Brokers "cut interest rates"! How great will the impact be?

Source: Broker China

Brokers have cut interest rates again.

Recently, brokers including Bohai Securities, Dongguan Securities, Aijian Securities and Open Source Securities have announced that they will adjust the annual interest rate of customer margin demand deposits to 0.2% from March or April. It is reported that under the influence of market interest rates, brokers have cut interest rates many times in the past two years, from higher interest rates to 0.25% and then to 0.2%.

"The interest rate cut by brokers has little impact on individual investors, but it has a certain impact on brokers themselves." According to industry insiders, the margin of some brokerage customers is huge, and some of them are as high as tens of billions of yuan. "Reducing interest rates" can guarantee the margin spread income of brokers. According to the 2023 annual report of some brokers, income such as margin spreads accounted for 5% of revenue.

Many brokers "cut interest rates"

On April 8, Bohai Securities issued the Notice on Interest Rate Standard of Customer Margin Account. According to the notice, from April 15, 2024, the company adjusted the interest rate standard of RMB funds for customers, and the adjusted RMB interest rate standard was 0.2% (annualized). Interest on customer’s fund deposits shall be settled at the above interest rate, and shall be kept to two decimal places according to the rounding principle.

China, a reporter from Securities Times and Brokers, noticed that Bohai Securities is not the only one, and at least a number of brokers have also recently released the news of adjusting the interest rate of customers’ margin accounts.

On March 27th, Dongguan Securities issued the Announcement on Adjusting the RMB Current Interest Rate of Investor’s Capital Account. According to the announcement, according to the change of market interest rate, the company decided to adjust the RMB current interest rate of investors’ capital account to 0.20% (annualized) from March 29, 2024.

On March 26th, Aijian Securities issued the Announcement on the Interest Rate Standard of Investors’ Funds. According to the announcement, since March 21, 2024, the company has adjusted the interest rate standard of RMB funds for customers, and the adjusted RMB interest rate standard is 0.2% (annualized). Interest on investors’ fund deposits shall be settled according to the above interest rate, and shall be kept to two decimal places according to the rounding principle.

On March 11th, Open Source Securities issued the Announcement on Adjusting the RMB Current Interest Rate of Investor’s Margin Account, saying that the company decided to adjust the interest rate of RMB funds in investor’s margin account to 0.20% per annum from March 21st, 2024.

It is reported that the deposit in the investor’s fund account refers to the available funds in the investor’s stock account. If you don’t buy stocks, the money will lie in the account, and the brokerage will settle the interest for the investor according to the current interest rate. According to the announcement of the above brokers, the brokers will calculate the interest at the rate of 0.2% (annualized).

Interest rates fall again and again.

In recent securities firms, the adjusted annual interest rate of margin is 0.2%. In fact, before this, the margin interest rate of brokers has been adjusted several times, and the interest rate has gradually dropped, from a higher point to 0.25% and then to 0.2%.

As early as September 20, 2022, Cinda Securities announced that from September 15, 2022, ICBC and other banks lowered their deposit interest rates according to relevant regulations, that is, the annual interest rate of demand deposits was adjusted to 0.25%. From September 21st, 2022, Cinda Securities will pay interest to investors at the rate of 0.25% of deposit interest rate of the above-mentioned third-party depository bank.

In June 2023, Cinda Securities issued the Announcement on Adjusting the Deposit Interest Rate of Brokerage Clients. According to the announcement, starting from June 8, 2023, banks such as ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Minsheng, Huaxia, CITIC, China Everbright, Guangfa, Postal Savings and Ping An lowered their deposit interest rates in accordance with the relevant provisions of the People’s Bank of China on the liberalization of administrative control over deposit interest rates, and members of the market interest rate pricing self-discipline mechanism independently determined the deposit interest rate level within the self-discipline upper limit of deposit interest rates. Now the annual interest rate of current deposit is adjusted to 0.20%. From June 21, 2023, the company will pay interest to investors at the rate of 0.20% of deposit interest rate of the above-mentioned third-party depository bank.

At that time, Huajin Securities also stated that from June 20, 2023, the company will pay interest to investors according to 0.2% of deposit interest rate. Guorong Securities also stated that the company is scheduled to adjust the interest rate of the customer’s three-party deposit funds and option deposits from 0.25% to 0.2% from June 22, 2023.

How big is the impact?

"The adjustment of customer interest rates by brokers is mainly related to the current changes in bank deposit interest rates. The latest bank deposit interest rate is 0.2%." A non-bank analyst of a brokerage firm told the China reporter.

Some analysts believe that the reduction of deposit interest rate in margin account has little impact on customers. On the one hand, because the deposit interest rate is reduced by a small margin, it may be 0.05 percentage points; On the other hand, the margin amount of a single customer may not be very large, and some customers even signed up for margin financing products. Therefore, on the whole, it is not obvious that the reduction of margin interest rate will eventually lead to the reduction of interest earned by customers.

Although it has little impact on specific individual customers, because the number of customers is relatively large, some brokerage customers reach millions or even tens of millions, and the overall scale is actually not small. Therefore, for brokers, the reduction of margin interest rate may form a considerable income.

"Margin spread income is an important part of brokerage interest income. Where does this part of income come from? The customer’s deposit will be settled by the brokerage firm according to the interest rate standard of demand deposit. On the other hand, the money is deposited in the bank by brokers in the form of interbank deposits, so the bank will settle this part of the interest with brokers at the interest rate of interbank deposits. The interest rate of interbank deposits will be higher than that of individual customers deposit interest rate, and there will be a spread in the middle. " Some brokers told the China reporter.

The relevant data in the brokerage annual report also confirms this point. The just-released 2023 annual report of a medium-sized brokerage shows that in the wealth credit business, the income of "customer margin spread income" is 283 million yuan, accounting for 4.45% of the total operating income. In 2022, the business income was 282 million yuan, accounting for 5.28%.

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A magnitude 5.9 earthquake struck Osaka, Japan, killing 3 people and injuring 51 others.

NHK TV screenshot

  People’s Daily Online, Tokyo, June 18 (Xu Yongxin) According to the Japan Meteorological Agency, an earthquake measuring 5.9 on the Richter scale occurred in the northern part of Osaka Prefecture, Japan at around 7: 58 local time on the morning of the 18th, with a focal depth of about 10 kilometers. According to NHK TV, three people were confirmed dead and 51 injured.

  According to the current affairs news agency, on the morning of the 18th, the Japanese government set up a bureaucratic countermeasure room in the crisis management center of the Prime Minister’s official residence to collect information. Japanese Prime Minister Shinzo Abe demanded immediate knowledge of the victims and accurate information for the public. Shinzo Abe stressed to reporters: "In line with the basic policy of putting human life first, the government will respond in unison and will join hands with local governments to ensure foolproof."

  According to NHK TV, so far, it has been confirmed that a 9-year-old girl, an 80-year-old man and an 80-year-old man have died and 51 people have been injured.

  According to the introduction of the fire headquarters in Gaochun City, Osaka Prefecture, many people were injured in the city, and a fire broke out in a residential building, but it was quickly put out, and there was no injury caused by the fire.

  According to Kansai Electric Power and other news, about 170,000 households with Osaka Prefecture as the center have power outages, which are currently being urgently repaired. There are no abnormalities in the four atomic power stations located in Fukui Prefecture.

  According to the news from JR Tokai Company, the interval between Mihara Station and Shinosaka Station of Tokaido Shinkansen was suspended. According to JR West Japan Company, the section from Shinosaka Station to Okayama Station of Shanyang Shinkansen is out of service. In addition, the Osaka subway line was shut down.

  In terms of aviation, the navigation of Yidan Airport resumed at 9: 00 a.m., but due to the confusion of transportation to the airport, it may be grounded or delayed. On the other hand, the departure and arrival of Kansai Airport are running as usual.

  According to NHK TV, the tap water pipeline in Gaochun City broke, and the road collapsed. The collapsed area was about the size of two cars, and the sprayed water column was several meters high, and all the nearby areas were immersed in water. It is also reported that Osaka Natural Gas Company stopped supplying natural gas to about 110,000 users. There have been many cases of being trapped in elevators and calling the police in Osaka and surrounding areas.

