in some places is declining, and the rigid expenditure on people’s livelihood must be guaranteed. If the economic work fails to catch up, the fiscal revenue will continue to decline, and the rigid expenditure will not be fulfilled, and finally it will be impossible to explain to the people. Local governments at all levels and various departments in the State Council should feel a heavy responsibility and be responsible to the people. Cadres at all levels should, with the sense of responsibility of "doing nothing in the day, sleeping hard at night" and the sense of urgency that time waits for no one, be really nervous, take action and do all the work well.

Second, we must improve the normalized supervision and accountability mechanism. Supervision and accountability is a "sharp weapon" for implementation. It cannot be a gust of wind, and it must be unremitting and persistent. The State Council will continue to carry out major inspections in the middle of this year, organize key spot checks at the end of this year, and conduct random special inspections on key tasks. All regions and departments should also strengthen supervision. For the problems found, it is necessary to pull out a list, establish a ledger, and rectify within a time limit. It is necessary to strengthen accountability. If the implementation of the central decision-making is ineffective, the implementation of major policies is not in place, and the promotion of major projects and projects is seriously lagging behind, which affects the completion of the main objectives and tasks of economic and social development, the interview, the handling and the notification will be notified, and the main responsible persons and related responsible persons will be held accountable, so that cadres have both a sense of responsibility and a sense of awe. It is necessary to link the inspection results with the mechanism of cadres’ promotion and demotion, so that the capable can be promoted, the mediocre can be demoted and the inferior can be eliminated. There must be no idea that "more things are better than less things", which will occupy the position and delay the cause of the party and the people.

Third, we must improve the positive incentive mechanism. For places that really work hard, we should increase incentives and support, and encourage all localities to compete for development from reality. Cadres who are willing, daring and capable should be commended, provide a bigger stage, support and encourage reform and innovation, and drive more people to start businesses. It is necessary to establish a reasonable fault-tolerant and error-correcting mechanism. As long as the mistakes and shortcomings of cadres in their work exploration are out of public interest and not for personal gain, they should be tolerated according to the situation and given the opportunity to correct them, and their enthusiasm should not be dampened. Objectively speaking, at present, government workers, especially grass-roots civil servants, work very hard and their income is not high. We must resolutely block the "partial door" and solve the problem that civil servants participate in distribution with power and seek improper benefits; It is also necessary to open the "main entrance" to effectively guarantee the working conditions, reasonable income and dignity they need to perform their duties, and the established normal wage growth mechanism must be implemented on schedule. This year, despite the great pressure of financial revenue and expenditure, we should continue to raise the basic pension for retirees in enterprises, institutions and institutions according to the mechanism. We will implement the "vegetable basket" mayor’s responsibility system, temporary assistance, and assistance and support for poor people to ensure the basic livelihood of people in need. Financial departments at all levels should optimize the expenditure structure and ensure that it is put in place. This should also be supervised.

While establishing and improving the incentive and restraint mechanism, we should focus on the problems existing in cadres’ ideological understanding, do a good job in depth and carefully, and earnestly enhance cadres’ awareness of performing their duties and responsibilities. It is corruption to be dishonest in government, and it is also disguised corruption to be incompetent in government. The ancients said, "it is a sin to be an official and waste his affairs." No matter what the reason, as long as you don’t act as an official, you don’t meet the requirements of the CPC Central Committee, you don’t meet the requirements of performing your duties according to law, you don’t meet the requirements of fighting corruption and promoting honesty, and you seriously damage the government’s execution and credibility. It is not allowed. Since we choose to serve the people, we must put the interests of the country and the people in the highest position, worry about the world first, enjoy the world later, and dare to take responsibility and act bravely. This is the duty of communist party people and the morality of politics. It is necessary to strengthen cadres’ awareness of the rule of law and discipline, learn to work under constraints, get used to working under supervision, and turn pressure into motivation. It is necessary to strengthen the study and training of cadres so that they can actively adapt to the new normal and improve their working ability and level. We should care about and care for cadres and attach importance to solving practical problems. In a word, effective measures should be taken to mobilize the enthusiasm, initiative and creativity of all regions, departments and cadres to the maximum extent, gather wisdom and pool strength, and form a strong joint force for the common development.

Fourth, improve the system, strengthen supervision, and promote the in-depth development of key anti-corruption work.

Public funds, public resources, state-owned assets, finance and other fields involve major economic interests, and poor supervision can easily breed corruption. At the same time, some grassroots unhealthy practices and corruption problems are widespread. It is necessary to tighten the institutional cage, prevent and reduce the occurrence of corruption, resolutely punish corrupt elements, and strive to form a long-term mechanism that does not dare to rot, cannot rot, and does not want to rot.

First, effectively manage and use the government’s "money bag". At present, the problems of "scattered, small and chaotic" use of funds and idle deposits are still outstanding. There are still too many special funds, and the number of large special projects has been reduced to more than 90, but there are still more than 360 small projects. The problem of excessive stock funds has not been effectively solved. A lot of financial funds are sleeping on their accounts, which is a huge waste in itself. This year, the contradiction between fiscal revenue and expenditure is more prominent, so we must make careful calculations, focus on improving the performance of fund use, and focus on doing a good job in three aspects: "reducing special projects, reducing inventory, and controlling the three public offices." It is necessary to further reduce financial special projects. Implement the list management of special financial funds, establish a regular evaluation and withdrawal mechanism for special transfer payments, cancel special projects with expired policies, policy adjustments and low performance, integrate projects with similar goals, similar investment directions and similar management methods, open up channels for the use of funds, prevent funds from being "fragmented", and severely investigate and punish embezzlement and misappropriation of special funds for corruption. The State Council’s opinion on the first integration of financial poverty alleviation funds will be issued soon, and all regions and departments should conscientiously implement it. It is necessary to further reduce the capital inventory. Strictly clean up the financial balance carry-over funds, strengthen the monitoring of stock funds, and all the surplus funds and carry-over funds that have not been used up for two consecutive years will be recovered and rearranged, and adjusted and used to protect people’s livelihood, make up shortcomings and increase stamina. This is also clearly stipulated in the budget law and must be done. At the same time, pay close attention to the establishment of a long-term mechanism to prevent the formation of new funds to deposit idle. It is necessary to further strictly control the "three public" funds. Strengthen budget management and restraint, reduce general expenditures, and effectively achieve "three public"The funds are only reduced, not increased. Governments at all levels should be diligent in managing their families, take the lead in living a tight life, and resolutely oppose extravagance and extravagance.

