Record of State Taxation Administration of The People’s Republic of China’s press conference

Huang Yun:Good morning, journalists and friends! I’m Huang Yun, director of the General Office of State Taxation Administration of The People’s Republic of China and spokesperson. Welcome to the press conference of the State Administration of Taxation. Present at today’s conference are Ms. Meng Yuying, Director of the International Taxation Department of State Taxation Administration of The People’s Republic of China, Mr. Rong Hai Lou, Director of the Income Planning and Accounting Department, and Mr. Shen Xinguo, Director of the Tax Service Department. They will introduce relevant information and answer your questions.

Huang Yun, Director of the General Office of State Taxation Administration of The People’s Republic of China and spokesperson.

The 20th National Congress of the Communist Party of China emphasized the need to adhere to the people-centered development ideology, so that the achievements of modernization can benefit all people more fairly, and put forward clear requirements for further optimizing the business environment. The State Administration of Taxation thoroughly studied and implemented the spirit of the 20th Congress of the Communist Party of China, fully implemented the decision-making arrangements made by the CPC Central Committee and the State Council, and focused on the "urgent difficulties and worries" of taxpayers. This year, with the theme of "doing a good job in benefiting the people and modernizing services", it launched the "Spring Breeze Action for Facilitating Taxes" for the 10th consecutive year, and launched the first batch of 17 measures for facilitating services to further solve practical problems and continuously optimize the tax business environment. These measures have been welcomed by taxpayers and payers, and some of them have been effective. For example, 13 items of tax-related fees were included in the scope of allowance, and 34 items of tax and fee information were further streamlined. Digital RMB payment of taxes and fees met the diversified needs of taxpayers, and tax and fee processing was more efficient and faster. Another example is to further play the role of tax big data, and on the premise of respecting the wishes of enterprises, to bridge the gap between enterprises with poor supply chain in the industrial chain and help the supply and demand sides to connect. In January, 426 enterprises have been helped to realize effective purchase and sale of 980 million yuan independently.

While wholeheartedly implementing the first batch of measures of the "Spring Breeze Action for Convenient Taxation", we further focused on the new demands and expectations of taxpayers and payers, and then launched the second batch of 25 measures for convenient service. These measures cover a wider range and are richer in content, and mainly have the following characteristics:First, focus on the efficient implementation of policies to help enterprises solve difficulties.For example, multi-channel accurate policy push will make the tax and fee policy dividend better direct and fast.The second is to focus on promoting intelligent taxation to help enterprises reduce burdens and increase efficiency.For example, the implementation of social insurance handling and payment business "through one network" and the exploration of the implementation of "one-click zero declaration" of stamp duty of electronic taxation bureau will make taxation more intelligent and convenient.The third is to focus on optimizing law enforcement methods to help enterprises compete fairly.For example, for some tax-related matters of a specific nature, we will implement law enforcement methods such as persuasion and education, prompting and reminding, actively carry out credit repair, and guide business entities to participate in fair competition and develop healthily and orderly.

In recent years, China tax authorities have also actively served the high-level opening-up and high-quality joint construction of the Belt and Road, blowing the "convenience spring breeze" to the Belt and Road.

In April 2019, in order to implement the spirit of the important instructions of the Chairman of the Supreme Leader on jointly building the Belt and Road and deepening international tax cooperation, at the initiative of China and State Taxation Administration of The People’s Republic of China, the "Belt and Road" tax collection and management cooperation mechanism was formally established, dedicated to improving the coordination and reciprocity in the tax field of the "Belt and Road" countries and building a growth-friendly tax environment. The "One Belt, One Road" tax collection and management capacity promotion alliance is an institution specifically responsible for capacity building such as training, research and technical assistance under the cooperation mechanism. Today, the Alliance will publicly release version 1.0 of the Alliance curriculum system to the world through the cooperation mechanism of official website and the website of the Belt and Road Taxation Institute. In the construction of this curriculum system, China has actively participated in and contributed an important force through the Alliance Office. Its popularization and application will give full play to the multilateral role of the cooperation mechanism, and help us deepen international tax exchange and cooperation, and work with the tax authorities of the Belt and Road partners to jointly build the Belt and Road with high quality. Mainly reflected in:

First, take tax as the medium, learn from each other and promote the improvement of ability together.By jointly launching the curriculum system and in-depth tax training, the alliance is conducive to deepening cooperation and complementing each other’s advantages, and helping the "Belt and Road" partners to jointly improve their tax collection and management capabilities in strengthening experience sharing and mutual learning.

The second is to help finance with taxes, enhance recognition and promote the integration of rules.China’s tax authorities actively participate in the formulation of international tax rules, and promote the Belt and Road partners to better abide by and improve tax rules through alliance training, so as to enhance tax certainty, which is conducive to promoting the "soft connectivity" of rules and standards of member countries.

The third is to serve the overall situation and promote economic and trade convenience with taxation.Relying on cooperation mechanisms and alliances, China tax authorities will further strengthen personnel training, deepen international tax cooperation and mutual assistance in tax collection and management, which will help to eliminate cross-border trade and investment barriers and better promote the trade liberalization and facilitation of "Belt and Road" partners.

I’ll introduce these first, and then enter the question-and-answer session. Welcome to ask questions.

CCTV reporter from the Central Radio and Television General Station asked questions.

1. CCTV reporter from the Central Radio and Television General Station: Just now, Director Huang mentioned that the tax authorities have launched the second batch of 25 successive measures of the "Spring Breeze Action for Facilitating Taxes". Please introduce the specific situation.


Shen Xinguo, Director of State Taxation Administration of The People’s Republic of China Tax Service Department


Shen Xinguo:Thank you for your question. The State Administration of Taxation launched the second batch of 25 measures, focusing on solving practical problems for taxpayers and payers from six aspects.

In terms of "improving the quality of appeal response",Five measures, such as promoting preferential tax policies and optimizing the functions of natural person tax management system, were introduced to optimize tax payment services and enhance tax payment experience. For example, the tax authorities will make good use of the "Fengqiao experience" in the new era, continue to unblock the channels for taxpayers to express their demands and protect their rights and interests, give full play to the role of mediation, and better safeguard the legitimate rights and interests of taxpayers and payers.

In terms of "policy implementation and efficiency improvement",Five measures, such as optimizing the library of tax and fee policies and regulations, strengthening the publicity and interpretation of tax and fee policies, and improving the awareness and delivery rate of policies, were introduced. For example, the State Administration of Taxation will optimize and improve the official website tax and fee policies and regulations library to further facilitate the public to inquire about the tax and fee policies; The "Volunteer Action of Tax Youth Helping Enterprises and Benefiting the People" will also be launched, and the vast number of tax youths will be organized to provide taxpayers with more detailed and temperature-sensitive services in the form of voluntary service, so as to promote the more accurate and effective implementation of tax and fee policies.

In terms of "fine service upgrading",Five measures were introduced, such as strengthening regional law enforcement coordination, jointly carrying out theme service month activities to help small and medium-sized enterprises develop with the departments of industry and information technology, and deepening the pilot project of "bank-tax interaction" data direct connection with the banking and insurance supervision department to better serve high-quality development. For example, the tax authorities will deepen the interactive service of tax collection and payment, and help taxpayers to solve the policy and operation problems encountered in online tax payment through "ask" and "do" collaborative services such as accurate push, intelligent response and sharing on the same screen, and assist them to complete business processing, making "non-contact" tax payment more convenient and easier to handle.

In terms of "speeding up intelligent taxation",Three measures were introduced to improve the convenience of tax payment, such as optimizing the tax terminal function of natural person tax management information system, continuously implementing social insurance handling and online "one-line communication" for payment business. For example, the tax authorities will further expand the promotion results of electronic tax payment across provinces, provide more convenient tax payment methods for taxpayers operating across provinces, and realize cross-provincial tax payment without leaving home.

In terms of "streamlining processes and upgrading",Five measures, such as simplifying the stamp duty declaration process and promoting the pilot of the occupational injury protection system, were introduced to optimize the taxpayer’s handling experience. For example, the tax authorities will simplify the stamp duty declaration process, explore the combined declaration of taxable contracts with the same tax items in some industries and keep them for future reference, optimize the stamp duty declaration of the electronic tax bureau, explore the realization of "one-click zero declaration", and further optimize the taxpayer’s tax declaration experience.

In terms of "standardizing law enforcement and upgrading",Two measures were introduced to further optimize tax law enforcement and safeguard the legitimate rights and interests of taxpayers and payers. For example, for some tax-related business matters of a specific nature, persuasion and education, tips and reminders are promoted and used; We will strengthen the dynamic management of information on the subject of major tax violations and dishonesty, actively carry out credit repair work for taxpayers who meet the compliance conditions after correcting mistakes, and guide them to operate legally and standardize their development.

In the next step, the tax authorities will pay close attention to the implementation of the above measures, promote the spring breeze of tax collection for the convenience of the people, warm the people’s hearts, and continuously improve the sense of acquisition and satisfaction of taxpayers and payers.

Thank you!

People’s Daily reporter asked questions.

2. People’s Daily reporter: Just now, Director Shen said that one of the important contents of the second batch of measures of "Spring Breeze Action for Convenient Taxation" is to further expand the promotion results of electronic tax payment across provinces in China. Can you tell us more about it?


Rong Hai Building, Director of State Taxation Administration of The People’s Republic of China Revenue Planning and Accounting Department

Rong Hai building:Thank you for your question. In recent years, the tax authorities have vigorously promoted electronic tax payment and made great efforts to provide taxpayers with convenient and efficient tax service. At present, 99% of tax returns have been processed online, and more than 95% of taxes have been paid into the warehouse by electronic tax payment. However, there are some problems, such as the low degree of electronicization and inconvenience, in the transfer and payment between the place of registration and the place of business, for the payable taxes arising from the establishment of project departments and branches across provinces and other places to carry out business activities (such as the establishment of project departments across provinces and other places to provide construction and installation services). To this end, since 2021, the tax department and the treasury department of the People’s Bank of China have strengthened collaborative innovation. With the strong support of relevant commercial banks, 12 regions in Beijing, Tianjin and Hebei, Yangtze River Delta and other regions with active inter-provincial business activities have been selected to take the lead in launching cross-provincial electronic tax payment pilots, and in 2022, the promotion efforts have been further strengthened, the application scope has been expanded, and positive results have been achieved. In 2022, more than 150 commercial banks have supported the inter-provincial and off-site electronic tax payment business, and handled a total of 310,000 inter-provincial and off-site electronic tax payments with a tax revenue of 57.5 billion yuan. Taxpayers report that after electronic tax payment across provinces and different places is realized, it can be handled without leaving home, which effectively reduces the burden and improves efficiency.

This year, we will continue to improve and perfect in accordance with the deployment arrangement of the "Spring Breeze Action for Convenient Taxation", and further expand the promotion results of electronic tax payment across provinces and different places in China.On the one hand,Expand the coverage of local commercial banks, cooperate with the treasury department of the People’s Bank of China to further enhance the participation of some local commercial banks that have not yet joined this business in implementing cross-provincial electronic tax payment, guide and promote more qualified local commercial banks to participate in and support cross-provincial electronic tax payment.On the other hand,Expand the coverage of tax payment business. At present, commercial banks mainly support taxpayers who have signed tax deduction agreements with tax authorities and banks to handle cross-provincial electronic tax payment business, and promote commercial banks to further optimize system functions, increase support for taxpayers who have not signed tax deduction agreements to handle cross-provincial electronic tax payment business, and further enhance the convenience of taxpayers operating across provinces. Thank you!

China securities journal reporter asked questions.

3. Reporter from china securities journal: It is also an important measure of the "Spring Breeze Action for Facilitating Taxes" to do a good job in the first batch of tax-related reform measures replicated and promoted in the whole country. Can you tell us more about it?