Taxation Bureau of Weihai High-tech Zone: Iterative upgrading of tax service and continuous optimization of business environment

Correspondent Weihua Zhan Xu Xiaoling
Adhering to the service concept of "taxpayer-centered", and taking the opportunity of "Spring Breeze Action for Facilitating Taxes" launched in State Taxation Administration of The People’s Republic of China for the ninth consecutive year, the Taxation Bureau of Weihai Torch High-tech Industrial Development Zone in State Taxation Administration of The People’s Republic of China directly attacked the "urgent difficulties and worries" in the process of taxpayers’ tax payment, iteratively upgraded a package of measures to improve the tax service level and strive to create an efficient and convenient tax business environment.
Focus on "hard core services" to enhance the tax experience
The first is to build a "taxpayer’s home" and enhance the "home experience" of tax collection. Construct a "full-hall" taxpayer’s home covering many functional areas such as taxpayer’s school, rest and waiting area and expert counseling area, and promote the transformation of tax service hall from "office" to "experience hall" according to the model of "integration of office and office", providing tax-related consultation, remote assistance, tax counseling, free mailing and other services throughout the process, creating a "home" atmosphere and making tax payment full of warmth and warmth.
The second is to build a "cloud tax office" to enhance the "excellent experience" of tax payment. Actively promote "cloud" services, and advocate taxpayers to choose "non-contact" ways such as Shandong Electronic Taxation Bureau, Wei You Office, mobile APP and mail to handle tax-related business, so that taxpayers can enjoy convenient, efficient and high-quality services without leaving home. Up to now, on average, more than 500 transactions have been submitted and handled through "Wei You Ban" every month, and more than 4,550 transactions have been consulted in the cloud, saving taxpayers about 1,600 hours of tax payment time.
The third is to create a "fast ring center" and enhance the "fast experience" of tax collection. Set up a rapid response work center, adopt the method of "one window acceptance, internal carry-over and time-limited completion", effectively carry out declaration counseling and data review, and optimize and improve tax efficiency. At present, the average waiting time for taxpayers to enter the hall has been reduced from 35 minutes to less than 1 minute now, and the average processing time for a single business has been shortened to less than 5 minutes.
Focus on "precise service",Do a good job in publicity and counseling
The first is label management, full coverage of precision drip irrigation. Relying on the identity tag of taxpayers, the interactive platform of Shandong tax collection and payment was effectively integrated and optimized, and the private tag of the platform was added to 21 tags in 11 categories. According to the label, more than 600,000 preferential tax and fee reduction policies and detailed interpretation information are accurately pushed to qualified enterprises to ensure that enterprises grasp the policies and processes "should do their best" and help the tax revenue to land neatly.
Second, vertical and horizontal integration, full coverage of grid services. A three-level grid management framework of "district-town (street)-village (community)" is set up vertically, and a grid docking mechanism of "grid supervisor-grid instructor-full-time grid clerk" is set up horizontally. More than 8,700 copies of information on policy propaganda, collection and guidance, and more than 10,000 copies of publicity materials on residents’ medical care and old-age insurance payment are placed by using service points such as street bulletin boards, community service halls and party-mass activity centers.
The third is the window joint office, which is fully covered online and offline. Offline, combined with the activity of "I do practical things for the masses", we cooperated with the administrative examination and approval bureau to open the window of "one window for all new enterprises" and cooperated with the social security department to open the window of "tax and social security liaison office" to realize "one-stop settlement", saving taxpayers more than 50% time; Online, through hotline, online counseling and other means, timely respond to and deal with taxpayers’ demands and questions, answer questions and solve problems, and help taxpayers and payers to "network" smoothly.
Focus on "full process service"",to ensure the policy fall to the ground.
The first is to prepare for the service in advance. Strictly implement the work requirement of "what taxpayers can do, taxpayers can’t do it", carry out effect analysis on preferential policies such as "deferred payment of manufacturing industry", "value-added tax refund" and "six taxes and two fees", conduct in-depth research, carefully calculate and find out the base, strive to think carefully about the problem, consider the risks comprehensively, set accurate measures and do the work adequately, and actively coordinate all departments in the bureau to make preparations in advance to help taxpayers.
The second is to do a good job in implementing services. Give full play to the accurate screening function of big data platform, include relevant enterprises that meet the conditions of tax refund and tax reduction into "list-based" ledger management, and formulate implementation plans in batches according to different types of enterprises, including large, medium, small and micro enterprises. Carry out "peer-to-peer" accurate policy delivery to help taxpayers grasp the specific content and handling process of the policy. Up to now, more than 530 households have completed the acceptance review of VAT refund applications.
The third is to do a good job of post-event verification and supervision. In order to ensure the implementation of the large-scale tax rebate policy, we will effectively and effectively do a good job in the follow-up risk prevention and control of tax reduction and tax refund. We will carry out problem screening, doubt pushing and rectification guidance on the implementation risks of tax refund and tax reduction policies, decompose the doubts about policy implementation, and effectively promote the preferential tax and fee policy dividends to benefit market players more quickly, accurately and widely.
Focus on "Multidimensional Services" and Optimize the Business Environment
First, the top leader takes the process and experiences excellent service. Thoroughly implement the work requirements of "four abilities and four incapacities", practice the work style of "being strict, practical and quick", and organize special activities of "taking the lead in the process" and "being a taxpayer for one day". Through going to the enterprise and the tax service hall to "accompany" and wait, from the taxpayer’s perspective, we can deeply experience the real feelings of tax management and service, focus on solving the difficulties and blocking problems in the process of tax payment, and continuously improve the quality and efficiency of tax management and service.
The second is to push the gift package and guide the life cycle. In order to further implement the "streamline administration, delegate power, strengthen regulation and improve services" reform, continuously optimize the tax business environment, and actively improve the tax service mode for newly-established taxpayers, the publicity position was moved forward, and more than 4,000 copies of the "New Taxpayer Gift Package" were sent to newly-established enterprises, covering more than 20 businesses involved in the whole life cycle of enterprises, so that enterprises can understand the handling procedures of various tax-related matters and solve tax-related problems and puzzles for newly-established taxpayers.
The third is to safeguard tax-related rights and interests, and "Fengqiao experience" promotes promotion. In order to build a more harmonious relationship between tax collection and payment, the "Fengqiao experience" was integrated into the tax service, and a "tax dispute mediation center" was established to timely accept and properly handle issues related to tax payment services; For complex and significant tax and fee disputes, a team of experts will be set up in conjunction with the policies and regulations departments to jointly study and deal with them, and through "special affairs and special posts", the channels for taxpayers’ demands to be collected at any time, responded quickly and fed back on time will be further unblocked, and taxpayers’ satisfaction and tax compliance will be continuously improved.
News clue reporting channel: download the "Qilu Yidian" APP in the application market, or search for the WeChat applet "Qilu Yidian", and 600 reporters in the province will wait for you to report online!
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[Figure] Hollywood sexy martial arts beauty inventory is both hot and charming


Halle Berry
 

  There are many female stars who are famous for their beauty in the entertainment circle, and there are also many male movie stars who are famous for their martial arts. However, it is not uncommon for female stars who have both talent and beauty and have a good kung fu in movies. Their cool and heroic posture and sexy and beautiful figure on the screen both capture the hearts of the audience.

Halle Berry

  Halle berry is an American mixed-race actress. Winner of the 74th Academy Award for Best Actress.

Star file
 

  Birthday: August 14, 1966

  Height: 168 cm

  Weight: 51 kg

  Place of birth: Cleveland, Ohio, USA (Caucasian and black mixed-race)

  Marital status: Married twice, but unfortunately divorced. She had a daughter, Nahla Ariela Aubry, with model boyfriend Gabriel Aubry.

  Education: Cuyahoga Community College

  Occupation: actor, model

  Achievements: runner-up of Miss America in 1986, sixth place of Miss World in the same year, and the first Miss America Achievement Honor Award in 1998.
 
     In 1999, she won the 57th Golden Globe Award and the 52nd Emmy Award for Best Actress in TV and Film.  

     In 2002, she won the 74th Oscar for Best Actress. Best Actress in the 52nd Berlin Film Festival

  Harry Berry is also an out-and-out basketball fan. He is a big fan of Los Angeles Lakers and Sparks. Because she was busy with the publicity work of postpartum comeback, she missed all the games in the Lakers finals. Now, she focuses more on the WNBA games. When the schedule runs out, she will wave the flag for the Los Angeles Sparks at the Staples Center.

road to fame

  The 20th Bond film chose the black actress, who is halle berry, the best-selling bond girl so far, and the double winner of Berlin and Oscar.
  
  As an actress, halle berry vowed to break the tradition of bikini girls in bond girl and transform herself into a capable black pearl and a strong woman who can play with 007. However, how can a beautiful dark-skinned beauty like halle berry escape the emotional entanglement with 007? This is also halle berry’s first performance after winning the Best Actress Award.
  
  In the latest 007 film "Die in a few days", halle berry, who won the Oscar for Best Actress in 2001, plays bond girl. This is her first role since winning the prize.  
 
  As the 40th anniversary gift and 20th film of 007 series, the 2002 Die in a Few Days has a total investment of 142 million dollars, setting a new high for Bond films. In order to commemorate this special moment in the history of 007 movies, the historical footprints of the film crew can be said to be all over the world. In this film "Die in a few days", the traces of the first 19 episodes of classic shots or dialogues were secretly hidden. Halle Berry’s picture of hibiscus emerging from the water is for the first bond girl ursula andress.   
Main works: Election Pursuit Order, introducing dorothy dandridge, Swordfish.
 
Page 5: Angelina Jolie

Page 9: Jennifer Garner

Page 11: Milla Jovovich

Page 15: uma thurman

Page 18: Yang Ziqiong

Page 20: Jessica Alba

The next page is more exciting.

Dark net trading: the dark space outside the search engine

  [Global Technology]

  Author: Deng Bing Unit: Peking University New Media Research Institute.

  The dark net is usually considered to be closely related to illegal activities, providing criminals with a low-risk cooperation platform and an opportunity to challenge the "border". The covert network based on anonymous communication system has developed into a complex form. However, not only criminals rely on the anonymity of the covert network, law enforcement officers, military institutions and intelligence agencies also need to use the covert network, and they can conduct online monitoring and fishing law enforcement on the covert network, as well as protect anonymous intelligence channels and top secret plans.