Second, monitor public resource transactions throughout the process. In the fields of transferring land use rights and mining rights, bidding for construction projects, government procurement, etc., there are many trading links, serious market segmentation, and problems such as administrative power interfering in transactions and seeking personal gain are prominent. It is necessary to innovate supervision methods, improve the whole process monitoring mechanism, and maintain fair market order. The State Council has made arrangements for the establishment of a unified public resources trading platform. The next step is to focus on three tasks: First, we should "build up" the trading platform as soon as possible. Before the end of June this year, all regions should complete the market integration and platform construction, establish and improve the management system, strengthen the rigid constraints of the system, and make all kinds of public resources transactions more standardized, unified, open and transparent. Second, we should "link up" the electronic systems as soon as possible. Strive to build the national public resources electronic trading system before the end of this year, and gradually realize the interconnection with the national online approval and supervision of investment projects, credit information sharing platforms and local electronic trading systems. Third, we should "use" the transaction data as soon as possible. Make full use of big data and other technical means, strengthen tracking analysis, monitoring and early warning, and timely discover and investigate violations and corruption in trading activities.

Third, speed up the improvement of the state-owned assets supervision mechanism. This year and next, we should fight a tough battle to improve the quality and efficiency of state-owned enterprises, enhance the vitality, control and risk resistance of the state-owned economy, and at the same time innovate and strengthen the supervision of state-owned enterprises, prevent the loss of state-owned assets, safeguard the safety of state-owned assets, and realize the preservation and appreciation of state-owned assets. First, we must strengthen the supervision of key links in the reform of state-owned enterprises. Strengthen the supervision of key links such as restructuring and reorganization of state-owned enterprises, property rights transactions, investment mergers and acquisitions, strictly standardize operational procedures and approval procedures, and ensure that major issues are open and transparent. Especially in the reform of mixed ownership of enterprises, it is necessary to improve the trading rules and supervision system of state-owned property rights, accept social supervision, strictly guard against embezzlement of state-owned assets in the name of reform, resolutely put an end to black-box operation and block the "black pipeline" of interest transmission. Second, we must strengthen the supervision of overseas state-owned assets. With the accelerated pace of enterprises going abroad, China’s state-owned assets abroad are increasing. It is necessary to establish and improve the systems of overseas state-owned assets audit supervision, business performance assessment and accountability, strengthen supervision over overseas enterprises and institutions in investment and financing, property rights changes, fund control and other aspects, prevent state-owned assets from "going out" but "not earning back", and ensure the safe, controllable and effective operation of overseas assets. The person in charge of state-owned enterprises is the key to do a good job in state-owned enterprises. It is necessary to have an incentive mechanism, improve the salary distribution system that is suitable for their post contributions, and strengthen supervision over their performance and integrity.

Fourth, reform and improve the modern financial supervision system. This is an important task for deepening the reform of the financial system and an important guarantee for effectively preventing all kinds of financial violations and corruption. Banks, securities, insurance and other financial institutions should strengthen the sense of responsibility of risk subjects, improve internal management systems and risk prevention and control measures in key links. It needs to be pointed out here that the purpose of promoting the reform of financial supervision system is to strengthen financial supervision, and it also needs a process. All financial supervision departments must perform their duties conscientiously in accordance with the existing functions defined in the "Three Definitions" and earnestly strengthen the supervision of financial institutions and employees, and must not have any lax thoughts.

Fifth, strengthen the construction of grassroots anti-corruption system. According to the deployment of the CPC Central Committee, this year’s party style and clean government building and anti-corruption work should be extended to the grassroots. It is necessary to strengthen the construction of basic systems at the grass-roots level, improve working mechanisms and procedures, promote the openness and transparency of public services, and focus on solving unhealthy practices, corruption and unfair law enforcement that occur around the masses. We will comprehensively promote the openness of village affairs, improve the management system of rural collective funds, assets and resources, and improve the regulatory measures in land acquisition, policies to benefit farmers, and poverty alleviation funds, so that the masses can feel more about the actual effect of fighting corruption and promoting honesty.

To promote anti-corruption and honesty, we must treat both the symptoms and the root causes. Where the power to rent-seeking corruption is found, the heavy punch of anti-corruption will be hit. We must always maintain a high-pressure situation, have zero tolerance and severe punishment for corrupt elements, and resolutely curb the spread of corruption. All regions, departments and units should combine the actual situation, suit the remedy to the case, and focus on solving any outstanding problems, especially cracking down on illegal and criminal acts in the fields of food and drug safety and public safety, and seriously investigating and dealing with related dereliction of duty and corruption to ensure people’s health and life safety. At the same time, relevant information should be released in time to respond to social concerns. In this regard, we must respond quickly, and the people are very sensitive to public safety and health issues. Relevant departments and localities should deal with problems in a timely manner, and the people should answer questions in a timely manner. Otherwise, not only the masses will question the credibility of the government, but also it will easily cause panic and bring adverse social impact. After the problem is solved, we should draw inferences from others and constantly improve the mechanism to prevent similar incidents from happening again.

To do a good job in building a clean and honest government and anti-corruption work in the government system this year, governments at all levels and party groups (party committees) of various departments should conscientiously implement the spirit of the series of important speeches by the General Secretary of the Supreme Leader, implement the deployment of the Sixth Plenary Session of the Central Commission for Discipline Inspection, adhere to the comprehensive and strict administration of the party, and earnestly shoulder the main responsibility of strictly administering the party in an all-round way. The members of the leadership team should adhere to the principle of "one post and two responsibilities", and the main responsible comrades, as the first responsible persons, should take overall responsibility for building a clean and honest government in their own regions, departments and Team members should do a good job in building a clean and honest government within the scope of their duties and departments in charge, adhere to the party’s basic line, and achieve both professional work and clean government construction. It is necessary to carry out in-depth study and education of "learning party constitution’s Party rules and series of speeches, and being qualified as a party member", so that party member in the government system can further enhance their political awareness, overall awareness, core awareness and sense of conformity, strictly abide by the rules of honesty and self-discipline, be brave in acting, and give full play to their vanguard and exemplary role. Leading cadres in party member should not only set an example of honesty and self-discipline, but also cultivate a good family style, strictly restrain relatives and staff around them, and consciously accept supervision from the masses and society.

