Commercial real estate event in June: more than 10 shopping centers such as Fuzhou and Haikou Impression City opened, and Changsha Meixi Never Sleeping City built a large-scale national tide night mar

[Policy]

Standing Committee: Ensure reasonable economic growth in the second quarter and stabilize the economic market.

On June 8, Li Keqiang, Premier of the State Council of the People’s Republic of China presided over the the State Council executive meeting, stressing that the downward pressure on the economy is still outstanding. To effectively coordinate epidemic prevention and control and economic and social development, all localities should earnestly shoulder the responsibility of ensuring the well-being of one party’s livelihood, promote the refinement and implementation of economic stabilization policies with a sense of urgency, further release the policy effect, ensure reasonable economic growth in the second quarter, and stabilize the economic market.

Since June, all parts of the country have also introduced policies to stabilize the economy and support industries. For example, Shanghai Cultural Tourism Bureau and Bank of China (601988) Shanghai Branch jointly organized "Financial Benefits for Enterprises, Revitalization of Cultural Tourism". The cultural tourism industry in Shanghai resumed and revitalized the docking between banks and enterprises, and five banks jointly granted credit of 50 billion yuan to support the recovery and revitalization of the cultural tourism industry; Guangzhou issued a package of policies and measures to stabilize the economy, including six major policies such as stabilizing investment and promoting consumption, with a total of 152 practical measures; Chengdu issued "Several Policies and Measures to Enhance Development Resilience and Stabilize Economic Growth"; Wuhan issued the "Notice on Printing and Distributing Several Measures for Accelerating Consumption Recovery and Boosting in Wuhan" and so on.

The State Council issued the overall plan for deepening the all-round cooperation between Guangdong, Hong Kong and Macao in Nansha, Guangzhou.

On June 14th, the State Council announced the "Guangzhou Nansha Overall Plan for Deepening the All-round Cooperation between Guangdong, Hong Kong and Macao Facing the World", clearly supporting Nansha to become a major strategic platform based on the Bay Area, cooperating with Hong Kong and Macao and facing the world; Optimize the business environment, and accelerate the creation of a rule-linking mechanism to dock the highlands.

Beijing has issued policies to support the transformation and upgrading of commercial entities, with a maximum amount of 5 million yuan for a single project.

On June 20 th, the Beijing Municipal Bureau of Commerce formulated and issued the "Guidelines for the Application of Quality Improvement Projects in Traditional Shopping Mall and Commercial Circle (Characteristic Commercial Street)", which clearly supports the transformation and upgrading of commercial entities, and gives a one-time reward to the project. The proportion of financial support does not exceed 4.35% of the approved actual investment; The amount of support for a single project does not exceed 5 million yuan.

Support the digital construction of commercial entities in the business circle (characteristic commercial street), and give a one-time award to the project. The proportion of financial support shall not exceed 50% of the actual investment approved; The amount of support for a single project does not exceed 2 million yuan.

Shanghai issued the key issues of optimizing the business environment in 2022. Enterprises opening new stores can be exempted from on-site inspection.

The Key Issues of Optimizing the Business Environment in Shanghai in 2022 was officially issued. By the end of 2022, the city will complete 10 key issues of optimizing the business environment, such as convenient enterprise registration and caring business services. For example, the implementation of chain food business license facilitation and the opening of new stores by enterprises can be exempted from on-site inspection.

Guangzhou Huadu: An international duty-free tourism consumption center will be basically built in 2025.

The Action Plan for Cultivating and Building an International Consumer Center City in Huadu District proposes to give full play to the overlapping advantages of the core area of air-rail integration and the duty-free tuyere to build a duty-free business circle of Guangzhou North Railway Station. By 2025, four international core business districts, namely CBD in the main city, duty-free commercial complex in Guangzhou North Station, Rongchuang Wenlv City and Shiling Fashion Consumption, will be initially built, and an international duty-free tourism consumption center will be basically built.

Tianjin issued a policy to promote night economy: it is planned to promote it from eight aspects, including enriching business forms.

The Tianjin Municipal Bureau of Commerce issued the Notice on the Key Work of Cultivating and Building an International Consumer Center City in Tianjin in 2022 to Promote the Innovation and Development of Night Economy, which made it clear that the night economy in Tianjin will be promoted from eight aspects, and the business circle effect, diversified formats, immersive experience, business travel and online celebrity night market will be connected in series to enrich the business forms of night economy.

Wuhan has built 112 convenient living circles for a quarter of an hour, and 40 newly-built and renovated community business centers.

On June 6th, Wuhan issued the "Implementation Plan for the Construction of a National Pilot City for a Quarter-hour Convenience Living Circle in Wuhan", proposing that by 2025, 112 convenience living circles will be built and 40 new community commercial centers will be built in 37 pilot communities in 12 districts of the city, with a per capita commercial area of 0.8 square meters.

[data]

The national economy showed a recovery momentum in May and is expected to achieve reasonable growth in the second quarter.

On June 15th, according to the data of the National Bureau of Statistics, the total retail sales of social consumer goods in May was 3,354.7 billion yuan, down 6.7% year-on-year. According to consumption types, the retail sales of goods in May was 3,053.5 billion yuan, down 5.0% year-on-year; The catering revenue was 301.2 billion yuan, down by 21.1%.

On the same day, the State Council Press Office said at a press conference that the national economy showed a recovery momentum in May, the economic operation was expected to further improve in June, and the economy was expected to achieve reasonable growth in the second quarter.

Beijing’s core business district rent increased by 2.1% year-on-year in the second quarter, and the vacancy rate of retail market in Guangzhou and Shenzhen in the second half of the year may be under pressure.

According to the dtz report, in the second quarter, the vacancy rate of Beijing’s overall retail market decreased by 3.6 percentage points year-on-year to 13.9% without new supply; Although the re-outbreak of the epidemic has caused the overall market turnover to decline, the impact on the rental level of the whole city and the five core business districts is relatively limited, with a decrease of 0.6% month-on-month and an increase of 2.1% year-on-year to 332.7 yuan and 386.0 yuan per square meter per month.

In the first half of 2022, the vacancy rate of Guangzhou retail market rose to 5.7%, and the average rent level of the best floor of shopping centers in the city rose slightly to 776.1 yuan per square meter per month; The overall vacancy rate of Shenzhen quality shopping center also remained at 5.7%, and the average rent of the best floor rose slightly to 860.21 yuan per square meter. Considering that the impact of the epidemic on the market is lagging behind and the demand has not fully recovered after the epidemic, it is expected that both the market rent and vacancy rate in Guangzhou and Shenzhen will be under pressure in the second half of the year.

[Project]

In June, more than 10 shopping centers nationwide opened, and two Vientiane cities in Fuzhou and Haikou were unveiled.

According to incomplete statistics, in June, more than 10 shopping centers nationwide opened, covering Beijing, Hangzhou, Chongqing, Fuzhou, Fuyang and other cities, including two Vientiane Cities in Fuzhou and Haikou, wanda plaza in Jinhua Yongkang, Baolongcheng in Jiaojiang, Taizhou, Aegean Shopping Park in Shuang Fu, Chongqing, Hangzhou Binjiang Store of Intime Department Store and other projects.

The first large-scale national tide night market "Meixi Never Sleeps City" settled in Changsha, intending to build a national night market benchmark.

On June 6th, the official micro-release of Meixi City that Never Sleeps will build a national night market benchmark in Meixi Lake International New City and the central plot of Changsha, the super central axis of Meixi Lake, and become the "Datang City that Never Sleeps" in Changsha.

The project covers a total area of about 80 mu and is located in the core area of Meixi Lake, which is located on the top of Zhongtang Station, the intersection of Metro Line 6 and Metro Line 2. Four theme areas will be set up and 150 booths will be planned for catering.

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Meixi city that never sleeps project renderings.

Lavant Lixing Center may become the first luxury shopping center in Guiyang, and more than 90 international brands have been recruited to settle in.

Lavant Lixing Center in Guiyang will officially open in 2022, and at present, more than 90 international brands have been recruited, including Louis Vuitton, Gucci, Burberry, Balenciaga, Cartier, Bulgari Bvlgari and other luxury brands.

Some analysts said that if all the above brands are opened as scheduled, Lixing Center is expected to become the first luxury shopping center in Guiyang.

Planning adjustment of "K11" complex in Shenzhen Shekou Taiziwan involves New World Art and Culture Square and parent-child shopping mall.

On June 25th, Shenzhen issued a number of planning adjustment notices, among which the construction area of Taiziwan New World Art and Culture Square Project was adjusted from 9,000 square meters to 9,110 square meters; The commercial building area of Taiziwan New World Parent-child Shopping Mall Project has been adjusted from 87,807 square meters above ground to 87,564.95 square meters above ground and 242.05 square meters underground.

The above two projects belong to the "K11" complex project in Taiziwan, Shekou, Shenzhen. The latter will be built by New World Development with an investment of over 10 billion yuan, and the whole project will be completed in stages from 2024. In business, K11 Culture and Art Shopping Center and DiscoveryPark Shopping Mall with the theme of family parenting education were introduced.

Renderings of New World Taiziwan Project

The 458-meter Chongqing Top 100 Shopping Center will open at the end of the year.

On June 18th, Chongqing 100 Building (Chongqing Luhai International Center), the tallest building in Chongqing, was capped with a total building height of 458 meters. In this building, the landmark shopping center, super Grade A office building, super five-star luxury hotel and sightseeing floor are comprehensively built.

Chongqing 100 MALL will open at the end of the year, and 70% of the investment has been completed, and the first store in southwest Galeries Lafayette and the first store in TSUTAYA BOOKSTORE, Japan’s largest chain bookstore, have been introduced.

Chongqing 100 renderings

The TOD project of China Resources Shunde is officially named "Shunde China Resources Landmark Plaza", and 130,000 square meters of Vientiane Meeting will be built.

On June 22nd, it was reported that the TOD project of China Resources Shunde was named "Shunde China Resources Landmark Plaza", and about 130,000 commercial buildings will be built by itself.

On March 2, China Resources Land won the TOD commercial and residential area of Jurong North Station on Foshan Line 3 for 3.86 billion yuan. At that time, China Resources Land revealed that it would build a 370-mu TOD station city, a 500,000-square-meter city surrounded by water, a 130,000-square-meter Vientiane business, a 35,000-square-meter cultural and sports center and a 60,000-square-meter waterfront open park.

Rendering of Shunde Huarun Landmark Plaza Project

Guangzhou Baiyun Intercity TOD project planning approval will build a two-storey business and so on.

