CCTV News:The website of the Central Meteorological Observatory issued a marine weather bulletin at 18: 00 on the 15th. The content is as follows:

　　I. Weather conditions in offshore waters

　　From 02: 00 to 14: 00 on the 15th, there were 5-7 winds with gusts of 8-9 in Bohai Sea, Bohai Strait, northern and central Yellow Sea, northern East China Sea, Taiwan Province Strait, northern and central and western South China Sea and Beibu Gulf.

　　Second, the key weather forecast in offshore waters

　　1. There will be 6~7 winds in the southern waters of China.

　　From the night of 15th to the day of 18th, there will be northerly or northeasterly winds with gusts of 8-9 in Taiwan Province Strait, east of Taiwan Province, bashi channel, northern and central South China Sea, Beibu Gulf and Qiongzhou Strait.

　　Third, the specific forecast for the next three days

　　Iv. weather outlook for the next 4-7 days

　　During the day from October 18th to 22nd, due to the influence of cold air, there will be 5~7 northeast winds or northerly winds with gusts of 8 in the Bohai Sea, Bohai Strait, most of the Yellow Sea, most of the East China Sea, Taiwan Province Strait, bashi channel, the northern and central South China Sea, Beibu Gulf and Qiongzhou Strait, among which the winds in parts of the Taiwan Province Strait can reach 8 and the gusts are 9.

Issuing unit

Central Radio and Television Headquarters (Financial Program Center)

support unit

The State Council SASAC

All-China Federation of Industry and Commerce

Institute of Economics of Chinese Academy of Social Sciences

china enterprise reform and development society

Academic support

Responsibility cloud research institute

June 13th, 2023

introduction

　　"Environmental, Social and Governance" (ESG) is an enterprise management concept and investment concept put forward by the United Nations in 2004, which emphasizes the coordinated development of economy, environment and society and gives full play to the power of capital to solve social and environmental problems. In the past two decades, ESG concept has been widely practiced and promoted by governments and market players around the world, and has become one of the mainstream investment concepts and practical strategies in developed countries and emerging market countries. According to the prediction of relevant institutions, by 2025, the global ESG assets will reach 53 trillion US dollars, accounting for 1/3 of the global asset management scale. With the deepening of the global consensus on sustainable development, the requirements of society for enterprises in green development, energy conservation and emission reduction, social responsibility, honest management and compliance management are becoming more and more strict. Promoting ESG practice has become an inevitable choice for enterprises in the new era, which will help enterprises to form differentiated competitive advantages and help the world to make positive changes.

　　As the second largest economy in the world, China has been promoting the practice of ESG with a positive attitude in recent years. Since the 19th National Congress of the Communist Party of China, China has attached great importance to the modernization of harmonious coexistence between man and nature, and firmly promoted green and low-carbon development. The 20th National Congress of the Communist Party of China put forward the great goal of building a socialist modern country in an all-round way and comprehensively promoting the great rejuvenation of the Chinese nation with Chinese modernization. At present, China is in a critical period of building a socialist modern country in an all-round way and realizing the great rejuvenation of the Chinese nation. Based on the new development stage, implementing the new development concept, building a new development pattern and promoting high-quality development are the tasks that must be grasped at present and in the future. The value core of economic prosperity, environmental sustainability and social equity advocated by ESG is highly compatible with China’s important strategic goals such as high-quality development, common prosperity and "double carbon". These important strategic objectives have explored the road, pointed out the key points and deepened the content for the practice of ESG concept in China, and provided a grand stage for the development of ESG in China. Whether the "double carbon" goal focuses on the environment, rural revitalization emphasizes social equity, or common prosperity pays comprehensive attention to economy and society, it provides rich connotations and broad space for ESG’s practice in China. It is imperative to build an ESG system with China characteristics, improve China’s influence and voice in the global ESG system, and make a clear direction for the future development of ESG.

　　In order to thoroughly implement the spirit of the 20th Congress of the Communist Party of China, practice the responsibility of mainstream media, promote the construction of ESG system with China characteristics, and enhance China’s influence in the global ESG field, the Central Radio and Television General Station, together with the State-owned Assets Supervision and Administration Commission of the State Council, the All-China Federation of Industry and Commerce, the Institute of Economics of the Chinese Academy of Social Sciences, and the China Enterprise Reform and Development Research Association, launched the "China ESG (Corporate Social Responsibility) Release" and the model ceremony project in 2023. By establishing an ESG evaluation system that is in line with international standards and national conditions, we will comprehensively evaluate the listed companies in China that have great influence on China A-shares and Hong Kong stocks, publish thematic reports of different dimensions one after another, summarize and publicize the excellent practices of ESG, and hold the annual ceremony of "China ESG Model" at the end of the year, in a matrix form throughout the year, to convey the voice of responsibility and spread the value contribution, guide China enterprises to improve the ESG construction level with the power of example, and provide assistance for the high-quality economic and social development of China. Through this project, we are committed to leading more China enterprises to the road of high-quality sustainable development, taking ESG as the inevitable requirement of the new era, and pushing the society towards a future of harmonious coexistence and long-term common prosperity between man and nature.

　　We can see that under the guidance of the national strategy, China enterprises have started a new era of actively responding to the ESG concept and comprehensively improving their ESG level. "China ESG (Corporate Social Responsibility) Release: Annual ESG Action Report" is the first achievement in the year. It is found that the overall level of ESG development of large companies in China and the proportion of outstanding enterprises are comparable to those of large enterprises in the world, and the leading enterprises in various industries lead the sustainable development. At the same time, more and more enterprises attach importance to ESG. Many enterprises gradually establish an ESG management system, integrate ESG management requirements into business management, issue ESG reports in time, actively respond to national strategies, ensure information security, promote scientific and technological innovation, implement the "double carbon" goal, participate in charity, protect employees’ rights and interests, and help sustainable management and value creation with a heavy sense of responsibility. It can be predicted that practicing ESG concept and promoting sustainable development will become the "proposition of the times" and "value consensus" of China enterprises. Under the wave of ESG, China’s ESG regulatory policy has been gradually improved, ESG rating has been continuously optimized, ESG investment has continued to grow, and China’s ESG system construction has made positive progress. China enterprises will certainly be able to move forward bravely in the process of promoting Chinese modernization, providing strong support and guarantee for serving people’s better life and helping high-quality and sustainable economic and social development.

technical proposal

　　The research path is as follows: based on the theory of sustainable development, economic externality and stakeholder theory, construct the "trinity" ESG evaluation model of environment, society and governance; Seriously study the Party’s Report to the 20th CPC National Congress spirit, study domestic and international standards and guidelines, benchmark the mainstream ESG rating system at home and abroad, and build an ESG evaluation index system that is in line with international standards and national conditions; Collect enterprise ESG information based on open channels, conduct content analysis and quantitative analysis, calculate ESG index score, select "Pioneer 100" enterprises of ESG listed companies in China (hereinafter referred to as "Pioneer 100" enterprises) with perfect ESG governance, strong practice and remarkable results, and complete "China ESG (Corporate Social Responsibility) Release: Annual ESG Action Report" (see Figure 1).

　　I. Theoretical model

　　Theory of sustainable development: The production and operation of enterprises should pay attention to environmental and social influences, and pursue development that not only meets the needs of contemporary people, but also does not harm the ability of future generations to meet their needs.

　　Economic externality theory: negative externalities will make enterprises face policy risks, while positive externalities will enhance enterprise value and bring reputation assets to enterprises. Enterprises adhering to the ESG concept will reduce their negative externalities, increase their positive externalities, reduce the risk of losses and enhance the value of enterprises.

　　Stakeholder theory: Stakeholders are all individuals and groups that can affect the realization of an organization’s goals or are affected by the process of an organization’s realization of its goals. The interest expectation, interest conflict, interest balance and relative power of various stakeholders in an enterprise will affect the sustainable operation and value creation of the enterprise.

　　Based on this, when we build an ESG evaluation model, we break the conventional thinking that the existing mainstream ESG rating system focuses on ESG risk management (that is, the negative externalities of enterprises), and take into account the positive value and contribution of enterprise management and development to the social environment (that is, the positive externalities of enterprises), and innovatively build an ESG evaluation model that includes three dimensions of "environment, society and governance" and takes into account both risk management and social value contribution (see Figure 3).

　　Second, the index system

　　Under the guidance of the Party’s Report to the 20th CPC National Congress, the Outline of the 14th Five-Year Plan and the Government Work Report in 2023, we have thoroughly benchmarked 13 domestic and foreign ESG standards such as GRI Standards (2021 Edition) organized by Global Reporting Initiative, Guidelines on Environmental, Social and Governance Reports of the Hong Kong Stock Exchange, and morgan stanley capital international (MSCI), S&P Global, China Securities and China Securities. According to the principle of connecting with the international and applying to the local, the ESG evaluation topic is set, and the general index system and the sub-industry index system are refined. Based on this, a general index system including 3 first-level indicators, 19 second-level indicators and 127 third-level indicators is constructed. Among them, 63.78% of the indicators are in line with international standards, 92.13% are in line with relevant domestic standards, and 25.20% are social value indicators with local characteristics. The response to China’s characteristics is mainly reflected in the construction of modern industrial system, new industrialization, rural revitalization, coordinated regional development, "Belt and Road", innovation-driven, employment promotion, public crisis response, information security and public services.

　　At the same time, considering the great differences in the importance of ESG risk issues in different industries, in order to ensure the scientificity of evaluation, the ESG index system of different industries is constructed according to the characteristics of national economy industry classification (GB/T 4754-2017).

　　Third, the evaluation sample

　　Taking more than 6,400 China listed companies with A shares and Hong Kong stocks as the sample pool as of April 30, 2023, we selected the top 30% companies in terms of market value and published ESG reports on April 30, and comprehensively screened them according to the influence of listed companies, ESG activity and other factors, and finally selected 855 listed companies as the evaluation targets.

　　IV. Sources of information

　　The sources of information mainly include the public information of enterprises in the current year and the third-party information.

　　1. Enterprise public information

　　Including annual ESG report, annual social responsibility report, annual sustainable development report, annual special report (including environmental report, public welfare report, rural revitalization report, overseas report, etc.) and annual report of enterprises.

　　2. Third party information

　　Including official websites such as State Administration of Market Supervision, Ministry of Ecology and Environment, China Securities Regulatory Commission, Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing Stock Exchange, National Enterprise Credit Information Publicity System, Credit China, and professional databases such as Wind and Dibo.

　　V. Exponential Synthesis

　　1. Weight setting

　　According to the differences of different industries’ impacts on the social environment, taking into account the international general principles and the local actual situation, the weights of the first, second and third level indicators of each industry are set.

　　2. Index scoring

　　Classify qualitative indicators and quantitative indicators, and assign points by judging whether there is or not, comparing and scoring relative values in the industry, etc.

　　3. Negative deduction

　　Consult experts’ opinions, judge the negative events of enterprises during the evaluation period, deduct points or "veto by one vote", and adjust the evaluation results.

　　VI. Grading

　　In order to intuitively reflect the ESG level of enterprises, the ESG index is divided into eight levels, namely, five-star excellent level, five-star, four-and-a-half-star level, four-star level, three-star level, two-star level and one-star level. See Table 1 for the corresponding star level and ESG development level of various enterprises.

"Pioneer 100 China ESG Listed Companies" Enterprise

　　Through analysis, 100 listed companies such as China Mobile, China Resources Power, China Petrochemical, baoshan iron & steel, Fosun International, Yili, China Ping An, Geely Automobile, Mengniu Dairy and Mindray Medical were selected as "Pioneer 100 of ESG Listed Companies in China".

Main findings of ESG action of China enterprises

　　1.855 outstanding listed companies in China have the same ESG development level as the whole world, with 35% at the leading level.

　　Taking China listed companies with A shares and Hong Kong stocks as the sample pool as of April 30, 2023, 855 listed companies were selected as the evaluation objects according to the market value scale, report release, influence and ESG activity of listed companies, and ESG comprehensive evaluation was conducted. The analysis found that about 35% of the 855 enterprises have reached the leading level (MSCI global is 28.5%). 48% is in the middle level, and there is still room for improvement (MSCI global is 53%); Another 17% is at a backward level (MSCI is also 17% globally). To sum up, the development level of ESG of listed companies in China is comparable to that of global enterprises.

　　2. "Pioneer 100" enterprises lead the sustainable development, with an average ESG index of 75.8 points.

　　The average score of ESG index of "Pioneer 100" enterprises is as high as 75.8 points, which is at the leading level as a whole and leads the sustainable development of listed companies in China in an all-round way. Among them, two companies are at the level of five-star class, which is the model of ESG development of listed companies; 16 companies are at the five-star level, and they are outstanding in ESG development of listed companies; 77 companies are at the level of four-star and half-star, which is the leader of ESG development of listed companies; Five companies are at the four-star level and have excellent ESG overall performance. At present, ESG has entered a period of accelerated development in China. With the promotion of regulatory authorities, investment institutions, rating agencies, research institutions and other forces, the head listed companies have significantly improved their understanding of ESG and paid more and more attention to ESG work.

　　3. The development of ESG in state-owned enterprises is generally leading, and private enterprises in the head shine brilliantly.

　　Among the "Pioneer 100" enterprises, the number of state-controlled listed companies accounts for about 60%, and the average score of ESG index is 76.1; About 40% of private listed companies have an average score of 75.3 on ESG index. Judging from the number of "Pioneer 100", the ESG work of state-owned enterprises is generally leading, which is largely due to the high attention paid to ESG work by the State Council State-owned Assets Supervision and Administration Commission. Since 2021, the State Council State-owned Assets Supervision and Administration Commission (SASAC) has promoted the central corporate social responsibility work and ESG work as a whole. By 2022, a special social responsibility bureau was set up to further strengthen the promotion. Under the guidance of State-owned Assets Supervision and Administration Commission of the State Council, Guangdong, Shanghai, Shanxi, Sichuan, Yunnan and other local SASACs have also included ESG in their work, which has promoted the ESG work of state-owned enterprises to enter a period of accelerated development.