Shen Xinguo:Thank you for your question. Optimizing the business environment is the key to cultivate and stimulate the vitality of business entities and enhance the endogenous power of development. In 2021, the State Council was deployed in six cities including Beijing, Shanghai, Chongqing, Hangzhou, Guangzhou and Shenzhen to carry out business environment innovation pilot projects. The Party Committee of the State Administration of Taxation fully implemented the decision-making arrangements of the CPC Central Committee and the State Council, thoroughly implemented the pilot work of business environment innovation, guided and urged the tax bureaus of six pilot cities to implement 16 tax-related measures and achieved remarkable results. In September, 2022, the General Office of the State Council issued the Notice on Replicating and Promoting Pilot Reform Measures of Business Environment Innovation, and decided to replicate and promote 50 pilot innovation measures nationwide, including 12 tax-related measures. The main highlights of these measures are:

First, continue to compress the tax payment time.The implementation of "multi-tax integration" comprehensive declaration, the pilot unit to integrate corporate income tax and property and behavior tax comprehensive declaration, relying on the electronic tax bureau to achieve "one declaration, one payment, one voucher"; Beijing, Shanghai and Chongqing also include value-added tax, consumption tax and vehicle purchase tax in the scope of comprehensive declaration, making it easier for taxpayers to declare. The pilot units distribute tax UKey to taxpayers in non-contact ways such as self-collection, mail delivery and so on through channels such as electronic tax bureau. Up to now, each pilot unit has distributed more than 500,000 tax UKey in a "non-contact" way to facilitate taxpayers to issue invoices.

The second is to optimize the law enforcement supervision mechanism.Explore new ways of flexible supervision, establish a list of non-compulsory administrative measures, and implement non-compulsory administrative measures for matters that are obviously minor or have no obvious social harm and can achieve the purpose of administrative management by non-compulsory means. Up to now, the pilot units have identified 28 items that will not be enforced, which embodies the concept of "combining leniency with severity" in tax law enforcement. Accurately implement tax supervision, and explore and promote the construction of a new tax supervision system based on "credit+risk". According to the tax credit status of business entities, the pilot units will implement classified management in matters such as invoice collection and tax cancellation, and in accordance with the principle of "encouraging trustworthiness and punishing dishonesty", so that trustworthy taxpayers can enjoy more convenience, and taxpayers with low credit ratings will be subject to key supervision and strict supervision.

The third is to promote data sharing.Try out the online inquiry and verification of the national travel tax payment information, so as to facilitate the insurance institutions in the pilot cities to inquire about the national travel tax payment, and facilitate the vehicles in different places to apply for insurance and pay taxes. At the same time, the tax bureaus of the pilot cities actively cooperate with the market supervision departments to expand the business scope of "one network to run" and implement the reform of "multi-reporting in one" in the annual report of enterprises, so as to make data "run more roads" and taxpayers "run less errands".

In the next step, we will improve the working mechanism of "promoting implementation, preventing risks, supervising and asking for efficiency, tracking and evaluating, and continuously optimizing", and guide the tax authorities of pilot cities to firmly grasp the opportunities for reform, focus on what taxpayers need and expect, increase the intensity of trying first and accumulate more innovative experience. At the same time, guide and urge the tax authorities in non-pilot areas to effectively do a good job in replication and promotion, so that innovative measures can achieve greater results nationwide and promote the overall continuous optimization and improvement of China’s tax business environment.

Thank you!

Xinhua News Agency reporter asked questions.

4. Xinhua News Agency reporter: Director Huang just talked about the "Belt and Road" tax collection and management capacity promotion alliance. Excuse me, what is the main work carried out by this alliance and how effective is it?


Meng Yuying, Director of State Taxation Administration of The People’s Republic of China International Taxation Department.

Meng Yuying:Thank you for your question. The "Belt and Road" tax collection and management cooperation mechanism (hereinafter referred to as the cooperation mechanism) is the first long-term multilateral tax cooperation mechanism initiated by China. The cooperation mechanism is based on the concerns of the tax authorities of the countries that jointly build the "Belt and Road", and is committed to strengthening the capacity building of tax collection and management and promoting the construction of a growth-friendly tax environment. At present, the number of members of the Council of the cooperation mechanism has increased to 36, and the number of observers has increased to 30. The "circle of friends" and its influence have continued to expand.

The "Belt and Road" Alliance for Promoting Tax Collection and Management Capacity (hereinafter referred to as the Alliance) is an important part of the cooperation mechanism and a multilateral institution responsible for carrying out capacity-building projects such as training, research and technical assistance. The President of the Alliance is responsible for coordinating and organizing the implementation of the Alliance’s work plan and training programs; There is an alliance office, which is responsible for coordinating the development of the "Belt and Road" tax college and other related work of the alliance, and co-located with the secretariat of the cooperation mechanism in Beijing. As a member of the Alliance, China State Taxation Administration of The People’s Republic of China, together with the tax authorities of 19 other members of the Alliance and 14 partners, has made great efforts to enhance tax exchange and cooperation among countries that have jointly built the Belt and Road Initiative, and promote the common improvement of tax collection and management capabilities.

Since the alliance was established more than three years ago, it has mainly done the following work:

The first is to carry out various forms of tax training.Carrying out tax training is the main starting point for the alliance to promote the common improvement of collection and management capabilities. Since the first training session was held in Yangzhou "One Belt, One Road" Taxation College in 2019, the Alliance has held more than 50 training sessions through online and offline training modes, and more than 3,000 tax officials from more than 100 countries (regions) have participated in the training, which has deepened tax cooperation and friendship among countries and won unanimous praise from students from all over the world.

The second is to build a "Belt and Road" tax college.At present, the Alliance has successively established five "Belt and Road" tax colleges in Yangzhou, China, Beijing, China, Macao, China, Astana, Kazakhstan and Riyadh, Saudi Arabia, and established a network of multilingual training institutions radiating English, Chinese, Portuguese, Russian and Arabic. The alliance takes Yangzhou "Belt and Road" Taxation College as the main position, which drives Astana, Macao, China and other colleges to carry out various training activities to meet the development needs of different regions every year, and the role of the alliance training institution network is increasingly apparent.

The third is to form an international team of teachers.Tax experts are widely invited by the Alliance Office to join the first batch of expert teachers in the Alliance. These experts come from government finance and taxation departments, international organizations, academic circles and industries, and their offices are located in 13 countries (regions) on 5 continents. They have profound industry background, good professional quality and rich working experience, which fully embodies the requirements of specialization and internationalization. Experts in the field of taxation in China and officials from taxation departments also actively participated in the lectures.

The fourth is to promote the construction of the alliance curriculum system.Since the training in 2019, relying on the Yangzhou Belt and Road Taxation Institute, the Alliance has successively launched four online courses, namely, tax dispute resolution, digitalization of tax collection and management, tax service and value-added tax reform. On this basis, the Alliance Office has extensively absorbed opinions and suggestions from all parties, actively learned from the experience of other international organizations in carrying out professional training, and designed and completed version 1.0 of the Alliance curriculum system.

According to the development plan of the alliance, the alliance office will invite more international tax experts to join the team of alliance experts, further strengthen cooperation and exchanges based on the characteristics of the "Belt and Road" tax colleges, comprehensively develop knowledge products, share training resources such as teachers and courses, realize the alliance training with wider coverage, larger scale and richer content, promote the joint construction of the "Belt and Road" countries, and further enhance the international influence of the alliance.

China Daily reporter asked questions.

5. China Daily reporter: Director Meng just talked about the 1.0 version of the curriculum system of the "Belt and Road" tax collection and management capacity promotion alliance. Can you introduce this curriculum system in detail?

Meng Yuying:Thank you for your question. The Alliance Office will release version 1.0 of the Alliance Curriculum System in official website today. In order to continue to play the role of the alliance capacity-building platform, realize the common improvement of the tax collection and management capacity of the countries building the Belt and Road, and promote the standardization and systematization of alliance training, the alliance is practical, practical and effective-oriented, adheres to the scientific, systematic and inclusive design concept, closely follows the functional orientation of the tax department and the duties of tax personnel, and constantly summarizes practical experience to design and form the alliance curriculum system version 1.0, aiming at helping students understand tax rules and best through training.

The 1.0 version of the curriculum system includes 4 themes and 65 courses. The four themes are tax system, tax collection and digitalization, tax business environment and tax service, and tax cooperation. According to the principles of from shallow to deep, from easy to difficult, from simple to complex, alliance courses are divided into three levels: primary, intermediate and advanced. 90% of the courses will be launched before August this year, and all courses will be launched during the year.

The design of version 1.0 of the alliance curriculum system mainly has three characteristics:

First, insist on discussing, building and sharing.The Alliance Office fully communicates with the members of the cooperation mechanism, alliance members, partners and academic circles, and brainstorms ideas to jointly build an alliance curriculum system. Invite tax officials from relevant countries (regions), teachers from the "Belt and Road" tax institute and experts from international organizations to participate in the course design and teaching. The remarkable increase in the participation of all parties better reflects the multilateral characteristics of the alliance and will further promote mutual learning and learning.

The second is to adhere to demand orientation.The course not only covers the universally applicable contents such as tax system, tax collection and management, and tax service, but also takes into account the areas such as tax dispute settlement and business environment optimization that tax officials in countries building the "Belt and Road" together, and at the same time, appropriately integrates the frontier research hotspots in the international tax field such as the "two-pillar" scheme. Combined with the feedback from the questionnaire of the students in the pilot courses and the practical experience of training, these course designs can better meet the training needs of tax personnel in countries that jointly build the "Belt and Road".

The third is to adhere to dynamic, inclusive and open.The alliance curriculum system adopts the design idea of dynamic optimization, closely follows the development and changes of international rules, pays attention to the latest trends of international taxation, continuously updates and dynamically adjusts according to the actual needs and feedback from students’ questionnaires, aiming at the innovation of taxation theory and practice. At the same time, we will draw on and absorb opinions from all walks of life, welcome countries to share their best practices on the alliance platform, and continue to invite experts from all walks of life to participate in teaching, open to the world and constantly improve.

State Taxation Administration of The People’s Republic of China, China actively participated in the curriculum design of the Alliance, and introduced and shared the experiences and practices of China tax authorities. In the next step, according to the development plan of the Alliance, the Alliance Office will work with all participants and lecturers to promote courseware production and translation, video recording and online courses in an orderly manner, further optimize and improve the courses according to the actual situation, and make preparations for opening offline courses.

Thank you!

China Youth Daily reporter asked questions.

6. China Youth Daily reporter: We are concerned that in recent years, some criminals have carried out tax-related fraud through the Internet. Excuse me, how can taxpayers prevent this kind of fraud? What has the tax department done to crack down on online tax-related fraud?

Huang Yun:Thank you for your question. As you said, in recent years, some lawless elements have used the Internet and new media to conduct false guidance and even implement online tax-related fraud, extending the "black hand" to taxpayers.

According to the information we have collected, there are at least the following types of online tax-related fraud: some directly swindle taxpayers’ money to gain illegal benefits, some illegally defraud taxpayers’ information, especially personal privacy and business secrets, for "gray transactions", and some deliberately create panic to attract taxpayers to expand their business. From the point of view of means, criminals usually pretend to be tax officials in the form of text messages, telephone calls, internet or even direct visits, and use tax inspection, winning prizes and other excuses to induce taxpayers to transfer payments or provide relevant information; Others use video clips, online training and other means to distort and interpret tax policies and tax management, and deceive taxpayers in the name of helping solve tax-related problems to achieve their illegal profit.

Here, we give the taxpayers some tips to prevent fraud and fraud:The first is to raise awareness of prevention.In case of pretending to be a tax official to collect taxes and fees, promoting various "new policies" for tax refund or receiving unknown links and QR codes forged as tax-related information, we must be highly vigilant, refuse temptation, calmly identify, and never reveal privacy or make transfer payments.The second is to identify official channels.Carry out business handling and tax-related consultation through the official websites of the State Administration of Taxation and local tax authorities, service hotlines, electronic tax bureaus and other channels. Don’t trust unofficial information and channels, and beware of fraud induced by criminals.The third is to report and verify in time.In case of any relevant situation, please consult the 12366 service hotline or the competent tax authorities for further verification, or immediately call 110 and the national anti-fraud hotline 96110 for help.