On June 28th, the planning of Guangzhou Baiyun Intercity TOD Project was approved. The project will build 11 31-45-storey residential buildings, 5 31-33-storey office and commercial buildings, and another 2-storey commercial building.

Shanghai North Bund signed 30 key projects: the total investment exceeded 10 billion yuan, covering many fields such as commerce and trade.

On June 8th, at the meeting of signing key projects of Shanghai North Bund and optimizing business environment, Hongkou District Government signed contracts with 30 enterprises respectively to promote a number of high-quality projects to settle in Hongkou.

This time, 30 key projects were signed, with a total investment of over 10 billion yuan (4 projects above 100 million yuan), including a number of high-quality foreign capital, central enterprises and headquarters-based enterprises, covering finance, commerce, science and technology and other fields.

Chinese Real Estate plans to spend HK$ 4.196 billion to rebuild and revitalize London’s commercial flagship 120 Fleet Street.

On June 8, Chinese Real Estate announced that it would spend HK$ 4.196 billion to rebuild and revitalize its flagship project, 120 Fleet Street;, located in the core business district of London, England. And the property will be renamed Evergo Tower to commemorate the glorious history of the group’s merger with Aimeigao Group in the past. The project includes two main buildings: the commercial building RiverCourt and the two-star historical building Daily Express Building.

The demolition project of the above two main buildings is expected to start in the third quarter of this year, and it is planned to build an open pedestrian street on the underground floor to separate the originally connected River Court and the Daily Express Building, create new business opportunities for shops along Fleet Street and revitalize the whole Park Jung Su Street block.

Century Golden Flower rented Xi ‘an Daming Palace Shopping Center for 1.67 billion yuan for 20 years.

On June 17th, Century Golden Flower announced that it had entered into a lease agreement with Shaanxi Daming Palace Investment and Development to lease the commercial property of Xi ‘an Daming Palace Shopping Center. The agreed building area for rent calculation is 167,300 ㎡, and the lease period is 20 years, with a total rent of 1.67 billion yuan (including tax).

Shanghai Bailian Xijiao Shopping Center will be closed on June 15th and will be upgraded and returned next year.

From 21: 30 on June 15th, Shanghai Bailian Xijiao Shopping Center officially closed its business, and will be renovated and renovated in the form of overall closing. It is expected to be upgraded next year. After the transformation, the western suburbs of Bailian will increase the proportion of experiential merchants such as cultural and creative arts, life experience and scene socialization to meet the needs of business people in Hongqiao International Central Business District and Hongqiao Airport Economic Park, and create an organic and healthy "slow life circle".

As the first open community shopping center in China, Shanghai Bailian Xijiao opened in 2001. The project is located in xin jing, Changning District, Shanghai, with a total volume of 110,000 cubic meters and a commercial volume of nearly 70,000 cubic meters.

The old factory turned into a commercial complex, and the planning of Shijiazhuang stone coal machine industrial heritage protection zone was exposed.

On June 14th, the Natural Resources and Planning Bureau of Shijiazhuang City issued the Notice on the Publicity of the Design Scheme of the Phase I Project of Shimeiji Urban Renewal Project before Approval, which mainly involved the detailed planning of the industrial heritage protection area, and made it clear that the total land area of the Phase I project of Shimeiji Urban Renewal Project was 66,956.53 square meters. In the future, the stone coal machine industrial heritage protection zone will become an urban complex integrating shopping, catering, sports, cultural activities, youth experience activities, theme hotels and other formats and functions.

As the first batch of old city reconstruction projects that thoroughly implement the "subtraction within the second ring road", its more important significance lies in providing reference for the reconstruction of old factory areas such as Mian Yi Mian Er, Huayao, Shijiazhuang and Coking Plant with larger volume in the later period.

Project planning of the first phase of urban renewal project of stone coal machine

The starting price of the three-beat streaming auction of Dabieshan City Square in Lu ‘an is 640 million yuan.

On June 9th, the Ali asset auction platform showed that the real estate and accessories of commercial and office projects under construction in Dabie Mountain City Plaza (Jiadi MALL) in Jiading District of Lu ‘an had been auctioned, with a starting price of 640 million yuan. On March 2, the first auction of Dabieshan City Plaza in Lu ‘an was auctioned, and the starting price exceeded 800 million yuan. On April 6, the second auction of the project was aborted, and the starting price dropped to 640 million yuan.

The project has a total investment of 1.36 billion yuan and a total construction area of 300,000 ㎡. Planning Sanli Pedestrian Street, Shopping Center, Hotel Group and SOHO Office, it is planned to build a leading commercial complex of cultural tourism in Lu ‘an. The pre-sale permit for the project began in 2016, and the project was shut down for reorganization due to financial problems; After the reorganization of the project in 2019, it was impossible to resume work due to equity disputes and other issues; In August, 2021, the official announced that Lu ‘an Jiadi City Plaza was determined to be bankrupt and liquidated.

The evaluation price of the third auction of Qingdao Belle Plaza is about 333 million yuan.

At 10 o’clock on the morning of June 12, the third auction of Qingdao Belle Plaza ended in a auction again because no one bid.

In 2018, Qingdao Belle Plaza announced its closure. In 2019, the Beijing No.3 Intermediate People’s Court issued an auction announcement of some subject matter in the west area of Belle Plaza, with a selling period of 60 days; The last two were sold from April 13 to June 12, with a price of about 333 million yuan, both of which were auctioned off.

Vanke’s 2.3 billion shares in Baishizhou Old Reconstruction Project Phase III and Phase IV are the largest urban renewal projects in Shenzhen.

On June 7th, Lvjing China announced that Vanke had invested 2.3 billion yuan in the Shenzhen Baishizhou old renovation project under the company. After the subscription is completed, Vanke will hold 8% equity of Sida Industry, the controller of Baishizhou Old Reconstruction Project Company, and the equity of Lvjing China will be diluted from 100% to 92%. Vanke only participated in the third and fourth phases of the project, and distributed 20% and 80% of the profits with Lvjing China respectively.

Baishizhou Old Renovation is located in the rich area of Shenzhen Nanshan Overseas Chinese Town. It is the largest, most concerned and most representative urban renewal project in Shenzhen, with a total area of 460,000 square meters and a total capacity of 3.58 million square meters.

Kaisa’s 30 billion Dongjiaotou project has been transferred to Zhongxin City.

On June 30th, Shenzhen South Shandong Jiaotou Project was officially transferred to CITIC Chengkai, which is the largest equity item in Kaisa’s asset disposal list. The company that took over the above-mentioned projects is Shenzhen Chengkaixin Bank Investment Co., Ltd., a wholly-owned subsidiary of Western Trust, and its legal person is Liu Xing, the chairman of CITIC Chengkai Shenzhen Company.

Dongjiaotou plot covers an area of 171,800 square meters, and the original planned construction area is not less than 310,000 square meters. The latest rights and interests of this lot are nearly 30 billion yuan.

Wen LV

Beijing Universal Resort resumed operation in stages on June 24th, and the theme park was opened on June 25th.

At the beginning of June, affected by the epidemic, Beijing Universal Resort continued to be closed, and the pre-sale of tickets for Beijing Universal Studios theme park, which was originally planned to start on June 11, was postponed.

On June 23rd, Beijing Universal Resort officially announced that it will resume operation in stages from the 24th. Among them, Beijing Universal Studios Theme Park officially opened on the 25th.

Shanghai Disneyland resumed operations on June 30, and shops and restaurants resumed operations on the basis of current restrictions.

On June 10th, Shanghai Disneyland Xingyuan Park, Disney World Store and Blue Sky Avenue resumed operation.

On June 16th, it was the sixth anniversary, and Shanghai Disneyland Le Town and Paradise Hotel resumed operation.

From 7: 00 on June 29, tickets for Shanghai Disneyland will be re-sold; From 13: 00 on the same day, the admission appointment of the annual card was restarted. On the 30th, Shanghai Disneyland officially resumed operation. At the beginning of the resumption of operation, most of the scenic spots, amusement projects, entertainment performances, shops and restaurants in Shanghai Disneyland will resume operation on the basis of current restriction.

Kaisa withdrew from the western trust of Shenzhen Dapeng 30 billion cultural tourism project

On June 21st, according to the enterprise investigation, Kaisa Group withdrew its foreign investment, and the investment enterprises were Shenzhen Jiafu East Tourism Development, Zhaofude Tourism Development and Jiademeihuan Tourism Development, all of which held 51% shares before withdrawal. 51% of the shares of the three companies were taken over by Shenzhen City Kaixin Bank, a subsidiary of Western Trust.

These three companies are responsible for developing the joint venture development project of Kaisa Dapeng Xiasha, which includes Kaisa’s Jinshawan International Park in Dapeng, Shenzhen and Marriott Hotel. Among them, the sub-project Kaisa Jinshawan International Park is expected to have a total investment of 30 billion yuan, and plans to build five major venues, such as the Ice and Snow Pavilion and the Water Park. After completion, it is expected that the annual tourist capacity will reach 5 million.

Planning renderings of Kaisa Jinsha Bay International Paradise?

Zigong Fangte Dinosaur Kingdom opened on June 18th, and Fangte’s brand-new animation sci-fi theme park "Wild Continent" landed in Taizhou.

On June 18th, Sichuan Zigong Fangte Dinosaur Kingdom was opened. As the largest dinosaur theme park in China, the project has 10 large-scale indoor high-tech theme projects and nearly 30 outdoor amusement projects. The total investment of the project is 3 billion yuan, covering an area of 400,000 square meters. It is estimated that the park will attract more than 3 million tourists every year after its opening.

On June 20th, Huaqiang Fant launched a brand-new animation and sci-fi theme park brand-"Fant Wild Mainland" in Taizhou, Zhejiang. The project covers an area of more than 400,000 square meters with a total investment of 3 billion yuan; At present, the project has been fully completed, entered the joint testing stage, and is about to open for guests; It is estimated that after the official operation, it will attract more than 3 million tourists every year.

The second phase planning of Shenzhen legoland Resort was publicized, and the Shanghai Lego supporting commercial street project was signed.

On June 13th, Dapeng Administration of Shenzhen Planning and Natural Resources Bureau publicized the general plan of Shenzhen legoland Resort Project Phase II (Lego South Plaza). The second phase of the project is located in the new large area of Nan ‘ao Street in Dapeng New District, with a land area of 533,400 square meters and a construction scale of 267,000 square meters, including 186,900 square meters of amusement facilities, 14,000 square meters of commerce and 66,100 square meters of other supporting facilities.