　　Although the number of private listed companies selected as "Pioneer 100" enterprises is less than that of state-owned enterprises, the average score of ESG index is almost the same as that of state-owned enterprises. Fosun International, China Ping An, Geely Automobile and Mindray Medical are among the top ten "Pioneer 100" enterprises, and their outstanding performance in ESG field provides a model for private listed companies to carry out ESG work.

　　4. "Pioneer 100" enterprises are distributed in 12 industries, with manufacturing accounting for half of the country.

　　From the perspective of industry distribution, "Pioneer 100" enterprises are distributed in 12 industries, among which manufacturing enterprises account for half of the country, and five manufacturing enterprises rank in the top ten of "Pioneer 100" enterprises. Comparatively speaking, manufacturing enterprises often bear greater environmental responsibility, employee responsibility and safety responsibility. Fierce market competition and strict regulatory requirements, especially the proposal of "double carbon" goal, all push manufacturing enterprises to catch up, change their development concepts, prevent ESG risks and create ESG value.

　　Electricity, heat, gas and water production and supply industries account for about 10%. Some energy enterprises with great pressure on environmental protection and safety have incorporated ESG ideas into their business operations during the transformation process, thus boosting their sustainable development. For example, China Electric Power, a subsidiary of China Power Investment Group, is committed to establishing a good ESG risk management system to improve the performance of sustainable development issues and promote effective management, and its board of directors actively promotes a "top-down" culture to ensure that the management will incorporate ESG into the decision-making process and business operations. In addition, the number of enterprises in financial industry, information transmission, software and information technology service industry is also outstanding, which has set an example in ESG management and practice.

　　5. Beijing and Shenzhen have become the highland of ESG development, demonstrating the role of demonstration and driving.

　　In terms of geographical distribution, nearly 80% of the "Pioneer 100" enterprises are concentrated in Beijing-Tianjin-Hebei, Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta, of which 36 are located in Beijing-Tianjin-Hebei, 26 in Guangdong-Hong Kong-Macao Greater Bay Area and 15 in the Yangtze River Delta. These areas are the frontiers of China’s opening to the outside world, and they are highly integrated with the world economy. Enterprises located here came into contact with the ESG concept originated in the West earlier, and ESG work started earlier, so ESG performed better.

　　From the perspective of cities, the proportion of "Pioneer 100" enterprises in Beijing, Shenzhen, Shanghai and Guangzhou has reached about 60%, with Beijing accounting for the highest proportion. Beijing (30), Shenzhen (16), Shanghai (8) and Guangzhou (6) are becoming the first demonstration areas for ESG construction.

　　6. China enterprises actively respond to national policies, and national strategies lead the development direction of ESG.

　　ESG can effectively guide important participants in the capital market to pay attention to social and environmental issues while creating economic value. Under the guidance of national strategies such as carbon neutrality and common prosperity, the construction of ESG system with China characteristics is accelerating. It is found that under the "top-down" system guarantee and policy promotion, the development direction of local ESG is clearer and the power is stronger. Our ESG evaluation system is based on local conditions and reflects ESG values with China characteristics. Ten characteristic indicators are specially set, including modern industrial system construction, new industrialization construction, rural revitalization, regional coordinated development, "Belt and Road", innovation-driven, employment promotion, public crisis response, information security, and public services, with a view to guiding listed companies in China to change their thinking, be inclusive, be brave and take action.

　　Taking the Belt and Road Initiative as an example, this initiative will help relevant countries to build a community of interests, destiny and responsibility with political mutual trust, economic integration and cultural tolerance, which is of far-reaching and lasting significance for maintaining world peace and stability and promoting prosperity and development. It is found that the large listed companies in China play a leading role and actively participate in building the "Belt and Road" through trade, investment, finance and infrastructure, thus contributing China wisdom and China’s strength to global sustainable development. For example, CRRC relies on the "Fuxing" Chinese standard EMU technology platform with the highest commercial operation speed in the world to tailor high-speed EMUs for Jakarta-Bandung High-speed Railway to adapt to the local operating environment and line conditions, showing the good image of China Railway, China Manufacturing and China Equipment; In the decade from 2013 to 2022, Northern International has signed more than 120 overseas projects to build rail transit, power facilities, petroleum and mineral facilities, municipal housing construction, agriculture and people’s livelihood and other infrastructure for countries along the Belt and Road.

　　7. China enterprises actively implement the "3060" goal and seek a green future by "carbon"

　　With the introduction and improvement of peak carbon dioxide emissions’s carbon-neutral "1+N" policy system, coping with climate change has been incorporated into the national strategy and top-level design. It is found that 26 "Pioneer 100" enterprises have formulated a special system to implement the "double carbon" goal, and nearly 90% have formulated goals, strategies, plans or action routes around the "double carbon" issue. For example, Dongfang Electric has formulated the "peak carbon dioxide emissions Carbon Neutralization Action Plan", set up a leading group for green environmental protection, and set up a carbon neutrality research center in peak carbon dioxide emissions to coordinate green and low-carbon development; Xinao Energy has formulated six major emission reduction actions: urban gas methane management, low-carbon trade and transportation, energy structure transformation of universal energy business, system energy efficiency improvement, green technology application and green office, and issued "Green Action 2030" to clarify the company’s short-term and medium-term carbon reduction targets by 2030 and long-term targets by 2050.

　　At the same time, more than 70% of the "Pioneer 100" enterprises disclosed their annual greenhouse gas emissions, especially the manufacturing enterprises with high environmental sensitivity, and the disclosure rate of greenhouse gas emissions reached 76%. According to statistics, the disclosure rates of carbon-related indicators in Europe, America and Asia-Pacific are 80%, 74% and 62% respectively. Green development and low-carbon development have been integrated into the development strategy of enterprises in China. Large enterprises actively implement new development concepts and accelerate the green transformation of development methods. The performance of ESG leading enterprises in China in coping with climate change has reached the international leading level.

　　8.ESG leading enterprises pay attention to work-life balance, with 9 paid annual leave per capita.

　　Employee responsibility is the core issue of social responsibility (S) dimension, and paid vacation is an important embodiment of employee rights and benefits, and it is also an important indicator under the topic of "work-life balance" that is of universal concern around the world. About 20% of the "Pioneer" 100 enterprises disclosed the number of paid annual leave days per capita. It is estimated that the average paid annual leave days per enterprise in 2022 will be about 9 days. It is particularly worth mentioning that the average paid annual leave days of CSDCC, China Resources Cement Holdings and Hegang reached 14 days, 13.6 days and 12 days respectively. Paying attention to the work-life balance of employees and solidly promoting the construction of harmonious labor relations are the common goals and pursuits of ESG leading enterprises.

　　9. Stable employment helps the economy to move forward. The average number of new jobs in "Pioneer 100" enterprises exceeds 10,000.

　　Under the background of the global economic downturn, rising unemployment rate and the rising trend of layoffs, absorbing employment reflects the responsibility and responsibility of enterprises. "Pioneer 100" enterprises take the initiative to attract new graduates, migrant workers, veterans and other key groups to find jobs, help laid-off employees to obtain new employment opportunities, and drive the upstream and downstream of the industrial chain to create a large number of employment opportunities. The data shows that more than 60 companies disclosed the number of employees they absorbed in 2022, totaling about 650,000, and the average number of employees absorbed by each company exceeded 10,000. For example, in 2022, the number of new employees in China Petrochemical Company was 20,891. In addition, ESG leading enterprises also take the initiative to shoulder their responsibilities and actively promote employment in the industrial chain. For example, Yili Co., Ltd. promoted the employment of dairy farming industry by 651,833 person-times.

　　10. Under the social dimension, China enterprises actively contribute to rural revitalization and charity, and private enterprises perform brilliantly.

　　Rural revitalization is an important strategy for China’s economic development and modernization, an inevitable choice for all people to achieve common prosperity, an important topic for the United Nations sustainable development 2030 goal, and an important measure for China enterprises to create social value. It is found that listed companies actively participate in rural revitalization, and help rural industries, talents, culture, ecology, organization and other comprehensive revitalization by participating in infrastructure construction, supporting characteristic industries, carrying out skills training, and setting up support funds. Among them, nearly 70% of the "Pioneer 100" enterprises disclosed the investment in rural revitalization in 2022, with a total investment of about 4.5 billion yuan and more than 2,800 projects. For example, in 2022, China Jiaojian invested 266 million yuan in free assistance funds in designated assistance areas; In 2022, Mengniu Dairy promoted the planting of more than 6 million mu and 12 million tons of high-quality forage grass in China, promoted the breeding of more than 1.7 million cows, and distributed nearly 32 billion yuan of milk, driving farmers to increase their income and become rich.

　　In addition to the investment in rural revitalization, it is an important action for enterprises to create social value and an active choice for enterprises to practice social responsibility. With the encouragement and support of the All-China Federation of Industry and Commerce, private enterprises have actively participated in glorious and public welfare undertakings, and made outstanding contributions to China’s characteristic public welfare undertakings. Statistics show that "Pioneer 100" enterprises invested more than 12.6 billion yuan in charity in 2022, among which 37 private listed companies invested more than 8.5 billion yuan in charity, and private enterprises performed brilliantly in charity donation. For example, Mindray Medical announced that it will invest 1 billion yuan to build a new campus for Dangshan Middle School to help the development of rural education.

　　11. Symbiosis with innovation, China enterprises promote sustainable development with technological innovation.

　　Technological innovation is the first driving force for the transformation of old and new kinetic energy of the economy and the realization of high-quality development. Accelerating the implementation of innovation-driven development strategy is not only the strategic requirement of the country, but also the internal demand of enterprises themselves, which is conducive to enhancing the sustainable development capability of enterprises and laying a solid foundation for industrial transformation and upgrading and sustainable development. The study found that the total investment of "Pioneer 100" enterprises in R&D in 2022 exceeded 500 billion yuan. From the industry point of view, the six selected enterprises in information transmission, software and information technology services all invested more than 10 billion yuan, far ahead; Geographically, the average R&D investment of enterprises in Beijing-Tianjin-Hebei region exceeds 9 billion yuan, ahead of Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Delta, Western Triangle and other regions; From the perspective of cities, the average R&D expenditure of enterprises in Hangzhou, Ningde and Shenzhen ranks in the top three. "Pioneer 100" enterprises have vigorously promoted intelligent upgrading and green manufacturing, and have been at the forefront of the world in the fields of 5G information technology and clean energy equipment manufacturing. For example, China Mobile focuses on the frontier and urgent needs of the country, makes every effort to tackle key core technologies, takes the lead in setting up a 5G innovation consortium, shoulders the "chain length" of the modern industrial chain of mobile information, and actively helps China to become self-reliant in science and technology in the field of information and communication; Lenovo strategically increased its R&D professionals by about 5,000 in fiscal year 2021/22, and announced that it would add another 12,000 R&D personnel, while doubling its R&D investment in the next three years.

　　12.ESG leading enterprises attach great importance to information security and strictly abide by the bottom line of ESG responsibility.

　　In the era of big data, the problem of information security has become increasingly prominent, which has attracted worldwide attention. Ensuring information security is not only related to the interests of enterprises, but also their basic responsibility to practice ESG. It is found that more than 60% of the "Pioneer 100" enterprises have issued rules and regulations on information security, and nearly 40% have established information security management committees or working groups in their organizational structures. Some enterprises have invested in information security funds and conducted training to enhance the information security awareness of all employees. For example, the Agricultural Bank of China has formulated and implemented the Measures for the Management of Network Security, established a three-level network security organizational structure of "Science and Technology and Product Innovation Committee-Science and Technology Department-Professional Office", and set up data security centers in the head office and branches to closely weave digital security protection networks; Aauto Quicker has implemented strict data security management protocols, implemented user privacy protection, data classification, supervision, emergency response and third-party management, and established an information security committee to continuously strengthen information security and privacy risk management.

　　13. China enterprises adhere to the guidance of party building and improve ESG governance with China characteristics.

　　The core of the great innovation of corporate governance theory with China characteristics lies in strengthening the leadership of the Party, which is also the unique advantage of China enterprises in accelerating the construction of world-class enterprises. It is found that China enterprises embed the corporate party organization into the corporate governance structure, and establish and improve the corporate governance mechanism with China characteristics, which has its own responsibilities, coordinated operation and effective checks and balances, so as to promote the compliance construction of enterprises, enhance the awareness of sustainable development and promote ESG work. For example, China Tonghao continues to improve the party building cultural system of "one branch with one feature" and "one party member with one flag", and carries out in-depth practical activities on the theme of "strong vitality, creating good results and promoting growth", focusing on the entry point and force point for party building to integrate into production and operation, and ensuring the high-quality development of enterprises with high-quality party building; Cosl, a subsidiary of CNOOC, China, integrated the leadership of the Party into the whole process of corporate governance, fulfilled the pre-procedure of the Party Committee for making decisions on major issues, improved the corporate governance mechanism with the "three meetings and one layer" as the starting point, and promoted the modernization of corporate governance system and governance capacity.

　　14.ESG overturns the reform of executive compensation, and "Pioneer 100" enterprises actively explore the link between compensation and ESG performance.

　　With the gradual popularization and promotion of ESG investment concept around the world, the linkage between executive compensation and ESG performance has become a trend and may gradually become the norm. Some large foreign enterprises have urged the management and management to actively improve ESG performance by means of "linked compensation" assessment and incentives. According to statistics, in 2022, the proportion of companies linking ESG targets with executive compensation in Russell 1000 Index has reached 28%. The analysis of "Pioneer 100" enterprises shows that more than 20% of listed companies link management compensation with ESG, which urges management to promote the implementation of ESG. For example, baoshan iron & steel, a subsidiary of China Baowu, incorporated ESG performance indicators into the executive incentive and compensation plan, and took reward and punishment measures according to the annual ESG evaluation results; China Resources Land, a subsidiary of China Resources Group, has linked the executive compensation with the work of safe production in order to establish an effective and normalized sustainable development management system. Fosun International has established relevant mechanisms to link ESG performance with the remuneration of directors and senior management, among which "ESG assessment indicators" of executive directors (including ESG rating, ESG system construction, responsible investment management, carbon neutral management and ESG risk management) account for 10% of the overall performance assessment.