The State Administration of Taxation attaches great importance to cracking down on online tax-related fraud, continues to carry out anti-fraud propaganda, and actively establishes and improves the linkage mechanism with public security departments to carry out governance. At the same time, the State Internet Information Office and the State Administration of Markets jointly issued the "On Regulating Tax-related Intermediary Services   The Notice on Promoting the Healthy Development of the Tax-related Intermediary Industry severely investigated and dealt with illegal acts such as false propaganda information and malicious tax planning by tax-related intermediaries, and publicly exposed a number of typical cases with bad nature.

In the next step, we will continue to intensify efforts to control tax-related fraud and public exposure, strengthen the crackdown and strengthen the shock, and fully protect the national tax interests and the legitimate rights and interests of taxpayers.

Thank you!

Huang Yun:Because of the time, the question-and-answer session ends here. In the next step, the national tax system will continue to follow the guidance of Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era, thoroughly implement the spirit of the 20th Party Congress, and continue to carry out the "Spring Breeze Action to Facilitate Taxes" in accordance with the decision-making arrangements of the CPC Central Committee and the State Council, constantly optimize the tax business environment, actively promote high-quality development, fully serve the high-level opening up, give full play to and expand the basic, pillar and supportive role of tax revenue in national governance, and promote the overall improvement of economic operation and achieve effective upgrading and upgrading of quality.

Today’s press conference is over. Thank you again for your friends from the media.

Placing gambling machines in supermarkets led to more than 20 million yuan and 278 people were arrested.

  Xu Peng correspondent Chang Yongzhen recently learned from Zaozhuang Public Security Bureau of Shandong Province that after three months of careful layout, Xuecheng Public Security Bureau destroyed criminal gangs that set up casinos in Shandong, Jiangsu, Anhui and other places, arrested 278 suspects including Zhou, destroyed 404 dens and seized 380 gambling machines, involving more than 20 million yuan. To this end, the Ministry of Public Security specially sent a congratulatory message to congratulate the bureau on successfully detecting the case of "6 19" opening a casino.

  The time goes back to April 28th, 2018. During the daily public security management, the police of Tao Zhuang Police Station of Xuecheng Branch found that someone in a supermarket in this town used gambling machines to gamble. The police immediately inspected the supermarket and seized four gambling machines on the spot. Then the police summoned the supermarket owner Cao to the police station for investigation. During the inquiry, the keen police found that Cao was unclear about the basic situation of machine maintenance and the amount of gambling funds, and suspected that the case was otherwise hidden.

  On May 12th, Xuecheng Branch continued to investigate Cao’s suspicion of opening a casino as a criminal case. With the unremitting efforts of the police, Cao confessed the basic facts of the case. Since April 2017, he and others have placed gambling machines and fishing machines in supermarkets operated by individuals for others to gamble, involving more than 30,000 yuan. At the same time, Cao confessed that the gambling machine in his store was placed by Anhui people, and Anhui people would regularly collect gambling money and maintain the gambling machine.

  After investigation, Cao was an Anhui native who set up gambling outlets in many provinces. According to the idea of "information flow looking for clues, capital flow looking for evidence", the task force started with the bills involved and the flow of funds, made full use of big data resources such as public security cloud and police thousand degrees, and with the technical support of relevant business departments of Zaozhuang Public Security Bureau, strengthened in-depth analysis and judgment on the information of criminal suspects’ social activities, information communication, etc., and made comprehensive analysis of public security big data, screening and tracking at different levels, and carefully combed the network and organizational structure of the criminal gang.

  After preliminary investigation, it was determined that the leader of the gang was Zhou Mougan, a native of Huaibei, Anhui Province, and Zhou Moushuai and Chen Mou Dong were its backbone forces. The crimes were committed in ten leeway cities such as Anhui, Shandong and Jiangsu provinces.

  On the basis of fully grasping the suspect’s foothold, on July 17, more than 30 police officers of the task force went to Huaibei City to carry out the network-closing operation, and arrested 10 gang members such as the suspect Zhou Mogan. Shortly thereafter, the 10 action teams of the task force rushed to Yicheng, Shizhong, Shanting, Tengzhou and other districts and cities in Zaozhuang City, Suzhou City in Anhui Province, Xuzhou City in Jiangsu Province, Linyi, Jining, Heze and other surrounding cities in our province, respectively, and concentrated on the key targets that were sorted out in advance, and arrested 22 suspects.

  On August 8, 2018, in accordance with the unified deployment of the "broken chain" action of the Ministry of Public Security, the area involved in the case carried out a centralized sweeping operation, and 38 gambling machines of various types were seized, 5 people were detained in criminal detention, 1 person was released on bail pending trial, and 7 people were administratively punished. At present, the case has arrested 278 suspects, destroyed 404 dens and seized 380 gambling machines.

  Because the case spans many provinces and cities, involving many people, it is very difficult to investigate the case, and the Ministry of Public Security, provincial offices and municipal bureaus have given strong support in technical strength, regional coordination, judgment and analysis. Due to the seriousness of the case, Xuecheng Branch established a task force with Sun Hongwei, deputy head of Xuecheng District Government and director of the branch, as the commander, and the main responsible comrades of various police types as members. More than 130 police officers and auxiliary police officers were deployed to participate in the investigation of the project. All police types and departments firmly established the idea of "playing a game of chess", fighting joint warfare, synthetic warfare and regional coordinated warfare, and formed a concerted effort to tackle the problem.

Overseas media attention! China welcomes the development of the "express train"

  Cctv newsOn August 16th, CCTV’s "International Sharp Review" broadcast an article entitled "Global investors and traders, welcome to take the" express train "developed by China", which was reprinted by many overseas media.

  From 16 to 18 August, Russian Siberian News Network, European Times German Network, German-Chinese Report website, French LCF Radio facebook account, Spanish Radio International website, Italian Radio We website (facebook, twitter), Turkish Economic Observation Network, Albanian National Radio and Television website, Czech Today Information Network, Kazakhstan Industrial News website, Facebook account of Tanzania Africa Media Group, facebook account of Jordan Global Radio, Chinese PT Portal, Chinese Headline APP, Portuguese New Newspaper APP(facebook, twitter), Nordic Times website, Europe-China United Times website, European Union Chinese website, Africa Times website, West Africa online website, Japanese Chinese business website, Greek China website and many other overseas media have forwarded them one after another. From August 17th to 18th, this article was also published in Hong Kong Ta Kung Pao, Hong Kong wenhui network and Hong Kong Business Daily. The main reports are as follows:

  China recently released economic data for July, showing that the total import and export volume reached 2,602.8 billion yuan, up 12.5% year-on-year, and the growth rate was 8.2 percentage points higher than that of last month. Among them, exports were 1,389.9 billion yuan, up 6.0%, 3.0 percentage points faster than last month; Imports reached 1,212.9 billion yuan, up 20.9%, 14.9 percentage points faster than last month. Import and export balance, the trade surplus of 177 billion yuan, 83.9 billion yuan narrower than last month.

  China’s import and export growth accelerated in July, and its trade surplus narrowed, indicating that China’s measures to open wider to the outside world are releasing more dividends. As the Supreme Leader of president, China said at the 2017 annual meeting of the World Economic Forum, China’s development is an opportunity for the world, and Chinese will not commit "red eye disease". People from all countries are welcome to take the "express train" and "free ride" developed by China. Since the Chairman of the Supreme Leader announced a new round of opening-up measures at the 2018 annual meeting of Boao Forum for Asia in April this year, various measures have been intensively implemented and the commitments to opening up have been fulfilled one by one. In the second half of the year, China will also bring two major benefits to the world: First, the "Huluntong" will be opened during the year to further open the capital market; Second, the first China International Import Expo will be held in Shanghai to provide a larger market and trading platform for global trading partners and create new market demand.

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  Look at Huluntong first. It refers to the interconnection between Shanghai Stock Exchange and London Stock Exchange. Previously, China had launched Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect in 2014 and 2016 respectively, which enhanced the margin financing and securities lending capacity of the securities market between Hong Kong and mainland enterprises. "Huluntong" is the first step to connect the world’s largest emerging market with the oldest international mature market, which will not only make China’s securities market more international and legal, but also provide greater opportunities for British enterprises to deeply participate in China’s capital market. International investors can get more convenient financial support through "Huluntong" and increase opportunities for third-party market cooperation. In a recent meeting with British Foreign Secretary Hunt, China Prime Minister Li Keqiang stressed that the two sides should take the opening of the "Shanghai-Luntong" project this year as an opportunity to actively cultivate new growth points for cooperation and achieve mutual benefit and win-win results.

  Undoubtedly, "Huluntong" will become a new footnote for the opening of China’s capital market. Prior to this, the first futures product opened to the outside world from China — — Crude oil futures are listed on the Shanghai Futures Exchange, and the A shares are included in the morgan stanley capital international Emerging Markets Index; From allowing foreign investors to hold 51% shares in joint-venture securities companies and fund companies for the first time to further liberalizing the scope of foreign investors’ participation in A-share trading, a series of opening-up actions in China’s capital market have attracted increasing foreign capital inflows.

  According to the data of the State Administration of Foreign Exchange of China, the cross-border capital inflow of foreign securities investment in China in the first half of the year has tripled year-on-year. According to the statistics of China Securities Regulatory Commission, from January to July 2018, the accumulated net inflow of overseas funds into the A-share market was 161.6 billion yuan. Despite the intensification of global trade friction in June and July, the net inflow of overseas funds into the A-share market still reached 49.8 billion yuan. Recently, morgan stanley capital international Company released the index evaluation report for August 2018, and decided to increase the inclusion factor of the existing A shares from 2.5% to 5%, which will account for 0.75% of the morgan stanley capital international emerging market index.

  In capital market, confidence is more important than gold. The increasing inflow of foreign capital shows the confidence in China’s economic development. In fact, foreign investors have been waiting for China’s huge financial market and profit margin for a long time. Once the "Huluntong" is opened this year, they will undoubtedly share a bigger "cake".

  At the same time, as China’s global trading partners, they will also get more dividends from the first China International Import Expo held in Shanghai in November. As the world’s first national-level exposition with the theme of import, its role in promoting today’s world trade cooperation is unquestionable. At present, more than 2,800 enterprises from more than 130 countries and regions have registered to participate in the exhibition, and it is estimated that there will be 150,000 buyers worldwide. It is reported that more than 30 overseas enterprises have signed up in advance to participate in the second China International Import Expo next year.

  Keen exhibitors have seen that Chinese’s demand for a better quality of life and high-quality economic development is becoming a new kinetic energy for the growth of the global consumer market and a new space for enterprises from all over the world to create wealth. It is estimated that from 2017 to 2022, China will import 8 trillion US dollars of goods and absorb 600 billion US dollars of foreign investment, with a total foreign investment of 750 billion US dollars and 700 million outbound tourists. At a time when global trade and investment are blocked by protectionism and unilateralism, the above-mentioned good news from China is undoubtedly a great boost to the confidence of enterprises in various countries. According to the annual white paper "American Enterprises in China" released by American Chamber of Commerce in China at the end of May, nearly 60% of the interviewed enterprises listed China as one of the top three investment destinations in the world, one third of the members planned to expand their investment in China by more than 10%, and 46% of the respondents expressed confidence that the China government would further open its market to foreign investment in the next three years, which was higher than 34% in the same period last year.

  Looking around the world, China not only has a huge market with a population of nearly 1.4 billion, but also has the determination and actions to support trade liberalization and investment facilitation. I am afraid it is difficult for investors and traders from all over the world to find a bigger market and more opportunities than China. Now, what they need to do is to seize the opportunity and board the "express train" of China as soon as possible.

