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.

Meizu (meizu) mobile phone MEIZU 21 5G mobile phone 12GB + 256GB smart purple, how much is the Snapdragon 8Gen3?

In terms of appearance design, it adopts the design of straight plate and arc edge frame, and provides four color schemes of Ruiyi Blue, Unbounded Black, Meizu White and Smart Purple in the color scheme. The whole machine is 7.9mm thick and weighs 198g. In terms of screen, it is equipped with a 6.55-inch 120Hz AMOLED screen, ultra-narrow four equilateral, the frame is only 1.74mm, supports DCI-P3 wide color gamut, 1800nit peak brightness, 1500Hz instantaneous sampling rate and 1920Hz PWM high frequency dimming, and passes SGS low blue light eye protection and mLight 10,000-level dimming. In terms of performance, it is equipped with the third-generation Snapdragon 8 processor and adopts TSMC 4nm process. In terms of storage, it provides 8GB + 256GB, 12GB + 256GB, 12GB + 512GB optional. In terms of heat dissipation, it adopts a 37345mm2 super-large area heat dissipation system and a 4045mm2VC liquid-cooled heat dissipation plate, which dissipates heat faster and more efficiently. The exclusive "Ice World" cooling technology is blessed, and the game experience is further improved. In terms of battery life, it is equipped with a 4800mAh large battery and supports 80W fast charging. In terms of imaging, the front Samsung 32MP lens, the rear 200MP main camera (supports OIS optical anti-shake) + 12MP ultra-wide-angle lens + 5MP depth of field lens. In other aspects, it brings a richer Aicy smart ring to provide more interactivity. Supports ultrasonic fingerprint recognition and supports wet hand unlocking. Equipped with the sixth generation master-level "dual" and ultra-linear speakers, it is the first mobile phone to pass the QQ music "premium product certification" panoramic sound playback. Equipped with a horizontal linear motor, the vibration feedback is more obvious. Adopting a new antenna architecture, the WiFi signal is greatly improved; running the Flyme 10.5 system, the use is more stable and smooth, and the interaction is better with intelligence.

The pre-sale of the gift film "Sanjie" has exceeded 100 million yuan. Who can laugh at the National Day file?

Special feature of 1905 film network When the military parade exercise screen dominated the circle of friends, the battle for the big screen box office of the National Day file kicked off. The "three outstanding people" present their unique skills, and it is still full of suspense who can laugh at the National Day file.

 

Before the official performance on the same stage,, and all actively "warmed up" and accumulated energy for the film’s release performance through activities such as screening and roadshows. After you sing, I will come on stage, and the three films that entered the intensive publicity period before the screening will try their best to attract the attention of the audience sunk in the sea of debris information.


In 2019, the last battle of the three major golden files made the annual performance of major film and television companies basically finalized. Complete self-redemption, or by going up one flight of stairs, or fall short. The final chapter of the annual fate track of more than 80 film and television investment companies behind the three films is about to be written.


Does each "fancy" marketing help the pre-sale box office break through 100 million?

 

Film fever, pre-sale talk.

 

According to public data, on the afternoon of September 21, the cumulative pre-sale box office of the gift "Sanjie" has exceeded 100 million. Before the press release, the latest pre-sale box office of three films on September 30 has reached 126 million. Among them, My People,My Country, The Climbers and The Captain ranked among the top three in the pre-sale of new films that day with 47.5109 million, 45.5589 million and 32.9773 million respectively.

 

Although the pre-sale results can’t reflect the quality of the film content, they reflect the audience’s "blind selection" results to some extent. This choice is mostly based on the potential of pre-screening publicity. In addition to the standard screening, the marketing promotion of the three films has its own highlights.

 

On September 9, 2019, the Peking University Centennial School was crowded, and the first stop of My People,My Country’s national university roadshow was held here. Directed by Ning Hao, with the 2008 Beijing Olympic Games as the story background, Ning’s black humor "laugh" is quite good. On the Mid-Autumn Festival of the film, the ceremony of "Home, Country and Seven Cities Relay" was held, which was the first film conference in China to adopt 5G live broadcast.



At the 2019 Women’s Volleyball World Cup, Lang Ping coached the China Women’s Volleyball Team and won seven consecutive victories. This also made Leap, directed by Xú Zhēng and with the theme of China women’s volleyball winning the 23rd Los Angeles Olympic Games, attract much attention. In the first road show in colleges and universities, Xú Zhēng spoiler coach Lang Ping also participated in the filming in Leap, and the key word was "Back".

 


When "including Beijing" becomes one of the important factors for the success of a movie box office, every film and television work starring Jason Wu will inevitably become the focus of the whole people’s attention, and it will easily lead to controversial word-of-mouth evaluation.

 

When asked what to do if the box office in The Climbers is not good? Jason Wu replied, "I think I have won, or just like The Wandering Earth, I have won a process, a new type, and no one has done it. Only a few people have this experience. This is the greatest wealth."


On September 23rd, The Climbers held a world premiere in Beijing. Judging from the first wave of audience feedback, the film exceeded expectations and was a qualified commercial blockbuster with the main theme.