　　15. "Pioneer 100" enterprises focus on improving ESG management system to inject momentum into sustainable development.

　　ESG management system is the foundation for enterprises to promote ESG work. Establishing and improving the normalization mechanism of ESG management can effectively guide enterprises’ ESG work and improve the quality of ESG information disclosure. It is found that about 75% of Pioneer 100 companies have set up ESG committees or ESG leading groups at the board level, which is much higher than 54% of FTSE 100 companies. Large listed companies increasingly realize that improving the top-level architecture is the key to promoting ESG work. At the same time, among the "Pioneer 100" enterprises, over 30% have established ESG special system, about one-seventh have established ESG index system, and nearly 50% have carried out ESG special training. More and more listed companies gradually standardize ESG management system, improve ESG management ability, promote practice through management, improve ESG work level and enhance the resilience of sustainable development. For example, State Grid Yingda, a subsidiary of State Grid, has established a four-level ESG organization and management system, including the board of directors, management team, and ESG implementation team. The chairman of the board is the highest person in charge of ESG work, actively participates in external ESG special series training, continuously improves the ESG index system, and optimizes ESG management; Guodian Power, a subsidiary of National Energy Group, set up an ESG management leading group as the leading organization, and formulated the Management Measures for Environment, Society and Corporate Governance to ensure the institutionalized and systematic operation of ESG.

　　16. ESG information disclosure of enterprises in China is becoming more and more standardized, and ESG reports are substantive, comparable and balanced.

　　ESG information disclosure is very important to promote the sustainable development of enterprises. By presenting the environmental, social and governance (ESG) behaviors of the enterprise completely, openly and transparently, the enterprise can win the trust of investors, attract more investment, and improve its brand image and social reputation. Mainstream international organizations, such as Global Reporting Initiative (GRI) and International Council for Sustainable Development Standards (ISSB), continue to improve ESG information disclosure guidelines to help standardize ESG information disclosure. The research shows that more than 95% of the ESG reports of Pioneer 100 enterprises list the relevant contents of substantive issues analysis to ensure that the core ESG issues are fully disclosed in the report. Nearly 80% of the ESG reports of "Pioneer 100" enterprises disclosed the key performance data for three consecutive years or more, effectively transmitting the improvement of ESG performance to the capital market. More than 90% of the "Pioneer 100" companies actively disclose many negative information such as environmental pollution, safety production, employee turnover, product recall, administrative punishment, etc., so as to avoid misleading the report readers and ensure the balance of ESG information disclosure. Half of the "Pioneer 100" companies’ ESG reports were evaluated by third-party reports, such as China Chemical, Maanshan Iron and Steel Co., Ltd. and Yiling Pharmaceutical Co., Ltd., which applied for the rating of enterprise ESG reports to promote management and continuously improve the level of report preparation. Based on the comparative analysis,We believe that high-level ESG information disclosure should meet the requirements of substance of the topic, comparability of data, balance of information, completeness of content, timely release and verifiability of reports. The standardization of ESG reports of Pioneer 100 enterprises has reached a high level, but it is still necessary to pay attention to the evaluation of third-party reports and improve the quality of ESG reports.

ESG Action Proposal of China Enterprises

　　At present, with the deepening of the national green and low-carbon strategy and the open development of the financial market, China’s ESG development has rapidly entered the "fast lane" and achieved certain results. However, compared with western developed economies, it still faces some problems such as insufficient understanding, imperfect rules, insufficient constraints, inadequate system and insufficient practice. As the main body of the capital market and the practice of ESG concept, enterprises should conform to the development wave of ESG, explore the compatibility of ESG localization with international rules, play a subjective role in investment and business, actively carry out ESG practice, and promote the rooting and healthy development of ESG concept in China. On the basis of systematically combing the development status of ESG of listed companies in China, we put forward the following suggestions on how to further improve the ESG work level of enterprises in China.

　　First, based on the national strategy, ESG helps high-quality economic and social development.

　　China’s unique historical background, social culture and economic system make it necessary for China to absorb the international ESG experience, integrate its own characteristics and combine with the national development strategy, so as to shape the ESG practice with China color. Only in this way can ESG become a powerful tool to promote the sustainable and high-quality development of enterprises and society in China.

　　First, we must deeply integrate into the national strategy.On the basis of defining its own position, enterprises should actively respond to and deeply participate in the national strategic objectives, and put their own development into the historical journey of promoting the great rejuvenation of the Chinese nation with Chinese modernization. For example, the innovation drive is deeply rooted in the core engine of ESG practice, and innovation empowers business models, products and services to form new development momentum; Make full use of resources, technology or industry status, actively participate in major national strategies such as "One Belt and One Road" and rural revitalization, promote coordinated regional development, and shape ESG practice with China characteristics.

　　Second, we should promote the construction of ESG ecology in the industry.Enterprises should not only fully participate in the construction of modern industrial system, but also actively promote the new industrialization development strategy and build a win-win cooperation industry ecosystem. Industry leaders need to take on greater responsibilities and form and promote ESG concepts and practices with industry characteristics through transformation and upgrading and coordinated development among industries.

　　Third, we must create high-quality people’s livelihood value.Enterprises should closely link products and services with people’s livelihood and well-being, actively create employment opportunities, promote community co-construction and sharing, contribute to charity, and help realize "common prosperity" of society, which has become a key force to promote the deeper and broader development of ESG practice in China.

　　Second, improve the level of practice and strengthen the supply chain ESG management

　　Enterprises in China should promote ESG practice with higher standards and a more rigorous attitude, and realize the balanced and sustainable development of economic, social and environmental benefits. Enterprises need to establish a strategic goal of comprehensively improving ESG practice level as the basic orientation of sustainable development of enterprises, fully consider the impact on the environment and society when making business decisions, and take corresponding measures to reduce potential adverse effects. At the same time, China enterprises also need to actively participate in the global ESG practice, learn from the best actions, and continuously improve their own ESG performance.

　　Supply chain management is an important topic in the development of ESG in the world. APEC and the European Union have successively issued a number of policies to require enterprises to pay attention to the supply chain risks related to ESG and improve the security, stability and sustainability of the supply chain. However, it is found that the proportion of "Pioneer 100 Enterprises" carrying out supply chain ESG review is low. China, as the core of the global industrial chain and supply chain, should shoulder its due responsibilities and drive the upstream and downstream enterprises in the industrial chain to create long-term sustainable value. In the management of supply chain, enterprises should integrate ESG standards into the compliance review of suppliers to ensure that suppliers meet the corresponding standards in environmental protection, social responsibility and corporate governance; We should also provide ESG training and technical support to suppliers on a regular basis, and help suppliers understand and implement ESG best practices by sharing knowledge and technology. In addition, enterprises should also establish long-term partnerships with suppliers to jointly face the challenges of ESG and help the whole industry upgrade ESG.

　　Third, improve corporate governance and enhance the "she" power in the top-level structure

　　Sound corporate governance is the key to achieve ESG goals, and an effective governance system can guide and promote enterprises to continuously improve on environmental and social issues. High-quality corporate governance has also been proved to improve the economic performance and risk management ability of enterprises, enhance the resilience to meet challenges and promote the long-term sustainable development of enterprises.

　　First, we must adhere to the guidance of party building.The leadership of the Party plays an important leading role in corporate governance. It is necessary to better transform the leadership advantage of the Party into governance efficiency, and integrate the leadership of the Party, corporate governance and ESG governance with each other, so as to enhance the "control power" of enterprise decision-makers on sustainable development and promote the in-depth development of enterprise ESG work.

　　Second, we should improve the ESG governance structure.Enterprises should establish a decision-making and leadership mechanism for ESG work at the board level, regularly analyze the risks and opportunities of the enterprise’s social environment, examine and approve the company’s ESG strategy and key work, and review ESG major issues. At the same time, under the leadership of the board of directors, an ESG work organization system composed of management and executive layer is established to realize the guidance and supervision of ESG work by management and the implementation of ESG work by executive layer.

　　Third, we must strengthen the power of "her".Gender equality is an important topic of the UN Sustainable Development Goal 2030. At the decision-making level and management level, the role of "she" power can not be ignored. The different views and experiences brought by female directors and executives are helpful to improve decision-making efficiency and promote enterprise value creation. However, it is found that the average proportion of female directors and female executives in Pioneer 100 enterprises is 16.7% and 20.2%, both of which are lower than those in developed markets. China enterprises need to improve the diversification of governance structure, actively increase the proportion of female directors and female executives, make good use of "her" power to improve decision-making efficiency and promote enterprise value creation.

　　Fourth, improve ESG management, pay attention to planning guidance and system construction.

　　An effective ESG management system can help enterprises form advantages in value creation, risk control and market competitiveness; Moreover, this kind of ESG management, which goes deep into all levels and business links of enterprises, can also guide enterprises to form endogenous motivation for social and environmental responsibilities and promote the simultaneous improvement of social and commercial values of enterprises. The action rate of "Pioneer 100 Enterprises" in establishing ESG strategic objectives, formulating ESG special system and establishing ESG index system is still low, which needs to be improved urgently.

　　First, make a clear ESG plan.Planning is an important tool for enterprises to define ESG objectives, set work paths and guide work implementation. Enterprises should combine their own business characteristics and market environment, set practical ESG work objectives, and formulate systematic and practical ESG action plans.

　　Secondly, we should establish and improve the ESG system.A good system can ensure that ESG planning is implemented and implemented in the daily operation of enterprises. Enterprises should build a "1+N" ESG system with ESG special system as the guide and multi-dimensional specific implementation methods such as environmental protection, product management, customer service, employee responsibility and supply chain management as the constituent elements, clarify the powers and responsibilities of various departments and posts for ESG work, and ensure that ESG concepts are implemented throughout the business process of enterprises.

　　Finally, we should build a scientific ESG index system.Enterprises should build a layered, graded and classified ESG index system suitable for the characteristics of industries and companies, provide quantifiable tools for issue identification, report preparation, risk management and performance evaluation, help enterprises to clarify responsibilities, monitor progress and evaluate effects, and promote fine management and continuous improvement of ESG work.

　　V. Improve the data disclosure rate, and release ESG related reports before April 30th.

　　ESG information disclosure is a comprehensive mapping of enterprise ESG management and practice level. High-quality ESG envelope can not only reduce the compliance risk of enterprises, but also help enterprises gain recognition from consumers, regulators and rating agencies. In recent years, the global requirements for ESG envelopes have become more and more stringent, so it is urgent for China enterprises to further improve the quality and timeliness of ESG envelopes.

　　The disclosure of ESG key data is the most important thing to improve the quality of ESG information disclosure. ESG data provides quantitative, clear and comparable information for investors, regulators and the public, enhances the public and investors’ trust in enterprises, and also helps enterprises find and understand the problems and shortcomings of ESG work. The selection of "Pioneer 100 Enterprises" attaches great importance to the performance of key data, and the evaluation system contains a large number of quantitative indicators. China enterprises should establish and improve the ESG data management mechanism to ensure the effective collection, storage and processing of data; It is necessary to improve the quality and comparability of ESG data disclosure and better reflect the status quo and trends of key indicators.

　　The timeliness of ESG report release is also crucial. Timely disclosure of ESG information helps investors and other stakeholders to compare and analyze the financial performance and non-financial performance of the company, so as to make timely and accurate investment decisions; It is also helpful for enterprises to discover and deal with ESG risks and opportunities that may be faced in time. In recent years, global regulators have gradually tightened the release time of ESG reports. The Stock Exchange of Hong Kong and Euronext have required that ESG reports of listed companies should be published simultaneously with annual reports. In combination with the requirement of China Securities Regulatory Commission that annual reports of listed companies should be compiled and disclosed within four months from the end of each fiscal year, April 30 is chosen as the deadline for the collection of ESG reports. Therefore, we suggest that listed companies in China should release ESG related reports of the previous year no later than April 30th every year, so as to improve the timeliness of report release. In addition, we should actively participate in the evaluation of third-party reports, improve the quality of ESG reports with the help of professional strength, and then force the improvement of ESG management and practice.

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　　"China ESG (Corporate Social Responsibility) Release: Annual ESG Action Report", as the first research achievement of "China ESG (Corporate Social Responsibility) Release" and model ceremony project in 2023, will provide a new perspective and guidance for China enterprises to implement ESG practice, followed by a series of thematic reports. At the end of the year, we will also hold the annual ceremony of "China ESG Model", select the top ten "China ESG Model" enterprises, and show their excellent ESG practice cases, with a view to establishing a clear social value orientation, promoting enterprises to continuously optimize ESG practices, and forming a good atmosphere for the whole society to pay attention to and promote ESG.

　　In the process of evaluation and implementation, we will always pay attention to the development trend of ESG at home and abroad, and adjust and update the ESG evaluation standards in time to ensure that they are always in line with international standards and national conditions, and accurately reflect the ESG performance of China enterprises. In this process, we will continue to promote the standardization and normalization of ESG in China, and strive to push ESG practice in China to the international level.

　　Finally, we sincerely hope that all enterprises in China can actively embrace and practice the ESG concept, constantly improve their own ESG level, carry out ESG practice in a down-to-earth manner, and show their responsibility.

With the expectation of the Fed’s interest rate hike gradually declining, and it is almost certain that it will stop raising interest rates this year, small and medium-sized pharmaceutical stocks with historically low valuations are expected to usher in a wave of mergers and acquisitions this year. Combined with the merger situation in 2022, we believe that ten companies such as Argenx, Apellis and Sarepta have great potential to be merged by large pharmaceutical companies.

In addition to the ten pharmaceutical companies listed in this article, the following pharmaceutical companies or technical fields deserve attention:

ADC domain：Mersana Therapeutics、ImmunoGen；

CNS domain：Intra-cellular、Neurocrine、Sage Therapeutics;

Rare disease field：Mirum、Krystal Biotech；

Other fields：Halozyme、Prometheus、Viridian Therapeutics.