  A number of overseas media forwarded "International Sharp Review" articles:

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Russian Siberian News Network forwarded on August 17, 2018

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The German-Chinese Report website was forwarded on August 16, 2018.

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Italian Radio We website (facebook, Twitter) forwarded on August 16, 2018.

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The website of Albanian National Radio and Television Station was forwarded on August 16, 2018.

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The facebook account of Tanzania African Media Group was forwarded on August 16, 2018.

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Jordan Global Radio facebook account forwarded on August 16, 2018

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Hong Kong Ta Kung Pao was published on August 17, 2018

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Wenhui network, Hong Kong forwarded on August 17, 2018.

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Forward by Hong Kong Business Daily on August 18, 2018

Guangzhou Customs reduces customs clearance time of import and export goods by 60% to promote cross-border trade facilitation.

Customs officers of Guangzhou Customs instruct enterprise staff to use the customs self-service terminal to handle business.

Guangzhou customs officers inspect the production of dairy products in import and export enterprises. Photo courtesy of Guangzhou Customs

  Is it cumbersome for export cosmetics manufacturers to go through customs filing procedures? How to go through customs clearance procedures? How to apply for cosmetic inspection? How to become a customs AEO enterprise? On August 30th, Guangzhou Customs held a special presentation on the policy of "Customs Entering Enterprises" and "How to Go Global for Cosmetic Enterprises", and answered questions on export cosmetics, customs credit management and other related policies throughout the chain. More than 100 representatives from more than 80 export cosmetics manufacturers returned home with full loads.

  Since the beginning of this year, in order to further optimize the business environment and promote the facilitation of cross-border trade, Guangzhou Customs has organized more than 20 seminars on the credit system, and given special guidance on AEO standards to more than 2,000 enterprises. First, it has tried some measures such as simplifying the filing of export cosmetics manufacturers and "internet plus’s voluntary disclosure", such as "reducing licenses to facilitate people" and "promoting business with integrity", accelerating the promotion of "Internet+government services" and speeding up the construction of "smart customs". In August, the overall customs clearance time of Guangzhou Customs was 25.22 hours for imported goods and 2.71 hours for exported goods, both of which were reduced by more than 60% compared with 2017.

  "One Form" to Complete Enterprise Filing

  Make government services easier.

  "The biggest feeling is that there are fewer materials to be handed in. Not only do you need to provide business-related materials, but you don’t need to submit the industrial and commercial business license. You only need a piece of A4 paper to print the Information Filing Form for Export Cosmetic Manufacturers," said Xu Yandan, a salesman of Guangdong Rubik’s Cube Cosmetic Technology Co., Ltd. On August 22nd, less than an hour after applying for filing with Tianhe Customs, which belongs to Guangzhou Customs, Xu Yandan only filled in a form and completed all the formalities of filing for export cosmetics manufacturers.

  In order to further "reduce the license and facilitate the people", Guangzhou Customs went into the enterprise to carry out extensive investigation and research. In view of the problem that enterprises report a large number of application materials for the record of export cosmetics production enterprises, we will organize a special demonstration, try to simplify them first in the country, and make it clear that materials that can be replaced by online verification or notification of commitments, and that the customs can independently verify them do not need to be submitted to the customs repeatedly.

  "Can ‘ Reduce the certificate ’ It’s because Guangzhou Customs has been promoting the informatization construction, connecting with the data of the local government’s commercial subject information platform, and exempting enterprises from submitting the verifiable enterprise market supervision (industry and commerce) registration information and unified social credit code repeatedly, "said Li Xiaohong, head of Tianhe Customs under Guangzhou Customs.

  On the basis that the General Administration of Customs has simplified and integrated the deployment of the documents attached to the import declaration in the early stage, Guangzhou Customs has continued to streamline the documents and materials required for import and export customs clearance, and promoted paperless and online customs clearance. Cancel the enterprise-related list, invoice and paper declaration power of attorney, and the enterprise will provide it in a paperless way when it is really necessary for customs examination. Fully promote the application function of "single window" standard edition, realize enterprises to print export certificates of origin through "single window", promote the functions of tax reduction and exemption review and confirmation and follow-up management business application, and promote the self-printing of "special customs payment book" At the same time, electronic seals such as administrative seal and special seal for administrative license are fully enabled on the online processing platform of customs administrative examination and approval, effectively solving the "last mile" problem of online processing of customs administrative examination and approval.

  Average customs clearance time of AEO enterprises in the first eight months

  41% faster than ordinary enterprises

  "After becoming an AEO advanced certification enterprise, on the one hand, the company’s customs clearance at home and abroad is more convenient, the delivery time is shortened, and the business reputation is more guaranteed; On the other hand, foreign customers are more willing to cooperate with customs high-credit enterprises, and our competitiveness in the international market has been improved. " Liu Jianhui, CEO of Guangdong Jianmei Aluminum Profile Factory (Group) Co., Ltd. said, "According to preliminary statistics, the company’s cargo inspection rate, customs clearance time and customs clearance cost have all decreased by about 40%. The total export trade in the first eight months of this year was about 14.46 million US dollars, an increase of about 21% year-on-year."

  AEO is the abbreviation of "certified operator", and customs AEO enterprises include advanced certification enterprises and general certification enterprises. AEO system mainly certifies enterprises with high credit status, law-abiding degree and safety level through customs, and certified enterprises can get customs clearance facilities, such as giving priority to customs clearance procedures, reducing the rate of goods inspection, offering preferential tax guarantee, setting up coordinators to solve problems encountered in customs clearance, greatly shortening customs clearance time and enjoying joint incentives from relevant state departments. Up to now, China Customs has achieved AEO mutual recognition with 41 countries and regions in 14 economies, including Singapore, South Korea, European Union, Switzerland, New Zealand, Israel and Japan, and given each other convenient measures for AEO enterprises.

  Liang Huiqi, director of the Enterprise Management and Inspection Department of Guangzhou Customs, said that becoming an AEO advanced certification enterprise is equivalent to getting a "green pass" for international trade. Customs in different countries can give preferential and convenient measures to AEO enterprises in the other country through AEO mutual recognition system. In this way, whether Chinese enterprises "go out" or foreign goods "are brought in", it is more convenient and time-saving, safe, fast and low-cost.

  The data shows that this year is 1-mdash; In August, the average import clearance time of AEO enterprises in Guangzhou customs clearance area was 4.16 hours, 41% faster than that of general credit enterprises. At present, the number of AEO enterprises in Guangzhou customs area has reached 1217, 1-mdash; In August, the import and export value exceeded $66 billion, accounting for more than 53% of the total import and export value of enterprises in the customs area. Guangzhou Customs also cooperated with 33 local government departments to implement 20 joint incentive measures, and 376 AEO enterprises enjoyed such conveniences as giving priority to export tax rebates.

  "Active disclosure" encourages enterprises to be more law-abiding.

  Implementing "Trust Management" to Reduce Burden and Increase Efficiency

  "In the process of internal audit, the company found that a charge to be paid was related to imported goods, but it was not determined whether to pay when the goods were imported, so it was not declared to the customs. After discovering the problem, I didn’t know how to deal with it. Later, I learned about the customs when I attended the presentation ‘ Voluntary disclosure ’ The system immediately submitted the self-inspection report as required. After strict examination by the customs, the administrative punishment was exempted according to law. " Liang Guifen, manager of Guangzhou Jebsen Beverage (China) Co., Ltd. said.

  Liang Guifen believes that "voluntary disclosure" gives enterprises the opportunity to take the initiative to correct mistakes, and also reduces the impact of omissions on the company’s operations. In April this year, the company voluntarily disclosed the royalties involved in the beer and other goods it imported in 2018, and after accounting by the customs inspection department, it voluntarily paid more than 9 million yuan in taxes. Because it met the conditions of "voluntary disclosure", Guangzhou Customs exempted it from administrative punishment according to the Customs Inspection Regulations.

  The "voluntary disclosure" system implemented by the customs encourages enterprises to report to the customs in writing on their own initiative the errors that are not in conformity with the customs management regulations and are not found by the customs after self-inspection by enterprises. Customs can provide preferential policies such as reducing or exempting tax late fees and administrative penalties for law-abiding and self-disciplined enterprises according to the law, which not only improves the efficiency of customs administrative law enforcement, but also greatly encourages enterprises to consciously abide by the law and is conducive to creating a good business environment.

  "We launched ‘ in August. Internet plus voluntarily disclosed ’ , online processing makes the process clearer, the communication between enterprises and enterprises more efficient, and improves the enterprise ‘ Voluntary disclosure ’ The enthusiasm. " Wang Lei, Deputy Chief of Inspection Business Management Section of Enterprise Management and Inspection Department of Guangzhou Customs, introduced. In the first eight months of this year, Guangzhou Customs accepted 67 cases of "voluntary disclosure" by enterprises, involving about 31.67 million yuan in taxes.

  In order to encourage enterprises to be honest and law-abiding, Guangzhou Customs also implements trust management for enterprises in the customs area, further clarifies the work related to the "voluntary disclosure" system and fault-tolerant mechanism, and does not record customs declaration errors for "declare in advance" customs declarations that meet the prescribed conditions. The operation time for customs to review the application for customs declaration error review has been reduced to an average of about 20 minutes, which has effectively reduced the burden and increased efficiency for enterprises. So far, 601 relevant customs declarations have been reviewed for errors, and the number of applications for review by enterprises has increased by 23% year-on-year.

  "Online Customs" and China Unicom’s customs clearance are deeper.

  Government service "Guangdong saves trouble"

  On July 19th, as the customs officers of Foshan Customs Office in Gaoming, a subsidiary of Guangzhou Customs, obtained the bonded goods data of Guangdong Yida Textile Co., Ltd. on the special government service (Guangzhou) system of "internet plus Customs", Guangzhou Customs successfully connected the ERP system of customs networked supervision enterprises with "online customs" for the first time.

  Enterprise Resource Planning, also known as "enterprise resource planning", refers to the establishment of an enterprise management system based on computer information system, which integrates material resources, human resources, financial resources and information resources.

  "Through ‘ Online Customs ’ It is very convenient to handle customs business, but before that, we still need to submit the inventory data of the electronic account book verification cycle to the customs business site when the electronic account book expires, and because of the wide variety of bonded goods in our company, the long production process and the large amount of data, every time we submit the data, we must have special personnel to follow up. " Mai Zhiwei, manager of Guangdong Yida Textile Co., Ltd. said, "This time, our ERP system and ‘ Online Customs ’ Networking docking, as long as the enterprise is turned on for 5 minutes, the customs can grab the required business data online, which reduces the time of going to and from the scene, and also avoids human errors for us. The saved manpower, financial resources and time can make us more focused on production and operation. "

  Recently, Guangzhou Customs has actively promoted the docking of "online customs" with Guangdong’s "digital government" construction project and achieved initial results. Six government service items, such as "printing without registration certificate for enterprises", "processing result without registration certificate for resident offices" and "application for cancellation of resident offices", have been integrated into Guangdong government service self-service terminal, and two platforms, such as Guangzhou inbound and outbound postal express customs clearance inquiry and Guangzhou cross-border e-commerce goods customs clearance inquiry, have been successfully docked with the mobile phone terminal.

  The relevant person in charge of Guangzhou Customs said that Guangzhou Customs will implement the work arrangements of the General Administration of Customs and Guangdong Province to enhance cross-border trade facilitation, persist in striving for progress while maintaining stability, and further optimize processes, streamline documents, improve efficiency, reduce costs, create an honest and law-abiding business environment and promote cross-border trade facilitation on the existing basis.

  Written by: Chen Xiao Guan Yue

China Banking and Insurance Regulatory Commission issued seven opening measures: encouraging overseas financial institutions to invest in wealth management subsidiaries.

  According to the website of China Banking and Insurance Regulatory Commission, China Banking and Insurance Regulatory Commission continues to promote the opening of banking and insurance industry to the outside world, optimize the business environment for foreign investors in the financial sector, enrich market supply, enhance market vitality, enhance competitiveness and promote the healthy development of China’s financial industry. Recently, seven new policies and measures for opening to the outside world have been studied and released.