  Dark network has been frequently used as an illegal trading platform for a long time, and the factors to maintain its stable operation and development are closely related to the trust construction mechanism of dark network market. It is of great reference significance to understand the complexity of the transaction process in the dark market and explore the trust mechanism that affects the dark market transactions, so as to understand and destroy the dark market transactions, maintain the cyberspace order and build a harmonious digital governance system.

  1. Dark network: the space explored from the surface network.

  In 2006, The Farmer’s Market, the first well-known "dark net", was born. According to the data of Drug Enforcement Administration (DEA), from 2006 to 2009, "Farmer’s Market" developed more than 3,000 users in all 50 states and 34 other countries and regions. By 2011, the total annual transaction volume exceeded $1 million. "Farmer’s Market" deals in almost all kinds of contraband, among which drugs and controlled drugs are the main ones, and it relies on commission to maintain the operation of the dark net. In its heyday, it was called "Amazon in the field of illegal trading". In April 2012, the US Drug Enforcement Administration cooperated with local police and intelligence departments in the Netherlands, Colombia, Scotland, etc. to crush the "farmers’ market" and arrest eight organizers of different nationalities, including Mark William. In September 2014, the founder William was sentenced to 10 years in prison for drug trafficking and money laundering, and the remaining 7 people were convicted except one who died in prison.

  In October 2013, the Silk Road, which sold illegal drugs, provided digital goods such as malicious software and pirated media, forged documents and provided illegal computer intrusion services, was closed down, and its founder Ulbrite was sentenced to life imprisonment. This incident made the "dark net" surface again and attracted attention.

  The covert network, also known as the covert network, is a hidden server, which is included in the "deep network". Contrary to the surface network, it exists in the World Wide Web in the covert network. The content that traditional search engines can’t capture requires special software, configuration or permission to log in. It is worth noting that the World Wide Web and the Internet are not synonyms. The World Wide Web is only a part of the Internet, and the websites we can search through traditional search engines are only a part of the World Wide Web-the surface network. The number of domain names in the dark network is 400 to 500 times that of the surface network, and visitors will not leave any traces on it. The deliberately hidden content contained in the dark network may be used for legal purposes, or it may be used to hide criminal acts or other malicious activities. The use of the dark network has attracted the attention of relevant departments and scholars.

  At present, the most popular and practical anonymous communication system Tor (onion routing abbreviation) is a common way for individuals to access the dark network. The communication of Tor depends on the network composed of volunteer computer nodes using the software, and all the network traffic of users will be encrypted and transmitted through a series of computer nodes of other users in the network, so that the traffic cannot be traced back to the original users. By establishing "hidden service", service providers and service requesters are anonymous to each other in the whole communication process. Tor-based dark network adopts this protocol to maintain the anonymity of dark network users.

  In the dark network, users can browse classified encyclopedia content by using hidden directory web pages, search contraband and other trading content by using hidden search engines, and communicate through private communication methods by using hidden forums, hidden chat rooms and hidden emails. As scholars have said: "A considerable amount of information is missed by search engines because it is hidden in the depths. This deep field of the Internet has unknown breadth, depth, content and users." The covert network provides an anonymous service and platform for activities such as illegal commodity sales and the organization, communication and cooperation of a series of malicious attackers such as criminals, terrorists and spies, enabling users to evade censorship, access banned content and protect sensitive communications. The dark network mainly trades in bitcoin or other digital currency, and mail is the main communication mode in the dark network market. For sellers, customer evaluation is an important evidence of the reputation of businesses.

  It should be pointed out that not only criminals rely on the anonymity of dark networks, but also law enforcement officers can deal with a man as he deals with them. In fact, law enforcement personnel, military agencies and intelligence agencies also need to use the dark net. They can conduct on-line monitoring of the dark network, fishing law enforcement, anonymous information channels and top secret plans. Anonymity in the dark network can be used to avoid being censored and attacked by hackers, to protect users from being monitored and eavesdropped, to attack and shut down illegal websites, and to interrupt server attacks and communications.

  Although individuals may anonymize activities, researchers have been exploring ways to use security vulnerabilities to infiltrate, de-anonymize and track malicious behaviors. In order to identify the source of malicious attacks online and detect the real destination of network traffic visiting dark websites, researchers are constantly developing "de-anonymization" technology that can identify hidden services and individuals to resist the invasion of criminal forces from dark networks. Anonymity in the covert network can also be used to protect the military command and control system on the battlefield from enemy identification and attack; At the same time, you can also shut down websites or interrupt network attacks to intercept enemy communications; It can also be used for anti-espionage activities and spreading false news. For example, the researchers of the Advanced Research Projects Agency (DARPA) Advanced Intelligence Research Project (IARPA) of the US Department of Defense have explored various methods of "finding people who don’t want to be discovered".

  2. Double-edged sword: anonymous technology and dark network resource mining.

  The development of dark network economy promotes the rise of anonymous servers, anonymous mailboxes, anonymous mail services and so on. Cryptographic currency has entered the field of vision of ordinary users, but it has brought convenience to people and also opened a new door for economic crimes such as money laundering. The dark net market provides a lower-risk platform for users to illegally trade. In the future, these online black markets will no longer be centrally managed websites such as the Silk Road, but will be a form that disperses the processes of goods, information, payment and feedback, making it more difficult to move.

  The quantity and quality of dark network resource information are better than those of surface network. The demand for these resource information makes researchers constantly explore ways to efficiently fill the query interface of dark network and obtain dark network resources. For example, scholars of Nankai University classify the information of dark network resources according to their fields, including finance, internet, literature, chemistry and so on, and each of them contains detailed subcategories. The dark network can be accessed through many anonymous nodes decentralized on the network, including Tor or I2P. When using these anonymous communication tools, the IP address of the user remains hidden all the time, and the IP address displayed by the connection with any target website can be anywhere in fact, so it is difficult to capture the source and location of the user. When using Tor, the website URL will change its format. Websites usually end with the suffix "ion" to identify "hidden services", instead of ending with. com,. org,. net, etc. When using Tor to search the Internet, an onion icon Tor browser is usually displayed. The biggest disadvantage of this service is its slowness.

  According to the Dark Net Report published by the Congressional Research Service in 2017, the average number of daily Tor users in the United States is 353,783, accounting for 19.2% of the average daily Tor users. The United States has the largest number of Tor users per day, followed by Russia (11.9%), Germany (9.9%) and United Arab Emirates (9.2%). As for the communication mode on the dark network, individual users usually choose to start with the social news website Reddit. The sub-section of the dark network in the website often provides a dark network entrance, and the website opens up a platform for users to discuss, but it is not encrypted or anonymous. Individuals who want to use a more secure form of communication can choose to use email hosted on Tor, online chat rooms or private communication. Many anonymous instant chat rooms are hosted on Tor, some do not require users to provide any information, and some require users to register through email.

  The anonymity and untraceability of the dark network make any user stay anonymous in real time when accessing the dark network, and will not reveal his identity to the server, including criminals who engage in illegal activities. For example, in 2016, official website, a dark trading platform, was attacked by hackers, resulting in a large amount of information in the database being leaked, and countless credit card information and thousands of user accounts being stolen. The attack of "black eating black" not only affected the portal website of cyber criminal gangs, but also affected the original holders of the data.

  However, anonymous service is not an absolute weapon for illegal activities to "smooth" the network. In October, 2011, the famous hacker organization Hacktivist launched an attack on the dark net, destroying a website called Freedom Hosting, which hosted more than 40 child pornography websites. Hacktivist obtained the user database of the website, which enabled the FBI to trace the real identity of individuals, and has successfully filed criminal charges against 185 of them.

  3. Dark-net payment: the tip of the iceberg of illegal activities

  In addition to the anonymity and untraceability of users, traders in the dark world also need to solve the anonymity problem of transaction settlement. Because all countries have strict monitoring methods for the banking system, the criminal behavior based on the dark net will inevitably lead to the tracking risk of the banking system through the traditional bank account. Some scholars believe that the rise of virtual currency such as Bitcoin just solves this problem.

  As a payment medium, Bitcoin has impressed the public with its anonymity and privacy since its appearance. Every bitcoin payment record in the digital general ledger is called blockchain, which records the transfer of bitcoin between users (essentially a transaction). Blockchain is a distributed bookkeeping technology. Every transaction will be recorded on it, and everyone who accesses the blockchain will have this account book, so Bitcoin itself has certain transparency, because everyone will get the transaction record. Although the Bitcoin wallet has a unique coded identifier, it does not point to the identity of the trader, so it is impossible to know who the trader behind it is.

  Bitcoin was born in 2009, but at the beginning of its birth, Bitcoin was just an encrypted number. It was not until the "Bitcoin Pizza Day" in 2010 that an American programmer bought a pizza worth $30 with 10,000 bitcoins, which made Bitcoin get the value of $0.003 for the first time. In 2011, the "Silk Road" was born, and cryptocurrency officially became the "official" currency in the dark net market. It solves the anonymous problem of traders’ transaction settlement in the dark market, and makes criminal acts get rid of the risk of being tracked by the traditional financial system.