Since the 18th National Congress of the Communist Party of China, the Central Leading Group for Inspection Work has conducted inspections on key state-owned enterprises, financial institutions and some central state organs. According to the deployment of the CPC Central Committee, inspections of the central and state organs will be completed this year and next to achieve full coverage of the central departments. The government departments and party groups that have been inspected should earnestly shoulder the main responsibility, draw inferences from the existing problems, find out the lesions, and do a good job in rectification and implementation. The party groups of government departments and units being inspected should strengthen their consciousness of consciously accepting supervision from the height of stressing politics, fully trust, resolutely support and actively cooperate with the inspection work. Party groups of government departments and units that have not been inspected should consciously find out the outstanding problems with commonality found in previous inspections of other departments, that is, change as soon as they know it.

Anti-corruption has great responsibility and arduous task. We should closely unite around the CPC Central Committee with the Supreme Leader as the general secretary, hold high the great banner of Socialism with Chinese characteristics, make concerted efforts, forge ahead, do a solid job in building a clean and honest government and anti-corruption work in the government system, and make contributions to a good start in the decisive stage of building a well-off society in an all-round way.

The Hang Seng Internet ETF(513330) based on individual research: the performance of index heavyweights exceeded expectations, demonstrating the business resilience.

Source: ETF Chief Helmsman

  synopsis

  1. The Hang Seng Internet ETF tracks the Hang Seng Internet Technology Industry Index, which reflects the performance of the constituent companies mainly engaged in information technology business in the Hang Seng Composite Index.Its constituent stocks cover the whole industrial chain of digital innovation, and they are not only the Internet giants such as Alibaba, Tencent and Meituan, but also the upstream hardware manufacturers such as SMIC and Hua Hong Semiconductor, which has a large room for performance growth and high certainty.

  2. The performance of leading constituent stocks exceeded expectations, and the index showed operational resilience.On May 26th, Alibaba and Baidu announced their latest achievements, all exceeding market expectations, with outstanding business resilience. On May 27th, Hong Kong stocks opened higher, the Hang Seng Index opened 2.63% higher, the Hang Seng Technology Index rose 4.45%, and Alibaba and Baidu Group rose about 12% and 15% respectively. Hong Kong stocks performed strongly all day. At present, the overall valuation of Hong Kong stocks has been adjusted in place after a continuous decline in the previous period, and its advantages as a global valuation depression are gradually recognized by the market. In the future, with the marginal improvement of unfavorable factors, it may usher in a systematic valuation upgrade opportunity.

  3. The Internet sector led Hong Kong stocks to seize the current strategic allocation opportunity.Stimulated by the surge of US stocks and China Stock Exchange the previous day, on May 27th, Hong Kong stocks opened higher, the Hang Seng Index opened 2.63% higher and the Hang Seng Science and Technology Index rose 4.45%. Recently, the domestic policy of steady growth has been in the stage of sustained development on the right. The "525 National Conference on Stable Economy" has laid a strong arm for all localities to implement the central spirit. With the gradual resumption of work and production in Shanghai, the epidemic factors that had previously affected market sentiment have weakened marginally. In addition, the minutes of the FOMC meeting in May did not show an unexpected hawkish signal, the short-term risks of US stocks gradually cleared up, and Hang Seng Internet will gradually usher in a turning point.

  Product elements

  Fund size:24.110 billion yuan

  On-site turnover:The total turnover last week was 12.264 billion yuan, with an average daily turnover of 2.453 billion yuan.

  Net inflow of funds:Last week, the fund share increased by 410 million shares.

  Last week’s earnings performance:Last week, prices rose and fell by-1.49%, while the Shanghai and Shenzhen 300 rose and fell by-1.87% and the Hang Seng Index rose and fell by-0.10%.

  Chart: Top Ten Awkwardness Stocks of Hang Seng Internet ETF

  Hang Seng Internet ETF(513330): The performance of index heavyweights exceeded expectations, demonstrating the business resilience.

  Source of data: Wind, as of May 27, 2022, special note: the above are not recommended as stocks.

  Chart: distribution of Hang Seng Internet ETF sub-sectors

  Hang Seng Internet ETF(513330): The performance of index heavyweights exceeded expectations, demonstrating the business resilience.

  Source: Wind, as of 2022/05/27.

  1. Market Review

  Chart: The performance of mainstream indexes in Hong Kong stock market last week.

  Hang Seng Internet ETF(513330): The performance of index heavyweights exceeded expectations, demonstrating the business resilience.

  Source: Wind, as of May 27, 2022.

  Last week, the Hong Kong stock market fluctuated downward, with the Hang Seng Index falling slightly by 0.10% and the Hang Seng Internet Index closing down by 1.57%. In terms of individual stocks, 13 stocks rose and 21 stocks fell in the index last week, among which car home-S (7.87%), Baozun E-commerce-SW (7.53%), Baidu Group-SW (6.96%), SMIC (6.02%) led the gains, and IWC-SW (-15.92%).

  2. Industry &; Information of constituent stocks

  Last week, the total net inflow of southbound funds during the week was 8.591 billion Hong Kong dollars. As of May 27, 2022, the cumulative net inflow of southbound funds this year reached HK$ 153.599 billion.

  Chart: Net purchases of southbound funds in recent 30 days

  Hang Seng Internet ETF(513330): The performance of index heavyweights exceeded expectations, demonstrating the business resilience.

  Source: Wind, as of May 27, 2022.

  Alibaba-SW (9988.HK):On May 26th, the company announced the performance of FY2022, achieving a revenue of 853.062 billion yuan, up 19% year-on-year, which was higher than the unanimous expectation of Bloomberg. The Non-GAAP net profit was 136.388 billion yuan, down 21% year-on-year. Among them, FY2022Q4 revenue was 204.052 billion yuan, up 9% year-on-year, and Non-GAAP net profit was 19.799 billion yuan, down 24% year-on-year. In terms of GMV, FY2022 increased by 2% year-on-year to 8.32 trillion yuan, including 7.98 trillion yuan in China market and 341 billion yuan in international market. A number of business performances exceeded market expectations. FY2022Q4 China’s business income was 140.33 billion yuan, up 8% year-on-year, customer management income was 63.421 billion yuan, up 0.31% year-on-year, higher than the previous guidelines, and local life service income was 10.445 billion yuan, up 29% year-on-year, higher than Bloomberg’s consensus expectations. The growth was mainly caused by the long-term repeated epidemic situation, which increased consumers’ demand for necessities storage and the continuous optimization of the company’s The revenue from cloud business was 18.971 billion yuan, up 12% year-on-year, which was lower than the consensus expectation of Bloomberg, mainly due to the weak macro-economy, the reduced demand of Internet companies for cloud, and the impact of the epidemic on project delivery. 618 is approaching, and in the context of the weak economy in China, Ali has boosted consumption with subsidies greater than in previous years, boosting the release of online demand during shopping. Stimulated by the unexpected performance, the company’s Hong Kong stock price rose 12.21% the next day.