1、Argenx(NASDAQ:ARGX)

ARGX is a Dutch pharmaceutical company specializing in the research and development of alpaca-derived antibodies. It has three patented technologies related to the transformation of antibody Fc region, namely SIMPLE Antibody platform, NHance, ABEDEG and POTELLIGENT, and has the property of technology platform.

The drug VYVGART, which has been marketed by ARGX for treating myasthenia gravis, sells well, recording a sales income of US$ 131 million only in the third quarter of last year. It is estimated that the annual income will reach US$ 402 million, and the rights and interests of VYVGART in China have also beenZaiding medicineTake it. In 2023, ARGX also had some important milestones:

The company has submitted the subcutaneously injected version (SC) of EFGARTIMOD, which will be listed for approval on June 20th. Considering that VYVGART has been listed and sold well, the subcutaneously injected version of EFGARTIMOD has a high probability of being approved, and the sales revenue is more considerable.

In the second quarter, the SC version of efgartigimod will also release the phase III data for the treatment of chronic inflammatory demyelinating polyneuropathy (CIDP).

ARGX-113, a drug under research, will release two three-phase heavy data on the treatment of primary immune thrombocytopenia (ITP) and pemphigus vulgaris (PV) in the second half of the year.

ARGX is rich in pipelines, its technology platform has been verified, its sales revenue has risen rapidly, and with the blessing of many heavy catalysts this year, many Wall Street investment banks have listed ARGX as one of the promising biomedical enterprises this year.

2、Apellis(NASDAQ:APLS)

APLS is a biomedical company with complement technology, and its main drug is C3 inhibitor APL-2. At present, the drug has been approved for two indications: paroxysmal hemoglobinuria (PNH) and geographic atrophy (GA) secondary to age-related macular degeneration, among which the PNH indication was approved in mid-2021, and it sold for 65.1 million US dollars in the United States only last year (authorized to SOBI outside the United States).

APL-2 was recently approved for the treatment of GA, with a wide range of labels (including foveal and extrafoveal), and GA has a large market. The Wall Street investment bank even gave a peak sales forecast of $5 billion. At the same time, the doctor survey conducted by the investment bank showed that doctors and patients had high expectations for APL-2. It is estimated that doctors will use the drug in 20-50% of patients, with an estimated EOD of 70-80%.

In addition to the above-mentioned approved indications, the company has a layout in the fields of rare diseases, ophthalmology, nervous system, gene therapy, etc., among which gradual freezing disease (ALS) in cooperation with SOBI is the most important. APLS is a very suitable choice for large pharmaceutical companies that want to enter the field of complement technology or GA.

3、Alnylam(NASDAQ:ALNY)

Founded in 2002, Alnylam is a leading enterprise in the field of RNAi therapy. In the past five years, it has successfully brought five RNAi drugs to the market, and in 2022, it achieved sales revenue of 892 million US dollars, up 35% year-on-year.

According to product classification, ONPATTRO and AMVUTTRA, which have the same indications, recorded revenues of $122 million and $69 million respectively in the fourth quarter of last year, with annual revenues of $558 million and $94 million respectively.

GIVLAARI recorded a revenue of $47 million in the fourth quarter of last year and achieved a revenue of $173 million in the whole year; OXLUMO recorded a revenue of $24 million in the fourth quarter of last year and achieved a revenue of $70 million for the whole year.

In addition to the strong performance of existing products, relying on the RNAi therapy technology platform, ALNY is rich in research pipelines, and many pipelines are in the later stage, which has great commercialization potential in the short term:

Patisiran’s supplementary marketing application for the treatment of ATTR amyloidosis cardiomyopathy, and the approval time is October 8; This year, the third phase data of Fitusiran in treating hemophilia and the third phase data of Vutrisiran in treating ATTR amyloidosis cardiomyopathy will also be released.

In addition, the market for indications of some early pipelines of the company is extremely broad, such as Zilebesiran for treating mild and moderate hypertension, ALN-APP for treating Al Harmo’s disease, ALN-KHK for treating NASH, etc.

Whether it is the technology platform, sales performance, and future potential, ALNY is the target of mergers and acquisitions by large pharmaceutical companies.

4、Axsome Therapeutics(NASDAQ:AXSM)

AXSM is a model of Biotech in the field of central nervous system in recent years. Its share price has risen more than 30 times in the past four years, and it has also enabled CFO Nick Pizzie, who defected from Pierre Fabre USA in 2018, to gain wealth freedom. At that time, the market value of AXSM was less than 100 million US dollars.

Behind the stock price rise is AXSM’s successive clinical trials:

The third phase trial of AXS-05 in the treatment of major depression (MDD) and bipolar disorder in Az Harmo was successful, and the indication of MDD has been approved for marketing.

The third phase trial of AXS-07 for migraine was successful, and it is planned to submit NDA； this year;

The drug AXS-12, which is used to treat narcolepsy, has also been certified by FDA as a breakthrough therapy. It is currently in the second phase of clinical practice, and data will be released this year.

In addition to its own research and development, the company is also adept at business development (BD): in March 2022, AXSM bought Sunosi, a listed drug for treating narcolepsy, from JAZZ for $53 million, and in February this year, AXSM announced that it would grant Sunosi’s rights and interests in Europe, the Middle East and North Africa to Pharmanovia, and AXSM would receive an advance payment of $66 million and a milestone payment of up to $101 million.

For large pharmaceutical companies that favor the commercialization stage, AXSM with two CNS drugs on sale and multiple later pipelines is undoubtedly one of the most worthy M&A targets.

5、Ascendis(NASDAQ:ASND)

Ascendis Pharma is a long-acting drug company with a long-acting drug technology platform TransCon. At present, it mainly focuses on various rare diseases, reducing the frequency of drug use, improving patients’ compliance, reducing side effects, and thus improving the treatment effect. With the success of the third phase clinical trials of several drugs, the technical platform of ASND has also been verified.

At present, the company has three drugs under research: TransCon hGH (long-acting growth hormone), TransCon PTH (treatment of hypothyroidism) and TransCon CNP (treatment of achondroplasia).

In 2021, Skytrofa, the company’s drug for treating children’s growth hormone deficiency (GHD), has been approved for marketing. On April 30 this year, the FDA will approve the marketing of TransCon PTH, the company’s drug for treating adult hypoparathyroidism, and will also release Phase III data of TransCon hGH for treating adult growth hormone deficiency before the end of the year. In addition, the company also has pipeline promotion in the field of achondroplasia and tumor, and will provide updates of related clinical trials this year.

The performance of Skytrofa, a drug listed by ASND, grew well. In 2022, it achieved a revenue of 35.7 million euros, with a quarterly revenue growth rate of 39%.

In 2018, ASND also co-founded VISEN Pharmaceuticals with Vivo Capital, and Visen Pharmaceuticals acquired the rights and interests of ASND in Greater China. In November 2022, Weisheng Pharmaceutical submitted a prospectus to the Hong Kong Stock Exchange, intending to be listed on the main board of Hong Kong. In view of the vast domestic long-acting growth hormone market, Changchun Gaoxin, anke biotechnology and other companies have already laid out, and the arrival of Weisheng Pharmaceutical will intensify the competition in the industry.

In view of the company’s long-term drug technology platform and the pipeline in the late stage of commercialization and research and development, Ascendis Pharma is also one of the potential acquisition targets of large pharmaceutical companies.

6、Sarepta(NASDAQ:SRPT)

Sarepta Therapeutics is a leading enterprise in the field of treating Duchenne muscular dystrophy (DMD). At present, the company has three approved DMD drugs: EXONDYS 51, AMONDYS 45 and Vyondys 53. In addition to the drugs already on the market, the company is developing new therapeutic drugs such as gene therapy and gene editing around DMD, and at the same time, it has a layout for the indications such as limb muscular dystrophy (LGMD).

In the third quarter of 2022, the company recorded a product sales income of 207 million US dollars, and it is estimated that the annual income will reach 843 million US dollars, a year-on-year increase of 38%. In addition to strong sales performance, the company’s R&D pipeline is also worth looking forward to.

In the third quarter of last year, the company submitted the application for the marketing of gene therapy drug SRP-9001 for treating DMD, which was jointly developed with Roche. The FDA granted it priority approval, and the approval time was May 29th. The marketing application of SRP-9001 is supported by many clinical trial data, and the probability of approval is high.

For large pharmaceutical companies that want to enter the DMD field, SRPT is the best choice. However, the overseas rights and interests of SRP-9001 were authorized to Roche, which may lower the expectations of the acquirer.

7、Karuna Therapeutics(NASDAQ:KRTX)

KRTX is a company that develops drugs for the treatment of nervous system diseases. KarXT, its main drug, is an oral first-choice muscarinic agonist for M1/M4. It consists of xanomeline, a muscarinic agonist, and trospium, a muscarinic antagonist. It aims to preferentially stimulate muscarinic receptors in the central nervous system, and has the potential to treat serious mental diseases without relying on dopaminergic or serotonin, including schizophrenia and psychosis in Alzheimer’s disease.

In August, 2022, the company released the phase III clinical data of KARST in the treatment of schizophrenia, which not only reached the end of the trial, but also was superior to the existing therapies in terms of therapeutic effect, safety and patient coverage, and solved the problems of poor compliance and less coverage in the existing therapies, especially the clinical P value of KARST < 0.0001, which is extremely rare in the CNS field.

This data has been released, and KarXT is regarded as a game changer in the field of schizophrenia by investment banks such as Mizuho. It is estimated that it will reach $1.7 billion by 2028, and its peak sales will be above $5 billion.

The company plans to submit the listing application of KarXT in the middle of this year, and release the results of another phase III test named Buergent-3 in the first quarter of this year. This experiment is similar to the previous studies of EMERGENT1(Ph2b) and EMERGENT-2(Ph3), with a high probability of success, but initially the experiment was mainly conducted in Ukraine, and now most of the research is transferred to the United States, which has certain uncertainties.

8、Revance(NASDAQ:RVNC)

RVNC is a pharmaceutical company dedicated to developing cosmetic medical products. Relying on the unique TransMTS? peptide technology, it has developed a differentiated botulinum toxin for injection, which was approved in the third quarter of last year.

Different from the existing Dysport, Xeomin, Jeuveau and other products on the market, DAXXIFY is a new product that is truly different from BOTOX, the number one product in the field of botulinum toxin. In the treatment of brow wrinkles, the curative time of DAXXIFY is almost 1.5 to 2 times that of BOTOX, while the annual income of the latter is 14.6 billion US dollars.

Because of its remarkable effect, DAXXIFY aims at the top one-third of the existing users. Investment banks predict that DAXXIFY will occupy 30% of the US market and its annual sales will exceed $1 billion. In the first quarter (the fourth quarter of last year) just after it was approved, the sales of DAXXIFY experience users were already expected to be between $10.5 million and $11.5 million.

In addition to DAXXIFY, the company also has RHA fillers with less side effects and better effects than hyaluronic acid. The sales revenue in the first year after listing was more than 70 million US dollars, and the growth rate last year remained at 40%+. Different from other small pharmaceutical companies, the company also has a commercial platform OPUL?, which is a cloud platform integrating customer relationship maintenance and financial payment functions, providing services for all kinds of medical and beauty businesses. As of the third quarter of last year, the total platform GPV in the past 12 months exceeded 630 million US dollars.

In the environment of raising interest rates, large pharmaceutical companies facing the cliff of heavy drug patents are likely to be interested in mergers and acquisitions of RVNC with great sales revenue potential and quick results.

9、Krystal Biotech(NASDAQ:KRYS)

KRYS is a unique gene therapy company, which does not use the common adeno-associated virus or lipid nanoparticles to deliver genetic material, but loads the gene into herpes simplex virus (HSV-1) to make it reach its target in vivo. HSV-1 has higher carrying capacity than other gene therapy technologies, which not only broadens the scope of potential diseases that KRYS may treat, but also can realize repeated administration.

KRYS has developed a series of drugs for dermatoses and respiratory diseases on its gene therapy technology platform, among which the most important one is B-VEC for the treatment of dystrophic epidermolysis bullosa (DEB), which is currently in the waiting stage for PDUFA.

B-VEC has obtained the priority evaluation qualification granted by FDA. Due to CMC, the approval time was postponed to May 19th this year, and the probability of approval was high. If approved, this will be the first approved gene therapy for DEB.

Although the market of DEB is not very large, B-VEC has proved the feasibility of the company’s technology platform to some extent. Besides the skin diseases and respiratory diseases that have been laid out at present, the company has also started clinical trials to treat cystic fibrosis. In addition, Jeune Aesthestics, a subsidiary of KRYS, is still trying to enter the field of medical beauty.

With its unique technology platform value and several promising research pipelines, KRYS is expected to become an M&A option for large pharmaceutical companies.

10、Xenon(NASDAQ:XENE)

XENE is a company that focuses on the treatment of neurological diseases by regulating ion channels. The main indication is epilepsy. At present, there are four drugs under research in the pipeline, XEN1101, XEN496, XEN901 and XEN007, which have cooperated with well-known enterprises in CNS field, Neurocrine and Alexion (acquired by AstraZeneca).

In October, 2021, the company announced that XEN1101, the main pipeline, announced the success of the second phase of the clinical treatment of adult local epilepsy, and the FDA required the company to make another third phase to apply for listing. XEN496, another treatment for infantile epilepsy, is also in the third clinical stage, and it also needs a greater probability of success.

In addition, the company’s drug XEN1101 is still in the second phase of clinical treatment for major depression (MDD), and the market of MDD is bigger than that of epilepsy. If the data released in the second half of the year is good, it will increase the probability of the company being acquired.

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　　 [Expert Comments]

　　 Intangible heritage is an important part of excellent traditional culture. Protecting and inheriting intangible cultural heritage plays an important role in forging a solid sense of the Chinese nation’s community and enhancing cultural self-confidence. In December 2022, General Secretary of the Supreme Leader made important instructions on the protection of intangible cultural heritage, emphasizing the need to do a solid job in the systematic protection of intangible cultural heritage, better meet the people’s growing spiritual and cultural needs, and promote cultural self-confidence.