  I. Encourage overseas financial institutions to participate in the establishment and investment of financial subsidiaries of commercial banks.

  The Measures for the Administration of Financial Subsidiaries of Commercial Banks clearly stipulates that financial subsidiaries of banks can be wholly-owned by commercial banks, or jointly funded with domestic and foreign financial institutions and domestic non-financial enterprises. Introducing foreign financial institutions with expertise and international influence in wealth management and investing in bank wealth management subsidiaries is conducive to introducing advanced and mature investment concepts, business strategies, incentive mechanisms and compliance risk control systems in the international asset management industry, further enriching the supply of financial products, stimulating the vitality of market competition and promoting the healthy and orderly development of China’s bank wealth management business. China Banking and Insurance Regulatory Commission will guide qualified and willing banks to strengthen active contact with relevant foreign-funded financial institutions, and continue to encourage and guide bank wealth management subsidiaries to do a good job in introducing foreign capital.

  Two, allow overseas asset management institutions and subsidiaries of Chinese banks or insurance companies to set up a foreign-controlled wealth management company.

  China’s asset management market has a huge scale and development potential, and it is difficult for existing asset management institutions to fully meet the rapidly growing diversified market demand. Compared with international advanced asset management institutions, most of the asset management institutions of Chinese banks and insurance companies, including wealth management subsidiaries, have been established for a short time and have less experience. At present, Chinese banks, insurance companies and foreign advanced asset management institutions are mainly engaged in business cooperation, allowing joint ventures to set up foreign-controlled wealth management companies, which is conducive to introducing international advanced asset management practices and professional experience, promoting the steady development of asset management industry and capital market, giving play to the respective advantages of Chinese and foreign asset management institutions, further enriching market players and business products, and meeting the diversified service needs of investors. At the same time, the existing asset management subsidiaries of Chinese banks and insurance companies can complement each other with their foreign wealth management companies, and develop at a moderate dislocation.

  Overseas asset management institutions and subsidiaries of Chinese banks or insurance companies are allowed to jointly set up foreign-controlled wealth management companies. In the early stage, pilot methods can be adopted to give priority to supporting the entry of mature and stable wealth management institutions recognized in foreign markets. Both RMB funds can be raised and some foreign currency long-term funds can be raised. In the pilot process, China Banking and Insurance Regulatory Commission will pay more attention to the professionalism, prudence and stability of supervision, pay more attention to the supervision after the event, guide the steady development of institutional compliance through on-site inspection and off-site supervision, sum up the pilot experience in a timely manner, and study and expand the pilot scope in a timely manner.

  Three, allow overseas financial institutions to invest in the establishment and shareholding of pension management companies.

  At present, China’s pension management market is dominated by the second pillar enterprise annuity fund management, with limited scale and growth. However, the domestic pension management company is still in the pilot stage, and the pilot adopts the method of one mature company and one approved company. There is only one Jianxin pension management company established by CCB. Allowing foreign investors to set up pension management companies is conducive to increasing the types of subjects, enhancing market vitality, introducing mature pension management experience and improving the level of pension investment management. In the next step, China Banking and Insurance Regulatory Commission will promote the improvement of relevant laws and regulations, and continue to adopt the method of "one mature company, one approved company", and work with relevant ministries and commissions to do a good job in the licensing of pension management companies.

  Four, support the establishment of wholly foreign-owned or equity money brokerage companies.

  In 2005, the State Council approved the pilot of money brokerage companies. Since the pilot, five money brokerage companies have been established to actively carry out transactions in foreign exchange market, money market, bond market and derivative products market at home and abroad, which has played a positive role in activating China’s financial market, improving transaction efficiency and reducing transaction costs. At present, the top five money brokerage companies in the world have all participated in the establishment of five money brokerage companies in China through joint ventures.

  Further increasing the proportion of foreign shares in money brokerage companies is conducive to giving full play to the management advantages of foreign shareholders, improving the operating efficiency of money brokerage companies, promoting orderly competition in the industry, and improving the transparency and transaction efficiency of financial markets. China Banking and Insurance Regulatory Commission actively supports Chinese and foreign shareholders of existing currency brokerage companies to determine their own foreign share ratios on the basis of equal consultation. At the same time, on the basis of comprehensive evaluation of the impact of newly established currency brokerage companies on the existing market competition pattern, we will steadily promote the establishment of new foreign currency brokerage companies.

  5. Shorten the transition period from 51% to 100% for foreign-funded life insurance companies to 2020. 

  On July 2, 2019, Premier Li Keqiang delivered a special speech at the opening ceremony of the 2019 Davos Forum, saying that the original stipulation of canceling the foreign life insurance share ratio limit in 2021 would be advanced to 2020. Abolishing the share ratio restriction of foreign-funded life insurance companies will help attract more high-quality foreign-funded insurance institutions to enter the China market, introduce more advanced business concepts and more diversified life insurance products, enhance the vitality of the life insurance market and provide better services for the real economy. In the next step, China Banking and Insurance Regulatory Commission will promote the promulgation of "Regulations on the Administration of Foreign-funded Insurance Companies in People’s Republic of China (PRC)" and other relevant laws and regulations, and timely implement the regulations in relevant administrative licensing work. At the same time, strengthen post-event supervision and maintain market order.

  Six, cancel the provisions of domestic insurance companies holding the shares of insurance asset management companies shall not be less than 75%, allowing foreign investors to hold more than 25% of the shares. 

  Loosening the restrictions on the foreign shareholding ratio of insurance asset management companies is conducive to absorbing the experience and practices of excellent overseas insurance institutions, stimulating the vitality of the domestic insurance asset management market, promoting the improvement of the asset management capabilities of insurance asset management companies, and better serving the preservation and appreciation of insurance assets. 

  In the next step, China Banking and Insurance Regulatory Commission will promptly revise the Interim Provisions on the Administration of Insurance Asset Management Companies and implement the opening-up measures. While opening wider to the outside world, China Banking and Insurance Regulatory Commission will continue to improve the regulatory requirements of insurance asset management companies, strengthen the management of shareholders’ qualifications, further strengthen the continuous compliance requirements of insurance asset management companies, and effectively guard against various risks. 

  Seven, relax the access conditions of foreign-funded insurance companies, cancel the 30-year operating life requirement.

  At present, foreign insurance companies to set up foreign-funded insurance companies in China need to meet the requirements of operating insurance business for more than 30 years. In recent years, with the deepening of opening to the outside world, most foreign insurance companies in Fortune Global 500 have entered China and played an active role in the insurance market in China. The cancellation of the 30-year operating life requirement has created conditions for foreign insurance companies with operating characteristics and expertise but insufficient operating life to come to China, which is conducive to further enriching insurance market players and insurance professional services and promoting the high-quality development of the insurance industry.

  Welcome more qualified foreign insurance companies to set up business offices in China, combine their advanced experience with the reality of China, and promote each other with Chinese companies in the competition to jointly serve the real economy and the increasingly diversified financial service needs of consumers. China Banking and Insurance Regulatory Commission will immediately start the revision of relevant laws and regulations, and put them into practice upon completion.

ByteDance and Iqiyi are constantly making new moves, and the long and short video platforms are in close combat?

Wen | Different View Finance

In the field of long video, three video platforms, iQiyi, Youku and Tencent Video, have formed a "three-legged" trend. Three platform opportunities can lead the development direction of the long video industry.

On February 28th, Beijing time, iQiyi (NASDAQ: IQ) announced the unaudited financial report for the fourth quarter and the whole year as of December 31st, 2019. The financial report shows that in the fourth quarter of 2019, iQiyi’s revenue was 7.5 billion yuan and its net loss was 2.5 billion yuan. Both revenue and net loss were better than expected.

Although iQiyi, Youku and Tencent Video are backed by BAT, they still lose money and continue to burn money. The profit seems to be in the foreseeable future. Judging from the latest financial report released by iQiyi, the loss is narrowing. Is this a positive signal?

Why is the long video platform difficult to make a profit from the iQiyi financial report?

According to the financial report, Iqiyi’s Q4 revenue in 2019 was 7.497 billion yuan, up 6.7% from 7.027 billion yuan in the same period of last year, up only 1.4% from 7.397 billion yuan in the previous quarter.

(Source: Financial Report)

As can be seen from the above figure, although iQiyi’s revenue maintained growth, the year-on-year growth rate continued to decline. Iqiyi’s income mainly consists of membership services, online advertising services, content distribution and other income.

In the fourth quarter, Iqiyi’s membership income was 3.861 billion yuan, up 20.6% from 3.201 billion yuan in the same period of last year, up 3.9% from 3.717 billion yuan in the third quarter. In the fourth quarter, membership service revenue accounted for 51.5%, making it the largest source of income for iQiyi. Iqiyi said that the revenue growth was mainly due to the high-quality content and diversified operations, which promoted the growth of the number of subscribers.

Gong Yu, founder, director and CEO of Aiqiyi, said that the revenue of Aiqiyi’s membership business increased by 36% in 2019, and the number of subscribed members reached 107 million. Looking forward to the next decade, the upcoming continuous innovation of 5G commercial and artificial intelligence technologies will bring great opportunities to Aiqiyi. As users in China are more and more willing to pay for high-quality content and use convenient payment methods, they will jointly bring great growth potential to the iQiyi business.

According to the financial report, as of the end of the fourth quarter, the number of subscribed members of iQiyi reached 107 million, and the number of subscribed members increased by 22% year-on-year. On the whole, the growth of subscription members is also slowing down, and with the decline of demographic dividend, membership growth seems to have peaked.

(Source: Financial Report)

Online advertising revenue was 1.883 billion yuan, down 14.6% from 2.204 billion yuan in the same period of last year and down 8.9% from 2.067 billion yuan in the third quarter. In the fourth quarter, online advertising revenue accounted for 25.1%, and the contribution of online advertising revenue continued to decline. Iqiyi said that macroeconomic challenges have led to a decline in online advertising revenue. Yiguan Finance believes that the decline in online advertising revenue is also related to the rapid development of short video platforms. With the rise and rapid development of short video platforms such as Aauto Quicker, Tik Tok and bilibili, users’ attention and advertisers’ budget have shifted, and the advertising business of long video network has been robbed of "share".

Content distribution revenue was 878 million yuan, a year-on-year increase of 68%. Content distribution income mainly comes from broadcasting authorized content. In 2019, hit dramas, such as Little Joy, Dear, Love, and Joy of Life, were distributed by iQiyi. From the perspective of revenue growth, the distribution of these hit dramas has achieved good results.

In the fourth quarter, the income from other businesses of iQiyi was 874 million yuan, down 21% year-on-year. In 2019, the annual revenue was 3.7 billion yuan, a year-on-year increase of 30%. This is mainly due to the growth of many vertical businesses, especially the strong growth of game business after the acquisition of Tianxiang Mutual Entertainment.

Thanks to the reduction of content cost, iQiyi’s Q4 net loss in 2019 was 2.49 billion yuan, narrowing by 28% year-on-year and 32.6% quarter-on-quarter. However, in 2019, iQiyi lost 10.3 billion yuan for the whole year, still showing an expanding trend year-on-year.

According to the financial report, in Q4 of 2019, the operating cost of iQiyi was 7.914 billion yuan, and the content cost was 5.7 billion yuan, accounting for 72% of the operating cost. Content cost includes copyright purchase cost and content production cost.

Gong Yu, founder, director and CEO of iQiyi, mentioned in the earnings conference call that the content cost in 2019 only increased by 6% because of the continuous optimization of the content structure. The financial report shows that in 2019, the content cost of iQiyi was 22.2 billion yuan.

As can be seen from the balance sheet of iQiyi, the content assets of iQiyi include current assets-net value of copyright content, non-current assets-net value of copyright content, and non-current assets-net value of self-made content.