  Baidu Group-SW (9888.HK):On May 26th, the company announced the results of 2022Q1. In the first quarter, the company’s overall revenue was 28.4 billion yuan (+1%), and the Non-GAAP net profit was 3.9 billion yuan (-22%). The revenue met expectations and the profit exceeded expectations. In terms of business, Baidu core’s revenue is expected to increase by 1% to 21.4 billion yuan, of which advertising revenue is 15.7 billion yuan (-4%), mainly due to macro headwinds caused by local epidemic distribution and other factors. Non-advertising revenue was 5.7 billion yuan (+35%), of which intelligent cloud revenue increased by 45%, exceeding expectations. On the profit side, Baidu core’s Non-GAAP operating profit margin is 17%, the Non-GAAP net profit margin is 18%, and the overall Non-GAAP net profit of the group is 3.9 billion yuan (-10%). The profit growth is mainly due to the relatively cautious operation of Baidu core and the substantial improvement of iQiyi’s profit. With the impact of the epidemic gradually fading in mid-March, we judge that the company’s advertising business is expected to gradually stabilize in the second half of the year. As the company’s second growth curve, Baidu AI Cloud has continued to expand in the fields of intelligent transportation and industrial Internet, and its growth rate is higher than the industry average. Although it faces quarterly fluctuations, its overall health is still good. Intelligent driving has also progressed steadily. Apollo obtained the letter from Dongfeng Motor, and radish quickly expanded to Wuzhen and Wuhan, and the commercialization process continued to advance. Optimistic about the investment opportunities for the company’s fundamentals to improve after the industry recovery. Stimulated by the unexpected performance, the company’s Hong Kong stock price rose 14.26% the next day.

  The Internet sector led the gains in Hong Kong stocks, seizing the current strategic allocation opportunity.Stimulated by the surge of US stocks and China Stock Exchange the previous day, on May 27th, Hong Kong stocks opened higher, the Hang Seng Index opened 2.63% higher and the Hang Seng Science and Technology Index rose 4.45%. Among them, the performance of Alibaba and Baidu Group exceeded expectations, rising by about 12% and 15% respectively. Hong Kong stocks performed strongly throughout the day. At the close, Hang Seng Internet ETF(513330) and Hang Seng Technology Index ETF(513180) rose by 3.36%/4.06% respectively. Recently, the domestic policy of steady growth has been in the stage of sustained development on the right. The "525 National Conference on Stable Economy" has laid a strong arm for all localities to implement the central spirit. With the gradual resumption of work and production in Shanghai, the epidemic factors that had previously affected market sentiment have weakened marginally. In addition, the minutes of the FOMC meeting in May did not show the hawkish signal that exceeded expectations, and the short-term risks of US stocks gradually cleared up. Hang Seng Internet will gradually usher in a turning point, and the Hong Kong stock Internet sector represented by the platform economy will usher in the bottom of valuation, policy and profit. Resonance.

  (Data sources: Wind, CITIC Jiantou, CITIC Securities, Zheshang Securities, note: the above does not constitute a stock recommendation)

  3. Valuation analysis

  Last week, the Internet sector of Hong Kong stocks fluctuated downward as a whole. On Friday, it was boosted by the performance of constituent stocks exceeding expectations and rose sharply. The resilience of the index performance was highlighted. At present, the overall valuation of Hong Kong stocks has been adjusted in place after a continuous decline in the previous period, and its advantages as a global valuation depression are gradually recognized by the market. In the future, with the marginal improvement of unfavorable factors, it may usher in a systematic valuation upgrade opportunity. The current shock city is a more suitable layout time for fixed investment, and you can accumulate chips through low-level small-batch admission or fixed investment.

  Chart: Changes in the valuation of Hang Seng Internet Index

  Hang Seng Internet ETF(513330): The performance of index heavyweights exceeded expectations, demonstrating the business resilience.

  Source: Wind, as of 2022/05/27.

  (Be cautious about risky investment in the market)

Reporting/feedback

Guangzhou’s first home loan interest rate broke through the lower limit of LPR, which affected the property market?

  Guangzhou, a first-tier city that has performed quite actively in this round of property market regulation, once again led the launch of a new favorable new policy.

  Recently, the lower limit of the commercial loan interest rate for the first home in Guangzhou has exceeded the quoted interest rate (LPR) of the loan market, and dropped to LPR minus 10 basis points (BP). Therefore, Guangzhou has become the first first-tier city with the lower limit exceeding LPR. Following the first introduction of the policy of "recognizing houses but not loans" in first-tier cities, Guangzhou continued to make efforts to adjust its real estate policy. How is the market response now?

  First-tier cities, Guangzhou has successively adjusted its mortgage policy.

  According to Guangzhou Daily, the latest policy in Guangzhou is: the minimum down payment ratio of the first commercial personal housing loan is not less than 30%, and the lower interest rate limit is LPR minus 10 basis points; The minimum down payment ratio of commercial personal housing loans for two sets of housing is not less than 40%, and the lower limit of interest rate is LPR plus 30 basis points; There are 2 suites and more in Guangzhou, and the distribution is suspended.

  The New Deal will be implemented from September 8, and if the online signing of the sales contract or real estate sales contract has been completed before September 8 (excluding September 8), it will be implemented according to the original regulations.

  This policy is based on the Notice on Adjusting and Optimizing the Differentiated Housing Credit Policy issued by the People’s Bank of China and the State Financial Supervision and Administration on August 31st, which stipulates that the lower limit of the minimum down payment ratio of commercial personal housing loans for the first home and the second home should be unified at not less than 20% and 30%. In terms of interest rate, the lower limit of the interest rate policy for the first set of commercial personal housing loans is implemented according to the current regulations, that is, not less than the corresponding period LPR minus 20 basis points; The lower limit of the interest rate policy for two sets of commercial individual housing loans is adjusted to not less than the corresponding period LPR plus 20 basis points.