　　 According to the data of the Ministry of Culture and Tourism, up to now, there are 1,557 national intangible heritage projects and 3,062 national intangible heritage inheritors in China. There are 43 projects in China listed in the UNESCO Intangible Cultural Heritage List, ranking first in the world. China’s overall protection of intangible heritage has achieved fruitful results.

　　 Intangible heritage protection is not easy. Because intangible cultural heritage itself has no physical form, and it has to rely on live transmission, it has become very fragile in the rapid changes of society. It is often futile to protect intangible cultural heritage projects and inheritors. In this context, the concept of "cultural and ecological protection zone" came into being. The Measures for the Administration of National Cultural and Ecological Protection Zones, which was implemented in 2019, pointed out that national cultural and ecological protection zones refer to specific areas with the protection of intangible cultural heritage as the core and the overall protection of cultural forms with rich historical and cultural accumulation, good survival status, important values and distinctive characteristics, and approved by the Ministry of Culture and Tourism.

　　 Up to now, there are 16 national cultural and ecological protection zones in China. Cultural and ecological reserves bear the internal motivation and suitable environment for the formation and development of intangible cultural heritage. Building cultural and ecological reserves is an important practice to implement the systematic protection of intangible cultural heritage.

　　 The main protection contents of the cultural ecological protection zone are: first, to protect the intangible cultural heritage projects and representative inheritors; second, to protect the natural environment and human environment related to intangible cultural heritage; third, to protect and repair the cultural ecological system, and to maintain the balance of the cultural ecological system, so as to coordinate it with the regional natural ecological protection and economic and social development. To this end, we must adhere to the "two combinations" and build a cultural ecological protection zone that conforms to China’s national conditions, completely covers material and cultural heritage such as cultural relics protection units and historical and cultural cities, towns and villages, and takes intangible cultural heritage protection as the core. At the same time, it will link up national cultural parks and major national cultural engineering construction projects, activate the use of cultural heritage, and let intangible cultural heritage "see people, see things and see life".

　　 (Author: Zhou Jianming, a professor-level senior urban planner of China Urban Planning and Design Institute)

　　Cctv news Lancome, Saint Laurent YSL, helena rubinstein HR, Armani … these well-known brands are all owned by L ‘Oreal Group. On the morning of February 21st, "New Era and New Opportunities &mdash; &mdash; The online theme promotion activity of "Multinational Enterprises in China" came to the headquarters of L ‘Oré al North Asia. In an interview, Fabry, President of L ‘Oré al North Asia and CEO of China, said that L ‘Oré al has been close to consumers for 25 years and is looking forward to more sparks with the consumer market in China.

　　Fashion and beauty combine the feast of sight and smell.

"Floating in Time and Space" in Shanghai Exhibition Center: the world’s first exhibition of Armani Gaoding’s private fragrance

　　"Floating in time and space &mdash; &mdash; The first exhibition of Armani Gaoding Fragrance in the world was recently exhibited in the West Hall of Shanghai Exhibition Center. In this limited-time feast of fashion and beauty, several sets of rare Armani haute couture fashions were presented, which complemented the perfume bottles with corresponding smells.

　　It is reported that the exhibition receives 2,000-2,500 visitors every day, and the exhibition will last until February 26th, and then move to South Korea, France and other places to continue the "global tour".

　　Fabry said that in the past few years, L ‘Oré al has made due contributions to the recovery and development of China’s consumer market. The world premiere of Armani in Shanghai not only reflects the strong resilience of China’s economy, but also reflects L ‘Oré al’s confidence and determination to develop in China.

　　"We will continue to create beauty, move China consumers and enlighten the world."

　　Technology empowerment seizes the new opportunity of personalized beauty.

　　Less than 500 meters away from the exhibition is the headquarters building of L ‘Oré al Group in North Asia. Since L ‘Oré al entered the China market in 1997, it currently operates 31 brands in China.

　　Fei Borui said that diversification is the next development trend of the beauty industry. Consumers are not limited to "one thousand people" who only choose a single product. In the future, more diversified choices and expressions will realize "one person and one thousand faces". How to meet the needs of consumers more accurately will bring great business opportunities to the development of L ‘Oré al beauty and technology.

L ‘Oré al staff demonstrated the intelligent colorimeter of "lipstick printer"

　　It is understood that L ‘Oré al has made its debut in China International Import Expo(CIIE) for five years in a row, exhibiting 16 new international brands and a number of personalized beauty technologies, and its influence on new products is constantly expanding to the whole country.

　　Investment overweight is full of confidence in Shanghai’s development.

　　"Shanghai naturally has some of the most cutting-edge characteristics of beauty consumption." Fei Borui said that Shanghai has good prospects in innovation, consumption and economic growth, and he is full of confidence in Shanghai’s development.

Fabry (right), President of L ‘Oré al North Asia and CEO of China, was interviewed.

　　Over the years, L ‘Oré al has witnessed the continuous development and evolution of Shanghai, and in the process, L ‘Oré al has also deeply felt the strong support of the Shanghai government and relevant institutions. L ‘Oré al has always maintained close cooperation with the government and received a lot of support from the policy level, thus bringing more innovation to consumers. At the China International Import Expo(CIIE) in 2019, L ‘Oré al demonstrated the personalized service of Xiuliko Essence. In this year’s pilot project in Pudong, the personalized service of Xiuliko Essence will be listed in China; In 2022, the clean workshop of L ‘Oré al Suzhou Factory was officially launched, and the foundation stone of the world’s first self-built intelligent operation center was launched in Suzhou, which is expected to be officially put into operation in September this year; In addition, L ‘Oré al also set up its first investment company in China market &mdash; &mdash; Shanghai Meicifang Investment Co., Ltd. will strengthen co-creation with China’s industry partners.

　　"The fields that China is developing are in perfect harmony with the fields that L ‘Oré al can contribute to," Fabry said. L ‘Oré al has been witnessing the opening of the market and the demand for policies. During the gradual recovery of the consumer market in China, L ‘Oré al is very much looking forward to colliding with Shanghai for more innovation sparks.

Cctv newsRecently, sporadic cases have appeared in many places in China, and the situation of epidemic prevention and control in winter is grim. There is still more than one month before the Spring Festival. In order to reduce the large-scale personnel flow during the Spring Festival, recently, many places across the country issued the initiative of "not returning home during the Spring Festival" to encourage enterprises and institutions to arrange flexible vacations and celebrate the New Year on the spot when conditions permit.

Do not return home unless necessary.

As the Spring Festival approaches, the domestic epidemic prevention and control work is facing a big test of personnel mobility and gathering.

On December 25, 2020, the Beijing conference on epidemic prevention and control mentioned that "it is not necessary to leave Beijing, and it is not necessary to leave the country", and the citizens are encouraged to spend the New Year in Beijing. The cadres of the party and government organs take the lead in celebrating the holidays in Beijing, and those who really need to leave Beijing must be strictly examined and approved.

The Shanghai Health Promotion Center also reminds the general public to arrange their trips reasonably during the Spring Festival, and not to travel unless necessary, so as to encourage them to return home and return to their posts. If you must travel across regions, you must know the local epidemic situation and prevention and control policies in advance, and know whether there are any cases or epidemics in the destination in the near future, and suspend travel in medium and high-risk areas.

On December 30, 2020, the Shenzhen Municipal Health and Wellness Committee issued a notice that civil servants, institutions and employees of state-owned enterprises must apply for leaving Shenzhen, and other companies should try their best to take holidays at the wrong peak and encourage them to stay in Shenzhen for the New Year.

In addition, in order to reduce the large-scale population flow, Henan, Anhui, Sichuan, Hunan and other major labor exporting provinces have recently issued notices, demanding "not to return home unless necessary".

For example, the disease control departments of Kaifeng City and Xinxiang City in Henan Province issued tips to encourage migrant workers and scholars to stay in the local festivals as much as possible to reduce the pressure of prevention and control in the two places; Linquan County, Fuyang City, Anhui Province, and Xiaoxian County, Suzhou City suggest that migrant workers stay in their places of work for the New Year, and they can use WeChat, Internet, telephone, etc. Yuyao and Yinzhou in Ningbo City, Zhejiang Province encourage and guide teachers and students to stay in the local winter vacation, and report to the school in advance if they really need to leave.

Earlier, the State Council issued a notice to encourage enterprises and institutions to flexibly arrange vacations according to their production, work conditions and employees’ wishes, and guide employees to take vacations at their workplaces as much as possible during the Spring Festival, and pay overtime wages and leave for employees who work overtime during the Spring Festival according to law.

On January 1, 2021, Academician Zhang Boli said in an interview that the cold season is very suitable for the virus to survive, and this winter and next spring will be the key period to prevent and control the epidemic. "During the National Day in 2020, hundreds of millions of people in China will have nothing to do with the flow. You may say that the Spring Festival can still flow, but &lsquo; No &rsquo; Because the seasons are different. " Therefore, it is recommended that you gather less during the Spring Festival and try not to arrange travel without special circumstances.

Those who really need to return home: nucleic acid test+health code+pass code.

For those who really need to return home, Henan, Anhui, Sichuan, Hunan and other regions have also made clear requirements. Among them, nucleic acid test report, health code and pass code are basic standards, such as Suzhou City, Anhui Province, Ganxian County, Shaanxi Province, etc. It is clear that all returnees need to report to the town (street) or unit in the destination area in advance or at the first time, and hold a valid nucleic acid test report within 7 days to verify the health code and pass code.

In some areas, it is specifically mentioned that migrant workers engaged in the cold chain logistics industry should report to their communities in advance before returning home. For example, Taiyuan City, Shanxi Province requires those who are studying, traveling, taking vacations, working outside the province (especially those engaged in importing cold chain food), planning to come and visit relatives, etc., please report their personal itinerary and contact information to the community (village) and unit where the destination is located in advance.

For people returning from overseas and high-risk areas, nucleic acid detection and isolation measures are required in many places. For example, Huangchuan County, Xinyang City, Henan Province issued a notice, and returnees from overseas and medium-and high-risk areas must report their trips to their jurisdictions in advance, and implement nucleic acid testing and 14-day centralized isolation measures.

Railway Department: Tickets purchased before 24: 00 on January 6 will be refunded free of charge.

Recently, sporadic cases and local epidemic have occurred in some parts of the country. In order to cooperate with the implementation of epidemic prevention and control policies of local governments, the railway departments have made the following adjustments to the provisions on passenger train ticket refund:

From 0: 00 on January 7, 2021, when passengers refund valid tickets of trains purchased before 24: 00 on January 6, 2021 at stations, railway 12306 websites (including mobile phone clients) and other channels, no refund fee will be charged, and the purchased railways will be handled together with accident insurance.

A number of airlines: flights involving key epidemic prevention and control areas are returned and changed free of charge.

Recently, a number of airline companies have issued policies on the cancellation of flights in key epidemic prevention and control areas. Up to now, China International Airlines, China Southern Airlines, Hainan Airlines, Xiamen Airlines, Shandong Airlines, etc. have released plans for returning flights involving Beijing’s inbound and outbound flights; Hainan Airlines, Grand China Airlines, Hebei Airlines, Shandong Airlines, Spring Airlines, etc. have issued special handling plans for Shijiazhuang’s inbound and outbound flight tickets.

State and municipal people’s governments, provincial committees, offices, departments and bureaus:

　　In order to thoroughly implement the spirit of "Several Opinions of the State Council on Promoting Foreign Trade to Stabilize and Improve" (Guo Fa [2016] No.27), actively respond to the complicated and severe situation facing foreign trade, reverse the continuous downward trend of foreign trade, and promote the stabilization and improvement of foreign trade in the province, combined with the actual situation in our province, we hereby put forward the following opinions:

　　First, make every effort to promote foreign trade to stabilize and improve.

　　(1) Intensify market development. Continue to consolidate traditional markets such as ASEAN, South Asia, the European Union and North America, vigorously explore emerging markets such as Oceania, Africa and South America, accelerate the expansion of national and regional markets along the Belt and Road, and gradually diversify the foreign trade market. Support all kinds of business associations and intermediaries to organize enterprises to participate in well-known exhibitions at home and abroad, and help enterprises meet customers, seize orders and open up markets. Give support to enterprises participating in large-scale exhibitions at home and abroad.(The Provincial Department of Commerce, the Department of Finance, and the Yunnan International Expo Bureau are respectively responsible for their duties.)