The financial report shows that as of December 31, 2019, iQiyi’s self-made content assets were 4.355 billion yuan, an increase of 16.6% compared with 3.736 billion yuan in the same period of last year; At the end of the period, the authorized content assets totaled 7.51 billion yuan, down 3.7% year-on-year.

From the changes of self-made content assets and authorized content assets, iQiyi achieves structural optimization by increasing the proportion of self-made content and decreasing the proportion of authorized content.

Gong Yu said at the conference call that film and television plays are still the main driving force for members to add value. At present, the hit dramas on the platform of iQiyi, such as Joy of Life and Dear, Love, all belong to copyrighted works.

Self-made video content, which will involve IP copyright purchase of film and television dramas, actor pay, shooting and other production costs, which are all important items of cost expenditure. The self-made variety "Qi Pa Shuo" has continued for six levels, and the topic heat has remained unchanged. "Sword Dynasty", starring Li Xian, a streaming star, is popular in Iqiyi. Although the limitation of star pay and the rising trend of drama prices slow down, the cost of purchasing copyright and the cost of self-made drama and variety shows decrease, it still cannot reverse the loss of video platforms.

In the case of membership growth meeting the ceiling, video websites began to change their thinking and tap the value of membership. If video websites want to turn losses, they need to constantly try new business models.

In terms of member value-added services, the charging mode of "member-on-demand in advance" launched by the video platform was criticized by the whole network and was questioned as "ugly", but it did not stop the determination of video websites to implement the charging mode of "member-on-demand in advance", which will become a normal broadcasting mode in the future.

Gong Yu thinks that although there are relatively few dramas adopting this mode at present, it accounts for a small proportion of the total revenue, but this mode is successful. "In the future, we will take this mode as a normal way of broadcasting. At present, the impact of advanced on-demand on the average revenue per user (ARPU) in the fourth quarter of 2019 and the first quarter of 2020 is not great, but it will be an important way to improve ARPU in the future. "

Iqiyi is constantly changing in the form of advertisements, such as patch advertisements and original small theater advertisements for online dramas. Iqiyi is also constantly trying to make use of advertising resources. Although Iqiyi members have purchased VIP members, they still have to watch advertisements. For example, in a 45-minute episode, all kinds of advertisements are inserted in the title, preview, film and ending, and even members are not spared. Some members can close it manually, while others can’t close it by force.

Iqiyi also said that the membership fee has increased. With the development of video websites for many years, people in China have a certain understanding of the paid membership model, but the acceptance of the paid membership model in China is not so high. In the long-term competition, video websites attract paying members through promotion, although it can boost revenue growth, but it is difficult to achieve profitability. Under the situation of tripartite confrontation, if only one party announces the price increase, it is likely to cause the loss of users.

Video websites are still content-oriented. Yiguan Finance has conducted a small-scale survey. Most paid members of video websites said that a video website member can almost meet their own needs for watching movies/dramas. Which platform can meet your own viewing needs, you will choose which platform, and you will not love a certain platform alone. There are also some users who have registered a number of platform members, but they will not buy annual members, but will only choose monthly membership when chasing a favorite film and television drama.

From this point of view, the loyalty of video platform users remains to be assessed. Whether the video website has enough rich content such as TV dramas and variety shows is the key to retain users. After all, users pay for high-quality content, and the continuous output of high-quality content is the key to the continuous growth and retention of paying users on the platform.

In addition, some insiders told Yiguan Finance that there is another factor in the loss of video websites, that is, the pressure on servers and bandwidth. The video platform should ensure that hundreds of thousands or even millions of people can watch online at the same time, and sometimes upload data traffic such as barrage. These fixed expenses are not small.

With the sudden outbreak of the COVID-19 epidemic, everyone was forced to stay at home and play drama. As a result, when I wanted to meet you was updated on February 26th, iQiyi collapsed, and "iQiyi collapsed" was returned to Weibo for hot search. From the technical principle, there are two reasons for the server crash, one is that the server content is tight, and the other is that the service design is flawed. It seems that Ali, JD.COM and others built their own cloud computing data centers for a reason.

In the layout, short videos, long videos and short videos erode each other and fight hand in hand?

Typical Internet users will allocate their online entertainment time to many different fields, including video (Youaiteng’s three long video websites; Tik Tok, Aauto Quicker and other short video sites) game videos (Tiger Tooth, bilibili, Betta Fish, etc.) and news push platforms. With the disappearance of traffic bonus, the peak of membership and the continuous loss, iQiyi needs new stories to enhance its commercial imagination. With the rapid rise of short videos, Iqiyi is constantly trying to seek new breakthroughs.

In fact, iQiyi has launched a variety of short video products, such as gingerbread, whale eating, natto, Jinshi and many videos. Although it failed to attract enough attention, it never gave up. Currently in the "Small Video" entrance of the top column of iQiyi app.

According to Tech Planet, iQiyi recently launched a short video featuring short videos of young trends. Iqiyi launched the "Shake Short Video" this time, on the one hand, it is an expansion and attempt of its own short video classification, on the other hand, it is to seize the popularity of 5G, constantly innovate, accelerate trial and error, and strive to create an explosive short video APP.

For the layout competition in the field of short video, at the conference call of Iqiyi’s 2019 Q4 and annual financial report, Gong Yu, the founder and CEO of Iqiyi, announced that he planned to launch a YouTube mode App called "On Time", and said that Ge Hong, who had rich technical and management experience in companies such as Facebook and Airbnb, would fully lead the business. This seems to show the determination of short videos in the layout of iQiyi.

It is reported that there will be two main categories of "on-demand" video content. The first category is PUGC content, which is mainly uploaded by MCN, individuals and professional organizations. In addition, the long video content of iQiyi will also be played on-demand, thus forming a strategic synergy of "long video+short video".

The content production methods of short videos are mainly PGC (professional production content) and UGC (user-produced content), which are mainly realized by advertising. The long video is either self-made or needs to buy copyright, and the realization methods are mainly user payment and advertising.

In the field of short and medium videos, iQiyi will face the competition from headline department, bilibili and Tik Tok.

Headline has a huge user base and a high daily activity rate, which lays the foundation for the commercial realization of long video. Headlines rely on its good recommendation algorithm to analyze and summarize users’ video preferences and playing habits through big data, and apply them to headline-made videos. They can even customize headline users’ exclusive homemade dramas and homemade variety shows according to the results of big data analysis and user preferences.

Compared with short video platforms, the advantages of long video platforms such as Youaiteng come from the copyright and IP resources of a large number of content creators. Youaiteng takes the lead in the segmentation field in the short video industry through its own areas of expertise. Strict supervision has, to some extent, "forced" the short video head platform to enhance the awareness of copyright, continuously expand the content map, and cultivate and expand the long video user base.

With the sudden outbreak of the COVID-19 epidemic, all the films for the Spring Festival in 2020 were withdrawn. On January 24th, Lost in Russia, directed by Xú Zhēng, announced that he would cooperate with ByteDance’s platform, and the "Headline System" short video platform (Tik Tok/Watermelon/Volcano) was broadcasted independently for free, which aroused the attention and heated discussion in the industry. Many people think that this is not only a symbol of headlines entering the long video and film industry.

With the expansion of users, long and short video platforms have already eroded each other. Short video platforms pay more and more attention to original content, and the competition for original content between long and short video platforms will become more and more fierce.

On the National Heroes on the Screen: Supporting the Backbone of the Nation from "Dangkou Fengyun"

Poster of "Dangkou Fengyun"


Special feature of 1905 film network In the splendid history of the Chinese nation for 5,000 years, there have been countless epic national heroes, and their stories have been constantly reshaped in various artistic forms. Since the birth of China’s films, there have been endless films praising national heroes. This year, there are still many films on this theme in China film market. In addition to the hit "Wandering in the Wind", films based on the Sino-French War in the late Qing Dynasty will also be shown in the summer file. This gives us a chance to review the light and shadow and capture all the great national hero images on the screen.

 

China has a vast territory since ancient times, and wars have been going on constantly, so a fighting hero like Yue Fei has emerged. With the rapid expansion of western forces, the Ming and Qing Dynasties, where wars were frequent, became a historical opportunity for national heroes to be tempered and born in the war. The story of the movie Dangkou Fengyun took place during the Jiajing period of the Ming Dynasty. The Japanese pirates constantly harassed and plundered the southeast coast of China, and the government troops were helpless in the face of foreign pirates, and the local people were in dire straits. Qi Jiguang, a young military attache from a military family, came to Zhejiang to take charge of the military affairs against Japan. In order to organize a truly effective army in the face of the enemy, Qi Jiguang recruited brave miners from the local area for strict training, and formed the "Qijiajun" which made the enemy fear.

 

Qi Jiguang has both civil and military skills in history, so it is wise to choose Chiu Man-Cheuk, who is a martial arts player with elegant temperament, to play in the movie "Dangkou Fengyun". Yu Dayou, another famous anti-Japanese actor in the film, is played by Sammo Hung, a veteran action film director and actor. The incarnation of the two kung fu superstars as historical celebrities has undoubtedly enhanced the visibility of the film from a commercial point of view. However, the point of view of "Wandering in the Wind" is not limited to this. Restoring history through grand war scenes is the focus of the film. Director Chen Jiashang studied Qi Jiguang’s relevant historical materials for nearly ten years, and finally chose Qi Jiguang’s experience of training Qi Jiajun as a "special force" as a breakthrough point to show the fighting spirit inspired by the generals, soldiers and coastal people in the face of the Japanese invasion.

Stills of Lin Zexu

 

Compared with those national heroes who became famous for their martial arts, Destruction of Opium at Humen’s Lin Zexu became a widely spread example for his boldness and courage. Lin Zexu’s deeds have been put on the big screen many times. The two most influential editions are Lin Zexu in 1959 and directed by Xie Jin in 1997. The two films are respectively starred by Zhao Dan, the earliest "national male god" in China films, and Bao Guoan, who is well-known for his role of Cao Cao in the TV series Romance of the Three Kingdoms. Lin Zexu, played by Zhao Dan, is elegant and indifferent, while Bao Guoan emphasizes his concern for the country and the people. There are many subtle differences in temperament between the two versions of Lin Zexu, but on the whole, they all depict Lin Zexu’s upright and unyielding national character in the face of political enemies and aggressors from different angles.

Stills of Opium War

 

In particular, the film Opium War, which creatively added a large section of English drama in all English, examined the situation at that time from a different perspective. The film was released on the eve of Hong Kong’s return to China. At that time, after more than 20 years of reform and opening up, China’s national strength increased greatly, and people’s material and cultural lives were much richer than before. As the film says, only when a nation really stands up can it face up to and reflect on its humiliating history. Many times, the film described the smoking ban situation at that time with smoky and dim scenes, and at the same time, it also alluded to the unbearable political environment. Local officials committed crimes and bullied their superiors and deluded their subordinates everywhere. In this case of corruption and decline, the film vividly depicts a loyal and wise veteran Lin Zexu, and his "loyalty" and "righteousness" are also particularly deplorable.

 

Lin Zexu’s greatest historical achievement lies not only in hosting Destruction of Opium at Humen to show Chinese’s determination and perseverance, but also in his inspiration to the later generations to "open their eyes to the world". Under the guidance of this thought, the Westernization Movement of "learning from foreigners and strengthening ourselves" rose, and the Qing government set up the strongest fleet in Asia — — Beiyang navy. In this fleet, a heroic hero was born, whose name was Deng Shichang.

Stills of the Sino-Japanese War

 

In 1894, in the Sino-Japanese Lunar New Year, the Japanese naval joint fleet broke into the waters of China and challenged the Beiyang Navy in China. The film "Sino-Japanese War" released in 1962 reflects this history. It focuses on portraying the heroic image of Deng Shichang, the leader of Zhiyuan Ship, and contrasts it with Li Hongzhang and Fang Boqian, who are weak and afraid of war. The film is starred by actor Li Moran, who successfully created the hero Deng Shichang, a classic character in the history of China film, with his generous figure and resolute temperament. Although the ship in the film is different from the real history due to the limitation of technical level, the thrilling naval battle scene left a deep impression on that generation of China audience. Countless people feel sorry for the complete defeat of Beiyang Navy, but Deng Shichang, played by Li Moran, commanded the scarred Zhiyuan to crash into the joint fleet’s Yoshino, and this scene showed the spirit of death, which still deeply inspired the audience.