  In short, Bitcoin is a decentralized digital currency that uses anonymous peer-to-peer transactions. The user’s address is associated and stored in the "e-wallet", which contains the personal "private key"-a series of secret numbers, allowing the person to spend bitcoin from the corresponding e-wallet, similar to a password. The transaction address and encrypted signature are used to verify the transaction. The wallet and private key are not recorded in the public classification of books, and the electronic wallet can be hosted on the network.

  Since bitcoin has no issuer, there is no crisis of being frozen like ordinary currency, so it has become a new way for criminals to blackmail. In May 2017, Wanna Cry ransomware became popular all over the world, and virus makers locked in "poisoned" users and demanded to pay a certain amount of bitcoin as the price of unlocking.

  Dark networks are usually considered to be closely related to illegal activities, providing criminals with a low-risk cooperation platform, such as using anonymous chat rooms and communication services to plan crimes and spread criminal skills. All kinds of contraband, stolen goods and stolen information can be sold for profit.

  When Facebook leaked user information two years ago, some hackers revealed that the sales amount of related user information in the dark network was very cheap, and the really sought-after information was bank accounts and passwords. Ghost Sec, a hacker organization that cracked down on terrorist organizations, once tracked a bitcoin wallet worth $3 million, confirming that virtual currency has become one of the channels for terrorist organizations to raise funds.

  However, there is a shortage of activity data about bank accounts and passwords. It is estimated that only about 1.5% of Tor users can access hidden service pages or hidden web pages, and it is unknown how much Tor traffic will flow to any of these websites. It is difficult for ordinary users to touch the boundaries of these websites, and some websites require users to obtain invitation codes to visit.

  At the same time, the dark network provides criminals with opportunities to challenge the "boundaries", including physical boundaries, physical-network boundaries, and network boundaries. As long as the network can reach, there is the possibility of crime. A large number of studies tend to describe the dark net as a "safe haven" for illegal activities, and call for the supervision of the dark net to reduce the possibility of breeding crimes. Based on the characteristics of easy access, strong concealment, special transaction mode and great harm to public safety, dark network can easily become a channel for spreading obscene information, a platform for trading illegal goods and a safe haven for terrorism. Some researchers believe that to improve the supervision mechanism of dark network, we should first strengthen the prevention and control of propaganda information about dark network, strengthen the supervision of logistics industry and raise users’ awareness of confidentiality. Some scholars also believe that it is difficult to solve the problem of dark network. The most important point is that the complexity of transnational crime and anonymous mechanism make the threat posed by dark network not limited by region, especially the advantages of blockchain technology provide great convenience for the criminal activities of dark network. Scholars who study the terrorist crimes in the dark net believe that even though criminals in the dark net are more concealed in ways and means than those in the surface net, in order to improve their anonymity and security, users need to update their tools frequently and be familiar with all kinds of auxiliary software, thus raising the technical threshold for using the dark net. Therefore, the criminal activities in the dark net are auxiliary in function and are not the "culprit" of rampant criminal activities.

  4. Dark Net Sellers: How to Build Trust

  Although trust is a very personal emotion, under the escort of anonymous technology, sellers of dark networks must also expand their user groups and market their products, technologies and services by building trust with buyers. Reputation is as important to dark net sellers as to surface net and real buyers. For a dark network that cannot conduct face-to-face transactions and is not bound by any trading laws and regulations, buyers should not be able to establish trust with sellers under normal circumstances. However, the actual situation is just the opposite. It is rare to fail to deliver goods or sell defective products on the dark network. Based on the research conducted by Nicolas Christin, a scholar at Carnegie Mellon University, on 184,804 feedbacks on the Silk Road in eight months, the favorable rate of products on the dark network is as high as 97.8%.

  Like Airbnb landlords or sellers of surface online shopping platforms, the "suppliers" in the dark network also attach great importance to their "brand" reputation and customer satisfaction. Generally speaking, the supplier interface of the secret network will contain the following information: the total amount of transactions completed, the registration time of suppliers, the last login time of suppliers, other important aliases of suppliers, competitive advantage, refund strategy, postage and delivery method. Make sure that even if the buyer doesn’t buy the goods they offer in the end, he will be deeply impressed by the credibility of the seller.

  In fact, the marketing strategy used in the dark network is an imitation of the marketing strategy of ordinary e-commerce They will not only present product pictures on the page, and mark the price, place of shipment, place of delivery, inventory, creation and update time, seller’s evaluation, etc., but also have discount activities (such as buying two for one), special member prices and additional benefits to provide a refund guarantee for dissatisfied buyers. Dark net sellers will even promote sales through marketing techniques such as "limited inventory" and "limited supply". Some suppliers who are eager to occupy the market or newly established will establish their brand image by providing services such as "free samples", "the lowest in the whole network" and "evaluating transactions", and will also promote promotional activities by setting up "festivals" in the dark network. For example, the dark net will also celebrate "Black Friday" and carry out discount activities. The future of the dark network market does not depend on anonymous networks, bitcoin, or other encryption methods. What can really retain customers is excellent user service and experience.

  Competitiveness, credibility and sincerity are the three basic elements for dark net sellers to build trust. In order to highlight the reliability, the buyer encourages the seller to comment on the speed of reply, whether the communication is smooth, and whether the way of transporting the goods is safe enough. Feedback from buyers, whether positive or negative, cannot be deleted. "Good credit mechanism" attracts sellers from offline market to dark net. Generally speaking, we don’t equate the dark net with the ordinary online community, but there is a strong sense of community in the dark net market. For example, users will chat in the community on Reddit (social media platform) and publicly condemn the sellers who are dissatisfied with the dark net. As james martin, an American management and information expert, explained in his research on drugs in the dark net, the dark net has its own order, and the users in the dark net also look at other people’s behaviors with the standard of honesty, without relying on experience or individual evaluation, but relying on the group judgment of the whole dark net community to make a choice.

  Some related industries came into being, for example, some websites will use professional testers to provide random testing services for drugs sold in the dark net. For example, a dark network website will immediately update the dark network market ranking and product testing progress with the highest favorable rate. Users can send the purchased samples to a drug testing laboratory independently established by the community for testing, and then they will feed back the test results to users. No matter "cutting corners" or "shoddy", the results will be published on this website, revealing the information of suppliers who sell such products, and untrusted suppliers will be expelled from the dark market.

  As mentioned above, every bitcoin payment record in the digital general ledger is called blockchain, which records the transfer of bitcoin between users. This distributed bookkeeping technology enables the dark network to form an independent virtual society, with its own independent and closed credit system, which is not controlled by the offline credit system, and is also difficult to be tracked by means of supervising criminal activities.

  A few days ago, officials of the US Securities and Exchange Commission issued a statement saying that Bitcoin and Ethereum are not securities. Previously, they also warned users about the risks of Bitcoin trading. The Chinese government completely bans virtual currency ICO (initial currency issue, blockchain term) such as Bitcoin, which makes the trading prospect of cryptocurrency in the mainstream market confusing. Despite the constraints of circulation, investors still hold expectations for the future development of Bitcoin, and it is obviously inappropriate to weaken the dark network transaction and its concealment by restricting the withdrawal of cryptocurrency.

  Guangming Daily (14th edition, August 13th, 2020)

Source: Guangming Net-Guangming Daily

Lai Shen’s psychic infighting has welcomed the change of power for many years. Who should investors support?