 

On September 20th, The Captain’s premiere on Sichuan Airlines flight 3U8803 attracted numerous attention. In the engine room at an altitude of 10,000 meters, Zhang Hanyu, Du Jiang and other leading actors became empty, and the flight attendants fed the passengers with food photos, which were quickly brushed in the circle of friends.

 

 

It is worth mentioning that all three films were pre-sold nationwide around September 10. On September 28th, a large-scale nationwide screening of the "Three Masters" was also started. A person from the cinema said that My People,My Country and The Captain will start watching films in some areas one after another today and tomorrow.

 

Three films about the battle between the audience and the studio manager have already sounded the charge. No matter what the outcome is, the 2019 National Day file will be a highlight moment of realistic movies.



Who will have the last laugh from more than 80 production companies?


People come and go in Vanity Fair. High-quality projects in the big schedule have made many film and television companies rush to film.

 

According to statistics, there are as many as 51 producers and joint producers in My People,My Country, 28 in The Climbers and 21 in The Captain. After the re-weighting, there are still more than 80 behind-the-scenes production companies of the three films.

 

Among them, there are traditional private film and television giants such as Bona Film and WANDA CINEMAS, rising stars such as Joy Media and Xinli Media, as well as Internet film and television companies such as Alibaba Film, Tencent Film and Maoyan Entertainment, and even cross-border newcomers such as Red Star Macalline.

 

As a major mainstream commercial film, Bona Film is a well-deserved protagonist of the National Day in 2019. Besides being the main producer in The Captain, it is also one of the three major producers in My People,My Country. Presenting three outstanding people, Bona has two seats, and the scenery is no different. Since Bona Film delisted from the US stock market, the road of A-share IPO has been reborn. The degree of heat and cold when the film is released will not be fully reflected in the capital market.



When Bona Film delisted from the US stock market, Ali Film participated in the privatization transaction, and the capital marriage between the two contributed to the cooperation of several projects. The first two films of Bona Film Pride trilogy, Ali Film have deep participation. The Captain and My People,My Country are the producers of the final chapter of this series, which is also following Bona.

 

The list of 51 behind-the-scenes production companies in My People,My Country reveals the investment map of seven directors’ film companies.

 

In the list of joint producers, the top ranked Xianghe Bailingbird Film and Television Culture Media Company is 100% owned by Chen Kaige’s wife Chen Hong; Shanghai Shibuya Film is 88.67% owned by Zhang Xiaoling (director Zhang Yibai’s real name); The largest shareholder of Seven Impression (Xiamen) Film Industry is Guan Hu’s wife Liang Jing; Xue Xiaolu, a Beijing Jia Wen Ying Hua Company, served as an executive; Muye Wen holds 80% of the shares of Beijing Dream General Film Co., Ltd..

 


At the same time, Bad Monkey Film directed by Ning Hao and Zhenledao Culture Company directed by Xú Zhēng are also among them. In addition, Huang Jianxin holds 57.5% of the shares of Shanghai Sanyuan Film Co-producer. In addition to Bona, WANDA CINEMAS, Huayi Brothers and Enlight Media also participated in the joint production. These companies have almost mastered the top distribution resources of the current domestic film market system.


 

The Climbers is controlled by Shanghai Film, and Beijing Dengfeng International Cultural Communication Company, which ranks first in the list of co-producers, starring Jason Wu, has an indirect shareholding ratio of 90%. Actors who don’t want to be directors are not good investors. From The Wandering Earth to The Climbers, Jason Wu started the investment mode of "one film, one film".

 

In 2019, Beijing culture went high and low. As the summer file of the company’s past investment work "blessed land", it has become a silent place. The final box office of The Climbers will determine the box office performance of Beijing Culture in 2019. It is worth mentioning that there are also cross-border film and television investment companies such as Shanghai Red Star Macalline and Beijing Zitiao among the three production companies.


Can the 2019 National Day file hit a record high? With the joint appearance of the three seed players, the question mark will be pulled into an exclamation mark with high probability. Which film and television companies can be proud of the National Day file, the audience is the fairest referee.

Zhejiang people’s "park at home", it’s just right to relax on weekends!

The park is a blank space in the city.

Take a walk in the park on weekends.

It’s so cozy

Parks in front of several homes in Zhejiang

No need to travel far.

Let’s go right away!

Linhai Donghu park

@ 亵亵亵亵

East Lake Park is located in the east of Fucheng, Taizhou, with traffic on one side and Fucheng, which has been inherited for thousands of years.

"Hangzhou has the West Lake, Taizhou has the East Lake, the victory of the East Lake, and the small West Lake." East Lake, with a total area of 280 mu, is an extremely exquisite garden lake, although it is not big. There is both the beautiful atmosphere of Hangzhou West Lake and the graceful and meticulous classical gardens.

@ 京京京京/photo

Zhoushan Changqiao Ocean Park

Zhoushan Islands Tourism

This unique online celebrity punch point collects all the romance and tenderness about the sea.

The pilot whales swim in the blue water, close to the glass, as if they can sense people’s existence and play and swim in front of the glass intimately. There are also Antarctic Papua penguins, whose embarrassing appearance makes people call it so cute!