  Market participants said that although the down payment ratio of the first home loan in Guangzhou has not been lowered to 20% expected by the market, it is still 30%. However, the minimum down payment ratio for the purchase of the second suite was reduced to 40%, exceeding market expectations. Previously, the down payment ratio in Guangzhou was 50% (ordinary commodity housing) or 70% (non-ordinary commodity housing).

  "Compared with the policy before the adjustment, the down payment ratio of the adjusted second home loan has been significantly lowered. There is a house but no loan or the loan has been settled, and the down payment ratio has dropped by 20%; If you have a house but have not paid off the loan, the down payment ratio has dropped by 30%. At the same time, the loan interest rate has also dropped significantly compared with the previous LPR plus 60 basis points. " Chen Xueqiang, research director of Guangzhou Branch of the Central Finger Research Institute, explained.

  "Lowering the down payment ratio and interest rate of the second home loan is mainly aimed at improving people who own a house in Guangzhou and have certain ability to pay, without passing ‘ Sell one, buy one ’ To replace it, it is also conducive to accelerating the release of the second suite to improve demand. " Chen Xueqiang believes that this is different from the previous policy of "recognizing houses and not recognizing loans". The implementation policy is mainly aimed at two sets of buyers, which greatly reduces the threshold and cost of buying houses.

  At the end of August, the Guangzhou Municipal People’s Government issued the Notice on Optimizing the Criteria for Determining the Number of Housing Units in Personal Housing Loans in Guangzhou, which was the first time that the policy of "recognizing houses but not loans" landed in first-tier cities, and was considered to be building momentum for the Guangzhou property market.

  Can "Combination Boxing" Help "Golden September and Silver 10"?

  "On September 2 -3, the New Deal was just announced, but the weather was not very good, so the number of people who came to see the house on the spot did not increase obviously. Last weekend, it was steady and rising. However, there are obviously more online and telephone consultations, and most of them just need to change rooms, but the proportion of real transactions is not large, and the price increase has not been thought about. " A real estate agent in Guangzhou told reporters.

  Ms. Huang, a citizen of Guangzhou, has just settled on a house recently. "Family and friends said that they felt that house prices would drop a little, and they were not in a hurry. But we just need to buy a house, and the children will go to school next year and buy a school district. " Ms. Huang said that the biggest feeling after buying a house is that school districts are still very popular, especially the good school districts in Yuexiu District and Haizhu District, which are not worried about selling at all.

  But as a seller, Ms. Lin, a citizen of Guangzhou, is much more entangled. "We want to sell the present house and buy another one, which is to improve the replacement. The listing has been hung for half a year, and it has dropped by almost 200,000 yuan. It has not been sold yet. " Miss Lin said that some floors in her community are not particularly good owners, and they may directly reduce the price by 400,000 yuan and 500,000 yuan. When buyers see them, they also hope to buy good floors at this low price. Owners are not in a hurry if they don’t sell them, because everyone is still holding a wait-and-see attitude.

  "Wait and see" and "no hurry" seem to be the common mentality of many Guangzhou buyers in recent days. According to the data monitoring of the Central Finger Research Institute, the transaction volume of new houses in Guangzhou has been declining for four consecutive months since April this year. In August 2023, the transaction volume of new houses was 504,000 ㎡, down by 0.6% month-on-month and 25.7% year-on-year. The current market transaction volume has been at a historical low level.

  How much incentive can the continuous introduction of the New Deal bring to the Guangzhou property market?

  Zhang Hongwei, founder of Mirror Consulting, believes that Guangzhou Zengcheng, Conghua, Huadu, Baiyun non-core area and other areas have a large inventory, which is basically the first set of areas that just need to buy a house. Property buyers in these areas will benefit from the preferential interest rate of the first suite in Guangzhou, which will help the property market in these areas to further digest the inventory.

  "This is first of all conducive to the demand for changing houses, including ‘ Sell one, buy one ’ The demand, especially the demand for second suites, including buying houses for parents and children, as well as investment demand, conforms to the new situation in which the new housing market focuses on improvement and large-sized units. " Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, said that small-sized houses and low-priced houses released by the demand for house exchange can also drive people who just need to enter the market, especially those who are eager to get on the bus, such as marriage, employment and having children.

  "However, the year-end market repair brought about by this favorable policy and the impulse response may weaken at the end of the year or even in November. Whether the property market can stabilize in the future depends on the fundamental repair situation. " Li Yujia believes.

  Chen Xueqiang believes that with the implementation of Guangzhou’s first house "recognizing the house but not the loan" and the sharp reduction of the down payment ratio and interest rate of the second house, the confidence of the property market will be obviously boosted in the short term, and at the same time, the pace of entering the market will be accelerated for the rigidity of benefiting and improving the crowd. At the next "Golden September and Silver 10" node, developers will also use the policy window period to speed up the pace of pushing goods, and Guangzhou’s property market "Golden September and Silver 10" is expected. (Zuo Yukun)

The world’s only captive brown giant panda "Qizai" was adopted.

The world's only captive brown giant panda "Qizai" was adopted.

The world’s only captive brown giant panda "Qizai" was adopted. Photo by Xu Guanglan

  Xi ‘an, Nov. 20 (Reporter Alina) The adoption ceremony of the world’s only captive brown giant panda "Qizai" was held at the Qinling Giant Panda Breeding Research Center of Shaanxi Academy of Forestry on the 20th, and Pandas International adopted the giant panda "Qizai".

  Born in 2009, Qizai, a 10-year-old male living in the Qinling Giant Panda Breeding Research Center, is honest and honest, and has attracted much attention because of his rare coat color. "Qizai" was discovered in Foping County, deep in the Qinling Mountains. On the night of November 1, 2009, Shaanxi Rare Wildlife Rescue Research Center rescued an abandoned baby light brown animal in Foping, and later determined that it was a giant panda baby and named it "Qizai".