On June 30th, the contract for the transfer of plot 01-C-01, Unit FJ010303, Fengjing Town, Jinshan District, Shanghai was successfully signed, and it was won by Binfenli Construction, with a land price of 214.25 million yuan. The above-mentioned project is located in the center of the core area of legoland, with a land area of 81,525.3 square meters. It is planned to build a commercial facility integrating entertainment, catering, leisure and culture. It is estimated that construction will start in the fourth quarter of 2022 and be open to the public in the fourth quarter of 2024.

The strategic cooperation between Haichang Ocean Park and OCT Happy Valley focuses on "Altman" IP.

On June 21st, Haichang Ocean Park announced that it had signed a strategic cooperation agreement with Happy Valley Culture, a subsidiary of OCT Group, and the two sides would cooperate in retail business. According to the agreement, Happy Valley will open its eight Happy Valley projects to Haichang Ocean Park at the same time and introduce the Ultraman Super Energy Station project in Haichang Ocean Park; Haichang Ocean Park is responsible for providing standardized ultraman super energy station products and commodities. Obviously, the focus of this cooperation lies in the IP of "Altman".

On the 27th, Haichang Ocean Park announced that Shanghai Haichang Culture, a wholly-owned subsidiary of the Group, had recently signed a license agreement with Shanghai Xinchuanghua, concerning the use of the "Altman" series of works in the national paid scenic spots to carry out the project of the Altman Energy Station.

Land

The first batch of 36 plots of land in Shanghai collected 83.47 billion yuan for investment and Shekou (001979) collected 16.945 billion yuan for 4 plots.

On June 8, 2022, the first batch of centralized land supply in Shanghai closed, and a total of 36 plots were successfully sold, with a total turnover of 83.47 billion yuan. Among them, China Merchants Shekou seized 4 plots, ranking first in the number of land acquired, spending 16.945 billion yuan.

Shanghai Yangpu Riverside 2.526 billion yuan to sell commercial land requires the introduction of the first store, flagship store and so on.

On June 24th, Mengxiang Qiangyin Culture Communication, together with Shanghai Yangpu Riverside Investment and Development and Lianke Shenhuo Network Technology, won the bid for plots M1-04, M2-01 and M3-01 of Unit N090603 in Dinghai Community, Yangpu District (block 85 of Daqiao Street).

The transfer area of the plot is 42,447.9 square meters, which requires the active introduction of the first store and flagship store, and the overall layout of the business should be made in combination with the business travel service needs of the public areas along the riverside.

The starting price of a commercial land in the starting area of Guangzhou Tianhe Financial City is 1.316 billion yuan.

On June 22nd, the plot AT091002 in the starting area of Guangzhou Tianhe Financial City was put up for sale. The total area of the plot is 5,336.94m2, and the initial listing price is 1.316 billion yuan. The purpose is that commercial land B1 is compatible with commercial land B2; The transfer period is 50 years for comprehensive or other land use, and 40 years for commercial, tourism and entertainment land use.

According to the transfer conditions, the industrial format of the developed project needs to be financial industry and scientific research and development; Total investment of the project 4 billion yuan.

Vanke’s 4.693 billion yuan bid for the "best plot" of the second centralized soil auction in Dongguan requires the construction of 30,000 cubic meters of commercial property.

On June 24, in the second batch of centralized land supply in Dongguan, Vanke won the Guangfa South plot in Nancheng Street for 469,330,300 yuan.

This parcel is in the planning category of "one heart, two axes and three areas" in the central city, with a construction area of 226,968.61 square meters, and the land use is R2 second-class residential land +C2 commercial and financial land +C3 cultural land; It is required to build a commercial property with a floor area of not less than 30,000 square meters free of charge, and the cultural house and the remaining commercial house after free construction are 100% self-sustaining.

Capital

Wanda Commercial’s US dollar debt due in July 2023 rose to 78.5 cents, the biggest increase in two months.

On June 7, Wanda Commercial’s US dollar bond "DALWAN6.87507/23/23" with a coupon of 6.875% due in July 2023 was the biggest increase since March 31, with an increase of 1.4 cents to 78.5 cents per US dollar.

Sun Hung Kai Properties set another record! Signed a HK$ 20.7 billion loan linked to sustainable development performance.

On June 15th, Sun Hung Kai Properties signed a five-year sustainable development performance-linked loan agreement with 16 major international and local banks. This syndicated loan was oversubscribed by more than four times, and the final total loan amount reached HK$ 20.7 billion, which is the largest sustainable development performance-linked loan in Hong Kong’s real estate industry.

Last November, Sun Hung Kai signed a HK$ 8.65 billion sustainable development performance-linked loan, setting a record for the Hong Kong market at that time.

New World Development plans to issue PNC3 USD green and sustainable capital security with an initial guide price of 6.50%.

On June 8th, New World Development plans to issue Reg S, a USD-denominated guaranteed perpetual capital security with an initial guide price of 6.50%.

China Resources Group reached a comprehensive strategic cooperation with Industrial Bank (601166), which provided an overall credit of not less than 70 billion yuan.

On June 10th, Industrial Bank and China Resources Co., Ltd. signed a comprehensive strategic cooperation agreement, intending to provide China Resources Group with an overall credit of not less than 70 billion yuan to jointly promote in-depth cooperation in industrial finance.

Hangzhou Xiaoshan Wanxianghui 2.082 billion yuan ABS successfully issued is the first phase of China Resources Land Wanxianghui 8 billion yuan ABS.

China Resources Land, as a liquidity support institution, maintenance promise and preemptive right holder, successfully issued the "CITIC Jinshi-China Resources Land Vientiane Phase I Asset Support Special Plan" in Shenzhen Stock Exchange. The storage scale of the project is 8 billion yuan, the first phase is 2.082 billion yuan, and the target property is Wanxianghui, Xiaoshan, Hangzhou.

Hesheng Commercial 3.7 billion yuan ABS received feedback from Shenzhen Stock Exchange.

On June 29th, Shenzhen Stock Exchange disclosed that the project status of Bohai Huijin-Hesheng Commercial Property Asset Support Special Plan was updated to "Feedback". The bond category of this issue is ABS, and the proposed issue amount is 3.7 billion yuan.

Su Gaoxin Yongwang Mengle City 1.3 billion yuan ABS received feedback from Shanghai Stock Exchange.

On June 15th, the Shanghai Stock Exchange disclosed that the project status of Huajin Securities-CITIC Securities (600030)- Su Gaoxin AEON Mengle City Asset Support Special Plan was updated to "Feedback". The bond is ABS, and the planned issuance amount is 1.3 billion yuan.

1.1 billion yuan ABS of Chengdu Heshenghui Plaza received feedback from Shanghai Stock Exchange.

On June 24th, the Shanghai Stock Exchange disclosed that the status of Chengdu Heshenghui Plaza asset support special plan project has been updated. The project is issued by ABS, with a planned issuance amount of 1.1 billion yuan.

[enterprise]

Annual Report of Leading Exhibition: Hong Kong’s property income rose against the epidemic, and the rent of Shanghai Vanke Qibao Plaza rose the fastest.

According to the annual performance report of the Leading Exhibition House Trust as of the end of March 2022, the company’s income and net property income increased by 8% and 6.5% year-on-year respectively to HK$ 11.602 billion and HK$ 8.776 billion.

Among them, the rental income of retail properties in Hong Kong was HK$ 6.223 billion. Although the COVID-19 epidemic in The 5th Wave brought challenges to Hong Kong businesses in early 2022, the retail rental rate in Hong Kong increased from 96.8% to 97.7%. The rental income of retail properties in China Mainland was 1.061 billion yuan, and five wholly-owned properties in the Mainland still recorded an 8.8% renewal rent adjustment rate, among which the renewal rent adjustment rate of Shanghai Qibao Vanke Plaza was as high as 27.5%.

The growth of retail sales of leading merchants and the ratio of rent to sales are taken from the annual report of leading merchants.

From January to May, Xincheng Holdings’ total business income was 3.9 billion yuan, and its rental income in May was 722 million yuan.

On June 9, Xincheng Holdings (601155) released its business briefing in May, showing that the company’s total business income from January to May was 3.9 billion yuan; In May, the rental income was 722 million yuan (including rent, management fees, parking lots, diversified businesses and other sporadic management fees).

Yuexiu Real Estate Fund is expected to reduce the total rent for some tenants by 80 million yuan, accounting for 4.5% of the annual income in 2021.

On June 10th, Yuexiu Real Estate Trust announced that it would provide temporary rent relief to several tenants of office buildings, retail malls and wholesale malls held by the company. It is estimated that the total rent relief will be 80 million yuan, accounting for about 4.5% of the company’s total revenue in 2021.

Baolong Commercial terminated its acquisition of Building 7 of Shanghai Bao Yang Baolong Plaza.

On June 6th, Baolong Commercial announced that it was difficult for the Group to obtain the consent of the lessee for taking back the vacant possession of the property for its own use after the completion of the transaction, and in view of the current market environment and recent fluctuations in the capital market, it was decided to voluntarily terminate the transaction under the agreement.

On May 11th, Baolong Commercial announced that it planned to acquire an office building in Shanghai from Baolong Holdings at a cost of 868 million yuan.

Xuhui Commercial announced the full opening of light asset cooperation, and Xuhui Group adjusted some regional organizational structures from July 1.

On June 20th, Xuhui Commercial announced that it would start the light asset cooperation in an all-round way, including entrusted management, operating income sharing, joint venture and co-creation, focusing on Shanghai, Beijing, Chengdu, Changsha and other core cities, and Shanghai will be the key city for Xuhui Commercial to break through the light asset business.

Xuhui will adjust the organizational structure of some regions from July 1, and the Henan business department will be adjusted to Zhengzhou City Company and merged into Huazhong Regional Group; Guangxi Division was reorganized into Nanning City Company and merged into Southeast Regional Group; Fuzhou City Company and Xiamen City Company are integrated into Fuxia City Company.

China Shipping Real Estate launched a new round of organizational restructuring, and the first list of the four major regions was released.

On June 30th, it was reported that China Overseas Real Estate was quietly launching a new round of organizational restructuring:

Regional companyOn the other hand, the North China region merged with the North China region to establish a new North China regional company; Qingdao City Company and Yantai City Company, which originally belonged to the northern region, were included in the East China region, and the platform in the northern region was directly cancelled; Zhengzhou Company, Wuhan Company, Taiyuan Company under the jurisdiction of North China Region and Changsha Company under the jurisdiction of South China Region merged into the western region of China Shipping and established a new regional company in the central and western regions.

City companyOn the other hand, Changchun City Company merged with Harbin City Company to form Changchun District Company; Guangzhou City Company merged with Foshan City Company to form Guangzhou District Company.