The struggle for control among the founders of the A-share "Shanghai Jewelry First Share" Laishen Tongling (603900.SH) ushered in a turning point. On December 23rd, Ma Jun, the new controlling shareholder of the company, announced that he would convene the first extraordinary shareholders’ meeting in 2022 after the relevant resolutions of the board of directors and the board of supervisors were rejected, so as to nominate new directors and re-elect the board of directors of Lai Shen Tongling.
According to the investigation of the First Financial Reporter, there was an unexpected episode in the process of Ma Jun’s proposal to convene an extraordinary shareholders’ meeting. The four directors he requested to be removed chose to resign from the listed company one after another. In the past, these four directors kept the same opinion as Shen Dongjun in voting on many resolutions involving the board of directors, thus forming a "check and balance" on Ma Jun.
The departure of the above four directors may have cleared the "obstacle" for Ma Jun to take power. Once Ma Jun’s proposal is voted by the shareholders’ meeting, the new actual controller of the company will truly realize the purpose of actually controlling the company’s board of directors, so as to relieve the embarrassment of "nominal" power in the past. Then, can Ma Jun, who will regain power in the future, lead Lai Shen to get out of the predicament of past performance and low market value? The outside world remains to be seen.
(Lai Shen psychic listing ceremony)
"pinch point" to block or twist the situation
After being ceded half of the company’s equity by the judiciary and causing Ma Jun to become the actual controller of the listed company, Shen Dongjun, the chairman of Lai Shen Tongling, "stopped" the company at the corporate governance level to further control the listed company.
Prior to this, Ma Jun, the controlling shareholder and director of Lai Shen Tongling, requested to convene an extraordinary general meeting of shareholders, but it was rejected by both the board of directors and the board of supervisors of the company. On December 21st, Ma Jun told the First Financial Reporter that he had convened and presided over the company’s first extraordinary shareholders’ meeting in 2022 according to the Articles of Association, and informed the board of directors in writing.
Previously, Ma Jun issued four bills, with the intention of removing the original directors on the one hand, and adding new directors on the other, so as to "re-elect" the members of the board of directors of the company under Shen Dongjun and achieve the purpose of controlling the board of directors. However, these bills were all rejected by the board of directors and the board of supervisors of Lai Shen Tongling, and they held a meeting to "pinch the point" within the "latest" time required by the rules.
On December 6th, 2021, Lai Shen Tong Ling received a letter from Ma Jun on convening an extraordinary general meeting of shareholders of Lai Shen Tong Ling. As a shareholder holding more than 10% of the company’s shares (currently holding 85,575,000 shares, accounting for 25.13% of the total share capital), Ma Jun requested the board of directors of the company to convene an extraordinary general meeting in time according to the provisions of Article 49 of the Articles of Association.
According to Article 49 of the Articles of Association, shareholders who individually or collectively hold more than 10% of the shares of the company have the right to request the board of directors to convene an extraordinary general meeting of shareholders, and shall submit it to the board of directors in writing; The board of directors shall, in accordance with the provisions of laws, administrative regulations and articles of association, give written feedback on whether to agree or disagree to convene an extraordinary general meeting of shareholders within 10 days after receiving the request.
On December 16th, within "10 days" stipulated in the Articles of Association, Lai Shen Tongling convened a board meeting, vetoed the proposal put forward by Ma Jun, and did not agree to convene an extraordinary general meeting of shareholders. "Lai Shen’s psychic board of directors just’ squeezed’ the board meeting on the tenth day, and they used the’ delay’ time to the extreme." Ma Jun told the First Financial Reporter that on the same day, he also proposed to the company’s board of supervisors to convene an extraordinary general meeting of shareholders, so they must have "squeezed" the board of supervisors to discuss on the fifth day stipulated in the articles of association.
The above Articles of Association also stipulates that the board of directors does not agree to convene an extraordinary general meeting of shareholders, and shareholders who individually or collectively hold more than 10% of the company’s shares have the right to propose to the board of supervisors to convene an extraordinary general meeting of shareholders; If the Board of Supervisors agrees to convene an extraordinary shareholders’ meeting, it shall issue a notice of convening the shareholders’ meeting within 5 days after receiving the request.
Sure enough, on December 21, Lai Shen Tongling convened a board of supervisors, and Ma Jun’s proposal was not passed, and all three supervisors voted against it. "The company’s board of supervisors made a resolution and still did not agree to convene an extraordinary general meeting of shareholders." Lai Shen psychic said.
"They are making a final struggle. In fact, these are all in our expectation. My ultimate goal is to convene and convene an extraordinary shareholders meeting by myself." Ma Jun told reporters.
On the evening of December 23rd, according to Lai Shen’s psychic announcement, the extraordinary shareholders’ meeting convened by Ma Jun will be held on January 10th, 2022. Ma Jun’s intention is still to re-elect the board of directors and nominate new directors.
According to Ma Jun’s proposal, he plans to nominate Huang Guoxiong, Qian Zhi and Chen Yiping as candidates for independent directors of the fourth board of directors of Laishen Tongling, and said that he has fully understood the professional expertise, educational background, work experience and part-time positions of the nominees, and at the same time plans to by-elect Zhuang Ou as a director of the company.
The first financial reporter found that among the above three independent directors, Huang Guoxiong, 52, is currently the general manager of Yize Capital Management Co., Ltd.; Qian Zhi, 53, has a legal background. Since March 2006, he has served as the director and lawyer of Jiangsu Guanwen Law Firm. Since September 2017, he has served as an arbitrator of Nanjing Arbitration Commission, and has served as legal adviser of Nanjing Municipal People’s Government since December 2017. Another independent director candidate is 55-year-old Chen Yiping, who has a financial background. He used to be the secretary-general of Nanjing Institute of Certified Public Accountants, and now he is the director of Nanjing Zhongya Certified Public Accountants and the supervisor of Nanjing Institute of Certified Public Accountants.
According to a survey by the First Financial Reporter, Zhuang Ou, 55, was an "old colleague" of Ma Jun during his stay in the company. His public resume shows that Zhuang Ou has been the head of Lai Shen Tongling Commodity Innovation Center since 2006, and served as the chairman of the company’s supervisory board on January 12, 2015, until he left in August 2018.
After leaving Lai Shen Tongling, Zhuang Ou did not completely "break away" from this company. According to Tianyancha’s industrial and commercial data, Zhuang Ou is also an individual shareholder (holding 6.59907%) of Laishen Tongling shareholder Nanjing Chuanshi Meijing Investment Management Co., Ltd. (hereinafter referred to as "Chuanshi Meijing").
Whether Ma Jun’s above-mentioned proposal can finally be successfully passed at the shareholders’ meeting will "speak" the votes held by investors. By the end of the third quarterly report in 2021, the number of shareholders of Laishen Tongling was 16,490.
The First Financial Reporter inquired and confirmed that at present, Ma Jun is the largest shareholder of Lai Shen Tongling (holding 25.13%). His concerted action, Ma Qiao (the sister of Ma Jun), holds 15.58% of the company’s shares, Yan Yize (the wife of Ma Jun) holds 5.55% of the company’s shares, and Mei Jing, who has been handed down from generation to generation, holds 2.18%. Together, they control Lai Shen Tongling.
In other words, more than half of the shares are held by Shen Dongjun and other shareholders. At present, Shen Dongjun personally ranks as the second largest shareholder of Laishen Tongling, holding 15.58%; Eurostar Diamonds International S.A. and EURO DIAMOND (HK) LIMITED, holding 7.26% and 3.63% respectively. According to the third quarterly report in 2021, the top ten shareholders hold a total of 76.49%.
The extraordinary shareholders’ meeting proposed by Ma Jun will be held in date of record on January 5, 2022. As of December 23, Laishen Tongling’s share price was 7.36 yuan, with a total market value of 2.506 billion yuan.
"I really can’t understand that Shen Dongjun is still unwilling to quit the company’s board of directors. In recent years, under his rule, the company’s performance and stock price have been sluggish. In fact, he is also a shareholder of a listed company. If he is unable to run the company well, he will quickly abdicate and make way for it. If this internal friction continues, the longer it takes, the more unfavorable it is to the listed company. Once the stock price fluctuates and falls, investors from all sides will suffer." An interviewed Lai Shen psychic shareholder told the First Financial Reporter.
It is foreseeable that if the re-election of the board of directors of Lai Shen Tongling cannot be settled, the company’s infighting that has lasted for one year will continue.
Independent director resigned "strangely"
Just after Ma Jun proposed to remove four directors (including one director and three independent directors) during Shen Dongjun’s rule, they chose to leave one after another. In the past, when the battle for control of the company between Shen Dongjun and Ma’s family began, these four directors chose to "stand in line" with Shen Dongjun in the voting of several resolutions of the board of directors of the company to express their unanimous opinion. This has aroused the concern of the outside world. What is the reason for their resignation?
On December 6th, Ma Jun requested the board of directors of Lai Shen Tongling to convene a shareholders’ meeting, and submitted four proposals for consideration at the extraordinary shareholders’ meeting, including the removal of non-independent director Chen Chuanming (Proposal 1) and the removal of three independent directors Zhou Xiaohu, Hu Xiaoming and Dechun Huang (Proposal 3).
The reasons for Ma Jun’s recall show that the above four people had been involved in the division of property in the divorce case between Ma’s family and Shen Dongjun as Lai Shen’s psychic directors.
Ma Jun said that on January 18, 2021, Chen Chuanming, Zhou Xiaohu, Hu Xiaoming and Dechun Huang sent a letter to the Qinhuai District People’s Court in the name of Lai Shen Tong Ling’s directors, suggesting that the court should not divide the shares of Lai Shen Tong Ling involved in Shen Dongjun’s divorce and adopt a discount compensation method to pay Ma Qiao the corresponding price, which is suspected of abusing the powers of directors; On October 26th, 2021, four people voted in favor of the Proposal on Participating in the Second Instance Procedure of the Divorce Case between Shen Dongjun and Ma Qiao as a Third Party without Independent Claim submitted by Shen Dongjun to the Sixth Meeting of the Fourth Board of Directors for deliberation, which was not within the scope of the Board of Directors’ authority and violated its due loyalty and diligence obligations to the company. Ma Jun even pointed out that these three independent directors "lost their independence".
Upon inquiry by the First Financial Reporter, it was learned that the above directors Chen Chuanming, Zhou Xiaohu, Hu Xiaoming and Dechun Huang were appointed to the board of directors of Xinlaishen Psychic in May 2019, July 2019, January 2021 and January 2021 respectively.
Just as Ma Jun proposed to remove the above four directors, they successively chose to resign. The first person who submitted his resignation was Hu Xiaoming, an independent director. On the afternoon of December 9, he submitted a written resignation report to the board of directors of Lai Shen Tongling, "resigning as an independent director of the company and a member of the special committee of the board of directors for personal reasons." Then, on December 16th, the board of directors of Lai Shen Tongling received a written resignation report from director Chen Chuanming, and Chen Chuanming resigned as a director of the company for personal reasons. Five days later, on December 21st, independent directors Zhou Xiaohu and Huang Dechun also submitted written resignation reports, and they resigned as independent directors and members of special committees of the board of directors for personal reasons.
As a result of the resignations of Zhou Xiaohu, Hu Xiaoming and Dechun Huang mentioned above, the proportion of independent directors in the board of directors of Lai Shen Tongling is less than one third. Before the by-election of new independent directors at the shareholders’ meeting, the three of them will continue to perform their duties.
On December 16th, Lai Shen Tongling held a board meeting. In the end, Ma Jun’s proposal to remove the above four directors was not passed at the board meeting with the result of "2 votes in favor, 5 votes against and 0 votes abstained". Even though they have resigned, these three independent directors, Zhou Xiaohu, Hu Xiaoming and Dechun Huang, still agree with Shen Dongjun’s opinion and all voted against Ma Jun’s motion.
Based on their "reasons for opposition", according to the "Guiding Opinions on Establishing the Independent Director System in Listed Companies" issued by the CSRC, the replacement of independent directors should be legal and standardized. If an independent director fails to attend the board meeting in person for three consecutive times, the board of directors will ask the shareholders’ meeting to replace him.
Their "reasons for opposition" said that independent directors should not be dismissed without reason before the expiration of their term of office, except for the above situation and the situation that they are not allowed to serve as directors as stipulated in the Company Law. "The existing independent directors have a term of office of three years, and they are currently in the term of office, which meets the qualifications suitable for their functions and powers, and there is no situation that they are not allowed to serve as independent directors. The independent director’s proposal to the Qinhuai District People’s Court in Nanjing does not belong to any situation that can be dismissed before the expiration of the above term. "
Zhou Xiaohu, an independent director, said that Shen Dongjun’s divorce case may involve a change in the company’s equity, which may have a major impact on the company. "From the perspective of maintaining the company’s operational stability, we should consider the business factors in the judgment process, precisely because of the interests of shareholders, especially the interests of minority shareholders."
Zhou Xiaohu claimed that, in fact, it has also shown that the divorce lawsuit between Shen Dongjun and Ma Qiao has brought great influence to the company’s development. "Including this proposal itself confirms the fluctuations we foresee; As for the shareholders who claimed that Shen Dongjun did not have the ability to be the president of the company, it seriously affected the company’s development, including the increase of inventory, etc. "Since we joined the company, the shareholders who proposed this proposal have never put forward substantive opinions on the company’s business development, and have never shown the willingness to operate and better ability. Therefore, this view is not only far from social common sense judgment, but also gives people the feeling that it is more based on family factors and is opposed for opposition, without considering the interests of many minority shareholders of the company. " Zhou Xiaohu said.
In this regard, a person who participated in Lai Shen’s psychic board meeting told the First Financial Reporter that the board of directors only discussed Ma Jun’s proposal to convene an extraordinary shareholders’ meeting, and neither dismissed Shen Dongjun nor denied Shen Dongjun. However, independent director Zhou Xiaohu put forward a proposal unrelated to convening an extraordinary shareholders’ meeting, which was out of the scope of discussion at all. "
"Before we left (Lai Shen) Psychic in 2018, we actually put forward a lot of opinions on the company’s brand strategy and business strategy, as small as every operation and management detail of the company, but Shen Dongjun, then the chairman, general manager and secretary-general,’ shouldered the burden’, he rejected all our opinions, of course, this is also within his scope of authority." Earlier, Ma Jun told the First Financial Reporter that after leaving the psychic, Shen Dongjun controlled six of the eight seats on the board of directors, and he and his wife, Yi Yize, only had two seats.
"Therefore, we will not pass any opinions and objections on business, so after the announcement, the internal contradictions of the company will be exposed, which is actually not good for the image of listed companies." Ma Jun said.
"If independent director Zhou Xiaohu regards Shen Dongjun’s performance report card for four consecutive years as a strong performance, I seriously question his ability and lack independence and impartiality." Ma Jun said.
In addition to the above-mentioned board of directors, the First Financial Reporter found that Chen Chuanming, Zhou Xiaohu, Hu Xiaoming and Dechun Huang all agreed with Shen Dongjun in previous board resolutions. Including the recent proposal that Shen Dongjun intends to hire Jie Jiang as the company’s president, Ma Jun and Yan Yize clearly expressed their opposition and "even suspected that Shen Dongjun and Jie Jiang’s real purpose was to use transactions and other behaviors to transfer interests and harm the interests of listed companies and small and medium-sized shareholders". In this case, they did not raise any objection and still voted in favor, which was consistent with Shen Dongjun’s opinion.
"As an independent director of the company, we unanimously agreed to this appointment." On December 9th, Zhou Xiaohu, Hu Xiaoming and Dechun Huang issued independent opinions.
For the reasons for the departure of the above four directors, CBN reporter failed to contact them for comment. However, after announcing their resignation, they will completely withdraw from the power struggle within Lai Shen’s psychic. "This is also a good thing for them." An investor who has long been concerned about Lai Shen’s psychic told reporters.
"If the proposal put forward by shareholders violates the interests of minority shareholders, independent directors can’t express their independent opinions fairly. In the future, once they are held accountable by supervision, independent directors will also bear corresponding responsibilities." A former independent director of a listed company told the First Financial Reporter.
Recently, influenced by the trial results of Kangmei Pharmaceutical’s civil compensation case, the A-share market staged a "resignation wave" of independent directors, which played a shocking role for this group. "Many independent directors will pay more attention to their responsibilities and risk of performing their duties when voting on the proposal of listed companies." A listed company research expert said.
Reporting/feedback