The world’s only captive brown giant panda "Qizai" was adopted. Photo by Xu Guanglan

  According to reports, Panda International is a non-profit organization founded in 2000 and headquartered in Denver, USA. The organization has been committed to the protection and research of giant pandas in China. As the head of the organization, Susan has established good cooperative relations with several giant panda breeding bases in China through long-term cooperation, and every year, she will raise articles, medicines and funds for the giant panda protection cause to promote the development of the giant panda protection cause.

The giant panda "Qizai". Photo by Xu Guanglan

  Panda International has successively donated vaccines, generators, laboratory instruments and other urgently needed items, cribs, milk powder and other giant panda breeding items to the Qinling Giant Panda Breeding Research Center. It has provided help for the development of giant panda breeding, breeding and rearing in Qinling Giant Panda Breeding Research Center.

The giant panda "Qizai". Photo by Xu Guanglan

  In view of Panda International’s consistent support and donation to the Qinling Giant Panda Breeding Research Center, the center decided to grant Panda International the right to adopt seven giant pandas for life. On the one hand, it expressed its gratitude to Panda International for its selfless support and donation to the work of the Qinling Giant Panda Breeding Research Center. On the other hand, it hoped to better publicize the Qinling Giant Panda culture and attract more international and domestic organizations and individuals to participate in the protection of giant pandas through the international and domestic influence of Panda International.

The concept poster of "Three Blondes of Alibaba" focuses on treasure hunting in the desert.

Warm wind and warm spring, today’s 3D/2D animated film scheduled for release in 2018 is another good news — — The concept poster of this film was first exposed today!There are two concept posters released this time, both of which have beendesertAs the background, it is full of rich Arab characteristics and customs.

In the first poster, the blue sky is boundless, the desert is vast, the breeze is blowing, and layers of yellow sand are flying, which seems to cover the poster with a veil. A group of business travelers are riding camels towards a castle not far away, causing yellow sand to roll. About the time spent in the desert is too long, the castle is full of vicissitudes of history, and the scattered ruins add a sense of history. What role does the castle in this desert play? Are the audience friends as curious as Xiaobian? In 2018, the answer to the cinema was announced!

In the second poster, the sand is rolling and the wind is blowing, and some things buried by the yellow sand gradually reveal their true colors — — A purple box inlaid with sheep skulls is half exposed, like an ancient box, full of mystery. What is in this box? Why does it appear here? Go to the cinema to find the answer in 2018!

The film mainly tells the story that Alibaba, who came back from adventure, embarked on a thrilling journey again in order to rescue his partner Xiao Sesame, who was detained by robbers, and thwart the robbers’ plot.

At the same time, it is understood that as an animated film specially made for children, the film can be said to be considerate of children everywhere, with rich colors and compact and easy-to-understand plots, so that children can understand the meaning of responsibility and responsibility while watching movies. What’s more worth mentioning is that in order to take care of younger children’s viewing comfort and give older children more choices, the film specially chose 3D/2D simultaneous hair, which shows the degree of care.


The premiere of the new theatrical version of Naruto, the luxurious seiyuu array, gathered in the first place.


(From left) Noriaki Sugiyama, Emi Shinohara, Nakamura Chie, Naruto, Junko Takeuchi, Kazuhiko Inoue and director Date Hayato.


Wonderful stills of Naruto Theater Edition

    Movie network news(Compile/Ji Zhongpeng) Naruto Theater Edition: The Road to Ninja, the 10th Anniversary Commemorative Edition of Japanese Super Popular Animation Naruto, was released in Japan on July 28th. At the Tokyo premiere, including cartoonist Kishimoto Masashi, the luxurious seiyuu array gathered together. The main voice of Naruto Uzumaki, the voice of Haruno Sakura, Nakamura Chie, the voice of Kakashi, Kazuhiko Inoue, the voice of Sasuke Uchiha, and the director Ida Yong were all present, which made the ninja fans who usually only heard their voices but didn’t see them feast their eyes.

    Takeuchi, who voiced Naruto, acted as the host on the stage, and introduced the luxurious seiyuu array and their dubbing roles to the audience in turn. When Takeuchi made the familiar Naruto sound, the audience immediately stirred up and attracted the audience to shout and scream.

    The film is a theatrical version commemorating the 10th anniversary of the birth of TV animation, and the original author Kishimoto Masashi personally planned and created the script. The character will change in the theatrical version. Kishimoto said that "the unchanging role, I think, will bring visual fatigue to the audience. If the character of the role is slightly changed, it should bring different freshness to the audience. Therefore, starting from the personality changes of Naruto’s parents, I believe that there will be a more exciting world view. " In addition, the film director Ida also revealed to the audience that action fighting will be more intense than TV animation.

    Since 1999, the original comics have been serialized in the Weekly Youth jump, with a cumulative circulation of more than 120 million copies. This film is the ninth theatrical version of Naruto, which tells the story of Naruto Uzumaki, the hero who is bent on becoming a ninja "Naruto", fighting against the evil force "Xiao" with his parents.

    The film Naruto Theater Edition: The Road to Ninja is being shown all over Japan.

Next page: More wonderful pictures.

"A Tale of Three Cities" exposes footage of New Year’s Eve on the rooftop, Jing Boran kisses and cries Qin Hailu

    

    1905 movie network news Starring Liu Qingyun, Tang Wei, Qin Hailu, Jing Boran and Huang Jue, the romantic romance film directed by Zhang Wanting, the film’s gold medal partner, and produced by Luo Qirui is being screened. Since the trial screening began, the film has received rave reviews and its reputation has continued to heat up. Many audiences have been moved by the romantic love in the film until death. The film recently announced the New Year’s Eve video in the film, Liu Qingyun and Tang Wei dance under the moon, Qin Hailu and Jing Boran kiss affectionately, showing the ultimate romance.

    In the exposed clip, two pairs of lovers are on the rooftop of a splendid building in Shanghai, dressed in splendid clothes for the New Year’s Eve, and their faces are filled with smiles showing hope for the future. Liu Qingyun and Tang Wei embraced and danced under the moon and got engaged with jade pendants. Tang Wei confessed that he liked the scene very much, "such long hair spread out when he turned around, it’s really beautiful". Some netizens also followed the plot to feel hope, "I hope that all the waiting will not be let down by time; I pray that all the persistence will eventually get what I want." Another pair of Qin Hailu and Jing Boran kissed with Thanks, and many fans envied it as "so romantic" and "let go of Jing Bao and let me come".