　　(2) Strengthening the role of an open economic development platform. Give full play to the policies and supporting advantages of export-oriented parks such as national economic and technological development zones, high-tech industrial development zones, comprehensive bonded zones, border economic cooperation zones, cross-border economic cooperation zones, and key development and opening-up pilot zones, promote the formation of a number of foreign trade transformation and upgrading bases with strong driving effects, obvious industrial advantages, distinctive features and perfect public service system, accelerate the transformation of foreign trade development mode, and improve the quality and level of foreign trade development. We will promote the construction of demonstration zones for the quality and safety of agricultural products exported at the county level, improve the quality and safety level of agricultural products, enhance international competitiveness, and promote the steady growth of agricultural products exports. Support the identified provincial-level foreign trade transformation and upgrading bases and county-level export agricultural products quality and safety demonstration zones. Promote the continuous operation of China-Europe trains, encourage enterprises to export products to Europe through China-Europe trains, reduce the comprehensive cost of enterprises, enhance the international competitiveness of our products exported to Europe, and expand the scale of exports to Europe. Give support to transport enterprises through China-Europe trains.(Provincial Department of Commerce, Development and Reform Commission, Agriculture Department, Finance Department, Industry and Information Technology Commission, kunming railway administration, Kunming Customs and Yunnan Entry-Exit Inspection and Quarantine Bureau are respectively responsible according to their duties)

　　(3) Promoting the coordinated development of foreign investment and foreign trade. Taking various development zones, industrial clusters, characteristic parks and special customs supervision zones as carriers, we will increase the investment attraction of large export-oriented projects, promote the undertaking of cluster and industrial chain projects, and improve the quality of foreign investment introduction. Actively guide foreign investment in biomedicine, advanced equipment manufacturing, new materials, modern logistics, food and consumer goods manufacturing, plateau-featured agricultural products, information, tourism culture and other fields, attract regional headquarters of multinational corporations and functional institutions such as marketing centers, procurement centers and logistics centers to settle in our province, and accelerate the cultivation of new foreign trade growth points.(The Provincial Department of Commerce and the China Merchants Cooperation Bureau are responsible for their respective duties)

　　(D) Play the role of "going out" to promote trade. Encourage our province’s advantageous enterprises and industries with surplus production capacity to invest in South Asia, Southeast Asia and countries and regions along the Belt and Road, integrate into the global supply chain by means of new establishment, mergers and acquisitions, and establish an international marketing network, export product service system and cross-border electronic commerce overseas warehouse. Support key enterprises to establish production bases and industrial parks overseas, strengthen international capacity cooperation, and promote the export of relevant equipment and products. Accelerate the infrastructure construction of interconnection with neighboring countries, support enterprises in our province to carry out international cooperation and project contracting for major projects, and drive the export of equipment, materials, products, technologies, standards and services in our province. Support the export of materials under overseas investment cooperation.(The Provincial Department of Commerce and the Development and Reform Commission are respectively responsible for their duties)

　　(5) Further expand imports. Implement the national import discount policy and further improve the import encouragement policy of our province. Expand the import of advanced technology, key equipment and spare parts, and scarce resource products in our province to promote industrial upgrading in our province. Stabilize the import of resource products, seize the opportunity of low import prices of bulk commodities, and steadily expand the import of resource products. Reasonably increase the import of consumer goods, expand the import of consumer goods such as fruits, grain and meat, and support the construction of designated ports for inspection and quarantine in places where conditions permit; Support the establishment of duty-free shops at ports to guide the return of consumption abroad. Accelerate the promotion of Yunnan PetroChina International Enterprise Company to obtain crude oil import qualification, crude oil sales and operation qualification and refined oil wholesale sales qualification, and carry out crude oil import business as soon as possible.(The Provincial Department of Commerce, the Development and Reform Commission, the Commission of Industry and Information Technology, the Department of Finance, Kunming Customs and Yunnan Entry-Exit Inspection and Quarantine Bureau are respectively responsible for their duties)

　　Second, consolidate the traditional competitive advantage of foreign trade

　　(6) Expand border trade. Study and formulate policies and measures to promote the development of border trade in our province, increase the transfer payment to border areas, ensure the implementation of policies to grassroots first-line areas and support the development of border trade. Focus on the export of key commodities such as mechanical and electrical products, electronic products, textiles and clothing, as well as the import of fruits, seafood, natural gas, crude oil, ore and other commodities and raw materials. Accelerate the introduction of measures for the management of border trade in our province, improve the construction of infrastructure such as supervision places, standardize the management of border trade, promote transformation and upgrading, and expand the scale of border trade.(The Provincial Department of Finance, the Department of Commerce, Kunming Customs and Yunnan Entry-Exit Inspection and Quarantine Bureau are respectively responsible for their duties)

　　(seven) to expand the scale of processing trade. Increase investment attraction, comprehensively apply fiscal, land and financial policies, and actively undertake industrial transfer. Taking advantage of the convenience of various open parks and the preferential policies and measures of the state to support the transfer of processing trade to the central and western regions, we will hold a promotion meeting on Yunnan’s processing trade investment environment in coastal areas such as the Pearl River Delta and the Yangtze River Delta, focusing on key areas such as mechanical and electrical products, non-ferrous metals, electronic products, textiles and clothing, toys and bags, biomedicine, etc., and "one-on-one" tracking and docking key enterprises and projects, and relying on the advantages of various places to implement accurate investment promotion. To study and formulate the implementation opinions on promoting the development of processing trade in our province, and give support to large-scale projects that have strong import and export driving ability and can promote the quality and efficiency of processing trade in our province in terms of land supply, factory rent, logistics and financing guarantee. Strive to create a national demonstration zone for gradient transfer of processing trade, and strive to increase the proportion of import and export of processing trade.

　　Cancel the examination and approval of processing trade business in the whole province, establish and improve the supervision system after the event, speed up the establishment of pilot supervision of goods in Honghe and Kunming comprehensive bonded zones, and give qualified enterprises the qualification of general VAT taxpayer on the premise of "fair tax burden and controllable risks". Processing trade enterprises can pay the land transfer price by stages in accordance with the contract, and the land for industrial projects with priority development and intensive land use determined by our province can be determined according to 70% of the corresponding standards of the land. Support processing trade enterprises in our province to participate in direct electricity trading. Do a solid job in the implementation of the relevant policies to reduce the social insurance premium rate in stages.(Provincial Department of Commerce, China Merchants Cooperation Bureau, Department of Finance, Department of Human Resources and Social Security, Department of Land and Resources, Kunming Customs, Provincial State Taxation Bureau, and the people’s governments of the states, cities, counties and districts shall be responsible respectively according to their duties)

　　Third, accelerate the cultivation of new advantages in foreign trade competition

　　(eight) to cultivate and introduce foreign trade comprehensive service enterprises. Accelerate the cultivation and introduction of a number of key foreign trade comprehensive service enterprises to provide comprehensive foreign trade services such as customs clearance, logistics, warehousing and financing for small and medium-sized micro-foreign trade enterprises. We will provide more convenient measures and services in customs clearance, inspection and quarantine, settlement and sale of foreign exchange, export tax rebate, export credit insurance and other links for the recognized provincial-level foreign trade comprehensive service enterprises, and reward those foreign trade comprehensive service enterprises that have made remarkable achievements in promoting the export growth of small and medium-sized enterprises. Further implement the classified management measures for tax refund (exemption) of foreign trade comprehensive service enterprises, and accelerate the establishment of a management model suitable for the development of foreign trade comprehensive service enterprises.(The Provincial Department of Commerce, the Department of Finance and the Financial Office, Kunming Customs, Yunnan Entry-Exit Inspection and Quarantine Bureau, the Provincial State Taxation Bureau and the Yunnan Branch of the Foreign Exchange Bureau are respectively responsible for their duties)

　　(9) Accelerate the development of cross-border electronic commerce. Earnestly learn from the experience of China (Hangzhou) cross-border electronic commerce Comprehensive Experimental Zone, accelerate the construction of cross-border e-commerce comprehensive service platform, cultivate key e-commerce enterprises, and support the construction of cross-border e-commerce innovation, design and research, platform construction, marketing and promotion, e-commerce incubation for small and medium-sized enterprises, warehousing and logistics, publicity and training and other comprehensive service systems. Support cross-border e-commerce platforms and enterprises that promote the substantial growth of foreign trade import and export. Strengthen communication and coordination, and strive for national approval of Kunming as the National cross-border electronic commerce Comprehensive Experimental Zone.(Provincial Department of Commerce, Industry and Information Technology Commission, Kunming Customs, Yunnan Entry-Exit Inspection and Quarantine Bureau, Provincial State Taxation Bureau, Kunming Central Sub-branch of the People’s Bank of China, and Kunming Municipal People’s Government are respectively responsible according to their duties)

　　(ten) actively strive for market procurement trade pilot. Strive for national approval of Kunming Luosiwan International Trade City to carry out market procurement trade pilot. By optimizing supervision and innovating foreign trade management and service system, we can effectively reduce business operating costs, improve foreign trade efficiency, further improve the development level of commodity markets, and promote the coordinated development of domestic and foreign trade. Encourage qualified States and cities to carry out market procurement trade pilot projects, provide convenience for merchants in South Asia and Southeast Asia, and expand product exports.(Provincial Department of Commerce, Kunming Customs, Yunnan Entry-Exit Inspection and Quarantine Bureau, Provincial State Taxation Bureau, Kunming Central Sub-branch of the People’s Bank of China, and the state and municipal people’s governments are responsible respectively according to their duties)

　　(eleven) vigorously cultivate independent brands of foreign trade. Establish export brand support and statistical system in our province, guide enterprises to strengthen brand building and improve export quality. Vigorously support enterprises in our province to explore the international market, and increase the brand cultivation and promotion in our province through high-level visits, product promotion activities, and participation in large-scale international exhibitions. Actively encourage foreign trade enterprises in our province to establish their own brands, encourage powerful enterprises to acquire foreign brands, vigorously support the brand promotion of export products in our province, and focus on cultivating regional and industrial brands in South Asia and Southeast Asian countries. Support enterprises to carry out foreign registration protection of trademarks and patents, deal with intellectual property disputes, adopt international product certification and other ways, and increase the promotion of Yunnan brands overseas. Support the cultivation and promotion of Yunnan export brands.(The Provincial Department of Commerce, the Department of Finance, and the Yunnan Entry-Exit Inspection and Quarantine Bureau are respectively responsible for their duties)

　　(12) Vigorously develop trade in services. Fully implement the opinions on promoting the development of service trade and accelerate the construction of service trade policy system. As soon as possible, the management measures for the identification of service outsourcing demonstration cities, demonstration parks and demonstration bases will be introduced, and the policy environment for service trade in our province will be continuously improved. Expand the opening of service trade in border areas and encourage foreign investors to invest in tourism, logistics and retail industries. Identify a number of provincial service outsourcing demonstration cities, demonstration parks, demonstration enterprises and key cultivation enterprises. Support the development of a number of leading enterprises in service trade, and focus on cultivating a number of potential service outsourcing cultural trade enterprises and key projects, enterprises and institutions in traditional Chinese medicine service trade.(The Provincial Department of Commerce, the Cultural Products Office, the Commission of Industry and Information Technology, the Health and Family Planning Commission and the Food and Drug Administration are respectively responsible for their duties)

　　Fourth, strengthen fiscal, taxation, finance and credit insurance support

　　(thirteen) increase financial support. Expand the scale of provincial foreign trade development funds and increase the support of financial transfer payments for foreign trade development. Focus on supporting the export of agricultural products, mechanical and electrical products, non-ferrous metals, phosphorus chemicals and other superior products and the import of advanced technologies, key equipment parts and products with scarce resources, encourage the construction of open economic development platforms such as foreign trade transformation and upgrading bases, export agricultural products safety demonstration zones and foreign trade comprehensive service platforms, vigorously develop new foreign trade formats such as market procurement trade and cross-border electronic commerce, and cultivate and promote Yunnan export brands. Governments at all levels should arrange certain funds to support the development of foreign trade in light of the actual situation. (The Provincial Department of Finance and the Department of Commerce, and the people’s governments at the state and municipal levels are respectively responsible for their duties)

　　(fourteen) to speed up the progress of export tax rebate. Strengthen the analysis, prediction, scheduling, implementation and assessment of the export tax rebate plan, and actively strive for the export tax rebate plan. Standardize the management of export goods correspondence, improve the pertinence of sending letters, and check and confirm the reply in time. Fully implement the classified management of export tax rebate, standardize the export tax rebate process, and improve the efficiency of export tax rebate. Under the premise of sufficient tax refund plan, the export enterprises shall declare the tax refund (exemption) that meets the requirements, complete the examination and approval within the prescribed time limit and complete the relevant tax refund (exemption) procedures to ensure timely and full tax refund.(Responsible by the Provincial State Taxation Bureau)

　　(15) Strengthen financial support. Increase financing support for enterprises with orders and benefits. Guide commercial banks to carry out bank-enterprise docking with key foreign trade enterprises, tailor international settlement and trade financing solutions according to the needs of enterprises, and help enterprises effectively control exchange rate risks. Improve the facilitation level of RMB settlement in cross-border trade, guide and encourage commercial banks to increase the innovation of business products, continuously introduce cross-border RMB settlement and trade financing products that meet the needs of the market, and guide enterprises to expand the settlement scale. Increase support for small and medium-sized enterprises through policies such as refinancing and rediscounting. Encourage commercial banks to carry out export tax rebate account custody loans, export credit insurance policy financing, foreign trade order financing and other businesses. Support the bank loans and guarantee fees used by foreign trade enterprises to carry out foreign trade.(The Provincial Finance Office, the Department of Finance and the Department of Commerce, and the Kunming Central Sub-branch of the People’s Bank of China are respectively responsible for their duties)

　　(sixteen) increase credit insurance support. Further expand the scale of short-term export credit insurance, and increase support for electromechanical and high-tech products, agricultural products, small and medium-sized enterprises and emerging markets. Support various insurance institutions to carry out export credit insurance business, and further reduce the rate of short-term export credit insurance. Expand the coverage of credit insurance, and realize the full coverage of export financing of large-scale complete sets of equipment.(Yunnan Insurance Regulatory Bureau, Provincial Finance Office and Department of Commerce are respectively responsible for their duties)

　　V. Optimizing the environment for foreign trade development

　　(seventeen) to further standardize the import and export fees. We will fully implement the list system of import and export link fees, and reserve the administrative fees related to import and export links and the operating and service fees set or guided by the government, and clarify the charging items, charging standards and management authority. Accelerate the market-oriented reform of import and export services, resolutely ban "red-top intermediaries" that rely on administrative organs and administrative power to provide compulsory services, break monopoly and form a fully competitive service market. Severely crack down on illegal charging behaviors such as compulsory service and charging only without service, increase the investigation and punishment of e-government platform charges, and conduct a comprehensive inspection of e-government platforms of customs, entry-exit inspection and quarantine, taxation, commerce and other departments. Actively promote the province’s comprehensive pilot project on exempting foreign trade enterprises from inspection without problems from lifting and shifting storage costs, and effectively reduce the burden on foreign trade enterprises.(The Provincial Development and Reform Commission, the Department of Finance, the Department of Commerce, the Commission of Industry and Information Technology, the Department of Transportation, Kunming Customs and Yunnan Entry-Exit Inspection and Quarantine Bureau are respectively responsible for their duties)

　　(eighteen) to improve the level of trade facilitation. Accelerate the construction of "three mutual" customs clearance at Yunnan port, improve the cooperation mechanism between customs and inspection, optimize the work of "one declaration, one inspection and one release", fully implement the "double random" reform, and gradually increase the proportion of non-invasive inspection and machine inspection. Accelerate the construction of port informatization, give full play to the function of Yunnan electronic port platform, and promote the construction of "single window" of international trade. Deepen the paperless reform of customs clearance operations, and realize paperless customs clearance throughout the customs area during the year. Further expand the pilot scope of direct release of export commodities, export customs clearance forms and paperless inspection and quarantine. Further optimize and adjust the inspection rate of import and export goods, and implement a low proportion of random inspection of import and export goods of customs credit system certification enterprises.(The Provincial Department of Commerce, the Department of Finance, the Department of Transportation, Kunming Customs, Yunnan Entry-Exit Inspection and Quarantine Bureau, and Yunnan Branch of the Foreign Exchange Bureau are respectively responsible for their duties.)