Zhoushan Islands Tourism

Haiyan Guanhaiyuan Park

@ "Seawall Scenery" Fang Fang

Every year, countless tourists arrive in Haiyan at 5 am, just to see the romantic sunrise of exclusive sea salt, and the most beautiful sunrise of sea salt is in Guanhai Garden.

Walking into Guanhai Garden, the endless seawall line will always bring great visual impact to people, and the heart will suddenly become wider with the line of sight.

Yiwu Yiwu International Racing Park

@ Wenlv Yiwu

Yiwu International Racing Park is a sports tourism park with the theme of automobile sports and gliding flight. In 2017, a national A-level championship was held here, which was full of speed and passion.

The wildest speed brings the most uncertainty and the most exciting experience, which is why countless people are fascinated by it. Wear a helmet and change clothes handsomely, and compare speed, strength and skill on the field. The wind that flies by brings you an immersive experience that you can’t miss.

Songyang Shuangtongshan Style Camping Park

@ Lishui Wenlv

Shuangtong Mountain is steep and steep, with many cliffs and precipices. The strange peaks and rocks with myriad manners set each other off with the forest waterfalls.

There are mountains and water here, which can not only embrace nature at zero distance, but also release vitality to the fullest! Here, the mainstream high-altitude experience projects at home and abroad are integrated, so that you can experience what is really "scared" in minutes.

Quzhou Fushan Park

@ Voice of Ke Cheng Wenlv Body

Quzhou Fushan Park, with lush trees and winding paths, is an urban forest in the ancient city of Quzhou. The ancient name of Fushan Mountain is Zhengrong Mountain, and it is named Guifeng because the middle of the mountain rises and the top is flat, which looks like a turtle shell.

Under the Zhong Ling Tower, the cinnabar plums are full of peach blossoms, and the flowers are just right. Shuttling through the winding and quiet trails, red makeup and thin shadows, fragrant spring scenery, moving around for a change of scenery, painted a freehand brushwork picture with a long meaning.

@ Voice of Ke Cheng Wenlv Body

Ningbo Meishan Bay Beach Park

@ Ningbo Meishan Bay Beach Park

Meishan Bay Beach Park has a rare offshore blue bay in the Yangtze River Delta, a crescent-shaped beach of 320,000 square meters and a coastline of 1.88 kilometers, which is enough for you to walk all day.

Standing on the beach, looking at the horizon, the endless blue is intoxicating, and the cool sea breeze is blowing in my ear, listening carefully to the waves, and all the troubles roll away with the waves, and finally turn into a pleasant message.

@ Ningbo Meishan Bay Beach Park

Fuyang Dongwu Cultural Park

@ 京京京/photo

Fuyang is the hometown of Sun Quan and the largest settlement of descendants of Sun Shi. People built Dongwu Cultural Park here, facing Fuchun River and backing Lushan Mountain, to show the historical figures of Dongwu period.

Entering the park, the atmosphere of the Three Kingdoms is full, bringing people’s thoughts back to that stormy but heroic era. A close look at the city gate is heavy, solemn and magnificent, which divides the inside and outside of the gate into two worlds. From a distance, Fuchun Pavilion on the top of Lushan Mountain is looming in the clouds.

The content is integrated from the poetry and painting Zhejiang Wenlv Information and Fuyang release.

Original title: "Zhejiang people’s" park at home ",just relax on weekends! 》

[Today’s Development Zone] "Tianqin Cup" In 2024, the seventh swimming competition of Qinhuangdao City started in the development zone.

Today development zone

On January 21st, the 7th swimming competition of Qinhuangdao in 2024 was held in the Sports Center of Development Zone under the guidance of the Municipal Sports Federation and the Development Zone Federation of Trade Unions, sponsored by the Municipal Triathlon Association and the Municipal Swimming Association, and hosted by the Municipal Swimming and Diving Training Center and Qinhuangdao Tianqin Equipment Manufacturing Co., Ltd..

At 9 o’clock in the morning, the game officially began. After full warm-up, with the referee’s order, the athletes dived from the platform, gliding, swinging their arms and fetching water … Everyone was full of energy, and every movement was vigorous, racing against time and struggling hard. The vigorous posture of the "swimmers" attracted the audience to whistle and cheer.

The competition was divided into 10 groups, namely men’s and women’s 100m breaststroke and 200m freestyle, aged 18-29, 30-39, 40-49, 50-59 and 60-65, with a total of 150 participants. Each group will be admitted to the top six according to the results, and will be awarded with achievement certificates and bonuses.

It is understood that the purpose of this competition is to adhere to the socialized development direction of competitive sports, open the door to welcome all school-age athletes in the city to participate in the competition, fully mobilize the enthusiasm of social forces to participate in competitive sports, give play to the role of sports associations and social sports clubs, attract sports fans to participate in regular events, and build a platform for them to show themselves.

Original title: "[Today’s Development Zone]" Tianqin Cup "The 7th Swimming Competition of Qinhuangdao City started in the Development Zone in 2024"

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