 

    It is reported that the preparation period of "Three Cities" lasted for ten years, including not only the creation of the script, but also the collection of detailed materials and the search process of the scene. According to the director Zhang Wanting, in order to restore the social customs of the time, she resolutely did not use artificial scenes. All the scenes in Anhui were real scenes that took three years to find. "The scenes in Shanghai were filmed in some demolished alleys and old residential areas, and the old residential houses and ruins were all real."

    In addition, some elegant details in the film that are close to history are also very eye-catching, such as the details of Yuerong’s mother wearing exquisite embroidered shoes to go upstairs wrapped in small feet, the inflationary living conditions during the Anti-Japanese War, etc., all of which strive to be close to the historical truth. After watching the film, some netizens said that the film truly restored the daily life of ordinary people in that period, "reminding us to remember history, it is very real."

  

   In addition, the film has also been shortlisted for the "Asian Film Window" section of the Busan Film Festival. The film is currently in theaters.

Rulu’s new drama imitates Bai Baihe? This transition is very uncomfortable.

Born in the Sun, starring Rulu and Vengo, is a true and warm story based on the famous cartoonist Xiong Dun’s anti-cancer. Vengo, who has just come out of The Beauty of Cheongsam, feels that she has cooperated with Rulu once again, but this time it is Rulu who is even more disobedient.

The play tells the story of Xiong Dun, a young cartoonist, who was in adversity when he suffered both emotional and workplace setbacks, but bravely fought against the disease, insisting on smiling at life and infecting everyone around him. Once officially announced, "Born in the Sun" was listed on the list of Weibo dramas TOP1 be broadcast.

However, this only seems to be expected by people. In fact, it is really uncomfortable to look at a girl with cancer in Rulu! Because this TV series had a movie version that Bai Baihe had shot before, which was "Fuck off!"! Tumor jun has achieved very good results in both box office and word of mouth. At the same time, Bai Baihe has been subsidizing the parents of the archetypal characters in recent years, which makes her do everything. More importantly, Bai Baihe has been in a state of hanging the whole entertainment circle in the chick movie market. On the one hand, it depends on the unique spirituality. The audience who saw the movie must remember the literary and green appearance of Bai Baihe’s cartoonist Xiong Dun venting his emotions on the top of the mountain, which didn’t make the audience feel uncomfortable and embarrassed at all.

Her aura is all the more obvious. Rulu, who has cut short hair, is patting the same bridge, but it is wide, strong and artificial. As far as the present situation is concerned, whether it is modeling or whether the whole character is shaped naturally, her performance makes people feel very embarrassed. Rulu really doesn’t have the temperament to perform a positive girl with cancer in her prime.

This is not the first time that Rulu has made people vomit, and the appearance alone does not conform to the role setting. Before "Pentium Age", Rulu began to show people with short hair, but she no longer wanted to be sexy and mature like in the past and get rid of the label of Hua Fei, but it has not been successful until now. If we say that Rulu has no acting skills, it’s a bit of a lie with your eyes open. It is obvious to all that she has shaped and grasped many roles. Not only Hua Fei, but also in some film and television plays before, she contributed a good acting skill.

Then why have people been embarrassed many times in the past two years? There are two reasons:

First, always challenge the completely opposite role, not step by step. In fact, netizens and fans can also understand Rulu’s feelings. After all, every aspiring actress doesn’t want to play the same type of role all her life, and her transformation is a matter of course. However, the method she chose is a bit too radical. Every time she chooses a role, it is completely different from her personal image. She should take it step by step to gradually change the audience’s inherent impression of Hua Fei. Take Sun Li, who was labeled together, and it was only after repeatedly testing the water that she gradually got a different feeling.

Second, the age limit, did not develop their own characteristics. Rulu’s age is not small, and her figure is particularly limited. She should add moderately, enlarge her own advantages, foster strengths and avoid weaknesses, instead of blindly pursuing slim girlish feelings and cutting short her hair to completely subvert her image. In addition, it is crucial that Rulu always plays roles that are not in line with his age. More than a decade ago, she was playing a mature girl in her early twenties, and now she turns around to play an ignorant young girl. This is what she can’t get over, and it will make the audience get over it.

In short, the role of the new drama "Born in the Sun" is not suitable for Rulu’s own appearance and characteristics, and Zhu Yu is in the front. Just the preview makes the audience feel uncomfortable. This is really a sweat for Rulu’s ability to choose books for filming. On-Moon Arc

"Baby in Charge" will be released nationwide tomorrow, and four "cute" points will be high-energy warning.

  Produced by Jing Wong, directed by Sharla Cheung, and starring Wang Shiling, Wu Zhenyu and Miriam Yeung, the hilarious family comedy "Baby in Charge" will land in major cinemas across the country tomorrow. The film tells the hilarious story of the just baby league and the stupid thief group. The plot is tortuous and adventurous, and there are more cute points to take you through the summer vacation.

  Baby United "Meng" strength attack to bring you summer family fun

  In the film, Wang Shiling, the little princess of the ghost horse who is in charge alone, is invaded by a stupid thief and uses special symbols to send a distress message to her friends. The Baby League, composed of Jozef Liu Waite and others, is resourceful and brave, and uses all kinds of cute tricks to repel stupid thieves frequently. In the previously released trailer, Wang Shiling turned into a panda superman, which attracted many netizens to exclaim: It’s adorable! Wang Shiling led the "Meng" army to subdue stupid thieves, and the small universe broke out in an all-round way, and the cute jokes kept coming, bringing you a summer family fun.

  The most cute family file is funny. Wu Zhenyu exclaimed rejuvenation

  Miriam Yeung and Wu Zhenyu, who premiered the couple, not only had a tacit understanding in the play, but also interacted frequently with their "daughter" Wang Shiling to form the most cute family file. In the film, Wu Zhenyu continues his "off-line ghost horse" personality, and one person plays two roles to show his super acting skills. On the one hand, he is a wonderful father who is gentle and kind, and on the other hand, he is a funny "big stupid thief". Miriam Yeung, who plays his wife, is often convulsed with laughter at the shooting scene. The warmth of family brings infinite laughter and fun. Wu Zhenyu, who was called "Wu Sannian" earlier, even said, "With so many small actors, I am rejuvenated again!"

  In history, the "most stupid thief group" attacked with exaggerated modeling and funny actions.