　　Sixth, strengthen organizational leadership

　　(nineteen) to strengthen the main responsibility. The people’s governments of all prefectures and cities should earnestly strengthen their leadership over foreign trade, attach great importance to the steady growth of foreign trade, conscientiously study and formulate supporting measures and methods to promote the steady growth of foreign trade in light of local conditions, strive to achieve a stable and positive foreign trade in our province, and ensure the completion of the foreign trade import and export objectives and tasks issued by the provincial people’s government.(Provincial Department of Commerce, state and municipal people’s governments shall be responsible for their respective duties)

　　(20) Strengthen supervision and inspection. Relevant departments at the provincial level shall, according to their respective functions and responsibilities, strengthen cooperation and coordinate to solve the difficulties and problems in the development of foreign trade in our province. The provincial government supervision room should strengthen supervision and inspection, and departments and regions that fail to implement foreign trade policies and work measures should intensify supervision and implement serious accountability to ensure that all policies and measures are implemented and achieved practical results.(Provincial departments, the provincial government supervision room in accordance with the responsibilities are responsible for)

　

Yunnan Provincial People’s Government

July 20, 2016

(This piece is publicly released)

　　Chinese pays attention to traditional etiquette, and the Prime Minister is no exception. On February 13th and 25th of the twelfth lunar month, Li Keqiang walked into Pudong Village, a Dong stockade deep in the mountains of Liping County, and brought a rich "New Year Gift Package" to the villagers.

　　1. Send special products out of your own pocket

　　What’s in the "spree"? First of all, of course, those local specialties that the Prime Minister personally selected and bought out of his own pocket. On the morning of 13th, when Li Keqiang inspected the supply of Spring Festival market in Liping market, Guizhou, he also prepared a "gift package" for visiting poor households in mountainous areas in the afternoon.

　　In order to ensure that these new year’s goods really meet the needs of villagers in Dongzhai, the Prime Minister never forgets to ask every time he passes a booth: What should the local people prepare for the New Year? What sells best? Finally, under the enthusiastic "sales promotion" of the stall owners, the Prime Minister paid several times and purchased several large packages of local specialties.

　　In the afternoon, Lin Xianping, a poor villager in Pudong Village, took over from the Prime Minister in his drafty wooden building.Pickled fish, Ciba, rice wine, Dong fruit, melon seeds, fried rice and other local specialties..

　　However, despite consulting local market vendors, the Prime Minister is still a little uneasy about his "gift package".

　　"How’s your mouth? Can these be chewed? " He asked Lin Xianping’s parents who were over seventy. After receiving a positive reply, the Prime Minister showed a satisfied smile.

　　2. Dangerous houses in villages will be rebuilt.

　　In addition to the "visible" special products of the New Year, Li Keqiang also brought some invisible "gifts" to the villagers. Next to the charcoal stove in Lin Xianping’s kitchen, the Prime Minister and the Lins sat around chatting and asked them how much land they had, whether the food was enough, how much the minimum living allowance was every month, and whether they had joined the medical insurance.

　　He also specially opened the rice jar for storing surplus grain, grabbed a handful of grain and rubbed it: "This is glutinous rice! No wonder you just said that you can only play 400 kilograms per mu of land. "

　　A village cadre next to him smiled and said: "The Prime Minister has been a branch secretary of the brigade, and he is familiar with these!"

　　Lin Xianping told the Prime Minister that he now has a minimum living allowance and joined the new rural cooperative medical system, and the harvest of farming can also guarantee food rations, but the biggest difficulty at home is that the house is too shabby and has no money to repair it.

　　"You show me!" Li Keqiang got up at once, climbed up the second floor along the shabby wooden stairs and frowned at the leaking windows and old wires.

　　"If this catches up with mountain torrents and windstorms, how can people live in a tight place? It will be even worse in case of fire! " He said, "this is a pain in our hearts!" "

　　After leaving the Lins’ wooden house, Li Keqiang told the local person in charge that Pudong Village must be included in the system arrangement of centralized contiguous poverty alleviation and development and precise poverty alleviation.

　　He said loudly to the villagers who gathered around him: "The government is determined to transform your village, and you must live in a safe and comfortable new house and live a real’ new countryside’ life!"

　　3. Drinking water is safe and secure

　　Pudong Village is a national first-class poverty-stricken village. More than 43% of the people in the village are poor, and the annual per capita net income is only 2160 yuan. Many houses are leaking everywhere.

　　"Yes, the water is still very clear." He nodded and said.

　　In last year’s "Government Work Report", Li Keqiang promised to solve the problem of drinking water safety for another 60 million rural people throughout the year. During his inspection in Pudong Village, he was particularly concerned about whether these promises were really fulfilled and whether the policies were really implemented.

　　The prime minister told the responsible person that the government promised not only to complete the task in quantity, but also to stand the test in quality. He said: "Let the people drink safe and secure drinking water, which is a hard promise of the government and must not be discounted!"

　　Also receiving the "gift package" are two village doctors in the village health center.

　　Li Keqiang has always attached importance to the irreplaceable role of village doctors. Last year, in the grass-roots investigation in Chifeng, Inner Mongolia, after discussing with the accompanying department heads, Li Keqiang decided to use all the basic public health service fees newly added by the central government in that year to subsidize village doctors.

　　During this visit, Li Keqiang asked two village doctors whether they had received the new subsidies from the state and whether the income from practicing medicine every month could guarantee their living. A village doctor replied that his income has improved, but he still needs to plant some fields when there are no patients, subsidy income.

　　After listening to this, the Prime Minister said with emotion that the government should make efforts to make you feel at ease and seek medical treatment! He revealed at the scene that the new basic public health service fees at the grassroots level this year will still be fully subsidized to village doctors.

　　"Village doctors are the’ first line of defense’ for villagers’ health. You are carrying a medicine box and wading through the mountains, reflecting the feelings of doctors to save the world." Li Keqiang said, "The government should completely eliminate your worries and let you go all out to seek medical care!"

　　5. Student loan scheme.　

　　Li Keqiang conducted a "market survey" for college students and graduates who returned home for the Spring Festival before sending out the "gift package". When sitting around the Dong Drum Tower to communicate with everyone, the Prime Minister directly asked: "What is your biggest difficulty? Speak out boldly! "

　　A girl said that she was admitted to a university in Shanghai and applied for a student loan. However, after being admitted to a graduate school in Guizhou University, she found that the student loan could not be transferred across provinces, so she had to find a way to repay the loan while attending graduate school.

　　"She hasn’t got a job yet. How can she repay the loan?" Li Keqiang turned to ask the person in charge of the relevant departments of his peers, "This issue is not a trivial matter, but a big one involving educational equity and coordinated regional development. We encourage college students to go home and go back to the west after graduation, but objectively, the income in the west is indeed lower than that in the east, and the pressure on these graduates to repay loans will be even greater. "

　　He promised at the scene that the State Council would study and formulate new policies for this purpose. The college students who received the "gift package" immediately clapped their hands and cheered.

　　6. Villagers return gifts to the Prime Minister

　　In addition to bringing these generous "New Year’s Gift Packages" to the villagers, Li Keqiang also received gifts from the villagers.

　　After learning that her dangerous house will be rebuilt, Lin Xianping’s mother excitedly took out a pack of "Baba" made by herself, hoping to give it to the Prime Minister to express her feelings.

　　Li Keqiang quickly waved his hand: "Your family is very difficult. I can’t accept this gift!"

　　Unexpectedly, the 70-year-old man chased all the way to the small bridge at the entrance of the village, saying that he would put BaBa into the hands of the Prime Minister.

　　"All right, but there are too many bags. I can only take one." Unable to overcome the enthusiasm of the old man, Li Keqiang finally accepted a small piece of Baba. This is actually a heavy heart.

　　The Prime Minister said: "I have taken away your thoughts and will always miss you. The government will definitely complete the renovation of your dangerous houses as soon as possible, and it will also give more children in the village the opportunity to go to college and let you all live a good life! "

　　The market is concerned about the recovery of offline retail.

　　The long-lost () recently attracted great attention from the market because of a cooperation news.

　　On May 8, Yonghui Supermarket’s share price went up by a daily limit, closing at 2.62 yuan that day, with a total market value of 23.7 billion. However, one day later, at the close of May 9, its share price fell back to 2.55 yuan/share, down 2.67%.

　　In the news, on May 7th, Yu Donglai, the chairman of Fat Donglai, appeared in Yonghui Supermarket in Zhengzhou, Henan Province. At the closed meeting after this visit, Yu Donglai made a decision and started to help and reform Yonghui Supermarket.

　　In this regard, the relevant person of Yonghui Supermarket told 21st century business herald that "we are learning from Fat East now, and the company will put performance first, so it is not convenient to disclose the progress of assistance".

　　As two major supermarket brands born out of low-tier cities, Yonghui and Pangdonglai have similar growth genes. However, when Yonghui made great strides in the first-tier market in the past two decades, Pangdonglai chose to deepen the Henan market and became popular on social networks with high cost performance and "meticulous service" last year. This cooperation between the two has once again strengthened the market’s expectation for the recovery of offline retail.

　　Zhu Danpeng, a senior researcher at China Food Industry Research Institute, said in an interview with 21st century business herald that the offline retail consumer market in China has entered a diversified and multi-level node, and the market must use multiple formats to meet and match the core needs and demands of consumers. "Some people talk about cost performance, some talk about quality and price ratio, some talk about brand tonality, some talk about differentiation, and some talk about high quality." Zhu Danpeng said that the advantage of Fat East is actually an extension of the "five-plus strategy" of multi-brand, multi-category, multi-scene, multi-channel and multi-consumer groups, which can better meet the diverse needs of Chinese people. Help Yonghui Supermarket and BBK

　　21st century business herald reporter learned that the two start-up stores of Fat Donglai are Yonghui Supermarket Hanhai Beijindian Store and Xinxiang Baolong Plaza Store, and the renovation work is expected to start at the beginning of June and the end of June respectively. In the process of helping the reform, the team from Fat Donglai will be responsible for leading the management work, and Yonghui Supermarket will also set up a special "Yonghui Supermarket Reform Team" to cooperate with and support the smooth progress of the whole reform work.

　　In terms of specific transformation measures, referring to the previous adjustment and reform of BBK by Fat Donglai, it mainly involves three aspects: adjusting the layout of stores to provide more convenient and smoother shopping routes; Adjust commodities to provide first-line brand commodities with better quality and more reasonable price; Improve the treatment of employees and stimulate their heartfelt sense of service.

　　According to relevant media reports, for the adjustment and reform of Yonghui, first, in terms of merchandise in the store, we will comprehensively refer to the commodity structure of Pangdonglai, focusing on Yonghui’s existing supply chain system, with Pangdonglai as a structural supplement to greatly improve the quality of goods. Second, it will improve the salary of Yonghui-related store employees and shorten working hours.

　　The adjustment and reform will focus on the team management of Pangdonglai, with Guan Na, the general manager of Pangdonglai Supermarket, and Wang Ming, the general manager of Pangdonglai Xinxiang as the two places. Zhang Xuansong, the chairman of Yonghui Supermarket, is located in Zhengzhou, and transferred the national elite to form the "Yonghui Supermarket Adjustment and Reform Team" to cooperate with the on-site adjustment and reform.

　　However, it is worth noting that it seems more realistic to interpret the cooperation between the two companies as "mutual benefit" than the outside world’s belief that Fat Donglai unilaterally "helped" Yonghui Supermarket. As Yonghui Supermarket, which is known for its advantages in supply chain, it is natural to make up for its own shortcomings in store design and operators while its business situation is improving.

　　According to the report of Yonghui Supermarket in the first quarter of 2024, in the first quarter of 2024, Yonghui achieved an operating income of 21.665 billion yuan, an increase of 30.87% from the fourth quarter of 2023; The net profit of returning to the mother reached 736 million yuan, a year-on-year increase of 4.57%; The net profit of returning to the mother after deduction was 599 million yuan; The weighted average return on equity reached 11.68%, an increase of 2.58 percentage points. In 2023, Yonghui achieved a revenue of 78.642 billion yuan last year, a year-on-year decrease in net profit attributable to its mother of 1.434 billion yuan, and a cash flow from operating activities of 4.569 billion yuan.

　　In fact, this is not the first time that Fat Donglai has replicated and promoted his own business model.

　　From March 31st to April 2nd this year, at the invitation of Wang Tian, the founder of BBK, Yu Donglai led a senior management team to Hunan to start the adjustment and rectification of BBK. As the first modified store, BBK Meixihu Store has made a comprehensive adjustment from the aspects of store layout, product structure, quality and price, environment and personnel service.

　　According to public information, before the reform, the store had an average daily sales of about 150,000 yuan and an average daily passenger flow of 2,000 people. On the first day of the reform, the sales reached 210,000 yuan and the passenger flow reached 4,200. On April 20th and 21st, the store’s sales exceeded 1.42 million yuan for two consecutive days. On the first day of the May Day holiday, the store sales reached 2.4 million yuan, and the sales passenger flow reached 17,700.

　　In addition to BBK after the "explosive reform", there are all kinds of self-owned brand products from Fat East to attract consumers to the store. According to Cailian News Agency, on April 11th, online celebrity’s "Big Moon Cake" was sold out soon after the sale. On April 12th, Fat Donglai’s own brand products, such as DL brewed wheat beer, DL fruit juice and DL free-love liquor, were put on the shelves one after another, and were also quickly snapped up. "Fat East" mode

　　Pang Donglai was once called "the existence of China retail industry" by Lei Jun.