Personnel aspectIt has also been adjusted accordingly. The newly released list of the top four districts is: Cheng Xin is in charge of North China, Liu Huiming is in charge of East China, Liu Changsheng is in charge of Central and Western China, and Liu Xianyong is in charge of South China; Li Yingjun, the former head of the western region, was transferred to East China and reused; Xue Fei, the former head of investment in the northern region, was transferred to the new central and western region to continue to manage investment.

Vanke Shareholders’ Meeting: Yu Liang delivered the industry confidence goal and fulfilled the promise of stabilizing this year’s performance.

On June 28th, at Vanke’s 2021 shareholders’ meeting, Chairman Yu Liang gave three key words: the short-term market has bottomed out, the market recovery is a slow and gentle process, and enterprises concentrate on doing their own thing. No matter how difficult the future road is, there will be opportunities if we go on, and the real estate industry will still make due contributions to the country.

President and CEO Zhu Jiusheng made it clear that he would use more active sales and more specific responses to fulfill his promise to stop falling and stabilize his performance this year.

Hongyang responded to the evacuation from Shanghai: the headquarters has been in Nanjing, but some employees are working in Shanghai.

On June 10th, in response to the news that "Hongyang Real Estate, which started in Nanjing, is officially preparing to move back to the base camp, and will end the dual headquarters strategy of Shanghai and Nanjing", Hongyang Real Estate said that its headquarters has been in Nanjing, but there are still employees working in Shanghai.

Mo Bin, president of Country Garden, denied that before the end of the year, the company had no plans for large-scale regional merger.

Since April, the real estate circle has been spreading that Country Garden will undergo a large-scale regional merger.

At Country Garden’s monthly management meeting in June, in response to the above news, Mo Bin, president of the company, denied that Country Garden had no plans for large-scale regional merger before the end of this year.

China Evergrande said that it would strongly oppose the liquidation petition, and it is expected that the petition will not affect the reorganization plan or timetable.

On June 20th, Evergrande Group, Evergrande Property and Evergrande Automobile announced that all three companies had received the resumption guidelines issued by the Hong Kong Stock Exchange on the 15th. Evergrande Group also indicated that it is actively promoting the restructuring work. As announced by the company on January 26th, it is expected that the initial restructuring plan will be announced before the end of July.

On June 24th, a company located in Samoa Island in the Pacific Ocean (601099) filed a liquidation petition with China Evergrande Group in the Hong Kong High Court. The petitioner is represented by Lian Haomin, a strategic investor of Evergrande’s RV Bao. This petition involves the financial obligations of Evergrande amounting to HK$ 862.5 million; The hearing is scheduled for August 31.

On June 28th, China Evergrande announced on the Hong Kong Stock Exchange that it would strongly oppose the petition. It is expected that the petition will not affect the company’s restructuring plan or timetable, and it is planned to announce the preliminary plan for overseas debt restructuring before the end of July.

[personnel changes]

Wanda Real Estate: Zhang Lin took over Qi Jie as the chairman and Huang Guobin as the new director and general manager.

On June 12, according to the enterprise investigation, the main members of Wanda Real Estate Group Co., Ltd. changed, Zhang Lin was adjusted from director and general manager to chairman, and Qi Jie resigned as chairman; Huang Guobin was added as director and general manager.

Hongyang Real Estate: CEO Yuan Chun resigned as Chairman of the Board of Directors and Zeng Huansha took over.

On June 30th, Hongyang Real Estate announced that Yuan Chun had resigned as executive director and chief executive officer because he would allocate more time to personal affairs. At the same time, Zeng Huansha, Executive Director and Chairman of the Board of Directors, has been appointed as the Chief Executive Officer.

Leading exhibition: Tan Chengyin is the chief enterprise development president, and Zhu Haiqun is the managing director of China Mainland.

On June 1st, the manager of the REIT announced the appointment of three senior managers: Tan Chengyin as the chief enterprise development president, Zhu Haiqun as the managing director in China Mainland and Lin Dingbang as the chief investment director (strategic investment).

Wen Jiebang, vice president of Longhu Group, was in charge of Longhu’s innovative business before leaving the company.

On June 14th, Wen Jiebang, vice president of Longhu Group, left his post. He was mainly responsible for Longhu’s innovative business.

Wen Jiebang is a Ph.D. student from Zhejiang University. After graduation, he joined the "official student" system in Longhu, and served as vice president of Longhu Group and general manager of Longhu Shanghai Company.

Shimao Group: Appointed Executive Director and Vice President Lu Yi as CEO.

Shimao Group announced the appointment of Lv Yi, executive director and vice president of the company, as the CEO, which will take effect on June 23rd. At this point, Lu Yi will be the executive director and CEO of Shimao Group.

Kerry Construction: Lan Xiulian, Executive Director and Chief Financial Officer, resigned and Qu Qinglin temporarily took over.

On June 30th, Kerry Construction announced that Lan Xiulian, executive director and chief financial officer, resigned, which will take effect on August 31st. Before the new chief financial officer takes office, the deputy chief executive and executive director, Mr. Qu Qinglin, will temporarily take over.

Lin Longan, Chairman of the Board of Directors of Yuzhou Group, resigned as his wife and Guo Yinglan took over.

On June 24th, Yuzhou Group announced that Lin Longan had resigned as Chairman and CEO of the Board of Directors due to the adjustment of work arrangement. At the same time, Lin Longan’s wife Guo Yinglan was appointed as the chairman and CEO of the company.

He Jingtai Fu has joined a group of famous enterprise managers: Tang Yang, general manager of North China, and Yang Lin, general manager of Shenzhen. …

He Jingtai Fu recently joined a group of famous enterprise managers: On June 14th, He Min, who served as the vice president of Longhu Group Marketing Center, became the new general manager of He Jingtai Fu Group Marketing.

On June 13th, Tang Yang, who served as general manager of Longhu Sunan Company and co-general manager of Hesheng Chuangzhan Commercial Construction Company, became the new regional general manager of Hejingtai Fuhua North China; Yang Lin, who has served as vice president of Country Garden Shenzhen and Hongyang Guangdong Company, is the new regional manager of Hejing Taifu Shenzhen.

At the end of May, Yang Baogang, vice president of Longhu Group Engineering, joined Hejing Taifu as the general manager of the Group Engineering Center.

At the end of March, Gao Wei, an official student from Longhu, joined Hejing Taifu as the general manager of Southwest China.

Liu Wensheng, Deputy General Manager of Poly Development, resigned

On June 17th, Poly Development announced that Liu Wensheng applied to resign as the deputy general manager of the company due to work adjustment.

Zhou Qing, former CEO of Shangkun Group, joined Zhongnan Group’s brand-new entrepreneurial platform.

On June 22, it was reported that Zhou Qing, the former CEO of Shangkun Group, had joined the new entrepreneurial platform of Zhongnan Group at the end of May this year.

The platform is controlled by Zhongnan Group, with Zhou Qing as the legal person and chairman, which is more like opening a new entrepreneurial road for real estate executives.

Kaisa Group: Wu Jianxin resigned as CFO and Luo Tingting succeeded him.

On June 20th, Kaisa Group announced that Wu Jianxin had resigned as chief financial officer to devote more time to personal affairs. Luo Tingting has been appointed as the chief financial officer.

Haichang Ocean Park appointed Jin Minhao as the president of the Asia-Pacific region, and the latter successively served as the president of Wanda Theme Entertainment.

Haichang Ocean Park announced the appointment of Jin Minhao as the president of the Asia-Pacific region of the Group (except Chinese mainland), effective from June 15th. He will be fully responsible for the expansion, operation and management of the Group’s business in Asia and the landing of intellectual property business.

Jin Minhao has rich management experience in the cultural tourism industry, and has served as the chief executive of Hong Kong Disneyland and the president of Wanda Theme Entertainment Co., Ltd..

Image source: Unless otherwise specified, all of them are from Win Business Network or the official of the enterprise/project.

Content sources: Yingshang.com, Real Estate People’s Talk, Beijing Municipal Bureau of Commerce, Viewpoint.com, Leju Finance, Chengdu Publishing, Interface, Tao Ge Miscellaneous Talk, The Paper, Xinhuanet (603888), Lu ‘an News Network, Time Finance, Wenlv, China Daily, Chengdu Publishing, Real Estate Management, Fujian Daily, Yangguang.com, Time Weekly, Tao Ge Miscellaneous Talk, Fashion Business Daily.

(Editor: Zhou Wenkai)

Announcement No.1 of the National Health and Wellness Commission: Revealing important information about the prevention and control of "novel coronavirus"

  CCTV News:

January 20 th

The National Health and Wellness Commission issued Announcement No.1.

Include pneumonia infected in novel coronavirus.

Class B infectious diseases stipulated in the Law of People’s Republic of China (PRC) on the Prevention and Control of Infectious Diseases.

And take measures to prevent and control Class A infectious diseases.

Include pneumonia infected in novel coronavirus.

Management of Quarantine Infectious Diseases as stipulated in the Frontier Health and Quarantine Law of People’s Republic of China (PRC)

 

our countryClass a infectious diseasesThere are only two kinds: plague and cholera.

  beforeIncorporate into Class B infectious diseases and adopt Class A management.There are:

Infectious atypical pneumonia (SARS)

Pulmonary anthrax in anthrax

Human infection with highly pathogenic avian influenza

  Answering Bai Yansong’s Eight Questions Zhong Nanshan put forward three "keys"

  Prevention, don’t go to Wuhan without special circumstances, this is very important.

  Wearing a mask is still useful. Actually, you don’t have to wear N95.

  Early detection and early treatment should prevent transmission and prevent the emergence of "super communicators".

  [Name card] Zhong Nanshan, head of the high-level expert group of the National Health and Wellness Commission, academician of the China Academy of Engineering, national clinical research expert on respiratory diseases, and a leading figure in the fight against atypical pneumonia in China in 2003.

  Summary of some Q&A records:

  Bai Yansong: How can you tell it’s from person to person?

  Zhong Nanshan: According to the current data, it must have been passed down from person to person. In Wu Hanyou, two patients in Guangdong have never been to Wuhan, but after their families went to Wuhan, they were infected with novel coronavirus, so now they can.There must be a phenomenon of human transmission..

  Bai Yansong: What should we do from the perspective of medical experts, including the whole medical system? How should ordinary people guard against it?

  Zhong Nanshan: The key points,One is prevention. Don’t go to Wuhan without special circumstances. This is very important.. If you feel sick or catch a cold, you should go to the local fever clinic and check if necessary. Wear a mask if you are uncomfortable.Wearing a mask is still useful. Actually, you don’t have to wear N95.. Because these viruses do not exist alone, they often exist in droplets. General surgical masks can still block most of them, and wearing masks is still useful.