[CCTV Review] Refuse to prescribe medicine without examination? Why did the hospital make this decision?

The hospital stipulates that the examination fee and medicine fee prescribed by doctors for patients should reach 1:1, and bonuses will be deducted if they fail to meet the standards; Therefore, doctors can only "implore" patients not to prescribe drugs without examination.

In recent days, a piece of "An Min Notice" on the desktop of the oncology specialist clinic of Guangzhou Hospital of Traditional Chinese Medicine has attracted attention. Some doctors revealed that because income is linked to "billing", doctors, nurses and even department directors have resigned. (April 10, Yangcheng Evening News)

 

△ Image from the Internet

What is the reason why Guangzhou Hospital of Traditional Chinese Medicine did this?

The income of doctors is directly linked to the income of departments.

The income of the hospital is mainly composed of drug income, examination income, medical income and other income.Especially in some traditional Chinese medicine hospitals, their turnover of examination, operation and prescription is generally far behind that of general hospitals. In order to support doctors and nurses, hospitals must try their best to encourage doctors to pay more examination fees with lower cost, and also combine examination fees with performance distribution.

Reducing "Drug Proportion" to Meet Higher Inspection

There is a very important index — — Proportion of medical expenses.According to the current requirements, the drug fee income of tertiary hospitals generally does not exceed 50% of the total hospital income.In this reality, some hospitals require to ensure that the ratio of drug fees to inspection fees is always 1: 1.

The purpose of controlling the "proportion of drugs" at the national level is to control the drug income of hospitals, so as to effectively solve the problem of supporting doctors with drugs, but why did it change its taste when it came to Guangzhou Traditional Chinese Medicine Hospital? What happened when I left?

 

Cctv review] get rid of taking medicine to support medicine, and don’t let the crooked monk bend the scriptures.

It is the highlight of promoting the reform of the medical system to get rid of using medicine to support doctors.In recent years, there have been many water tests all over the country, and many places have also summed up good experiences. However, this time, the situation in Guangzhou Chinese Medicine Hospital has greatly reduced people’s confidence.Will "medical care with medicine" be replaced by "medical care with examination"?

"It is difficult and expensive to see a doctor" has been criticized, and "separation of medicine" has always been considered as a magic weapon to alleviate "expensive medical treatment".When the income of doctors and hospitals is no longer linked to drugs, the impulse of doctors to promote drugs will naturally fade, which will eventually benefit patients.For example, Beijing Chaoyang Hospital introduced medical service fees in 2012, and at the same time cancelled drug addition. 1148 kinds of drugs sold in hospitals are all sold at the purchase price. The reform has made many people see the hope of "separation of medicine".

However, this time, the regulations of Guangzhou Chinese Medicine Hospital are like taking a pot of cold water. In the process of "separation of medicine and medicine", the cost of medicine may have dropped, and the cost of examination has gone up, and the patient has not benefited. Why is this happening?As we all know, the diagnosis and treatment systems of traditional Chinese medicine and western medicine are completely different.Western medicine relies more on technical equipment for diagnosis and treatment, and obtains the basic data of the disease through CT, chest X-ray, electrocardiogram and other inspection items. Traditional Chinese medicine relies more on experience to feel the patient’s condition and prescribe the right medicine. Therefore, in the income composition, Chinese medicine relies more on Chinese medicine, while western medicine accounts for part of the inspection fee and medicine fee. As you can imagine,When the hospital is asked to reduce the drug fee, in order to increase the income, it must raise the inspection fee like a seesaw, and the wonderful regulations come from this.

Necessary examination subjects are indispensable, but unnecessary examination subjects will increase the burden on patients.As you can imagine, when you have to do ECG and X-ray for minor illnesses such as catching a cold, "reducing the burden on patients" becomes an empty talk.