Poster of 1894 Sino-Japanese War

 

Fifty years after the release of "The Storm of the Sino-Japanese War", the audience welcomed the movie "1894 Sino-Japanese War" with the same theme, which was shot by the famous war film director Feng Xiaoning. The film increased the feud between the protagonist Deng Shichang and the enemy officer Ito Sukeyuki before the naval battle, and strengthened the dramatic tension of the whole story. Most of the main actors in the film showed credible acting skills. Although as a film released in 2012, its costume props and war scenes are still far from those of the current large-scale commercial films, the film has created a different kind of tragic, and this tragic comes from the appeal of national heroes themselves.

 

The Opium War made China lose Hongkong, and the failure of the Sino-Japanese War of 1894-1895 forced China to admit the Japanese occupation of Taiwan Province. It was not until half a century later that the people of China won an all-round victory in War of Resistance against Japanese Aggression that Taiwan Province was recovered. And this troubled treasure island is not the first time occupied by invaders. In the late Ming and early Qing dynasties, she once fell into the hands of Dutch invaders. The Chinese people on Taiwan Province Island could not bear the exploitation and torture of the Dutch, so they had to turn to the motherland on the other side of the Strait. Zheng Chenggong, as the mainstay of the generals in the Southern Ming Dynasty, organized a fleet to sail for Taiwan Province without hesitation after learning what happened to his compatriots, and with the cooperation of compatriots on the island, he defeated the cunning and ferocious enemy and brought Taiwan Province back to China.

Stills of Hero Zheng Chenggong


Zheng Chenggong’s story was put on the screen by director Wu Ziniu in 2001. The film "Hero Zheng Chenggong" also stars Chiu Man-Cheuk. From Qi Jiguang to Zheng Chenggong, it seems that Chiu Man-Cheuk really has some unique temperament, which accords with the audience’s traditional cognition of national heroes. Compared with Qi Jiguang’s high spirits, the film adds a sadness and resentment to Zheng Chenggong’s ruin. Under Chiu Man-Cheuk’s meticulous interpretation, the heroes are full of masculine beauty, and also perfectly express the people on both sides of the Taiwan Strait’s deep affection and their common desire for reunification.

 

Before the Japanese rebellion in the Ming Dynasty, China rarely encountered foreign enemies from the sea; In the Qing Dynasty after the Ming Dynasty, just like the Dutch invaders in Hero Zheng Chenggong, more difficult enemies began to cross the sea from further places. The movie The Battle of the Dragons, which will be released in the summer, is such a story background. In the 1980s, French troops from the European continent brazenly invaded China’s vassal Viet Nam, and approached China’s border, killing China’s border people, and the Sino-French war broke out. In the anti-aggression war, including this war in modern times, China is no longer confronted with an enemy as savage and backward as the Japanese pirates in the Ming Dynasty, but a great power with more advanced weapons and systems. It is under this circumstance that China’s soldiers and civilians, led by veteran Feng Zicai, have shown their tenacious resistance and national integrity.

"Battle of the Dragon" poster

 

In the movie Battle of the Dragons, in order to save the situation of losing ground, the Qing government reactivated Feng Zicai, who was old and retired. And he didn’t live up to the trust of the country. At the age of nearly 70, he personally fought with a knife and gun, bravely fighting the tall and strong black soldiers of the French army, and finally led the Qing army to win the victory in Zhennan. Old general Feng Zicai is also a well-deserved national hero.

 

From The Storm of the Sino-Japanese War to The Battle of the Dragons, generations of filmmakers have created vivid and touching images of national heroes on the big screen. For thousands of years, it is under the inspiration of these heroes that countless Chinese sons and daughters have fought for the land under their feet unswervingly and fearlessly. With the rising of China’s economy and the continuous improvement of film technology, we will be able to make better national hero films, not forgetting history and praising their great national spirit. This is not only the needs of movie audiences, but also the spiritual needs of the nation, because it is these national heroes who prop up the unyielding backbone of the Chinese nation.

More than 10 tons of chemically synthesized fake jellyfish silk entering the market is harmful to long-term consumption.

  In fact, this "artificial jellyfish silk" is not a seafood at all. Its raw materials are three food additives: sodium alginate, ammonium aluminum sulfate (commonly known as alum) and anhydrous calcium chloride.

  Jellyfish silk has also been faked! Yesterday, the media in Hangzhou revealed that Huzhou police seized a large number of fake jellyfish silk in the local farmers’ market according to the report, and then traced it to a ton of fake jellyfish silk. The so-called "jellyfish silk" was all artificially synthesized with chemical raw materials. And the source of this fake jellyfish silk is actually in Changzhou.

  The Yangzi Evening News reporter contacted Changzhou police to confirm that it was true. An Anhui couple hired a coolie in Changzhou and rented a private house in Zouqu, Changzhou as a small workshop to produce and process this fake jellyfish silk.

  Yangzi Evening News All-Media Reporter Zhang Bin

  False jellyfish silk exposure

  After the information of "Fake jellyfish silk" is released, frightened friends may need a dish of real jellyfish silk to suppress the shock, so it is necessary to popularize science here — —

  How to tell true from false jellyfish silk?

  false

  Jellyfish silk:

  It’s transparent, tasteless and tough, and it’s not easy to break by pulling it gently with your hands. If you take it out of the water and put it for a while, it will be as soft as scotch tape.

  real

  Jellyfish silk:

  It looks white and yellow, and smells fishy. High-quality jellyfish silk is white or light yellow, with color and no erythema and sediment. Spread out jellyfish silk, the bigger, the whiter and the thinner the better. The meat is crisp, not hard, not broken, crunchy and chewy.

  The case is full of ups and downs

  Media exposure:

  Huzhou seized "artificial jellyfish silk"

  The suspect confessed that he was learning from Changzhou’s "master".

  On May 7th, Hangzhou media published a case that Huzhou police cracked the sale of fake jellyfish silk.

  According to the media report, "three suspects, including Yuan Mou, illegally produced and sold fake jellyfish in the farmer’s market in Shangcheng Road, Zhili Town, Huzhou for almost a year!" In late April this year, the Food and Drug Ring Detachment of Huzhou Public Security Bureau received such a report. Huzhou police immediately joined forces with the Market Supervision Bureau to enforce the law. On April 22nd, they seized more than 300 kilograms of "artificial jellyfish silk" on the spot.

  After investigation, since June, 2015, Yuan and others, knowing that the artificial jellyfish silk did not meet the food safety standards, still used sodium alginate, anhydrous calcium chloride, ammonium aluminum sulfate and other raw materials to make artificial jellyfish silk, and sold it in the frozen food store operated by Shangcheng Road Farmers’ Market in Zhili Town, making an illegal profit of more than 70,000 yuan.

  According to Yuan, he also knows that this fake jellyfish silk is harmful, but the wholesale price of jellyfish in the past two years is generally 30-50 kg, and the breeding period is about 40 days. The cost of fake jellyfish is nearly half lower than that of cultured jellyfish, and it sells well and the production cycle is not long, so they will take risks for almost a year.

  He also said that his craft was learned from the "master" in Changzhou, and the raw materials were also imported from the "master".

  Therefore, Huzhou police rushed to Changzhou, and on the afternoon of April 29, they arrested Jia, the "master" Yuan said, and his accomplices Sun and Ma. And seized 1 ton of finished and semi-finished products of "artificial jellyfish silk" at the scene! After investigation, Jia and other three people have produced more than 10 tons of fake jellyfish in the past year, making an illegal profit of more than 100,000 yuan.

  Jia confessed that people from many places came here to study art and purchase goods.

  Reporter connection:

  Changzhou police cooperate with "one pot end"

  The "counterfeiting den" is located in a private house in Zou District, Changzhou.

  Yesterday afternoon, the reporter contacted Changzhou police to confirm that it did happen. According to Changzhou police, Huzhou police, together with law enforcement officers from the local market supervision department, came to Changzhou. After knowing the specific location of the fake dens, they asked Changzhou police to cooperate with them to arrest the suspects.

  "Food cases are no small matter!" After receiving the instruction, the Public Security Bureau of Zhonglou attached great importance to it, and immediately arranged nearly 20 police officers to cooperate with the arrest. Everyone Qi Xin worked together to arrest the suspects Jia Mou, Sun Mou and Ma Mou in a private house in Qianjia Village, Zouqu Village Committee, Zouqu Town, Zhonglou District.

  A police officer involved in the arrest told reporters that they were also surprised when they saw the scene! Houses have become private workshops filled with plastic buckets of all sizes. Three people are producing and processing "fake jellyfish silk" in the workshop. Law enforcement officers in Huzhou seized a large number of raw materials and "fake jellyfish silk" at the scene. Later, I called a truck to drag these fake tools and products back to Huzhou.

  According to Changzhou police, the trial of the case, taking photos on the spot and obtaining evidence were all conducted by Huzhou police and law enforcement officers of the local market supervision department. Changzhou police mainly cooperate with the arrest work and are not very clear about the specific circumstances of the case. However, Changzhou police learned that the three suspects were all from Anhui, two of them were husband and wife, and the other was a coolie hired by the husband and wife. The couple are doing business in Changzhou, but the Huzhou police are still investigating where the "fake jellyfish silk" flows.

  Changzhou police said that there may be some action in the later stage of the case, and Changzhou police will pay close attention to the case dynamics.

  Fake jellyfish silk is very harmful.

  Long-term consumption will lead to malnutrition, neurasthenia, and even stupidity.

  Long-term consumption of "artificial jellyfish silk" is extremely harmful. Sodium alginate is a good thickener and a safe food additive in "artificial jellyfish silk". However, additives are additives after all, and it is somewhat inappropriate to eat additives as food. The reporter checked the relevant information and found that sodium alginate contains more cellulose. Although cellulose has certain benefits to the human body, eating too much will affect the absorption of nutrients. It will also adsorb minerals such as iron, calcium, magnesium and zinc existing in other foods in the intestines, so that these nutrients can not be absorbed by the human body, so eating more can cause malnutrition and other symptoms due to lack of various minerals.

  In addition, another raw material in "artificial jellyfish silk" is alum. This material has a high content of aluminum, which will affect the absorption of calcium, iron and other minerals by the human body for a long time, leading to osteoporosis, anemia and so on. In addition, long-term intake of aluminum can affect or even destroy the human nervous system, which significantly increases the incidence of neurasthenia and even makes people susceptible to Alzheimer’s disease, that is, senile dementia. After testing, the aluminum content in the "artificial jellyfish silk" made by Jia and others exceeded the standard seriously, reaching 600-800mg. Long-term consumption is extremely harmful. (According to Urban Express)

Bitcoin broke the record high of 8,000 yuan, and the British media reported that its value was zero.

  Bitcoin’s "madness" in this round has been somewhat lasting.

  On January 5, according to the data of Huobi.com, a domestic bitcoin trading platform, at 1: 10 am, the price of bitcoin broke through the historical high of 8,000 yuan three years ago, setting a historical record. As of 8: 45 on January 5, the highest price of bitcoin reached 8650 yuan, and the price increased by more than 260% within one year.

  The British "Guardian" said that market analysts believe that the main driving force for this round of bitcoin price surge is in China — — In 2016, the RMB depreciated by nearly 7%, the worst performance in 20 years, which triggered a huge demand for Bitcoin.

  The historical highest price of Bitcoin was 8,000 yuan on November 19th, 2013. A month ago, the price of Bitcoin was still hovering around 1000 yuan, and it tripled in a short time. However, this price fell after less than 1 minute, and then it bottomed out all the way, reaching a minimum of 933 yuan.