  The all-star "Stupid Thieves’ Day Group", composed of famous Hong Kong comedians Zhan Ruiwen, Lu Fen and Mars, stole the show, and was dubbed by netizens as "the most stupid thief group in history". The "cruel brother" with yin and yang shapes, the "bald guy" with comb hair style, and the "mountain woman" with red body are exaggerated and funny in shape, and their action expressions make people laugh. More "Meng Meng Da" parrots come to help out, with constant surprises and explosions.

  "Natural Meng" Fei Wei brings his own laughter. The dream scene evokes the girl’s heart

  Not to be outdone, the robot housekeeper "Fei Wei" with his own "punchline" has also become an indispensable "cute point" in the movie. Naive and naive modeling, in order to protect Angela Wang Shiling, she started the fighting mode and fired colored shells to fight the stupid thief to the end. The warm and dreamy fairy tale scenes in the film have attracted the attention of many children, and at the same time aroused the pink girls’ hearts of many big friends. There are also mysterious and lovely pets that bring you "natural cute" surprises and let the audience feel different summer family fun.

  "Baby in Charge" is jointly produced by Meiya Entertainment, Star Dynasty, Chengdu Best Friend, Shaw, Huahuang and iQiyi. As a truly family fun movie for all ages, I want to unlock more Machamp tricks of Baby League "Meng" and invite you to play on July 29th.

"Wild boar and small snake will follow you", and the "local flavor enrollment advertisement" made by Huazhong University students became popular.

  It’s another year of enrollment season. The Paper noticed that a "local-flavor enrollment video" made by students in Huazhong University of Science and Technology was circulated on the Internet recently, which caused heated discussion among many alumni and college entrance examination students. On July 19th, Yan Yixin, a video producer, told The Paper that the "stalks" in the video all come from school life, which is the content of daily teasing among classmates.

  Compared with the official recruitment publicity in colleges and universities, some videos and posters made by students have emerged in recent years, which have attracted the attention of netizens because of "grounding gas". In this regard, a university administrator told The Paper that the popularity of "local flavor enrollment" has also inspired universities to constantly innovate forms and work hard towards the goal of combining liveliness with seriousness, innovation and practicality. Some media also commented that the producers are helping their universities to find a sense of existence in the field of public opinion, and at the same time, they are also showing their image of the university.

  Video screenshot

  Students’ self-made "local flavor enrollment advertisements" are popular.

  The video produced by Yan Yixin is called "The strongest enrollment series in history — Attack Huazhong University of Science and Technology! This is no better than the admissions brochure? " , first circulated in bilibili. The video is dubbed by a vigorous male voice. At the beginning, it goes straight to the theme with the phrase "It’s another year of college entrance examination season, and you should be careful in volunteering", ridiculing that "going to Huake, rounding up is MIT in the East". The video also mentions many characteristics of Huazhong University of Science and Technology: "Jianghu people call it Little Tsinghua in the South"; Covering an area of more than 7,000 mu, "except trees, it is still a tree" and "across five subway stations, except for big ones"; "Wild boar and small snake will roll with you"; It has the largest number of canteens in the country, "to ensure that Auntie doesn’t tip the spoon" … …

  Yan Yixin is a student of 2020 School of Management, Huazhong University of Science and Technology. He told The Paper that he was inspired by the self-made enrollment videos made by alumni of Shanghai Jiaotong University and Sichuan University, and he also wanted to make a similar "interesting" video for his alma mater. On June 24, he conceived the video content, wrote the copy the next morning, found someone to dub it, finished the video production in the afternoon, and sent it out that night. There are many hilarious stalks in the video, such as "Sekinoyamaguchi Men’s Vocational and Technical College" and "The ratio of male to female is seven to one ‘ Monk ’ Temple "and other" self-black "ridicule.

  "These are all things that I learned after I came to school. They are all the contents that students ridicule every day." Yan Yixin said that these stalks all come from life.

  On July 15th, this video was forwarded to the WeChat video platform from the media "Huake Alumni Circle", which triggered a new round of communication. The operator of the "Huake Alumni Circle" believes that this short video made by individuals has the self-deprecating humor with the cultural characteristics of the campus of Huazhong University of Science and Technology. "Compared with the common didactic propaganda film, many stalks buried in it make people laugh."

  The content of such "grounding gas" attracted the alumni of Huazhong University of Science and Technology to resonate. "Huazhong University of Science and Technology, pigs are on the road, snakes are in trees, and people are in the water." "Under the forest park, I got lost for the first time and gave it to Huazhong University of Science and Technology!" Alumni recalled their past campus life in the comment area.

  "In those days, I made this (enrollment) call, entered No.1037 Forest-Guanshanmiao-Xinwuxiong University-Sekinoyamaguchi Vocational and Technical College, crossed five major subway stations, pulled my bicycle on a desperate slope, and 35 canteens suffered from work-related injuries and got fat. I was lost in the West No.12 Teaching Building and Fluorescent fun run Forest Park to witness the last Songkran Festival." A netizen said.

  In the comments, many netizens expressed their yearning for the school.

  Video screenshot

  Enlightenment from alternative enrollment advertisements

  In recent years, this kind of self-made "recruitment advertisement" by students or alumni is not poor in the upper level of the network, and it is often presented in the form of posters, videos, games, etc. The content is mostly ridiculous and self-deprecating, which attracts a lot of attention. However, some people think that there are many improvements in this kind of enrollment propaganda. Don’t just "play with stalks" and lose the core of university spirit.

  China Youth Daily once commented on this phenomenon, saying that, to a certain extent, these enrollment documents "contributed" by students and alumni at school should be regarded as a kind of "self-expression". While helping their universities find a sense of existence in the public opinion field, they are also showing their image of the university. This kind of enrollment posters and videos are both external and internal, facing the college entrance examination students and an extension of campus culture. For example, at present, many universities have their own alternative "flower names". Although it is full of ridicule and even "self-humiliation", it is the embodiment of students’ sense of identity and belonging to their alma mater, which vividly explains what it means that "the alma mater can only be scolded by themselves". In addition, in these teasing, the school can see the true image of the university in the eyes of students. Including the shortcomings it faces, and the places where students are most looking forward to change.

  In this regard, a university administrator told The Paper that the popularity of "local flavor enrollment" has also inspired universities to constantly innovate their forms and work hard towards the goal of combining liveliness and seriousness, innovation and practicality, and they should not blindly soar or sink.