  Bai Yansong: What symptoms do ordinary people have to go to the hospital for treatment? Is it a fever?

  Zhong Nanshan: Because there are more flu in winter, it is not enough to have a fever. One isI have been to Wuhan or there are people from Wuhan at home.This is a premise. Besides, I have a fever, so I should be on my guard.You must go to the fever clinic. At the same time, do nucleic acid testing when necessary..

  Other important information:

  Novel coronavirus’s infection has just started and is climbing at the same time, so compared with SARS at that time, it is not so infectious and toxic.

  The current mortality rate cannot be comprehensive, and I am afraid it depends on the development of the disease. We should be vigilant on this issue.

  Preliminary epidemiological analysis shows that it is actually transmitted to people through wild animals, which is quite possible. But there is still the phenomenon of human-to-human transmission, which is the time for us to be vigilant.

  From all aspects of epidemiological investigation, it is more likely that the virus comes from a wild animal, such as bamboo rats and badgers.

  There is no specific medicine in novel coronavirus at present, but some animal experiments and observations are being carried out now, so scientific research should keep up. During the Spring Festival, it is estimated that the number of sick people will increase, so it is necessary to prevent transmission and prevent the emergence of "super communicators".

  On the afternoon of 20th, in response to the prevention and control of "pneumonia epidemic in novel coronavirus", Academician Zhong Nanshan, the head of the high-level expert group of the National Health and Wellness Commission, and others answered a reporter’s question, saying that "super communicators" had not appeared yet, and prevention and control in advance was effective.

  Virologists: The key point should be to prevent the emergence of "super communicators"

  Zhong Nanshan: At present, there is no "super-disseminator" in the SARS epidemic 17 years ago. Timely isolation of suspicious patients and close contacts can effectively prevent the spread of the epidemic.

  Guan Yi: After a period of development, the ability to spread the virus will be improved. At a certain level, some special cases will appear in the crowd, and a large number of viruses will be carried, forming a "super communicator". We should find advanced communicators and super communicators as soon as possible, and especially try to prevent the emergence of super communicators.

  On January 21st, "News 1+1" continued to connect with Zhou Xianwang, Mayor of Wuhan, Gao Zhancheng, a member of the expert group of the National Health and Wellness Commission, and Wang Bin, deputy director of the CDC of the National Health and Wellness Commission, to answer your questions.

  Incubation period of virus: the average is about 7 days, and the longest is 12 days

  Gao Zhancheng: In 2003, it will take about half a year to locate the SARS virus. existNovel coronavirus will be confirmed within two weeks.This provides scientific basis and guidance for the research and development of antiviral drugs and vaccines.

  Gao Zhancheng: Judging from the existing cases, (incubation period of the virus)The average is about 7 days, ranging from 2 to 3 days short to 12 days long..

  How to distinguish the common cold from novel coronavirus infection, and under what circumstances do you need to see a doctor?

  Gao Zhancheng: According to the existing cases, the main symptoms are fever, low fever or even high fever; Mainly dry cough; Shortness of breath and chest tightness after three or five days; Some patients will have symptoms of respiratory failure and shock. Remind everyone,Anyone who has fever symptoms should seek medical attention in time, especially those who have been exposed to cases, and seek medical attention as soon as possible..

  [popular science connection]

  Enough science: fever, cough to the hospital? Don’t worry yet! Read these three before you act.

  Enough science: by the way, is it useful to wear a mask? Everything I want to know about novel coronavirus is here.

  Popular science enough: Will novel coronavirus bats "lie" this time?

  (Source: official website of National Health and Wellness Commission, official website of Health Emergency Office, news 1+1, etc.)

Lantu’s bosom friend test drive activity ended in Shanghai, and Lantu’s monthly sales achieved "four consecutive increases"

  Shanghai Stock Exchange ChinaNetwork News (Reporter Yu Liyan) The "Control · See Friend Lantu Friend Test Drive Experience" event ended in Shanghai a few days ago. The test drive route from downtown Shanghai to Dishui Lake is about 100 kilometers one way. The route covers a variety of road conditions and driving scenarios such as urban roads, urban expressways, expressways and scenic roads around the lake. During the period, Lantu Friend Show the R & D strength of the new car in Sandian, smart driving, cockpit and other aspects.

  Lantu Automotive’s R & D personnel introduced that Lantu’s confidant is positioned in the high-end pure electric SUV market, mainly for young family users. Relying on the new pure electric platform independently developed, Lantu Automotive integrates high-efficiency electric drive systems and high energy density, to build a set of intelligent architecture. Lantu bosom friend has the first-in-class 901 kilometers battery life, matching 109kWh super, millions of kilometers is less than 8% attenuation rate. Full-stack self-developed 800VPlatform, the efficiency of electric drive conditions reached 92.5%, reaching the industry’s first. In terms of charging speed, 5C overcharging technology can achieve a 15-minute battery life increase of 515 kilometers, ranking at the industry’s leading level.

  In the ever-changing road conditions of urban expressways, the CDC adjustable damping suspension system mounted by Lantu Zhiyin can respond quickly to sudden acceleration, rapid deceleration, and emergency merging and turning operations, effectively suppressing the vehicle’s pitch and roll phenomena, ensuring the stability of the vehicle in various driving operations.

  On September 1, Lantu Automobile announced the delivery data for August 2024. In August, Lantu Automobile delivered 6,156 new cars, an increase of 54% year-on-year. From January to August 2024, a total of 42,547 vehicles were delivered, an increase of 90% year-on-year.

  Regarding the "four consecutive increases" in monthly sales of Lantu Automobile, Lu Fang, CEO of Lantu Automobile, said: "In an era of intense competition, Lantu Automobile adheres to the original intention and mission of user-based technology enterprises, believes in’Hualu is the top ‘, and continues to accelerate product iteration and upgrading, achieving a’four consecutive increases’ in monthly sales. As the peak sales season of gold, nine, silver and ten is approaching, Lantu Automobile is confident to attack higher sales and achieve the annual sales target."

2022 Mercedes-Benz GLE450 riders evaluate 750,000 price is very fragrant

  2022 Mercedes-Benz GLE450 (Configuration | Inquiry) Detailed configuration: Mercedes-Benz GLE450 22 7-seat, luxury bag, sports bag, intelligent driving bag, metallic paint, 7-seat, luxury bag, sports bag, driver assistance bag, third-row seat bag, calfskin, pedal, front windshield heating, black inner top, luxury bag: Voice of Berlin, foot-sensitive tail, keyless entry, one-button start, rapid heating of front seats, heating of front armrests and upper door panels, second-row seat heating, ring shadow, sports bag: AMG sports surround, 20-inch AMG5 spoke hub, driver assistance bag: intelligent pilot range function (lightning test), active steering assistance system, avoidance steering assistance system, active braking assistance, cross traffic function, active emergency braking assistance Active blind spot assist, active merge assist, preventive safety system enhancement, active driving assistance system, active lane keeping assist, third row seat package: third row seat, electrically adjustable second row seat, third row dual USB interface, single choice: calfskin, pedal, front windshield heating, black inner top.

  It is very important for the Mercedes-Benz GLE450 to adhere to the classic feelings, and it is also very important to make a drastic change. Many people around me have chosen other models because of the old GLE’s old and lackluster interior, so this replacement interior change is imminent. Compared with the old model in the new generation GLE, the change can be described as very thorough. The addition of dual screens and the trend of central four air conditioners has brought more technological atmosphere in the car in addition to the usual luxury. The wrapping center console strikes a good balance between sports and luxury. The center console is wrapped in high-end soft materials, and there is also a stitching process and a large area of wood grain veneer to embellish.

  The 22 Mercedes-Benz GLE450 models are equipped with high-end leather-wrapped seats, providing unquestionable comfort and softness. The second-row space is also very abundant, with a large leg gap. The second-row independent electric seat adjustment makes it easy for the occupant to operate without making the occupant feel crowded and tired. It is the first model for family cars.

  Solemnly promise: All models purchased in this company are imported with original equipment, without private modification, and can provide regular goods import certificates, vehicle consistency certificates, imported motor vehicle inspection sheets, and regular invoices issued by the state-recognized customs to ensure normal settlement in all regions of the country. At the same time, all vehicles of our company can enjoy the national mandatory three-year 100,000-kilometer quality assurance, so that you can buy comfortably and use with confidence.

  At the same price, there are more imported cars than 4S shop cars.  

  2 Equivalent configuration, imported cars are cheaper than 4S shops.

  The quality of imported cars is better than that of 4S shops. 

  4 All models are bare car prices, and our company does not require any other expenses (insurance, decoration).  

  5 Parallel imported mortgage car purchases can be done nationwide, details of the ITU. 

  6 Signing a contract with our company has legal benefits, the procedures are normal, and the car can be picked up at any time. Continue normally and pick up the car at any time.

  Car purchase triple guarantee   

  The first guarantee: the original regular commodity car, to ensure that the new car is not a repair car, and the modified car.   

  The second guarantee: to ensure the quality, the manufacturer has done professional testing for each car before leaving the factory.   

  The third guarantee: the procedures on the day of purchase are taken away with the car (close the ticket, commodity inspection, consistency certificate, electronic information QR code)

  Dealer Name: Tianjin Tengyuande Automotive Trading Co., Ltd.

  Dealer address: Hall B, International Automobile City, Tianjin Port Free Trade Zone

  Dealer Tel: 17726039870 (with WeChat) Manager Liu

  Disclaimer: The above car purchase discount information is provided by the comprehensive dealer of this website. Due to market factors, the price fluctuates greatly, and it is only for the reference of car purchase. Its authenticity, accuracy and legality are the responsibility of the dealer. This website does not provide any guarantee and does not assume any legal responsibility.

Xu Jiayin enters the end game

Writing | Liu Xingzhi

Editing | Wang Jing

At the age of 64, Xu Jiayin ushered in the most difficult Mid-Autumn Festival in his life.

On the evening of September 28, China Evergrande (03333.HK) announced that the company had received a notice from the relevant departments that Xu Jiayin, the executive director and chairperson of the board of directors, had been taken compulsory measures according to law on suspicion of illegal crimes.

At 9 a.m. that day, China Evergrande, Hengda Automobile, and Hengda Property were temporarily suspended from trading on the Hong Kong Stock Exchange. The evening announcement said that China Evergrande shares would continue to be suspended until further notice.

Xu Jiayin’s last public speech was at the Hengda Football Club management meeting on July 4 this year. Recently, there were rumors that Xu Jiayin was absent from the Hengda regular meeting, which was chaired by Sean, the company’s CEO and executive director.