At the national level, the top-level regulation of "drug proportion" is made to control the drug income of hospitals, thus effectively breaking the practice of supporting doctors with drugs. However, at the implementation level, it has become a "medical examination", which shows that "separation of medicine" can not be achieved in one battle. In the process of promoting reform, medical institutions should also take the initiative to enhance the underlying design. Otherwise, the original intention of good reform will inevitably change at the grassroots level, and "expensive medical treatment" will become "more expensive medical treatment".

Reducing the proportion of drugs is to reduce the burden on patients.On the one hand, efforts should be made to reduce the impulse of doctors to sell drugs through changes in institutional mechanisms.Of course, this does not depend on promoting the impulse of doctors to sell "examination subjects", nor can we expect doctors to lose their income.Therefore, we should do everything possible to mobilize the enthusiasm of doctors to provide better medical services for patients.The medical service fee for testing water in Chaoyang Hospital emphasizes the value of doctors’ professional services, which can be used for reference.On the other hand, the reform of "taking medicine to support doctors" should also appropriately increase investment in hospitals.Otherwise, blindly emphasizing self-revolution and letting doctors reduce their income will lead to an embarrassing scene in Guangzhou Traditional Chinese Medicine Hospital: doctors work hard to see a doctor with their conscience and earn 18 yuan wages in one month; Or don’t prescribe drugs to patients unless they undergo a series of unnecessary medical examinations.

Get rid of medicine to support doctors, yes! Reducing the cost of medicine is also true!The mistake of Guangzhou Hospital of Traditional Chinese Medicine lies in the fixed thinking: the loss inside the embankment must be compensated outside the embankment.This also tells us that it will not be smooth sailing to break the road of supporting doctors with medicine.In order to make the medical system reform finally succeed, "patients’ interests" and "doctors’ enthusiasm" must achieve a win-win situation, and neither can be less!

Behind the establishment of the first emergency management university in China: Relying on two universities, official website has changed its name and will promote the training of high-quality profess

  On May 29th, the Emergency Management Department issued a public notice in official website, intending to apply to the Ministry of Education for establishing an emergency management university.

  According to the public, the emergency management university to be declared will be built in Langfang City, Hebei Province, and will be established by the merger of North China Institute of Science and Technology and Disaster Prevention Institute. It is a full-time public undergraduate school.

  On May 31st, Wang Hongwei, a researcher at the National Development and Strategy Research Institute of Renmin University of China, who participated in the research on special topics related to personnel training in the Emergency Management Department, said in an interview with Red Star News that the emergency management university to be declared is the only one in China with the name of emergency management, and I hope it can promote the innovation of emergency management concepts, systems and capabilities, and cultivate high-quality professionals for promoting the modernization of China’s emergency management system and capabilities.

Wechat screenshot _20230531142216.png

  Screenshot of official website, Emergency Management Department

  The establishment of the Emergency Management University has already started, and official website has changed its name.

  The Red Star News reporter learned that the relevant schools have actually taken actions to build an emergency management university.

  According to public reports, in February 2020, North China Institute of Science and Technology held a related meeting, calling on cadres, teachers and students to be the founders of emergency management university. In May of the same year, at the faculty meeting, North China Institute of Science and Technology made it clear that the main task in 2020 was to build an emergency management university.

  In November 2020, the Emergency Management Department and the People’s Government of Hebei Province signed an agreement to jointly build North China Institute of Science and Technology. Both sides expressed their support for North China Institute of Science and Technology to upgrade its school-running level, increase the introduction and training of high-end talents, strengthen the construction of emergency management disciplines and personnel training, and build a high-level emergency management university as soon as possible.

  In February, 2021, the Institute of Disaster Prevention Science and Technology, which is separated from North China Institute of Science and Technology by a wall, also released the news that "the school held a middle-level cadre meeting", which mentioned that "the preparation of emergency management university will be the core task in 2021".

  In July, 2021, Bu Changsen, the leader of the emergency management university preparation working group, introduced the progress of the emergency management university (preparation). He pointed out that the emergency management department has submitted the application materials for the establishment of the emergency management university to the Ministry of Education, and the subsequent preparatory work is also being actively, continuously and orderly promoted.

  On August 31st, 2021, the Emergency Management University (to be established) held an initial meeting of middle-level cadres. Bu Changsen, secretary of the temporary Party Committee of the Emergency Management University (to be established), put forward new requirements such as "six tightness and tightness" for the preparatory work of the university; Zhang Ruixin and Ren Yunsheng, deputy secretaries of the temporary Party Committee, summarized the summer work and made arrangements for the new semester work. Shi Feng, deputy secretary of the temporary Party Committee, asked all cadres, teachers and students to unify their thinking, strengthen their confidence and work together to realize the dream of emergency management university at an early date.

  According to official sources, Bu Changsen, secretary of the Party Committee of North China Institute of Science and Technology, has served as the interim Party Secretary of Emergency Management University (to be established), Zhang Ruixin, president (director) and deputy secretary of the Party Committee of North China Institute of Science and Technology, Shi Feng, deputy secretary of the Party Committee of Institute of Disaster Prevention Technology (presiding over the work of the Party Committee) and Ren Yunsheng, vice president of Institute of Disaster Prevention Technology (presiding over the daily administrative work of the school), also serve as the interim Party Secretary.

  On May 22, 2023, the Party Committee and the ministerial meeting of the Emergency Management Department pointed out: Take the preparation of the Emergency Management University as an opportunity to strengthen cooperation in emergency Industry-University-Research and guide and support the development of strategic emerging industries such as safety emergency equipment.

  Red Star News reporter noticed that the name of official website of North China Institute of Science and Technology has been changed to "Emergency Management University (to be established)".

  Official website of North China Institute of Science and Technology, whose name has been changed to "Emergency Management University (to be established)".

  Scholars: I hope to build a highland for cultivating high-level talents in emergency management.

  Official website introduced that North China Institute of Science and Technology is a university directly under the Emergency Management Department, and its predecessor was the cadre school of the Central Ministry of Fuel Industry founded in 1950; In 1955, it was placed under the Ministry of Coal and renamed the Cadre School of the Ministry of Coal Industry; In 1982, it was upgraded to Beijing Coal Management Cadre College; In 1985, China Coal Mine Safety Technology Training Center was established, and the management system of "one institution, two brands" was implemented with the school; In 1993, it was transformed into an ordinary college and renamed North China Mining College. In 2002, it was upgraded to an ordinary undergraduate college and renamed North China Institute of Science and Technology; In 2011, he obtained the professional degree of Master of Engineering (safety engineering field) and postgraduate training qualification. The school is located in Yanjiao National High-tech Development Zone, Hebei Province, adjacent to Beijing City Sub-center. The school covers an area of 800 mu with a building area of 450,000 square meters. The school has 14 secondary colleges and 2 departments. There are 56 undergraduate majors, involving eight disciplines such as engineering, science, literature, law, economy, management, education and art.

  The Institute of Science and Technology for Disaster Prevention, affiliated to the Seismological Bureau of China, is the only comprehensive full-time general institution of higher learning in China that focuses on higher education in disaster prevention, mitigation and relief with complete disciplines. Founded in 1975, the school enrolls students nationwide, with more than 9,200 full-time students.

  In February, 2021, the Party Committee of the Emergency Management Department decided to merge North China Institute of Science and Technology and Institute of Disaster Prevention Technology to build an emergency management university. Wang Hongwei, a researcher at the National Development and Strategy Institute of Renmin University of China, said that North China Institute of Science and Technology and Institute of Disaster Prevention are actually neighbors, and there is a wall between the two schools. Opening the wall is a campus. At the same time, many majors set up by the two schools are also related to emergency management, and there is a natural basis for merger.

  In Wang Hongwei’s view, a lot of work has been done in the merger and preparation of the above two universities. With the application of the Ministry of Emergency Management to the Ministry of Education for the establishment of an emergency management university, the emergency management university will be born soon.

  Regarding the training status of emergency management talents, Wang Hongwei introduced that at present, there are more than 70 colleges and universities in China offering emergency technology and management majors, which are awarded engineering or management degrees. Two disciplines for emergency management has been set up in 20 985 universities to train master’s and doctoral students. In addition, some vocational colleges and private training institutions will also carry out emergency management-related training. "This kind of training has a wide range, including management and skills."

  Wang Hongwei suggested that the University of Emergency Management should dare to break away from convention, open its doors and introduce more leading emergency management talents at home and abroad to become a highland for cultivating high-level emergency management talents. At the same time, it is necessary to closely follow the business of emergency management departments and provide theoretical and intellectual support for the modernization of emergency management.

  Zhang Yanliang, chief reporter of Red Star News, reports from Beijing.

Transform China’s institutional advantages into the effectiveness of national governance.