　　According to public information, Pangdonglai Trading Group Co., Ltd. was established in 1997, and has never carried out large-scale chain expansion. Due to years of deep cultivation of services and products, and not excessive pursuit of scale exaggeration, Pangdonglai has become a representative of the supermarket industry. At present, its stores are only opened in Xinxiang and Xuchang.

　　However, at the moment when physical retail is facing difficulties, Fat Donglai is living very well. According to Yu Donglai’s introduction, Fat Donglai’s revenue in 2023 is estimated to exceed 10 billion, with a tax revenue of 300 million to 400 million and a profit of 300 million to 400 million.

　　Previously, when asked why he didn’t open a shop in Zhengzhou, Yu Donglai explained that compared with Xuchang, Zhengzhou’s store cost and employee benefits were much higher, so it was not suitable for copying.

　　Regarding the question of "can’t leave Henan", he also responded in an interview: "Fat Donglai wants to be an example and let more people learn, not how many companies he wants to be, and he has not left the concept of Henan."

　　In fact, the "password" of Fat Donglai, which lasted for many years and became popular on the Internet in the near future, is also hidden in the refined service and warm corporate culture.

　　Previously, because of service problems, the management staff of Fat Donglai were all demoted for three months, and they came to apologize for customers with gifts and 500 yuan Service Complaint Award.

　　But at the same time, Fat Donglai is also very protective of employees. It stipulates that customers’ rights and interests can be fed back through complaint channels, but they can’t yell at employees at the scene. This is a serious act that hurts personality and dignity. Where is the offline retail going?

　　In fact, in the eyes of the industry, the capital market’s violent reaction to Fat Donglai’s help to Yonghui Supermarket, in addition to individual stock factors, implies more expectations for the supermarket format to get out of the current predicament.

　　Previously, Shanghai Chengchao’s parent company "Shanghai City Supermarket Co., Ltd.", which had been deeply cultivated in Shanghai for more than 20 years, suddenly announced its closure. According to the "Notice" issued by Shanghai City Supermarket, the operation of Shanghai City Supermarket has been difficult in recent years, and it is still difficult to continue despite various self-help measures. Therefore, it was decided to dissolve and stop the operation of all stores in Shanghai City Supermarket from April 16, 2024.

　　Shanghai City Supermarket, established in 1995, deals in local delicacies all over the world, more than 80% of which are imported goods. It was once one of the largest imported food and daily necessities supermarkets in Shanghai and even the Yangtze River Delta. Due to the focus on high-end imported boutique supermarkets, Shanghai City Supermarket’s stores in Shanghai, such as Shangcheng Store, Jinqiao Store, Lianyang Store and Tianshan Store, are all located in the traditional "high-end residential area".

　　However, in today’s developed e-commerce, the high-input mode of selling imported goods has not helped Shanghai Chengchao to form a differentiated advantage, but has led to unprecedented difficulties in its operation.

　　According to an interview with its founder Cui Yixiong in 2016, Shanghai Chengchao has more than 20,000 products, of which more than 8,000 products are directly purchased from abroad, and its sales account for more than 60% of the total sales. In order to ensure the quality, Shanghai Chengchao has set up direct agricultural bases in Pujiang, Maqiao, Huacao and Huating, Hainan and Yunnan in Shanghai since 1997, and even the employees, feed and seeds used in them are directly controlled by the company. In addition, the company has established direct production bases and logistics.

　　A consumer said that the earliest contact with imported food began in Shanghai city supermarket. Although the price was a bit high, the product quality was not bad. "Later, imported food was available everywhere, so I wouldn’t go to the city supermarket specially."

　　The closure of Shanghai city supermarkets is not a case. According to incomplete statistics, in the first quarter of 2024, at least 31 supermarket brands and more than 140 stores in China closed down, involving well-known brands such as Wal-Mart, RT Mart, Yonghui, Wumei, over the rainbow Supermarket, Boxma Xiansheng and CP Lotus. Among them, there are also some first stores in cities or regions, such as the first store of Wal-Mart in Nanjing, the first store of Yonghui in China, the first store of Fuzhou Pingxi, and the first store of Zhuji in wu mart.

　　Pei Liang, president of China Chain Store & Franchise Association, pointed out to 21st century business herald that the core reason why offline supermarkets in China are in trouble at present is that the production end and brand end of China are too strong, and the client is slightly weak.

　　"China is the largest production base of FMCG in the world, and brands have very rich choices in channels. They can sell their products through e-commerce platforms and other channels. Retailers in Europe and the United States are very strong, occupying a great voice in the channel, so its dominant market position can ensure that it takes the initiative in the development and sales of its own brands, but this is particularly difficult in China. This is determined by the different national conditions and environments of the two places. " Yan Liang said.

Special feature of 1905 film network "Women also have thoughts, souls and ambitions. I have long been tired of everyone telling me that love is the only thing women should pursue."

　

As early as more than 100 years ago, Joe, played by Saoirse Ronan, made such a cry in the movie. This independence and persistence also inspired countless girls to break free and bravely pursue their hearts.

For women, work and career are not only the source of economic income, but also allow them to gain equality, respect, confidence and confidence while demonstrating their self-worth.

　

On the occasion of International Women’s Day, let Xiao Dianjun pay tribute to female workers from all walks of life through movies. "You work hard, really!"

　

Earn respect with dedication 　　　

　

During this special period, we got to know many ordinary and extraordinary female workers.

　

They are retrograde angels in white, fighting in the front line of anti-epidemic, bearing heavy work pressure but without complaint. They said: "The patient’s happy smile on his face when he was discharged from hospital made everything worthwhile."

　

The same is true of Lu Wenting, an ophthalmologist played by Pan Hong in the movie "Man to Middle Age".

At that time when medical talents were scarce, Dr. Lu was paid a meager salary of 56.5 yuan.However, she often has to face the pressure of working 24 hours a day, but she has no complaints and always puts the needs of patients first.

　

Under the long-term overload operation, Lu Wenting suddenly suffered from myocardial infarction and was dying. On the morning of her illness, she completed three operations in succession.

Lying on her deathbed, Lu Wenting recalled her life, and "curing the patient" became the most gratifying thing in her life:"Every time an eye is cured, it brings me great happiness. The most important part of my life belongs to you (patients)."

　

When she recovered and was discharged from the hospital, the door was full of her former patients, and I believe that was the happiest moment for doctors.

Nice da Silva, the hero of Nice Crazy Heart, is also a female doctor.She is a student of carl jung, a famous Swiss psychologist, and the only woman among the 158 graduates of Bahia Medical College that year.

　

In that era when female doctors were weak, she bravely stood up against the mainstream "inhuman" psychiatric treatments such as frontal lobectomy and electric shock, and advocated giving patients humanized care and guidance.

Nice teaches patients how to use canvases, paints and brushes, and works with dogs to treat mental patients.

　

Through colorful and unrestrained paintings, we can see the patients’ incomparably rich inner world and human dignity.

　　

"All chaos, madness and trauma need to be listened to and appeased."This is not "the benevolent heart of the doctor."

Educational moviesAdapted from a true story.

　

Lv Huihong, played by Miriam Yeung, was originally the principal of a prestigious school. She originally planned to retire early and travel around the world with her husband. However, a news that "suburban kindergartens are on the verge of closure and students are about to drop out of school" has aroused her heart of educating people.

Simple school conditions, only five students, plus a salary of 4,500 yuan, many people question that Lu Huihong is "putting on a show" and making a name for herself. However, she resolutely refused the advertising endorsement of the tutoring institution with an annual salary of 10 million yuan, and ran wholeheartedly for the five children.

　

She said to the students:"The headmaster’s dream is to be a good teacher, and he can stand at the school gate and wait for you to attend classes every day."

In reality, Lv Huihong is still the principal of Yuantian Kindergarten.

　

Under her hard work, in just five years, the number of students has increased from the initial five to as many as sixty, which has affected the fate of countless children and families.

　

This also fulfilled Lu Huihong’s initial intention of education."Being a teacher is doing a very meaningful thing and affecting life with life."

In the movieChinese and female journalist Sasha is a member of the "Focus" investigation team.

Together with her colleagues, she overcame many difficulties and exposed the dark side of church members’ long-term molestation of children and collusion between local forces.

　

In the face of threats and inducements from officials and the church, Sasha was humble and stuck to the responsibility and bottom line of journalists: digging the truth and reporting objectively.

Regardless of occupation, the dedicated and professional women in these films make us awe.

　

Break prejudice with strength 　　

　

In a special era, women should not only cope with work pressure in the workplace, but also always fight against discrimination and defend their hard-won right to work.

　

What happened to ruth bader ginsburg, the heroine of Gender-Oriented, is also a microcosm of the unequal treatment suffered by thousands of professional women in Qian Qian in the United States in the 1950s.

She graduated first in Harvard and Columbia Law School, but she couldn’t find a job as a lawyer.

　

The boss refused her for various reasons. "Female lawyers are too emotional." We hired a woman last year. "You are so beautiful that the wife of a male colleague will be jealous."

Although she had to put her dream of becoming a lawyer on hold, Ruth never gave up fighting for women’s rights and interests with the law.

　

Until the 1970s, when the social environment was mature, she began to challenge the unequal laws involving gender discrimination with one wonderful defense after another.And eventually became the first Jewish female federal supreme court justice in American history.

At the end of the film, she said hit the floor in court: "There are 178 laws concerning gender discrimination.This will be a thorn in our children’s future road. Our children are being turned away by various opportunities because of the so-called assumption of their abilities by the law &hellip;No matter how much effort it takes, we must amend these laws one by one. "

　　

At the same time as ruth bader ginsburg, there are such a group of women in the film. Although they are superior in IQ and ability, they have to endure double discrimination because of their "black+female" status.

It takes half a mile to run to the bathroom to find a toilet for people of color; If you want to participate in training and obtain the qualification of an engineer, you must first go to court and go to court; Because of skin color and gender, promotion and salary increase have been delayed.

Faced with these tangible and intangible discrimination, they chose to fight back with courage and strength, and proved that sentence with actions."NASA hired us not because we wore skirts, but because we wore glasses."

　

It is these pioneers’ struggles and efforts step by step that make women in the space system no longer "computers in skirts" but have the opportunity to walk to the stage and enjoy the applause and respect they deserve.

　　

Gender discrimination faced by Indian women is equally heavy. In the subconscious of many Indians, women are still the accessories of men, and they can get married at the age of 14 and teach their children for life.

　

But the father played by Aamir Hussain Khan chose a completely different path for his daughter. Despite the cynicism of the people around him, he insisted on letting his two daughters practice wrestling, and finally sent them to the podium of the international competition.

　

What he said to his daughter before the game made many people cry: "If you win tomorrow, it’s not your victory alone, but the victory won by thousands of girls. They are forced to be confined to housework, and the value of their lives is only to get married and have children.Tomorrow’s game is the most important game, because tomorrow you will play not only Australian players, but also all those who despise women! "

In the comment area of "Hidden People", there is a highly praised short comment that reads: "All the equality and not-so-equality we enjoy today are the result of the struggle of countless female predecessors. Never take what you have today for granted. "

　

This is the meaning of these films, and it is also the most touching place for this group of women.

　

Regain self-confidence with independence 　　　

　

Maybe we can’t be "heroines" who change history, but we can also gain respect and confidence through a job we love.

　

In the movie, Josie, the heroine played by Charlize Theron, decided to become a female miner in order to get rid of her abusive husband.

You know, at that time, the ratio of male to female employees in American coal mines was 30: 1. Female miners not only had to bear heavy physical labor, but also endured male harassment and social strange eyes.

　

But Josie never wanted to give up. After getting her first salary, she broke down in tears: "For the first time in my life, I can earn money by myself and support my children.For the first time in my life, I feel like I’m alive."

　

This is the meaning of work for Josie. She can stand up and stop swallowing her husband’s violence and give her children a better life with her own hands.

Nicole in the movie has a seemingly perfect life, but only she knows that in order to maintain her marriage, she has gradually become the "shadow" of her husband.

　

Forgetting her taste, dreams and pursuits, Nicole confided to the lawyer:"I have never lived for myself, just making him more and more glorious."

After waking up, Nicole chose to bid farewell to this marriage that made her lose herself. In Los Angeles, she finally realized her dream of directing and found a second life in Hollywood.

　

More importantly, she realized that what she really needed to get rid of was not the marriage relationship, but the self-contempt and self-limitation.

Little Women’s most touching passage is not the happy ending and the sad and tactful love, but Joe’s persistent running figure for getting closer to his dream every time.

When the publisher agreed to publish her story for the first time, when she organized her sisters to rehearse a play, when inspiration came in and she worked hard, Joe’s eyes sparkled and his face flushed with excitement became the most beautiful splendor of the film.

　

In today’s society, the physical obstacles faced by women in the workplace are decreasing, but the intangible prejudice still exists. Marriage and family are still important criteria for many people to measure women’s "success".

　

Maybe we can’t change society overnight, but at least try not to set limits on ourselves first. Every woman has the right to pursue happiness, but happiness means more than marriage and love.

　

Only in this way, when decades of marriage once broke down, can you calmly say, like Natalie, a professor played by Hupel,"My life has not completely failed. I have a full intellectual life, which is enough to make me happy."

Or like Aunt March, played by "Aunt Mei" in Little Women, proudly said:"I don’t need to get married, because I am a giant!"

Finally, I quote the speech delivered by the Nigerian writer Chimamanda Ngozi Adiqi at the graduation ceremony of Wesleyan College in 2015, and give it to every struggling girl and woman:

　

"We may not be able to change the world, but we can try and work together to make tangible and real efforts. At least we worked so hard.

　

Never use gender as a reason to do or not do something. Never, never do or give up anything because you are a woman. "

3.8 Exclusive film list

　

Little Women

Hidden characters

Nice Crazy Heart

Never give in

Lovely you

Gender-oriented

　

May all people, regardless of gender, draw warmth and strength from it!