Before this announcement, Xu Jiayin’s own whereabouts and status were always confusing; and since the "thunderstorm", the entire Hengda has also been in a state of "Schr?dinger’s cat", and any good news about it is often followed by a bad news. In July this year, Hengda reissued its 2021 and 2022 financial reports, and in August, Hengda Automobile officially announced a financing, but then it was exposed that Xu Jiayin had married and Hengda had filed for bankruptcy.

Xu Jiayin

In fact, the outside world is not surprised by Xu Jiayin’s investigation. Since the beginning of this year, a number of Evergrande executives have been detained, the most recent being Zhu Jialin, the former chairperson of Evergrande Life Insurance.

Today, Evergrande, as its name suggests, has become one of the greatest sources of instability that continue to affect confidence in the real estate market.Among other top real estate companies, Sunac is one step away from the success of overseas debt restructuring. Country Garden has just completed the extension of domestic debt, but Evergrande has delayed it again and again. Finally, on September 22, it announced that "the relevant agreement arrangement meeting originally scheduled for September 25 and September 26 on the proposed restructuring will not be held."

In terms of policy, there have been frequent positive developments in the housing market recently, and "recognizing houses but not loans" has blossomed in various places. Guangzhou has fired the first shot of some first-tier cities to liberalize purchase restrictions.

However, Hengda is a constant source of bad news.

An industry insider who did not want to be named told the box lunch financial analysis that the most important issue for Evergrande at present is still the "protection of Jiao Lou", so the final outcome of Xu Jiayin and other senior management teams may not be settled until all parties reach a consensus on the protection of Jiao Lou and other issues.

This may mean that with the introduction of a series of policies, the risk disposal of leading real estate enterprises has made progress, and the final fate of Evergrande is entering the countdown.

01

Speculation about the fate of Evergrande’s executives began last year.

In the middle of last year, Xia Haijun, the former chief executive of Evergrande Group, traveled to Hong Kong on the grounds of dealing with overseas debts. Since then, his whereabouts have been completely unknown. Some say he is in Canada, others say he is in Australia, and more people believe he has gone to the United States.

Before Hengda’s thunder, Xia Haijun had long held the "No. 2 position" in Hengda, known as the "working emperor in the real estate industry". Although he was a "part-time worker", Xia Haijun, who was around Xu Jiayin, was obviously better informed. He sold his holdings of Evergrande dollar bonds and Evergrande stocks before Hengda’s thunder, accumulating more than 1 billion yuan.

On September 26, some media said that Xia Haijun and Pan Darong, the former chief financial officer of Evergrande, had been detained or taken away by the police, but some industry insiders questioned this. "Isn’t he in the United States?" the person said. "Of course it doesn’t matter where he is, and you can’t run away if you really want to catch him."

In addition to Xia Haijun, the whereabouts of several other important executives in Hengda are relatively clear.

In January this year, Ke Peng, the former CEO of Evergrande, was taken away by the police for investigation due to his involvement in Hengda’s old reform in Shenzhen, becoming the first Hengda executive confirmed to be behind bars.

The old renovation project is still the most important "ballast stone" of Evergrande, and there are many interests involved. According to Evergrande’s financial report, as of June 30, 2023, the company has a land bank of 190 million square meters and participated in 78 old renovation projects, including 55 in the Greater Bay Area (34 in Shenzhen) and 23 in other cities.

After half a year of calm, on September 16, Hengda Wealth General Manager Du Liang and other suspected criminals were taken criminal coercive measures by Shenzhen Public Security; five days later, on September 21, there were media reports that Zhu Jialin, the former chairperson of Hengda Life, was taken away for investigation.

Xu Jiayin enters the end game

Hengda Fortune and Hengda Life Insurance are the two most important pieces of Hengda’s financial map, and they are also Xu Jiayin’s "money bag".

Since August 2021, Hengda Wealth has experienced difficulties in redeeming. Xu Jiayin also shouted at the time, "I can have nothing, but the investors of Hengda Wealth cannot have nothing."

But Xu Jiayin reneged on his promise. On August 31 this year, Evergrande Wealth issued a document saying that because the asset disposal was not as expected, it did not obtain the asset disposal funds and could not carry out the payment in the month. With the arrest of Du Liang and others, whether Xu Jiayin "has nothing" may come to a conclusion.

As for Hengda Life, the day before Du Liang’s arrest, the China Banking and Insurance Regulatory Commission had approved Haigang Life to take over its insurance business and corresponding assets and liabilities. Referring to the previous investigation process of "Anbang Department", with the takeover of Hengda Life, it will also be clear whether there is a "trick" in Hengda’s operations before the thunderstorm.

So far, although it is still doubtful whether Xia Haijun and others have been controlled, Hengda’s old reform and financial traders have been controlled by relevant departments, and Xu Jiayin has been forced to take coercive measures. The regulatory authorities’ disposal of Hengda has entered the final stage.

In addition, it is worth noting that on the evening of August 14, the introduction of Xu Jiayin’s wife Ding Yumei in the notes to Evergrande’s announcement changed from "Mrs. Xu" to "Ms. Ding Yumei". With the progress of Evergrande’s disposal, the hidden feelings behind this marriage may also come to light.

02

Under the drastic changes in the fortunes of the core personnel, Evergrande’s business has also been affected.

Of course, for Evergrande, whose total liabilities 2.40 trillion, it is difficult to make any progress in the specific business. Evergrande’s most important "business" before is workout.

But it is precisely because Hengda’s debt hole is too large and difficult to return, and it is also difficult to promote the workout business. Since the beginning of this year, except for a few positive times, Hengda has faced the debt problem in a "flat" way.

According to public information, as of the end of July, Hengda Real Estate involved more than 30 million yuan in pending litigation amounts totaling 437.743 billion yuan, due unpaid debts of 2775.01 billion yuan, and overdue commercial tickets totaling 207.50 billion yuan. At present, Hengda Real Estate has more than 600 pieces of information on the person subject to execution, and the total amount of execution exceeds 55.70 billion yuan. In addition, there are many restrictions on consumption orders, dishonest persons subject to execution (Lao Lai) and final case information.

Under such pressure, on the evening of July 17, Evergrande reissued its 2021 and 2022 annual reports, which had been difficult to produce for two years, allowing the outside world to get a glimpse of Evergrande’s business in the past two years.

Xu Jiayin enters the end game

Financial data show that the past two years Hengda total net loss of 812 billion yuan, as of the end of last year, the company’s total debt 2.43741 trillion yuan, excluding contract liabilities for 1.71639 trillion yuan.

Even if the above figures make people gasp, investors are still willing to believe that this is a positive to some extent. After all, the issuance of financial reports is an important precondition for Evergrande’s stock to resume trading. In addition, Evergrande filed for bankruptcy protection in the United States on August 18, which is also seen by the outside world as the latest progress of Evergrande’s workout.

Therefore, although Hengda shares fell by nearly 80% on the first day of resumption of trading on August 28, with the restructuring seeming to be progressing and the introduction of multiple favorable policies in the real estate market, Hengda’s share price rose by 327% from the low point on the day of resumption.

But as Hengda executives were investigated one after another, the overseas workout review meeting was announced to be put on hold, and Hengda’s share price fell again. On the afternoon of September 27, after the news of Xu Jiayin’s residential surveillance broke, Hengda stocks collectively fell, and China Hengda, which had risen 14% in early trading, closed down 18.99% at HK $0.32, almost all of its previous gains.

According to media reports, after the workout meeting was put on hold, some overseas creditors of Evergrande Group said that if Evergrande could not propose a new workout plan before October 30, they would apply for liquidation.

03

As executives are being investigated one after another, the outside world is most concerned about when and how the lid on Evergrande’s fate will be opened.

The aforementioned industry insiders believe that Evergrande’s fate is likely to surface one step ahead of Xu Jiayin and other executives. He believes that whether it is by Evergrande itself, or through the cooperation of local governments, platform companies, asset management companies and other entities, after a clear and appropriate solution is formed on issues such as the protection of the building, the management may be held accountable. How to pursue it may also refer to their cooperation in the whole incident.

Xu Jiayin enters the end game

Overall, compared with Xu Jiayin’s personal fate and the fate of Evergrande, the current more urgent is the fate of the owners of Hengda’s unfinished building.

Now even Xu Jiayin and other senior executives have been investigated one after another, which either means that the relevant matters have been identified, or it means that the relevant departments no longer believe that Xu Jiayin has the will and ability to solve the relevant problems.

In fact, with the successive introduction of favorable policies, there has been much progress in risk management for housing enterprises other than Hengda.

On September 19, Sunac China’s overseas debt restructuring plan was passed with a high vote, and Sun Hongbin, who had been burnt out, passed the risk. Since September, Sunac’s share price has also recovered.

The next day, Country Garden’s 15 billion yuan domestic debt was successfully extended, and in early September, Country Garden paid two US dollar debt coupons in time for the grace period deadline to avoid substantive default.

On September 15, Sino-Ocean Group also announced that it would start a comprehensive restructuring of overseas debt, and said that the company has not defaulted on any open market, and the coupons on domestic corporate bonds and overseas US dollar bonds have been successfully extended, and the extended domestic corporate bonds will be repaid on time.

Under the support of policies, real estate companies such as Sunac and Country Garden have not yet completely escaped danger, but they have the ability to resolve risks independently. However, at present, whether in terms of attitude or ability, Evergrande is obviously an exception.

Coincidentally, Ren Zeping, an economist who once worked for Evergrande, published an article entitled "Real Estate Policy is Entering a Historic Turning Point" through WeChat’s official account "Zeping Macro" in the early morning of the 27th when Xu Jiayin was exposed to residential surveillance. The article mentioned that "it is time to optimize and adjust real estate policy".It is recommended to establish a real estate rescue fund by compacting the local main responsibility and supporting financial instruments to support the stability of the property, and to support high-quality real estate enterprises, especially private real estate enterprises, and support AMC and other mergers and acquisitions in the industry.

In fact, the "dismemberment" of Evergrande has been quietly carried out.

On the evening of September 27, Shengjing Bank (HK.02066) announced that it plans to sell some credit assets in accordance with laws and regulations, and the purchaser is Liaoning Asset Management Company.

Shengjing Bank used to be Evergrande’s "shadow bank", while Liaoning Asset Management Company is mainly engaged in the bulk acquisition and sale of non-performing assets of financial enterprises, which is controlled by the Liaoning Provincial Department of Finance.

There is not much time left for Evergrande.