The Fifth Plenary Session of the 19th CPC Central Committee adopted the Central Committee of the Communist Party of China’s Proposal on Formulating the 14th Five-year Plan for National Economic and Social Development and the Long-term Goals for the Year 2035 (hereinafter referred to as the Proposal), which regards "the efficiency of national governance has been newly improved" as one of the main goals of China’s economic and social development in the next five years, and makes important arrangements for promoting the modernization of the national governance system and governance capacity during the 14th Five-Year Plan period. We should accurately grasp the significance, requirements, paths, etc. of achieving this important goal, continue to modernize the national governance system and governance capacity, better transform China’s institutional advantages into national governance efficiency, and make great strides toward the grand goal of building a socialist modern country in an all-round way.
It is of great significance to improve the efficiency of national governance.
The national governance system and governance capacity are the concentrated expression of a country’s system and its implementation capacity. In the governance activities, the governance subject carries out the system, obtains the corresponding governance effect, achieves the established governance goal, and shows the governance efficiency. Judging from the historical evolution of national governance, the efficiency of a country’s governance directly reflects the modernization level of the country’s governance system and governance capacity, and is also an important criterion for judging the advantages and disadvantages of a country’s system. It can be said that improving the efficiency of state governance is not only an important content to promote the modernization of state governance, but also an important goal to be achieved, which is of great significance to upholding and improving the Socialism with Chinese characteristics system.
Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has placed system construction in a more prominent position, made historic achievements in strengthening and improving national governance, improved Socialism with Chinese characteristics’s system, and significantly improved the modernization level of national governance system and governance capacity. General Secretary of the Supreme Leader pointed out: "It is necessary to strengthen the implementation of the system, strengthen the supervision of the implementation of the system, and effectively transform China’s institutional advantages into governance efficiency." China’s national system and national governance system have obvious advantages in many aspects. Only by better transforming the institutional advantages into the effectiveness of state governance can we better demonstrate the power of the system, give play to the fundamental guarantee role of the system, unite the whole party and the people of all ethnic groups more closely, and release the powerful energy to overcome difficulties and promote the development of the cause.
According to the strategic arrangement made by the 19th National Congress of the Communist Party of China to realize the goal of the second century, an important content is to basically realize the modernization of the national governance system and governance capacity by 2035. At present, we still have some shortcomings and weaknesses in national governance, such as the need to improve the implementation of the system and the need to improve the supervision of system implementation. The new improvement of the efficiency of state governance is precisely the top-level design made in promoting the modernization of state governance system and governance capacity with an eye to achieving the goal of the second century, adhering to the combination of goal orientation and problem orientation, and pointing out the focus and direction of promoting the modernization of state governance system and governance capacity during the 14 th Five-Year Plan period, which is an inevitable requirement for building a socialist modern country in an all-round way.
Accurately grasp the requirements of improving the efficiency of national governance
Standing at the strategic and overall height, the "Proposal" puts forward clear objectives and requirements from the aspects of improving socialist democracy and the rule of law, improving the state administrative system, obviously improving the level of social governance, especially grassroots governance, and continuously improving the system and mechanism for preventing and resolving major risks, and clarifies the direction and focus of improving the efficiency of state governance.
Socialist democracy and the rule of law are more sound. Socialism with Chinese characteristics’s political system has unique advantages, which provides a strong political guarantee and institutional guarantee for the prosperity and long-term stability of the party and the country. The "Proposal" emphasizes: "Adhere to the organic unity of the party’s leadership, the people being the masters of the country and governing the country according to law, and promote the self-improvement and development of Socialism with Chinese characteristics’s political system." We must uphold and improve the party’s leadership and implement it in all fields and aspects of state governance. We must uphold and improve the country’s fundamental political system and basic political system, give play to the role of people’s organizations, consolidate and develop the broadest patriotic United front, and gather wisdom and strength for building a socialist modern country in an all-round way. Governing the country according to law in an all-round way is an inevitable requirement for promoting social fairness and justice and maintaining social harmony and stability. Guided by the supreme leader’s thought of the rule of law, we should persist in promoting the rule of law, rule of law and administration according to law, adhere to the integration of a country ruled by law, a government ruled by law and a society ruled by law, improve the socialist legal system with Chinese characteristics, improve the level of administration according to law, improve the operation and supervision mechanism of supervision power, judicial power and procuratorial power, promote judicial justice, and carry out in-depth publicity and education on the rule of law to further highlight social fairness and justice.
The national administrative system is more perfect. The level and ability of government governance are directly related to the improvement of governance efficiency. Since the 18th National Congress of the Communist Party of China, the reform of party and state institutions has been deepened, and the government governance system has been further rationalized and improved. Entering a new stage of development, building a high-level socialist market economic system, ensuring and improving people’s livelihood, etc., all need to give full play to the role of the government. The "Proposal" proposes to accelerate the transformation of government functions and build a government governance system with clear responsibilities and administration according to law. It is necessary to further deepen decentralization, combine decentralization with management, optimize service reform, comprehensively improve administrative efficiency, improve the efficiency of government services, effectively save and reduce administrative costs, build a government ruled by law, and enhance government execution and credibility.
The level of social governance, especially grassroots governance, has improved significantly. Judging from the overall process of modernization of state governance, social governance has the closest relationship with people’s production and life, and there are many shortcomings and weaknesses. The "Proposal" puts forward the target requirement that "the level of social governance, especially grass-roots governance, has been significantly improved", indicating that social governance, especially grass-roots governance, has become a key area to achieve new improvement and make new breakthroughs in the effectiveness of state governance in the future. It is necessary to push the focus of social governance down to the grassroots level, strengthen and innovate regional social governance, improve the social governance system, improve the level of social governance, and create a new situation of grassroots governance.
The system and mechanism for preventing and resolving major risks have been continuously improved. National security system and capacity building are the basis and guarantee for promoting the modernization of national governance system and governance capacity and improving the efficiency of national governance. Without security, it is impossible to improve the efficiency of national governance. At present, profound and complex changes have taken place in the domestic and international environment, which further highlights the importance of national security system and capacity building. The "Proposal" sets up a special chapter to make comprehensive arrangements for overall development and safety. We must adhere to the overall national security concept as the guide, improve the national security system, improve the centralized, unified, efficient and authoritative national security leadership system, improve the national security rule of law system, strategic system, policy system, talent system and operational mechanism, strengthen the early warning, prevention and control mechanism and capacity building of economic security risks, improve the public security guarantee ability, and escort the development of safer.
Take multiple measures to improve the efficiency of national governance
Promoting the modernization of national governance system and governance capacity, and realizing the new improvement of national governance efficiency is a complex systematic project, which requires comprehensive efforts in governance environment, governance objectives, governance pattern, governance methods, governance tools, governance capacity and governance evaluation.
Scientifically judge the governance environment. Governance environment is an important factor affecting the development and efficiency improvement of national governance. At present, the world is experiencing a great change that has never happened in a century, and the development environment at home and abroad in China is undergoing profound and complex changes, which has brought both new challenges and new opportunities to the modernization process of state governance. It is necessary to strengthen the scientific judgment on the governance environment with stronger strategic determination, sharper insight and clearer judgment, so as to better formulate governance strategies, promote governance reform and improve governance efficiency.
Clearly set governance goals. A modern national governance system must have a set of clear and definite governance objectives. After the Fourth Plenary Session of the 19th CPC Central Committee put forward the "three-step" overall goal of adhering to and improving the Socialism with Chinese characteristics system, and promoting the modernization of the national governance system and governance capacity, the Fifth Plenary Session of the 19th CPC Central Committee defined the specific goal of improving the effectiveness of national governance in the next five years. According to these objectives, we should further clarify and refine the specific objectives in different governance areas, and form a measurable, operational and assessable governance target system.
Construct and improve the governance structure. It is very important to coordinate all kinds of governance subjects and form a scientific and reasonable governance pattern for improving the efficiency of national governance. Under the leadership of the Party, it is necessary to build and improve a governance structure in which different governance bodies, such as the government, enterprises and institutions, market players, social organizations, and individual citizens, not only perform their duties and do their best, but also learn from each other’s strengths and complement each other’s strengths, so as to fully mobilize and stimulate the enthusiasm and creativity of all parties.
Promote the governance process according to law. The rule of law is an important support for the national governance system and governance capacity. Governing a big country like China is highly complicated. Only by modernizing the national governance system and governance capacity on the track of the rule of law can we ensure the orderly development of all work. We should be good at transforming the advantages of socialist rule of law into the effectiveness of state governance, and establish and consolidate the new achievements of improving the effectiveness of state governance in the form of rule of law, and give full play to the guarantee role of the rule of law in consolidating the foundation, stabilizing expectations and benefiting the long term.
Flexible use of governance tools. In the face of complicated governance problems and challenges, it is necessary to comprehensively use a variety of governance tools. Give full play to the aggregation effect of various governance tools, form a more flexible combination of governance tools, and flexibly choose governance tools according to time, place, people and things, effectively helping to improve the efficiency of national governance.
Comprehensively enhance governance capabilities. Governance ability is the ability to manage all aspects of affairs by using the national system, which directly affects the governance effect. Governance ability covers leadership, planning, execution, control, evaluation and adaptability. It is necessary to formulate and implement detailed governance capacity improvement plans from different levels and contents to provide support for the new improvement of national governance efficiency.
Scientifically implement governance evaluation. To judge the efficiency of governance, a scientific and systematic index system is needed as the evaluation basis. Based on China’s national conditions and reality, a set of scientific and feasible evaluation index system should be constructed according to the goal of improving the efficiency of national governance. At the same time, according to the development and change of practice, the evaluation index system is constantly improved to realize the benign interaction between the improvement of governance efficiency and the improvement of evaluation index system.
(The author is Party Secretary of China Renmin University)
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