  Compared with that rise, Bitcoin rose slightly steadily this time, from 2,351 yuan in early 2016 to 8,000 yuan in early 2017.

  Zhu Jiawei, COO of Huobi.com, said that this round of 8,000 yuan market is very different from that in 2013: First of all, the current bitcoin transaction volume is not the same as that of that year. When the highest price of Huobi was 8,000 yuan in 2013, the weekly transaction volume was 393,000 bitcoins, with a weekly amplitude of 103%, which was very small and was greatly affected by funds; Now, when the price of bitcoin breaks 8,000 yuan, the transaction volume in the four days after Huobi Net Festival is 7.35 million bitcoins, which is 37 times of that year’s transaction volume. The price amplitude in the four days after New Year’s Day in 2017 is 15.95%, which is much more stable than that year.

  In addition, Zhu Jiawei believes that after the application of Bitcoin is promoted, the price tends to be stable. Although Bitcoin rose by 260% from 2016 to 2017, it won the top spot among many investment varieties. However, in the whole year of 2016, according to the data of Huobi. com, the daily price of Bitcoin rose and fell by 10% or more in less than five days, while in 2013, the daily price rose and fell by about 10%.

  For Bitcoin entering the bull market in the past year, Zhu Jiawei analyzed the reasons: First, the underlying technology blockchain of Bitcoin has been recognized by major banks and financial institutions around the world; Secondly, in early 2016, the central bank held a digital currency seminar to start studying digital currency and blockchain technology; This year, domestic mainstream investment products, including stock market, property market, gold, etc., performed poorly on the whole, while bitcoin rose very well, and funds turned to bitcoin investment channels; Bitcoin halved its output for the second time in July 2016, which also promoted market sentiment fluctuations and pushed up prices.

  Xu Mingxing, founder and CEO of OKCoin, another bitcoin trading platform in China, analyzed this wave of gains: "According to the laws of the trading market, investment products will rise if they follow a long decline, and will fall if they rise for a long time. Judging from the cycle of Bitcoin, this price increase is a long-term cumulative result after the price peak in 2013. But it is investors’ confidence in Bitcoin that affects the price of Bitcoin for a long time. "

  The US "Wall Street Journal" reported in May last year that some analysts said that the rise of Bitcoin was mainly driven by the demand in China market brought about by the recent RMB depreciation, and the two major bitcoin trading platforms in China — — Huobi and OKCoin— — At present, it constitutes about 92% of the total global bitcoin transactions.

  Just as the speculators were ecstatic, the Financial Times "poured a pot of cold water", saying that the value of Bitcoin was zero.

  "A trading intermediary is always ups and downs, then it is a useless currency. In fact, Bitcoin has all the characteristics of pyramid scams. It requires that believers continue to enter the market to push up prices, and this is based on the promise that more believers will join in the future, so the value of Bitcoin will be the same as that of all pyramid scams. Zero. " The Financial Times reported on January 4th that.

  In China, bitcoin as a currency has never been recognized by the regulatory authorities. Five ministries and commissions, including the central bank, said in the Notice on Preventing Bitcoin Risks issued in December 2013 that although Bitcoin is called "currency", it is not a real currency because it is not issued by the monetary authorities, and it does not have monetary attributes such as legal compensation and compulsion. In nature, bitcoin should be a specific virtual commodity, which does not have the same legal status as currency, and cannot and should not be used as currency in the market.

Du Zhaocai is the highest-ranking official in football, and only two vice-chairmen of the Football Association remain in operation.

On March 23, 2023, Du Zhaocai attended the annual work conference of key cities of national football development.

According to the website of the State Commission for Discipline Inspection of the Central Commission for Discipline Inspection on April 1, Du Zhaocai, a member of the Party Group and Deputy Director of the State Sports General Administration, is suspected of serious violation of the law and is currently undergoing disciplinary review and supervision investigation by the State Commission for Discipline Inspection. Du Zhaocai is currently the party secretary and vice-chairman of China Football Association, and he is also the highest-ranking official in the anti-corruption storm in football.

Du zhaocai.

Nine people were dismissed, and Du Zhaocai was the highest-ranking official.

According to public information, in the past 141 days, nine related persons of China Football Association have been investigated. As early as November 26, 2022, former China men’s football coach Li Tie was suspected of violating the law; With the final of the FA Cup, the last event of China football in the 2022 season, ending in mid-January 2023, the anti-corruption storm once again set off a climax.

On January 19, 2023, Liu Yi, former secretary general of China Football Association, accepted the supervision and investigation, and Chen Yongliang, executive deputy secretary general of China Football Association and Minister of State Administration, accepted the review and investigation; On February 14th, China Football Association President Chen Xiaoyuan was investigated.

At the "Ministerial Channel" of the National People’s Congress this year, Gao Zhidan, director of the State Sports General Administration, said in response to questions related to the "three big balls" that, realistically speaking, for a long time, the development of the three big balls in China, especially the men’s events, was not satisfactory, the level of men’s football dropped all the way, and there were many chaos in the football industry, which formed a strong contrast with the requirements and expectations of the CPC Central Committee and the people of the whole country.

Gao Zhidan said, we should focus on the outstanding problems in the current "Three Balls" work, such as lack of spirit, lack of righteousness, and weak style of work, and persist in changing our style of work, strengthening our responsibility, and grasping implementation. Resolutely crack down and severely punish corruption and fake gambling in football and other fields, correct the wind and discipline, be strict in discipline, improve the system, strengthen the rules, and comprehensively repair and reconstruct the good ecology of the healthy and sustainable development of the’ three big balls’.

On March 27th, The Politburo Standing Committee (PSC) of the CPC and Li Xi, leader of the Central Inspection Work Leading Group, attended the National Inspection Work Conference and the first round of the 20th Central Inspection Mobilization Deployment Meeting and delivered speeches. Li Xi stressed that to carry out the mobile patrol of the State Sports General Administration, we should focus on fulfilling the party’s leadership functions and responsibilities, implementing the major decision-making arrangements for building a sports power, and thoroughly find out and promote the solution of corruption and deep-seated institutional mechanisms in the sports field, especially in the football field, so as to provide a strong guarantee for building a sports power.

Du zhaocai.

After the two sessions, football anti-corruption refreshed the official level record.

On March 24th, Wang Xiaoping, director of the Commission for Discipline Inspection of China Football Association, and Huang Song, minister of competition department, were suspected of serious violation of discipline and law, and were investigated. On March 29th, Yu Hongchen, former vice chairman of China Football Association, was investigated, and Dong Zheng, former general manager of Super League Company, was investigated. It is worth mentioning that, as the chairman of the current IAAF, Yu Hongchen was a bureau-level cadre, and at that time he was already the first bureau-level cadre to fall in the anti-corruption storm in football. ?

Du Zhaocai, as the deputy director of the General Administration, is a deputy ministerial-level cadre, which has set a new record for football anti-corruption officials. In fact, the anti-corruption storm in football started at the end of 2009, and the highest-level officials such as Xie Yalong and Nan Yong were also limited to the bureau level. This time, the deputy ministerial-level cadres were dismissed, and their ranks were also the highest among the officials who were dismissed in previous football anti-corruption storms.

According to public information, Du Zhaocai, 63, who is currently the deputy director of the State Sports General Administration and the party secretary and vice chairman of the China Football Association, once served as a director of the FIFA Council, chairman of the AFC Referee Committee, executive chairman of the China Organizing Committee of the 2023 AFC Asian Cup and chairman of the East Asian Football Association.

Du Zhaocai’s personal work experience began to intersect with football in 2017-from June 2017, Du Zhaocai was appointed as the assistant director of the State Sports General Administration and the party secretary of the China Football Association by the director of the Tianguan Center; In October 2018, he was promoted to deputy director of the General Administration, responsible for football-related work; In 2019, he served as vice chairman of China Football Association and director of FIFA Council. In April last year, Du Zhaocai was elected as the new president of the East Asian Football Association (from 2022 to 2026). At the beginning of this year, Du Zhaocai failed to run for FIFA director, and he ranked last among the seven candidates.

According to official website, the State Sports General Administration, Du Zhaocai is responsible for football-related work, docking the inter-ministerial joint meeting of FIFA, AFC and the State Council football reform and development, and is responsible for the training and participation of national football teams at all levels, as well as the bidding and preparation of various events held in China, as well as youth football and mass football; Be responsible for the training and competition of track and field, swimming, synchronized swimming, diving and other summer events, and the preparation of various events held in China; And other work assigned by the main responsible comrades. Instruct the Football Association and contact the Football Development Foundation; In charge of track and field center and swimming center, guiding the work of track and field association.

Du zhaocai.

He has repeatedly denounced football corruption in public.

According to the Nanfang Daily, Du Zhaocai has repeatedly denounced football corruption in public-at the National Conference on Competition Discipline and Anti-Doping Work in the Football Industry held in August 2022, Du Zhaocai emphasized that the competition discipline and anti-doping problems, especially the problem of "fake gambling on the black", are the concentrated expression of unhealthy trends in the football industry and a cancer that affects the healthy development of the football industry.

"The vast number of football practitioners should fully understand the special significance of competition discipline and anti-doping work to football work, thoroughly investigate and analyze the problems, take resolute and effective measures to promote competition discipline and anti-doping work, crack down on the rising trend of’ fake gambling on black’ in football field with zero tolerance, create a clean and healthy football style, and promote the healthy development of football in China." Du Zhaocai said.

Just about half a month ago, the Chinese Football Association held a meeting of all cadres. At the meeting, Du Zhaocai said that in the face of the outstanding problems in the current football industry, we must have the courage to face the problems directly.

"Deeply learn from the lessons of a series of recent corruption cases, learn from mistakes, learn from cases, promote reform by cases, find out the reasons, plug loopholes, improve systems and mechanisms, be brave in taking responsibility and fighting, manage and solve ideological problems such as bad tendencies and negative slack in the association, strengthen confidence, make full efforts, change style, break through difficulties, get back on its feet, and strive to open up a new football in China.

According to the official website of the Football Association, on March 23rd, the annual work conference of key cities for national football development was held in the National Football Training Base (Xianghe). Du Zhaocai attended the meeting and delivered a speech.

After Du Zhaocai’s fall, only two vice-chairmen of the Football Association remained in operation.

There are only two vice presidents left in the Football Association to keep running.

According to Beijing Youth Daily, Du Zhaocai’s last public appearance in China Football Association was on the afternoon of March 24th. On the morning of the same day, the news that Huang Song, director of the Competition Department of China Football Association, and Wang Xiaoping, director of the Disciplinary Committee of the Association, were taken away for investigation on suspicion of violating discipline and law was confirmed by official channels.

On the afternoon of the same day, the China Football Association made a briefing on the situation of these two people internally, and at the same time took this opportunity to give a warning education to all middle-level cadres of the Football Association again. The form was the same as that of the anti-corruption warning meeting held after the original China Football Association President Chen Yuyuan, former Secretary-General Liu Yi and Executive Deputy Secretary-General Chen Yongliang were taken away for investigation.

It is worth noting that Du Zhaocai never appeared in the office of the Football Association after attending the anti-corruption warning meeting of the Football Association and speaking at the meeting. This week, Gao Zhidan, director of the General Administration of Sports, and his party went to Liaoning for investigation, and Du Zhaocai was not among them.

After Chen Xiaoyuan and Liu Yi were investigated, the daily work of the Football Association was always presided over by Du Zhaocai. Now, under the investigation of Du Zhaocai, there are only two vice-chairmen in charge of specific business, Gao Hongbo and Sun Wen, secretary of the Discipline Inspection Commission Yan Zhanhe and deputy secretary-general David He, in China Football Association.

Who will be responsible for the daily work next remains to be determined. Therefore, the outside world is also worried that whether the new season Super League can start on April 15th as scheduled will be marked with a big question mark.