Ice and snow test drive Geely CMA architecture series shrimp farmers’ cultivation

  [Aika car test drive original]

  In the dead of winter, the ice lake in the northeast is always busy. Some people dig ice nets to catch fish, while others are busy "catching shrimp households" (drifting). In yakeshi at -30℃, the ice thickness has reached 120cm. In previous years, the lens drifting in a piece of white was always contracted by others. Now, we have also opened the right to enjoy the ice, bringing "China Xinggan Elite Driving School Ice and Snow Season". Can I graduate if I take part in the ice and snow test drive for the first time?

Ice and snow test drive Geely CMA architecture series

  This time Geely assembled all the models of CMA architecture series — — (|) (Hi·X petrol-electric hybrid version with thunder spirit engine), (|) and (|) are China stars and all-stars.

Ice and snow test drive Geely CMA architecture series

  There are three courses in elite driving school: elite, advanced and master. From basic skills to ultimate challenges, the difficulty is gradually increasing. The activity is located in Hulunbeier Winter Automobile Test Site of China Automobile Center, and readers who have read the articles on ice and snow test drive should be familiar with it.

Ice and snow test drive Geely CMA architecture series

  Experience items: snow linear acceleration, snow linear braking, snow winding pile.

  Model: Xingrui

  Driving mode: front drive

  Powertrain: 2.0T(140kW, 300Nm)+7DCT

Ice and snow test drive Geely CMA architecture series

  Elite courses mainly cultivate "ice sense". For me, who is used to relying on static friction, it is the first step to lighten and soften the actions I do on asphalt pavement on weekdays. The test drive of Xingrui changed the snow tires, and the basic grip was improved. A series of operations such as acceleration and braking can be easily completed by properly controlling the rhythm.

Ice and snow test drive Geely CMA architecture series

Ice and snow test drive Geely CMA architecture series

  When winding the pile, the ESC is on. I slow down the initial speed to 40-45km/h, and the steering range is half a turn as before. The front of Xingrui can easily keep up with my hand movements, and the rear of Xingrui obediently follows rather than catches up, which is stable and controllable.

Ice and snow test drive Geely CMA architecture series

Ice and snow test drive Geely CMA architecture series

  Experience project: ice ring drift

  Model: Xingyue S

  Driving mode: front four-wheel drive

  Powertrain: 2.0T(175kW, 350Nm)+8AT.

Ice and snow test drive Geely CMA architecture series

  Advanced courses mainly teach drift skills. In order to stretch the grip, all test drive models are equipped with nail tires. The most basic project is ice ring drift. During the demonstration, the coach has been emphasizing the importance of "repair". After drifting, the vehicle can draw a circle by constantly repairing the direction and the throttle. Listening is one thing, but doing it is another. When I stepped on the accelerator deeply and entered the direction, I quickly fell into several novice misunderstandings.

Ice and snow test drive Geely CMA architecture series

  If you drive too fast, you will spin in the same place; If you hit too much, you will rush out of the ice ring; If the adjustment is too slow, you will have no posture … … In short, the coordination of throttle and direction is the most important detail for ice novices to practice. Don’t fall into the self-doubt that "you think you have learned, but in fact you have failed to learn". Relax your mind and "cut" the ice ring into several sectors and barely draw a semicircle.

  Xingyue S provides ESC OFF mode with little interference to drift. However, due to the large steering ratio of vehicles, novices often need to make large-angle corrections, which inevitably leads to some confusion. After several groups of practice, I actually feel like I just finished dancing Pamela.

Ice and snow test drive Geely CMA architecture series

  Experience items: 8-square, high-speed U-bend.

  Model: Xingyue L

  Driving mode: front four-wheel drive

  Powertrain: 2.0T(175kW, 350Nm)+8AT.

Ice and snow test drive Geely CMA architecture series

  Xingyue L has no ESC OFF, only ESC motion mode. Fortunately, its handling is not much discounted, quantitative sliding is allowed, and when the intersection changes direction, the car body tends to be stable and will not form a large backlash.

Ice and snow test drive Geely CMA architecture series

  "Scandinavian cornering" used in high-speed U-bend refers to the action of destroying the center of gravity by swinging the car body, and then realizing the floating by shifting the center of gravity. The specific operation steps are to slow down before entering the bend and turn the steering wheel in the opposite direction of entering the bend. When the front of the car faces the outside of the bend, turn the steering wheel to Apex immediately to shift the center of gravity of the car body, so that the rear of the car slides. The front wheels of four-wheel drive vehicles will have power output, so the counter-hitting action to maintain drift after drifting should not be too big.

Ice and snow test drive Geely CMA architecture series

Hu Ge’s "Flowers" stills premiered, and the emotional creation of A Bao’s monologue was praised by Wang Jiawei

Hu Ge

Produced and directed by Wang Jiawei, written by Qin Wen, and starring Hu Ge, the drama "Flowers" was recently exposed for the first time. The afterglow is red, and the style of the times is slightly revealed. Hu Ge (as Bao) sat alone on the ridge, looking out into the distance, the times are boiling, and it is difficult to hide the story in his heart. Some carefree, some melancholy, the tiles are warm, and it is just right to drink alone.

"That day, I sat on the back of a goldfish, but it didn’t move. (Signed) Bao." It is reported that this passage was made by Hu Ge after filming the scene, and after filming, he wrote it and sent it to the director Wang Jiawei. There is another paragraph earlier, "Betty likes to climb the roof with me the most. She said that every house with red tiles is a goldfish. She also said that the wind is water, and when the wind blows, every house swims." After reading it, the director Wong Jiawei praised "Hu Ge is Bao."

The drama "Flowers" is based on the novel of the same name that won the award for the famous writer Jin Yucheng Mao Dun Literature Prize. The drama will revolve around Bao (played by Hu Ge). In the early 1990s, in the bright era, everyone competed for the upper reaches, and Bao also became Mr. Bao. He has succeeded and failed, and left a legend among the trendsetters in Shanghai. There have been golden wonders, there have been long streams, men and women, ups and downs, all the love and truth of an era. Everyone thinks that Bao Zong can eat and determine the future, but no one knows Bao’s past. There, dreams are piled up, and a goldfish suddenly appears.

As an authentic Shanghai actor, after the official announcement of Hu Ge as Bao in the drama "Flowers", he has been widely expected and praised. It is agreed that his unique temperament and growth background are undoubtedly not as good as Bao’s character setting. As an authentic daughter of Shanghai, Qin Wen, who has won the Magnolia Award for Best Screenplay at the 24th Shanghai TV Festival, will present the most authentic taste of Shanghai with unique brushstrokes. The depths of the flowers bloom and fall, and the wonders of the sea are full of sadness and joy.

In order to explore the true picture of Shanghai and capture the sound of the times, from the city’s ups and downs to the daily changes of food, clothing, housing and transportation, the drama "Flowers" created by Zedong Film ingenuity is all exquisite. In order to truly restore the true colors of the times, the drama will be built 1:1 in real scenes to immersively reproduce the scenery of Shanghai and Shanghai in the past. In addition, Bao Dexi, who has won the Best Cinematography Award at the 73rd Academy Awards, is invited as the visual director to reproduce the Shanghai night of "City Light", and the sounds and colors of flowers and leaves will be presented one by one.

The drama is currently being filmed in Shanghai and will be available to audiences in the future.

The center console is equipped with triple screen, and the interior of M9 is exposed, which will be officially listed in December.

A few days ago, AITO’s new flagship SUV M9 was officially unveiled, but the new car only released its appearance and the interior was not made public. As time went on, we got a spy photo of the interior of the M9 from relevant channels. According to the information obtained before, the M9 will be officially listed in mid-December, and the production car has been off the assembly line. In the future, the new car is expected to be listed and delivered. It is worth mentioning that the reservation has been opened before the M9, and the estimated price is 500,000-600,000 yuan, providing two kinds of power options: extended range version and pure electric version.

From the spy photos obtained, the most striking interior of the M9 is the large joint screen that runs through the center console. It consists of three screens, namely, full LCD instrument, central control large screen and co-pilot entertainment screen, which are all exaggerated in size, and can be linked with the AR-HUD head-up display system to create a strong scientific and technological atmosphere for the car. It is expected that Huawei’s latest HarmonyOS 4.0 cockpit will not be absent.

The air outlet of the air conditioner is decorated with chrome elements and equipped with two wireless charging panels for mobile phones. The central passage area and the door panel are also covered with wooden decorative panels, with brown interior, a large number of leather materials and atmosphere lights, which has a good performance in luxury texture.

According to the spy photos obtained before, the seat of the M9 is relatively wide, and a thickened headrest is added at the head position to further enhance the ride comfort. The second row uses two independent seats, and has rich electric adjustment options and zero-gravity design. Even the third row seats support electric adjustment, thus ensuring ride comfort.

As a large SUV, the gas field of the M9 is quite strong. The most striking thing on the front face is the headlight group. The far and near lights on both sides of the penetrating light strip show the shape of a water bottle, and the light strip with a bit of array is added above, and the LED panel with matrix style is adopted below, and the design is symmetrical up and down, which looks quite chic. In addition, it can also project lights on the ground or wall, and can interact with surrounding vehicles or pedestrians to further enhance the sense of science and technology of the whole vehicle.

The side shape of the car body is quite smooth, and some models also use a two-color body. As can be seen in the details, the roof is equipped with a lidar, and a side-looking camera is added to the front fender, indicating that the new car will be equipped with Huawei’s latest ADS 2.0 high-order intelligent driving system, and the exterior rearview mirror also integrates an NFC contactless unlocking module. According to different models, two styles of 21-inch wheels are available.

At the tail, the penetrating taillights echo the headlights, and the red light strips extend all the way to the inside of the lamp cavities on both sides, and LED panels are also designed in the lower part to ensure the eye-catching effect after lighting. The position of the license plate frame has been concave, which is also a family-oriented design element, and a silver guard plate has been added to the back enclosure for embellishment. The whole tail shape is full and looks quite heavy.

In terms of body size, the declared length, width and height of the new car are 5230/1999/1800mm, and the wheelbase is 3110mm, with a 6-seat layout. For reference, the length, width and height of the ideal L9 are 5218/1998/1800mm and the wheelbase is 3105mm respectively. In contrast, the size of the boundary M9 is slightly dominant.

Wenjie M9 will provide two kinds of power options: extended range version and pure electric version. The extended range version is equipped with a 1.5T range extender with a maximum power of 112kW and two drive motors with a maximum power of 165kW and 200kW respectively, and the declared pure electric cruising range is 175km. The pure electric version also adopts the dual-motor layout. The maximum power of the front and rear motors is 160 kW and 230 kW respectively, and the declared cruising range is 630 km. In addition, the new car will also be equipped with a rear wheel follow-up steering system.

At present, AITO brand owns two models, namely, Wenjie M5 (medium SUV) and Wenjie M7 (medium and large SUV). In the future, Wenjie M9 will become the flagship SUV of the brand, and it is also one of the few new energy large SUVs of its own brand. The main competitor that the new car will face is the ideal L9 (429,800-459,800 yuan), but the latter has a certain advantage in popularity. Let’s wait and see if M9 can catch up. (Text/Comfort)

Lei Jun: The founder of "Wei Xiaoli" attended the Xiaomi SU7 conference.

Beijing News Shell Financial News (Reporter Chen Weicheng) On the evening of March 28th, Lei Jun, founder, chairman and CEO of Xiaomi Group, introduced that Li Bin, chairman of Weilai Automobile, Li Xiang, chairman of LI, He Xiaopeng, chairman of Xpeng Motors, Wei Jianjun, chairman of Great Wall Motor and Zhang Jianyong, the new chairman of BAIC Group, attended the SU7 conference.

Proofread Liu Baoqing

Counting the ridiculous things of officials who have fallen off the horse: you can only be a "big official" if you drink 300,000 at a time.

  CCTV News:Recently, the General Office of the Guizhou Provincial Party Committee and the General Office of the Guizhou Provincial People’s Government issued the "Regulations on the Total Prohibition of Alcohol in Official Activities in Guizhou Province". The regulations are clear: from September 1, 2017, all official activities in the province are prohibited from providing any alcohol, and no alcohol provided by any unit or individual, including private alcohol, is allowed. Official activities within the province are prohibited from giving any alcohol from public funds. No alcohol is allowed during working hours and at noon on weekdays. In addition, if it is really necessary to provide alcohol and drinking in major foreign affairs activities and investment promotion activities, the organizer shall report it to the responsible comrades in charge of the unit or the work for approval according to the principle of one purchase and one approval, and report it to the Commission for Discipline Inspection at the same level for the record.

  Before Guizhou, Zhejiang, Heilongjiang, Jilin, Anhui, Xinjiang, Hunan and many other places had introduced alcohol prohibition regulations.

  From the promulgation of the eight central regulations, to the Regulations on the Administration of Domestic Official Reception of Party and Government Organs issued by the General Offices of the General Office of the Central Committee of the CPC and the State Council in 2013, it was clearly stipulated that high-grade drinks should not be provided for working meals, and then "prohibition of alcohol" was continuously issued everywhere. The strictness of the "prohibition of alcohol" has also been upgraded again and again: no alcohol is allowed at lunch on weekdays, and no alcohol is allowed during working hours and at noon on weekdays; From the official reception, it is forbidden to provide high-end drinks, and it is forbidden to provide any alcohol; In addition, Anhui and Hunan also banned alcoholic beverages.

  As soon as the "Prohibition Order" came out, although the phenomenon of drinking in official reception was greatly reduced compared with before, some officials still could not give up their addiction to alcohol and violated the discipline.

  The escalating "prohibition of alcohol" has to deal with the chaos of official drinking that is itself escalating.

  Not drinking is not enough meaning: "When the wine glass rings, there are two thousand pieces of gold" and "promotion requires assessment of alcohol consumption"

  "It should also be said that at the beginning, we were also disgusted with this luxurious thing. I don’t like wine either. I don’t drink a drop of wine at home during the New Year, and then it became a habit. Even when I invited someone, I didn’t drink as if I was not enthusiastic. Then when he invited me to eat, I didn’t drink as if it was not enough. " Yang Weize, former member of the Standing Committee of Jiangsu Provincial Committee and former secretary of Nanjing Municipal Committee, said.

  Yang Weize was once regarded as a "star official" in Jiangsu’s political circles. At the age of 36, he served as a departmental cadre. At the age of 44, he became the youngest member of the Standing Committee of the Provincial Party Committee in China.

  A "lack of meaning" made his career slowly change, from accepting the dinner arranged by the business owner to accepting small gifts, then accepting red envelopes on holidays, and then evolving into a large amount of power and money transaction … When the glass rang, he not only gained two thousand gold, but also made him go to crime step by step. In the end, Yang Weize was sentenced to 12 years and 6 months in prison for accepting bribes, and his personal property was confiscated by RMB 2 million.

  "Can drink eight liang to drink a catty, such comrades can rest assured; Can drink eight taels a catty, such comrades should be cultivated; Can drink white wine and beer, such comrades can’t stay; No one wants a comrade who can drink beer and drinks. " This reads like a jingle, but it is a true portrayal of some kind of officialdom.

  When "not drinking is not enough meaning" becomes the unspoken rule among officials, and "how much can you drink" becomes the assessment standard for selecting and employing people, the abnormal official culture has led more officials to the abyss of depravity.

  Yuan Junxiao, the former vice mayor of Weinan City, Shaanxi Province, who was sentenced to seven years’ imprisonment and fined 500,000 yuan for accepting bribes, is a typical case of "promotion by drinking". According to the previous report of "Integrity Outlook", Yuan Junxiao not only likes to go to dinner, but also likes to show his special "talent" at dinner. This special "talent" is to drink a lot. As early as when I worked as a designer in the Grinding Research Institute of Qinchuan Machine Tool Plant, Yuan Junxiao’s mass was well known. Taking advantage of this feature, Yuan consciously looked for leaders to drink. On the wine table, they called each other brothers. "Yuan’s contacts spread rapidly." After several years with the leaders of the Institute of Grinding Research, Yuan Junxiao was promoted and became the chief designer at the age of 26. At the end of 2001, Yuan Junxiao entered the official career as the executive deputy director of Baoji Economic and Trade Commission, and four years later, he became the sasac director of Baoji City.

  Drink the grade: ordinary Maotai is not allowed, and classic Lafite is free to taste.

  It can make officials feel that they don’t drink wine that is "not interesting enough", and naturally they can’t be "almost interesting".

  China discipline inspection and supervision newspaper mentioned in the article "How to talk about elegance if you don’t obey the rules": "Some corrupt officials still spend money in clubs and taste the so-called" classic Lafite "before being arrested; Some corrupt officials regard Maotai as elegant in the year of drinking and drink 300,000 yuan at a time. "

  CPC Central Commission for Discipline Inspection website even issued a document denouncing officials’ extravagant enjoyment: "Some leading cadres drank high-grade wine and vintage wine, and almost drank the" Lafite "brand".

  In recent years, there are not a few officials who pour on high-grade wine. For many corrupt officials, high-grade wine is regarded as a symbol of status, and only by drinking the grade can it gain face.

  Yang Weize, who was a teetotaler, gradually developed into "I like to drink Maotai, preferably vintage Maotai".

  In April this year, the Guizhou Provincial Commission for Discipline Inspection reported six typical spiritual problems that violated the eight central regulations and the ten provincial regulations. Among them, Luo Jianqiang, former member of the Standing Committee of Bijie Municipal Committee and former deputy mayor of the municipal government, has repeatedly accepted banquets from private entrepreneurs from the second half of 2014 to September 2016, and received 2 bottles of Maotai vintage wine and 24 bottles of state banquet Maotai. One month after the Guizhou Provincial Commission for Discipline Inspection publicly notified, Luo Jianqiang was double-opened for serious violation of discipline.

  Zhang Jianjin, member of Tianjin Municipal Committee, former party secretary and chairman of Tianjin Pharmaceutical Group, will achieve the ultimate goal of "drinking the grade". Before being censored from May 2013 to August 2015, Zhang Jianjin often went in and out of high-end restaurants in the name of business reception, organized and accepted public banquets. Maotai, Wuliangye and special health wine were required for every meal, and Moutai was generally not imported. If you want to drink it, you can drink it for 15 years or 30 years.  

  In 2013, a private business owner celebrated Zhang Jianjin’s birthday. When Zhang Jianjin saw that he brought ordinary Maotai, he disdained to ask for a 15-year Maotai brought by others. When a boss who had been humiliated by Zhang Jianjin ate and drank with him again, he took the initiative to bring the 30-year-old Maotai a "revenge".

  Try your best to drink: bottled mineral water, hidden in the trunk, and high-end wine put on vest and appeared again

  The details of Zhang Jianjin’s violation of discipline of "bottling Maotai with mineral water" have been reported many times. In the anti-corruption feature film "Always on the Road", he said: "If people take a film for you with their mobile phones, then there will be evidence on the Internet, so pour the Moutai into the mineral water, and then take the mineral water bottle and share it backwards when everyone shares the wine."

  Around Zhang Jianjin, there are a group of private business owners with related interests all the year round. In order to cater to Zhang Jianjin’s drinking hobby, there are all kinds of Maotai and various wines in the trunk of their cars for a long time, including Maotai in 15 or 30 years.

  Zhang Jianjin made great efforts to drink, private enterprise bosses prepared for offering wine for a long time, and merchants also resorted to tricks to sell wine.

  In 2015, a reporter went to many places to investigate and found that high-end wines that had been silent for a period of time warmed up again under the banner of "special supply", "customization" and "special edition". In the showcase of a tobacco and liquor store, the reporter saw a kind of Maotai liquor marked with special words for a state organ. The owner of the store said that the wine was originally produced by Maotai Distillery, and it was specially designed for wine and internal wine; The "abstract" wine and "inscription" wine launched by Guizhou Jinsha Group are very concerned by some public officials and business owners. A sales manager said that a bottle of "abstract" wine with a specification of 650 ml sold for 1,800 yuan, and sold for 50 million yuan in the first year of listing.

  Drinking chaos is thought-provoking: control greed and don’t let the wine table become the intermediary of corruption.

  Zhang Jianjin, as a typical person who ignored the party discipline and rules and changed the pattern to engage in "four winds", once said this when he reflected on himself: "What led me to commit a crime today, I think it was also caused by eating and drinking in this kind of interaction with them. After eating and drinking together for so many years, I think that these are all buddies and friends, so I will no longer defend them, so I say that in the end, it will become a kind of withdrawal. "

  The People’s Daily once commented that there is only one reason for the corruption of cadres in the final analysis, and they have failed to control their greed. Once the string of discipline and rules is loosened on the wine table, greed will grow with it, and then all kinds of edge balls will be played, even taking risks. A small wine table has thus become an intermediary for corruption. Once cadres believe in vulgar officialdom philosophy, regard banquets as a stepping stone to seek benefits, and design dinner as a channel to expand contacts, few people can resist not reaching out. Only when officials and cadres draw a red line in their hearts and strictly demand themselves, can they stay away from the trap of corruption and prevent a misstep from becoming an everlasting regret. (Text/Chen Xin)